Any organization or individual in India that wishes to accept foreign contributions must register under the FCRA. This includes NGOs, non-profit organizations, societies, trusts, and Section 8 companies, among others.
Yes, it is mandatory to register under the FCRA or obtain prior permission to accept foreign contributions. Failure to do so can result in penalties and legal consequences.
The documents required for FCRA registration typically include the organization’s registration certificate, audited financial statements, details of key office-bearers, project details, and bank account details, among others. The specific requirements may vary, and it is advisable to consult with experts for accurate guidance.
The process for FCRA registration involves preparing the necessary documentation, filing an online application with the Ministry of Home Affairs, and completing the verification process. Upon successful evaluation, the organization will be issued an FCRA registration certificate.
Ongoing compliance requirements include submitting annual returns (FC-6) with the details of foreign contributions received and utilized, maintaining separate designated bank accounts for foreign contributions, and undergoing foreign contribution audits by a chartered accountant.
Non-compliance with the FCRA can lead to penalties, suspension, or cancellation of registration/permission. It is essential to adhere to the regulations to avoid legal complications and maintain the organization’s credibility.
No, foreign contributions received under the FCRA cannot be used for activities that are detrimental to the national interest, such as promoting communal disharmony, undermining national security, or encouraging activities prejudicial to the sovereignty and integrity of India.
No, organizations must either be registered under the FCRA or obtain prior permission to accept foreign contributions. Receiving foreign contributions without registration or permission is a violation of the FCRA.
The FCRA registration certificate is generally valid for a period of five years. Organizations must apply for renewal well in advance to ensure continuity of their foreign funding.
Yes, FCRA-registered organizations can receive foreign contributions from foreign individuals, as well as foreign companies, foundations, or entities that are legally allowed to make donations.
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