corporate demat and trading account

Open a Low Brokerage Corporate Demat Account

Brokerage is charged on a percentage basis for Intraday, Delivery and Futures while brokerage for Options is calculated based on a flat fee.

Corporate demat account benefits

 

7 reasons why corporations should open a corporate demat account:

  • Decrease the amount of paperwork associated with the ownership, trading, and transfer of securities.
  • Protects tangible certificates from counterfeiting, damage, and loss (due to fire, theft, or mutilation).
  • Allows for faster transactions (buy/sell/transfer) and greater trade efficiency.
  • Automatic credit of shares created following corporate mergers and acquisitions
  • Lower Transaction Costs in Demat Mode vs. Physical Mode
  • Removes challenges and problems linked with physical securities
  • Immediate credit of allotted bonus/rights to investor account

Open All-In-One Corporate Demat Account

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    A world of possibilities, at your fingertips!
    With SMIFS Demat account, get 10+ investing options to choose from

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      Fill the lead form to open free demat account & Trading account with SMIFS
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      Enter your Personal Details along with PAN and Bank Details As required
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      Authenticate your E-KYC Details Digitally.
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    Keep the Documents In Hand for your Free Corporate Demat Account Opening

    Documents required to open Corporate Demat Account

    Documents Required (All should be Stamped & Signed)
    KYC AND LEGAL ENTITY NON INDIVIDUAL KRA & NON INDIVIDUAL CKYC (LEGAL ENTITY)
    PAN CARD PHOTOCOPY OF PANCARD OF COMPANY[BOTH SIDE]  – ON A4 SIZE PAPER (1 COPY)
    BANK ACCOUNT PROOF PHOTOCOPY OF UPDATED BANK PASS BOOK & 6 MONTHS CURRENT BANK STATEMENT WITH BANK LOGO  –  ON A4 SIZE PAPER (1 COPY)
    BOARD RESOLUTION ON COMPANY LETTERHEAD  (1 COPY) (To be attested by Other Director of the Company /CS)
    CERTIFICATE OF INCORPORATION 1 COPY
    MEMORANDUM & ARTICLE 1 COPY
    FORM 32 / DIR-12 & CHALLAN 1 COPY
    FORM 18 & CHALLAN 1 COPY
    BALANCE SHEET LAST 2 YEARS (1 COPY)
    SPECIMEN SIGNATURE OF DIRECTORS/AUTHORIZED SIGNATORIES 1  COPY ON COMPANY LETTERHEAD ATTESTED BY BANK MANAGER / C.S.
    LATEST SHAREHOLDING PATTERN 1  COPY ON COMPANY LETTERHEAD (To be attested by WTD/MD/CA)
    INCOME TAX RETURN LAST 2 YEARS – 1 COPY
    LIST OF DIRECTORS 1  COPY ON COMPANY’S LETTERHEAD
    IDENTITY OF ULTIMATE BENEFICIAL OWNER DETAILS OF SHARE HOLDERS HOLDING  MORE THAN 25% SHARES WITH THEIR  PAN NO. AND ADDRESS  CERTIFIED BY C.A/ UBO
    FATCA CORPORATE
    GST GST Certificate /Declaration

     

    Details of all Directors (All Documents should be signed)

    PAN CARD OF DIRECTORS PHOTOCOPY OF PANCARD  – WITH SELF ATTESTATION ON A4 SIZE PAPER [ 1 COPY]
    ADDRESS PROOF OF DIRECTORS PHOTOCOPY OF BANK PASS BOOK / DRIVING LICENSE / PASSPORT / RATION CARD / VOTER IDENTITY CARD  – WITH SELF ATTESTATION ON A4 SIZE PAPER [NOT MORE THAN 2 MONTHS OLD – [1 COPY]
    PHOTOGRAPH OF EACH  DIRECTORS(SIGN ACROSS THE PHOTOGRAPH) PASSPORT SIZE – 2 COPIES
    FATCA ALL DIRECTORS/SIGNATORIES SEPARATE FOR EACH
    TO ADD/LINK OTHER DP CRYSTAL REPORT CML WITH BROKER SIGN AND STAMP REQUIRED OF THE DEMAT ACCOUNT WANT TO ADD ALONG WITH SMIFS MODIFICATION FORM WITH SIGN AND STAMP

     

    Additional documents required for Foreign Companies

    1. RBI Registration / Approval Certificate
    2. Photo Id, Address Proof, CKYC Form, Related Person Form and Individual FATCA Form of Foreign Directors / Authorized Signatories.
    **Please note: All supporting documents must be notarized from the Country of Registration by Local Notary Public / Local Magistrate / Foreign Bank / Local Judge / Branches of overseas banks with whom Indian banks have relationships.

    Aadhar Card, PAN Card, Bank Proof (Cancelled Cheque ), Signature image. Please make sure your PAN card is already linked with Aadhar card

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    Frequently Asked Questions ( FAQ’s)

    Can a company have a Demat account?

    Yes, a company can have a demat account. It is called a corporate demat account

    What are the benefits of a corporate Demat account?

    The following are the benefits of a corporate demat account:

    1. Physical certificates are protected against hazards such as forgery, damage, and loss (due to fire, theft, or mutilation).
    2. Enables quicker transactions (buy/sell/transfer) and greater trade efficiency.
    3. Automatic credit of shares created following company mergers and acquisitions.

    Can a Pvt Ltd company invest in the stock market?

    Yes, a private limited company in India can trade and invest in the stock of any public firm.

    What documents are required to open a corporate demat account?

    The following documents are required to open a corporate account with Smifs:

    • KYC and legal entity
    • Bank account
    • Board resolution on company letterhead
    • Certificate of incorporation
    • The balance sheet for the last 2 years
    • Specimen signature of directors/authorized
    • The latest shareholding pattern
    • income tax return for the last 2 years
    • list of directors
    • Identity of ultimate beneficial
    • FATCA corporate
    • GST certificate /declaration
    • Pan card of directors
    • Address proof of directors
    • Photographs of each director
    • FATCA (all directors/signatories separate for each)
    • To add/link other DP (crystal report CML with broker sign and stamp required of the demat account want to add along with SMIFS modification form with sign and stamp)

    Who is eligible for a corporate account?

    Any company/organization or entity, including sole proprietorships, partnerships, and limited liability companies, can create a corporate bank account.

    For the opening of a corporate bank account, a company’s board of directors must grant formal authorization through a corporate resolution.

    What is the difference between a corporate account and an individual account for trading?

    A corporate demat account is used by a firm to trade and invest in the stock market. A corporate demat account enables businesses to keep their securities in electronic form. This type of account is required for any business that wishes to trade and invest in the stock market.

    Individual demat accounts are ordinary Demat accounts that are registered with the individual’s PAN card. It consolidates all of an individual’s holdings in stocks, government securities, exchange-traded funds, and bonds.

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