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Opening of Bank account

This query is : Resolved 
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(Querist)
23 December 2008 There is a HUF who owns business of advertisement by trade name XYZ. The HUF wants to open a bank account for this concern. By what name should the bank account be opened i.e in the name of HUF or in the Trade name? All the cheques received are in the trade name.
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CA R N Mohil

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CA R N Mohil (Expert)
23 December 2008 The bank account should be opened in firm's name showing HUF As proprietor of the firm.
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C A GROUP COACHING

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C A GROUP COACHING (Expert)
23 December 2008 FIRM NAME
PROPRIETOR HUF SIGNING AUTHORITY KARTA OF HUF
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
24 December 2008 It should be in trade name.
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