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What are the formalities that are required to be completed to open a Corporate Account?

April 26, 2017account corporate formalities

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What are the formalities that are required to be completed to open a Corporate Account?

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The procedure to be followed in order to open a Corporate account is quite similar to the opening of an account by an individual, but in addition to that you also have to submit the Memorandum of Association (MOA) as well as the Board Resolution for authorized signatories in case of a limited and private limited firms.