https://www.taxtmi.com/circulars?id=67923 Every person or entity granted registration or prior permission under the FCRA must receive foreign contribution only into a designated "FCRA Account" opened at the specified State Bank of India New Delhi Main Branch (NDMB); no funds other than foreign contribution shall be received in that account. Existing account holders must transition to the NDMB designated account within the prescribed period, fresh applicants must open the NDMB designated account prior to receiving foreign contribution if later granted permission, and banks must report prescribed remittance particulars under Section 17(2). en-us Tue, 13 Oct 2020 00:00:00 +0530 Tue, 19 Nov 2024 18:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=67923 Every person or entity granted registration or prior permission under the FCRA must receive foreign contribution only into a designated "FCRA Account" opened at the specified State Bank of India New Delhi Main Branch (NDMB); no funds other than foreign contribution shall be received in that account. Existing account holders must transition to the NDMB designated account within the prescribed period, fresh applicants must open the NDMB designated account prior to receiving foreign contribution if later granted permission, and banks must report prescribed remittance particulars under Section 17(2). Circulars FEMA Tue, 13 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/circulars?id=67923