Legal Question in Banking Law in Pakistan
What are joint ventures? what are the documents required to open bank accounts of joint ventures?
Asked on 12/11/10, 12:25 am
1 Answer from Attorneys
Salman Khan
International Lawyer
joint ventures are when two business entitites carries on a single project or multiple projects together. In a partnership when account is opened, they take ntn numbers, partnership deed and cnic copies of partners. I dont have exact idea what they require in joint venture because policies do vary from bank to bank and you have to consult bank officers for that but it is for sure that cnic copies would be there of the persons' representing each business identity, authority letters and few other things. For more do consult me at [email protected]
Regards,
Answered on 12/11/10, 3:42 am
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