FCRA registration, renewal and annual compliance
Any non-profit that accepts money from a foreign source needs approval under the Foreign Contribution (Regulation) Act, and the rules on how that money is received, used and reported are strict. We assess eligibility, file for registration or prior permission, set up compliant accounting for foreign funds and file the annual return and renewal on time.
What this covers
- Eligibility review for FCRA registration or prior permission
- Applications in the prescribed forms on the FCRA portal
- Opening of the designated FCRA account at SBI, New Delhi Main Branch
- Separate books and utilisation tracking for foreign contribution
- Quarterly disclosure of foreign contributions received
- Annual return in Form FC-4 and renewal of registration
- Intimation of changes in key functionaries, address or bank account
How the work is done
- Check eligibility and the organisation's track record
- Prepare and file the application
- Set up the FCRA bank account and accounting
- Maintain records and file returns, disclosures and renewals
Documents usually needed
- Registration documents and income tax registrations
- Audited accounts and activity reports for the last three years
- Details and KYC of key functionaries
- Commitment letter from the foreign donor, for prior permission
Frequently asked questions
Who is eligible for FCRA registration?
Generally, organisations that have existed for at least three years and have spent a minimum amount on their activities in that period. Newer organisations can apply for prior permission for a specific donor and project.
Where must foreign contribution be received?
Only in the designated FCRA account at the State Bank of India, New Delhi Main Branch. Funds can then be moved to other FCRA utilisation accounts.
When is the FC-4 return due?
The annual return in Form FC-4, with audited statements of foreign contribution, is due by 31 December following the financial year.