In this episode, we dive into the intricacies of the Foreign Contribution (Regulation) Act (FCRA) – India’s key law governing the acceptance and use of foreign donations and hospitality. We explore:
What counts as a foreign contribution and who can receive it.
The difference between prohibited, regulated, and exempt entities.
Key requirements for organizations, including FCRA registration and reporting.
Significant amendments, like the SBI account mandate and reduced administrative expense cap.