By Madhavan | Foreign Contribution Regulation Act (FCRA) | Comments to Proposed Bill

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Also see : 2% Charity Cess, Government Acts(By Topic), Government Schemes

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The Foreign Contribution Regulation Bill, 2006 has been introduced and is now being examined by the Standing Committee on Home. This law will replace the FCRA, 1976. We are preparing a Legislative Brief examining the implications of the proposals.

This law affects every NGO that receives contribution from any foreign source. (“Foreign source” includes any company with 50%+ shares held by non-Indians – so this includes companies such as ICICI and Infosys).

Have you read this Bill? [The bill is uploaded in http://www.karmayog.org/fcra/ ]

It might also be useful to pass the Bill along to the affected NGOs.

By-

Dr. M R Madhavan

PRS Legislative Research

Centre for Policy Research

Dharma Marg, Chanakyapuri, New Delhi 110 021

Tel: +91 11 26115273–76 (B), +91 98990 25838 (M)

Fax: +91 11 26872746

www.prsindia.org

madhavan@prsindia.org

Also see : 2% Charity Cess, Government Acts(By Topic), Government Schemes