Sharekhan NRI

VERSION 11.
2
NRI
1
*In respect of other clients, documents as per risk management policy of the stock broker need to be provided by the client from time to time.
2. Copy of cancelled cheque leaf/ pass book/bank statement specifying name of the constituent, MICR Code or/and IFSC Code of the bank should be
submitted.
3. Demat master or recent holding statement issued by DP bearing name of the client.
4. In case of non-resident clients, employees at the stock broker's local office, overseas can do in-person' verification. Further, considering the
infeasibility of carrying out 'In-person' verification of the non-resident clients by the stock broker's staff, attestation of KYC documents by Notary
Public, Court, Magistrate, Judge, Local Banker, Indian Embassy / Consulate General in the country where the client resides may be permitted.
5. In case of NRIs, authorized officials of overseas branches of Scheduled Commercial Banks registered in India, Notary Public, Court Magistrate, Judge,
Indian Embassy/Consulate General in the country where the client resides are permitted to attest the documents.
INSTRUCTIONS/CHECK LIST FOR FILLING KYC FORM
A. IMPORTANT POINTS:

1 Self attested copy of PAN card is mandatory for all clients, including
Promoters/Partners/Karta/Trustees and whole time directors and
persons authorized to deal in securities on behalf of
company/firm/others.
2. Copies of all the documents submitted by the applicant should be self-
attested and accompanied by originals for verification.
In case the original of any document is not produced for verification,
then copies should be properly attested by entities authorised for
attesting the documents, as per the below mentioned list.
3. If any proof of identity or address is in a foreign language, then
translation into English is required.
4. Name & address of the applicant mentioned on the KYC form, should
match with the documentary proof submitted.
5. If correspondence & permanent address are different, then proofs for
both have to be submitted.
6. Sole proprietor must make the application in his individual name &
capacity.
7. For non-residents and foreign nationals, (allowed to trade subject to
RBI and FEMA guidelines), copy of passport/PIO Card/OCI Card and
overseas address proof is mandatory.
8. For foreign entities, CIN is optional; and in the absence of DIN no. for the
directors, their passport copy should be given.
9. In case of Merchant Navy NRI's, Mariner's declaration or certified copy
of CDC (Continuous Discharge Certificate) is to be submitted.
10.For opening an account with Depository participant or Mutual Fund, for
a minor, photocopy of the School Leaving Certificate/Mark sheet issued
by Higher Secondary Board/Passport of Minor/Birth Certificate must
be provided.
11.Politically Exposed Persons (PEP) are defined as individuals who are or
have been entrusted with prominent public functions in a foreign
country, e.g., Heads of States or of Governments, senior politicians,
senior Government/judicial/ military officers, senior executives of state
owned corporations, important political party officials, etc.
B. Proof of Identity (POI): - List of documents admissible as Proof of
Identity:
1. Unique Identification Number (UID) (Aadhaar)/ Passport/ Voter ID
card/ Driving license.
2. PAN card with photograph.
3. Identity card/ document with applicant's Photo, issued by any of the
following: Central/State Government and its Depar tments,
Statutory/Regulatory Authorities, Public Sector Under takings,
Scheduled Commercial Banks, Public Financial Institutions, Colleges
affiliated to Universities, Professional Bodies such as ICAI, ICWAI, ICSI,
Bar Council etc., to their Members; and Credit cards/Debit cards issued
by Banks.
C. Proof of Address (POA): - List of documents admissible as Proof of
Address: (*Documents having an expiry date should be valid on the
date of submission.)
1. Passport / Voters Identity Card / Ration Card / Aadhar Card / Registered
Lease or Sale Agreement of Residence / Driving License / Flat
Maintenance bill / Insurance Copy.
2. Utility bills like Telephone Bill (only land line), Electricity bill or Gas bill -
Not more than 3 months old.
3. Bank Account Statement/Passbook -- Not more than 3 months old.
4. Self-declaration by High Court and Supreme Court judges, giving the
new address in respect of their own accounts.
5. POA issued by any of the following: Bank Managers of Scheduled
Commercial Banks/Scheduled Co-Operative Bank/Multinational
Foreign Banks/Gazetted Officer/Notarypublic/Elected representatives
to the Legislative Assembly/Parliament/Documents issued by any Govt.
or Statutory Authority.
6. Identity card/document with address, issued by any of the following:
Central/State Government and its Departments, Statutory/Regulatory
Authorities, Public Sector Undertakings, Scheduled Commercial Banks,
Public Financial Institutions, Colleges affiliated to Universities and
Professional Bodies such as ICAI, ICWAI, ICSI, Bar Council etc., to their
Members.
7. For FII/sub account, Power of Attorney given by FII/sub-account to the
Custodians (which are duly notarized and/or apostiled or consularised)
that gives the registered address should be taken.
8. The proof of address in the name of the spouse may be accepted.
D. Exemptions/clarifications to PAN (*Sufficient documentary evidence in
support of such claims to be collected.)
1. In case of transactions undertaken on behalf of Central Government
and/or State Government and by officials appointed by Courts e.g.
Official liquidator, Court receiver etc.
2. Investors residing in the state of Sikkim.
3. UN entities/multilateral agencies exempt from paying taxes/filing tax
returns in India.
4. SIP of Mutual Funds upto Rs 50, 000/- p.a.
5. In case of institutional clients, namely, FIIs, MFs, VCFs, FVCIs, Scheduled
Commercial Banks, Multilateral and Bilateral Development Financial
Institutions, State Industrial Development Corporations, Insurance
Companies registered with IRDA and Public Financial Institution as
defined under section 4A of the Companies Act, 1956, Custodians shall
verify the PAN card details with the original PAN card and provide duly
certified copies of such verified PAN details to the intermediary.
E. List of people authorised to attest the documents: Notary Public,
Gazetted Officer, Manager of a Scheduled Commercial/Co-operative
bank or Multinational Bank (Name, Designation & Seal should be affixed
on the copy)
Mandatory
1.INSTRUCTIONS / CHECK LIST
Additional documents in case of trading in derivatives segment-illustrative list:
1. Copy of ITR Acknowledgement
2. Copy of Annual Accounts
3. Copy of Form 16 in case of salary income
4. Net worth Certificate - CA Certified 7. Demat Account Holding Statement along with valuation
5. Salary Slip 8. Any other relevant documents substantiating
6. Bank Statement (For last 6 months) ownership of Assets
NRI - Version 11.2 2
Sr. No Name of the Document
1. Account Opening Form-Checklist and Instructions
2. Know Your Client (KYC) Application Form
3. Account Opening Form for Trading and
Depository
4. Tariff Sheet for Trading Account
5. Tariff Sheet for Demat Account for NRE/ NRO
account.
6. Agreement between Clearing Member and
Consituent (Custodial Participant)
7. Policies and Procedures
8. Rights and Obligations For Trading
9. Rights and Obligations For Depository
Participants and BO
10. Risk Disclosure Document (RDD)
11. Guidance Note
Brief Significance of the Document Page No.
This Instructions Checklist relevant to opening trading & demat account. 1
This Document captures the basic information about the client 4-6
This Document captures the additional information about the clients relevant
trading and depository account 7-14
This Document details the rate/amount of brokerage and other charges
levied on the client for trading on the Stock Exchange(s). 15
Document contains the schedule of demat fee 16 & 17
This document lays down the basic rights of the Clearing Member
and the Constituent 18-20
This Document describes significant policies and procedures of the Stock Broker. 21-23
This Document states the Rights & Obligations of Stock broker / trading
member, sub-broker and client for trading on exchanges (including 24-27
additional rights & obligations in case of internet/ wireless technology
based trading).
This document states the rights and obligation of Beneficial owner and 28-29
Depository Participant to be exercised in respect of demat accounts
This Document details risks associated with dealing in the securities market. 30-32
This Document details dos and donts for trading on exchange, for the
education of the investors. 33
INDEX
12. Consent to receive transaction statement on
e-mail
13. Mandate for maintaining the account on
running account basis
14. Confirmation and Acceptance of Terms and
Conditions governing the services provided
by the Stock Broker
15. Authority Letter
16. Power of Attorney
17. Others
18. Profile Sheet
This Documents Authorizes Sharekhan to send transaction statement on
e-mail for NRE and NRO account. 34
This letter will enable you to maintain your account on a running
account basis. 35
This document states the Terms and Conditions applicable to the
Trading account and demat account. 36-45
This letter confers various rights on Sharekhan for operating trading &
Depository account. 46
Confers specific rights on Sharekhan for operating your Demat account 47-48 &
and for transferring the shares for margin/ pay-in purpose and also
authorises Sharekhan to act based on the instructions given by you. 49-50
Application for the allotment of NRI code and Undertaking for not
deducting tax 51
This enables you to know your interest in the stock market such that
we can serve you better. 52
MANDATORY DOCUMENTS AS PRESCRIBED BY SEBI, DEPOSITORY & EXCHANGES
VOLUNTARY DOCUMENTS AS PROVIDED BY THE STOCK BROKER
NRE - PIS NRE NON - PIS NRO - PIS NRO NON - PIS
Client Code :-
Outlet Name Code
Employee Name
Code
Remisier Name Code
First Step
AMC Account
Referring Employee Name
SHAREKHAN LIMITED
Lodha, i Think Techno Campus, 10th Floor, Beta Building, Off. JVLR,
Opp. Kanjurmarg Railway Station, Kanjurmarg (E), Mumbai - 400 042.
Acknowledgment Slip
Name of 1st Holder Name of 2nd Holder Name of 3rd Holder
Application No.
Executive Name : Executive Sign :
Outlet Name : Outlet Code :
For all queries, please call 1800 22 7500 / 3970 7500 (Local Call Charges) /
022 - 6115 0000 (If you are in Mumbai)
For DP Inquires & Queries email at [email protected] & Broking
Note : Kindly DO NOT handover Cash / Shares to the sales executive for any reason.
Queries email at [email protected]
Date : ____ / ____ / ________
Sharekhan
Seal and Signature
Received Cheque No. _____________ Amount
Received Cheque No. _____________ Amount _____________ Bank Name __________________________________________________
_____________ Bank Name __________________________________________________
NSDL - Version 11.2 2
Client Code :-
Outlet Name Code
Employee Name Code
Remisier Name Code
First Step
AMC Account
Referring Employee Name
Registered Office Address
Mumbai - 400 042, Maharashtra.Tel: 022 - 6115 0000. | Fax No. 6748 1899 | Website: www.sharekhan.com
Correspondence Office Address : Plot No.1012, Devidayal Compound, Kanjur Village Road, Near Crompton & Greaves Ltd. Kanjurmarg (E),
Mumbai 400 042.Tel: 022 - 6128 1700 |Fax: 022 - 66930305 |Website: www.sharekhan.com
Processing Office Address: G-2, Salzburg Square, 107-Harrington Road, Chetpet, Chennai - 600031.
Tel.: 044 - 28362900 /28363160 | Fax : 044 - 28204700
: 10th Floor, Beta Building, Lodha iThink Techno Campus, Off. JVLR, Opp. Kanjurmarg Station, Kanjurmarg (East),
Sharekhan Limited
SEBI Registration No. INB011073351
Date of Registration: 28.12.1999
Sharekhan Limited
SEBI Registration No. INF011073351
Sharekhan Limited
SEBI Registration No. INB231073330
Sharekhan Limited
SEBI Registration No. INF231073330
Sharekhan Limited
SEBI Reg. No. INE231073330
Date of Registration - 25.08.2008
BSE NSE
CASH SEGMENT
F&O SEGMENT
SHAREKHAN LIMITED
Currency
Derivative
Segment
Sharekhan Limited
SEBI Reg. No. INE261073330
MCX-SX
Compliance Officer: Tel. No : 022 - 6115 0000, E-mail ID: [email protected]
CEO Name: Mr. Tarun Shah Tel No. : 022 - 6115 0000, E-mail ID: [email protected]
For any grievance/dispute, please contact Sharekhan Limited at the above address or e-mail at [email protected]/[email protected]
or contact at 1-800-22-7050. In case you are not satisfied with the response, please contact the concerned Exchange(s) at
(1) NSE - [email protected] or contact at 022 26598190
(2) BSE - [email protected] or contact at 022 2272 8097
(3) MCX-SX - [email protected] or contact at 022-6731 8933
Mrs. Namita Goadbole,
,
-
-
COPY OF PAN CARD IS COMPULSORY FOR TRADING & OPENING A DP A/c.
IMPORTANT NOTE

Signature of the First Holder/Client Signature of the Witness
Signature of Second Holder Signature of the Broker/DP/Any other (s)
Signature of the Third Holder
BRANCH STAMP & DATE H O STAMP & DATE
Sharekhan Limited
SEBI Reg. No. INB261073333
Sharekhan Limited
SEBI Reg. No. INF261073333
To,
Sharekhan Limited,
th
10 Floor, Beta Building, Lodha iThink Techno campus, Off. JVLR, Opp. Kanjurmarg Station, Kanjurmarg (E), Mumbai-400 042
Dear Sir,
I hereby acknowledge the receipt of the following documents which are part of client registration form.
1) Rights and obligations of the Stock Brokers, Sub-Brokers and Clients as prescribed by SEBI and Exchanges. 2) Rights and obligations of
Beneficial owner and depository participant (DP) as per SEBI(Depository & Participant) Regulattions,1996. 3) Risk Disclosure Document
for Capital Market and Derivatives Segments 4) Guidance Note-Do's and Don't's for trading on the Exchange (s) for Investors
(1)
First Holder _________________________
Second Holder________________________
Third Holder_________________________
1st Holder Signature ____________________________
2nd Holder Signature ____________________________
3rd Holder Signature ____________________________
Signed for and behalf of Client
(1)
(1)
Residence Address:
Landmark:
City: Pin Code:
State Country:
Specify the proof of address submitted for Correspondence address:
Contact Details : Tel. No. (Off) : Tel. No. (Resi) :
Fax No: Mobile No.:
Email ID:
Permanent Address (If different from above. Mandatory for Non-Resident Applicant to specify overseas address)
Landmark:
City: Pin Code:
State Country:
Specify the proof of address submitted for Permanent address:
Name of The Applicant:
Name of Father/Husband:
PAN Number: Date of Birth: Gender Male Female
Unique Identification Number (UID)/ Aadhaar, if any: Status: Resident Individual
Marital Status: Single Married Nationality: Indian Other (Please Specify: -)
Specify the proof of identity submitted:
Please affix
your recent
passport size
photograph
S
i
g
n

a
c
r
o
s
s
(2)
C o m p u l s o r y d d m m y y y y
A. IDENTITY DETAILS
(Please fill this form in ENGLISH and in BLOCK LETTERS).
STD Code
As per addres proof
KNOW YOUR CLIENT (KYC) APPLICATION FORM
Registered office address
SHAREKHAN LIMITED
B. ADDRESS DETAILS
STD Code
STD Code
I hereby declare that the details furnished above are true and correct to the best of my knowledge and belief and I undertake to inform you of any
changes therein, immediately. In case any of the above information is found to be false or untrue or misleading or misrepresenting, I am aware that I
may be held liable for it.
C. DECLARATION
FOR OFFICE USE ONLY
Originals verified & Self-Attested Document copies received
Signature of the Authorised Signatory Date
d d m m y y y y Seal/Stamp of intermediary
Date
d d m m y y y y
(3) Signature of the Applicant
4
PTO
SHAREKHAN LTD.
Name of Branch Staff / Sub Broker / Authorised Person : ______________________________________ Staff Code: _____
Designation : ________________________________________________________________________________
Signature of the Staff / Sub-Broker / Authorised Person : ____________________________________________________
Date : _________________________ Place :_______________________________________________________________
This is to certify that I have carried out in-person verification in respect of the client mentioned in the KYC form.
Residence Address:
Landmark:
City: Pin Code:
State Country:
Fax No: Mobile No.:
Email ID:
Permanent Address
Landmark:
City: Pin Code:
State Country:
Please affix
your recent
passport size
photograph
S
i
g
n

a
c
r
o
s
s
(2)
A. IDENTITY DETAILS
STD Code
As per addres proof
SHAREKHAN LIMITED
B. ADDRESS DETAILS
STD Code
STD Code
As per addres proof
C. DECLARATION
FOR OFFICE USE ONLY
Date
d d m m y y y y
5
PTO
SHAREKHAN LTD.
Designation : ________________________________________________________________________________
Date : _________________________ Place :_______________________________________________________________
Residence Address:
Landmark:
City: Pin Code:
State Country:
Fax No: Mobile No.:
Email ID:
Permanent Address
Landmark:
City: Pin Code:
State Country:
Please affix
your recent
passport size
photograph
S
i
g
n

a
c
r
o
s
s
(2)
A. IDENTITY DETAILS
STD Code
As per addres proof
SHAREKHAN LIMITED
B. ADDRESS DETAILS
STD Code
STD Code
As per addres proof
C. DECLARATION
FOR OFFICE USE ONLY
Date
d d m m y y y y
6
PTO
SHAREKHAN LTD.
Designation : ________________________________________________________________________________
Date : _________________________ Place :_______________________________________________________________
A. TYPE OF ACCOUNT
ACCOUNT OPENING FORM FOR TRADING & DEPOSITORY
10th Floor, Beta Building, Lodha iThink Techno Campus, Off. JVLR, Opp. Kanjurmarg Station,
Kanjurmarg (East), Mumbai - 400 042. Tel: 022 - 6115 0000.
DP ID : IN 300513
NRI - Repatriable Foreign National Others (please specify) ______________________________________________
(BSE/NSE) - CASH/DERIVATIVES/-NSDL
ONLINE OFFLINE
Client - ID (to be filled by D. P.) Client Code/S2K ID :
D. BANK ACCOUNT DETAILS
NRE SAVING BANK A/C NO:
BANK NAME:
BRANCH NAME AND ADDRESS:
MICR NO: IFSC CODE:
NRE PIS BANK A/C N0:
RBI REFERENCE No:
RBI Approval Date:
BANK NAME:
MICR NO: IFSC CODE:
ACCOUNT TYPE : NRE
d d m m y y y y
B. DETAILS OF ACCOUNT HOLDERS
Sole/First Holder/Client
PAN
Second Holder
PAN
Third Holder
PAN
C o m p u l s o r y
C o m p u l s o r y
C o m p u l s o r y
Preferred user ID: (1) (2) (3)
I/We authorise you to receive credits automatically into my/our Account. (If not marked, the default option would be Yes)
C.STANDING INSTRUCTIONS
Yes
Yes
No
No
Account to be operated through power of attorney (POA)
Yes No
SMS Alert facility : (Mandatory if you are giving Power of Attorney (POA), then default option would be Yes if not marked )
Yes No
Second Holder
Third Holder
Yes No
Yes No
1
2
3
I/ We request you to enable my / our depository account with Flag Standing Instruction for Auto Pledge Confirmation.
I/We have read and understood the Securities and Exchange Board of India's guidelines on pledging of shares in
dematerialised form as regulated by SEBI (Depositories and Participants) Regulations 1996.
I/We request you to open a Trading , Depository Account and Both in my/our Name as per the following details
(Please fill all the details in capital letters only) In case of only trading account signature of client (4)
F. OTHER DETAILS - FIRST HOLDER
Occupation Details Business
Professional
Agriculturist Retired
House- Wife
Public Sector Private Sector Govt. Service
If the following is additionally applicable to you. Please tick (3) one or more as applicable:
Politically Exposed Person (PEP) Related to a Politically Exposed Person (PEP) Civil Servant
Bureaucrat Current or Former MP, MLA or MLC Politician Current or Former Head of State
Self Employed
Student NGO
Statutory Body Others (please Specify)
GROSS ANNUAL INCOME DETAILS (Please specify)
5-10 10-25 > 25 <1 1-5
Income Range Per Annum (Rs. in Lakhs) Networth
Amount (Rs.) ______________ As on date
: (Networth should not be older than 1 year)
d d m m y y y y
Any other information _________________________________________________________________________________
OTHER DETAILS - SECOND HOLDER
Professional
House- Wife
Self Employed
Student NGO
5-10 10-25 > 25 <1 1-5
d d m m y y y y
OTHER DETAILS - THIRD HOLDER
Professional
House- Wife
Self Employed
Student NGO
5-10 10-25 > 25 <1 1-5
d d m m y y y y
Name of The Employer/Establishment:
Nature of Business:
Office Address:
City:
Pin Code: State: Country:
Tel. No.: Mobile: Fax:
Website:
I. DETAILS IN CASE OF EMPLOYED/SELF EMPLOYED/BUSINESS/PROFESSIONAL
STD Code STD Code
NAME OF THE NOMINEE
PAN OF NOMINEE DATE OF BIRTH
RELATIONSHIP WITH THE APPLICANT (IF ANY)
ADDRESS OF NOMINEE
Contact Details :%(Off): %(Resi): Fax No:
Mobile No.: Email ID:
CITY: PIN CODE: STATE:
NAME OF GUARDIAN
(IN CASE NOMINEE IS A MINOR)
RELATIONSHIP OF GUARDIAN WITH NOMINEE
ADDRESS OF GUARDIAN
CITY:
PIN CODE: STATE: COUNTRY PAN NO.
I/We wish to make a nomination and do hereby nominate the following person in whom all rights and/or amount payable in respect of securites
held in the Depository by me/us in the said beneficiary owner account and funds in my trading account shall vest in the event of my/our death.
I/ We do not wish to make a nomination.
Photograph
of Nominee
Signature of
Nominee across
Photograph
Photograph of
Guardian
(in case of minor)
Signature of
Guardian across
Photograph
DETAILS OF TWO WITNESSES
1. NAME:
ADDRESS:
2. NAME:
ADDRESS:
SIGNATURE (WITH DATE) OF WITNESS (1)

Signature Of Nominee Signature Of Guardian
d d m m y y y y
STD Code STD Code STD Code
Signature of First Holder /Client Signature of Second Holder Signature of Third Holder
(5) (4) (4)
E. NOMINATION ( Depository A/c only Trading A/c only Both) * PAN Mandatory for Nomination in Trading A/c
(1) Instructions related to nomination, are as below:
(i) The nomination can be made only by individuals holding beneficiary owner
accounts on their own behalf singly or jointly. Non- individuals including society,
trust, body corporate, partnership firm, karta of Hindu Undivided Family, holder of
power of attorney cannot nominate. If the account is held jointly all joint holders will
sign the nomination form.
(ii) A minor can be nominated. In that event, the name and address of the Guardian
of the minor nominee shall be provided by the beneficial owner.
(iii) The Nominee shall not be a trust, society, body corporate, partnership firm, karta
of Hindu Undivided Family or a power of Attorney holder. A non-resident Indian can
be a Nominee, subject to the exchange controls in force, from time to time.
(iv) Nomination in respect of the beneficiary owner account stands rescinded upon
INSTRUCTIONS:
closure of the beneficiary owner account. Similarly, the nomination in respect of
the securities shall stand terminated upon transfer of the securities.
(v) Transfer of securities in favour of a Nominee shall be valid discharge by the
depository and the participant against the legal heir.
(vi) The cancellation of nomination can be made by individuals only holding
beneficiary owner accounts on their own behalf singly or jointly by the same
persons who made the original nomination. Non-individuals including society,
trust, body corporate, partnership firm, karta of Hindu Undivided Family, holder
of power of attorney cannot cancel the nomination. If the beneficiary owner
account is held jointly, all joint holders will sign the cancellation form.
(vii) On cancellation of the nomination, the nomination shall stand rescinded and the
depository shall not be under any obligation to transfer the securities in favour of
the Nominee.
NRE
(To be filled by DP) Nomination Form accepted and registered wide
Registration No. _____________________ dated ______________.
A. TYPE OF ACCOUNT
ACCOUNT OPENING FORM FOR TRADING & DEPOSITORY
10th Floor, Beta Building, Lodha iThink Techno Campus, Off. JVLR, Opp. Kanjurmarg Station,
Kanjurmarg (East), Mumbai - 400 042. Tel: 022 - 6115 0000.
DP ID : IN 300513
NRI - Non Repatriable Foreign National Others (please specify) ______________________________________________
(BSE/NSE) - CASH/DERIVATIVES/-NSDL
ONLINE OFFLINE
Client - ID (to be filled by D. P.) Client Code/S2K ID :
D. BANK ACCOUNT DETAILS
NRO SAVING BANK A/C NO:
BANK NAME:
MICR NO: IFSC CODE:
NRO PIS BANK A/C N0:
RBI REFERENCE No:
RBI Approval Date:
BANK NAME:
MICR NO: IFSC CODE:
ACCOUNT TYPE : NRO
d d m m y y y y
B. DETAILS OF ACCOUNT HOLDERS
PAN
Second Holder
PAN
Third Holder
PAN
C o m p u l s o r y
C o m p u l s o r y
C o m p u l s o r y
Preferred user ID: (1) (2) (3)
I/We authorise you to receive credits automatically into my/our Account. (If not marked, the default option would be Yes)
C.STANDING INSTRUCTIONS
Yes
Yes
No
No
Account to be operated through power of attorney (POA)
Yes No
SMS Alert facility : (Mandatory if you are giving Power of Attorney (POA), then default option would be Yes if not marked )
Yes No
Second Holder
Third Holder
Yes No
Yes No
1
2
3
I/ We request you to enable my / our depository account with Flag Standing Instruction for Auto Pledge Confirmation.
I/We have read and understood the Securities and Exchange Board of India's guidelines on pledging of shares in
dematerialised form as regulated by SEBI (Depositories and Participants) Regulations 1996.
I/We request you to open a Trading , Depository Account and Both in my/our Name as per the following details
(Please fill all the details in capital letters only) In case of only trading account signature of client (6)
F. OTHER DETAILS - FIRST HOLDER
Professional
House- Wife
Self Employed
Student NGO
5-10 10-25 > 25 <1 1-5
d d m m y y y y
OTHER DETAILS - SECOND HOLDER
Professional
House- Wife
Self Employed
Student NGO
5-10 10-25 > 25 <1 1-5
d d m m y y y y
OTHER DETAILS - THIRD HOLDER
Professional
House- Wife
Self Employed
Student NGO
5-10 10-25 > 25 <1 1-5
d d m m y y y y
Name of The Employer/Establishment:
Nature of Business:
Office Address:
City:
Pin Code: State: Country:
Tel. No.: Mobile: Fax:
Website:
I. DETAILS IN CASE OF EMPLOYED/SELF EMPLOYED/BUSINESS/PROFESSIONAL
STD Code STD Code
NRO
NAME OF THE NOMINEE
PAN OF NOMINEE DATE OF BIRTH
RELATIONSHIP WITH THE APPLICANT (IF ANY)
ADDRESS OF NOMINEE
CITY: PIN CODE: STATE:
NAME OF GUARDIAN
(IN CASE NOMINEE IS A MINOR)
RELATIONSHIP OF GUARDIAN WITH NOMINEE
ADDRESS OF GUARDIAN
CITY:
PIN CODE: STATE: COUNTRY PAN NO.
I/We wish to make a nomination and do hereby nominate the following person in whom all rights and/or amount payable in respect of securites
held in the Depository by me/us in the said beneficiary owner account and funds in my trading account shall vest in the event of my/our death.
I/ We do not wish to make a nomination.
Photograph
of Nominee
Signature of
Nominee across
Photograph
Photograph of
Guardian
(in case of minor)
Signature of
Guardian across
Photograph
DETAILS OF TWO WITNESSES
1. NAME:
ADDRESS:
2. NAME:
ADDRESS:

