Corporate Demat Account Opening Form
Corporate Demat Account Opening Form
I. Corporate:
a) Copy of the balance sheets for the last 2 financial years (to be submitted
every year).
b) Copy of latest share holding pattern including list of all those holding
control, either directly or indirectly, in the company in terms of SEBI takeover
Regulations, duly certified by the company secretary/Whole time director/MD
(to be submitted every year).
c) Photograph, POI, POA, PAN and DIN numbers of whole time directors/two
directors in charge of day to day operations.
MI ID : P0750
KVB Towers, Demat Cell, 2nd floor, 568, Anna Salai, Teynampet, Chennai- 600018
Ph: 044-28352228/ 9080610424. DP ID- IN303382
Classification | INTERNAL
C. OTHER DETAILS
D. DECLARATION
I/We hereby declare that the details furnished above are true and correct to the best of my/our knowledge and belief and I/we
undertake to inform you of any changes therein, immediately. In case any of the above information is found to be false or untrue or
misleading or misrepresenting, I am/we are aware that I/we may be held liable for it.
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Details of Promoters/ Partners/ Karta / Trustees and whole time directors forming a part of Know Your Client (KYC)
Application Form for Non-Individuals
DIN of whole
Relationship
time directors
with Applicant Residential /
Sr. /Aadhaar
Name (i.e. promoters, PAN Registered Photograph
No. number of
whole time Address
Promoters/Par
directors etc.)
tners/Karta
Annexure – K DP ID - IN303382
PART II – ACCOUNT OPENING FORM
(FOR NON-INDIVIDUALS)
We request you to open a depository account in our name as per the following
details: (Please fill all the details in CAPITAL LETTERS only) Date D D M M Y Y Y Y
Sole/ First
Holder
Second Holder
Third Holder
B) Type of account
Body Corporate FI FII
Qualified Foreign Investor Mutual Fund Trust
Bank CM Other (Please specify)
C) For HUF, Partnership Firm, Unregistered Trust, Association of Persons (AOP) etc., although the account is opened in the name
of the karta, partner(s), trustee(es) etc., the name & PAN of the HUF, Partnership Firm, Unregistered Trust, Association of
Persons (AOP) etc., should be mentioned below:
a) Name b) PAN
and As on (date) D D M M Y Y Y Y
` 20 – 50 Lac
(Networth should not be older than 1 year)
` 50 Lac – 1 crore
Above ` 1 crore
E) In case of FIIs/Others (as may be applicable)
RBI Approval Reference Number
1 Bank account type Savings Account Current Account Others (Please specify)
4 Branch Address
City/town/
PIN Code
village
State Country
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5 MICR Code
6 IFSC
G) Please tick, if applicable, for any of your authorized Politically Exposed Person (PEP)
signatories/Promoters/Partners/Karta/Trustees/whole time
Related to a Politically Exposed Person (PEP)
directors:
H) Clearing Member Details (to be filled up by Clearing Members only)
1 Name of Stock Exchange
2 Name of Clearing Corporation/ Clearing House
3 Clearing Member ID
4 SEBI Registration Number
5 Trade Name
6 CM-BP-ID (to be filled up by Participant)
I) Standing Instructions
1 We authorise you to receive credits automatically into our account. Yes
No
2 Account to be operated through Power of Attorney (PoA) Yes
No
2 Second Holder
3 Third Holder
5 BSDA YES NO
Declaration
The rules and regulations of the Depository and Depository Participants pertaining to an account which are in force now have been
read by us and we have understood the same and we agree to abide by and to be bound by the rules as are in force from time to time
for such accounts. We hereby declare that the details furnished above are true and correct to the best of our knowledge and belief and
we undertake to inform you of any changes therein, immediately. In case any of the above information is found to be false or untrue or
misleading or misrepresenting, we are aware that we may be held liable for it. I/we acknowledge the receipt of copy of the document,
“Rights and Obligations of the Beneficial Owner and Depository Participant”.
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First Signatory X
Second Signatory X
Third Signatory X
Other Holders
Second Holder X
Third Holder X
Mode of Operation for Sole/First Holder (In case of joint holdings, all the holders must sign)
Jointly by
As per resolution
Notes:
1. In case of additional signatures, separate annexures should be attached to the application form.
2. Thumb impressions and signatures other than English or Hindi or any of the other language not contained in the 8th Schedule of
the Constitution of India must be attested by a Magistrate or a Notary Public or a Special Executive Magistrate.
