Support Account Opening

What is the procedure to open a Partnership account?

As a Partnership firm, the partners of the firm are required to provide certain documents and undertakings to open an account with Zebu. The account can be opened under any one of the Partner's names or under the name of all the Partners. The required documents to be send are: 1. Duly filled Trading & DEMAT account opening form along with the photographs of the Authorized Signatories and signed across by the partners. 2. Duly filled Non-Individual Annexures required for a partnership firm. (with the authorized partner's signature and the firm's seal affixed on the authorized partner's signature). 3. A copy of the Partnership Deed duly signed by the partners also attested by a public notary. (Partnership Deed should allow the firm to Investment in the securities and commodities market in India). 4. The PAN card copy of the firm and of each individual Partner of the firm. 5. Address proof copy of the firm and of every Partner of the firm. 6. Proof of bank account (A copy of a canceled cheque leaf/ bank statement/ bank passbook). 7. Net worth certificate from a Chartered Accountant is required or Latest ITR Copy of last 2 Financial Year. 8. Income proof documents of the firm - which should include:             Bank statement/passbook dated back 6 months of the partnership bank account. Latest                 audited Profit and loss statement.             If it is a newly formed partnership firm, then a net worth certificate from a Chartered                 Accountant and an Income Tax Return declaration are required. If the return hasn't been                   filed, a declaration of Income Tax returns has to be submitted. 9. A Foreign Account Tax Compliance Act (FATCA) Declaration from the Firm and all the Partners of the firm. 10. A copy of the company registration certificate. 11. Declaration / Undertaking on the letterhead of the firm which allows the firm to open and operate a trading and DEMAT account with ZEBU. This needs to be attested by all the partners of the firm. 12. List of authorized signatories along with the specimen signature among the partners to sign the KYC and supporting documents on the letterhead of the firm. 13. Sharing pattern of the Firm on its letterhead. 14. Aadhaar of the Authorized Person as per the Letter of Authority on the letterhead of the firm [Not mandatory]. 15. Individual KYC form filled and signed by each partner (Partners have to sign without the stamp on individual KYC and supporting docs) Note: If any of the partners are a foreign national or an NRI, then the KYC forms have to be notarized by authorized officials of overseas branches of scheduled commercial banks registered in India, public notaries, court magistrate, judge, or the Indian embassy/consulate general in the country that they reside. 16. If an individual is having more than 15% of the profits of the applicant, the individual should identify as an ultimate beneficiary of the firm.