Government relaxes FCRA norms; hikes limit for foreign contribution from relatives
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- Last Updated on 4 July, 2022
Notification No. G.S.R. 506(E), Dated 1.07.2022
The Government has notified the Foreign Contribution (Regulation) Amendment Rules, 2022. Now any person receiving a foreign contribution in excess of Rs. 10 lakh or equivalent thereto in a financial year from any of his relatives shall inform the Government regarding the details of the foreign contribution received by him in e-form in Form FC-1. Earlier the limit prescribed was of Rs. 3 lakh. Further, the form FC-1shall be filed within 3 months from the date of receipt of such contribution. Earlier the timeline for intimation was 30 days.
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