Banking related query
This query is : Open
kr sachchidanand singh
(Querist)
20 September 2014
Here is a query :
"Mr A" opens a Savings Bank Account in a certain Bank. He signs as "Mr B". Will it be a valid signature ?
Does a Bank Manager have authority to ask Mr A to sign as "Mr B" only as he is Mr A and not Mr B ? Isn't it infringement over the right of a customer ?
"Mr A" opens a Savings Bank Account in a certain Bank. He signs as "Mr B". Will it be a valid signature ?
Does a Bank Manager have authority to ask Mr A to sign as "Mr B" only as he is Mr A and not Mr B ? Isn't it infringement over the right of a customer ?
Nikhil Kaushik
(Expert)
20 September 2014
at best it is a fraud...
Message likes :
1 times
kr sachchidanand singh
(Querist)
20 September 2014
I did not expect the answer you posted. I wanted to know whether the customer Mr A was well empowered to sign as he wishes. Thanks
Nikhil Kaushik
(Expert)
20 September 2014
you are empowered to sign in any manner you wish to but to the effect as an impersonation.
And if the bank manager forces the customer to sign different to his original signature it would be straightaway fraud.
And if the bank manager forces the customer to sign different to his original signature it would be straightaway fraud.
kr sachchidanand singh
(Querist)
20 September 2014
Also please tell me whether the Bank Manager is authorized to ask a customer to put in his signature as his name is given in the account or in his KYC I-card please. When the Manager asks him to do so, whether it is infringement of the customer's right.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Visiting card purchase
- Query on effect of registration of property
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Number of years as per AS amortisation of Goodwill
- Equity Share Sale and Purchase
- Additional trade name
- Wrong CMPo8 file
- Whether output tax is taken credit by purchaser
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
