Who can accept foreign contribution under Foreign Contributions Regulation 2010?
Ans. Section 11 of the FCRA, 2010 prescribes that no person, save as otherwise provided in the Act, shall accept foreign contribution unless such person obtains a certificate of registration or prior permission of the Central Government.
Who can receive foreign contribution?
(1) Every person who has been granted a certificate or given prior permission under section 12 shall receive foreign contribution in a single account only through such one of the branches of a bank as he may specify in his application for grant of certificate: Provided that such person may open one or more accounts in …
Who can receive foreign contribution under FCRA?
A ‘person’, as defined in Section 2(1)(m) with the exclusion of those mentioned in Section 3 of FCRA, 2010, having a definite cultural, economic, educational, religious or social programme can receive foreign contribution after it obtains the prior permission of the Central Government, or gets itself registered with …
Can not receive foreign contribution under the Foreign Contribution Regulation Act 2010?
As defined in Section 3(1) of FCRA, 2010, foreign Page 4 contribution cannot be accepted by any: (a) a candidate for election; (b) correspondent, columnist, cartoonist, editor, owner, printer or publisher of a registered newspaper; (c) Judge, government servant or employee of any Corporation or any other body …
Who administers FCRA?
Foreign funding of persons in India is regulated under FCRA Act and is implemented by the Ministry of Home Affairs. Individuals are permitted to accept foreign contributions without permission of MHA. However, the monetary limit for acceptance of such foreign contributions shall be less than Rs.
WHO issues FCRA certificate?
On their positive opinions, the FCRA Section of the Ministry issues the Certification of Registration to the candidate organization. It is necessary to receive foreign contribution just in one designated bank account.
Can I receive foreign funds?
In 2019, MHA had amended FCRA rules where it said that even persons prohibited to receive foreign funds such as journalists, politicians, members of the judiciary “are allowed to accept foreign contribution from their relatives” if the amount does not exceed ₹1 lakh.
Can political parties receive foreign funding Upsc?
As per the FCRA, members of legislatures, political parties, government officials, judges and media persons are prohibited from receiving any foreign contribution.
Can Section 8 companies receive contributions from overseas or non residents?
There are special requirements to be complied with under the Foreign Contribution and Regulation Act, 2010 before a Section 8 Company can receive any contributions or donations from overseas/outside India from non-residents. The provisions of the said Act are in addition to the provisions under the Companies Act.
What is a foreign contribution according to Foreign Contribution Regulation Act 2010?
– A donation, delivery or transfer of any article, currency or foreign security referred to in this clause by any person who has received it from any foreign source, either directly or through one or more persons, shall also be deemed to be foreign contribution within the meaning of this clause.
Can Trust accept foreign donations?
Any donation from a Non-resident Indian who is a foreign national can be received only if the recipient charitable trust or institution is registered under FCRA (Foreign Contribution Regulation Act, 2010).
How do I get FCRA funds?
For getting Proper FCRA Registration, the applicant must be registered and operating as an NGO for a minimum period of 5 years. The Non-Profit Organization must have spent minimum 10 Lakh rupees in the last 3 years for furtherance of its main objects.
What do you mean by FCRA?
Foreign contribution regulation Act 1976 or FCRA is a law of government of India which regulates receipt of foreign contributions or aid from outside India to India territories. This is essential to ensure that such aid does not effect political or any other situation in India.
Why is FCRA needed?
The FCRA was enacted with the primary purpose of regulating the inflow of foreign contributions and ensuring that the received foreign contributions are not utilized for illegal purposes. All charitable organizations in India receiving foreign contributions come under the purview of this Act.
What is Foreign Contribution Regulation Act and how does it control donations?
The FCRA regulates foreign donations and ensures that such contributions do not adversely affect internal security. … Registered associations can receive foreign contribution for social, educational, religious, economic and cultural purposes. Filing of annual returns, on the lines of Income Tax, is compulsory.