Big overhaul of FCRA coming up. @AmitShah to present FCRA Amendment Bill in Lok Sabha at 3 p.m. today. https://m.timesofindia.com/india/public-servants-to-be-barred-from-receiving-foreign-contribution/articleshow/78214345.cms

Key changes proposed in #FCRA per TOI
- Admin exp limit down to 20%
- No transfer of FC to others
- Aadhar for full Board; passport for OCI
- Get all FC in SBI first; t/f to secondary a/c after this
- FCRA surrender after inquiry into lapses & handing over FC assets to Govt.

Proposed migration of all FCRA designated accounts to SBI New Delhi, needs to be thought through. How will charities and religious trusts spread across India open and manage accounts home-branched at Delhi?

Revised Sec. 17 creates an FCRA banking gateway in Delhi. Why? So no one can getaway? Really move...

Tired of #FCRA or of working with foreign funds? Want to surrender your certificate? Sure - but let’s check your pockets first. (Sec 14A)

And do please leave ALL your FCRA stuff behind. Car keys, office keys, training centre keys, bank passwords, fixed deposit receipts, chairs, tables, computers, laptops, projectors,stationery. And yes, land deeds.
At the DM’s office, if you please. (proposed Sec.14A and 15)

Revised sec. 7 of #FCRA is like a tectonic shift of philanthropy in India. Donor agencies & larger NGOs won’t be able to sub-grants FC funds to other FC-registered NGOs. It’ll change the landscape of Charity in India.