STATEMENT OF OBJECTS AND REASONS
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....interest, public order or national security. The Act came into force on 1st May, 2011 and has been amended in the years 2016, 2018 and 2020. At present, approximately 16,000 associations are registered under the Act and receive around Rs. 22,000 crore annually. 2. Over the period, certain operational and legal gaps have been identified, particularly in relation to the management of foreign cont....
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.... authority, including provisional and permanent vesting; to provide timelines for receipt and utilisation under prior permission; to provide for cessation of certificate; to regulate handling of assets during suspension; to rationalise penalties; and to require prior approval of the Central Government for initiation of investigation. 4. The Foreign Contribution (Regulation) Amendment Bill, 2026....
TaxTMI