a) MHA vide circular F. NO. II/21022/23 (35)/2019-FCRA-III, DATED 13-10-2020 has issued procedure for opening and operating designated FCRA account as provided under amended section 17(1) of the foreign contribution (regulation) act, 2010.
b) The said circular has amended section 17 of The Foreign Contribution (Regulation) Amendment Act, 2020.
c) Every person who has been granted a certificate or given prior permission under section 12 shall receive foreign contribution only in an account designated as "FCRA Account" by the bank, which shall be opened by him for the purpose of remittances of foreign contribution in such branch of the State Bank of India at New Delhi, as the Central Government may, by notification, specify.
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