Before this amendment, the Annual Return filed in FCRAonline Form FC-4 under 3(b) only required “details of the purchase of fresh assets” for projects for which foreign contribution is received and utilized. Under the this amendment, two new tables 3(ba) & 3(bb) have been added.

Please see the tables here below:

Now, NGOs would have a clear idea regarding assets that need to be frozen in case FCRA registration is cancelled or even voluntarily surrendered, the assets (movable and immovable) that could potentially vest in the ‘competent authority’.

NGOs who have already filed the Annual Return in FC-4 are wondering if they can revise what has already been submitted. No, once any FC form is submitted online there is no provision for revision.

The FCRA law is very particular in that there should not be any direct or indirect misuse of FCRA funds and assets created using FCRA funds. If you need guidance, consultation, or legal advice, please feel free to contact us.

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