A presentation made to comprehend the compliances applicable to NGOs under the Foreign Contribution (Regulation) Act, 2010 {FCRA} and the nuances to be considered.
A Ngo is relevant to get subsidizes from abroad assuming that it has a international funding registration declaration.
Administration of India and outside subsidizing organizations discharges a considerable measure of trusts for the welfare of the underprivileged area of the social order. Then again, such trusts are not legitimately used by a number of such conglomeration. UNO keeps tabs on offering gives to that conglomeration who has done exceptional work in elevating the poor area of the social order. In this way, the right outlook to getting legitimate finances is to channelize your vigor in working for the social order. Assuming that you would like to know how to get a FCRA endorsement, you can counsel us.
FCRA provisions are essential for keeping the regulations on the NGO. The Foreign Contribution Regulation Act is a consolidating act. The Foreign Contribution Regulation Act scope is to regulate the acceptance and utilization of foreign contribution or foreign hospitality by certain individuals or associations or companies. It is also important to note that Foreign Contribution Regulation Act prohibit acceptance and utilization of foreign contribution or foreign hospitality for any activities detrimental to the national interest and for matters connected therewith or incidental thereto.
Foreign Contribution Regulation Act 2010 power point presentation (ppt slide) by Shalini Singh, BY- SHALINI SINGH, BSC LLB(HONS), GUJARAT NATIONAL LAW UNIVERSITY, during Internship at Biz and Legis Law Firm.
An Act to consolidate the law to regulate the acceptance and
utilisation of foreign contribution or foreign hospitality by certain
individuals or associations or companies and to prohibit
acceptance and utilisation of foreign contribution or foreign
hospitality for any activities detrimental to the national interest
and for matters connected therewith or incidental thereto
A Ngo is relevant to get subsidizes from abroad assuming that it has a international funding registration declaration.
Administration of India and outside subsidizing organizations discharges a considerable measure of trusts for the welfare of the underprivileged area of the social order. Then again, such trusts are not legitimately used by a number of such conglomeration. UNO keeps tabs on offering gives to that conglomeration who has done exceptional work in elevating the poor area of the social order. In this way, the right outlook to getting legitimate finances is to channelize your vigor in working for the social order. Assuming that you would like to know how to get a FCRA endorsement, you can counsel us.
FCRA provisions are essential for keeping the regulations on the NGO. The Foreign Contribution Regulation Act is a consolidating act. The Foreign Contribution Regulation Act scope is to regulate the acceptance and utilization of foreign contribution or foreign hospitality by certain individuals or associations or companies. It is also important to note that Foreign Contribution Regulation Act prohibit acceptance and utilization of foreign contribution or foreign hospitality for any activities detrimental to the national interest and for matters connected therewith or incidental thereto.
Foreign Contribution Regulation Act 2010 power point presentation (ppt slide) by Shalini Singh, BY- SHALINI SINGH, BSC LLB(HONS), GUJARAT NATIONAL LAW UNIVERSITY, during Internship at Biz and Legis Law Firm.
An Act to consolidate the law to regulate the acceptance and
utilisation of foreign contribution or foreign hospitality by certain
individuals or associations or companies and to prohibit
acceptance and utilisation of foreign contribution or foreign
hospitality for any activities detrimental to the national interest
and for matters connected therewith or incidental thereto
The presentation focuses on the Foreign Contribution (Regulation ) Act, 2010, while also covering various Compliances and Reporting Timelines for the Not for Profit Sector under Maharashtra Public Trusts Act, 1950, Lokpal and Lokayuktas Act, 2013 and Income Tax Act, 1961. It also explores the various ways in which an NGO can be established in India with comparison between the same. Lastly, it subsumes the developments in the ambit of Not for profit Organizations including NITI Aayog’s NGO Darpan through which NGOs can apply for Government Grants.
