Ans. To Open Demat and Trading Account in Delhi with Elite Wealth Advisors Ltd., you are required to call us +91-11-42445800 or email us at contact@elitestock.com

Or simply Download the forms from the links below:
Account Opening Form for Equity and Currency
Account Opening Form for Commodity
Our executives will contact you and will arrange to collect duly filled and signed application form at your convenience. The pick up facility is only applicable to the clients of Delhi/NCR. Other clients will have to courier/post the documents to the below mentioned
address:
S-8, DDA Shopping Complex,
Near Jeevan Anmol Hospital,
Mayur Vihar Phase-1, Delhi-110091

Ans. Required Document for Account Opening (All documents must be self-attested):-

  • Pan Card Copy
  • Address Proof any one (Bank Passbook with latest statement ,Voter id Card, Driving License, Passport & Aadhar Card)
  • Two Photo
  • Latest Bank statement (Last six months )
  • Cancelled cheque

Ans. The following reasons are mostly behind the delay in the Account Opening process:

The correct documents should be sent as proof for the KYC process (Check FAQs to know the list of required documents).
The documents should be self attested.
All documents should be legible after the print out.
The Cheque submitted by the client should have the client’s name printed (below the Signature). If not, then the client is mandated to submit his/her passbook and bank statement.
The address mentioned in the account opening form should be consistent with the address proof submitted.
The forms should be filled correctly and completely. Please view sample forms in order to fill the form correctly.
The signature of the client should be consistent throughout the form. Any discrepancy may lead to a delay in the account opening process.

Ans.

  • Driver’s License
  • Phone bill
  • Aadhar Card
  • Voter’s ID
  • Passport

Ans.- Your account will be activated the same day we receive your completed form along with all the documents.

Ans.- This can be done by clicking on the “forgot password” link. An automated mail should be sent to your inbox via which the password can be changed.

Ans.- This can be done by clicking on the “forgot password” link. An automated mail should be sent to your inbox via which the password can be changed.

Ans.- You can go to this link to reset/change your password (forgot password) for DIET/Online Trading Software Or you can call us to reset/unlock your account.

Ans.- After three wrong attempts, your account will be locked- On ODIN and 10 attempts on Online Trading Software ?

Ans.- You can check your account details by logging into your back office. In case you wish to change any of your details, you can fill out the Change Request forms in the Downloads Section.

Ans.- We provide a back-office account along with your trading account in which you can see various reports listed below:

  • Detailed Financial Ledger
  • Net Position
  • Margin report
  • DP Holding report
  • Fund status
  • MTM on open position
  • Profit & Loss statement
  • Contract Note
  1. The correct documents should be sent as proof for the KYC process. Please refer to the next question to know the valid documents.
  2. The documents should be self attested & all documents should be legible after the print out. Moreover, the signature of the client should be consistent throughout the form. Any discrepancy may lead to a delay in the account opening process.
  3. The Cheque submitted by the client should have the client’s name printed (below the Signature). If not, then the client is mandated to submit his/her passbook and bank statement.
  4. The address mentioned in the account opening form should be consistent with the address proof submitted.
  5. The forms should be filled correctly and completely. Please view sample forms in order to fill the form correctly.

Ans.  Yes you can use email id and mobile number of your family members. This can be possible only in following  case

  1. Spouse
  2. Dependent children
  3. Dependent parents

In such cases you just need to give undertaking for same email id and mobile.You can’t use same email id and same mobile number of your cousin neighboursand your friends.

Ans. You can easily open an account with us. You just need to give a valid proof of your surname in which u are showing that your surname is so and so. Like in aadhaar card or voter card your father name is printed with surname. In such case you just have to fill the name mismatch declaration form in our account opening form.

Ans. Yes you can give correspondence address proof but in such case you have to give your permanent address proof also.

Ans. Yes but in such case you have to show your relation proof like marriage certificate , passport etc.

