Foreign Contribution Regulation Act (FCRA) 2010 has been notified and it has come into force with effect from 1/5/2011. FCR Rules 2011 have also come into force from 1/5/2011.
Key features of FCRA 2010 include the following:
Key features of FCRA 2010 include the following:
- Concept of ‘permanent’ registration done away with; A five-year registration is provided so that dorman organisations do not continue. All existing registered organisations are deemed to be on a five-year validity from now.
- ‘person’ has been defined in a broader sense
- ‘Organisations of political nature’ cannot receive foreign funds.
- Ceiling on administrative expenses has been prescribed.
- Procedure for suspension and cancellation of registration has been Prescribed.
- Statutory role provided for banking sector in regulation.
- Time limits have been provided for accountability of officials
To deal with bona fide mistakes of NGOs, provision has been made for 'compounding' of offences.
Details are available on Ministry of Home Affairs website-mha.gove.in.
Courtesy : PIB
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