Author Archives: SRRF

Should NGOs join hands with Private Banks in their CSR efforts?

Posted on April 4, 2013 by SRRF

In our Country, major Banks in Private sector like ICICI, AXIS and HDFC have been in News for wrong reasons. MNBanks like HSBC have also been in the news for wrong reasons. Is it true that the Regulators cast a … Continue reading →

Posted in General | Comments Off on Should NGOs join hands with Private Banks in their CSR efforts?

Transfer of Assets u/s 35AC

Posted on March 30, 2013 by SRRF

Dear Sir, We are having exemption u/s 35 AC for specific one project. We want to know after completion of the project can we transfer asset from project to the organization? Regards, Sushma Bhonsale Head – Accounts Deepak Foundation Within … Continue reading →

Posted in FCRA, TAX, LEGAL | 4 Comments

Workshop & FCRA

Posted on March 30, 2013 by SRRF

My Query is: If a NGO organize a workshop with the help of foreign organisation and the funds that comes through them in NGO’s bank (which has no FCRA) Will it be considered as a donation? The foreign organisation has … Continue reading →

Posted in FCRA, TAX, LEGAL | 10 Comments

Challenges of implementing of RTE

Posted on March 26, 2013 by SRRF

Right to Education is creating its own problems. As the Govt’s sustained campaign to enhance attendance in schools is bringing over 90% of children to schools, predictably it is also creating infrastructural problems. At primary level currently there are 5.23 … Continue reading →

Posted in Education | Comments Off on Challenges of implementing of RTE

Debt as FC

Posted on March 19, 2013 by SRRF

Dear Friends, Greetings from CWS! I have a query on debt. The query is: Can a secured or an unsecured debt be treated as FC money? If yes, under what circumstances? Thanks and regards, _____________________________________ B V Soma Sastry Director … Continue reading →

Posted in FCRA, TAX, LEGAL | 1 Comment

Transfer outside India

Posted on March 19, 2013 by SRRF

Dear All, Greetings from CWS, Hyderabad! While I was browsing the website of SRRF, I came across a presentation which had the following 4 points. Grants to NGOs outside country Grants to sister concerns outside country Payment for procurement of … Continue reading →

Posted in FCRA, TAX, LEGAL | 2 Comments

Query Related to FCRA Registration

Posted on March 18, 2013 by SRRF

Dear dialogue member, We are a delhi based NGO. We have to apply for FCRA registration but our problem is one of our board member is away from Delhi for one year. He is doing MBA there. If we apply … Continue reading →

Posted in FCRA, TAX, LEGAL | Comments Off on Query Related to FCRA Registration

SEWA Bank – An All Women Bank has been functioning for almost last 30 years

Posted on March 11, 2013 by SRRF

Finance Minister in his Budget has proposed launch of an all Woman Bank in public sector. Perhaps, he may want to consult SEWA Bank, an all women bank serving women customers. It has been functioning since 1974. The Bank works … Continue reading →

Posted in General | 2 Comments

Query – FCRA Bank Account

Posted on February 27, 2013 by SRRF

Respected Sir, I draw your kind attention towards query we have faced regarding FCRA Project Account.As per the new act organization should open a multiple account under main fcra designated bank account to utilise fc money for relevant project and … Continue reading →

Posted in FCRA, TAX, LEGAL | 3 Comments

Bankers reluctant in allowing NGOs to open e-Payment Gateways

Posted on February 25, 2013 by SRRF

Recently a case came to light where an NGO who had an e-payment facility on its website was asked to shut down the same. When the matter was taken up with the Banker, it was stated that since the NGO … Continue reading →

Posted in FCRA, TAX, LEGAL | Comments Off on Bankers reluctant in allowing NGOs to open e-Payment Gateways