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FCRA REGISTRATION

Beneficent Trusts, Societies, Section 8 Company that get remote commitment or gift from outside sources are required to get enlistment under Section 6(1) of Foreign Contribution Regulation Act, 2010. Such an enlistment under the Foreign Contribution Regulation Act, 2010 is known as a FCRA registration. In this article, we take a gander at the methodology for getting FCRA FCRA registration in India.

Eligibility for getting FCRA Registration

Associations looking for foreign contributions for positive social, social, monetary, instructive or religious projects may get FCRA registration or get outside contributions through “prior permission” route. It is best for a FCRA candidate to be a Trust or Society or a Section 8 Company. The not-revenue driven element must have additionally been in presence for at least three years while making the FCRA application and ought not have gotten any outside commitment before that without the Government’s endorsement. Furthermore, the substance looking for enlistment ought to have spent in any event Rs.10,00,000/ – in the course of the most recent three years on its points and protests, barring authoritative use. Proclamations of Income and Expenditure, properly reviewed by Chartered Accountant, for most recent three years are to be submitted to substantiate that it meets the money related parameter.

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