Hi,
The company is Pvt Ltd and maintained a current account in Allahabad Bank from past 14 months. Our concern is that,
1, Can it be possible to open a new current account in another bank and discontinue the current account from Allahabad Bank?
2, If yes then, Is it mandatory to be present both directors of the company or the documents signed by both directors at the time of opening a new current account with another bank? (since the company has 2 directors and one director resides away from where the company is operating its business/ want to open new account).
Awaiting your reply as we have short time to make a decission.
CAclubindia
