Legal Question in Banking Law in India
An account has been opened by a terminated trustee producing false documents. If the authorized trustees approaches the bank, will the signatories be changed to authorized trustees? will the bank account be ceased?
Asked on 2/04/16, 9:15 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
04.02.2016
Dear Sir / Madam,
Yes. You will have to submit incriminating evidence of the false documents to the Bank along with a copy of the Police First Information Report (FIR) lodged against the terminated trustee with a request to the Bank to take cognizance of the offence and amend and rectify their records correctly.
Regards,
Answered on 2/04/16, 9:45 am
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