2023 (2) TMI 1137 - HC - FEMA

Court directs examination of previous order on 2019-20 returns. Petitioner faces penalty for bank account delay.

The court directed the Respondent's counsel to examine a previous order regarding the Petitioner's returns for 2019-20 filed in Form FC-4. The Petitioner ... FCRA registration - mandation of the opening of an “FCRA bank account” with the State Bank of India - HELD THAT:- The present case would be covered by the order dated 16th January, 2023 passed by this Court in WNS Cares Foundation & Anr., v. Union of India [2023 (1) TMI 944 - DELHI HIGH COURT] Respondent shall examine the said order and revert with the instructions, inasmuch as on 31st March, 2020, the SBI account, Sansad Marg, New Delhi could not have been opened due to the fact that the amendment in the Act came only in September, 2020. Delay by the Petitioner in opening the bank account in SBI, Sansad Marg, New Delhi between July and October, 2020 is concerned, the penalty would be payable by the Petitioner. The case involves the Petitioner's returns for 2019-20 filed in Form FC-4 on the Respondent's portal. The court refers to a previous order and directs the Respondent's counsel to examine it. The Petitioner faces a penalty for delay in opening a bank account at SBI, Sansad Marg, New Delhi. The case is listed for further hearing on 3rd March, 2023.