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Showing posts from September, 2011

Foreign Contribution (FCRA Registration Process and all)

REGISTRATION PROCEDURE UNDER FCRA The statutory provision 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 specific bank account. The statutory provision Provisions under section 6(1) and 6(1-A) are as under : “Certain associations and persons receiving foreign contribution to give intimation to the Central Government : (1) No association [other than an organisation referred to in sub-section (1) of section 5] having a definite cultural, economic, educational, religious or social programme shall accept foreign contribution unless such association— (a) registers itself with the Central Government in accordance with the rules made under this Act ; and (b) agrees to receive such foreign c