Category Archives: FCRA, TAX, LEGAL

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 →

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 →

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 →

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 →

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 →

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 →

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 →

In this series on Producer Company, the following post covers status of various Producer companies as being practiced in India. The data has been collated for information of SRRF Dialogue members from search on Internet. Hope the members would find … Continue reading →

In this series on Producer Company we bring the legal aspect of formation.  Introduction The concept of Producer company was introduced in May 2002 by introducing a new Part IXA in the Companies Act. The provisions from S. 581A – … Continue reading →

In a positive development for the Sector, Lok Sabha has passed Companies Bill 2011. The Bill includes provision for a mandatory 2% CSR contribution by the companies. Clause 135 requires that every company which fulfills any of the following criteria … Continue reading →