FCRA Pro- Active Compliance

As you are aware, the Annual Return under Foreign Contribution Regulation Act (FCRA) is to be compulsorily filed electronically. It is highly expected that the regulatory authorities, may implement few electronic checks for FCRA compliance on such e-filed returns.

One of such apparent check, which may be implemented, is that the expenses for Administrative purposes should not exceed 50% of the foreign contribution received.

This is required as per Section 8 of the Foreign contribution regulation Act 2010.

FCRA Filing of Form FC 6

1. Application has divided into parts such as Change Details, Change Utilisation Bank Account, Change Key Members of Association and Upload Documents.

2. Please fill all parts of application before clicking on Final Submit.

FCRA Amendments 2015

Foreign Contribution Regulation Act has undergone tremendous changes. The Act was untouched for decades before this wave of amendment came. And when it came, the entire scenario is changed. The manual processes of registration, renewal, annual filing is changed to online processes. Quarterly reporting is introduced and so on. Lets have an insight about these changes.