May 28, 2026
What Are DP Charges in a Demat Account
DP (Depository Participant) charges are fees deducted when you sell shares from your demat account. Read to know what is dp charges how they are calculated, types and more.
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How To Open a LLP Demat Account?
Start investing as a Limited Liability Partnership in just 4 simple steps
STEP 1
Submit LLP Details
LLP's incorporation certificate, PAN, & basic information. Designated partner initiates the account opening process.
STEP 2
Upload Documents
LLP Agreement, Certificate of Incorporation, Partner Resolution, balance sheets, partners' KYC documents & bank proof.
STEP 3
Complete Video KYC
Designated partner’s video KYC verification to ensure compliance with SEBI & depository regulations.
STEP 4
Account Activation
Once verified, account is ready. LLP bank account, transfer funds, and start investing.
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Ensure your LLP account remains compliant with SEBI, depository guidelines, and LLP Act requirements.
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Eligibility Criteria & Documents for LLP Demat Account
Verify that your Limited Liability Partnership meets these requirements to open a demat account
Must be registered under the Limited Liability Partnership Act, 2008- LLP must have a valid PAN card
- Must have at least two designated partners
- LLP Agreement must authorize securities investment
- All designated partners must complete KYC
- Bank account in the name of LLP
- Compliance with statutory requirements
Documents Required
Keep these documents ready for a smooth account opening process31
For the Limited Liability Partnership:
- LLP PAN Card (mandatory) - Issued in the name of the LLP
- Certificate of Incorporation - Issued by MCA
- LLP Agreement - Notarized, with investment clause
- Partner Resolution - Authorising account opening and naming designated partners
- Bank Account Proof - Cancelled cheque or bank statement (not older than 3 or 6 months)
- Address Proof - Utility bill, lease agreement, registered office proof (not older than 3 months)
- Audited Balance Sheets - Last 2 financial years, or CA-certified net worth certificate
- Ultimate Beneficial Owner (UBO) Documents - Required if any individual holds above 10% ownership, capital contribution, or profit share
- List of Partners & Authorised Signatories - On LLP letterhead, with seal, signatures, and specimen signatures
- FATCA Declaration - Foreign Account Tax Compliance Act declaration
- CKYC Number (if available) - Helps simplify KYC processing
For Each Designated Partner:
- PAN Card (mandatory)
- DPIN (Designated Partner Identification Number) - Allotted by MCA
- Aadhaar Card or Passport - Identity proof
- Address Proof - Aadhaar, passport, voter ID, driving license, utility bill (not older than 3 months)
- Recent Photograph - Passport-size; of each designated partner
- Signature Specimen
Additional Documents for Derivatives (F&O, Currency, Commodity) Segment
- Allowed Income Proofs - Latest ITR acknowledgement, audited net worth certificate from CA, or 6-month bank statement
Note: All documents should be self-attested by the authorised signatory and carry the LLP's seal. Original may be required for In-Person Verification (IPV). Ensure all documents are current, with signatures and seals clearly visible.
Regulatory Disclosure for LLP Demat Account
LLPs must comply with SEBI and depository regulations when opening demat accounts. A valid LLP Agreement authorising investments, Partner Resolution, and KYC for designated partners are required. UBO declaration applies if any partner holds 10% or more. Annual compliance filings and updated records must be maintained, with all income taxed in the LLP’s name.
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Frequently Asked Questions
Yes. A Limited Liability Partnership can trade shares if its LLP Agreement explicitly authorizes investment in securities. The LLP must open a demat and trading account with a SEBI‑registered broker, complete KYC for all designated partners, and comply with SEBI regulations. All trades are conducted in the LLP’s name, with profits and losses belonging to the entity.
Under the LLP Act, 2008, a Designated Partner must be an individual. Bodies corporate can only act through a nominated individual. Every DP must obtain a DPIN from the Ministry of Corporate Affairs. At least two DPs are required, with one resident in India, and they are personally liable for regulatory compliance.
Yes. An LLP registered under the LLP Act 2008 with a valid PAN can open a demat account. Required documents include Certificate of Incorporation, LLP Agreement, Partner Resolution, balance sheets, and partners’ KYC proofs. The process can be completed digitally with video KYC.
An LLP must have a minimum of two designated partners as per the LLP Act 2008. Both designated partners are required to complete individual KYC for the demat account opening. If your LLP has more than two designated partners, you can choose which partners will operate the demat account based on your partner resolution and internal authorisation.
No. Most brokers, including Choice, offer digital account opening with video KYC. In some cases, In‑Person Verification may be required, either at the Choice local branch or at the LLP’s registered address.