Recurring ACCOUNT

If a Pvt Ltd Company open a RECURRING Account in Bank for his company  name , then it is mandatory to show this in R.O.C ?

Replies (2)
Quick Summary
This discussion explores whether a Private Limited company must report a recurring account opened in its name to the Registrar of Companies (ROC). The consensus suggests it's not mandatory unless the account involves a security deposit, which would then require disclosure. It's advisable to check specific regulations or consult with a professional for clarity.

As per My View No need.

In case any security deposit then it will be shown in R.O.C.
You can show.

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