{"id":42223,"date":"2022-04-16T14:03:19","date_gmt":"2022-04-16T08:33:19","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=42223"},"modified":"2022-04-16T16:06:08","modified_gmt":"2022-04-16T10:36:08","slug":"benefits-of-fcra-registration-in-india","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/benefits-of-fcra-registration-in-india\/","title":{"rendered":"Benefits of FCRA Registration in India"},"content":{"rendered":"\n<p class=\"has-drop-cap\">There are many good reasons for the present global platform to focus on social, environmental, and cultural issues. Not just specific companies and organizations, apart from having profit as their primary aim, are also involved in initiatives that encourage economic, social, and environmental development and growth. The world is collaborating to promote these initiatives, and it&#8217;s becoming easy and readily accessible in the present scenario. Transactions between individuals, places, and countries occur regularly. The flow of currency exchange between and out of all nations is now a natural thing and is a fact of life. In India, where NGOs receive donations or foreign contributions, they must register themselves as a part of the Foreign Contribution Regulation Act, 2010. In this article, we will discuss FCRA and its Benefits of FCRA Registration<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Page Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/corpbiz.io\/learning\/benefits-of-fcra-registration-in-india\/#What_is_FCRA\" >What is FCRA?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/corpbiz.io\/learning\/benefits-of-fcra-registration-in-india\/#Foreign_Contribution_under_FCRA\" >Foreign Contribution under FCRA<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/corpbiz.io\/learning\/benefits-of-fcra-registration-in-india\/#Pre-requisites_for_Online_FCRA_Registration\" >Pre-requisites for Online FCRA Registration<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/corpbiz.io\/learning\/benefits-of-fcra-registration-in-india\/#Purpose_of_Foreign_Contribution_Regulation_Act_2010\" >Purpose of Foreign Contribution Regulation Act, 2010<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/corpbiz.io\/learning\/benefits-of-fcra-registration-in-india\/#Who_is_eligible_for_FCRA_Registration\" >Who is eligible for FCRA Registration?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/corpbiz.io\/learning\/benefits-of-fcra-registration-in-india\/#Non-Eligibility_for_FCRA_Registration\" >Non-Eligibility for FCRA Registration<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/corpbiz.io\/learning\/benefits-of-fcra-registration-in-india\/#Benefits_of_FCRA_Registration_in_India\" >Benefits of FCRA Registration in India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/corpbiz.io\/learning\/benefits-of-fcra-registration-in-india\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_FCRA\"><\/span>What is FCRA?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>FCRA stands for Foreign Contribution\nRegulation Act. When any charitable institution such as Trust, Society, and\nSection 8 Company registered under Companies Act,2013, wants to receive funds\nor donations from foreign entity\/resources, they shall register themselves\nunder the FCRA, 2010.<\/p>\n\n\n\n<p><strong><em>As per Section 6 of FCRA, 2010, it is\nstipulated that any organization having- <\/em><\/strong><\/p>\n\n\n\n<ul><li>A definite cultural <\/li><li>Social <\/li><li>Educational<\/li><li>Religious<\/li><li>Economic motives shall accept foreign donations only after obtaining <strong><a class=\"text-primary\" href=\"https:\/\/corpbiz.io\/fcra-registration\/\">FCRA Registration<\/a><\/strong>.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Foreign_Contribution_under_FCRA\"><\/span>Foreign Contribution under FCRA<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong><em>Foreign contribution under FCRA covers\nany-<\/em><\/strong><\/p>\n\n\n\n<ul><li>Donation, <\/li><li>Delivery or <\/li><li>Transfer made by any foreign source\u2026 of anything&#8221; considering that it is not transferred as a gift, or if its market value in India during the period it was made is &#8220;to some extent such sum as may be prescribed ever so often by the Central government.&#8221;<\/li><\/ul>\n\n\n\n<p>Any form of currency or security can fall within the provisions of the Act; however, it does not cover cash that is received &#8220;by way of fee&#8230; or towards cost in place of goods or services provided by the respective organization in the normal course of his business, trade, or commerce whether within India or outside India&#8221;.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Pre-requisites_for_Online_FCRA_Registration\"><\/span>Pre-requisites for Online FCRA Registration <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong><em>The Organization must be registered to\nuse its funds for charitable purposes.<\/em><\/strong><\/p>\n\n\n\n<ul><li>NPO\nshould be in existence for the last three years.<\/li><li>The\nOrganization must be registered under Non-Profit Organization Darpan\nRegistration.<\/li><li>The\nOrganization must agree to receive foreign contributions through a single bank\naccount.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Purpose_of_Foreign_Contribution_Regulation_Act_2010\"><\/span>Purpose of Foreign Contribution Regulation Act, 2010<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong><em>The purpose of Foreign Contribution\nRegulation Act, 2010 was-<\/em><\/strong><\/p>\n\n\n\n<p>1. Control the use and acceptance of\nforeign contributions or hospitality by specific organizations or corporations.<\/p>\n\n\n\n<p>2. The prohibition of the use and\nacceptance of foreign hospitality or contribution to activities that are not\nfavorable to national security and any matters connected to them or in\nconnection with.