3 weeks, 1 day ago mycaguruKeymaster
Non-submission mandatory Annual Returns | FCRA
Non-submission mandatory Annual Returns | FCRA: Ministry of Home Affairs has release the list of Associations who have not submitted Annual Report in Form FC-4 after scrutiny of records for the years 2011-12 to 2016-17.
Non-submission of the mandatory Annual Returns/accounts is a violation of the Foreign Contribution Regulation Act, 2010 and the Foreign Contribution Regulation Rules 2011.
Also read- TDS Rates for FY 2018-19
Even the associations which do not receive foreign contribution during a particular year are also required to furnish a NIL return for that financial year.
These associations have been given time period of 15 days after which status of annual return will be reviewed by Ministry of Home Affairs & appropriate action will be taken against these associations as per Section 14 of the Foreign Contribution Regulation Act, 2010 for the said violation.
Click here to read the notification & list of associations.