https://www.taxtmi.com/news?id=23259 Amended Section 17 requires that registered persons receive foreign contribution only in a designated FCRA Account opened in the Central Government-specified NDMB branch of SBI. Existing registrants must open the NDMB FCRA Account within the transitional period; fresh applicants must open the NDMB account before receiving any foreign contribution if registration or permission is later granted. No funds other than foreign contribution may be deposited in such accounts, and transfers to linked FCRA or utilization accounts are permitted without transfer charges by NDMB. en-us Tue, 13 Oct 2020 18:10:27 +0530 Tue, 13 Oct 2020 18:10:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23259 Amended Section 17 requires that registered persons receive foreign contribution only in a designated FCRA Account opened in the Central Government-specified NDMB branch of SBI. Existing registrants must open the NDMB FCRA Account within the transitional period; fresh applicants must open the NDMB account before receiving any foreign contribution if registration or permission is later granted. No funds other than foreign contribution may be deposited in such accounts, and transfers to linked FCRA or utilization accounts are permitted without transfer charges by NDMB. News - Tue, 13 Oct 2020 18:10:27 +0530 https://www.taxtmi.com/news?id=23259