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Reporting by banks on receipt of FCRA funds – Ozg FCRA Registration Consultant

FCRAonline Registration | Renewal Procedure | Consultant Lawyer in Mumbai / Bangalore

How to Calculate FCRA Return Penalty?
FCRA Penalty CalculatorWhatsApp Chat ☎️ WA.me/918779696580Did you miss to file your FCRA return? Please find details about penalty on late return filing.To save your time and a heavy legal cost on FCRA violation or FEMA violation matters, get consultation today. To schedule your tele-appointment with Ozg Lawyers, go to link below or simply email to: ask@fc […]
Foreign Contribution Regulation (Amendment) 【FCRA】 Rules, 2020
In exercise of the powers conferred by section 48 of the Foreign Contribution (Regulation) Act, 2010 (42 of 2010), the Central Government hereby makes the following rules further to amend the Foreign Contribution (Regulation) Rules, 2011, namely: –1. Short title and commencement. — (1) These rules may be called the Foreign Contribution (Regulation) (Amendme […]
FAQ on FCRA Amendment Act, 2020
FAQ on FCRA 2020 @OzgLawGo to 📲 fcraonline.ozg.inSupport ☎️ WA.me/918779696580FAQ - 🟣 Can public servant receive FCRA funds through their NGO?⛔ No public servant, as defined in #Section21 of IPC (indianpenalcode.ozg.in), can receive foreign contributions. The clause (c) of sub-section (1) of section 3 of the FCRA Act has amended, to include “public servant” […]
FCRA Amendment Act, 2020
FAQ on FCRA 2020 @OzgLawGo to 📲 fcraonline.ozg.inSupport ☎️ WA.me/918779696580FAQ - 🟣 Can public servant receive FCRA funds through their NGO?⛔ No public servant, as defined in #Section21 of IPC (indianpenalcode.ozg.in), can receive foreign contributions. The clause (c) of sub-section (1) of section 3 of the FCRA Act has amended, to include “public servant” […]
FCRA Registration, Compliance & Compounding
On 1/August/2019 the home ministry given a one-time exemption to NGOs, whose FCRA registrations were cancelled for not filing annual returns, to apply for registration within three months.For uploading missing annual returns on the FCRA Portal, no penalty will be imposed.Ozg Lawyers | Ozg Lawyers | Ozg Lawyers | Ozg LawyersFor other violations of the provisi […]
FCRA Donation received from NRI (OCI card holders) will be treated as domestic or foreign funds?
Ozg Lawyers Ⓥ Ozg Lawyers Ⓥ Ozg Lawyers Ⓥ Ozg LawyersIs fund received from NRI (OCI card holders) will be treated as domestic or foreign fund? It can be either of one and depends on following two points. Repatriable Investments (Foreign): Such investments are made through money in Non-resident external (NRE) accounts or FCNR accounts. These type of accounts […]
List of Donor Agencies exempted under FCRA
List of agencies of the United Nations, and other international agencies and organisationsnotified by the Central Government to be not covered by the definition of 'foreign source', under section 2(1)(j)(ii) of the Foreign Contribution (Regulation) Act, 2010The United Nations SystemI. Secretariat1. Office of Internal Oversight Services, New York.2. […]

(1) Every bank shall send a report to the Central Government within thirty days of any transaction in respect of receipt of foreign contribution by any person who is required to obtain a certificate of registration or prior permission under the Act, but who was not granted such certificate or prior permission as on the date of receipt of such remittance.

(2) The report referred to in sub-rule (1) shall contain the following details: –

(a) Name and address of the donor.

(b) Name and address of the recipient.

(c) Account number.

(d) Name of the Bank and Branch.

(e) Amount of foreign contribution (in foreign currency as well as Indian Rupees).

(f) Date of receipt.

(g) Manner of receipt of foreign contribution (cash/cheque/electronic transfer etc.).

(3) The bank shall send a report to the Central Government within thirty days from the date of such last transaction in respect of receipt of any foreign contribution in excess of one crore rupees or equivalent thereto in a single transaction or in transactions within duration of thirty days, by any person,

whether registered or not under the Act and such report shall include the following details:-