FCRA: Centre amends seven points in 2011 rules
FCRA: Centre amends seven points in 2011 rules
Share:

New Delhi: The Foreign Contribution (Regulation) Act (FCRA) rules 2011 have undergone seven significant revisions by the central government with the goal of outlawing the acceptance and use of foreign contributions or foreign hospitality for any activities that are harmful to the interests of the country.

Foreign Contribution (Regulation) Amendment Laws, 2022, as the new rules are now known, went into force on Friday (July 1) after being published in the Official Gazette and being announced by the Ministry of Home Affairs (MHA). The 2011 Foreign Contribution (Regulation) Rules have been amended by the new regulations.

"The Central Government now promulgates the following regulations to further alter the Foreign Contribution (Regulation) Rules, 2011, in accordance with the authority granted by section 48 of the Foreign Contribution (Regulation) Act, 2010 (42 of 2010). The Foreign Contribution (Regulation) Amendment Rules, 2022, may be used to refer to these regulations "the announcement said.

There are around seven amendments in the new rules. The terms "one lakh rupees" and "ten lakh rupees," respectively, are replaced in rule 6 along with the words "thirty days" and "three months," respectively.

Additionally, rule 9 has been modified. In sub-rule (1), clause (e), the words "fifteen days" shall be replaced with the phrases "forty-five days," and in sub-rule (2), clause (e), the words "fifteen days" shall be replaced with the words "forty-five days." The new regulations do not include clause (b) of rule 13; in rule 17A, the words "forty-five days" shall be substituted for the words "fifteen days."

Central govt to promote its 8000 employees, will also get reservation benefit

Big Tech Cos pose risk to financial stability: RBI

Govt raises export tax on petrol, diesel & ATF

 

Join NewsTrack Whatsapp group
Related News