A: To download the form, click here
Account opening form

To open an LLP account with Samco, the required documents must be submitted physically to the following address:

302 – A, 3rd Floor, Naman Midtown – A Wing, Senapati Bapat Marg, Prabhadevi, Mumbai – 400 013, Maharashtra, India.

The required documents are:

1. Non-Individual Account Opening Form – 14 pages
2. LLP PAN Copy
3. Address Proof – Latest bank statement (not older than 3 months)
4. Bank Proof – Latest bank statement (not older than 3 months) or a canceled cheque
5. Income Proof – Latest 6-month bank statement
6. For Newly Incorporated LLPs: Net worth certificate from a CA with an official stamp, registration number, and signature
7. LLP Declaration – On the company’s letterhead
8. List of LLP Partners – On the company’s letterhead
9. List of Authorized Signatories – On the company’s letterhead
10. Certificate of Incorporation
11. Balance Sheet – For the last two financial years
12. LLP Agreement
13. KYC Documents of LLP Partners – PAN, address proof, and photograph
14. FATCA Declaration

These documents must be submitted physically to proceed with the account opening process.

Q: What are the requirements for opening a partnership account with Samco?

A: To download the form, click here
Account opening form

To open a Partnership account with Samco, the required documents must be submitted physically to the following address:

302 – A, 3rd Floor, Naman Midtown – A Wing, Senapati Bapat Marg, Prabhadevi, Mumbai – 400 013, Maharashtra, India.

1. Non-Individual Account Opening Form – 14 pages
2. Firm’s PAN Copy
3. Bank Proof – Latest 3-month bank transaction statement
4. Address Proof – Latest 3-month bank transaction statement
5. Income Proof – Latest 6-month bank statement
6. Partnership Declaration – Format available on Page 10 of the account opening form, to be provided on the firm’s letterhead
7. List of Partners – On the firm’s letterhead
8. List of Authorized Signatories – On the firm’s letterhead
9. Shareholding Pattern – On the firm’s letterhead
10. Balance Sheet – For the last two financial years
11. Certificate of Registration (if applicable)
12. Copy of Partnership Deed
13. KYC Documents of All Partners – PAN, address proof, and photographs of all partners
14. FATCA Declaration

These documents must be submitted physically to proceed with the account opening process.

Q: What are the requirements to open a Body Corporate account with Samco?

A: To download the form, click here
Account opening form

To open a Body Corporate account with Samco, the required documents must be submitted physically to the following address:

302 – A, 3rd Floor, Naman Midtown – A Wing, Senapati Bapat Marg, Prabhadevi, Mumbai – 400 013, Maharashtra, India.

1. Non-Individual Account Opening Form – 14 pages
2. Company PAN Card
3. Company Bank Proof – Latest 3-month bank statement or a canceled cheque
4. Company Address Proof – Latest 3-month bank statement
5. Company Income Proof – Latest 6-month bank statement
6. Financial Balance Sheet – For the last two financial years
7. For Newly Incorporated Companies: Net worth certificate from a CA with an official stamp, registration number, and signature
8. Board Resolution – On the original company letterhead
9. List of Directors – On the original company letterhead
10. List of Authorized Signatories – On the original company letterhead
11. Shareholding Pattern – On the original company letterhead
12. KYC Documents for All Directors – PAN, address proof, and photograph
13. Memorandum and Articles of Association (MOA & AOA)
14. Certificate of Incorporation
15. FATCA Declaration
16. KYC Page – For all members in the company

These documents must be submitted physically to proceed with the account opening process.

Q: What are the document requirements for opening an NRE/NRO account with Samco?

A: To download the form, Form 1 Form 2
Account opening form

To open an NRE/NRO account with Samco, the required documents must be submitted physically to the following address:

302 – A, 3rd Floor, Naman Midtown – A Wing, Senapati Bapat Marg, Prabhadevi, Mumbai – 400 013, Maharashtra, India.

