Comment on Account Opening Process - Corporate,Partnership Firm, & HUF

SATISH REDDY VVM commented on 03 Jun 2017, 07:33 PM

Hi Nitin,

Greeting of the Day!
Really having a tough time opening the corporate (non-individual Account). In our case, ‘Director 1’ is the only authorized signatory for the Bank Account, hence the Banker is not ready to attest ‘Annexure IA’ as it also has the photograph and Signature of ‘Director 2’, besides the ‘Director 1’ Photo and Signature. Their justification, being ‘Director 2’ Sign and photo are not in the records of the Bank as ‘Director 2’ is not authorized Signatory for the Bank Account! Please suggest.

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