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Correspondence with Banks — Secretarial Practice STD 11 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 11 Commerce / ArtsSecretarial PracticeCorrespondence with Banks4 Marks
Question
Bank correspondence should be brief and to the point.
✓

Answer

  • The bank is a financial institution.
  • A company secretary has to conduct bank correspondence as per the instruction of the Board.
  • Bank correspondence needs careful and cautious drafting.
  • The company secretary has to use his knowledge, skill, and experience while conducting bank correspondence,
  • The company secretary has to conduct bank correspondence promptly and accurately.
  • Mistakes and delays in bank correspondence may bring financial loss to the company.
  • Bank correspondence should be always brief, compact, and precise.
  • Unnecessary or irrelevant information should be avoided in bank correspondence.
  • Thus, bank correspondence should be brief and to the point.

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