Fcra

This query is : Resolved 

29 August 2012 please any one can tell me that micro finance by ngo to group of ladies through formation of a cluster is legal way to distribute seed money and permitted by fcra.

29 August 2012 FCRAis only applicable if money/charity/donation is received from foreign sources.

Anuj
Femaquery@gmail.com

29 August 2012 Anuj sir ngo get the donation for distribute the money as a seed money to beneficiaries, so can ngo distribute it through cluster system, is it legally possible

30 August 2012 There might be issues with the NBFC laws.

Also FCRA doesn't come into picture money from outside India is received.

Anuj
femaquery@gmail.com


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query



Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 12 March 2026
Customer Relationship Executive

TAXLET

Calicut

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details