Ans. Yes we will consider this bank account but you just have to give “No Objection letter ” from 1st holder so that the 1st holder has not any objection that you are using his\her account for trading purpose with us.

Ans. No. if you are 1st holder then there is no need to give NOC letter.

Ans. Yes. Minor can be nominee. You have to give guardian details in nominee form.

Ans. Yes but in such case you have to declare the ratio of part of your holdings that you want to give your nominee.Nomination form is available in our customer care download section.

Ans. Contract note is the legal record of any transaction carried out on a stock exchange through a stock broker. It serves as the confirmation of trade done on a particular day on behalf of a client on a stock exchange (BSE/NSE/ MCX/ NCDEX).

Ans. C-KYC stands for Central KYC, a process storing the KYC records of the customer centrally. The programme was announced by the Government of India in the 2012-13 Union Budget and went live in July 2016. With Central KYC (cKYC) program, once you finish the KYC process with an entity authorised to conduct KYC, it will be sufficient for you to invest in all the other financial products including Mutual Funds. Central KYC (cKYC) is being managed by The Central Registry of Securitization and Asset Reconstruction and Security Interest in India (CERSAI).

You need to give your one passport size photograph, pan card and valid address proof along with CKYC form for CKYC registration.

Ans. With a view to bring uniformity in the KYC requirements for the securities markets, SEBI has initiated usage of uniform KYC by all SEBI registered intermediaries. In this regard SEBI has issued the SEBI {KYC (Know Your Client) Registration Agency (KRA)}, Regulations, 2011. KRA provides for centralization of the KYC records in the securities market. The client who is desirous of opening an account/trade/deal with the SEBI registered Intermediary shall submit the KYC details through the KYC Registration form and supporting documents. The Intermediary shall perform the initial KYC and upload the details on the system of the KYC Registration Agency (KRA). This KYC information can be accessed by all the SEBI Registered Intermediaries while dealing with the same client. As a result, once the client has done KYC with a SEBI registered intermediary, he need not undergo the same process again with another intermediary.

You need to give your one passport size photograph, pan card and valid address proof along with kyc form for KYC registration in KRA.

Ans. Just give your one passport size photograph, pan card and valid address proof with kyc form to your RM or submit to our office. We will update your KYC in KRA.

Ans. Yes.  You can open demataccount of minor with guardian details.

Following are the self-attested documents required for minor’sdemat account.

  1. Pan card
  2. Address prrof
  3. One passport size photograph
  4. DOB proof (birth certificate in lang Hindi or English)
  5. Bank proof(name printed on that)
  6. Guardian’s pan card
  7. Guardian’s address proof
  8. Guardian’s photograph

Ans. Power of Attorney is authority given by demat account holder to us. In that authority you will give the right to us that we can directly debit the shares from your account and provide to the exchangefor Payin of securities or against margin obligation.

Ans. Yes , but all proof’s need to be given.

Ans. You need to give one copy of your pan card surrender letter to us with new pan card copy.(self attested)

Ans. No. Because the purpose of sending welcome letter at your address is verifying your address .

Ans. No you can’t give bank details of 2nd person. You have to give your own bank details to us. You can give joint bank account details.

Ans. Yes. But in trading account you have to give your demat  account details.Another problem you will face is that you can not sell your securities from your trading account with us before transferring the securities in our pool account.

Ans. Go to customer care link customecare@elitewealth.inand download our account reactivation form and send it to our office address or your respective RM.

Ans. Go to customer care linkcustomecare@elitewealth.in-> forms for download->kyc modification formand fill that form and submit to us with valid proof like for address change new address proof or for bank details new bank account proof or you can directly contact to your RM.

Ans. Please submit any one of the following documents:

  1. Photo with across sign.
  2. Pan of nominee.
  3. Aadhaar number of nominee.
  4. Saving bank account no of nominee, if maintain with the same participant.
  5. Demat account details of nominee.
  6. Copy of any proof of identity document(accompanied by original for verification or duly attested by any entity authorized for attesting the documents).

