Tirupati Trust gets its FCRA registration back; renewed for five years-chasing this poor source network

Tirupati Trust gets its FCRA registration back; renewed for five years

2023-12-07 10:35:34source：qsj

A day after The Indian Express report (March 27, 2023) on the accumulated foreign currency funds of the Tirumala Tirupati Devasthanams (TTD), the Ministry of Home Affairs has renewed its registration under the Foreign Contribution Regulation Act (FCRA).

Tirupati Trust gets its FCRA registration back; renewed for five years

An electronic intimation received by the TTD shows that its registration — pending since July 17, 2019 — has been “approved by the competent authority” for a five-year period with a retrospective effect from the year 2020.

Tirupati Trust gets its FCRA registration back; renewed for five years

It was in 2019 when it applied for a renewal, that the FCRA registration that the TTD was placed under “suspension” and two notices of payment of penalties were received by the Trust, considered the richest religious Trust in the country.

Tirupati Trust gets its FCRA registration back; renewed for five years

The latest penalty notice received by the TTD was on March 5, 2023, when it was asked to pay penalties to the tune of Rs 3.19 crore for not submitting its Annual Returns in the prescribed manner.

As reported earlier, in its communications with the Ministry of Home Affairs, the TTD had been pointing out that it was the divergence of regulations between the FCRA Department and the Andhra Pradesh Charitable and Hindu Religious Institutions Endowments Act (APCHR) — under which it was governed — that had led to the discrepancies in its accounting.

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The problems of the TTD over foreign currency receipts had mounted since following the amended rules of the FCRA in 2020, the State Bank of India had turned down their requests of depositing foreign currency notes dropped in Hundi’s — without the names of donors — in the designated bank account.

The result: Foreign currency donations adding up to Rs 26.86 crore have piled up in over a year. The TTD recently sent the Home Ministry the break-up that includes US Dollars worth Rs 11.50 crore; Malaysian Ringgits Rs 5.93 crore and Singapore Dollars Rs 4.06 crore.