Association account frozen by bank
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 January 2018
Hello sir,
We are from govt organisation having an savings account in Pvt bank, we have made a association with 4 members committee having our own bye law for promoting sports activities among employees, since we are not getting any funds from govt, we are renting space/land for out siders for conducting consumer fair/ exhibition etc. We get around 2 lakhs/annum as rent. Now bank has frozen account stating that registration of assn required. Since we are govt body & having only 4 members. We are finding very difficult in registration of association. Any other method to remove freeze???
a)Its a small branch office with only 4 officers other staffs are unwilling to pay & join as member.
We are from govt organisation having an savings account in Pvt bank, we have made a association with 4 members committee having our own bye law for promoting sports activities among employees, since we are not getting any funds from govt, we are renting space/land for out siders for conducting consumer fair/ exhibition etc. We get around 2 lakhs/annum as rent. Now bank has frozen account stating that registration of assn required. Since we are govt body & having only 4 members. We are finding very difficult in registration of association. Any other method to remove freeze???
a)Its a small branch office with only 4 officers other staffs are unwilling to pay & join as member.
CA R SEETHARAMAN
(Expert)
25 January 2018
Add 3 more members and register the association it's very simple registration of association.
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