News & Notes 681:From FAMC – New regulation regarding cash transactions between Auroville units, services and activities

From Auroville Wiki
Jump to: navigation, search
681 icon.jpg   News & Notes 681
7 January 2017



From FAMC – New regulation regarding cash transactions between Auroville units, services and activities


Due to abuse and misuse of the system for personal gain, the FAMC has found it necessary to make the following policy, effective immediately (01/01/17):

There shall be no cash transactions in Auroville between Auroville units, services or activities. All financial transactions between Auroville units, services and activities must be made through their respective Financial Service accounts.

Please note that this is only an internal regulation governing financial transactions between Auroville units, services and activities and does not have any bearing on financial transactions with outside parties.

This has been sent to all relevant parties on 30/12/16 with instructions that all Auroville trusts, units, services and activities be informed of the new regulation.


Best,
FAMC