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FCRA Terms and Conditions
what is the procedure for obtaining registration certificate under FCRA by a society registered under Societies Registration Act. and opening bank account specifically for receiving Contributions from foreign? Thanks..!
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The association must:-
- Be registered under the Societies Registration Act, 1860 or the Indian Trusts Act, 1882 or registered as Section 8 Company as per the Companies Act, 2013 or any such Act as may be required.
- Submit a specific commitment letter from the donor to the Ministry of Home Affairs which indicates:-
– Amount of contribution given
– Purpose for which it is proposed to be given - Where the Indian recipient organization and foreign donor organization have common members, the following conditions need to be met:-
– The Chief Functionary of the Indian organization can’t be part of the donor organization.
– At least 51% of the members/office-bearers of the governing body of the Indian recipient organization should not be employees/members of the foreign donor organization.
– Where the foreign donor is an individual:
1. He cannot be the Chief Functionary of the Indian organization.
2. At least 51% office bearers/members of the governing body of the recipient organization should not be the family members and close relatives of the donor.
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