FCRA, 1976
Querist :
Anonymous
(Querist) 29 June 2010
This query is : Resolved
Hi!
A Non Governmental Organization is working for upliftment of poorest of poor in India.
NGO acquires funds from foreign source.
It uses such received foreign contribution to acquire assets like tractors, autos, drilling machines, computers to give it to self help groups(SHGs)/community based organizations(CBOs) comprising 10 to 20 number of individual beneficiaries for their economic upliftment.
Is it legally possible for the NGO to transfer/donate assets acquired from foreign contribution to such SHGs/CBOs (provided we list all the members of such SHGs/CBOs along with their signatures as documentary evidence for asset transfer)? What are the precautions NGO needs to take while making such transfer of assets?
If this is not possible,
is there a legal alternative to provide such benefits to SHGs based in rural area? (Sine it is difficult to register various SHGs in rural areas under FCRA)
Kindly clarify.
Thank you.
