A Portfolio Management Services (PMS) firm can open a trading account with Zerodha in the equity cash and F&O segments. The documents required to open an account depend on the KYC status. To know how to check the KYC status, see What is Know Your Customer(KYC)? How can I check my KYC status?

If the KYC of the company and the directors are registered, the following documents are required to open a corporate account:

Application form

Trading application form (PDF) and Most Important Terms and Conditions (PDF).

FATCA Declaration

A Foreign Account Tax Compliance Act (FATCA) Declaration (PDF).

Supporting Documents

• Board resolution on the company letterhead (PDF).
• Client Master Report (CMR) copy of demat account. See What is a CMR copy and where can I get it?
• CP allotment letter from the exchange.
• SEBI Certificate.
• A copy of the balance sheet of the latest two financial years with the seal and signature of the authorised signatory or director. The balance sheet must also be attested by a Chartered Accountant (CA) and have the CA's name, CA company name, member registration number (M. NO), UDIN, date and city. Refer to the sample balance sheet (PDF). The balance sheet has to be submitted every financial year after the account is opened.

Ultimate Beneficial Owner (UBO)

An individual is identified as an ultimate beneficiary if they have shareholding, capital or profits of 10% or more in the company. They are required to submit the UBO annexure (PDF).

If no individual is identified, the senior managing official may be considered as the UBO, and the following documents are to be submitted:

• A copy of the UBO annexure (PDF) with signature on the 3rd page of an individual holding 10% or more.
• A self-attested copy of the PAN and address proof of those holding 10% or more.

If an entity has more than 10% of the shareholding, capital or profits in the company. In that case, the entity should identify as an ultimate beneficiary and is required to submit UBO annexure.

• A copy of the UBO annexure (PDF) with signature on the 3rd page of the whole time director or individual promoters of such an entity holding 10% or more.
• A copy of the PAN and address proof with self-attestation of the whole time director or individual promoters of such an entity holding 10% or more.
• Latest shareholding pattern (PDF) (on the company letterhead) of such an entity holding 10% or more, with the signature of the whole-time director or individual promoters.

If the KYC of the company and the directors are not registered, the following documents are required to open an account:

Application form

Trading application form (PDF).

FATCA Declaration

A Foreign Account Tax Compliance Act (FATCA) Declaration (PDF).

Supporting Documents

• Client Master Report (CMR) copy of demat account. See What is a CMR copy and where can I get it?
• CP allotment letter from the exchange.
• SEBI Certificate.
• A PAN copy of the company with the seal and signature of the authorised signatory or director.
• Address proof in the name of the company with seal and signature of the authorised signatory or director. The proof can be any one of the following: certificate of incorporation, the latest month's transaction copy of bank statement, utility bill, MCA copy, or lease or rent agreement.
• Self-attested individual PAN copies of all the authorised signatories or directors.
• Self-attested individual address proof of all the authorised signatories or directors.
• Additional copy of PAN and address proof of the authorised signatories with company seal and signature.
• Individual KYC form (PDF) signed by each authorised signatory or director. The director has to sign without the stamp on individual KYCs and supporting documents.
• A copy of the certificate of incorporation is to be signed by the authorised signatory or director with the company seal.
• The Memorandum of Association (MOA) and the Articles of Association (AOA) of the company, with the authorised signatory or director seal and signature on the first 4 pages of the MOA and AOA. If the director details are missing on the MOM, and AOA, an additional FORM-32 or DIR-12 copy is to be submitted.
• A copy of the balance sheet of the latest two financial years with the seal and signature of the authorised signatory or director. The balance sheet must also be attested by a Chartered Accountant (CA) and have the CA's name, CA company name, member registration number (M. NO), UDIN, date and city. Refer to the sample balance sheet (PDF). The balance sheet has to be submitted every financial year after the account is opened.
• If the company is newly incorporated, then a net-worth certificate from the chartered accountant with the UDIN number specified and income tax declaration (PDF) on the company letterhead with authorised signatory or director seal and signature.
• A bank account proof of the company for linking with the Zerodha account. The following bank account proofs are accepted: A personalised cancelled cheque with the company name printed on it or a bank statement or a bank passbook copy with the bank account number, MICR, and IFSC code clearly visible.

Account opening annexures

• Board resolution on the company letterhead (PDF).
• List of directors (PDF).
• Latest shareholding pattern (PDF).
• Annexure A on the company letterhead (PDF).

Ultimate Beneficial Owner (UBO)

An individual is identified as an ultimate beneficiary if they have shareholding, capital or profits of 10% or more in the company. They are required to submit the UBO annexure (PDF).

In case no individual is identified, the senior managing official may be considered as the UBO, and the following documents are to be submitted:

• A copy of the UBO annexure (PDF) with signature on the 3rd page of an individual holding 10% or more.
• A self-attested copy of the PAN and address proof of those holding 10% or more.

If an entity has more than 10% of the shareholding, capital or profits in the company. In that case, the entity should identify as an ultimate beneficiary and is required to submit UBO annexure.

• A copy of the UBO annexure (PDF) with signature on the 3rd page of the whole time director or individual promoters of such an entity holding 10% or more.
• A copy of the PAN and address proof with self-attestation of the whole time director or individual promoters of such an entity holding 10% or more.
• Latest shareholding pattern (PDF) (on the company letterhead) of such an entity holding 10% or more, with the signature of the whole-time director or individual promoters.

Sample copy and signature guidelines

Check the filled sample equity form (PDF) ,  sample FATCA form (PDF) , and sample annexures (PDF) for reference.

Refer to the signature guidelines (PDF) to learn how to sign all the forms.

In-Person Verification (IPV)

As part of the mandatory IPV requirement for all brokers, the authorised person must complete the verification. The verification can be done online or offline. To learn how to do it online, see What is in person verification and why is it needed? To do it offline, the authorised person must visit a Zerodha branch office, or a representative of Zerodha would be required to visit the offices or residences of the client to complete the IPV procedure.

Need help? Call on 080 4680 5727 or create a ticket.

Once all the documents are ready, e-mail the soft copy of all the forms to [email protected]. The forms will be reviewed in case any corrections are required. After the forms are reviewed, courier the documents along with a cheque in favour of Zerodha Broking Limited for the following amount:

• ₹500 towards Equity trading account opening charges.

Courier all the documents to the following address:

Zerodha,
153/154, 4th Cross, J.P Nagar 4th Phase,
Opp. Clarence Public School,
Bengaluru - 560078

It can take upto 72 working hours to open the account. To learn the charges applicable to a corporate account, see What are the account opening, brokerage and other transactional charges applicable to a Corporate account at Zerodha?