FCRA registration not a right to get foreign money credited; always subject to MHA clearance: Karnataka High Court

The Court explained that the credit of money from foreign sources to bank account is always subject to clearance from the Union Ministry of Home Affairs (MHA).
Ministry of Home Affairs with FCRA
Ministry of Home Affairs with FCRAFacebook

The Karnataka High Court recently said that the possession of a permanent registration under the Foreign Contribution (Regulation) Act of 2010 (FCRA), does not create any right in favour of a person or organisation to get the foreign donation amount credited in the bank account [Manasa Centre For Development And Social Action Vs. The Managing Director, The Development Credit Bank Ltd].

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