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Getting Started

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Getting Started

Non Individual

Non-individual accounts refer to trading and demat accounts opened in the name of a business entity such as a Company, Partnership Firm, Hindu Undivided Family (HUF), or Limited Liability Partnership (LLP).

These entities can participate in the Indian capital markets but must meet additional compliance requirements as defined by SEBI, exchanges, and the Income Tax Department.

Opening a Non-Individual Account with Firstock

Non-individual accounts cannot be opened online. The process is entirely offline and involves submitting specific sets of forms and supporting documents based on the entity type.

Types of Non-Individual Accounts

  1. Company/Corporate Account (Private Limited)
  2. Partnership Firm
  3. Hindu Undivided Family (HUF)
  4. Limited Liability Partnership (LLP)

Submission Process

Once all forms and documents are prepared:

  • Email soft copies to: [email protected] for preliminary review.
  • Courier hard copies to Firstock Customer Support Centre: 
Firstock, No: 46, 1st Floor, 36th F Cross Road, 4th T Block Jayanagar, Bangalore Karnataka - 560041

 FAQs

No. The mobile number and email ID registered for a HUF trading and demat account must be different from those registered for an individual trading and demat account.
Yes, upon the demise of the father, the eldest daughter can become the Karta of the HUF, provided she is the senior most coparcener in the family.
A coparcener in a Hindu Undivided Family (HUF) is someone who has a legal right by birth to the ancestral property of the HUF. The following points clarify who qualifies as a coparcener: All children (male or female) born into the HUF automatically become coparceners. A coparcener has the right to demand partition and claim a share in the HUF property. A married woman who joins the HUF through marriage becomes a member but does not acquire coparcenary rights. The wife of the Karta (head of the HUF) is a member of the HUF but not a coparcener.
To open a HUF (Hindu Undivided Family) account with Firstock, you need to submit the following documents: • PAN card copy of the HUF • PAN card and Aadhaar card of the Karta (head of the HUF) • PAN card and Aadhaar card of all coparceners (HUF members) • Address proof of the HUF (such as a bank statement, telephone bill, or electricity bill in the HUF’s name) • Bank account proof of the HUF (cancelled cheque, passbook front page, or bank statement showing account number and IFSC code) • Either of the following: - ITR acknowledgements and financial statements for the latest two financial years, or - Bank statements of the HUF account for the last six months If you have any questions or need help with the documentation, please contact Firstock support.
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