A Article – except gift for personal use upto 1 lakh

Restriction on
Foreign Foreign C Currency – whether Indian or foreign
Hospitality Contribution
(Sec. 6) S Security

Prohibited to accept Registration with CG

Prior permission of CG is
FC (Sec. 11)
required
(Sec. 3)

(Sec. 7)
• Member of Legislature Persons having cultural, Conditions (Sec. 12) Procedure
• Member of
• Office bearer of Political economic, educational, religious Not to transfer FC to any other
Legislature
parties or social programme • Not fictitious • Open A/C with SBI (Sansad Marg person
• Office bearer of Branch, New Delhi)
• Judges • Not Prosecuted for conversion of religious faith
Political parties
• Govt. servants • Not Prosecuted for communal tension • Application to CG
• Judges • Not engaged in sedition
• Govt. servants • Employees of PSU • If application is proper, CG to
Registration • Not guilty for diversion of funds
• Political party approve it within 90 days (Sec. 8)
• Employees of PSU • Not likely to use FC for personal gains
• Organisation of political (3 years’ experience & spent • Not contravened this Act • Prior permission is valid for the  Not to use FC for any other
nature 15 lakh for society) • Not prohibited – sec. 3 specific purpose or amount purpose
or • Not convicted or no pending prosecution
Exception • Persons associated with
• Registration is valid for 5 years Not to use FC for speculative
newspapers Prior Permission 
• Acceptance of FC not likely to prejudice  to be renewed within 6 purpose like investment in shares
• Radio or TV companies or
(Reasonable project for integrity of India, public interest, national months before expiry  if or mutual funds
intimation to CG persons associated with sufficient cause, can be renewed
society) interest, harmony etc.
within 1 month, for them
• Acceptance of FC shall not lead to incitement within 1 year of expiry  For using > 20% of FC towards
emergent medical of offence or not endanger safety of any • CG to renew within 90 days administrative expenses, prior
aid of > 1 lakh Exception (Sec. 4) person which is also valid for 5 years approval of CG is required

• Salary
• Business
Surrender (Sec. 14A) Cancellation (Sec. 14) Suspension (Sec. 13)
• Commission
• Gift CG may cancel the certificate if – Pending consideration of
• Relative (if > 10 CG may permit any person to
• False information in application for registration cancellation, CG may suspend
lakh, intimate CG surrender the certificate
• Violation of terms of registration registration for 180 + 180 days
within 3 months)
• Violated provisions of Act effect
• Scholarship
• Necessary in public interest
• Official channel • Not receive FC
• No activity for benefit of society for 2 years
• Only 25% of FC in custody
FC to be managed by No registration or prior permission for next can be utilised after CG’s
concerned bank 3 years approval
CA Harsh Gupta