Indian Association for Canadian Studies is registered with the Government of India for receiving Foreign Contributions under Registration No. 041960074. Under FERA (now FEMA) rules. It is required to receive all the Foreign Contributions in the SB A/C 5036 opened for this purpose with Indian Bank, Fatehgunj, Baroda. Dr. Jaydipsinh Dodia, a Life member, has reported the violation of this Act to Government of India in his letter dated 25 May 2005 as no Foreign Contributions have been credited to this account since 1999 and also about the illegal account No.15019 in the name of IACS with State Bank of India, South Campus Delhi University branch.
Dr. O. P. Juneja, the Authorised Trustee IACS represented this violation of FERA rules and other financial irregularities, misappropriations and embezzlement to Canadian High Commission, New Delhi, and Government of Canada, Ottawa.
Consequently, Canadian High Commission has stopped funding IACS directly since September 2006.
In the light of the Order dated 22.3.2006 of the Assistant Charity Commissioner Vadodara, a legal notice has been served to Dr. C.P. Ravichandra on 12.10.2006 asking him to deposit all the savings/ surpluses of earlier grants in the registered Savings Bank Account No. 5036 with Indian Bank, Fatehgunj. Similarly, all the Membership fees (annual as well as life membership fees) be deposited in Savings Bank A/C No. 6376 of Indian Bank, Fatehgunj, Vadodara. Failing which matter will be reported to Government of India for action under FERA (FEMA 1999).
Dr. O. P. Juneja, the Authorised Trustee IACS represented this violation of FERA rules and other financial irregularities, misappropriations and embezzlement to Canadian High Commission, New Delhi, and Government of Canada, Ottawa.
Consequently, Canadian High Commission has stopped funding IACS directly since September 2006.
In the light of the Order dated 22.3.2006 of the Assistant Charity Commissioner Vadodara, a legal notice has been served to Dr. C.P. Ravichandra on 12.10.2006 asking him to deposit all the savings/ surpluses of earlier grants in the registered Savings Bank Account No. 5036 with Indian Bank, Fatehgunj. Similarly, all the Membership fees (annual as well as life membership fees) be deposited in Savings Bank A/C No. 6376 of Indian Bank, Fatehgunj, Vadodara. Failing which matter will be reported to Government of India for action under FERA (FEMA 1999).
