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
- Duly filled account opening form (Trading/Demat/Commodity) with a signed photograph of the managing partner
- Attested LLP Agreement (with Investment Clause mentioned)
PAN Cards:
- PAN of the LLP firm
- PAN of each partner (attested individually)
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
Address Proofs:
- Of the LLP firm
- Of each partner (attested)
- Aadhaar of the Authorized Person, as per the Authority Letter
- Authority Letter in favor of the Managing Partner – Annexure 1A (for Equity)
- List of Authorized Signatories with photo and signature on firm letterhead – Annexure I
- Certificate of Registration (for registered LLPs only, with Investment Clause mentioned)
- Latest Shareholding Pattern
- FATCA Declaration
- 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.
Related Articles
How to open a FYERS account offline?
FYERS has transitioned to a fully digital, Aadhaar-based account opening process. As a result, all new accounts must be opened online. However, if our support team has explicitly advised you to apply offline due to exceptional circumstances, here's ...
Can NRIs open an account with FYERS?
Yes, Non-Resident Indians (NRIs) can open a trading and Demat account with FYERS through a guided onboarding process that complies with SEBI and FEMA regulations. FYERS currently supports NRO Non-PIS accounts, allowing NRIs to invest in the Indian ...
Can I open a basic services demat account (BSDA) with FYERS?
Glad you're exploring account options! A Basic Services Demat Account (BSDA) is a simplified Demat account introduced by SEBI to encourage small investors to participate in the stock market with minimal costs. What is a BSDA? BSDA accounts are ...
Can NRIs open an account with FYERS using NRO account?
NRIs can open a trading account with FYERS by linking their NRO (Non-Resident Ordinary) bank account. This account setup enables regulatory-compliant access to Indian stock markets. Steps to open an NRI account using your NRO bank account Fill out ...
Can a minor open a trading and Demat account with FYERS?
Minors are not allowed to operate trading accounts independently. However, guardians can open a Demat account in the name of a minor and manage it on their behalf. This setup is governed by SEBI regulations and is limited to certain investment ...