rbi approval

[Guest]

dear sir,

 

 1.we have our own trust.indian and NRIs to invest to our trust.Is it require RBI Approval for this transaction.

 

2. We gave registered application FCRA in online .Local vigilence office came and inspect the documents

    how much time will get for FCRA number

 

Thankng you

 

AI Summary

RBI Approval Not Needed for NRI Trust Investments; FCRA Registration Suffices, Takes Six Months to Process A query was raised regarding the need for Reserve Bank of India (RBI) approval for investments by Indian and Non-Resident Indians (NRIs) into a trust. The response clarified that separate RBI approval is not necessary, as obtaining Foreign Contribution Regulation Act (FCRA) registration is sufficient for receiving donations from NRIs. It was noted that the FCRA registration process takes at least six months to complete.