Foreign Contribution Regulation Act (FCRA) India came into in the year 1976 by the Government of India. Each and every year, there are some foreign remittances are coming to India with a purpose to organize some social events. The FCRA Act gives the right to many NGO' and leading social organizations to receive foreign contribution and then invert on socio economic programs. There are numbers of contributions come from abroad from various sources including occasional and regular but in order to receive these contributions at a regular interval, one needs to register Foreign Contribution Regulation Act, 1976. These days, online FCRA registration has been catching fast among all future aspirants as it provides a best and easiest way to get registered as per the rules and regulations of the FCRA Act. Foreign contributions are meant for uplifting some poor people by investing on them at regular intervals as per the FCRA act in India.
The Foreign Contribution Regulation Act, 2010 passed in the Parliament in the year 2010 with a purpose to replace the 1976 act. Now, the FCRA has broadened its wing and has included many more like individuals, Hindu Undivided Family and Companies as per section 8 of the New Companies Act, 2013. This allows various NGO's and other organizations to receive foreign contribution as per the rules and regulations of the act.
