♦ Who is eligible to open a trading account?
The following categories are eligible to open a trading account with Beeline Broking Ltd.
- Individual
- Corporate
- Partnership Firm
- Trust
- HUF
- Unincorporated Association or A Body of Individuals
- Bank/Institutional Investors
- Foreign Institutional Investors
- Army/Government Bodies
- Registered Society
- Qualified Foreign Investor
♦ What is the procedure to open an account with Beeline Broking Ltd.?
Depending upon the categories , need to fill out the Account Opening Form and send to us or we will pick from your pre defined place.
Documents check list & form instruction are published on 2nd page of KYC Form.
To access the forms click here http://beelinebroking.com/kyc-form.html
♦ Which documents are required to open an Individual Account
- PAN Card (Permanent Account Number)
- Proof of Address: Any one of the following may be submitted
– Passport Copy
– Voter Id Card Copy
– Driving License Copy
– Bank Pass Book Copy
– Electricity Bill or Telephone Bill in the customer’s name (not more than two months old)
– Leave and License agreement/agreement for sale.
– Copy of Ration Card
– Identity Card/Document with Address, issued By Central/State Government and its departments
Statutory /Regulatory Authorities, Public Sector Undertakings, Scheduled Commercial Banks,
Public Financial Institutions, Colleges Affiliated to Universities, Professional Bodies Such As ICAI,
ICWAI, ICSI, Bar Council etc to their members
- Bank Proof : Any one of the following may be submitted
– Cancelled Cheque (Name of the holder should be printed on the cheque)
– Copy of bank statement or copy of bank passbook (In case of name not printed on cheque leaf)
♦ Which documents required to open a Non Individual Account (Demat Account could not be opened for partnership firm)
(i) PARTNERSHIP FIRM:
- Duly filled copies of Trading/Trading & Demat /Commodity Form with photograph of authorized signatory affixed and signed across
- Duly filled KYC Registration Form.
- Copy of the Partnership Deed duly attested by a Notary Public.
- PAN Card copy of the firm
- Proof of Address, Proof of Identity, PAN Card of all Partners (Attested by each individual Partner)
- Authority Letter in favour of Managing Partner
- List of all Partner’s Photos with signatures on letterhead of the Firm
- Copy of Balance Sheet of the Partnership Firm for the last 2 financial years* (To be submitted every year).
- Copy of Certificate of Registration (For Registered Partnership Firms only).
- Address Proof of the Firm
- Proof of Bank Account (Specimen copy of Cancelled Check Leaf/Bank Statement/Bank Passbook/Letter From Bank).
(ii) H.U.F ACCOUNT:
- Duly filled Trading/Trading & Demat/Commodity form with photograph of Karta affixed and signed and stamped across
- PAN Card copy of the HUF
- Bank Passbook/Bank Statement of HUF indicating its existence
- PAN Card copy & address proof of Karta
- Declaration to be given by Karta & all major Co-Parceners
- HUF declaration for Demat Account as well as trading account
(iii) COMPANY:
- Duly filled Trading/Trading & Demat/Commodity form with photograph of Managing Partner affixed and signed across as well as duly stamped
- Copy of Balance Sheet for the last 2 financial years (to be submitted every year)
- Copy of the 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
- Photographs/Proof of Identity/Proof of Address and DIN Number of Whole Time Directors
- Photographs/Proof of Identity/Proof of Address of individual promoters holding control – either directly or indirectly
- Copies of MoA and AoA
- Copy of Board Resolution for Investment in Securities/Commodity Market
- Authorized Signatory (ies) List with Specimen Signature
- PAN Card Copy of the company
- Address Proof of the company
- List of all Director’s Photographs Along with Specimen Signature
♦ Which documents are required to open an NRI Account ?
List of documents to be taken while registering NRI Clients :
- In case of Indian Passport – Valid Passport, Place of Birth as Indian
- Valid Visa – Work/Student/Employment/Resident Permit Etc.
- In Case of Foreign Passport :Valid Passport and any of The Following
- Place of Birth as India in Foreign Passport
- Copy of PIO / OCI Card as applicable in case of PIO/OCI
- PIS Permission Letter from the respective designated Bank
- PAN Card
- Overseas address driving license/ foreign passport /utility bills/ bank statement (not more than 2 months old)/ Notarized copy of Rent Agreement/ Leave & License Agreement/ Sale Deed.
- Photograph of Investor.
