Power of Attorney
This query is : Resolved
02 October 2007
Respected Expers,
Can Power of Attorney holder open or close bank account?
Can power of attorney holder open or close trading account?
CS Jatin Vora
Can Power of Attorney holder open or close bank account?
Can power of attorney holder open or close trading account?
CS Jatin Vora
02 October 2007
Yes..Depends on power delegated.
01 November 2007
There is revocable poa and irrevocable poa. Then there are clauses in poa. In case of irrevocable poa you delegate authoority and cannot withdraw. In revocable poa you can delegate and withdraw. Thus poa if given for bank account then the poa holder is the substitute and can do anything unless his powers are restricted.
08 November 2007
The format of all PoA are available in our files portal. Kindly down load it.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Capital gain consideration
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
Trending Online Classes
CAclubindia
