bipinji = 4010 2587 - Ashika · PDF filebipinji = 90070 66040 bipinji = 4010 2587 Rohit Puglia...

42
Acknowledgment Ashika Commodities & Derivatives Pvt. Ltd. Trinity, 226/1, AJC Bose Road, 7th Floor, Kolkata-700 020 Phone : 033-4010-2500 • Fax : 033-2289-1555 Received with thanks the KYC application form of Mr. / Ms. / M/s. with required documents for COMMODITY - TRADING Account Stamp & Signature Date D D M M Y Y Y Y Form No. 21203

Transcript of bipinji = 4010 2587 - Ashika · PDF filebipinji = 90070 66040 bipinji = 4010 2587 Rohit Puglia...

Page 1: bipinji = 4010 2587 - Ashika · PDF filebipinji = 90070 66040 bipinji = 4010 2587 Rohit Puglia = 96819 05050 Rohit Puglia = 90070 66118 Form No. 21204 0001. To know the status of your

Acknowledgment

Ashika Commodities & Derivatives Pvt. Ltd.Trinity, 226/1, AJC Bose Road, 7th Floor, Kolkata-700 020

Phone : 033-4010-2500 • Fax : 033-2289-1555

Received with thanks the KYC application form of Mr. / Ms. / M/s.

with required documents for COMMODITY - TRADING Account Stamp & Signature

Date D D M M Y Y Y Y

Form No. 21203

bipinji = 90070 66040

bipinji = 4010 2587

Rohit Puglia = 96819 05050

Rohit Puglia = 90070 66118

Form No. 21204 0001

Page 2: bipinji = 4010 2587 - Ashika · PDF filebipinji = 90070 66040 bipinji = 4010 2587 Rohit Puglia = 96819 05050 Rohit Puglia = 90070 66118 Form No. 21204 0001. To know the status of your

To know the status of your application kindly call our toll free no. or email us at [email protected] & [email protected]

Toll Free No. 1800 212 2525 • Website: www.ashikagroup.com

bipinji = 90070 66040

bipinji = 4010 2587

Rohit Puglia = 96819 05050

Rohit Puglia = 90070 66118

Form No. 21204 0001

Page 3: bipinji = 4010 2587 - Ashika · PDF filebipinji = 90070 66040 bipinji = 4010 2587 Rohit Puglia = 96819 05050 Rohit Puglia = 90070 66118 Form No. 21204 0001. To know the status of your

ASHIKA COMMODITIES AND DERIVATIVES PVT. LTD. Account Opening KIT

Members of Exchange Member Code No. FMC Registration / Clearing No. Date

National Commodity & Derivatives Exchange Ltd.

Multi Commodity Exchange of India Ltd.

National Multi Commodity Exchange of India Ltd.

Indian Commodity Exchange Ltd.

Ace Derivatives & Commodity Exchange Ltd.

National Spot Exchange Ltd.

NCDEX Spot Exchange Ltd.

NCDEX - 00191

MCX -12010

NMCE - CL0216

ICEX - 1133

ACE - 6031

NSEL - 10830

NSPOT - 20537

NCDEX/TCM/CORP/0045

MCX/TCM/CORP/0241

NMCE/TCM/CORP/0130

ICEX/TCM/CORP/0125

ACEL/TCM/CORP/0213

10830

20537

09/03/2004

06/07/2004

06/07/2007

09/11/2009

26/08/2010

26/07/2008

04/06/2011

Disclosure InformationDisclosure of Proprietary Trading

We, Ashika Commodities & Derivatives Pvt. Ltd., are also engaged in Proprietary trading apart from Client based business.

For any grievance/dispute please contact Ashika Commodities & Derivatives Pvt. Ltd. at the above address or e-mail at [email protected] or call us on our Toll Free No. 1800 212 2525.

In case not satisfied with response, please contact the concerned Exchange(s):

Exchange Contacts

Client Name

Client Trading Code

Client DP Code

Branch Name & Code

Introducer Name & Code

Team Leader Name & Code

Dealer Name & Code

Family Name & Code

Sub Group Name & Code

NCDEX

ACE

MCX

ICEX

NMCE

NSEL

NSPOT

[email protected]

[email protected]

[email protected]

[email protected]

[email protected]

[email protected]

[email protected]

+91-22-6640 6084

+91-22-6670 9200

+91-22-6731 8888, 6649 4000

+91-22-3084 9700

+91-79-4008 6037

+91-22-67619900

+91-22-66406789

‘Trinity’, 226/1, A.J.C. Bose Road, 7th FloorKolkata-700 020

Registered Office

1008, 10th Floor, Raheja Centre214, Nariman Point, Mumbai-400 021

Group CorporateOffice

ComplianceOfficer&CEO

E-mail

Website

Mr. Bajrang Lal Banthia

Ph.: 033-40102500 (Extn. 137)E-mail: [email protected]

[email protected]

www.ashikagroup.com

Phone : 033-4010-2500 • Fax : 033-2289-1555

Phone : 022-66111700 • Fax : 022-66111710

FOR

OFF

ICE

USE

ON

LY

bipinji = 90070 66040

bipinji = 4010 2587

Rohit Puglia = 96819 05050

Rohit Puglia = 90070 66118

Form No. 21204 0001

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FREQUENTLY ASKED QUESTIONS

1. What services can I avail by filling this application form?

By filling this one form you may trade in Commodity Exchanges viz. NCDEX, MCX, NMCE, ICEX & ACE and SPOT Exchanges viz. NSEL & NSPOT

You have to fill a separate form if you are interested in the following services:

a. Depository services (CDSL & NSDL)

b. Equities (BSE & NSE)

c. Futures & Options (BSE & NSE)

d. Currency Derivatives (NSE & MCX-Sx)

e. Mutual Funds

f. IPOs

2. Do I need to give separate documents for availing all these services?

No. You need to give only one set of documents with one photograph.

3. Who can nominate and is making a nomination mandatory?

Only an individual can nominate. Any non-individual like HUF, Body Corporate, etc. cannot nominate. Also note that nominee can also be an individual ONLY.

4. Can a minor open an account?

No. A minor cannot open a trading account in Commodity Market.

5. I have submitted my application, what happens next?

If the AOF is complete in all respect according to the compliance requirements and all the documents required are in order the account shall be opened within two days of receiving it at our HO in Kolkata. You shall also receive a call or personal visit from one of our representative for verification of your details within the said time.

6. How can I check the status of my application?

To know the status of your application please call us at our toll free No. 1800 212 2525, or email us at [email protected]. However, we shall also inform you by e-mail when your application is accepted/rejected.

7. Do I get any intimation once my account is opened?

Once your account is opened ASHIKA shall dispatch a welcome kit to you which contains Welcome Letter, Information Brochures, personalized software/demo CD etc. so that you do not face any problem while operating your trading account.

( ii )

bipinji = 90070 66040

bipinji = 4010 2587

Rohit Puglia = 96819 05050

Rohit Puglia = 90070 66118

Form No. 21204 0001

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Sr No. Details Name Sign Date & Time

1. Documents Verified By

2. Maker (Data entered By)

3. Checker (Data Verified By)

4. Agreement Signed By

5. Audited By

6. Scanned By

For Office use only

First / Sole Holder Signature

SIGNATURE MARK GLOSSARY

Witness Signature

Nominee Signature

Introducer Signature

Signature Sheet

Applicant / Signatory Individual Non-Individual

Introducer ( )

Nominee ( )

Witness ( )

( )Commodity Derivatives

Spot - Fixed Contract

Spot - e-Contract

Pa

ge N

os.

5

5

5, 23, 26

9

23, 26

( )

( )

( iii )

3, 4, 6, 13, 17, 18, 20,

21, 28, 29, 30

7, 8, 9, 10, 13, 17, 18,

20, 21, 28, 29, 30

3, 4, 6, 21, 23, 26, 28 7, 8, 9, 10, 21, 23, 26, 28

3, 4, 6, 21, 23, 26, 28 7, 8, 9, 10, 21, 23, 26, 28

bipinji = 90070 66040

bipinji = 4010 2587

Rohit Puglia = 96819 05050

Rohit Puglia = 90070 66118

Form No. 21204 0001

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ACCOUNT OPENING KITThis KIT is valid for Opening Trading Account with Ashika Commodities & Derivatives Private Limited.

Sr.No. Name of the Document Brief Significance of the Document Page

No.

Mandatory Documents as prescribed by FMC & Exchanges

KYC (Account Opening)Application Form

3 KYC Form - Document captures the basic information about the constituent andan instruction / check list for filling KYC form

1-10

The Trading Code for different desired Segments of the respective exchangeswill be provided on successful generation of the same.

Uniform Risk DisclosureDocument (RDD)

Document detailing risks associated with dealing in the commodities market.

Rights & Obligations ofMembers, AuthorisedPersons and Clients

Document stating the Rights & Obligations of member, Authorised Person andClient for trading on exchanges (including additional rights & obligations incase of internet/wireless technology based trading)

Do's and Don’ts forthe investors

Document detailing do's and don’ts for trading on commodity exchange, for the education of the investors.

Tariff Sheet Document detailing the rate / amount of brokerage and other charges levied onthe client for trading on the commodity Exchange(s).

Declaration on openinterest position(Annexure 1)

Document deals with cognizance to circulars related to calculations ofpermissible net open positions

Board Resolution Format(Trading-Derivatives/SPOT)

In case of corporates the Board resolution format is provided.

Joint Family Declaration In case of HUF the declaration format is provided.

Partnership Declaration In case of partnership account the declaration format is provided.

Voluntary Documents as provided by Ashika Commodities & Derivatives Pvt. Ltd.

