What acts regulate foreign grants to Indian government research institutions?
Which acts or provisions regulate foreign grants to Indian government institutions for research in science?
Dear Client, Foreign grants to Indian Government Institutions are primarily regulated by the Foreign Contribution (Regulation) Act, 2010 (FCRA). Foreign Exchange Management Act, 1999 (FEMA) comes into picture where foreign exchange transactions are involved. Government research institutions must also comply with their own governing statues, finance rules and conditions attached to it. The exact regulatory requirement for different institutions depend on its nature and the source of funding. Please reach out to us for further queries. Thank you.
Foreign grants to Indian government institutions are regulated by the Foreign Contribution (Regulation) Act, 2010 (FCRA). This act ensures that foreign funds received for scientific research are used for the intended purpose and follow proper reporting and compliance procedures. You can consult a lawyer to ensure compliance with this act. For further legal assistance contact us on our helpline number.
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