Bare ActsThe FOREIGN CONTRIBUTION (REGULATION ACT, 2010

Section 15

Amendment status not verified — confirm the current text below against the official source.

f 1) The foreign contribution and assets created out of the foreign contribution in Management the c W d y gfevery p s m whose certificate has been canwlIed under section 14 shall vest of &reign Eon- ! in such quthpriiy as may be prescribed. tribalion of I , . person whose (2) The authority dfmed to in sub-section I ) may, if it considers necessary a d in wrtifiwtt has public interest, manage the activities of the person referred to in that sub-sectim ibr such k n cancttlcd. period and in su&'&ner,.as the Central Government may direct and such authority may utilib the foreign oontrlbution or dispose of the assets created out of it in case adequate funds we not available for nmning such activiv. (3) The authority referred to in sub-section (I) shall retun the fbreign contribution and the assets vested .upon it under that sub-section to the person referred to ih the said sub-section if such person is subsequently registered under this Act.

Section 15 – The FOREIGN CONTRIBUTION (REGULATION ACT, 2010 | DailyLaw.ai