Fcra contribution
Querist : Anonymous
the querist already has a foreign contribution account.
Dear querist,
Normally it is other way around where banks flag a donation as foreign contribution and the NGO treats it otherwise. Regardless bank does has a right to question the source.
To prove your case, you need to provide the shareholding details of the company.
For your assistance, please note that money coming from a company registered in India more than one-half of the nominal value of its share capital is held, either singly or in the aggregate, by one or more of the following, namely:-
(A) the Government of a foreign country or territory;
(B) the citizens of a foreign country or territory;
(C) corporations incorporated in a foreign country or territory;
(D) trusts, societies or other associations of individuals (whether
incorporated or not), formed or registered in a foreign country or territory;
(E) foreign company;
shall be treated as foreign source.
Querist : Anonymous
very good morning and Thanking you for all,
which document we have collect from Donner to submit to Bank because of Bank people asked us proper document for proof of Donation foreign or Indian concurrence
Querist : Anonymous
very good morning and Thanking you for all,
which document we have collect from Donner to submit to Bank because of Bank people asked us proper document for proof of Donation foreign or Indian concurrence
Querist : Anonymous
we go through this information to solve the problem if any information regarding this matter please share to us
thanking
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