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Regulations & Policies

Where the Donor maintains a Sole Proprietorship account with the Bank, does the Donee have the right to manage the Sole Proprietorship account on behalf of the Donor? 

Yes, unless the Donor has restricted the powers of the Donee on property & affairs matters through conditions and exclusions. In such a situation, the Donee should ensure that he/she acts within his mandate. The Bank is unable to control or monitor the Donee’s exercise of powers (For more information, please see question C3). 

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