What is the FCRA?
The Foreign Contributions Regulation Act (FCRA) is a significant legislation in India that regulates the acceptance of foreign contributions by various organizations, particularly non-governmental organizations (NGOs). The primary purpose of this act is to ensure that foreign funding does not adversely impact the national interest.
Why NGOs Need to Register under FCRA
For NGOs to receive foreign funding legally, they must register under the FCRA. This registration process is crucial because it provides a framework for accountability and transparency regarding how these funds are utilized. NGOs that are FCRA-registered can freely receive foreign contributions without facing legal complications. Additionally, it helps in establishing trust with both donors and the government.
Process and Documents Required for FCRA Registration
The process for registering an NGO under FCRA involves several steps. Firstly, the NGO must be registered under Indian law and should have been active for at least three years. The required documents typically include details of the NGO’s registration, a list of board members, audited financial statements for the last three years, and a copy of the organization’s program activities. Once the application is filled out and submitted with these documents, it will be reviewed by the Ministry of Home Affairs, which will issue a registration certificate upon approval.
For detailed information of how to registration an NGO under FCRA and other FCRA related guidelines, forms and documents and for latest information visit its official website https://fcraonline.nic.in/home/index.aspx