open a bank account?

suchita kothari (service) (113 Points)

19 January 2011  

Dear all,

 

Please let me know is it compulsory to open a bank account at the place where registered office of a company is situated?

Is there any specific provision for for this in Companies Act, 1956?

 

I am asking this for the purpose of application for IEC.

 

waiting for your reply.

 

Thanks to all in advance