Is it ok for a non FCRA NGO to receive upto USD 10,000 per annum? Do they need a separate bank account for this?
Please let me know.
Many thanks,
Stanley, ODAF
Categories
-
Recent Posts
- Can a NRI be on the Board of a NPO having FCRA?
- Implications if a Trust does not renew its 12AA registration
- FCRA Bank A/c in different name than the Organisation
- Relaxation for filing Audit Report – Form 10B/10BB for AY: 2023-24
- NPOs required to submit Form 9A & Form 10 by 31 August 2024
- FCRA Validity extended to 30-09-2024
- Trademark Registration for Society
- FCRA Validity extended to 30-06-2024
- FCRA Helpdesk Online Portal
- Treatment of income generated through letting out property created from FCRA fund
Recent Comments
- Bikash Ranjan Rautray on Can a NRI be on the Board of a NPO having FCRA?
- NOSHIR DADRAWALA on Can a NRI be on the Board of a NPO having FCRA?
- B V Raveendranath on Can a NRI be on the Board of a NPO having FCRA?
- Subhash Mittal on Can a NRI be on the Board of a NPO having FCRA?
- Subhash Mittal on Implications if a Trust does not renew its 12AA registration
Web Pages
- Brief Profiles of Expert Panel members at SRRF Dialogue
- FC Forms
- FCRA Rules amended
- Galleries
- Happy New Year 2012
- Latest Post
- Salient Features of Multi-State Societies Registration Bill 2012
- Service Tax Notifications of Year 2012
- SRRF Advisory Series
- SRRF’S Webinar
- SSE in India
- Subscribe to SRRF Blog
Admin Area
Archives
Am doing real estate business. And doing social services doing blood camp etc. I need financial investment need NGO and real estate what’s app 9840289984
Thanks for your reply to my query which is useful,
regards,
Stanley
FCRA holding ngo as donar give consultancy to FCRA Holding ngo. What treat done by consultancy receiver ngo as FC or NONFC
I fully agree with the response of Soma Sastry for getting from a foreign source.
I think it is safe if you put the amount in a separate account keeping futuristic aspect in mind
Dear Stanley,
Kindly note the following:
1. As such NFC organization cannot received USD 10,000 without the prior permission from MoHA if the source of funds in FC. If the amount is FC, then a separate bank account is needed
2. If the funds are being routed through a UN / affiliated agencies (list available on the FCRA website), then there is no requirement of FCRA. Such funds do not attract the provisions of FCRA
3. If the funds are being donated by NRI, in such case also FCRA is not required as the source of funds is Indian.
Thanks and regards,
B V Soma Sastry
How is the organization receiving USD without having FCRA registration ? It has to get FCRA registration for receiving any foreign fund, unless it is in the exempted category, and it should always receive such funds in exclusive bank account approved by the FCRA Department.