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How to complete the KYC procedure for Corporate Accounts?

By August 1, 2022August 10th, 20225 minute read

Dear Tribe!

We are elated to be a part of your crypto journey. Please be assured that we at WazirX are here for you if you need any assistance. In case you have any concerns, after reading our guides, you can always reach out to us here.

WazirX Guides

Completing the KYC Process as a Corporate

Step 1

  1. Sign up into your WazirX account

Mobile:

I. Go to User settings from the top left button.

II. Click on the “Verify your KYC” section.

Web: 

Similarly, click on Verify your KYC in settings.

Step 2

  1. Select “Company” from the drop-down under “Type of KYC”

Step 3

  1. Select the “Sub type of KYC” from the drop-down
  1. Submit the required personal information
  • Corporate Info: Applicable for everyone
    • Name of the Entity: Enter the name of your Company/LLP/Partnership Firm/HUF as it appears on PAN
    • Date of Incorporation: Enter the Date of Incorporation/Formation as it appears on PAN
    • Address: Enter the registered address of your Company/LLP/Partnership Firm/HUF

For Limited Company

Step 4

  • Enter PAN details: This section has to be filled according to the type of KYC selected
  • Limited Company: Enter your Company PAN in the “PAN” section and upload a PNG/ JPEG file of the same

Step 5:

  • Upload the required documents in the Document section according to the sub-KYC type selected
  • Company: Upload a PDF file of the Incorporation Certificate of the Company in the section, enter the Company Identification Number and physically signed Authority Letter authorizing director/s to open and operate an account with WazirX.

Step 6:

Selfie section

  • Company: Upload a selfie of any one Director holding his/her own and the Company’s PAN card

For LLP

Step 4: 

  • Enter PAN details: This section has to be filled according to the type of KYC selected
  • LLP: Enter your LLP PAN in the “PAN” section and upload a PDF/JPEG file of the same

Step 5

  • Upload the required documents in the Document section according to the sub-KYC type selected
  • LLP: Upload a PDF file of the Incorporation Certificate of the LLP in the section and physically signed Authority Letter authorizing partner/s to open and operate an account with WazirX. Enter LLPIN and upload LLP deed along with partner’s PAN.

Step 6

Selfie section

  • LLP: Upload a selfie of any one partner holding his/her own and firm’s PAN card

For Partnership Firms

Step 4

  • Enter PAN details: This section has to be filled according to the type of KYC selected
  • Partnership: Enter your Partnership firm PAN in the “PAN” section and upload a PDF/JPEG file of the same

Step 5

  • Upload the required documents in the Document section according to the sub-KYC type selected
  • Partnership: Upload the Registration Certificate issued by the Registrar of Firms in the section and physically signed Authority Letter authorizing partner/s to open and operate an account with WazirX. Further, upload your GST registration/Udyog Aadhar/ Udyam Aadhar/IEC/other certificates in the section.

Step 6

Selfie section

  • Partnership: Upload a selfie of any one partner holding his/her own and firm’s PAN card 

For HUF

Step 4: 

  • Enter PAN details: This section has to be filled according to the type of KYC selected
  • HUF: Enter your HUF firm’s PAN in the “PAN” section and upload a PDF/JPEG file of the same

Step 5

  • Upload the required documents in the Document section according to the sub-KYC type selected
  • HUF: Upload the physically signed Authority Letter authorizing karta/s to open and operate an account with WazirX. Additionally, upload the PAN of the Karta and enter the Aadhaar number of Karta of HUF. Upload the PDF of the Aadhar in the section and upload a copy of the canceled cheque of the HUF bank account.

Step 6

Selfie section

  • HUF: Upload a selfie of Karta of HUF holding their individual PAN and HUF PAN card

Step 7

  1. Click on “Submit for verification”

Step 8

  1. Email us at [email protected] as soon as you’ve completed the signup process and submitted all the documents. The email should include:
    1. Required for everyone: Share the email address that you’ll use to register an account on WazirX with us at [email protected]
    2. Required for everyone: Share a video KYC of the authorized person/ Director/ Partner/Karta (as per the Authority letter) holding the Company/Firm/ HUF’s PAN and own PAN one by one. The details of the ID should be clearly readable. The Director has to read out the following text in the video :
      1. “I <Name> having PAN No <>, recording this video on <today’s date> for KYC verification of my Corporate account of <Company/ Firm/ HUF name> having PAN number <Company/ Firm/ HUF PAN>  on WazirX cryptocurrency exchange. Registered email address of my Company/ Firm/ HUF is <Email ID>. Me and my Company/ Firm/ HUF will be fully responsible and sole owner of all the trades, deposits, and withdrawals on this WazirX account.”
    3. Required for Partnership
      1. Partnership deed
      2. Copy of PAN and Aadhaar of all partners
      3. Copy of canceled cheque having the name of the firm on the cheque
      4. PDF file of a signed authority letter authorizing the partners to open and operate an account with WazirX
    4. Required for HUF
      1. Copy of PAN Card of Karta
      2. Copy of canceled cheque having the name of HUF

We’ll approve your KYC if the documents match the criteria. Kindly note that approval is subjective to the submission of required documents accordingly. The team will contact you if any other documents are required. 

Our team completes the KYC verification within minutes. However, it can take up to 3 business days in some instances. Once the verification is complete, you can start your corporate crypto journey on WazirX. 

Happy Trading!!

Disclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.
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