Signature Of Nominee Signature Of Guardian
d d m m y y y y
Signature of First Holder /Client Signature of Second Holder Signature of Third Holder
(7) (5) (5)
E. NOMINATION ( Depository A/c only Trading A/c only Both) * PAN Mandatory for Nomination in Trading A/c
(1) Instructions related to nomination, are as below:
(i) The nomination can be made only by individuals holding beneficiary owner
accounts on their own behalf singly or jointly. Non- individuals including society,
trust, body corporate, partnership firm, karta of Hindu Undivided Family, holder of
power of attorney cannot nominate. If the account is held jointly all joint holders will
sign the nomination form.
(ii) A minor can be nominated. In that event, the name and address of the Guardian
of the minor nominee shall be provided by the beneficial owner.
(iii) The Nominee shall not be a trust, society, body corporate, partnership firm, karta
of Hindu Undivided Family or a power of Attorney holder. A non-resident Indian can
be a Nominee, subject to the exchange controls in force, from time to time.
(iv) Nomination in respect of the beneficiary owner account stands rescinded upon
INSTRUCTIONS:
closure of the beneficiary owner account. Similarly, the nomination in respect of the
securities shall stand terminated upon transfer of the securities.
(v) Transfer of securities in favour of a Nominee shall be valid discharge by the
depository and the participant against the legal heir.
(vi) The cancellation of nomination can be made by individuals only holding
beneficiary owner accounts on their own behalf singly or jointly by the same
persons who made the original nomination. Non-individuals including society,
trust, body corporate, partnership firm, karta of Hindu Undivided Family, holder
of power of attorney cannot cancel the nomination. If the beneficiary owner
account is held jointly, all joint holders will sign the cancellation form.
(vii) On cancellation of the nomination, the nomination shall stand rescinded and the
depository shall not be under any obligation to transfer the securities in favour of
the Nominee.
(To be filled by DP) Nomination Form accepted and registered wide
Registration No. _____________________ dated ______________.
F. DEPOSITORY ACCOUNT DETAILS
(Default for Payout)
Depository Participant Name :
(Through which transactions would be generally routed.)
Depository Name: NSDL CDSL Beneficiary Name:
DP ID : BO ID:
Whether registered with Sub-broker/ Authorised Person, provide the following details :
Name of Sub-broker/ Authorised Person :
Registration Number: NSE BSE
Registered office address:
Tel: Fax: Website: _____________________________
Name of Broker: Name of Sub Broker/AP :
Name of Exchange: Client Code No.:
Whether registered with a ny other Stock Broker / Sub-broker / Authorised Person (If registered with multiple Stock Broker / Sub-broker, provide all details)
H. DEALINGS THROUGH SUB-BROKERS/AUTHORISED PERSON & OTHER STOCK BROKERS
STD Code STD Code
Whether Employee / Agent / Approved user / Authorised Person / Sub Broker of any other *Trading/Clearing Member:
Yes No Name of Member _________________________________ (Pls provide consent letter from such Trading / Clearing Member)
*Member in equity or commodity Exchange/s
Whether Declared Defaulter/debarred/suspended By SEBI / FMC / RBI / ANY Other Recognized Stock Exchange / recognized Commodity
Exchange: Yes No
Whether Broker of any Exchange Yes No Name of Exchange/s_______________ (Pls provide consent letter from such Exchange/s)

Details of disputes/ dues pending from/ to such Stock Broker/ Sub-broker/ Authorised Person: ..................................................................................
G. INVESTMENT/TRADING EXPERIENCE & PREFERENCE
(8) BSE, NSE and Cash
F&O
(8)
Whether you wish to avail of the facility of internet trading / wireless technology : Yes No
Details of any action/ proceedings initiated/ pending / taken by SEBI / Stock Exchange / any other authority for violation of securities law/other
economic offences (including action taken against relatives/ associates): _______________________________________________
Specify your email ID: As per email ID specified in KRA KYC.
* In case of trading in Derivatives it is compulsory to submit proof of Financial Details.
# If, in future you need to trade in any new Segment/Exchange, separate authorisation letter
will be required.
Whether you wish to receive Physical Contract Note Electronic Contract Note (ECN)
No Prior Investment Experience Years in Equities Years In Derivatives Years in other Investment Related Field
Please sign in the relevant boxes where you wish to trade. The segment not chosen should be struck off by the client
Stock Exchanges on which you wish to trade
Copy of ITR Acknowledgement
Copy of Annual Accounts
Copy of Form 16 in case of salary income
Net worth Certificate - CA Certified
Salary Slip
Bank Statement (For last 6 months)
Demat Account Holding Statement along
with valuation
Any other relevant documents
substantiating ownership of Assets
MCX-SX
Name of The Introducer:
Status of the Introducer: Sub-broker/ Remisier/ Authorised Person/ Existing Client/ Director or Employee of Trading Member/ any other
Person (Please Specify) ______________________________
Proof of Identity (POI) : PAN No. Passport No. Driving Licence Voter ID
Residence Address:
Pin Code
Mobile No. / Tel. No. :
Signature:
J. INTRODUCER DETAILS (Optional)
1. I/we hereby declare that the details furnished above are true and correct to the best of my knowledge and belief and I/we undertake to inform
you of any changes therein, immediately. In case of any of the above information is found to be false or untrue or misleading or misrepresenting,
I am/we are aware that I may be held liable for it.
2. I/we confirm having read/been explained & understood the contents of the document on policy & procedures of the Stock Broker & the tariff sheet.
3. I/we further confirm that I have read and understood the contents of the `Rights and Obligations' document(s) and `Risk Disclosure Document'.
I/we do hereby agree to be bound by such provisions as outlined in these documents. I/we have also been informed that the standard set of
documents has been displayed for information on Stock broker's designated website, if any.
4. The Rules and Regulations of the Depository and Depository Participants pertaining to an account which are in force now have been read by me/us
and I/We have understood the same and I/We agree to abide by and to be bound by the rules as are in force form time to time for such accounts.
5. I/we also declare that I/we have complied and will continue to comply with FEMA regulations.
* Point No. 2 & 3 not applicable for second & third holders.
DECLARATION
(9)
FOR OFFICE PURPOSES:
UCC Code allotted to the Client: As mention on page no. 10 & 12 on account opening form
Name of the Branch Staff /
Sub-Broker /Authorised Person
Documents verified with Originals Client Interviewed By In-Person Verification done by
I/ We undertake that we have made the client aware of `Policy and Procedures', tariff sheet and all the non-mandatory documents. I/ We have also
made the client aware of `Rights and Obligations' document(s), RDD and Guidance Note. I/ We have given/ sent him a copy of all the KYC documents.
I/ We undertake that any change in the `Policy and Procedures', tariff sheet and all the non-mandatory documents would be duly intimated to the
clients. I/ We also undertake that any change in the `Rights and Obligations' and RDD would be made available on my/ our website, if any, for the
information of the clients.
Date:_________________________
Staff Code
Designation of the Staff
Date
Signature
Name(s) of holder(s)/client Specimen Signature of holder(s)/client
Second Holder
Third Holder
Date:__________________________ Place:______________________
(1) All communication shall be sent at the address of the Sole/First holder only.
(2) Thumb impressions and signatures other than English or Hindi or any of the other language not contained in the 8th Schedule of the Constitution of India must be attested by a
Magistrate or a Notary Public or a Special Executive Magistrate.
(3) Strike off whichever is not applicable.
INSTRUCTIONS:
(6)
(6)
(Name & Signature
of the Authorised Signatory)
Seal/ Stamp of Sharekhan Limited
Tariff Sheet For Trading Account

(10)
(Signature of the Client)
BROKERAGE STRUCTURE
Cash Market Segment
First Leg
Second Leg (Same day Sq. off)
Delivery Brokerage
Derivatives Segment
First Leg
Same day square off
Next day square off
Futures Segment
(percentage)
Options Segment H
(percentage)
default brokerage
Min. Rupees/
Paisa Per Share
Minimum Brokerage will be 0.01 paisa per share applicable for futures segment
default brokerage
(percentage)
Minimum amount per lot would be applicable as per the details
provided in the policy and procedures.
Delivery Handling Charges (DHC) would be levied on each sale transaction in case if the value of brokerage levied is less than Rs 16/-.
The value of DHC would be difference of Rs 16/- and the brokerage charged.
Expiry charges would be charged as applicable
Statutory cost will be charged as per Exchange / Regulatory Authorities
Trade Tiger access charges applicable from time to time
KYC Registration Agency (KRA) charges will be levied as applicable.
Please refer the details of default brokerage, standard brokerage on option segments and schedule of charges in the Policy and Procedures.
Tariff Sheet For Demat Account

Sharekhan Limited- NSDL (NRE) (IN300513)
Schedule A effective from July 1, 2009
Remarks Scheme (Tc 108) Transaction Type
Accounting Opening
Annual Maintenance Charges
Sales-Through Sharekhan
Purchases
Brokerage
Other Charges
Sales-Not through Sharekhan/
Off market transfer
Dematerialisation
Rematerialisation/Repurchase
Custody
Pledge Creation
Freeze/De-freeze
Stock Lending & Borrowing
Advance
Nil
Nil
Rs. 500 p.a. (without POA & Digital Contract Notes)
Minimum of Rs. 16/Per
scrip settlement delivery (Sell)
Brokerage
0.03% of the value of transaction. (min. Rs.30)
Rs.5 per certificate Minimum Rs.50 per request
Rs.50 per certificate or every hundred securities.
0.03% of the value of the transaction (min Rs.100)
Rs. 25 Per request
Rs.500 Advance which will be adjudted
Against billing (optional)
Trading Client Code Trading Application No.:
{____________________________}
Accounting Closing Nil
Nil
Nil
Per request
Note:
1. Sharekhan reserves the right to revise the tariff by providing 30 days notice & this will be binding on all.
2. Any service not quoted above will be charged separately.
3. Transaction statement : Will be sent as per NSDL requirements at no extra cost. Every extra Statement shall be charged at
Rs.10. If the number of pages exceeds 10 then every additional page will be charged at the rate of Rs.3 per page.
4. All charges are exclusive of Service Tax and stamp paper.
5. In case of non payment of DP charge, Sharekhan may levy interest.
(11)
(Signature of 1st Holder)
(7)
(Signature of 2nd Holder)
(7)
(Signature of 3rd Holder)
Note: Schedule A is part of the agreement, please attach this with the agreement.
Stamp paper/KRA charges as applicable
Tariff Sheet For Demat Account

Sharekhan Limited- NSDL (NRO) (IN300513)
Schedule A effective from July 1, 2009
Remarks Scheme (TC 108) Transaction Type
Accounting Opening
Annual Maintenance Charges
Sales-Through Sharekhan
Purchases
Brokerage
Other Charges
Sales-Not through Sharekhan/
Off market transfer
Dematerialisation
Rematerialisation/Repurchase
Custody
Pledge Creation
Freeze/De-freeze
Stock Lending & Borrowing
Advance
Nil
Nil
Rs. 500 p.a. (without POA & Digital Contract Notes)
Minimum of Rs. 16/Per
scrip settlement delivery (Sell)
Brokerage
0.03% of the value of transaction. (min. Rs.30)
Rs.5 per certificate Minimum Rs.50 per request
Rs.50 per certificate or every hundred securities.
Rs. 25 Per request
Rs.500 Advance which will be adjudted
Against billing (optional)
Trading Client Code Trading Application No.:
{____________________________}
Accounting Closing Nil
Nil
Nil
Per request
Note:
1. Sharekhan reserves the right to revise the tariff by providing 30 days notice & this will be binding on all.
2. Any service not quoted above will be charged separately.
3. Transaction statement : Will be sent as per NSDL requirements at no extra cost. Every extra Statement shall be charged at
Rs.10. If the number of pages exceeds 10 then every additional page will be charged at the rate of Rs.3 per page.
4. All charges are exclusive of Service Tax and stamp paper.
5. In case of non payment of DP charge, Sharekhan may levy interest.
(12)
(Signature of 1st Holder)
(8)
(Signature of 2nd Holder)
(8)
(Signature of 3rd Holder)
Note: Schedule A is part of the agreement, please attach this with the agreement.
Stamp paper/KRA charges as applicable
AGREEMENT BETWEEN CLEARING MEMBER & CONSTITUENT (CUSTODIAL PARTICIPANT) NSE F&O
This Agreement entered between Sharekhan Limited a company
incorporated and registered under the provisions of The Companies Act,
1956 and having its registered office at 10th Floor, Beta Building, Lodha
iThink Techno Campus, Off. JVLR, Opp. Kanjurmarg Station, Kanjurmarg
(E), Mumbai 400 042 and Processing office at G-2, Salzburg Square,
107-Harrington Road, Chetpet, Chennai - 600031 registered as a
Clearing Member (hereinafter referred to as the Clearing Member) with
National Securities Clearing Corporation Ltd. (hereinafter referred to as
NSCCL) which expression shall unless it be repugnant to the context or
meaning thereof, be deemed to mean and include its legal successors
and assignees of the One Part
And
An Individual/a Sole Proprietary concern/ a Partnership Firm/ a HUF/ a
Body Corporate or any other legal entity registered/incorporated under
the provisions of the Indian Partnership Act, 1932/ the Companies Act,
1956,or any other relevant act whose particulars are given hereunder at
the execution page (hereinafter called the Constituent) which
expression shall, unless repugnant to the context or meaning thereof, be
deemed to mean and include his/her heirs, executors, administrators and
legal representatives/ the partners for the time being of the said firm, the
survivor or survivors of the member or members for the time being of the
Hindu Undivided Family (HUF) and their respective heirs, executors,
administrators and legal representatives/its successors, as the case may
be, of the Other Part;
Whereas
1. The constituent is a NRI and desires to effect purchase or sale of
securities in the Futures and Options segment of the National Stock
Exchange of India Ltd. (here in after called NSEIL) through more
than one trading members of NSEIL and clear and settle such trades
through Clearing member [who, in turn, agreed to clear and settle the
trades executed by the constituent through a trading member or
trading members], subject to the provisions contained in the Rules,
Bye Laws and Regulations of NSCCL (Futures & Options Segment).
2. Sharekhan Limited is a Clearing Member of NSCCL and is, inter alia,
authorised to carry on the activities of clearing and settlement of
deals, which are executed on the Futures & Options Segment of
NSEIL by the trading member [who has appointed the Clearing
Member to clear and settle his deals] or on behalf of Constituents
[who have appointed the Clearing Member to clear and settle their
deals]
3. The Constituent has approached the Clearing Member to undertake
clearing & settlement of deals and to discharge his duties and
obligations towards NSCCL on his behalf and the Clearing Member, in
turn, agreed to clear & settle the trades done by the constituent
through a trading member or trading members subject to the
provisions contained in the Rules, Bye Laws and Regulations of
NSCCL (Futures & Options Segment) and the terms and conditions
contained herein.
4. The parties to this agreement are desirous of reducing the terms and
conditions agreed, in writing, as contained herein :
Now, therefore, this agreement witnesseth as FOLLOWS:
1. At the request of the Constituent and in consideration of the
Constituent agreeing to pay certain fees and charges mentioned
herein and abide by the terms and conditions contained in this
agreement, Rules, Bye-Laws and Regulations of NSCCL and NSEIL,
the Clearing Member hereby undertakes upon himself the obligations
of clearing and settlement of the deals of the Constituent executed/
done, through one or more trading members, on the Futures &
Options Segment of NSEIL and to do all the acts, deeds and activities
arising from and/ or incidental to the clearing and settlement of
such deals.
2. Rights of the Clearing Member
(1) The Clearing Member shall be entitled to demand/ receive from the
Constituent such deposits in such form as he may specify from time
to time.
(2) Without prejudice to the generality of the above, the Constituent
shall place with the Clearing Member an amount of Rs.________
as deposit, which shall be maintained at any point of time. Subject
to the provisions of Bye Laws, Rules and Regulations of
NSCCL/NSEIL, in case of any shortfall in such deposit, the Clearing
Member shall be entitled to initiate any action necessary to protect
his interests in this regard against the Constituent.
(3) The Clearing Member shall be entitled to receive such fees,
charges, or commission, in respect of various services which he
renders or agrees to render to the Constituent, from the
Constituent at such intervals as may be mutually agreed upon.
(4) The Clearing Member shall specify, subject to the requirements
prescribed by NSCCL from time to time, the exposure margins up to
which open positions can be taken by the Constituent. Such limits
may be increased or reduced by the Clearing Member from time to
time. The Clearing Member shall have the authority to initiate any
action necessary to protect his interests in this regard, which may,
inter alia, include restriction on further trading and closeout of
open positions of the Constituent.
(5) The Clearing Member shall be entitled to collect from the
Constituent, margin(s) of such amounts of such kinds, as he may
deem necessary, which at any point of time shall not be less than
the amount stipulated by NSCCL from time to time. The Clearing
Member shall have authority to collect such additional margin(s) as
the Clearing Member may deem necessary or as per the
requirement of NSCCL.
(6) The Clearing Member shall be entitled to receive from the
Constituent such amounts as may be required to be paid towards
daily mark to market settlement of futures contracts, final
settlement of futures contracts, premium settlement of option
contracts, exercise settlement of option contracts or such other
settlement, as per the requirement of NSCCL.
(7) The Clearing Member shall have authority to close out/ liquidate the
open positions of the Constituent in accordance with the Rules/
Byelaws and Regulations of NSCCL, in the case of non-payment of
dues by the Constituent towards margins, additional margins, daily
mark to market settlement of futures contracts, final settlement of
futures contract, premium settlement of option contracts, exercise
settlement of option contracts or such other settlement, fees,
commission and/ or charges, by making necessary requests to
NSEIL/ NSCCL for initiating such action. In such case, any loss
arising due to the closing out of open positions shall be payable by
the constituent and will be recovered from the Constituent by the
clearing member.
(8) The Clearing Member shall have the right to inspect the books of
accounts, records, documents and computerised data of the
Constituent for which the Clearing Member shall have free access to
the premises occupied by the Constituent or by any other person on
his behalf.
3. Obligations of the Clearing Member
(1) The money deposited by each Constituent shall be kept in a
separate account by the Clearing Member, distinct from his own
account and shall provide the details of margins collected for the
trades executed by the constituent, to NSCCL as per the
requirements of NSCCL.
(2) The Clearing Member shall inform the Constituent about the
exposure margins (including any increase or reduction in such
limits) upto, which open positions, can be taken by the Constituent.
(3) The Clearing Member shall be liable to pay to the Constituent any
amount becoming due and receivable by the constituent towards
daily mark to market settlement of futures contracts, final
contracts, exercise settlement of option contracts and such other
settlement as per the requirements of NSCCL.
(4) The Clearing Member shall be required to refund any excess margin
money to the Constituent as per mutual agreement.
(5) The Clearing Member may settle the accounts on a periodical basis,
if mutually agreed between the Clearing Member and the
Constituent, which should be in accordance with the Byelaws, Rules
& Regulations of NSCCL.
(6) In the event of default by the Clearing Member or his being declared
a defaulter by NSEIL/ NSCCL, the amount paid by the Constituent
and got deposited with NSCCL shall remain safe and shall not be
utilised to meet the Clearing Member's own liabilities and/ or the
liabilities of his other Constituents. In such cases, the Clearing
Member shall render all assistance to the Constituent for transfer of
Constituent 's positions to some other Clearing Member, if such
event occurs.
(7)In the event of failure by the Clearing Member in the payment of any
dues to the NSCCL as well as the Constituent, the Constituent shall,
with the prior approval of NSCCL, have the right to transfer his own
open positions immediately to another Clearing Member. The
Clearing Member shall be obliged to pay to the Constituent for any
costs incurred for transfer of the open positions, if such event
occurs.
(8) In case the Clearing Member is declared a defaulter by NSEIL/
NSCCL, and the Constituent transfers his open positions to some
other Clearing Member, the Clearing Member shall be obliged to pay
for any costs incurred for transfer of the open positions.
(9) If due to the default of the Clearing Member, the open positions of
the Constituents are closed-out and any loss is incurred due to
such close-out, the Clearing Member shall reimburse such loss to
all the Constituents except to the Constituents because of whom the
Clearing Member has defaulted.
(10)The Clearing Member shall treat the information pertaining to the
Constituent as confidential. The Clearing Member shall not disclose
the same to any other person except to the governmental,
statutory, regulatory or legal authorities on a request made by
these authorities in writing.
(11)The Clearing Member shall be required to provide reports/
statements of mark to market settlement of futures contracts, final
settlement of futures contracts, premium settlement of options
settlement, margin amounts and open positions to the Constituent,
for such period as may be mutually agreed.
4. Rights of the Constituent
(1) The Constituent shall be entitled to have all the deals, executed
through any Trading Member or Trading Members on the Futures &
Options Segment of NSEIL, cleared and settled through the
Clearing Member.
(2) The Constituent shall be entitled to receive intimation from the
Clearing Member about the exposure margins (including any
increase or reduction in such limits) upto which open positions can
be taken by the Constituent.
(3) The Constituent shall be entitled to receive reports/ statements of
mark to market settlement of futures contracts, final settlement of
futures contracts, premium settlement of option contracts,
exercise settlement of option contracts or such other settlement,
margin amounts and open positions from the Clearing Member, for
such period as may be mutually agreed.
(4) The Constituent shall be (liable) entitled to (pay to) receive from the
Clearing Member such amounts towards daily mark to market
settlement of futures contracts, final settlement of futures
contracts, premium settlement of option contracts, exercise
settlement of option contracts and such other settlement as per the
(5) In the event of the Clearing Member being declared a defaulter by
NSCCL, the Constituent, except the Constituent because of whom
the Clearing Member has defaulted, shall be entitled to transfer his
open positions to some other Clearing Member and recover any
costs incurred for such transfers from the Clearing Member.
(6) In the event of failure by the Clearing Member in the payment of any
dues to NSCCL as well as the Constituent, the Constituent shall, with
the prior approval of NSCCL have the right to transfer his own open
positions immediately to another Clearing Member. The Constituent
shall also have the right to recover from Clearing Member any costs
incurred for transfer of the open positions.
(7) In case the open positions of the Constituents are closed-out due to
the default of the Clearing Member, the Constituent, except the
Constituents because of whom the Clearing Member has defaulted,
shall be entitled to recover such loss from the Clearing Member.
5. Obligations of the Constituent
(1) The Constituent shall pay to the Clearing Member such deposits in
such form as the Clearing Member may specify from time to time.
(2) Without prejudice to the generality of the above, the Constituent
shall place with the Clearing Member an amount of Rs._________
as deposit, which shall be maintained at any point of time. Subject
to the provisions of Bye Laws, Rules and Regulations of the NSCCL/
NSEIL, the Clearing Member shall be entitled to initiate any action
necessary to protect his interest in this regard against the
Constituent.
(3) The Constituent shall pay to the Clearing Member such fees,
charges, or commission in respect of various services which he
renders or agrees to render to the Constituent at such intervals as
may be mutually agreed upon by them.
(4) The Constituent shall pay to the Clearing Member margins of such
amounts as may be prescribed by NSCCL from time to time including
additional margins, if any or such higher amount of margins as may
be mutually agreed with the Clearing Member. The margins shall be
deposited by the Constituent within such time and in such form as
may be specified by the Clearing Member.
(5) The Constituent shall be liable (entitled) to pay to (receive from) the
Clearing Member such amounts towards daily mark to market
settlement of futures contracts, final settlement of futures
contracts, premium settlement of option contracts, exercise
settlement of option contracts and such other settlement as per the
(6) The accounts shall be settled on a periodical basis as may be
mutually agreed between the Clearing Member and the Constituent.
(7) The Constituent shall be obliged to reimburse to the Clearing
Members any loss caused due to the closing out / liquidation of his
open positions initiated by the Clearing Member, on account of non-
payment of dues by the Constituent towards margins, additional
margins, daily mark to market settlement of futures contracts, final
settlement, fees, charges, commission, penalties and expenses,
any other sum ,as per the requirement of NSCCL.
(8) The Constituent shall do all such acts, deeds and activities that are
necessary for the purpose of strict compliance with the Rules, Bye
Laws & Regulations of NSEIL/ NSCCL by the Clearing Member.
(9) If due to the default of the Constituent, the open position of the
Constituent is closed-out and any loss is incurred due to such
closeout, the Constituent shall be liable to reimburse such loss to
the Clearing Member.
6. Termination of the Agreement
The agreement entered into between the Clearing Member and the
Constituent may be terminated by the parties by giving at least one
month written notice to the other party or as may be mutually
consented. Such cancellation or termination shall not have any
effect on transactions executed before the time and date of
termination and the parties shall enjoy the same rights and shall
have same obligations in respect of such executed transactions.
7. Notice
Any communication between the Clearing Member and the
Constituent shall be made in any one or more of the following ways:
(a) an electronic mail or fax
(b) delivering it by post
(c) sending it by registered post
(d) sending it under certificate of posting
(e) sending it by express delivery post / courier services.
(f) sending it by telegram
(g) affixing it on the door at the last known business or residential
address
(h) advertising it at least once in any prominent daily newspaper
8. Force Majeure
No liability shall result to either party for delay in performance or
non-performance of the obligations under the agreement caused
and/or contributed to by any event of force majeure. For purposes
of this Clause, "Force Majeure" means and includes wars,
insurrections, revolution, fires, floods, epidemic, quarantine
restrictions, declared general strikes in relevant industries, act of
God, act of governmental, statutory, regulatory or legal authority
and such other acts or events beyond the control of the non-
performing party.
9. No assignment
Neither party shall be entitled to assign or otherwise transfer this
agreement or any benefits, rights, obligations or interests herein
whether in whole or in part to any other agency without the prior
written consent of the other.
10. Non-waiver
No forbearance, delay or indulgence by either party in enforcing the
provisions of this Agreement shall prejudice or restrict the rights of
that party nor shall any waiver of its rights operate as a waiver of
any subsequent breach and no rights, powers, remedies herein
conferred upon or reserved for either party is exclusive of any
other right, power or remedy available to that party and each right,
power or remedy shall be cumulative.
11. Arbitration
(1) All disputes, differences or questions arising out of or in relation to
the agreement including the interpretation of the terms contained
herein with regard to the obligations, failure or breach thereof by
any of the parties and/or of any matter whatsoever arising out of
the Agreement, shall in the first instance be resolved mutually by the
parties.
(2) If the parties fail to resolve the same mutually, then the same shall
be referred to the arbitration in accordance with the Rules, ByeLaws
and Regulations of NSCCL.
12. Jurisdiction
This agreement shall be subject to the exclusive jurisdiction of the
courts in ____________________.
Signed for and on behalf of Clearing Member:
Signature(s)

