Functional comparability governs selection of support-service and IT-enabled service comparables, with verification required for unresolved data and m...
Bank account freezing requires statutory authority; anti-money-laundering compliance and KYC monitoring do not permit unilateral indefinite restrictio...
The MHA issued the Foreign Contribution (Regulation) Amendment Rules, 2025, effective from publication date, introducing significant modifications to FCRA compliance requirements. Key amendments include revised documentation requirements for registration (Form FC-3A), prior permission (Form FC-3B), and renewal (Form FC-3C) applications. The rules mandate additional documentary evidence such as financial statements, activity reports, affidavits, and specific undertakings. New provisions enhance transparency by requiring detailed asset reporting, project expense breakdowns, and declarations regarding administrative expenses, donor commitments, and adherence to Financial Action Task Force guidelines. The amendments aim to strengthen regulatory oversight and accountability of organizations receiving foreign contributions.
The MHA issued the Foreign Contribution (Regulation) Amendment Rules, 2025, effective from publication date, introducing significant modifications to FCRA compliance requirements. Key amendments include revised documentation requirements for registration (Form FC-3A), prior permission (Form FC-3B), and renewal (Form FC-3C) applications. The rules mandate additional documentary evidence such as financial statements, activity reports, affidavits, and specific undertakings. New provisions enhance transparency by requiring detailed asset reporting, project expense breakdowns, and declarations regarding administrative expenses, donor commitments, and adherence to Financial Action Task Force guidelines. The amendments aim to strengthen regulatory oversight and accountability of organizations receiving foreign contributions.
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