FCRA License

S CRA was enacted with the primary purpose of regulating the inflow of foreign contributions and ensuring that the received foreign contributions are not utilized for illegal purposes. All Individual,  Society, Section 8 Company, Trust, NGO, charitable organizations in India which receiving foreign contributions need to obtain approval under this Act.

FCRA is a consolidating act whose scope is to regulate the acceptance and utilisation of foreign contribution or foreign hospitality by certain individuals or associations or companies and to prohibit acceptance and utilization of foreign contribution or foreign hospitality for any activities detrimental to the national interest and for matters connected therewith or incidental thereto.

FCRA License is very Mandatory for  the Organisation which wants to receive fund from Foreign Country or Foreigners therefore various provisions applicable on it so such FCRA License should be as per provisions of the act otherwise such Non Compliance of these provisions lead to hefty fine, Penalty  on the Management of organisation.

We, Compliance Hands, a team of more than 50 qualified professionals like CA, CS, Advocates etc, having experience of more than 5 years of handling tasks like this and have completed more than 2000 projects. We ensure all the compliance on time and you can carry on your business without any hiccups.

Eligibility Criteria( if existence more than 3 years)-
The Association:
  • must be registered (under the Societies Registration Act, 1860 or Indian Trusts Act 1882 or section 8 of Companies Act, 2013 etc.)
  • normally be in existence for at least 3 years.
  • has undertaken reasonable activity in its field for the benefit of the society.
  • Has spent at least Rs.10,00,000/- (Rs. ten lakh) over the last three years on its activities. (Statements of Income & Expenditure, duly audited by Chartered Accountant, for the last three years are to be submitted)
Prior Approval(If existence is less than 3 Years)
  • must be registered (under the Societies Registration Act, 1860 or Indian Trusts Act 1882 or section 8 of Companies Act, 2013 etc.)
  • should submit a commitment letter from the donor indicating the amount of foreign contribution and the purpose
  • should submit copy of a reasonable project for the benefit of the society for which the foreign contribution is proposed to be utilized.
Who cannot accept Foreign Contribution-
  1. Election candidate
  2. Member of any legislature (MP and MLAs)
  3. Political party or office bearer thereof
  4. Organization of a political nature
  5. Correspondent, columnist, cartoonist, editor, owner, printer or publishers of a registered Newspaper.
  6. Judge, government servant or employee of any corporation or any other body controlled on owned by the Government.
  7. Association or company engaged in the production or broadcast of audio news, audio visual news or current affairs programmes through any electronic mode
  8. Any other individuals or associations who have been specifically prohibited by the Central Government

Fees

  • 2000/- for registration and 1000/- for prior permission (to be paid online)
Validity & renewal

Registration shall be valid for a period of 5 years and thereafter application for renewal of registration may be made before 6 months from the expiry of their existing registration.

1. General conditions for grant of registration and prior permission-

The ‘person’ making an application for registration or grant of prior permission-

  • is not fictitious or benami;
  • has not been prosecuted or convicted for creating communal tension or disharmony, has not been found guilty of diversion or mis-utilisation of its funds, is not engaged or likely to engage in propagation of sedition or advocate violent methods to achieve its ends, has not contravened any of the provisions of this Act;
  • has not been prohibited from accepting foreign contribution, is not likely to use the foreign contribution for personal gains or divert it for undesirable purposes
2. Obtain DARPAN ID from Darpan portal of NITI AYOG
3.Open a dedicated Foreign Contribution Bank Account

For Registration

  • Jpg file of signature of the chief functionary, 
  • Self-certified copy of PAN,  Resolution, 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;
  • A Copy of certificate issued by the Income Tax Authority under 80G & 12A of the Income Tax Act.
For Prior Permission
  • Jpg file of signature of the chief functionary
  • Self-certified copy of PAN, Resolution,  registration certificate/Trust deed etc., of the association
  • Duly signed Commitment Letter from Donor.
  • If functioning as editor, owner, printer or publisher of a publication registered under the Press and Registration of Books Act, 1867, a certificate from the Registrar of Newspapers for India that the publication is not a newspaper in terms of section 1(1) of the said Act.
  • A Copy of certificate issued by the Income Tax Authority under 80G & 12A of the Income Tax Act.
“Knowing Is Not Enough; We Must Apply. Wishing Is Not Enough; We Must Do.” – Johann Wolfgang Von Goethe

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