Name Sharekhan Limited
10th Floor, Beta Building,
Lodha i Think Techno Campus,
Off. JVLR, Opp. Kanjurmarg Station,
Kanjurmarg (E), Mumbai 400 042

Place Date
Witness Name
Witness Signature
Witness Address
Signed for and on behalf of Constituent:
Signature(s)

Name
Address

Place Date
Witness Name
Witness Signature
Witness Address
Registered
address
(13)
Sharekhan as a SEBI registered intermediary is mandated to follow the rules regulations circulars of the exchanges and SEBI issued from time
and operates through well defined procedures and policies.
The following policies have been mandated by SEBI to be made available to the clients. It should not be construed that these are the only policies
followed by Sharekhan.
(A) Refusal of orders for Penny Stocks
Penny stocks are scrips which have a very low value and may or may not be illiquid. Most times there would be very few buyers /sellers for such
scrips. The exchange (NSE and BSE) releases a list of such scrips and they are termed as illiquid securities. Sharekhan retains the right to term a
particular scrip as illiquid/penny stock based on the parameters it deems fit. These parameters may include, the past volume of the scrip, the
volatility in the scrip among others, whether trading in a particular scrip falls within the purview of fraudulent trades or trades deemed to be
fraudulent under the SEBI - prohibition of fraudulent and unfair trade practices relating to securities market regulation 2003.
Sharekhan reserves the right to facilitate clients for placing orders with regards to the penny stocks or illiquid scrips as described above.
Sharekhan is not under any obligation to push orders which are in the nature of penny stocks/ illiquid scrips. Sharekhan does not encourage
trades in penny stock.
Sharekhan may permit trades in a penny or illiquid scrip subject to certain conditions, such conditions may include
- Submission of a declaration, by the client, such declaration would include the reasons for entering into the said transaction and also whether the
client has abided by the all the relevant regulations.
- In case of a buy transaction the client may be asked to deposit the full value of scrip which the clients intends to purchase, in case of sale
transaction, the scrip will necessarily be transferred to Sharekhan's margin account prior to placing the sale order.
- Assessment of the past trading pattern or records of the client prior to giving permission
- Conducting in person verification of the said client to establish the genuineness of the intended trade.
Sharekhan reserves the right to refuse to place such orders whether or not the client fulfills the aforementioned conditions.
(B) Setting Up Client's exposure Limits
Exposure is allowed to the clients based on the margin available in form of funds or approved securities valued after deducting an appropriate
haircut. Client is liable to pay applicable initial margins, withholding margins, special margins or such other margins as are considered necessary
by the Exchange. Further Sharekhan at it's discretion may collect additional margin or may even reduce the margin even though not required by
the Exchange. Clients are supposed to maintain sufficient balance with Sharekhan pre trade depending on the channel through which they trade.
Sharekhan may levy additional margins or relax the margins earlier imposed based on factors such as, client level positions, volatility in a
particular stock or the market in general. Though it shall be our endeavor to ensure that a proper notice is sent to the clients, this may not always
be possible taking into consideration the market scenario. Exposure allowed to clients may wary, basis the clients past trading performance,
quality of collateral, market circumstances and dynamics and other such factors.
Clients may trade themselves through the internet or may trade through the sub-broker or branch. For clients who trade through the internet, the
exposure limit may be ascertained by them on the trading portal. Clients executing trades through subbroker or branches may check their
exposure positions with the sub-broker/ Branch.
Sharekhan shall not be responsible for any variation, reduction or imposition or the Client's inability to route any order through the Stock broker's
website on account of any such variation, reduction or imposition of limits. Sharekhan may at any time, at its sole discretion and without prior
notice, prohibit or restrict the Client's ability to place orders or trade in securities based on certain risk parameters.
(C) Applicable Brokerage
The brokerage applicable shall be as agreed upon from time to time. In case of any modification in the brokerage rate, the client shall confirm the
same as required by Sharekhan. The client agrees to pay to Sharekhan, brokerage, Exchange related charges, statutory levies and any other
charges (including but not limited to security handling charges on settlement) as are prevailing from time to time and as they apply to the client's
account, transactions and to the services that member renders to the client. Sharekhan does not charge brokerage more than the maximum
brokerage permissible as per the rules and regulations and bye laws of the Exchanges/SEBI. However the minimum brokerage as stipulated by
the exchanges will be levied. The brokerage shall be charged as a percentage of the value of the trade or as a flat fee or otherwise, together with
the statutory levies as may be applicable from time to time on the same. In addition to the brokerage charged the following charges will also be
levied.
Schedule of charges
1. Account opening fees
2. SEBI turnover fees as applicable
3. Exchange Transaction charges as applicable
4. Securities Transaction Tax (STT)* :- The STT rates will vary with regards to trades done on delivery basis, non delivery basis and trades done
in the derivative segment .
5. Service tax *
6. Stamp duty :- Statewise stamp duty as applicable will be levied.
7. Education Cess and higher Education Cess *
8. In addition to the above Sharekhan shall debit the demat charges to the trading account.
9. In case there are any bank charges or any other charges levied by the exchange or any other authority on account of any violation done by the
client, the same shall be charged to
10. Delivery Handling Charges (DHC) would be levied on each sale transaction in case if the value of brokerage levied is less than Rs 16/-. The
value of DHC would be difference of Rs 16/- and the brokerage charged.
POLICY AND PROCEDURES
(14)
Signature of Client
11. In case where the brokerage levied as a percentage on the value of the shares/ contract is less than the minimum brokerage payable per
share/contract. The client will be charged such minimum rate of brokerage per share instead of the percentage. *These are government
levies and are subject to change from time to time and will be charged in addition to the brokerage as applicable All the above charges would
be subject to change from time to time. Such changes shall be displayed on the website or such other URL used by Sharekhan from time to
time.
In case the brokerage rate is not specified on the brokerage chart within the KYC, the default brokerage as mentioned below will be applicable.
D. Imposition of Penalty / Delayed payment charges by either party, specifying the rate and period. Delay pay-in charges are levied to clients for non
payment or delay in payment of their fund obligation on time which may be due on account of charges, margins or any other sum due to
Sharekhan. Clients are required to pay margins before placing any trades. Clients are allowed to place margins in form of funds or securities.
Exposure is given to the client based on the stocks submitted by the client towards margin to Sharekhan. Appropriate haircut is applied on such
stocks. They are then expected to make the full payment for the purchase on the settlement date. In case there is a debit balance in the clients
account, the same shall be liable for the delayed payment charges. The calculation of these charges is an automated process. The charges to be
levied would be up to 2 % per month. These charges have been introduced so that they act as a deterrent for delaying the payment of funds.
In case where any penalty / charges /fees / taxes etc. of whatever nature, is levied on Sharekhan on account of trades or orders placed by clients,
such penalty /charges /fees / taxes etc. shall be debited to the client's account.
E. Right to sell client's securities or close client's positions, without giving notice to the client on account of non payment of client's dues:
Margin collection Margin is collected upfront from the client's i.e prior to executing any trades. Based on the margin thus available with
Sharekhan - exposure is given to the client. The applicable margin may vary and the client may be asked to replenish the margin by tendering
additional funds or securities.
In accordance with Exchange guidelines, Sharekhan retains the right to square off the position without giving any notice to the client.
- The client agrees to pay for the shares purchased through Sharekhan before the pay-in date in order to enable Sharekhan to make the requisite
pay-in to the exchange. In case the client fails to make the payment, Sharekhan may liquidate the securities in the clients account in order to
ensure that adequate credit is received for the shares purchased. This square off may be done on or before the 5th day from the settlement date.
- The client also agrees to maintain adequate margin for the positions taken in any segment. However in case the credit available is lower than the
minimum margin required, the client's positions would be liquidated in a manner that the there is no shortfall of margin.
- Sharekhan shall endeavor to ensure that adequate prior information is given to the client for such liquidation. It shall inform the client through the
mobile number and or email id updated with Sharekhan. For clients to whom a login and password is given to access their account on the website
www.sharekhan.com, or such other URL that may be provided by Sharekhan from time to time, where they are required to login and check the limit
statement uploaded therein. It shall be the clients' responsibility to ensure that adequate credit balance is available in the account.
- The above guidelines may be changed based on the discretion of Sharekhan and in terms of the market conditions. In cases where the market is
volatile and there is a sudden spurt in scrip price then Sharekhan may square off position without any notice due to the paucity of time and other
such circumstances
- Whenever Sharekhan endeavors that the positions are to be liquidated, it shall not be responsible for any liabilities in case the same cannot be
liquidated.
- The priority of the positions to be squared off, i.e. which positions to be squared off first, would be at the discretion of Sharekhan.
(15)
Signature of Client
Cash Market Brokerage
First Leg
Second Leg(Same day Sq.off)
Delivery Brokerage
%
0.10
0.10
0.50
Min. Paise Per Share
5
5
10
Futures %
0.10
0.02
0.10
Derivatives Segment
First Leg
Same day square off
Next day square off
Options %
2.50
2.50
2.50
In case of futures, the minimum brokerage of 0.01paise per share will be charged.
In case of currency futures, the minimum brokerage of 0.01paise per quantity will
be charged.
In case of futures options, minimum brokerage will be Rs. 100/- per lot or the above
whichever is higher.
In case of currency options, minimum brokerage will be Rs. 30/- per lot
or the above whichever is higher.
Currency Derivatives
0.10
Nil
0.10
2.50
Nil
2.50
Futures % Options %
Default Brokerage
Standard Brokerage
Index / Stock Options Segment Currency Options Segment
Percentage
Min. amount per lot Min. amount per lot
2.50
2
1.50
1
0.50
100
90
80
70
60
30
25
20
15
10
Sharekhan may follow the following priority for squaring-off positions :-
a) Lower Margin scrip's will be squared off first.
b) Only futures position will be squared off (option position to be square off manually)
c) In case where there is a position in cash and derivative segment, futures positions would be squared off first then cash positions would be
square off in case shortfall still exist.
F. Shortages in obligations arising out of internal netting of trades
Internal Shortage Policy
BSE has a window wherein internal short deliveries can get auctioned as per the normal auction process. Internal short deliveries are not covered
by the Auction conducted on the NSE. It is due to this limitation on the NSE we follow the procedure as mentioned below
1. The client may not receive shares on T+2 in case there is an internal shortage situation within Sharekhan, i.e. the buyer and seller are both
Sharekhan clients and the seller defaults in delivery due to which the buyer may not receive the shares.
2. In case of an internal shortage, firstly the defaulting seller would be debited with a value as on the previous day of the payin day + 30 % for
the default till such time the auction process can be completed.
3. In case there is an internal shortage in BSE, the exchange conducts an auction through which the shares would be purchased and delivered
to the buyer. The seller would be debited at the rate at which the exchange would have purchased these shares. Additionally, brokerage,
statutory costs and other incidental charges including penalty for non-delivery may be debited to the client. In case, the exchange is unable
to purchase these shares, the exchange will inform Sharekhan of a close out rate, at which the buyer would be allowed credit and the seller
would be debited for the same amount. In case of any corporate action for internal shortages, if original trade was executed at cum-rate,
then Sharekhan will repurchase the shares at ex-rate in its Internal Shortage a/c. The amount / quantity of corporate action, as applicable
will be debited to the Seller's a/c and will be credited to the Buyer's account. In case of securities being delisted from trading / unable to buy
on account of corporate action, Sharekhan will close out internal shortages at last traded price / last traded cum rate price + 10 % (credit
to buyer & debit to seller).
4. In case there is an internal shortage in NSE, Sharekhan purchases the shares from the normal market and provides the shares to the buyer,
on receipt of delivery. The defaulting seller would be debited with the rate at which these shares were purchased, including the brokerage,
statutory charges and other incidental charges including penalty if any. In case of non receipt of delivery to purchase the shares, the buyer
would be offered credit at a close out rate applicable on T+4 day + 3% or and the new seller would be debited at the same rate. In case
where Sharekhan is unable to purchase the shares on account of the scrip being in buying circuit, the position would then be closed out on
the closing price of the exchange on T+2 at the circuit percentage of 2 days (Maximum upto 20%). In case of any corporate action for
internal shortages, if original trade was executed at the cum-rate, then Sharekhan will repurchase the shares at ex-rate in its Internal
Shortage a/c. The amount / quantity of corporate action, as applicable will be debited to the Seller's a/c and will be credited to the Buyer's
account. In case of securities being delisted from trading / unable to buy on account of corporate action, Sharekhan will close out internal
shortages at last traded price / last traded cum rate price + 10 % (credit to buyer & debit to seller).
5. Sharekhan may also levy charges on the defaulting seller for non-delivery of stocks within the stipulated time.
G. Conditions under which a client may not be allowed to take further position or the broker may close existing position of a client /Temporary
suspending or close a client's account at the client's request and Deregistering a client
a) In the event where overall position in any scrip or derivative contract has reached the limit prescribed by regulators or exchanges. For
example, in case of NRI clients where the PIS Limits are prescribed by RBI are breached or in case of Exchange wise, scrip wise limit
prescribed by Exchanges for derivative contracts are breached. In all such cases the client may not be permitted to take additional positions
b) Sharekhan has the right to stop or block the client to trade in case where there is a debit balance in his/her account.
c) Sharekhan retains the right to block the client to take a position in certain specified scrips basis the risk management systems of Sharekhan.
d) In case where Sharekhan is apprehensive the client to be an entity debarred by any regulatory authority, it shall retain the right to stop the
trading activities of such a client.
e) In case where Sharekhan perceives risk with regards to any regulatory action or with regards to delay or non payment of margin or any
other obligation Sharekhan may temporary block or suspend the trades of such clients.
f) In case where the client's account is dormant for a period of more than 3 months Sharekhan may mark such clients as inactive, and trades in
the futures and options segment / Cash segment will be restricted till the receipt of the request from the clients for activating the account.
g) In case where suspicious transactions are observed, including but not limited to off market transactions.
h) In case where clients are not reachable at their contact details mentioned in the client registration form or in the client master changes form.
i) In case where unprofessional, or unruly behavior of the client is observed.
j) In case of any ongoing dispute with the client, we may not permit the client to take further positions and may even close out his open
positions.
k) Further in case of clients breaching the risk parameters mentioned in point H above we may close the clients' positions without any
intimation.
In the event of death or insolvency of the client, winding up or liquidation or the client otherwise becoming incapable of receiving and paying for or
delivering or transferring securities which the client has ordered to be bought or sold, the Stock Broker may close out the transaction of the client
and the client or his legal representative as the case shall be would be liable for any losses, costs and be entitled to any surplus which may result
therefrom.
(16)
Signature of Client
MARGINS
11. The client shall pay applicable initial margins, withholding margins,
special margins or such other margins as are considered
necessary by the stock broker or the Exchange or as may be
directed by SEBI from time to time as applicable to the segment(s)
in which the client trades. The stock broker is permitted in its sole
and absolute discretion to collect additional margins (even though
not required by the Exchange, Clearing House/Clearing
Corporation or SEBI) and the client shall be obliged to pay such
margins within the stipulated time.
12. The client understands that payment of margins by the client does
not necessarily imply complete satisfaction of all dues. In spite of
consistently having paid margins, the client may, on the settlement
of its trade, be obliged to pay (or entitled to receive) such further
sums as the contract may dictate/require.
TRANSACTIONS AND SETTLEMENTS
13. The client shall give any order for buy or sell of a security
/derivatives contract in writing or in such form or manner, as may
be mutually agreed between the client and the stock broker. The
stock broker shall ensure to place orders and execute the trades
of the client, only in the Unique Client Code assigned to that client.
14. The stock broker shall inform the client and keep him apprised
about trading/settlement cycles, delivery/payment schedules, any
changes therein from time to time, and it shall be the responsibility
in turn of the client to comply with such schedules/procedures of
the relevant stock exchange where the trade is executed.
15. The stock broker shall ensure that the money/securities deposited
by the client shall be kept in a separate account, distinct from
his/its own account or account of any other client and shall not be
used by the stock broker for himself/itself or for any other client or
for any purpose other than the purposes mentioned in Rules,
Regulations, circulars, notices, guidelines of SEBI and/or Rules,
Regulations, Bye-laws, circulars and notices of Exchange.
16. Where the Exchange(s) cancels trade(s) suo moto all such trades
including the trade/s done on behalf of the client shall ipso facto
stand cancelled, stock broker shall be entitled to cancel the
respective contract(s) with client(s).
17. The transactions executed on the Exchange are subject to Rules,
Byelaws and Regulations and circulars/notices issued thereunder
of the Exchanges where the trade is executed and all parties to
such trade shall have submitted to the jurisdiction of such court as
may be specified by the Byelaws and Regulations of the Exchanges
where the trade is executed for the purpose of giving effect to the
provisions of the Rules, Byelaws and Regulations of the Exchanges
and the circulars/notices issued thereunder.
BROKERAGE
18. The Client shall pay to the stock broker brokerage and statutory
1. The client shall invest/trade in those securities/contracts/other
instruments admitted to dealings on the Exchanges as defined in
the Rules, Byelaws and Regulations of Exchanges/ Securities and
Exchange Board of India (SEBI) and circulars/notices issued there
under from time to time.
2. The stock broker, sub-broker and the client shall be bound by all
the Rules, Byelaws and Regulations of the Exchange and
circulars/notices issued there under and Rules and Regulations of
SEBI and relevant notifications of Government authorities as may
be in force from time to time.
3. The client shall satisfy itself of the capacity of the stock broker to
deal in securities and/or deal in derivatives contracts and wishes
to execute its orders through the stock broker and the client shall
from time to time continue to satisfy itself of such capability of the
stock broker before executing orders through the stock broker.
4. The stock broker shall continuously satisfy itself about the
genuineness and financial soundness of the client and investment
objectives relevant to the services to be provided.
5. The stock broker shall take steps to make the client aware of the
precise nature of the Stock broker's liability for business to be
conducted, including any limitations, the liability and the capacity in
which the stock broker acts.
6. The sub-broker shall provide necessary assistance and co-
operate with the stock broker in all its dealings with the client(s).
CLIENT INFORMATION
7. The client shall furnish all such details in full as are required by the
stock broker in "Account Opening Form with supporting details,
made mandatory by stock exchanges/SEBI from time to time.
8. The client shall familiarize himself with all the mandatory
provisions in the Account Opening documents. Any additional
clauses or documents specified by the stock broker shall be non-
mandatory, as per terms & conditions accepted by the client.
9. The client shall immediately notify the stock broker in writing if
there is any change in the information in the 'account opening
form' as provided at the time of account opening and thereafter;
including the information on winding up petition/insolvency
petition or any litigation which may have material bearing on his
capacity. The client shall provide/update the financial information
to the stock broker on a periodic basis.
10. The stock broker and sub-broker shall maintain all the details of the
client as mentioned in the account opening form or any other
information pertaining to the client, confidentially and that they shall
not disclose the same to any person/authority except as required
under any law/regulatory requirements. Provided however that the
stock broker may so disclose information about his client to any
person or authority with the express permission of the client.
RIGHTS AND OBLIGATIONS OF STOCK BROKERS, SUB-BROKERS AND CLIENTS
as prescribed by SEBI and Stock Exchanges
levies as are prevailing from time to time and as they apply to the
Client's account, transactions and to the services that stock broker
renders to the Client. The stock broker shall not charge brokerage
more than the maximum brokerage permissible as per the rules,
regulations and bye-laws of the relevant stock exchanges and/or
rules and regulations of SEBI.
LIQUIDATION AND CLOSE OUT OF POSITION
19. Without prejudice to the stock broker's other rights (including the
right to refer a matter to arbitration), the client understands that
the stock broker shall be entitled to liquidate/close out all or any of
the client's positions for non-payment of margins or other
amounts, outstanding debts, etc. and adjust the proceeds of such
l i qui dati on/cl ose out, i f any, agai nst the cl i ent' s
liabilities/obligations. Any and all losses and financial charges on
account of such liquidation/closing-out shall be charged to and
borne by the client.
20. In the event of death or insolvency of the client or his/its otherwise
becoming incapable of receiving and paying for or delivering or
transferring securities which the client has ordered to be bought
or sold, stock broker may close out the transaction of the client
and claim losses, if any, against the estate of the client. The client
or his nominees, successors, heirs and assignee shall be entitled
to any surplus which may result there from. The client shall note
that transfer of funds/securities in favor of a Nominee shall be
valid discharge by the stock broker against the legal heir.
21. The stock broker shall bring to the notice of the relevant Exchange
the information about default in payment/delivery and related
aspects by a client. In case where defaulting client is a corporate
entity/partnership/proprietary firm or any other artificial legal
entity, then the name(s) of Director(s) / Promoter(s) / Partner(s) /
Proprietor as the case may be, shall also be communicated by the
stock broker to the relevant Exchange(s).
DISPUTE RESOLUTION
22. The stock broker shall provide the client with the relevant contact
details of the concerned Exchanges and SEBI.
23. The stock broker shall co-operate in redressing grievances of the
client in respect of all transactions routed through it and in
removing objections for bad delivery of shares, rectification of bad
delivery, etc.
24. The client and the stock broker shall refer any claims and/or
disputes with respect to deposits, margin money, etc., to
arbitration as per the Rules, Byelaws and Regulations of the
Exchanges where the trade is executed and circulars/notices
issued thereunder as may be in force from time to time.
25. The stock broker shall ensure faster settlement of any arbitration
proceedings arising out of the transactions entered into between
him vis--vis the client and he shall be liable to implement the
arbitration awards made in such proceedings.
26. The client/stock-broker understands that the instructions issued
by an authorized representative for dispute resolution, if any, of
the client/stock-broker shall be binding on the client/stock-broker
in accordance with the letter authorizing the said representative to
deal on behalf of the said client/stock-broker.
TERMINATION OF RELATIONSHIP
27. This relationship between the stock broker and the client shall be
terminated; if the stock broker for any reason ceases to be a member
of the stock exchange including cessation of membership by reason
of the stock broker's default, death, resignation or expulsion or if the
certificate is cancelled by the Board.
28. The stock broker, sub-broker and the client shall be entitled to
terminate the relationship between them without giving any
reasons to the other party, after giving notice in writing of not less
than one month to the other parties. Notwithstanding any such
termination, all rights, liabilities and obligations of the parties
arising out of or in respect of transactions entered into prior to the
termination of this relationship shall continue to subsist and vest
in/be binding on the respective parties or his/its respective heirs,
executors, administrators, legal representatives or successors, as
the case may be.
29. In the event of demise/insolvency of the sub-broker or the
cancellation of his/its registration with the Board or/withdrawal of
recognition of the sub-broker by the stock exchange and/or
termination of the agreement with the sub broker by the stock
broker, for any reason whatsoever, the client shall be informed of
such termination and the client shall be deemed to be the direct
client of the stock broker and all clauses in the 'Rights and
Obligations' document(s) governing the stock broker, sub-broker
and client shall continue to be in force as it is, unless the client
intimates to the stock broker his/its intention to terminate their
relationship by giving a notice in writing of not less than one
month.
ADDITIONAL RIGHTS AND OBLIGATIONS
30. The stock broker shall ensure due protection to the client
regarding client's rights to dividends, rights or bonus shares, etc.
in respect of transactions routed through it and it shall not do
anything which is likely to harm the interest of the client with whom
and for whom they may have had transactions in securities.
31. The stock broker and client shall reconcile and settle their
accounts from time to time as per the Rules, Regulations, Bye
Laws, Circulars, Notices and Guidelines issued by SEBI and the
relevant Exchanges where the trade is executed.
32. The stock broker shall issue a contract note to his constituents for
trades executed in such format as may be prescribed by the
Exchange from time to time containing records of all transactions
including details of order number, trade number, trade time, trade
price, trade quantity, details of the derivatives contract, client
code, brokerage, all charges levied etc. and with all other relevant
details as required therein to be filled in and issued in such manner
and within such time as prescribed by the Exchange. The stock
