Foreign contribution regulation: mandatory electronic filings, standardised FC forms, and PFMS integrated designated bank accounts required. Amendments to the Foreign Contribution (Regulation) Rules, 2011 require electronic filing of applications and intimations, substitute and standardise forms (notably FC-3A, FC-3B, FC-3C and FC-6 series), and mandate designated FC bank accounts in core-banking compliant banks integrated with PFMS. The rules prescribe detailed form content for registration, prior permission, renewal, account returns and various change intimations, require governing body resolutions and specified enclosures, and tighten reporting, transfer and certification requirements to ensure utilisation complies with the Act's restrictions on national interest and public order.
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Foreign contribution regulation: mandatory electronic filings, standardised FC forms, and PFMS integrated designated bank accounts required.
Amendments to the Foreign Contribution (Regulation) Rules, 2011 require electronic filing of applications and intimations, substitute and standardise forms (notably FC-3A, FC-3B, FC-3C and FC-6 series), and mandate designated FC bank accounts in core-banking compliant banks integrated with PFMS. The rules prescribe detailed form content for registration, prior permission, renewal, account returns and various change intimations, require governing body resolutions and specified enclosures, and tighten reporting, transfer and certification requirements to ensure utilisation complies with the Act's restrictions on national interest and public order.
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