uTrade AlgosYes, partners must complete the KYC process again for the LLP account, even if they already hold an individual account with Share India.
To open an LLP trading account, partners need to submit separate KYC documents. Below is the complete list of required forms and documents for LLP and their partners.
Application Forms Required
- Demat Account Opening Form: Download here
- KYC Application Form: KYC applications must be submitted separately for each designated partner along with supporting documents.
- KYC form for LLP: Download here
- KYC form for partners: Download here
Supporting Documents Required
- LLP Agreement
- Certificate of Incorporation
- PAN Card of the LLP
- KYC Documents of Designated Partners:
- Attested copy of each partner’s PAN Card or another valid proof of identity as per the KYC application form.
- Attested copy of Proof of Address (POA). One document each for correspondence and permanent address as per KYC application form.
- Board Resolution Authorising Trading: Download Specimen
- Bank Account Proof
Additional regulatory documents may be required as per compliance norms.
Submission of Forms and Documents
Once these forms and documents are ready, please courier them to the corporate office of Share India at:
A-15, Sector 64, Noida
Distt. Gautam Buddha Nagar
Uttar Pradesh-201301
Once we receive the courier, our team will verify the documents. To ensure the authenticity of your LLP and for compliance purposes, 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 LLP and its authorised partners.
In case everything is in your order, you will be intimated about your account activation. You will be given the account credentials to start trading. You will be able to trade separately from your individual account as a designated partner of the LLP.
If there is any discrepancy in your documents, our support team will get in touch with you to rectify the same and complete the process.
Need Assistance?
If you have any questions or need further support during the account opening process, don’t hesitate to contact Share India’s support team. You can reach us at 18002030303 or email us at support@shareindia.com. Our team is here to ensure you have a smooth and hassle-free experience in opening your LLP trading account.