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Nilesh Jaiswal
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Asked: 2021-09-24T04:43:18+05:30 In:

How to Open a Corporate Demat Account?

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What is the procedure and required documents to open a corporate demat account?

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    1. Best Answer
      Professional

      How to Open a Demat/ Trading Account with Banks?

      The process of enrollment with a bank for a Demat/trading account involves a procedure that is likely to be followed.

      • The investor must approach the bank that provides the facilities to open the account and put stocks/shares to trade.
      • Usually, an investor is advised to open a Demat/trading account with a single bank and at the time of admission to the bank, one must submit the following documents for validation.

      Required Documents for Opening Demat Account

      An investor must present the following documents to open a Demat Account with Banks

      • Permanent Address Proof
      • Aadhar Card
      • Identity proof, and
      • e-KYC. the annual salary in addition.

      When the bank generates a trading account it usually links the investor’s AADHAR number to this account.

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    2. The procedure is slightly different from lone broker to the other.

      The following are the documents required to open a Corporate Demat Account.

      • Company’s Registration Certificate with seal and signatures of the authorities
      • Company’s PAN Card with the signature and seal
      • Address proof of the company with seal and signature (Registration Certificate, Bank Account Statement, or Rental Agreement)
      • Self-attested PAN Card copies of the directors
      • Self-attested address proofs of the directors
      • Past 2 years balance sheets of the company
      • Bank Account proof (Cancelled Cheque)

      Contact your broker for guidelines and procedures.

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