Query

Is it possible

Suppose I am Proprietor of ABC & Co.  and i have Bank A/c (Current A/c in Name of ABC & Co.) i received a cheque from My Name i.e. hemchand Kohli now my question is that is it possible i deposit this cheque in ABC & Co. and i have no saving A/c

Thanks

Replies (6)

Hemchand...!

 

Yes this can be done but u hv to gv a declaration, along wid rubber stamp, stating that u r the proprietor of that firm..

but in normal case the cheque cannot be deposited in Current a/c becoz the cheque is in the name of individual n a/c is in the name of firm..

 

Adarsh

Impossible.... U can deposit only in ur account.

u cant deposit in firm account.

Hi,

It is an individual cheque and can't be deposited in Firm A/c pl.

bank accepts on declaration.. i had done this..

 While filling Pay-in-slip write as under :

 

ABC & Co. Prop. Hemchand Kohli

 

It will be accepted by the bank. 

thanks very much

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