broker shall send contract notes to the investors within one
working day of the execution of the trades in hard copy and/or in
electronic form using digital signature.
33. The stock broker shall make pay out of funds or delivery of
securities, as the case may be, to the Client within one working day
of receipt of the payout from the relevant Exchange where the
trade is executed unless otherwise specified by the client and
subject to such terms and conditions as may be prescribed by the
relevant Exchange from time to time where the trade is executed.
34. The stock broker shall send a complete `Statement of Accounts'
for both funds and securities in respect of each of its clients in
such periodicity and format within such time, as may be prescribed
by the relevant Exchange, from time to time, where the trade is
executed. The Statement shall also state that the client shall report
errors, if any, in the Statement within such time as may be
prescribed by the relevant Exchange from time to time where the
trade was executed, from the receipt thereof to the Stock broker.
35. The stock broker shall send daily margin statements to the clients.
Daily Margin statement should include, inter-alia, details of
collateral deposited, collateral utilized and collateral status
(available balance/due from client) with break up in terms of cash,
Fixed Deposit Receipts (FDRs), Bank Guarantee and securities.
36. The Client shall ensure that it has the required legal capacity to, and is
authorized to, enter into the relationship with stock broker and is
capable of performing his obligations and undertakings hereunder.
All actions required to be taken to ensure compliance of all the
transactions, which the Client may enter into shall be completed by
the Client prior to such transaction being entered into.
ELECTRONIC CONTRACT NOTES (ECN)
37. In case, client opts to receive the contract note in electronic form,
he shall provide an appropriate e-mail id to the stock broker. The
client shall communicate to the stock broker any change in the
email-id through a physical letter. If the client has opted for
internet trading, the request for change of email id may be made
through the secured access by way of client specific user id and
password.
38. The stock broker shall ensure that all ECNs sent through the e-mail
shall be digitally signed, encrypted, non-tamper able and in
compliance with the provisions of the IT Act, 2000. In case, ECN is
sent through e-mail as an attachment, the attached file shall also
be secured with the digital signature, encrypted and non-
tamperable.
39. The client shall note that non-receipt of bounced mail notification
by the stock broker shall amount to delivery of the contract note at
the e-mail ID of the client.
40. The stock broker shall retain ECN and acknowledgement of the e-
mail in a soft and non-tamperable form in the manner prescribed
by the exchange in compliance with the provisions of the IT Act,
2000 and as per the extant rules/regulations / circulars /
guidelines issued by SEBI / Stock Exchanges from time to time. The
proof of delivery i.e., log report generated by the system at the
time of sending the contract notes shall be maintained by the stock
broker for the specified period under the extant regulations of
SEBI/stock exchanges. The log report shall provide the details of
the contract notes that are not delivered to the client/e-mails
rejected or bounced back. The stock broker shall take all possible
steps to ensure receipt of notification of bounced mails by him at
all times within the stipulated time period under the extant
regulations of SEBI/stock exchanges.
41. The stock broker shall continue to send contract notes in the
physical mode to such clients who do not opt to receive the
contract notes in the electronic form. Wherever the ECNs have not
been delivered to the client or has been rejected (bouncing of
mails) by the e-mail ID of the client, the stock broker shall send a
physical contract note to the client within the stipulated time under
the extant regulations of SEBI/stock exchanges and maintain the
proof of delivery of such physical contract notes.
42. In addition to the e-mail communication of the ECNs to the client,
the stock broker shall simultaneously publish the ECN on his
designated web-site, if any, in a secured way and enable relevant
access to the clients and for this purpose, shall allot a unique user
name and password to the client, with an option to the client to
save the contract note electronically and/or take a print out of the
same.
LAW AND JURISDICTION
43. In addition to the specific rights set out in this document, the stock
broker, sub-broker and the client shall be entitled to exercise any
other rights which the stock broker or the client may have under
the Rules, Bye-laws and Regulations of the Exchanges in which the
client chooses to trade and circulars/notices issued thereunder or
Rules and Regulations of SEBI.
44. The provisions of this document shall always be subject to
Government notifications, any rules, regulations, guidelines and
circulars/notices issued by SEBI and Rules, Regulations and Bye
laws of the relevant stock exchanges, where the trade is executed,
that may be in force from time to time.
45. The stock broker and the client shall abide by any award passed by
the Arbitrator(s) under the Arbitration and Conciliation Act, 1996.
However, there is also a provision of appeal within the stock
exchanges, if either party is not satisfied with the arbitration award.
46. Words and expressions which are used in this document but which
are not defined herein shall, unless the context otherwise requires,
have the same meaning as assigned thereto in the Rules, Byelaws
and Regulations and circulars/notices issued thereunder of the
Exchanges/SEBI.
47. All additional voluntary clauses / document added by the stock
broker should not be in contravention with rules/regulations /
notices / circulars of Exchanges / SEBI. Any changes in such
voluntary clauses / document(s) need to be preceded by a notice
of 15 days. Any changes in the rights and obligations which are
specified by Exchanges/SEBI shall also be brought to the notice of
the clients.
48. If the rights and obligations of the parties hereto are altered by
virtue of change in Rules and regulations of SEBI or Bye-laws,
Rules and Regulations of the relevant stock Exchanges where the
trade is executed, such changes shall be deemed to have been
incorporated herein in modification of the rights and obligations of
the parties mentioned in this document.
INTERNET & WIRELESS TECHNOLOGY BASED TRADING FACILITY
PROVIDED BY STOCK BROKERS TO CLIENT
(All the clauses mentioned in the 'Rights and Obligations'
document(s) shall be applicable. Additionally, the clauses
mentioned herein shall also be applicable.)
1. Stock broker is eligible for providing Internet based trading (IBT)
and securities trading through the use of wireless technology that
shall include the use of devices such as mobile phone, laptop with
data card, etc. which use Internet Protocol (IP). The stock broker
shall comply with all requirements applicable to internet based
trading/securities trading using wireless technology as may be
specified by SEBI & the Exchanges from time to time.
2. The client is desirous of investing/trading in securities and for this
purpose, the client is desirous of using either the internet based
trading facility or the facility for securities trading through use of
wireless technology. The Stock broker shall provide the Stock
broker's IBT Service to the Client, and the Client shall avail of the
Stock broker's IBT Service, on and subject to SEBI/Exchanges
Provisions and the terms and conditions specified on the Stock
broker's IBT Web Site provided that they are in line with the norms
prescribed by Exchanges/SEBI.
3. The stock broker shall bring to the notice of client the features,
risks, responsibilities, obligations and liabilities associated with
securities trading through wireless technology /internet/smart
order routing or any other technology should be brought to the
notice of the client by the stock broker.
4. The stock broker shall make the client aware that the Stock
Broker's IBT system itself generates the initial password and its
password policy as stipulated in line with norms prescribed by
Exchanges/SEBI.
5. The Client shall be responsible for keeping the Username and
Password confidential and secure and shall be solely responsible
for all orders entered and transactions done by any person
whosoever through the Stock broker's IBT System using the
Client's Username and/or Password whether or not such person
was authorized to do so. Also the client is aware that
authentication technologies and strict security measures are
required for the internet trading/securities trading through
wireless technology through order routed system and undertakes
to ensure that the password of the client and/or his authorized
representative are not revealed to any third party including
employees and dealers of the stock broker
6. The Client shall immediately notify the Stock broker in writing if he
forgets his password, discovers security flaw in Stock Broker's IBT
System, discovers/suspects discrepancies/ unauthorized access
through his username/password /account with full details of such
unauthorized use, the date, the manner and the transactions
effected pursuant to such unauthorized use, etc.
7. The Client is fully aware of and understands the risks associated
with availing of a service for routing orders over the
internet/securities trading through wireless technology and Client
shall be fully liable and responsible for any and all acts done in the
Client's Username/password in any manner whatsoever.
8. The stock broker shall send the order/trade confirmation through
email to the client at his request. The client is aware that the order/
trade confirmation is also provided on the web portal. In case
client is trading using wireless technology, the stock broker shall
send the order/trade confirmation on the device of the client.
9. The client is aware that trading over the internet involves many
uncertain factors and complex hardware, software, systems,
communication lines, peripherals, etc. are susceptible to
interruptions and dislocations. The Stock broker and the
Exchange do not make any representation or warranty that the
Stock broker's IBT Service will be available to the Client at all times
without any interruption.
10. The Client shall not have any claim against the Exchange or the
Stock broker on account of any suspension, interruption, non-
availability or malfunctioning of the Stock broker's IBT System or
Service or the Exchange's service or systems or non-execution of
his orders due to any link/system failure at the Client/Stock
brokers/Exchange end for any reason beyond the control of the
stock broker/Exchanges.
11. A separate set of Voluntary Terms and Conditions has been
attached to this Rights and Obligations as Annexure A. It contains
other clauses incidental to the services provided by the stock
broker. Client is being informed and is aware that he/she is free to
accept and abide by the terms and conditions, by signing the
Annexure A. If the client wishes not to accept and sign the terms
and conditions, he/she may choose to do so. It is further
understood by the client that by signing this Rights and Obligations
alone, he/she is not bound by the terms and conditions.
Separate Accounts
9. The DP shall open separate accounts in the name of each of the
beneficial owners and securities of each beneficial owner shall be
segregated and shall not be mixed up with the securities of other
beneficial owners and/or DPs own securities held in
dematerialized form.
10. The DP shall not facilitate the Beneficial Owner to create or permit
any pledge and /or hypothecation or any other interest or
encumbrance over all or any of such securities submitted for
dematerialization and/or held in demat account except in the form
and manner prescribed in the Depositories Act, 1996, SEBI
(Depositories and Participants) Regulations, 1996 and Bye-
Laws/Operating Instructions/Business Rules of the Depositories.
Transfer of Securities
11. The DP shall effect transfer to and from the demat accounts of the
Beneficial Owner only on the basis of an order, instruction,
direction or mandate duly authorized by the Beneficial Owner and
the DP shall maintain the original documents and the audit trail of
such authorizations.
12. The Beneficial Owner reserves the right to give standing
instructions with regard to the crediting of securities in his demat
account and the DP shall act according to such instructions.
Statement of account
13. The DP shall provide statements of accounts to the beneficial
owner in such form and manner and at such time as agreed with
the Beneficial Owner and as specified by SEBI/depository in this
regard.
14. However, if there is no transaction in the demat account, or if the
balance has become Nil during the year, the DP shall send one
physical statement of holding annually to such Bos and shall
resume sending the transaction statement as and when there is a
transaction in the account.
15. The DP may provide the services of issuing the statement of demat
accounts in an electronic mode if the Beneficial Owner so desires.
The DP will furnish to the Beneficial Owner the statement of demat
accounts under its digital signature, as governed under the
Information Technology Act, 2000. However if the DP does not
have the facility of providing the statement of demat account in the
electronic mode, then the Participant shall be obliged to forward
the statement of demat accounts in physical form.
16. In case of Basic Services Demat Accounts, the DP shall send the
transaction statements as mandated by SEBI and/or Depository
from time to time.
Manner of Closure of Demat account
General Clause
1. The Beneficial Owner and the Depository participant (DP) shall be
bound by the provisions of the Depositories Act, 1996, SEBI
(Depositories and Participants) Regulations, 1996, Rules and
Regulations of Securities and Exchange Board of India (SEBI),
Circulars/Notifications/Guidelines issued there under, Bye Laws
and Business Rules/Operating Instructions issued by the
Depositories and relevant notifications of Government Authorities
as may be in force from time to time.
2. The DP shall open/activate demat account of a beneficial owner in
the depository system only after receipt of complete Account
opening form, KYC and supporting documents as specified by SEBI
from time to time.
Beneficial Owner information
3. The DP shall maintain all the details of the beneficial owner(s) as
mentioned in the account opening form, supporting documents
submitted by them and/or any other information pertaining to the
beneficial owner confidentially and shall not disclose the same to
any person except as required by any statutory, legal or regulatory
authority in this regard.
4. The Beneficial Owner shall immediately notify the DP in writing, if
there is any change in details provided in the account opening
form as submitted to the DP at the time of opening the demat
account or furnished to the DP from time to time.
Fees/Charges/Tariff
5. The Beneficial Owner shall pay such charges to the DP for the
purpose of holding and transfer of securities in dematerialized
form and for availing depository services as may be agreed to
from time to time between the DP and the Beneficial Owner as set
out in the Tariff Sheet provided by the DP. It may be informed to the
Beneficial Owner that "no charges are payable for opening of
demat accounts
6. In case of Basic Services Demat Accounts, the DP shall adhere to
the charge structure as laid down under the relevant SEBI and/or
Depository circulars/directions/notifications issued from time to
time.
7. The DP shall not increase any charges/tariff agreed upon unless it
has given a notice in writing of not less than thirty days to the
Beneficial Owner regarding the same.
Dematerialization
8. The Beneficial Owner shall have the right to get the securities,
which have been admitted on the Depositories, dematerialized in
the form and manner laid down under the Bye Laws, Business
Rules and Operating Instructions of the depositories.
RIGHTS AND OBLIGATIONS OF BENEFICIAL OWNER AND DEPOSITORY PARTICIPANT AS
PRESCRIBED BY SEBI AND DEPOSITORIES
17. The DP shall have the right to close the demat account of the
Beneficial Owner, for any reasons whatsoever, provided the DP has
given a notice in writing of not less than thirty days to the Beneficial
Owner as well as to the Depository. Similarly, the Beneficial Owner
shall have the right to close his/her demat account held with the DP
provided no charges are payable by him/her to the DP. In such an
event, the Beneficial Owner shall specify whether the balances in
their demat account should be transferred to another demat
account of the Beneficial Owner held with another DP or to
rematerialize the security balances held.
18. Based on the instructions of the Beneficial Owner, the DP shall
initiate the procedure for transferring such security balances or
rematerialize such security balances within a period of thirty days
as per procedure specified from time to time by the depository.
Provided further, closure of demat account shall not affect the
rights, liabilities and obligations of either the Beneficial Owner or
the DP and shall continue to bind the parties to their satisfactory
completion.
Default in payment of charges
19. In event of Beneficial Owner committing a default in the payment of
any amount provided in Clause 5 & 6 within a period of thirty days
from the date of demand, without prejudice to the right of the DP
to close the demat account of the Beneficial Owner, the DP may
charge interest at a rate as specified by the Depository from time
to time for the period of such default.
20. In case the Beneficial Owner has failed to make the payment of any
of the amounts as provided in Clause 5&6 specified above, the DP
after giving two days notice to the Beneficial Owner shall have the
right to stop processing of instructions of the Beneficial Owner till
such time he makes the payment along with interest, if any.
Liability of the Depository
21. As per Section 16 of Depositories Act, 1996,
1. Without prejudice to the provisions of any other law for the
time being in force, any loss caused to the beneficial owner
due to the negligence of the depository or the participant,
the depository shall indemnify such beneficial owner.
2. Where the loss due to the negligence of the participant
under Clause (1) above, is indemnified by the depository, the
depository shall have the right to recover the same from
such participant.
Freezing/ Defreezing of accounts
22. The Beneficial Owner may exercise the right to freeze/defreeze
his/her demat account maintained with the DP in accordance with
the procedure and subject to the restrictions laid down under the
Bye Laws and Business Rules/Operating Instructions.
23. The DP or the Depository shall have the right to freeze/defreeze
the accounts of the Beneficial Owners on receipt of instructions
received from any regulator or court or any statutory authority.
Redressal of Investor grievance
24. The DP shall redress all grievances of the Beneficial Owner against
the DP within a period of thirty days from the date of receipt of the
complaint.
Authorized representative
25. If the Beneficial Owner is a body corporate or a legal entity, it shall,
along with the account opening form, furnish to the DP, a list of
officials authorized by it, who shall represent and interact on its
behalf with the Participant. Any change in such list including
additions, deletions or alterations thereto shall be forthwith
communicated to the Participant.
Law and Jurisdiction
26. In addition to the specific rights set out in this document, the DP
and the Beneficial owner shall be entitled to exercise any other
rights which the DP or the Beneficial Owner may have under the
Rules, Bye Laws and Regulations of the respective Depository in
which the demat account is opened and circulars/notices issued
there under or Rules and Regulations of SEBI.
27. The provisions of this document shall always be subject to
Government notification, any rules, regulations, guidelines and
circulars/ notices issued by SEBI and Rules, Regulations and Bye-
laws of the relevant Depository, where the Beneficial Owner
maintains his/ her account, that may be in force from time to time.
28. The Beneficial Owner and the DP shall abide by the arbitration and
conciliation procedure prescribed under the Bye-laws of the
depository and that such procedure shall be applicable to any
disputes between the DP and the Beneficial Owner.
29. Words and expressions which are used in this document but which
are not defined herein shall unless the context otherwise requires,
have the same meanings as assigned thereto in the Rules, Bye-
laws and Regulations and circulars/notices issued there under by
the depository and /or SEBI
30. Any changes in the rights and obligations which are specified by
SEBI/Depositories shall also be brought to the notice of the clients
at once.
31. If the rights and obligations of the parties hereto are altered by
virtue of change in Rules and regulations of SEBI or Bye-laws,
Rules and Regulations of the relevant Depository, where the
Beneficial Owner maintains his/her account, such changes shall be
deemed to have been incorporated herein in modification of the
rights and obligations of the parties mentioned in this document.
1. BASIC RISKS:
1.1 Risk of Higher Volatility:
Volatility refers to the dynamic changes in price that a
security/derivatives contract undergoes when trading activity
continues on the Stock Exchanges. Generally, higher the volatility of a
security/derivatives contract, greater is its price swings. There may
be normally greater volatility in thinly traded securities /derivatives
contracts than in active securities/derivatives contracts. As a result
of volatility, your order may only be partially executed or not executed
at all, or the price at which your order got executed may be
substantially different from the last traded price or change
substantially thereafter, resulting in notional or real losses.
1.2 Risk of Lower Liquidity:
Liquidity refers to the ability of market participants to buy and/or
sell securities / derivatives contracts expeditiously at a
competitive price and with minimal price difference. Generally, it is
assumed that more the numbers of orders available in a market,
greater is the liquidity. Liquidity is important because with greater
liquidity, it is easier for investors to buy and/or sell securities /
derivatives contracts swiftly and with minimal price difference, and
as a result, investors are more likely to pay or receive a
competitive price for securities / derivatives contracts purchased
or sold. There may be a risk of lower liquidity in some securities /
derivatives contracts as compared to active securities /
derivatives contracts. As a result, your order may only be partially
executed, or may be executed with relatively greater price
difference or may not be executed at all.
1.2.1 Buying or selling securities / derivatives contracts as part of a day
trading strategy may also result into losses, because in such a
situation, securities / derivatives contracts may have to be sold /
purchased at low / high prices, compared to the expected price
levels, so as not to have any open position or obligation to deliver
or receive a security / derivatives contract.
1.3 Risk of Wider Spreads:
Spread refers to the difference in best buy price and best sell
price. It represents the differential between the price of buying a
security / derivatives contract and immediately selling it or vice
versa. Lower liquidity and higher volatility may result in wider than
normal spreads for less liquid or illiquid securities / derivatives
contracts. This in turn will hamper better price formation.
1.4 Risk-reducing orders:
The placing of orders (e.g., "stop loss orders, or "limit" orders)
which are intended to limit losses to certain amounts may not be
effective many a time because rapid movement in market
conditions may make it impossible to execute such orders.
1.4.1 A "market" order will be executed promptly, subject to
This document contains important information on trading in
Equities/Derivatives Segments of the stock exchanges. All prospective
constituents should read this document before trading in
Equities/Derivatives Segments of the Exchanges.
Stock exchanges/SEBI does neither singly or jointly and expressly nor
impliedly guarantee nor make any representation concerning the
completeness, the adequacy or accuracy of this disclosure document nor
have Stock exchanges /SEBI endorsed or passed any merits of
participating in the trading segments. This brief statement does not
disclose all the risks and other significant aspects of trading.
In the light of the risks involved, you should undertake transactions only if
you understand the nature of the relationship into which you are entering
and the extent of your exposure to risk.
You must know and appreciate that trading in Equity shares, derivatives
contracts or other instruments traded on the Stock Exchange, which have
varying element of risk, is generally not an appropriate avenue for someone of
limited resources/limited investment and/or trading experience and low risk
tolerance. You should therefore carefully consider whether such trading is
suitable for you in the light of your financial condition. In case you trade on Stock
exchanges and suffer adverse consequences or loss, you shall be solely
responsible for the same and Stock exchanges/its Clearing Corporation
and/or SEBI shall not be responsible, in any manner whatsoever, for the same
and it will not be open for you to take a plea that no adequate disclosure
regarding the risks involved was made or that you were not explained the full
risk involved by the concerned stock broker. The constituent shall be solely
responsible for the consequences and no contract can be rescinded on that
account. You must acknowledge and accept that there can be no guarantee of
profits or no exception from losses while executing orders for purchase
and/or sale of a derivative contract being traded on Stock exchanges.
It must be clearly understood by you that your dealings on Stock exchanges
through a stock broker shall be subject to your fulfilling certain formalities set
out by the stock broker, which may inter alia include your filling the know your
client form, reading the rights and obligations, do's and don'ts, etc., and are
subject to the Rules, Byelaws and Regulations of relevant Stock exchanges, its
Clearing Corporation, guidelines prescribed by SEBI and in force from time to
time and Circulars as may be issued by Stock exchanges or its Clearing
Corporation and in force from time to time.
Stock exchanges does not provide or purport to provide any advice and
shall not be liable to any person who enters into any business relationship
with any stock broker of Stock exchanges and/or any third party based on
any information contained in this document. Any information contained in
this document must not be construed as business advice. No consideration
to trade should be made without thoroughly understanding and reviewing
the risks involved in such trading. If you are unsure, you must seek
professional advice on the same.
In considering whether to trade or authorize someone to trade for you,
you should be aware of or must get acquainted with the following:-
RISK DISCLOSURE DOCUMENT FOR CAPITAL MARKET AND DERIVATIVES SEGMENTS
availability of orders on opposite side, without regard to
price and that, while the customer may receive a prompt
execution of a "market" order, the execution may be at
available prices of outstanding orders, which satisfy the
order quantity, on price time priority. It may be understood
that these prices may be significantly different from the last
traded price or the best price in that security / derivatives
contract.
1.4.2 A "limit" order will be executed only at the "limit" price specified for
the order or a better price. However, while the customer receives
price protection, there is a possibility that the order may not be
executed at all.
1.4.3 A stop loss order is generally placed "away" from the current
price of a stock / derivatives contract, and such order gets
activated if and when the security / derivatives contract
reaches, or trades through, the stop price. Sell stop orders are
entered ordinarily below the current price, and buy stop orders
are entered ordinarily above the current price. When the
security / derivatives contract reaches the pre -determined
price, or trades through such price, the stop loss order
conver ts to a market/limit order and is executed at the limit or
better. There is no assurance therefore that the limit order will
be executable since a security / derivatives contract might
penetrate the pre-determined price, in which case, the risk of
such order not getting executed arises, just as with a regular
limit order.
1.5 Risk of News Announcements:
News announcements that may impact the price of stock /
derivatives contract may occur during trading, and when
combined with lower liquidity and higher volatility, may suddenly
cause an unexpected positive or negative movement in the price
of the security / contract.
1.6 Risk of Rumors:
Rumors about companies / currencies at times float in the market
through word of mouth, newspapers, websites or news agencies,
etc. The investors should be wary of and should desist from
acting on rumors.
1.7 System Risk:
High volume trading will frequently occur at the market opening
and before market close. Such high volumes may also occur at
any point in the day. These may cause delays in order execution or
confirmation.
1.7.1 During periods of volatility, on account of market participants
continuously modifying their order quantity or prices or placing
fresh orders, there may be delays in order execution and its
confirmations.
1.7.2 Under certain market conditions, it may be difficult or impossible to
