Corporate Updates – 05-11-2014


Ministry of Home Affairs has come out with a Circular stating that the association’s registered under FCRA are utilizing funds out of their Foreign Contribution Designated accounts for withdrawing huge amount of Foreign Contribution in cash. Accordingly all associations are advised that items of expenditure amounting to Rs. 20,000/- or more should be done by cheque / or through demand drafts. Further any payments made in cash in excess of Rs. 20,000/- could result in scrutiny.


Versions of Form DIR – 3 & DIR – 3C are modified w.e.f today, the 5th November, 2014. Only new version of the eForms will be acceptable. Stakeholders are requested to plan accordingly and ensure that you have downloaded the latest version for filing and uploading the latest version only. Form-wise date of last version change is available at on the website of MCA, to view & download, the list of all such Forms, Click Here.


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