CHECKLIST
Checklist for ensuring proper
submission of applications, under the provisions of the Foreign Contribution
(Regulation) Act, 1976, for acceptance of foreign contribution
An association
with a definite cultural, economic, educational, religious or social programme
(i)
Registration
under section 6(1)(a); and,
(ii)
Prior permission
under section 6 (1A).
(i)
For grant of registration
in form
FC – 8;
and,
(ii)
For grant of
prior permission in form
FC – 1A.
(A) Bank account
Open a separate bank account for the
receipt and utilisation of foreign contribution in a bank of your choice and
furnish particulars of the same at the appropriate place.
Note: Do not deposit any local funds, other than the essential initial
deposit specified by the bank for opening an account, in this account.
(B) Documents
Remember to enclose copies of the following documents with
your application –
(i)
Certified copy of
registration certificate or Trust deed, as the case may be;
(ii)
Details of
activities during the last three years;
(iii)
Copies of audited
statement of accounts for the past three years (Asset and Liabilities, Receipt
and Payment, Income and Expenditure);
(iv)
Commitment letter
from foreign donor specifying the amount of foreign contribution (only with
prior permission application);
(v)
Copy of project
for which foreign contribution was solicited/is being offered (only with prior
permission application);
(vi)
If functioning as
editor, owner, printer or publisher of a publication registered under the Press
and Registration of Books Act, 1867, a certificate from the Press Registrar
that the publication is not a newspaper in terms of section 1(1) of the said
Act.
Furnish information exactly in the manner asked for in the form,
especially the names and addresses of the members of the Executive
Committee/Governing Council etc.
The forms can be downloaded from Ministry of Home Affairs
Web Site at
http://mha.nic.in/fcra/intro/forms.htm
CHARTERED ACCOUNTANTS / BANKS
i)
Chartered
Accountants, before certifying the accounts of an association in form
FC – 3,
must ensure that they have been prepared in accordance with the provisions of
the Foreign Contribution (Regulation) Act, 1976 and the Rules framed
there-under.
No bank should credit any foreign contribution to the account of an association / organisation unless it produces documentary proof of having obtained registration/prior permission from the Central Government for the same. Crediting of foreign contribution by a bank to the account of an association / organisation that has not obtained registration or prior permission from the Central Government constitutes a violation and will render the defaulting bank liable for action by the Reserve Bank of India.