Tuesday, May 14, 2019

The Home Ministry has cancelled the registration of Bengaluru-based NGO Infosys Foundation for alleged violation of norms in receiving foreign grants, officials said Monday. All non-government organisations (NGOs) are mandatorily required to be registered under the Foreign Contribution (Regulation) Act or FCRA to receive foreign funding. The Home Ministry had last year served show cause notice to Infosys Foundation for failing to submit annual income and expenditure statement on foreign funding for up to six years despite repeated reminders, officials said. The registration was cancelled as Infosys Foundation allegedly did not file income and expenditure statement on foreign funding for the past few years, they said. As per FCRA guidelines, registered associations are required to submit electronically an online annual report with scanned copies of income and expenditure statement, receipts and payment account, balance sheet, etc., for every financial year within nine months of the

from Companies http://bit.ly/2Hwz86L

Related Posts:

  • LATEST BUSINESS NEWSWhy South Korean TV shows - so-called K-dramas - are growing in popularity around the world. from BBC News - Business https://ift.tt/2y7GxYx … Read More
  • LATEST BUSINESS NEWSOPEC and its allies could consider a production increase of as much as 1.5 million barrels a day, Russian Energy Minister Alexander Novak said on Thursday from Markets https://ift.tt/2le21cQ … Read More
  • LATEST BUSINESS NEWSGovernment's substantial cash infusion of Rs 1.53 trn into state-run banks in FY19 would be adequate to cover credit costs emanating from stressed assets from Home Page https://ift.tt/2ylqdnc … Read More
  • LATEST BUSINESS NEWSThe 24 hour race at Le Mans is usually dominated by big car manufacturers. But this year smaller teams are in with a chance of victory. from BBC News - Business https://ift.tt/2l9uFvZ … Read More
  • LATEST BUSINESS NEWSLast October, after the Reserve Bank came out with new regulations for these companies, most of them had almost stopped lending from Economy & Policy https://ift.tt/2MxFxAc … Read More

0 comments:

Post a Comment

Followers

Contact Form

Name

Email *

Message *

Popular Posts

FOLLOW BY EMAIL

Enter your email address:

Delivered by FeedBurner