2 edition of law of foreign contribution and foreign hospitality found in the catalog.
law of foreign contribution and foreign hospitality
P. C. Sharma
Commentary, includes text of the act.
|Statement||by P.C. Sharma and M. Kandasami.|
|Contributions||Kandasami, M., India.|
|LC Classifications||KNS971.5 .S53 1995|
|The Physical Object|
|Pagination||175 p. ;|
|Number of Pages||175|
|LC Control Number||97900933|
Legal Objective of the Act: To regulate the acceptance and utilisation of FC/donations or foreign hospitality by certain individuals or associations or companies; and; To prohibit acceptance and qutilisation of FC/donations or foreign hospitality for any activities detrimental to the national interest and matters connected thereto.; It Applies to whole of India including (also applies to the. Get detailed commentary on FEMA overview, Authorised person under FEMA, Foreign exchange rates, Foreign exchange management act , Foreign currency accounts, Bank accounts, foreign exchange management act manual, etc.
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Foreign Contribution (Regulation) Act, is an act to consolidate the law to regulate the acceptance and utilization of foreign contribution by certain individuals or associations or companies and to prohibit acceptance and utilization of foreign contribution for any activities detrimental to the national interest and incidental matters.
A comprehensive commentaryon law relating to foreign contribution (regulation) act, and foreign contribution (regulation) rules, the highlights of the book are as under: frequently asked questions foreign contribution & foreign hospitality foreign source & foreign company organisations of political law of foreign contribution and foreign hospitality book audio visual broadcast & community radio gift received from relatives & foreign sources procedure 4/5(89).
Subject: Guidelines for consideration of proposals for acceptance of foreign hospitality under the Foreign Contribution (Regulation) Act, ***** The Foreign Contribution (Regulation) Act, (FCRA, ) and the Foreign Contribution (Regulation) Rules, (FCRR, ) have come into force with effect from File Size: 32KB.
The Act was first drawn up in by the Indian government to regulate the acceptance of foreign contribution by way of financial donations or foreign hospitality (air tickets, hotels.
Foreign Contribution (Regulation) Act, 2. Definitions. – 1. In this Act, unless the context otherwise requires,--a.
"association" means an association of individuals, whether incorporated or not, having an office in India and includes a society, whether registered under the Societies Registration Act,or not, and any other organisation, by whatever name called.
the acceptance and utilization of foreign contribution or foreign hospitality by certain individuals or associations or companies and to prohibit acceptance and utilization of foreign contribution or foreign hospitality for any activities detrimental to national interest and for matters connected therewith or incidental Size: KB.
MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 27th September, /Asvina 5, (Saka) The following Act of Parliament received the assent of the President on the 26th September,and is hereby published for general information:— THE FOREIGN CONTRIBUTION (REGULATION) ACT, No.
42 OF [26th September, No. Foreign contribution can not be deposited or utilised from the bank account being used for domestic funds.
13 Can foreign contribution be received in rupees. Ans. Yes. Any amount received from ‘foreign source’ in rupees or foreign currency is construed as ‘foreign contribution’ under law.
Foreign Contribution Regulation Rules, 1. Short title and commencement (1) These rules may be called the Foreign Contribution (Regulation) Rules, (2) They shall come into force on the date on which the Foreign Contribution (Regulation) Act, (42 of ) shall come into force.
Definitions. Explanation 2 ‒ The interest accrued on the foreign contribution deposited in any bank referred to in sub-section (1) of Section 17 or any other income derived from the foreign contribution or interest thereon shall also be deemed to be foreign contribution within the meaning of this Size: KB.
• Foreign Contribution (Regulation)Act, • Foreign Contributions and Hospitality • Exemptions • Powers of Central Government • Adjudication, Appeal and Compounding • Offences and Penalties 2. Foreign Trade Policy and Procedures • Main Features • Special Focus Initiatives •.
PAGE Whether foreign remittances received from a relative are to be treated as foreign contribution as per FCRA. 7 Whether individuals not covered under section 3 or a HUF can accept foreign contribution freely for the purposes listed in sec-tion 4 of FCRA. 7 Can the fee paid by the foreign delegates/participants attend- ing/participating in a conference/seminar etc.
Ans. FCRA, has been enacted by the Parliament to consolidate the law to regulate the acceptance and utilization of foreign contribution or foreign hospitality by certain individuals or associations or companies and to prohibit acceptance and utilization of foreign contribution or foreign hospitality for any activities detrimental to.
Amendments. —Pub. –, § (1), substituted “Contributions and donations by foreign nationals” for “Contributions by foreign nationals” in section catchline. Subsec. (a). Pub. –, § (2), added subsec.(a) and struck out former subsec.
(a) which read as follows: “It shall be unlawful for a foreign national directly or through any other person to make any.
Foreign Contribution. Since the stated purpose of the act is the regulation of foreign contribution, it is important to understand what the phrase means in the context of this regulation.
As per the act foreign contribution means a donation, delivery or transfer made by any foreign source (a term which we shall delve upon soon) of: i. FCRA Act of was actually enacted in the year with the prime objective of regulating the acceptance and usage of foreign contribution and foreign hospitality by associations and persons working in the important areas of national life.
The focus of this Act is to make sure that the foreign contribution and foreign hospitality are not. Exemption from the provisions of section 14(3) of The Foreign Contribution(Regulation) Act, (FCRA, ) - regarding cancelled associations Exemption from FCRA, Cancellation of FCRA registration of the associations for not filing mandatory Annual Returns for the Financial Year Further, persons (including companies) registered under the Foreign Contribution (Regulation) Act must maintain an account of any foreign contribution received, along with a Author: Rupinder Malik.
Foreign Contribution Regulation Act, The Foreign Contribution Regulation Act, (‘FCRA’) prohibits the acceptance of hospitality or contributions from ‘foreign sources’ by persons including legislators, judges, political parties or their office-bearers, government servants and employees of bodies owned or controlled by the.
Law Relating to Foreign Contribution 2nd Edition by Dr. Manoj Fogla (Author), CA Sanjay Patra (Author) out of 5 stars 1 rating.
ISBN ISBN Why is ISBN important. ISBN. This bar-code number lets you verify that you're getting exactly the right version or edition of a book. 5/5(1). Foreign Corrupt Practices Act (FCPA) and Anti-Bribery Corporate Policy Page 1 of 4 Application This Policy applies to all employees of AT&T Inc.
and its affiliates and subsidiaries. Purpose To provide standards for compliance with the U.S. Foreign Corrupt Practices Act (FCPA) and other anti-bribery and anti-corruption laws, regulations and internationalFile Size: KB. The Department of Justice has adopted a narrow interpretation of a law meant to bar foreign interests from corrupting federal officials, giving Saudi Arabia, China and other countries leeway to.Under the Foreign Contribution Regulation Act () (FCRA), all NPOs in India, such as public charitable trusts, societies and Section 8 companies, that wish to accept foreign contributions must: a) register with the Central Government; b) agree to accept contributions through designated banks; and c) maintain separate books of accounts with.