[Omitted] Procedure for Transferring Foreign Contribution to any Unregistered Person.

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....uted vide Notification No. GSR 292(E), dated 12-4-2012, w.e.f. 12-04-2012 before it was read as, "Procedure for transferring foreign contribution to other registered or unregistered persons. 24. (1) Any person intending to transfer the foreign contribution may make an application to the Central Government in Form FC-10. (2) The Central Government may ....

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....cation shall be countersigned by the District Magistrate having jurisdiction in the place where the transferred funds are sought to be utilised. The District Magistrate concerned shall take an appropriate decision in the matter within sixty days of the receipt of such request from the person. The donor shall not transfer any foreign contribution until the Central Government has approved the transf....

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....ontribution to an extent not exceeding ten per cent of the total value thereof and for this purpose, make an application to the Central Government in Form ^2[FC-5] (2) Every application made under sub-rule (1) shall be accompanied by a declaration to the effect that (a) the amount proposed to be transferred during the financial year is less than ten per cent of the total val....