FCRA Registration
Starting from ₹15,000 + GST
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Table Of Content
FCRA Registration Made Easy
FCRA registration refers to registration under the Foreign Contribution (Regulation) Act, of 2010, which regulates the acceptance and utilization of foreign contributions by individuals, associations, and companies in India.
Organizations seeking to receive foreign contributions for social, educational, religious, economic, or cultural activities must register under FCRA to ensure transparency and accountability in the utilization of such funds.
Benefits of FCRA Registration
Legal Compliance and Acceptance of Foreign Funds
FCRA registration ensures legal compliance with foreign contribution regulations, allowing NGOs to receive foreign funds for various social welfare activities.
Enhanced Credibility and Access to Global Funding
FCRA registration enhances an NGO’s credibility, making it more trustworthy for international donors and facilitating access to a broader pool of global funding opportunities.
Tax Benefits and Transparency
FCRA-registered NGOs may enjoy tax benefits on foreign contributions and are required to maintain transparency and accountability in fund utilization, enhancing public trust.
Facilitates Partnerships and Supports Social Causes
FCRA registration facilitates partnerships with international organizations and supports critical social causes by mobilizing resources from overseas.
Global Recognition and Compliance with Donor Requirements
FCRA registration provides global recognition to NGOs and ensures compliance with donor requirements, enabling access to specific grants and projects.
Eligibility For FCRA Registration
Process for FCRA Registration
Step 1
Eligibility Check
- Verify eligibility based on operational history, activity type, and adherence to FCRA rules.
- NGOs engaging in social, cultural, educational, religious, or economic welfare initiatives could qualify.
Step 2
Preparing Documentation
- Collect necessary documents like registration certificate, audited financial statements verified by a Chartered Accountant, board resolution for FCRA registration, and evidence of a designated bank account for foreign contributions.
- The financial statements must show transparent utilization of foreign funds.
Step 3
Online Application
- Register accurately on the FCRA portal, providing details about the organization and key personnel.
- Complete the online application form with comprehensive information on objectives, activities, income sources, foreign contributions, etc. Upload clear and legible scanned copies of necessary documents.
Step 4
Submission and Verification
- Apply online with the required fees.
- FCRA authorities will verify the application and documents for compliance. Queries may arise if there are discrepancies or additional information is needed.
Step 5
Approval and Issuance
- Upon verification, FCRA issues the registration certificate, valid for a specific period and requiring renewal per guidelines.
- Maintain ongoing compliance with FCRA regulations for foreign contributions’ utilization and reporting.
Documents required for FCRA Registration
From Directors/ Trustees
For Address Proof
For Bank
FAQs
What is FCRA registration, and who needs it?
FCRA registration is mandatory for NGOs and other organizations receiving foreign contributions to ensure compliance with regulations.
What are the eligibility criteria for FCRA registration?
Organizations involved in social, cultural, educational, religious, and economic welfare activities are generally eligible.
What documents are required for FCRA registration?
Documents include the organization’s registration certificate, audited financial statements, board resolution, KYC documents of key personnel, and proof of designated bank account.
Can an organization apply for FCRA registration online?
Yes, FCRA registration can be done online through the FCRA portal.
How long does it take to get FCRA registration?
The processing time varies but generally takes a few months from application submission to issuance of the FCRA registration certificate.
Is there a fee for FCRA registration?
Yes, there is a prescribed fee for FCRA registration, which needs to be paid along with the application.
What are the responsibilities of an organization after obtaining FCRA registration?
Organizations must adhere to FCRA regulations regarding the utilization and reporting of foreign contributions, maintain proper records, and ensure transparency in their operations.
Can a foreign national be a part of an organization with FCRA registration?
Yes, foreign nationals can be part of an organization with FCRA registration, but they may have certain restrictions on involvement in financial matters.
What are the consequences of non-compliance with FCRA regulations?
Non-compliance can lead to penalties, suspension, or cancellation of FCRA registration, affecting the organization’s ability to receive foreign contributions.
How often does FCRA registration need to be renewed?
FCRA registration is typically valid for a specific period and needs to be renewed as per FCRA guidelines, usually every five years.