Restriction to utilize foreign contribution for administrative purpose :
Section – 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 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.