FCRA 2010

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About the Author Sanjay Agarwal graduated from Delhi University with honours in 1983, and has been practising as a professional accountant since 1986, working mainly with International and Indian grantmaking organisations in India and neighbouring countries. He writes regularly on accounting and regulatory issues affecting the voluntary sector in periodicals such as AccountAble, AuditAble and Lekha Yog.

He lives in Delhi and can be reached at [email protected]

About the Book

Background • History • Numbers and Trends Legal Intricacies • Purpose • Jurisdiction • Foreign Contribution • Donors • Receivers • Foreign Hospitality • Prohibitions and Penalties

ACCOUNTABLE HANDBOOK

His other interests include the interplay of tradition and modernity. A recent book, Daan and Other Giving Traditions in India (2010) looks at traditional methods of fund-raising as an inspiration for the modern voluntary sector.

SANJAY AGARWAL

Procedures and Practice • Formalities • Intimations • Permissions • Annual Returns • Accounts and Records • Compliance • FCRA Mysteries

FCRA 2010

He has facilitated numerous workshops for accountants, auditors and grant-makers on FCRA, NPO taxation, financial management, and financial risk management. He has also served on various committees and expert groups for institutions such as Asia Pacific Philanthropy Consortium, Institute of Chartered Accountants of India and the Planning Commission.

The most reliable and comprehensive guide to FCRA 2010. Includes:

Detailed Guidance • Filling up FC-3 • Filling up FC-4 • Filling up FC-5 • Filling up FC-6 • Filling up FC-7 • Filling up FC-8 • Filling up FC-10 Front cover: iStockphoto.com/MHJ

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55-B, Pocket C, Siddharth Extension New Delhi

ACCOUNTABLE

HANDBOOK

FCRA 2010 THEORY AND PRACTICE SANJAY AGARWAL

Foreign Contribution Regulation Act 2010 is the third generation of a unique Indian law that regulates flow of foreign charity. This version is more powerful than ever before. It is critical that donor agencies, Corporate Foundations and NGOs understand this law properly in order to continue their work unfettered. This new and enlarged edition of the hugely popular AccountAble Handbook on FCRA (2002) has been completely rewritten and revised. It does three things at the same time: • Explain the history and the rationale of the law • Uncover legal intricacies • Provide detailed guidance on compliance and record-keeping The book will also be very useful for auditors and lawyers who advise NGOs as well as for bankers who need to report regularly to FCRA authorities.

About AccountAid India AccountAid India is a private consulting firm that provides advice and guidance on accounting and regulatory issues affecting NGOs. It conducts research, training workshops and publishes several short newsletters such as AccountAble, AuditAble and Lekhayog. Each issue covers a particular regulatory or accounting topic. Most of these are available at www.AccountAid.net. AccountAid India and its associates do not provide any liaison services with the FCRA Department or accept fees or fee-based assignments from implementing NGOs. AccountAid India welcomes any queries or questions that you might have on any aspect of FCRA, grantmanagement, accounting and regulation of NGOs. Please write to us at [email protected]

AccountAble Handbook

FCRA 2010 Theory and Practice Foreign Contribution (Regulation) Act, 2010 Foreign Contribution (Regulation) Rules, 2011 SANJAY AGARWAL B.COM. (HONS.), FCA ❁❁❁

Published by AccountAid India 55-B, Pocket C, Siddharth Extension, New Delhi – 110014, India Phone No.: +91-11-2634 3852, +91-11-2634 3128 [email protected] www.accountaid.net First Edition: June 2002 Reprint: April 2004 Second Edition: Nov 2012 Copyright © AccountAid India Price: `700 QuickBooks is a registered Trademark of I