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Home Acts & Rules Finance Act / Amendment Acts Amendment Acts THE FOREIGN CONTRIBUTION (REGULATION) AMENDMENT ACT, 2020 This
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Section 12 - Substitution of new section for section 17 - THE FOREIGN CONTRIBUTION (REGULATION) AMENDMENT ACT, 2020

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..... Substitution of new section for section 17. 12. For section 17 of the principal Act, the following section shall be substituted, namely:- Foreign contribution through scheduled bank. '17. (1) Every person who has been granted certificate or prior permission under section 12 shall receive foreign contribution only in an account designated as "FCRA Account" by the bank, which shall be opened by him for the purpose of remittances of foreign contribution in such branch of the State Ban .....

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Section 12 - Substitution of new section for section 17 - THE FOREIGN CONTRIBUTION (REGULATION) AMENDMENT ACT, 2020

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