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I have incorporated a One Person company on 30th of June 2016. What I intend to go through my company is - Crowdfunding. Crowdfunding has various models. Ours is Donation Based Crowdfunding.You can refer to the pdf attached (SEBI Consultation paper on crowdfunding) to know more in detail. What happens in a typical crowdfunding platform is - People who are planning to do something of social value ask for donations from the public in general. They post their project on a crowdfunding website and people interested to donate to that project donate funds online. The duration of hosting the project online and amount to be raised are pre-decided. Money donated by the donor comes to the company's account who is running the website.

No, you do not have to comply with the FCRA rules as the act is applicable for the Non Profit organizations (NGO). If in case NGO wants to raise funds for your company then the NGO has to get registration and prior approval under FCRA. The Act permits only NGOs having a definite cultural, economic, educational, religious or social programme to accept ...

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