Documents Required to Open a Partnership Firm Demat Account with RMoney

To open a trading and Demat account for a partnership firm with RMoney, the following documents and steps are required. Please ensure all documents are self-attested and carry the firm seal wherever specified.

 Application Forms

Ensure the following forms are filled and submitted:

• Equity Application Form:(PDF) Required to initiate equity trading.
• Demat Debit and Pledge Instruction (DDPI): (PDF) Optional form that authorizes RMoney to debit securities without requiring CDSL T-PIN & OTP during share sales.
• FATCA Declaration: (PDF) Compliance requirement under Foreign Account Tax Compliance Act.

Annexures on Firm Letterhead

These should be printed on the firm’s official letterhead:

• Authorized Signatory Letter
• List of Partners

 Supporting Documents

To verify the identity and structure of the partnership firm and its partners, submit:

• PAN copy of the firm (stamped and signed by authorized signatory or partner)
• Address proof of the firm (bank statement, utility bill, rent agreement, or registration certificate)
• Self-attested PAN & address proof of each partner or authorized signatory
• Individual KYC forms for all signatories (signed without firm stamp)
• Additional stamped PAN & address proof copies of authorized signatories
• Notarized copy of the partnership deed (first 3 pages or all pages if less)
• Certificate of registration (if the firm is registered)
• Latest 2 years’ balance sheets (CA-attested with UDIN, CA details, firm stamp)
• For newly formed firms: Net-worth certificate and ITR declaration on firm letterhead
• Bank account proof (personalised cancelled cheque, statement, or passbook showing account number, MICR, and IFSC code)

Income Proof for F&O & Commodities

To activate derivatives segments, provide one of the following:

• Last 6 months’ bank statement/passbook
• Latest audited Profit & Loss statement
• ITR acknowledgement for the latest year
• CA-issued net worth certificate with UDIN
• DP holding statement

 Additional Documents (for Foreign Nationals / NRIs)

If any partner is a foreign national or NRI, submit:

• Individual KYC form
• Notarised PAN, passport, visa, OCI/PIO card, and both Indian & foreign address proofs (notarised by Indian embassy, court magistrate, or public notary)

 Ultimate Beneficial Ownership (UBO) Compliance

If an individual or entity holds 15% or more in capital, profits, or shareholding:

• UBO Annexure (signed by the UBO and stamped by the authorized signatory)
• PAN & address proof of all such individuals/entities
• Latest Shareholding Pattern, signed by a promoter or director

If no UBO can be identified, the senior managing official must be declared as the UBO.

 If a Company is a Partner in the Firm

For KYC-Registered Companies:

• Board Resolution authorizing the signatory

For Non-KYC-Registered Companies:

• KYC form of company and directors/promoters
• Company’s PAN and address proof with seal and signature
• Self-attested PAN & address proof of directors (without stamp)
• Memorandum of Association (MOA) and Articles of Association (AOA) authorizing partnership participation
• CA-attested balance sheets (last two financial years with all CA details)
• For new companies: Net-worth certificate & ITR declaration
• Board Resolution, List of Directors, and Shareholding Pattern on company letterhead
• Certificate of incorporation

Note:

• All documents should be submitted in original or self-attested copies with appropriate seals where required.
• Account processing may take 3–5 working days post receipt of complete and valid documents.

Courier Address: RMoney Corporate Office, 26/257 B, Near Ashish Palace, SultanGanj, Agra – 282004

Ready to Get Started?

With the above documents in place, you’re all set to open your RMoney trading account as a partnership firm. If you need assistance at any step, our support team is just a call or email away.

Contact us
Phone: 0562-4266600 / 0562-7188900
Email: askus@rmoneyindia.com
Website: rmoneyindia.com

Kickstart your investment and trading journey effortlessly with RMoney.