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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 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 not registered, the following documents are required to open a corporate account:

Application form

Equity application form (PDF) and commodity application form (PDF).

Demat Debit and Pledge Instruction (DDPI) attached to the demat application form is a document that allows a broker to debit the securities from the client’s demat account and deliver them to the exchange. The client does not have to enter the CDSL T-PIN and OTP to sell shares once the DDPI is submitted. However, DDPI is optional. If clients do not wish to submit the DDPI, CDSL T-PIN can be used for authorisation. See What is Demat Debit and Pledge Instruction (DDPI)?

FATCA Declaration

Foreign Account Tax Compliance Act (FATCA) declaration (PDF).

Supporting documents

  • A PAN copy of the company with the seal and signature of the authorised signatory or director.
  • Address proof in the company's name with the 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.
  • Additional copy of PAN and address proof of the authorised signatories with company seal and signature.
  • Individual KYC form (PDF) signed by each whole-time or executive director. The director has to sign without the stamp on individual KYCs and supporting documents.
  • A copy of the certificate of incorporation with seal and signature of authorised signatory or director.
  • The Memorandum of Association (MOA) and the Articles of Association (AOA) of the company, with 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 MOA, 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 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 Zerodha. The proof can be any one of the following: A personalised cancelled cheque with the company name printed on it, a bank statement, a bank passbook copy with the bank account number, MICR, and IFSC code clearly visible.
  • Any one of the following income proof to activate the F&O and commodity segment:
    • Latest six months' bank statement or passbook of the company account.
    • Latest year audited profit and loss statement.
    • Latest year Income Tax Return (ITR) acknowledgement.
    • Net-worth certificate from the chartered accountant with the UDIN number specified.
    • DP holding statement of the entity.

Account opening annexures

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.
  • 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) , commodity form (PDF) , sample FATCA form (PDF) , UBO annexure (PDF) and sample annexures (PDF) for reference.

Refer to the signature guidelines (PDF) 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 the KYC of the company and the directors are registered, the following documents are required to open a corporate account:

Application form

Equity application form (PDF) and commodity application form (PDF).

Demat Debit and Pledge Instruction (DDPI) form (PDF) is a document that allows a broker to debit the securities from the client’s demat account and deliver them to the exchange. The client does not have to enter the CDSL T-PIN and OTP to sell shares once the DDPI is submitted. However, DDPI is optional. If clients do not wish to submit the DDPI, CDSL T-PIN can be used for authorisation. See What is Demat Debit and Pledge Instruction (DDPI)?

FATCA Declaration

Foreign Account Tax Compliance Act (FATCA) declaration (PDF).

Supporting documents

  • 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, a net-worth certificate from the chartered accountant with UDIN- number specified and income tax declaration (PDF) on the company letterhead with an authorised signatory or director seal and signature is to be submitted.
  • A bank account proof of the company for linking with Zerodha. The proof can be any one of the following: A personalised cancelled cheque with the company name printed on it, a bank statement, a bank passbook copy with the bank account number, MICR, and IFSC code clearly visible.
  • Any one of the following income proof to activate the F&O and commodity segment:
    • Latest six months' bank statement or passbook of the company account.
    • Latest year audited profit and loss statement.
    • Latest year Income Tax Return (ITR) acknowledgement.
    • Net-worth certificate from the chartered accountant with the UDIN number specified.
    • DP holding statement of the entity.
  • Board resolution on the company letterhead (PDF).
  • UBO Annexure A (PDF).

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 and Commodity 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 about the applicable charges, see What are the account opening, brokerage and other transactional charges applicable to a Corporate account at Zerodha?

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.