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MHA alters FCRA rules for NGO fund disclosure
The Business Guardian
|September 27, 2023
Regulations governing the submission of yearly returns by Non-Governmental Organizations (NGOs) registered under the Foreign Contribution Regulation Act (FCRA) have been modified by the Ministry of Home Affairs (MHA), which now requires them to include information about the moveable and immovable assets they have acquired using foreign funds.
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By inserting two sections, (ba) details of moveable assets generated out of foreign contribution (as of March 31 of the financial year) and (bb) details of immovable assets formed out of foreign contribution, the MHA changed the Foreign Contribution Regulation Rules, 2010. (as on March 31 of financial year) in Form FC-4. The MHA, in a notificition, said, "In exer
This story is from the September 27, 2023 edition of The Business Guardian.
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