Share application bank a/c

Sushil Kumar Mohanty (Accountant) (137 Points)

07 August 2014  

Dear friend 

Please suggest as per Company Act 2013, share application money receive to open an separate bank a/c in the name of the company,

Will the account to open "XYZ Pvt.Ltd. - Share Application Money A/c" or" XYZ Pvt.Ltd."