Corpbiz Legal
Joined over 4 years ago.Bio
The FCRA was enacted with the primary purpose of regulating the inflow of foreign contributions and ensuring that the received foreign contributions are not utilized for illegal purposes. All charitable organizations in India receiving foreign contributions come under the purview of this Act. Over the last few years, the Home Ministry has been scrutinizing the flow of foreign funds to all charitable organizations in India and the Ministry has also canceled the licenses of over 8000 charitable organizations due to non-compliance with the reporting requirements stipulated under the Act.
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Corpbiz Legal signed up
over 4 years ago