PAN CARD of "Apartment Owners Association"

Save Share

This query is : Resolved

Quick Summary

To open a bank account for your housing society, you'll need a PAN card. However, you can only apply for this once your society is officially registered under the Societies Registration Act 1860 and relevant state laws. The application process requires submitting your memorandum of association, bye-laws, and details of your society's office bearers.

Mahabir Prasad Agarwal

Mahabir Prasad Agarwal (Querist)

15 October 2024 We have formed a Society to maintain day to day affairs of the flats in the name of "XYZ Housing Society" We have to open a bank a/c in the name of the society, but bank asks for PAN card. What documents will be required for applying the PAN Card ? Whether without registration of the said society, is it possible to apply PAN card of the society ?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

15 October 2024 No, without registration of the society under housing society act, it is not possible to apply for PAN card.

Sowmya.G

Sowmya.G (Expert)

16 October 2024 Your society must be registered as per the societies registration act 1860 and the relevant state legislation. You need to submit your memorandum of association, bye laws of the society, details of president, secretary, treasurer and members along with application with your jurisdictional registrar.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now