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Maintenance of Accounts

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Full Text of the Document

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....ub-clause (c) of clause (1) of section 2; b. in the cash book and ledger account on double entry basis, where the foreign contribution relates to currency received and utilised, and a separate bank account shall be maintained in respect of such contribution; c. in Form FC-7,where the foreign contribution relates to foreign securities. 2. Every account specified in sub-rule (1) shall be mainta....