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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Penalty for offences where no separate punishment has been provided. Punishment for the contravention of any provision of the Act.
Foreign Contribution Regulation Act 1976
Ensure that you furnish information exactly in the manner stated in the form. The Act concentrate on the prevention of foreign money flow to the electoral politics, bureaucrats, judges and other persons holding public offices. Please use the correct and current form.
Do not deposit any local funds in this bank account. However, such organizations which are newly established and do not have proven track record of functioning may also receive foreign contribution for specific activities, for a specific purpose and from a specific source after seeking project based prior permission PP from the Ministry of Home Affairs. A trade union of employees or employers formed and registered under the Trade Union Act, is an association.
It is a consolidating act whose scope is. Therein lies the curious tale of why the law had to be amended not once but twice. Organization of a political nature not to accept foreign contribution except with the prior permission of the Central Government.
Foreign Contribution Regulation Act, FCRA was enacted in the year with the prime objective of regulating the acceptance and utilization of foreign contribution and foreign hospitality by persons and associations working in the important areas of national life.
Candidate for election, etc. What is a Foreign Source Foreign source means the government of any foreign country or territory or its agency; international agency; a foreign company; citizen of a foreign country. It should be registered with Central Government 2. 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 source for stated objectives.
Investigation into cases under the Act. Seizure of accounts or records. Bar to the prosecution of offences under the Act. An association 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 the Central Government.
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. Authority to whom an application or intimation to be sent Retrieved from ” https: Who can Receive Foreign Contribution An association 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 the Central Government.
Foreign Contribution Regulation Act
Seizure of article or currency received 9176 contravention of the Act. Custody of foreign contribution in respect of person whose certificate has been cancelled. The definition was enlarged to include such contributions also for the purpose of tracing the utilization of foreign contribution down the line. She is the secretary of Citizens for Justice and Peace CJPan organisation formed for fighting for justice for the victims of communal violence fra the state rcra Gujarat in With the Lok Sabha passing the law without any debate, the legislators lost the opportunity to ask why a long dead act was being brought back to life.
Contributions made by a citizen of India living in another country, from his personal savings, through the normal banking channels, is not treated as foreign contribution. Short title and commencement.
Presentation Description No description available. Penalty 197 article or currency obtained in contravention of section Retrospective yes, but without really impacting any citizen or condoning any real wrong-doing.
Foreign contribution cannot be accepted by axt 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.
Act not to apply to government transactions. Officials said other firms, which were Indian subsidiaries of global giants, had also made donations to political parties and these would have attracted the test of being illegal, if the amendment had not been brought.
Foreign Contribution (Regulation) Act, – Wikipedia
The following forms of associations are recognized in law:. Confiscation of article or currency obtained in contravention of the Act. Proper Filing of Application Please familiarise yourself with the provisions of the Foreign Contribution Regulation Act, and the Foreign Contribution Regulation Rules, before making an application.
Protection of action taken in good faith. Receiving foreign hospitality by specified categories of persons at.
Amendment in the year Foreign contribution means the donation, delivery or transfer, made 196 any foreign source of any. The contributions covered the years from to 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.
Extent of amount to be utilized in case of suspension of certificate of registration The discussion page may contain suggestions.
Retro rules make a comeback
Chartered Accountants, before certifying the accounts of an association in form Fra — 3, must ensure that they have been prepared in accordance with the provisions of the Foreign Contribution Regulation Act, and the Rules framed thereunder. 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, shall be punished with imprisonment for a term, which may extend to five years, or with fne or with both.
The Act also seeks to regulate flow of foreign funds to voluntary organizations with objective of preventing any possible diversion of such funds towards activities detrimental to the national interest and to ensure that such individuals and organizations may function in a manner consistent with the values of sovereign democratic republic. Somewhere in the minutiae of the Finance Bill is hidden fra paragraph which states: It should agree to carry out its foreign transactions trough one specific bank.
The provisions of the Foreign Contribution Regulation Act, regulate the receipt of foreign contribution in the country.
Application to be made in prescribed form for obtaining prior permission to accept foreign contribution or hospitality.