Section Wise Breakdown of the Foreign Contribution Regulation Act
The Foreign Contribution Regulation Act (FCRA) is divided into sections that determine how foreign contribution is better accepted and used. Subsection 3 reviews barred individuals and in subsection 6, there is an obligation to register eligible entities. Part VII provides that transfer of funds can be made only to registered bodies but Part VIII lays down rules of use. Sections 12 to 16 deal with registration, renewal and cancellation. Section 17 restricts the bank account only and sections 18 to 24 make reporting and auditing so that there will be transparency and accountability in foreign funding.