article, currency or foreign security referred to in this clause by any person who has received it form any foreign source, either directly or through one or more persons, shall also be deemed to be foreign contribution with the meaning of this clause. Explanation 2 ‒ The interest accrued on the foreign contribution deposited in any bank referred to in sub-section (1) of Section 17 or any other income derived from the foreign contribution or interest thereon shall also be deemed to be foreign contribution within the meaning of this clause. Explanation 3 ‒ Any amount received, by a person from any foreign source outside India, by way of fee (including fees charged by an educational institution in India from foreign student) or towards cost in lieu of goods or services rendered by such person in the ordinary course of his business, trade or commerce whether within India or outside India or any contribution received from an agent or a foreign source towards such fee or cost shall be excluded from the definition of foreign contribution within the meaning of this clause. * In terms of FCRA, 2010 "person" includes ‒ (i) An individual; (ii) A Hindu undivided family; (iii) An association; (iv) ) A company registered under section 25 of the Companies Act, 1956 (now Section 8 of Companies Act, 2013). See also Law of India References External links Reserve Bank of India FEMA website FEMA from the Finance Ministry NRIs can now open joint accounts with resident Indian Indian business law Vajpayee administration Acts of the Parliament of India 1999 Foreign trade of India Economic history of India (1947–present) Financial history of India 1999 in Indian economy