The Foreign Contribution (Regulation) Act, 2010
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About The Foreign Contribution (Regulation) Act, 2010
FCRA, 2010 has been enacted by the Parliament to consolidate the law to regulate the acceptance and utilization of foreign contribution or foreign hospitality by certain individuals, associations, or companies and to prohibit acceptance and utilization of foreign contribution or hospitality for any activities detrimental to national interest and matters connected therewith or incidental thereto.
“foreign contribution” means the donation, delivery or transfer made by any foreign source ;
- i) of any article, not being an article given to a person* as a gift for his personal use, if the market value, in India, of such article, on the date of such gift is not more than such sum as may be specified from time to time by the Central Government by the rules made by it in this behalf.
- ii) of any currency, whether Indian or foreign;
- iii) of any security as defined in clause (h) of section 2 of the Securities Contracts (Regulation) Act, 1956 and includes any foreign security as defined in clause (o) of Section 2 of the Foreign Exchange Management Act, 1999.
Any “Person” can receive foreign contribution subject to the following conditions:-
- a) It must have a definite cultural, economic, educational, religious, or social program.
- b) It must obtain the FCRA registration / prior permission from the Central Government.
- c) It must not be prohibited under Section 3 of FCRA, 2010.
The following are prohibited to receive foreign contribution:
- 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 controlled or owned by the Government.
- (d) member of any legislature.
- (e) political party or office bearer thereof.
- (f) organization of a political nature as may be specified under sub-section (1) of Section 5 by the Central Government.
- (g) association or company engaged in the production or broadcast of audio news or audiovisual news or current affairs programs through any electronic mode.
- (h) correspondent or columnist, cartoonist, editor, owner of the association or company referred to in point (g).
- (i) Individuals or associations who have been prohibited from receiving foreign contributions.
Eligibility criteria for FCRA REGISTRATION
- *.Jpg file of signature of the chief functionary
- Self-certified copy of registration certificate/Trust deed etc. of the association
- Self-certified copy of Memorandum of Association/ Article of Association
- Activity Report indicating details of activities during the last three years
- Copies of relevant audited statement of accounts for the past three years (Assets and Liabilities, Receipt and Payment, Income and Expenditure) reflecting expenditure incurred on aims and objects of the association and administrative expenditure
For Prior Permission
- *.Jpg file of signature of the chief functionary
- Self-certified copy of registration certificate/Trust deed etc., of the association
- Duly signed Commitment Letter from Donor
Registration Fee
The Government’s registration fee is Rs. 2,000/- for registration and Rs. 1,000/- for prior permission.
Validity & renewal
Registration shall be valid for 5 years, and thereafter, an application for renewal of registration may be made before 6 months from the expiry of the existing registration.
