How can I open a corporate account with Firstock?

Corporate accounts must be opened offline. Regardless of the KYC status of the company or its directors, all KYC documents are required when opening the account.

Required Documents

Account Opening Forms

• Non-Individual Application Form
• FATCA
• Declaration for Ultimate Beneficial Owner (UBO)
• KYC & CKYC Individual
• DDPI

Company Annexures

To be printed on company letterhead; format provided by Firstock

• Board Resolution
• List of Directors
• Latest Shareholding Pattern
• List of Authorised Signatories

 PAN Copies

• Company’s PAN Card - Stamped with company seal and authorised signatory’s signature
• All Directors/Signatories(s)

Photographs

• Two passport-size photos for each director.

Address Proof

For the Company:

Any one of the following, has to be stamped with company seal and authorised signatory’s signature.

• Certificate of Incorporation
• Bank Statement
• Utility Bill
• MCA Copy
• Lease/Rent Agreement

For All Directors/Signatories:

• Aadhaar card (Self-attested)

Certificate of Incorporation

• Copy signed and stamped with the company seal

Memorandum & Articles of Association

• The first four pages and the last page, signed and stamped

Financial Documents Required for F&O Trading

Submit any one of the following:

• Last two years’ Income Tax Returns (ITR) and Balance Sheets
• Networth certificate if company is newly registered 

Bank Account Proof

Submit any one of the following:

• Cancelled cheque or passbook front page or statement with complete account number and IFSC code of the Firm’s bank account.

Additional Documents for NRI Directors

• PAN Copy – Self-attested & notarised
• Address Proof – Self-attested & notarised Indian & overseas address proof
• Passport & Visa:
  • Indian Passport Holders: Self-attested & notarised passport + visa page
  • Foreign Passport Holders: PIO/OCI card or Resident Card
• FATCA Declaration – Signed
• FEMA – Signed

 In-Person Verification (IPV)

• As per SEBI regulations, In-Person Verification (IPV) is mandatory. It can be completed via a video call using WhatsApp, BOTIM, or Google Meet, or by visiting the Firstock office in person.

 Important Notes

• One-Person Companies (OPCs) are not eligible to open trading accounts
• Nominees cannot be added to non-individual accounts, as per CDSL guidelines

For queries or support, please reach out to Firstock Support or visit Firstock’s website.

FAQs