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: Greetings from USPFC!! U.S. Pizza and Fried Chicken have come..
    Locations looking for expansion Rajasthan
    Establishment year 2013
    Franchising Launch Date 2014
    Investment size Rs. 5lac - 10lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Jaipur Rajasthan
  • Furniture/Home Decor & Furnishing
    About us Hawamahal, a retail chain from the house of S&S..
    Locations looking for expansion Uttar Pradesh
    Establishment year 2019
    Franchising Launch Date 2020
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Noida Uttar Pradesh
  • Facility Management
    About Us: Favorz is into 360 degree cleaning service which primarily..
    Locations looking for expansion Haryana
    Establishment year 2015
    Franchising Launch Date 2019
    Investment size Rs. 50000 - 2lac
    Space required 10
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater GURGAON Haryana
  • About Us: Alnoor Goat Farm is a Livestock Properitership firm based..
    Locations looking for expansion Rajasthan
    Establishment year 2010
    Franchising Launch Date 2018
    Investment size Rs. 50000 - 2lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gangrar Rajasthan
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities