Document Requirements


Documentation and Web Compliance has to be fulfilled to activate payment services. No commercial relationship with MARGPAY. is possible without legal documents. Please find the list of documents required as per Business entity for accepting payments with MARGPAY.


List of documents

1. Company Proof:

Use any one of the following documents

  1. Registration Proof
  2. Shop Establishment Act Certificate
  3. Regional State Registration certificate
  4. Municipal Corporation Department Certificate/License
  5. GST Certificate
  6. Utility Bill (Max. 2 months Old) (Eg: Electricity Bill, Water Bill, Telecom Bill)

Verify:

  • Registration Certificate / Business Proof should be in the name of the firm and should include the registered address.


2. PAN Card of Proprietor:

Copy of PAN card is required

Verify:
  1. Name associated with the PAN should match with “Proprietor’s Name”
  2. Image of Pan Card should be clear.

3. Bank Account Details:

Cancelled Cheque / Bank Attested Letter, Bank Passbook, Account statement signed and stamped by Bank.

Verify:

  • Business Name / Proprietor name and Account number and IFSC code should be printed on cheque/Bank passbook/ account statement. If not, then the bank Attested Letter is required on the letterhead of the company. (Click Here to download the format)


4. GST Document:

GST Certificate or Declaration of GST Non- Enrollment (Click Here to download Declaration template)

Verify:
  1. GSTIN should be clearly visible
  2. Company / Trade name and business address should be visible
  3. Trade Name should match with Registered Business Name and legal name should match with Name of Proprietor
  4. Declaration should be on company's letter-head with authorized signatory's sign and company's stamp

5. KYC of the Authorized Signatory:

Use any one of the following documents

  1. Driving License
  2. Passport
  3. Aadhaar Card
  4. Voter ID Card
  5. Nrega Card

Verify:
  1. Both front and back of address proof are mandatory
  2. Address proof should be in the name of Proprietor

6. Shop’s front Photo & LOB declaration:
  1. In case you are opting for Solutions for Your Retail Store, we additionally require Shop’s Front photograph capturing shop hoarding.
  2. In case shop photo uploaded do not clearly depict the Line of business, LOB declaration is required. (Click Here to download Declaration template)
Verify:
  1. Shop’s Front Photo should be clearly visible with a display board on it.
  2. LOB should be clearly visible in shop photo.
  3. Mentioned business name on LOB Declaration should match with the business name mentioned in company proof document.
  4. Signed & Stamped by the Proprietor
  5. Date should be mentioned

Standard guidelines to be followed for every document:
  1. Documents uploaded should be clear and valid
  2. Documents should be less than 2 MB in size
  3. Supported format of documents are jpg, png, PDF
  4. Photo should be taken from front and information should be clearly visible
  5. Documents should not be handwritten

Please refer the sample images for reference

List of documents

1. Company Proof:

Partnership Deed/ LLP Deed

Verify:

  • Deed should include the Legal name of the company, company address, name of all partners.
  • It should be stamped and signed by all Partners.


2. PAN Card of Proprietor:

Copy of PAN card is required

Verify:
  1. Name associated with the PAN should match with “Business Name”
  2. Image of Pan Card should be clear.

3. Bank Account Details:

Cancelled Cheque / Bank Attested Letter, Bank Passbook, Account statement signed and stamped by Bank.

Verify:

  • Business Name and Account number and IFSC code should be printed on cheque/Bank passbook/ account statement. If not, then bank Attested Letter is required on letter head of company. (Click Here to download the format)


4. GST Document:

GST Certificate or Declaration of GST Non- Enrollment (Click Here to download Declaration template)

Verify:
  1. GSTIN should be clearly visible
  2. Company / Trade name and business address should be visible
  3. Trade Name should match with Registered Business Name
  4. Declaration should be on company's letter-head with authorized signatory's sign and company's stamp

5. KYC of the Authorized Signatory:

Use any one of the following documents

  1. Driving License
  2. Passport
  3. Aadhaar Card
  4. Voter ID Card
  5. Nrega Card

Verify:
  1. Both front and back of address proof are mandatory
  2. Address proof should be in the name of Proprietor

6. Declaration of Authorized Signatory:

(Click Here to download the format)

Verify:

  • Declaration should be on Company Letter.
  • Should be stamped and signed by two Partners.