Formats

4

5

6

7

11

16

14

15

11-13

14-18

19-20

21

NSEL-MCA Document detailing the Agreement between NSEL-Member and the client8

N-SPOT-MCA9

29Mandate for AuthorisedRepresentative(Annexure 2)

12

Undertaking (Annexure 3)13

Document detailing the Agreement between N-SPOT-Member and the client

22-23

24-26

29

30

31

32

32

Document detailing the various undertaking and agreement stated by the client

Document deals with the consent given by Client to authorise representativeto trade in the commodity market on behalf of the client

ECN Declaration -(Appendix A)

This document deals with the clauses relation to issue of Contract Notes inelectronic format.

10 28

Frequently Asked Questions(FAQs)

1 This Section answers all the Frequently Asked Questions. ii

Signature & SignatureGlossary Sheet

2 This Section gives an illustrative list of Signatures that a client has to provideand Signature Marks used in the Form. iii

Scrutiny Checklist17 This Section is for Official Use 33

Document Checklist18 This Section give details of the documents that haves to be submitted by client. 34-36

bipinji = 90070 66040

bipinji = 4010 2587

Rohit Puglia = 96819 05050

Rohit Puglia = 90070 66118

Form No. 21204 0001

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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 commodity derivatives 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 the copies should be properly attested by entities authorized for attesting the documents, as per the below mentioned list.

3. If any proof of identity or address is in a regional 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) and other applicable statutory approval, 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 along with other statutory approvals required for investment in commodities.

10. 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 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, Professional Bodies such as ICAI, ICWAI, ICSI, Bar Council etc., to their Members; and Credit cards/Debit cards issued by Banks.

( 1 )

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/ 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. Proof of address issued by any of the following: Bank M a n a g e r s o f S c h e d u l e d C o m m e r c i a l Banks/Scheduled Co-Operative Bank/Multinational F o r e i g n B a n k s / G a ze t t e d O f f i c e r / N o t a r y public/Elected representatives to the Legislative Assembly/Parliament/Documents issued by any Govt. or Statutory Authority.

5. 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.

6. The proof of address in the name of the spouse may be accepted.

D. EXEMPTIONS TO PAN

(*Sufficient documentary evidence in support of such claims to be collected.)

1. 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, subject to the continued exemption granted by Government.

E. LIST OF PEOPLE AUTHORIZED TO ATTEST THE DOCUMENTS:

1. Notary Public, Gazetted Officer, Manager of a Scheduled Commercial/ Co-operative Bank or Multinational Foreign Banks (Name, Designation & Seal should be affixed on the copy).

2. 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.

contd

bipinji = 90070 66040

bipinji = 4010 2587

Rohit Puglia = 96819 05050

Rohit Puglia = 90070 66118

Form No. 21204 0001

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F. In case of Non-Individuals, additional documents to be obtained from non-individuals, over & above the POI & POA, as mentioned below:

Types of entity Documentary requirements

Corporate • Copy of the balance sheets for the last 2 financial years (to be submitted every year).

• Copy of latest share holding pattern including list of all those holding control, either directly or indirectly, in the company in terms of SEBI takeover Regulations, duly certified by the company secretary/Whole time director/MD (to be submitted every year).

• Photograph, POI, POA, PAN and DIN numbers of whole time directors/two directors in charge of day to day operations.

• Photograph, POI, POA, PAN of individual promoters holding control - either directly or indirectly.

• Copies of the Memorandum and Articles of Association and certificate of incorporation.

• Copy of the Board Resolution for investment in Commodity market.

Partnership firm • Copy of the balance sheets for the last 2 financial years (to be submitted every year).

• Certificate of registration (for registered partnership firms only).

• Copy of partnership deed.

• Authorised signatories list with specimen signatures.

• Photograph, POI, POA, PAN of Partners.

Trust • Copy of the balance sheets for the last 2 financial years (to be submitted every year).

• Certificate of registration (for registered trust only).

• Copy of Trust deed.

• List of trustees certified by managing trustees/CA.

• Photograph, POI, POA, PAN of Trustees.

HUF • PAN of HUF.

• Deed of declaration of HUF/ List of coparceners.

• Bank pass-book/bank statement in the name of HUF.

• Photograph, POI, POA, PAN of Karta.

Government Bodies • Self-certification on letterhead.

• Authorized signatories list with specimen signatures.

Registered Society • Copy of Registration Certificate under Societies Registration Act.

• List of Managing Committee members.

• Committee resolution for persons authorised to act as authorised signatories with specimen signatures.

Copy of Board Resolution or declaration (on the Letterhead) naming the persons authorised to deal in Commodity derivatives on behalf of Company / firm / others and their specimen signatures.

( 2 )

bipinji = 90070 66040

bipinji = 4010 2587

Rohit Puglia = 96819 05050

Rohit Puglia = 90070 66118

Form No. 21204 0001

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KYC - APPLICATION FORM FOR TRADING A/C - INDIVIDUAL

Please fill this form in ENGLISH and in BLOCK LETTERS in BLACK INKA. IDENTITY DETAILS

12

Name of the Applicant

Name of Father/Spouse

3 a. Gender

4 a. Nationality

Male

FemaleIndian

Other

b. Marital StatusSingle

Marriedc. Date of Birth D D M M Y Y Y Y

Pls specify (if other) b. StatusResident Individual

Foreign National

Non Resident

5 a. PAN, copy attached b. UID/Aadhaar

6 Any other Identity proof submittedNote : If Non-Resident/Foreign National, self-certified copy of statutory approval obtained must be attached

B. ADDRESS DETAILS

1 Correspondence Address

2 Specify proof of correspondence address submitted

3 Contact Details

City/Distt./VillageState

PIN CodeCountry

Telephone (office)#

Fax No.

Email ID

Telephone (Res)Mobile No.

4

Permanent Address(if different from above.

Mandatory for Non-Resident Applicant to

specify overseas address)City/Distt./Village

State

PIN Code

Country5 Specify proof of Permanent address submitted

C. OTHER DETAILS

1

Gross Annual Income(Income Range per Annum, Plz tick) Below ` 1 Lac ` 1-5 Lac ` 5-10 Lac ` 10-25 Lac Above ` 25 Lac

ORNetworth(should not be older than 1 year) Amount (`) As on (Date) D D M M Y Y Y Y

2Occupation (Pls. tick anyone give brief details)

Private SectorRetired

Public SectorHousewife

Govt. Service BusinessOthers (plz. specify)

Professional Farmer

3 Please tick, as applicable

4 Any other information

Politically Exposed Person (PEP) Related to politically exposed person (PEP)

Affix recentpassport size

Photograph andSign across it

Note : Proof of address must be different from proof of identity submitted, #if you have landline connection, kindly provide the same

Yes No Yes No

D. BANK DETAILS (MANDATORY)Bank Account TypeBank Account No.

Bank Name

Pri

ma

ry

Bank Branch Address

MICR Code

Savings Current Others, in case of NRI, NRE/NRO (Plz specify)

City/Distt./VillageState

IFSC Code

PIN Code

Country

Bank Account Type

Bank Account No.

Bank Name

Seco

ndary

(if ad

dition

al, fo

r Trad

ing A/

c)

Bank Branch Address

MICR Code

Savings Current Others, in case of NRI, NRE/NRO (Plz specify)

State

IFSC Code

PIN CodeCountry

Note : Provide a copy of cancelled cheque leaf / pass book / bank statement specifying name of the client, MICR code or / and IFSC code of the bank

Note : Provide a copy of cancelled cheque leaf / pass book / bank statement specifying name of the client, MICR code or / and IFSC code of the bank( 3 )

UCC Code

Reference No.

City/Distt./Village

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bipinji = 90070 66040

bipinji = 4010 2587

Rohit Puglia = 96819 05050

Rohit Puglia = 90070 66118

Form No. 21204 0001

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E. DP DETAILSSr.# Particulars Primary DP Details Secondary DP Details

1

2

3

4

5

DP

DP Name

DP ID

Beneficiary Name

BO/Client ID

NSDL CDSL NSDL CDSL

F. TRADING PREFERENCEPlease sign in the relevant boxes where you wish to trade. The Exchange not chosen should be struck off by the client.

National Commodity & Derivatives Exchange Ltd.

Multi Commodity Exchange of India Ltd.

National Multi Commodity Exchange of India Ltd.

Indian Commodity Exchange Ltd.

Ace Derivatives & Commodity Exchange Ltd.

National Spot Exchange Ltd.

NCDEX Spot Exchange Ltd.

G. INVESTMENT / TRADING EXPERIENCE

KYC - APPLICATION FORM FOR TRADING A/C - INDIVIDUAL

Note : Provide a copy of either Demat Master or a recent holding statement issued by DP bearing name of the client

Name of the National Commodity Exchange# Date of consent for trading on concerned exchange Signature of the Client

D D M M Y Y Y Y

D D M M Y Y Y Y

D D M M Y Y Y Y

D D M M Y Y Y Y

D D M M Y Y Y Y

D D M M Y Y Y Y

D D M M Y Y Y Y

[ In case of allowing a client for trading on any other Exchange at a later date, which is not selected now, a separate consentletter is required to be obtained by the Member from client and to be kept as enclosure with this document ]

No Prior Experience ________ years in Commodities __________ years in other investment related fields

H. SALES TAX REGISTRATION DETAILS (As applicable, statewise)Sales Tax Registration No. Name of State

Local

Central

Other

D D M M Y Y Y Y

D D M M Y Y Y Y

D D M M Y Y Y Y

Validity date

I. VAT DETAILS (As applicable, statewise)VAT Registration No. Name of State

Local

Other

D D M M Y Y Y Y

D D M M Y Y Y Y

Validity date

J. PAST REGULATORY ACTIONSDetails of any actions/proceedings initiated/pending/taken by FMC/SEBI/Stock Exchange/Commodity Exchange/any other authority against theClient /or its partners/promoters/wholetime directors/authorised personin-charge during the last 3 years

K. DEALINGS THROUGH OTHER MEMBERSIf client is dealing through any other Member, provide the following details ( in case dealing with multiple Members,provide details of all in a separate sheet containing all the information as mentioned below)

( 4 )

Member's/Authorised Person's Name

Exchange Exchange Regn. No.

