New Government Policy Pertains to 
Foreign Funds

 

II/210221/11(4)/2001-FCRAI
Government of India
Ministry of Home Affairs
Foreigners Division
Lok Nayak Bhavan
Khan Market,
New Delhi 110003
Dated the 1st February 2001.
ORDER
Where as no association having a definite cultural, economic, educational,
religious or social Programme shall accept foreign contribution unless such
association registers itself with the Central Government of obtains the
prior permission of the Central Government under section 6 to the Foreign
Contribution (Regulation) Act, 1976. Herewith referred to as the “ACT”.

Where as in the aftermath of the severe earthquake in parts of Gujarat, a
number of foreign sources have expressed a desire to send contributions in
cash and kind, to various agencies working in the State and in other parts
of the country to assist the victims of the earthquake.

Where as the immediate arrival of this assistance is of paramount importance
to provide account for the quake victims and it is in the public interest to
dispense with the procedure proscribed for the acceptance of foreign
contribution in the said Act, as a special case.

Now, There fore, in exercise of the powers conferred by section 3(of the
said Act, the Central Government hereby exempts, with immediate effect and
up to 31st March, 2001, all association (other than a political party)
having a definite cult rural, economic, educational, religious or social
Programme, from the provisions of section 6(1-A) of the Act to accept
foreign contribution, in cash and kind for providing relief to the following
conditions: -
(i) Each such association would open a new bank account for this purpose;
(ii) The said account would be designated as the “Gujarat Earthquake Relief
Account”;
(iii) The association would receive foreign contribution only in the said
designated bank account;
(iv) The association would maintain a separate set of accounts and records
in respect of the foreign contribution received in the said designated bank
account;
(v) The association would submit its particulars in Form FC-1A to the
Foreigners Division of the Ministry of Home Affairs within one week of the
opening of the said designated bank account;
(vi) The associatation would make an intimation regarding receipt of foreign
contribution in Form FC-3 and in form FC-6 in respect of articles, duly
certified by a Chartered Accountant, within 4 months of the closure of the
year to the Foreignes Division of the Ministry of Home Affairs in the manner
prescribed in the Foreign Contribution (Regulation) Rules, 1976.
–Sd-
(Sanjiv Datta)
Director (FC)


OM
Hari Om. Om Namo Narayanaya, Loving Pranayam.
This is wonderful SEVA of Sri Mukesh Patel of Ahmedabad Management
Association to the earthquake victims.
In another 24 Hrs. we will be in position to inform you our Fresh A/c. No.
Specifically for Earthquake Victims and for foreign donation Please.
Glory to God –Gurudev Hari Om.
Sevak
Swami Adhyatmananda

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