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    Tahir Rehmani
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    © All Rights Reserved
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    12 views4 pages

    Bank Notes

    Uploaded by

    Tahir Rehmani

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Flag for inappropriate content
    of 4
    ne act banker f rsonal counts BP he dltectors tree. f dlectore: The account of te company and to see that there is no wrongfyy Peration in the same bank. [tis the duty of tne 6) Winding up of the sen o¥e0N of ands between the 4 a liquidator iS "appointed, the b; RY: In cay wound up an eee immediately The pony SPU suspend the gpeeacy athe company’s Bank SCze necessary orders eng pont f cheques ete ito De stopped. The banker IS 0 4. BANG ten of the liquidator Relationship between Ke AND CUSTOMER RELATIONSHIP agrees t0 OPEN an account paket and customer comes into existence when customer is based on simpig (© NAme of customer. The relationship between fistomer and makes et contract. The bank in it agrees to hold the deposi collecting and paying of che a him. It also renders a number of other functions suc! investments etc. ‘QUES. Issuing of letter of credit, rendering advice in respe the banker bank and its of the +h as act of The relation ber serve the society eet enker and the customer is of utmost importance. Both between the banker and the erase conomy t© expand, Before we discuss the relationship and customer are made cles MS OMEN, it Seems necessary that the two terms “banker {a) Meaning of a banker cee A banker is a dealer in capital or mon i © properly a dealer in money. He is an _nesipagend el tera the borrower and the lender febonvae tom ore party and ee business ee to Dr. Herber Hart, “a banker or a bank is a person carrying on i hae Of receiving Money, and Collecting drafts for customers subject to the obligation of honouring cheques drawn upon with them from time to time by the Reh lg Cohen

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