The Ministry of Home Affairs notified the procedure for opening and operating the designated (FCRA Account) as provided under the amended Section 17(1) of the Foreign Contribution (Regulation) Act, 2010.
The Government in the view of the exigencies arising out of the COVID-19 situation and to ensure a smooth transition to the amended FCRA regime, in the exercise of the powers conferred by section 50 of the Foreign Contribution (Regulation) Act, 2010, the Central Government made the various amendments to the Public Notice dated October 13, 2020.
“The existing FCRA account holders have now to open the “FCRA Account” in the New Delhi Main Branch (NDMB) of the State Bank of India, 11 Sansad Marg, New Delhi-110001 up to 30th June 2021 or earlier. After that date they shall not be eligible to receive FC in any account other than the “FCRA Account” opened in the NDMB,” the MHA in a public notice said.
All the persons/NGOs/Associations who already have been granted certificate of registration or prior permission by the Central Government may take note that they shall not receive any FC in any account other than the designated “FCRA Account” opened at NDMB the SBI, 11, Sansad Marg, New Delhi – 110 001 from the date of opening of such account OR 1st July, 2021, whichever is earlier.
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