Features
Eligibility
- Entity type: Private Limited/Partnership/LLP/OPC
- Should be less than 10 years from date of incorporation
- Should use innovative technology/methods/processes in its business and work towards a scalable business model with high potential for wealth creation
- Should provide specific declaration in Most Important Document (MID) at time of account opening
- DPIIT registration certificate (if available)
Documentation
1. What are the documents required for opening a Current Account of Limited Liability Partnership?
Following documents are required for opening a Current account of Limited Liability Partnership:
- Incorporation Document, Limited Liability Partnership Agreement
- Certificate of Incorporation
- List of all existing Designated Partners of LLP along with Designated Partner Identification Number (DPIN) issued by the Central Government
- Resolution passed at the meeting of Designated Partners for the particular relationship, which the LLP plans to have with the bank
- KYC of Designated Partners/Authorised Signatories
2. What are the documents required for opening Current Account of a company?
Following documents are required for opening current account of a company:
Private Limited Companies
- Memorandum of Association (MOA)
- Articles of Association (AOA)
- Certificate of Incorporation
- Latest list of directors duly signed by any Director/Company Secretary /Authorised Signatory
- Board Resolution (BR) duly signed by the directors of the company
- INC-21 and INC-20A will be required as applicable
Limited Companies
- Memorandum of Association (MOA)
- Articles of Association (AOA)
- Certificate of Incorporation
- Certificate of Commencement of Business
- Latest list of directors duly signed by any Director/Company Secretary/Authorised Signatory
- Board Resolution (BR) duly signed by the Directors/Company Secretary of the Company
- INC-21 and INC-20A will be required as applicable
