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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 body corporate demat account opening form PDF |
| Company PAN | A PAN copy of the company with the seal and signature of the authorised signatory. |
| Authorised signatories & directors PAN | Self-attested individual PAN copies of all the authorised signatories & directors (Minimun 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: certificate of incorporation, the latest month's transaction copy of bank statement, utility bill, cancelled cheque. |
| 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) - Constitution Document | The Memorandum of Association (MOA) of the company, with authorised signatory or director seal and signature on the first 4 pages. If the director details are missing, an additional FORM-32 or DIR-12 copy must be submitted. |
| Articles of Association (AOA) - Constitution Document | The Memorandum of Association (MOA) of the company, with authorised signatory or director seal and signature on the first 4 pages. If the director details are missing, an additional FORM-32 or DIR-12 copy must be submitted. |
| Balance sheet & P&L account statement | The latest two financial years' balance sheet copy & P&L account statement with the seal and signature of the authorised signatory . The balance sheet must be attested by a Chartered Accountant (CA) and have the CA's name, CA company name, member registration number (M.NO), UDIN, date and city. The balance sheet has to be submitted every financial year after the account is opened. |
| Net-worth certificate | A net-worth certificate from a Chartered Accountant (CA) if the company is newly incorporated. It must have the UDIN- number. |
| Individual KYC form | Individual KYC form required for the below 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. The common TINs are as follows: USA: SSN, EIN or ITIN , Canada: SIN, UK: UTR or NINO, Singapore: NRIC or FIN, Australia: TFN |
| FEMA declaration | Foreign Exchange Management Act (FEMA) declaration PDF |
| In-Person Verification (IPV) | All Document Should be Self Attested & In-Person & Verified with originals by Staff or Register AP & In the case of NRIs/foreign nationals, considering the infeasibility of carrying out ‘in-person’ verification, in such a situation photocopies of the KYC documents should be attested by any of the entities viz; Notary Public, any Court, Magistrate, Judge, Local Banker, Indian Embassy/ Consulate General of the country where NRI/FN is residing [outside India] to the effect that it has been verified with the originals. |
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 with the original documents.
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