What are the documents required to open a corporate account?
A corporate account can only be opened offline, unlike resident individual accounts that can be opened online.
The documents required to open a corporate account depend on the KYC status of the company and the director. To learn how to check the KYC status, see What is Know Your Customer (KYC), and how can the KYC status be checked?
Table of contents |
KYC of the company and the directors are not registered
The table below shows the documents required if the KYC of the company and the directors are not registered:
Type of Document | Requirements |
Application form | |
Foreign Account Tax Compliance Act (FATCA) declaration | |
Account opening annexures | |
PAN |
|
Address proof |
|
Individual KYC form |
|
Certificate of incorporation |
|
Memorandum of Association (MOA) |
|
Articles of Association (AOA) |
|
Balance sheet |
|
Net-worth certificate |
|
Bank account proof |
|
Income proof |
|
KYC of the company and the directors are registered
The table below shows the documents required if the KYC of the company and the directors are registered:
Type of Document | Requirements |
Application form | |
Foreign Account Tax Compliance Act (FATCA) declaration | |
Account opening annexures |
|
Balance sheet |
|
Net-worth certificate |
|
Bank account proof |
|
Income proof |
|
The account opening charge is ₹500 for equity trading, demat and commodity accounts. Once all documents are prepared, email soft copies of the forms to [email protected]. The forms will undergo review for any necessary corrections. Upon completing the review process, courier the documents and a cheque of ₹500 in favour of Zerodha Broking Limited to:
Zerodha,
153/154, 4th Cross, J.P Nagar 4th Phase,
Opp. Clarence Public School,
Bengaluru - 560078
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 the UBO signature and the authorised person's seal and signature on the 3rd page if an individual holds 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. The entity should identify as an ultimate beneficiary and is required to submit the following documents:
- A copy of the UBO annexure (PDF) with the authorised person's seal and signature and signature of all the shareholders of such an entity holding 10% or more on the 3rd page.
- A copy of the PAN and address proof with self-attestation of all the shareholders of such an entity holding 10% or more.
- The 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.
In-Person verification (IPV) is the process of verifying that the person opening the account and the documents submitted are of the same person. As part of the mandatory IPV requirement for all brokers, the authorised person must complete the verification.
To complete the IPV online, visit signup.zerodha.com/ipv. A 4-digit OTP is generated and shown on the screen. Clients are required to enable the camera and show the OTP while being clearly visible. To learn how to enable the camera. See, How can the camera be enabled for an in person verification (IPV)?
To complete the IPV 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.
It can take upto 72 working hours to open the account. To learn about the applicable charges, see What are the account opening, brokerage and other transactional charges applicable to a Corporate account at Zerodha? For further assistance, call 080 4680 5727 or create a ticket.
Did you know?
- As per Rule 3 (6) of the Companies (Incorporation) Rules, 2014 (WEB), a One-Person Company (OPC) cannot carry out Non-Banking Financial Investment activities, including investment in securities. Hence, in line with regulations, Zerodha does not allow the opening of an OPC account.
- As per the CDSL guidelines (PDF), the nomination facility is available only for individual demat accounts. Therefore, non-individual account holders cannot add a nominee.
Still need help?