Sunday, August 16, 2015

300 institutions can accept funds from abroad without FCRA stamp



Other institutions eligible to accept foreign contribution without FCRA registration included the IITs, the Punjab University, and the School of Planning and Architecture.

Delhi University (DU), Jawaharlal Nehru University (JNU) and Gujarat National Law University are among around 300 institutions in the country that can accept foreign donations without being registered under the Foreign Contributions Regulation Act (FCRA), the MHA officials clarified.

While these institutions were on the list of organisations whose FCRA registration was cancelled in June, Home Ministry sources claimed that they did not require FCRA registration in the first place to accept foreign donations.

“If an institution is created by an Act of Parliament or by a state legislature, or its accounts are audited by the Comptroller and Auditor General of India (CAG), they are eligible to accept foreign contribution without registration under FCRA,” the official said. As per the Gazette Notification S.O. 1492(E) dated July 1, 2011, all statutory bodies constituted or established by or under a Central Act or state Act requiring to have their accounts compulsorily audited by the CAG were exempted from all the provisions of FCRA 2010.

Other institutions eligible to accept foreign contribution without FCRA registration included the IITs, the Punjab University, and the School of Planning and Architecture.

Source | Indian Express | 174 August 2015

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