Sirs,
Governmentof India took a decision to merge many public sector banks to merge into a few number of banks. Our Vijaya Bank is merged with Bank of Baroda. Our bank account number and bank registered for receiving funds under FCRA, has been changed into a new account number and bank.
In such a case, is it necessary to change the bank account number and name of the bank registered with the FCRA division of Ministry of Home affairs? Please advise.
Regards,
Vidya Sagar Devabhaktuni
President, SKG Sangha
Muneshwara Nagar
Antharagange Road
KOLAR – 563 101
Karnataka State, INDIA
Rule 17A states ‘a person who has been granted a certificate of registration or prior permission under section 11 of the Act shall intimate electronically online [in Form FC6], within fifteen days, of any change in the following, namely:-
(iii) bank and/or branch of the bank and/or designated foreign contribution account number [in Form FC-6C];’
In view of above, any NGO which has a registration or prior permission is required ‘intimate’ online ‘any change’ within 15 days in bank / branch of the bank or designated contribution account number. Hence the Rule states ‘any change’. My suggestion therefore would be to intimate all changes that you have referred to in your bank accounts. You may also submit necessary evidence to state that these changes are consequence of merger of your earlier bank ‘Vijaya Bank’ to ‘Bank of Baroda’.
Please note any changes that may also occur in Utilisation bank account, should also be intimated accordingly to the FCRA Dept.