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MHA amends FCRA rules allowing relatives living abroad to send up to INR 10,000 to Indians without restrictions – India Indian News

The Federal Home Office has amended some rules regarding the Foreign Contributions (Regulation) Act (FCRA) to allow Indians to receive up to INR 10,000 annually from their relatives living abroad without informing them to the authorities. Earlier its limit was Rs one lakh. In a notice, the ministry said that if the amount was more than Rs 10,000, people would now have 90 days to report to the government instead of the previous 30 days.

The new rules, Foreign Contribution (Regulation) Amendment Rules, 2022 were notified by the Ministry of the Interior through a Gazette notice on Friday evening. The notification read, “In the Foreign Contribution (Regulation) Rules, 2011, in Rule 6, the words ‘one lakh rupees’, the phrase ’10 lakh rupees’; and for the words ’30 days’, the words ‘three months’ are substituted.

Earlier this amount was one lakh rupees

Article 6 deals with receiving foreign donations from relatives. He states that earlier, if a person received by donation more than one rupee or an equal amount from any of his relatives in any financial year, he would have to notify the Central Government within 30 days of receiving such amount. It was . Similarly, Rule 9, which relates to registration under the FCRA and the requirement for prior authorization to receive foreign contributions, has been amended.

45 days to provide information

Through the revised rules, individuals and organizations or NGOs have been given 45 days to inform the Home Office which bank account will be used to use the funds. Earlier the time limit was 30 days. Now, upon receipt of the foreign contribution under the FCRA, on the first day of each fiscal year beginning on April 1, within nine months of the end of the fiscal year, the current procedure for providing a statement of account on its website or on its website is to be followed by the government central.

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