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            Home > New Account Opening > Foreign National Corporate Demat account > ...

            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: 
            • Certificate of incorporation 
            • The latest month's transaction copy of the 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:  
            • Personalised cancelled cheque with the company name printed on it.  
            • A bank statement or bank passbook copy with the bank account number, MICR, and IFSC code clearly visible (Bank account statement with last 3 months' transactions).  
            Account opening annexures
            • Board resolution on the company letterhead ( PDF).  
            • List of Directors PDF
            • Authorised signatory list with specimen signature & sign across Photograph (PDF)
            • Latest shareholding pattern PDF
            • If Share holding is less than 10% -No additional documents will be required of such share holders.
            • If shareholding is 10% or More than 10% -For Individual- Individual KYC will be required & for Non individual PAN & Shareholding Pattern will be required.
            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
            • 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 include: CA's name, CA company name, member registration number (M.NO), UDIN, date, and city. 
            • The balance sheet must 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
            Required for the following candidates:  
            • Two whole-time directors
            •  Authorised signatory.
            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:
            • 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 documents should be self-attested, and in-person verified with originals by staff or registered AP. 
            • In the case of NRIs/foreign nationals, considering the infeasibility of carrying out in-person verification, photocopies of the KYC documents should be attested by any of the following entities: 
            • Notary public 
            • Any court, magistrate, or judge 
            • Local banker 
            • Indian Embassy/ Consulate General of the country where the 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 along with the original documents.  
            • Ensure all documents are properly signed and stamped by the authorized signatory. 
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