Consider the following & state which of them are TRUE ?
(A) New Foreign Contribution Regulation Act has come into force.
(B) Under the law, no political party can receive foreign funds as donation.
(C) The act says in case of any organisation receiving funds over 10 lakh, bank will immediately
inform govt. to enable agencies to track funds.
(D) There are over 40000 organisations receiving foreign contribution in country out of which only
18000 report the inflow of funds & submit their accounts.
Non-Banking Financial Company, a
company registered under the Companies
Act, 1956 of India, engaged in the business
of loans and advances, acquisition of
shares, stock, bonds, debentures and
securities issued by government or local
authority, or other securities of a
marketable nature, leasing, hire-purchase,
insurance business, or chit business