https://www.taxtmi.com/circulars?id=66632 The Guidelines implement the Foreign Contribution (Regulation) Act, 2010 and Rules, 2011, obliging banks and authorised persons in foreign exchange to ensure compliance by persons receiving foreign contribution, to accept such contribution only into a single designated account through specified branches, to certify and report particulars of foreign remittances and to observe restrictions on transfer, utilisation and maintenance of accounts; the Rules set procedural requirements for registration, prior permission, reporting, public disclosure of large receipts, and vesting of unutilised funds after cancellation. en-us Mon, 06 Feb 2012 00:00:00 +0530 Tue, 18 Jul 2023 13:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=66632 The Guidelines implement the Foreign Contribution (Regulation) Act, 2010 and Rules, 2011, obliging banks and authorised persons in foreign exchange to ensure compliance by persons receiving foreign contribution, to accept such contribution only into a single designated account through specified branches, to certify and report particulars of foreign remittances and to observe restrictions on transfer, utilisation and maintenance of accounts; the Rules set procedural requirements for registration, prior permission, reporting, public disclosure of large receipts, and vesting of unutilised funds after cancellation. Circulars FEMA Mon, 06 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=66632