Context
The Ministry of Home Affairs (MHA) has issued a gazetted notification, amending the Foreign Contribution Regulation Act (FCRA) rules after mandating NGOs with FCRA licence to submit details of movable and immovable assets created out of foreign contributions.
Background
About the Amendment:
What is an NGO? A Non-Governmental Organisation (NGO) is a non-profitable charitable organization. In India, NGOs formed as trusts or societies are overseen by the state governments, while those formed under Section 8 of the Companies Act are subject to the Companies Act, 2013. |
How foreign funding is being regulated in India?
Criteria to seek FCRA registration:
Why Foreign Contributions are regulated?
Verifying, please be patient.