The IPSS CANNOT receive foreign money. We do not have a specific permission under FCRA. It would be best if we get them to pay either the organizers (Pune team in this case, through any of their registered commercial entities) directly or we get them to pay vendors. If these options ( or something similar) are not possible, please drop the idea.

- sree

On 13 March 2011 08:47, Ramdas S <ramdaz@gmail.com> wrote:

On Sun, Mar 13, 2011 at 2:49 AM, Noufal Ibrahim <noufal@gmail.com> wrote:
On Sat, Mar 12 2011, satyaakam goswami wrote:

>>
>> Thanks but I think we should get someone with first hand experience
>> regarding this kind of thing rather than web links. It can be a thorny
>> issue.
>
> by tomorrow i should be getting first hand info, also CA's can be persons to
> ask about this kind of cases.

[...]

That'd be really useful. Thanks!

Noufal. I dont think this is an issue at all. You must go ahead and close things. Getting funds into India is the least of the problems you'll have, since our government is very friendly when it comes to receiving funds, and you'll have to explain a lot when you want to send even 500 USD out. It's a very normal banking function, and they can wire funds or even send a banker's cheque.

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