Fcra prior permission

683 views 1 replies

Dear Experts

Hello to All and a Very Happy New Year to All.

 

I have a query relating to FCRA prior permission.

Can any body let me know that if in a Section 25 Company

1.All the Directors are of foreign nationals, can we apply for prior permission,

2.According to FCRA rules there are specific criteria for them but in my case they donot fulfil any of  those.

3.In this case can we appoint a Indian Director in Board and apply for FCRA prior permission.

If not kindly suggest how this Company can apply for prior permission with FCRA.

 

Thanks and Regards

CS Khusboo

 

Replies (1)
Originally posted by : khusboo

Dear Experts
Hello to All and a Very Happy New Year to All.
 
I have a query relating to FCRA prior permission.
Can any body let me know that if in a Section 25 Company
1.All the Directors are of foreign nationals, can we apply for prior permission,

NO, In my view FCRA Office shall not permit prior permission in such case.


2.According to FCRA rules there are specific criteria for them but in my case they donot fulfil any of  those.

Then you can't get FCRA prior permission

 

3.In this case can we appoint a Indian Director in Board and apply for FCRA prior permission.
If not kindly suggest how this Company can apply for prior permission with FCRA.

You need to change the complete Board to get FCRA prior permission .

Thanks and Regards
CS Khusboo
 


Anuj

femaquery @ gmail.com

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
24 June 2026
Chartered Accountant

CA Darshita Shah & Co

Nadiad

CA

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
24 June 2026
Senior Account (VA Client Operations)

Karbon Business

Bengaluru

CA Inter

View Details
Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details