- Proof of Respective Bank Accounts & Depository Accounts
♦ Can a minor open an Account?
a) Demat account can be opened in the name of a minor child by the natural guardian (parents) or court-appointed guardians only.
b) The guardian needs to fulfill all requirements for documents and KYC norms to open the account in the name of the minor.
c) A minor cannot be a joint holder in a demat account. The demat account can be held only in the name of the minor.
d) Date of birth of the minor is mandatory requirement, with proof. The account becomes inoperative when the minor turns major.
e) On attaining major status, a new demat account needs to be opened after completing all documentation. The erstwhile holdings can then be transferred to the new
f). If shares are held jointly with a minor in paper form, they need to first be transferred to the minor and then to the demat account in the minor’s name.
g). Through the Minor’s Trading account only delivery of shares can be bought & sold.
♦ What is KRA ?
KRA or KYC Registration Agency is an agency registered with SEBI under the Securities and Exchange Board of India {KYC (Know Your Client) Registration Agency} Regulations, 2011. The KRA maintains KYC records of an investor centrally, on behalf of capital market intermediaries registered with SEBI.
♦ Why is KRA required?
KRA enables an investor to invest through various intermediaries (Stock Broker / Mutual Fund AMC ), after undergoing the KYC process only once through an intermediary (Stock Broker / Mutual Fund AMC). This helps in avoiding duplication of KYC process and inconvenience to investors and eliminates the need to submit KYC documents each time an investor opens an account with another intermediary. Further, any subsequent changes in demographic details of an investor across various intermediaries can be updated by simply updating the record maintained with the KRA. KRA process results in uniformity of data of investors maintained across intermediaries, which would enhance compliance standards.
♦ What Is The Procedure To Modify Details In My Broking Account ?
To Modify Your Details Pertaining To Your Broking Account Such As Your Address, Contact Details, Etc. You Can Fill Out The Account Modification Form Available At Our Website www.beelinebroking.com And Send It To Our Operations Office. You Could Also Send In Your Queries Related To Account Modification To Demat@Beelinebroking.Com
♦ Is It Mandatory For The Client To Self Attest The Photocopies Of The Documents Provided?
Yes. It Is Mandatory For Clients To Self Attest All The Photocopies Of The Document.
11. How Many Bank Accounts I Can Add In My Account
You Can Add Atleast Three Bank Accounts In Your Trading Account But There Can Be Only One Bank Account In Your Demat Account, You Can Change The Bank Or Bank Account Number.
♦ Is Pancard Compulsory To Open An Account?
Yes, Pancard Is Compulsory To Open An Account As Per Sebi Regulations
♦ What is In Person verification ( IPV) ?
It is mandatory for every investor to undergo the in-person verification (IPV) process before you actually open a trading account or invest in new mutual funds. It not only satisfies the criteria set by the Securities and Exchange Board of India (SEBI), but also helps brokers collect all essential details about their client.
♦ Is IPV Compulsory To Open An Acoount?
Yes,IPV (In Person Verification) Is Compulsory To Open An Acoount
♦ Who Can Perform The IPV?
IPV Can Perform By Any Employee,RM,AP Or Sub Broker Of Beeline Broking Ltd.
♦ Is Aadhar Card Accepted As A Proof Of Address?
Yes, As Per Master Circular No. CIR/MRD/DP/13/2013 Dated April 15, 2013 Of SEBI Adhar Card Is Valid As A Proof Of Address.
♦ Is It Mandatory For The Client To Self Attest The Photocopies Of The Documents Provided?
Yes. It Is Mandatory For Clients To Self Attest All The Photocopies Of The Document.
♦ Is Mobile Number Mandatory For Account Opening?
Yes, Mobile Number Of The Client Is Mandatory For Account Opening.
♦ Is It Mandatory To Submit The Financial Proof To Open Derivative Account Segment?
Yes. It Is Mandatory To Provide Valid Financial Proof To Open Any Derivative Segment. Refer Account Opening Form To Know The Detailed List Of Financial Documents That Can Be Accepted.
♦ I Do Not Have Latest 6 Months Bank Statement With Me, What Are The Other Optional Documents That Can Be taken As Financial Proof?
Following Are The Applicable Documents Apart From Bank Statement As A Valid Financial Proof, Please Provide Any One Of The Following
- Copy Of ITR Acknowledgement (For Last Financial Year)
- Copy Of Annual Accounts (For Last Financial Year)
- Copy Of Form 16 In Case Of Salary Income (For Last Financial Year)
- Net Worth Certificate (Latest One, Or At The End Of Last Financial Year)
- Salary Slip (For One Month In Current Financial Year)
- Copy Of Demat Account Holding Statement (Not More Than 3 Months Old)
♦ What Is RTGS In KYC? What Are The Additional Documents Required To Opt RTGS?
