EEFC ACCOUNT IN INDIA

Dear Members,

Our company is engaged in overseas project. It  has opened a EEFC account with AD. Later on it has opened another EEFC account with the same bank, for the same project but in different branch of that bank.

Now there are Two-three EEFC accounts for the same project out of which only one account is active and other accounts are inactive with some USD balances in them.

I asked the reason, then one old employee said that bank refused to transfer the account from one branch to other, thats y we need to open other account for the same.

Kindly tell me:

1. Can't an EEFC account is transerrable from one branch to other in same bank ?

2.  Can the balance in those two inactive accounts is transferred to the active EEFC account ? Pls mention refering to the related laws.

3. According to FEMA, the EEFC accounts to be closed at the completion of the overseas project. But maintaining two- three accounts for the same purpose is no logic. So can we close those inactive accounts and maintain only one EEFC A/c ?

4. Is this mandatory to let those accounts open till the end of the project ?

Pls reply.

Thanks...