7. Shop front Photo & LOB declaration:
  1. In case you are opting for Solutions for Your Retail Store, we additionally require Shop Front photograph capturing shop hoarding.
  2. In case shop photo uploaded do not clearly depict the Line of business, LOB declaration is required. (Click Here to download Declaration template)
Checks for Shop front Photo:
  1. Shop’s Front Photo should be clearly visible with a display board on it.
  2. LOB should be clearly visible in shop photo.
Checks for LOB declaration:
  1. Mentioned business name on LOB Declaration should match with the business name mentioned in company proof document.
  2. Signed & Stamped by the Proprietor
  3. Date should be mentioned

Standard guidelines to be followed for every document:
  1. Documents uploaded should be clear and valid
  2. Documents should be less than 2 MB in size
  3. Supported format of documents are jpg, png, PDF
  4. Photo should be taken from front and information should be clearly visible
  5. Documents should not be handwritten

Please refer the sample images for reference

List of documents

1. Company Proof:

Trust Deed or Society Bye Laws

  1. Society Bye Laws / Trust Deed should include legal name and address.
  2. It should be signed and stamped by authorized signatory.


2. PAN Card of Company:

Copy of PAN card is required

Verify:
  1. Name associated with the PAN should match with “Business Name”
  2. Image of Pan Card should be clear.

3. Bank Account Details:

Cancelled Cheque / Bank Attested Letter, Bank Passbook, Account statement signed and stamped by Bank.

Verify:

  • Business Name and Account number and IFSC Code should be printed on cheque/ Bank passbook/ account statement. If not, then bank Attested Letter is required on letter head of company. (Click Here to download the format)


4. GST Document:

GST Certificate or Declaration of GST Non- Enrollment (Click Here to download Declaration template)

Verify:
  1. GSTIN should be clearly visible
  2. Company / Trade name and business address should be visible
  3. Trade Name should match with Registered Business Name
  4. Declaration should be on company's letter-head with authorized signatory's sign and company's stamp

5. Declaration of Authorized Signatory:

(Click Here to download the format)

Verify:
  1. Declaration should be on Company Letter.
  2. Should be stamped and signed by two Directors or Company Secretary.

6. KYC of the Authorized Signatory:

Use any one of the following documents

  1. Driving License
  2. Passport
  3. Aadhaar Card
  4. Voter ID Card
  5. Nrega Card

Verify:
  1. Both front and back of address proof are mandatory
  2. Address proof should be in the name of Proprietor

7. Shop front Photo & LOB declaration:
  1. In case you are opting for Solutions for Your Retail Store, we additionally require Shop Front photograph capturing shop hoarding.
  2. In case shop photo uploaded do not clearly depict the Line of business, LOB declaration is required. (Click Here to download Declaration template)
Checks for Shop front Photo:
  1. Shop Front Photo should be clearly visible with a display board/ Sun pack on it.
  2. LOB should be clearly visible in shop photo.
Checks for LOB declaration:
  1. Mentioned business name on LOB Declaration should match with business name mentioned in RC document.
  2. Signed & Stamped by authorized signatory.
  3. Date should be mentioned

Standard guidelines to be followed for every document:
  1. Documents uploaded should be clear and valid
  2. Documents should be less than 2 MB in size
  3. Supported format of documents are jpg, png, PDF
  4. Photo should be taken from front and information should be clearly visible
  5. Documents should not be handwritten

Please refer the sample images for reference

List of documents

1. Company Proof:

Use any one of the following documents

  1. Registration Proof
  2. Shop Establishment Act Certificate
  3. Regional State Registration certificate
  4. Municipal Corporation Department Certificate/License
  5. GST Certificate
  6. Utility Bill (Max. 2 months Old) (Eg: Electricity Bill, Water Bill, Telecom Bill)

Verify:

  • Registration Certificate / Business Proof should be in the name of the firm and should include the registered address.


2. PAN Card of Proprietor:

Copy of PAN card is required

Verify:
  1. Name associated with the PAN should match with “Proprietor’s Name”
  2. Image of Pan Card should be clear.

3. Bank Account Details:

Cancelled Cheque / Bank Attested Letter, Bank Passbook, Account statement signed and stamped by Bank.

