Tag: fcra bank account

Procedure for opening & operating the designated FCRA Account

Procedure for opening & operating the designated “FCRA Account”  under amended Section 17(1) of The Foreign  Contribution (Regulation) Act , 2010 F.No. II/21022/23(35)/2019-FCRA-IIIGovernment of IndiaMinistry of Home AffairsForeigners Division, FCRA Wing First Floor, Major Dhyan Chand National StadiumIndia Gate Circle, New Delhi-110001 Dated : 13th October, 2020 PUBLIC …

Integration of FCRA Bank accounts of individuals, organisations receiving foreign contributions with PFMS

Integration of FCRA Bank accounts of individuals/organisations receiving foreign contributions under the FCRA, 2010 with the PFMS. The Foreign Contribution (Regulation) Act, 2010 (FCRA, 2010) regulates the acceptance of the foreign contribution (FC) or foreign hospitality by  certain individuals/associations/organisations/companies. The basis purpise of these Regulations is to ensure …