(1) Every person, who is registered and granted a certificate or given prior permission under this Act and receives any foreign contribution,-
(a) shall utilise such contribution for the purposes for which the contribution has been received:
Provided that any foreign contribution or any income arising out of it shall not be used for speculative business:
Provided further that the Central Government shall, by rules, specify the activities or business which shall be construed as speculative business for the purpose of this section;
(b) shall not defray as far as possible such sum, not exceeding fifty per cent. of such contribution, received in a financial year, to meet administrative expenses:
Provided that administrative expenses exceeding fifty per cent. of such contribution may be defrayed with prior approval of the Central Government.
(2) The Central Government may prescribe the elements which shall be included in the administrative expenses and the manner in which the administrative expenses referred to in sub-section (1) shall be calculated.
Foreign Contribution Regulation Act 2010
Section 3 Prohibition to accept foreign contribution
Section 4 Persons to whom section 3 shall not apply
Section 5 Procedure to notify an organisation of a political nature
Section 6 Restriction on acceptance of foreign hospitality
Section 7 Prohibition to transfer foreign contribution to other person
Section 8 Restriction to utilise foreign contribution for administrative purpose
Section 10 Power to prohibit payment of currency received in contravention of the Act
Section 11 Registration of certain persons with Central Government
Section 12 Grant of certificate of registration
Section 13 Suspension of certificate
Section 14 Cancellation of certificate
Section 15 Management of foreign contribution of person whose certificate has been cancelled