Guidelines issued under Section 36(1)(a) of the Banking Regulation Act, 1949 -Implementation of the provisions of Foreign Contribution (Regulation) Act, 2010 https://www.taxtmi.com/circulars?id=66631 Banks must ensure that registered persons receive foreign contribution only in a single designated account through specified bank branches and that no other funds are deposited therein. Banks and authorised persons in foreign exchange are required to report prescribed particulars of foreign remittances, including source, manner and other details, to the specified authority in the prescribed form and manner; banks must also report within thirty days any receipt by an unregistered person who required registration or any large receipt as specified by the Rules. en-us Mon, 01 Jul 2013 00:00:00 +0530 Tue, 18 Jul 2023 13:16:00 +0530 TaxTMI RSS Generator Guidelines issued under Section 36(1)(a) of the Banking Regulation Act, 1949 -Implementation of the provisions of Foreign Contribution (Regulation) Act, 2010 https://www.taxtmi.com/circulars?id=66631 Banks must ensure that registered persons receive foreign contribution only in a single designated account through specified bank branches and that no other funds are deposited therein. Banks and authorised persons in foreign exchange are required to report prescribed particulars of foreign remittances, including source, manner and other details, to the specified authority in the prescribed form and manner; banks must also report within thirty days any receipt by an unregistered person who required registration or any large receipt as specified by the Rules. Circulars FEMA Mon, 01 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/circulars?id=66631