|
|
|
Infosys, Skoda among 1,775 entities served notice for failure to file returns
|
|
|
|
Top Stories |
|
|
|
|
SME Times News Bureau | 20 Nov, 2018
Infosys Foundation, Skoda Auto India, University of Rajasthan and Madras
Christian College are among 1,775 entities issued show-cause notice
under the Foreign Contribution (Regulation) Act for their failure to
submit annual income and expenditure statements on foreign fundings,
officials said on Tuesday.
The Union Home Ministry issued the
notice on November 16 after these entities failed to file returns for up
to six consecutive financial years from 2011-12 to 2016-17 despite
reminders.
In its notice, the Ministry said these entities or
associations have not submitted online their income and expenditure
statements, receipts, payment account details and balance sheets.
The
Ministry warned that if they fail to submit the returns for the said
period by December 1, 2018, "appropriate action" will be taken under the
FCRA.
Apart from Infosys, Skoda Auto India, University of
Rajasthan, Madras Christian College, the entities and associations
served the notice include the Shree Siddhivinayak Ganapati Temple Trust,
Mumbai; Loyola College Society, Vijayawada; Guru Harkrishan Education
Society, Chandigarh; and Allahabad Agricultural Institute.
The
National Association for the Blind, Gujarat; Vivekananda Seva Sadan,
West Bengal; Bombay Memons' Education Society; Rajiv Gandhi Social
Service Centre, Madurai; Jawahar Sarvodya Vikas Samiti, Nalanda, Bihar;
Indira Mahila Bikash Samiti, Odisha; Nehru Yuva Sankalp Sansthan,
Rajasthan; and Jain Vishva Bharati Institute, a deemed university
located at Nagaur in Rajasthan are among those served the notice.
Young
Men's Christian Association, Kutch, Gujarat; Midas Trust, Mumbai; Mewat
Educational and Development Society, Haryana; North East Institute of
Fashion Technology, Guwahati; and Jamia Islamia Ashraf Ul Ullom Arabic
Education Public Charitable Trust, Visakhapatnam were also served the
shjow-cause notice.
The FCRA provides that associations
registered under the Act shall submit electronically online annual
report with scanned copies of income and expenditure statements,
receipts and payment accounts, balance sheets etc., for every financial
year within nine months of the closure of the financial year.
The
associations which do not receive foreign contribution during a
particular year are also required to furnish a NIL return for that
financial year within the aforesaid period.
Earlier, a similar
notice was served on April 24, 2018 to these associations advising them
to submit annual report or accounts of the missing years electronically
online immediately.
"...the said associations are hereby directed
to explain within a period of 15 days from the date of issue of this
show-cause notice as to why appropriate action under the FCRA may not be
initiated against them," the notice read.
|
|
|
|
|
|
|
|
|
|
|
|
|
Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
|
|
Daily Poll |
|
|
PM Modi's recent US visit to redefine India-US bilateral relations |
|
|
|
|
|
Commented Stories |
|
|
|
|
|
|
|
|