If your Private Limited/Limited Company account with FYERS has become dormant, you must submit the required company and KYC documents to initiate the activation process. The documents are reviewed before the account can be activated.
Documents required to activate a dormant Corporate account
Keep soft copies of the following documents ready:
- Company PAN Card
- Latest Company Bank Statement
- Certificate of Incorporation (COI)
- Profit & Loss Statement and Balance Sheet for the last two years
For newly incorporated companies, submit a Net Worth Certificate issued in the company's name. The certificate must:
- Include the company's PAN and CIN.
- Be duly certified by a Chartered Accountant (CA).
- Include the relevant UDIN number.
- Memorandum of Association (MOA)
- Articles of Association (AOA)
- MCA Master Data
- PAN, Aadhaar Card, and UBO Declaration of all Directors and Promoters holding 10% or more.
- Company Annexures with the date stamped and CIN printed on the company's letterhead. The required format will be provided by FYERS.
- Mobile number, email ID, and mother's name of all Directors.
Important points for document submission
Important: All company annexures and documents must be signed by the Authorized Signatory appointed through the Board Resolution. If two Authorized Signatories have been appointed, both signatories must attest the documents.
Document submission and verification process
Once all the required details are filled in:
- Affix the required signatures and company seals as shown in the sample provided by FYERS.
- Scan the completed documents and email them to [email protected] for verification.
- After verification, courier the complete set of documents to FYERS' registered office for processing.
The scanned copies are verified before dispatch to ensure that the details are accurate and to help avoid processing delays.
Activation timeline
After FYERS receives the physical documents, the activation process generally takes approximately 3 to 5 working days, subject to successful verification.
What If...
| Scenario | Solution |
|---|
| The company is newly incorporated and does not have two years of financial statements. | Submit a Net Worth Certificate issued in the company's name. It must include the company's PAN and CIN, be duly certified by a Chartered Accountant, and include the relevant UDIN number. |
| The company has two Authorized Signatories. | Both Authorized Signatories must attest the required company documents. |
| A Director or Promoter holds 10% or more in the company. | Submit the PAN, Aadhaar Card, and UBO Declaration of the applicable Director or Promoter. |
| The physical documents have not yet been dispatched. | Scan the completed documents and email them to [email protected] for verification before dispatching the physical copies. |