{"id":209508,"date":"2019-02-05T18:00:43","date_gmt":"2019-02-05T12:30:43","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=209508"},"modified":"2019-02-05T16:27:45","modified_gmt":"2019-02-05T10:57:45","slug":"central-government-specifies-international-organisations-that-shall-not-be-treated-as-foreign-source","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2019\/02\/05\/central-government-specifies-international-organisations-that-shall-not-be-treated-as-foreign-source\/","title":{"rendered":"Central Government specifies &#8212; International Organisations that shall not be treated as &#8216;foreign source&#8217;"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>S.O. 649(E)\u2014<\/strong>In exercise of the power conferred by sub-clause (ii) of clause (j) of sub-section (1) of Section 2 of the Foreign Contribution (Regulation) Act, 2010 (42 of 2010), the Central Government hereby specifies that the following international organisations shall not be treated as \u2018foreign source\u2019 for the purposes of the said Act, namely:\u2014<\/p>\n<p style=\"text-align: justify;\">(i) Asian Infrastructure Investment Bank (AIIB)<\/p>\n<p style=\"text-align: justify;\">(ii) New Development Bank (NDB)<\/p>\n<p style=\"text-align: justify;\">(iii) European Bank for Reconstruction and Development (EBRD)<\/p>\n<p style=\"text-align: right;\">Ministry of Home Affairs<\/p>\n<p style=\"text-align: right;\">[F. No. II\/21022\/23(78)\/2018-FCRA-III]<\/p>\n<p style=\"text-align: left;\">[Notification dt. 04-02-2019]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.O. 649(E)\u2014In exercise of the power conferred by sub-clause (ii) of clause (j) of sub-section (1) of Section 2 of the Foreign <\/p>\n","protected":false},"author":8808,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,1193],"tags":[33627,33626],"class_list":["post-209508","post","type-post","status-publish","format-standard","hentry","category-legislationupdates","category-notifications","tag-foreign-source","tag-international-organisations"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Central Government specifies -- International Organisations that shall not be treated as &#039;foreign source&#039; 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Section 115JG of the Act inter alia provides that in case the conversion\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":127661,"url":"https:\/\/www.scconline.com\/blog\/post\/2017\/04\/29\/cross-border-mergers-permitted-subject-to-prior-approval-of-rbi\/","url_meta":{"origin":209508,"position":2},"title":"Cross-border mergers permitted, subject to prior approval of RBI","author":"Saba","date":"April 29, 2017","format":false,"excerpt":"GSR .--In exercise of the powers conferred by Section 234 read with Section 469 of the Companies Act, 2013,\u00a0the Central Government, in consultation with the Reserve Bank of India, hereby makes the following rules to amend the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016, namely:- 1. (1) These rules may\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4762-e1474523869607.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4762-e1474523869607.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4762-e1474523869607.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4762-e1474523869607.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4762-e1474523869607.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":178704,"url":"https:\/\/www.scconline.com\/blog\/post\/2017\/12\/28\/integration-bank-accounts-individuals-organisations-receiving-foreign-contributions-fcra-2010-pfms\/","url_meta":{"origin":209508,"position":3},"title":"Integration of bank accounts of individuals\/organisations receiving foreign contributions under FCRA, 2010 with PFMS","author":"Saba","date":"December 28, 2017","format":false,"excerpt":"Whereas Foreign Contribution (Regulation ) Act, 2010 (FCRA, 2010) provides for the regulation of acceptance of the foreign contribution (FC) or foreign hospitality by certain individuals\/associations\/organisations\/companies to ensure that such contributions or hospitality is not being utilised for the activities detrimental to the national interests and matters connected therewith or\u2026","rel":"","context":"In &quot;Hot Off The Press&quot;","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110781,"url":"https:\/\/www.scconline.com\/blog\/post\/2017\/03\/03\/the-securities-and-exchange-board-of-india-foreign-portfolio-investors-second-amendment-regulations-2017-notified\/","url_meta":{"origin":209508,"position":4},"title":"The Securities and Exchange Board of India (Foreign Portfolio Investors) (Second Amendment) Regulations, 2017, notified","author":"Saba","date":"March 3, 2017","format":false,"excerpt":"No. SEBI\/LAD\/NRO\/GN\/2016-17\/035.-\u00a0In exercise of the powers conferred by sub-section (1) of Section 30 read with sub-section (1) of Section 11, clause (ba) of sub-section (2) of Section 11 and sub-sections (1) and (1A) of Section 12 of the Securities and Exchange Board of India Act, 1992, and under Section 25\u2026","rel":"","context":"In &quot;Foreign Legislation&quot;","block_context":{"text":"Foreign Legislation","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/foreign\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":77941,"url":"https:\/\/www.scconline.com\/blog\/post\/2016\/10\/14\/the-income-tax-27th-amendment-rules-2016-notified\/","url_meta":{"origin":209508,"position":5},"title":"The Income Tax (27th Amendment) Rules, 2016, notified","author":"Saba","date":"October 14, 2016","format":false,"excerpt":"S.O. 3179(E).\u2014 In exercise of the powers conferred by clause (b) of Section 13B, read with Section 295 of the Income Tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income Tax Rules, 1962, namely:- 1. 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