Does FCRA Act allow to any sale of Asset?

Dear SRRF Dialogue members,

We have received a new query under FCRA from, Mr. Thiyagarajan D

”Does FCRA Act allow to any sale of Asset? Kindly give me crystal Clear explanation”.

Looking forward to your response.

Thanks and regards,
Tanvi Dogra
SRRF Dialogue, Coordinator

Socio Research & Reform Foundation
(A Non Government Organisation)
512 A, Deepshikha, 8 Rajendra Place, New Delhi – 110008
Tele/Fax: +91-11-25821088, 25817157, 25722044

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6 Responses to Does FCRA Act allow to any sale of Asset?

  1. Thiyagarajan Devarajan says:

    ThanQ sir!!!

  2. Ajay Jain says:

    Dear Sir,

    My response is as under:

    In my view, if any assets procured under ‘FCRA, and assets to be dispose due to non working then assets can be sold and sale realization amount to be deposited in FCRA bank accounts.

    If there is any other view, Please update.


  3. B V Soma Sastry says:

    Dear Mr. Thiyagarajam,

    Greetings from Hyderabad!

    There is no restriction on the sale of asset under FCRA. It has to be ensured that the sale of asset purchased out of FC funds have to be recorded in FC books and the same has to reflected in FC-3 (now FC-6).

    Thanks and regards,

    B V Soma Sastry

Comments are closed.