It Is Real Time Gross Settlement Which Relates To Direct Credit Of Your Fund To Your Bank Account Mapped with us. You Need To Provide Us With The Cancelled Cheque Copy Of Your Bank Account.
♦ I Have My Bank Account Where My Wife Is A Joint Holder And Her Name Appears First In The Bank Document, Can I Submit The Same As My Bank Proof To Open My Trading + DP Account?
Yes, You Can Provide Such Document As A Bank Proof But Make Sure That Such Document Should Also Have Your Complete Name Displayed/Pre-Printed On It.
♦ Can Bank Statement Be Accepted As Address Proof?
Yes, Bank Statement Can Be Considered As Address Proof Provided There Are Recent Transactions Appearing For The Last 3 Months In The Statement.
♦ What Is A Depository?
A Depository Can Be Compared To A Bank. A Depository Holds Securities (Like Shares, Debentures, Bonds, Government Securities, Units Etc.) Of Investors In Electronic Form. Besides Holding Securities, A Depository Also Provides Services Related To Transactions In Securities. There Are Two Main Depositories In India, Namely, A) National Securities Depository Ltd. (NSDL) And B) Central Depository Securities Ltd. (CDSL), Both Of Which Are Regulated By SEBI. Beeline Broking Ltd. Is A Depository Participant Of NSDL And Will Hold Your Securities In Electronic Form.
♦ What Should I Do When I Want To Open An Account With A DP?
You Can Approach Beeline Broking Ltd. Or Any DP Of Your Choice And Fill Up An Account Opening Form. At The Time Of Opening An Account, You Have To Sign An Agreement With DP In A NSDL Prescribed Standard Agreement, Which Details Your And Your DP’s Rights And Duties.
♦ My Pan Card Copy Is Old And The Same Is Not Legible At All. What Are The Additional documents That Can Be Submitted Along With The Pan Card Copy?
In Such A Scenario, Client Can Provide Any Other Valid Photo Id Proof In Support To Pan Card Such As Driving License, Passport, Voter Id Or Aadhar Card Etc.
♦ I Want To Close My Account And To Transfer All My Shares To My Another Demat Account, What Is The Procedure For The Same?
Below Given Documents Are Required For Transfer cum Closure Process
- Account Closure Form
- Original Latest CML (Client Master )Copy Of Other DP Along With DP Official Attestation And Seal.
- If There Is Any Inactive Script In Clients DP Account, Then DIS Slip Is Mandatory So That Post The Respective Script Is Activated, It Can Be Transferred To The Provided DP (Other DP). Kindly Submit All The Above Documents to Beeline or their nearby Branches.
♦ Can I Map My Wife’s Mobile Number To My Trading + Demat Account?
No, Clients Own Mobile Number Should Be Updated In His /Her Trading + DP Account.
♦ Can I Change My Signature In Your Record Post Account Opening? What Is The Procedure For The Same?
Yes, You Can Change Your Signature Post Account Opening And You Need To Provide Signature Change Request Form Along With The Signature Proof (New).
♦ Can I Apply Online Without Signing Any Physical Form To Activate My Online Trading Facility?
Yes, You Can Apply Online For Online Trading Facility Through Our http://beelinebroking.com/online-trading.html
♦ I Am An Offline Client, Now I Wanted To Trade Online, What Is The Process For The Same?
To Convert Your Account From Offline To Online Portal, Please Fill The Application For Internet Trading And Mobile Trading Or You Can Mark A Request Through Our Website www.Beelinebroking.Com..Link…
♦ I Am Not Getting Any SMS Alerts From NSDL, What Should I Do To Get The Same?
If You Are Not Getting Any SMS Alert From NSDL, Kindly Fill In The SMS Alert Form Duly Signed By All Holders And Submit To Beeline HO / Nearby Branches.
♦ Can I Add Another Person To My Demat Account?
Demat Accounts Can Be Held By One, Two, Or Three People At The Same Time. Demat Accounts Can Also Be Held By Companies And Partnership Firms.
If You Would Like To Have More Than One Person On A Demat Account, You Have To Do So At The Time Of Account Opening. Once An Account Is Already Open, You Cannot Add Another Person To It. Your Only Alternative Is To Open Another Demat Account.
♦ Can Someone Come And Collect My Application Form?
Yes we do have facilities of pick up from your given address or even you can courier to Beeline Registered office or can submit to nearby location of Beeline ..
