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What are the documents required to open a corporate account?

A corporate account can only be opened offline, unlike regular 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 not registered, the following documents are required to open a corporate account:

Application form

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

If clients do not wish to submit the POA, CDSL T-PIN can be used for authorisation. To know more, see What is the CDSL TPIN and how do I use it to sell my stock holdings?

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 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 transaction copy of bank statement, utility bill, MCA copy, or lease or rent agreement.
  • Self-attested individual PAN copy of all the authorised signatory or director.
  • Self-attested individual address proof of all the authorised signatory or director.
  • 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 KYC’s 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. In case the director details are missing on the MOM and AOA additional FORM-32 or DIR-12 copy is to be submitted.
  • A copy of the balance sheet of the latest two financial years of the company with authorised signatory or director seal and signature. 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: Personalised cancelled cheque with the company name printed on it, bank statement, 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 UDIN number specified.
    • DP holding statement of the entity.

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)

If an individual has 25% or more of shareholding or capital or profits in the company, the individual should identify as an ultimate beneficiary and submit UBO annexure (PDF).

In case no individual is identified, the senior managing official may be considered as the UBO.

  • A copy of UBO annexure (PDF) with signature on the 3rd page of an individual holding 25% or more.
  • A self-attested copy of the PAN and address proof of those holding 25% or more.

If an entity has more than 25% 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 UBO annexure (PDF) with signature on the 3rd page of the whole time director or individual promoters of such an entity holding 25% 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 25% or more.
  • Latest shareholding pattern (PDF) (on the company letterhead) of such an entity holding 25% or more, with the signature of the whole-time director or individual promoters.

In person Verification (IPV)

As part of the mandatory IPV requirement for all brokers, physical verification is required for non-individual accounts. One of the directors or authorised signatory would need to visit a Zerodha branch office, or a representative of Zerodha would be required to visit the offices or residence of the client to complete the IPV procedure. See What is in person verification and why is it needed?

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

Application form

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

If clients do not wish to submit the POA, CDSL T-PIN can be used for authorisation. To know more, see What is the CDSL TPIN and how do I use it to sell my stock holdings?

FATCA Declaration

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

Supporting documents

  • A copy of the balance sheet of the latest two financial years of the company with authorised signatory or director seal and signature. 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 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: Personalised cancelled cheque with the company name printed on it, bank statement, 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 UDIN number specified.
    • DP holding statement of the entity.
  • Board resolution on the company letterhead (PDF) .
  • UBO Annexure A (PDF) .

Need help? Call our corporate desk on +91-080 4719 2020.

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.
  • ₹800 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

To know 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 ?