New Delhi, Jun 23: The Home Ministry has revised the compounding penalties for a number of offences under the Foreign Contribution (Regulation) Act (FCRA), 2010, involving the receipt and utilisation of foreign contributions by non-governmental organisations.
he penalty for defraying foreign contributions beyond 20% of the contributions received for administrative expenses, in contravention of section 8 of the Act, will be Rs 1 lakh or 5% of the amount spent beyond the limit, whichever is higher.
The utilisation of foreign contribution in speculative activities, in contravention of section 8(1) of the Act read with rule 4 of the Foreign Contribution (Regulation) Rules, 2011, will now attract a penalty of Rs 1 lakh or 30% of the amount invested in such activities, whichever is higher.
|