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TMI BlogOfficer competent for compounding specified for Foreign Contribution (Regulation) Act - Seeks to supersession Notification No. S.O. 2291(E), dated the 5th June, 2018X X X X Extracts X X X X X X X X Extracts X X X X ..... s done or omitted to be done before such supersession, the Central Government hereby specifies the officer in column (4) of the Table, who may, before institution of any prosecution under the said Act, compound the offences under the said Act specified in column (2), on payment of the amount specified in column (3), of the said Table, namely:- TABLE Sr. No. Offence Amount of Penalty Officer competent for compounding (1) (2) (3) (4) 1. Offence punishable under section 35 for accepting any hospitality in contravention of section 6 of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... One lakh rupees or thirty per cent. of the foreign contribution received, whichever is higher. Director, or as the case may be, the Deputy Secretary in-charge of the section responsible for the administration of the Act. 5. Offences punishable under section 37 read with section 17 of the Act for- (a) receiving foreign contribution in any account other than specified account in his application for grant of certificate; (b) non-reporting the prescribed amount of foreign remittance or source and manner of such remittance by banks and authorised persons. (c) receiving and depositing any fund other than foreign contribution in the account or accounts opened for ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ot maintaining the account and records of foreign contribution received and manner of its utilisation as required section 19 of the Act. One lakh rupees or five per cent. of the foreign contribution during the relevant period of non-maintenance of accounts, whichever is higher. Director, or as the case may be, the Deputy Secretary in-charge of the section responsible for the administration of the Act. 8. Offence punishable under sections 3, 11 and 35 of the Act read with rule 6 for failure to intimate about receipt of foreign contribution within the prescribed time limit. Five per cent. of such foreign contribution received in a financial yea ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... escribed time. The Director, or as the case may be, the Deputy Secretary in-charge of the section responsible for the administration of the Act. 12. Offence punishable under section 37 and section 19 of the Act read with rule 13, for failure to place on website as prescribed in clause (a) of rule 13 within the prescribed time. Ten thousand rupees for each violation. The Director, or as the case may be, the Deputy Secretary in-charge of the section responsible for the administration of the Act. 2. The amount of penalty computed under column (3) of the Table in respect of any offence or offences referred to in column (2) thereof ..... X X X X Extracts X X X X X X X X Extracts X X X X
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