ZipLaw
FCRA Section 18
Default readable text
The Foreign Contribution (Regulation) Act, 2010

Section 18 Intimation

Chapter
IV · Accounts, Intimation, Audit and Disposal of Assets, etc.
(1) Every personDefined in section 2(m): person includes— (i) an individual; (ii) a Hindu undivided family; (iii) an association; (iv) a company registered under section 25 of the Companies Act, 1956 (1 of 1956) who has been granted a certificateDefined in section 2(e): certificate means certificate of registration granted under sub section (3) of section 12 or given prior approval under this Act shall give, within such time and in such manner as may be prescribedDefined in section 2(o): prescribed means prescribed by rules made under this Act, an intimation to the Central Government, and such other authority as may be specified by the Central Government, as to the amount of each foreign contributionDefined in section 2(h): foreign contribution means the donation, delivery or transfer made by any foreign source,— (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, is not more than such sum as may be specified from time to ... received by it, the source from which and the manner in which such foreign contributionDefined in section 2(h): foreign contribution means the donation, delivery or transfer made by any foreign source,— (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, is not more than such sum as may be specified from time to ... was received, and the purposes for which, and the manner in which such foreign contributionDefined in section 2(h): foreign contribution means the donation, delivery or transfer made by any foreign source,— (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, is not more than such sum as may be specified from time to ... was utilised by him.
(2) Every personDefined in section 2(m): person includes— (i) an individual; (ii) a Hindu undivided family; (iii) an association; (iv) a company registered under section 25 of the Companies Act, 1956 (1 of 1956) receiving foreign contributionDefined in section 2(h): foreign contribution means the donation, delivery or transfer made by any foreign source,— (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, is not more than such sum as may be specified from time to ... shall submit a copy of a statement indicating therein the particulars of foreign contributionDefined in section 2(h): foreign contribution means the donation, delivery or transfer made by any foreign source,— (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, is not more than such sum as may be specified from time to ... received duly certified by officer of the bankDefined in section 2(c): bank means a banking company as referred to in clause (c) of section 5 of the Banking Regulation Act, 1949 (10 of 1949) or authorised person in foreign exchangeDefined in section 2(b): authorised person in foreign exchange means an authorised person referred to in clause (c) of section 2 of the Foreign Exchange Management Act, 1999 (42 of 1999) and furnish the same to the Central Government along with the intimation under sub-section (1).