You can open a Zerodha demat account as a foreign corporate entity holding shares in unlisted Indian companies through foreign direct investment (FDI) by submitting the following documents to Zerodha. For any assistance, create a ticket or email [email protected]. Zerodha will respond within 48 hours.
Documents required
You need to submit the following documents:
Forms and declarations:
- KYC & Demat Application form-
- FATCA declaration (PDF) - must be signed by the authorised signatory with company seal affixed
- Annexure A (PDF) - to be filled by all whole-time directors and authorised signatories
- Duly filled annexures and Board resolution on company letterhead (PDF) - must be signed by the authorised signatory with company seal affixed
Company incorporation documents:
- PAN card copy of the company - must be notarised/apostilled and signed by the authorised signatory with the company seal affixed
- Certificate of Incorporation - must be notarised/apostilled and signed by the authorised signatory with the company seal affixed
- Memorandum of Association (MOA) and Articles of Association (AOA) - first 4 pages must be notarised/apostilled and signed by the authorised signatory with company seal affixed. You can provide an alternate operating document (such as Bylaws) if the MOA & AOA are not available
Company address proof:
The address proof must be notarised/apostilled and signed by the authorised signatory with the company seal affixed
- Utility bills (must be from the last 2 months, counted from the date of receipt of hard copies)
- Bank statement (must be from the last 2 months, counted from the date of receipt of hard copies)
- Banker letter attested by the bank (on the bank's letterhead)
- Rental agreement, lease, or sale deed
- Certificate of incorporation
Directors' identity proof:
- PAN card copy of each whole-time director and authorised signatory - individual PANs must be self-attested. Foreign directors can provide a self-attested copy of their passports as valid identity proof
- Individual KYC form of all directors - each authorised signatory or director must sign an individual KYC form without the stamp on the individual KYCs and supporting documents. Foreign national directors can avoid this requirement
Directors' address proof (any one):
- Driving licence
- Foreign passport
- Resident permit card
- Bank statement (must be from the last 2 months, counted from the date of receipt of hard copies)
- Banker letter attested by the bank (on the bank's letterhead)
- Rental agreement
Financial documents:
- Balance sheet copy of the company for the last two financial years - must be submitted every year with the seal and signature of the authorised signatory on all pages. If you are a new company, provide a net worth certificate
- Latest month's bank statement of the foreign bank account - must be signed by the authorised signatories with the company seal affixed
Corporate structure documents:
- List of directors (PDF)
- Latest shareholding pattern (PDF)
- Ultimate Beneficial Owner (UBO) (PDF) annexure and documents - if an individual is a shareholder with more than 10% of the shareholding, capital, or profits, the individual must identify as an ultimate beneficial owner and submit an annexure. If any company holds more than 10% of the shareholding, identify a UBO from that company and share the annexure. The UBO additionally needs to provide their identity and address proof documents
Zerodha has partnered with Rupeeflo to assist with attesting or notarising documents.
Notarisation requirements
You must notarise or apostille the following documents:
- PAN copy of the entity
- Address proof copy of the entity
- Certificate of Incorporation copy
- MOA & AOA (or alternate operating document such as Bylaws)
If the original of any document is not produced for verification, the copies must be properly attested by authorised officials of overseas branches of scheduled commercial banks registered in India, a local banker, a notary public, a court magistrate, a judge, or the Indian Embassy/Consulate General in the country where you reside.
Alternative notarisation options:
- Online through Rupeeflo
- The subsidiary company in India can have its holding company's documents notarised by an Indian Notary Public.
Company stamp requirements
You must sign all documents by the authorised signatory and affix a company stamp (round stamp which clearly mentions the company's name as per PAN).
If your entity does not have a stamp or it is not a common practice to use a stamp in the country where your entity is incorporated, you must submit a No Stamp Declaration (PDF) signed by the authorised signatory.
Submitting documents
Follow these steps to submit your documents:
- Email the soft copies to [email protected]. Zerodha will review them and send you a confirmation email once the forms are verified.
- After receiving the confirmation email, courier the physical documents to:
Zerodha Customer Support Centre
192A 4th Floor,
Kalyani Vista, 3rd Main Road,
JP Nagar 4th Phase,
Bengaluru, 560076
Your account will be opened within 4 working days after Zerodha receives your documents.