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Consider the following statements regarding Foreign Contribution (Regulation) Act.
- The law was enacted during the Economic Reforms in 1991.
- The Act prohibits receipt of foreign funds by candidates for elections, journalists and media broadcast companies and organisations of a political nature.
- Once granted, FCRA registration is valid for one year and NGOs have to apply for renewal before the expiry of registration.
Which of the above statements is/are correct?
- a)2 only
- b)1, 2
- c)2, 3
- d)1, 3
Correct answer is option 'A'. Can you explain this answer?
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Most Upvoted Answer
Consider the following statements regarding Foreign Contribution (Regu...
Foreign Contribution (Regulation) Act
The Foreign Contribution (Regulation) Act (FCRA) is a law enacted in India to regulate the acceptance and utilization of foreign contributions or funds by individuals, associations, and companies. It was enacted in 2010 and has been amended several times since then.
Statement 1: The law was enacted during the Economic Reforms in 1991.
This statement is incorrect. The FCRA was enacted in 2010, not during the Economic Reforms in 1991. The law was introduced to regulate the receipt and utilization of foreign contributions, and it replaced the earlier FCRA of 1976.
Statement 2: The Act prohibits receipt of foreign funds by candidates for elections, journalists and media broadcast companies and organisations of a political nature.
This statement is correct. The FCRA prohibits candidates for elections, journalists, media broadcast companies, and organizations of a political nature from receiving foreign funds. The aim is to prevent foreign interference in the political process and maintain the integrity of elections and media organizations.
Statement 3: Once granted, FCRA registration is valid for one year and NGOs have to apply for renewal before the expiry of registration.
This statement is incorrect. Once granted, FCRA registration is valid for a period of five years, not one year. NGOs are required to apply for renewal within six months before the expiry of their registration to ensure continuity of their foreign funding.
Therefore, the correct statements are:
2. The Act prohibits receipt of foreign funds by candidates for elections, journalists and media broadcast companies, and organisations of a political nature.
The Foreign Contribution (Regulation) Act (FCRA) is a law enacted in India to regulate the acceptance and utilization of foreign contributions or funds by individuals, associations, and companies. It was enacted in 2010 and has been amended several times since then.
Statement 1: The law was enacted during the Economic Reforms in 1991.
This statement is incorrect. The FCRA was enacted in 2010, not during the Economic Reforms in 1991. The law was introduced to regulate the receipt and utilization of foreign contributions, and it replaced the earlier FCRA of 1976.
Statement 2: The Act prohibits receipt of foreign funds by candidates for elections, journalists and media broadcast companies and organisations of a political nature.
This statement is correct. The FCRA prohibits candidates for elections, journalists, media broadcast companies, and organizations of a political nature from receiving foreign funds. The aim is to prevent foreign interference in the political process and maintain the integrity of elections and media organizations.
Statement 3: Once granted, FCRA registration is valid for one year and NGOs have to apply for renewal before the expiry of registration.
This statement is incorrect. Once granted, FCRA registration is valid for a period of five years, not one year. NGOs are required to apply for renewal within six months before the expiry of their registration to ensure continuity of their foreign funding.
Therefore, the correct statements are:
2. The Act prohibits receipt of foreign funds by candidates for elections, journalists and media broadcast companies, and organisations of a political nature.
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Consider the following statements regarding Foreign Contribution (Regu...
FCRA seeks to “regulate the acceptance and utilisation of foreign contribution or foreign hospitality by certain individuals or associations or companies and to prohibit [such] acceptance and utilisation…for any activities detrimental to the national interest…”
The law was enacted during the Emergency in 1976.
FCRA requires every person or NGO wishing to receive foreign donations to be registered under the Act, to open a bank account for the receipt of the foreign funds in State Bank of India, Delhi, and to utilise those funds only for the purpose for which they have been received, and as stipulated in the Act.
They are also required to file annual returns, and they must not transfer the funds to another NGO.
The Act prohibits receipt of foreign funds by candidates for elections, journalists or newspaper and media broadcast companies, judges and government servants, members of legislature and political parties or their office-bearers, and organisations of a political nature.
FCRA registrations are granted to individuals or associations that have definite cultural, economic, educational, religious, and social programmes.
Following the application, the MHA makes inquiries through the Intelligence Bureau into the antecedents of the applicant, and accordingly processes the application. The MHA is required to approve or reject the application within 90 days — failing which it is expected to inform the NGO of the reasons for the same.
Once granted, FCRA registration is valid for five years. NGOs are expected to apply for renewal within six months of the date of expiry of registration. In case of failure to apply for renewal, the registration is deemed to have expired.
