CS Executive · Economic, Commercial and Intellectual Property Laws · Law relating to Foreign Contribution Regulation
Under the FCRA, 2010, a certificate of registration granted to Navjyoti Society and a prior permission granted to Sahyog Trust differ in their validity. Which statement is correct?
The certificate of registration is valid for five years. Prior permission has no fixed term; it is valid for the specific purpose or specific amount of foreign contribution proposed to be received, as stated in the Act.
- ABoth are valid for five years
- BThe certificate is valid for five years; the prior permission is valid for the specific purpose or specific amount of foreign contribution proposed to be receivedCorrect
- CThe certificate is valid for ten years; the prior permission for five years
- DThe certificate is valid until cancelled; the prior permission is valid for one year
Explanation
Section 12(6) states that the certificate is valid for five years. Prior permission is valid for the specific purpose or specific amount proposed to be received. Option A wrongly gives prior permission a fixed five-year term.
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