Short answer

The following documents are required to change the director, partner, or authorised signatory in a corporate, partnership, or Limited liability partnership (LLP) accounts:

Table of contents

Corporate

The table below shows the documents required to change the director in a corporate account:

Account modification form (PDF):

Details: Change of director or authorised signatory.

Type of change: Modification.

Existing details: Signature of the current director or authorised signatory.

New details: Signature of the new director or authorised signatory.

Signature of the new director or authorised signatory in the F box.

Non-individual KYC form (PDF) with the new director’s or authorised signatory’s seal and signature.

Annexure A (PDF) on the company letterhead with the director’s or authorised signatory’s seal and signature.

Form 32 or DIR 12 of the new director.

An individual KYC form (PDF), signed by the new director or authorised signatory without the stamp on the individual KYC form and supporting documents. If the KYC of the director or authorised signatory is registered, the form and documents are not required.

A self-attested PAN copy of the new director or authorised signatory.

An additional self-attested PAN copy of the new director or authorised signatory with the company seal.

A self-attested address proof copy of the new director or authorised signatory.

An additional self-attested address proof copy of the new director or authorised signatory with the company seal. If an Aadhaar is being submitted as proof, ensure a masked Aadhaar is submitted.

A copy of the balance sheet of the latest two financial years with the company seal and the director’s or authorised signatory’s signature.

A copy of the Ultimate Beneficial Owner (UBO) annexure (PDF) with signature on the 3rd page if the new director, authorised signatory or shareholder has a shareholding, capital or profits of 10% or more in the company.

A copy of the Minutes of the Meeting for appointing a new director or authorised signatory.

List of directors (PDF) on the company letterhead with the signature of the director or authorised signatory and the company seal.

The latest shareholding pattern (PDF) on the company letterhead with the whole-time director’s or individual promoters’ signature and the company seal.

Board resolution on the company letterhead with the director’s or authorised signatory’s signature and the company seal.

Ministry of Corporate Affairs (MCA) copy with the director’s or authorised signatory’s signature and the company seal.

Partnership

The table below shows the documents required to change the partner in a partnership account:

Account modification form (PDF):

Details: Change of director or authorised signatory.

Type of change: Modification.

Existing details: Signature of the current director or authorised signatory.

New details: Signature of the new director or authorised signatory.

Signature of the new director or authorised signatory in the F box.

Non-individual KYC form (PDF) with the new partner’s or authorised signatory’s seal and signature.

Annexure A (PDF) on the firm letterhead with the partner ‘s or authorised signatory’s seal and signature.

Latest partnership deed

Latest partnership deed with the partner’s or the authorised signatory’s signature and the firm seal.

An individual KYC form (PDF), signed by the new partner or authorised signatory without the stamp on the individual KYC form and supporting documents. If the KYC of the partner or authorised signatory is registered, the form and documents are not required.

A self-attested PAN copy of the new partner or authorised signatory.

An additional self-attested PAN copy of the new partner or authorised signatory with the firm seal.

A self-attested address proof copy of the new partner or authorised signatory.

An additional self-attested address proof copy of the new partner or authorised signatory with the company seal. If an Aadhaar is being submitted as proof, ensure a masked Aadhaar is submitted.

A copy of the balance sheet of the latest two financial years with the firm seal and the partner’s or authorised signatory’s signature.

A copy of the Ultimate Beneficial Owner (UBO) annexure (PDF) with signature on the 3rd page if the new partner, authorised signatory or shareholder has a shareholding, capital or profits of 15% or more in the firm.

Annexure 4 (PDF) on the firm letterhead with the partner’s or authorised signatory’s signature and the firm seal.

Authority letter (PDF) on the firm letterhead with the partner’s or authorised signatory’s signature and the firm seal.

Account closure form (PDF) with the existing partner’s or authorised signatory’s signature and the firm seal.

Non-individual demat application form (PDF) to open the new demat account.

Limited liability partnership (LLP)

The table below shows the documents required to change the partner in an LLP account:

Account modification form (PDF):

Details: Change of director or authorised signatory.

Type of change: Modification.

Existing details: Signature of the current director or authorised signatory.

New details: Signature of the new director or authorised signatory.

Signature of the new director or authorised signatory in the F box.

Non-individual KYC form (PDF) with the new partner’s or authorised signatory’s seal and signature.

Annexure A (PDF) on the firm letterhead with the partner ‘s or authorised signatory’s seal and signature.

Latest LLP agreement with the partner’s or the authorised signatory’s signature and the LLP seal.

An individual KYC form (PDF), signed by the new partner or authorised signatory without the stamp on the individual KYC form and supporting documents. If the KYC of the partner or authorised signatory is registered, the form and documents are not required.

A self-attested PAN copy of the new partner or authorised signatory.

An additional self-attested PAN copy of the new partner or authorised signatory with the firm seal.

A self-attested address proof copy of the new partner or authorised signatory.

An additional self-attested address proof copy of the new partner or authorised signatory with the company seal. If an Aadhaar is being submitted as proof, ensure a masked Aadhaar is submitted.

A copy of the balance sheet of the latest two financial years with the LLP seal and the partner’s or authorised signatory’s signature.

A copy of the Ultimate Beneficial Owner (UBO) annexure (PDF) with signature on the 3rd page if the new partner, authorised signatory or shareholder has a shareholding, capital or profits of 15% or more in the LLP.

The latest shareholding pattern (PDF) on the LLP letterhead with the whole-time partner’s or individual promoters’ signature and the LLP seal.

Board resolution on the LLP letterhead with the partner’s or authorised signatory’s signature and the LLP seal.

Ministry of Corporate Affairs (MCA) copy with the partner’s or authorised signatory’s signature and the LLP seal.

Submission process

Email soft copies of all forms to support@arrow.trade for review.

Make corrections if requested.

Courier documents to:

iRage Customer Support Centre 192A 4th Floor, Kalyani Vista, 3rd Main Road, JP Nagar 4th Phase, Bengaluru, 560076

Processing time: New director, partner, or authorised signatory will be updated within 48 working hours after verification

Modification charges: ₹25 + 18% GST

Broker details

iRage Broking Services LLP (SEBI registration INZ000011262), product name Arrow. Registered office: Gift City, Gandhinagar.