Question

Consider the following about the recent amendments in Foreign Contribution (Regulation) Act (FCR

Q: Answer-Consider the following about the recent amendments in Foreign Contribution (Regulation) Act (FCRA)?...

The Union Home Ministry has amended certain rules related to the Foreign Contribution Regulation Act FCRA allowing Indians to receive up to Rs 10 lakh in a year from relatives staying abroad without informing the authorities. The earlier limit was Rs 1 lakh. The individuals will now have 90 days to inform the government instead of 30 days earlier. The new rules, Foreign Contribution Regulation Amendment Rules, 2022, were notified by the home ministry. The Foreign Contribution Regulation Rules, 2011, in rule 6 was amended. Rule 6 deals with intimation of receiving foreign funds from relatives.

A ? I. Now, Indians to receive up to Rs 10 lakh in a year from relatives staying abroad without informing the authorities. II. The individuals will now have 90 days to inform the government instead of 45 days earlier. III. FCRA Act was enacted in the year 1976. Which of the above statement is/are correct?

A I only

B II only

C III only

D I and III only

E II and III only

Practice Next