WebThe FCRA is applicable to all associations, groups and NGOs which intend to receive foreign donations. It is mandatory for all such NGOs to register themselves under the … WebJun 9, 2015 · Under FCRA, any entity with over 50% investment from foreigners, PIOs, OCIs, foreign companies or FIIs is considered a foreign source. FCRA’s applicability depends on the way CSR is implemented. If a foreign source company pays NGOs to do charitable work, the NGO must have FCRA permission.
Amendments to the Foreign Contribution (Regulation) Act:
WebAction under FCRA: The government has taken action against several foreign agencies under the FCRA rules, restricting them from funding Indian NGOs without specific approval from the government WebApplicability of FCRA –Case Study 7 XYZ Inc. USA had opened current account with an authorised dealer in India to receive refund of income tax paid in India. XYZ Inc receives a refund of Rs. 1,00,00,000/-. XYZ Inc. wishes to donate this amount to NGO in India instead of repatriating the same back to USA. steps into english 2 macmillan
FCRA amendments crippling our work, say NGOs - The …
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