Economics · Economy
When opening a bank account for an unregistered Club, Society, or Association, what is the key documentation requirement to establish the operational mandate and verify the entity's purpose?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The individual Permanent Account Number (PAN) card of the Secretary
- 2A personal indemnity bond from the President and Treasurer only
- 3A certified true copy of the Constitution, Rules, or By-laws of the entity✓
- 4A statutory certificate of incorporation
Correct answer
A certified true copy of the Constitution, Rules, or By-laws of the entity
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