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With reference to Foreign Contribution (Regulation) Act (FCRA), consider the following statements:
1. Foreign funding of persons in India is regulated under FCRA act and is implemented by the Ministry of Finance.
2. Under the Act, organisations taking foriegn contribution are required to register themselves every five years.
Which of the statements given above is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'B'. Can you explain this answer?
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Most Upvoted Answer
With reference to Foreign Contribution (Regulation) Act (FCRA), consid...
- Under Foreign Contribution (Regulation) Act (FCRA), 2010, foreign funding of persons in India is regulated under FCRA act and is implemented by the Ministry of Home Affairs. Hence, statement 1 is not correct.
- Individuals are permitted to accept foreign contributions without permission of MHA.
- However, the monetary limit for acceptance of such foreign contributions shall be less than Rs. 25,000.
- The Act ensures that the recipients of foreign contributions adhere to the stated purpose for which such contribution has been obtained.
- Under the Act, organisations are required to register themselves every five years. Hence, statement 2 is correct.
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Community Answer
With reference to Foreign Contribution (Regulation) Act (FCRA), consid...
Statement 1: Foreign funding of persons in India is regulated under FCRA act and is implemented by the Ministry of Finance.
The statement is incorrect. Foreign funding of persons in India is regulated under the Foreign Contribution (Regulation) Act (FCRA) and is implemented by the Ministry of Home Affairs, not the Ministry of Finance. The Ministry of Home Affairs is responsible for administering the FCRA and regulating the acceptance and utilization of foreign contributions by individuals as well as organizations.
Statement 2: Under the Act, organizations taking foreign contribution are required to register themselves every five years.
The statement is correct. Under the FCRA, organizations that receive foreign contributions are required to register themselves with the Ministry of Home Affairs and obtain a unique registration number. This registration is valid for a period of five years, after which it needs to be renewed. Organizations must apply for renewal at least six months before the expiry of their registration.
Explanation:
The Foreign Contribution (Regulation) Act (FCRA) was enacted in India in 2010 to regulate the acceptance and utilization of foreign contributions or donations by individuals, associations, and companies. The objective of the act is to ensure that such contributions are not utilized for activities that are detrimental to India's national interest.
The Ministry of Home Affairs is the nodal ministry responsible for administering the FCRA. It formulates policies and guidelines, processes registrations, and monitors compliance with the provisions of the act. The ministry has designated the Foreigners Division as the nodal division for the implementation of the FCRA.
Under the FCRA, organizations that wish to receive foreign contributions must be registered with the Ministry of Home Affairs and obtain a unique registration number. The registration is valid for a period of five years, and organizations must apply for renewal at least six months before the expiry of their registration. The renewal process involves submission of necessary documents and compliance with the FCRA guidelines.
It is important to note that not all organizations are eligible to receive foreign contributions. The FCRA provides a list of organizations that are not eligible to receive foreign contributions, including political parties, government officials, and organizations of a political nature.
In conclusion, statement 1 is incorrect as the FCRA is implemented by the Ministry of Home Affairs, not the Ministry of Finance. Statement 2 is correct as organizations taking foreign contributions are required to register themselves every five years.
The statement is incorrect. Foreign funding of persons in India is regulated under the Foreign Contribution (Regulation) Act (FCRA) and is implemented by the Ministry of Home Affairs, not the Ministry of Finance. The Ministry of Home Affairs is responsible for administering the FCRA and regulating the acceptance and utilization of foreign contributions by individuals as well as organizations.
Statement 2: Under the Act, organizations taking foreign contribution are required to register themselves every five years.
The statement is correct. Under the FCRA, organizations that receive foreign contributions are required to register themselves with the Ministry of Home Affairs and obtain a unique registration number. This registration is valid for a period of five years, after which it needs to be renewed. Organizations must apply for renewal at least six months before the expiry of their registration.
Explanation:
The Foreign Contribution (Regulation) Act (FCRA) was enacted in India in 2010 to regulate the acceptance and utilization of foreign contributions or donations by individuals, associations, and companies. The objective of the act is to ensure that such contributions are not utilized for activities that are detrimental to India's national interest.
The Ministry of Home Affairs is the nodal ministry responsible for administering the FCRA. It formulates policies and guidelines, processes registrations, and monitors compliance with the provisions of the act. The ministry has designated the Foreigners Division as the nodal division for the implementation of the FCRA.
Under the FCRA, organizations that wish to receive foreign contributions must be registered with the Ministry of Home Affairs and obtain a unique registration number. The registration is valid for a period of five years, and organizations must apply for renewal at least six months before the expiry of their registration. The renewal process involves submission of necessary documents and compliance with the FCRA guidelines.
It is important to note that not all organizations are eligible to receive foreign contributions. The FCRA provides a list of organizations that are not eligible to receive foreign contributions, including political parties, government officials, and organizations of a political nature.
In conclusion, statement 1 is incorrect as the FCRA is implemented by the Ministry of Home Affairs, not the Ministry of Finance. Statement 2 is correct as organizations taking foreign contributions are required to register themselves every five years.
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With reference to Foreign Contribution (Regulation) Act (FCRA), consider the following statements:1. Foreign funding of persons in India is regulated under FCRA act and is implemented by the Ministry of Finance.2. Under the Act, organisations taking foriegn contribution are required to register themselves every five years.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?
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With reference to Foreign Contribution (Regulation) Act (FCRA), consider the following statements:1. Foreign funding of persons in India is regulated under FCRA act and is implemented by the Ministry of Finance.2. Under the Act, organisations taking foriegn contribution are required to register themselves every five years.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to Foreign Contribution (Regulation) Act (FCRA), consider the following statements:1. Foreign funding of persons in India is regulated under FCRA act and is implemented by the Ministry of Finance.2. Under the Act, organisations taking foriegn contribution are required to register themselves every five years.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to Foreign Contribution (Regulation) Act (FCRA), consider the following statements:1. Foreign funding of persons in India is regulated under FCRA act and is implemented by the Ministry of Finance.2. Under the Act, organisations taking foriegn contribution are required to register themselves every five years.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?.
With reference to Foreign Contribution (Regulation) Act (FCRA), consider the following statements:1. Foreign funding of persons in India is regulated under FCRA act and is implemented by the Ministry of Finance.2. Under the Act, organisations taking foriegn contribution are required to register themselves every five years.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to Foreign Contribution (Regulation) Act (FCRA), consider the following statements:1. Foreign funding of persons in India is regulated under FCRA act and is implemented by the Ministry of Finance.2. Under the Act, organisations taking foriegn contribution are required to register themselves every five years.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to Foreign Contribution (Regulation) Act (FCRA), consider the following statements:1. Foreign funding of persons in India is regulated under FCRA act and is implemented by the Ministry of Finance.2. Under the Act, organisations taking foriegn contribution are required to register themselves every five years.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?.
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