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Penalty cap under FCRA: amended rule limits penalties to no more than the value of foreign contribution involved. The corrigendum substitutes paragraph 2 of the prior notification to provide that the amount of penalty computed for any offence or offences listed in the notification's table shall not be more than the value of the foreign contribution involved, thereby capping monetary sanctions at the quantum of the foreign funds implicated.
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Penalty cap under FCRA: amended rule limits penalties to no more than the value of foreign contribution involved.
The corrigendum substitutes paragraph 2 of the prior notification to provide that the amount of penalty computed for any offence or offences listed in the notification's table shall not be more than the value of the foreign contribution involved, thereby capping monetary sanctions at the quantum of the foreign funds implicated.
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