What is FCRA Registration in India?

FCRA Registration in India

Sometimes taxes tend to deter many foreign nationals from applying for donations. To that end, you need to give them some incentives and assure them that their donations would be provided entirely to you, and not most of that be directed towards the taxes. For this very reason, the FCRA registration comes into the picture.

Purpose of FCRA

The purpose of FCRA is to regulate foreign money and foreign hospitality to various NGOs. This registration form is necessary if you opt to get money from foreign institutes and nationals. The FCRA regulates that foreign donations do not affect the domestic political scenario.

Eligibility Criteria for FCRA Registration in India

New Guidelines for new FCRA Registration 2020

Following are the eligibility criteria for FCRA Registration:

The NGO's income and assets must be exclusively dedicated towards charity.
Proper books for NGOs must be maintained.
The NGO must not have been formed to benefit a particular community, religion or caste.
The core objective of that NGO must be for charitable purposes. Furthermore, the entire income must be from the donations themselves.
The NGO must have been operating for about 3 years before opting for FCRA registration.

Criteria for Disqualification

For the following conditions, the RBI can reject the application of an NGO for FCRA registration:

The NGO is fictitious and non-existent.
The NGO applicant has faced prosecution or conviction in relation to illegally indulging in activities of religious conversion through inducement or force.
The NGO is one of the prime accused or convicts for creating communal tension in any part of the country.
The NGO has diverted or misused the foreign fund.
The NGO has promoted sedition and incited violence for its malicious purposes.
Is not likely to use the foreign contribution for personal gains or divert it for undesirable purposes;
The NGO has not contravened provisions of the FCRA Act.
The RBI has prohibited the NGO from accepting any foreign contributions.
The directors or office bearers of the NGO have been convicted under the law, and no prosecution is pending against them.

Threats of a Malicious Foreign Contribution

The FCRA also overlooks the Foreign Establishment's intent to disburse the required fund. There can be various causes for which these organizations transact the funds which, directly or indirectly, threaten the following:

Sovereignty of the Nation
Integrity of the Country's political structure
Security, scientific temper or economic interest of the Nation
General Public Interest
Electoral structure of any Legislature
Strategic relationship with a Foreign State
Religious, Ethnic, Social, Linguistic, Regional, Caste harmony

What qualifies as a Foreign Contribution?

Direct/Indirect Transfer

Any donation or transfer of any articles, currency or foreign security by any person from a foreign source, directly or indirectly, will be termed as a foreign contribution.

Donations

Even donations in Indian rupee currency received from foreign sources, including foreign nationals of Indian origin, are also considered foreign funds.

Second-hand Contribution

Funds transferred by a recipient of foreign contribution to other organisation/s within the country will be considered foreign contributions under the FCRA

Foreign Deposit Interest

Interest earned from deposits from foreign contributions is also foreign contributions.

Required Documentation for FCRA Registration in India

Documents required for FCRA registration

The documents requirements for FCRA registration are the following:
A copy of the PAN card of the NGO
Certified copy of the Trust Deed or the MOU
Audited Balanced Sheet of the past three years
Details pertaining to the current and past management of the Trust
Copy of Board Resolutions passed by the governing body of the NGO
Undertaking copy signed by the chief functionary of the NGO
80G and 12A certificates issued by Governmental Authorities

Process of obtaining the FCRA Registration in India

Online FCRA Registration Process in India

The online new NGO FCRA registration process procedure is as follows:

Gather the documents
Draft the FCRA registration form FC-3
Submit the application
Obtaining the registration

Our Assistance in getting the FCRA Registration in India

Registrationwala, the FCRA registration consultants, can assist you with the FCRA registration by providing you with the following services:

Document drafting
Application filing
Processing the application
Completing the registration

Therefore, get in touch with us if you want the FCRA Registration in minimum time and at minimum FCRA online Registration fees. You can also check your online FCRA registration status on their official website.

Frequently Asked Questions (FAQs)

Q1. In which form must we file the application for FCRA registration?

A. Form FC-3

Q2. What are the benefits of NGO FCRA registration?

A. The benefit of FCRA registration is getting legal approval for gaining foreign money and hospitality for the NGO.

Q3. How to check the online FCRA registration status?

A. You can visit the official portal of the FCRA to check your application status.

Q4. Who is the best FCRA consultant in Delhi?

A. Registrationwala

Q5. What is the online FCRA registration fee?

A. Ten thousand rupees

Q6. How to apply for online renewal of FCRA registration?

A. You can apply for renewal only before the FCRA license expiry. The renewal application must be submitted one month before the license expiry.

Q7. What is the validity of the FCRA registration certificate?

A. Five Years

Q8. What is the FCRA license registration fee or charges?

A. FCRA License fee is ten thousand rupees.

Q9. How to access the FCRA registration checklist?

A. You can visit the official FCRA portal and download the registration checklist. For the documents checklist, you can refer to the documentation section of this page.

Q10. Where can I find the FCRA registration details?

A. You can refer to the license process section of this page.

Q11. What are the types of NPOs that can apply for FCRA registration?

A. NPO types:

FCRA Registration for Section 8 Company

FCRA Registration For NGO

FCRA Registration For Trust

Q12. What is the full form of FCRA registration?

A. FCRA- Foreign Contribution Regulation Act

Q13. How to apply for FCRA registration in Jaipur, India?

A. You can connect with the Registrationwala on its web portal to learn more.

Q14. What is the meaning of FCRA registration?

A. Sometimes, taxes tend to deter many foreign nationals from applying for donations. To that end, you need to give them some incentives and assure them that their donations would be provided entirely to you, and not most of that be directed towards the taxes. For this very reason, the FCRA registration comes into the picture.

Q15. What is the FCRA registration number format?

A. FCRA number cannot be determined.

Q16. What is the FCRA registration professional fee?

A. You can connect with Registrationwala to learn about our professional fee. We charge very nominally and deliver immensely.

Q17. What is the online FCRA registration renewal process?

A. To check the FCRA registration renewal status, visit the official website.

Q18. What is the renewal fee for FCRA registration?

A. Five thousand rupees

Q19. How to apply for FCRA registration in India online?

A. The online new NGO FCRA registration process procedure is as follows:

Gather the documents

Draft the FCRA registration form FC-3