Foreign donations
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 May 2015
Can a Foreign citizen being a trustee of an Indian trust transfer funds transferred to his individual foreign account to the trust account?
What are the regulations that are affected?
Are FEMA regulations to be satisfied?
Please Guide me.
Thanks in advance.
What are the regulations that are affected?
Are FEMA regulations to be satisfied?
Please Guide me.
Thanks in advance.
09 May 2015
The Trust has to be registered with FCRA(Foreign contribution regulation Act) and follow it regulations to receive donations from foreign citizens.
See the link for registration.
https://fcraonline.nic.in/fc_login.aspx
See the link for registration.
https://fcraonline.nic.in/fc_login.aspx
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