An NGO or a Charitable Trust or Section 8 company can apply for FCRA Registration after its 3 years of operation. In this article we will discuss how a person can get registration under FCRA along with the important specifications for registration purpose.
What is FCRA Registration?
FCRA registration is optional but important compliance for the NGO or charitable trust with minimal operation of three years. FCRA department works under the Ministry of Home Affairs. This registration was formulated under the Foreign Contribution (Regulation) Act, 2010 to regulate the foreign contribution received by any individual, company or association. Government has merged various laws and regulations to regulate such transactions.
What are the types of FCRA registration?
Registration under FCRA is of two types i.e. proper FCRA and prior permissions registration. Following are some of the specifications determining the type of FCRA registration:
Proper FCRA Registration
One needs to follow up following eligibility criteria to obtain registration under this category:
- An applicant must be operating or registered for a minimum period of 5 years.
- Organization must have spent minimum amount of 10 Lakhs rupees in the last 3 years for the fulfillment of their objectives. It should not include any kind of administrative expenditure.
- The applicant requires to submit the last 3 years financial statements.
Prior Permission:
Prior permission is for the newly registered organization that is willing to receive any kind of foreign contribution. Minimum requirements to obtain prior permission are:
- Proper specification of the foreign owner at the time of making application
- Funding has to be used for the specific purpose.
- Amount should be properly defined.
What is the process for FCRA Registration?
To register under FCRA, the NGO requires a DARPAN ID. To obtain the ID, NGO has to register on DARPAN portal provided the NITI Ayog.
- Applicant has to file an
- online application on Form FC-3.
- After that he has to upload the scanned copies of all the relevant documents and information at the time of filling form.
- After submission the application will be verified by the authorities and on satisfaction registration would be provided to the NGO.
Registration process looks easy but requires a lot of documents. So it is advisable to take the help of experts to get the registration certificate as it may get reject if specifications are not made properly. Enterslice is into this field from last many years and knows well to draft the application for the purpose of FCRA registration in India.
What are the Documents required for the registration under FCRA?
Here is the list of documents you will require for the registration under FCRA:
- Self certified copy of
- NGO registration certificate and trust deed
- Copy of NGO PAN
- Self certified copies of MOA and AOA
- Last 3 years activity report
- Copies of audited Assets and Liabilities, Income and Expenditure statement, Receipt and Payment etc. of last 3 years reflecting the expenditures.
- Detail regarding current and past management of the registered trust.
- Annual report of the NGO of past 3 years
- Copy of 80G & 12A certificate issued by the Income Tax Authority.
- A true copy of the resolution passed by the Governing Body of the NGO.
CONCLUSION: FCRA registration is a straight forward process that requires great number of documents attached with it. It is basically of two types one is proper and other one is prior permission. NGO can take the help of experts to formulate the application and submit it in prescribed form. Enterslice helps those NGO to get their registration by drafting the application, in-depth analysis past 3 years Balance sheet of the NGO and submitting the application to the ministry of home affairs. To get the registration with the help of enterslice team, you can drop a mail at their email address info@enterslice.com.
