Basically, the provisions of FCRA will come in force, when there is contribution is made by foreigner to India.
The Party, who is receiving such foreign contribution shall make and application for registration under FCRA rules and shall maintain a separate account for such foreign contribution along with their domestic account.
After obtain registration, such party shall furnish the details of receipt and expenditure of amounts to the FCRA authorities on quarterly basis.
Thanks for the prompt reply. i will be thankfull if you clear my doubts as follows :
1. NGO is receiving donation from domestic company in Rs for domestic indian project. and deposited the amount in domestic account and for the same indian project they used FCRA account money not domestic account money and the vendor to whom payment is made has not obtained FCRA reg or prior permisson..so what will be the consequence of penalty..with section..?
2. as you are aware about lokayukt return under FCRA law having last date of return filling is 31st December 2016. kindly explain which officer or manager or secratary or directors have to fill the return as in my NGO there are so many managers like asst manager, manager, AGM, GM board of trustee..explain as there is no clarification on FCRA site regarding this..and my NGO is receiving foreign contribution more than 10 lacs.
The expenditure made from FCRA Account by the NGO to any Vendor need not have registration certificate from the FCRA authorities. However, the NGO shall furnish all the details of accounts to the FCRA authorities on quarterly basis.
The person, who is authorised to look after the affairs of the NGO is competent to sign the application for NGO. However, such renewals will be made through online in FC-3 https://fcraonline.nic.in/fc_public_login.aspx?Resp_Id=1