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Why is a Cancelled Cheque Required for KYC?

Why is a Canceled Cheque Required for KYC

Introduction Banking institutions must follow the KYC process to better understand their customers. In order to proceed with this process, it is necessary to provide proof of your identity and address. A cancelled cheque can be proof as it contains your name, account number, and bank information. Please ensure that …

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What is a Nominal Partner in Partnership?

What is a Nominal Partner in Partnership

Definition of Nominal Partner The Nominal Partner is an individual who is not a part-owner and not actively involved in the firm’s operations. They are often well-known figures who lend their name to the company for a fee. Who is the Nominal Partner in the Partnership? A nominal partner lends …

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What is the Reunion of Partition under Hindu Law?

What is the Reunion of Partition under Hindu Law

The reunion of partition is a procedure to re-joined a status that the family members made as a partition of family property in previous. In simple words, we can say that the reunion reflects that kind of position where the family exists at once joint before the partition of the …

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