Concerned Member's Name with whom the AP is registered

Registered Office Address

Phone Fax Email

Website Client Code

Details of disputes/dues pending from/to such Member/AP

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2b

2c

2d

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2f

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bipinji = 90070 66040

bipinji = 4010 2587

Rohit Puglia = 96819 05050

Rohit Puglia = 90070 66118

Form No. 21204 0001

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N. NOMINATION DETAILS

L. ADDITIONAL DETAILS

Whether you wish to receive communication from Member inelectronic form on your E-mail ID [if yes, then fill Apendix A] Yes No

KYC - APPLICATION FORM FOR TRADING A/C - INDIVIDUAL

M. INTRODUCER DETAILS (Optional)

Introducer's Name

Introducer's Address

Introducer's Status

Signature

Surname Name Middle Name

Authorised Person Existing Client Other (pls. specify)______________________________

Phone No.

I/We wish to make a nomination(As per details given below)

I/We do not wish to make a nomination(Strike off the nomination details below)

Affix recent passportsize Photograph of the

Guardian of the Nomineein case the nominee is a

minorand the Guardian

should sign across it

Signature of the Nominee

Signature of the Guardian in case the nominee is minor

1 Name of the Nominee (Mr./Ms.)

2 Relationship with applicant, if any

3 Address ofNominee

4 Contact Details ofNominee

City/Distt./VillageState

Telephone (Office)

Fax No.

Email ID

PIN Code

CountryTelephone (Res.)

Mobile No.

PAN

5 Name of the Guardian

6 Relationship with minor, if any

7 Address ofGuardian

8 Contact Details ofGuardian

City/Distt./Village

State

Telephone (Office)

Fax No.Email ID

PIN Code

Country

Telephone (Res.)

Mobile No.

PAN

In case the Nominee is MINOR

Signature of two witnesses for nomination (Required only if nomination is done)Name of the Witness Address of the Witness Signature of witness with date

a.

b.

Nominee's Date of Birth D D M M Y Y Y Y

Affix recentpassport size

Photograph of theNominee

and Sign across it

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bipinji = 90070 66040

bipinji = 4010 2587

Rohit Puglia = 96819 05050

Rohit Puglia = 90070 66118

Form No. 21204 0001

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DECLAR ATION

1. 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 I may be held liable for it.

2. I confirm having read/been explained and understood the contents of the tariff sheet and all voluntary/non-mandatory documents.

3. I further confirm having read and understood the contents of the Rights and Obligations document(s), Risk Disclosure Document and Do’s and Dont’s. I do hereby agree to be bound by such provisions as outlined in these documents. I have been informed that the standard set of documents has been displayed for information on Member’s designated website, if any.

KYC - APPLICATION FORM FOR TRADING A/C - INDIVIDUAL

Signature of the Applicant Date D D M M Y Y Y YPlace

In-Person Verification done by Documents verified with originals by

FOR

OFF

ICE

USE

ON

LY

Employee Name

Employee Code

Employee's Designation

Date

EmployeeSignature

Signature of Authorised Signatory &Seal / Stamp of the Member

I/We undertake that we have made the client aware of tariff sheet and all the voluntary/non-mandatory documents. I/We have also made the client aware of Rights and Obligations document(s), RDD, Do's and Don'ts and Guidance Note. I/We have given/sent him a copy of all the KYC documents. I/We undertake that any change in the tariff sheet and all the voluntary/non-mandatory documents would be duly intimated to the clients. I/We do undetake that any change in the Rights and Obligations and RDD would be made available on my/our website, for the information of the clients. Date D D M M Y Y Y Y

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bipinji = 90070 66040

bipinji = 4010 2587

Rohit Puglia = 96819 05050

Rohit Puglia = 90070 66118

Form No. 21204 0001

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KYC - APPLICATION FORM FOR TRADING A/C - NON-INDIVIDUAL

Please fill this form in ENGLISH and in BLOCK LETTERS and in BLACK INK

A. IDENTITY DETAILS1 Name of the Applicant

2Date of incorporationPlace of incorporationDate of Commencement of Business3a. PAN, copy attached4Status(Please tick any one)

5

D D M M Y Y Y Y

D D M M Y Y Y Y

b. Regn. No. (eg. CIN)

Pvt. Ltd. Co.Others (Please specify)______________________

Public Ltd. Co. Body Corporate PartnershipHUF LLP

C. OTHER DETAILSGross Annual Income (Plz tick) Below ` 1 Lac ` 1-5 Lac ` 5-10 Lac ` 10-25 Lac ` 25 Lac-` 1 Crore1

Networth be older than 1 year)

(Networth should not2

Name, PAN, residential address and photograph ofPromoters / Partners / Karta / Trustees and Wholetime Directors3

DIN/UID of Promoters / Partners / Karta / Trustees andwholetime Directors4

Please tick, if applicable, for any of your authorised signatories /Promoters / Partners / Karta / Trustees / Wholetime directors5

Any other information6

Above ` 1 CroreIncome Range Per Annum

Amount (`) As on (Date) D D M M Y Y Y Y

Please use Annexure - A on Page 8

Politically Exposed Person (PEP) Related to politically exposedperson (PEP)

B. ADDRESS DETAILS

1 Correspondence Address

2 Specify proof of correspondence address submitted

3 Contact Details

City/Distt./VillageState

PIN CodeCountry

Telephone (office)

Fax No.

Email ID

Telephone (Res)Mobile No.

4 Registered Address(if different from above.) City/Distt./Village

State

PIN Code

Country

5 Specify proof of Registered address submitted

Trust

(In case of foreign entity or entity with foreign shareholders, self certified copy of statutory approval obtained must be attached)

YesNo

YesNo

D. BANK DETAILS (Mention Compulsorily)Bank Account Type

Bank Account No.

Bank Name

Pri

ma

ry

Bank Branch Address

MICR Code

Savings Current Others, in case of NRI, NRE/NRO (Plz specify)

City/Distt./VillageState

IFSC Code

PIN Code

Country

Bank Account Type

Bank Account No.

Bank Name

Seco

ndary

(if ad

dition

al, fo

r Trad

ing A/

c)

Bank Branch Address

MICR Code

Savings Current Others, in case of NRI, NRE/NRO (Plz specify)

State

IFSC Code

PIN CodeCountry

Note : Provide a copy of cancelled cheque leaf / pass book / bank statement specifying name of the client, MICR code or / and IFSC code of the bank

Note : Provide a copy of cancelled cheque leaf / pass book / bank statement specifying name of the client, MICR code or / and IFSC code of the bank

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City/Distt./Village

UCC Code

Reference No.

Affix recentpassport size

Photograph andSign across it

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bipinji = 90070 66040

bipinji = 4010 2587

Rohit Puglia = 96819 05050

Rohit Puglia = 90070 66118

Form No. 21204 0001

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E. DP DETAILSSr.# Particulars Primary DP Details Secondary DP Details

1

2

3

4

5

DP

DP Name

DP ID

Beneficiary Name

BO/Client ID

NSDL CDSL NSDL CDSL

F. TRADING PREFERENCEPlease sign in the relevant boxes where you wish to trade. The Exchange not chosen should be struck off by the client.

National Commodity & Derivatives Exchange Ltd.

Multi Commodity Exchange of India Ltd.

National Multi Commodity Exchange of India Ltd.

Indian Commodity Exchange Ltd.

Ace Derivatives & Commodity Exchange Ltd.

National Spot Exchange Ltd.

NCDEX Spot Exchange Ltd.

G. INVESTMENT / TRADING EXPERIENCE

KYC - APPLICATION FORM FOR TRADING A/C - NON-INDIVIDUAL

Note : Provide a copy of either Demat Master or a recent holding statement issued by DP bearing name of the client

Name of the National Commodity Exchange# Date of consent for trading on concerned exchange Signature of the Client

D D M M Y Y Y Y

D D M M Y Y Y Y

D D M M Y Y Y Y

D D M M Y Y Y Y

D D M M Y Y Y Y

D D M M Y Y Y Y

D D M M Y Y Y Y

[ In case of allowing a client for trading on any other Exchange at a later date, which is not selected now, a separate consent letter is required to be obtained by the Member from client and to be kept as enclosure with this document ]

No Prior Experience ________ years in Commodities __________ years in other investment related fields

H. SALES TAX REGISTRATION DETAILS (As applicable, statewise)Sales Tax Registration No. Name of State

Local

Central

Other

D D M M Y Y Y Y

D D M M Y Y Y Y

D D M M Y Y Y Y

Validity date

I. VAT DETAILS (As applicable, statewise)VAT Registration No. Name of State

Local

Other

D D M M Y Y Y Y

D D M M Y Y Y Y

Validity date

J. PAST REGULATORY ACTIONS

Details of any actions/proceedings initiated/pending/taken by FMC/SEBI/Stock Exchange/Commodity Exchange/any other authority against theClient /or its partners/promoters/wholetime directors/authorised personin-charge during the last 3 years

K. DEALINGS THROUGH OTHER MEMBERSIf client is dealing through any other Member, provide the following details ( in case dealing with multiple Members,provide details of all in a separate sheet containing all the information as mentioned below)

Member's/Authorised Person's Name

Exchange Exchange Regn. No.

