Receipt of foreign donation

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

12 January 2012 Dear friends/ experts,

There is a trust carrying on the work of education of Muslim students. Maulana Sahib of the trust has some approaches in foreign countries. He is now a days on the tour to some Arabic countries. He is expecting some grant in the form of donation from maulana’s of those countries for his school.

So hereby I am seeking your valued advice on the matter. I have searched regarding this. I found Form FC-1A and Form 8 and others. Guide me on the matter that how to accept foreign contribution/donation. I will open a separate bank account for depositing the same , but I want to know the procedure regarding foreign Contribution..

Form FC-1A and Form 8 which I found states about prior permission, where applicant has to give the name of prospective donor and amount of donation, but in my case donor and amount is not at all fixed. It is like any maulana can give any amount as per their ability to donate.

Kindly guide me on the same .

Yogesh Agarwal

Yogesh Agarwal (Expert)
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12 January 2012 I would like to suggest you to take a registration under FCRA instead of going the way of prior permission since you are supposed to receive the contribution many times at regular intervals...

Querist : Anonymous

Querist : Anonymous (Querist)

13 January 2012 Thankx... But tell me the procedure for registration in detail. Form required, and everything...

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CA. Anuj Gupta

CA. Anuj Gupta (Expert)
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15 January 2012 The trust needs to check its existence and amount that has been incurred by it before applying for FCRA registration.

Anuj
+91-9810106211
femaquery@gmail.com

Querist : Anonymous

Querist : Anonymous (Querist)

16 January 2012 Anuj sir,

Its a registered trust running "MADARSA" school for muslim studnts. Now which kind of expenses you are saying? And yes tell me the procedure also for getting registered under FCRA and after getting registration the procedure to bring my foreign donation to my accounts.