Dear Sir,<\/p>\n
I have been following up srrf dialogue through a friend of mine. I would be glad to be a member of this group.<\/p>\n
I am associated with VACHAN, an NGO registered as a society and a trust and functioning in Nasik district, Maharashtra. It is a registered organization under FC(R)A.<\/p>\n
We are implementing a community based health program as a partner with a support organization which is providing technical and financial support.<\/p>\n
For this project. we were receiving funds from Indian source. However, during FY 2016-17, we have been intimated that some parts or whole line items of the budget would be sourced as FOREIGN CONTRIBUTION.<\/p>\n
Now, this raise some doubts which require your expert opinion:<\/p>\n
Query 1: Is it allowed under the amended Foreign Contribution Rules and Regulations, 2010, to receive Indian and Foreign contribution for the same project?<\/strong><\/p>\n The donor has inserted a clause about distribution of the funds, this includes Foreign Contribution which this donor has received and is re-transferred<\/p>\n “The fund requisition format for 6 months duly signed by the head of the organization and accompanied by the latest financial report need to be sent. The first installment of funds will be released for 6 months, 2nd installment will be for 3 months and for the remaining 3 months the partners are expected to incur the expenditure and the donor will ” reimburse the expenses as per the year 3 budget)”<\/p>\n This would mean that we would have to provide advance from funds available under the FC account for the remaining three months.<\/p>\n Query 2: Can FC(R)A allow to use FC available for a specific project as advance to another one under FC account? It would be an advance booked in FY 2016-17 and would be reimbursed in FY 2017-18. This is important because balance amount under the FC account (Bank statement) would not match the balance as per Annual FC Returns FC 4. <\/strong><\/p>\n Thanks and regards<\/p>\n Dhruv Mankad Dear Sir, I have been following up srrf dialogue through a friend of mine. I would be glad to be a member of this group. I am associated with VACHAN, an NGO registered as a society and a trust and … Continue reading
\n5 Gokul Apartments
\nUsha Kiran Society
\nTrimbak Road
\nNASIK 422002<\/p>\n","protected":false},"excerpt":{"rendered":"