Associations whose FCRA registration expired can pay compounding penalty and fees from FCRA bank account
FCRA allows association(s) whose FCRA registration validity has expired, to pay the compounding penalty and fees from the FCRA bank account
As per Rule 12(5) of the Foreign Contribution (Regulation) Rules 2011 (FCRR, 2011), no person whose certificate of registration has ceased to exist shall either receive or utilise foreign contribution until the certificate is renewed. Accordingly, such NGO/associations whose registration has ceased after expiry of validity period, are not able to make payment of compounding and fees from the FCRA bank account.
In view of the above, the Home Ministry, in exercise of the powers conferred under section 50 of the FCRA 2010, has now allowed association(s) whose FCRA registration validity has expired, to pay the compounding penalty and fees from the FCRA bank account held with State Bank of India, New Delhi Main Branch, through FCRA online portal by introducing “SBI Branch Payment”. However, any other receipt/utilisation from FCRA Bank account, during this period, would amount to the violation of FCRA 2010 and liable for penal action.
Download FCRA Notice Click Here >>
When quantum appeal stands restored to the AO, penalty can not be levied u/s 221(1) of the Income Tax Act…
Even if, the assessee is engaged in the bogus purchases, the entire purchases cannot be disallowed - ITAT In a…
Order to stock broker through WhatsApp may be considered as legally verifiable record - SEBI SEBI in an informal guidance…
ICAI Guidance Note on Audit of Banks 2026 Edition ICAI has issued 2025 edition of the Guidance Note on Audit…
NHIDCL is hiring CA/CMA and others as Young Professionals – Last date to apply is 14.04.2026 The National Highways and…
Income Tax Rules 2026 notified by CBDT. CBDT has issued Notification No. 22/2026 dated 20.03.2026 to notify the Income-tax Rules,…