FCRA contribution has be to received ONLY through SBI NDMB (New Delhi Main Branch)
FCRA account with other nationalized bank branches can still be operative for making payments. Transfer credits in NDMB to other nationalized bank branches.
Local Contribution and Foreign contribution should not be mixed up in NDMB
Cap on Administrative expenses – reduced to 20% from 50% of Foreign Contribution (Cap of 5% on administrative expenses in case of CSR funding – local)
New procedure for renewal / surrender of registration
Prohibition of transfer of Foreign contributions to other institutions
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