Rule 10 Validity of certificate
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1Rule 10 numbered as sub-rule (1) thereof, and sub-rule (2) ins., by G.S.R. 695(E), dated 10th November, 2020 (Foreign Contribution (Regulation) (Amendment) Rules, 2020).(1) Every certificate of registration granted to a person under the ActDefined in rule 2(a): Act means the Foreign Contribution (Regulation) Act 2010; 1[(aa) bank account means a bank account in a core banking compliant bank, which is integrated with the Public Financial Management System (PFMS)] shall be valid for a period of five years from the date of its issue.
1Rule 10 numbered as sub-rule (1) thereof, and sub-rule (2) ins., by G.S.R. 695(E), dated 10th November, 2020 (Foreign Contribution (Regulation) (Amendment) Rules, 2020).(2) The validity of certificate surrendered under section 14A of the ActDefined in rule 2(a): Act means the Foreign Contribution (Regulation) Act 2010; 1[(aa) bank account means a bank account in a core banking compliant bank, which is integrated with the Public Financial Management System (PFMS)] shall be deemed to have expired on the date of acceptance of the request by the Central Government.
1. Rule 10 numbered as sub-rule (1) thereof, and sub-rule (2) ins., by G.S.R. 695(E), dated 10th November, 2020 (Foreign Contribution (Regulation) (Amendment) Rules, 2020).