Procedure for transferring foreign contribution to any unregistered person.

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..... 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 permit the transfer in respect of a person who has been granted the certificate of registration or prior permission under sect .....

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..... 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 transfer. 2. Substituted vide G.S.R. 966(E) - Dated 14-12-2015 , before it was read as, FC-10. 3. Substituted vide G.S .....

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..... 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 value of the foreign contribution received by him during the financial year; ( b ) the transferor shall not transfer any amount of foreign contribution until the Central Government approves such transfer. (3) A person who has been granted a .....

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