Fcra
This query is : Resolved
DEBAJIT MONDAL
(Querist)
20 May 2014
Dear all, one of my client, an NGO has been receiving foreign donation for the past 10 years now, through wire transfer, without FCRA Registration. Neither their bank nor their CA had ever told them about. However, last month they have been told by their bank to get one. I have already done the application.
Now my query is that what would be the consequences of receiving those Foreign Donation for all those years. During the Home Ministry inspection by IB, would it pose a problem in getting the registration? What should I do about it?
Now my query is that what would be the consequences of receiving those Foreign Donation for all those years. During the Home Ministry inspection by IB, would it pose a problem in getting the registration? What should I do about it?
Nikhil Kaushik
(Expert)
20 May 2014
it can definitely cause problem given that FCRA cases are very closely monitored by IB and also reviewed by CA&G later on.
DEBAJIT MONDAL
(Querist)
21 May 2014
Thank you for your reply. Could you please advise me that how should I go about now?
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