FCRA New Rules: The Union Ministry of Home Affairs (MHA) has changed some rules related to the Foreign Contribution (Regulation) Act (FCRA) to allow Indians living abroad up to Rs 10 lakh a year from their relatives. and for this they will not have to inform the authorities. Earlier its limit was one lakh rupees.
The ministry said in a notification that if the amount exceeds Rs 10 lakh, people will now get 90 days to inform the government instead of 30 days ago. The new rules, Foreign Contribution (Regulation) Amendment Rules, 2022 (FCRA 2022) have been implemented by the Ministry of Home Affairs through a gazette notification on Friday night.
In Rule 6 of the Foreign Contribution (Regulation) Rules, 2011, – ‘Rupees one lakh’, for ’10 lakh rupees’ and ’30 days’ for ‘three months’, the notification said. Rule 6 is related to receiving foreign donations from relatives.
How many days in advance willthe information be given?
It states that earlier, if a person received one lakh rupees or more by way of donation from any of his relatives in any financial year, he would have to inform the central government within 30 days for receiving such amount.
Similarly, Rule 9 has been modified. Through the new rules, individuals and organizations or non-governmental organizations (NGOs) have been given 45days to inform the Ministry of Home Affairs about the bank account which is to be used for the use of such money. Earlier this time limit was 30 days.
The Central Government has also abolished the provision ‘B’ in Rule 13. Now, for receiving foreign donations under FCRA, on the first day of every financial year beginning on April 1, within nine months of the end of the financial year, the existing procedure for providing account details on its website or on the website of the Center will have to be followed.
In case of receiving foreign contribution by an NGO or an individual, the provision of declaring such contribution quarterly on its official website has also been done away with.