FCRA 2010: KEY CONCEPTS

OBJECTIVES

Prevent Foreign influence on: Indian electoral politics,

Establishment

Media

Social and political discourse

Restriction of terror funds not a stated objective

2

FOREIGN CONTRIBUTION

Foreign SourceArticle,

Currency, Securities

Donative Transaction

Foreign Contribution

Exempt:

Funds from UN, World Bank, listed sources

Business transactions

3

APPLICABILITY

Foreign Contribution

Definite Program

Cultural, Religious, Economic,

Educational or Social

Covered - FCRA

4

INCOME FROM FC

Treated as FCRA Income

To be kept in FCRA Bank / books

To be reported in FC-6

Examples:

Bank / FD Interest

Sale of FCRA Material

Sale of FCRA Assets

Profit from FCRA IGP

5

FOREIGN SOURCE

Individuals

Foreign Citizens

PIOs

Dual Citizens

Business Organisations

Foreign MNC

Company under foreign Control

Others

International Organisations

NPOs

Government

6

RECEIVERSProhibited

Media

Bureaucrats

Judiciary

Politicians

Quasi-political

Legislature

7

FURTHER READING

AccountAble 84: ‘Foreign Source’ in FCRA 2010

AccountAble 96: Introduction to FCRA 2010

8