FCRA Comes into Force W.E.F 1st May 2011
Foreign Contribution Regulation Act (FCRA) 2010 has been notified and it has come into force with effect from 1/5/2011. FCRA Rules 2011 have also come into force from 1/5/2011.
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.nic.in.
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RS/KKA
(Release ID :71909)
