Explanation:

About FCRA Act:

In the 2010 act, the provision was made for suspension as well as cancellation of registrations granted to NGOs was made. Such provision was not there in previous act.
Under the repealed Act, there was no time limit regarding the validity of registration certificate granted to the associations etc. for accepting foreign contribution. FCRA, 2010 provides that the certificate granted shall be valid for a period of five years.
A new provision was introduced to the effect that the assets of any person who has become defunct shall be disposed of in such manner as may be, specified by the Central Government.
No funds, other than foreign contribution shall be deposited in the FC account to be separately maintained by the associations etc. Every bank shall report to such authority, as may be prescribed, the amount of foreign remittance received, sources and manner and other particulars.
Provision has been made for inspection of accounts if the registered person or person to whom prior permission has been granted fails to furnish or the intimation given is not in accordance with law.
As per FCRA 2010 ,the following organisational individuals are debarred from receiving foreign contribution: a) candidate for election; b) cartoonist, editor, publishers of registered newspaper; c) Judge, government servants or employee of any corporation; d) Member of any legislature; e) Political parties.