Top Institutions Given The Last Chance To Retain Their Licenses..!

4,842 institutes and organizations are given the last chance to retain their licenses to receive foreign funding by The Union Home Ministry.

Last Chance To Retain Their Licenses

In a notification issued by the ministry, it is stated that to retain their registration under the Foreign Contribution Regulation Act (FCRA), the institutes have to disclose their annual income and expenditure statements to the government by October 18, after paying penalty. The institutes which are given the last chance to retain their licenses.

The Union Home Ministry gave one last chance to IGNOU, Mumbai University, ICMR and other 4,842 institutes and organizations to continue their licenses to receive foreign funding. A statement issued by the home ministry suggested that under the Foreign Contribution Regulation Act, these institutes can retain their registration, if they disclose to the government their annual income and expenditure statements, after paying penalty by October 18.

The notification accessed by PTI said Institutes which are given the last chance to prolong their FCRA registration consist of Punjabi University, North Eastern Hill University, Pondicherry University, Sri Guru Tegh Bahadur Khalsa College and Indian Institute of Rural Development besides some others.

Last Chance To Retain Their Liceses
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Significance of FCRA

No organization is permissible to obtain funds from abroad if it is not registered under the FCRA. It is compulsory in the law for such organizations to present income and expenditure statement to the government annually or their registration stands cancel.

The home ministry said ‘FCRA registration of 18,681 organisations and institutes were canceled for not filing the returns for five consecutive years, 2010-11 to 2014-15, despite serving repeated notices’.

All these institutes were given a month`s time to report their returns between May 15 and June 17.  As many as 13,681 of them replied by filing the returns or responding to the home ministry notices. Though, 4,842 of these institutes and organizations did not act regardless of frequent notices. At present time, these 4,842 institutes and organizations are given the final chance to serve the returns by October 18, the home ministry said.

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