Rbi Master Circular

Topics: Bank, Government of India / Pages: 15 (3605 words) / Published: Aug 1st, 2012
Date: Jul 02, 2012
Guidelines issued under Section 36(1)(a) of the Banking Regulation Act, 1949 - Implementation of the provisions of Foreign Contribution (Regulation) Act, 2010
RBI/2012-13/44
DBOD.AML.BC.No.12/14.08.001/ 2012-13
July 2, 2012
Ashadha 11, 1934 (Saka)
The Chairmen/Chief Executive Officers of
All Scheduled Commercial Banks (excluding RRBs)
Dear Sir,
Guidelines issued under Section 36(1)(a) of the Banking Regulation Act, 1949 -
Implementation of the provisions of Foreign Contribution (Regulation) Act, 2010
Please refer to our Master Circular DBOD.AML.BC No.1/14.08.001/2010–11 dated July 01, 2010 consolidating instructions/ guidelines issued to banks on Foreign Contribution (Regulation) Act, 1976 – Obligations of Banks in Regulating Receipt of Foreign Contributions by Associations / Organizations in India.
2. With the coming into force of Foreign Contribution (Regulation) Act, 2010 and Foreign Contribution (Regulation) Rules, 2011, Foreign Contribution (Regulation) Act, 1976 stands repealed.
3. This Master Circular is a consolidation of the Reserve Bank’s guidance on Foreign Contribution (Regulation) Act, 2010 and Foreign Contribution (Regulation) Rules, 2011 issued to banks up to June 30, 2012.
4. The Master Circular has been placed on RBI website: http://www.rbi.org.in
Yours faithfully,
(Sudha Damodar)
Chief General Manager
________________________________________
Master Circular on Implementation of the Provisions of
Foreign Contribution (Regulation) Act, 2010
1 General

2 Guidelines

3 Salient Features of the FCRA, 2010

3.1 Introduction

3.2 Prohibition on Acceptance of Foreign Contribution

3.3 Restrictions on Acceptance of Foreign Hospitality

3.5 Registration for Acceptance of Foreign Contribution

3.6 Prohibitions and Restrictions on Receipt, Transfer, Utilization etc. of Foreign Contribution

3.7 Foreign Contribution to be Received through a Scheduled Bank

3.8 Maintenance of Accounts and Disposal of

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