Concerned Member's Name with whom the AP is registered

Registered Office Address

Phone Fax Email

Website Client Code

Details of disputes/dues pending from/to such Member/AP

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5b

5c

5d

5e

5f

5g

bipinji = 90070 66040

bipinji = 4010 2587

Rohit Puglia = 96819 05050

Rohit Puglia = 90070 66118

Form No. 21204 0001

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DECLAR ATION

Signature of (all) Authorised Signatory/(ies) Date D D M M Y Y Y YPlace

In-Person Verification done by Documents verified with originals by

FOR

OFF

ICE

USE

ON

LY

Employee Name

Employee Code

Employee's Designation

Date

EmployeeSignature

Signature of Authorised Signatory &Seal / Stamp of the Member

Date D D M M Y Y Y Y

1. I/We hereby declare that the details furnished above are true and correct to the best of my/our knowledge and belief and I/We 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/We am/are aware that I/we may be held liable for it.

2. I/We confirm having read/been explained and understood the contents of the tariff sheet and all voluntary/non-mandatory documents.

3. I/We further confirm having read and understood the contents of the Rights and Obligations document(s), Risk Disclosure Document and Do's and Dont's. I/We do hereby agree to be bound by such provisions as outlined in these documents. I/We have been informed that the standard set of documents has been displayed for information on Member's designated website, if any.

I/We undertake that we have made the client aware of tariff sheet and all the

voluntary/non-mandatory documents. I/We have also made the client aware

of Rights and Obligations document(s), RDD, Do's and Don'ts and Guidance

Note. I/We have given/sent him a copy of all the KYC documents. I/We

undertake that any change in the tariff sheet and all the voluntary/non-

mandatory documents would be duly intimated to the clients. I/We do

undetake that any change in the Rights and Obligations and RDD would be

made availbale on my/our website, for the information of the clients.

L. ADDITIONAL DETAILS

Whether you wish to receive communication from Member inelectronic form on your E-mail ID [if yes, then fill Apendix A] Yes No

M. INTRODUCER DETAILS (Optional)

Introducer's Name

Introducer's Address

Introducer's Status

Signature

Surname Name Middle Name

Authorised Person Existing Client Other (pls. specify)______________________________

Phone No.

Form

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bipinji = 90070 66040

bipinji = 4010 2587

Rohit Puglia = 96819 05050

Rohit Puglia = 90070 66118

Form No. 21204 0001

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DETAILS OF PROMOTERS / PARTNERS / KARTA / TRUSTEES AND WHOLETIME DIRECTORS FORMING A PART OF KNOW YOUR CLIENT (KYC)

ParticularsS.N. Photograph Signature with Stamp

1

2

3

4

5

Name

Name

Name

Name

Name

Residential Address

Residential Address

Residential Address

Residential Address

Residential Address

Designation

Designation

Designation

Designation

Designation

Shareholding in %ge

Shareholding in %ge

Shareholding in %ge

Shareholding in %ge

Shareholding in %ge

Qualification

Qualification

Qualification

Qualification

Qualification

Experience

Experience

Experience

Experience

Experience

PAN

PAN

PAN

PAN

PAN

Dt. of Birth

Dt. of Birth

Dt. of Birth

Dt. of Birth

Dt. of Birth

DIN/UID

DIN/UID

DIN/UID

DIN/UID

DIN/UID

Contact No.

Contact No.

Contact No.

Contact No.

Contact No.

Whether Politically Exposed

Whether Politically Exposed

Whether Politically Exposed

Whether Politically Exposed

Whether Politically Exposed

PEP

PEP

PEP

PEP

PEP

RPEP

RPEP

RPEP

RPEP

RPEP

No

No

No

No

No

Whether authorised to deal in Securities on behalf of the Company/Firm/HUF/Other

Whether authorised to deal in Securities on behalf of the Company/Firm/HUF/Other

Whether authorised to deal in Securities on behalf of the Company/Firm/HUF/Other

Whether authorised to deal in Securities on behalf of the Company/Firm/HUF/Other

Whether authorised to deal in Securities on behalf of the Company/Firm/HUF/Other

Yes

Yes

Yes

Yes

Yes

No

No

No

No

No

Affix recent passport size

Photograph

and

Sign across it

Affix recent passport size

Photograph

and

Sign across it

Affix recent passport size

Photograph

and

Sign across it

Affix recent passport size

Photograph

and

Sign across it

Affix recent passport size

Photograph

and

Sign across it

PEP = Politically Exposed PersonRPEP = Related to Politically Exposed Person

Name and signature with Stamp of the Authorised Signatory(ies) Date D D M M Y Y Y Y

Name of Applicant PAN

Place

Annexure A

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bipinji = 90070 66040

bipinji = 4010 2587

Rohit Puglia = 96819 05050

Rohit Puglia = 90070 66118

Form No. 21204 0001

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UNIFORM RISK DISCLOSURE DOCUMENT (RDD)The Exchange does not expressly or impliedly, guarantee nor make any representation \concerning the completeness, the adequacy or accuracy of this disclosure documents nor has the Exchange endorsed or passed any merits of participating in the Commodity Derivatives market/trading. This brief statement does not disclose all of the risks and other significant aspects of trading. You should, therefore, study derivatives trading carefully before becoming involved in it.

In the light of the risks involved, you should undertake transactions only if you understand the nature of the contractual relationship into which you are entering and the extent of your exposure to risk.

You must know and appreciate that investment in commodity futures contracts/ derivatives or other instruments traded on the Commodity Exchange(s), 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 the Exchange and suffer adverse consequences or loss, you shall be solely responsible for the same and the Exchange shall not be responsible, in any manner whatsoever, for the same and it will not be open for you to take the plea that no adequate disclosure regarding the risks involved was made or that you were not explained the full risk involved by the concerned member. The Client 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 commodity derivatives being traded on the Exchange.

It must be clearly understood by you that your dealings on the Exchange through a member shall be subject to your fulfilling certain formalities set out by the member, which may, inter alia, include your filing the know your client form and are subject to Rules, Byelaws and Business Rules of the Exchange guidelines prescribed by FMC from time to time and circulars as may be issued by the Exchange from time to time.

The Exchange 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 member of the Exchange and/ or third party based on any information contained in this document. Any information contained in this document must not be construed as business advice/investment 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, you should be aware of or must get acquainted with the following:-

1. Basic Risks involved in the trading of Commodity Futures Contracts and other Commodity

Derivatives Instruments on the Exchange,

i. Risk of Higher Volatility

Volatility refers to the dynamic changes in price that commodity derivative contracts undergo when trading activity continues on the Commodity Exchange. Generally, higher the volatility of a commodity derivatives contract, greater is its price swings. There may be normally greater volatility in thinly traded commodity derivatives contracts than in actively traded commodities/ 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 real losses.

ii. Risk of Lower Liquidity

a. Liquidity refers to the ability of market participants to buy and/ or sell commodity derivative contract expeditiously at a competitive price and with minimal price difference. Generally, it is assumed that more the number 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 commodity derivatives contracts swiftly and with minimal price difference and as a result, investors are more likely to pay or receive a competitive price for commodity derivative contracts purchased or sold. There may be a risk of lower liquidity in some commodity derivative contracts as compared to active commodity derivative 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.

b. Buying/ Selling without intention of giving and/ or taking delivery of certain commodities may also result into losses, because in such a situation, commodity derivative contracts may have to be squared-off at a low/ high prices, compared to the expected price levels, so as not to have any obligation to deliver/ receive such commodities.

iii. Risk of Wider Spreads

a. Spread refers to the difference in best buy price and best sell price. It represents the differential between the price of buying a commodity derivative and immediately selling it or vice versa. Lower liquidity and higher volatility may result in wider than normal spreads for less liquid or illiquid commodities/ commodity derivatives contracts. This in turn will hamper better price formation.

contd( 11 )

bipinji = 90070 66040

bipinji = 4010 2587

Rohit Puglia = 96819 05050

Rohit Puglia = 90070 66118

Form No. 21204 0001

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iv. Risk-reducing orders

a. Most of the Exchanges have a facility for investors to place “limit orders”, “stop loss orders” etc. Placing of such orders (e.g. “stop loss” orders or “limit” orders) which areintended 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.

b. A “market” orderwill be executed promptly, subject to 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 commodity derivatives contract.

c. A “limit” order will be executed only at the “limit” price specified for the order or a better price. However, while the client received price protection, there is a possibility that the order may not be executed at all.

d. A stop loss order is generally placed “away” from the current price of a commodity derivatives contract, and such order gets activated if and when the 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 contract approaches pre-determined price, or trades through such price, the stop loss order converts 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 contract might penetrate the predetermined price, in which case, the risk of such order not getting executed arises, just as with a regular limit order.

v. Risk of News Announcements

a. Traders/Manufacturers make news announcements that may impact the price of the commodities and/or commodity derivatives contracts. These announcements 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 commodity/ commodity derivatives contract.

vi. Risk of Rumors

a. Rumours about the price of a commodity at times float in the market through word of mouth, newspaper, websites or news agencies, etc., the investors should be wary of and should desist from acting on rumours.

vii. System Risk

a. 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.

b. 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 execution of order and its confirmation.

c. 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 commodity due to any action on account of unusual trading activity or price hitting circuit filters or for any other reason.

viii. System/ Network Congestion

a. Trading on the Exchange is in electronic mode, based on satellite/leased line 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 the control of 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 Futures Commodity Derivatives are concerned, please note and get yourself acquainted with the following additional features:-

Effect of “Leverage” or “Gearing”:

a. The amount of margin is small relative to the value of the commodity derivatives contract so the transactions are ‘leveraged’ or ‘geared’. Commodity Derivatives trading, which is conducted with a relatively small amount of margin, provides the possibility of great profit or loss in comparison with the principal investment amount. But transactions in commodity derivatives carry a high degree of risk. You

