Societies, Charitable trusts, Section 8 Companies seeking foreign contribution or donation from foreign sources are required to obtainFCRA registration under Section 6(1) of Foreign Contribution Regulation Act, 2010.
FCRA registration is to be filed online and documents need to be submitted with Ministry of Home Affairs
Our expert at unfolding tax will happy to help for FCRA Registration
Types of FCRA Registration
There are 2 kinds of FCRA certificates:
- Prior consent certification which is possible after one year. Prior authorization certificate is provided to those NGOs who have finished a minimum of one year in running.
- Long-term certificate for 5 years. The NGO must be three years old. For this, Last 3 years annual report, audit report, copy of pan card, Bye laws of the NGO are required. After 5 years, FCRA certification must be renewed.
For obtaining registration under the FCRA the applicant association should preferably be registered under any of the following Acts:
- Societies Registration Act, 1860
- Indian Trusts Act 1882
- Charitable and religious Trusts Act 1920
- Companies Act 2013 (Section 8)
FCRA certification Specifies
- The person or group of persons who can participate and receive foreign contribution.
- The field or theme in respect of which the respective foreign contribution can be received.
- The tasks or purposes for which the same foreign contribution shall be utilized.
- It defines the respective sources from which the listed person or group of persons can accept foreign contribution under the foreign contribution regulation act.
Benefits of FCRA Registration
The NGO can approach different foreign financing companies after FCRA registration. Some of them are as follows
- British High Commission
- Japanese Embassy
Renewal of registration
Once FCRA registration is granted, it is valid for a period of five years. An application for renewal of FCRA registration can be made 6 months prior to the date of expiry, to keep the registration valid.
Application for FCRA registration in Form FC-3.
Self-certified copy of registration certificate/Trust deed etc., of the association.
- Self-certified copy of relevant pages of Memorandum of Association/ Article of Association showing aim and objects of the association.
- Activity Report indicating details of activities during the last three years.
- Copies of relevant audited statement of accounts for the past three years (Assets and Liabilities, Receipt and Payment, Income and Expenditure) clearly reflecting expenditure incurred on aims and objects of the association and on administrative expenditure.