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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