NGO FCRA and FC-4 Compliance Guide
Control foreign receipts, designated banking, utilisation records and annual FC-4 reporting.
Control foreign receipts, designated banking, utilisation records and annual FC-4 reporting. Use the sections below to understand the practical decisions, records and compliance points before taking action.
Confirm authority before receiving funds
Foreign contribution should be accepted only under valid FCRA registration or prior permission and within its scope.
Use the prescribed banking structure
Maintain the designated receipt account and permitted utilisation accounts without mixing unrelated domestic receipts.
Maintain donor and project ledgers
Link every foreign receipt to donor, purpose, project, bank credit and utilisation evidence.
Reconcile FC-4 data
Opening balance, receipts, interest, utilisation, closing balance, bank accounts and financial statements should agree.
Do not overlook a NIL position
Current FCRA requirements may still require an annual return for a registered association with no foreign contribution. Verify current requirements.
Monitor approval and change events
Track validity and prescribed actions for key functionaries, bank accounts, address, name, aims and other changes.
Official References
Rules and portal requirements can change. Review the current official material relevant to the proposed company.
This article provides general information and is not a substitute for legal, tax or investment advice. Applicability should be reviewed for the proposed entity and current law.