Recurring ACCOUNT

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MANAGER
373 Points Posted on 24 June 2023

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 ?

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On 24 June 2023 at 11:51 Report
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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.

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"Do the Right Thing...!!!"
128157 Points Posted on 24 June 2023
As per My View No need.

In case any security deposit then it will be shown in R.O.C.
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On 24 June 2023 at 15:39
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Profession
28267 Points Posted on 25 June 2023
You can show.
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On 25 June 2023 at 12:31

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