FCRA Registration

FCRA Registration

Foreign ContributionRegulation Act 2010 (FCRA2010) was passed by ...More
Foreign ContributionRegulation Act 2010 (FCRA2010) was passed by RajyaSabha on 19th August 2010with a view to replacethe Foreign ContributionRegulation Act 1976.http://www.brngoconsultancy.in/fcra.php Less

FCRA Registration

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Overview:
FCRA Registration
Description:
Foreign Contribution Regulation Act 2010 (FCRA 2010) was passed by Rajya Sabha on 19th August 2010 with a view to replace the Foreign Contribution Regulation Act 1976. Section 17 of FCRA 2010 provides that multiple bank accounts can be opened for the purposes of utilization provided only one bank account is maintained for receiving foreign contribution. This amendment provides a great relief to all the NGOs which were struggling under the arbitrary disallowance of multiple bank accounts under FCRA, 1976. Another relief is the time limit for processing an application for registration. In the old FCRA there was no time limit but section 12 of the FCRA 2010, provides the time limit and applications for registration have to be processed within 90 days. The FCRA department shall also provide reasons for rejections.
Email:
fcraregn@gmail.com
Phone:
7503145802

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Foreign Contribution Regulation Act 2010 (FCRA 2010) was passed by Rajya Sabha on 19th August 2010 with a view to replace the Foreign Contribution Regulation Act 1976. http://www.brngoconsultancy.in/fcra.php
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