Surrender of FCRA Registration

Surrender of FCRA Registration (FC-7) - Overview

As per the revised FCRA Act of 2020, non-profit organisations that no longer wish to receive foreign donations can surrender their FCRA registration. After verifying all FCRA compliance, Form FC-7 has to be filed with the Ministry of Home Affairs (MHA). The organisation cannot receive foreign funds upon surrender approval, and a designated government authority will take control of any remaining assets and funds.

Required Documents Checklist for Surrender

The specific required documents for surrendering an FCRA (Foreign Contribution Regulation Act) registration may vary depending on the jurisdiction, but generally you will need the following:

• Surrender Completed Form FC-7
• Copy of FCRA Registration Certificate
• Financial Statements
• Explanation for Surrender
• Proof of Identity
• Letter of Authorization

What Happens After Submission?

After submitting your FCRA surrender documents, the process is as follows:

• Processing and Inquiry:

  • The relevant authority (usually the Ministry of Home Affairs in India) will review your application (Form FC-7) and submit documents.
  • They may inquire to ensure you have kept all FCRA regulations and that foreign contributions are appropriately managed.

• Decision and Communication:

  • Once satisfied, the authority will likely approve your surrender request.
  • You'll receive official communication regarding the approval and effective surrender date.

• Post-Surrender:

  • Your FCRA registration will be considered invalid from the date of surrender acceptance.
  • Assets created from foreign contributions and unutilized foreign funds will be vested with a government-designated authority.

Why Vakilsearch ?

At Vakilsearch, we offer unparalleled expertise and support for FCRA surrender processes. Here's why you should choose us:

1. Expertise: We have in-depth knowledge of FCRA regulations and processes.
2. Efficiency: Our streamlined surrender process ensures a hassle-free experience.
3. Dedicated Support: You'll receive dedicated support and guidance every step of the way.
4. Experience: With our experience in handling FCRA-related matters such as FCRA Renewal and Compliance, you can trust us to navigate the complexities involved.