RBI APPROVAL FOR OUR TRUST TO MAKE INVESTMENT

[Guest]

DERA SIR

WE HAVE EDUCATIONAL INSTITUTIONS.WE HAVE PUBLIC TRUST.SOME COMPANIES ARE READY TO DONATE TO OUR TRUST,DONORS ARE INI INDIA AND OUTSIDE INDIAN COMPANIES.AND WE FILED FCRA THRU HOME AFFAIRS.HOW TO GET FAST FCRA REGISTRATION FILED ONLINE .PLAS HELP ME ON THIS MATTER.AND HOW TO GET RBI APPROVAL?

THNKS N REGARDS

ASHOK

 

AI Summary

Educational Trust Seeks Guidance on FCRA Registration and RBI Approval for Receiving Indian and Foreign Donations A public trust associated with educational institutions is seeking guidance on obtaining Foreign Contribution Regulation Act (FCRA) registration and Reserve Bank of India (RBI) approval for receiving donations from Indian and foreign companies. The trust has filed for FCRA through the Ministry of Home Affairs. One respondent requested clarification on the query, while another explained that the Ministry typically responds within 120 days, requesting additional documents if necessary. Approval is generally granted within two months if the trust has been established for at least three years. It was noted that no additional RBI approval is needed for foreign remittances.