What is an LLP (Limited Liability Partnership) account? Can we open the same with Shoonya?

An LLP (Limited Liability Partnership) Demat account is opened in the name of an LLP entity to hold and manage investments in securities such as shares, mutual funds, and ETFs.
This account enables the LLP to participate in the stock market, carry out secure transactions, and maintain a centralised view of its investments and portfolio.
Yes, you can open an LLP Demat account with Shoonya.

Documents required to open an LLP account:

• PAN card of the LLP
• Balance sheet for the last two financial years
• For newly registered LLPs: provisional balance sheet for one year, signed and stamped by a Chartered Accountant
• Certificate of registration of the LLP
• Partnership deed
• List of authorised signatories with specimen signatures
• Proof of the registered office address of the LLP
• Bank proof (anyone):
• Cancelled cheque
• Recent bank statement
• Bank passbook with LLP name
• KYC documents of all partners (individually):
• Self-attested photograph
• PAN card
• Aadhaar card or any other valid address proof
• Shareholding pattern of the LLP
• List of all partners or directors

IMPORTANT: All partners must complete individual KYC before the LLP account can be activated.

For any help with the process, please call +91 9779 902 002 or email clientsupport@shoonya.com.

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