3. For receiving Statement of Account in electronic form:
I. Client must ensure the confidentiality of the password of the email account.
II. Client must promptly inform the Participant if the email address has changed.
III. Client may opt to terminate this facility by giving 10 days prior notice. Similarly, Participant may also terminate this
facility by giving 10 days prior notice.
4. Strike off whichever is not applicable.
= = = = = = = = = = = = = = = = = = = = = = = = = = == = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = =
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I/We hereby authorise you to debit my/our Savings/ Current Bank Account No.
with THE KARUR VYSYA BANK LTD for all the charges relating to this Depository Account.
Please treat this authorisation as irrevocable till further instruction from my/our side is received in writing and duly acknowledged by
KARUR VYSYA BANK, DEMAT CELL, CHENNAI.
Acknowledgement
Date : D D M M Y Y Y Y
13 Client Modification Charges Adress/Bank Account change/ Nominee 16 Hold on securities for Non Disposal Nil
updation Rs. 25 Undertakings/Agreements(NDU)
14 Delivery Instruction Book ISSUANCE Rs 25 from request onwards
15 Consolidated Account Statement Actual charges as levied by NSDL
13 Client Modification Charges Adress/Bank Account change/ Nominee 16 Hold on securities for Non Disposal Nil
updation Rs. 25 Undertakings/Agreements(NDU)
14 Delivery Instruction Book ISSUANCE Rs 25 from request onwards
15 Consolidated Account Statement Actual charges as levied by NSDL
Business Address
PART A
Place of Incorporation:
Country of Incorporation
Country that issued the Identification Document
Country in which the Entity is Taxable
Whether any controlling person / beneficial owner is
a tax resident outside India? (If yes, specify country)
PART B
If in any of the fields under “PART A”, the ‘Country’ mentioned is other than ‘INDIA’, then either fill the details
in Part-B (i) below OR sign the self-declaration in Part-B(ii)
Part B (i)
S.No Country of Tax Tax Payer Identification Issuing Country of Specify whether column (3) is TIN
Residency # Number (TIN) / TIN / Functional / Functional Equivalent
Functional Equivalent Equivalent (5)
(1) (2) (3) (4)
# to include all countries other than India, where the entity has a point of presence.
Controlling persons / beneficial owners of the entity are mandatorily required to fill out FATCA / CRS
declaration form meant for individuals.
*Constitution :-Sole proprietorship, Partnership, Private Ltd, Public Ltd, Trust, Society, Association etc..
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Part B (ii) (If Part B is applicable but Part B(i) has not been filled in, kindly provide information below)
I / We confirm that the entity is not a US entity or an entity in located in any country other than India for Tax
purpose, though one or more parameters suggest the entities’ relation with the country outside India. No
controlling person / beneficial owner of the entity are resident outside India. Therefore, I/we am/are providing the
following document as proof of its incorporation in India.
Document Type
Declaration:
1. I / We hereby certify that I / we have declared the status of the entity as per the rules applicable under section 285BA of the
Income Tax Act, 1961 as notified by Central Board of Direct Taxes(CBDT) vide notification No.S.O.2155(E)dated 7 th August
2015 and RBI Circular No. RBI/2015-16/165.DBR.AML.BC.No.36/14.01.001/2015-16 dated 28th August 2015 in this regard.
2. I / We understand that the Bank is relying on this information for the purpose of determining the status of the applicant
named above in compliance with FATCA/CRS. I / We shall seek advice from a professional tax advisor for clarification on my
/our tax residency and its implication under FATCA / CRS.
3. I / We understand and acknowledge that as per the provisions of Income Tax Act, Rules made thereunder and guidelines
issued by the RBI in the matter, depending upon the residential status and / or other criteria stipulated therein, the Bank may
have to report the details in respect of my / our account(s) as per the prescribed format to the Central Board of Direct Taxes
(CBDT) or other Government Agencies to comply with the obligations as per the Inter-Governmental Agreements(IGA) and
common Reporting Standards (CRS) and or any other similar arrangements.
4. I / We certify that the information provided by me/us above as applicable to me /us and signed by me /us, as well as the
documentary evidence provided by me /us, is to the best of my/our knowledge and belief, true, correct and complete and
that I / we have not withheld any material information that may affect the assessment / categorization of my / our account as
a U.S Reportable Account or other Reportable Account or otherwise. In case any of the above information is found to be false
or untrue or misleading or misinterpreting, I am/ we are aware that I /we may be held liable for it.
