03 September 2016
Dear All, I am going to start a Event Management business by proprietorship. Now i am going to open a bank account, but bank manager asking a govt proof of business. But now i have not registered any vat / service tax for the same name. So what govt proof should i give ? or any registration is require for start a proprietorship business ?
03 September 2016
Sir, for starting bank account of proprietorship firm following documents are required 1,PAN card of Proprietor 2,Panchayat/Municipality License 3,If rented building then rent agreement copy 4,Vat/service tax license in applicable cases(if turn over cross the limit specified)
In this case I suggest you apply for Panchayat/municipality license .they provide you a receipt and rent agreement with your building owner and take an affidavit from a notary that you have applied for Panchayat/municipal license and produce the same when you receive it
As a bank manager I am allowing to open the bank account to eligible cases I would also take a valid address proof of the applicant Hope the query is resolved
03 September 2016
I think for event management business license under shops and establishment act is necessary that may have been mentioned by the bank manager. You can consult with the manager about it
CAclubindia
