Fcra Registration

By Author: Ayushi Mishra
Total Articles: 17
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The department of FCRA Registration comes under the Ministry of Home Affairs. So as to control the foreign contribution or foreign hospitality received by any person, organization or corporation the Government has incorporated laws and guidelines identifying with such transactions. For this reason the Foreign Contribution (Regulation) Act, 2010 was enacted. Societies, Charitable Trusts, Section 8 Company that obtains foreign donation or contribution from foreign sources is requisite to get registration under Section 6(1) of Foreign Contribution Regulation Act, 2010. Therefore, registration under the Foreign Contribution Regulation Act, 2010 is known as FCRA registration.

Also, the association looking for registration ought to have spent at least Rs.10, 00,000 lakhs in the course of the last 3 years on its items, barring administrative expenses. Statements of Expenditure and Income, properly reviewed by Chartered Accountant, for the last 3 years are to be submitted to approve that it meets the financial parameter. If an organization which is newly registered, might want to get foreign donations, at that point approval ...
... for a particular action, specific reason and from a particular source could be made to the Ministry of Home Affairs through the Prior Permission (PP) process.

Types of FCRA Registration
FCRA Registration application could be characterized in two kinds, one is proper FCRA registration and other is prior permissions.

Document Required for FCRA Registration
The following documents must be submitted:

Copy of registration official document of society.

Copies of the audited statements of accounts for the past 3 years.

Copies of the annual report of the past 3 years.

Bank Details such as Name, Account Number and Address.

List of Governing Body.

Owner’s Name.

Father’s Name.

Occupation.

Designation.

Address.

Name of the chief functionary and mobile Number.

Telephone Number of the office.

Copy of PAN Card of the Trust / Society.