A Practical Approach to Foreign Contribution (Regulation) Act, 2010

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Description
This book comprehensively covers the various requirements and compliances of Foreign Contribution (Regulation) Act, 2010 ("FCRA2010"), Foreign Contribution Regulation Rules, 2011 ("FCRR 2011") as amended by the Central Government on the Foreign Contribution (Regulation) Amendment Rules, 2015. FCRA Act and Regulation applies to the Individuals/HUF, Trusts, Societies, Section 25/Section 8 Companies and Associations have a definite cultural economic, educational, religious or social programme and intending to receive foreign contribution in India.
The book provides an exhaustive discussion with a practical approach in analyzing the various requirements of the provisions of FCRA 2010, FCRR 2011 as amended by Foreign Contribution (Regulation) Amendment Rules, 2015. It also acts as an Analytical Tool in understanding the laws applicable to these FCRA regulations by providing practical issues.This book is of tremendous help to various stakeholders such as Professionals, Charitable Institutions, NGSs, NPOs, and al! the regulators.
Key Features
•  Updated with FCRA Amendment Rules, 2024 & 2025
•  Detailed commentary with latest circulars and case references
•  Covers registration, renewals, cancellations, suspensions, and penalties
•  In-depth discussions on administrative expenses, offences, and compounding of violations
•  Practical tips on e-filing of relevant forms with FAQs and checklists
•  Guidance on Income Tax Act, 1961 issues related to FCRA compliance
Covering:
•  Foreign Contribution (Regulation) Act, 2010, duly updated
•  Foreign Contribution (Regulation) Amendment Rules, 2011, amended by the
  Foreign Contribution (Regulation) Amendment Rules, 2024 and 2025
•  Comprehensive commentary with latest circulars
•  Registration and prior permission requirements
•  Compliances for change in address, bank accounts, trustees, etc
•  Renewal of license procedures
•  Cancellation and Suspension
•  Offences, penalties, compounding of offences
•  In depth discussions made on Admin Expenses
•  Issues on Income-tax Act, 1961
•  E-filling of relevant Forms with practical tips
•  Practical issues with FAQs and Checklists
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Contents
Chapter 1    Introduction to FCRA
Chapter 2    Applicability of FCRA
Chapter 3    Foreign Contribution - Important Statistics
Chapter 4    Foreign Contribution
Chapter 5    Foreign Contribution - Exceptions
Chapter 6    Foreign Hospitality
Chapter 7    Foreign Source
Chapter 8    Foreign Company
Chapter 9    Prohibition to Accept Foreign Contribution
Chapter 10   Foreign Contribution versus Commercial Organisations
Chapter 11   Organisation of Political Nature
Chapter 12   Associations or Company Engaged in Production or
                       Broadcast of Audio News or Audio Visual News
Chapter 13    Permissible Activities
Chapter 14    Gift from Relatives and Foreign Sources
Chapter 15    Registration-Procedure and Compliance
Chapter 16    Prior Permission - Procedure and Compliances
Chapter 17    Circumstances for Rejection of Application for Registration and Prior Permission
Chapter 18    Grant of Certification of Registration and Prior Permission
Chapter 19    Renewal of Registration
Chapter 20    Suspension of Registration
Chapter 21    Cancellation of Registration
Chapter 22    Designated Bank Accounts
Chapter 23    Change in Bank Account -Procedure
Chapter 24    Responsibility of Banks under FCRA, 2010
Chapter 25    Administrative/ Establishment Expenses and Speculative Investments
Chapter 26    Books of Accounts and Method of Accounting
Chapter 27    Audit of Accounts and Filing of Returns
Chapter 28    Legal Due Diligence
Chapter 29    Custody and Management of Foreign Contribution and Assets
Chapter 30    FCRA Assets - Investments and Fixed Assets
Chapter 31    Procedure for Change in Name, Nature, Objectives or Address
Chapter 32    Funds Transfer to Unregistered Organisations
Chapter 33    International Activities, Transfers
Chapter 34    NRI or Foreign National can be a Board Member
Chapter 35    Composition of Change in Board Members
Chapter 36    Funds - Loans - Domestic and Other Sources
Chapter 37    Funds - Internally generated, Borrowings, Voluntary Contributions
Chapter 38    Foreign Contribution Received in Kind
Chapter 39    Inspection, Search and Seizure
Chapter 40    Appeals under FCRA, 2010
Chapter 41    Revision of Orders by Central Government
Chapter 42    Offences and Penalties
Chapter 43    Compounding of Offences
Chapter 44    Power to Make Rules
Chapter 45    Power to Remove Difficulties
Chapter 46    Central Government's Power to Exempt and Other Powers
Chapter 47    Application of Other Laws not Barred
Chapter 48    Repeal and Saving
Chapter 49    Whether FCRA will Apply to Central or State Government Organisations
Chapter 50    Projects Grants, Grant-in-Aid - Applicability of FCRA.
Chapter 51    Liaison and Branch Office of Foreign Trust or Institution - Activities in India
Chapter 52    Corporate Social Responsibility
Chapter 53    Frequently Asked Questions (with addittional questions), Circulars, Charters
Chapter 54   Foreign Contribution (Regulation) Act, 2010 as amended upto date
Chapter 55   Foreign Contribution (Regulation) Rules, 2011 as amended upto date
Chapter 56   Prevention of Money Laundering Act, 2002 as applicable to NPOs
Chapter 57   Filing of Annual Returns of Asstes and liabilities under Lokpal
                       and Lokayukta act, 2013 by Individual of an association
Chapter 58   Practical Case Studies  
Chapter 59   Practical Illustration of Form FC-1
Chapter 60   Practical Illustration of Form FC-2
Chapter 61   Practical Illustration of From FC-3 A
Chapter 62   Practical Illustration of Form FC-3 B
Chapter 63   Practical Illustration of Form FC -3 C
Chapter 64   Practical Illustration of Form FC -4
Chapter 65   Practical Illustration of Form FC -6 A
Chapter 66   Practical Illustration of Form FC -6 B
Chapter 67   Practical Illustration of Form FC -6 C
Chapter 68   Practical Illustration of Form FC -6 D
Chapter 69    Practical Illustration of Form FC -6 E
Chapter 70    Practical Illustration of Form FC -7
Chapter 71    Charity
Chapter 72    Charitable Purpose
Chapter 73    Relief of Poor
Chapter 74     Education and Medical Relief
Chapter 75     Advancement of any Other General Public Utility
Chapter 76     Basics of Formation of Trust, Society, Section 8 Company
Chapter 77     Formation of Trust
Chapter 78     Formation of a Society (under the Societie Registration Act, 1860)
Chapter 79     Formation of Section 8 Company
Chapter 80     Registration of Trust under section 12A
Chapter 81     Procedure for Registration of Trust or Institutic under section 12AA/12AB
Chapter 82     Income of Charitable or Religious Trusts Institutions
Chapter 83     Application of Income
Chapter 84     Prescribed Mode of Investment
Chapter 85     Overview of Forfeiture of Exemption
Chapter 86     Taxation of Charitable or Religious Trusts Institutions
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Author Details
CA(Dr.) N Suresh is a Graduate in Commerce from Bangalore University and a Fellow Member of the Institute of Chartered Accountants of India. He did his PhD on the following subjects:
i)    Taxation system and practices in India
ii)   NGOs, NPOs, legal systems and practices in India
He has authored few books and several articles on varied topics relating to corporate laws and taxation.
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