Author Archives: SRRF

MAJOR CHANGES IN CSR PROVISIONS

As many of you may be aware that recently new CSR rules have been brought by Ministry of Corporate Affairs. We provide below a summary of major change for your reference. Societies & Trusts allowed to implement CSR projects Draft … Continue reading

Posted in CSR | 7 Comments

Can NGOs include ‘Public Servants’ in their Board?‎

Respected Sir, Greetings from Kutch Mahila Vikas Sangathan! Let me in introduce myself, my name is Kamlesh Barmeda, and I have been working with Kutch Mahila Vikas Sangathan (KMVS) since 2007 as Finance Manager, Kutch Mahila Vikas Sangathan (KMVS) was … Continue reading

Posted in FCRA, TAX, LEGAL | 4 Comments

Carrying Repairing and rebuilding out of FCRA fund

Dear Members, I would like to get advice on the following issue. A sporting organisation holding  FCRA  registration has established a health care center PHC type  in rural area in 2007 with foreign support. For the administrative purpose the organisation has … Continue reading

Posted in FCRA, TAX, LEGAL | 2 Comments

80G and 12A registration for Section 8 company

Dear Members, We have established non profit company under section 8 of Indian companies act 2013. Please let us know whether we should register for 80g and 12a or these two are already incorporated in section 8. Dr.PSR.Sabhapathy

Posted in FCRA, TAX, LEGAL | 1 Comment

Key Changes in Rules subsequent to amendment in FCRA 2020 – Part ‎II

In earlier part we covered changes in Rules relating to Opening of FCRA Account at SBI Main Branch, New Delhi Maintaining another FCRA Account for keeping & utilization of Funds Transfer of funds to other NPOs under S.7 totally prohibited … Continue reading

Posted in FCRA, TAX, LEGAL | Comments Off on Key Changes in Rules subsequent to amendment in FCRA 2020 – Part ‎II

ANNUAL RETURN last date extended to 30th June 2021

FCRA Dept has now extended filing of Annual Return to 30th June 2021. As per the Notice this is done to enable NPOs to comply with following (based on FCRA Public Notice dt 23-11-2020): Opening of FCRA Account with SBI, … Continue reading

Posted in FCRA, TAX, LEGAL | 2 Comments

How to re-apply if FCRA registration lapsed

If the Registration has lapsed due to some reason, how do the trust apply again after period of 4 months of expiry is also crossed. Do we open another entry for the MHA site as previous password is not allowing … Continue reading

Posted in FCRA, TAX, LEGAL | 2 Comments

Key Changes in Rules subsequent to amendment in FCRA 2020

Subsequent to amendments in FCRA through FCRA 2020, now the Govt. has brought out several major changes in the Rules. These changes have brought some clarity on earlier changes made in the Act. In this post we cover some of … Continue reading

Posted in FCRA, TAX, LEGAL | 2 Comments

Classification of Admin expenses under FCRA

Dear Members, I am working in NGO as Finance Manager. And i have some doubts regarding FCRA Administrative Expenses. 1. We had purchased a Vehicle from Mahendra and they have provided loan to Organization. Every month the premium and interest … Continue reading

Posted in FCRA, TAX, LEGAL | 3 Comments

New Detailed guidelines for Opening of designated FCRA ‎Bank A/c

As per the latest FCRA Amendment 2020 came into force for mandating specified branch namely SBI, New Delhi Main Branch, Sansad Marg, Delhi- 110001 for maintaining FCRA Designated Account. ‎ SBI, NDMB now created a designated FCRA cells to handle … Continue reading

Posted in FCRA, TAX, LEGAL | 1 Comment