FCRA is the mandatory registration that any Trust, NGO or Section 8 Company has to acquire to be eligible to get donations from foreign entities. FCRA registration is governed under the Foreign Contribution Regulation Act, put in place in 2010. It acts as an over-watch organization to ensure that the foreign donations are not used to deter the socio-economic-political progress of India.
That being said, the registration isn’t infinite. There is an expiry date mentioned on the certificate of said registration and when that date arrives, the holder has to renew it. In this article, we have explained, in comprehensive detail, the process of FCRA registration renewal.
Here is the comprehensive process that’ll allow the holder to renew their registration:
The old foreign regulation contribution act allowed the trusts and NGOs to keep the FCRA registration permanently. However, since 2010, it has changed. As it stands, now FCRA registration is only valid for 5 years, by the end of which the registration becomes null and void. Thus, FCRA registration renewal Form was created.
FCRA registration empowers an organization with the ability to get donations from foreign countries. However, without the oversight of the government, such funds can be used to manipulate the recipient country from within. Thus, by renewing FCRA registration, an organization can empower and protect itself for a long time.
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Hey there, I'm Dushyant Sharma. With the extensive knowledge I've gained in past 8 years, I have been creating content on various subjects such as banking, insurance, telecom, and all the important registration and licensing processes for various companies. I'm here to help everyone with my expertise in these areas through my articles.