Who Cannot accept foreign contribution?

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 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 …

Can a trust accept foreign donation?

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).

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 …

IT IS INTERESTING:  Your question: Can I travel to Europe with F 1 visa?

Can NGO accept foreign donation?

NEW DELHI: The Supreme Court on Tuesday said NGOs should not be allowed to receive foreign funds if the donor did not declare the purpose for which the money is to be spent and said the Centre has diluted the intent of Foreign Contribution Regulation Act (FCRA) by not insisting on such a provision.

Can I receive foreign funds?

It says that any entity, or “person”, can receive foreign funds as long as it has “a definite cultural, economic, educational, religious or social programme” and has obtained a nod under FCRA rules from the Centre, among other things.

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.

Can Trust accept foreign donations without FCRA?

Unless one has FCRA Prior Permission or FCRA Registration, one cannot accept donation (in any currency including INR, even from NRO or NRE acct)/ contribution in kind exceeding Rs 25,000 (excluding personal gifts)/ hospitality/ CSR support—from a foreign source.

Can an individual receive donations from abroad?

NO. Any money received from a citizen of India living in another country, from his savings, through bank transfer, is not treated as a foreign contribution. … As such getting registration under FCRA was a marathon task and now, it has been made stricter through stringent rules via FCRA Amendment Act, 2020.

IT IS INTERESTING:  Who takes foreign coins?

What is FCRA Act India?

The FCRA was enacted during the Emergency in 1976 in an atmosphere of apprehension that foreign powers were interfering in India’s affairs by pumping in funds through independent organisations. … They are also required to file annual returns, and they must not transfer the funds to another NGO.

Can political parties receive foreign funding Upsc?

Prohibition to accept foreign contribution: Under the Act, certain persons are prohibited to accept any foreign contribution. These include: election candidates, editor or publisher of a newspaper, judges, government servants, members of any legislature, and political parties, among others.

Which entities are exempted under the guidelines of FCRA?

NEW DELHI: The Centre has exempted all organisations set up by or under a Central or State Act or by an administrative or executive order of the Central or state government, wholly owned by the respective government and required to have its accounts mandatorily audited by the Comptroller and Auditor General of India ( …

Can we deposit cash in FCRA account?

Therefore, all donations given by a ‘foreign source’ are to be treated as FC even if the donation is received in either INR or foreign currency and in the form of cash or local cheque/DD or cheque from a foreign bank as also through direct deposit in the designated FC bank account or remitted through bank transfer from …

Can a NGO receive foreign funds without FCRA?

The FCRA license is a mandatory registration without which an NGO or any other organisation cannot receive funding from abroad.

IT IS INTERESTING:  Question: How do I become a certified tour guide in Israel?

Is FCRA mandatory?

The Parliament amended the FCRA, 2010 in September, 2020. One of the major amendments mandates compulsory opening of an FCRA account in the State Bank of India (SBI), Main Branch located at Sansad Marg, New Delhi by each NGO/association registered or given prior permission under FCRA 2010.