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2021 (7) TMI 523
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....araj and Ms. Nupur Raut, Advs. for R-3 Respondent Through Mr. Farman Ali, Sr. Panel Counsel with Mr. Jatin, Govt. Pleader and Mr. Athar Raza Farooquei, Adv. O R D E R (Video-Conferencing) CM APPL. 19078/2021 in W.P.(C) 6031/2021 1. Exemption allowed, subject to all just exceptions. 2. The application is disposed of. W.P.(C) 6031/2021 1. Issue notice to show cause as to why ....
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....rs in the present case arises out of the peculiarities in the FC-4 Form, whereunder returns, regarding contributions received by beneficiaries under the Foreign Contribution Regulation Act, 2010 ("FCRA") are required to be filed. The petitioners are recipients of foreign contributions in accordance with the protocol set out in the FCRA. It is asserted, in the petition, that the petitioners are pos....
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....ciary maintains the requisite exclusive Foreign Contribution Account, and is also required to be certified by an officer of the bank. 6. Section 12 of the FCR (Amendment) Act, 2020 amended Section 17 of the FCRA and, by virtue of said amendment, foreign contribution can be received only in a branch of the State Bank of India (SBI) located at New Delhi, to be specified by notification by the Cen....
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....FCR account being in SBI. 9. The petitioners' accounts wherein foreign contributions were received were not in the SBI, till 7th October, 2020. As a result, the petitioners submit that it has become impossible for them to submit the return under FC-4 Form for the year 2019-2020. 10. It is further submitted in the petition that, though the petitioners represented in this regard to the respond....