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TMI BlogDefinitions.X X X X Extracts X X X X X X X X Extracts X X X X ..... "candidate for election" means a person who has been duly nominated as a candidate for election to any Legislature; (e) "certificate" means certificate of registration granted under sub-section (3) of section 12; (f) "company" shall have the meaning assigned to it under clause (17) of section 2 of the Income-tax Act, 1961 (43 of 1961); (g) "foreign company" means any company or association or body of individuals incorporated outside India and includes- (i) a foreign company within the meaning of section 591 of the Companies Act, 1956 (1 of 1956); (ii) a company which is a subsidiary of a foreign company; (iii) the registered office or principal place of business of a foreign company referred to in sub clause (i) or company referred ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on the foreign contribution deposited in any bank referred to in sub-section (1) of section 17 or any other income derived from the foreign contribution or interest thereon shall also be deemed to be foreign contribution within the meaning of this clause. Explanation 3.- Any amount received, by any person from any foreign source in India, by way of fee ( including fees charged by an educational institution in India from foreign student) or towards cost in lieu of goods or services rendered by such person in the ordinary course of his business, trade or commerce whether within India or outside India or any contribution received from an agent of a foreign source towards such fee or cost shall be excluded from the definition of foreign contr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... capital is within the limits specified for foreign investment under the Foreign Exchange Management Act, 1999, (42 of 1999.) or the rules or regulations made thereunder, then, notwithstanding the nominal value of share capital of a company being more than one-half of such value at the time of making the contribution, such company shall not be a foreign source;.] (vii) a trade union in any foreign country or territory, whether or not registered in such foreign country or territory; (viii) a foreign trust or a foreign foundation, by whatever name called, or such trust or foundation mainly financed by a foreign country or territory; (ix) a society, club or other association of individuals formed or registered outside India; (x) a citi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... has set up candidates for election to any Legislature, but is not so registered or deemed to be registered under the Election Symbols (Reservation and Allotment) Order, 1968; (ii) a political party mentioned in column 2 of Table 1 and Table 2 to the notification of the Election Commission of India No.56/J&K/02, dated the 8th August, 2002, as in force for the time being; (o) "prescribed" means prescribed by rules made under this Act; (p) "prescribed authority" means an authority specified as such by rules made by the Central Government under this Act; (q) "registered newspaper" means a newspaper registered under the Press and Registration of Books Act, 1867 (25 of 1867); (r) "relative" has the meaning assigned to it in clause (41) of s ..... X X X X Extracts X X X X X X X X Extracts X X X X
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