How to open a Foreign Corporate demat account with Arihant Capital?
To open a foreign corporate demat account, an entity must submit several documents to Arihant Capital in a physical form to comply with SEBI and RBI regulations. The table below shows all the necessary documents required to open a foreign corporate demat account:
Type of Documents | Requirements |
|---|---|
Customer Application form | Foreign corporate demat account opening form. Click here to download the PDF. |
Company PAN | A copy of the company’s PAN, sealed and signed by the authorized signatory |
Authorised signatories & directors PAN | Self-attested individual PAN copies of all the authorised signatories & directors (minimum 2 whole-time directors PAN will be required). |
Company Address proof | Address proof in the company's name with the seal and signature of the authorised signatory. The proof can be any of the following:
|
Authorised signatories & directors Address Proof -Passport | Self-attested individual address proof (Passport) of all the authorised signatories & directors. |
Company Bank account proof | A bank account proof of the company for linking with Arihant Capital. The proof can be any one of the following:
|
Account opening annexures |
|
Certificate of incorporation | A copy of the certificate of incorporation with seal and signature of authorised signatory. |
Memorandum of Association (MOA) | The MOA of the company, with the authorised signatory or director's seal and signature on the first 4 pages and on the last page. |
Articles of Association (AOA) | The AOA of the company, with the authorised signatory or director's seal and signature on the first 4 pages and on the last page. |
Balance sheet & P&L account statement |
|
Net-worth certificate | A net-worth certificate from a Chartered Accountant (CA) if the company is newly incorporated.
|
Individual KYC form | Required for the following candidates:
|
Ultimate Beneficial Owner (UBO) | This declaration is not needed for companies that are listed on any recognized stock exchange or is a subsidiary of such listed company or is controlled by such listed company (PDF). |
FATCA declaration | Foreign Account Tax Compliance Act (FATCA) declaration (PDF). |
TIN | Tax Identification Number (TIN) for countries can be found on Organisation for Economic Co-operation and Development (OECD). Common TINs:
|
FEMA declaration | Foreign Exchange Management Act (FEMA) declaration PDF |
In-Person Verification (IPV) | All documents should be self-attested, and in-person verified with originals by staff or registered AP.
|
Note:
- If any documents from the foreign company are not in English, they must be translated into English by a certified translator in the company's home country.
- The translated documents should then be notarized and apostilled consularized as required and submitted along with the original documents.
- Ensure all documents are properly signed and stamped by the authorized signatory.
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