Direct Tax
Consulting
ESG Advisory
Indirect Tax
Growth Advisory
Internal Audit
BFSI Audit
Industry Audit
Valuation
RBI Services
SEBI Services
IRDA Registration
AML Advisory
IBC Services
NBFC Compliance
IRDA Compliance
Finance & Accounts
Payroll Compliance Services
HR Outsourcing
LPO
Fractional CFO
General Legal
Corporate Law
Debt Recovery
Select Your Location
Every Private Limited Company needs to do a few things after incorporation. Opening a bank account is one of those few steps. Let’s have look at the procedure and documents required to open a current account for Private Limited Company.
After Company Registration, a Private Limited Company needs to open a current account in the name of the company. Once a company gets its PAN number it can apply to open an account in a bank.
Table of Contents
The opening of a current account for a private limited company is really easy. Being a legal entity and complying with all the provisions of law makes it convenient for the companies to get a current account opened with any bank. To open a bank account, the company needs to provide all the documents required by the bank. The Reserve Bank of India has issued KYC norms, which prescribes certain documents to be submitted to the bank in order to open a current account with any bank.
As per the KYC norms[1], the following documents are required to be submitted to the bank:
As per RBI’s KYC norms and other requirements, various banks require various documents for opening a current account.
The following are the documents required to open a current account in the name of the private limited company:
Current account is a bank account for business which allows entrepreneurs to run their business effectively. The rules prescribed by the Reserve Bank must be strictly adhered to while opening the current account.
Read our article:E-Form MGT-14: Its Concept and the Procedure for Filing it
Financial management is critical in the dynamic world of construction, where projects differ in...
SEBI issued guidelines regarding the utilization of e-KYC Aadhar Authentication Services in the...
An audit of a charitable trust can be both Voluntary or Compulsory and compulsory, depending on...
The Securities and Exchange Board of India (SEBI) issued a circular to amend the requirements f...
With the interest of the investors in the security markets, an authorized government on 20th Ma...
Are you human?: 5 + 3 =
Easy Payment Options Available No Spam. No Sharing. 100% Confidentiality
As per Section 62(1)(b) of the companies Act, 2013, if at any time, a company having a share capital proposes to in...
03 Jan, 2020
Producer Company shall carry out an internal audit at such interval specified in the article by a Chartered account...
02 Dec, 2020
Chat on Whatsapp
Hey I'm Suman. Let's Talk!