fcraserviceindelhi

fcraserviceindelhi | Member since May 2019 | Delhi, India

The organizations signed up under the FCRA need to preserve different accounts incurred under the FC head and submit a return in the recommended format to the Ministry in addition to the audited statement of accounts of the previous year by 31 July every year.

The companies signed up under the FCRA, must inform to the Ministry about any modification in name of the company, its Registered Office and purposes and things within 30 days of the applicable modification. Prior consent will be required from the stated the Ministry for any modification in the designated bank or replacement of even more than half of members of the governing body at the time of its registration under the FCRA.

The management must be aware of various provisions of the FCRA and must strictly follow the exact same otherwise they may deal with a number of extensive penalties under the Act.

Foreign Contribution Regulation Act (FCRA) was enacted in the year 1976 and just recently, modified in the year 2010 with the prime objective of controling the approval and utilization of foreign contribution and foreign hospitality by individuals and associations working in the essential locations of nationwide interest. The focus of this Act is to guarantee that the foreign contribution and foreign hospitality is not used to impact electoral politics, public servants, judges and other individuals working in to the vital areas of nationwide interest viz reporters, printers and publishers of newspapers, etc.

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