QUES 1. HOW NGO DIFFERNT FROM NRI ?
QUES 2. WHAT IS THE WORK OF NGO ?
QUES 3. . WHAT IS THE WORK OF NRI ?
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Answers
Answer:
1st ans: As defined in Section 2(1)(h) of FCRA, 2010, "foreign
contribution" means the donation, delivery or transfer made by any
foreign source, ─
(i) of any article, not being an article given to a person* as a gift
for his personal use, if the market value, in India, of such article,
on the date of such gift is not more than such sum** as may be
specified from time to time by the Central Government by rules made
by it in this behalf;
(ii) of any currency, whether Indian or foreign;
(iii) of any security as defined in clause (h) of section 2 of the
securities Contracts(Regulation) Act, 1956 and includes any foreign
security as defined in clause (o) of Section 2 of the Foreign Exchange
Management Act, 199
Explanation:
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