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