The transfer of company funds shall be handled through the company's basic deposit account, and it is not allowed to open an account in the name of an individual to store and settle working capital.
1. According to the Company Law
Article 171 A company may not set up other accounting books besides the statutory accounting books. No account shall be opened for the company's assets in the name of any individual.
2. According to the Measures for the Administration of RMB Settlement Accounts
Article 33 basic deposit account is the depositor's main account. The receipt and payment of funds for depositors' daily business activities and the withdrawal of wages, bonuses and cash shall be handled through this account.
Extended data:
According to the Measures for the Administration of RMB Bank Settlement Accounts, Order No.5 [2003] of the People's Bank of China
Article 8 The opening and use of bank settlement accounts shall abide by laws and administrative regulations, and bank settlement accounts shall not be used for tax evasion, debt evasion, cash withdrawal or other illegal and criminal activities.
Matters needing attention
1. The collection account information is clearly stipulated in the contract between both parties;
2. If no formal contract is signed, the receiving enterprise may be required to issue a power of attorney with signature and seal. (with reference samples);
3. Strictly regulate the internal working system, requiring the employees responsible for payment to remit money only to the accounts confirmed by the payee in the above way, and resolutely put an end to remittance to private accounts at will based on personal trust. If there is any change, you need to re-apply for entrustment.