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FCRA - FOREIGN CONTRIBUTION REGULATION ACT
FCRA refers to the foreign contribution regulation act. Registering your NGO under this act will avail you some tax exemptions for the money that is donated by foreign national or institutes. Consequently, it attracts foreign contributions to the NGO. Register your NGO under FCRA today
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Online FCRA Registration in ranchi
Foreign Contribution Regulation Act, in short, FCRA is the mandatory registration that makes any Trust, NGO or Section 8 Company eligible to get donations from foreign entities. The FCRA registration is done under the FCRA Act 2010. It ensures that foreign donations will be used for social causes. The FCRA registration needs to be done through the FCRA online services portal. By getting the FCRA registration certificate the following things can be done:
- Accept and utilize a foreign contribution and foreign hospitality.
- Get money from foreign institutes and nationals. The FCRA regulates that foreign donations do not affect the domestic political scene.
These days the world is well-connected and it takes place on a day to day basis between people and country. The inflow and outflow of foreign currency is on a very high level and to regulate this, there is a need for the Foreign Contribution Regulation Act, 2010.
Advantages of Using FCRA Online Services
An FCRA Online Services is a web portal of the Ministry of Home Affairs. In this portal, you can apply, track your application and can also verify the validity of the FCRA certificate. There are some other advantages of FCRA online services:
1. Get Permission to Receive Foreign Contributions – The organisations have to receive the permission from Ministry of Home Affairs to receive foreign contributions. This license is required for a person or NGO.
2. Submit Annual Return – Every FCRA-NGO has to submit an Annual Return to the Ministry of Home Affairs (MHA) before 31st December online. It is filled to mention the foreign fund received for the previous financial year. If FCRA-NGO does not receive the foreign contribution then filing a NIL return is mandatory.
3. Check Status of FCRA Application – To check the status of the FCRA application, the applicants have the option to check the status on the portal. You can check whether the application got approved or rejected.
4. File Complaint – Individuals and organisations have a right to file a complaint about the malpractices related to FCRA. Different emails are available to file complaints and there’s a complaint box placed near the MHA reception in Major Dhyan Chand National Stadium (MDCNS), Near ranchi Gate, New Delhi.
Types of Foreign Contribution a NGO Can Receive
The following are the ways in which foreign contribution can be receive:
Direct/Indirect Transfer: Any donation or transfer of any articles, currency or foreign security by any person from a foreign source, directly or indirectly, will be termed as a foreign contribution.
Donations: Even donations in ranchin rupee currency received from foreign sources, including foreign nationals of ranchin origin, are also considered foreign funds.
Second-hand Contribution: Funds transferred by a recipient of foreign contribution to other organization/s within the country will be considered foreign contributions under the FCRA
Foreign Deposit Interest:Interest earned from deposits from foreign contributions is also foreign contributions.
Benefits of the Foreign Contribution Regulation Act
The FCRA Act has several benefits for ranchin society as well as the Nation. Some of the key benefits of the FCRA includes the following:
1. An FCRA regulates the utilization of foreign contributions from individuals, political parties and organizations ensuring the contributions are not used for any illegal purposes.
2. Mandates that organizations receive foreign funds for proper accounts and records maintenance, thereby promoting transparency as well as accountability in the utilization of foreign funds.
3. Many organizations in ranchi receive foreign funds for social as well as charitable work for providing education, healthcare and relief to the poor and needy. The Authority encourages organizations to continue their work within the legal framework for receiving foreign funds.
4. Foreign Contributions can be sought for supporting development projects such as building schools, hospitals and community centers. The FCRA provides a legal framework to receive such contributions to promote development in the Country.
5. The FCRA comes with its own set of legal frameworks for accepting foreign contributions and strengthening bilateral relationships between ranchi and other Nations. In such cases, the FCRA contributes to increasing cooperation and collaboration on various issues of both countries.
Eligibility Criteria for FCRA Registration in ranchi
The following are the eligibility requirements for getting an online FCRA Online Registration certificate in ranchi:
1. Must be registered under the Section-8 of Companies Act.
2. Trust must be registered under the ranchin Trust Act
3. Societies must be registered under the3 ranchin Society Registration Act
4. Entity should not be prohibited by the provision of the FCRA
5. Must be operate for 3 years before opting for FCRA registration certificate
6. Foreign contribution should not risk the life or safety of any individual
7. Must have the objective to serve the society by promoting health, education, economic development, promotion of art, sports, etc.
Documents Required for FCRA Registration in ranchi
The following documents provided in the given table, must be upload on the portal of FCRA online services to complete the FCRA registration process:
NGO Documentation
| Document | Details |
|---|---|
| A copy of the PAN card of the NGO | Insert PAN card copy here |
| Certified copy of the Trust Deed or the MOU | Insert Trust Deed or MOU copy here |
| Audited Balance Sheet of the past three years | Insert audited balance sheet here |
| Details pertaining to the current and past management of the Trust | Insert management details here |
| Copy of Board Resolutions passed by the governing body of the NGO | Insert board resolutions copy here |
| Undertaking copy signed by the chief functionary of the NGO | Insert undertaking copy here |
| 80G certificate issued by Governmental Authorities | Insert 80G certificate here |
| 12A certificate issued by Governmental Authorities | Insert 12A certificate here |
Process of FCRA Registration in ranchi
The below mentioned steps are required to complete the FCRA registration process through the portal of FCRA online services:
FCRA Online Application Steps
| Step | Description |
|---|---|
| Step 1 | Visit the official FCRA online portal (fcraonline.nic.in) |
| Step 2 | Choose the type of application. For FCRA registration select Form FC - 3A and for FCRA prior permission select Form FC- 3B. |
| Step 3 | Click on “Apply Online’ option and create a username and password. |
| Step 4 | Login into the website by using the credentials. After successful login, select FCRA registration from the options. |
| Step 5 | Choose FC-3 Form and fill all the required fields and attach requisite documents. |
| Step 6 | Select The Executive Committee option from the menu bar. Fill in the required details in the Executive Committee form. An applicant can add/delete/edit the details by entering “Add details of Key Functionary”. |
| Step 7 | Provide bank details such as bank name, account number, IFSC code, and address of the bank. |
| Step 8 | Upload all the documents in PDF format. Also, write a place and date after final submission. |
| Step 9 | Make the online payment. Note that no changes will be made once the payment is completed. |
Note: The FCRA renewal process should be done after 5 years, as per the new FCRA 2010 rules and the FCRA renewal can be done online.
Our Assistance in getting the FCRA Registration in ranchi
GLOBAL TAXMAN, the FCRA registration consultant, offers ranchi's best FCRA online services. We can assist you in the FCRA registration process by providing you with the following services:- Document drafting
- Application filing
- Processing the application
- Completing the FCRA certificate registration
Therefore, get in touch with us if you want the FCRA Registration in minimum time and at minimum FCRA registration fees. You can also check your FCRA online registration status on their official website.
Frequently Asked Questions
A. Form FC-3
A. The benefit of FCRA registration is getting legal approval for gaining foreign money and hospitality for the NGO.
A. You can visit the official portal of the FCRA to check your application status.
A. You can apply for renewal only before the FCRA license expiry. The renewal application must be submitted one month before the license expiry.
