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
• Lucid commentary with up to date provisions of the FCRA, 2010, FCRR 2011 as
  amended by the Foreign Contribution (Regulation) Amendment Rules, 2015.
• Statutory compliances under various laws in India including the CSR requirement under FCRA, 2010.
• Comprehensive coverage of practical illustrations of complex topics for a better understanding.
• Covers Frequently Asked Questions on various issues (with Additional Questions)
• Exhaustively elucidate -
  i. Procedure of Onlinef iling up of various forms with practical illustrations and action points,
  ii. Compliances by Liaison Office and Branch Offices of Foreign Trust, NGOs, etc.
• International transactions - applicability of FCRA
•  LegalDueDiligencefordonors.
• Appeal &Revisions, Offences, Penalties and their Compounding.
Covering:
• Foreign Contribution (Regulation) Amendment Rules 2015, covered exclusively
   with comparison to the earlier Rules
• CSR requirement of compliances under FCRA, 2010
• Acts as an Analytical Tool in understanding law applicable to FCRA 2010
• Practical issues discussed
• Filing of FCRA New Online Forms with illustrative examples
• Contains FAQs on various issues {with Additional Questions)
• Legal Due Diligence given for quick references for Donors
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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 39A    Appeals under FCRA, 2010
Chapter 39B    Revision of Orders by Central Government
Chapter 40    Offences and Penalties
Chapter 41    Compounding of Offences
Chapter 42    Power to Make Rules
Chapter 43    Power to Remove Difficulties
Chapter 44    Central Government's Power to Exempt and Other Powers
Chapter 45    Application of Other Laws not Barred
Chapter 46    Repeal and Saving
Chapter 47    Whether FCRA will Apply to Central or State Government Organisations
Chapter 48    Projects Grants, Grant-in-Aid - Applicability of FCRA.
Chapter 49    Liaison and Branch Office of Foreign Trust or Institution - Activities in India
Chapter 50    Frequently Asked Questions
Chapter 51    Foreign Contribution (Regulation) Act, 2010
Chapter 52    Foreign Contribution (Regulation) Rules, 2011
Chapter 53    Prevention of Money Laundering Act, 2002 as applicable to NPOs
Chapter 54   Foreign Contribution- Important Statistics 
Chapter 55   Online Filing of  FCRA Hospitality (FC-2)
Chapter 56    Online Filing of  FCRA  Registration (FC-3)
Chapter 57   Online Filing of  FCRA  Poor Premission (FC-3)
Chapter 58   Online Filing of  FCRA Renewal (FC-3)
Chapter 59    Online Filing of  FCRA  (FC-4)
Chapter 60     Online Filing of Application for Seeking Permission for transfer of
                    Foriegn Contribution to other Un-Registered Persons (Fc-5)
Chapter 61    Practical Case Studies
Chapter 62    Practical Illustration of Form FC-1
Chapter 63    Practical Illustration of Form FC-2
Chapter 64    Practical Illustration of From FC-3
Chapter 65    Practical Illustration of Form FC-4
Chapter 66    Practical Illustration of Form FC -5
Chapter 67    Practical Illustration of Form FC -6
Index
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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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