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contd

bipinji = 90070 66040

bipinji = 4010 2587

Rohit Puglia = 96819 05050

Rohit Puglia = 90070 66118

Form No. 21204 0001

Page 19: bipinji = 4010 2587 - Ashika · PDF filebipinji = 90070 66040 bipinji = 4010 2587 Rohit Puglia = 96819 05050 Rohit Puglia = 90070 66118 Form No. 21204 0001. To know the status of your

should therefore completely understand the following statements before actually trading in commodity derivatives contracts and also trade with caution while taking into account one’s circumstances, financial resources, etc.

b. Trading in Futures Commodity Derivativesinvolves daily settlement of all positions. Every day the open positions are marked to market based on the closing price. If the closing price has moved against you, you will be required to deposit the amount of loss (notional) resulting from such movement. This margin will have to be paid within a stipulated time frame, generally before commencement of trading on the next day.

c. If you fail to deposit the additional margin by the deadline or if an outstanding debt occurs in your account, the Member of the Exchange may liquidate/square-up a part of or the whole position. In this case, you will be liable for any losses incurred due to such square-up/ Close Outs.

d. Under certain market conditions, an Investor may find it difficult or impossible to execute the 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.

e. Steps, such as, changes in the margin rate, increase in the cash margin rate etc. may be adopted in order to maintain market stability. These new measures may be applied to the existing open interests. In such conditions, you will be required to put up additional margins or reduce your positions.

f. You must ask your Member of the Exchange to provide the full details of the commodity derivatives contracts you plan to trade i.e. the contract specifications and the associated obligations.

3. TRADING THROUGH WIRELESS TECHNOLOGY OR ANY OTHER TECHNOLOGY:

Any additional provisions defining the features, risks, responsibilities, obligations and liabilities associated with commodities trading through wireless technology or any other technology should be brought to the notice of the client by the member.

4. GENERAL

i. Deposited cash and property:

You should familiarize yourself with the protections accorded to the money or other property you deposit particularly in the event of a firm become insolvent or bankrupt. The extent to which you may recover your money or property may be governed by specific legislation or local rules. In some jurisdictions, property, which has been specifically identifiable as your own, will be pro-rated in the same manner as cash for purposes of distribution in the event of a shortfall. In case of any dispute with the Member of the Exchange, the same shall be subject to arbitration as per the Rules, Bye-laws and Business Rules of the Exchange.

ii. Commission and other charges:

Before you begin to trade, you should obtain a clear explanation of all commissions, fees and other charges for which you will be liable. These charges will affect your net profit (if any) or increase your loss.

iii. For rights and obligations of the Members/Authorised Persons/ clients, please refer toAnnexure3

iv. The term ‘Constituent’ shall mean and include a Client, a Customer or an Investor, who deals with a member for the purpose of trading in the commodity derivatives through the mechanism provided by the Exchange.

v. The term ‘member’ shall mean and include a Trading Member or a Member/Broker, who has been admitted as such by the Exchange and got a Unique Member Code from FMC.

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bipinji = 90070 66040

bipinji = 4010 2587

Rohit Puglia = 96819 05050

Rohit Puglia = 90070 66118

Form No. 21204 0001

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RIGHTS AND OBLIGATIONS OF MEMBERS, AUTHORIZED PERSONS AND CLIENTSas prescribed by FMC and Commodity Exchanges

1. The client shall invest/trade in those commodities /contracts/other instruments admitted to dealings on the Exchanges as defined in the Rules, Byelawsand Business Rules/Regulations of Exchanges/ Forward Markets Commission (FMC) and circulars/notices issued there under from time to time.

2. The Member, Authorized Person and the client shall be bound by all the Rules, Byelaws and Business Rules of the Exchange and circulars/notices issued there under and Rules and Regulations of FMC and relevant notifications of Government authorities as may be in force from time to time.

3. The client shall satisfy himself of the capacity of the Member to deal in commodities and/or deal in derivatives contracts and wishes to execute its orders through the Member and the client shall from time to time continue to satisfy itself of such capability of the Member before executing orders through the Member.

4. The Member 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 Member shall take steps to make the client aware of the precise nature of the Member’s liability for business to be conducted, including any limitations, the liability and the capacity in which the Member acts.

6. The Authorized Person shall provide necessary assistance and co-operate with the Member 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 Member in “Account Opening Form” with supporting details, made mandatory by commodity exchanges/FMC 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 Member shall be non-mandatory;therefore,subject to specific acceptance by the client.

9. The client shall immediately notify the Member 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 Member on a periodic basis.

10. The Member and Authorized Person 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 Member may so disclose information about his client to any person or authority with the express permission of the client.

MARGINS

11. The client shall pay applicable initial margins, withholding margins, special margins or such other margins as are considered necessary by the Member or the Exchange or as may be directed by FMC from time to time as applicable to the segment(s) in which the client trades. The Member is permitted in its sole and absolute discretion to collect additional margins (even though not required by the Exchangeor FMC) 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 commodities derivatives contract in writing or in such form or manner, as may be mutually agreed between the client and the Member however ensuring the regulatory requirements in this regard are complied with. The Member shall ensure to place orders and execute the trades of the client, only in the Unique Client Code assigned to that client.

( 14 )

contd

bipinji = 90070 66040

bipinji = 4010 2587

Rohit Puglia = 96819 05050

Rohit Puglia = 90070 66118

Form No. 21204 0001

Page 21: bipinji = 4010 2587 - Ashika · PDF filebipinji = 90070 66040 bipinji = 4010 2587 Rohit Puglia = 96819 05050 Rohit Puglia = 90070 66118 Form No. 21204 0001. To know the status of your

14. The Member 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 commodity exchange where the trade is executed.

15. The Member shall ensure that the money 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 Member for himself/itself or for any other client or for any purpose other than the purposes mentioned in Rules, circulars, notices, guidelines of FMC and/or Rules, Business Rules, 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, Member 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 Business Rules 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 Business Rules of the Exchanges where the trade is executed for the purpose of giving effect to the provisions of the Rules, Byelaws and Business Rules of the Exchanges and the circulars/notices issued thereunder.

BROKERAGE

18. The Client shall pay to the Member brokerage and statutory levies 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. The Member shall not charge brokerage more than the maximum brokerage permissible as per the Rules, Business Rules and Bye-laws of the relevant commodity exchanges and/or Rules of FMC.

LIQUIDATION AND CLOSE OUT OF POSITION

19. Without prejudice to the Member’s other rights (including the right to refer a matter to arbitration), the client understands that the Member 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 liquidation/close out, if any, against the client’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 commodities which the client has ordered to be bought or sold, Member 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/commodities in favor of a Nominee shall be valid discharge by the Member against the legal heir.

DISPUTE RESOLUTION

21. The Member shall co-operate in redressing grievances of the client in respect of all transactions routed through it.

22. The client and the Member shall refer any claims and/or disputes with respect to deposits, margin money, etc., to arbitration as per the Rules, Byelaws and Business Rules of the Exchanges where the trade is executed and circulars/notices issued thereunder as may be in force from time to time.

23. The client/Member understands that the instructions issued by an authorized representative for dispute resolution, if any, of the client/Member shall be binding on the client/Member in accordance with the letter authorizing the said representative to deal on behalf of the said client/Member.

TERMINATION OF RELATIONSHIP

24. This relationship between the Member and the client shall be terminated; if the Member for any reason ceases to be a member of the commodity exchange including cessation of membership by reason of the Member’s default, death, resignation or expulsion or if the certificate is cancelled by the Exchange.

25. The Member, Authorized Person 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 contrue 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. contd

( 15 )

bipinji = 90070 66040

bipinji = 4010 2587

Rohit Puglia = 96819 05050

Rohit Puglia = 90070 66118

Form No. 21204 0001

Page 22: bipinji = 4010 2587 - Ashika · PDF filebipinji = 90070 66040 bipinji = 4010 2587 Rohit Puglia = 96819 05050 Rohit Puglia = 90070 66118 Form No. 21204 0001. To know the status of your

26. In the event of demise/insolvency of the Authorized Person or the cancellation of his/its registration with the Board or/withdrawal of recognition of the Authorized Person by the commodity exchange and/or termination of the agreement with the Authorized Person by the Member, 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 Member and all clauses in the ‘Rights and Obligations’ document(s) governing the Member, Authorized Person and client shall continue to be in force as it is, unless the client intimates to the Member his/its intention to terminate their relationship by giving a notice in writing of not less than one month.

ADDITIONAL RIGHTS AND OBLIGATIONS

27. The Member and client shall reconcile and settle their accounts from time to time as per the Rules, Business Rules, Bye Laws, Circulars, Notices and Guidelines issued by FMC and the relevant Exchanges where the trade is executed.

28. The Member shall issue a contract note to his clientsfor 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 Member shall send contract notes to the investors within 24 hours of the execution of the trades in hard copy and/or in electronic form using digital signature.

29. The Member shall make pay out of funds or delivery of commodities as per the Exchange Rules, Bye-Laws, Business Rules and Circulars, as the case may be, to the Client on 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.

30. The Member shall send a complete Statement of Accounts’ for both funds and commodities 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 immediately but not later than 30 calendar days of receipt thereof, to the Member. A detailed statement of accounts must be sent every month to all the clients in physical form. The proof of delivery of the same should be preserved by the Member.

31. The Member shall send margin statements to the clients on monthly basis. 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, warehouse receipts, securities etc.

32. The Client shall ensure that it has the required legal capacity to, and is authorized to, enter into the relationship with Member 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.

