Foreign contribution regulation act was passed by the Indian govt. in 2010. It is a replacement of the 1976 Fair Credit Reporting Act which was reinforced by the US Federal govt. This law governs the foreign contribution regulation by individuals to forbid the foreign hospitalities which are harmful to the nation and its interests. The FCRA online services have been inspecting and examining all the foreign funds to the organizations in India that are charitable in nature. All charitable organizations in India receiving foreign contributions are influenced by this act. According to FCRA, a foreign contribution is also defined as some sort of donation made in the form of currency, or some kind of security services. Only those organizations are permitted to have foreign contributions under the FCRA act that possess a definite cultural, economic, educational, religious or social program. The funds should only be used for the purpose they were accepted in the first place.
To Know more visit http://fcraonline.nic.in