Opening bank account for school
This query is : Resolved
Poonam Dwivedi
(Querist)
06 July 2023
Sir we have a English medium school having affiliation upto class 8th English medium.
1.The school is registered under trust and trust is having it's pan and bank account. We wanted to buy a school vehicle so do we need to create a bank account for school separately or it can be bought through trust's bank account?
2. And if we want to open bank account on the name of school so what are the documents required?
1.The school is registered under trust and trust is having it's pan and bank account. We wanted to buy a school vehicle so do we need to create a bank account for school separately or it can be bought through trust's bank account?
2. And if we want to open bank account on the name of school so what are the documents required?
CA R SEETHARAMAN
(Expert)
06 July 2023
It can be bought through trust's bank account.
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