TaxTMI 
TaxTMI 
Insertion of new Chapter IIIA.
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.... has ceased under section 14B or any rules made under this Act, shall, from the date of such cancellation, surrender or cessation, vest provisionally in the Designated authority in such manner as may be prescribed. (2) An asset shall vest wholly in the Designated authority whether created or acquired partly from foreign contribution and partly from other sources: Provided that the person referred to in sub-section (1) may make an application to the Designated authority for return of any distinct or ascertainable portion of the asset created or acquired from other sources and the Designated authority, on being satisfied, shall by an order, return such portion of the asset to the applicant in such manner as may be p....
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....nently vested in the Designated authority. (6) The Designated authority shall apply the foreign contribution and the assets permanently vested in it for public purposes and may, by order-- (a) transfer such assets to any Ministry, Department, authority or agency of the Central Government or of a State Government or any local authority, in such manner as may be prescribed; or (b) dispose of such assets through sale or any other appropriate process, in such manner as may be prescribed and credit the sale proceeds together with any unutilised foreign contribution to the Consolidated Fund of India: Provided that no person referred to in sub-section (1) or any of its key functionaries at the time of cancellati....
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....to accept foreign contribution under this Act ceases to exist or is rendered inoperative or defunct,- (a) the last key functionaries of such person shall inform the Central Government of such cessation or status of being inoperative or defunct, in such form and manner and within such period as may be prescribed; (b) the foreign contribution received by such person and the assets created out of foreign contribution shall stand permanently vested in the Designated authority under sub-section (5) of section 16A. Certificate of sale or certificate of transfer of vested immovable property. 16D. (1) Where the Designated authority sells any immovable property vested in it under this Act, it shall, upon receipt o....
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....eign contributions and assets vested in it; (b) reporting to the Central Government any violation of the provisions of this Act or any fraudulent activity that comes to its notice during the discharge of its duties; (c) submitting such periodic reports to the Central Government as may be prescribed; and (d) discharging such other incidental or ancillary functions as may be assigned to it by the Central Government. (2) The Designated authority shall act in accordance with such directions or orders, whether general or special, as may be issued to it by the Central Government from time to time. Duties and responsibilities of persons whose foreign contributions and assets are vested in Designated aut....
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.... Powers of Designated authority and Administrator 16G. The Designated authority and the Administrator, for the purposes of discharging their functions under this Act, shall- (a) have all the powers of a Civil Court under the Code of Civil Procedure, 1908 (5 of 1908), while trying a suit, in respect of summoning and enforcing the attendance of any person, examining them on oath, requiring the discovery and production of documents, receiving evidence on affidavits, issuing commissions and such other matters as may be prescribed; (b) be deemed to be a public servant within the meaning of clause (28) of section 2 of the Bharatiya Nyaya Sanhita, 2023 (45 of 2023). Officers of Government and other authorities....