Comment on Various Types of Accounts

SG commented on 13 Apr 2016, 07:54 PM

Hi,

I want to open a few more accounts and let my employees use them to do intraday trading. I believe i cannot open more than one account in my name with the same PAN. I don’t think opening accounts in each employee name, transferring my funds to their accounts, maintaining books, legalities, etc is efficient and feasible for me.

Is there any corporate account or trader account (sub ID, etc) which can be subscribed in my name or my companies name?

How do trading firm or investment bank employees trade on behalf of their employers. I want to do intraday as a trading business.

Thanks for your reply.

SG

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