Union Bank of India CDSL demat AC NON INDIVIDUAL ACCOUNT

Union Bank of India CDSL demat AC NON INDIVIDUAL ACCOUNT OPENING

Union Bank of India CDSL demat AC NON INDIVIDUAL ACCOUNT OPENING FORM DOWNLOAD

Here are the key points from the provided Union Bank of India Depository Services Non-Individual Account Opening Form for a CDSL Demat Account:

Text Formatting: The form must be completed in English and BLOCK letters using black ink (cdsl-aof-f… pp. 5, 9).
Dates: All calendar entries must follow the DD-MM-YYYY format (cdsl-aof-f… pp. 7, 9).
Signatures: Standard signatures should be executed in blue ink (cdsl-aof-f… p. 2). Non-English/Hindi signatures or thumb impressions require an official seal and attestation by a Magistrate, Notary Public, or Special Executive Magistrate (cdsl-aof-f… p. 2).

Entity Types Covered: This variant accommodates corporate structures, Hindu Undivided Families (HUF), Association of Persons (AOP), Partnership Firms, and Unregistered Trusts (cdsl-aof-f… p. 11).
Dual Naming Requirement: While the Demat account technically opens under the names of the individual natural persons/trustees, the official name of the Firm, AOP, Partnership, or Trust must be explicitly declared on the form (cdsl-aof-f… p. 11).
Authorized Representatives: Corporate and legal entities must furnish a dedicated list of authorized officials who are legally permitted to interact with the Depository Participant (DP) on the organization’s behalf (cdsl-aof-f… p. 20).

Photographs & Signatures: Separate annexures must be attached to capture additional corporate or partner signatures alongside passport-sized photographs of each holder (cdsl-aof-f… p. 2).
Power of Attorney (PoA): If the application is executed via a Power of Attorney, a certified copy of the PoA legal document must be submitted concurrently (cdsl-aof-f… p. 2).
Core Proofs: Requires self-attested copies of entity-linked identity and address proofs, alongside a cancelled cheque or bank passbook displaying the entity’s MICR code (cdsl-aof-f… pp. 2, 12).

Setup & Closure: Account initiation and formal closure are entirely free (cdsl-aof-f… p. 21).
Annual Maintenance Charges (AMC): Free for the first year across all non-individual types (cdsl-aof-f… p. 21). From the second year onwards, the recurring fees split by entity:
- HUF Accounts: ₹1,000 + GST annually (same rate with or without an active trading account) (cdsl-aof-f… p. 21).
- Corporate Accounts: ₹1,500 + GST annually (same rate with or without an active trading account) (cdsl-aof-f… p. 21).
Transaction (Sell) Charges: Corporations are billed 0.04% of the total transaction value (Minimum ₹30, Maximum ₹1,500 per ISIN debit instruction) (cdsl-aof-f… p. 21). Late submissions attract a standard ₹10 penalty per ISIN (cdsl-aof-f… p. 21). Digital portal usage (Speed-e/easiest) reduces transaction charges to 0.02% (Minimum ₹50, Maximum ₹1,500) (cdsl-aof-f… p. 21).
Pledging Charges: 0.02% of the transaction value (Minimum ₹100, Maximum ₹2,000) (cdsl-aof-f… p. 22). Alternatively, corporate accounts can opt for an unlimited pledging subscription at ₹25,000 per month (cdsl-aof-f… p. 22).