Who administers foreign contribution Regulation Act?

Who regulates foreign contribution Regulation Act?

Language

Act ID: 201042
Ministry: Ministry of Home Affairs
Department: Department of Internal Security
Enforcement Date: 01-05-2011
Notification: 1st May, 2011, vide notification No. S.O. 909(E), dated 29th April, 2011, see Gazette of India, Extraordinary, Part II, sec. 3(ii).

Who gives permission to receiving foreign contribution in FCRA?

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.

When was the foreign contribution Regulation Act enacted?

The Foreign Contribution (Regulation) Act (FCRA) enacted in 1976. The FCRA, enforced by the Ministry of Home Affairs (MHA), regulates the inflow of foreign contributions or aid to the country.

What is Fera?

The Foreign Exchange Regulation Act (FERA) was legislation passed in India in 1973 that imposed strict regulations on certain kinds of payments, the dealings in foreign exchange (forex) and securities and the transactions which had an indirect impact on the foreign exchange and the import and export of currency.

THIS IS INTERESTING:  How much money is required for visa in India?

Who needs FCRA?

Charitable Trusts, Societies, Section 8 Company that receive foreign contribution or donation from foreign sources are required to obtain registration under Section 6(1) of Foreign Contribution Regulation Act, 2010. Such a registration under the Foreign Contribution Regulation Act, 2010 is called a FCRA registration.

Who is chief functionary in FCRA?

Normally the head of the organization should be construed as the Chief Functionary. The organization may also designate any office bearer as the Chief Functionary through a General Body/Governing Body resolution, for the purposes of filing the FCRA returns, Forms etc.

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.

What are administrative expenses under FCRA?

Administrative Expenditure

The FCRA Amendment Act, 2020 prescribes to revise the ceiling limit of admin expenses to 20% of the total foreign funds utilised in a particular year. In other words, a FC registered organization cannot spend more than 20% of the FC utilised in that particular year on administrative expenses.

Who can receive foreign contribution?

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 …

Who Cannot receive foreign contributions as FCRA?

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 …

THIS IS INTERESTING:  What do you do when you don't find your boyfriend attractive anymore?

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.