Certification Course on GSTR-3B Reconciliation with GSTR-2B using AI Tools
AI and Excel (Start the New Year with New Learnings)
Certification Course on ChatGPT and AI Tools for Professionals
Certification Course on Tally With AI
Certification Course on Advanced Excel with AI Tools
Does closure of bank account by a Company require Board approval?
yes board approval is required for closing a bank account
Exactly it requires Board approval and resolution as well.
if the resolution for opening the same bank account authorises any of the director or two/more of them to apply to bank to close the account, then there is no need for the board approval again
yes it is required. as even we close individual account, the bank take this request in writing.
as a company do act thriugh Diretcors and directors collectively act as board through resolution.
hope i m right
Bank will ask for certified copy of Board Resolution for closing the account
Your are not logged in . Please login to post replies Click here to Login / Register
More recent discussions | Post
India's largest network for finance professionals
Alternatively, you can log in using: