{"id":2549,"date":"2015-06-23T09:38:24","date_gmt":"2015-06-23T09:38:24","guid":{"rendered":"http:\/\/blog.srr-foundation.org\/?p=2549"},"modified":"2015-06-23T12:14:30","modified_gmt":"2015-06-23T12:14:30","slug":"draft-changes-in-fcra-rules","status":"publish","type":"post","link":"https:\/\/blog.srr-foundation.org\/?p=2549","title":{"rendered":"DRAFT CHANGES IN FCRA RULES"},"content":{"rendered":"

Integrated Application for Registration, Prior Permission and Renewal<\/strong><\/p>\n

    \n
  1. One integrated form prepared for FCRA registration, Prior permission and Renewal. Till now one had to use different forms for each of these activities, FC3 for registration, FC4 for prior permission and FC5 for renewal, now an integrated form FC3 has been drafted.<\/li>\n
  2. Now printed copy of form not to be submitted, instead applications need to be Digitally Signed just like as in Income Tax and Companies Act. All documents required to be submitted in hard copies would now be scanned and submitted alongwith these applications.<\/li>\n
  3. Fee would need to be paid online through electronic gateway.<\/li>\n<\/ol>\n

    Declaration on web-site<\/strong><\/p>\n

      \n
    1. All NGOs granted registration \/ prior permission would need to post Audited FCRA Accounts would need to be posted on their websites.<\/li>\n
    2. Any foreign contribution received would need to be displayed within 7 days of receipt on website. <\/strong><\/li>\n<\/ol>\n

      Annual Return <\/strong><\/p>\n

        \n
      1. From now on even annual return (FC6 till now) will no longer need to be filed in printed copy and only Digitally Signed copy would need to be filed alongwith all supporting documents. Time limit still remains of 31st<\/sup><\/li>\n<\/ol>\n

        Requirements from Bankers<\/strong><\/p>\n

          \n
        1. All bankers have to inform within 48 hours<\/strong> Central Govt. about receipt of any foreign contribution by any \u2018person\u2019 who receives such contribution but till date does not have registration \/ prior permission. In previous rules this was 30 days.<\/li>\n
        2. Bankers are also required to inform within 48 hours<\/strong> the central govt. all remittances received by FCRA registered or having prior permission in their designated or utilization bank accounts.<\/li>\n<\/ol>\n

          Changes in Forms<\/strong><\/p>\n

            \n
          1. Earlier there were 10 forms (FC1-FC10), these have now been reduced to 7 (FC1-FC7). As mentioned above Form for Registration (FC3), Form for Prior Permission (FC4) and Form for Renewal (FC5) all have been merged in a new form FC3. Also earlier forms for articles (FC7) and securities (FC8) have been merged into one form FC5. Consequentially all other forms have been renumbered in sequential order.<\/li>\n<\/ol>\n

            Changes in these forms are highlighted as below:<\/p>\n

            FC1 (new Form No. FC1): Intimation of receipt of FC by way of gift from relative.<\/span><\/p>\n