Rule 17 - Intimation of foreign contribution by the recipient. - Foreign Contribution (Regulation) Rules, 2011

17. 1 [(1) Every person who receives foreign contribution under the Act, shall submit a signed or digitally signed report 7 [in electronic form] in Form FC-4 with scanned copies of income and expenditure statement, receipt and payment account and balance sheet for every financial year beginning on the 1st day of April within nine months of the closure of the financial year.] (2) The annual return in Form 2 [FC-4] shall reflect the foreign contribution received in the exclusive bank account and include the details in respect of the funds transferred to other bank accounts for utilisation. (3) If the foreign contribution relates only to articles, the intimation shall be submitted in Form 3 [FC-1] (4) If the foreign contribution relates to foreign securities, the intimation shall be submitted in Form 4 [FC-1] . (5) Every report submitted under sub-rules (2) to (4) shall be duly certified by a chartered accountant (6) Every such return in Form 5 [FC-4] shall also be accompanied by a copy of a statement of account from the bank where the exclusive foreign contribution account is maintained by the person, duly certified by an officer of such bank. (7) The accounting statements referred to above in the preceding sub-rule shall be preserved by the person for a period of six years. (8) A NIL report shall be furnished even if no foreign contribution is received during a financial year. 6 [Provided that where foreign contribution has not been received or utilised during a financial year, it shall not be required to enclose certificate from Chartered Accountant or income and expenditure statement or receipt and payment account or balance sheet with Form FC-4 .] --------------- Notes:- 1. Substituted vide G.S.R. 966(E) - Dated 14-12-2015 , before it was read as, (1) Every person who receives foreign contribution under the Act shall submit a report in Form FC-6, accompanied by an income and expenditure statement, receipt and payment account, and balance sheet for every financial year beginning on the 1st day of April within nine months of the closure of the financial year, to the Secretary to the Government of India, Ministry of Home Affairs, New Delhi. 2. Substituted vide G.S.R. 966(E) - Dated 14-12-2015 , before it was read as, FC-6 3. Substituted vide G.S.R. 966(E) - Dated 14-12-2015 , before it was read as, FC-7 4. Substituted vide G.S.R. 966(E) - Dated 14-12-2015 , before it was read as, FC-8 5. Substituted vide G.S.R. 966(E) - Dated 14-12-2015 , before it was read as, FC-7 6. Inserted vide G.S.R. 966(E) - Dated 14-12-2015 , 7. Substituted vide Notification No. G.S.R. 695(E) dated 10-11-2020 before it was read as electronically online