Foreign Contribution Regulation Act (FCRA) was enacted in the year 1976 and recently, modified in the year 2010 with the prime objective of regulating the acceptance and utilization of foreign contribution and foreign hospitality by associations and persons working in the important areas of national interest. The focus of this Act is to ensure that the foreign contribution and foreign hospitality is not utilized to affect electoral politics, public servants, judges and other people working in to the important areas of national interest viz journalists, printers and publishers of newspapers etc.
Time taken for Foreign Contribution Regulation Act Registration : -
Generally, the time taken for the registration is four months but it may vary if the NGO has multiple branches. The reason is that after online filing of Foreign Funding Registration, within 1 month, the officers of Intelligence Bureau, Department of Ministry of Home Affairs visits the office of the organization to verify whether it is properly working or not. In case of multiple branches, the officers will verify all the offices and finally send report to the Ministry. So the time for FCRA registration may be delayed. The non government organizations whether Trusts or Societies should preserve their audited account sheets, annual activities reports, minutes books, slips, bills, vouchers, photographs for proof of their social activities. This is of an immense help especially during the investigation by the IB officers during registration or Prior Permission or verification by the government officers during any government funding or corporate officers applicable for corporate social responsibility funding. So for registration to get international funds, there are following three steps involved : -
1. Online filing at the website of Ministry of Home Affairs
2. Report sent by the IB Team after one month
3. Hard Copy Submission in the Ministry