FCRA Registration.
Those NGOs (Charitable Trusts, Societies, Section 8 Company) supposed to receive foreign donations/contributions from foreign sources are required to obtain registration under Section 6(1) of Foreign Contribution Regulation Act, 2010. It is called an FCRA registration
Following are the benefit of FCRA
If The Acceptance Of Foreign Contribution By The Association Is Likely To Be Prejudicial To
(A) The Sovereignty And Integrity Of India;
(B) Free And Fair Elections To Any Legislature Or House Of Parliament;
(C) Public Interest;
(D) Friendly Relations With A Foreign State; Or
(E) & Harmony Between Any Religious, Social, Linguistic, Regional Groups, Caste Or Community.
Following are the disadvantages of FCRA
Registration Process
Form FC-3 has to file for FCRA registration.
Following documents must be submitted along with FC-3
The NGO must have a DARPAN ID.
Self-attested copy of Trust deed and society Registration Certificate etc.
Self- attested copy of Memorandum of Association/ Article of Association (AOA) for Section 8 Companies
Number of Activities done in last three years;
Copies of relevant audited financial statement of accounts for the past three years (Assets and Liabilities, Receipt and Payment, Income and Expenditure) clearly reflecting expenditure incurred on aims and objects of the association and on administrative expenditure Once FCRA registration is granted, it is valid for a period of five years.
Renewal of FCRA
Renewal of FCRA registration can be made prior to the6 months from the date of expiry.
FCRA Registration.
Those NGOs (Charitable Trusts, Societies, Section 8 Company) supposed to receive foreign donations/contributions from foreign sources are required to obtain registration under Section 6(1) of Foreign Contribution Regulation Act, 2010. It is called an FCRA registration
Following are the benefit of FCRA
If The Acceptance Of Foreign Contribution By The Association Is Likely To Be Prejudicial To
(A) The Sovereignty And Integrity Of India;
(B) Free And Fair Elections To Any Legislature Or House Of Parliament;
(C) Public Interest;
(D) Friendly Relations With A Foreign State; Or
(E) & Harmony between Any Religious, Social, Linguistic, Regional Groups, Caste Or Community.
Following are the disadvantages of FCRA
Documents required.
One Time Fee
Service Provide Within 15 Days
Yearly Fee
Services Provided Before the Due Date
According to Section 2(1)(h) of FCRA, 2010, foreign contribution means any amount deliver, transfer by foreign sources.
Ans. No. foreign contribution excludes earnings from foreign client(s) by a person in lieu of goods sold or services rendered by it as this is a transaction of commercial nature
A ‘person’, that is defined in Section 2(1)(m) with the exclusion
of those mentioned in Section 3 of FCRA, 2010,
A person defined under the exclusion of Section 3(1) of FCRA, 2010,
a candidate for election;
Judge, government servant, member of any legislature; or employee of any Corporation or any
other body controlled on owned by the Government
correspondent, columnist, cartoonist, editor, owner, printer or
publisher of a registered newspaper;
member of any legislature;
the political party or office bearer thereof;
organization of a political nature.
Yes. FCRA means that foreign contribution is received from known legitimate sources and utilized for legitimate purposes/public welfare by any person.
A list of banned organizations is available in MHA’s. website
Ans. Yes. Any amount received from a ‘foreign source’ in rupees or foreign currency is considered a ‘foreign contribution’ under law. Such transactions even in rupees term are considered foreign contribution