FCRA refers to Foreign Contribution Regulation Act. NGOs require this form of registration in order to ensure that they can receive contributions from foreign countries with some tax exemptions. The demand for this particular registration has increased with the increased need to provide for the welfare of the society and for the poor.
However, did you know that there are two types of FCRA registration? This blog is going to discuss these types and their eligibility.
Types of FCRA registration
The two types of FCRA registration are as follows:
Criteria for each type of Registration
Following is the eligibility criteria for the prior permission certificate:
This particular form of registration is valid for up to 5 years, and has the following criteria:
With FCRA registration on its side, a section 8 company/NGO/public trust can reach out to international bodies like the following for donations:
Now, that you know that there are two types of FCRA registration. Which one would you like to opt for? Whatever you choose, just remember-Registrationwala is here to aid you through the entire FCRA registration process and can avail you this registration at an affordable price.
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.