Is a separate demat account required for an HUF trading account?

No, a separate demat account is not required for an HUF trading account. The process of opening both the trading and demat accounts is integrated, which means that by opening a Demat account with Share India, a trading account will automatically be set up for you as well (once you express your willingness to trade during the process). There’s no need to go through any additional steps or processes for opening a separate Demat account. The Demat account will be directly linked to Share India’s trading account, enabling you to trade securities seamlessly through the platform.

Here’s a brief overview of the process involved in opening an HUF account:

Submit the following application forms, documents, and declarations to the Share India corporate office.

Application Forms

• Demat Account Opening Form (PDF)
• KYC Application Form: This form needs to be filled by the Karta of the HUF. (PDF)

Supporting Documents

• Duly attested copy of PAN Card (for the HUF).
• Proof of Address (any of the following, not older than 3 months):
  1. Certificate of Incorporation/Formation, Registration Certificate, or other document.
  2. Latest Telephone Bill (Landline only).
  3. Latest Electricity Bill.
  4. Latest Bank Account Statement.
  5. Registered Lease/Sale Agreement of Office Premises.
• Duly attested copy of PAN Card (for the Karta).
• Proof of Address (Karta) UID card, Passport, Driving Licence, Voter ID card.
• Cheque of ₹1150 and a Cancelled Cheque.

Please ensure that all documents are clearly filled and signed to avoid any delays.

HUF Declaration Form

In addition to the HUF deed, you will also need to fill out and submit the HUF declaration form, which can be downloaded here. 

This form requires:

• Name and signature of the Karta
• Name and signature of adult coparceners
• Name and date of birth of minor coparceners (if applicable) 

The seal of the HUF must also be affixed to the declaration form to confirm its authenticity.

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, which typically takes 3-5 business days. 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.

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.