According to a circular issued on June 7 2017, the NGOs have been asked to validate the accounts within 15 days.
HIGHLIGHTS
1. Government asks NGOs to submit details of their bank accounts.
2. NGOs must validate their accounts to continue receiving foreign funds.
3. Government had cancelled FCRA licences of around 20,000 in December, 2016.
The government has asked over 2000 non-government organisations or NGOs to validate their bank accounts designated to receive funds from foreign countries. Failure to do so could invite action.
Sources in the Home Ministry told India Today that the strict directive has come after several NGOs ignored previous notifications in this regard.
According to a circular issued on June 7 2017, the NGOs have been asked to validate the accounts within 15 days. The circular said all NGOs registered under the Foreign Contribution Regulation Act (FCRA) should receive donations from abroad in a single designated bank account.
In December last year, the government had cancelled FCRA licences of around 20,000 of 33,000 NGOs after they were found to be allegedly violating various provisions of the FCRA.
As per FCRA, if an NGO is put under prior permission category, it is barred to receive foreign funding from abroad without taking permission from the home ministry.
Source: http://indiatoday.intoday.in/story/ngos-foreign-funding-home-ministry-fcra/1/973455.html
HIGHLIGHTS
1. Government asks NGOs to submit details of their bank accounts.
2. NGOs must validate their accounts to continue receiving foreign funds.
3. Government had cancelled FCRA licences of around 20,000 in December, 2016.
The government has asked over 2000 non-government organisations or NGOs to validate their bank accounts designated to receive funds from foreign countries. Failure to do so could invite action.
Sources in the Home Ministry told India Today that the strict directive has come after several NGOs ignored previous notifications in this regard.
According to a circular issued on June 7 2017, the NGOs have been asked to validate the accounts within 15 days. The circular said all NGOs registered under the Foreign Contribution Regulation Act (FCRA) should receive donations from abroad in a single designated bank account.
In December last year, the government had cancelled FCRA licences of around 20,000 of 33,000 NGOs after they were found to be allegedly violating various provisions of the FCRA.
As per FCRA, if an NGO is put under prior permission category, it is barred to receive foreign funding from abroad without taking permission from the home ministry.
Source: http://indiatoday.intoday.in/
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