1) CAN A PUBLIC LIMITED COMPANY OPEN A SAVING BANK A/C IN A NATIONALISED OR CO-OPERATIVE BANK?
2) WHAT IS THE NOTIFICATION FOR LARGE CASH TRANSACTION DEPOSITED IN A SAVING BANK A/C ?
CA CS Amit Borade
(Chief Accountant)
(2828 Points)
Replied 23 July 2009
Hi Sukanya
1) Yes Public company can open SB a/c in nationalized Bank or Co-op Bank
2) If u r enquiring about CTT then please refer www.icai.org/resource_file/10693june05p1705-08.pdf .
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