liquidate a position in the market at a reasonable price or at all,
when there are no outstanding orders either on the buy side or the
sell side, or if trading is halted in a security / derivatives contract
due to any action on account of unusual trading activity or security
/ derivatives contract hitting circuit filters or for any other reason.
1.8 System/Network Congestion:
Trading on exchanges is in electronic mode, based on
satellite/leased line based communications, combination of
technologies and computer systems to place and route orders.
Thus, there exists a possibility of communication failure or system
problems or slow or delayed response from system or trading halt,
or any such other problem/glitch whereby not being able to
establish access to the trading system/network, which may be
beyond control and may result in delay in processing or not
processing buy or sell orders either in part or in full. You are
cautioned to note that although these problems may be temporary
in nature, but when you have outstanding open positions or
unexecuted orders, these represent a risk because of your
obligations to settle all executed transactions.
2. As far as Derivatives segments are concerned, please note and
get yourself acquainted with the following additional features:
2.1 Effect of "Leverage" or "Gearing":
In the derivatives market, the amount of margin is small relative to
the value of the derivatives contract so the transactions are
'leveraged' or 'geared'. Derivatives trading, which is conducted
with a relatively small amount of margin, provides the possibility of
great profit or loss in comparison with the margin amount. But
transactions in derivatives carry a high degree of risk.
You should therefore completely understand the following
statements before actually trading in derivatives and also trade with
caution while taking into account one's circumstances, financial
resources, etc. If the prices move against you, you may lose a part of
or whole margin amount in a relatively short period of time.
Moreover, the loss may exceed the original margin amount.
A. Futures trading involve daily settlement of all positions. Every day
the open positions are marked to market based on the closing
level of the index / derivatives contract. If the contract has moved
against you, you will be required to deposit the amount of loss
(notional) resulting from such movement. This amount will have to
be paid within a stipulated time frame, generally before
commencement of trading on next day.
B. If you fail to deposit the additional amount by the deadline or if an
outstanding debt occurs in your account, the stock broker may
liquidate a part of or the whole position or substitute securities. In
this case, you will be liable for any losses incurred due to such
close-outs.
C. Under certain market conditions, an investor may find it difficult or
impossible to execute transactions. For example, this situation
can occur due to factors such as illiquidity i.e. when there are
insufficient bids or offers or suspension of trading due to price
limit or circuit breakers etc.
D. In order to maintain market stability, the following steps may be
adopted: changes in the margin rate, increases in the cash
margin rate or others. These new measures may also be applied
to the existing open interests. In such conditions, you will be
required to put up additional margins or reduce your positions.
E. You must ask your broker to provide the full details of derivatives
contracts you plan to trade i.e. the contract specifications and the
associated obligations.
2.2 Currency specific risks:
1. The profit or loss in transactions in foreign currency-denominated
contracts, whether they are traded in your own or another
jurisdiction, will be affected by fluctuations in currency rates
where there is a need to convert from the currency denomination
of the contract to another currency.
2. Under certain market conditions, you may find it difficult or
impossible to liquidate a position. This can occur, for example
when a currency is deregulated or fixed trading bands are
widened.
3. Currency prices are highly volatile. Price movements for
currencies are influenced by, among other things: changing
supply-demand relationships; trade, fiscal, monetary, exchange
control programs and policies of governments; foreign political
and economic events and policies; changes in national and
international interest rates and inflation; currency devaluation;
and sentiment of the market place. None of these factors can be
controlled by any individual advisor and no assurance can be
given that an advisor's advice will result in profitable trades for a
participating customer or that a customer will not incur losses
from such events.
2.3 Risk of Option holders:
1. An option holder runs the risk of losing the entire amount paid for
the option in a relatively short period of time. This risk reflects the
nature of an option as a wasting asset which becomes worthless
when it expires. An option holder who neither sells his option in the
secondary market nor exercises it prior to its expiration will
necessarily lose his entire investment in the option. If the price of
the underlying does not change in the anticipated direction before
the option expires, to an extent sufficient to cover the cost of the
option, the investor may lose all or a significant part of his
investment in the option.
2. The Exchanges may impose exercise restrictions and have
absolute authority to restrict the exercise of options at certain
times in specified circumstances.
2.4 Risks of Option Writers:
1. If the price movement of the underlying is not in the anticipated
direction, the option writer runs the risks of losing substantial
amount.
2. The risk of being an option writer may be reduced by the purchase of
other options on the same underlying interest and thereby assuming
a spread position or by acquiring other types of hedging positions in
the options markets or other markets. However, even where the
writer has assumed a spread or other hedging position, the risks may
still be significant. A spread position is not necessarily less risky than
a simple 'long' or 'short' position.
3. Transactions that involve buying and writing multiple options in
combination, or buying or writing options in combination with
buying or selling short the underlying interests, present additional
risks to investors. Combination transactions, such as option
spreads, are more complex than buying or writing a single option.
And it should be further noted that, as in any area of investing, a
complexity not well understood is, in itself, a risk factor. While this is
not to suggest that combination strategies should not be
considered, it is advisable, as is the case with all investments in
options, to consult with someone who is experienced and
knowledgeable with respect to the risks and potential rewards of
combination transactions under various market circumstances.
3. TRADING THROUGH WIRELESS TECHNOLOGY/ SMART ORDER
ROUTING OR ANY OTHER TECHNOLOGY:
Any additional provisions defining the features, risks,
responsibilities, obligations and liabilities associated with
securities trading through wireless technology/ smart order
routing or any other technology should be brought to the notice of
the client by the stock broker.
4. GENERAL
4.1 The term 'constituent' shall mean and include a client, a customer
or an investor, who deals with a stock broker for the purpose of
acquiring and/or selling of securities / derivatives contracts
through the mechanism provided by the Exchanges.
4.2 The term 'stock broker' shall mean and include a stock broker, a
broker or a stock broker, who has been admitted as such by the
Exchanges and who holds a registration certificate from SEBI.
DISCLOSURE OF PROPRIETARY TRADING BY SHAREKHAN
As per requirement of SEBI / BSE / NSE, Sharekhan informs you
that Sharekhan executes proprietary trades at NSE / BSE/MCX-SX
- Cash, F & O and Currency Derivatives Segment.
BEFORE YOU BEGIN TO TRADE
1. Ensure that you deal with and through only SEBI registered
intermediaries. You may check their SEBI registration certificate
number from the list available on the Stock exchanges
www.nseindia.com, www.bseindia.com and www.mcx-sx.com and
SEBI website www.sebi.gov.in.
2. Ensure that you fill the KYC form completely and strike off the
blank fields in the KYC form.
3. Ensure that you have read all the mandatory documents viz.
Rights and Obligations, Risk Disclosure Document, Policy and
Procedure document of the stock broker.
4. Ensure to read, understand and then sign the voluntary clauses,
if any, agreed between you and the stock broker. Note that the
clauses as agreed between you and the stock broker cannot be
changed without your consent.
5. Get a clear idea about all brokerage, commissions, fees and
other charges levied by the broker on you for trading and the
relevant provisions/ guidelines specified by SEBI/Stock
exchanges.
6. Obtain a copy of all the documents executed by you from the
stock broker free of charge.
7. In case you wish to execute Power of Attorney (POA) in favour of
the Stock broker, authorizing it to operate your bank and demat
account, please refer to the guidelines issued by
SEBI/Exchanges in this regard.
TRANSACTIONS AND SETTLEMENTS
8. The stock broker may issue electronic contract notes (ECN) if
specifically authorized by you in writing. You should provide your
email id to the stock broker for the same. Dont opt for ECN if you
are not familiar with computers.
9. Dont share your internet trading accounts password with
anyone.
10. Dont make any payment in cash to the stock broker.
11. Make the payments by account payee cheque in favour of the
stock broker. Dont issue cheques in the name of sub-broker.
Ensure that you have a documentary proof of your
payment/deposit of securities with the stock broker, stating
date, scrip, quantity, towards which bank/ demat account such
money or securities deposited and from which bank/ demat
account.
12. Note that facility of Trade Verification is available on stock
exchanges websites, where details of trade as mentioned in the
contract note may be verified. Where trade details on the website
do not tally with the details mentioned in the contract note,
immediately get in touch with the Investors Grievance Cell of the
relevant Stock exchange.
13. In case you have given specific authorization for maintaining
running account, payout of funds or delivery of securities (as
the case may be), may not be made to you within one working
day from the receipt of payout from the Exchange. Thus, the
stock broker shall maintain running account for you subject to
the following conditions:
a) Such authorization from you shall be dated, signed by you
only and contains the clause that you may revoke the same
at any time.
b) The actual settlement of funds and securities shall be done
by the stock broker, at least once in a calendar quarter or
month, depending on your preference. While settling the
account, the stock broker shall send to you a statement of
accounts containing an extract from the client ledger for
funds and an extract from the register of securities
displaying all the receipts/deliveries of funds and securities.
The statement shall also explain the retention of funds and
securities and the details of the pledged shares, if any.
c) On the date of settlement, the stock broker may retain the
requisite securities/funds towards outstanding obligations
and may also retain the funds expected to be required to
meet derivatives margin obligations for next 5 trading days,
calculated in the manner specified by the exchanges. In
respect of cash market transactions, the stock broker may
retain entire pay-in obligation of funds and securities due
from clients as on date of settlement and for next days
business, he may retain funds/securities/margin to the
extent of value of transactions executed on the day of such
settlement in the cash market.
d) You need to bring any dispute arising from the statement of
account or settlement so made to the notice of the stock
broker in writing preferably within 7 (seven) working days
from the date of receipt of funds/securities or statement, as
the case may be. In case of dispute, refer the matter in
writing to the Investors Grievance Cell of the relevant Stock
exchanges without delay.
14. In case you have not opted for maintaining running account and
pay-out of funds/securities is not received on the next working
day of the receipt of payout from the exchanges, please refer the
matter to the stock broker. In case there is dispute, ensure that
you lodge a complaint in writing immediately with the Investors
Grievance Cell of the relevant Stock exchange.
15. Please register your mobile number and email id with the stock
broker, to receive trade confirmation alerts/ details of the
transactions through SMS or email, by the end of the trading day,
from the stock exchanges.
IN CASE OF TERMINATION OF TRADING MEMBERSHIP
16. In case, a stock broker surrenders his membership, is expelled
from membership or declared a defaulter; Stock exchanges
gives a public notice inviting claims relating to only the
transactions executed on the trading system of Stock
exchange, from the investors. Ensure that you lodge a claim with
the relevant Stock exchanges within the stipulated period and
with the supporting documents.
17. Familiarize yourself with the protection accorded to the money
and/or securities you may deposit with your stock broker,
particularly in the event of a default or the stock brokers
insolvency or bankruptcy and the extent to which you may
recover such money and/or securities may be governed by the
Bye-laws and Regulations of the relevant Stock exchange where
the trade was executed and the scheme of the Investors
Protection Fund in force from time to time.
DISPUTES/ COMPLAINTS
18. Please note that the details of the arbitration proceedings, penal
action against the brokers and investor complaints against the
stock brokers are displayed on the website of the relevant Stock
exchange.
19. In case your issue/problem/grievance is not being sorted out by
concerned stock broker/sub-broker then you may take up the
matter with the concerned Stock exchange. If you are not
satisfied with the resolution of your complaint then you can
escalate the matter to SEBI.
20. Note that all the stock broker/sub-brokers have been mandated
by SEBI to designate an e-mail ID of the grievance redressal
division/compliance officer exclusively for the purpose of
registering complaints.
GUIDANCE NOTE - DOs AND DONTs FOR TRADING ON THE EXCHANGE(S) FOR INVESTORS
(Voluntary)
(17) (9) (9)
Signature of 1st Holder Signature of 3rd Holder Signature of 2nd Holder
Sub :- Consent to receive Transaction Statement on Email (NRE)
Dear Sir/ Madam,
This is with reference to My / Our above Demat Account and the Agreement dated ______ entered between me/us and Sharekhan Limited, a
depository participant with National Securities Depositories Ltd. I/We understand from you that a facility is being granted wherein I/We can get access
to the transaction statements in respect of my/our above demat account on the Website of the Depository Participant or in the email address provided
by me/us to the Depository Participant. I/We are also aware that the said facility is available subject to me/us complying with certain terms and
conditions as prescribed by National Securities Depositories Ltd (NSDL). I/We hereby request you to provide me with the facility of accessing the
transaction statements in the email account provided by me in the annexure to this letter and Sharekhan has agreed to the said request. In
consideration of Sharekhan agreeing to allow me/us to avail the said facility
I/We agree to the following terms and conditions.
1) I/We, is/are aware that the on availing this facility transaction statements will not be received in paper form.
2) I/we will take all necessary steps to ensure confidentiality and secrecy of the login name and password of the internet /email account.
3) I/We am/are aware that the transaction statement may be accessed by other entities in case the confidentiality /secrecy of the login name and
password is compromised and I/We will not hold responsible Sharekhan for any breach of secrecy.
4) I/We shall not hold Sharekhan liable if any problem arises with my/our computer network because of me/us receiving statements.
5) I/We are authorized by the other holders to receive the statements on their behalf in email Ids provided to Sharekhan Limited
6) I/We shall immediately inform Sharekhan regarding any change of email address provided by me/us for receiving the transaction statements.
7) I/We shall not hold responsible Sharekhan, if we do not receive statement due to incorrect email ids and / technical reasons.
8) I/We am/are aware that both the parties have the right to terminate the said facility on providing a 10 days advance written notice to the other
party.
9) Please note my/our Email ID for the Demat Account as mentioned in KYC of first holder.
To,
Sharekhan Limited
10th Floor, Beta Building, Lodha iThink Techno Campus, Off. JVLR, Opp. Kanjurmarg Station, Kanjurmarg (East), Mumbai - 400 042.
(Voluntary)
(18) (10) (10)
Signature of 1st Holder Signature of 3rd Holder Signature of 2nd Holder
Sub :- Consent to receive Transaction Statement on Email (NRO)
Dear Sir/ Madam,
This is with reference to My / Our above Demat Account and the Agreement dated ______ entered between me/us and Sharekhan Limited, a
depository participant with National Securities Depositories Ltd. I/We understand from you that a facility is being granted wherein I/We can get access
to the transaction statements in respect of my/our above demat account on the Website of the Depository Participant or in the email address provided
by me/us to the Depository Participant. I/We are also aware that the said facility is available subject to me/us complying with certain terms and
conditions as prescribed by National Securities Depositories Ltd (NSDL). I/We hereby request you to provide me with the facility of accessing the
transaction statements in the email account provided by me in the annexure to this letter and Sharekhan has agreed to the said request. In
consideration of Sharekhan agreeing to allow me/us to avail the said facility
I/We agree to the following terms and conditions.
1) I/We, is/are aware that the on availing this facility transaction statements will not be received in paper form.
2) I/we will take all necessary steps to ensure confidentiality and secrecy of the login name and password of the internet /email account.
3) I/We am/are aware that the transaction statement may be accessed by other entities in case the confidentiality /secrecy of the login name and
password is compromised and I/We will not hold responsible Sharekhan for any breach of secrecy.
4) I/We shall not hold Sharekhan liable if any problem arises with my/our computer network because of me/us receiving statements.
5) I/We are authorized by the other holders to receive the statements on their behalf in email Ids provided to Sharekhan Limited
6) I/We shall immediately inform Sharekhan regarding any change of email address provided by me/us for receiving the transaction statements.
7) I/We shall not hold responsible Sharekhan, if we do not receive statement due to incorrect email ids and / technical reasons.
8) I/We am/are aware that both the parties have the right to terminate the said facility on providing a 10 days advance written notice to the other
party.
9) Please note my/our Email ID for the Demat Account as mentioned in KYC of first holder.
To,
Sharekhan Limited
MANDATE FOR MAINTAINING THE ACCOUNT ON RUNNING ACCOUNT BASIS
Dear Sir,
Notwithstanding anything contrary contained in any of the document or correspondence, I/we hereby severally give mandate to you for maintenance of
my account with you on running account basis. This mandate shall be applicable to any account maintained with you including segments accounts
across exchanges without limitation for securities /f unds / currencies with you on a running account basis.
This mandate is voluntarily given by me/we as it is cumbersome for me/us to settle the accounts with you frequently. This will facilitate me/us in my /our
transactions through you. I/We also request you to consider the balances in my/our running funds, securities and currency account with you for the
purpose of margins/any other obligations due to you. In view of the above it would be proper for you to release the funds and securities due to us/me on
our/my specific request, either written or oral. You may charge the charges of holding securities to my/our account with you.
I/we hereby agree to settle my/our funds / securities account on Monthly / Quarterly basis as per SEBI guidelines.
Further, I/we hereby declare that I/we retain the right to revoke this authorization at any time.
Yours faithfully,
To,
Sharekhan Limited
10th Floor, Beta Building, Lodha iThink Techno Campus, Off. JVLR,
Opp. Kanjurmarg Station, Kanjurmarg (East), Mumbai 400 042.
Signature of Client
(19)
(Voluntary)
(Voluntary)
Preamble
The Client has opened an account with the Stock Broker for the
purpose of trading on the National Stock Exchange of India Limited,
Bombay Stock Exchange Ltd and MCX Stock Exchange Limited and
has accepted statement of Rights and Obligations.
For the purpose of taking additional services from the Stock Broker
and in order to define the operating terms and conditions, the Stock
Broker and the Client have acknowledged to the terms and conditions
herein contained.
The Client understands that some of the terms and conditions may be
more stringent than that provided in the Rights and Obligations and
the Client has acknowledge and accepted such terms and conditions.
The terms and conditions contained herein are binding on the Client.
The Client has acknowledge to avail of services from the Stock Broker
af ter f ul l y under standi ng the ter ms and condi ti ons.
The terms and conditions shall be subject to modification from time to
time and such modifications are binding on the Client.
E-BROKING SERVICES, WIRELESS SECURITIES TRADING and, DIAL AND
TRADE SERVICES
Whereas The Stock broker is in the business of offering various services
including E-Broking Service and securities trading through the use of
wireless technology to its clients and acknowledge to provide such
services to the Client and client acknowledge to avail such services from
stock broker subject to terms & conditions of this annexure and/or on
the Stock Broker's Website and the Exchange provisions.
The Stock Broker agrees that it has complied / shall comply with all
requirements applicable to securities trading using wireless
technology as may be specified by SEBI & the Exchange from time to
time. The provisions of this Terms and Conditions shall always be
subject to Government notifications, any rules, regulations and
guidelines issued by SEBI and Stock Exchange rules, regulations and
Bye-laws that may be in force from time to time.
Whereas the Stock broker, as required under Regulations, hereby
conveys that it is carrying on proprietary trading.
Now, therefore, in consideration of the mutual understanding set forth
in this Annexure, the client thereto has acknowledged to the following:
1.1 DEFINITIONS
1.1.1 Exchange means Bombay Stock Exchange Limited, National
Stock Exchange of India Limited and MCX Stock Exchange Limited
and includes segments of the Exchange.
1.1.2 Exchange Provisions means the Rules, Bye-laws, Regulations,
Business Requirement, Specifications, handbooks, notices,
circulars and resolutions of the Exchange or any segment of the
Exchange in force from time to time and includes the Minimum
Requirements Handbook for ITORS prescribed by the Exchange,
as amended from time to time.
1.1.3 E Broking means Internet based Trading through Order Routing
System (ITORS), being a system approved by the Exchange for
enabling clients to route their orders to their Stock broker over
the internet and also includes trade done through the wireless
technology.
1.1.4 E broking Account Application means the application submitted
by the Client to the Stock broker to permit the Client to avail of the
Stock broker's E-broking Service.
1.1.5 E broking Service or Service means the ITORS service offered
by the Stock broker to its clients through Website including the low
bandwidth website or any other approved application where
under the clients can route their orders for purchase, sale and
other dealings in securities through the Stock broker's website.
1.1.6 Wireless Technology shall include the use of devices such as
mobile phone, laptop with data card, etc which use Internet
Protocol (IP).
1.1.7 Stock broker's E Broking system or Stock broker's e broking
Website means the web site hosted by the Stock broker on the
internet through which the Stock broker offers the E broking
Service or any other authorized application including the low
bandwidth website dial and trade, speed trade and trades
executed through dealers / sub brokers or through any
application approved by the exchange or any other mode for
which the broker has obtained the required approval and includes
the Hardware and software used for hosting and supporting the
Website.
1.1.8 Password means an alphanumeric code used by the Client to
validate his/her username and access the Service.
1.1.9 SEBI means the Securities & Exchange Board of India.
1.1.10 Username means an alphanumeric login identification used by
the Client for accessing the Service.
1.2 Stock broker offers/intends to offer broking through the internet
or other services through web site www.sharekhan.com
including the low bandwidth website therein. The said website is
owned and maintained by the Stock Broker. Stock broker also
offers/intends to offer Dial and Trade services to the Client.
Electronic broking services, Wireless Technology or dial and
trade services or any other services through electronic mode
shall be referred to as E-broking services.
1.3 The Stock broker shall provide information with respect to the
addresses of the Internet web site / web page where detailed
information would be available about securities trading though
the use of wireless technology. The Client is aware that as it may
not be possible to give detailed information to the investor on a
hand held device e.g. mobile phones, minimum information may
be given with address of the Internet web site / web page where
detailed information would be available.
1.4 Before availing of the services, the Client shall complete
registration process as may prescribe from time to time.
1.5 The client shall follow the instructions given in the web site for
registering himself as a client. Such formalities will include
selection of user id, passwords, basic client information etc.
Once the system accepts the details inserted by the client the
client will be registered as a user.
1.6 If the client has availed E Broking Services offered by the stock
broker, then client shall be entitled to a username, a trading
password and customer user identification number and Telephone
personal identification number (T-Pin Number) or other
identification or security code (by whatever name called) which will
enable him to avail of the facilities of E-broking through the stock
broker's Web site over the telephone or in any such other manner
as may be permitted/offered by the Stock Broker for availing of the
services. All terms regarding the use, reset and modification of
ANNEXURE A : Confirmation and Acceptance of Terms and Conditions governing the services provided by the Stock Broker.
(Voluntary)
such password shall be governed by information on the web-site.
1.7 The client is aware that the Stock Broker's system itself randomly
generates the initial pass word encrypts and passes on the
password to the client, The client acknowledge and undertakes
to immediately change his initial password upon receipt thereof.
The client is aware that the subsequent passwords also are not
known or available to the Stock Broker or any third party other
than his authorized representative.
1.8 The services on the Website shall be available to the registered
user subject to the terms and conditions mentioned thereof.
1.9 The client acknowledges that he is fully aware of and understands the
risks associated with availing of E-broking services through the
internet including the risk of misuse and unauthorized use of his
Username and/or trading password, T-pin number by a third party
and the risk of a person hacking into the Client's trading account on
the website and unauthorisedly routing trade orders on behalf of the
Client through the system. The client acknowledge that he shall be
fully liable and responsible for any and all unauthorized use and
misuse of his trading password and / or username/T-pin number and
also for any and all acts done by any person through the website using
the Client's username in any manner whatsoever. Further at no point
in time shall the Stock Broker be liable for any loss, whether notional or
actual, that may be suffered by the Client on account of the use and
misuse of the trading password and/or the Client username.
Incase, the client discovers unauthorized access/ security flow, the
Client shall immediately change his Password. However, if the Client
is unable to change his Password by reason of his having forgotten
his Password or his Password having been unauthorisedly
changed by some other person or for any other reason then the
Client shall immediately request the Stock broker in writing to
discontinue his old Password; and thereupon the Stock broker
shall cause the Stock broker's e-broking system to discontinue the
use of the Client's old Password and the Stock broker's e-broking
system shall generate a new Password for the Client which shall be
communicated to the Client. At no point in time shall the Stock
broker be liable for any loss, whether notional or actual, that may be
suffered by the Client on account of the misuse of the Password.
1.10 The stock broker shall be entitled to presume that any orders or
instructions entered or communicated using the client's user
