Checklist

DEPOSITORY SERVICES :

ADVANTAGES OF CDSL’S DP ACCOUNT THROUGH BALJIT :

DOCUMENT REQUIRED

Depository

Depository Facilities offered by Baljit (the below content will be just be the Facility name (in bold) when you click on it the description of the service will expand)

DE-MATERIALIZATION :

Baljit’s DP professionals will help you in converting your physical shares into electronic form.

RE-MATERIALIZATION :

Re-materialization enables you to convert the dematerialized shares into Physical form.

TRADES :

On sale of securities, you are required to give us the confirmed delivery instruction slip duly signed before the deadline so that the PayIn can be made in time to the concerned stock exchange and to avoid the hassles of auctioning. When you buy shares, you have to inform your Client ID and DP ID to your broker and on the PayOut date, we will credit your DP account with the securities bought by you.

POWER OF ATTORNEY(POA) :

With a view to hassle free DP operation without the worry of accurately filling the DP instruction slip after every trade you can enjoy benefits of POA by giving it to the depository participant.

PLEDGE :

Pledge enables you to obtain loans against your dematerialised shares. The pledged securities continue to be reflected in the DP account of the clients (pledgor) and are blocked for any transactions. When the pledge is removed, based on confirmations received from both the pledgor and the pledgee, the blocked securities will be released to “Free Balance” of the account holder. The advantage of pledges with the help of Baljit is that the securities continue to be in your account and therefore all benefits–viz Dividend, Bonus and Rights–accrue to the holder, ie you and not the bank (pledgee).

IPOS AND CORPORATE ACTION :

In case of an IPO allotment, the securities are transferred directly to your Demat account. The same applies for bonus and rights issue.

EASIEST :

If you are register with for easiest service services, then transfer instruction can be placed online over the internet to pre-notified clearing Member Pool account. This does away with the need to submit a physical delivery instruction slip.

EASY :

You can register with us to view your Demat account over the internet. This is very beneficial as you can avail services at no extra cost. You will able to view your holding reports, ledger etc. with no extra cost.

SMS ALERT(SMART) :

 

Any one can avail this facility by registering their mobile number with their DP whereby beneficial owner will receive SMS alerts pertaining to transactions and IPO/corporate action credits in their Demat accounts.

ACCOUNT CHECKLIST

A) Proof of Identity : (Any one of the following)

• Pan Card with valid photograph
• Passport
• Voter ID card
• Driving license
• Identity card/document with applicant’s Photo, issued by
• Central/State Government and its Departments,
• Statutory/Regulatory Authorities,
• Public Sector Undertakings,
• Scheduled Commercial Banks,
• Public Financial Institutions,
• Colleges affiliated to Universities (Only valid till the time the applicant is a student),
• Professional Bodies such as ICAI, ICWAI, ICSI, Bar Council etc., to their Members; and
• Credit cards/Debit cards issued by Banks.

* if photo is not clear on Pan card, either of ii – vi(a-h) documents can be given as additional ID proof.

B) Proof of Address : (Any one of the following)

• Ration Card
• Driving License/ Learning License
• Passport
• Voter ID card
• Electricity Bill (not more than 2 month old from bill generation date)
• Landline Bill (not more than 2 month old from bill generation date)
• Bank Passbook
• Bank Statement original/photocopy with Bank Logo (not more than 3 month old) must be accompanied with a Cheque copy
• Bank statement original/photocopy without Bank Logo (not more than 3 month old) must be attested by bank official stamp with name, designation or RBI code(emp code)and signature along with original cancelled Cheque copy
• Leave and License Agreement/ Agreement for sale
• Self-declaration by High Court & Supreme Court judges, giving the new address in respect of their own accounts.
• Identity card/document with address, issued by
• Central/State Government and its Departments,
• Statutory/Regulatory Authorities,
• Public Sector Undertakings,
• Scheduled Commercial Banks,
• Public Financial Institutions
• Professional Bodies such as ICAI, ICWAI, Bar Council etc., to their Members

C) Valid Bank Proof : (Any one of the following)

• Personalized Cheque copy with Bank Account No mentioned to verify Bank MICR No.
• Non personalized Cheque copy must be accompanied with a self attested bank passbook or bank statement* (statement should not be more than 3 month old)
• Original Banker verification letter

*Will also fulfill requirement for address proof

D) Latest photograph signed by the account holder.

