Now, for FCRA registration in India, the new Foreign Contribution (Regulation ) Act, 2010, has been put into effect from May 2011 (in compliance to the Gazette Notification vide S. O. 999 E, dated April 29, 2011, issued by the Ministry of Home Affairs, the Govt. of India). Here it deserves to be mentioned that the FCRA registration is essential and mandatory for acquiring and utilizing foreign funds from any foreign sources by any organization or company established and active in India. The main and ultimate objectives behind FCRA registration by the Central Government of India, are to facilitate well the acquiring of foreign contributions and grants by Indian entities, and ensure proper, lawful, and best possible utilization of the same for various philanthropic and noble purposes.
FCRA Registration ServicesNow, for obtaining permanent FCRA registration, the applicant organization has to seek proper permission of the Central Government of India through the Form FC-3, duly filled in up in triplicate. After filing electronically the online Form FC-3, the applicant entity will have to submit the hard copy of the online application (within thirty days of online submission) after being duly signed by the chief functionary of the entity, along with all required documents and information regarding the organization. Ours well-informed and proficient attorneys have been helping numerous trusts, societies, association, and social welfare organizations, in obtaining FCRA registrations as per their varying requirements.
The generic requirements for FCRA registration in India include the following information and documents:----well-audited financial accounts for past three consecutive financial years; detailed report of all developmental works and activities during last three years; certificate of registration; copies of the articles of association (AOA), and the memorandum of association (MOA) of the association; a newly opened bank account for handling all foreign funds; list of the works to be done using the foreign funds (to be received), along with details of the States and Districts proposed for such developmental works; letters of the prospective donors; tax exemption certificate (if any) under section 80G or 12A of the Indian Income Tax Act of 1961; and other necessary information and documents.