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Start Free TrialThe Foreign Contribution (Regulation) Act, 2010 No. 42 of 2010[26th September, 2010.] Complete Act
Title: The Foreign Contribution (Regulation) Act, 2010 No. 42 of 2010[26th September, 2010.]
State: Central
Year: 2010
.....it in this behalf;(ii) of any currency, whether Indian or foreign;(iii) of any security as defined in clause (h) of section 2 of the Securities Contracts (Regulation) Act, 1956 and includes any foreign security as defined in clause (o) of section 2 of` the Foreign Exchange Management Act, 1999.Explanation 1.- 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.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.....
List Judgments citing this sectionForeign Contribution (Regulation) Act, 1976 Chapter 2
Title: Regulation of Foreign Contribution and Foreign Hospitality
State: Central
Year: 1976
.....or both. (3 ) No person receiving any currency, whether Indian or foreign, from a foreign source on behalf of any association, referred to in sub-section (1) of section 6 , shall deliver such currency-- (i) to any association or organisation other than the association for which it was received, or (ii) to any other person, if he knows or has reasonable cause to believe that such other person intends, or is likely, to deliver such currency to an association other than the association for which such currency was received. ____________________ 1. Substituted by Act 1 of 1985, sec. 3, for "Government servant" w.r.e.f. 20-10-1984. Section 5 - Organisation of a political nature not to accept foreign contribution except with the prior permission of the Central Government (1) No organisation of a political nature, not being a political party, shall, accept any foreign contribution except with the prior permission of the Central Government. Explanation.-For the purposes of this section, "organisation of a political nature, not being a political party" means such organisation as the Central Government may, having regard to the activities of the organisation or the ideology.....
View Complete Act List Judgments citing this sectionAgricultural Refinance and Development Corporation Act 1963 Chapter IV
Title: Funds and Business of the Corporation
State: Central
Year: 1963
..... 1. Omitted by Act 45 of 1975 w.e.f. 15.11.1975. Section 24 - Power to impose conditions for accommodation In entering into any transaction under Section 22 with an eligible institution, the Corporation may impose such conditions as it may think necessary or expedient for protecting the interests of the Corporation. Section 25 - Power to call for repayment before agreed period Notwithstanding anything to the contrary contained in any agreement, the Corporation may, by notice in writing, require any eligible institution to which it has granted any loan or advance to discharge forthwith in full its liabilities to the Corporation: (a) if it appears to the Board that false or misleading information in any material particular was given in the application for the loan or advance; or (b) if the eligible institution has failed to comply with any of the terms of its contract with the Corporation in the matter of the loan or advance; or (c) if there is a reasonable apprehension that the eligible institution is unable to pay its debts or that proceedings for liquidation maybe commenced in respect thereof; or (d) if for any reason it is necessary to do so to.....
View Complete Act List Judgments citing this sectionForeign Exchange Regulation Act, 1973 [Repealed] Repealing Act 1
Title: Foreign Exchange Management Act, 1999
State: Central
Year: 1973
.....of section 10 to deal in foreign exchange or foreign securities; (d) "Bench" means a Bench of the Appellate Tribunal; (e) "capital account transaction" means a transaction which alters the assets or liabilities, including contingent liabilities, outside India of persons resident in India or assets or liabilities in India of persons resident outside India, and includes transactions referred to in sub-section (3) of section 6; (f) "Chairperson" means the Chairperson of the Appellate Tribunal; (g) "chartered accountant" shall have the meaning assigned to it in clause (b) of sub-section (1) of section 2 of the Chartered Accountants Act, 1949 (38 of 1949); (h) "currency" includes all currency notes, postal notes, postal orders, money orders, cheques, drafts, travellers cheques, letter of credit, bills of exchange and promissory notes, credit cards or such other similar instruments, as may be notified by the Reserve Bank; (i) "currency notes" means and includes cash in the form of coins and bank notes; (j) "current account transaction" means a transaction other than a capital account transaction and without prejudice to the generality of the foregoing such transaction.....
View Complete Act List Judgments citing this sectionRemittances of Foreign Exchange and Investment in Foreign Exchange Bonds (Immunities and Exemptions) Act, 1991 Chapter III
Title: Investment in Foreign Exchange Bonds
State: Central
Year: 1991
.....commenced against any of the persons referred to in clause (a) under any of the said Acts on the ground that such person owns such Bonds; (c) the fact that any of the persons referred to in clause (a) owns such Bonds shall not be taken into account and shall be inadmissible as evidence in any proceedings relating to any offence or the imposition of any penalty under any of the said Acts. (2) Nothing in sub-section (1) shall apply to foreign exchange which is required to be brought into India under any of the provisions of-- (i) the Foreign Exchange Regulation Act, 1973 (46 of 1973); or (ii) the Income-tax Act, 1961 (43 of 1961), read with the Foreign Exchange Regulation Act, 1973 (46 of 1973), if the period within which such foreign exchange is to be brought into India has not expired or where such period has been extended, in any manner, by the Central Government or the Reserve Bank of India or any other authority, such extended period has not expired on the date of commencement of this Act. Section 7 - Foreign Exchange Bonds not to be taken into account In certain cases Without prejudice to the generality of the provisions of section 6,-- (a) the provisions of.....
