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Prasad   23 January 2017

Freezing bank account

A Partnership firm is having 3 partners with equal rights with Bank accounts which can be accessed individually / severally. One of the partner requires the bank account access to be changed into severally, since he finds that the others partners are manipulating the accounts and accessing cash from the accounts. What are the steps to be followed to change the accessibility of bank account from individually to severally (should be signed by all the partners). Or is there any option to freeze the account which is operational ??


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