[et_pb_fullwidth_image admin_label=”Fullwidth Image” src=”https://vincyte.com/wp-content/uploads/2023/05/FCRA-Registration.png” alt=”FCRA Registration of society trust and section 8 company” show_in_lightbox=”off” url_new_window=”off” use_overlay=”off” animation=”left” use_border_color=”off” border_color=”#ffffff” border_style=”solid”]
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[et_pb_text admin_label=”Text” background_layout=”light” text_orientation=”right” text_font=”Ubuntu||||” text_font_size=”36″ text_text_color=”#662992″ use_border_color=”off” border_color=”#ffffff” border_style=”solid” text_line_height=”1.9em” text_font_size_tablet=”19″ text_font_size_last_edited=”on|phone” collapsed=”on”]
About FCRA
[/et_pb_text][et_pb_text admin_label=”Text” background_layout=”light” text_orientation=”left” use_border_color=”off” border_color=”#ffffff” border_style=”solid” text_font_size=”16″ text_letter_spacing=”1px”]Organizations seeking to receive foreign donations for specific cultural, social, economic, educational, or religious initiatives have to register with the FCRA or use the “prior permission” approach to receive foreign contributions. A Trust, Society, or Section 8 Company is preferred as an FCRA applicant.
According to Section 6(1) of the Foreign Contribution Regulation Act of 2010 mandates registration for charitable trusts, societies, and Section 8 companies that accept foreign donations or contributions.
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Eligibility for FCRA Registration
[/et_pb_text][et_pb_text admin_label=”Text” background_layout=”light” text_orientation=”left” text_font_size=”16″ text_letter_spacing=”1px” use_border_color=”off” border_color=”#ffffff” border_style=”solid”]- Organization must be registered under the Societies Registration Act, 1860 or the Indian Trusts Act, 1882 or section 8 of the Companies Act, 2013 etc.
- NGO making an application for registration have to open an FCRA Account i.e. a bank account with state bank of India, main branch, New Delhi.
- It should be in existence for at least 3 years and has been doing activity towards its aims and objectives for the benefit of the society for which the Foreign Contribution is proposed to be utilized.
- Minimum spent at least Rs. 10, 00,000/- over the last 3 years on its core activities for the benefit of the society during the last three financial years.
- Income & Expenditure statement, properly audited by practicing chartered accountant, for last three years are to be submitted, that will ensure it meets the financial parameter.
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Process and Documents for FCRA Registration
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[et_pb_blurb admin_label=”Blurb” title=”Copy of company incorporation certificate or trust deed must have been certified by the NGO.” url_new_window=”off” use_icon=”off” icon_color=”#662d91″ use_circle=”off” circle_color=”#662d91″ use_circle_border=”off” circle_border_color=”#662d91″ image=”https://vincyte.com/wp-content/uploads/2016/09/bullet.png” icon_placement=”left” animation=”top” background_layout=”light” text_orientation=”left” max_width=”16px” use_icon_font_size=”off” use_border_color=”off” border_color=”#ffffff” border_style=”solid” header_font_size=”16″ header_letter_spacing=”1px” alt=”fcra registration”]
[/et_pb_blurb][et_pb_blurb admin_label=”Blurb” title=”Copy of the Article of Incorporation or Memorandum of Association must have been certified by the NGO.” url_new_window=”off” use_icon=”off” icon_color=”#662d91″ use_circle=”off” circle_color=”#662d91″ use_circle_border=”off” circle_border_color=”#662d91″ image=”https://vincyte.com/wp-content/uploads/2016/09/bullet.png” icon_placement=”left” animation=”top” background_layout=”light” text_orientation=”left” max_width=”16px” use_icon_font_size=”off” use_border_color=”off” border_color=”#ffffff” border_style=”solid” header_font_size=”16″ header_letter_spacing=”1px” alt=”fcra registration”]
[/et_pb_blurb][et_pb_blurb admin_label=”Blurb” title=”Activities report for the past three years.” url_new_window=”off” use_icon=”off” icon_color=”#662d91″ use_circle=”off” circle_color=”#662d91″ use_circle_border=”off” circle_border_color=”#662d91″ image=”https://vincyte.com/wp-content/uploads/2016/09/bullet.png” icon_placement=”left” animation=”top” background_layout=”light” text_orientation=”left” max_width=”16px” use_icon_font_size=”off” use_border_color=”off” border_color=”#ffffff” border_style=”solid” header_font_size=”16″ header_letter_spacing=”1px” alt=”fcra registration”]
[/et_pb_blurb][et_pb_blurb admin_label=”Blurb” title=”Copy of Audited Financial Statements for last three years, clearly showing money spent on the NGO’s aim and object.” url_new_window=”off” use_icon=”off” icon_color=”#662d91″ use_circle=”off” circle_color=”#662d91″ use_circle_border=”off” circle_border_color=”#662d91″ image=”https://vincyte.com/wp-content/uploads/2016/09/bullet.png” icon_placement=”left” animation=”top” background_layout=”light” text_orientation=”left” max_width=”16px” use_icon_font_size=”off” use_border_color=”off” border_color=”#ffffff” border_style=”solid” header_font_size=”16″ header_letter_spacing=”1px” alt=”fcra registration”]
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Validity for FCRA
[/et_pb_text][et_pb_text admin_label=”Text” background_layout=”light” text_orientation=”left” text_font_size=”16″ text_letter_spacing=”1px” use_border_color=”off” border_color=”#ffffff” border_style=”solid”]Once FCRA certificate is issued to the NGO’s, it is valid for five years. A Renewal Application can be made six months before the day of expiry.
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Vendor Reconciliation
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