https://www.taxtmi.com/acts?id=53762 Chapter IIIA establishes a vesting regime for foreign contribution and assets created from foreign contribution when a certificate is cancelled, surrendered or ceases. Vesting is initially provisional in the Designated authority, with a limited right to seek return of any separable portion attributable to other sources, and the authority may take possession, supervise, manage and safeguard the vested assets and, where necessary, manage activities in the public interest. If a fresh certificate is granted, renewed or restored within the prescribed period, the unutilised foreign contribution and vested assets are returned subject to prescribed conditions; failing that, the property becomes permanently vested and may be transferred or disposed of for public purposes. en-us Thu, 26 Mar 2026 14:21:21 +0530 Thu, 26 Mar 2026 14:21:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=53762 Chapter IIIA establishes a vesting regime for foreign contribution and assets created from foreign contribution when a certificate is cancelled, surrendered or ceases. Vesting is initially provisional in the Designated authority, with a limited right to seek return of any separable portion attributable to other sources, and the authority may take possession, supervise, manage and safeguard the vested assets and, where necessary, manage activities in the public interest. If a fresh certificate is granted, renewed or restored within the prescribed period, the unutilised foreign contribution and vested assets are returned subject to prescribed conditions; failing that, the property becomes permanently vested and may be transferred or disposed of for public purposes. Act-Rules Bills Thu, 26 Mar 2026 14:21:21 +0530 https://www.taxtmi.com/acts?id=53762