Fcra Registration in India

  • Free
  • Published date: April 25, 2019
    • New Delhi, East Delhi, Delhi, India

The Ministry sends out the accepted application to local intelligence individuals for confirmation of the qualifications and records of the company. On their favorable opinions, the FCRA Area of the Ministry issues the Certificate of Registration to the applicant company.

It is necessary to get foreign contribution only in one designated savings account. Therefore, the applicant organization need to open a fresh checking account with the objective to run it for such funds and discuss it in the application. The said Ministry will directly inform the concerned bank to keep watch on the use of the foreign contribution and report back to the Ministry in case of any discrepancy.

The companies registered under the FCRA have to maintain separate accounts incurred under the FC head and send a return in the prescribed format to the Ministry along with the audited statement of accounts of the previous year by 31 July every year.
fcra registration

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