1. Individual Account Opening Form
2. PAN Copy
3. Address Proof – Both Overseas and Indian address proof
4. Bank Proof – In the name of the NRI (Cancelled cheque or bank passbook)
5. Income Proof – Any of the following:
   • Bank statement
   • ITR or Form 16 (Part-A & Part-B) for the current financial year
   • Salary slip
   • Demat holding statement
6. Passport Copy – If the birthplace or nationality is other than India, a PIO (Person of Indian Origin) or OCI (Overseas Citizen of India) card is required
7. FEMA Declaration
8. FATCA Declaration
9. Visa Copy – With immigration stamp

These documents must be submitted physically to proceed with the account opening process.

Q: What are the document requirements for opening a HUF account with Samco?

A: To download the form, click here
Account opening form

To open a HUF (Hindu Undivided Family) account with Samco, the required documents must be submitted physically to the following address:

302 – A, 3rd Floor, Naman Midtown – A Wing, Senapati Bapat Marg, Prabhadevi, Mumbai – 400 013, Maharashtra, India.

1. Non-Individual Account Opening Form – 16 pages
2. HUF PAN Copy – With stamp and signature
3. HUF Bank Proof – Latest 3-month bank statement or canceled cheque
4. HUF Address Proof – Latest 3-month bank statement with stamp and signature
5. HUF Income Proof – Latest 6-month HUF bank statement or ITR
6. Karta’s PAN and Address Proof – Along with a photograph
7. Co-parcener’s PAN and Address Proof – Along with photographs
8. FATCA Declaration
9. HUF Declaration
10. HUF Deed

These documents must be submitted physically to proceed with the account opening process.

Q: What are the document requirements for opening a Minor account with Samco?

A: To download the form, click here
Account opening form

 To open a Minor account with Samco, the required documents must be submitted physically to the following address:

302 – A, 3rd Floor, Naman Midtown – A Wing, Senapati Bapat Marg, Prabhadevi, Mumbai – 400 013, Maharashtra, India.

1. Minor Account Opening Form
2. Minor’s PAN Copy – With stamp and signature
3. Minor’s Aadhaar Card – With stamp and signature
4. Minor’s Birth Certificate
5. Guardian’s PAN Copy
6. Guardian’s Address Proof
7. Bank Proof – Must mention “Under Guardian (UG)”
8. Nominee’s PAN Copy

These documents must be submitted physically to proceed with the account opening process.

Q: What are the document requirements for opening a Joint account with Samco?

A: To download the form, click here
Account opening form

To open a Joint account with Samco, the required documents must be submitted physically to the following address:

302 – A, 3rd Floor, Naman Midtown – A Wing, Senapati Bapat Marg, Prabhadevi, Mumbai – 400 013, Maharashtra, India.

1. Joint Holder Account Opening Form
2. First Holder’s PAN & Address Proof
3. Second Holder’s PAN & Address Proof
4. Bank Proof – If the account is joint, it should be in sequence, or the first holder’s bank proof should be provided
5. Nominee’s PAN Copy

These documents must be submitted physically to proceed with the account opening process.

The post Steps on How to Open a Physical Demat & trading Account with Samco Securities first appeared on Support | Samco.

IPV or In person verification as the name suggest is a process where a Depository Participant in personal verifies documents and other details as per the law by SEBI, It is Compulsory for every investor to go through the in-person verification (IPV) process before opening a Trading and a DEMAT Account. The reference SEBI Circular for In Person Verification is available on the SEBI Website.

What is the in person verification process or IPV process?

In SEBI made IPV compulsory process which makes it easier for brokers to actually verify the person holding the Trading and DEMAT account. The account holder has to submit certain documents to prove his identity like a Govt issued Identity card, Address proof etc to establish his identity. Traditionally IPV was done physically where an employee of your broker would physically visit and verify all your documents before opening an account. Latest technology facilitates this process remotely. SAMCO Securities does the IPV online or web-IPV using modern technology.

