There can be two types of contribution from the foreign source, i.e. one time or expected more than once and even routinely. For any one time contribution the NGOs can get the amount by looking for prior approval of the FCRA Area of the Ministry of Home Affairs, Government of India; whereas for several and routine contributions of the foreign source it is advisable to look for permanent registration from the said Ministry.
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For this purpose an application is to be made by the NGO, which need to be in working for at least three years after its due registration, to the Secretary to the Government of India, ministry of Home Affairs, 26 Mansingh Road, New Delhi Ã¢EUR" 110003 in the prescribed Form FC-8 in addition to the preferred enclosures (Certificate of Registration, Memorandum and Rules or the Count on Deed or other evidence of registration, audited monetary statement and activity report of the least three years, and if possible letter of the potential contributor.
The Ministry sends the accepted application to neighborhood intelligence individuals for confirmation of the credentials and records of the organization. On their favorable remarks, the FCRA Area of the Ministry concerns the Certification of Registration to the candidate company.
It is important to get foreign contribution just in one designated bank account. The candidate organization should open a fresh bank account with the objective to run it for such funds and mention it in the application. The stated Ministry will directly inform the worried bank to keep watch on the use of the foreign contribution and report back to the Ministry in case of any discrepancy.
The organizations registered under the FCRA have to keep separate accounts sustained under the FC head and send a return in the prescribed format to the Ministry in addition to the audited statement of accounts of the previous year by 31 July every year.