Following query received from Mr. Vidya Sagar Devabhaktuni, President, SKG Sangha. Kindly provide your responses.
can anybody through light on the following provisions:
(1) Every person who has been granted a certificate or given prior approval under this act shall give, within such time in such manner as may be prescribed, an intimation to the central Government, and such other authority as may be specified by Central government, as to the amount of each foreign contribution received by it, the source from which and the manner in which such foreign contribution was received , and the purposes for which , and the manner in which such foreign contribution was utilised by him.
(2) Every person receiving foreign contribution shall submit a copy of a statement indicating therein the particulars of foreign contribution received duly certified by officer of the bank or authorised person in foreign exchange and furnish the same to the Central Government along with the intimation under sub-section(1).
My query is whether do we need to inform the Government every time we receive foreign contribution? Or is it enough if w submit FC-6?
Vidya Sagar Devabhaktuni
President, SKG Sangha
#532, 2nd Main Road, Gandhi Nagar,
KOLAR – 563 101
Karnataka State, INDIA