Business Registration Certificate

[Misty]

Can anyone tell me why you need a Business Registration Certificate that has been issued within 1 month in order to make corporate banking arrangements?

My company already has 3 corporate accounts (savings, current, and fixed deposit) with Bangkok Bank. I would like to arrange direct debit for my payroll. The bank wants copies of all the documents they already possess. This isn't that big a deal (except for the environment), but the bank also wants a copy of the Business Registration Certificate issued by the Ministry of Commerce within the past month--which is a bit of a hassle.

Anyone know why this would be? My existing Certificate is barely two months old, and the bank already has all my company's money!

[~G~]

Why? so they can be on the safe side. I agree that one month is a bit excessive. For SCB, a certificate issued in last 6 months is usually enough.

[davethailand]

I think you have to renew them every 3 months??

[~G~]

I think you have to renew them every 3 months??

Dunno. We only renew them when some Thai authority or another asks to get updated ones...

[davethailand]

I think you have to renew them every 3 months??

Dunno. We only renew them when some Thai authority or another asks to get updated ones...

same same

[SunbeltAsia]

Can anyone tell me why you need a Business Registration Certificate that has been issued within 1 month in order to make corporate banking arrangements?

My company already has 3 corporate accounts (savings, current, and fixed deposit) with Bangkok Bank. I would like to arrange direct debit for my payroll. The bank wants copies of all the documents they already possess. This isn't that big a deal (except for the environment), but the bank also wants a copy of the Business Registration Certificate issued by the Ministry of Commerce within the past month--which is a bit of a hassle.

Anyone know why this would be? My existing Certificate is barely two months old, and the bank already has all my company's money!

In case the directors have changed or the authority that the directors have changed or restrictions are now put on the Directors, etc.

lawyer.th.com

[Misty]

Thanks Sunbelt. Now I know!

(Do have to agree with ~G~ -- every 6 months would be easier to deal with...)

Edited July 5, 2006 by Misty