The object of the Foreign Contribution (Regulation) Act, 2010 is to legalise foreign donations and hospitality to office bearers of political parties. Comment.

CS Executive · Economic, Business and Commercial Laws · PYQS · December 2018
The object of the Foreign Contribution (Regulation) Act, 2010 is to legalise foreign donations and hospitality to office bearers of political parties. Comment.

Answer & Explanation:

The statement, 'the object of the Foreign Contribution (Regulation) Act, 2010 is to legalise foreign donations and hospitality to office bearers of political parties' is incorrect . The actual object of the Foreign Contribution (Regulation) Act, 2010 (FCRA, 2010) is to regulate the acceptance and utilisation of foreign contribution or foreign hospitality by certain individuals or associations or companies and to prohibit acceptance and utilisation of foreign contribution or foreign hospitality for any activities detrimental to the national interest and for matters connected therewith or incidental thereto. Section 3 of the FCRA, 2010, imposes restrictions on the acceptance of foreign contribution by the following persons/entities: Candidate for election; Correspondent, columnist, cartoonist, editor, owner, printer or publisher of a registered newspaper; Judge, Government servant or employee of any corporation or any other body controlled or owned by the Government; Member of any Legislature; Political party or office-bearer thereof; Organisation of a political nature as may be specified by the Central Government; Association or company engaged in the production or broadcast of audio news or audio visual news or current affairs programmes through any electronic mode, or any other electronic form.

Topics: Foreign Contribution (Regulation) Act, 2010

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