What documents are required to change a director, partner or authorised person in a corporate, partnership or LLP account?

What documents are required to change a director, partner or authorised person in a corporate, partnership or LLP account?

To update the details of a director, partner, or authorised signatory in a corporate, partnership, or LLP account, the following documents are required:

 

Corporate

  • Account modification form (PDF)
  • Non-individual KYC form (PDF) with the new director's or authorised signatory's seal and signature
  • Annexure A (PDF) on the company letterhead with the director's or authorised signatory's seal and signature
  • Form 32 or DIR 12 of the new director
  • Individual KYC form (PDF), PAN, and address proof signed by the new director or authorised signatory
  • Additional PAN and address proof copy with seal and signature of the new director or authorised signatory
  • A copy of the balance sheet of the latest two financial years with the seal and signature of the director or authorised signatory
  • A copy of the Ultimate Beneficial Owner (UBO) annexure (PDF) with signature on the 3rd page if applicable
  • A copy of the Minutes of the Meeting for appointing a new director or authorised signatory
  • List of directors (PDF) on the company letterhead with the director's or authorised signatory's seal and signature
  • Latest shareholding pattern (PDF) on the company letterhead with the whole-time director or individual promoters' signature and seal
  • Board resolution (PDF) on the company letterhead with the director's or authorised signatory's seal and signature
  • Ministry of Corporate Affairs (MCA) copy with the director's or authorised signatory's seal and signature

 

Partnership



  • Account modification form (PDF)
  • Non-individual KYC form (PDF) with the new partner's seal and signature or authorised signatory's signature
  • Annexure A (PDF) on the firm letterhead with the partner's seal and signature or authorised signatory's signature
  • Supplementary partnership deed with the partner’s or the authorised signatory’s seal and signature
  • Individual KYC form (PDF), PAN, and address proof signed by the new partner or authorised signatory
  • Additional PAN and address proof copy with seal and signature of the new partner or authorised signatory
  • A copy of the balance sheet of the latest two financial years with the partner's seal and signature or the authorised signatory's signature
  • A copy of the Ultimate Beneficial Owner (UBO) annexure (PDF) with signature on the 3rd page if applicable
  • Board resolution (PDF) on the firm letterhead with the partner’s or authorised signatory's seal and signature
  • Authority letter (PDF) on the firm letterhead with the partner’s or authorised signatory's seal and signature
  • Account closure form (PDF) to close the existing demat account

 

LLP



  • Account modification form (PDF)
  • Non-individual KYC form (PDF) with the new partner’s or authorised signatory's seal and signature
  • Annexure A (PDF) on the LLP letterhead with the new partner's seal and signature or authorised signatory's signature
  • Supplementary LLP agreement with the new partner's seal and signature or authorised signatory's signature
  • Individual KYC form (PDF), PAN, and address proof signed by the new partner or authorised signatory
  • Additional PAN and address proof copy with seal and signature of the new partner or authorised signatory
  • A copy of the balance sheet of the latest two financial years with the new partner's seal and signature or the authorised signatory's signature
  • A copy of the Ultimate Beneficial Owner (UBO) annexure (PDF) with signature on the 3rd page if applicable
  • Board resolution (PDF) on the LLP letterhead with the partner’s or authorised signatory's seal and signature
  • Ministry of Corporate Affairs (MCA) copy with the new partner's seal and signature or authorised signatory's signature

 

To start, email all the forms to accountopening@5paisa.com once they're ready. They'll check if any corrections are needed. After that, send the documents by courier to:

 

5paisa Capital Ltd.

Sun Infotech Park,

Road No.16V, Plot No. B-23

Thane Industrial Area, Wagle Estate,

Thane - 400604.

Remember: Make any updates and pay modification charges if needed, within a specified time frame.

Once 5 Paisa teams receive and check the forms, they'll update the new director, partner, or authorised signatory within 48 working hours. There's a charge of ₹25 plus 18% GST for making changes to the account.