Synopsis:
Introduction and Applicability
Objective
Important Definitions
Prohibition to accept foreign contribution
Non-applicability
Registration
Grant of certificate, suspension, cancellation and renewal of certificate
Maintenance of accounts and Audit of accounts
Offences and Penalties
Miscellaneous Provisions
Reporting in various forms under the Act
Taxation of Charitable Trust. Article was published in the Chamber's Journal of June '16. It analyses various provisions of income-tax appliable to NPO /NGO ?Charitable Trust
Significant FCRA Amendments: What they are and How they affect you !!Suhel Goel
This document summarizes the various amendments brought about through the Foreign Contribution (Regulation) Amendment Rules, 2015 under the FCRA Laws applicable to Foreign Grants received in India by NGOs and other entities.
OBJECTIVE
Companies in Singapore are governed by the laws of Companies Act (the Act), originally enacted in 1967 and which has undergone significant amendments in 2014 and 2017. The Accounting and Corporate Regulatory Authority (ACRA) is the national regulator of business entities and corporate service providers in Singapore. A foreign company may carry on business in Singapore by transferring that Company’s registration from foreign country to Singapore or by registering the branch of the foreign Company in Singapore. In this webinar, transfer of registration of foreign corporate entity to Singapore is covered. The provisions of Transfer of Registration are governed by Part XA of the Act read with Companies (Transfer of Registration) Regulations 2017.
A Presentation introducing the various ways of setting up an NGO, explicating the compliances and reporting under various acts along with their timelines. It also elucidates the recent amendments in the Foreign Contribution ( Regulation) Act, 2010 along, discusses the Finance Bill 2017 and Lokpal and Lokayuktas Act along with establishing an enhanced accounting and taxation outlook for the not for profit sector.
The presentation focuses on the Foreign Contribution (Regulation ) Act, 2010, while also covering various Compliances and Reporting Timelines for the Not for Profit Sector under Maharashtra Public Trusts Act, 1950, Lokpal and Lokayuktas Act, 2013 and Income Tax Act, 1961. It also explores the various ways in which an NGO can be established in India with comparison between the same. Lastly, it subsumes the developments in the ambit of Not for profit Organizations including NITI Aayog’s NGO Darpan through which NGOs can apply for Government Grants.
Synopsis:
Introduction and Applicability
Objective
Important Definitions
Prohibition to accept foreign contribution
Non-applicability
Registration
Grant of certificate, suspension, cancellation and renewal of certificate
Maintenance of accounts and Audit of accounts
Offences and Penalties
Miscellaneous Provisions
Reporting in various forms under the Act
Taxation of Charitable Trust. Article was published in the Chamber's Journal of June '16. It analyses various provisions of income-tax appliable to NPO /NGO ?Charitable Trust
Significant FCRA Amendments: What they are and How they affect you !!Suhel Goel
This document summarizes the various amendments brought about through the Foreign Contribution (Regulation) Amendment Rules, 2015 under the FCRA Laws applicable to Foreign Grants received in India by NGOs and other entities.
OBJECTIVE
Companies in Singapore are governed by the laws of Companies Act (the Act), originally enacted in 1967 and which has undergone significant amendments in 2014 and 2017. The Accounting and Corporate Regulatory Authority (ACRA) is the national regulator of business entities and corporate service providers in Singapore. A foreign company may carry on business in Singapore by transferring that Company’s registration from foreign country to Singapore or by registering the branch of the foreign Company in Singapore. In this webinar, transfer of registration of foreign corporate entity to Singapore is covered. The provisions of Transfer of Registration are governed by Part XA of the Act read with Companies (Transfer of Registration) Regulations 2017.
A Presentation introducing the various ways of setting up an NGO, explicating the compliances and reporting under various acts along with their timelines. It also elucidates the recent amendments in the Foreign Contribution ( Regulation) Act, 2010 along, discusses the Finance Bill 2017 and Lokpal and Lokayuktas Act along with establishing an enhanced accounting and taxation outlook for the not for profit sector.
What are the practical difficulties faced by NGOs while applying for tax exemptions? What are the caution points to avoid their withdrawal? Why do donors or NGOs need to put internal controls in place? What are the types of fund raising and the checklist that must be answered before accepting a donation? What is funding mix? How to combat the difficulties faced by NGOs during fund raising?
