Receipt of Foreign Contributions by Associations/Organisations in India under Foreign Contribution (Regulation) Act, 1976 - ആർബിഐ - Reserve Bank of India

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Receipt of Foreign Contributions by
Associations/Organisations in India
under Foreign Contribution (Regulation) Act, 1976

DBOD.No.BP.BC. 92 /21.01.023/2000-1

March 22 , 2001

All Commercial Banks
(Excluding RRBs)

Receipt of Foreign Contributions by
Associations/Organisations in India
under Foreign Contribution (Regulation) Act, 1976

Please refer to our circular DBOD.No.BP.BC.74/21.01.023/2000-01 dated February 1, 2001, advising banks the exemption granted by Government of India, Ministry of Home Affairs, with immediate effect and upto 31st March 2001 to all associations/organisations (other than a political party) having a definite cultural, economic, educational, religious or social programme from the provisions of section 6(1-A) of the Foreign Contribution Regulation Act, 1976, to accept foreign contribution for providing relief to the earthquake victims of Gujarat without obtaining a formal approval of the Central Government subject to certain conditions mentioned therein.

2 . In order to enable Ministry of Home Affairs, Government of India, to assess the situation and keep a special watch on receipt and utilisation of foreign contribution received for providing relief to quake victims in different parts of Gujarat, the Government has desired that all commercial banks should instruct their branches to furnish a monthly report in respect of funds received by various organisations for the above purpose.

3. The monthly reports may be sent to Under Secretary, Government of India, Ministry of Home Affairs, Foreigner’s Division, FCRA-I, New Delhi directly.

Yours faithfully,

(B. Mahapatra)
General Manager

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