FCRA Full Form | What Does FCRA Stand For?

FCRA: Foreign Contribution Regulation Act

FCRA Full Form

FCRA full form stands for Foreign Contribution Regulation Act. The Foreign Contribution (Regulation) Act, 2010 is an Act of the Parliament of India, enacted by Act 42 of 2010. It allows foreign participation or foreign hospitality for contributions of any kind and matters related to companies and national interest.

Brief Explanation

Home Minister Amit Shah introduced the Foreign Partnership (Regulation) Amendment Bill, 2020. The Bill called for several changes in the existing Act. An attempt was made to make it mandatory for any NGO officials to provide their Aadhaar number.

It is a stable process that allows the approval and use of foreign participation or foreign hospitality by some individuals or organizations. It also empowers the government to block the use of foreign funds through “summary inquiries” by an organization.

Objective

The Bill aims to strengthen compliance mechanisms and increase transparency and accountability in the acquisition and use of foreign partnerships and facilitate genuine NGOs or organizations working for the betterment of society. It is designed to address deficiencies in the preceding Act of 1976.

What Is The Full Form Of FCRA?

FCRA full form stands for Foreign Contribution Regulation Act. It is an Act of the Parliament of India, enacted by Act 42 of 2010. It is a stable process that allows the approval and use of foreign participation or foreign hospitality by some individuals or organizations. It is designed to address deficiencies in the preceding Act of 1976.

Next Topic: UAN Full Form

Leave a Comment