https://www.taxtmi.com/acts?id=39154 The substituted provision mandates receipt of foreign contribution only into a designated FCRA Account, with the Central Government specifying a primary branch of the State Bank of India at New Delhi for remittances. Recipients may open additional FCRA Accounts in scheduled banks to hold, transfer or utilise such contributions, and no non-foreign funds may be deposited in these accounts. The specified SBI branch, scheduled bank branch, or authorised person in foreign exchange must report prescribed remittance amounts, sources and manner of receipt, and other particulars as prescribed. en-us Wed, 30 Sep 2020 13:50:58 +0530 Wed, 20 Nov 2024 12:42:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=39154 The substituted provision mandates receipt of foreign contribution only into a designated FCRA Account, with the Central Government specifying a primary branch of the State Bank of India at New Delhi for remittances. Recipients may open additional FCRA Accounts in scheduled banks to hold, transfer or utilise such contributions, and no non-foreign funds may be deposited in these accounts. The specified SBI branch, scheduled bank branch, or authorised person in foreign exchange must report prescribed remittance amounts, sources and manner of receipt, and other particulars as prescribed. Act-Rules F. Acts / Amendment Acts Wed, 30 Sep 2020 13:50:58 +0530 https://www.taxtmi.com/acts?id=39154