How to prepare budgets and what are the check points that make budgets an effective reporting tool?
Get all your queries answered.
In the attached handbook, we have included major legal compliance applicable on NGOs in India under Income Tax Act, Foreign Contribution Regulation Act, Payment of Gratuity Act, Provident Fund & Misc Provisions Act. #ngos #Taxation #Compliances #SNR #krestonsnr
Deposits under Companies Act 2013 - Version 3.0CA. Pramod Jain
Latest document on Deposits under Companies Act 2013 - Version 3.0 has been published. The same can be accessed at http://lunawat.com/Uploaded_Files/Attachments/F_3871.pdf
SandTalk 2018 Key Take Aways & Strategies for LeadershipSuhel Goel
Highlights from The Leadership Summit conducted by SandMartin Group on 9th June 2018 at India International Centre | Some Key Strategies & Takeaways from the Seminar
ESIC Benefits | Only for the Private Use for the Staff of SandMartin Group of Companies & should not be treated as professional opinion/recommendations.
Webinar | Impact of GST on NGOs/Charity Sector in IndiaSuhel Goel
Webinar jointly conducted by Sunil Goel & Associates, CAs & Thomson Reuters Foundation on the impact of GST on NGOs & Non Profit Sector in India.
Presented by Suhel Goel, FCA, CPA
Learn The Outsourcing Mantra to Save Millions | Presentation by SandMartin CD...Suhel Goel
Discover the mantra of saving costs and growing your TPA business by outsourcing claims & other processing including FSA, HSA, HRA, COBRA Administration, Payroll Processing etc. to SandMartin, Offshore Outsourcing Experts from India.
Benefit from the success stories of their existing TPA clients and how SandMartin (an ISO Quality & ISMS Certified Company) has helped TPAs for over two decades in increasing their bottom line without worrying about staffing costs and related overheads.
This presentation was held on 26th April 2017 at WexHealth Partner Conference, Miami, Florida.
Annual Tax & Corporate Compliances for LLPs | IndiaSuhel Goel
This presentation outlines the various corporate and tax compliance to be carried out by Limited Liability Partnerships (LLPs) in India in the upcoming year pertaining to Financial Year ended 31st March 2017 (AY 2017-18)
Emerging Economies of the World: A Study | November 2016Suhel Goel
The study describes Emerging Market Economies (EMEs) their characteristics and a comparison with the Developed Economies of the world. The study brings to light the macroeconomic viewpoint on why to invest in EMEs and the risks one can face and ways to navigate them.
Lastly, importance of India as the most promising EME is highlighted in the study cum presentation.
The study provides you with an overview of the Make in India initiative and the benefits it is going to provide India and the world. It describes the impact Make in India has had on the Indian Economy and the huge foreign investment it has attracted in the recent years. The study highlights some of the biggest companies that have invested in India after the initiative.
2016 Outsourcing Survey for Third Party Administrators (TPAs)Suhel Goel
This survey was rolled out with a view to collate the various best case practices in the areas of outsourcing and also to give insights about the key considerations while selecting a vendor besides understanding the new trends in this space. Claims Processing; Form 5500 Filing; Distribution & Loan Processing; & Payroll Processing were indicated as the processes Most Outsourced by the TPAs as part of the results of this Survey.
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
Many ways to support street children.pptxSERUDS INDIA
By raising awareness, providing support, advocating for change, and offering assistance to children in need, individuals can play a crucial role in improving the lives of street children and helping them realize their full potential
Donate Us
https://serudsindia.org/how-individuals-can-support-street-children-in-india/
#donatefororphan, #donateforhomelesschildren, #childeducation, #ngochildeducation, #donateforeducation, #donationforchildeducation, #sponsorforpoorchild, #sponsororphanage #sponsororphanchild, #donation, #education, #charity, #educationforchild, #seruds, #kurnool, #joyhome
Presentation by Jared Jageler, David Adler, Noelia Duchovny, and Evan Herrnstadt, analysts in CBO’s Microeconomic Studies and Health Analysis Divisions, at the Association of Environmental and Resource Economists Summer Conference.
