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Prakash Kakani Director, PNS EV HubFCRA Registration (Foreign Contribution Regulation Act, 2010) is mandatory for religious institutions, NGOs, and trusts that aim to receive foreign donations. This registration ensures compliance with legal frameworks governing foreign contributions and facilitates transparency in the utilization of funds for religious or charitable activities. Institutions registered under FCRA can legally receive and manage foreign contributions for their activities in India.
1. Legal Authority to Accept Foreign Donations : Enables religious institutions to legally receive contributions from foreign donors.
2. Credibility : Enhances trust and transparency for international donors.
3. Regulated Fund Utilization : Ensures compliance with government regulations on fund usage.
4. Support for Charitable Activities : Facilitates funding for temple operations, community services, and charitable activities.
5. Access to International Philanthropy : Opens up opportunities for global contributions to religious causes.
Feature | FCRA Registration | 12A Registration | 80G Registration |
---|---|---|---|
Purpose | Accept foreign contributions | Tax exemption for trust income | Tax deduction for donors |
Scope | Foreign funding | Domestic income | Domestic donations |
Validity | 5 years (renewable) | Lifetime | 5 years (renewable) |
Mandatory For | Receiving foreign donations | Tax exemption for income | Attracting tax-saving donations |
Applicability | Religious, charitable institutions | Charitable/religious income | Donations to the trust |
It is a legal requirement under the Foreign Contribution Regulation Act, 2010, for organizations to receive foreign contributions.
Religious institutions, NGOs, and trusts intending to accept foreign donations.
Typically, 3-6 months, depending on document verification and government reviews.
The registration is valid for 5 years and must be renewed.
No, funds must be utilized strictly for the objectives stated during registration.
No, the trust must have a track record of at least 3 years of religious or charitable activities.
Penalties include suspension or cancellation of the FCRA license and monetary fines.
No, foreign contributions can only be accepted by institutions with FCRA registration.
Institutions must file annual returns and maintain detailed records of funds and their utilization.
Only if the recipient organization also has valid FCRA registration.