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RuleMate India

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SHORT ANSWER: Indian NGOs must comply with the Foreign Contribution (Regulation) Act, 2010 (FCRA) to receive foreign funds. DETAILS: - NGOs must register under FCRA to accept foreign contributions. - They must maintain proper accounts and submit annual returns to the Ministry of Home Affairs. - NGOs must ensure that the foreign contributions are used for the purposes specified in their registration. PUNISHMENT / IMPLICATIONS (if applicable): - Non-compliance can lead to cancellation of FCRA registration and penalties. SOURCE: - Foreign Contribution (Regulation) Act, 2010 / Ministry of Home Affairs
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