Yes, you could open a demat and trading account in the name of a Partnership Firm, Private Limited Company, HUF, Trust or any other organization.
Here are a few facts:
- Simillar to an individual account, you could open multiple demat accounts on a company name.
- The account opening process for company's is manual by filling paper form.
- Managing the demat account for the company is as convenient as you do individual accounts.
- You will have to use ASBA (net banking) to apply for IPO using this account. UPI cannot be used as UPI is for individuals only.
- All earning from a company account goes to the company and this lible for tax as per company's account.
- In case of Pvt Ltd companies, Memorandum of Association document may require updates. Please consult your CA for this.
