Hotline: 1800 102 2007
Hotline: 1800 102 2007
Sep, 23 2017

Institutions Given Final chance To Retain FCRA

In a notification yesterday, the Home Ministry said these institutes can retain their registration under the Foreign Contribution Regulation Act if they disclose to the government their annual income and expenditure statements by October 18 after paying p

Institutions Given Final chance To Retain FCRA

IGNOU, Mumbai University and ICMR are among 4,842 institutes and organisations which have been given a final chance by the Union Home Ministry to retain their licences to receive foreign funding.

In a notification yesterday, the Home Ministry said these institutes can retain their registration under the Foreign Contribution Regulation Act if they disclose to the government their annual income and expenditure statements by October 18 after paying penalty.

No organisation is allowed to receive funds from abroad unless it is registered under the FCRA. It is mandatory under the law for such organisations to submit income and expenditure statement to the government annually else their registration is cancelled.

The Home Ministry said that FCRA registration of 18,681 organisations and institutes were cancelled for not filing the returns for five consecutive years, 2010–11 to 2014–15, despite serving repeated notices.

All of them were given a month’s time to file their returns between May 15 and June 17. As many as 13,681 of them responded by filing the returns or by responding to the home ministry notices. However, 4,842 of these institutes and organisations did not respond despite repeated notices.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Quick Service Restaurants
    About Us: Our founder Mr. Rajesh Rana a.k.a Raju Bhai started..
    Locations looking for expansion Maharashtra
    Establishment year 1984
    Franchising Launch Date 2015
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Haveli Maharashtra
  • Quick Service Restaurants
    To own a business in food & beverages industry, Chick..
    Locations looking for expansion Tamil Nadu
    Establishment year 2009
    Franchising Launch Date 2013
    Investment size Rs. 5lac - 10lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Salem Tamil Nadu
  • Real Estate Sub
    About Us: RE/MAX is one of the World’s largest and most..
    Locations looking for expansion New Delhi
    Establishment year 1973
    Franchising Launch Date 2009
    Investment size Rs. 10lac - 20lac
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater South Delhi New Delhi
  • Automobile Maintenance
    About Us: We are the only one who is providing warranty..
    Locations looking for expansion Haryana
    Establishment year 2019
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities