Possibilities of Foreign Funds with FCRA Registration
Maintain your NGO's resources with fcra registration that facilitate foreign contributions, find affordable logo registration services with the easy process of online company registration as well as copyright registration and trademark registration services to make sure for securing your service mark and original invention.
1) Of any article, not being an article given to a person as a gift for his personal use, if the market value, in India, of such article, on the date of such gift, is not more than such sum as may be specified from time to time, by the Central Government by the rules made by it in this behalf;
Application for getting prior permission or receiving foreign contribution may be made to Ministry of Home Affairs in the prescribed form FC-1A. Along with the application form, a commitment letter from the donor foreign source is also mandatory to be submitted after receipt of the application, the same is processed by MHA. Generally, associations which are new or are in informative stage but are caring programmes in the cultural, social, educational, economic and religious fields are granted prior permission. Such associations are required to produce annual returns in context of utilization of foreign contribution to MHA in FC-3 form duly certified by chartered accountant.
Registration and Process:
Any person or association may apply for obtaining grant of registration to receive foreign contribution to Ministry of Home Affairs in the FC-8 Form. Then, on receipt of the application, it is processed by MHA according to the provisions of the Act. Generally, registration is granted to such associations or persons who are carrying genuine work in their chosen field of work. Associations verification certificates are submitted in the prescribed format get registrations within a fortnight of submission of application. After the grant of registration, the association can receive funds from any foreign source but it has to furnish its utilization details to ministry of Home affairs. Generally registration applications are processed within six months of the receipt of application copyright registration.
Any organization having a definite cultural/ social/ educational/ religious/ economic object shall only accept foreign contribution after satisfying two conditions:
(i) It must register itself with the Central Government.
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