Handy Tips
- All declarations should be on firm letter head and dated.
- All KYC documents must include the rectangular seal (director / authorised signatory) along with signatures on all pages.
- The LLP entity should be registered on The Ministry of Corporate Affairs (MCA) site and the status should be active on the site.
- The cheque amount can range from ₹20,000 to ₹10,00,000 and must be shared at the time of document pickup.
Forms Required
SL. No. | Forms
1 | Account Opening Form and Customer Information Form (CIF) for the entity.
2 | Individual CIF form and KYC documents for:- Authorized signatories / directors operating the account.- The natural person / individual who, whether acting alone or together, or through one or more juridical person, exercises control through ownership.
- The natural person / individual who, whether acting alone or together, or through one or more juridical person ultimately has ownership of / entitlement to more than 25% of the shares or capital or profits of the company.
3 | Corporate Netbanking Application Form.
4 | Foreign Account Tax Compliance Act (FATCA) declaration in the name of the entity.Documents Required
SL. No. | Documents
1 | KYC documents of all Authorised Signatories
2 | Memorandum of Association (MoA) & Articles of Association (AoA).
3 | Certificate of Incorporation (CoI).
4 | Board Resolution (BR) duly signed. - All pages have to be signed by the Company Secretary OR Managing Director OR at least 2 Directors.- It should contain a clause mentioning account opening with the preferred bank (RBL/ YBL).
- In case the BR is more than 6 months old, then it should mandatorily state that it is a Certified True and Updated copy BR.
- BR to be signed by managers/officers/employees who the have Power of Attorney granted to transact on behalf of the company.
- In the case of a one-person company (OPC) the BR can be signed by the single authority.