Sunday, May 18, 2008

Documents Required to open Partnership Account:

Following are the documents required to open a Partnership Account:
  • Account opening form supplied by the bank to be filled with full information
  • Proper identification documents of all partner
  • Transaction Profile to be filled mentioning expected transactions will be made in the account on monthly basis
  • Copy of Notarized Partnership Deed certified by the all partners of Registered Partnership Deed (registered with the Registrar of Joint Stock Companies and Firms) duly certified by the Registrar of Joint Stock Companies and Firm
  • Partnership Resolution signed by all the partners to open account in a bank indicating the types of account and mode of operation
  • Passport photograph of the partners duly attested by the account introducer
  • Copy of TIN & VAT certificate if available
At the same times bank must follow all other formalities with regard to KYC during opening of account.

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