Saturday, March 7, 2020

Organizations without political goal can’t be barred from receiving foreign funds : Apex Court

FEMA, BANKING & INSURANCE : Guidelines in Rule 3 of Foreign Contribution (Regulation) Rules, 2011 do not suffer from vagueness and ambiguity and are not unconstitutional. Prevention of foreign contributions routed through voluntary organisations which are not connected to party politics is the reason behind introduction of Section 3 (1) (f) and Section 5 of the Foreign Contribution (Regulation) Act, 2010 Act.

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000194082/organizations-without-political-goal-can’t-be-barred-from-receiving-foreign-funds-apex-court.aspx

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