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What are the documents required to open a corporate account with Flattrade?

PostedMay 15, 2023
UpdatedMay 15, 2023
ByManoj
  1. Board resolution to open and operate the account on the company letterhead.
  2. List of Directors, Directors’ Identification number, and latest shareholding pattern on the company letterhead.
  3. If the shareholding pattern of a member is more than 20% and not in the director list, then you have to submit their PAN card copy along with an Aadhar copy.
  4. The company’s PAN copy with seal and signature of the authorized signatory or Director.
  5. For address proof of company, you can submit a copy of the certificate of incorporation, bank statement, latest month’s transaction copy, utility bill, Ministry of Corporate Affairs (MCA) copy, or lease/rent agreement.
  6. PAN copies of all the authorised signatories or Directors with self-attestation.
  7. Individual address proof (Aadhaar, Passport, Driving License, Voter Id, etc.) of all the authorised signatories or Directors with self-attestation.
  8. For linking the trading account with the bank, the company must have any one of the following: canceled cheque with the company name printed on it, a bank statement, a bank passbook copy with the bank account number, MICR, and IFSC code clearly printed.
  9. For income proof, any one of the following documents is needed:
    1. Latest six months’ bank statement or passbook of the company account.
    2. Latest 2 years audited profit and loss statement.
    3. Latest year Income Tax Return (ITR).
  10. If a company is a newly formed entity and does not have any IT Return or any statement, a net-worth certificate from a chartered accountant with UDIN- number mentioned and income tax declaration on the company letterhead with an authorised signatory or director seal and signature must be submitted.
  11. The Memorandum of Association (MOA) and the Articles of Association (AOA) of the company, with authorised signatory or Director seal and signature on all the pages.
  12. All signature needs to be obtained with the company seal.
  13. Previous experience details of all Directors along with separate mobile numbers and email id.