Mha Amends Fcra Rules Allows Relatives Living Abroad To Send Up To Rs 10 Lakh To Indians Without Restrictions – Fcra Rules

The Union Home Ministry has amended some rules related to the Foreign Contribution (Regulation) Act (FCRA) to now allow Indians to receive up to Rs 10 lakh a year from relatives living abroad without informing the authorities. Earlier this limit was up to one lakh rupees.

In a notification, the home ministry also said that if the amount exceeds this, individuals will now have 90 days to inform the government instead of thirty days earlier.

Notified by the Ministry of Home Affairs through a gazette notification
The new rules were notified by the Ministry of Home Affairs through a gazette notification on Friday night. “In rule 6 of the Foreign Contribution (Regulation) Rules, 2011, in rule 6, for one lakh rupees, the words ten lakh rupees and thirty days shall be substituted by the words three months,” the notification said.

Rule 6 deals with information on receipt of foreign money from relatives. It had earlier said that any person receiving foreign contribution of Rs 1 lakh or its equivalent in a financial year from any of his relatives shall, within 30 days from the receipt of such contribution, inform the Central Government (statement of funds). have to be informed.

Rule 9 also changed
Similarly rule 9 has been changed. Under this, the time for individuals or organizations or NGOs to inform the Ministry of Home Affairs about the bank account has been increased to 45 days. Earlier this time limit was 30 days. Rule 9 deals with the application for obtaining ‘registration’ or ‘prior permission’ under FCRA for receiving funds.

The Central Government has also ‘omitted’ the provision ‘B’ in Rule 13, which declares foreign funds including details of donors, amount received and date of receipt, etc., every quarter on its website.

Now, any person receiving foreign funds under FCRA has to comply with the existing provision of maintaining an audited statement of accounts on receipts and utilization of foreign contribution including income and expenditure statement, receipt and payment account and balance sheet for each financial year. Will have to do

The Home Ministry had in November 2020 made the FCRA rules stricter, making it clear that NGOs that are not directly associated with any political party, but active politics or partisan political action like bandhs, strikes or road jams If they participate in it, they will be deemed to be of a political nature.

Expansion

The Union Home Ministry has amended some rules related to the Foreign Contribution (Regulation) Act (FCRA) to now allow Indians to receive up to Rs 10 lakh a year from relatives living abroad without informing the authorities. Earlier this limit was up to one lakh rupees.

In a notification, the home ministry also said that if the amount exceeds this, individuals will now have 90 days to inform the government instead of thirty days earlier.

Notified by the Ministry of Home Affairs through a gazette notification

The new rules were notified by the Ministry of Home Affairs through a gazette notification on Friday night. “In rule 6 of the Foreign Contribution (Regulation) Rules, 2011, in rule 6, for one lakh rupees, the words ten lakh rupees and thirty days shall be substituted by the words three months,” the notification said.

Rule 6 deals with information on receipt of foreign money from relatives. It had earlier said that any person receiving foreign contribution of Rs 1 lakh or its equivalent in a financial year from any of his relatives shall, within 30 days from the receipt of such contribution, inform the Central Government (statement of funds). have to be informed.

Rule 9 also changed

Similarly rule 9 has been changed. Under this, the time for individuals or organizations or NGOs to inform the Ministry of Home Affairs about the bank account has been increased to 45 days. Earlier this time limit was 30 days. Rule 9 deals with the application for obtaining ‘registration’ or ‘prior permission’ under FCRA for receiving funds.

The Central Government has also ‘omitted’ the provision ‘B’ in Rule 13, which declares foreign funds including details of donors, amount received and date of receipt, etc., every quarter on its website.

Now, any person receiving foreign funds under FCRA has to comply with the existing provision of maintaining an audited statement of accounts on receipts and utilization of foreign contribution including income and expenditure statement, receipt and payment account and balance sheet for each financial year. Will have to do

The Home Ministry had in November 2020 made the FCRA rules stricter, making it clear that NGOs that are not directly associated with any political party, but active politics or partisan political action like bandhs, strikes or road jams If they participate in it, they will be deemed to be of a political nature.