The government reserves the right to cancel the FCRA registration of any NGO if it finds it to be in violation of the Act. Registration can be cancelled for a range of reasons including, if “in the opinion of the Central Government, it is necessary in the public interest to cancel the certificate”. Once the registration of an NGO is cancelled, it is not eligible for re-registration for three years. All orders of the government can be challenged in the High Court.
The law was enacted during the Emergency in 1976.
FCRA requires every person or NGO wishing to receive foreign donations to be registered under the Act, to open a bank account for the receipt of the foreign funds in State Bank of India, Delhi, and to utilise those funds only for the purpose for which they have been received, and as stipulated in the Act.
They are also required to file annual returns, and they must not transfer the funds to another NGO.
The Act prohibits receipt of foreign funds by candidates for elections, journalists or newspaper and media broadcast companies, judges and government servants, members of legislature and political parties or their office-bearers, and organisations of a political nature.
FCRA registrations are granted to individuals or associations that have definite cultural, economic, educational, religious, and social programmes.
Following the application, the MHA makes inquiries through the Intelligence Bureau into the antecedents of the applicant, and accordingly processes the application. The MHA is required to approve or reject the application within 90 days — failing which it is expected to inform the NGO of the reasons for the same.
Once granted, FCRA registration is valid for five years. NGOs are expected to apply for renewal within six months of the date of expiry of registration. In case of failure to apply for renewal, the registration is deemed to have expired.
The government reserves the right to cancel the FCRA registration of any NGO if it finds it to be in violation of the Act. Registration can be cancelled for a range of reasons including, if “in the opinion of the Central Government, it is necessary in the public interest to cancel the certificate”. Once the registration of an NGO is cancelled, it is not eligible for re-registration for three years. All orders of the government can be challenged in the High Court.
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Consider the following statements regarding Foreign Contribution (Regulation) Act. The law was enacted during the Economic Reforms in 1991. The Act prohibits receipt of foreign funds by candidates for elections, journalists and media broadcast companies and organisations of a political nature. Once granted, FCRA registration is valid for one year and NGOs have to apply for renewal before the expiry of registration.Which of the above statements is/are correct?a)2 onlyb)1, 2c)2, 3d)1, 3Correct answer is option 'A'. Can you explain this answer?
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Consider the following statements regarding Foreign Contribution (Regulation) Act. The law was enacted during the Economic Reforms in 1991. The Act prohibits receipt of foreign funds by candidates for elections, journalists and media broadcast companies and organisations of a political nature. Once granted, FCRA registration is valid for one year and NGOs have to apply for renewal before the expiry of registration.Which of the above statements is/are correct?a)2 onlyb)1, 2c)2, 3d)1, 3Correct answer is option 'A'. 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 Consider the following statements regarding Foreign Contribution (Regulation) Act. The law was enacted during the Economic Reforms in 1991. The Act prohibits receipt of foreign funds by candidates for elections, journalists and media broadcast companies and organisations of a political nature. Once granted, FCRA registration is valid for one year and NGOs have to apply for renewal before the expiry of registration.Which of the above statements is/are correct?a)2 onlyb)1, 2c)2, 3d)1, 3Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding Foreign Contribution (Regulation) Act. The law was enacted during the Economic Reforms in 1991. The Act prohibits receipt of foreign funds by candidates for elections, journalists and media broadcast companies and organisations of a political nature. Once granted, FCRA registration is valid for one year and NGOs have to apply for renewal before the expiry of registration.Which of the above statements is/are correct?a)2 onlyb)1, 2c)2, 3d)1, 3Correct answer is option 'A'. Can you explain this answer?.
Consider the following statements regarding Foreign Contribution (Regulation) Act. The law was enacted during the Economic Reforms in 1991. The Act prohibits receipt of foreign funds by candidates for elections, journalists and media broadcast companies and organisations of a political nature. Once granted, FCRA registration is valid for one year and NGOs have to apply for renewal before the expiry of registration.Which of the above statements is/are correct?a)2 onlyb)1, 2c)2, 3d)1, 3Correct answer is option 'A'. 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 Consider the following statements regarding Foreign Contribution (Regulation) Act. The law was enacted during the Economic Reforms in 1991. The Act prohibits receipt of foreign funds by candidates for elections, journalists and media broadcast companies and organisations of a political nature. Once granted, FCRA registration is valid for one year and NGOs have to apply for renewal before the expiry of registration.Which of the above statements is/are correct?a)2 onlyb)1, 2c)2, 3d)1, 3Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding Foreign Contribution (Regulation) Act. The law was enacted during the Economic Reforms in 1991. The Act prohibits receipt of foreign funds by candidates for elections, journalists and media broadcast companies and organisations of a political nature. Once granted, FCRA registration is valid for one year and NGOs have to apply for renewal before the expiry of registration.Which of the above statements is/are correct?a)2 onlyb)1, 2c)2, 3d)1, 3Correct answer is option 'A'. Can you explain this answer?.
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