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Opening bank a/c for pvt.ltd.

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 April 2013 Is it possible opening bank a/c of incorporation company with 2 lac rupees.in cash deposit in bank a/c
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Ajay Mishra

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Ajay Mishra (Expert)
01 May 2013 Hi

Yes, you can open a Bank Account with such sum of money.

Pass a Board Resolution for opening of Bank Account.
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Querist : Anonymous

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Querist : Anonymous (Querist)
01 May 2013 thanks sir
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Ajay Mishra

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Ajay Mishra (Expert)
01 May 2013 My pleasure..............
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
13 June 2013 I agree with you but do nto take this chance as on incorporation either you have received the money from the directors against shares or loan and if it exceeds Rs. 20,000 then it is to be taken by cheque only.
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CA.Vinita Gupta

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CA.Vinita Gupta (Expert)
13 June 2013 Agreed with the reply of Agarwal Sir, Open an account with less than RS.20000/-
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