What are the necessary documents needed to open a Corporate Account with 5paisa?

What are the necessary documents needed to open a Corporate Account with 5paisa?

To open a Corporate Account with 5paisa, you need to prepare and submit the following documents:

 

Supporting Documents

  • PAN Copy of the Company should have the seal and signature of the authorised signatory or director.

  • It should have the seal and signature of the authorised signatory or director. Certificate of incorporation, the latest month's bank statement, utility bill, Ministry of Corporate Affairs (MCA) copy, or lease/rent agreement.

  • Self-Attested PAN Copies for all authorised signatories or directors.

  • Self-Attested Individual Address Proof is required for all authorised signatories or directors.

  • Copy of the Certificate of Incorporation should have the seal and signature of the authorized signatory or director.

  • Memorandum of Association (MOA) and Articles of Association (AOA). The first four pages should have the seal and signature of the authorized signatory or director. If director details are missing, submit additional FORM-32 or DIR-12 copies.

  • Copy of the Balance Sheet from the last two financial years. It should have the seal and signature of the authorized signatory or director. Attested by a Chartered Accountant (CA) with CA’s details (name, company name, member registration number, UDIN, date, and city). Must be submitted every financial year after the account is opened.

  • A Net-Worth Certificate from a Chartered Accountant is on the company letterhead for newly incorporated companies. It should have the seal and signature of the authorised signatory or director.

  • A personalised and cancelled cheque with the company name, bank statement, or bank passbook copy with the account number, MICR, and IFSC code.

  • Board Resolution on the company letterhead. (Format available in the AOF form, Pg 25).

  • List of Directors on the company letterhead.

  • Latest Shareholding Pattern on the company letterhead.

Ultimate Beneficial Owner (UBO)


  • For individuals, a copy of the UBO Annexure should be attached with the signature of the individual holding 25% or more (Format available in AOF form, Pg 26). Self-attested copies of PAN and Address Proof for individuals holding 25% or more shareholding, capital, or profits are also required.

  • For Non-Individuals, a Copy of the UBO Annexure with the signature of the whole-time director or individual promoters holding 25% or more (Format available in AOF form, Pg 26) Copy of PAN and Address Proof. Self-attested, of the whole-time director or individual promoters, holding 25% or more. On the company letterhead of the entity holding 25% or more, with the signature of the whole-time director or individual promoters.

FATCA Declaration


  • Foreign Account Tax Compliance Act (FATCA) declaration.

 

For Activating the F&O and Commodity Segment

Any one of the following income proofs is required:
  1. The latest six months' bank statement or passport for the company account.
  1. Latest Audited Profit and Loss Statement for the previous year.
  1. Income Tax Return (ITR) Acknowledgement for the latest year.
  1. Net-Worth Certificate from a Chartered Accountant with a specified UDIN number.
  1. DP Holding Statement of the entity.

Submission Process


  • Send soft copies of the forms to accountopening@5paisa.com for review.
  • Corrections, if required, will be communicated.
  • After the review process, courier all documents to:

 

     5paisa Capital Ltd.

     Sun Infotech Park,

     Road No.16V, Plot No. B-23

     Thane Industrial Area, Wagle Estate,

     Thane - 400604.

Ensure all documents are properly sealed and signed by the authorized signatory or director as specified.


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