Grant received from Foreign NGO For business Development

This query is : Resolved

mulla hussain Basha (Querist)
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07 March 2021 Dear Experts,

What ?? Compliance to be Done ( as per FEMA & FCRA) if an Indian NBFC Public Company Received Grant from Foreign NGO for Business Development

Thanks in Advance

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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07 March 2021 Only Indian NGOs registered under FRCA eligible to receive grant for their charitable objectives.
Grants not allowed from foreign NGO for business development.

mulla hussain Basha

mulla hussain Basha (Querist)
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07 March 2021 Thanks a lot sir ! for your quick reply, please share relevant provisions for that
Thanks in advance !

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