Q.State the documents a company must generally submit to a bank while applying to open a Current Account.

A bank needs proof of the company's legal existence, proof of who runs it, and proof of who may operate the account, before it will open one. …

To open a Current Account, a company generally submits:

1. A certified true copy of the Board Resolution authorising the account and naming the authorised signatories.
2. A certified copy of the Certificate of Incorporation.
3. Certified copies of the Memorandum and Articles of Association.
4. The company's PAN card and its CIN.
5. Proof of the company's registered office address.
6. A list of Directors, along with their own KYC (identity and address proof).
7. Specimen signature cards and photographs of the persons authorised to operate the account.
8. The initial deposit required by the bank's minimum-balance rule. …

Students sometimes forget that specimen signatures of the authorised signatories are required in addition to the company's own constitutional documents — the bank needs both pro …