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bank not included my team member’s name

Only for UK Tier 1 (Entrepreneur) points system. This route is now closed to new applicants.

Moderators: Casa, Amber, archigabe, batleykhan, ca.funke, ChetanOjha, EUsmileWEallsmile, JAJ, John, Obie, push, geriatrix, vinny, CR001, zimba, meself2

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priyapp190
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Posts: 5
Joined: Mon Jan 14, 2013 9:57 pm

bank not included my team member’s name

Post by priyapp190 » Mon Jan 14, 2013 10:18 pm

I applied for Entrepreneur visa on £200,000 investment from within the UK with my 1 team member ( switching from student to the Entrepreneur visa 200k ) ,I have £100,000 in my Indian bank account and my team member have £120,000 in his bank account but my bank not included my team member’s name in my bank latter.... ..is it ok ?
if not what can I do now ?

application made: 6th dec 2012
Application received by home office: 7th dec 2012
Fee taken from my credit card: 8th dec 2012
I still haven't received my biometric letter.

priyapp190
Newly Registered
Posts: 5
Joined: Mon Jan 14, 2013 9:57 pm

Re: bank not included my team member’s name

Post by priyapp190 » Thu Jan 17, 2013 8:30 am

priyapp190 wrote:I applied for Entrepreneur visa on £200,000 investment from within the UK with my 1 team member ( switching from student to the Entrepreneur visa 200k ) ,I have £100,000 in my Indian bank account and my team member have £120,000 in his bank account but my bank not included my team member’s name in my bank latter.... ..is it ok ?
if not what can I do now ?

application made: 6th dec 2012
Application received by home office: 7th dec 2012
Fee taken from my credit card: 8th dec 2012
I still haven't received my biometric letter.
PLEASE IF ANY ONE CAN HELP ITS URGENT

priyapp190
Newly Registered
Posts: 5
Joined: Mon Jan 14, 2013 9:57 pm

Re: bank not included my team member’s name

Post by priyapp190 » Sat Jan 19, 2013 7:19 pm

priyapp190 wrote:
priyapp190 wrote:I applied for Entrepreneur visa on £200,000 investment from within the UK with my 1 team member ( switching from student to the Entrepreneur visa 200k ) ,I have £100,000 in my Indian bank account and my team member have £120,000 in his bank account but my bank not included my team member’s name in my bank latter.... ..is it ok ?
if not what can I do now ?

application made: 6th dec 2012
Application received by home office: 7th dec 2012
Fee taken from my credit card: 8th dec 2012
I still haven't received my biometric letter.
PLEASE IF ANY ONE CAN HELP ITS URGENT
received my biometric letter.

smehmood
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Posts: 318
Joined: Wed Aug 01, 2012 11:30 pm
Location: Uk
Contact:

Re: bank not included my team member’s name

Post by smehmood » Sat Jan 19, 2013 7:29 pm

priyapp190 wrote:
priyapp190 wrote:
priyapp190 wrote:I applied for Entrepreneur visa on £200,000 investment from within the UK with my 1 team member ( switching from student to the Entrepreneur visa 200k ) ,I have £100,000 in my Indian bank account and my team member have £120,000 in his bank account but my bank not included my team member’s name in my bank latter.... ..is it ok ?
if not what can I do now ?

application made: 6th dec 2012
Application received by home office: 7th dec 2012
Fee taken from my credit card: 8th dec 2012
I still haven't received my biometric letter.
PLEASE IF ANY ONE CAN HELP ITS URGENT
received my biometric letter.

Hi
No Its not ok.
Contact with me to discuss in detail as can,t be answer here.

Regards
Shaukat

vinny
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Posts: 33327
Joined: Tue Sep 25, 2007 8:58 pm

Post by vinny » Thu Feb 14, 2013 5:54 am

If necessary, then submit additional documents.
This is not intended to be legal or professional advice in any jurisdiction. Please click on any given links for further information. Refer to the source of any quotes.
We do not inherit the Earth from our ancestors, we borrow it from our children.

esic_sonia
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Posts: 110
Joined: Fri Jan 25, 2013 2:57 pm
Location: London, UK

Post by esic_sonia » Thu Feb 14, 2013 2:05 pm

Banks are only allowed to issue letters unto account holder's name. They cannot issue it for third parties.

You need an official affidavit (notary signed) from india in which you allow your team member access to funds in your account. Then the same should be done by your team member for you.

1) Bank letter and bank statement would prove that bank is regulated under RBI in India (similar to FSA in UK). And funds are held in bank account and are disposable to the account holder

2) Official Affidavit would give permission for access to your bank account's funds for third party (or your team member). These are only applicable for NON-UK bank accounts.

Check the last few pages (Annex) of Tier 1 Entrepreneur Policy Guidance.
http://www.ukba.homeoffice.gov.uk/sitec ... dance1.pdf
------ In recruitment & consultancy business for more than 5 years. I only provide advice with first hand information. Please do not take my advice in legal perspective. For find more about venture capital investment, kindly contact me ------

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