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.
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