Dear members,
Pls tell me, with reference to Foreign Contribution (regulation) Act, 2010, how to apply online for registration with Central Govt. (Form FC-3)
It is urgent. Pls reply soon.
7 Replies
Divya Shikha
(intern)
(35 Points)
Replied 19 June 2012
Shridhi Jain
(Company Secretary)
(1678 Points)
Replied 19 June 2012
Thanks divya.
I hv query that FCRA is only applicable to ngo ?
My private co. is in film production on social issue but its motive is to spread awareness as well as earn revenue from it.
It is receiving donation for the same. I think FCRA is applicable, right??
Divya Shikha
(intern)
(35 Points)
Replied 19 June 2012
FCRA Act is applicable for contribution received from foreign not for commercial purpose.. As per my view Film production on social issue is a commercial activity & any amount received for this purpose shall not attract FCRA..
Divya Shikha
(intern)
(35 Points)
Replied 19 June 2012
Hi Shurti,
I fsearched for your query i got a question related to this issue in FAQs:
Q. Can a private limited company or a partnership firm get registration
or prior permission under FCRA, 2010?
Ans. The answer is 'No' as the Memorandum & Articles of association of
such a company would not have such a provision in its objects clause to
receive and utilise foreign donations for the purposes prescribed under
FCRA, 2010. However, such a company may create a separate registered
foundation or trust which would be able to obtain prior permission or
registration under FCRA, 2010 subject to fulfillment of the conditions
prescribed under the Act.
I Hope this is useful for you
Shridhi Jain
(Company Secretary)
(1678 Points)
Replied 19 June 2012
So how will be the reporting done of the sum received as grant ?
Shridhi Jain
(Company Secretary)
(1678 Points)
Replied 20 June 2012
from which link you have copied this matter? Can u send me the link pls.
CA. Anuj Gupta
(Practices in NRI Int.Tax FEMA TP FDI/FIPB & FCRA)
(7024 Points)
Replied 22 August 2012
There shall be annual reporting in Form FC-6
Anuj
femaquery @ gmail.com
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