AIIB, NDB and EBRD not to be treated foreign source under FCRA

AIIB, NDB and EBRD not to be treated foreign source under FCRA

MINISTRY OF HOME AFFAIRS
NOTIFICATION

New Delhi, the 1st February, 2019

S.O. 649(E).—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 ‘foreign source’ for the purposes of the said Act, namely:—

(i) Asian Infrastructure Investment Bank (AIIB)

(ii) New Development Bank (NDB)

(iii) European Bank for Reconstruction and Development (EBRD)

[F. No. II/21022/23(78)/2018-FCRA-III]

ANIL MALIK, Jt. Secy.

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