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Details Of Assets & Properties Created Out Of Foreign Contributions In FC-4

Legal / E-Newsletters
Every FCRA registered organization needs to report the details of FCRA assets purchased during the financial year under para 3(b) of Form FC-4. However, with effect from 22-Sep-2023, the FCR Amendment Rule has inserted new clause as para 3(ba) and 3(bb) after the para 3(b) in FC-4. Under para 3(ba), the details of movable assets created out of foreign contribution and under para 3(bb), the details of immovable properties acquired out of foreign contribution as on 31st March of Financial Year has to be provided. In this issue, we discuss the summary of new requirement and recommendations for finalization of FC Statements. For details, please read Standard & Norms, Volume 16, Issue 7.
Language : English
Isbn :
No of pages :
Publisher : Financial Management Service Foundation
Author Information : Dr. Manoj Fogla, CA Suresh Kumar Kejriwal, Dr. Sanjay Patra and Mr. Sandeep Sharma
Published Date : 13-09-2023
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Dr. Manoj Fogla, CA Suresh Kumar Kejriwal, Dr. Sanjay Patra and Mr. Sandeep Sharma

About Author

Dr. Manoj Fogla, specialises in governance, legal & finance issues related to voluntary organisations. He is consultant to various international funding agencies, voluntary organizations and corporate foundations. 

Suresh Kumar Kejriwal is working with NGO sector since last more than 22 years. He has facilitated the process of formulating guidelines for the financial management system for NGO sector.

Dr. Sanjay Patra, A seasoned professional with a demonstrated history of working in the development sector, holds a Doctor of Philosophy (Ph.D.) focused in Monitoring and Reporting of NGO projects in India – Trends and Challenges.

Mr. Sandeep Sharma serves as the Executive Director at Financial Management Service Foundation. A seasoned trainer, facilitated more than 500 workshops across the globe on financial management, NPO governance and legal compliances.

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