Urgent query-r.d account by partnership firm
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 November 2013
Dear Experts
Happy Diwali!!!
I am here with a small query that A partnership firm with 4 partners are doing business in the area of some medical services . now, they want to open an recurring deposit account with a bank for 12 months in the name of partnership firm.
1) can they do that?
2) if yes, is there any requirement/changes required etc.
Pls. reply
Thanks in advance!
Happy Diwali!!!
I am here with a small query that A partnership firm with 4 partners are doing business in the area of some medical services . now, they want to open an recurring deposit account with a bank for 12 months in the name of partnership firm.
1) can they do that?
2) if yes, is there any requirement/changes required etc.
Pls. reply
Thanks in advance!
02 November 2013
1. Yes you can open such account in the name of the partnership firm.
2. just check whether or not the partnership deed has any clause which restricts opening of such accounts.
2. just check whether or not the partnership deed has any clause which restricts opening of such accounts.
02 November 2013
1. Yes you can open such account in the name of the partnership firm.
2. just check whether or not the partnership deed has any clause which restricts opening of such accounts.
2. just check whether or not the partnership deed has any clause which restricts opening of such accounts.
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