Restriction to utilize foreign contribution for administrative purpose [ Section 8 ]

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....ll utilise such contribution for the purposes for which the contribution has been received: * Any foreign contribution or any income arising out of it shall not be used for speculative business: * The Central Governments shall, by rules, specify the activities or business which shall be construed as speculative business for the purpose of this section; * * * Speculative Activity Define....

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....dministrative expenses: * Prior approval from Central government for defrayed if administrative expenses exceeding 20%. of such contribution may be defrayed with prior approval of the Central Government. * As Per Section 8(2) of FCRA Act 2010, the Central Government has prescribe in the rule 5 of FC(R) Rules 2011, the elements which shall be included in the administrative expenses and the mann....

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.... Committee or Governing Council and expenditure on office equipment; * (iv) cost of accounting for and administering funds; * (v) expenses towards running and maintenance of vehicles; * (vi) cost of writing and filing reports; * (vii) legal and professional charges; and * (viii) rent of premises, repairs to premises and expenses on other utilities: * Excludes * (i) The expenditure i....