What is a foreign contribution under FCRA?
Q. 3 Section 2(c)(i) of repealed FCRA, 1976 inter alia defined foreign contribution as the donation, delivery or transfer made by any foreign source of any article, not given to a person as a gift for personal use, if the market value, in India, of such article exceeds one thousand rupees.
What is FCRA full form?
The Foreign Contribution (Regulation) Amendment Act, 2020. Exemption from the provisions of section 14(3) of The Foreign Contribution (Regulation) Act, 2010 (FCRA, 2010) – regarding.
What is Foreign Contribution Regulation Act Upsc?
What is Foreign Contribution (Regulation) Act (FCRA), 2010? Foreign funding of persons in India is regulated under FCRA act and is implemented by the Ministry of Home Affairs. Individuals are permitted to accept foreign contributions without permission of MHA.
Can Indian trust accept foreign donations?
Unless one has FCRA Prior Permission or FCRA Registration, one cannot accept donation (in any currency including INR, even from NRO or NRE acct)/ contribution in kind exceeding Rs 25,000 (excluding personal gifts)/ hospitality/ CSR support—from a foreign source.
How do I renew my FCRA registration?
Procedure for Renewal of FCRA Registration
- Login account with login-id password.
- Fill Electronic Form FC-3C which is an Application of Renewal of FCRA Registration.
- Upload required documents for registration.
- Pay Fees of Rs. 5,000 and print the application.
Why FCRA registration is required?
Charitable Trusts, Societies, Section 8 Company that receive foreign contribution or donation from foreign sources are required to obtain registration under Section 6(1) of Foreign Contribution Regulation Act, 2010. Such a registration under the Foreign Contribution Regulation Act, 2010 is called a FCRA registration.
Is FCRA renewal date extended?
The validity of those FCRA entities whose five years validity period is expiring during July 1, 2022 to September 30 and which have applied or apply for renewal before expiry of five years validity period will stand extended up to September 30, 2022 or till the date of disposal of renewal application, whichever is …
Who regulates FCRA in India?
Section 5 of the Foreign Contribution (Regulation) Act, 2010 gives the Union government “unchecked and unbridled powers” to declare an organisation as being one of political nature and deny it access to funds from sources abroad. FCRA is implemented by the Ministry of Home Affairs.
What is FCRA clearance?
Broadly, the FCRA requires every person or NGO seeking to receive foreign donations to be (i) registered under the Act, (ii) to open a bank account for the receipt of the foreign funds in State Bank of India, Delhi, and (iii) to utilise those funds only for the purpose for which they have been received and as …
What is FCRA Licence?
The Supreme Court ordered 6,000 non-governmental organisations (NGOs) to go back to the government for satisfaction of their grievances over the non-renewal of their Foreign Contribution Regulation Act (FCRA) registration.
What is the last date for FCRA renewal?
(ii) The validity of those FCRA entities whose 5 years validity period is expiring during 01.04. 2022 to 30.06. 2022 and who have applied/apply for renewal before expiry of 5 years validity period will stand extended upto 30.06. 2022 or till the date of disposal of renewal application, whichever is earlier.
What is FCRA renewal process?
Procedure for Renewal of FCRA Registration Go to Ministry of home affairs website by typing in address of web browser, http://fcraonline.nic.in. Login account with login-id password. Fill Electronic Form FC-3C which is an Application of Renewal of FCRA Registration. Upload required documents for registration.
How long does FCRA registration take?
Generally, the time taken for fcra registration is four months but it could differ if the NGO has several branches.
When should we apply for FCRA renewal?
As per the provisions the application for renewal has to be submitted within six months from the date of expiry of certificate for registration. For example, the organization whose certificate will expire on 31/10/2021 should apply between 1st May, 2021 but within 31st October, 2021.
How much does FCRA renewal cost?
a) The application for renewal has to be submitted in FC-3 together with the filing fees of Rs. 500/-, six months prior to the date of expiry of FC certificate. b) This form has to be submitted online together with all the attachments and there is no requirement of sending hardcopy to the FCRA Department.
What is the validity of FCRA certificate?
Is FCRA renewal mandatory?
FCRA 2010 calls for renewal of FCRA registration every five years. The certificate of registration under Section 12 required to be renewed within six months before the expiry of the period of the certificate.