E) Miscellaneous Checkings in DP Account Opening Form

• Minor details like name of the client & address, name of the branch and other details of the client required in the form and Agreement.
• Signatures are required on all pages of the agreement
• Name, Address & signature of the witness are compulsory. (Please note that 1 witness is required to sign on behalf of the client)
• If the signature on the form & the proof provided differs, the form will be liable for rejection unless the client has got his signatures verified by the banker.
• Nominee details must be supported by 2 witnesses (Name, Address & signature).
• Accounts having 3 holders, Minor accounts, HUF accounts and Corporate accounts cannot have nominees in a DP account.
• Joint accounts cannot be opened in case Minor accounts and HUF accounts.

In case of any corrections on the application form & agreement, account holders have to counter sign at place of the correction.

DOCUMENT REQUIRED

Individual account *

• Individual recent passport size photograph(s)
• Individual pan card
• Address proof in the name of the individual.
• Bank proof in the name of the individual.

* Note:- All the documents must be duly Self-attested in original.

HUF Account *

• Signed recent passport size Photographs of the Karta.
• Identity Proof of the Karta
• Pan card of the HUF AND the Karta.
• Address proof in the name of Karta.
• Bank proof in the name of HUF
• HUF declaration (declaration by the Karta given details of family members of the HUF with their name, date of birth, sex , relation with the Karta and signature of two witness of coparceners).
• HUF Stamp with Karta’s signature on the declaration

The account opened in the name of the HUF cannot have a nominee or a second and third holders. * Note:- All the documents must be Self-attested.

Corporate Account *

• Photograph(s) of all the authorized signatories.
• PAN Card Copy of all authorized signatories & Corporate.
• Address proof of all the authorized signatories & Corporate. Only following documents can be accepted address proof of Corporate
  • Form 18 with ROC receipt
  • Bank statement
  • Land line telephone bill or Electricity bill must be supported by ITR copy (Validity date- 2 months from bill date)
• Bank proof for the Corporate
• Board Resolution on the original letter head in specified format given in Demat kit & duly attested by Director / Chairman / Company Secretary other than the authorized signatory.
• True copy of MOA and AOA Certified by Authorized signatory.
• Valid Certificate of Incorporation with ROC seal attested by authorized signatory
• List of director’s along with name, address and photographs across signed with company stamp to be provided along with their signatures on letterhead of the company (Not a mandate).
• List of Authorized Signatories along with their Name, address, signatures & Photographs across signed with company stamp on the company’s letterhead
• Form-32 along with ROC receipt in case of change in director.
• Form-18 along with ROC receipt in case of company address change

* Note:- All the documents must be duly attested in original with company stamp.

Minor Account *

The Guardian has to sign on behalf of the Minor.

• Birth Certificate/Passport of the Minor
• Guardian’s Proof of Address
• Guardian’s Proof of Identity.
• Photograph of the Minor & Guardian.
• Valid Bank Proof – Photocopy of cheque leaf of bank account number mentioned on the form to verify the Bank MICR No.

The account opened in the name of the minor cannot have a nominee or a second and third holders.

* Note:- All the document proofs must be duly Self-attested.

N.R.I. (Non Resident Indian) Client *

• Latest photograph signed by the client.
• Photocopy of Valid Passport (Page containing the date of expiry also to be attached)
• Proof of Local Address
• Proof of Foreign Address
• Photocopy of cheque leaf of bank account number (NRE or NRO) mentioned on the form to verify the Bank MICR No.

* Note:- All the document proofs must be duly Self-attested.

DP account cannot be opened in the name of a partnership firm