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_is_eligible_for_FCRA_Registration\"><\/span>Who is eligible for FCRA Registration?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong><em>Below mentioned are the conditions that\nmake you eligible to apply for FCRA Registration:<\/em><\/strong><\/p>\n\n\n\n<p>1. The actual existence of NGOs.<\/p>\n\n\n\n<p>2. No prosecution against the NGO for the\nfollowing reasons-<\/p>\n\n\n\n<ul><li><strong>Forced ConversionCreating Discord<\/strong><\/li><li><strong>Creating Communal Tensions.<\/strong><\/li><\/ul>\n\n\n\n<p>3. There is no evidence against the NGO that points toward using violence to achieve its objective.<\/p>\n\n\n\n<p>4. No diversion of foreign investment\ntowards personal gains.<\/p>\n\n\n\n<p>5. The NGO shouldn&#8217;t be accused of using\nthe donated funds to do anything other than charity.6. The NGO should not be\nbarred from accepting foreign charity donations.<\/p>\n\n\n\n<p>6. Non-governmental organizations should\nnot be able to divert foreign investment for personal gain.<\/p>\n\n\n\n<p>7. There shouldn&#8217;t be any personnel, or a\ngroup of people within an NGO found guilty under any law or has a pending case.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Non-Eligibility_for_FCRA_Registration\"><\/span>Non-Eligibility for FCRA Registration<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong><em>A wide range of entities are prohibited\nfrom receiving foreign money, such as election candidates or those associated\nwith-<\/em><\/strong><\/p>\n\n\n\n<ul><li>Registered\nnewspaper, <\/li><li>Judges\nand government authorities, and<\/li><li>Employees\nof any company-owned or controlled by the government or lawmakers. <\/li><li>Political\nparty members and office bearers are also barred from receiving foreign-funded\nfunds.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Benefits_of_FCRA_Registration_in_India\"><\/span>Benefits of FCRA Registration in India<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong><em>Below mentioned are the Benefits of FCRA\nRegistration-<\/em><\/strong><\/p>\n\n\n\n<p>1. An organization registered under FCRA\nwill have an excellent standing in society.<\/p>\n\n\n\n<p>2. The organizations benefit from FCRA\nregistration of those who work for the benefit and welfare of the people and\nare engaged in social activities.<\/p>\n\n\n\n<p>3. FCRA Registration helps the\nOrganization legally receive foreign contributions and government aid.<\/p>\n\n\n\n<p>4. FCRA Registration is an official <strong>Government Registration<\/strong><sup><a href=\"https:\/\/www.india.gov.in\/online-registration\"><strong>[1]<\/strong><\/a><\/sup> \n  \n approved by the regulator that helps the applicant avail the benefit from the government.<\/p>\n\n\n\n<p>5. An organization registered under FCRA\nmay receive contributions from foreign organizations and ongoing assistance and\ninvestment from other entities.<\/p>\n\n\n\n<p>Also, the main benefit of FCRA\nregistration is that an organization registered under FCRA can reach out to\ninternational bodies for donations. These International Bodies are-<\/p>\n\n\n\n<ul><li><strong>Oxfam<\/strong><\/li><li><strong>British\nHigh Commission<\/strong><\/li><li><strong>UNESCO<\/strong><\/li><li><strong>Infinity\nFoundation<\/strong><\/li><li><strong>Ford\nFoundation<\/strong><\/li><li><strong>Canadian\nHigh Commission<\/strong><\/li><li><strong>New\nZealand High Commission<\/strong><\/li><li><strong>SWISSAIR<\/strong><\/li><li><strong>AUSAID<\/strong><\/li><li><strong>Japanese\nEmbassy<\/strong><\/li><li><strong>European\nCommission<\/strong><\/li><li><strong>GIFTED<\/strong><\/li><li><strong>BORDA<\/strong><\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>NGO that wishes to get donations from foreign sources needs to have FCRA registration from the Ministry of Home Affairs under FCRA. For acquiring contribution, the FCRA Registration is inevitably essential. The benefits of FCRA Registration are availed by the organization who works for Public Betterment and are involved in social work.<\/p>\n\n\n\n<p class=\"text-left\"><b>Read our Article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/fcra-registration-for-trust-and-other-charitable-societies\/\">FCRA Registration for Trust and other Charitable Societies: Explained<\/a><\/mark><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>There are many good reasons for the present global platform to focus on social, environmental, and cultural issues. Not just specific companies and organizations, apart from having profit as their primary aim, are also involved in initiatives that encourage economic, social, and environmental development and growth. The world is collaborating to promote these initiatives, and [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":42287,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[267],"tags":[2263],"acf":{"service_id":"0"},"authorName":"Pankaj Tyagi","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2022\/01\/MicrosoftTeams-image-42.jpg","authorDescription":"Pankaj has a diverse experience of writing research papers, blog, and articles during his college time. Earlier, he was working as a tax consultant in a financial firm, but his interest in writing drives him to pursue a career in the writing field.","postViews":5726,"readingTime":3,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/42223"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=42223"}],"version-history":[{"count":16,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/42223\/revisions"}],"predecessor-version":[{"id":42289,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/42223\/revisions\/42289"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/42287"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=42223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=42223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=42223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}