CS Executive · Economic, Commercial and Intellectual Property Laws · Law relating to Foreign Contribution Regulation
Meera, resident in India, accepts currency from a foreign source on behalf of a political party. Which provision of the FCRA, 2010 does her act contravene?
Meera contravenes section 3(2)(a). That provision bars any person resident in India from accepting foreign contribution, or acquiring currency from a foreign source, on behalf of a political party or any person listed in section 3(1), even when she is only an intermediary.
- ASection 3(2)(a), which bars a resident in India from accepting foreign contribution on behalf of a political party or listed personsCorrect
- BSection 22, which deals with disposal of assets of defunct persons
- CSection 24, which deals with seizure of accounts
- DSection 38, which applies only to first-time offenders
Explanation
Section 3(2)(a) says no person resident in India shall accept foreign contribution, or acquire currency from a foreign source, on behalf of a political party or any person in section 3(1). Sections 22 and 24 deal with asset disposal and seizure of records, and section 38 applies after repeat conviction.
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