Withdrawal of money from frozen bank account

The bank refused the withdrawl of money in 2020. What were you doing for more than 4 years? Find out what was the reason for ban on the registration of flat owners' associations. Generally wefare associations are registered under the Societies Registration Act of the State. A flat owners association is actually not a welfare association because in an association of flat owners the membership cannot be voluntary. There may be another act under which flat owner's association are to be registered. You find out that act and apply for registration under the other act. You may be asked to remove word 'welfare' from your present name. You may also have to make changes in the byelaws. After registering under the new act you open an account in the same bank for the new registered association. Then you apply to the bank for the transfer of the funds from the old unregistered association to the new registered association. The bank may advise you regarding the formalities for the purpose.

You have not come out with the details of the actions taken from the year 2020 till now in this regard.

If you have not taken any action then you can take legal action against the bank by first sending as legal notice demanding the bank to permit you to close the bank account and return the money to the association.

If they fail to respond then you can file a suit for mandatory injunciton against the bank to direct them to return your money and close the bank account for ever.

Issue legal notice to the Bank for allowing office bearers (authorised by AGM of RWA) to make transaction(s) in the account, failing which file a suit before civil court for issuance of permanent and mandatory injunction, if the RWA do not opt to proceed before Banking ombudsman seeking professional services of a local prudent lawyer.

Find out first the legal position as I stated. If the association is not registered it is just an association of persons. In such an association of persons, persons will be leaving when transferring the flat and new persons will be joining. Persons who are authorised to operate the account may also be changing? The association will not be an entity that can sue and can be sued. Government will not place a ban on registration of associations, without sufficient reason. Find out what was the reason. Register under another act. I think that Telengana has got a Flat Owners Act. Certainly Telengana has a Co-operative Societies Act.