Current account opening
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 April 2012
Dear Sir,
I want open a current account with Name ""Ram Travel" this is a Propriter how can open a current account and please tell me document for opening a account
Regards
Kripa
I want open a current account with Name ""Ram Travel" this is a Propriter how can open a current account and please tell me document for opening a account
Regards
Kripa
RAMESH KUMAR VERMA
(Expert)
18 April 2012
The person desiring to open a current account or a saving bank account has to apply to the bank concerned in the prescribed form. The application forms are printed and are available in the bank free of cost. Banks provide different application forms for opening a saving or current account. The application form contains the information regarding the name of applicant, his occupation, full address, and specimen signatures.
If a company wants to open a current account with a bank, the following documents have also been admitted:
1. A certified copy of the resolution of the Board of Directors for opening of the account.
2. A copy of the Memorandum and Articles of Association of the Company.
3. A copy of the Certificate of Incorporation and Certificate of Commencement of business.
4. Specimen signatures of the persons authorized to operate the account.
In the same manner, if a society or club wants to open an account with a bank, it should admit a copy of the certificate of registration, a copy of the resolution of its managing committee for opening of the account, a copy of its bye-laws and specimen signatures of persons authorized to operate the account. In case of partnership, a copy of the partnership deed is also to be submitted while opening a current account.
After the above formalities are over, the applicant deposits the initial amount and the banker opens an account in the name of the applicant. Generally, the minimum amount to be deposited varies from bank to bank.
If a company wants to open a current account with a bank, the following documents have also been admitted:
1. A certified copy of the resolution of the Board of Directors for opening of the account.
2. A copy of the Memorandum and Articles of Association of the Company.
3. A copy of the Certificate of Incorporation and Certificate of Commencement of business.
4. Specimen signatures of the persons authorized to operate the account.
In the same manner, if a society or club wants to open an account with a bank, it should admit a copy of the certificate of registration, a copy of the resolution of its managing committee for opening of the account, a copy of its bye-laws and specimen signatures of persons authorized to operate the account. In case of partnership, a copy of the partnership deed is also to be submitted while opening a current account.
After the above formalities are over, the applicant deposits the initial amount and the banker opens an account in the name of the applicant. Generally, the minimum amount to be deposited varies from bank to bank.
CA Kishore Tallam
(Expert)
18 April 2012
Get an application from bank, fill it up, sign it, give specimen signatures, photos, address and ID proofs and give the same to the banker.
Then they will process the application and allot u a bank account number.
Then they will process the application and allot u a bank account number.
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
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Form 144 TDS Return Validation Error – Mandatory Fields
- TDS- 2026-27 Q1 Correction
- Capital gains in IT returns
- LLP audit and disclosure
- How do you manage client document collection and follow-ups in your CA/CS practice?
- Advances to related party
- GST ITC as per notification 12/2023- central tax
- Urd purchase entry in tally prime
- Form 144 TDS Return Validation error
- Ito add credit side of bank
- Employee secondment
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
