Dear all,
We have received donation by cheque in Indian Rupees from an Multi National Company incorporated in India. Should this donation treated as an FCRA donation or a local donation.
Thanks & Regards,
Arvind Balamkar
Finance Associate
for TeachForIndia 9324827344
From: NSWC
Sent: Saturday, October 29, 2011 1:06 PM
To: srrf-dialogue@yahoogroups.com
Subject: [srrf-dialogue] Clarification on whether to mention “For Private Circulation Only” in the electronic news bulletin of the NGO as per new FCRA Act
Dear Subhash Ji,
Season’s Greetings from National Social Watch!
One small clarification like whether it is obligatory to mention “For Private Circulation Only” in the electronic news bulletin of the NGO as per new FCRA Act.
Kindly let us know as soon as possible.
Thanks and regards,
Yours sincerely,
Shubhro Roy
Programme Manager (Administration)
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National Social Watch
R-10, Ground Floor, Green Park Extension
New Delhi-110 016
Tel./Fax: +91-11-41644576
E-mail: shubhro.roy@socialwatchindia.net
Web: www.socialwatchindia.net
As per a report in Indian Express, the Govt of India has initiated an inquiry against some NGOs that foreign funds are being used to fan political unrest in the country, by creating a platform of protests and agitations against government policies. As per the report newly elected Minister for Development Cooperation of Denmark Christian Friis Bach was using official Danish development funds to fund outfits rallying against Indian Government Policies. For full report read ….. (click here to read more)
If the above report is true, rightly or wrongly it will further result in tightening of foreign funds to India.
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Socio Research & Reform Foundation
(A Non Government Organisation)
512 A, Deepshikha, 8 Rajendra Place, New Delhi – 110008
Tele/Fax: +91-11-25821088, 25817157, 25722044
e-mail: socio-research@sma.net.in
A proposal is pending with the Central Board of Direct Taxes wherein all non-governmental organizations (NGOs) will have to compulsorily file details of foreign contributions received along-with their FCRA numbers in a revised I.T.form prepared by the Directorate General of I.T. Exemption.
The revised return form, expected to be implemented from the next financial year will have additional columns for mentioning FCRA numbers and details of overseas contributions received. Scrutiny of some NGO accounts by the Income Tax Department had revealed that considerable contributions had been received by the NGOs but were not disclosed by them in their return of income filed with the I.T.Department. The reason which necessitated revision of the existing I.T.Return form, common for NGOs, Trusts including Charitable Trusts.
Socio Research & Reform Foundation
(A Non Government Organisation)
512 A, Deepshikha, 8 Rajendra Place, New Delhi – 110008
Tele/Fax: +91-11-25821088, 25817157, 25722044
E-mail: socio-research@sma.net.in
Website: www.srr-foundation.org
Dear Sir
We have filed the FC-3 Online to Ministry of Home Affairs, we would like to know, whether we have to send the hard copy also to Ministry of Home Affairs? Is the Auditor signature is necessary for the hard copy (FC-3 Format).
Thanking you
With warm regards,
P.Mallikarjuna Finance Coordinator Mahita
– – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – –
1-8-522/42 | flat no.105 | sv’s papaiah estate | chikkadpalli | Hyderabad-20 | a.p | INDIA Ph: +91-40-27641858 | Fax: 040-27646231 | www.mahita.org | hyd1_mahita@sancharnet
Right to Education assures every child education. Thus no schools (at least the Govt schools) can now deny admission to one is provided with was implemented some time back, its practical aspects are now manifesting themselves. One such aspect that Education Depts. Across the country are facing are the non-availability of space for schools.
In Delhi this has resulted in the Dept. asking schools to add floors to their present school buildings. Till now considering the safety aspects, Govt school buildings were only upto 2 floors, however now the Education Dept. has asked PWD to add floors. Of course the Dept. has stated that this will not be done in all cases and will be done only if the basic structure is strong enough.
However it is wondered if the agency has considered the safety aspects in the schools. Let us not forget a few years back a disaster stuck in Haryana where around 50-60 children died as the children starting running over each other while coming down from first floor to ground floor. At the same time let us also recognize that most private schools have multi-story buildings.
Amongst our members, we have All India Disaster Mitigation Institute, who have done a lot of work on safety in schools. Perhaps they can through light on this aspect.
Socio Research & Reform Foundation
(A Non Government Organisation)
512 A, Deepshikha, 8 Rajendra Place, New Delhi – 110008
Tele/Fax: +91-11-25821088, 25817157, 25722044
E-mail: socio-research@sma.net.in
Website: www.srr-foundation.org
Dear Sir/Madam,
Need your help.
We are registered on 24/12/2008 under Bombay Charitable Trust Act and like to know whether we have to file for re-appointment of first trustees with the Charity Commissioner.
Thanks,
Regards,
Arvind Balamkar
Finance Associate
for TeachForIndia
Some of you may be aware that effective 1st Oct 2011 anyone can change its health insurance policy from company to another, without losing the benefits. According to the guidelines issued by IRDA, following process needs to be followed for change over
Apply to new insurer at least 45 days before the existing policy is to expire. This time gap will allow new insurer to verify the history of claims that the applicant has made. While insurance company can still accept if you apply within 45 days, however the right to rejection is available with the insurance company during this period.
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Socio Research & Reform Foundation
(A Non Government Organisation)
512 A, Deepshikha, 8 Rajendra Place, New Delhi – 110008
Tele/Fax: +91-11-25821088, 25817157, 25722044
e-mail: socio-research@sma.net.in
Presently persons affected by HIV/AIDS are denied any insurance coverage and at times even withdraw existing policies. A PIL was filed against this practice of insurance company. At present, only one company out of the 24 insurance companies listed with IRDA provides health insurance cover to AIDS patients.
After receiving notice from Delhi High Court on such discriminatory practice, IRDA has now directed all the insurance companies to provide coverage to HIV+ patients to be covered for all ailments other than HIV+.
The Union Health Ministry has also backed IRDA’s proposal and stated that the insurance companies are bound to react positively. It now needs to be seen that how effectively the insurance companies come up with solutions.
____________________________________
Socio Research & Reform Foundation
(A Non Government Organisation)
512 A, Deepshikha, 8 Rajendra Place, New Delhi – 110008
Tele/Fax: +91-11-25821088, 25817157, 25722044
e-mail: socio-research@sma.net.in
Proposed Company Law Bill and its impact on Voluntary sector
As requested by some of the SRRF Dialogue members, in this post major changes proposed in the Companies Bill 2009 which are likely to impact the Voluntary Sector, as well as some other pertinent facts likely to be of interest generally.
Shall be required to formulate a CSR policy and to ensure that every year at least 2% of its average net profits during the 3 immediately preceding financial years shall be spent on CSR activities as may be approved and specified by the company. In case such a company does not have adequate profits or is not in a position to spend prescribed amount on CSR activities, the director would be required to give suitable disclosure / reasons in their report. CSR activities undertaken during the year have to be given in the Director’s report.
The above summary is based on various reports available, such as, Companies Bill 2009, Parliamentary Committee Report. The provisions mentioned are subject to change, since the decision on final provisions will be taken up only by the Parliament.
________________________________
Socio Research & Reform Foundation
(A Non Government Organisation)
512 A, Deepshikha, 8 Rajendra Place, New Delhi – 110008
Tele/Fax: +91-11-25821088, 25817157, 25722044
e-mail: socio-research@sma.net.in
