Opening of Bank account
This query is : Resolved
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.
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.
C A GROUP COACHING
(Expert)
23 December 2008
FIRM NAME
PROPRIETOR HUF SIGNING AUTHORITY KARTA OF HUF
PROPRIETOR HUF SIGNING AUTHORITY KARTA OF HUF
24 December 2008
It should be in trade name.
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