FCRA Registration
| Market Price: | ₹ 8000 |
|---|---|
| Foundry Price: | ₹5000 excl. GST |
| ₹5900 incl. GST | |
| You Save: | ₹ 3000 (37.5%) |
About this item
- FCRA Registration
FCRA Registration
Charitable Trusts, Societies, Section 8 Company that receive foreign contribution or donation from foreign sources are required to obtain registration under Section 6(1) of Foreign Contribution Regulation Act, 2010. Such a registration under the Foreign Contribution Regulation Act, 2010 is called a FCRA registration.
Organizations seeking foreign contributions for definite cultural, social, economic, educational or religious programmes may obtain FCRA registration or receive foreign contribution through “prior permission” route. It is preferable for an FCRA applicant to be a Trust or Society or a Section 8 Company. The not-for-profit entity must have also been in existence for a minimum of three years while making the FCRA application and should not have received any foreign contribution prior to that without the Government’s approval. Additionally, the entity seeking registration should have spent at least Rs.10,00,000/- over the last three years on its aims and objects, excluding administrative expenditure. Statements of Income & Expenditure, duly audited by Chartered Accountant, for last three years are to be submitted to substantiate that it meets the financial parameter.
In case a newly registered entity would like to receive foreign contributions, then approval for a specific activity, specific purpose and from a specific source can be made to the Ministry of Home Affairs through the Prior Permission (PP) method.
Criteria for grant of FCRA Registration
In order to be eligible to apply for proper FCRA registration following minimum requirements must be met with:
- Be registered under the Societies Registration Act, 1860 or the Indian Trusts Act, 1882 or section 8 of the Companies Act, 2013 etc.
- Any person making an application for registration shall have an FCRA Account i.e. a bank account with state bank of India, main branch, New Delhi.
- An association should be in existence for at least 3 years and has undertaken reasonable activity in its chosen field for the benefit of the society for which the Foreign Contribution is proposed to be utilized.
- An association should have spent at least Rs. 15, 00,000/- over the last 3 years on its core activities for the benefit of the society during the last three financial years.The central government in exceptional cases or in cases where the person making
- The registration application is controlled by the CG or SG may waive this condition of Rs. 15,00,000.
- A person making an application may also include the existing capital investments, like bank, building, vehicles, etc. in computation of its eligibility of minimum spending of Rs.15 Lakh then such person shall:
- Give an undertaking that the assets shall be vested henceforth with the person till the validity of the certificate.
- They shall be utilised only for the activities covered under the Act.
- The rules made thereunder and shall not be diverted for any other purpose till the validity of its certificate of registration remains valid.
- An association should have 12A registration certificate as well as registration certificate also.
Documents Required for the FCRA Registration
Following documents are necessary for the registration under FCRA such as
| Name of the Document | Desired Size |
|---|---|
| Registration Certificate of Association | 1 MB (PDF) |
| Memorandum of Association/Trust deed | 5 MB(PDF) |
| Activity Report for the last three years | 3 MB(PDF) |
| Audited Statement of accounts for the last 3 years | 5 MB(PDF) |
| Associations has to upload affidavit of each key functionary | 1 MB(PDF) |
| Chief Functionary signature (140 (Width) * 60 (Height) Pixel) | 50 KB |
| Seal of the Association (140 (Width) * 60 (Height) Pixel) | 100 KB |
