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The Foreign Contribution (Regulation) Amendment Act, 2020 comes into force effective from Sep 29, 2020

September 30, 2020
134 Views
The Central Government has appointed the 29th day of Sep, 2020, as the date on which the provisions of the Foreign Contribution (Regulation) Amendment Act, 2020 shall come into force. The FCRA regulates the acceptance and utilisation of foreign contribution by individuals, HUF, associations and Section 8 companies. The amendment Act aims to to promote transparency and centralize the foreign inflow of funds in one bank for better tracking and monitoring of inflow of foreign contribution
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