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Wednesday, December 16, 2015

Main points of home ministry's new FCRA rules for NGOs

NEW DELHI: The ministry of home affairs has come out with a new set of Foreign Contributions Regulations Act (FCRA) for NGOs in the country. Here are the main points.

* All NGOs need to upload details of foreign contributions received by them once in three months.

* The New FCRA rules have done away with the need for NGOs to take prior permission for change of name, address, aims and objects, bank account, governing body members.

* Intimation will now suffice.

* NGO that receive foreign funding do not need to declare information on the office bearers' accounts in Twitter, Facebook.

* NGOs also do not need to provide social media account details of their donors.

* All FCRA services for NGOs and transactions to be online from Monday. FCRA webpage to be run by the ministry of home affairs.

* New FCRA rules dispense with filing of hard copy of annual returns by NGOs. Returns must now be filed online only.

Source: http://timesofindia.indiatimes.com/india/Main-points-of-home-ministrys-new-FCRA-rules-for-NGOs/articleshow/50174629.cms

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