What is the point of small housing associations.pptxPaul Smith
Given the small scale of housing associations and their relative high cost per home what is the point of them and how do we justify their continued existance
This session provides a comprehensive overview of the latest updates to the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (commonly known as the Uniform Guidance) outlined in the 2 CFR 200.
With a focus on the 2024 revisions issued by the Office of Management and Budget (OMB), participants will gain insight into the key changes affecting federal grant recipients. The session will delve into critical regulatory updates, providing attendees with the knowledge and tools necessary to navigate and comply with the evolving landscape of federal grant management.
Learning Objectives:
- Understand the rationale behind the 2024 updates to the Uniform Guidance outlined in 2 CFR 200, and their implications for federal grant recipients.
- Identify the key changes and revisions introduced by the Office of Management and Budget (OMB) in the 2024 edition of 2 CFR 200.
- Gain proficiency in applying the updated regulations to ensure compliance with federal grant requirements and avoid potential audit findings.
- Develop strategies for effectively implementing the new guidelines within the grant management processes of their respective organizations, fostering efficiency and accountability in federal grant administration.
Canadian Immigration Tracker March 2024 - Key SlidesAndrew Griffith
Highlights
Permanent Residents decrease along with percentage of TR2PR decline to 52 percent of all Permanent Residents.
March asylum claim data not issued as of May 27 (unusually late). Irregular arrivals remain very small.
Study permit applications experiencing sharp decrease as a result of announced caps over 50 percent compared to February.
Citizenship numbers remain stable.
Slide 3 has the overall numbers and change.
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
2024: The FAR - Federal Acquisition Regulations, Part 37
Nuances of FCRA | Registration & Compliance
1. ATMA Network Webinar Series
Registration and Compliances under the
Foreign Contribution (Regulation) Act, 2010 [FCRA]
Presented by:- Sunil Goel & Associates, CAs
Mr. Suhel Goel, FCA
&
Mr. Dhaval Kodilkar, ACA
www.sunilgoel.com
Private & Confidential
Wednesday, March 27, 2019
New Delhi | Noida | Gurgaon | Mumbai - India
2. 2
Objective
To introduce and explicate compliances and reporting
requirements along with their timelines under the Foreign
Contribution (Regulation) Act, 2010 (FCRA).
To understand the eligibility for the Registration and Prior
Permission.
To elucidate on the associated compliances and regulations.
To understand the recent developments made under the
Act.
3. 3
Why Foreign Funding ?
Non-governmental organizations (NGOs) play a crucial role
in influencing change in the society and also in up-liftment
of the weaker sections. NGO’s in India operate in almost all
major sectors of the country, such as, health, education,
rural development, food security, etc.
However, NGOs often function around a blurry line when it
comes to acquiring funding especially from the domestic
donors. This necessitates them to look beyond the
domestic frontiers of the country and raise funds through
foreign sources.
This foreign funding of NGO’s is regulated by the Foreign
Contribution (Regulation) Act, 2010 i.e FCRA.
6. 6
Introduction
1969
o Home Minister raised the issue of regulation of foreign funding into India.
o The intention was to prevent the onslaught that would follow due to
foreign funding, which would have had an influence on the functioning of
the Government, Political Parties and Other Institutions in India.
1976-2009
o Foreign Contribution (Regulation) Act, 1976 was enacted and continued to
function for several years until short comings were noticed.
o Certain Amendments were carried out in the aforesaid Act from time to
time.
o However, a complete overhaul of the provisions was recommended
towards the mid-2000’s and accordingly a Bill was proposed in the
parliament for this purpose in the year 2006.
7. 7
Introduction
2010 - till date
o FCRA, 2010 was enacted with an aim to-
Regulate the acceptance and utilization of foreign contribution or
foreign hospitality
Prohibit any activities detrimental to the national interest and for
matters connected therewith
With a view to streamline the functioning and digitize the filing
various amendments were proposed vide the Foreign Contribution
(Regulation) Amendment Rules, 2015.
