Category Archives: FCRA, TAX, LEGAL

Foreign Contribution Regulation Act

Pay Pal accounts and e-LS international a/cs

Posted on August 5, 2011 by SRRF

Dear Sir, Your workshop on DTC & FCRA is very useful and gave an intro to the amendments in both. I attended the workshop in Chennai and thankful to you for making the day 100% useful. Now many online international … Continue reading →

Posted in FCRA, TAX, LEGAL | 1 Comment

Query on FCRA

Posted on July 25, 2011 by SRRF

Dear S.Mittal Sir, I have attended your FCRA workshop held in Chennai on 8th July (organized by CSO Partners). I have a query on transferring our FC fund to a few un-registered organization. This is mentioned that as per Rule … Continue reading →

Posted in FCRA, TAX, LEGAL | 28 Comments

FCRA Act 2010 & Draft Rules

Posted on June 3, 2011 by SRRF

As informed earlier through the SRRF Dialogue e-group, Govt has passed FCRA 2010 Act in September 2010. However the Act is still in abeyance as the rules have not been finalized. MHA has posted draft rules on its web-site, inviting … Continue reading →

Posted in FCRA, TAX, LEGAL | 10 Comments

FCRA Rules Comments Invited

Posted on June 3, 2011 by SRRF

We refer to our yesterday’s message we will again emphasis that the rules are not yet final. These are draft rules and the Ministry of Home Affairs has invited comments on the same. This is why it is important that … Continue reading →

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FCRA Rules notified

Posted on June 3, 2011 by SRRF

This is to bring to your notice that FCRA Dept. has only very recently notified the FCRA rules for FCRA Act 2010. These rules are effective from the date when the Act is effective. It may be remembered that the … Continue reading →

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Quantum of funds being received under FCRA for the purposes of education

Posted on June 3, 2011 by SRRF

We share with you an interesting article published in “Indian Express” regarding quantum of funds being received under FCRA for the purposes of education. The article not only lists major organizations providing funds, it also identifies states where these organizations … Continue reading →

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Likelihood of DFID withdrawing from India by 2011

Posted on June 3, 2011 by SRRF

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 →

Posted in Foreign Funding | 1 Comment

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

Posted on June 3, 2011 by SRRF

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

Posted on June 3, 2011 by SRRF

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)

Posted on June 3, 2011 by SRRF

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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