Hello experts!
We have a client who is running an educational institute registered as trust. They have received a foreign contribution towards welfare of physically challenged students. When the same was remitted to bank, they were informed that they need to have an FCRA registration certificate from Govt. of India, issued by ministry of home affairs.
I tried to find out the procedure to get them registered for receiving the foreign funds, however i have a doubt as to which form is to be used for the same? Is it Form FC-3 or FC-8? Can we obtain prior permission for deposit of the fund already received and later apply for registration? If yes, should we be using form FC-4 for the same?
Hoipng to get a solution for my query as soon as possible.
Thank you all!
CAclubindia