9. 9
KEY DEFINITIONS - Foreign Contribution
Included
o Donation, Delivery or Transfer made by a foreign source of any -
Article
Currency whether Indian or Foreign
Security
Income Generated from Foreign Contribution.
Excluded
o Fee (including fees charged by an educational institution in India from a
foreign student)
o Amount towards cost in lieu of goods or services.
10. 10
KEY DEFINITIONS - Foreign Source
o The government of any foreign country or territory and any agency of such
Government;
o Any international agency, not being the United Nations or any of its
specialised agencies, the World Bank, International Monetary Fund or such
other agency as the Central Government may, by notification, specify in this
behalf;
o A foreign company
o A corporation, not being a foreign company, incorporated in a foreign
country or territory;
o A multi-national corporation referred to in sub-clause (iv) of clause (g);
11. 11
KEY DEFINITION - Foreign Source
(Amendment vide Finance Act, 2016)
A company within the meaning of the Companies Act, 1956 (1 of 1956), and
where more than one-half of the nominal value of its share capital is held,
either singly or in the aggregate, by one or more of the following, namely:-
o The Government of a foreign country or territory;
o The citizens of a foreign country or territory;
o Corporations incorporated in a foreign country or territory;
o Trusts, societies or other associations of individuals (whether incorporated
or not), formed or registered in a foreign country or territory;
o Foreign company:
[Provided that where the nominal value of share capital is within
the limits specified for foreign investment under the Foreign
Exchange Management Act, 1999, or the rules or regulations made
there under, then, notwithstanding the nominal value of share
capital of a company being more than one-half of such value at the
time of making the contribution, such company shall not be a
foreign source.]
o A trade union in any foreign country or territory, whether or not registered
in such foreign country or territory;
o A foreign trust or a foreign foundation, by whatever name called, or such
trust or foundation mainly financed by a foreign country or territory;
o A society, club or other association of individuals formed or registered
outside India;
o A citizen of a foreign country;
13. 13
REGISTRATION/ PRIOR PERMISSION
Registration
NO
YES
Simpler Prior
Permission Route
Closer Scrutiny &
3 Year Accounts/
Activity Report
Required
In existence
for 3 years?
YES
NO
Multiple Receipt
/ Donations
One time
Receipt /
Donations
Foreign
Contribution
more than
Rs. 50 Lakhs
14. 14
REGISTRATION
Conditions
The application for registration can only be made
by associations having definite cultural, economic,
educational, religious or social programme.
Registered Organisation
- Submit Registration Certificate
- Memorandum & Articles of Association/Trust
Deed
Activity Report & Audited Accounts
- Submit copy of activity report for the last 3 years.
- Submit audited statement of accounts for the last
3 years. Should normally have spent at least Rs
10,00,000/- over the last three years on its activities
15. 15
PRIOR PERMISSION
Registered
- Submit Registration Certificate
- Submit Memorandum & Articles of Association/Trust Deed
Commitment Letter
- Submit a specific commitment letter from the donor and
agreement indicating the amount of foreign contribution
and the purpose for which it is proposed to be utilized.
Project Plan
- Submit copy of a reasonable project plan for the benefit of
the public, for which the foreign contribution will be
received.
Proposed Foreign Contribution of more than Rs. 50,00,000
- Enclose Audited statements of accounts for the last 3 years
from the date of submission of application.
- Enclose Activity Report for the last 3 years from the date of
submission of application.
17. • Registration Certificate renewal due after
every five years from the date of registration /
earlier renewal.
• An application to renew should be made six
months before the expiry of the certificate of
registration.
• The registration certificate of Association under
the statute of incorporation.
• Charter Documents – Memorandum & Articles
of Association/ Trust Deed
• Copy of FCRA Registration Certificate which is
being sought to be renewed.
