https://www.taxtmi.com/article/detailed?id=12042 Section 13 permits a person whose registration is suspended to utilize a limited portion of foreign contribution that is in the person's custody for the declared aims and objects, and the balance of unutilized contribution remains restricted until revocation of suspension. "In his custody" encompasses amounts held in fixed deposits, government bonds and similar instruments, not only current account balances. Permissible disbursements are confined to day to day and declared purposes, with maintenance of expense accounts and periodic submission to the Ministry. en-us Thu, 16 Nov 2023 09:56:19 +0530 Thu, 16 Nov 2023 09:56:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12042 Section 13 permits a person whose registration is suspended to utilize a limited portion of foreign contribution that is in the person's custody for the declared aims and objects, and the balance of unutilized contribution remains restricted until revocation of suspension. "In his custody" encompasses amounts held in fixed deposits, government bonds and similar instruments, not only current account balances. Permissible disbursements are confined to day to day and declared purposes, with maintenance of expense accounts and periodic submission to the Ministry. Articles FEMA - Foreign Exchange Management Thu, 16 Nov 2023 09:56:19 +0530 https://www.taxtmi.com/article/detailed?id=12042