33. In case, where a member surrenders his/ her/ its membership, Member gives a public notice inviting claims, if any, from investors. In case of a claim relating to transactions executed on the trading system of the Exchange, ensure that client lodge a claim with the Exchange within the stipulated period and with the supporting documents.

ELECTRONIC CONTRACT NOTES (ECN)

34. In case, client opts to receive the contract note in electronic form, he shall provide an appropriate e-mail id (created by the client) to the Member(Kindly refer Appendix A of Annexure 1). Member shall ensure that all the rules/Business Rule/Bye-Laws/ circulars issued from time to time in this regard are complied with. The client shall communicate to the Member 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.

35. The Member shall ensure that all ECNs sent through the email shall be digitally signed, encrypted, non-tamperable 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.

36. The client shall note that non-receipt of bounced mail notification by the Member shall amount to delivery of the contract note at the e-mail ID of the client.

37. The Member shall retain ECN and acknowledgement rf 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

contd

( 16 )

bipinji = 90070 66040

bipinji = 4010 2587

Rohit Puglia = 96819 05050

Rohit Puglia = 90070 66118

Form No. 21204 0001

Page 23: bipinji = 4010 2587 - Ashika · PDF filebipinji = 90070 66040 bipinji = 4010 2587 Rohit Puglia = 96819 05050 Rohit Puglia = 90070 66118 Form No. 21204 0001. To know the status of your

rules/circulars/guidelines issued by FMC/Commodity 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 Member for the specified period under the extant rules/circulars/guidelines issued by FMC/Commodity 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 Member shall take all possible steps to ensure receipt of notification of bounced mails by him at all times within the stipulated time periodunder the extant rules/circulars/guidelines issued by FMC/Commodity exchanges.

38. The Member 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 Member shall send a physical contract note to the client within the stipulated time under the extant Regulations/ Rules, Bye-Laws, Business Rules and Circulars of FMC/commodity exchanges and maintain the proof of dispatch and delivery of such physical contract notes.

39. In addition to the email communication of the ECNs to the client, the Member 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.

40. The Electronic Contract Note (ECN) declaration form obtained from the Client who opts to receive thecontract note in electronic form must be obtained afresh before 1st April of every financial year by following the same procedure. Thus, such declaration would be valid for that financial year only.

LAW AND JURISDICTION

41. In addition to the specific rights set out in this document, the Member, Authorised Person and the client shall be entitled to exercise any other rights which the Member or the client may have under the Rules, Bye-laws and Business Rules of the Exchanges in which the client chooses to trade and circulars/notices issued thereunder or Rules of FMC.

42. The provisions of this document shall always be subject to Government notificatbns, any rules, guidelines and circulars/notices issued by FMC and Circulars, Rules, Business Rules and Bye laws of the relevant commodity exchanges, where the trade is executed, that may be in force from time to time.

43. The Member 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, if either party is not satisfied with the arbitration award.

44. 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, Bye laws and Regulations/Business Rules and circulars/notices issued thereunder of the Exchanges/FMC.

45. All additional voluntary/nonmandatory clauses/document added by the Member should not be in contravention with Rules/ Business Rules/Notices/Circulars of Exchanges/FMC. 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/FMC shall also be brought to the notice of the clients.

46. If the rights and obligations of the parties hereto are altered by virtue of change in Rules of FMC or Bye-laws, Rules and Business Rules of the relevant commodity 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.

47. Members are required to send account statement to their clients every month in physical form.

( 17 )

9

bipinji = 90070 66040

bipinji = 4010 2587

Rohit Puglia = 96819 05050

Rohit Puglia = 90070 66118

Form No. 21204 0001

Page 24: bipinji = 4010 2587 - Ashika · PDF filebipinji = 90070 66040 bipinji = 4010 2587 Rohit Puglia = 96819 05050 Rohit Puglia = 90070 66118 Form No. 21204 0001. To know the status of your

INTERNET & WIRELESS TECHNOLOGY BASED TRADING FACILITY PROVIDED BY MEMBERS 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. Member is eligible for providing Internet based trading (IBT) and commodities 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 Member shall comply with all requirements applicable to internet based trading/- commodities trading using wireless technology as may be specified by FMC& the Exchanges from time to time.

2. The client is desirous of investing/trading in commodities and for this purpose, the client is desirous of using either the internet based trading facility or the facility for commodities trading through use of wireless technology. The Member shall provide the Member’s IBT Service to the Client, and the Client shall avail of the Member’s IBT Service, on and subject to FMC/Exchanges Provisions and the terms and conditions specified on the Member’s IBT Web Site provided that they are in line with the norms prescribed by Exchanges/FMC.

3. The Member shall bring to the notice of client the features, risks, responsibilities, obligations and liabilities associated with commodities trading through wireless technology/internet or any other technology should be brought to the notice of the client by the Member.

4. The Member shall make the client aware that the Member’s IBT system itself generates the initial password and its password policy as stipulated in line with norms prescribed by Exchanges/FMC.

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 Member’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/ commodities 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 Member

6. The Client shall immediately notify the Member in writing if he forgets his password, discovers security flaw in Member ’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/ commodities 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 Member 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 Member 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 Member and the Exchange do not make any representation or warranty that the Member’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 Member on account of any suspension, interruption, non-availability or malfunctioning of the Member’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/Members/Exchange end for any reason beyond the control of the Member/Exchanges.

( 18 )

10

bipinji = 90070 66040

bipinji = 4010 2587

Rohit Puglia = 96819 05050

Rohit Puglia = 90070 66118

Form No. 21204 0001

Page 25: bipinji = 4010 2587 - Ashika · PDF filebipinji = 90070 66040 bipinji = 4010 2587 Rohit Puglia = 96819 05050 Rohit Puglia = 90070 66118 Form No. 21204 0001. To know the status of your

GUIDANCE NOTE - DO’s AND DON’Ts FOR THE CLIENTS

Do’s

1. Trade only through Registered Members of the Exchange. Check from the Exchange website at following links to see whether the Member is registered with the Exchange.

• http://www.ncdex.com/Membership/MemberDirectory.aspx• http://www.aceindia.com/membership/directory• http://www.icexindia.com/membership/MembersDetail.aspx,• http://www.nationalspotexchange.com/SitePages/MemberListForAccOpening.aspx• http://www.nmce.com/Membership/Directory.asp

2. Insist on filling up a standard ‘Know Your Client (KYC)’ form before you commence trading

3. Insist on getting a Unique Client Code (UCC) and ensure all your trades are done under the said UCC.

4. Insist on reading and signing a standard ‘Risk Disclosure Agreement’.

5. Obtain a copy of your KYC and/ or other documents executed by you with the Member, from the Member.

6. Cross check the genuineness of trades carried out at the Exchange through the trade verification facility available on the Exchange website at the following links

• http://www.mcxindia.com/sitepages/tradeverification.aspx• http://www.ncdex.com/MarketData/VerifyTrade.aspx• http://www.aceindia.com/market-data/tradeverification, • http://www.icexindia.com/MarketData/MarketDataView.aspx• http://www.nmce.com/marketdata/tradever.aspx,• http://www.nationalspotexchange.com/Sitepages/investors.htm?m=1#

The trades can be verified online where trade information is available up to 5 working days from the trade date.

7. Insist on a duly signed Contract Note in specified format for every executed trade within 24 hours of trade, highlighting the details of the trade along with your UCC.

8. Ensure that the Contract Note contains all the relevant information such as Member Registration Number, Order No., Order Date, Order time, Trade No., Trade rate, Quantity, Arbitration Clause, etc.

9. Obtain receipt for collaterals deposited with the Member towards margins.

10. Go through the Rules, Bye-laws, Regulations, Circulars, Directives, Notifications of the Exchange as well as of the Regulators, Government and other authorities to know your rights and duties vis-a-vis those of the Member.

11. Ask all relevant questions and clear your doubts with your Member before transacting.

12. Insist on receiving the bills for every settlement.

13. Insist on Monthly statements of your ledger account and report any discrepancies in the statement to your Member within 7 working days. In case of unsatisfactory response report the discrepancy to the Exchange within 15 working days from the date of cause of action.

14. Scrutinize minutely both the transaction & holding statements that you receive from your Depository Participant.

15. Keep Delivery Instruction Slips (DIS) book issued by DPs in safe possession.

16. Ensure that the DIS numbers are preprinted and your account number (UCC) is mentioned in the DIS book.

17. Freeze your Demat account in case of your absence for longer duration or in case of not using the account frequently.

18. Pay required margins in time and only by Cheque and ask for receipt thereof from the Member.

19. Deliver the commodities in case of sale or pay the money in case of purchase within the time prescribed.

20. Understand and comply with accounting standards for derivatives.

• http://www.mcxindia.com/sitepages/tradeverification.aspx

( 19 )

contd

bipinji = 90070 66040

bipinji = 4010 2587

Rohit Puglia = 96819 05050

Rohit Puglia = 90070 66118

Form No. 21204 0001

Page 26: bipinji = 4010 2587 - Ashika · PDF filebipinji = 90070 66040 bipinji = 4010 2587 Rohit Puglia = 96819 05050 Rohit Puglia = 90070 66118 Form No. 21204 0001. To know the status of your

21. Ensure to read, understand and then sign the voluntary clauses, if any, agreed between you and the Member. Note that the clauses as agreed between you and the Member cannot be changed without your consent.

22. Get a clear idea about all brokerage, commissions, fees and other charges levied by the Member on you for trading and the relevant provisions/guidelines specified by FMC/Commodity exchanges.

23. Make the payments by account payee cheque in favour of the Member. Ensure that you have a documentary proof of your payment/deposit of commodities with the Member, stating date, commodity, quantity, towards which bank/ demat account such money or commodities (in the form of warehouse receipts) deposited and from which bank/ demat . account.

