The Centre on Monday informed that anyone receiving foreign funding under the prior permission category of the Foreign Contribution Regulation Act (FCRA) will have to spend it within four years. In a notice, the MHA said anyone registered under the FCRA can accept any foreign contribution only after obtaining the prior permission by making an application.
“Such prior permission will be valid for the specific activities or projects for which it is obtained and from the specific source,” the notification read.
“The validity period for receiving foreign contributions shall be three years from the date of approval of the application for prior permission. The validity period for utilising the said foreign contribution shall be four years from the date of approval of the application for prior permission,” it said. “Any receipt or utilisation of the foreign contribution beyond the above said time limits shall be a violation of FCRA, 2010.”
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