TMI BlogDefinitions.X X X X Extracts X X X X X X X X Extracts X X X X ..... ion Act, 1949 (10 of 1949); ( d ) candidate for election means a person who has been duly nominated as a candidate for election to any Legislature; ( e ) certificate means certificate of registration granted under sub-section ( 3 ) of section 12; ( f ) company shall have the meaning assigned to it under clause ( 17 ) of section 2 of the Income-tax Act, 1961 (43 of 1961); ( g ) foreign company means any company or association or body of individuals incorporated outside India and includes- ( i ) a foreign company within the meaning of section 591 of the Companies Act, 1956 (1 of 1956); ( ii ) a company which is a subsidiary of a foreign company; ( iii ) the registered office or principal place of business of a f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... emed to be foreign contribution within the meaning of this clause. Explanation 2.- The interest accrued on the foreign contribution deposited in any bank referred to in sub-section ( 1 ) of section 17 or any other income derived from the foreign contribution or interest thereon shall also be deemed to be foreign contribution within the meaning of this clause. Explanation 3.- Any amount received, by any person from any foreign source in India, by way of fee ( including fees charged by an educational institution in India from foreign student) or towards cost in lieu of goods or services rendered by such person in the ordinary course of his business, trade or commerce whether within India or outside India or any contribution ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... als (whether incorporated or not), formed or registered in a foreign country or territory; ( E ) foreign company; 1[ Provided that where the nominal value of share capital is within the limits specified for foreign investment under the Foreign Exchange Management Act, 1999, (42 of 1999.) or the rules or regulations made thereunder, then, notwithstanding the nominal value of share capital of a company being more than one-half of such value at the time of making the contribution, such company shall not be a foreign source;.] ( vii ) a trade union in any foreign country or territory, whether or not registered in such foreign country or territory; ( viii ) a foreign trust or a foreign foundation, by whatever name called, or such ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ( i ) an association or body of individual citizens of India- ( A ) to be registered with the Election Commission of India as a political party under section 29A of the Representation of the People Act, 1951 (43 of 1951); or ( B ) which has set up candidates for election to any Legislature, but is not so registered or deemed to be registered under the Election Symbols (Reservation and Allotment) Order, 1968; ( ii ) a political party mentioned in column 2 of Table 1 and Table 2 to the notification of the Election Commission of India No.56/J K/02, dated the 8th August, 2002, as in force for the time being; ( o ) prescribed means prescribed by rules made under this Act; ( p ) prescribed authority means an authority specifie ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
