We have an company and we are into an manufacturing sector now we have decided to enter into stock trading so what is the process and the documents required that need to be submitted by us to the Zerodha in order to open an demat account in our company name with all the GSTIN registered things
Corporate accounts cannot be opened online, and the account opening process has to be done offline with Zerodha. Check out this article for more details.
@nithin in case of corporate accounts, is the liability of directors limited or they are also personally liable for the debts they own to their brokers. Reason I am asking is because I had read in terms and conditions of certain broker who had this form signed by directors that they have their personal liabilty as well. How does it work with zerodha?
Hey @agrawalji, as per the Companies Act, all shareholders of Private Limited & Public Limited companies have limited liability up to the investment/contribution amount of the shareholder/investor. Currently, at Zerodha, we don’t collect any personal guarantee. We are awaiting for more clarifications from regulators in this regard.
if you don’t mind can you tell which broker?