Law relating to Foreign Contributions In India (7th Edition)
- Year of Publication: 2021
- Edition: 7th
- ISBN: 9789390303571
Issues concerning receipt and utilization of foreign contribution have been a matter of major concern for the Government in the present times. Having regard to the same, the Foreign Contribution (Regulation) Act, 2010 has recently been amended by FC(R) (Amendment) Act, 2020 and the FC(R) Rules, 2011 by the FC(R) (Amendment) Rules, 2020. The changes brought about relate to electronic methods of communication with the Government, provisions have been made more stringent, there is an increase in the fees payable under the Act, organizations are required to have a standing of three years and have spent at least Rupees fifteen lakhs for the benefit of society during three years, public servants have been brought under the Act, there is an absolute prohibition on transfer of funds to other persons, there is a limit of twenty percent every year on administrative expenses, an FCRA Account has to be opened in the State Bank of India, New Delhi or in any of its branches, there is a requirement of Aadhar Card as an identification document, new provision for summary inquiry in cases of contravention of the provisions of the Act. Consequently the FC(R) Rules 2011 have been amended to conform to the changes made in the Act. Besides, the Forms FC-1 to FC-7 have been substituted.
All these amendments have necessitated bringing out of the present seventh edition of the book duly revised in the context of the amendments. It is hoped that this revised edition will give proper insight and guidance to the readers.
Commercial LAW PUBLISHERS (INDIA) PVT. LTD. which is in the legal publishing business for nearly three decades is now one of the top ranking legal publishers in India–recognized and accepted by diverse professionals and business entities as well as Government Departments in view of the high quality, practical utility as well as diversity in subjects on which it brings out Books. It has the powerful backing of its vast exposure as the leading Books Distributor All over India for over 45 years. From just a couple of titles during the first few years of its publishing activity, Commercial has now around 200 titles and over 350 Bare Acts & Manuals in the field of Direct Indirect Taxes, Corporate Law and Civil/Criminal Laws. It successfully launched the Bare Acts project in the year 1996 and has so far brought out over 350 updated Bare Acts. These are much sought after since these Bare Acts are annotated ones containing notes and brief comments, thus enhancing their utility. Commercial has been bold enough to bring out Books, Commentaries and Referencers on hitherto untouched subjects like Legal Metrology. It has a record number of publications on Income Tax, Company Law, Customs, GST and Students Publications for CA & CS by bringing out high quality publications at affordable prices and is an highly ethical business enterprise. Commercial has withstood the market competition successfully over the years including competition from Foreign publishers and strives its best to serve the legal and corporate professionals better and better every day with its novel ideas and business strategy. Commercial is backed by a team of highly competent in-house professional experts supplemented by high profile authors who have stood by it for decades.
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- Year of Publication: 2021
- Edition: 7th
- ISBN: 9789390303571
Issues concerning receipt and utilization of foreign contribution have been a matter of major concern for the Government in the present times. Having regard to the same, the Foreign Contribution (Regulation) Act, 2010 has recently been amended by FC(R) (Amendment) Act, 2020 and the FC(R) Rules, 2011 by the FC(R) (Amendment) Rules, 2020. The changes brought about relate to electronic methods of communication with the Government, provisions have been made more stringent, there is an increase in the fees payable under the Act, organizations are required to have a standing of three years and have spent at least Rupees fifteen lakhs for the benefit of society during three years, public servants have been brought under the Act, there is an absolute prohibition on transfer of funds to other persons, there is a limit of twenty percent every year on administrative expenses, an FCRA Account has to be opened in the State Bank of India, New Delhi or in any of its branches, there is a requirement of Aadhar Card as an identification document, new provision for summary inquiry in cases of contravention of the provisions of the Act. Consequently the FC(R) Rules 2011 have been amended to conform to the changes made in the Act. Besides, the Forms FC-1 to FC-7 have been substituted.
All these amendments have necessitated bringing out of the present seventh edition of the book duly revised in the context of the amendments. It is hoped that this revised edition will give proper insight and guidance to the readers.
Commercial LAW PUBLISHERS (INDIA) PVT. LTD. which is in the legal publishing business for nearly three decades is now one of the top ranking legal publishers in India–recognized and accepted by diverse professionals and business entities as well as Government Departments in view of the high quality, practical utility as well as diversity in subjects on which it brings out Books. It has the powerful backing of its vast exposure as the leading Books Distributor All over India for over 45 years. From just a couple of titles during the first few years of its publishing activity, Commercial has now around 200 titles and over 350 Bare Acts & Manuals in the field of Direct Indirect Taxes, Corporate Law and Civil/Criminal Laws. It successfully launched the Bare Acts project in the year 1996 and has so far brought out over 350 updated Bare Acts. These are much sought after since these Bare Acts are annotated ones containing notes and brief comments, thus enhancing their utility. Commercial has been bold enough to bring out Books, Commentaries and Referencers on hitherto untouched subjects like Legal Metrology. It has a record number of publications on Income Tax, Company Law, Customs, GST and Students Publications for CA & CS by bringing out high quality publications at affordable prices and is an highly ethical business enterprise. Commercial has withstood the market competition successfully over the years including competition from Foreign publishers and strives its best to serve the legal and corporate professionals better and better every day with its novel ideas and business strategy. Commercial is backed by a team of highly competent in-house professional experts supplemented by high profile authors who have stood by it for decades.
