Home » FCRA Cancellation List » All NGOs need to open fcra bank account in core branch only

All NGOs need to open fcra bank account in core branch only

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

  • 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. […]
  • Fcra Return Filing Due Date

Tightening the rules for NGOs, the Home Ministry has asked as many as 5,845 organisations to open their accounts in banks having core banking facilities and furnish details for real time access to security agencies in case of any discrepancy.

It is the latest in a series of steps taken by the NDA government aimed at checking “errant” NGOs, especially those receiving foreign funding. Registration of more than 10,000 NGOs have been cancelled and more than 1,300 have been denied a renewal over the last three years for various violations.

As of now, there are around 24,000 active NGOs in the country as against 40,000 in 2014—15.

In a communication, 3,768 NGOs have been told that their bank accounts are not available as per core banking format while 2,077 NGOs have been asked to furnish bank accounts details as no such data is available with the home ministry.

The move came after it was detected that many NGOs have their bank accounts in cooperative banks or state government— owned apex banks or banks which do not have core banking facilities, official sources said.

The Home Ministry wants that all NGOs registered under the Foreign Contribution Regulation Act mandatorily have their accounts in either nationalised banks or in a few private banks which have core banking facilities.

Under core banking system, all the branches of the networked banks are interconnected. This would allow the security agencies to access the accounts of the NGOs on real time basis.

PTI / 10 May 2017  

 


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

No Instagram images were found.