Category Archives: FCRA, TAX, LEGAL

Foreign Contribution Regulation Act

Likelihood of DFID withdrawing from India by 2011

There is a debate going on within the Government circles that India should intimate British Govt. that India no longer needed the aid. In a internal memo sent by Ministry of External Affairs to Ministry of Finance, exactly such position … Continue reading

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Foreign Contribution Regulation Bill 2010 (as passed by the Parliament)

Background Over the last two days we have shared with you salient features of the Foreign Contribution Regulation Bill 2010, that will replace the earlier FCRA 1976. For ease of reference, this communication puts together for your understanding some of … Continue reading

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FCRA Bill 2010 (as passed by the Parliament)…cont’d

Bank accounts Authorities have conceded futility of asking organisations to spend funds only from one account. Organisations receiving foreign contribution while still will need to receive / deposit the funds in the single FCRA registered bank account. However they will … Continue reading

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FCRA Bill 2010 (as passed by the Parliament)

As you may be aware, Parliament has passed Foreign Contribution Regulation Bill 2010 on 19th August 2010 replacing the earlier 1976 FCRA Act. The new Act has added, amended a number of provisions. SRRF Dialogue brings out some the important … Continue reading

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Time govt stopped foreign funding of Civil Society groups

DNA / R Vaidyanathan / Tuesday, May 10, 2011 2:45 IST Among the largest members of the Indian economy is the NGO sector or what is known as the Third Sector or Civil Society (other than government and private) in … Continue reading

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FCRA 2010 Act has become effective 1st May 2011. Govt has notified the change

IMPORTANT INFORMATION FCRA 2010 Act has become effective 1st May 2011. Govt has notified the change. Copy of the notification is attached. Govt. has made only some minor changes in the Rules, these are as follows: Description of organisation of … Continue reading

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Clarification received from Ministry on “Transfer of Funds”

GOOD NEWS WHICH ALL OF US HAVE BEEN WAITING We would like to intimate all the members of SRRFDialogue that a clarification has been received from the FCRA Dept. that there is no need to take prior approval from the … Continue reading

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Transfer of Funds between registered organisations – Dept. to clarify

As many of the readers of these posts would be aware that new Rule 24 alongwith Form FC10 of FCRA provisions, has made it mandatory for all registered organizations to obtain permission of the FCRA department before transferring funds to … Continue reading

Posted in FCRA, TAX, LEGAL | 21 Comments