name, customer user identification number, T-pin number and
password is the client's own order or instruction or that of the
client's duly authorized representative. The client will be fully
responsible and liable for, and will pay or reimburse to the stock
broker on demand all costs, charges, damages and expenses
incurred by the stock broker as a consequence of access and or
use of client's account, stock broker's system or service by any
third party using the client's user name, customer user
identification number, T-pin number and pass word.
1.11 The Client shall log off from the website at any time the Client is
not accessing or using the service and any liability incurred to
the Client as a consequence of the Client not logging off the
Service shall be borne solely by the Client.
1.12 The client shall provide to the Stock Broker, a power of attorney
authorizing the Stock Broker to debit/credit/block/create
lien/pledge the client's depository accounts through its
authorised personnel, to the extent of the transactions
conducted by the client and any amount due and payable, under
any head, account or name, to the Stock Broker.
1.13 The client acknowledge that orders, instructions and other
communications given or made over the telephone may be routed
through the stock brokers interactive voice response or other
telephone system may be recorded by the stock broker. The client
also acknowledge that such recording and the stock broker's
records of any orders, instructions and communications given or
made by the client or the stock broker by electronic mail, fax, or
other electronic means shall be admissible as evidence and shall be
final and binding evidence of the same.
1.14 The client acknowledge to provide information relating to
customer user identification number T-pin number and such
other information as may be required while placing orders on the
telephone to determine the identity of the client. Provided
however that nothing prevents the Stock Broker from accepting
instructions from the Client over phone without usage of T-pin
number and such acceptance of instruction by the Stock Broker
shall be binding on the Client.
1.15 The Stock Broker may from time to time impose and vary limits on the
orders that the Client can place through the Stock broker's Website
(including exposure limits, turnover limits, limits as to the number, value
and/or kind of securities in respect of which orders can be placed, the
companies in respect of whose securities orders can be placed, etc.).
The Client is aware and acknowledge that the Stock broker may need to
vary or reduce the limits or impose new limits urgently on the basis of the
Stock broker's risk perception and other factors considered relevant by
the Stock broker, and the Stock broker may be unable to inform the Client
of such variation, reduction or imposition in advance. The Client
acknowledge that the stock broker shall not be responsible for such
variation, reduction or imposition or the Client's inability to route any
order through the Stock broker's website on account of any such
variation, reduction or imposition of limits. The Client understands and
acknowledges that the stock broker may at any time, at its sole discretion
and without prior notice, prohibit or restrict the Client's ability to place
orders or trade in securities through the stock broker.
1.16 Though orders will generally be routed to the Exchange's
computer systems within a few seconds from the time the order is
placed by the Client on the stock broker's Website , the stock
broker shall not be liable for any delay in the execution of any
order or for any resultant loss on account of the delay.
1.17 The Client acknowledge that the Stock broker may, at its sole
discretion, subject any order placed by a Client to manual review
and entry, which may cause delays in the processing of the
Client's order or may result in rejection of such order.
1.18 In case of a market order, the Client acknowledge that he will
receive the price at which his order is executed by the exchange's
computer system; and such price may be different from the price
at which the security is trading when his order is entered into the
stock broker's website.
1.19 The Client acknowledge and undertakes to immediately deposit
with the Stock broker such cash, securities or other acceptable
security, which the Stock broker may require as margin. The Client
acknowledges that the stock broker shall be entitled to require the
Client to deposit with the stock broker a higher margin than that
prescribed by the Exchange. The stock broker shall also be entitled
to require the Client to keep permanently with the stock broker a
margin of a value specified by the stock broker so long as the Client
(Voluntary)
desires to avail of the Stock broker's e-broking system.
1.20 The Client understands and acknowledge that the Stock broker
may discontinue Ebroking Service in part or in its entirety and
change the terms of the Service (including the terms on the
Stock broker's ebroking Website) at any time and from time to
time, without prior notice.
2. TRADING, SETTLEMENTANDACCOUNTS
2.1. The client acknowledge that all orders placed by him for
securities through the web-site and through wireless technology
shall be within the parameters defined and mentioned in the
terms and conditions specified in the Web-site.
2.2 The client acknowledges that all orders placed through the web-
site and through wireless technology shall be forwarded by the
system to Exchange. All orders placed otherwise than through
the web-site shall be forwarded to the system of the Exchange
through the Exchange terminals or any other order execution
mechanism at the discretion of the Stock Broker.
2.3 All orders for purchase, sale or other dealings in securities and
other instructions routed through the Stock broker's website
via the Client's Username shall be deemed to have been given
by the Client.
2.4 On line confirmation will be available to the client upon execution
of trade of an order placed by him through the Stock Broker's
system. It shall be the responsibility of the client to review,
immediately upon receipt, all confirmation of orders,
transactions, or cancellations. It shall be the responsibility of the
client to follow up with the Stock Broker for all such confirmations
that are not received by him within stipulated time.
2.5
2.6 There may be a delay in the Stock Broker receiving the reports of
transaction, status, from the respective exchanges or other persons
in respect of or in connection with which the stock broker has entered
into contracts or transactions on behalf of the clients. Accordingly the
stock broker may forward to the client late reports in respect of such
transactions that were previously unreported to him as been expired,
cancelled or executed. The client shall not hold the Stock Broker
responsible for any losses suffered by the client on account of any late
reports, statements or any errors in the report/statements
computed by or received from any exchange.
2.7 The client acknowledges that if, in any circumstance or for any
reason, the market closes before the acceptance of the Order by
the Exchange, the Order may be rejected. The client
acknowledges further, that the Stock Broker may reject Orders if
the same are rejected by the Exchange for any reason. In case of
rejection of an order due to rejection by the Exchange, the client
acknowledges that the order shall remain declined and shall not
be re-processed, in any event.
The Stock broker sends various reports, margin statements,
confirmations, contract note of executed trades/ transactions
(including executed prices, scripts or quantities) / transactions)
or any other documents.
Clients shall verify the communications sent by the stock broker.
If any discrepancy is observed, the same be forthwith brought to
the notice of the stock broker.
If any statement of whatsoever nature is sent by our employees/
authorized persons, the same shall be verified by the client with
the contract notes. In case of any discrepancy, data as per
contract note shall prevail.
2.8 The Stock Broker may, at its sole discretion, reject any order
placed on the web-site or in any other manner due to any reason,
including but not limited to the non-availability of funds in the
trading account of the client, non-availability of securities in the
Demat account of the client with a designated depository
participant, insufficiency of margin amount if the client opts for
margin trading, suspension of scrip- specific trading activities by
or on an Exchange and the applicability of circuit breaker to a
scrip in which orders are placed.
2.9 The client is aware that the Stock Broker may provide a facility for
reconfirmation of orders, which are larger than those specified
by the Stock Broker's risk management, and is also aware that
the Stock Broker has the discretion to reject the execution of
such orders based on such risk perception.
2.10 The client acknowledges further that the Stock Broker shall have
the right to reject any order placed by the client for any reason
and at any time without notice to the client.
2.11 The client acknowledge that, if any order (including square off
order) is not accepted or not executed or cancelled, on the web-
site or on direct terminals for any reason whatsoever, the Stock
Broker shall have the right to treat the order as having lapsed. The
client can not claim any notional profit or consequent notional loss
due to order not being executed or cancelled by the exchange.
2.12 The client is aware that the electronic trading systems at the Exchange or in
the Stock Broker's offices or the service provider for wireless technology
are vulnerable to temporary disruptions, breakdowns or failures. In the
event of non execution of trade orders or trade cancellation due to the
happening of such events or vulnerabilities due to failure/disruption/
breakdown of system or link, Stock Broker shall be entitled to cancel relative
contracts/(s) with the Client and shall not be able to execute the desired
transactions of the client's. In such event, the Stock Broker does not accept
responsibility for any losses incurred including loss of profit / notional profit
/ that may be incurred by the Client due to such eventualities which are
beyond the control of the Stock Broker.
2.13 The Stock Broker may at its sole discretion permit execution of
orders in respect of securities, irrespective of the amount in the
balance of the account of the client.
2.14 The client acknowledge to abide with and be bound by all the
Rules and Circulars that the Stock Broker may issue from time to
time, and all rules, regulations and bye-laws of the Exchange as
are in force pertaining to the transactions on his behalf carried
out by the Stock Broker and the orders placed by him on the web-
site or any other manner.
2.15 The systems used by the Stock Broker for providing e-broking
services or dial up services are generally capable of assessing
the risk of the client as soon as the order comes in. However, due
to any reason whatsoever, if the order is processed without
sufficient risk cover from the client, client shall be bound by such
trade and shall provide such sum as may be required to meet his
liability under the trade.
2.16 Any and all instructions issued by an authorised representative
of the client shall be binding on the client in accordance with the
letter authorising the said representative to deal on behalf of the
client. All authentication of the authority of a client to instruct the
Stock Broker to deal on behalf of the client shall be determined
by the terms in this regard mentioned on the web site.
(Voluntary)
2.17 Cancellation or modification of the requests:
2.17.1 Cancellation or modification of an order pursuant to the client's
request in that behalf is not guaranteed. The order will be
cancelled or modified only if the clients request for cancellation
and modification is received and the order is successfully
cancelled or modified before it is executed. Market orders are
subject to immediate execution wherever possible
2.17.2 The clients shall not be entitled to presume an order having been
executed, cancelled or modified until a confirmation from the Stock
Broker is received by the client. However due to technical and other
factors the confirmation may not be immediately transmitted to or
received by the client and such a delay shall not entitle the client to
presume that the order has not been executed cancelled or modified
unless and until the stock broker has so confirmed in writing.
2.17.3 All the pending orders are cancelled by the exchange, after the
market is closed for the day,
2.18. The Stock Broker shall not be responsible for the non-receipt of the
trade confirmation due to any change in the correspondence address
or E-mail Address of the Client not intimated to the Stock Broker in
writing. The Client is aware that it is his responsibility to review the
trade confirmations, the contract notes, the bills or statements of
account immediately upon their receipt. All information contained
therein shall be binding upon the Client, if the client does not object in
writing to any of the contents of such trade confirmation/intimation
within twenty four hours to the Stock Broker.
2.19 The Stock broker may allow/disallow client from trading in any
security or class of securities or derivatives contracts and impose
such conditions for trading as it may deem fit from time to time.
2.20 Client is aware about the rules bye-laws and regulations of the
Exchange and SEBI. Client is aware that dealing at unreasonable
prices, making cross deals in illiquid scrips without economic
rationale, price rigging and such other acts or trade practices
are in violation of the Bye-Laws, Rules, Regulations of the
Exchange and SEBI. The client hereby undertakes not to indulge
into such malpractices.
2.21 The Stock Broker shall also send the Order/Trade confirmation
slip through E-mail to the CLIENT at his request, after putting an
order or on execution of order/trade on the NEAT Trading
system, as the case may be. The CLIENT acknowledges that the
information sent by Stock Broker by E-mail is deemed to be a
valid delivery of such information by the Stock Broker. The
aforesaid information regarding order and trade confirmation
shall be provided on the device of the CLIENT in case of
securities trading through the use of wireless technology.
3 DEMAT ACCOUNT
3.1 The client acknowledge to open, maintain and operate a valid
demat account with the depository participant designated by
Stock Broker.
3.2 The client acknowledge that the Stock Broker may require the
client, at any time during the subsistence of any arrangement
relating to the subject matter of these presents, to open one or
more demat accounts with the depository participant designated
by Stock Broker. The client acknowledge that the debit/ credit for
all the transactions may be effected in this/these accounts
3.3 The Client also authorizes the Stock Broker to debit charges
payable to depository participant for depository services to the
trading account of the Client maintained with the Stock Broker.
4. BANK ACCOUNT(S)
4.1 The client acknowledge that the Stock Broker may, at any time
during the subsistence of any arrangement relating to the
subject matter of the presents, require the client to open one or
more accounts with a designated bank. The client acknowledges
that the debit/credit for all the transactions may be effected in
this/these accounts.
4.2 The client acknowledge that the Stock Broker shall have the right,
at any time during the subsistence of this Terms and Conditions,
to give any instructions pursuant to transactions covered under
this Terms and Conditions to the banks with whom it has
affiliations or any other arrangement, in respect of the account
of the client maintained with such bank. The client acknowledge
that he shall have no cause of action in respect of any instruction
that may be given to the bank in respect of the accounts
maintained with such bank in pursuance of the presents.
4.3 The client acknowledge that the Stock Broker may reveal certain
information available with the Stock Broker in the course of the
arrangement with the client, to the bank with whom such client
maintains bank accounts pursuant to these presents, and the
client shall have no remedy therefrom.
4.4 The client acknowledge that in the event the designated bank
terminates the Terms and Conditions with the client in respect of
the bank account maintained by the client with such designated
bank, for any reason or informs the Stock Broker of any
misdemeanor or transgression by the client in the operation of
the account or in any other circumstance resulting in the closure
or in operation of the said bank account with the designated
bank, the Stock Broker may, at its discretion terminate services
to the client and the client shall have no remedy therefrom.
4.5 The client confirms that the bank account linked to the trading
account is the valid bank account of the client.
5 OTHER SERVICES:
5.1 Stock Broker through its web-site www.sharekhan.com or any other
means intends to offer various services including the Mutual fund
offered through the Exchange platform.(the Services) to the Client.
The Client may avail any or all such services that are introduced on or
any other application as may be offered (referred as the Website).
These Services shall include but shall not be limited to transactions for
the purchase or sale of shares and securities or an order for the
purchase or sale of or an application for any offer or public issue of
shares, scrips, stocks, bonds, debentures, units of any Mutual Fund
or any other security or financial instrument, derivative, Small Saving
Schemes, Bonds, Fixed Deposits, Public Provident Fund and
insurance policies, products and services, whether life or general or
otherwise or such other products or services that Stock Broker may in
its absolute discretion introduce or offer from time to time
(hereinafter referred to as Investment Products).
5.2 The client has satisfied itself of the capacity of Stock Broker to
offer services relating to investment by Client in Investment
Products and the Client shall continue to satisfy itself of such
capacity of Stock Broker before availing any services.
5.3 The transactions shall be executed in accordance with the
applicable laws, byelaws, rules and regulations governing the
specific Investment Product. The client shall be bound by circulars
issued by the exchanges, rules regulations and circulars issued
under by SEBI, AMFI and relevant notifications of Government
(Voluntary)
authorities as may be in force from time to time. Stock Broker may,
from time to time, impose and vary limits on the orders which the
Client may place including exposure limits, turnover limits, limits as
to numbers etc. The Client agrees that Stock Broker shall not be
responsible for any variation or reduction that may be deemed
necessary by Stock Broker based on risk perception and other
relevant factors .reason for which may not be disclosed to client.
5.4 The client shall notify the Stock Broker in writing if there is any
change in the information in the client registration form provided by
the client at the time of registering as a client for participating in the
mutual fund segment of the exchange or at any time thereafter.
5.5 The client shall ensure continuous compliance with the
requirements of the exchanges / SEBI and AMFI.
5.6 The client has read and understood the risks involved in investing in
mutual fund schemes and other investment products. The client has
read and understood the contents of the of the Scheme Information
Document and Key Information Memorandum, addendum issued
regarding each Mutual Fund Schemes and any other document with
respect to which he chooses to subscribe/redeem. The client further
agrees to abide by the terms and conditions, rules and regulations of
the Mutual Fund Schemes from time to time.
5.7 The client shall also maintain an account with the depository
participant Sharekhan Limited and shall provide to Stock Broker a
Power of Attorney authorising Stock Broker to debit/credit client's
depository account to the extent required by the transactions
conducted by the said client. Provided that this requirement may be
waived by Stock Broker at its discretion, by suitable modification to the
terms and conditions mentioned on the web-site.
5.8 Stock Broker, after being satisfied that the pre-requisites have
been met by the client, may register the client as a Registered
User of the web-sitewww.sharekhan.com for availing the
Services as may be offered.
5.9 Stock Broker shall, open an account (hereinafter referred to as
the account) in the name of the registered user in the books of
Stock Broker.
5.10 The client shall make an advance payment as may be required
towards availing the Services being availed from time to time
using the web-site www.sharekhan.com or any other mode. If for
any reason the service request is processed by Stock Broker
without receiving advance payment, the Client is obliged to pay
the shortfall together with interest in accordance with the stock
broker's policies and procedures immediately on demand.
Provided that Stock Broker may, at their discretion, at any time
during the subsistence of the arrangements described in this
Terms and Conditions, dispense with the requirement of advance
payment mentioned in this clause, unless such advance is
required as part of the Service process, in which case Stock
Broker shall not proceed with rendering service on behalf of the
client until such advance has been duly paid by the client. Stock
Broker shall, after registration, and opening of the account,
provide to the registered user, a log-in password which will
enable him/her/them to avail of the Services through the said
web-site. The Services shall be available to the registered user
subject to the terms and conditions mentioned on the website.
The client also acknowledge to indemnify Stock Broker from any
loss, injury, claim or action instituted against Stock Broker arising
from the misuse of the password by any party Client may use the
login-in password(s) as may be already provided to the Client, if
the Client is using any of the Service being offered by Stock
Broker. If the Client is non-individual, any person logging in for
availing the Service shall be deemed to be authorized to transact
on behalf of the Client. The Stock Broker shall not be liable for
any loss that may result from failure/inability in electronic
connectivity of rejection of any application towards the
investment product for any reason whatsoever.
5.11 Subscription:
5.11.1 Escrow Account: The client acknowledge to open, if required by
the Stock Broker, an escrow account with a bank authorizing
Stock Broker, by way of executing a Power of Attorney to this
effect, to use the monies therein for availing of Services offered
by the stock broker. The client acknowledges that all refunds, if
any, shall be credited to the said account. Further, the client
acknowledges that all applications subscribed to by Stock Broker
on his behalf shall be based on the balances available in the said
escrow account. Transfer of funds by the Client from his account
with a bank to the designated account of Stock Broker may also
be used for fulfilling the Services being availed by the client.
5.11.2 The client acknowledge that the use of the transfer cash
module available on the web-site shall be treated as a valid
request to Stock Broker to transfer cash to/from the said trading
account. Client acknowledges that the funds will be transferred
to Client only on Client requesting for the same through
Sharekhan.com or through any other mode.
5.11.3 All transfers to and from the escrow account or any other account
shall be made in the manner and by following the procedure
mentioned in the terms and conditions on the web-site. All
transfers to the Stock Broker shall be made from the bank
account held in the name of the Client only.
5.11.4 Notwithstanding, anything contained in any other arrangement
between the parties hereto, the client authorises Stock Broker to
release all payments due to them from the escrow account or any
other account that they maintain in accordance with the terms
hereof, against specific request in that behalf made in the
manner and following the procedure laid down in the terms and
conditions mentioned in the web-site.
5.12 BENEFICIARYOWNERACCOUNT FORDEMAT SECURITIES
5.12.1 The client has opened or acknowledges to open a valid
Beneficiary Owner Account for Demat Securities (Demat
Account) with the Stock Broker in its capacity as Depository
participant or with any other Depository Participant as may be
designated by Stock Broker
5.12.2 The client further acknowledge that all securities due from/to to the
client on account of any transaction executed pursuant to the
Services availed through the website of Stock Broker or otherwise
shall be settled only through such Demat Account as has been
opened pursuant to this Terms and Conditions and that such
settlement shall be valid discharge of obligation by Stock Broker.
5.12.3 All modifications to terms of service shall be made solely at the
discretion of Stock Broker and shall be intimated to the client by
a suitable modification to the terms and conditions on the web
site. The registered user agrees to be bound by the modification
so made to the web site.
5.13 TRANSACTION PROCESSING
5.13.1 The client acknowledge that all transactions requested/initiated
(Voluntary)
through the web-site or otherwise will be forwarded to the
concerned party in whose Investment Product, the Client is dealing
with, in accordance with the terms and conditions as displayed on
the website and terms and conditions of the respective Investment
Product as provided by the party issuing such Investment Product.
5.13.2 Stock Broker will update the client with the status of transactions
requests received by Stock Broker through the electronic
me di u m. S t oc k Br ok e r may a l s o s e n d s u c h
information/confirmation by electronic mail / SMS or through any
other mode as specified in the terms and conditions mentioned
on the web-site, at the address mentioned in this agreement, or
any other address as may be specified expressly by the client
from time to time, to Stock Broker.
5.13.3 The client acknowledge that if, due to any reason whatsoever his
transaction request is not accepted / processed, then in such an
event the said transaction shall stand rejected and Stock Broker
shall not be held responsible in any manner whatsoever. The
client acknowledge further that Stock Broker may reject any
transactions if the same are rejected by the party issuing the
Investment Product or their authorized representatives, the
client acknowledge that the order shall remain declined and shall
not be re-processed, in any event.
5.13.4 Stock Broker may, at their sole discretion, reject any transaction/
application/order/bid placed on the web-site or any other mode
due to any reason including non-availability of funds.
5.13.5 The client acknowledges further that Stock Broker shall have the right to
reject any transaction placed by the client, for any reason and at any time
without notice to the client. Provided that a transaction placed by the
client may be rejected by Stock Broker, in the event of impossibility, or
pursuant to any of the terms mentioned in this Terms and Conditions,
the circulars, rules, regulations, notifications, bye-laws or legislation of
any regulatory authority, or pursuant to any terms/arrangement
between the client and Stock Broker or the client and the depository
participant, whether such arrangement is entered into prior to or during
the subsistence of the present Terms and Conditions.
5.13.6 The client acknowledge that, if the transaction is not accepted on
the web-site or any other mode, for any reason, Stock Broker
shall have the right to treat the transaction as having lapsed. The
client acknowledge that Stock Broker shall not be liable or
responsible for non-acceptance of the transaction of the Client
due to any link/system failure at the end of the client, Stock
Broker, Exchange, or any other party.
5.13.7 The client acknowledge, that in the event that there is a shortfall
in the account opened pursuant to this Terms and Conditions
with the bank or the depository participant, Stock Broker may, at
their discretion, reject the client's transaction, or reduce the
transaction size than that initiated by the client, or carry out the
transaction after the money is credited to the client's account.
5.13.8 Stock Broker shall have the right to collect any monies or part
thereof, that may become payable by the client at any time during
the subsistence of the registration of the client with Stock Broker.
5.13.9 Stock Broker may at their sole discretion permit clients to use the
web-site for the routing of their transaction irrespective of the
amount in balance in the account of the client.
5.13.10The client acknowledge to abide with and be bound by all the
Rules and terms and conditions that Stock Broker may issue from
time to time through their web-site or through any other mode,
and all the rules, regulations and bye-laws of the Exchange,
Securities Exchange Board of India, any other regulatory body,
or any other concerned person as are in force for transactions
on their behalf carried out by Stock Broker.
5.13.11The Client shall pay all charges to Stock Broker, for the purpose of
opening and maintaining the account as aforesaid, and for obtaining
the Services in addition to the fees and statutory levies as are
prevailing from time to time and as they apply to the client's account
with respect to the services that the stock broker renders the client
5.13.12The Client shall act in compliance with the rules/circulars that
Stock Broker may issue regarding the fees that may be charged
and the operational details regarding the use of such services.
5.13.13Stock Broker will update all transactions as and when there is any
update available at its disposal through its web-site or any other
