The Foreign Contribution (Regulation) Act, 1976

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The Foreign Contribution (Regulation) Act, 1976

THE FOREIGN CONTRIBUTION (REGULATION) ACT, 1976 ACT NO. 49 OF 1976

[31st March, 1976.]

An Act to regulate the acceptance and utilisation of foreign contribu-

tion or foreign hospitality by certain persons or associations, with a view to ensuring that parliamentary institutions, political associations and academic and other voluntary organisations as well as individuals working in the important areas of national life may function in a manner consistent with the values of a sovereign democratic republic, and for matters Connected therewith or incidental thereto.

BE it enacted by Parliament in the Twenty-seventh Year of the, Republic of India as follows: -

CHAP

PRELIMINARY

CHAPTER I

PRELIMINARY

Short title, extent, application and commencement.

1. Short title, extent, application and commencement. (1) This Act may be called the Foreign Contribution (Regulation) Act, 1976.

(2) It extends to the whole of India, and it shall also apply to-

(a) citizens of India outside India; and (b) associates, branches or subsidiaries, outside India, of companies or bodies corporate, registered or incorporated in India.

115 Law-39.

306 (3) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.

Definitions.

2. Definitions. (1) In this Act, unless the context otherwise requires,-

(a) " association" means an association of individuals, whether incorporated or not, having an office in India and includes a society, whether registered under the Societies Registration Act, 1860, (21 of 1860.) or not, and any other Organisation, by whatever name called;

(b) "candidate for election" means a person who has 'been duly nominated as a candidate for election to any Legislature;

(i) of any article, not being an article given to a person as a gift for his personal use, if the market value, in India, of such article, on the date of such gift, does not exceed one thousand rupees;

(ii) of any currency, whether I...

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