5. I / We undertake the responsibility to declare and disclose within 30 days from the date of change, any changes that may take
place in the information provided above, as well as in the documentary evidence provided by me /us or if any certification
becomes incorrect and to provide fresh and valid self-declaration along with documentary evidence.
6. I / We agree to make good any loss that may be caused to Karur Vysya Bank Limited on account of providing incorrect or
incomplete information by me / us.
Acknowledgement
Karur Vysya Bank hereby confirms that the Bank has received FATCA / CRS declaration from Messrs.
on
TO BE ISSUED TO APPLICANT
Rights and Obligations of Beneficial Owner and Depository Participant as
prescribed by SEBI and Depositories
General Clause
1. The Beneficial Owner and the Depository participant (DP) shall be bound by the provisions
of the Depositories Act, 1996, SEBI (Depositories and Participants) Regulat ions, 1996 ,
Rules and Regulations of Securit ies and Exchange Board of India
(SEBI),Circulars/Notifications/Guidelines issued there under, Bye Laws and Business
Rules/Operating Instructions issued by the Depositories and relevant notifications of
Government Authorities as may be in force fromtime to time.
2. The DP shall open/activate demat account of a beneficial owner in the depository system
only after receipt of complete Account opening form, KYC and supporting documents as
specified by SEBI fromtime to time.
Beneficial Ownerinformation
3. The DP shall maintain all the details of the beneficial owner(s) as mentioned in the
account opening form, supporting documents submitted by them and/or any other
information pertaining to the beneficial owner confidentially and shall not disclose the
same to any person except as required by any statutory, legal or regulatory authority in this
regard.
4. The Beneficial Owner shall immediately notify the DP in writing, if there is any change in
details provided in the account opening form as submitted to the DP at the time of opening
the demat account or furnished to the DP fromtime to time.
Fees/Charges/Tariff
5. The Beneficial Owner shall pay such charges to the DP for the purpose of holding and
transfer of securities in dematerialized form and for availing depository services as may be
agreed to from time to time between the DP and the Beneficial Owner as set out in the Tariff
Sheet provided by the DP. It may be informed to the Beneficial Owner that "no charges are
payable for opening of demat accounts”
6. In case of Basic Services Demat Accounts, the DP shall adhere to the charge structure as laid
down under the relevant SEBI and /or Depository circulars / directions / notifications
issued fromtime to time.
7. The DP shall not increase any charges/tariff agreed upon unless it has given a notice in
writing of not less than thirty days to the Beneficial Owner regarding the same.
Dematerialization
8. The Beneficial Owner shall have the right to get the securities, which have been admitted
on the Depositories, dematerialized in the form and manner laid down under the Bye Laws,
Business Rules and Operating Instructions of the depositories.
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Separate Accounts
9. The DP shall open separate accounts in the name of each of the beneficial owners and
securities of each beneficial owner shall be segregated and shall not be mixed up with
the securities of other beneficial owners and/or DP's own securities held in
dematerialized form.
10. The DP shall not facilitate the Beneficial Owner to create or permit any pledge and /or
hypothecation or any other interest or encumbrance over all or any of such securities
submitted for dematerialization and/or held in demat account except in the form and
manner prescribed in the Depositories Act, 1996, SEBI (Depositories and Participants)
Regulations, 1996 and Bye-Laws/Operating Instructions/Business Rules of the
Depositories.
Transferof Securities
11. The DP shall effect transfer to and from the demat accounts of the Beneficial Owner only
on the basis of an order, instruction, direction or mandate duly authorized by the
Beneficial Owner and the DP shall maintain the original documents and the audit trail of
such authorizations.
12. The Beneficial Owner reserves the right to give standing instructions with regard to the
crediting of securities in his demat account and the DP shall act according to such
instructions.
Statement of account
13. The DP shall provide statements of accounts to the beneficial owner in such form and
manner and at such time as agreed with the Beneficial Owner and as specified by
SEBI/depository in this regard.
14. However, if there is no transaction in the demat account, or if the balance has become Nil
during the year, the DP shall send one physical statement of holding annually to such Bos
and shall resume sending the transaction statement as and when there is a transaction in
the account.
