Monthly Archives: July 2019

Family Trust

Posted on July 20, 2019 by SRRF

In the case of a registered family trust what is the role of the “author”? If the original author is no more who will be heading the Trust? Can the Managing trustee can be the chief functionary? Dr. Chandrasekhar Sankurathri, … Continue reading →

Posted in FCRA, TAX, LEGAL | 2 Comments

Can we (FCRA Body) manage schools with no FCRA? ‎

Posted on July 18, 2019 by SRRF

Sir, ‎ A Society with FCRA Registration for EDUCATION PURPOSES wants to create Education infrastructure with its own ‎‎/ FCRA funds and manage and run Education Institutions thro’ No FCRA Registration – Charitable Organisation. No ‎transfer of assets. Is it … Continue reading →

Posted in FCRA, TAX, LEGAL | 2 Comments

Budget Amendments – 12A to be cancelled in case of non-compliance with all laws

Posted on July 13, 2019 by SRRF

Finance Bill has now empowered Income Tax authorities to not grant 12A registration of a Charitable Entity or cancel the same, if already granted, in case it transpires that the entity has not complied with any specific law which is … Continue reading →

Posted in FCRA, TAX, LEGAL | 3 Comments

Reduces the Rate of ESI Contribution from 6.5% to 4%

Posted on July 11, 2019 by SRRF

The Government of India has taken a historic decision to reduce the rate of contribution under the ESI ‎Act from 6.5% (4.75% +1.75%) to 4% (3.25%+0.75%). Employers’ contribution being reduced from ‎‎4.75% to 3.25% and employees’ contribution being reduced from … Continue reading →

Posted in FCRA, TAX, LEGAL | 2 Comments

No Ease of Poverty Alleviation for non-profits

Posted on July 10, 2019 by SRRF

Dear Friends,‎FCRA allows FDI NOT FOR PROFIT.‎ Foreign fund through NGOs is FDI for poverty alleviation through development and jobs without ‎profit motive.Hence FCRA rules and regulations should enhance ease of doing development work ‎aimed at alleviating poverty. Related laws … Continue reading →

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Difference in a Trust & Foundation

Posted on July 9, 2019 by SRRF

Dear Member, My company is desirous to open a trust / foundation. The main objective will be to procure and pass on grants/donations to women who are engaged in the manufacture of carpets. This foundation will then procure those carpets … Continue reading →

Posted in FCRA, TAX, LEGAL | 2 Comments

Social Stock Exchange – Announcement by Finance Minister

Posted on July 6, 2019 by SRRF

Finance Minister promises to introduce Social Stock Exchanges in the country. As part of the presentation of the Union Budget 2019, Finance Minister Nirmala Sitharaman announced a plan to create a social stock exchange for social enterprises and voluntary organisations. … Continue reading →

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Latest on Updating Changes of Trustees (Form FC-6E)‎

Posted on July 4, 2019 by SRRF

As many of you know that FCRA Dept has come out with a public notice requiring all NGOs who are registered under FCRA or have prior permission to update details of its office bearers/key functionaries online by 7th July 2019. … Continue reading →

Posted in FCRA, TAX, LEGAL | 4 Comments