Dear Sir/ Madam,
I shall be thankful to receive your advice on setting up of a PublicCharitable Trust in Chennai who is an UK National and is of Indian origin. He holds a PIO and a OCI cards.
The person has a PAN and is an IT assessee in India. He wishes to donate his entire savings in his NRO S/B a/c to the trust which is to named after his late mother. I presume he will come under the purview of Foreign Contribution Regulation Act (FCRA). Please detail the formalities involved.
Thank you
Yours truly,
Keshav Ramaprasad