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We are counted among the dependable providers of Foreign Contribution Regulation Act Registration Services based in India. As part of our 'Online Services' we provide the services to register the Non-Governmental and Non Profitable organization under section 6 of Foreign Contribution Regulation Act in India.
Step by step assistance
For FCRA Registration
Registration process starts from online applyingForm FC-3along Document and with a demand draft of Rs. 2000, towards “Pay and Accounts Officer, Ministry.
Copy of on-line application must be reached to CG within 30 days, after cessation of application. afresh on-line application only made after 6 months of previous application.
The FCRA dept. may visit the office & the project area & inspect the books of account & other records available. Decides to accept or reject the application
FCRA department issues a registration certificate and provides a permanent registration numberafter scrutinizing the documents
Rajput Jain & Associates can help your FCRA Registration. Our experts can also help you FCRA Registration and maintain FCRA Act regulation compliance for your business.Further we also provide the following services
What is foreign contribution?
Foreign contribution has been defined in Section 2(1)(h) of FCRA, 2010. However, foreign contribution excludes earnings from foreign client(s) by an association in lieu of goods sold or services rendered by it as this is a transaction of commercial nature.
Who cannot receive foreign contribution?
As defined in Section 3(1) of FCRA, 2010, foreign contribution cannot be accepted by any
What are the eligibility criteria for registration?
Under Section 6 of Foreign Contribution Regulation Act, it is provided that any organization having a definite cultural / social/ educational/ religious/ economic object shall only accept foreign contribution after obtaining Foreign Contribution Regulation Act Registration.
For grant of registration, the association should:
What are the type of FCRA registrations?
Regular registration (Apply inform F.C 3)
Prior permissionregistration (Apply in Form F.C 4) - Registration
What are the eligibility criteria for grant of prior permission?
An Organization in formative stage is not eligible for registration. Such Organization may apply for grant of prior permission under the law. Prior permission is granted for receipt of specific amount from specific donor for carrying out specific activities/projects. For this purpose, the association should:
What is the accounting method for foreign contribution received in kind ?
As per rule 8(1)(a), account has to be maintained for foreign contribution received in kind. Form FC-6 provides the format for recording the receipt as well as the utilisation of contributions received in kind. The entries made in FC-6 should correspond with entries made in Form FC-3.
Does FCRA impose 'cash basis' method of accounting?
No, FCRA does not impose any particular method of accounting. But it does have certain specific reporting requirements, which have to be complied diligently.
Can foreign contribution be mixed with local receipts?
No. Foreign contribution cannot be deposited or utilized from the bank account being used for domestic funds.
Can foreign contribution be received in rupees?
Yes. Any amount received from 'foreign source' in rupees or foreigncurrency is construed as 'foreign contribution' under law. Such transaction even in rupees term are considered foreign contribution.
Will interest earned from foreign contribution be considered foreigncontribution?
If an application for registration or prior permission is submitted onlineby an association, does it need to submit that application in physical form also?
Yes. When an application is filed online, a printout of the same may betaken after submission and thereafter, it should be submitted, duly signed,along with the requisite documents to the Ministry of Home Affairs. Theprescribed forms for submission of application for grant of Registration andPrior Permission are FC3 and FC4 respectively.
What are the common offences, which are subject to severe penalty and punishment?
NGO’s receiving foreign contributions should guard against violating the provisions of FCRA. The following are a few common offences, which aresubject to severe penalty and punishment:
Who are liable Persons liable for punishments under?
The provisions of the Code of Criminal Procedure, 1973 shall apply in so far as they are not inconsistent with the provisions of this Act to all seizures made under this Act Persons liable for punishments under FCRA The following persons may be liable to penalties and punishments depending on the nature of the offences:
What are the Penalties punishments under FCRA?
To sum up the discussions: Violation of FCRA can attract severe penalties which could be as under :
Rajput Jain and associates is the largest online service platform in India which provides easy solutions in starting their new business at affordable cost. We aim at helping the entrepreneurs at every legal and regulatory step. We stay as your partner during entire business cycle and ensure that the business keeps prospering and remains complaint.
Rajput Jain and associates is a network of experienced chartered accountants, lawyers, company secretaries, cost accountants, financial experts, expert bankers all over India to provide the needed services for small and medium size enterprises.
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All the information related to any client is considered confidential and never be disclosed to anyone.
Having years of experience in respective areas and backed by skilled and experienced workforce keep us ahead.
We believe in the building the good relationship with the clients that ensures the great impression.
If you are not happy with our services then you can request a refund within 30 days.
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Thank you very much for all your help in setting up my new company and clearing up all outstanding business in my sole trader accounts. For the first time in years I have peace of mind regards my business accounts. Your workforce are a credit to you, the girls at reception are so helpful and Chris has been brilliant. It is very much appreciated.
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Rajput Jain & Associates. are a tremendous value added to me as an executive and a busy parent. It just makes sense to delegate my tax file to them -- they are proactive, extremely service oriented, and most importantly, I am completely confident they are finding every dollar of tax savings available to me.
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We use Rajput Jain & Associates for all our accounting, Corporation tax, VAT and other compliance needs. The service is professional, courteous and prompt. I would recommend Rajput Jain & Associates to any company requiring a comprehensive accounting and tax service.
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