Compliance to Impact The Significance of fcra registration for ngo
The compliance with the foreign contribution regulation act (FCRA) holds deep importance to non-governmental organizations (NGOs) in India, mainly with the aim of promoting transparency in the management and transparency of foreign funds. Established in 1976, fcra aims to regulate the foreign contribution to ensure that they are not harmful to national interests. For ngos relying on foreign funds to execute their initiative, securing fcra registration is not just a bureaucracy; It is an entrance to increase reliability, institutional stability and community trust. Fcra compliance is a commitment to transparency in the heart. ngos registered under fcra are obliged to maintain careful records of foreign contribution which reveals sources and amount received. This level of accountability promotes the trust among donors, beneficiaries and stakeholders including the government. The public perception of ngos is greatly affected by their financial integrity. When organizations stric...