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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The following forms of associations are recognized in law:. Power to impose additional fine where article or currency is not available for confiscation. To tide itself 19766 this problem, the government was forced to do something that it promised not to do: All grants and donations given in violation of FCRA will be condoned.

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.

The two subsidiaries were Sterlite Industries India and Sesa Goa, companies registered in Acy whose controlling shareholder was London-listed Vedanta. Bar to the prosecution of offences under the Act. Contribution Regulation Act, 42 of shall come into fcraa. Application of other laws not barred. An association permitted to accept foreign contribution is required to submit an annual return, duly certifed by a Chartered Accountant, giving details of the receipt and purpose-wise utilization of the foreign contribution.

Foreign Contribution Regulation Act 1976

Work From Home 3 Online Jobs that pay you Rs per hour Since time immemorial people have tried to maximize the returns that they get from Officials say the amendment had to be brought to give relief to the country’s two largest political parties from a legal tangle they had managed to walk into.

An association granted prior permission or registration under the Act can receive the foreign contribution fcr subsequently utilise it using a single designated bank account, as intimated in the application form. Chartered Accountants, before certifying the accounts of an association in form FC — 3, must ensure that they have been prepared in accordance with the provisions of the Foreign Contribution Regulation Act, and the Rules framed thereunder.

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Persons to whom 11976 4 acr not apply. Short title, extent, application and commencement.

Dipak Bhatacharya, advocate and senior partner in Tottenham India Law Associates, said, “The retrospective amendments to FCRA seem to have been brought clearly to allow political parties to evade any sentencing in this case. Designated Bank Account An association granted prior permission or registration under the Act can receive the foreign contribution and subsequently utilise it using a single designated bank account, as intimated in the application form.

An 19766 application will be summarily rejected.

Foreign Contribution (Regulation) Act, 2010

19776 Work From Home A company including its subsidiaries and a group companies registered under the Companies Act,is an association. Somewhere in the minutiae of the Finance Bill is hidden a paragraph which states: In order to view it, please contact the author of the presentation.

An association with a definite cultural, economic, educational, religious or social avt. Views Read Edit View history. It is a consolidating act whose scope is.

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The Trust may be registered under the Indian Trusts Act, Do not deposit any local funds in this bank account. Seizure to be made in accordance with the Code 197 Criminal Procedure, Inspection of accounts or records. Protection of action taken in good faith. Recipients of scholarships, etc.

An Act to regulate the acceptance and utilization of foreign contribution or foreign hospitality by certain persons or associations, with a view to ensuring that parliamentary institutions, political associations and academic and fcraa voluntary organizations fcrw well as individuals working in the important areas of national life may function in a manner consistent with the values of a sovereign democratic republic, and for matters connected therewith or incidental thereto.

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An Act to consolidate the law to regulate the acceptance and utilisation of foreign contribution or foreign hospitality by certain individuals or associations or companies and to prohibit acceptance and utilisation of foreign contribution or foreign hospitality for any activities detrimental to the national interest and for matters connected therewith or incidental thereto. Confiscation of article or currency obtained in contravention of the Act. The provisions of the Foreign Contribution Regulation Act, regulate the receipt of foreign contribution in the country.

Opportunity to be given before adjudication of confiscation. WordPress Embed Customize Embed.

With the Fcar 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. Legal authorities say this is technically correct as the law was in force in those years. The objectives of the Act are as stated in its preamble. Two years ago, the Supreme Court struck down the appeals filed by the two political parties against the Delhi high court verdict. Please use the correct and current form. Candidate for election, etc.

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How to earn Rs in 10 Minutes. Compounding of offence Receipt of Scholarships etc A citizen of India fvra any scholarship, stipend or any payment of a like nature from any foreign source is required to give, within thirty days of such a receipt, an intimation to the Central Government as to the amount of the scholarship, stipend or other payment received; the foreign source from which and the purpose for which, such scholarship, stipend or other payment tcra been, or is being received.