Foreign Contribution rules now require a designated FCRA account, digital filings, fees via payment gateway, and stricter conditions for registration and large grants. The amendment mandates opening and disclosure of a designated FCRA Account for receipt of foreign contribution, requires electronic form for filings and payment of specified fees via the Central Government payment gateway, sets eligibility conditions for registration and prior permission (including three years' existence/minimum core spending and donor-recipient safeguards), permits instalmentised receipt for amounts over one crore subject to 75% utilisation proof and field inquiry, and provides that unutilised funds and assets vest with the prescribed authority where registration ceases or is cancelled.
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Foreign Contribution rules now require a designated FCRA account, digital filings, fees via payment gateway, and stricter conditions for registration and large grants.
The amendment mandates opening and disclosure of a designated FCRA Account for receipt of foreign contribution, requires electronic form for filings and payment of specified fees via the Central Government payment gateway, sets eligibility conditions for registration and prior permission (including three years' existence/minimum core spending and donor-recipient safeguards), permits instalmentised receipt for amounts over one crore subject to 75% utilisation proof and field inquiry, and provides that unutilised funds and assets vest with the prescribed authority where registration ceases or is cancelled.
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