Company, Partnership, HUF, and LLP
Non-individual accounts refer to trading and demat accounts opened in the name of a business entity such as a Company, Partnership Firm, Hindu Undivided Family (HUF), or Limited Liability Partnership (LLP).
These entities can participate in the Indian capital markets but must meet additional compliance requirements as defined by SEBI, exchanges, and the Income Tax Department.
Opening a Non-Individual Account with Firstock
Non-individual accounts cannot be opened online. The process is entirely offline and involves submitting specific sets of forms and supporting documents based on the entity type.
Types of Non-Individual Accounts
- Company/Corporate Account (Private Limited)
- Partnership Firm
- Hindu Undivided Family (HUF)
- Limited Liability Partnership (LLP)
Submission Process
Once all forms and documents are prepared:
- Email soft copies to: support@firstock.in for preliminary review.
- Courier hard copies to Firstock Customer Support Centre:
Firstock, No 350, 36th A Cross, 7th Main Rd, 5th Block, Jayanagar, Bengaluru, Karnataka – 560041.
In-Person Verification (IPV)
IPV must be completed for all authorised signatories. This can be completed via webcam or a physical visit.