Frequently Asked Question

All Categories » Account Opening / Company (Non individual account)

12. Which documents are needed to update or change a director, partner, or authorised signatory in a corporate, partnership, or LLP account?"

Last Updated 8 months ago

to update the director, partner, or authorized signatory in a corporate, partnership, or Limited Liability Partnership (LLP) account, the following documents are required:"

Documents Required to Update a Director in a Corporate Account

To change or update the director or authorized signatory in a corporate account, the following documents must be submitted:

Document Type	Requirements
Account Modification Form	- Download and fill out the Account Modification Form. - Mention "Change of Director/Authorized Signatory" under the details section. - Select "Modification" as the type of change. - Include the signature of the outgoing director or signatory under existing details. - Include the signature of the incoming director or signatory under new details.
Non-Individual KYC Form	- Completed Non-Individual KYC Form (PDF) signed and sealed by the new director or authorized signatory.
Annexure A	- Filled Annexure A on the company letterhead, signed and sealed by the new director or authorized signatory.
Form 32 or DIR-12	- Copy of Form 32 or DIR-12 filed for the appointment of the new director.
Individual KYC Form	- Individual KYC Form (PDF), signed by the new director/authorized signatory (no stamp required). - Note: If the KYC is already registered, this form and related documents are not required.
PAN (Permanent Account Number)	- Self-attested copy of the PAN card of the new director or signatory. - An additional self-attested PAN copy with the company seal.
Address Proof	- Self-attested copy of address proof (passport, driver's license, masked Aadhaar, etc.). - An additional self-attested address proof copy with the company seal. - If Aadhaar is submitted, ensure it's a masked version.
Balance Sheet	- Copy of the company's audited balance sheet for the last two financial years, signed and sealed by the authorized signatory.
Minutes of the Meeting	- Copy of the minutes approving the appointment of the new director or authorized signatory.
List of Directors	- Updated list of directors on company letterhead, signed by the authorized signatory and sealed.
Latest Shareholding Pattern	- Most recent shareholding pattern on company letterhead, signed by a whole-time director or promoter and sealed.
Board Resolution	- Board resolution authorizing the change, printed on the company letterhead, and signed and sealed by the authorized signatory.
Ministry of Corporate Affairs (MCA) Document	- Copy of the relevant MCA filing (e.g., appointment confirmation), signed and sealed by the director or authorized signatory

Documents Required to Update a Partner in a Partnership Account

To change or update a partner or authorized signatory in a partnership account, the following documents are required:

Document Type	Requirements
Account Modification Form	- Complete the Account Modification Form. - Mention "Change of Partner/Authorized Signatory" under details. - Select "Modification" as the type of change. - Include signatures of both the outgoing and incoming partner/authorized signatory. - Signature of the new partner/authorized signatory must be provided in the F box.
Non-Individual KYC Form	- Non-Individual KYC Form (PDF) filled and signed by the new partner/authorized signatory with the firm’s seal.
Annexure A	- Annexure A printed on the firm’s letterhead, signed and sealed by the new partner or authorized signatory.
Supplementary Partnership Deed	- A copy of the supplementary partnership deed reflecting the new partner, signed and sealed by the firm and concerned parties.
Individual KYC Form	- Individual KYC Form (PDF), signed by the new partner/authorized signatory (no stamp required). - Note: Not required if the individual's KYC is already registered.
PAN	- Self-attested PAN copy of the new partner/authorized signatory. - An additional PAN copy with the firm's seal and the individual's signature.
Address Proof	- Self-attested copy of the new partner’s/authorized signatory’s address proof (e.g., passport, driver's license, masked Aadhaar). - An additional copy with the firm's seal. - Ensure Aadhaar is masked, if submitted.
Balance Sheet	- Audited balance sheets for the last two financial years, signed by the authorized signatory and stamped with the firm’s seal.
Annexure 4	- Annexure 4 on the firm’s letterhead, signed and sealed by the new partner or authorized signatory.
Authority Letter	- Authority Letter on the firm’s letterhead, signed by the authorized signatory and stamped with the firm’s seal.
Account Closure Form	- Account Closure Form (PDF), signed by the outgoing partner/authorized signatory with the firm’s seal (if applicable).
Non-Individual Application Form	- Non-Individual Account Opening Form (PDF) to initiate a new demat account for the updated entity structure.

Documents Required to Update a Partner in a Limited Liability Partnership (LLP) Account

To change or update a partner or authorized signatory in an LLP account, the following documents must be provided:

Document Type	Requirements
Account Modification Form	- Complete the Account Modification Form. - Mention “Change of Partner/Authorized Signatory” under the details section. - Select “Modification” as the type of change. - Include signatures of the outgoing and incoming partner or authorized signatory. - The new partner or signatory must sign in the F box.
Non-Individual KYC Form	- Non-Individual KYC Form (PDF) filled and signed by the new partner/authorized signatory, along with the LLP seal.
Annexure A	- Annexure A on LLP letterhead, signed and sealed by the new partner/authorized signatory.
Supplementary LLP Agreement	- A supplementary LLP agreement reflecting the change, signed by the new partner or authorized signatory and affixed with the LLP seal.
Individual KYC Form	- Individual KYC Form (PDF) signed by the new partner/authorized signatory (no stamp required). - Note: If KYC is already registered, this is not required.
PAN	- Self-attested PAN copy of the new partner or authorized signatory. - Additional PAN copy with LLP seal.
Address Proof	- Self-attested address proof of the new partner/authorized signatory (e.g., passport, driver’s license, masked Aadhaar). - Additional address proof with LLP seal. - Ensure Aadhaar is masked if submitted.
Balance Sheet	- Audited balance sheets for the previous two financial years, signed by the partner/authorized signatory and stamped with the LLP seal.
Ultimate Beneficial Owner (UBO) Annexure	- If the new partner/authorized signatory/shareholder holds 15% or more shareholding, capital, or profits, submit the UBO Annexure with a signature on the 3rd page.
Latest Shareholding Pattern	- Most recent shareholding pattern on LLP letterhead, signed by a whole-time partner or promoter, with LLP seal.
Board Resolution	- Resolution approving the change, printed on LLP letterhead and signed by the authorized signatory or partner, with the LLP seal.
Ministry of Corporate Affairs (MCA) Document	- Relevant MCA filing confirming the change, signed by the partner/authorized signatory and stamped with the LLP seal.

Frequently Asked Question

Please Wait!