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 >>
Where medical certificate not held to be forged and fictitious, rejecting appeal on ground of delay unjustified In a recent…
FTP 2023 amended to allow One Star Export House status to applicants (other than for Gems & Jewelry Sector) based…
Agricultural land is outside the definition of capital asset, therefore, the deeming provision u/s 56(2)(x) cannot be invoked - ITAT…
NSDL latest e-TDS TCS RPU version 1.2 for Tax Year 2026-27 NSDL has revised the e-TDS TCS RPU utility for…
Assessee entitled to claim deprecation u/s 11(6) if corresponding capital expenditure was not claimed as application of income - ITAT…
Chartered Accountants issuing certificates in Form 15CB/Form146 are expected to exercise due care, diligence and professional judgment – CBDT CBDT…