The companies registered under the FCRA, must notify to the Ministry about any change in name of the organization, its Registered Office and aims and things within 30 days of the applicable change. Likewise, prior authorization will be needed from the stated the Ministry for any modification in the designated bank or replacement of majority of members of the governing body at the time of its registration under the FCRA.
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The management needs to be cognizant of various provisions of the FCRA and must strictly follow the exact same otherwise they could deal with a variety of strenuous punishments under the Act.
Foreign Contribution Regulation Act (FCRA) was enacted in the year 1976 and just recently, customized in the year 2010 with the prime goal of controlling the acceptance and usage of foreign contribution and foreign hospitality by associations and persons working in the crucial areas of nationwide interest. The focus of this Act is to guarantee that the foreign contribution and foreign hospitality is not made use of to influence electoral politics, public servants, judges and other individuals working in to the important areas of national interest viz journalists, printers and publishers of papers, and so on