What are the documents required to open a corporate account?
If the KYC of the company and the directors is not registered, you’ll need the following documents to open a corporate account:
1. Account Opening Form – Non-Individual
2.Demat Debit and Pledge Instruction (DDPI), which allows a broker to debit securities from the client’s demat account and deliver them to the exchange. The DDPI is optional.
3.FATCA Declaration.
4.Supporting documents, including PAN copies of the company with the seal and signature of the authorized signatory or director, address proof in the company’s name, self-attested individual PAN copies of all authorized signatories or directors, individual address proof of authorized signatories or directors, and more.
5.Individual KYC form signed by each whole-time or executive director.
6.Certificate of incorporation with the seal and signature of the authorized signatory or director.
7.Memorandum of Association (MOA) and the Articles of Association (AOA) of the company, with authorized signatory or director seal and signature. Please note that MOA must contain a clause authorising the Company to invest in Securities market as otherwise the company is ineligible to open a Trading/Demat Account
8.Annual reports with Balance sheet & P& L Account of the latest three financial years, attested by a Chartered Accountant (CA).
9.Net-worth certificate from the Chartered Accountant for newly incorporated companies.
10.Bank account proof for linking with Tradejini.
11.Income proof to activate the F&O and commodity segment.
12.Account opening annexures, including board resolution, list of directors, shareholding pattern, List of Authorised Signatories and UBO information.
13.In-person Verification (IPV) by the authorized person, either online or offline.
What documents are required to open a corporate account if the KYC of the company and directors are registered?
1. Account Opening Form – Non-Individual
2.Demat Debit and Pledge Instruction (DDPI) form which is optional.
3.FATCA Declaration.
4.Supporting documents, including the balance sheet of the latest two financial years, net-worth certificate for newly incorporated companies, bank account proof, and income proof for F&O and commodity segment activation.
5.Board resolution.
6.UBO Annexure A.