Registrations
Home | Registrations | FCRA + CORPORATE SOCIAL RESPONSIBILITY + ISO + BIS + ISI
( FCRA + CORPORATE SOCIAL RESPONSIBILITY + ISO + BIS + ISI) Registration - An Overview
FCRA
PROCESS
The procedure for online FCRA registration is explained here.
Step 1: Go to FCRA online portal.
Step 2: Click on ‘FCRA online forms’ to register in FCRA.
Step 3: In the next screen select application for FCRA registration link. The link will redirect to next page.
Step 4: Click on ‘Click to apply online’ button to apply for FC3 (Registration).
Step 5: You need to sign up into FCRA, select sign-up option. The link will move to next page.
Step 6: Enter all mandatory details and click on save.
Step 7: On clicking on save a message will be shown in the screen ‘User ID successfully created and Your user ID is:’
Login to FCRA
Step 8: Login into the portal using this User ID and password.
Step 9: You can see an option ‘I am applying for’ select FCRA registration from drop-down menu. Click on Apply online.
Step 10: To proceed registration ‘click here to Proceed New Registration’
Step 11: Click on FC3 Menu in title bar for proceedings step by step registration.
Association Details
Step 12: Select Association Details from the menu. The association detail form will be displayed. Enter all below mentioned mandatory details.
- Darpan ID
- Address of Association
- Registration number
- Place of registration
- Date of registration
- Nature of association
- Main aim of the association
Step 13: Click on submit button to save data.
Executive Committee Form
Step 14: Now go to Executive Committee Form by clicking on Executive Committee option from menu bar.
Step 15: Enter all details about Executive Committee.
Step 16: Select ‘Add details of Key Functionary’, you can now edit/delete/add Details of Information of Executive Committee.
Step 17: To add further foreigner details, select checkbox of the record which one you want and click on Add/View button.
Step 18: New screen will be displayed, add related foreigner details. You can able to Edit/Delete Record by clicking on the appropriate option.
EC detail and others
Step 19: You need to fill EC details and others. Select this option from the menu list.
Step 20: Click on save after entering all mandatory details of EC.
Bank Details
Step 21: In this section provide your bank details such as Bank Name, IFSC code, Account Number, Address of the bank.
Other details Section
Step 22: Click on Other Details option from the menu to provide all other information.
Upload documents
Step 23: You need to upload all relevant documents in PDF format.
Final Submission
Step 24: Click on final submission from the menu bar. You have to declare the application form, enter place and date and click on final submit.
Step 25: Once you submitted finally, a pop-up window will appear, click on OK.
Note: After final submission, you can’t modify application details.
Online payment
Step 26: After clicking on Make Online Payment button from menu bar, the payment screen will be displayed.
Step 27: Click on Continue for Payment button in this screen, a screen will be pop up on the screen. Select the payment gateway and click on payment.
Documents Required for FCRA Registration
- Registration Certificate of Association (Self-certified Copy),
- Self-certified copy of Memorandum of Association,
- Self-certified copy of Article of Association or a Trust deed,
- Details of activities for the last three years,
- Audited account statements for the last three years is to be shown,
- Registration Certificate under Section 12 A.
Benefits of FCRA Registration
The goal of the FCRA, also known as the Foreign Contribution Regulation Act of 2010, is to assist non-governmental organisations (NGOs) that work for the benefit and betterment of society. Some of the advantages of FCRA registration are as follows:-
If you are registered under the FCRA, 2010, you can legally receive any foreign contribution or government help.
Any firm, NGO, or public trust registered under the FCRA, 2010 can receive donations from foreign organisations, according to section 8 of the Companies Act, 2013. Here are a few of them:
- Oxfam
- UNESCO
- The Foundation for Infinity
- High Commission of the United Kingdom
- High Commission of Canada
- High Commission of New Zealand
- The Ford Foundation is a non-profit organisation that
- SWISSAID
- AUSAID
- Commission of the European Union
- BORDA
- GIFRID
FEMA
FEMA OBJECTIVES
The objectives of FEMA are as follows:
- To boost external commerce and payments, all rules relating to foreign exchange should be improved.
- To improve India’s foreign exchange market upkeep.
APPLICABILITY
The FEMA Act applies across the country, including to any branches, offices, and agencies controlled by Indian citizens that are located outside the country.
FOREIGN EXCHANGE REGULATIONS
Foreign Exchange Regulations The following are some of the major regulations under FEMA:
- Unless he or she is an authorised person, an individual should not engage in any international exchanges or foreign securities on behalf of another individual.
- No payments should be made to an NRI, and no money should be credited to an NRI.
- No money should be received by an individual on behalf of an NRI from an authorised person.
- An individual should not get involved in an NRIs financial transactions in India.
- An individual in India is prohibited from acquiring, owning, possessing, or transferring any security of immovable property outside the country.
PENALTY
If a taxpayer violates this act, he or she is liable to pay a penalty equal to three times the amount lost as a result of the default if the loss is quantifiable, or a sum of Rs. 2 lakhs if the loss is not quantifiable. If the taxpayer continues to violate the law, the penalty amount increases to Rs. 5,000 for each day of noncompliance. The competent body has the authority to seize currency, securities, or any other property owned by the assessee in order to benefit the Central Government. Furthermore, the officer has the authority to return the defaulter’s foreign exchange earnings to India.
CSR
PROCESS
- Establish your corporate social responsibility values and relevancy:
Consider building a set of principles and a sense of relevance that explains why your firm is socially responsible in order to make CSR part of your company culture. As you expand, this can serve as a foundation for any new employees or talent you hire. They can examine your principles and have a deeper understanding of the motivations behind corporate social responsibility practises. You can use these to talk about health and fitness, education, diversity, or whatever else you want your employees to believe in. - Determine the skills related to social responsibility:
If you don’t have enough money to participate in social responsibility projects, concentrate on those that require your time and ability. This encompasses both internal and external volunteer initiatives, as well as specialised abilities you can put to use within the organisation. These powers are frequently priceless, as they provide programmes and other organisations with unique capabilities that they would not otherwise be able to access. - Identify potential projects for your company:
You will constantly be occupied, even if it takes a long time to keep your business operating. That implies you can start participating in internal or external projects connected to corporate social responsibility right now. As a result, these recurring projects will serve as a living example of the CSR ideals you’re promoting. - Target talent who are on the same page about corporate social responsibility:
Because one of millennials’ defining characteristics is their desire to conduct meaningful work, they are frequently eager to participate in CSR. In fact, they may be able to assist you in developing corporate social responsibility policies and strategies. (This isn’t to argue that older employees won’t be enthusiastic about CSR.) You won,t be paying your team members to join non profit projects or volunteer, so do everything you can to discover those who are willing to engage. - Identify ways your company can be environmentally sound:
You may find that focusing on specific activities directly related to the environment, which is one of the pillars of CSR, allows you to save money on overhead costs. For example, you may concentrate on projects aimed at reducing the company’s environmental effect, such as solar-powered electricity and smaller office spaces.