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

Venu Madhav commented on 20 Jul 2015, 03:27 PM

1.As per rules, a DP cannot open a Demat account in the name of the Partnership Firm. The account will be opened in the name of a partner and all other partners have to accept and give an authorization to this effect.

2. I’m not sure if you’re asking this in context to account opening. If yes, then you’ll have to submit your Partnership deed and financials of your firm. We will need these documents to be attested by the partners of the firm confirming the validity of the document being provided. For the sake of account opening, we do not require it to be audited.

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