FCRA Registration Process

In India, fcra registration is made under the Foreign Contribution (Regulation) Act, 1976. The fcra registration in india is provided for two main categories of necessities --- for receiving one-time grant from any one specified foreign source, and the other is, for obtaining frequent contributions or funds from many different foreign sources. We offer proficient services for obtaining these both types of fcra registrations as per the need of our clients. The procedures for acquiring these registrations are described in the last section of this article. The necessary documents to be submitted for fcra registration are --- copy of the Company or Society registration certificate; copies of the Memorandum of Association (MOA) and the Articles of the Association (AOA), letters in favor of the foreign grants; a newly opened Bank Account for handling foreign funds, well-audited Financial Statements of last three consecutive years, information about all developmental Works done by the applicant entity in last three years, and other information demanded.

FCRA Registration
For acquiring contributions or grants from foreign sources, the fcra registration is inevitably essential. Every sovereign country recommends fcra registration with the concerned governmental department or authority, to facilitate the receipt of foreign funds and contributions by private societies, trusts, institutions, associations, and NGOs established in any part of the country. The main and ultimate objectives of the fcra registration are to legalize the receiving of foreign funds by any domestic agency or entity, and to ensure that the received funds are being utilized properly and strictly for the specified purposes. Ours globally reputed law firm, which has been offering elegant services regarding all areas of legal practice in countries worldwide, additionally provides swift services for fcra registrations. In this article, being offered is information about ours fcra registration services in India, and well-rounded information regarding the fcra registration in india. For over a decade, ours law firm has been serving people and entities engaged in all diverse economic sectors in India or abroad.

Fcra related with foreign funding. Your Ngo must be at least 3 years old and its balance sheet should show a total expenditure of more than 10 lakhs for the 3 years excluding the office expenses. An application for registration of an organization for acceptance of foreign contribution shall be made electronically on-line in Form FC-3, and shall be followed by forwarding the hard copy of the on-line application duly signed by the Chief Functionary of the association together with the required documents.
FCRA was enacted with the objective of regulating the acceptance and utilization of foreign contribution and foreign hospitality by persons and associations working in important areas of national life. The focus of this act is to ensure that foreign contribution and foreign hospitality is not utilized to affect or influence electoral politics, public servants, judges and other people working in important areas of national life like journalists, printers and publishers of news papers. Any organization having a definite cultural, social, educational, religious, economic object shall only accept foreign contribution after satisfying two conditions like-:

1. It must register itself under the central government
2. It must agree to receive foreign contribution only through one specified bank acco

Checklist of documents to be filed
i) Form FC-8 duly filled up in triplicate.
ii) Audited statement of accounts of past three years.
iii) Annual Report specifying activities of past 5 years.
iv) Detail of the beneficiaries and detail of the socio-economic factors of the region in which the NGO is working.
v) List and geographical detail of the state, and districts proposed for work.
vi) Certified copy of the Registration Certificate.
vii) Certified copy of the Bye-laws and Memorandum and Article of Association whichever is applicable.
viii) Copy of certificates of exemption or registration issued by the Income Tax Department u/s. 80G and 12A.
ix) Copy of any prior permission granted to the organisation.
x) Copy of resolution of Governing Body of the organisation, authorising the registration under FCRA.
xi) Copy of Power of Attorney or the resolution of Governing Body by which the Chief Functionary is authorised to submit FC-8.
xii) List of present members of the Governing Body of the organisation and the office bearers.
xiii) Copy of any Journal or other publication of the organisation.
xiv) If the association is having any parent or sister or subsidiary organisation, which is registered under the FCRA then the registration number along with Ministry of Home Affairs file number should be mentioned.
xv) If the association has submitted any application earlier then its reference number should be mentioned.
xvi) If the association has received any foreign contribution with or without the prior approval of the Central Government, then the detail should be given.