FCRA provides that associations registered under the Act shall submit online annual reports with scanned copies of income and expenditure statements.
The home ministry has issued show cause notice to 1,775 organisations, including Infosys Foundation, Madras Christian College, Skoda Auto India and University of Rajasthan, for failing to submit their annual income and expenditure statement on foreign funds for six years despite repeater reminders.
The MHA warned that if they failed to submit the returns by December 1, “appropriate action” would be taken against them under the Foreign Contribution Regulation Act (FCRA).
Other organisations include Shree Siddhivinayak Ganapati Temple Trust, Mumbai; Loyola College Society, Vijayawada; Guru Harkrishan Education Society, Chandigarh; Allahabad Agricultural Institute; National Association for the Blind, Gujarat; Vivekananda Seva Sadan, West Bengal; Bombay Memons’ Education Society, and Rajiv Gandhi Social Service Centre, Madurai among others.
FCRA provides that associations registered under the Act shall submit online annual reports with scanned copies of of income and expenditure statements, receipts and payment accounts, balance sheets etc for every financial year within nine months of the closure of the financial year.
Such associations which do not receive foreign contribution during a particular year are also required to furnish a ‘Nil’ return for that financial year within the aforesaid period.
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