uTrade AlgosOpening a corporate trading account with Share India is a straightforward process. By ensuring you have the correct documentation ready and meet regulatory requirements, you can easily complete the verification process for your corporate entity and begin your trading journey with us.
Here is an important list of documents that you would be required to submit while opening a corporate trading account for your corporate entity:
- 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.
Additionally, you may be asked to submit additional documents if the Share India team requires any clarification during the account opening process. It’s recommended to have all the necessary documents listed and ready to ensure a smooth and compliant verification process.
Having these documents in place will not only speed up the process but will also ensure a seamless and efficient account-opening experience with Share India, making the entire procedure hassle-free for you.
If you need help or have any questions, feel free to contact our support team!
- Call: 1800 203 0303
- Email: support@shareindia.com