Foreign Contribution Regulation Act was established in the year 1976 in order to regulate and control the foreign currency or wealth received by individuals working in different areas of national life. FCRA registration is mandatory for not to utilize the foreign money for influencing voters in a public poll or election. FCRA registration in India is done by many leading legal firms and professionals in order to avoid any disputes in future regarding this registration. To organize religious, cultural and social events and performances organizations need FCRA registration from the Government of India through an FCRA application form duly signed by the institution and agent or attorney. There online FCRA registration has been growing immensely due to its easy and smooth process. FCRA registration is not meant for all organizations as it was only for those who have some proven track records of organizing some social events and have audited accounts for more than three years by the certified auditors.
FCRA Registration Procedure
FCRA is one of the major sources of economic enhancement in the field of social, religious, economic and educational wise. Any organization or association that got registered under the central government can accept the provision of fcra. Well, there two conditions including company / organization / association must be registered under the central government where as secondly, it only accepts fcra from any of the specific bank account. Besides these, there are many more points that need to be accompanied with fcra registration procedures like company before fcra registration must be registered with Society Registration Act, 1860, the Bombay Public Trust Act, 1950, the companies Act, 1956 or as a public trust under general law. Apart from these, many legal documents like form fc - 8, audited statements of past three years, certified copy of the registration certificate and many more. Thus, here at companyregistrationindia
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