FCRA is stated for Foreign Contribution Regulation Act where the funds are being granted for the specific purposes like for educational, cultural, religious, economics and social enhancement. These funds can be offered by any of the foreign company to any of the organization located at different country but only after the same organization is being registered under the central government and having a certification of FCRA under the FCRA registration in India 1976 act.
Although FCRA does not distinguish between registered and unregistered organisations, normally organisations registered under Society Registration Act, 1860, the Companies Act, 1956, the Bombay Public Trust Act, 1950 or as a public trust are only eligible for registration. It may be difficult for an absolutely new organisation to get FCRA registration because certain past activities and records help the FCRA authorities to determine the genuineness and relevance of the organisation.
Registration under FCRA gives Indian charitable organizations the authorization to receive donations from foreign sources. Organizations are eligible for registration under FCRA if they have been in existence for at least three years. As per the new FCRA regulations (2010), organizations must renew their FCRA every five years.