I want to open a current account for my one person company.but i want my bank name different from my company registered name.i want my bank account name like brand name.can i open multiple bank accounts with different brand names under one company ?
durga chowdary (self employed) (65 Points)
23 June 2016I want to open a current account for my one person company.but i want my bank name different from my company registered name.i want my bank account name like brand name.can i open multiple bank accounts with different brand names under one company ?
CS Arjun Rajagopal
(B.com, ACS)
(1056 Points)
Replied 23 June 2016
To the best of my knowledge it is not possible because company bank account name appears as it is printed on Certificiate of Incorporation, MOA and AOA. If you want to change your bank name then you should first change the name of the company.
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 23 June 2016
Bank account has to be in company's name only.
durga chowdary
(self employed)
(65 Points)
Replied 23 June 2016
ok if i keep divisions in company for different ventures.do i have to specify name of individual venchures?how can i register one company for various ventures
durga chowdary
(self employed)
(65 Points)
Replied 23 June 2016
I have multiple ventures going on which are not registered.interior designing,fabindia retail store which sells apparel and organic foods and one more fitness and well being services based website.
Now i want to register them all under one company thats is one person company.and i want to open a different bank accounts for each operation under specific brand name.
how can do that effectively under one company .please advice on this matter.
thank you.
durga chowdary
(self employed)
(65 Points)
Replied 23 June 2016
I have multiple ventures going on which are not registered.interior designing,fabindia retail store which sells apparel and organic foods and one more fitness and well being services based website.
Now i want to register them all under one company thats is one person company.and i want to open a different bank accounts for each operation under specific brand name.
how can do that effectively under one company .please advice on this matter.
thank you.
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