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Versions | Form popularity | Fillable & printable |
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2011 | 4.5 Satisfied (56 Votes) |
The document serves as a declaration by the sole proprietor to authorize the opening of a trading account.
It allows for the mapping of a beneficiary account with a Depository Participant, which is essential for trading operations.
The form acknowledges that regulations prohibit opening a beneficiary account in the name of a sole proprietorship firm.
The sole proprietor accepts responsibility for all share transactions conducted through the specified beneficiary account.
The form must be signed by the sole proprietor, confirming their agreement and understanding of the terms outlined.
A seal from the firm is required on the document to validate its authenticity and formalize the declaration.