FCRA Registration
FCRA Registration is mandatory for NGOs, charitable trusts, and other organizations in India that intend to receive foreign donations. It is regulated by the Ministry of Home Affairs (MHA) under the Foreign Contribution (Regulation) Act, 2010.
Key Features of FCRA Registration
- Eligibility to Receive Foreign Funds: Legally enables NGOs to accept contributions from foreign sources.
- Ensures Compliance: Promotes transparency and accountability in the utilization of foreign funds.
- Valid for 5 Years: Requires renewal before expiry.
Eligibility Criteria
- Operational Period: The NGO must be in existence for at least 3 years.
- Activities: Must be engaged in activities related to social, educational, religious, or charitable purposes.
- Utilization of Funds: At least ₹15,00,000 should have been utilized for charitable purposes in the last 3 years.
Documents Required for FCRA Registration
- Registration Certificate and MOA/Trust Deed.
- PAN Card of the NGO.
- Audited Financial Statements for the last 3 years.
- Details of Key Members (Name, Address, Contact Details, and Aadhaar or Passport).
- Bank Account Details:
- A dedicated FCRA bank account in a designated branch of the State Bank of India, New Delhi.
- Activity Report:
- Comprehensive report on activities carried out by the NGO in the last 3 years.
Steps to Apply for FCRA Registration
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Open an FCRA Bank Account:
- This account must be in the specified SBI branch in New Delhi.
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Submit Online Application:
- File Form FC-3 (A) for new registration or Form FC-3 (C) for renewal on the FCRA online portal.
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Attach Documents:
- Upload the necessary documents in the prescribed format.
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Verification by Authorities:
- The Ministry of Home Affairs reviews the application and may conduct inspections if needed.
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Approval and Certificate:
- Upon successful verification, the FCRA Registration Certificate is granted.
Benefits of FCRA Registration
- Legal compliance for receiving foreign funds.
- Increased funding opportunities from international donors.
- Promotes credibility and transparency.
