What is the procedure to open a Geojit trading and demat account for a Company?
To open a Company account, the following documents must be submitted at a branch along with a filled and signed account opening form. Use our branch locator to find a Geojit office near you.
A. Company Documents:
| Sl No. | Documents | Requirements |
|---|---|---|
| 1. | PAN | * Company seal with designation (of the authorised signatory) * Signature of the authorised signatory (or signatories) |
| 2. | Address Proof | * Company seal with designation (of the authorised signatory) * Signature of the authorised signatory (or signatories) * Accepted proofs: i. Registered lease/ Sale agreement of residence. ii. Utility bills (not older than 2 months) - telephone bill (landline)/electricity bill/gas bill iii. Bank account statement/Passbook (not older than 2 months) iv. Certificate of Incorporation/Formation v. GST Certificate vi. Latest ITR * As per AML rule , if registered address & business address is different, need to update both address in our records with valid proofs |
| 3. | Bank Account Proof | * Company seal with designation (of the authorised signatory) * Signature of the authorised signatory (or signatories) |
| 4. | Financial Statements of the last 2 financial years | Required documents: * Independent Audit Report * Profit & Loss Statement with notes to accounts * Balance Sheet with notes to accounts In case it is not available for 2 years: A. Newly incorporated companies (less than 1 year) must submit: i. Letter from the Company mentioning reason for non-submission ii. CA certified Net-worth Certificate B. 1 year+ old companies must submit: i. The previous year's financial statements ii. Letter from the Company mentioning reason for non-submission * The first and last page of Independent Audit Report to have the Company seal with designation (of the authorised signatory) and be signed by the authorised signatory (or signatories) * All pages of the P&L Statement and Balance Sheet to have the Company seal with designation (of the authorized signatory) and be signed by the authorized signatory (or signatories) * P&L Statement and Balance Sheet to have the Company seal with designation (of the authorized signatory) and be signed by the authorized signatory (or signatories) * Must be submitted annually |
| 5. | Memorandum of Association (MoA) and Articles of Association (AoA) copy | * To include a clause stating that the Company can engage in activities of trading and investing * First and last page of MoA & AoA to have the company seal with designation (of the authorised signatory) and signature of the authorised signatory |
| 6. | Certificate of Incorporation copy | * Company seal with designation (of the authorised signatory) * Signature of the authorised signatory (or signatories) |
| 7. | List of Directors | * Dated, on the letterhead of the firm * Company seal with designation (of the authorized signatory) * Signature of the MD/Whole Time Director/Company Secretary/Director * Must be submitted annually |
| 8. | List of Authorized Signatories | * With specimen signatures of the authorized signatories * Dated, on the letterhead of the Company * Company seal with designation (of the authorized signatory) * Documents/proofs to be signed based on the number of authorized signatories: i. Jointly - All signatories must sign the required documents ii. Severally—any one signatory can sign the required documents |
| 9. | List of persons holding Senior management position | * Must be submitted annually * Dated, on the letterhead of the firm This refers to persons who are members of a Company’s core management team (please leave out the Board of Directors). A list providing the names of The CEO/MD/Manager , The next level below the CEO/MD/Manager, The Company secretary, The Chief Financial Officer * Certified by the MD/Whole Time Director/Company Secretary/Director |
| 10. | Latest Shareholding Pattern | * Not required for listed companies * Unlisted companies must provide the entire shareholding list * Must include all those holding control either directly or indirectly in terms of SEBI's Takeover Regulations * Must be submitted annually * Dated, on the letterhead of the firm * Company seal with designation (of the authorized signatory) * Certified by the MD/Whole Time Director/Company Secretary/Director |
| 11. | Trading Account Board Resolution | * Passed to authorize the member(s) who is to open and operate the trading account * Dated, on the letterhead of the Company * Certified by the MD/Whole Time Director/Company Secretary/Director |
| 12. | Demat Account Board Resolution | * Passed to authorize the Company to open and operate a demat account through Geojit with NSDL/CDSL * Dated, on the letterhead of the Company * Certified by the MD/Whole Time Director/Company Secretary/Director |
| 12. | Proof for Derivatives Trading and/or Commodity Categorization (if required) | * Company seal with designation (of the authorized signatory) * Signature of the authorised signatory (or signatories) * Accepted proofs: i. Latest Networth Certificate ii. Latest Financial Statements iii. Latest ITR (Income Tax Return) |
B. Directors/Promoters/Related Persons Documents:
If an individual is KYC registered, their CKYC number must be provided.
If an individual is not KYC registered, the CKYC form in the account opening booklet must be filled. There are forms for 3 individuals in the booklet. Additional forms can be printed.
| Sl No. | Documents |
|---|---|
| 1. | Two Whole Time Directors/ Directors in charge of day-to-day operations: i. Passport size photo (2) ii. PAN- Self Attested iii. Address Proof- Self Attested iv. DIN v. CKYC Form |
| 2. | Promoters holding control (directly or indirectly): i. Passport size photo (2) ii. PAN- Self Attested iii. Address Proof- Self Attested iv. CKYC Form |
| 3. | Related Persons (Authorised Signatory): i. Passport size photo (2) ii. Proof of Identity- Self Attested iii. Address Proof- Self Attested iv. CKYC Form |
Download the required forms:
Still need help? Create Ticket
