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Foreign Contribution Regulation Act, 1976
|The Foreign Contribution Regulation Act, 1976 has been enacted with an objective to regulate the acceptance and utilisation of foreign contribution or foreign hospitality by certain persons or associations, with a view to ensuring that parliamentary institutions, political associations and academic and other voluntary organisations as well as individuals working in the important areas of national life may function in a manner consistent with the values of a sovereign democratic republic, and for matters connected therewith or incidental thereto. According to the provisions of the Act, ‘foreign contribution’ means the donation, delivery or transfer made by any foreign source, -
A donation, delivery or transfer of any article, currency or foreign security by any person who has received it from any foreign source, either directly or through one or more persons, shall also be deemed to be foreign contribution.
- 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, does not exceed one thousand rupees;
- of any currency, whether Indian or foreign;
- of any foreign security as defined in clause (i) of Section 2 of the Foreign Exchange Regulation Act, 1973 (46 of 1973);
No foreign contribution shall be accepted by any –
Foreign hospitality means any offer, not being a purely casual one, made by a foreign source for providing a person with the cost of travel to any foreign country or territory or with free board, lodging, transport or medical treatment.
- candidate for election,
- correspondent, columnist, cartoonist, editor, owner, printer or publisher of a registered newspaper,
- Judge, Government servant or employee of any corporation,
- member of any Legislature,
- political party or office-bearer thereof.
For The Foreign Contribution (Regulation) Rules, 1976 and further reading, See:http://www.mha.nic.in/fcra.htm