Govt directs 3,768 NGOs to validate bank accounts
The Home Ministry has directed as many as 3,768 NGOs across the nation to validate their foreign contribution designated accounts with banks, failure of which will invite penalty.
“All NGOs registered under the Foreign Contribution Regulation Act (FCRA) should receive donations from abroad in a single designated bank account,” said the Home Ministry in a circular.
Joint Secretary (Foreigners) in the Home Ministry, Mukesh Mittal said that these associations are required to validate their foreign designated accounts and also the utilisation accounts immediately and send the details, including the bank branch, code, account number, IFSC etc.
The ministry also announced a list of 2,025 NGOs, who have not yet validated their FCRA designated accounts.
The NDA government has already cancelled the registration of more than 10,000 NGOs in the last three years for alleged non-filing of annual returns as directed by the FCRA.
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Via:: Stock – India Infoline