Wednesday 7 May 2014

FCRA Registration in India



income tax consultants
FCRA is stated for Foreign Contribution Regulation Act where the funds are being granted for the prescribed purposes like for educational, cultural, religious, economics and social enhancement. These funds can be given by any of the foreign company to any of the organization situated at different country but only after the same organization is being registered under the central government and having a certification of FCRA under the FCRA registration in India 1976 act. If the organization is not registered under the central government and need support from foreign contribution regulation act in that case it can file an application for permission certificate from the central government but this permission is only stated for prescribed purpose and from the specific source. If the individual or organization seems to violate any of the act of FCRA its certificate will be cancelled and the current unutilized amount of foreign contribution will be sealed by the government; so, one should be careful and fair while exercising the foreign contribution.
The certification from the central government in respect of FCRA mentions:
  • ·         The person or group of persons who can participate and receive foreign contribution.
  • ·         The field or theme in respect of which the respective foreign contribution can be received.
  • ·         The tasks or purposes for which the same foreign contribution shall be used.
  • ·     It describes the respective sources from which the listed person or group of persons can   accept foreign contribution under the foreign contribution regulation act.  Know more about information: international transfer pricing
For FCRA Registration Services and other Company Law details just Call @ 011-43520194 or mail at info@carajput.com

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