FCRA – A Bird’s Eye View

Synopsis

  • Introduction and Applicability
  • Objective
  • Important Definitions
  • Prohibition to accept foreign contribution
  • Non-applicability
  • Registration
  • Grant of certificate, suspension, cancellation and renewal of certificate
  • Maintenance of accounts and Audit of accounts
  • Offences and Penalties
  • Miscellaneous Provisions
  • Reporting in various forms under the Act

Introduction and Applicability

Name of the Act:

  • This act may be called as “The Foreign Contribution (Regulation) Act, 2010.” It is often referred as “FCRA”.

Applicability of the Act:

It is applicable to whole of India and

It shall also apply to

  • Citizen of India outside India and
  • Foreign associate branches or subsidiaries of companies or bodies corporate registered or incorporated in India. Read More

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