There can be 2 kinds of contribution from the foreign source, i.e. one time or anticipated more than when as well as frequently. For any one time contribution the NGOs can receive the amount by looking for prior permission of the FCRA Area of the Ministry of House Affairs, Government of India; whereas for several and regular contributions of the foreign source it is suggested to look for permanent registration from the said Ministry.
For this function an application is to be made by the NGO, which need to be in working for a minimum of 3 years after its due registration, to the Secretary to the Government of India, ministry of Home Affairs, 26 Mansingh Roadway, New Delhi âEUR" 110003 in the prescribed Kind FC-8 in addition to the desired enclosures (Certification of Registration, Memorandum and Rules or the Trust Deed or other proof of registration, audited monetary statement and task report of the least 3 years, and if possible letter of the prospective benefactor.
The Ministry sends out the accepted application to neighborhood intelligence people for confirmation of the qualifications and records of the organization. On their positive opinions, the FCRA Area of the Ministry issues the Certification of Registration to the candidate organization.
It is important to get foreign contribution only in one designated checking account. The candidate organization should open a fresh bank account with the objective to run it for such funds and discuss it in the application. The said Ministry will directly notify the concerned bank to keep watch on the use of the foreign contribution and report back to the Ministry in case of any inconsistency.
The companies registered under the FCRA need to preserve separate accounts sustained under the FC head and send a return in the suggested format to the Ministry together with the audited statement of accounts of the previous year by 31 July every year.
The organizations registered under the FCRA, should inform to the Ministry about any change in name of the organization, its Registered Office and purposes and items within 30 days of the suitable change. Prior authorization will be required from the said the Ministry for any change in the designated bank or replacement of even more than half of members of the governing body at the time of its registration under the FCRA.
https://www.fcra.co.in