Choose the correct answer with reason (s)/justification in each case, out of the given alternatives: (ii) While opening an account in the name of a company, the most important document to be seen is: (a) List of employee
CS Professional · Banking - Law and Practice · PYQS · June 2018
Choose the correct answer with reason (s)/justification in each case, out of the given alternatives: (ii) While opening an account in the name of a company, the most important document to be seen is: (a) List of employees/directors of the company. (b) List of promoters/shareholders of the company. (c) Memorandum and Articles of Association of the company. (d) Instructions of the Registrar of Companies.
Answer & Explanation:
(c) Memorandum and Articles of Association of the company.
Topics: Banking Law and Practice
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