Query- ” Whether any written permission is required from Ministry of Home Affairs to open a bank A/C for expenses of F.C. Grant?”

Posted on March 6, 2012 by SRRF
Dear SRRF Dialogue members,

We have received a new query under FCRA,  from Sumanta Sen Roy (Partner, Hooghly)

” Whether any written permission is required from Ministry of Home Affairs to open a bank A/C for expenses of F.C. Grant?”

Best regards,
Tanvi Dogra
SRRF Dialogue, Coordinator

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6 Responses to Query- ” Whether any written permission is required from Ministry of Home Affairs to open a bank A/C for expenses of F.C. Grant?”

  1. N.M.VALAN says:
    March 9, 2012 at 8:11 am

    Dear Sir,

    As per the FCRA you can open a utilization account no need to get the written permission ,for the information purpose you can inform the FCRA dept.

    Regards,

    N.M.Valan

  2. Rohit Chavda says:
    March 7, 2012 at 12:54 pm

    As per my knowledge you don’t need any permission in written for opening new FC account but you have to inform them within 15 days of the date of account opening

  3. Ajaya Paik says:
    March 7, 2012 at 6:08 am

    Dear SRRF Dialogue members,

    FCRA 2010 says that you can open multiple bank accounts for utilization of FC grant/contribution.
    Secondly you have to intimate within 15 days of opening of the account. As per my knowledge there is no where mentioned regarding the prior approval of the MHA for opening multiple bank accounts.

    Ajaya
    PACS- A DFID Programme
    Odisha

  4. Ajay Jain says:
    March 7, 2012 at 6:04 am

    Dear All,

    In my view, we required a permission for open bank account and registration under FCRA. After received the registration, society can receive and spend the FC grant and to be submitted the FC6 return annually

    Regards,
    Ajay Jain

  5. BV Soma Sastry says:
    March 7, 2012 at 6:02 am

    Dear Sumanta,

    Greetings from CWS!

    There is no need to get any permission from the MoHA for opening a FC utilization account in addition to the main FC account. But as per the FCRA 2010, the concerned organization has to inform the MoHA about the opening of the account within 15 days of opening such account.
    Like other correspondences, NGOs have to retain the copy of registered post and the covering letter for our documentation purpose and safeguard our interests.
    Thanks and regards,

    B V Soma Sastry

  6. Sujatha Sunil says:
    March 7, 2012 at 6:00 am

    Dear SRRF Dialogue Members,

    As per my view, there is no written permission required to open FCRA utilization Bank A/c. But within 15 days of opening the accounts, it is mandatory to intimate the FCRA Dept about the same.

    Thanks & Regards
    Sujatha Sunil
    Room To Read

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