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.
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 …
Who Cannot receive foreign contribution FCRA?
However, a prior registration under FCRA is mandatory and it should not be prohibited under section 3 of FCRA. No any person can receive Foreign contribution on behalf of political party neither can transfer such contribution to political party or to the person who is connected with the political party.
Can Indian trust accept foreign donations?
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. … The Trusts who intend to get money from abroad have to get approval from the Ministry of Home Affairs (MHA).
Can I receive foreign funds?
In 2019, MHA had amended FCRA rules where it said that even persons prohibited to receive foreign funds such as journalists, politicians, members of the judiciary “are allowed to accept foreign contribution from their relatives” if the amount does not exceed ₹1 lakh.
Who regulates foreign contribution Regulation Act?
|Ministry:||Ministry of Home Affairs|
|Department:||Department of Internal Security|
|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).|
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 government receive offshore donations?
India will not accept financial assistance from the governments of the other nations to the “PM-Cares Fund” to deal with the COVID-19 crisis, but it will remain open to receiving donations from the overseas citizens of the country, foreign individuals and non-government entities to the trust.
Can political parties receive foreign funding Upsc?
As per the FCRA, members of legislatures, political parties, government officials, judges and media persons are prohibited from receiving any foreign contribution.
Can a charitable trust accept foreign donations?
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).
Can nonprofits accept foreign donations?
Donations from foreign donors thus should be recognized with gratitude, but nonprofits should refrain from affirmatively stating that such donations are tax deductible to the donors. The nonprofit may also wish to indicate that donors should consult their own tax professionals for guidance regarding tax deductibility.
Can NGO accept foreign funds?
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 Trust accept donation from NRO account?
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.
What is Foreign Contribution Regulation Act Upsc?
In September 2020, the Foreign Contribution (Regulation) Amendment Act (FCRA), 2020 was passed by the Parliament. A new provision that makes it mandatory for all NGOs to receive foreign funds in a designated bank account at the State Bank of India’s New Delhi branch was inserted.
How do you get intimate designated FCRA account to MHA?
Details Required to Intimate in form FC-6C:
- FCRA Registration/ Prior Permission number and date of the association:
- Official telephone number of the association:
- E-mail address of the association.
- Telephone/ mobile number of the Chief Functionary of the association:
How do I get FCRA funds?
Nonprofit NGO organization should have a FCRA certificate to receive foreign currency funds. Any type of NGO should apply to the Central government for prior permission to receive foreign currency from outside India towards their foreign fundraising.