uTrade AlgosOpening a corporate trading account with Share India is a simple and straightforward process. By ensuring you have the correct documentation and meeting regulatory requirements, you can easily verify your corporate entity and begin your trading journey.
Here’s how you can get started with Share India as a corporate entity:
Step 1: Prepare Necessary Documentation
To initiate the account opening process, make sure you are ready with the following documents:
- Certificate of Incorporation: Issued by the Registrar of Companies, this document confirms the legal existence of your company.
- Memorandum and Articles of Association (MOA & AOA): These documents define the company’s objectives, operational scope, and governance structure.
- Board Resolution: A certified true copy of the resolution passed by the board, authorising the opening of the trading account and specifying the individuals permitted to operate it.
- Company PAN Card: A valid Permanent Account Number (PAN) issued by the Income Tax Department.
- Company Address Proof: Documents such as utility bills, bank statements, or lease agreements verifying the registered office address.
- Authorised Signatories’/Directors’ Documents: Includes PAN cards, Aadhaar cards, passport-sized photographs, and address proofs of the individuals authorised to manage the account.
- FATCA Declaration: A mandatory declaration under the Foreign Account Tax Compliance Act.
- Balance Sheet: The latest two years’ audited balance sheet, attested by a Chartered Accountant (CA) with details such as the CA’s name, firm name, member registration number (M.NO), UDIN, date, and city. After opening the account, the balance sheet must be submitted annually.
- Net Worth Certificate: This certificate is required for a company that is newly incorporated. This certificate must be issued by a CA, include a UDIN, and be accompanied by an income tax declaration on company letterhead, signed and sealed by an authorised signatory or director.
- Bank Account Proof: Any one of the following: a personalised canceled cheque with the company name printed, a recent bank statement, or a copy of the bank passbook.
Step 2: Submission and Verification
Once all the required documents are ready, submit them to Share India’s team for processing. The team will carefully review your documents. If any additional information or clarification is required, they will reach out to you for further details.
To submit your documents or seek assistance, you can contact Share India’s team through:
- Phone: Call our offline support team at 18002030303
- Email: You can also email them at support@shareindia.com for assistance.
Our dedicated team is always here to guide your account opening process, ensuring a seamless experience.
Step 3: Complete the Know Your Customer (KYC) Process
To ensure regulatory compliance and a smooth trading experience, Share India requires all corporate clients to complete the KYC process. This step verifies the identity and address of the corporate entity, along with its authorised signatories and directors.
The KYC process involves:
- Submitting the required documents listed earlier.
- Providing any additional details if requested by Share India.
This step is mandatory and helps maintain transparency and security in your trading account. Once the verification is complete, you’ll move closer to activating your corporate trading account!
Step 4: In-Person Verification (IPV)
To ensure the authenticity of your corporate entity, Share India may conduct an In-Person Verification (IPV). A representative might visit your registered office or another mutually convenient location to verify the details provided. This step helps confirm the legitimacy of your company and its authorised signatories.
Step 5. Understanding Brokerage Charges and Fees:
Familiarize yourself with Share India’s brokerage charges, annual maintenance fees, and any other applicable costs. Understanding the fee structure will help in managing trading expenses effectively.
Step 5: Account Activation
Upon successful verification, Share India will proceed to open the corporate trading account. You will receive the account details, including login credentials and information on how to access the trading platforms. It’s advisable to change initial passwords and set up security measures to safeguard the account.
Step 6: Compliance and Regulatory Adherence
To keep your account running smoothly, ensure ongoing compliance with regulatory requirements, such as:
- Submitting financial statements on time.
- Following trading norms and guidelines.
- Updating Share India about any changes in the company’s structure or authorised signatories.
By following these steps and maintaining transparent communication with Share India, you can establish and operate a corporate trading account effectively, enabling your company to participate in various trading activities.
For further assistance, feel free to reach out to Share India’s support team:
- Phone: Call us at 18002030303 for quick support.
- Email: Drop us a message at support@shareindia.com.
Our team is here to help you through every step of your corporate trading journey!