Ans. No you just need to fill the new segment activation form and also have to give latest 6 month transaction of your bank account or ITR copy of your last 2 financial year and submit to us.

Ans. As per the agreed tariff sheet we have to take Rs 15/- as minimum service charges the traded day. If the brokerage is less than Rs 15/- then the difference will be charged as service charges. This happens in such cases where the value of share is very less and the client has done 2 or 3 trades where the brokerage is coming to be less than Rs 15/-.

Ans. You can give us just a request by an email. All new accounts are by default opened online also where client can trade through web.

Ans. Following self-attested documents copy are required for HUF account.

  1. Pan card of HUF.
  2. Address proof of HUF(bank passbook with latest transactions) .
  3. Pan card of karta.
  4. Address proof of karta.
  5. Bank accounts details of HUF(it should be either cheque with name printed on that or bank passbook with latest transactions).
  6. 3 photographs of karta.
  7. HUF Declaration Deed.

Ans. Following documents copy are required for company account

  1. Pan card of a company
  2. Address proof of a company
  3. Board resolution
  4. MOA, AOA and certificate of incorporation.
  5. Copy of balance sheets for the last 2 financial year.
  6. Copy of latest share holding
  7. Photograph, POI, POA, PAN and DIN numbers of whole time directors or two directors.
  8. Copy of cheque or bank passbook with latest transactions.
  9. Photograph, POI, POA and PAN of individual promoters holding control –either directly or indirectly.
  10. Authorised signatories list with specimen signatures.

Ans. Following self-attested documents copyare required for NRE/NRO account

  1. 2 color photographs .
  2. Pan card(self-attested).
  3. Address proof self-attested( Indian and the other country where the person is reside).
  4. PIS letter from bank.
  5. Bank proof(it should be either cheque or bank passbook with latest transactions).

Ans. Download account closing form from our website customecare@elitewealth.in and fill it and submit to us.

Ans. Download bank updation form from our website and fill that form and submit to our office with bank account proof (cancelled cheque copy or bank passbook front page mentioning the IFSC code with latest transactions).

Ans. You have to submit your marriage certificate or affidavit to us with self-attested copy of your pan card and kycupdation modification form.

Ans. Yes, you can change nominee by submitting the nomination form.

Ans. you can change your name in our records by providing copy of that local newspaper , copy of pan card and kycupdation  modification form.

Ans. For HUF account reactivation you need to first check your kyc whether it is registered or not by NDML or CVL. If your kyc is registered then you need to give just reactivation form or if it not then you need to give whole documents which are required for the time of opening an account.

Ans. Yes you can cancel your POA just giving a written request letter to us.

Ans. No. we send trading related confirmation messages in only one registered number, but we can keep your another number in our record for communication purpose.

Ans. you can add multiple bank account and demat account in your trading account.But there will be one primary Bank account where we will be sending the payouts.

Ans. Yes. We send all details regarding your account like contract note,  statement of accounts etc. in your email id.

Ans. once your account is opened with us you will get your user id and password on your email id and also in your welcome letter.

Ans. Welcome letter will be reached at your address within 10 days of open an account with us.

Ans. You will get DIS booklet and welcome letter in which the details are mentioned like your user id and password, your back office login id and password, your client code your RM name etc.

Ans. DIS is delivery instruction slip. It is required for transfer of shares and at the time of transactions in a Demat account. It is the authorization you are giving to your depository participant to debit the shares from your account.It will be used only when you have not given Power Of Attorney and if you want to transfer your shares from one Demat account to another Demat account offline.

Ans. Yes you can change your signature. You just need to give a request letter for signature change and new signature should be duly attested by your bank manager.

Ans. You can fill the prescribed form for Power Of Attorney authorization and submit to our branch/RM.

Ans. when in your account there are not any sale/purchase transactions done from the last 6 months.

