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Foreign contribution to be received only in designated ‘FCRA Account’ at New Delhi branch of SBI: MHA

October 13, 2020
The Ministry of Home Affairs has amended section 17 of the Foreign Contribution (Regulation) Act, 2010 to provide that every person who has been granted certificate or prior permission under section 12 shall receive foreign contribution only in an account designated as ‘‘FCRA Account’’ which shall be opened in branch of the State Bank of India at New Delhi.
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