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Q.

Does the law in india permits an individual to have more than one trading account with one dmat account? Is there any formalities have to be performed to have two or more trading account with different brokers?

Tags: money, politics & government, law & legal
Asked by Prasannakumar, 16 Feb '13 02:09 pm
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Answers (1)

1.

Yes. An investor can open more than one account in the same name with the same DP and also with different DPs. For all the accounts, investor has to strictly comply with KYC norms including Proof of Identity, Proof of Address requirements as stipulated by SEBI and also provide PAN number. The investor has to show the original PAN card at the time of opening of demat account.
Answered by Psycho, 16 Feb '13 02:11 pm

 
  
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