only a trust can take this kind of money as a donation. no company can take it in their accounts. it will require a rbi clearance since funds from abroad come into rbi. fcra trusts dont have this problem.

bitcoins cannot be purchased legally in india. so all those jokers who are responding to you with salivating glands are ignorant of law. your best bet is to take cash in india or take a wire transfer into a company in india. you can then purchase bitcoins over six months quietly.

niranjan