1. BY : Ipancardstatus Ipancardstatus

2. In order to start share trading in India three sorts of accounts are important, a trading account using a broker, a Beneficial Owner account that has a Depository Participant as well as a bank account.

3. It is advisable to opt for an online trading account as an alternative to an off line account that has a broker. Online share trading allows trading of a single share at the same time.

4. Online share dealing may be possible through banks offering online banking or core banking facilities. Most online stock trading companies have tie-ups with banks for online transfers.

5. The account opening way of the broker has four components. The UID Status Form, separate agreements for share trading on BSE and NSE, Risk Disclosure Document and certain power of attorneys that are delivered. UID Status

7. Ensure you look at power of attorney carefully and you're authorizing limited to delivering shares to restore on your behalf against your sale trades instead of for any thing else.

8. You need to get your photograph attested because of your banker. Proof of address is ration card, latest utility bill etc. All documents ought to be produced in original for verification.

9. The next document can be a set of agreements involving the share broker along with the client. This agreement needs to be separately signed for BSE and NSE.

10. There can be a separate agreement for Depository operation relating to the Depository Participant as well as the Beneficial owner.

11. You employ a choice of opening your depository account through an entity who specializes go here only in rendering depository services or together with the share broker with who you are gonna register.go here

12. But if going for online share trading facility as opposed to aforementioned choice will never be available and invariably you may be asked to open depository account while using share broker you opt.

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