With reference to Foreign Contribution (Regulation) Act, 2010 (FCRA), consider the following statements.
- Any NGO intending to receive foreign funds must obtain registration under FCRA or prior permission from the Ministry of Home Affairs.
- FCRA funds can be used freely for political activities by registered NGOs.
- The FCRA registration is valid for five years and is subject to renewal.
Which of the above statements is/are correct?