Opening
a Bank Account
Banks are
likely to ask for -
- a copy
of the company's 'Certificate of Registration' (often referred to as
a 'Certificate of Incorporation'); and
- a copy
of the company's 'Constitution' (or, if their forms for new companies
are particularly out of date, a copy of the company's 'Memorandum and
Articles of Association').
If the company
does not have a Constitution, simply tell the bank, or write in the relevant
space on the bank's account application form -
'The
company does not have a Constitution - it is instead relying upon the
Replaceable Rules as it is entitled to do under section 134 of the Corporations
Act 2001.'
(Use the
above if the company does not have the same person as a sole director
and sole shareholder.)
or
'The
company does not have a Constitution (it is not required under the Corporations
Act 2001 to have a Constitution). As the same person is the company's
sole director and sole shareholder, sections 201F and 198E of the Corporations
Act 2001 provide the company's rules of internal management.'
(Use the
above if the company has the same person as its sole director and sole
shareholder.)
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