Function Account Opening

Types of Accounts a. Beneficial Owners Account b. Clearing Member Account

Beneficial Owner Account

Individual, corporate, Karta of Hindu Undivided Family (HUF) as used in NSDL and/or HUF entity as in the case of CDSL, minor, bank, financial institution, registered (incorporated) trust, etc. or the broker himself for the purpose of his personal investments in demat form

Documentation
1. Non-body Corporate / Individuals Investors

a. Proof of Identity (POI)I. Passport II. Voter ID card III. Driving license IV. PAN card with photograph V. Identity card/document with applicant's photo, issued by a) Central/State Government and its Departments, b) Statutory/Regulatory Authorities, c) Public Sector Undertakings, d) Scheduled Commercial Banks, e) Public Financial Institutions, f) Colleges affiliated to Universities (this can be treated as valid only till the time the applicant is a student), g) Professional Bodies such as ICAI, ICWAI, ICSI, Bar Council etc., to their Members; an

(b) Proof of address (POA) I. Ration card II. Passport III. Voter ID card IV. Driving license V. Bank passbook / Bank Statement. In this regard, procedure is as follows,

VI. Electricity bills (not more than two months old), b) Telephone bills (not more than two months old), c) Leave and License Agreement / Agreement for sale. VII. Self-declaration by High Court & Supreme Court judges, giving the new address in respect of their own accounts. VIII. Identity card/document with address, issued by a) Central/State Government and its Departments, b) Statutory/Regulatory Authorities, c) Public Sector Undertakings, d) Scheduled Commercial Banks, e) Public Financial Institutions,

FOR CORPORATE BODIES

Memorandum & Articles of Association Board resolution authorizing opening of demat account and specifiying the names of the persons authorized by Board to operate
Names of authorized signatories, designation along-with their specimen signatures and photographs, duly verified by the Managing Director or Company Secretary. Proof of address of the corporate,

Common Information There are some common details which are required for any type of account opening with the DP which is stated below. o Name of the holder o Date of birth (for individual accounts) o Occupation and financial details o Address & phone/fax number o Bank details like name of bank, type of account (current/savings), account number, branch address, MICR, etc. o PAN number o Details of nomination (for individual accounts only) o Specimen signatures o E-mail address o Mobile number o Address for communication

Beneficial owner account

Can select the DP based on the investors convenience, comfort, service levels, safety, reputation, charges etc Have the flexibility to open more than one account with the same DP or any other DPs No requirement of minimum balance Can close an account anytime with one DP and open another one with any other DP.

Resident (Individual in case of CDSL) o Ordinary (Resident Individual in CDSL) o Hindu Undivided Family (HUF) 2. Financial Institutions (FI) o Government-sponsored FI o State Financial Corporation o Others

3. Foreign Institutional Investors (FIIs) o Mauritius-based o Others

4. Non-resident Indian (NRI) o Repatriable o Non-Repatriable 5. Body Corporate o Domestic Company o Government Company o Central Government o State Government o Co-operative Body

o Non-Banking Finance Companies (NBFC) o Non-NBFC o Broker o Foreign Bodies o Group Companies o Foreign Venture Capital o Limited Liability Partnership o Others
6. Clearing Member (CM) 46 7. Foreign National 8. Mutual Fund 9. Trust 10. Bank 11. Intermediary

Clearing Members
Clearing Members (CMs) are the members of the Clearing Houses/Clearing Corporations who facilitate settlement of trades done on stock exchanges. They could be a broker or custodian registered with SEBI as such is an important intermediary in the capital market and an essential link in the depository system. The various categories of CMs are: Trading Members Custodians Subsidiary companies formed by regional stock exchanges to facilitate their members to trade on BSE/NSE.

procedure
CC-CM-ID CM-BP-ID

Details to be filled in the form are: 1. Name of the Clearing Member 2. Company's short name, if any 3. Address of the registered office, telephone number, fax number, e-mail, if any 4. Name and address of the authorised signatories, their designations and telephone numbers, status code, sub-status code 5. Bank account particulars, bank name and its branch, current account number 6. RBI reference number, RBI approval date (Not required in CDSL) 7. PAN/ GIR number 8. Signatures of Authorised signatories)