ANTI-CORRUPTION LAW SERIES-2

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Anticorruption law- series-2

Foreign Contribution Regulation Act, 2010

The Foreign Contribution Regulation Act, 2010 (‘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 government, except with the permission of the central government.  The FCRA defines the term ‘foreign source’ to include any foreign citizen, company, entity, multinational corporation, trust or foundation.  Further, non-governmental organizations (including charities) receiving contributions from a ‘foreign source’ are required to be registered under the FCRA, and report such contributions.  The FCRA provides for an exception for personal gifts valued up to INR 25,000 (approximately US$ 375), and such gifts are not prohibited.  A contravention of the FCRA is punishable with imprisonment of up to five years, or a fine, or both.  Where the offender is a company, persons such as directors and other managerial personnel may be held liable for the offence. 


 (All forms of corruption must be ended to secure the basic rights of all people and ensure a world where everyone can live in dignity.
We also know that corruption can’t be rooted out in one big sweep. Rather, fighting it is a step-by-step, project-by-project process.)

MANISHANKAR
CEO-Anti-Corruption And Human Rights Movement®-Chennai
Email; anticorruption.org2007@gmail.com.
Mobile:91 9087856137



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