Existing FCRA Account Holders given more time till 30.06.2021 to open “FCRA Account” in designated New Delhi Branch of State Bank of India
The Ministry of Home Affairs (MHA) has permitted existing Foreign Contribution (Regulation) Act (FCRA) account holders to open their “FCRA Account” in the New Delhi Main Branch (NDMB) of the State Bank of India (SBI), 11 Sansad Marg, New Delhi – 110001 up to 30.06.2021. After that date they shall not be eligible to receive foreign contribution in any account other than the “FCRA Account” opened in the NDMB.
The MHA has said in a Public Notice which is available on www.fcraonline.nic.in, that all persons/NGOs/Associations who already have been granted a certificate of registration or prior permission by the Central Government, should note that they shall not receive any foreign contribution in any account other than the designated “FCRA Account” opened at the NDMB of the SBI, 11 Sansad Marg, New Delhi – 110001 from the date of opening of such account or 01.07.2021, whichever is earlier.
Existing FCRA Account Holders were earlier given time till 31.03.2021 to open their FCRA account in the NDMB under the amended Section 17(1) of the FCRA, 2010. The amended section had come into effect on September 29, 2020. The extension in time has been given in view of the exigencies arising out of the COVID-19 situation and to ensure smooth transition by NGOs to the amended FCRA regime
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No. 11/21022/36(58)/2021-FCRA-III
Government of India
Ministry of Home Affairs
Foreigners Division, FCRA Wing
First Floor, MDC National Stadium,
New Delhi-11 001 Dated: 18th May, 2021,
PUBLIC NOTICE
Subject: – Procedure for opening and operating the designated “FCRA Account” as provided under the amended Section 17(1) of the Foreign Contribution (Regulation) Act, 2010
This is in continuation of the Ministry of Home Affairs’ Public Notice No. 11/21022/23(35)/2019-FCRA-III dated 13.10.2020 regarding procedure for opening and operating the designated “FCRA Account” as provided under the amended Section 17(1) of the Foreign Contribution (Regulation) Act, 2010.
2. Keeping in view the exigencies arising out of COVID-19 situation and to ensure smooth transition to the amended FCRA regime, in exercise of the powers conferred by section 50 of the Foreign Contribution (Regulation) Act, 2010, the Central Government makes the following amendments in the above-mentioned Public Notice: –
The existing FCRA account holders have now to open the “FCRA Account” in the New Delhi Main Branch (NDMB) of the State Bank of India, 11 Sansad Marg, New Delhi-110001 up to 30th June, 2021 or earlier. After that date they shall not be eligible to receive FC in any account other than the “FCRA Account” opened in the NDMB.
3. All the persons/NGOs/Associations who already have been granted certificate of registration or prior permission by Central Government may take note that they shall not receive any FC in any account other than the designated “FCRA Account” opened at NDMB of the SBI, 11, Sansad Marg, New Delhi – 110 001 from the date of opening of such account OR 1st July, 2021, whichever is earlier.
(D.S. Parihar)
Deputy Secretary to the Government of India
