NGO Account Opening Requirements
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Questions and Answers

What is a mandatory requirement for opening a Non-Governmental Organization Account (NGO)?

  • Letter of Recommendation from a Government Official
  • Certificate of Registration (correct)
  • Business Plan
  • Annual Financial Report

    • Which document is required to be duly sealed and signed by the Chairman and Secretary for opening an NGO account?

  • Charter/Memorandum and Articles of Association
  • Resolution to open the account (correct)
  • SCUML certificate
  • Trust Deed

    • What is a necessary identification requirement for each signatory when opening an NGO account?

  • Valid and acceptable means of Identification (correct)
  • Driver's License of the signatory
  • Birth Certificate
  • Passport of the signatory

    • Which approval is needed for opening an NGO account as mentioned in the text?

    <p>Senior Management approval</p> Signup and view all the answers

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