What happens during the In person verification process? How to do In person verification?

During the process the client has to produce original identity and address proof to validate his identity. this process can be totally done online using the latest technology. Skype, Appear.in are few tools on which the IPV can be completed. The client has to make sure he has all the original documents at his disposal. The Broker and client can mutually can schedule a Live IPV on any of the tools mentioned above.
Make sure you have a good internet connections before you start the IPV process, The broker may ask you few questions during the IPV process pertaining to your account opening application.

Who Can Carry Out In-Person Verification?

Your stock broker can carry out your IPV, If you are opening an account with SAMCO Securities any of the SAMCO Employees will carry out your IPV , verify all the documents in accordance with the KYC (know your customer) guidelines. The In person verification process is a mandatory KYC requirement by SEBI and the Exchanges BSE and NSE.

Following are the rules set by SEBI for IPV

• It is obligatory for each intermediary to conduct IPV of its clients.
• The intermediary or your stock broker is responsible for collecting and maintaining records of all important customer details on the KYC form, including name, designation, company, and signature.
• All other intermediaries have to count on the IPV performed by an intermediary who is approved by SEBI.
• Once a KRA record has been updated, all other intermediaries can access the details. This eliminates the need to conduct multiple verifications and duplication of data

The post What is IPV or In person Verification ? first appeared on Support | Samco.

Watch this Video to understand about Demat and Trading account

To open an account you need 4 types of documents –

• Proof of identity
• Proof of address
• Proof of income – Only required in case of trading in derivatives segments.
• Valid proof for a corresponding Bank account i.e. Proof of Bank Account

Let’s look at each document type and understand what documents are accepted as valid documents.

1. Proof Of Identity (POI) – List of documents admissible as Proof Of Identity

• Unique Identification Number (UID) (Aadhaar Card)/ Passport/ Voter ID card/ driving license.
• PAN Card
• Identity card with applicant’s photo issued by either the Central or State Government or any of its Departments, Statutory and/or Regulatory Authorities, Public Sector Undertakings, SCB’s i.e. Scheduled Commercial Banks, PFI’s i.e. Public Financial Institutions, Colleges affiliated to Universities and Recognised Professional Bodies such as Institute of Chartered Accountants i.e. ICAI, Institute of Cost Works Accountants – ICWAI, Institute of Company secretaries – ICSI, Bar Council etc to their Members. This is also acceptable as a proof of address as long as the Identity card also carries the address.

2. Proof of Permanent and Correspondence Address (POA) : – List of documents admissible as Proof of Address:

In case permanent and correspondence addresses are the same, only one proof may be submitted. In the case of different addresses, valid proofs will have to be submitted for both the addresses.

• Passport or Voters Identity Card or Ration Card or Rent Agreement or Registered Lease or Sale Agreement of Residence or a State issued Driving License or a Flat Maintenance bill and/or an Insurance Copy stating the address.
• Utility bills like land-line, Electricity bill or Gas bill. These should not more than 3 months old on the date of submission.
• Bank Account Statement or Bank Passbook which is Not more than 3 months old. This should be stamped and attested by the Bank.
• Proof of address issued by any of the following: Bank Managers of Scheduled Commercial Banks SCB’s or Scheduled Co-Operative Bank or Multinational Foreign Banks or Gazette Officer or Notary Public or Elected representatives to the Legislative Assembly (M.L.A.) or Parliament (M.P.) or Documents issued by any Government or Statutory Authority.
• The proof of address in the name of the spouse may be accepted.

3. Proof Of Income (POI) 

   • To Trade in FNO segment, one needs to submit Proof of Income. Some examples of proof of income include
     • Copy of ITR Acknowledgement submitted to the Income Tax Department
     • Copy of Annual Accounts audited by a chartered accountant or a Net Worth certificate certified by a CA.
     • Proof of Salary Income by submission of Salary Slip or a Copy of Form 16 Net worth certificate
     • DEMAT account holding statement with a depository participant.
     • Bank account statement for last 6 months demonstrating the income of the client
     • Any other relevant documents substantiating ownership of assets by way of a self-declaration with relevant supporting documents.

