Kavya TKnowledge Contributor
Is it mandatory to provide income proof documents to activate a commodity trading account?
Is it mandatory to provide income proof documents to activate a commodity trading account?
Yes, commodity trading is classified as derivatives trading. Per SEBI guidelines, if you wish to conduct derivatives trading, you must submit your income proof documents. The list of valid income proof documents include
A copy of your Bank Account Statement for the last 3 months
A copy of your DEMAT account holding statement
A copy of Form 16
Latest Salary Slip
Copy of duly filed Tax Returns
Net Worth Certificate
Copy of Annual Accounts.