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 LLP is registered, the following documents are required to open:

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 LLP 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.
• If the LLP is newly incorporated, then a net-worth certificate from the chartered accountant with UDIN number specified and income tax declaration (PDF) on the LLP letterhead with authorised signatory or partner seal and signature.

Ultimate Beneficial Owner (UBO)

An individual is identified as an ultimate beneficiary if they have shareholding, capital or profits of 15% 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 15% or more.
• A self-attested copy of the PAN and address proof of those holding 15% or more.

If an entity has more than 15% of the shareholding, capital or profits in the company. In that case, the entity should identify as an ultimate beneficiary, and the following documents are to be submitted:

• 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 15% 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 15% or more.
• Latest shareholding pattern (PDF) (on the LLP letterhead) of such an entity holding 15% or more, with the signature of the whole-time director or individual promoters.

If the KYC of the LLP and the partners 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 LLP with the seal and signature of the authorised signatory or partner.
• Address proof in the name of the LLP with seal and signature of the authorised signatory or partner. The proof can be any one of the following: certificate of incorporation, the latest month's transaction copy of bank statement, utility bill, Ministry of Corporate Affairs (MCA) copy, or lease or rent agreement.
• Self-attested individual PAN copies of all the authorised signatories or partners.
• Self-attested individual address proof of all the authorised signatories or partners.
• Individual KYC form (PDF) signed by each authorised signatory or partner. The partner 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 partner with the company seal.
• A copy of the LLP agreement with the investment clause included, attested by a public notary. The first 3 pages of the LLP agreement (on all pages if lesser) should have the seal and signature of the authorised partner or signatory.
• A copy of the balance sheet of the latest two financial years with the seal and signature of the authorised signatory or partner. 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 LLP is newly incorporated, then a net-worth certificate from the chartered accountant with the UDIN number specified and income tax declaration (PDF) on the LLP letterhead with authorised signatory or partner seal and signature.
• A bank account proof of the LLP for the linking with the Zerodha account. The following bank account proofs are accepted: A personalised cancelled cheque with the LLP name printed on it or a bank statement or bank passbook copy with the bank account number, MICR, and IFSC code clearly visible.

Account opening annexures

• Board resolution on the LLP letterhead (PDF).
• Latest shareholding pattern (PDF).
• Annexure A on the LLP letterhead (PDF).

Ultimate Beneficial Owner (UBO)

An individual is identified as an ultimate beneficiary if they have shareholding, capital or profits of 15% 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 15% or more.
• A self-attested copy of the PAN and address proof of those holding 15% or more.

If an entity has more than 15% of the shareholding, capital or profits in the LLP. In that case, the entity should identify as an ultimate beneficiary, and the following documents are to be submitted:

• 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 15% 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 15% or more.
• Latest shareholding pattern (PDF) (on the LLP letterhead) of such an entity holding 15% 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.

If a partner in the PMS firm is a company, the following additional documents are required to open a PMS-LLP account:

• If the company is KYC registered, a board resolution (PDF) is required to verify the authorised signatories.
• If the company is not KYC registered, the following documents and annexures should be signed by an authorised signatory or director with the company stamp:
• KYC (PDF) of the company and the promoters and directors of the company.
• 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, Ministry of Corporate Affairs (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.
• Memorandum Of Association (MOA) and Articles Of Association (AOA) of the company. The MOA should authorise the company to be a partner in the LLP, and have the seal and signature of the authorised signatory or director.
• 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 UDIN number specified and income tax declaration (PDF) on the company letterhead with authorised signatory or director seal and signature.
• A copy of the certificate of incorporation with seal and signature of authorised signatory or director.
• Board resolution and Annexure-A (PDF) on the company letterhead.

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 for an LLP account, see What are the charges applicable to a Limited Liability Partner (LLP) account?