Under the provisions of the FCRA 2010, any change in the Board members in excess of 50% shall be made with prior permission. This does not technically apply to organizations registered prior to 27th December 1996 as there was no declaration signed by the organization this effect while applying for registration.
The query/doubt that I have is that the prior approval for the nomination of Board members is to be sought when the 50% change occurs “over a period of time” or “at any given point in time”.
Thanks and regards,
B V Soma Sastry