Foreign contribution through scheduled bank [ Section 17 ]

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.... to FCRA Account. * All those NGO's /persons/associations who have already been granted certificate of registration to obtain foreign contribution should open account in SBI (NDMB) before bank. They can link this account with SBI (NDMS). SBI (NDMB) shall not charge transfer fee/charges for transferring foreign contribution from existing FCRA account to SBI (NDMB) account or other utilization account in branch of scheduled bank. ( Ministry of Home Affairs Circular F.No. II/21022/23 (35)/2019-FCRA-III dated 13-10-2020 ) * Such person may also open another ''FCRA Account'' in any of the scheduled bank of his choice for the purpose of keeping or utilising the foreign contribution which has been received from his ''FCRA Account'' in the spec....

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....an Chief Functionary of the cross It was held that if permission is obtained to received foreign contribution in designated account, depositing the same in other account is an offence. It was held that breach of undertaking given under section 6(1)(b) of FCRA, 1976 while submitting application in form FC-1 is an offence. Intimation of Bank Account top Central Government * Intimation of such bank accounts has to be given to central government in electronic form in FORM FC-6D within 45 days. [ Rule 9(1)(e) of FC(R) Rules 2011 ] * The specified branch of the State Bank of India at New Delhi or the branch of the scheduled bank where the person referred to in section 17(1) has opened his foreign contribution account or the authorised perso....