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Whether Capital Assets purchased with the help of foreign contributions can be acquired in the name of the office bearers of the association?

April 26, 2017acquired assets Association bearers Capital contributions foreign help Office

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Whether Capital Assets purchased with the help of foreign contributions can be acquired in the name of the office bearers of the association?

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A.30. No. Every assets acquired out of foreign contributions should be acquired and possessed in the name of the association since association has a separate legal entity distinct from its members.