mode.
5.13.14 Any and all instructions issued by an authorized representative
of the client shall be binding on the client in accordance with the
letter authorizing the said representative to deal on behalf of the
client.
5.14 Clearing and Settlement: Stock Broker will credit the securities
due to client on account of any transaction carried out to the
Demat account of the client with the designated Depository
Participant or as per the terms and condition specified on the
site
6 MAINTENANCE OF TRADING ACCOUNT
6.1 The Client has requested and hereby authorizes the Stock Broker to
consider his account with the Stock Broker in various exchanges on a
consolidated basis along with any sum due under any account with the
stock broker for the purpose of determining collection/payment of
dues with respect to funds securities due to/due from Stock Broker.
The client has represented that this will facilitate him in day-to-day
operations in movement of funds and securities. In consideration of
Stock Broker agreeing to this, the Client acknowledge that if any
amount is overdue from/to him including the interest on delayed
payment, the same shall be adjusted by the Stock Broker from dues
owed to the Client by/from in any exchange. The Client authorizes the
Stock Broker to make adjustments and/or to set off a part or whole of
the securities placed as margin/collateral, and/or any credit in any
account of the Client so maintained with the Stock Broker against the
outstanding dues in any of the account maintained by the Client with
the Stock Broker This authorization is pursuant to the right of set off
given to the stock brokers. This authorization shall be treated as
standing authorization and any entry passed or adjustments done by
the Stock Broker shall be binding on the Client. The client understands
and confirms that this authorization forms basis for Stock Broker to
give trading limits and for any other facilities offered by the Stock
Broker to the Client. Merely on the ground that according to the rules
bye-laws and regulations of the exchange and SEBI, the Stock Broker
is required to maintain segment wise/ exchange wise account of the
Client, the Client shall not dispute such entries passed by the Stock
Broker. For the purpose of giving effect to this arrangement.
The Client expressly permits the Stock Broker to share
information relating to the Client with its group/associated
companies/sister concerns
6.2 The Exchanges require the Stock Broker to maintain the client
account for each Exchange/ segment separately. For this purpose
Stock Broker may allocate the payment received from client and
(Voluntary)
payments made to the client to any of the account of the client for
any exchange/segment. Similarly the client authorizes the Stock
Broker to pass such entries to adjust the debit/ credit balance of
the client in trading account of one Exchange/segment to the other
or vice versa. The client also authorizes the Stock Broker to
maintain consolidated account of the client to facilitate the day-to-
day operations. Such consolidation and segregation of client
account as maintained by the Stock Broker shall be binding on the
client. Without affecting the generality of the aforesaid the parties
hereto acknowledge as follows:
6.2.1 Money pay in to Stock Broker: The client acknowledge that all
payments due to the Stock Broker will be made within the
specified time and in the event of any delay, the Stock Broker may
refuse, at their discretion, to carry out transactions on behalf of
the client. The client acknowledge that alternatively, the Stock
Broker may, at their sole discretion, square off such transactions
or close-out the position and the costs/losses if any, thereof
shall be borne solely and completely by the client. All payments
made to the Stock Broker shall be from the account of client and
shall not be from any third party.
6.2.2 Money pay out by Stock Broker: Notwithstanding anything
contained in any other Terms and Conditions or arrangement, if
any, between the parties hereto, the client hereby authorises the
Stock Broker to release all payments due to him from the trading
account maintained with the Stock Broker, against specific
request in that behalf made in the manner and following the
procedure laid down in the terms and conditions. For the
purposes of this clause, any request made through or on the
web-site or otherwise intimated shall be sufficient for the Stock
Broker to execute an instruction. Any payment made to the
designated bank account as per information available with the
Stock Broker shall be deemed to be payment made to the client.
6.2.3 Securities pay in to Stock Broker: All delivery to be effected to the
Stock Broker for a trade must be made within 24 hours from the
execution of the sale order or 1 day before the pay-in date, whichever
is earlier. Losses, if any, that may accrue in the event of default in
completing the delivery on the Exchange by the Stock Broker as a
result of any delay in the delivery by the client, shall be borne solely
and completely by the client. Losses for the purposes of this clause
shall include auction debits/penalty charges, if any incurred as a
result of non-delivery of securities on the settlement date on the
Exchange. No third party shares will be sold through the Stock Broker
or third party payment should be made to Stock Broker and client will
be solely responsible for any violation. If the client has sold any
securities in anticipation of receipt of securities from the exchange
against purchase in previous settlements, such sale shall be at the
sole risk as to costs and consequences thereof of the client.
6.2.4 Securities pay out by Stock Broker: The Stock Broker may directly
credit the demat account of the client with the depository
participant Provided that if the order placed by the client through
the web-site or otherwise is for securities which are in the no-
delivery period, such securities shall be credited to the trading
account of the client only at the time of settlement of trades, as per
the schedule of the Exchange. However, if any sum is due from the
client the Stock Broker may withhold the credit of securities to the
demat account of the client. However the client authorizes the
Stock Broker to withhold the securities to meet liabilities of client to
the Stock Broker under this Terms and Conditions.
6.2.5 Securities shortages in pay in and pay out: The client
acknowledge to be bound by the guidelines, including the rules
pertaining to the adjustment of shortages in the client's position
in securities transacted on behalf of the client, by the Stock
Broker, either through orders placed through the use of the e-
broking services and dial- up services of the Stock Broker or
otherwise as may be issued by the Stock Broker from time to
time. In case of internal shortage of securities, any entry passed
to the account of Client in accordance with practice consistently
followed by the Stock broker across all its Clients shall be binding
on the Client. Further in case of shortage of securities, the Client
authorizes the Stock Broker to borrow shares on behalf of the
Client and debit the charges for the same to the Client's account
maintained with the Stock Broker.
6.2.6 Stock Broker is entitled to consider any sum or money or security
lying to the credit of the Client as margin received.
6.2.7 In case the client authorizes the stock broker to adjust the
balances and credit available in his/her account with Client's
relative account, in such cases the stock broker is entitled to
adjust the available balance in client's account with that of his
relatives where an authority has been given by the client and
such adjustment shall be binding on the Client. Further client
acknowledge that not passing of Journal entries by the stock
broker shall not amount to client denying such authorization.
6.3
6.4 The Client and the Stock Broker hereby agree and confirm that all
rights, liabilities and obligations pertaining to the pledged
securities shall be subject to the rights of the person in whose
favour pledge has been created by the Stock Broker. The client
hereby further agrees and confirms that the pledge created shall
not be released or discharged until repayment of the loan
availed. The Client shall raise no objection to any action taken
against Stock broker pursuant to the aforesaid pledge
7 REPRESENTATIONS AND WARRANTIES
7.1 The Client acknowledges that he has the required legal capacity
and is authorized to enter into this Terms and Conditions and is
capable of performing his obligations and undertakings. Also the
client hereby warrants that the terms of the presents are not in
contravention of any rights of any party with whom such client
has any arrangements, at any time during and prior to the
execution of this Terms and Conditions.
7.2 All actions required to be taken to ensure compliance of all the
transactions, which the client may enter into pursuant to this
Terms and Conditions with all applicable laws, shall be completed
by the client prior to such transaction being entered into.
7.3 Any instructions given by an Authorised representative of the
client to the Stock broker or to Stock Broker's representative,
shall be binding on the Client.
7.4 The client acknowledge that he is trading for his own account and
shall not act as a Sub-broker of the Stock Broker without the
prior written permission of the Stock Broker and without
The client agrees that the stock broker may in its turn place any
of the securities placed by him/her/it as margin / settlement
obligations by way of pledge or hypothecation or margin on his
behalf to meet its own obligation, as the Stock Broker may deem
fit. The client authorizes the Stock Broker to do all such acts,
deeds and things as may be necessary and expedient for the
above purpose as permitted by the exchanges/ regulators
(Voluntary)
obtaining the certificate of registration from the Securities and
Exchange Board of India (SEBI).
7.5 Though the Terms and Conditions has been divided into sections
governing transactions in various segments/services, the Terms
and Conditions shall be binding on the parties in its entirety.
Entering into this Terms and Conditions governing transactions
in multiple segments/services shall not be a reason for disputing
any transaction or account of client with the Stock Broker.
7.6 The client warrants that he has, maintained and operates a valid
account with a designated bank for execution of orders through
the E-broking facilities or otherwise.
7.7 The client acknowledge to provide and continue to provide all
details about themselves as may be required by the Stock Broker
including but not restricted to PAN Number or Unique
Identification Number (issued by SEBI) and states that all details
and facts represented to the Stock Broker are true.
7.8 The client represents and warrants to the Stock Broker that all
the information provided and statements made in the clients
account application are true and correct and are not misleading
(whether by reason of omission to state a material fact or
otherwise) and the client is aware that the Stock Broker has
agreed to provide the Stock Broker's service to the client on the
basis inter-alia, of the statements made in client's account
application.
7.9 The Client expressly permits the Stock Broker to share
information relating to the Client with its group/associated
companies/sister concerns for the purpose of updating it's
records and also for any other purpose.
7.10 The client agrees to inform Sharekhan, of change in the details
mentioned in the client registration form either by submitting the
application in a physical for or by requesting the change through
the secured access with the client's login id and password.
7.11 The client acknowledges that the E-broking services may involve
the services of third party service provider and may influence
the nature, and quality of service which the clients avail from the
stock broker. The stock broker shall not be responsible for the
quality or availability of such services
7.12 The client assumes complete responsibility for the safe custody and
usage of device used for trading though the wireless technology
and losses arising there from. The client further acknowledges that
he will not hold the stock broker responsible in case of improper
usage of the device by any person other than himself.
7.13 The client warrants that all or any securities deposited by him
with the Stock Broker in respect of margin requirements or
otherwise, are owned by him and that the title thereof is clear
and free of encumbrances.
7.14 The Client understands that the Exchange asserts a proprietary
interest in all of the market data it furnishes, directly or through the
Stock broker or otherwise. The Client understands that the
Exchange does not guarantee the timeliness, sequence, accuracy
or completeness of market data or any other market information,
or any messages disseminated by it. Neither the Stock broker nor
the Exchange shall be liable in any way for incorrect, misleading,
incomplete or dated data or information and, if the Client acts on
the basis of the same, he shall do so at his own risk and cost.
7.15 The Client shall not furnish market information provided by the
Exchange to any other person or entity for consideration or
otherwise and in the event the Client uses such information he
shall do so at his own risk and cost.
8 FEES AND BROKERAGES, DEFAULTBYTHE CLIENT, TERMINATION
AND ARBITRATION, etc. TERMS OF CONSIDERATION
8.1 COMMISSIONS AND BROKERAGE: All commissions and charges
leviable on transactions in securities pursuant to this Terms and
Conditions shall be payable as mentioned below;
8.2 The Client acknowledge to pay the stock broker brokerage,
commission, fees, service tax and other taxes and transaction
expenses as they exist from time to time and as they apply to the
Client's account and transactions, and the services that he
receives from the stock broker The Stock Broker shall charge
brokerage to the clients at a rate as mentioned on the web-site
or otherwise intimated and as may be mutually agreed and
modified from time to time.
8.3 A schedule of brokerage, fees and commissions, applicable service
and other taxes and other transaction expenses shall be provided
by the Stock broker to the Client from time to time upon request by
the Client subject to the terms and conditions on the website
8.4 USER FEES/ OTHER CHARGES:
The client acknowledge that the Stock Broker may charge user fees
for the use of any other service including but not restricted to the e-
broking services and dial up services, at a rate mentioned on the web-
site or otherwise intimated and as may be modified from time to time.
The stock broker may charge the client on account of processing cost
associated with issuance of physical contract note The Stock Broker
may charge any other relevant charge in the manner intimated on the
web-site or in any other manner from time to time including but not
limited to Trade Commissions, Service Tax, Turnover Charges, Tax
Expenses incurred, Stamp Duty, etc., as applicable.
8.5 The Client also acknowledge and authorizes the Stock Broker, upon
receipt of intimation from the designated depository participant, to
debit the trading account of the client towards depository charges
payable by the client to the designated depository participant and
make onward payment to the designated Depository Participant.
8.6 All references to the specific quantity/rate/fee mentioned in this
Terms and Conditions are subject to change from time to time, as
so agreed to in writing between the parties.
9 DEFAULTANDCONSEQUENCES THEREOF
9.1 The client acknowledge that he shall be deemed to have
defaulted the terms of this Terms and Conditions in
circumstances including but not restricted to the following:
9.1.1 Any delay in payment of margins, charges or delivery in respect
of this Terms and Conditions for transactions executed on behalf
of the client.
9.1.2 Any contravention of the terms contained in this Terms and
Conditions or on the web site.
9.1.3 Any misrepresentation or false statement or omission, or
misleading information supplied by the client to the Stock Broker.
9.2 In the event of default under this Terms and Conditions by the
client, the Stock Broker shall be entitled to any or all of the
following courses of action.
9.2.1 Immediate termination of this Terms and Conditions and
terminations of provision of services in terms of this Terms and
Conditions;
9.2.2 Other remedies as may be available in terms of the law in force,
at that point of time.
9.2.3 Arbitration in terms of this Terms and Conditions.
9.2.4 Charge of an amount that shall not exceed the actual losses
incurred by the stock broker consequent to the default along with
the interest at market rates.
9.2.5 The client acknowledge, that without prejudice to any other
remedy or right prescribed in the presents, the Stock Broker may
levy various charges, statutory levies, delay payin charges in
accordance with the stock broker's policies procedures
10 SET-OFF
10.1 The client authorises the Stock Broker to block securities against
pending order or pledge securities in favor of the Stock Broker
against any of his dues, provided that this requirement may be
waived by the Stock Broker, at its discretion, by suitable
modification to the terms and conditions.
10.2 The stock broker may debit the client's Trading account towards
monies / fees / charges etc. payable to Sharekhan or to a Third Party
service provider or to any of the affiliates / subsidiaries of Sharekhan
by virtue of the client subscribing to any of the facilities/services
provided either by Sharekhan or through a Third Party service
provider or by any other security or financial instrument on behalf of
the client through Sharekhan or any third party.
11 VERIFICATION: Stock broker may adopt any such processes or
procedures to verify the genuineness of the client and the
documents submitted by the client from time to time and client
acknowledge to comply with such processes and procedures.
Such processes and procedures may involve appointment by
stock broker an outside agency.
12 INVESTMENT OR ANY OTHER ADVICE
12.1 The client acknowledge that the Stock Broker shall not be
required to provide the client with any form of legal, tax,
investment or accounting related advice. Or advise regarding the
suitability or profitability of a security or investment.
12.2 The client acknowledges that none of the services available on
the web-site or through any literature or brochure issued by the
Stock Broker shall amount to investment advice on the part of
the Stock Broker.
12.3 The Client also acknowledges that the Stock broker's employees
are not authorized to give any such advice and that the Client will
not solicit or rely upon any such advice from the Stock broker or
any of its employees.
12.4 The Client acknowledge that in the event of the Stock broker or
any employee or official of the Stock broker providing any
information, recommendation or advice to the Client, the Client
may act upon the same at the sole risk and cost of the Client, and
the Stock broker shall not be liable or responsible for the same.
12.5 The Stock broker, its officers, directors, partners, employees,
agents and affiliates will have no liability with respect to any
investment decisions or transactions of the Client.
12.6 The Client assumes full responsibility with respect to his
Decisions, Investments, and transactions.
13 MISCELLANEOUS
13.1 The singular shall include the plural where the context so admits
and vice versa.
13.2 The masculine shall include the feminine and the neutral and vice
versa.
13.3 The client acknowledge to abide by operational procedures laid
down by Stock Broker regarding banking transactions, billing
etc. and any changes made in these procedures from time to
time and mentioned on the web site.
13.4 Words and expressions which are used in this Terms and Conditions,
but which are not defined herein shall, unless the context otherwise
requires, have the same meaning as assigned thereto in the rules,
Byelaws and Regulations of the Exchange & circulars issued there
under. Further, provisions of this Terms and Conditions shall be
subject to the Exchange Provisions, the Rules, Bye-Laws,
Regulations, and other provisions of its clearing house, if any, the
provisions of the Securities and Exchange Board of India Act, 1992,
the Securities Contracts (Regulation) Act of 1956 and the rules and
regulations made there under and as amended from time to time.
14 MODIFICATIONS
14.1 All modifications to this Terms and Conditions shall be made in
accordance with the SEBI / Exchange requirements and shall be
intimated to the client by a suitable modification to the terms and
conditions or other applicable section on the web-site or in any
other manner. All modifications to the voluntary clauses shall be
modified by giving notice of 15 days to the client, In the event where
the client has not objected to revised terms within 15 days of
receiving the notification , the same shall be binding on the client.
14.2 The client acknowledge that a modification to the information in
the terms and conditions section on the web-site or any other
applicable section and a display of the modification for the
duration of the applicability of such modification to the
circumstances of the client, shall be sufficient notice to the client,
to take note of such modification.
15 ASSIGNMENT:
16 NOWAIVER:
The failure on the part of Stock Broker from taking any action
against the client for any breach or breaches of the Terms and
Conditions shall not constitute a waiver by the Stock Broker of
any subsequent or continuing breach thereof by the client.
17 INDEMNITY
17.1 The Stock Broker shall be indemnified by the client in case of any
action initiated against the Stock Broker by any party not privy to
this contract, and it shall be the duty of the client to bear out of
The client acknowledge that the stock broker may during the
subsistence of these presents, assign, transfer or otherwise
alienate, by executing Terms and Conditions or in any other manner,
all or any of its rights and/ or obligations in accordance with the
exchange or regulator's requirements terms of this Terms and
Conditions to any person or entity including but not limited to its
affiliates, associates or sister companies and the rights and
obligations of the Stock Broker under this Terms and Conditions or
any amendment or modification hereto shall vest and ensure for
such assignee after the same is informed to the client pursuant to
the regulatory permissions granting such transfer or alienation
their funds, all costs, losses and expenses which any such Stock
Broker may incur or become liable to pay, by reason of any event
in the course of the use of the said services of the client.
17.2 In the event of death or insolvency of the client, winding up or
liquidation, or their otherwise becoming incapable of receiving
and paying for or delivering or transferring securities which the
client has ordered to be bought or sold, the Stock Broker may
close out the transaction of the client and the client or his legal
representative shall be liable for any losses, costs and be
entitled to any surplus which may result therefrom.
17.3 The client is aware that authentication technologies and strict
securities measures are required for internet trading/ Securities
trading through wireless technology through order routed system
and undertake to ensure that the password of the client and/or
their authorized representatives are not revealed to any third
party. The client also acknowledge to indemnify the Stock Broker
from any loss, injury, claim or any action instituted against the stock
broker arising from the misuse of the password by any party.
17.4 The client shall indemnify and keep indemnified the Stock Broker
harmless from and against all claims, demands, actions, proceedings,
loss, damages, liabilities, changes and / or expenses that are
occasioned or may be occasioned to the Stock Broker directly or
indirectly, as a result of bad delivery of shares /securities and / or as a
result of fake / forged / stolen shares / securities / transfer documents
that are introduced or that may be introduced by or through the client
during the course of his dealings/operations on the Exchange.
18 FORCE MAJEURE:
The Stock Broker shall not be responsible for delay or default in the
performance of their obligations due to contingencies beyond their
control, such as (including but not limited to) losses caused directly or
indirectly by exchange or market rulings, suspension of trading, fire,
flood, civil commotion, earthquake, war, strikes, failure of the systems,
failure of the internet links or government / regulatory action.
19 SEVERANCE :
In the event of any one or more of the provisions contained in this
Terms and Conditions becomes invalid, illegal or unenforceable in
any respect under any law for the time being in force, the validity,
legality and enforceability of the remaining provisions contained
herein shall not in any way be prejudiced or affected thereto.
20 The Client dispenses with the requirement of sending any
communication in physical form. Any communication sent by the
Stock Broker in electronic form to the known E-mail address or
mobile number of client or through access to the web-site of Stock
Broker described in this agreement shall be binding on the client.
21 NOTICES:
All notices, correspondences or communications issued under this
Terms and Conditions shall be served in any one or more of the following
modes of communications and such notice or communication shall be
served at the ordinary place of residence and/or last known web
address / residing address and/or at the ordinary business address of
the party to this Terms and Conditions such as:
a) by hand delivery
b) by post
c) by registered post
d) under certificate of posting
e) by telegram
f) by electronic mail or fax
g) by affixing it on the door at the last known business or
residential address.
h) by oral communication to the party or on the last known
telephone number or on the recording machine of such
number.
i) by advertising in at least one prominent daily newspaper
having circulation in the area where the last known business
or residential address of the party is situated.
j) By notice posted on the notice board of the Exchange if no
address is known. Any communication sent by the Stock
Broker to the Client shall be deemed to have been properly
delivered or served, if such communication is returned to the
Stock Broker as unclaimed / refused / undelivered, if the
same was sent in any one or more of the above modes of
communication to the ordinary place of residence and/or last
known web address / residing address and/ or at the ordinary
business address of the party to this Terms and Conditions.
22 TERMINATION:
22.1 Unless specified otherwise, both parties shall be entitled to terminate
this Terms and Conditions at will and without giving any reasons to the
other party but not without giving a notice in writing of not less than 30
days that shall be dispatched to the address mentioned in this Terms
and Conditions. However, such cancellation or termination shall not
have any effect on any transaction(s) executed prior to the date of such
notice of termination and the rights and obligations in respect of such
transactions shall continue to subsist in terms of this Terms and
Conditions, and / or the terms and conditions as prescribed.
22.2 This Terms and Conditions shall become effective on the date first
written above or the commencement of first transaction,
whichever is earlier and shall remain in full force unless and until
terminated.
22.3 In the event of a Governmental action or action from any regulatory
authorities debarring the Stock Broker from carrying on business
or rendering it impossible to transact the business or broking or E-
broking, this Terms and Conditions shall stand terminated.
22.4 The termination of this Terms and Conditions shall not affect any
rights or obligations of either party which have accrued prior to
the termination or which may arise out of or in connection with
acts done or omitted prior to the termination.
Subject to Stock Broker Client Terms and Conditions, Courts in
Mumbai shall have exclusive jurisdiction for the purpose of
giving effect to these Terms and Conditions.
23 Jurisdiction:
Subject to Stock Broker client Terms and Conditions courts in
Mumbai shall have exclusive jurisdiction for the purpose of
giving effect to these terms and conditions
I have read and understood the above terms and conditions
as specified from Page No. 39 to 48 and hereby agree to
abide by them and any amendments made by the stock
broker from time to time.
(20)
Signature of Client
(Voluntary) (Voluntary)
To,
Sharekhan Limited
10th Floor, Beta Building, Lodha iThink Techno Campus, Off. JVLR,
Opp. Kanjurmarg Station, Kanjurmarg (East), Mumbai 400 042.
Dear Sir,
With respect to the Rights and Obligations / Agreement executed between us I/ we authorize you to do the following:
1) Adjustment of account between segments:
Notwithstanding anything contrary contained in the Rights and Obligations / Agreement between us, I hereby inform you that I have
executed/desire to execute Rights and Obligations including but not limited to agreement(s) for trading on the National Stock Exchange of India
Limited (NSE), Bombay Stock Exchange Limited (BSE), MCX Stock Exchange Limited (MCX-SX) and/or any other Exchange in cash, currency
and derivative segment, , I hereby request you to transfer, make adjustments and/or to set off a part or whole of the securities placed as margin
and/or any surplus funds/ securities in any of my account/(s) maintained with you against the outstanding dues payable if any, by me in any of
my account/(s) maintained with Sharekhan. Sharekhan will have right of lien on the credit balance in any of my accounts. Any entries passed by
you in accordance with this authorization shall be binding on me.
2) Authority to debit the Demat Account operating charges Beneficiary Code:
