Can multiple HUF accounts be opened under the same Karta?

No, multiple HUF accounts cannot be opened under the same Karta. This is because each HUF is assigned a unique PAN number, which serves as its distinct identity for financial transactions. As per regulations, the Karta can use this PAN number to open only one trading account in the name of the HUF.

However, the Karta is allowed to open personal trading accounts separately for individual transactions, distinct from those of the HUF. This ensures a clear separation between family and personal financial activities, maintaining compliance with legal and regulatory guidelines.

If you want to open an HUF account with Share India, click here to get a list of forms and supporting documents you need to submit to conveniently open an HUF account. Once these are ready, send hard copies of these to the corporate office of Share India at:

A-15, Sector 64, Noida,

Distt. Gautam Buddha Nagar,

Uttar Pradesh-201301.

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.