FCRA Registration Service How in apply in india 2020
FCRA license refers to the Foreign contribution regulation act receiving an FCRA registration is a prerequisite for a nonprofit whether registered or unregistered in India to accept foreign contributions or grants—whether in the form of sums of money or goods, articles, shares, or stock from any “foreign source.” This act regulated foriegn contributions, hospital, and other money donations. An NGO can receive foreign funds under foreing countries.
The Parliament of India enacted the Foreign Contributions Regulation Act in 1976 to regulate the acceptance and utilization of foreign contribution by certain individuals or associations especially, non-governmental organizations or nonprofits. The Act regulates the flow of foreign funds to voluntary organizations with the objective of preventing any possible diversion of such funds towards activities detrimental to national interest and to ensure that individuals and organizations function in a manner consistent with the values of the Indian government.
Eligibility for FCRA registration:
The eligibility for FCRA registration is that the NGO must be registered under the following acts-:
- Under Indian Trusts Act, 1882 as registered Trusts or
- Under Societies Registration Act, 1860 as registered Society or
- Under The Companies Act, 2013 as a Section 8 Company etc.
- Along with the organizational registration following pre-conditions are also required to be satisfied by the applicant to receive foreign contribution
- The FCRA registered institute must have been set up with charitable objective of serving the society in any manner like promotion of health, education, art, cultural, religious, sports etc.
- The organization must not have been prohibited as per Section 3 of the Foreign Contribution (Regulation) Act, 2010.
Request a Call Back
Documents required for FCRA registration
- PAN card of NGO
- Copy of certificate issued by the Income-tax authority under section 80G & 12A of the Income-tax Act
- Copies of audited statements of accounts for the last preceding years
- Bank details including Bank name, Account number, Bank address
- List of the governing body
- Annual report of NGO & details of work that has been done in the past 3 years
- Copy of resolution passed by the governing body of NGO
- Copy of undertaking from the chief functionary of the NGO
When is FCRA registration required?
Whenever any NGO either in the form of Trust, Society or Section 8 company is willing to receive any kind of foreign contribution or donation, they are required to obtain FCRA Registration under Section 6 (1) of Foreign Contribution (Regulation) Act, 2010.
Who is eligible for FCRA registration?
Any NGO, trust and society which is registered by the government of India.
- Indian Trust Act 1882
- The Companies Act 2013
- The Society registration act 1860
What is validity period of FCRA registration?
The FCRA registration certificate act is valid for the periodof 5 years.
Who cannot receive foreign contribution?
- Individuals or associations who have been prohibited from receiving foreign contributions.
- Member of any legislature
- Candidate for election
- Editor, Owner, Printer, Cartoonist, correspondent, columnist or publisher of a registered newspaper.
- Employee, Judge or government servant of any corporation or any other body controlled or owned by the government.
- Company or association engaged in the production or broadcast of audio news or audio visual news or any current affairs programs through any electric mode or any mode of mass communication.