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FCRA
FCRA
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Newsletter on daily professional updates- 29/03/2020Newsletter on daily professional updates- 29/03/2020
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FCRA

  1. FOREIGN Contribution (regulation) Amendment Act 2020 Better Compliance, transparency and accountability 67 FCRA FCRA From Aspiration to Accomplishment years The amendment will help in effective monitoring of receipt and utilization of foreign contribution Provision of Aadhar number of all key functionaries Made it mandatory to open FCRA account in SBI main Branch, in New Delhi Complete ban on transfer of foreign contribution Administrative expenditure limit reduced from 50% to 20% Accurate identification of office bearers to be ensured Eliminate the possibility of bename /fake admission and also reduction of expenditure on unproductive matters like increased salary of employees, Huge bungalows and cars. To ensure better compliance, transparency and accountability as well as adherence to declared and legitimate objectives.
  2. Mandatory for registered associations to submit relevant details of the data of change of their officials/ key office bearers through online application. The facility of voluntary surrender of foreign contribution registration was given to NGOs. It has been made mandatory for every FCRA-registered NGO/Association to submit an annual return for every financial year within a stipulated time period. Complete details of FCRA Registration, Renewal and Disposal of prior permission application (from01.06.2019-30.04.2022) S. No. Service Provided Rejected Closed 1 2 3 4 Registration 570 3766 80 4384 2821 738 291 241 56 198 11 601 Total 13,757 Nature of Cases Suspended or cancelled non-government organizations Ordered prosecution/investigation Inspection/Audit of FCRA registered association Sanction of prosecution Compounding of FCRA offense Suspended-52 | Cancelled-1816 01 201 335 04 Other Improvements 68 Renewal Prior Permission Hospitality Total Number From Aspiration to Accomplishment years
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