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FCRA 2010: Key Concepts.

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Presentation on theme: "FCRA 2010: Key Concepts."— Presentation transcript:

1 FCRA 2010: Key Concepts

2 Objectives Prevent Foreign influence on:
Indian electoral politics, Establishment Media Social and political discourse Restriction of terror funds not a stated objective

3 Article, Currency, Securities
Foreign Contribution Foreign Source Article, Currency, Securities Donative Transaction Foreign Contribution Exempt: Funds from UN, World Bank, listed sources Business transactions

4 Cultural, Religious, Economic, Educational or Social
Applicability Foreign Contribution Definite Program Cultural, Religious, Economic, Educational or Social Covered - FCRA

5 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

6 Foreign Source Individuals Business Organisations Foreign Citizens
PIOs Dual Citizens Business Organisations Foreign MNC Company under foreign Control Others International Organisations NPOs Government

7 Charitable Individuals
Receivers Prohibited Media Bureaucrats Judiciary Politicians Quasi-political Legislature Regulated NPOs Charitable Individuals Permitted Pvt. Individuals Business

8 Further Reading AccountAble 84: ‘Foreign Source’ in FCRA 2010
AccountAble 96: Introduction to FCRA 2010


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