Ans. By your welcome letter that was sent  at the time of account opening.

Ans. Limited purpose power of attorney is that your broker useit only for auto pay in purpose and for margin obligation in regards to your positions.

Ans. Trading account can’t be open jointly but demat account can be open in the name of two or more.(Max. 3 Holders)

Ans. Following are the documents required for derivative segment activations.(give any one of them)

  1. Copy of ITR Acknowledgement for last 2 years
  2. Net worth certificate
  3. In case of salary income – Salary Slip, Copy of Form 16
  4. Bank account statement for last 6 months
  5. Copy of demat account holding statement – not more than 3 months old
  6. Any other relevant documents substantiating ownership of assets.

You have to submit new segment activation form with any one of the above written documents.

Ans. Yes, and in case of corporate account every year the audited balance sheet and ITR is required.

Ans. Yes. In such case you have to give your self-attested and stamped client master of the other DP account and request letter.

Ans. As per the law of SEBI when any person wants to open a trading or demat account then one person of the broking firm has to meet the person personally and verify his/her original documents. This process we called in-person verification. Yes this process is mandatory. Since we provide online facility for account opening we verify your original documents via skype or any other online facility.

Ans. In such case you need to check whether company’s kyc is registered or not then

If company’s kyc  is registered  then you need to submit the following documents

  1. Reactivation form duly signed by the Authorised person as mentioned at the time of opening of account.
  2. Board Resolution for requesting reactivation
  3. last 2 yrs Balance sheet and ITR with Audited financial statements.

If company’s  kyc is not registered the you need to submit the following documents

  1. Pan card of a company
  2. Address proof of a company
  3. Board resolution
  4. MOA, AOA and certificate of incorporation.
  5. Copy of balance sheets for the last 2 financial year.
  6. Copy of latest share holding
  7. Photograph, POI, POA, PAN and DIN numbers of whole time directors or two directors.
  8. Copy of cheque or bank passbook with latest transactions.
  9. Photograph, POI, POA and PAN of individual promoters holding control –either directly or indirectly.
  10. Authorised signatories list with specimen signatures.

Ans. The existing account will be closed and new account opened in the name of the minor turned major and all securities in the minor account are transferred to the new account.

Ans. For trading minimum age should be 18yrs and for demat anybody can open the account.

Ans. FATCA stands for the Foreign Account Tax Compliance Act. It is a declaration by each individual / corporate etc .that they don’t have any foreign accounts or funds routed from foreign etc.

Ans. All individual who currently have one account or plan to open an demat account where they are the sole first holder will be allowed to open the BSDA, provided that the value of securities held here will not be more than Rs2 lakh at any given point of time. Keep in mind that you are allowed to open only one BSDA across all DPs.

Ans. Rajiv Gandhi Equity Savings Scheme or RGESS is a new equity tax advantage savings scheme for equity investors in India, with the stated objective of “encouraging the savings of the small investors in the domestic capital markets.”It is exclusively for the first time retail investors in securities market.

The maximum investment allowed for claiming deduction under RGESS is Rs. 50,000. The investor will be eligible to get a 50% deduction of the amount invested from the taxable income of that year u/s 80CCG. The benefit is over and above the deduction available u/s Sec 80C.

Ans. Pay in day is the day when the brokers shall make payment or delivery of securities to the exchange. Pay out day is the day when the exchange makes payment or delivery of securities to the broker. Settlement cycle is on T+2 rolling settlement basis w.e.f. April 01, 2003

Ans. Dividend will be credited to the bank account linked to your demat account.

Ans. No, in case you have already opened an trading account with us otherwise you can.

Ans. if you update bank in trading account only for funds transfer  then the old bank we can keep in our record on your request and in demat account your bank detail remains same . But when you give request for update bank details in both then we update your bank details in both trading and demat account. The old bank details will be remain same in trading only but in demat your old bank details will be removed. In trading account you can keep more than one bank but in demat you can keep only one bank detail.

