AMN
The Central Government has amended the Foreign Contribution (Regulation) Rules, 2022 aiming to reduce the compliance burden on citizens.
The Minister of State for Home Affairs in a press release today said, as per the amended rule any person receiving Foreign contributions of more than 10 Lakh rupees in a financial year from relatives has to intimate to Central Government within three months of receipt. Earlier such monetary threshold limit was one Lakh rupees and intimation to Central Govt. was required within thirty days.