Comment on Various Types of Accounts

Ashish commented on 31 Aug 2014, 12:40 AM

Hi Nithin,

You mentioned that one cannot open a trading account in the name of a proprietorship but can one link a bank account of the proprietorship to an existing trading account of the proprietor. The proprietor already has a personal bank account linked to his existing trading account and wants to add the bank account of the proprietorship to his trading account to speed up the transfer of funds. Can you confirm if this is possible ? Assume that a CA can provide a certificate that the proprietorship does indeed belong to the proprietor.

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