uTrade AlgosNo, it is not mandatory for all HUF family members to provide their KYC documents when opening an HUF account with Share India. The KYC process is required only for the Karta, who acts as the representative and decision-maker for the HUF. The Karta is responsible for submitting the account opening forms along with the necessary documents.
However, the situation changes in the event of Karta’s demise or transfer of account to any of the coparceners due to any reason. In such cases, one of the coparceners (family members entitled to a share in the HUF) may assume the role of the new Karta. When this happens, the new Karta will need to undergo the KYC process to update the HUF account. To initiate this process, the new Karta can contact Share India’s support team for guidance.
Here’s how to get in touch with Share India:
- Phone: Call our support team at 18002030303.
- Email: You can also email us at support@shareindia.com for assistance.
Our support team will guide you through the steps required to complete the KYC process and ensure that all necessary forms and documents are submitted correctly. Once ready, send the hard copies of these documents to Share India’s corporate office at:
A-15, Sector 64, Noida,
Distt. Gautam Buddha Nagar,
Uttar Pradesh-201301.