FINANCIAL, ACCOUNTS AND TAX INFORMATION
NACHIAPPAN FOUNDATION TRUST has PAN registration number – AABTN8513E. It was registered with the sub-registrar’s office in Chennai on 23 August 2013.
Income under the foundation trust is exempt from tax as per the certificate issued by the commissioner of income tax, Chennai. Registration certificate under section 12AA of the Income Tax Act received from the director of income tax (Exemptions) Chennai, under reference number DIT (E) No.2 (427) 13-14 SL No. 396/13-14 dated 28-03-14
FUNDING OF THE CORPUS OF THE CORPORATION AND BANK ACCOUNT
“The initial Corpus of the foundation in 2013 was Rs 41 lakhs. The corpus as of 27 August 2022 stands at Rs 61 lakhs. The contributions are primarily from the family descendants of late R. Nachiappan. Contributions from well meaning sponsors are also most welcome. Contributions can be made directly into the registered bank account at HDFC or Lakshmi Vilas/DBS bank. The bank account details for online transfers can be obtained from Mr Alagappan, Managing Trustee at at ‘firstname.lastname@example.org