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

 

[Guest]

Dear Ashok

It will take atleast 6 months to process the same.No seperate RBI permission is required. FCRA is enough to get donation from NRI etc.,

regrds

AI Summary

FCRA registration allows NRI donations without separate RBI approval; processing may take several months to complete. No separate RBI approval is required for NRIs to donate to an Indian trust; registration under the FCRA is the operative compliance mechanism to receive foreign contributions. FCRA registration authorises acceptance of donations from NRIs and other foreign sources, and administrative processing of the application may extend over several months before a registration number is issued.