14 April 2015
Whether a private company is required to open a separate bank account as mentioned under provisions of section 42 of the CA, 2013? We can show the allotment within 2 days of receiving application money, but still a company has to go through the procedure of opening a bank A/c? Company cannot use its existing bank account just for the procedure of 2 days? Kindly also consider urgency of the event.
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