Rule 14A Utilisation of foreign contribution for reasonable activity
- Chapter
- I · Rules
1Ins. by S.O. 3272(E), dated 22nd June, 2026 (Foreign Contribution (Regulation) Amendment Rules, 2026).For the purposes of cancellation under section 14 and renewal under section 16, an association shall be deemed to have undertaken reasonable activity in its chosen field for the benefit of society if it has utilised foreign contribution of not less than ten lakh rupees in the last two financial years for such purpose.
1Ins. by S.O. 3272(E), dated 22nd June, 2026 (Foreign Contribution (Regulation) Amendment Rules, 2026).Explanation.—The expression "reasonable activity" shall be deemed to include only such activity as is undertaken out of, or by utilising, foreign contribution received in accordance with the ActDefined in rule 2(a): Act means the Foreign Contribution (Regulation) Act 2010; 1[(aa) bank account means a bank account in a core banking compliant bank, which is integrated with the Public Financial Management System (PFMS)].
1. Ins. by S.O. 3272(E), dated 22nd June, 2026 (Foreign Contribution (Regulation) Amendment Rules, 2026).