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 …
Can NGO accept foreign donation?
In a circular, the ministry said all NGOs registered under the Foreign Contribution Regulation Act (FCRA) should receive foreign donations in a single designated bank account.
Can a trust accept foreign donation?
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 prohibit a person or an organization from accepting foreign contribution under the Foreign Contribution Regulation Act 2010?
The following are the persons prohibited from accepting foreign contribution: Candidate for election; Correspondent, columnist, cartoonist, editor, owner, printer or publisher of a registered newspaper; … Correspondent or columnist, cartoonist, editor, owner of the association or company referred to in (g) above.
Who can accept foreign contribution under foreign contribution Act?
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.
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.
Can Trust accept foreign donations without FCRA?
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.
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.
How can I get donations from abroad?
There are three ways one can start a Trust/NGO/Charitable Institution, namely, (i)a Section 8 Company under the Companies Act, (ii)a Trust under the Indian Trust Act registering at a Sub-Registrar’s Office, (iii) a Society registering under the Co-operative Societies Act.
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.
Who can receive foreign contribution as per FCRA?
A ‘person’, as defined in Section 2(1)(m) with the exclusion of those mentioned in Section 3 of FCRA, 2010, 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 …