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SBI FCRA ACCOUNTS
SBI seeks clarity on handling of bank accounts, deposits under FCRA billState Bank of India officials are seeking clarity on handling accounts when an organization’s registration is suspended. They highlighted r...- SBI seeks clarity on bank accounts under proposed FCRA rulesState Bank of India presented to the Joint Parliamentary Committee regarding the Foreign Contribution (Regulation) Amendment Bill. Official...
- FCRA licence of IndustriALL Global Union's India arm nixedThe Union home ministry has cancelled the FCRA licence of IndustriALL Global Union’s India arm, stating such organisations do not require i...
- Interest, income from grants must be credited back to FCRA account: MHAThe Ministry of Home Affairs has instructed NGOs that interest income from foreign contributions must be credited to FCRA utilisation accou...
- RBI makes changes in NEFT, RTGS for daily reporting of foreign remittancesIn a circular, the RBI said in terms of extant requirements of the Ministry of Home Affairs (MHA), the donor details such as name, address,...
- MEA's Think Tank among 30 NGOs to lose FCRA licenceSeveral non-governmental organisations (NGOs) had approached the home ministry seeking restoration of their FCRA licences on the grounds th...
- Nearly 19,000 NGOs have opened SBI accounts under FCRA till nowOfficials said that with a large number of NGOs already registered with the SBI, a fresh extension is not required, but they might consider...
- Asked our centres not to operate foreign currency accounts till renewal of FCRA registration: Missionaries of Charity"We would like to clarify that the FCRA registration of the Missionaries of Charity has been neither suspended nor cancelled. There is no f...
- Home Ministry refused FCRA renewal application of Missionaries of CharityThe MHA statement came hours after West Bengal Chief Minister Mamata Banerjee claimed the Centre had frozen all bank accounts of the organi...
- All NGOs, except one, allowed to open A/cs with SBI New Delhi branch under FCRA: MHA to HCThe Centre on Thursday also said that it is the “stand of the MHA (ministry of home affairs) that all the applications from NGOs applying f...
- NGOs urge Delhi HC to formalise 7-day limit for Home MinistryUnder the new Foreign Contribution Regulation Act (FCRA) laws, NGOs are required to obtain a prior approval from the central government for...
- Open NGOs’ A/Cs under FCRA in 10 days of central nod: HC to SBIJustice Rekha Palli issued the order after the court was informed by some NGOs that despite receiving the approval from the Union home mini...
- Ensure FCRA accounts opened for NGOs within 10 days of MHA approval: Delhi HC to SBIThe Delhi High Court on Thursday directed the State Bank of India (SBI) to ensure it opens FCRA accounts for NGOs within 10 days of receivi...
- NGOs get 4 months more to renew FCRA licencesThe earlier deadline for renewal of FCRA licences was May 31 and March 31, 2021, for opening of bank accounts at the designated SBI branch ...
- Govt extends FCRA registration date for NGOs till September 30Another order issued by the ministry said the non-government organisations (NGOs) can open their FCRA accounts to receive foreign donations...
- New FCRA rules choking NGO funding, stalls Covid relief workNon-profit organisations are knocking on several doors, trying to convince authorities of the urgent need to relax the regulations — which ...
- Can NGOs receive foreign contributions pending MHA approval as their services required:HC to CentreThe query by Justice Prathiba M Singh came during hearing of the pleas by two NGOs which had not yet received approval of the Ministry of H...
- MHA advises NGOs on switch to new FCRA regimeIn a table put on the FCRA website on Friday, the home ministry spelt out the requirements needed to be fulfilled under the amended Act and...
- Home Ministry relaxes account norms for NGOs under the Foreign Contribution Regulation ActThe home ministry has set a deadline of March 31, 2021 for NGOs registered under FCRA to open an account at the specified branch of SBI. “F...
- Docking NGOs for a few bad apples? FCRA may cause unintended hurdles for the genuine onesPast experience may have led to introduction of greater control of NGOs yet some other amendments will only result in unintended operationa...
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