Verify:

  • Business Name / Proprietor name and Account number and IFSC code should be printed on cheque/Bank passbook/ account statement. If not, then the bank Attested Letter is required on the letterhead of the company. (Click Here to download the format)


4. GST Document:

GST Certificate or Declaration of GST Non- Enrollment (Click Here to download Declaration template)

Verify:
  1. GSTIN should be clearly visible
  2. Company / Trade name and business address should be visible
  3. Trade Name should match with Registered Business Name and legal name should match with Name of Proprietor
  4. Declaration should be on company's letter-head with authorized signatory's sign and company's stamp

5. KYC of the Authorized Signatory:

Use any one of the following documents

  1. Driving License
  2. Passport
  3. Aadhaar Card
  4. Voter ID Card
  5. Nrega Card

Verify:
  1. Both front and back of address proof are mandatory
  2. Address proof should be in the name of Proprietor

6. Shop’s front Photo & LOB declaration:
  1. In case you are opting for Solutions for Your Retail Store, we additionally require Shop Front photograph capturing shop hoarding.
  2. In case shop photo uploaded do not clearly depict the Line of business, LOB declaration is required. (Click Here to download Declaration template)
Checks for Shop front Photo:
  1. Shop Front Photo should be clearly visible with a display board/ Sun pack on it.
  2. LOB should be clearly visible in shop photo.
Checks for LOB declaration:
  1. Mentioned business name on LOB Declaration should match with business name mentioned in RC document.
  2. Signed & Stamped by authorized signatory.
  3. Date should be mentioned

Standard guidelines to be followed for every document:
  1. Documents uploaded should be clear and valid
  2. Documents should be less than 2 MB in size
  3. Supported format of documents are jpg, png, PDF
  4. Photo should be taken from front and information should be clearly visible
  5. Documents should not be handwritten

Please refer the sample images for reference

List of documents

1. Company Proof:

HUF Deed/Registration Certificate

Verify:

  • Deed should include the Legal name of the company & address
  • It should be on stamp paper stating names of karta & co-parceners(members)


2. PAN Card of Company:

Copy of PAN card is required

Verify:
  1. HUF should be mentioned on pan card or HUF should be identified from Pan number.
  2. Image of Pan Card should be clear.

3. Bank Account Details:

Cancelled Cheque / Bank Attested Letter, Bank Passbook, Account statement signed and stamped by Bank.

Verify:

  • Business Name/HUF Name and Account number and IFSC Code should be printed on cheque/ Bank Passbook, Account statement. If not, then bank Attested Letter is required on letter head of company. (Click Here to download the format)


4. GST Document:

GST Certificate or Declaration of GST Non- Enrollment (Click Here to download Declaration template)

Verify:
  1. Enrollment number / GSTIN should be clearly visible
  2. Company / Trade name and business address should be visible
  3. Trade Name should match with Registered Business Name
  4. Declaration should be on company's letter-head with authorized signatory's sign and company's stamp

5. Declaration of Authorized Signatory:

(Click Here to download the format)

Verify:
  1. Declaration should be on Company Letter.
  2. Should be stamped and signed by Karta & any coparceners

6. KYC of the Authorized Signatory:

Use any one of the following documents

  1. Driving License
  2. Passport
  3. Aadhaar Card
  4. Voter ID Card
  5. Nrega Card

Verify:
  1. Both front and back of address proof are mandatory
  2. Address proof should be in the name of Proprietor

7. Shop front Photo & LOB declaration:
  1. In case you are opting for Solutions for Your Retail Store, we additionally require Shop Front photograph capturing shop hoarding.
  2. In case shop photo uploaded do not clearly depict the Line of business, LOB declaration is required. (Click Here to download Declaration template)
Checks for Shop front Photo:
  1. Shop Front Photo should be clearly visible with a display board/ Sun pack on it.
  2. LOB should be clearly visible in shop photo.
Checks for LOB declaration:
  1. Mentioned business name on LOB Declaration should match with business name mentioned in RC document.
  2. Signed & Stamped by authorized signatory.
  3. Date should be mentioned

Standard guidelines to be followed for every document:
  1. Documents uploaded should be clear and valid
  2. Documents should be less than 2 MB in size
  3. Supported format of documents are jpg, png, PDF
  4. Photo should be taken from front and information should be clearly visible
  5. Documents should not be handwritten

Please refer the sample images for reference