What is the procedure to open a Geojit trading and demat account for a Trust?

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A Trust can be either a registered or unregistered Trust. The document requirements for account opening are the same, but they differ in the aspect that: 

Trust Type	Trading Account	Demat Account
Registered	Must be opened in the name of the Trust.	Must be opened in the name of the Trust.
Unregistered	Must be opened in the name of the Trust.	Must be opened in the name of the Trustees.

To open a Trust account, the following documents must be submitted at a branch along with a filled and signed account opening form. Use our branch locator to find a Geojit office near you. 

A. Trust Documents: 

Sl No.	Documents	Requirements
1.	PAN	* Trust seal with designation (of the authorised signatory) * Signature of the authorised signatory (or signatories)
2.	Address Proof	* Trust seal with designation (of the authorised signatory) * Signature of the authorised signatory (or signatories) * Accepted proofs: i. Registered lease/ Sale agreement of residence.  ii. Utility bills (not older than 2 months)- telephone bill (land line)/ electricity bill/ gas bill  iii. Bank account statement/ Passbook (not older than 2 months) iv.  Certificate of Incorporation/ Formation v. GST Certificate
3.	Bank Account Proof	* Trust seal with designation (of the authorised signatory) * Signature of the authorised signatory (or signatories)
4.	Financial Statements of the last 2 financial years	Required documents: * Profit & Loss Statement with notes to accounts * Balance Sheet with notes to accounts In case it is not available for 2 years: A. Newly incorporated trusts (less than 1 year) must submit: i. Letter from the Trust mentioning reason for non-submission ii. CA certified Networth Certificate B. 1 year+ old trusts must submit: i. The previous year's financial statements ii. Letter from the Trust mentioning reason for non-submission * All pages of the P&L Statement, Notes and Balance Sheet to have the Trust seal with designation (of the authorised signatory) and be signed by the authorised signatory (or signatories) * Must be submitted annually
5.	Registration Certificate copy (If registered)	* Trust seal with designation (of the authorised signatory) * Signature of the authorised signatory (or signatories)
6.	Trust Deed copy	First and last page must have: * Trust seal with designation (of the authorised signatory) * Signature of the authorised signatory (or signatories)
7.	List of Trustees	* Certified by the Managing Trustees/ CA * Dated, on the letterhead of the Trust * Trust seal with designation (of the authorised signatory) * Signature of the authorised signatory (or signatories)
8.	List of Authorised Signatories	* With specimen signatures of the authorised signatories * Dated, on the letterhead of the Trust * Trust seal with designation (of the authorised signatory) * Proofs and documents to be signed based on the number of authorised signatories: i. Joint (2)- all signatories must sign the required documents ii. Several- any one signatory can sign the required documents
9.	Trading Account Board Resolution	* Passed to authorise the trustee(s) who is to open and operate the trading account * Dated, on the letterhead of the Trust * Trust seal with designation (of the authorised signatory) * Signature of the authorised signatory (or signatories)
10.	Demat Account Board Resolution	* Passed to authorise the Trust to open and operate a demat account through Geojit with NSDL/ CDSL * Dated, on the letterhead of the Trust * Trust seal with designation (of the authorised signatory) * Signature of the authorised signatory (or signatories)
11.	Proof for Derivatives Trading and/ or Commodity Categorisation (if required)	* Trust seal with designation (of the authorised signatory) * Signature of the authorised signatory (or signatories) * Accepted proofs: i. Latest Networth Certificate ii. Latest Financial Statements iii. Latest ITR (Income Tax Return)

B. Trustees and Related Persons Documents:

Sl No.	Documents	Requirements
1.	Passport size photo (2)
2.	PAN	Self attested
3.	Address Proof	Self-attested
4.	CKYC Form	* CKYC of all trustees/ related persons. * If an individual is KYC registered, their CKYC number must be provided * If an individual is not KYC registered, fill in the CKYC form in the account opening booklet. There are forms for 3 individuals in the booklet. Additional forms can be printed.

Download the required forms: