The Foreign Contribution (Regulation) Act, 2010

The Foreign Contribution (Regulation) Act, 2010 was enacted to regulate the acceptance and utilization of foreign contributions by individuals, associations, and companies in India. The act lays down the rules and procedures for accepting foreign contributions and requires individuals, associations, and companies to register with the central government before accepting such contributions. The act defines the term 'foreign contribution' and specifies the categories of persons who are prohibited from accepting foreign contributions. The act also lays down penalties for contravention of its provisions.