A cheque in the name of karta can be deposited in HUF A/c?

POSTED BY neeraj k ON September 6, 2012 10:40 pm COMMENTS (3)

 

I have created a HUF account. Now if I receive some cheque in karta’s name instead of huf name, can I deposit this cheque in HUF account?

Since Karta is working on some bussiness on behalf of HUF, but cheque issued is in name of karta. Will bank accept cheque in name of karta deposited in huf account?

 

3 replies on this article “A cheque in the name of karta can be deposited in HUF A/c?”

  1. VISHWANATH B SHIVAPUR says:

    CAN KARTA DEPOSIT CHEQUES TO BANK HUF ACCOUNT WITHOUT MENTIONING THE HUF?

    1. Hi VISHWANATH B SHIVAPUR

      Thanks for asking your question. However, I dont think I am eligible to answer your query as its either out of scope of my knowledge or its not related to money matter directly

      Manish

  2. Dear Neeraj, as the Karta is doing business on behalf of HUF, the cheque should be in the name of HUF itself.

    Thanks

    Ashal

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