Fcra Registration in India

The companies signed up under the FCRA have to maintain separate accounts sustained under the FC head and send a return in the suggested format to the Ministry in addition to the audited statement of accounts of the previous year by 31 July every year. The organizations registered under the FCRA, must inform to the Ministry about any modification in name of the organization, its Registered Workplace and objectives and things within 30 days of the applicable modification. Likewise, prior consent will be required from the said the Ministry for any change in the designated bank or replacement of majority of members of the governing body at the time of its registration under the FCRA. The management ought to be aware of different arrangements of the FCRA and must strictly follow the same otherwise they might face a variety of extensive penalties under the Act. Foreign Contribution Regulation Act (FCRA) was enacted in the year 1976 and recently, modified in the year 2010 with the prime goal of managing the acceptance and application of foreign contribution and foreign hospitality by individuals and associations working in the important areas of nationwide interest. The focus of this Act is to guarantee that the foreign contribution and foreign hospitality is not utilized to influence electoral politics, public servants, judges and other individuals working in to the essential areas of national interest viz reporters, printers and publishers of papers, and so on. fcra registration