24. The payout of funds or delivery of commodities (as the case may be) shall not be made to you within one working day from the receipt of payout from the Exchange, in case you have given specific authorization for maintaining running account to the member. Thus, in this regard, the running account authorization provided by you to the Member shall be 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) You need to bring any dispute arising from the statement of account to the notice of the Member in writing preferably within 7 (seven) working days from the date of receipt of funds/commodities or statement, as the case may be. In case of dispute, refer the matter in writing to the Investors Grievance Cell of the relevant Commodity exchanges without delay.

c)In case you have not opted for maintaining running account and pay-out is not received on the next working day of the receipt of payout from the exchanges, please refer the matter to the Member. In case there is dispute, ensure that you lodge a complaint in writing immediately with the Investors Grievance Cell of the relevant Commodity exchange.

d)Please register your mobile number and email id with the Member, to receive trade confirmation alerts/ details of the transactions through SMS or email, by the end of the trading day, from the commodity exchanges.

25. You should familiarize yourself with the protection accorded to the money or other property you may deposit with your member, particularly in the event of a default in the commodity derivatives market or the member becomes insolvent or bankrupt.

26. Please ensure that you have a documentary proof of having made the deposit of such money or property with the member, stating towards which account such money or property deposited.

27. In case your problem/grievance/issue is not being sorted out by concerned Member/Authorised Person then you may take up the matter with the concerned Commodity Exchange. If you are not satisfied with the resolution of your complaint then you can escalate the matter to FMC.

Don’ts

1. Do not deal with any unregistered intermediaries.

2. Do not undertake off-market transactions as such transactions are illegal and fall outside the jurisdiction of the Exchange.

3. Do not enter into assured returns arrangement with any Member

4. Do not get carried away by luring advertisements, rumours, hot tips, explicit/ implicit promise of returns, etc.

5. Do not make payments in cash/ take any cash towards margins and settlement to/ from the Member.

6. Do not start trading before reading and understanding the Risk Disclosure Agreement.

7. Do not neglect to set out in writing, orders for higher value given over phone.

8. Do not accept unsigned/duplicate contract note/confirmation memo.

9. Do not accept contract note/confirmation memo signed by any unauthorized person.

10. Don’t share your internet trading account’s password with anyone

11. Do not delay payment/deliveries of commodities to Member.

12. Do not forget to take note of risks involved in the investments.

13. Do not sign blank Delivery Instruction Slips (DIS) while furnishing commodities, deposits and/or keep them with Depository Participants (DP) or member to save time.

14. Do not pay brokerage in excess of that rates prescribed by the Exchange

( 20 )

11

bipinji = 90070 66040

bipinji = 4010 2587

Rohit Puglia = 96819 05050

Rohit Puglia = 90070 66118

Form No. 21204 0001

Page 27: bipinji = 4010 2587 - Ashika · PDF filebipinji = 90070 66040 bipinji = 4010 2587 Rohit Puglia = 96819 05050 Rohit Puglia = 90070 66118 Form No. 21204 0001. To know the status of your

Tariff Sheet

Brokerage

EXCHANGE

MCX

NCDEX

ICEX

ACE

NMCE

Non-Delivery(%)

Brokerage in Derivative Segment

Note : The Maximum permissible Brokerage rate is 1% in case of non-delivery transaction and 2% (plus expenses) in case of delivery transaction.

TRANSACTION CHARGES:

Derivative Segment

Spot Segment

Basis of calculation% of turnover Rate Per Lot

Note : Transaction charges applicable as per Exchange defined rate. Please refer relevant latest circularissued by Exchange at respective Exchange websites.

OTHER CHARGES :

Service Tax & Education on Brokerage (applicable as per Government rate)

Service Tax & Education on Turnover Charges (applicable as per Government rate)

Stamp Duty (applicable as per statewise)

Note : Further, if any other charges levied by Government or Exchanges / any other statutory authority,it will be charged from clients.

( 21 )

Non-Delivery(Min. Paisa)

Non-Delivery(Min. Per Lot)

Delivery(%)

Delivery(Min. Paisa)

Delivery(Min. Per Lot)

EXCHANGE

NSEL

NSPOT

Square Up(%)

Brokerage in Spot Segment - E Series Contract

Square Up(Min. Paisa)

Square Up(Min. Per Lot)

Delivery(%)

Delivery(Min. Paisa)

Delivery(Min. Per Lot)

EXCHANGE

NSEL

NSPOT

Square Up(%)

Brokerage in Spot Segment - other than E Series Contract

Square Up(Min. Paisa)

Square Up(Min. Per Lot)

Delivery(%)

Delivery(Min. Paisa)

Delivery(Min. Per Lot)

12

bipinji = 90070 66040

bipinji = 4010 2587

Rohit Puglia = 96819 05050

Rohit Puglia = 90070 66118

Form No. 21204 0001

Page 28: bipinji = 4010 2587 - Ashika · PDF filebipinji = 90070 66040 bipinji = 4010 2587 Rohit Puglia = 96819 05050 Rohit Puglia = 90070 66118 Form No. 21204 0001. To know the status of your

Member - Client Agreement

This agreement is made at …………this ………………..day of……………… by and between

Pvt. Ltd., a company duly formed and registered under the Relevant Act, hereinafter called MEMBER OF THE EXCHANGE,

having its registered office address at Trinity, 226/1, A.J.C. Bose Road, 7th Floor, Kolkata-700 020 and

…………….......................................................................................................................................………………., a company /

firm / individual or any other body duly formed and registered under the Relevant Act, hereinafter called CLIENT,

having its registered office address at ………………………………………………………………....................................................

.....................................................................................................................................................................................…

Witnessth:

Whereas the member is registered as MEMBER OF THE NATIONAL SPOT EXCHANGE LIMITED (hereinafter called (NSEL).

Whereas the CLIENT is desirous of trading in those contracts admitted for dealing on NSEL as defined in the Bye - Laws, Rules and Business Rules of NSEL.

Whereas the CLIENT has satisfied himself of the capability of the MEMBER OF THE EXCHANGE to deal in those contracts admitted for dealing on the NSEL and wishes to execute his orders through him and the CLIENT shall continue to satisfy him of such capability of the MEMBER OF THE EXCHANGE before executing any orders through him.

Whereas the MEMBER OF THE EXCHANGE has satisfied and shall continuously satisfy himself about the genuineness and financial soundness of the CLIENT and trading objectives relevant to the services to be provided.

Whereas the MEMBER OF THE EXCHANGE has taken steps and shall take steps to make the CLIENT aware of the precise nature of the MEMBER liability for business to be conducted, including any limitations on that liability and the capacity in which it acts.

In consideration of handling transactions carried out on the NSEL, THE CLIENT understands the following risks disclosed by the Member and states as follows:

A. I / We understand that the spot trading involves daily settlement. Every day the net outstanding position (whether purchase or sale) at the end of the day shall result into compulsory delivery. I/We shall ensure that the commodities are as per the contract specifications of the Exchange and within tolerance limits set out in the contract specification and such commodities are delivered at the designated warehouse of the Exchange before the scheduled pay-in time fixed by the Exchange. I/We further understand that in case of failure on my part to deliver the specified commodity at the specified delivery center within the specified time set by the Exchange, such commodities shall be procured by the Exchange through auction procedure at my cost and risk. I / we shall be liable to make good of such losses that may be recovered from the members by the Exchange on my account.

B. I / We understand that in case of my liability of funds pay-in position, I shall ensure transfer of funds to the members account well before the schedule pay-in time to enable the member to meet his funds pay-in obligation on my account. I/We further understand that in case of failure on my/our part to pay/transfer funds before the scheduled pay-in date, the commodities purchased by the member on my account may be auctioned by the Exchange/sold by the Member at my cost and risk. I / We shall be liable to make good of such losses that may be recovered from/suffered by the members on my account.

C. I / we hereby authorize the member to execute all my written/verbal order for purchase and sale of commodities and comply with the Sales Tax/ VAT/ CST related liabilities on my behalf. I / we irrevocably authorize the member to recover all the dues from my account against sales tax and other liabilities that may arise in the course of executing my orders on the Exchange platform. I further undertake that the member shall be authorized to take all actions for compliance with the VAT regulations.

D. I / We understand that my purchase and sales positions shall be marked to market at and of the day of transaction based on the closing price of commodities. I / We shall be required to deposit the amount of loss (notional) resulting from such closing price (if any). This margin will have to be paid within a stipulated time frame, generally before commencement of trading next day.

E. If I / we fail to deposit the additional margin by the deadline or if an outstanding debt occurs in my account, the Member of the Exchange may liquidate a part of or the whole position or substitute commodities. In this case, I / we shall be liable for any losses incurred due to such close outs.

Ashika Commodities & Derivatives

National Spot Exchange (NSEL)

( 22 )

contd

bipinji = 90070 66040

bipinji = 4010 2587

Rohit Puglia = 96819 05050

Rohit Puglia = 90070 66118

Form No. 21204 0001

Page 29: bipinji = 4010 2587 - Ashika · PDF filebipinji = 90070 66040 bipinji = 4010 2587 Rohit Puglia = 96819 05050 Rohit Puglia = 90070 66118 Form No. 21204 0001. To know the status of your

F. My order for purchase or sale of any commodity may not be executed when there are insufficient bids or offers or suspension of trading due to price limit or circuit breakers etc.

G. In order to maintain market stability, the Exchange may change the margin rate, increases in the cash margin rate or others. These new measures may be applied to the existing outstanding position, which are yet to be settled. In such conditions, I / We shall be required to put up additional margins against my positions.

H. I / We shall ask my Member of the Exchange to provide the full details of the spot contracts before I / WE plan to trade i.e. the contract specifications and the associated obligations.

