Ozg FCRA Consulting
FCRA Registration Consultant
Email: fcra.consultant@ozg.co.in
Website: http://fcra.ozg.in
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FCRA Registration & Fund for NGO
FCRA registration and a good FCRA status, both are compulsory to access any foreign funds by NGOs working in any part of India. But, due to lack of communication infrastructure, many NGOs find it hard to maintain the good FCRA status as well as in accessing FCRA funding. Ozg Consulting (P) Limited in association with the skf NGO consultants has...
The Foreign Contribution Regulation Act (FCRA)
Foreign Contribution Regulation Act Email: fcra.consultant@ozg.in As you may be aware, the Government of India has amended the Foreign Contribution Regulation Act in last year. The Foreign Contribution (Regulation) Act, 2010 has come into effect from May 1, 2011 Here are few salient from the new FCRA act: "Association" means an...
FCRA (Foreign Contribution Regulation Act) - 2010
The Foreign Contribution Regulation (FCRA) Bill 2010 has been recently passed by both Houses of the Indian Parliament, the 'Good', the 'Bad' and the 'Ugly' aspects of this. Good • Charitable organizations will be allowed to maintain multiple bank accounts for management and utilization of FCRA funds provided only one bank account is maintained...
REGISTRATION PROCESS UNDER FCRA
Under Section 6 of FCRA, it is clearly provided that any organisation having a definite cultural/ social/ educational/ religious/ economic object shall only accept foreign contribution after satisfying two conditions : (i) It must registers itself with the Central Government.(ii) It must agrees to receive foreign contribution only through one...
OFFENCES & PENALTIES UNDER FCRA
Common offences subject to severe penalty NGO's receiving foreign contributions should guard against violating the provisions of FCRA. The following are a few common offences, which are subject to severe penalty and punishment: (i) NGO's accepting foreign contribution without registration or prior permission. (ii) NGO's having FCRA...
Audit by Chartered Accountant Every organisation which receives foreign contributions is required to furnish a certificate from a chartered accountant. The proforma of the certificate to be given by the chartered accountant is provided in Form FC-3. Along with this certificate, audited balance sheet and the statement of receipt and...
FCRA - BOOKS OF ACCOUNT & METHOD OF ACCOUNTING
Accounting for foreign contribution received in kind - As per rule 8(1)(a), account has to be maintained for foreign contribution received in kind. Form FC-6 provided the format and the manner in which the receipt as well as the utilisation of contributions received in kind. The entries made in FC-6 should correspond with entries made in...
Concepts & Definitions in FCRA
Meaning of 'Association' Section 2(1)(a) of FCRA defines the term association as : "association" means an association of individuals, whether incorporated or not, having on office in India and includes a society, whether registered under the Societies Registration Act, 1860 (21 of 1860), or not, and any other organisation, by...
The Foreign Contribution (Regulation) Act, 1976
Preamble The Foreign Contribution (Regulation) Act, 1976 (here in after referred as 'FCRA') was passed by the Indian Parliament and received the assent of the President of India on 31st March, 1976. The preamble to the Act reads as follows: An Act to regulate the acceptance and utilization of foreign contribution or foreign hospitality by...
FCRA funding & grant - filing for prior permission online
Instructions for filing online FC-1A Form for Application for seeking Prior Permission to accept foreign contribution by an Association having a definite cultural, economic, educational, religious or social programme under Sec. 6 of the FC(R) Act, 1976. 1. For online filing of application form for seeking Prior Permission a user...
The online registration process of FCRA
Instructions for FCRA online registration under Sec. 6 of the FC(R) Act, 1976. 1. For online filing of application form a user ID is required to be created for online registration. 2. After successful registration applicant/user can login to the 'FCRA Online Services' and select the option for the type...
In a major crackdown on the rising flow of foreign funds to NGOs, the government has frozen accounts of 46 such organisations and prohibited another 41 from receiving and utilising foreign funds in future. Most of these organisations against whom action has been taken belong to the southern states of Andhra Pradesh, Kerala, Tamil Nadu,.
Ozg FCRA Consulting
FCRA Registration Consultant
Email: fcra.consultant@ozg.co.in
Website: http://fcra.ozg.in
Join on Facebook.com/FCRAregistration | Youtube.com/FCRAregistration
