Caf America Radio Network

This podcast reviews the 5 important changes that have been made to India's FCRA law as a result of the September 28, 2020 Amendment. CAF America will review the new prohibition on Indian nonprofits re-granting funds received from foreign donors to other FCRA registered nonprofits. The Amendment reduces the cap on the use of foreign funds for administrative expenditure to a maximum 20%, requires Indian nonprofits wishing to receive foreign funds to open an FCRA Bank Account with State Bank of India, it grants the power to FCRA to freeze the funds in the FCRA bank account in case of non-compliance with the FCRA requirements, and enables the Ministry of Home Affairs to suspend FCRA registration of an organization for more than 6 months. Also, the provisions of the Amendment state that renewal of the FCRA license will happen every six months provided the applicant is not fictitious, not convicted for triggering communal tension, and not guilty of diversion of funds. These provisions will greatly impact cross-bo