We have a dedicated knowledge desk that caters to the client’s requirements of compliying with RBI & Foreign Exchange Management Act. We can help you with the following:
It may be routine to establish a legal structure for an NGO or a Trust but what is crucial for a qualified professional is to first assess the client’s needs and then suggest what would suit him best. We have a multi decade experience in forming Trusts, AOPs, and Cooperative Societies after carefully going through your requirements. Whether it is getting registration certificate under Section 12A of the Income Tax Act or any other object, we serve as our clients single point of contact for everything that they would need. In our opinion, what is more important is to regularly comply after obtaining the registration, failing which can lead to stringent outcomes. We therefore advise our clients from the very beginning on what needs to be complied on an on-going basis.
We have a dedicated team which is predominantly involved in obtaining FCRA Registrations under the Foreign Contribution Regulation Act. Many of our clients in Rajkot, Ahmedabad & Mumbai have obtained FCRA Registration certificate for receiving overseas donations.
FCRA provides for two types of permissions in order to receive foreign donation:
FCRA demands lot of care and attention as far as on going compliances are concerned. For e.g., all charitable organization's having FCRA registration are supposed to submit an annual statement in Form FC-4 (Form FC-6 under the erstwhile rules) along with a Certificate by a Chartered Accountant each year. This requirement is mandatory and we frequently come across NGOs which have failed to comply and which thus lead to permanent cancellation of their registration.