Receipt and utilization of foreign grants by a not-for-profit entity in India are regulated by the Foreign Contribution (Regulation) Act, 2010 (FCRA) and monitored by the Ministry of Home Affairs (MHA). These regulations apply to both cash and in-kind grants and require the non-profit to obtain prior approval/registration before accepting foreign funds.

Compliance with FCRA may become overwhelming for charities on account of stringent regulations, limited guidance available in this area, and rigorous measures adopted by the authorities. To ensure that a charity operates seamlessly and achieves the desired impact, it needs an FCRA advisory and compliance expert by its side who can provide in-depth insight on various FCRA requirements.

Our consultants part of the FCRA advisory and compliance team have extensive experience in handling the gamut of issues arising under FCRA. Our clientele includes both foreign and domestic non-profits operating in different thematic areas.

Our key FCRA Advisory & Compliance services

• Advising on applicability of FCRA to a transaction
• Preparation of applications for obtaining prior permission/permanent registration
• Preparation & filing of periodic/annual returns
• Providing support in audit proceedings under FCRA
• Assistance in condonation proceedings on account of any default/delay in compliance
• Support in relation to notices/queries raised by MHA around foreign transactions
• Voluntary surrender of FCRA approval & related filings
• Advice on accounting treatment of assets procured from foreign funds