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Getting Started

How can I open an LLP account at Firstock?

LLP 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 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 (any one of the following):(stamped with company seal and authorised signatory’s signature)

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

For All Directors/Signatories:(Self-Attested )

  • Aadhaar card

Certificate of Incorporation

  • Copy signed and stamped with company seal

LLP Deed

  • Copy signed and stamped with 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 company is newly registered 

Bank Account Proof (any one of the following)

  • Cancelled cheque copy 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

 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.

Updating the authorized partner for an LLP account is an offline process. To initiate the request, kindly provide the following documents:
  • PAN card copy of the LLP.
  • Address proof of the LLP (Certificate of Incorporation, Telephone Bill, or Electricity Bill).
  • Certificate of Incorporation (COI)
  • LLP Deed
  • Bank proof of the LLP (cancelled cheque, passbook front page, or bank statement showing the complete account number and IFSC code).
Once we receive the above documents, we will prepare the application form and share it with you for completion. After the duly filled and signed documents are submitted and verified, the authorized partner details will be updated. Need help? Visit our Support portal or call us at 080 4670 2020.
Yes, an LLP can invest in shares and mutual funds as part of its investment activities. However, unless it is specifically registered and authorised to do so, an LLP cannot engage in non-banking financial activities or provide financial services to the public.
There is no minimum capital contribution required to form an LLP, unlike private limited companies, which traditionally required a minimum share capital of ₹1 lakh
No. The mobile number and email ID registered for an LLP trading and demat account must be different from those registered for an individual trading and demat account.
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