Pvt Ltd Company Bank Account Rejected? Fix These 9 Common Errors in 24 Hours

1. Incomplete Board Resolution (31% of rejections)

Missing Elements:

• Not mentioning bank account opening specifically
• Absence of authorized signatory details
• Improper formatting

Our Fix: We provide legally compliant templates accepted by all major banks

2. Certificate of Incorporation Issues (22%)

Problems:

• Illegible copies
• Missing notarization
• Expired documents

Solution: We obtain fresh certified copies from ROC within 24 hours

3. PAN Card Mismatch (15%)

Common Errors:

• Name spelling differences
• Old PAN copies
• Unlinked PAN-Aadhaar

Resolution: We verify and correct all PAN discrepancies

4. Address Proof Problems (12%)

Bank Rejections For:

• Utility bills > 2 months old
• Non-notarized rental agreements
• Residential instead of business address

Our Service: Provides bank-approved virtual office solutions

5. KYC Document Errors (8%)

Director KYC Must Include:

• PAN + Aadhaar
• Photographs
• Current address proof
• DIN verification

6. Business Activity Concerns (5%)

High-Risk Categories:

• Cryptocurrency
• Gaming
• Financial services

Our Approach: Prepares additional compliance documentation

7. Bank Policy Restrictions (4%)

We Bypass By:

• Selecting appropriate bank partners
• Pre-verifying applications
• Leveraging our banking relationships

8. Signature Mismatch (2%)

We Prevent By:

• Cross-checking all signatures
• Providing signature affidavits
• Coordinating with bank managers

9. Inadequate Company Documentation (1%)

Often Missing:

• MOA/AOA copies
• Shareholding pattern
• Latest ROC filings