How can I open a Partnership account at Firstock?
Partnership accounts must be opened offline. Regardless of the KYC status of the company or its partners, 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 Partners
- Details of profit and loss sharing percentage
- List of Authorised Signatories
Photographs
- Two passport-size photos for each partner.
PAN Copies
- Company’s PAN Card - Stamped with company seal and authorised signatory’s signature
- All Partners/Signatories (Self-Attested)
Address Proof
For the Company:
Submit any one of the following stamped with the company seal and the authorised signatory’s signature
- Bank Statement
- Utility Bill
- MCA Copy
- Lease/Rent Agreement
For All Directors/Signatories:
- Aadhaar card (Self-Attested)
Certificate of Registration(If the partnership is registered)
- Copy signed and stamped with the company seal
Partnership Deed
- Copy signed and stamped with the company seal
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 the 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.
