JS / Personal / Accounts / Current Accounts / Special Convertible

Special Convertible

JS Special Convertible Rupee Account caters to the needs of non-resident investors, who wish to trade freely on the Stock Exchange of Pakistan (Secondary Market).

 

*Conditions apply. To learn more Click Here

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Requirement for Company/Firm Accounts

    • JS Bank account-opening form duly completed and signed by the authorised signatories along with
      company seal/rubber stamp.
    • Specimen signatures of the authorised signatories on the Signature cards duly verified by the
      company secretary.
    • CDC sub-account opening form duly completed and signed by the authorised signatories.
    • Standing instructions on company’s letterhead for debiting and crediting of Special Convertible
      Rupee Account against purchase and sales of shares (as per the formats provided with the set of
      account opening documents).
    • Certified true copies of valid passport of all the directors and authorised signatories. In case of
      Pakistani Passport, please provide copy of NICOP and if the directors and authorised signatories
      are holding foreign passport shouldv be notarized in the country of residence.
    • Board Resolution duly certified by Company secretary for opening of Special Convertible Rupee
      Account, CDC Sub-Accounts.
    • Power of Attorney duly notarised and attested /consularised by Pakistan Embassy in customer’s
      resident country.
    • Fax indemnity duly notarised and attested /consularised by Pakistan Embassy in customer’s
      resident country.
    • Copy of list of directors issued from the Registrar of Companies duly certified by the company
      secretary.
    • Certified copy of Certificate of Incorporation issued by the relevant authorities of resident country
      of the company.
    • Memorandum and Article of Association/by laws/charter/regulations duly certified by the
      company secretary.
    • Certificate for Commencement of Business (if applicable)

In case certificate for Commencement of Business not required as per the local
laws of the resident country of the company; a certificate from the company
secretary duly authorised by the Board, tthat the entity started its business from
certain date, including confirmation that the certificate for Commencement of
Business is not issued/required as per the local laws of the resident country of
the company.

    • Complete KYC details of Company with detailed profile of beneficial owner(s)
    • FATCA Requirement
  • Form W-8BEN-E, Certificate of Status of Beneficial Owner for United States Tax
    Withholding and reporting (Entities).
  • Form W-8BEN, Certificate of Foreign Status of Beneficial Owner for United
    States Tax Withholding and Reporting (Individuals) i.e. Directors of the
    company.
  • Form W-9 (Request for Taxpayer Identification Number and Certification)
    should be submitted, in case the resident status of the company or
    Individual (Director) is established as US National.

Note: The Board Resolution, Power of Attorney, FAX indemnity, List of Directors along with constitutive documents (Certificate of Incorporation, Memorandum and Article of Association, Certificate of Commencement of Business) duly notarised and consularised by the Consul General of Pakistan having jurisdiction over the applicant should be submitted.

Requirement for Individual/Joint Accounts

    • JS Bank account-opening form duly completed and signed by applicant in Section “A”. Name and
      Address of next of kin must be filled and signed in relevant section of account opening form.
    • In case of joint account, section “B” of account-opening form duly filled with proper instructions for
      account operations i.e. either or both along with the signatures.
    • Power of Attorney duly notarised and attested /consularised by Pakistan Embassy in customer’s
      resident country – (If required)
    • Fax indemnity duly notarised and attested /consularised by Pakistan Embassy in customer’s resident
      country.
    • Standing instructions for debiting and crediting of SCRA against purchase and sales of shares on
      behalf of customer.
    • Certified (Notarised) true copies of valid passport / NICOP. In case of diplomat, copy of Diplomatic ID
    • CDC sub-account opening form duly completed and signed.
    • Broker account opening form duly completed and signed.
    • FATCA Requirement
  • Form W-8BEN, Certificate of Foreign Status of Beneficial Owner for United
    States Tax Withholding and Reporting (Individuals)
  • Form W-9 (Request for Taxpayer Identification Number and Certification)
    should be submitted in case the resident status of Individual is established
    as US National.

Note: Power of Attorney, FAX indemnity duly notarised and consularised by the Consul General of Pakistan having jurisdiction over the applicant should be submitted.

Contact Details to Apply for Special
Convertible Rupee Account
Contact person:    Mirza Mohammad Ali
Title:   Unit Head
Contact number:   +92 2135166601 -Ext 202
Cell number:   0300-8211581
Contact email:   [email protected]
Contact person:   Mujtaba Barakzai
Title:   Team Lead
Contact number:   +92 2135166601 -Ext 212
Cell number:   0333-3588936 /03008389366
Contact email:    [email protected]
Contact person:   Marium Alizay Mutahir
Title:   Financial Consultant Manager
Contact number:   +92 2135166601 Ext- 217
Cell number:   0336-1851386
Contact email:   [email protected]