TMI BlogDefinitionsX X X X Extracts X X X X X X X X Extracts X X X X ..... a gift for his personal use, if the market value, in India, of such article, on the date of such gift, does not exceed one thousand rupees; (ii) of any currency, whether Indian or foreign; (iii) of any foreign security as defined in clause (i) of section 2 of the Foreign Exchange Regulation Act, 1973 (46 of 1973); [Explanation.- A donation delivery or transfer of any article currency or foreign security referred to in this clause by any person who has received it from any foreign source, either directly or through one or more persons, shall also be deemed to be foreign contribution within the meaning of this clause;] (d) "foreign hospitality" means any offer, not being a purely casual one, made by a foreign source for providin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ) a trade union in any foreign country or territory, whether or not registered in such foreign country or territory, (viii) a foreign trust by whatever name called, or a foreign foundation which is either in the nature of trust or is mainly financed by a foreign country or territory. (ix) a society, club or other association of individuals formed or registered outside India, (x) a citizen of a foreign country, but does not include any foreign institution which has been permitted by the Central Government, by notification in the Official Gazette, to carry on its activities in India; (f) "Legislature" means-- (i) either House of Parliament, (ii) the Legislative Assembly of a State, or in the case of a State having a Legislat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ewspaper registered under the Press and Registration of Books Act, 1867 (25 of 1867); (j) "subsidiary" and "associate" have the meanings, respectively, assigned to them in the Companies Act, 1956 (1 of 1956); (k) "trade union" means a trade union registered under the Trade Unions Act, 1926 (16 of 1926). Explanation.- For the purposes of this Act, a corporation incorporated in a foreign country or territory shall be deemed to be a multi-national corporation if such corporation-- (a) has a subsidiary or a branch or a place of business in two or more countries or territories; or (b) carries on business, or otherwise operates, in two or more countries or territories. (2) Words and expressions used herein and not defined but d ..... X X X X Extracts X X X X X X X X Extracts X X X X
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