FCRA

The Foreign Contribution (Regulation) Act, 2010 is a law that regulates the acceptance and utilisation of foreign aids by certain sources. It was amended last year to enable the government to strengthen the compliance mechanism and increase transparency and accountability in receiving and utilizing foreign funds. This amendment Act has mandated the NGOs to receive foreign aid only through FCRA account in SBI main branch. The deadline for this compliance has been extended recently.

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