Question

Which of the following is NOT a legal requirement for opening a bank account of a limited company?

• A. Copy of Memorandum of Association
• B. Copy of Article of Association
• C. Certificate of Incorporation
• D. Specimen signatures of all the directors

Answer 1

The correct option is D Specimen signatures of all the directors

Specimen signatures of all the directors is not a legal requirement for opening a bank account of a limited company. Whereas, to open a bank account copy of Memorandum of association, article of association and certificate of incorporation- all these are required for opening a bank account.