Regarding pan card & cheque
This query is : Resolved
06 September 2016
I have a Proprietorship business & want to make a PAN Card on the name of my business, while i have already an individual PAN Card on my name. Is it necessary to make PAN card on company name.
Actually we are going to submit vendor registration form to MNC company and he is asking for PAN card and one Cancelled cheque.
My question is can i submit personal PAN Card and personal account cheque.
I have already current account on company name but write now dont have any cheque already applied for the cheque to bank..
Actually we are going to submit vendor registration form to MNC company and he is asking for PAN card and one Cancelled cheque.
My question is can i submit personal PAN Card and personal account cheque.
I have already current account on company name but write now dont have any cheque already applied for the cheque to bank..
20 July 2025
Great question — this is a common point of confusion with proprietorships.
✅ Clarification:
In the case of a sole proprietorship, the business and the proprietor are considered the same legal entity. That means:
📝 PAN Card:
You do NOT need a separate PAN card for your business.
The individual PAN card of the proprietor is used for all business-related income tax and compliance.
✅ Yes, you can submit your personal PAN card for vendor registration of your proprietorship firm.
🏦 Cancelled Cheque:
Since you already have a current account in the firm's name, it's better to wait for the cheque book to arrive so that you can submit:
A cancelled cheque from your current account in the firm's name, as required by the MNC.
This is important because:
A personal cheque (from a savings account) might not match the firm's trade name, which can cause issues with payment processing or registration validation.
MNCs typically want to see that payments are being routed to a business account.
🚀 Recommended Action:
Submit your personal PAN (individual PAN of the proprietor).
Wait for the cheque book to arrive from the bank (since you already applied).
Submit a cancelled cheque from your firm’s current account.
Note:
If urgent, some banks issue a cheque certificate or letter confirming account ownership. You can request this from your bank manager and submit it temporarily along with the PAN, until the actual cheque book arrives.
✅ Clarification:
In the case of a sole proprietorship, the business and the proprietor are considered the same legal entity. That means:
📝 PAN Card:
You do NOT need a separate PAN card for your business.
The individual PAN card of the proprietor is used for all business-related income tax and compliance.
✅ Yes, you can submit your personal PAN card for vendor registration of your proprietorship firm.
🏦 Cancelled Cheque:
Since you already have a current account in the firm's name, it's better to wait for the cheque book to arrive so that you can submit:
A cancelled cheque from your current account in the firm's name, as required by the MNC.
This is important because:
A personal cheque (from a savings account) might not match the firm's trade name, which can cause issues with payment processing or registration validation.
MNCs typically want to see that payments are being routed to a business account.
🚀 Recommended Action:
Submit your personal PAN (individual PAN of the proprietor).
Wait for the cheque book to arrive from the bank (since you already applied).
Submit a cancelled cheque from your firm’s current account.
Note:
If urgent, some banks issue a cheque certificate or letter confirming account ownership. You can request this from your bank manager and submit it temporarily along with the PAN, until the actual cheque book arrives.
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