Friday, October 22, 2021

‘FCRA tightened to stop funds transfer biz’


‘FCRA tightened to stop funds transfer biz’

22.10.2021

New Delhi:

The Union government on Thursday informed the Supreme Court that no NGO had a fundamental right to receive funds from abroad and argued that the provisions of the Foreign Contribution Regulation Act (FCRA) to stop the NGOs from making chain-transfers of foreign funds a business. In its response affidavit, the Centre said the amended section 7 only restricts transfer of foreign contributions

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