17
RENEWAL OF REGISTRATION
RENEWAL DOCUMENTS
19. 19
COMPLIANCES - RETURNS
Particulars FC Form Time Limit
Intimation of receipt of foreign contribution by way of : -
- Gift from Relative (if exceeds Rs. One Lakh in FY
- Articles / Securities
- Receipt of FC by candidate for Election
FC – 1
Part A
Part B
Part C
Within 30 days of receipt
Within 30 days of receipt
Within 45 days of being nominated.
Application for prior permission to accept Foreign Hospitality FC – 2 2 weeks before the proposed onward journey.
Application for FCRA Registration FC – 3A
No time limit as such. FCRA Office to grant the
Registration or communicate the discrepancies
within 90 days.
Application for Prior Permission FC – 3B
No time limit as such. FCRA Office to grant the
prior permission or communicate the
discrepancies within 90 days.
Application for Renewal of Registration FC – 3C 6 months before expiry of the FCRA Certificate
Annual Return of Foreign Contribution FC – 4
Within 9 months from the closure of the FY
(normally 31st December)
Application for seeking permission for transfer of foreign
contribution to other un-registered persons
FC – 5 Before transferring such contribution
Intimation of Quarterly Receipt of FC by Associations Online
Within 15 days following the last day of the
quarter in which FC has been received.
20. 20
COMPLIANCES - RETURNS
Particulars FC Form Time Limit
Intimation for Change of Association Name/ Address within the
state for which registration / prior permission has been granted
FC – 6 A Within 15 days from the date of change.
Intimation for Change in its nature, aims and objects and
registration with local and relevant authorities.
FC – 6 B Within 15 days from the date of change
Intimation of change in designated FC bank and/or branch of
the bank and/or designated Foreign contribution account
number
FC – 6 C Within 15 days from the date of change
Intimation of change in the bank or branch of the bank for the
purpose of utilizing the foreign contribution after it has been
received in case of organizations granted registration/prior
permission under FCRA. (Opening of additional FC-utilization
account )
FC – 6 D Within 15 days from the date of change
Intimation of Change in Key Members of the association if at any
point such change causes replacement of 50% or more of the
original key members as reported in the application for grant of
registration/prior permission/ renewal of registration under the
Act.
FC – 6 E Within 15 days from the date of change
22. 22
DO’S & DON'TS - Do’s
o Do have a definite cultural, economic, educational, religious or social
programme. Have undertaken reasonable activity in its chosen field for the
benefit of the society for which the foreign contribution is proposed to be
utilized
o Do maintain a separate set of accounts and records, exclusively, for the
foreign contribution received and utilized and for which the registration is
sought (Sec 19).
o Do use the FC funds for the very specific purpose it has been received for.
(Sec 8)
o Do receive the foreign contribution in a single bank account only and
through such branches as specified in your FCRA application. The utilization
can be done through more than one intimated bank and or its branches.
(Sec 17).
o Do file the returns/intimations required under the act within the stipulated
time (Sec 18).
o Do preserve the accounts and records of the foreign contribution for a
period of 6 years.
23. 23
DO’S & DON'TS - Don’ts
o Don’t intermingle domestic funds with foreign contribution.
o Don’t transfer FC funds to other organizations who are not registered under
FCRA without permission. (Sec 7)
o Don’t invest FC funds in Mutual funds, shares, speculative instruments.
(Sec 8)
o Don’t use more than 50% of foreign contribution, received in a particular
financial year towards administrative expenses.
o Provided further that administrative expenses exceeding 50% of such
contribution may be defrayed with prior permission of the Central
Government. (Sec 8)
o Don’t hide amount, source and manner in which the foreign
contribution/remittance was received.
