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FCRA Comes into Force W.E.F May 2011

Posted on 03 May 2011,    
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FCRA Comes into Force W.E.F May 2011

 

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: 

• 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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