The Ministry sends out the accepted application to local knowledge people for verification of the qualifications and records of the organization. On their positive opinions, the FCRA Area of the Ministry concerns the Certificate of Registration to the candidate organization.
It is necessary to get foreign contribution just in one designated savings account. Therefore, the candidate company ought to open a fresh savings account with the intention to operate it for such funds and mention it in the application. The said Ministry will straight inform the worried bank to keep watch on using the foreign contribution and report back to the Ministry in case of any disparity.
The companies registered under the FCRA need to maintain separate accounts incurred under the FC head and send a return in the suggested format to the Ministry together with the audited statement of accounts of the previous year by 31 July every year.