TaxGuru Newsletter Subscription
Information You Can Rely On.
Corporate Law - NGOs work on the non-profit motto, and their activities and endeavors are covered by the donations and reliefs given by various sources including from foreign sources. However, foreign funding can’t be accepted and utilized if the mandate of the Foreign Contribution & Regulation) Act, 2010 is not followed. On these lines, the presen...
Read MoreCorporate Law - The Foreign Contribution (Regulation) Act (FCRA), 2010 (Act) regulates the acceptance and utilisation of foreign contribution by individuals, associations and companies. The Parliament has recently passed the Foreign Contribution Regulation Amendment Act, 2020, which is now in force since 29.08.2020. The amendments have been brought about...
Read MoreCorporate Law - Advisory for Compliance by FCRA NGOs/Associations with the Amended Provisions in FCRA, 2010 and FCRR, 2011 Note: – This advisory is meant for any association that belongs to one of the following categories: (a) Those who have submitted application for registration/Prior Permission (b) Those who have submitted application for Renewal...
Read MoreCorporate Law - The Ministry of Law and Justice notified the Foreign Contribution (Regulation) Amendment Act 2020 (FCRA Amendment Act) which amends the existing provisions of the Foreign Contribution Regulation Act 2010 (FCRA) after receiving assent of the President of India on the 28th September, 2020. The FCRA Amendment Act brings in a slew of amendmen...
Read MoreCorporate Law - Analysis of Foreign Contribution (Regulation) Amendment Act, 2020 (No. 33 of 2020) Purpose and effective date Purpose – To amend the Foreign Contribution (Regulation) Act 2010. Effective date – 29th September 2020 is the date on which the amendments shall come into force (Notification S.O. 3395(E) dated 29.09.2020) Amendments in a gla...
Read MoreCorporate Law - Charter For The Chartered Accountants Since the Foreign Contribution (Regulation) Act, 2010 (FCRA, 2010) is dealing with national security, associations are required to exercise extreme care and caution in utilising foreign contribution. 2. Chartered Accountants (CAs) examine and audit all relevant books of accounts and Bills and vouchers...
Read MoreCorporate Law - CHARTER FOR ASSOCIATIONS APPLYING FOR GRANT OF PRIOR PERMISSION /REGISTRATION UNDER THE FOREIGN CONTRIBUTION (REGULATION) ACT, 2010. ♣ With a view to streamlining the procedures and ensuring effective enforcement and compliance, the Foreign Contribution (Regulation) Act, 2010 has been further amended on 28th September, 2020. Accordingly...
Read MoreCorporate Law - CHARTER FOR ASSOCIATIONS WHO HAVE BEEN GRANTED PRIOR PERMISSION OR REGISTRATION UNDER FCRA. ♣ Registration and Prior Permission is granted for a definite cultural, economic, educational, religious or social programme under sections 11 and 12 of the FCRA, An association is granted registration for five years. The Prior permission is gran...
Read MoreCorporate Law - FCRA CHARTER FOR THE BANKS The Foreign Contribution (Regulation) Act, 2010 (FCRA, 2010) assigns a very crucial role to banks. All foreign contributions (FCs) received from any ‘foreign source’ (FS) must be necessarily received only in a bank account and must be routed and spent only through bank accounts. Therefore, the compet...
Read MoreCorporate Law - SOP to open and operate the FCRA Account as provided under Section 17(1) of the amended Foreign Contribution (Regulation) Act, 2010 with SBI, New Delhi Main Branch in terms of FCRA (Amendment), 2020...
Read MoreIndian Social Action Forum (INSAF) Vs. Union of India (Supreme Court) - Whether Foreign Contribution (Regulation) Act 2010 (FCRA, 2010) (read with rules) allows Central Government to freely decide whether an organisation is political or not? What is Foreign Contribution (Regulation) Act 2010? The Foreign Contribution (Regulation) Act 2010 and rules framed under it (the ...
Read MoreM/s Advantages India & Anr Vs Union of India & Ors (Delhi High Court) - M/s Advantages India & Anr Vs Union of India & Ors (Delhi High Court) This Court is of the opinion that there is a principle and/or policy for guidance of exercise of discretion by the Government in the matter of selection of an investigative agency and there is no arbitrary, vague and uncon...
Read MoreDR R N Gupta Technical Education Society Vs Union of India (Delhi High Court) - The petitioner - a Society registered under the Societies Registration Act, 1860 - has filed the present petition impugning communications dated 01.08.2014 and 07.12.2015 (hereafter referred to as the impugned communications)...
Read MoreF. No. II /21022/23(22)/2020-FCRA-II - (12/01/2021) - Extension of the validity of the registration certificates issued under the Foreign Contribution (Regulation) Act, 2010 expiring during the period between 29th September, 2020 and 31st May, 2021 upto 31st May, 2021. F. No. II /21022/23(22)/2020-FCRA-II Government of India Ministry of Home Affairs Fo...
Read MoreNotification No. 11/21022/23(15)/2020-FCRA-III - (23/11/2020) - In exercise of the powers conferred by section 50 of the Foreign Contribution (Regulation) Act, 2010, the Central Government hereby extends the time for uploading/online submission of annual returns for the year 2019-20 up to 30th June, 2021....
Read MoreNotification No. G.S.R. 695(E) - (10/11/2020) - (1) These rules may be called the Foreign Contribution (Regulation) (Amendment) Rules, 2020. (2) They shall come into force on the date of their publication in the Official Gazette....
Read MoreF.No. II/21022/23(35)/2019-FCRA-III - (13/10/2020) - Procedure for opening & operating the designated FCRA Account as provided under the amended Section 17(1) of The Foreign Contribution (Regulation) Act , 2010...
Read MoreNo. 33 of 2020 - (28/09/2020) - (1) This Act may be called the Foreign Contribution (Regulation) Amendment Act, 2020. (2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint....
Read More
F. No. II /21022/23(22)/2020-FCRA-II - 12/01/2021
Notification No. 11/21022/23(15)/2020-FCRA-III - 23/11/2020
