Amendment status not verified — confirm the current text below against the official source.
(1) Every ~ n , wbo is regisred and granted a certifbte or givm prior permission Rtstriction to under this Act and receives any foreign contribution,- utilisc fore@ contribution (a) shall: utilise such contribution for the putposes for which the contribution for , has been received: aUminismtive Provided that any foreign contribution or my income arising out of it MI not purpose. be used for speculative qusiness: kvided ~ e r wthe Chbd Govemmmt shall, by mk, spwify the activities or business w h i &dl ke cnnstrued as speculative b u s h fbr tfte p w p p of h i d o n ; (b) &all not dehy p far as possible such sum, not excad& per cent, of such contribution, received in a financial year, to mset administrative expenses: Provided that administrative expensas exceeding fifty per cent. of such conkibution may be.defrayed with prior approval of the Cent@ Go-ent. (2) The Central Govmment may prescribe the elements which &dl be indud& in the adminigtrative.expanses and the m m e r in which the ahinistmtive q m s a to in subsection ( I ) shall be d~uhted. , .