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FCRA 2010: Formalities

FCRA 2010: Formalities. FCRA Cancellations. 4,137 FCRA registrations cancelled: Most in Tamil Nadu (794), least in Mizoram (1) 299 cancellations in Delhi 4,126 cancelled ‘ on violation ’, 11 on request . Reason for Cancellation. Non filing of FC-3 FC-3 Sent to old Address of Ministry

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FCRA 2010: Formalities

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  1. FCRA 2010: Formalities

  2. FCRA Cancellations • 4,137 FCRA registrations cancelled: • Most in Tamil Nadu (794), least in Mizoram (1) • 299 cancellations in Delhi • 4,126 cancelled ‘on violation’, 11 on request

  3. Reason for Cancellation • Non filing of FC-3 • FC-3 Sent to old Address of Ministry • FC-3 misplaced by Ministry • Defunct?? • Notice from FCRA not received

  4. Formalities for NGOs

  5. Prior Permission • Separate permission for each grant till registration is not granted • Procedure for prior-permission • Form FC-4 • Applying online at http://mha.nic.in/fcraweb/fc_login.aspx • Fees • Grounds for Denial See from page 105 of AccountAble Handbook: FCRA 2010 for more.

  6. Proxy Permission • Needed for transferring funds to NPO without FCRA registration • Paper application inFC-10 by transferor NPO • Limit of 10% on transfer amount • Transfer to specific FC bank account • File to MHA by registered post See page 188 of AccountAble Handbook: FCRA 2010 for more.

  7. FCRA Registration • Fill form FC-3 • Registration granted if NPO has a satisfactory track record of three years • Submit application online at http://mha.nic.in/fcraweb/fc_login.aspx • Don’t click submit till you have all the documents • Send printed application with documents and Fees • Cool off period: • No fresh application for at least six months from date of first application

  8. Compounding

  9. Bank Accounts See page 121 of AccountAble Handbook: FCRA 2010 for more. • Exclusive designated FCRA bank account • Multiple secondary bank accounts allowed for using FC • No permission needed • Intimation to FCRA within 15 days on letterhead

  10. Secondary Bank Account? See page 101 of AccountAble Handbook: FCRA 2010 for more. • Operating the Secondary Accounts • No domestic funds / payments • FC funds first received in designated FCRA bank account.

  11. Bank Changes • Change of Designated Bank Account • Change in Bank name / Account number • UTI Bank -> Axis Bank • Computerization of bank accounts • Secondary FCRA Bank Account: 15 days

  12. FCRA Records • Separate set of account books • Retain for six years • Separate set of Records • Salary register • Distribution register • Program register for activity locations • Investment Register • For investments made out of FC money

  13. Annual Returns • Three returns: • FC-6: Cash or Kind • Provide address of each activity • FC-7: Articles / material • FC-8: Shares etc. • Nil return also to be filed • All three must be audited

  14. Publication of Accounts See page 128 of AccountAble Handbook: FCRA 2010 for more. • Compulsory for foreign contribution in a financial year > 1 crore • Registration as well as prior-permission • Include contribution in all forms for calculating limit • No format prescribed

  15. Change in Office Bearers • Who are office bearers? • Cumulative change ≥ 50% • Compared with Body at time of application • Prior-permission needed • No fresh receipts allowed till then • Interim prior-permission for fresh receipts • Applies to all FCRA NGOs (PP/ registered)

  16. Other Changes See page 102of AccountAble Handbook: FCRA 2010 for more. Change in name, address, aims or objects: 30 days Use specified form

  17. Other Matters Gift from relatives: FC-1 Election Candidates: FC-9 Foreign Hospitality: FC-2 Emergency Foreign Hospitality: 60 Days Report by Banks: Receipt of more than a crore in 30 days

  18. Further Reading AccountAble 14: Changing FCRA Bank Account AccountAble 35: FCRA Fellowships AccountAble 84: ‘Foreign Source’ in FCRA 2010 AccountAble 96: Introduction to FCRA 2010

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