1. I have a beneficiary account with Sharekhan (DP) with client id as mentioned above.
2. Further I have a trading account with Sharekhan (trading code as mentioned above) for investment and trading purpose.
3. I find it inconvenient to give cheques against your depository bills.
I hereby authorise you to debit the trading account maintained with Sharekhan for the debit charges payable to Sharekhan as Depository
Participant for providing depository services. Any such sum debited to my account shall be binding on me.
3) Authority to debit the Trading Account Opening Charges:
I hereby authorize you to debit the trading account maintained with Sharekhan for the account Opening Charges for offline trading Account
payable to Sharekhan. Any such sum be debited to my account shall be binding on me.
4) Trade Tiger Access Charges.(applicable for online trading only ):
I hereby agree to the Terms and Conditions for the Trade Tiger Access charges, namely:
1. I understand that Sharekhan is entitled to charge an access fee for usage of the trading software Trade Tiger provided to me.
2. I hereby authorize you to debit my account for Rs. 3,000/- and relevant statutory charges towards Quarterly Access Charges for using Trade
Tiger. I further acknowledge that this service would non transferable.
3. I understand that in case I opt for annual subscription, the charges would be Rs. 10,000/- excluding statutory charges
4. I also understand that the upcoming features in Trade Tiger may carry additional charges and that the said charges are subject to change.
5. I understand that the Trade Tiger may be deactivated in case of non-payment of charges and that subscription amount once collected would not
be refunded
6. I acknowledge that the Access charges would be adjusted against the brokerage generated in my account over the subscription period. I also
acknowledge that in case brokerage generated is less than the Access Charges then the balance would not be refundable.
5) Mandate to issue contracts, Statement of Funds and Securities and registration form through E-mail ID:
I understand and agree that in compliance of the obligations contained in the said Rights and Obligations, Sharekhan sends electronic
communication including digitally signed contract notes, Statement of Accounts, bills as well as registration form and other communications
(hereinafter referred to as electronic communications) on the email address provided by me in the KYC to Sharekhan. I understand that the
acceptance of the below mentioned terms and conditions through the electronic form shall be construed as a valid acceptance and shall be
binding on me. I hereby agree and give consent to accept the contract notes for transactions carried on by me with/through Sharekhan, in
Digital form. I undertake to verify the contract notes sent by Sharekhan. If any discrepancy is observed the same shall be forthwith brought to
the notice of the Sharekhan immediately. My non-verification or not accessing the contract notes on regular basis shall not be a reason for
disputing the contract note at any time. Digital contract notes / any statements / circulars / notice issued would be sent to the email id as
mentioned in KYC. In case of any change in Email ID I will communicate to Sharekhan through a physical letter. I understand that non receipt of
bounced mail intimation to Sharekhan, shall be considered as a valid delivery to me/us and Sharekhan shall not be responsible for the
consequences thereof. In case of any discrepancies if any, would be sent to the branch or to E-mail [email protected]. Digital
Contract Notes will also be available at URL https://www.sharekhan.com. In case of any announcement and notices, I/we will raise the query
within the time specified in the respective communication. If I am not able to respond with in the time specified, it shall be assumed that I have
taken the note of the communication and I do not have any objection and/or query on the said communication. Feedback or objections would be
raised by sending an email to [email protected] or any other specified email mentioned in the communication.
6) I confirm that all other terms and conditions mentioned in the Rights and Obligations, including all voluntary clauses and confirmations,
accepted by me/us shall continue to remain binding.
I request you to take the above on record and proceed accordingly.
Yours faithfully,
( Signature of Client)
Name of the client: _________________________
(21)
KNOW ALL MEN BY THESE PRESENTS THAT I/WE Mr. / Mrs. / M/s
(first holder)_____________________________________
(second holder)___________________________________
(third holder) ___________________________________an
individual/a sole proprietary concern/a partnership firm/a body
corporate/trust, registered/incorporated, under the provisions of the
Indian Partnership Act, 1932/the Companies Act, 1956 or any
relevant Act, having his/her/its residence/registered office/place of
business at ______________________________________
_____________________________________________
_____________________________________________
(hereinafter referred to as the client) wish to avail / have availed the
Broking/E-broking facilities and other services offered (hereinafter referred
to as Services) by Sharekhan Ltd. (hereinafter referred to as
Sharekhan), companies incorporated under the Companies Act,1956
and having their offices at
and processing office at
and is a Member (Trading Member) of
The National Stock Exchange of India Limited (NSE) and Bombay Stock
Exchange Limited(BSE) respectively (hereinafter referred to as the
Exchanges) and is also a Depository Participant registered with (NSDL)
Whereas in the course of availing the services and for meeting the
settlement obligations thereof on the Exchanges, I/We do hereby nominate,
constitute and appoint M/s. Sharekhan Limited (Member Broker),
hereinafter referred to as Sharekhan acting through their Directors and/or
duly authorized staff for the purpose, as my/our true and lawful attorneys
for my depository account with Sharekhan Limited (Depository Participant)
DP ID IN300513 Client ID __________ ,to execute and perform severally
the following acts, deeds, matters and things, provided the attorney
complies with all the applicable conditions of all or any of their services
offered by them in their capacity as Stock Brokers
1. To have and exercise the powers and / or authority, and to do and /
or execute the acts, deeds matters and things specified in
agreement between Sharekhan and the Client as may be
applicable in relation to the transactions executed by the client
2. To operate depository account/(s) for the purpose of transferring
any collateral to the margin account and honoring delivery
obligations, for any transaction executed with Sharekhan Limited
which is registered as a Depository Participant and a stock broker
registered with the Securities and Exchange Board of India (SEBI).
3. To sign instructions on my behalf with respect to debit/credit/ the
depository account/(s) for the credit or benefit of my/our account with
Sharekhan, for the transactions carried by me/us with Sharekhan.
4. To issue instructions relating, executing delivery/receipt
instructions, pledge creation instructions, pledge closure
instruction, lending and borrowing instructions, to operate the
10th Floor, Beta Building, Lodha iThink Techno
Campus, Off. JVLR, Opp. Kanjurmarg Station, Kanjurmarg (East), Mumbai -
400 042. G-2, Salzburg Square,107-Harrington
Road, Chetpet, Chennai - 600 031.
POWER OF ATTORNEY - NRE
depository account by issue and receipt of instructions for the
above mentioned purposes and such other authorization given by
me/us severally on behalf of all of us, or all/ any of us jointly, in any
electronic form, in any format and at any time either through the
portal of the Sharekhan or through the internet or any other
electronic mode, will be a valid instruction to Sharekhan. Further
Sharekhan would be the validly constituted attorney to intimate the
same to the Depository Participant for the purposes of debiting or
crediting my account opened with the Depository Participant(s).
5. To validate on my/our behalf any such instruction so given to the
Depository Participant(s), in written / physical or any other form
as may be required by the concerned depository participant.
6. For these purposes and to this extent, Sharekhan is empowered by
me/us, to affix their signatures to any document, form or any other
record, being a delivery instruction given by me/us to the said
depository participant, as required by the concerned depository.
7. I/We also undertake to pay such demat charges/fees and such other
charges incurred by the Sharekhan under this power of attorney
and that I/We further authorize Sharekhan to debit my/our account
with Sharekhan with the said charges as and when the same
becomes due for payment and I/We hereby undertake to pay the
same immediately on demand made by Sharekhan.
8. To register this Power of Attorney with the Depository Participant
and/ or with any other party concerned as is require within the
parameters of this Power of Attorney
9. To sign all applications, apply for, subscribe to or enter into
correspondence with respect to any Initial Public Offers/Offers for
Sale of Securities of the companies /Units of mutual fund, Asset
Management company or any other Investment Products offered
through the website www.sharekhan.com (owned by Sharekhan
Limited) or any other means as per the instructions made available
to them by me/us by electronic mail or through the website or any
other mode as specified on the website or otherwise.
10. To make payment to any party with respect to the aforesaid
products mentioned in point 9 above on my/our behalf to fulfill the
transaction requested by me/us.
11. To enter into correspondence with any party with respect to any
transaction in any Investment Products.
(Voluntary)
(22)
(11)
(11)
Signature of 1st Holder/Client
(23)
Signature of 2nd Holder
(12)
Signature of 3rd Holder
(12)
12. To forward all such applications placed through the website to the
online-IPO module of the concerned Exchange or owner/issuer of
Investment Product.
13. To receive intimation from the Exchange and any other party
regarding the allocation / allotment / rejection / regret of the
securities or such other Investment Product applications /
subscriptions / withdrawal or any other communications.
14. To authorize Sharekhan to invest on behalf of me/us and to hold
the mutual fund /asset management company(ies) based on the
request given by me/us. I confirm not to hold such mutual
fund/asset management company /Sharekhan liable for any
transaction processed on the based on my/our request To
correspond with and give notice to the corresponding asset
management company / body corporate(s)/issuer/registrar and
transfer agent of securities including giving instructions with
regard to nomination/change in investment plans/any other
changes that may be necessitated,pursuant to the authorization
given by me to Sharekhan in this regard.
15. To deposit/transfer on allotment, the securities, debentures, units of
the mutual funds and/or all other investments products applied
through sharekhan, on allotment, to my/our Beneficiary Ownership
Demat Account opened for the purpose with the Share khan-DP.
16. To do all other acts and things as may be necessary to effect the
subscription / purchase / redemption or any other transaction
in any Investment Product for which services availed from
Sharekhan.
17. To debit my Trading account towards monies/fees/charges etc.
payable to Sharekhan or to a Third Party service provider or to
any of the affiliates/subsidiaries of Sharekhan by virtue of I/We
using/subscribing to any of the facilities/services provided either
by Sharekhan or through a Third Party service provider or by any
other security or financial instrument on behalf of me/us though
Sharekhan or any third party.To bind ourselves with respect to any
instruction given by first holder or any other holder to Sharekhan
18. In case of any erroneous transfer done by the attorney, the
attorney may return the same to my account as soon it comes to
their notice.
19. To send the consolidated summary of client wise scrip wise buy
and sell position with average rates by email or SMS.
20. To authorize Sharekhan to transfer the securities to any of the
following demat accounts of Sharekhan mentioned in Annexure B.
21. We the joint holders of demat account agree, ratify and confirm to
bind ourselves to any instructions given by the client herein above
mentioned who shall be the exclusive beneficiary of the
transactions carried out pursuant to this power of attorney the
Director/(s) and/or the Authorized Signatories, who have in token
thereof, subscribed their signature thereto.
That the Power of Attorney herein referred to is revocable at any
time without notice subject to such revocation shall not be applicable
for any outstanding settlement obligation arising out of the trades
carried out prior to receiving request for revocation of POA.
That, I/we hereby declare that all the actions taken by my/our
above mentioned attorney (herein Sharekhan) in this regards
shall be deemed to be actions done by me/us and if necessary
shall be ratified byme/us on the instructions of the said
attorney and that such actions will be binding on me/us.
I/we agree that Sharekhan is entitled to credit the proceeds of
any instruction. This document shall be subject to the
jurisdiction of the courts in Mumbai.
In witness whereof I/we have executed this revocable Power of
Attorney on the day, date and year herein below mentioned.
Dated at _____________ this day of _______________
(In case of an Individual)
1) First Holder Name: ___________________________
Signature: __________________________________
2) Second Holder Name: _________________________
Signature: __________________________________
3) Third Holder Name : __________________________
Signature: __________________________________
Witness :
1. Name: ___________________________________
Address: ___________________________________
_________________________________________
_________________________________________
_________________________________________
Signature: __________________________________
2. Name: ___________________________________
Address: ____________________________________
_________________________________________
_________________________________________
_________________________________________
Signature: __________________________________
(24)
(13)
(13)
(Voluntary)
Annexure B
DP Name DP ID Client ID
Sharekhan Ltd IN300513 13377988
Sharekhan Ltd 12036000 1203600000056193
NSCCL 11000011 1100001100016512
Sharekhan Ltd 12036000 1203600000000076
Sharekhan Ltd 12036000 1203600000063384
Boi-Shareholding Ltd. 11000010 1100001000014903
Sharekhan Ltd 12036000 1203600001669790
MCX-SXCCL 11000028 1100002800001042
KNOW ALL MEN BY THESE PRESENTS THAT I/WE Mr. / Mrs. / M/s
(first holder)_____________________________________
(second holder)___________________________________
(third holder) ___________________________________an
individual/a sole proprietary concern/a partnership firm/a body
corporate/trust, registered/incorporated, under the provisions of the
Indian Partnership Act, 1932/the Companies Act, 1956 or any
relevant Act, having his/her/its residence/registered office/place of
business at ______________________________________
_____________________________________________
_____________________________________________
(hereinafter referred to as the client) wish to avail / have availed the
Broking/E-broking facilities and other services offered (hereinafter referred
to as Services) by Sharekhan Ltd. (hereinafter referred to as
Sharekhan), companies incorporated under the Companies Act,1956
and having their offices at
and processing office at
and is a Member (Trading Member) of
The National Stock Exchange of India Limited (NSE) and Bombay Stock
Exchange Limited(BSE) respectively (hereinafter referred to as the
Exchanges) and is also a Depository Participant registered with (NSDL)
Whereas in the course of availing the services and for meeting the
settlement obligations thereof on the Exchanges, I/We do hereby nominate,
constitute and appoint M/s. Sharekhan Limited (Member Broker),
hereinafter referred to as Sharekhan acting through their Directors and/or
duly authorized staff for the purpose, as my/our true and lawful attorneys
for my depository account with Sharekhan Limited (Depository Participant)
DP ID IN300513 Client ID __________ ,to execute and perform severally
the following acts, deeds, matters and things, provided the attorney
complies with all the applicable conditions of all or any of their services
offered by them in their capacity as Stock Brokers
1. To have and exercise the powers and / or authority, and to do and /
or execute the acts, deeds matters and things specified in
agreement between Sharekhan and the Client as may be
applicable in relation to the transactions executed by the client
2. To operate depository account/(s) for the purpose of transferring
any collateral to the margin account and honoring delivery
obligations, for any transaction executed with Sharekhan Limited
which is registered as a Depository Participant and a stock broker
registered with the Securities and Exchange Board of India (SEBI).
3. To sign instructions on my behalf with respect to debit/credit/ the
depository account/(s) for the credit or benefit of my/our account
with Sharekhan, for the transactions carried by me/us with
Sharekhan.
4. To issue instructions relating, executing delivery/receipt
instructions, pledge creation instructions, pledge closure
instruction, lending and borrowing instructions, to operate the
10th Floor, Beta Building, Lodha iThink Techno
Campus, Off. JVLR, Opp. Kanjurmarg Station, Kanjurmarg (East), Mumbai -
400 042. G-2, Salzburg Square,107-Harrington
Road, Chetpet, Chennai - 600 031.
POWER OF ATTORNEY - NRO
depository account by issue and receipt of instructions for the
above mentioned purposes and such other authorization given by
me/us severally on behalf of all of us, or all/ any of us jointly, in
any electronic form, in any format and at any time either through
the portal of the Sharekhan or through the internet or any other
electronic mode, will be a valid instruction to Sharekhan. Further
Sharekhan would be the validly constituted attorney to intimate
the same to the Depository Participant for the purposes of
debiting or crediting my account opened with the Depository
Participant(s).
5. To validate on my/our behalf any such instruction so given to the
Depository Participant(s), in written / physical or any other form
as may be required by the concerned depository participant.
6. For these purposes and to this extent, Sharekhan is empowered by
me/us, to affix their signatures to any document, form or any other
record, being a delivery instruction given by me/us to the said
depository participant, as required by the concerned depository.
7. I/We also undertake to pay such demat charges/fees and such other
charges incurred by the Sharekhan under this power of attorney
and that I/We further authorize Sharekhan to debit my/our account
with Sharekhan with the said charges as and when the same
becomes due for payment and I/We hereby undertake to pay the
same immediately on demand made by Sharekhan.
8. To register this Power of Attorney with the Depository Participant
and/ or with any other party concerned as is require within the
parameters of this Power of Attorney
9. To sign all applications, apply for, subscribe to or enter into
correspondence with respect to any Initial Public Offers/Offers for
Sale of Securities of the companies /Units of mutual fund, Asset
Management company or any other Investment Products offered
through the website www.sharekhan.com (owned by Sharekhan
Limited) or any other means as per the instructions made available
to them by me/us by electronic mail or through the website or any
other mode as specified on the website or otherwise.
10. To make payment to any party with respect to the aforesaid
products mentioned in point 9 above on my/our behalf to fulfill the
transaction requested by me/us.
11. To enter into correspondence with any party with respect to any
transaction in any Investment Products.
12. To forward all such applications placed through the website to the
(Voluntary)
(25)
(14)
(14)
Signature of 1st Holder/Client
(26)
Signature of 2nd Holder
(15)
Signature of 3rd Holder
(15)
online-IPO module of the concerned Exchange or owner/issuer of
Investment Product.
13. To receive intimation from the Exchange and any other party
regarding the allocation / allotment / rejection / regret of the
securities or such other Investment Product applications /
subscriptions / withdrawal or any other communications.
14. To authorize Sharekhan to invest on behalf of me/us and to hold
the mutual fund /asset management company(ies) based on the
request given by me/us. I confirm not to hold such mutual
fund/asset management company /Sharekhan liable for any
transaction processed on the based on my/our request To
correspond with and give notice to the corresponding asset
management company / body corporate(s)/issuer/registrar and
transfer agent of securities including giving instructions with
regard to nomination/change in investment plans/any other
changes that may be necessitated,pursuant to the authorization
given by me to Sharekhan in this regard.
15. To deposit/transfer on allotment, the securities, debentures,
units of the mutual funds and/or all other investments products
applied through sharekhan, on allotment, to my/our Beneficiary
Ownership Demat Account opened for the purpose with the
Share khan-DP.
16. To do all other acts and things as may be necessary to effect the
subscription/purchase /redemption or any other transaction
in any Investment Product for which services availed from
Sharekhan.
17. To debit my Trading account towards monies/fees/charges etc.
payable to Sharekhan or to a Third Party service provider or to
any of the affiliates/subsidiaries of Sharekhan by virtue of I/We
using/subscribing to any of the facilities/services provided either
by Sharekhan or through a Third Party service provider or by any
other security or financial instrument on behalf of me/us though
Sharekhan or any third party.To bind ourselves with respect to any
instruction given by first holder or any other holder to Sharekhan
18. In case of any erroneous transfer done by the attorney, the
attorney may return the same to my account as soon it comes to
their notice.
19. To send the consolidated summary of client wise scrip wise buy
and sell position with average rates by email or SMS.
20. To authorize Sharekhan to transfer the securities to any of the
following demat accounts of Sharekhan mentioned in Annexure B.
21. We the joint holders of demat account agree, ratify and confirm to
bind ourselves to any instructions given by the client herein above
mentioned who shall be the exclusive beneficiary of the
transactions carried out pursuant to this power of attorney the
Director/(s) and/or the Authorized Signatories, who have in token
thereof, subscribed their signature thereto.
That the Power of Attorney herein referred to is revocable at any
time without notice subject to such revocation shall not be applicable
for any outstanding settlement obligation arising out of the trades
carried out prior to receiving request for revocation of POA.
That, I/we hereby declare that all the actions taken by my/our
above mentioned attorney (herein Sharekhan) in this regards
shall be deemed to be actions done by me/us and if necessary
shall be ratified byme/us on the instructions of the said
attorney and that such actions will be binding on me/us.
I/we agree that Sharekhan is entitled to credit the proceeds of
any instruction. This document shall be subject to the
jurisdiction of the courts in Mumbai.
In witness whereof I/we have executed this revocable Power of
Attorney on the day, date and year herein below mentioned.
Dated at _____________ this day of _______________
(In case of an Individual)
1) First Holder Name: ___________________________
Signature: __________________________________
2) Second Holder Name: _________________________
Signature: __________________________________
3) Third Holder Name : __________________________
Signature: __________________________________
Witness :
1. Name: ___________________________________
Address: ___________________________________
_________________________________________
_________________________________________
_________________________________________
Signature: __________________________________
2. Name: ___________________________________
Address: ____________________________________
_________________________________________
_________________________________________
_________________________________________
Signature: __________________________________
(27)
(16)
(16)
(Voluntary)
Annexure B
DP Name DP ID Client ID
Sharekhan Ltd 12036000 1203600000056193
NSCCL 11000011 1100001100016512
Sharekhan Ltd 12036000 1203600000000076
Sharekhan Ltd 12036000 1203600000063384
Boi-Shareholding Ltd. 11000010 1100001000014903
Sharekhan Ltd 12036000 1203600001669790
MCX-SXCCL 11000028 1100002800001042
To,
M/s. Sharekhan Ltd.
Sub: Undertaking for not deducting tax.
In pursuant of my business in future & option market in India with your company, I hereby confirm that:
1) I am Tax resident of ______________ country.
2) I am the recipient as well as the beneficiary of the income earned out of transaction done by me in the F & O segment with your company.
3) I have no permanent establishment as defined in the Double tax avoidance agreement between India & my country Viz _______________
4) I further confirm that I have no fixed base regularly available for the purpose of performing the activities in India.
Signature of the client : ___________________________
F
(30)
51 Version 8.1
To
Sharekhan Limited
Sub: Application for the allotment of NRI code.
I wish to appoint you as my Clearing Member for clearing and settlement of trades done on the futures and options segment of NSE. My details are as follows:
Date:
Name (as appear in Passport)
Passport no
NRO Bank A/c No
Telephone NO
Email ID
Current Address
Permanent Address in India
We request you to kindly get an NRI client code allotted by NSE/NSCCL for the same.
I undertake that all the trades executed through the above allotted NRI Client code will be on my* behalf.
(*If the NRI Client code application is for an HUF then the details of the Karta (Manager) has to be given in the application and in the undertaking should
be provided as follows: I undertake that all the trades executed through the above allotted code will be on behalf of HUF)
Yours sincerely,
Signature of the client
F
(28)
Date:
To
Sharekhan Limited
This is with reference to my passport number__________________________submitted as an identity and address proof which was issued
on______________________and having an expiry date_______________________.
I hereby undertake that the above passport is the only passport that I hold in my name.
Or*
I hereby undertake that the following passports are held by me :
Sr. No. Place of issue (country) Passport Number Date of Issue Date of Expiry
Thanking you
Yours faithfully
Signature of the client: ______________________ Name :__________________________________
* strike of the option which is not applicable
F
(29)
(Voluntary)
(Voluntary)
(Voluntary)
Name of The Executive: Executive Code:
Name of The Manager: Manager Code:
City: Lead Source:
Margin ( ): Account Opening Charges:
FOR OFFICE USE ONLY
Approved By Name : Designation:
Signature With Stamp
Signature:
In case of waiver of account opening fee
Sr. Option
No. Questions A B C D E F
1 How would you like to trade with Sharekhan? Internet Phone/Branch Both
2 Have you been investing or trading in the stock market? Yes No
3 Do you trade in Cash market or Derivative market? Cash Derivative Both None
4 What is your frequency of your investing / trading? Many times a day Once a day Many times Week Once a Week
5 What is your current portfolio size? Below 5-25 25-50 50 Lacs No Portfolio
(Total investment in Shares and Mutual Funds) 5 Lacs Lacs Lacs and above
6 How much more do you plan to invest in stock Below 5-25 25-50 50 Lacs
market in the next 2 years? 5 Lacs Lacs Lacs and above
7 In which range would your annual income fall in to? Below 5 Lacs 5-25 Lacs 25-50 Lacs 50 Lacs
and above
8 What is your existing mode of transaction?
9 Do you have a Relationship Manager allocated to you?
None
No Broker Internet based account Non Internet account
Yes No None
Once a month or more
(Voluntary)
10 Would you like to undergo free education? Investments Trading strategies based on technical analysis
11 How long have you been New 1 to 5 years
investing in stocks? 5 to 10 years More than 10 years
12 What is your source of stock market information? TV channels: CNBC NDTV PROFIT Others (Specify)______
Newspaper: Economic Times Others (Specify)____________
Sharekhan Research Magazines Other research magazines
Friends/Relatives Broker Others (Specify)______________
13 What is your marketstock preference? Market preference Stock preference
Speculator High risk return
Regular investor Bluechip
Occasional investment Stocks valued less than Rs10
Trader Stocks recommended by Sharekhan research
Stocks recommended by other research houses
PROFILE SHEET
Dear Customer,
Please select product that you wish to avail of:
Also, please answer a few questions to help us serve you better
ICICI
Securities
Kotak
Securities
HDFC
Securities
Reliance
Money
Angel
Broking
Anand Rathi
India
Infoline
Motilal
Oswal
Indiabulls Geojit Religare Any other________
Other Brokerage Firm
you are trading with
please tick the
No Brokerage Firm
PMS Mutual Fund Insurance Other Product Interest
FOR OFFICE USE
Profiling Code
1 2 3 4 5 6 7 8 9
(31)
Client Signature : _______________________ Place : ________________________
Client Name : _______________________________________________________
IPO

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