Query in FCRA

After reading the Foreign Contribution Regulation Act, 1976, i found out that an association needs obtain prior permission as well as registration from the central government to recieve foreign contribution. The association has to be in exisitence for a period of three years to obtain the registration. My query is-

Which provision of the Act would be applicable if an association has not been in exsistence for a period of 3 years?

Replies (1)

HI EVERYBODY

I HAVE A PROBLEM RELATED TO FEMA

IF ANY PARTNERSHIP FIRM TAKES ANY LOAN FROM A FIRM IN UK OF 100000USD. CAN THE FIRM IN INVEST THIS MONEY IN IMMOVABLE PROPERTY. PL GUIDE ME ABOUT THE RESTRICTION ON USING THE MONEY.

THANKS IN ADVANCE.

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