We have received following query from Mr. Priyamvada Singh. Kindly give your responses.
- We have our trust registered in Bangalore Karnataka under the Trust Act since Dec. 2003 and having FCRA certification (permanent) since 2009. Our FCRA bank account is in Bangalore with HDFC bank; we are having our programme operations in several states of India.
- We want to know whether the Trust can shift Trust’s FCRA bank account to the other city (or Delhi) to manage its FCRA grants and operations from a better suited place? Kindly note that we have existing FCRA grants being revived /managed thru this bank account.
- If such shifting of FCRA bank a/c is permitted from one city to another under the FCRA Act, then what are the processes and formalities one need to under go for such shifting of the FCRA bank account? Kindly list all the steps and the requirements to be in compliance with the FCRA act obligations.
- How much time this process takes?
Thanks and Regards
Priyamvada Singh, Ph.D