FCRA Amendment Bill Approved by Centre: New Timelines for Foreign Funds and Asset Seizure Proposed

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Centre Clears FCRA Amendment Bill: Tighter Foreign Fund Oversight, Asset Takeover

Centre Clears FCRA Amendment Bill: Tighter Foreign Fund Oversight, Asset Takeover

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CNBC TV18•19-03-2026, 13:38

Centre Clears FCRA Amendment Bill: Tighter Foreign Fund Oversight, Asset Takeover

•Union Cabinet approves FCRA amendment bill for stricter oversight of foreign funding and assets.
•Proposed changes empower Centre to set timelines for foreign fund receipt and utilization by associations.
•Bill introduces statutory framework for authorities to take over and manage assets of organizations with cancelled/lapsed FCRA licenses.
•Aims to address gaps in handling assets built with foreign funds after an entity loses its registration.
•Measures positioned to safeguard national and public interest by tightening governance around fund flows and asset utilization.

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