Foreign Contribution (Regulation) Act, 2010
Section - 8 - Restriction to utilize foreign contribution for administrative purpose
Restriction to utilize foreign contribution for administrative purpose.8. (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 [twenty per cent.] of such contribution, received in a financial year, to meet administrative expenses : |
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