https://www.taxtmi.com/article/detailed?id=9798 Every person authorised to accept foreign contribution must receive such funds only into a designated FCRA Account. The amended law requires initial inflows to the specified State Bank of India New Delhi Main Branch (NDMB) while permitting additional FCRA Accounts in scheduled banks for keeping or utilisation; no non foreign funds may be deposited. Applicants for registration or prior permission must file prescribed electronic forms with affidavits and notify account openings to the Ministry within fifteen days. en-us Tue, 25 May 2021 13:40:34 +0530 Tue, 25 May 2021 13:40:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9798 Every person authorised to accept foreign contribution must receive such funds only into a designated FCRA Account. The amended law requires initial inflows to the specified State Bank of India New Delhi Main Branch (NDMB) while permitting additional FCRA Accounts in scheduled banks for keeping or utilisation; no non foreign funds may be deposited. Applicants for registration or prior permission must file prescribed electronic forms with affidavits and notify account openings to the Ministry within fifteen days. Articles FEMA - Foreign Exchange Management Tue, 25 May 2021 13:40:34 +0530 https://www.taxtmi.com/article/detailed?id=9798