Can FCRA funds be transferd to Sec-8 company

Posted on January 21, 2017 by SRRF

Dear Members,

I represent a funding organisation which is a registered public charitable trust, I want to know whether we can make a grant to Sec 8 company?

I also wanted to know whether Sec 8 Company(Earlier Sec 25 A) is eligible to get registered under FCRA Act 2010?

Regards,

Shekar

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2 Responses to Can FCRA funds be transferd to Sec-8 company

  1. B V Soma Sastry says:
    January 23, 2017 at 8:59 am

    Dear Shekar,

    Sec 8 is provision under the Companies Act 2013 for an organization to get registered as a non profit organization. Like any other NPO, section 8 company can get itself registered under Section 12A and 80G of the IT Act. Also, it can get registered under FCRA. Please refer to the definition of “Person” in FCRA which includes:
    1. Individuals
    2. Association of Persons
    3. HUF
    4. Section 8 cos

    Thanks and regards,

    B V Soma Sastry

  2. Subhash Mittal says:
    January 23, 2017 at 7:52 am

    Shekhar, For both questions Yes.

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