Ans. No. CKYC is applicable only in individual account.

Ans. You can download our account opening form from our website and fill that completely and send it with required documents either our office address or our customer care mail id.

Ans. Once the account gets opened the client will receive an email as well as an SMS.

Ans. We open an account in following segments.

  1. Equity
  2. Derivatives
  3. Currency
  4. Commodity

Ans. No. In the case of HUF, shares can be held in the name of existing karta on behalf of HUF.

Ans. No. The demat account cannot be operated on “either or survivor” basis like the bank account.

Ans. No. The names of the account holders of a BO account cannot be changed. Ifany change has to be effected by addition or deletion, a new account has to be opened in the desired holding pattern (names) and then transfer the securities tothe newly opened account. The old account may be closed.

Ans. The claimant should submit to the concerned DP an application i.e. Transmission Request Form (TRF) along with the following supporting documents –

  1. In case of death of sole holder; where the sole holder has appointed a nominee
  • Notarised copy of the death certificate
  1. In case of death of the sole holder; where the sole holder has not appointed a nominee
  • Notarised copy of the death certificate

And any one of the below mentioned documents :

  • Succession certificate
  • Copy of probated will
  • Letter of Administration

The DP, after ensuring that the application is genuine, will transfer securities to the account of the claimant.

Ans. Nomination can be made only by individuals holding beneficial accounts either singly or jointly. Non-individuals including society, trust, body corporate, Karta of HUF, holder of POA cannot nominate.

Ans. It can be seen online at customer convenience by login into backoffice section at our portal www.elitewealth.in.

Ans. Following are the steps:

  1. Receiving of duly filled up form along with the documents required.
  2. Scrutiny of documents and checking of signatures done.
  3. Verification call is made to the client to verify the details as per the KYC
  4. Once verification done then Demat account is opened and then the trading account gets uploaded.
  5. Once the account is opened welcome mail sent by us on client’s registered email id with us.
  6. After opening the trading and demat account we do the KRA registration as well as cKYC registration.

Ans. Once you receive the welcome kit first verify the details and further if you want to trade then you need to dial 011-42445858, you will automatically get connected to your respective Dealer.

Ans. This is as per the Plan opted by the client.

Ans. There are 2 ways to transfer the funds into elite bank account. Firstly you can deposit the cheque into elite Bank account number at any of the branch near to you and then send an email to the customer care for the same. The other method is you can transfer online also using our trading platform or by going to our website where you will find the Online funds transfer icon by using Net Banking.

Ans. Networth certificate should be enough, there is no minimum networth.

Ans. Our representative will contact you in case there is any rejection.  Also the client will get an SMS from KYC department.

Ans. You will receive welcome SMS on your registered mobile number, welcome email on the registered email id and welcome letter along with welcome kit on the registered address.

You will also receive the user id and password on your registered mobile number.

Ans. When your details changed in our records then confirmation will be sent to your registered mobile number.

Ans. No. we require modification kyc form with valid documents for make any change in your account.

Ans. As per SEBI directive, the charge structure will be based on value of holdings in the accounts as indicated below:

  • No AMC shall be levied, if the value of holding is up to Rs. 50,000.
  • For the value of holding from Rs 50,001 to Rs 200,000, AMC not exceeding Rs 100 may be charged.
  • If the value of holding in such BSDA exceeds Rs. 200,000 at any date, the DPs may levy charges as applicable to regular accounts (non-BSDA) from that date onwards.

Ans. Yes. Contact to our representatives for this.

Ans. No. we require hard copy for make any change in your account.

Ans. Transmission is the process by which securities of a deceased account holder are transferred to the account of his legal heirs / nominee.

We ensure that our valued customers are completely satisfied and meet all market related needs.

Feel free to call us: Monday to Friday from 9 am to 6 pm and on Saturdays from 9.30 am to 5.30 pm. Or write to us customercare@elitestock.com.