2.0 WHAT CONSTITUTES FOREIGN CONTRIBUTION
3.0 WHAT CONSTITUTES FOREIGN SOURCE
4.0 ELIGIBILITY FOR RECEIPT OF FOREIGN CONTRIBUTION
5.0 REGISTRATION UNDER FOREIGN CONTRIBUTION (REGULATION) ACT 2010, (FCRA 2010)
6.0 CONDITIONS FOR GRANT OF REGISTRATION AND PRIOR PERMISSION
7.0 REPORTING AND FILING REQUIREMENTS ON RECEIPT OF FOREIGN CONTRIBUTION
8.0 VARIOUS FORMS UNDER FOREIGN CONTRIBUTION REGULATION ACT
Any organization can receive ‘Foreign Contributions’ provided it is registered under the Foreign Contribution (Regulation) Act, 2010 (FCRA 2010) in India. The FCRA 2010, which came into effect from May 1, 2011, vide Gazette Notification G.S.R. 349 (E) dated the 29th April, 2011, is governed by the Ministry of Home Affairs, Government of India, and replaces the Foreign Contribution (Regulation) Act 1976, which has therefore now been repealed. The Foreign Contribution (Regulation) Rules, 2011 (FCRR 2011) made under section 48 of FCRA, 2010 have also come into force effective from 1st May, 2011. The Foreign Contribution (Regulation) Rules, 2015 (FCRR 2015) made under section 48 of FCRA, 2010 have also come into force effective from 14 Dec, 2015
Organizations seeking foreign contributions for definite cultural, social, economic, educational or religious programmes may either obtain registration or prior permission to receive foreign contribution from Ministry of Home Affairs by making application in the prescribed format and furnishing details of the activities and audited accounts.
To receive foreign contribution, the organization should be registered under FCRA 2010 and should receive such contribution through bank only. For this purpose, a separate bank account has to be maintained exclusively for foreign contributions. It can be received in rupees or foreign currency. The interest or any other income earned out of such received foreign contribution should be shown as second /subsequent foreign contribution receipt in the annual return during the year in which it is earned.
"Foreign Contribution" defined in section 2(1)(h) of FCRA, 2010, means the donation, delivery or transfer made by any foreign source,
Foreign Contribution also includes the following:
However, the following shall not be treated as Foreign contributions:
FCRA 2010 is meant to ensure that foreign contribution is received from legitimate sources and utilized only for legitimate purposes by person receiving the foreign contribution.
Any individual, HUF, association or a company registered under Section 25 of Companies Act 1956 (Now Section 8 of Companies Act, 2013) can receive foreign contribution subject to following conditions:-
Section 3 of FCRA 2010 prohibits acceptance of foreign contribution in certain cases. Accordingly, no foreign contribution can be accepted by the following:
Foreign contribution can, however, be accepted by the above-mentioned persons in the following specific cases:
Associations which were granted certificates of registration or prior permission under Section 6 of the Foreign Contribution (Regulation) Act, 1976, will continue to be eligible to receive foreign contribution under the Act and such registration shall be valid for a period of five years from the date on which the Act came into force.