Foreign Contribution Regulation Amendment Act 2020 amends certain provisions of Foreign Contribution (Regulation) Act, 2010. The act aims at keeping a check on foreigners influencing the Indian electoral politics, journalists, public servants etc. for wrong purposes or activities detrimental to the public interest. Here is a brief introduction to the provisions of the FCRA 2010:
- A provision was made for the cancellation of registrations of NGOs if the Home Ministry believes that the organisation is political and not neutral.
- The registration certificate granted to the NGOs under the 2010 act came with five-year validity.
- A provision was inserted stating that the assets of the person who has become a defunct need to be disposed of in a manner stated by the government.
- A separate account needs to be maintained by the organisations to deposit the Foreign Contributions received and no other funds except for Foreign Contributions shall be deposited in that account.
- Every bank would be obligated to report to the prescribed authority, the amount of foreign remittances received and other related details such as the source, manner of receipt etc.
Further Reading:
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