Fcra Registration in India

The Ministry sends the accepted application to neighborhood intelligence individuals for confirmation of the credentials and records of the organization. On their favorable remarks, the FCRA Area of the Ministry concerns the Certification of Registration to the candidate company. It is important to get foreign contribution just in one designated bank account. The candidate organization should open a fresh bank account with the objective to run it for such funds and mention it in the application. The stated Ministry will directly inform the worried bank to keep watch on the use of the foreign contribution and report back to the Ministry in case of any discrepancy. The organizations registered under the FCRA have to keep separate accounts sustained under the FC head and send a return in the prescribed format to the Ministry in addition to the audited statement of accounts of the previous year by 31 July every year.