banner_ad

Regarding fatca act

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
09 March 2016 SIR

Please tell me that---how FATCA ACT applicable for a company registered under co. act 1956 ?

co. want open a current a/c in kotak mahindra bank , Bank demand FATCA Act. declaration from the company. So what is this deceleration and in which circumstances this act will applicable to an Indian company registered under co. act 1956

Please its very urgent .

Thank you.
Profile Image

Ankur Singhal

Profile Image

Ankur Singhal (Expert)
10 March 2016 Dear
If a company has a USA resident as owner or as beneficiary owner then the bank is required to report that account under FATCA act. It does not matter where the company is incorporated.

The declaration bank need ask the bank what documents they want.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details