Fcra
This query is : Resolved
VISHVA VIJAY SHARMA
(Querist)
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.
CA. Anuj Gupta
(Expert)
29 August 2012
FCRAis only applicable if money/charity/donation is received from foreign sources.
Anuj
Femaquery@gmail.com
Anuj
Femaquery@gmail.com
VISHVA VIJAY SHARMA
(Querist)
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
CA. Anuj Gupta
(Expert)
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
Also FCRA doesn't come into picture money from outside India is received.
Anuj
femaquery@gmail.com
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