View Complete Act List Judgments citing this sectionForeign Contribution (Regulation) Act, 1976 Section 4
Title: Candidate for Election, Etc., Not to Accept Foreign Contribution
State: Central
Year: 1976
.....or any person referred to in sub-section (1 ), or both, or (ii) any other person, if he knows or has reasonable cause to believe that such other person intends, or is likely, to deliver such currency to a political party or to any person referred to in sub-section (1 ), or both. (3 ) No person receiving any currency, whether Indian or foreign, from a foreign source on behalf of any association, referred to in sub-section (1) of section 6 , shall deliver such currency-- (i) to any association or organisation other than the association for which it was received, or (ii) to any other person, if he knows or has reasonable cause to believe that such other person intends, or is likely, to deliver such currency to an association other than the association for which such currency was received. ____________________ 1. Substituted by Act 1 of 1985, sec. 3, for "Government servant" w.r.e.f. 20-10-1984.
View Complete Act List Judgments citing this sectionAgricultural Refinance and Development Corporation Act 1963 Section 21
Title: Loans in Foreign Currency
State: Central
Year: 1963
(1) Notwithstanding, anything contained in the Foreign Exchange Regulation Act, 1947 (7 of 1947), or in any other law for the time being in force relating to foreign exchange, the Corporation may, for the purpose of granting loans and advances to eligible institutions, borrow, with the previous consent of the Central Government, foreign currency from any bank or financial institution in India or elsewhere. (2) The Central Government may guarantee loans taken by the Corporation under sub-section (1) as to the repayment of principal and the payment of interest thereon and other incidental charges. (3) All loans and advances made to eligible institutions out of foreign currency borrowed under sub-section (1) shall be granted in Indian currency and shall be repayable by such institutions in Indian currency. (4) Any loss occurring or profit accruing in connection with any borrowing of foreign currency under sub-section (1) for the purpose of granting loans or advances to any eligible institution or its repayment, on account of any fluctuations in the rates of exchange shall be reimbursed by, or paid to, the eligible institution.
View Complete Act List Judgments citing this sectionWarehousing Corporations Act, 1962 Chapter II
Title: The Central Warehousing Corporation
State: Central
Year: 1962
..... 1["(ea) inter into, with the previous approval of the Central Government, joint ventures with any corporation established by or under any Central Act or any State Act or with any company formed and registered under the Companies Act, 1956 (1 of 1956) including foreign company or through its subsidiary companies, for carrying out the purposes of this Act. Explanation. - For the purpose of this clause, the expression "foreign company" shall have the meaning assigned to it under the clause (23A) of section 2 of the Income-tax Act, 1961(43 of 1961); (eb) establish subsidiary companies; and"] (f) carry out such other functions as may be prescribed. ________________________ 1. Inserted By The Warehousing Corporation (Amendment) Act, 2001 w.e.f. 01.11.2001. 2 . The word "and" omitted by The Warehousing Corporation (Amendment) Act, 2001 w.e.f. 01.11.2001. Section 12 - Executive Committee (1) There shall be an ExecutiveCommittee of the Central Warehousing Corporation which shall consist of-- (a) the Chairman 1 [ ****] of the board of directors; (b) the managing director; and (c) two other directors chosen by the Corporation in theprescribed manner. 2 (2) The.....
View Complete Act List Judgments citing this sectionLife Insurance Corporation Act, 1956 Complete Act
Title: Life Insurance Corporation Act, 1956
State: Central
Year: 1956
.....Government Section22 - Zonal Managers Section23 - Staff of the Corporation Chapter 6 Section24 - Funds of the Corporation Section25 - Audit Section26 - Actuarial valuations Section27 - Annual report of activities of Corporation Section28 - Surplus from life insurance business how to be utilized Section28A - Profits from any business (other than life insurance business) how to be utilized Section29 - Reports to be laid before Parliament Chapter 7 Section30 - Corporation to have exclusive privilege of carrying on life insurance business Section30A - Exclusive privilege of Corporation to cease Section31 - Exception in the case of insurance business in respect of persons residing outside India Section32 - Power of Corporation to have official seal in certain cases Section33 - Requirement of foreign laws to be complied with in certain cases Section34 - Revesting of certain shares vested in the Administrator General Section35 - Repatriation of assets and liabilities in the case of foreign insurers in certain cases Section36 - Contracts or chief agents and special agents to terminate Section37 - Policies to be guaranteed by Central Government Section38 -.....
List Judgments citing this sectionWarehousing Corporations Act, 1962 Amending Act 1
Title: Warehousing Corporation (Amendment) Act, 2001
State: Central
Year: 1962
.....to shall be substituted; (b) in sub-section (2), for the words with the previous approval of, the words under intimation to shall be substituted; 4 . Amendment of section 21 - In section 21 of the principal Act, in clause (v), the words the Central Warehousing Corporation or shall be omitted. 5 . Amendment of section 22 - In Section 22 of the principal Act, in sub-section (I), for the words with the previous approval of, the words under intimation to shall be substituted. 6 . Amendment of section 24 - In section 24 of the principal Act, - (a) in clause (a), for the words with the previous approval of, the words after consultation with shall be substituted; (b) in clause (d), the word and occurring at the end shall be omitted; (c) after clause (d), the following clause shall be inserted, namely:- (da) enter into, with the previous approval of the State Government, joint ventures with the Central Warehousing Corporation; and.
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