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Frequently Asked Questions
Are you planning to start a new NGO and wondering what would be a good choice of registration – Trust, Society or Company and also wondering what should be the minimum and maximum number of trustees you should have on your Board?
Are you already registered but wondering how unspent income of your organization can be carried forward to the next year or accumulated for up to 5 years?
Are you planning to receive funds from a foreign source but confused if funds received from an NRI would be allowed even without FCRA registration?
If these and a myriad other questions keep cropping up in your mind in the course of running your NGO and if you ever wondered or prayed if there would be a handy reference book to refer to at such times or just simply to brush up your working knowledge of the Trusts Act, Income Tax (exemptions and deductions) and of course the FCRA, … the answers are all there in Centre for Advancement of Philanthropy’s latest book “Frequently Asked Questions” (FAQ) – the all new and revised 2014 Edition.
Written by Centre for Advancement of Philanthropy’s CEO, Mr. Noshir H. Dadrawala and a foreword by Bahram N. Vakil (Founding Partner, AZB & Partners) this book has been written keeping the layperson in mind. However, professionals would also find it to be of value. Devoid of legal jargon and written with clarity and depth, this book should be on the bookshelf of every NGO/NPO seeking ready answers to common questions pertaining to the Bombay Public Trusts Act, Income Tax Act and Foreign Contribution (Regulation) Act.