Foreign funds registration

An Act to regulate the acceptance and utilization of foreign contribution or foreign hospitality by certain persons or associations, with a view to ensuring that parliamentary institutions, political associations and academic and other voluntary organizations as well as individuals working in the important areas of national life may function in a manner consistent with the values of a sovereign democratic republic, and for matters connected therewith or incidental thereto.

In the field of fcra, we can provide services in following fields:-

1. FCRA Annual Returns - Every financial year, the NGO registered under Foreign Contribution Regulation Act is required to file its fcra annual compliance online. Simultaneously, the hard copy is also submitted in the ministry. The NGO has to upload its bank statement along with audited balance sheet.
2. FCRA Prior Permission - If any non government organization becomes 1 year old and any foreign donor is willing to donate any amount to that social welfare organization, then in that case, the NGO can apply for fcra prior permission where the details of 1 or more number of donors are required specifically the donor's name, address, phone, email id, address etc.
3. FCRA Registration - This registration is possible only after 3 years on the condition that the NGO has done 10 lakhs expenses in the social welfare sector in the last 3 years. From the year 2015, the NGO will also have to do its FCRA renewal.

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