Dear sir,
One Pvt ltd company has two account. i.e. one current and another Cash credit account in same bank. Company receiving all funds/export payment in cash credit a/c but all cheque of current a/c is dishownering and not making payment to supplier. My question is that any Pvt ltd company can open two (Current and casg credit) account in same bank?? I think it is against RBI guidelines but no written paper is available. Pl suggest.
Suresh