FCRA ACT 1976 PDF
What is FCRA: Foreign Contribution Regulation Act (FCRA) is an act passed by Indian parliament in with the objective of regulating the. Full text containing the act, Foreign Contribution (Regulation) Act, , with all the sections, schedules, short title, enactment date, and footnotes. INTRODUCTION. Foreign Contribution (Regulation) Act, (FCRA) was enacted in the year with the prime objective of regulating the acceptance and.
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Intimation of foreign contribution by the recipient The focus of this Act is to ensure that the foreign contribution and foreign hospitality fcrx not utilized to affect or influence electoral politics, public servants, judges and other people working the important areas of national life like journalists, printers and publishers of newspapers, etc.
The implication of the judgment, which asked the government to “take action as contemplated by law”, was that the two political parties could face action for violating the FCRA and FCRA acts. Swing time in stocks Business. Investigation into cases under the Act. In such cases, the NGO has to apply for prior permission for any funds that it is likely to receive.
The intimation is to be given in Form FC — 5. Who cannot Receive Foreign Contribution Foreign contribution cannot be accepted by a candidate for election; correspondent, columnist, cartoonist, editor, owner, printer or publisher of a registered newspaper; judge, government servant or employee of any corporation; member of any legislature; political party or office bearer thereof.
B Documents Remember to enclose copies of the following documents with your application — Certifed copy of registration certificate or Trust deed, as the case may be; Details of activities during the last three years; Copies of audited statement of accounts for the past three years Asset and Liabilities, Receipt and Payment, Income and Expenditure ; Commitment letter from foreign donor specifying the amount of foreign contribution only with prior permission application ; Copy of project for which foreign contribution was solicited is being offered only with prior permission application ; If functioning as editor, owner, printer or publisher of a publication registered under the Press and Registration of Books Act,a certificate from the Press Registrar that the publication is not a newspaper in terms of section 1 1 of the said Act.
Remember to enclose copies of the following documents with your application —. Yuvi auctioned for Rs 1 crore, but his work is priceless. She is the secretary of Citizens for Justice and Peace CJPan organisation formed for fighting for justice for the victims of communal violence in the state of Gujarat in An ism is coming to an end. Learn To Earn Online 5. The organizations can seek foreign contributions for the multifarious projects, which may be social, cultural, economic, educational and religious that can be obtained from Ministry of Home Affairs What is FCRA.
Maintenance of Accounts An association granted prior permission or registration under the Act must maintain a separate set of accounts and records exclusively for the foreign contribution received and utilised in the prescribed manner.
Prohibition of acceptance of foreign contribution. Essential Requirements A Bank Account Open a separate bank account for the receipt and utilisation of foreign contribution in a bank of your choice and furnish particulars of the same at the appropriate place. Two-wheeler growth ride Business. The return is to be submitted, in duplicate, in Form FC—3.
Foreign Contribution (Regulation) Act, 2010
Certain associations and persons receiving foreign contribution to give intimation to the Central Government. The objectives of the Act are as stated in its preamble. Whoever accepts, or assists any person, political party or organisation in accepting any foreign contribution or any currency from a foreign source, in contravention of the provisions of the Foreign Contribution Regulation Act,or the rules made thereunder, fcr be punished with imprisonment for a term, which may extend to five years, or with fne or with both.
There are very many cases of companies who have provided grant to various Indian organisations without FCRA registration or prior permission. Presentation Description No description available. The provisions of the Foreign Contribution Regulation Act, regulate the receipt of foreign contribution in the country. An application for registration is normally disposed within six months. That necessitated the first amendment, which was achieved by tweaking the Finance Bill for It did not include donation or contribution received by an organization from another organization from out of foreign contribution received by the latter organization.
Foreign contribution cannot be accepted by a candidate for election; correspondent, columnist, cartoonist, editor, owner, printer or publisher of a registered newspaper; judge, government servant or employee of any corporation; member of any legislature; political party or office bearer thereof.
Foreign Contribution (Regulation) Act, – Wikipedia
Intimation of receiving foreign contribution from relatives 7. Short title, extent, application and commencement. Please use the correct and current form.
Procedure for transferring foreign contribution to other registered or unregistered persons. The registration is granted only to such association, which has proven track record of functioning in the chosen field of work during last three years, and after registration, such organization is free to receive foreign contribution from any foreign 9176 for stated objectives. Restrictions on acceptance of foreign hospitality.
Please fill the relevant application form with due care. Who can Receive Foreign Contribution An association having a definite cultural, economic, fcar, religious or social programme can receive foreign contribution after it obtains the prior permission of the Central Government, or gets itself registered with the Central Government.
Since the FCRA Act, is national security legislation; NGOs are required to exercise extreme care and caution in dealing with foreign contribution from the time of its 1967 to its final utilization.
But it must have an office in India in order to come within the perview of this Act. Confiscation of article or currency obtained in contravention of the Act.