Can an LLP (Limited Liability Partnership) open an account at FYERS?

Can an LLP (Limited Liability Partnership) open an account at FYERS?

Yes, FYERS supports account openings for LLP (Limited Liability Partnership) firms. Please note that this process is fully offline and requires thorough documentation. Once complete, our team will assist you in verifying and activating the account.

Required documents for opening an LLP account

  1. Duly filled account opening form (Trading/Demat/Commodity) with a signed photograph of the managing partner
  2. Attested LLP Agreement (with Investment Clause mentioned)
  3. PAN Cards:
    • PAN of the LLP firm
    • PAN of each partner (attested individually)
  4. Income Proof:
    • Proof of bank account (cancelled cheque, bank statement, passbook, or bank letter)
    • Balance sheet for the last 2 financial years (with signature and seal of authorized signatory)
    • Newly registered firms: submit Net Worth Certificate from a Chartered Accountant
  5. Address Proofs:
    • Of the LLP firm
    • Of each partner (attested)
  6. Aadhaar of the Authorized Person, as per the Authority Letter
  7. Authority Letter in favor of the Managing Partner – Annexure 1A (for Equity)
  8. List of Authorized Signatories with photo and signature on firm letterhead – Annexure I
  9. Certificate of Registration (for registered LLPs only, with Investment Clause mentioned)
  10. Latest Shareholding Pattern
  11. FATCA Declaration
  12. Annexure 4 (for Demat account setup)

Important Notes

Ensure all documents are fully attested and submitted together to avoid delays in the verification process.

Offline submission is mandatory for LLP account openings at FYERS. Reach out to our support team for assistance with forms and annexures.

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