Legal Question in Banking Law in India
Q1. Can the proprietor and the POA operate a current account simulteneously?
Q2. Can debit card be issued to the propietor if POA is accepted?
Asked on 6/04/16, 10:38 am
2 Answers from Attorneys
Fca Prashant Chavan
Expert Edge LLP
04.06.2016
Dear Sir / Madam,
No, the proprietor and the Power of Attorney (POA) holder cannot operate a current account jointly.
No.
Regards,
Answered on 6/04/16, 10:40 am
Dr Katta Venkata Rama Krishna
Drkattavrk
1) No. Proprietor means sole proprietor.
2) No
Answered on 6/04/16, 8:06 pm
Related Questions & Answers
-
Hi, i gave a check to my business partner for 50000 and have given 30000 in cash and... Asked 6/02/16, 12:39 pm in India Banking Law
-
Sir,I am ex Sbi officer.durring my job in SBI I have taken various staff loan and on... Asked 5/30/16, 7:25 pm in India Banking Law
-
I AM guarantor FOR CC account of my friend now i file a suit against bank and my... Asked 5/28/16, 8:08 am in India Banking Law
-
PARTY GOT LOAN FROM BANK UNDER DEFERRED PAYMENT GUARANTEE (D.PG) .AGAINST I.D.B.I.... Asked 5/27/16, 10:48 pm in India Banking Law
-
Bank Ask for ID, Address Proof (as self attested copy) should we have to sigh our... Asked 5/27/16, 1:26 am in India Banking Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
