10,000 more NGOs may lose licence - News Summed Up

10,000 more NGOs may lose licence


While over 8,000 NGOs did file the returns under all the five formats, most did not comply entirely. NGOs that receive foreign grants are required to get a FCRA licence and file five annual return forms. Since the NDA government came to power, the FCRA licences of more than 11,000 NGOs have been cancelled. The NGOs were asked to submit their annual returns for five years, from 2010-11 to 2014-15. No compounding fee would be imposed on them for late filing of annual returns during this period, and this exemption was a one-time measure.


Source: The Hindu June 20, 2017 16:41 UTC



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