Comment on Account Opening Process - Corporate,Partnership Firm, & HUF

Somnath Mukherjee commented on 29 Jul 2019, 02:38 PM

Hey Siddhartha,

A new Demat Account will be opened which will be linked to your Partnership account. You would have the choice of opening this new Demat account in either as a single holder under your name, or as a Joint account with your Partner’s name.

The Demat account opened with respect to a Partnership account, is opened & linked to the PAN of the Partnership firm & not towards the individual Partners. So, you may open multiple accounts with more Partnership firms (where you are a Partner), which would be opened as a new Demat Account linked to the Partnership Firm’s PAN.

Your individual trading & demat account will in no way be linked to the Demat Accounts of the Partnership firm.

Hope this clarifies your query. Do let us know if there’s anything else.

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