Open a 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.

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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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:

Physical certificates are protected against hazards such as forgery, damage, and loss (due to fire, theft, or mutilation).
Enables quicker transactions (buy/sell/transfer) and greater trade efficiency.
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.