4. Valid proof for a corresponding Bank account i.e. Proof of Bank Account

   • A Cancelled Cheque (with your name above the sign here section) is required of the bank you wish to link with your trading account.
   • Bank statement of the respective bank.

• Exemptions/clarifications to PAN 

• • In case of transactions undertaken on behalf of Central Government and /or State Government and by officials appointed by Courts e.g. Official liquidator or a Court receiver/administrator etc
  • Residents of the state of Sikkim.
  • United Nations entities / multilateral agencies exempt from paying taxes / filing tax returns in India.
  • In case of institutional clients, namely, FIIs, Mutual Funds, Venture Capital Funds, FVCIs, SCB’s i.e. Scheduled Commercial Banks, Multilateral and Bilateral Development Financial Institutions, State Industrial Development Corporations, IRDA registered Insurance Companies and PFI’s i.e. Public Financial Institution as defined under section 4A of the Companies Act,1956, Custodians shall verify the PAN card details with the original PAN card and provide duly certified copies of such verified PAN details to the intermediary.

List of people authorized to attest the documents:

• Notary Public, Gazetted Officer, Manager of a Scheduled Commercial / Co-operative Bank or Multinational Foreign Banks (Name, Designation & Seal should be affixed on the copy).
• In case of NRIs, authorized officials of overseas branches of Scheduled Commercial Banks registered in India, Notary Public, Court Magistrate, Judge, Indian Embassy /Consulate General in the country where the client resides are permitted to attest the documents.

In case you don’t have a trading and demat account with India’s leading discount broker, Open a Free Trading and Demat Account today.

Important Links
Why Samco is the Best Demat Account in India?
Advantages of a Demat Account
Understanding a Demat Account statement
Do’s & Dont’s of a Demat Account
How to use a Demat Account?
Detailed Demat Account charges
—
Visit the Samco Knowledge Centre for more such useful articles
Learn StockMarkets for free on www.tradeflix.com

The post Full List of Documents Required to Open a Trading and Demat Account with Samco first appeared on Support | Samco.

Thanks to technology, opening an account is a breeze these days. It’ll only take you 5 to 10 minutes, and voila! Your trading account will be set up in just 24 to 48 hours. Samco leads the way in this, being the pioneer of account opening with our seamless digital process.

Open a free demat account with Samco Securities on our website using these simple steps :

1. Go to the Samco website https://www.samco.in/.

2. Enter your mobile number and verify it using the OTP received.

3. Enter your email ID and verify it using the OTP received.

4. Choose between scanning/uploading your PAN card or manually entering your PAN number and date of birth.

5. Fill in your name, mother’s name, income bracket, and occupation on the KYC Details page.

6. To add a nominee, click “Add Nominee” and provide their details: name, relationship, mobile number, email ID, document type, date of birth, and address.

7. There are 2 Process to Submit your Address Proof 

– Via Digilocker 

– Manual Process & fill your Address

8. Link your bank account by entering your account number and IFSC details.

9. Click “Proceed” to activate derivatives.

10. Now upload a selfie, signature & PAN for KYC verification. Click “Proceed” after uploading documents.

11. On the Aadhar e-sign page, click “Sign Application.”

12. You’ll be directed to NSDL e-gov, where you need to enter your Aadhar number and verify it with OTP.

13. Your Samco Account Opening Process will be completed and verified within 48 to 72 hours. 

Your Samco account is now successfully created.

In case you have any questions, feedback, or need support, you can contact us at +91 – 22 – 2222 7777 / +91-22-6169 900 or raise a ticket in our Support Help Desk.

Learn how to open demat account physically? Click here for additional information.

The post How to Open Trading & Demat Account With Samco Securities? first appeared on Support | Samco.