₹1,999.00

Deliverables *

a) Detailed discussion with the Lawyer to understand your JV related transaction.

b) Experienced business law expert Lawyer will draft the JV agreement.

c) Final discussion call to add suggestion you may have.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  • Choose your required Document & pay

Category:

Documents Required For FCRA Registration

Registration Certificate of Organization.
Memorandum of Association or Trust deed.
Last three years Activity report
Association Seal
Chief Functionary Signature

Advantages of FCRA Registration

Global Recognization
FCRA Registration gives the Non Profit Organization recognition globally.
Funding
FCRA ensures that the Organizations get foreign funds without any trouble.
Confidence Boost
FCRA Registration Certificate gives confidence to domestic and foreign investors to invest as it gets registered legally.

FCRA Registration India - Eligibility & Application Procedure

The world has become highly  dynamic and interconnected today. Every Corner of the globe is now  accessible through various means like transport , communication , and people networks. Businesses are no longer confined to product, manufacturing , services and selling . Instead, they are broadening their  horizons by pursuing ventures that create social and economic Impacts.

As businesses have become international and interconnected , contributing to each other’s economies ,the flow of money across borders has increased significantly. To regulate this inflow and outflow of the funds, Our Government introduced the Foreign Contribution Regulation Act, 2010, this Act ensures that the funds are not used for illicit purposes maintaining the integrity and security. 

To register  under the Foreign Contribution Regulation Act , the organization must be  legally registered as one of the legal entities:Societies Registration Act , 1860 , Indian Trusts Act , 1882 or Section 8 Company under the Indian Companies Act, 2013.  

There are two kinds of Registration in FCRA : Normal Registration and Prior Permission Registration. Both have different Eligibility Criterias. 

Eligibility Criteria for Normal Registration: 

  • The organization must have made significant contributions in its specific field of operation.
  • The organization must have contributed at least Rs. 10,00,000 towards its objectives over the past three years. 
  • This Registration will be valid for Five years and it can be renewed before six months of expiry. 
  • The organization must submit duly audited reports for the past three years, signed by a qualified Chartered Accountant.

Eligibility for Prior Permission Registration: 

  • This registration is for newly established Organizations seeking to receive Foreign Contribution. It is granted for a Specific Amount from a Specific Donor and expires once the Designated  task is accomplished. 
  • A Specific Commitment Letter must be submitted to  the Ministry of Home Affairs declaring the Amount of Contribution and its intended purpose. 

What are the conditions when both , the receiver and the donor have common members:

  • At least 51% of the employees of the Indian recipient organization must not be employees of the foreign donor organization.
  • The Chief Functionary must not be affiliated with the Donor Organization. 
  • When the Foreign Donor is Individual , 51% employees cannot be the relatives or family members of the donor organization. 

What is the Registration Procedure for FCRA?

  1. Visit the Online Portal of FCRA. 
  2. Fill the FORM 3A for Normal Registration and FORM 3B for Prior Permission Registration. 
  3. First , sign up to the online portal , create a username and password and then log in to the account. 
  4. Fill the form 3A or 3B as per your requirement along with the documents required which are mentioned above. 
  5. Further , the bank details must be provided. 
  6. When all the details and documents are entered , click the save button. 
  7. The last step is to pay online fees. 

How Legal Aspire can help you in obtaining FCRA Registration in India ?

Few Steps to obtain  FCRA Registration  in India with LegalAspire.  

Step 1:  Select FCRA Registration plan and pay, or Schedule a call with one of our Professionals by clicking on the Talk to Advisor button. 

Step 2: Professional from Legal Aspire will connect with you within 24 hours.

Step 3: Provide the required information and documents. 

Step 4: Our expert and skilled professional will inspect your documents and check your eligibility.

Step 5: After the inspection of documents, our professionals will start with quickly registering for your FCRA Certificate.

Get your FCRA Registration done in a few clicks! 

How long does it typically take to obtain FCRA Registration?
It usually takes 4 months to get an FCRA Registration Certificate.
What are the official charges for FCRA registration?
For the Normal Registration Rs.10,000 and Rs.5,000 for the Prior Permission
How long is an FCRA Certificate valid?
It is valid for five years.
Who does not need to comply with FCRA regulations?
Government Organizations established under Central or State Act.
What are the repercussions of lacking foreign contributions?
It is a punishable offense if you receive Foreign Funds without Registering in FCRA . you can be punished with fine or imprisonment up to three years.
Is FCRA Registration required to receive foreign funds?
It is mandatory to have an FCRA Account for receiving Foreign Contribution.

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A JV is a very lucrative arrangement as it offers an enormous amount of benefits by which the parties to the JV could gain. The JV could be a beneficial arrangement in the following ways:

  • Leveraging of strength & resources available with both the parties;
  • Creating a platform to attain the business goals which are otherwise difficult or uneconomical to achieve independently;
  • Access to newer markets or segments;
  • Strengthen position in the existing markets;
  • Diversify into new businesses;
  • Gives competitive advantages;
  • Shares the risk or initial losses associated with a new business;
  • Allows the business to expand with a smaller amount of capital.

A JV can be structed in the following ways:-

1. Company

2. Partnership Firm

3. LLP

4. Strategic Alliance

No. This is not mandatory.

 

The parties to the J.V can contribute in the form of monetary capital, Plant & Machinery, technology, customers, know-how and experience, etc.


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