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Tuesday, July 11, 2017

5,922 associations asked why their FCRA registration be not cancelled

New Delhi : Altogether 5,922 associations, which have not uploaded their annual returns for three or more than three years within the stipulated time, have now been issued show cause notice by Union Home Ministry as to why their registration under the Foreign Contribution (Regulation) Act, (FCRA) may not be cancelled under Section 14 of FCRA, 2010, for their failure to upload their Annual Returns from 2010-11 to 2014-15.

As per the Foreign Contribution (Regulation) Act, 2010 (FCRA, 2010) and Foreign Contribution (Regulation) Rules, 2011 (FCRR, 2011), such associations are required to submit their Annual Return for every Financial year beginning on April 1 within nine months of the closure of the financial year, according to a PIB release.

As a one-time measure, all associations were given an opportunity by way of a Public Notice uploaded on fcraonline.nic.in on May 12, 2017, requiring them to file their missing Annual Returns pertaining to 2010-11 to 2014-15 within a period of one month starting from May 15, 2017, to June 14, 2017, without payment of penalty /compounding fee for non/late filing of Annual Returns, according to the PIB release.

This was followed by regular email alerts to the associations from May 19, 2017 to June 14, 2017, and SMS alerts on May 31, 2017, followed by regular daily SMS alerts from May 5, 2017 to June 14, 2017.

Source: http://www.thespeedpost.com/5922-associations-asked-why-their-fcra-registration-be-not-cancelled/

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