I am planning to start an institution to coach students for certain exams and English language as a sole proprietorship. All banks are asking for TWO government issued documents as proofs of the business as per an RBI circular. They don't seem to know WHAT documents are valid in my case. It's not a company so there is no registration certificate and service tax registration is only required if the turnover crosses a certain amount. I am really worried as I can't seem to find out how to get 2 documents. If I try to register for shops and commercial establishment, they too ask for a proof of business like a bill in the name of the business. And the service providers(telephone/electricity) also require some proof to issue bills in a business name. And banks are refusing to accept CA's letter. Please help me as to how to get my bank account opened as I would be accepting fees through demand drafts.
Thanks
