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Transfer of FCRA Funds - FCRA-NGO to Non-FCRA-NGO
- In
new FCRA, it is possible to Re-Grant or Transfer funds to any NGO including non-fcra NGOs but can not transfer
to organization to which has been processed against under any
provision of the Act.
- Apply to Central Government in Form FC-10 for approval of Transfer.
- Any transfer of FC shall be reflected in Form FC-6 and Form FC-10 by the transferor and recipient.
- In case of Transfer to Unregistered Organisation:-
- => FC-10
is to be countersigned by District Magistrate having jurisdiction in
the place where the transferred funds are sough to be utilized.
- => Time limit to be taken by DM is 60 days.
- => Maximum fund transferred to Unregistered NGO is 10% of total FC fund received by transferor.
