Due Diligence Progress for Non-Profit Organizations

Applicants to Harit Bharat Fund that passed the team's initial screening process must also pass through a deep due diligence process, led by M Sakaria & Co.

The due diligence team will collect the following documents from you during the process, including several documents that you have already provided through your applications. M Sakaria & Co will reach out directly to you.

If you have any questions during this process, feel free to contact us at [e-mail].

Download the checklist here.

Due Diligence Checklist for Non-Profit Organizations

1. Details of Directors/Trustees:
   • Verify and document information about directors/trustees.
2. Organization Chart:
   • Review the organizational structure to understand roles and responsibilities.
3. Organization Details:
   • Trust Deed or MOA & AOA or Bylaw
   • Name of Act under which the organization is registered.
4. Registration Documents:
   • Certificate of Incorporation
   • NGO Darpan Registration No.
   • 12A Registration (original, re-applied form, acknowledgment, or renewed), along with the latest renewal application. 
   • 80G Registration (original, re-applied form, acknowledgment, or renewed), along with the latest renewal application.
   • CIN (if any)
   • PAN & TAN
   • CSR Certificate
   • Utilization Certificate (UC) from the NGO for FCRA Receipt (latest 2)
5. Nature of Activities and Location:
   • Understand the organization's activities and their geographical locations.
6. Financial Documents: 
   • Regarding Income Tax (for FY 2020-21, FY 2021-22 & FY 2022-23):
     • Acknowledgment
     • Computation of Income
     • Form 10B (Tax Audit)
   • Audited consolidated financial statements (FCRA and standalone) and auditor's report for FY 2020-21, FY 2021-22 & FY 2022-23
   • Details of Quarterly TDS Returns filed (26Q, 24Q, or any other if applicable) for FY 2020-21, FY 2021-22 & FY 2022-23
   • Regarding FCRA (for FY 2020-21, FY 2021-22 & FY 2022-23):
     • FCRA Audited Statement of Accounts reflecting expenditure on aims and objects and administrative expenditure.
     • FC-4
     • All FC-6 filed during the mentioned period. 

7. Pending Income Tax Demands: 

   • Provide details if there are any pending income tax demands.

8. Contingent Liability: 

   • Share details of any contingent liabilities.

9. Organization Policies:

   • Anti-fraud, bribery, and corruption policy
   • Child Protection policy