Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
FEMA

Home Acts & Rules FEMA Acts Foreign Contribution (Regulation) Act, 2010 Chapters List This

Foreign Contribution (Regulation) Act, 2010

Chapter: I
PRELIMINARY
Section 1 : Short title, extent, application and commencement.
Section 2 : Definitions.
Chapter: II
REGULATION OF FOREIGN CONTRIBUTION AND FOREIGN HOSPITALITY
Section 3 : Prohibition to accept foreign contribution.
Section 4 : Persons to whom section 3 shall not apply.
Section 5 : Procedure to notify an organization of a political nature.
Section 6 : Restriction on acceptance of foreign hospitality.
Section 7 : Prohibition to transfer foreign contribution to other person
Section 8 : Restriction to utilize foreign contribution for administrative purpose.
Section 9 : Power of Central Government to prohibit receipt of foreign contribution, etc., in certain cases.
Section 10 : Power to prohibit payment of currency received in contravention of the Act.
Chapter: III
REGISTRATION
Section 11 : Registration of certain persons with Central Government.
Section 12 : Grant of certificate of registration.
Section 12A : Power of Central Government to require  Aadhaar number, etc., as identification document
Section 13 : Suspension of certificate.
Section 14 : Cancellation of certificate.
Section 14A : Surrender of certificate
Section 15 : Management of foreign contribution of person whose certificate has been cancelled.
Section 16 : Renewal of certificate.
Chapter: IV
ACCOUNTS, INTIMATION, AUDIT AND DISPOSAL OF ASSETS, ETC.
Section 17 : Foreign contribution through scheduled bank
Section 18 : Intimation
Section 19 : Maintenance of accounts.
Section 20 : Audit of accounts.
Section 21 : Intimation by candidate for election.
Section 22 : Disposal of assets created out of foreign contribution.
Chapter: V
INSPECTION, SEARCH AND SEIZURE
Section 23 : Inspection of accounts or records
Section 24 : Seizure of accounts or records.
Section 25 : Seizure of article or currency or security received in contravention of the Act.
Section 26 : Disposal of seized article or currency or security.
Section 27 : Seizure to be made in accordance with Act 2 of 1974.
Chapter: VI
ADJUDICATION
Section 28 : Confiscation of article or currency or security obtained in contravention of the Act.
Section 29 : Adjudication of confiscation.
Section 30 : Procedure for confiscation.
Chapter: VII
APPEAL AND REVISION
Section 31 : Appeal
Section 32 : Revision of orders by Central Government.
Chapter: VIII
OFFENCES AND PENALTIES
Section 33 : Making of false statement, declaration or delivering false accounts.
Section 34 : Penalty for article or currency or security obtained in contravention of section 10.
Section 35 : Punishment for contravention of any provision of the Act.
Section 36 : Power to impose additional fine where article or currency or security is not available for confiscation.
Section 37 : Penalty for offences where no separate punishment has been provided.
Section 38 : Prohibition of acceptance of foreign contribution.
Section 39 : Offences by companies.
Section 40 : Bar on prosecution of offences under the Act.
Section 41 : Composition of certain offences.
Chapter: IX
MISCELLANEOUS
Section 42 : Power to call of information or document.
Section 43 : Investigation into cases under the Act.
Section 44 : Returns by prescribed authority to Central Government.
Section 45 : Protection of action taken in good faith.
Section 46 : Power of Central Government to give directions.
Section 47 : Delegation of powers.
Section 48 : Power to make rules.
Section 49 : Orders and rules to be laid before Parliament.
Section 50 : Power to exempt in certain cases.
Section 51 : Act not to apply to certain Government transactions.
Section 52 : Application of other laws not barred.
Section 53 : Power to remove difficulties.
Section 54 : Repeal and saving.
 
 
 

Quick Updates:Latest Updates