15. The DP may provide the services of issuing the statement of demat accounts in an
electronic mode if the Beneficial Owner so desires. The DP will furnish to the Beneficial
Owner the statement of demat accounts under its digital signature, as governed under the
Information Technology Act, 2000. However if the DP does not have the facility of
providing the statement of demat account in the electronic mode, then the Participant
shall be obliged to forward the statement of demat accounts in physical form.
16. In case of Basic Services Demat Accounts, the DP shall send the transaction statements
as mandated by SEBI and/or Depository fromtime to time.
17. The DP shall have the right to close the demat account of the Beneficial Owner, for
any reasons whatsoever, provided the DP has given a notice in writing of not less than
thirty days to the Beneficial Owner as well as to the Depository. Similarly, the Beneficial
Owner shall have the right to close his/her demat account held with the DP provided no
charges are payable by him/her to the DP. In such an event, the Beneficial Owner shall
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specify whether the balances in their demat account should be transferred to another
demat account of the Beneficial Owner held with another DP or to rematerialize the
security balances held.
18. Based on the instructions of the Beneficial Owner, the DP shall initiate the procedure
for transferring such security balances or rematerialize such security balances within a
period of thirty days as per procedure specified from time to time by the depository.
Provided further, closure of demat account shall not affect the rights, liabilities and
bligations of either the Beneficial Owner or the DP and shall continue to bind the parties
to their satisfactory completion.
19. In event of Beneficial Owner committing a default in the payment of any amount
provided in Clause 5 & 6 within a period of thirty days from the date of demand, without
prejudice to the right of the DP to close the demat account of the Beneficial Owner, the
DP may charge interest at a rate as specified by the Depository from time to time for the
period of such default.
20. In case the Beneficial Owner has failed to make the payment of any of the amounts a s
provided in Clause 5&6 specified above, the DP after giving two days notice to the
Beneficial Owner shall have the right to stop processing of instructions of the
Beneficial Owner till suchtime he makes the payment along with interest, if any.
1. Without prejudice to the provisions of any other law for the time being in force,
any loss caused to the beneficial owner due to the negligence of the depository or
the participant, the depository shall indemnify such beneficial owner.
2. Where the loss due to the negligence of the participant under Clause (1) above, is
indemnified by the depository, the depository shall have the right to recover the
same from such participant.
23. The DP or the Depository shall have the right to freeze/defreeze the accounts of the
Beneficial Owners on receipt of instructions received from any regulator or court or
anystatutory authority.
Redressal of Investorgrievance
24. The DP shall redress all grievances of the Beneficial Owner against the DP within a
period ofthirtydays from the date of receipt of the complaint.
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Authorized representative
25. If the Beneficial Owner is a body corporate or a legal entity, it shall, along with the
account opening form, furnish to the DP, a list of officials authorized by it, who shall
represent and interact on its behalf with the Participant. Any change in such list including
additions, deletions or alterations thereto shall be forthwith communicated to the
Participant.
26. In addition to the specific rights set out in this document, the DP and the Beneficial
owner shall be entitled to exercise any other rights which the DP or the Beneficial
Owner may have under the Rules, Bye Laws and Regulations of the respective
Depository in which the demat account is opened and circulars/notices issued there
under or Rules and Regulations of SEBI.
27. The provisions of this document shall always be subject to Government notification,
any rules, regulations, guidelines and circulars/ notices issued by SEBI and Rules,
Regulations and Bye-laws of the relevant Depository, where the Beneficial Owner
maintains his/ her account, that may be in force from time to time.
28. The Beneficial Owner and the DP shall abide by the arbitration and conciliation
procedure prescribed under the Bye-laws of the depository and that such procedure
shall be applicable to anydisputes between the DP and the Beneficial Owner.
29. Words and expressions which are used in this document but which are not defined
herein shall unless the context otherwise requires, have the same meanings as assigned
thereto in the Rules, Bye-laws and Regulations and circulars/notices issued there under
bythe depository and /or SEBI
30. Any changes in the rights and obligations which are specified by SEBI / Depositories
shall also be brought to the notice of the clients at once.
31. If the rights and obligations of the parties hereto are altered by virtue of change in
Rules and regulations of SEBI or Bye-laws, Rules and Regulations of the relevant
Depository, where the Beneficial Owner maintains his/her account, such changes shall
be deemed to have been incorporated herein in modification of the rights and obligations
of the parties mentioned in this document.
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