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FOCC, CSR, And FCRA: Too Foreign To Ignore, Too Indian To Exclude
Foreign owned or controlled companies in India occupy a unique regulatory position—treated as both resident and non-resident depending on the context. When these companies attempt to fulfill their corporate social responsibility obligations by funding Indian non-profits, a complex question emerges: does their contribution constitute 'foreign contribution' under India's Foreign Contribution Regulation Act, potentially restricting which organizations can receive their CSR funds?
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