26. 26
Violation of Filing Returns
o The Infosys Foundation, Skoda Auto India, University of Rajasthan, Madras
Christian College, Shree Siddhivinayak Ganapati Temple Trust, Mumbai,
Loyola College Society, Vijayawada, Guru Harkrishan Education Society,
Chandigarh and Allahabad Agricultural Institute are among 1,775 entities
which have been served show cause notice by the home ministry for their
“failure” to submit annual income and expenditure statement on foreign
funding for up to six years.
o In its show cause notice, the home ministry said the entities or associations
have not submitted online their income & expenditure statement, receipts
& payment account, balance sheet for up to six consecutive financial year
2011-12 to 2016-17 despite repeated notices served on them.
o The ministry warned that if the entities and organizations fail to submit the
returns for the said period by December 1, 2018, “appropriate action” will
be taken under the Foreign Contribution (Regulation) Act.
o The home ministry said after scrutiny of records for the years 2011-12 to
2016-17, it has been observed that the annual report/accounts for some of
the financial years in the aforesaid period have not been found uploaded
on the FCRA portal online by the said associations despite the fact that one
final opportunity of one month was provided to all such associations to
submit the missing annual reports without paying any penalty on May 12,
2017.
27. 27
Relief for 12 NGO’s after compliance with
government directive:
o Giving relief to 12 NGOs whose foreign funding license was suspended in
December 2018 after they failed to open an account in banks integrated
with the Public Financial Management System (PFMS), the Union home
ministry has revoked such suspension after the said entities complied with
government directions and opened their accounts in PFMS-linked banks.
o The list of NGOs/associations whose suspension of FCRA registration stands
revoked with immediate effect includes Rambhau Mhalgi Prabodhini,
Banjara (ST) Development Society, Christ Church Hostel Unit, Zila Yuvak
Kalyan Kosh Samiti, Shree Gurudev Avadhut Ashram, Gram Kalyan Sewa
Samiti, Gramotharan Parishad, Rural Voluntary Services, Suchetana,
Yashwantrao Chavan Pratishthan, Nehru Yuva Samajik Samarasata Sewa
Samiti and Gram Vikas Yuva Trust.
o As per Section 17 of the Foreign Contributions (Regulation) Act, 2010, all
associations registered or having sought prior permission under the Act
must open their accounts in one or more banks that have integrated their
system with PFMS. A notice to this effect was issued on December 21,
2017, with the home ministry asking such an exercise to be completed
within one month of publication of the notice.
28. Source: Hindustan Times, Nov 19,2018, 21:43PM IST 28
Violation of Filing Returns
o Another notice was served on April 24, 2018 to these associations advising
them to submit annual report/accounts of the missing years electronically
online immediately. However, the said associations have failed to submit
annual report/accounts of the missing years electronically online till date
despite notices, the ministry said.
o “Therefore, the said associations are hereby directed to explain within a period of
15 days from the date of issue of this show cause notice as to why appropriate
action under the FCRA may not be initiated against them,” it said.
29. Source: Economic Times, Mar 10,2019, 01:08PM IST. 29
NGO crackdown has foreign fund inflows plunging
40% since Modi Government era:
o The Modi governments crackdown on foreign funding of non-profit
organizations has resulted in a massive 40 percent decline in fund flows
from external sources for social uplift in the four years to 2017-18, finds
and industry report.
o Over 13,000 non-government organizations have been acted against by the
Union home ministry by cancelling their licences, according to a report by a
foreign consultancy Bain & Co.
o The report has also found that as many as 4,800 NGOs lost their licenses in
2017 alone.
o Several of these NGOs which lost licenses are engaged in rights-based
advocacy, and the crackdown has led to an outcry from civil society
organizations who termed it as an abuse of legal procedures.
o There were also many other big names from the world of charities being
targeted. Ford Foundation and Amnesty International among others being
the most notable names.
o The Bain report says compliance with the rules can result in increase in the
social sector wallet size.
30. Registration and Compliances
Foreign Contribution (Regulation) Act, 2010 [FCRA]
Presented by:- Sunil Goel & Associates, Cas
Please Email your queries to
info@sunilgoel.com
&
Dhaval.Kodilkar@sunilgoel.com
New Delhi | Noida | Gurgaon | Mumbai - India
QUESTIONS & ANSWERS
SESSION
31. Disclaimer: Information presented in this document is considered private & proprietary information (unless otherwise noted) and may not be distributed or copied. We
strongly recommend that you seek professional guidance and opinion before acting in any way on the proposals. While SGA makes every effort to provide accurate and
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