Benefits of FCRA registrations
FCRA registration will help the charitable NGO for legally receiving contribution from abroad.
Eligibility Criteria
There are two type of registration
- Normal Registration
- Prior permission Registration
Normal Registration:
- The applicant 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.
- Must spend a minimum Rs.15L in the last three years towards achieving its objects.
- Must made reasonable contribution for the benefits of the society.
- The financials must be audited by a practicing charted accountants.
- If newly registered entity required approval than they should mention the specific activity and source of the fund should be mentioned in the application.Prior Permission Registration
Prior Permission Registration
- This is suitable for newly registered organisations.
- The applicant 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 donor.