4 A FFF MEANING AND PURPOSE OF FCRA, APPLICABILITY OF FCRA, 2010, MEANING OF FOREIGN CONTRIBUTION, ELIGIBILITY TO RECEIVE FOREIGN CONTRIBUTION, MEANING OF FOREIGN SOURCE, MODES OF FOREIGN CONTRIBUTION, ELIGIBILITY FOR REGISTRATION,
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Free sample — 8 of 65 rapid-fire Q&A cards.
What does FCRA stand for and which year is the current operative Act?
FCRA stands for Foreign Contribution (Regulation) Act, and the current operative Act was enacted in 2010, replacing the earlier 1976 Act.
What is the full form of FCRA in the context of Indian law?
Foreign Contribution (Regulation) Act
What is the primary purpose of the Foreign Contribution (Regulation) Act, 2010?
The primary purpose of FCRA 2010 is to regulate the acceptance and utilisation of foreign contributions or foreign hospitality by certain persons, to ensure that such contributions do not adversely affect national interest and sovereignty.
Which government body is empowered to grant FCRA registration to organisations?
Central Government through Ministry of Home Affairs
Which ministry administers the Foreign Contribution (Regulation) Act, 2010?
The Ministry of Home Affairs (MHA) administers FCRA 2010, and all registrations and approvals are granted by the MHA.
What is the designated bank for FCRA accounts as per the 2020 amendment?
State Bank of India, New Delhi Main Branch
What is the meaning of 'foreign contribution' under FCRA 2010?
Foreign contribution means the donation, delivery, or transfer of any article, currency (whether Indian or foreign), or foreign security by any foreign source, and includes any interest or dividend on such foreign security.
Can a legislator or member of parliament receive foreign contribution under FCRA 2010?
No, legislators and MPs are prohibited from receiving foreign contribution
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