ARTI SHARMA (Article Assistant) (53 Points)
16 March 2012Experts,
one vodafone mini store as proprietorship firm is bought by another person as proprietorship firm only but the same will be carried out in the existing name and with same bank account. can the existing account be carried forward by submitting the application in bank instructing to change the particulars of old owner to new owner? and how will this treatment be given in agreement between vodafone company and new vodafone mini store proprietor.
Thanks in advance please help its urgent...
Giridhar S Karandikar
(Team Lead)
(7543 Points)
Replied 16 March 2012
the change in ownership of the bank account, would depend the bank in whihc the account is being operated. If the bank says that a the old account will be requried to be closed and a new account shud be opened, then the new account will be requreid to be opend.
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