FCRA exemption to Govt. organisations compulsorily audited by CAG

FCRA exemption to organisations constituted under a Central/State Act etc. getting accounts compulsorily audited by CAG / its agencies

MINISTRY OF HOME AFFAIRS

ORDER

New Delhi, the 30th January, 2020

S.O. 459(E).—Whereas the Central Government is of the opinion that it is necessary and expedient in the interest of the general public to exempt organisations (not being a political party), constituted or established by or under a Central Act or a State Act or by any administrative or executive order of the Central Government or any State Government and wholly owned by the respective Government and required to have their accounts compulsorily audited by the Comptroller and Auditor General of India (CAG) or any of the agencies of the CAG, from the operation of the Foreign Contribution (Regulation) Act, 2010 (42 of 2010);

Now, therefore, in exercise of the powers conferred by section 50 of the Foreign Contribution (Regulation) Act, 2010 and in supersession of the Order of the Government of India in the Ministry of Home Affairs published in the Official Gazette vide number S.O. 1492(E), dated the 1st July, 2011, except as respects things done or omitted to be done before such supersession, the Central Government hereby exempts all the said organisations from the operation of all the provisions of the said Act with effect from the date of publication of this order in the Official Gazette.

[F. No. II/21022/23(37)/2019-FCRA-III]

ANIL MALIK, Addl. Secy.

Download Notification Click Here >>

• Discontinuance of business of firm will not vest ownership of firm’s property with partners
• Release of seized jewellery/gold u/s 132B within 120 days is directory not mandatory
• ICAI issues FAQs on key accounting implications arising from New Labour Codes
• Deduction u/s 80-IA(7) not allowed for delayed filing of audit report in Form 10CCB
• Is CSR expenditure is allowable under section 80G of Income Tax Act – ITAT says “Yes”