[Inpycon] Receiving funds from foreign sponsors

[Sreekanth S Rameshaiah]

On 14 March 2011 16:59, Anand Chitipothu <anandology at gmail.com> wrote:

> 2011/3/14 Sreekanth S Rameshaiah <sree at mahiti.org>:
>
> >>
> > If they can directly pay for any expenses related to the event, such as
> > travel bill, foot the food bill or pay to supplier for goodies, that will
> be
> > great.
>
> I don't think that is possible. The suppliers should be in a position
> to accept foreign currency, even if does and if there any enquiry, it
> comes back to us.
>
> Any commercial entity/ agency should be able to accept foreign
inward remittance. Law restricts non-profits from doing foreign currency
transactions.
Regards,
- sree
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