💨 Abstract
The Centre has updated the Foreign Contribution Regulation Act (FCRA), 2010, mandating that entities receiving foreign funding must use these funds within four years of obtaining them. The validity period for receiving foreign contribution will be three years from the date of approval of the application for prior permission. Any utilization of foreign contributions beyond the specified time limits will be considered a violation of FCRA, 2010.
Courtesy: theprint.in
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