I. Before trade, I / We shall obtain a clear explanation of all commission, fees and other charges for which I / We will be liable.

J. The Exchange offers electronic trading facilities, which are computer-based systems for order-routing, execution, matching, registration or clearing of trades. As with all facilities and systems, they are vulnerable to temporary disruption or failure. The execution of my orders shall be subject to limits on liability imposed by the system provider, the market, the Clearing House and/or Member of the Exchange firms.

In view of the above, I / WE agree that

1) I / WE am aware of the risks stated above and understand the trading & risks involved in the trading through the Electronic spot Exchange and am fully responsible for my dealings in this Exchange platform.

2) I / WE shall be bound by the Bye-Laws, Rules, Business Rules, and Customs of the NATIONAL SPOT EXCHANGE LIMITED and the Clearing House of the Exchange.

3) I / WE shall deposit monies, Warehouse Receipts or other property, which may be required to open and carry out the transactions in my account with you as my agent at the capacity of the Member of NSEL and I / WE being your client.

4) I / WE shall not, acting alone or in concert with others, directly or indirectly, hold and control or create excess position than what is permitted from time to time by the Exchange or any other authority.

5) All monies, Warehouse Receipts or other property, which you may hold on my account, shall be held subject to a general lien for the discharge of my obligations to you under this agreement.

6) I / WE hereby authorize you at your discretion, should you deem it necessary for your protection to buy, sell or close out any part or all of the contracts held in my account with you. I / WE will reimburse any or all such incidental expenses incurred by you.

Now, THEREFORE, in consideration of the mutual understanding as set forth in this agreement, the parties thereto have agreed to the terms and conditions, as follows:

1. The agreement entered into between the Member and the CLIENT shall stand terminated by mutual consent of the parties by giving at least one-month notice to each other. Such termination shall not have any effect on the transactions executed before the date of notice of termination and the parties shall enjoy same rights and shall have same obligations in respect of such transactions.

2. In the event of the death or insolvency of the CLIENT or his otherwise becoming incapable of receiving and paying for or delivering or transferring Commodities which the CLIENT has ordered to be bought or sold, the Member may with the approval of the Exchange, 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 there from.

3. All trades, transactions and contracts are subject to the Rules, Bye Laws and Business Rules of the Exchange and shall be deemed to be and shall take effect as wholly made, entered into and to be performed in the city of MUMBAI for the purpose of giving effect to the provisions of the Rules, Bye - Laws and Business Rules of the Exchange.

In WITNESS THEREOF, the parties to agreement have caused these presents to be executed as of the day and year first above written.

SIGNED for and on behalf of SIGNED for and on behalf of

THE Member: Ashika Commodities & Derivatives Pvt. Ltd. THE Client:

By : By :

Signature : Signature :

Title : Title :

Witness: Witness:

( 23 )

13

2

bipinji = 90070 66040

bipinji = 4010 2587

Rohit Puglia = 96819 05050

Rohit Puglia = 90070 66118

Form No. 21204 0001

Page 30: bipinji = 4010 2587 - Ashika · PDF filebipinji = 90070 66040 bipinji = 4010 2587 Rohit Puglia = 96819 05050 Rohit Puglia = 90070 66118 Form No. 21204 0001. To know the status of your

Member & Constituent Agreement

This agreement is made at this ________ day of_________________, 20_____ by and between

Commodities & Derivatives Pvt. Ltd. , a company duly formed and registered under the relavant Act, having its

registered office address at Trinity, 226/1, A.J.C. Bose Road, 7th Floor, Kolkata-700 020, (hereinafter called “Member”),

and _________________________________________________________, a individual /partnership firm/company /

trust / firm or any other body duly formed and registered under the ___________________________________ Act,

having its registered office address at_________________________________________________________

(hereinafter called “Constituent”).

WITNESSTH:

Whereas M/s. Ashika Commodities & Derivatives Pvt. Ltd. is registered as a TRADING / TRADING AND CLEARING MEMBER (Member) of NCDX Spot Exchange Ltd. (hereinafter called NCDEX Spot or the Exchange).

Whereas the CONSTITUENT is desirous of buying/selling/investing/trading/dealing in commodities/ contracts admitted for dealing on NCDEX Spot trading platform from time to time.

Whereas the CONSTITUENT has satisfied itself of the capability of the MEMBER to deal in those commodities /contracts admitted for dealing on NCDEX Spot and wishes to execute his transactions/trade through him and the Constituent shall continue to satisfy himself of such capability of the MEMBER before executing any orders through him.

Whereas the MEMBER has satisfied and shall continuously satisfy himself about the genuineness and financial soundness of the CONSTITUENT and objectives relevant to the services to be provided

Whereas the MEMBER has taken steps and shall take steps to make the CONSTITUENT aware of the precise nature of the MEMBER’s liability for business to be conducted on behalf of Constituent including any limitations on that liability and the capacity in which it acts.

In consideration of the Member agreeing to handle the transactions on NCDEX Spot on my/ our behalf, I/We, the Constituent hereby agree that:

1) I / We have been informed of the terms and conditions applicable to the trading on NCDEX Spot exchange platform and understand the trading & risks involved in buying / selling of commodities, trading/dealings on the NCDEX Spot platform and am/are fully responsible for my/our dealings done through the Member on the NCDEX Spot platform.

2) I / We shall be bound by the constitution, rules, regulations, terms & Conditions, instructions and directions framed/issued by NCDEX Spot from time to time including any amendments or modifications thereof.

3) I / We shall deposit with you i.e. the Member, monies, securities or other property, which may be required to open and/or maintain my/our account with you NCDEX Spot Exchange Limited for dealing on the NCDEX Spot platform and also which may be required to paid by you to the NCDEX Spot or any other person in compliance of obligations undertaken by you on our account under this agreement.

4) I / We shall not, either acting alone or in concert with others, directly or indirectly, buy or sell to control quantity of any commodity in excess of quantity permitted or fixed from time to time by the Exchange.

5) All monies, securities or other property, which you may hold on my / our account, shall be subject to a general lien for the discharge of my / our obligations to you under or pursuant to this agreement.

6) I / We hereby authorize you, should you deem it necessary for your protection to sell the goods held by you in my/our behalf or buy goods on my/our behalf. I/We will reimburse any or all such incidental expense incurred by you.

7) I / We agree that in case I/we default either in payment of money in respect of purchases made or in delivery of commodity sold on the NCDEX Spot Platform or in payment of any penalty amount if imposed by the NCDEX Spot or in providing any security/additional security as may be required to secure performance of any obligation, the Member/ NCDEX Spot shall be entitled to forthwith, forfeit the initial deposit/ margin money/collaterals/properties/securities deposited by me/us with the member and I shall not be entitled to claim any refund thereof. In case the initial deposit/ margin money/collaterals/properties/securities deposited by me/us with the member are not sufficient to cover my/our default I/we shall be liable to pay the balance amount and the member shall be entitled to recover the same from me/us.

Now, THEREFORE, in consideration of the mutual understanding as set forth in this agreement, the parties hereto have agreed to the terms and conditions, as follows:

Ashika

NCDEX Spot Exchange Ltd. (NCDEX Spot)

( 24 )

contd

bipinji = 90070 66040

bipinji = 4010 2587

Rohit Puglia = 96819 05050

Rohit Puglia = 90070 66118

Form No. 21204 0001

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1. This agreement entered into between the Member and the Constituent shall stand terminated by mutual consent of the parties or by giving at least one month notice by any party to the other. Such termination shall not have any effect on the transactions executed till the date of termination and the parties shall enjoy same rights and shall have same obligations in respect of such transactions.

2. In the event of the death or insolvency of the Constituent or his otherwise becoming incapable of receiving and paying for or dealing or delivering or transferring or receiving commodities which the Constituent has ordered to be bought or sold, the Member may cancel the order if the order/s have not been matched to confirmed trades at the time of receipt of information of such incapacity of the Constituent or with the approval of NCDEX Spot, devolve the transaction of the Constituent on the legal representatives of the Constituent or sell the commodities already purchased in which case the Constituent or his legal representative shall be liable for any losses, costs, damages including statutory / regulatory charges, if any and be entitled to any surplus which may result therefrom.

3. All trades and transactions done on the NCDEX Spot platform are subject to the Rules, Regulations, Terms & Conditions, instructions and directions framed/issued by NCDEX Spot from time to time including any amendments or modifications thereof and shall be deemed to be and shall take effect as wholly made, entered into and to be performed for the purpose of giving effect to the provisions of the Rules, Regulations, Terms & Conditions, instructions and directions framed/issued by NCDEX Spot Exchange Limited NCDEX Spot. A copy of the rules, Terms and Conditions currently in force for trading on NCDEX Spot has been made available to me/us and I/we have read and understood the same.

4. The Member hereby undertakes to maintain the details of the Constituent as mentioned in the Constituent registration form or any other information pertaining to the Constituent, in confidence and that he shall not disclose the same to any person/entity except as required by NCDEX Spot or as required by any Regulatory Authority under any law; Provided however that the Member shall be allowed to share the details of the Constituent as mentioned in the Constituent registration form or any other information pertaining to the Constituent with third parties / entities only with the prior written permission of the Constituent.

5. Provisions in case of Default: In the event of a default of a Member on his own account, the Constituent’s money shall not be utilized to meet the Member’s liabilities. In the event of failure of the Constituent to fulfill his obligations to the Member, the Exchange or the Clearing House, the Member or the Exchange may adjust, the money, if any, of the Constituent available with the Member or with any other member or the Exchange, against the Constituent’s liabilities / obligations.

The Professional Clearing Member (PCM), if permitted and opted by the Constituent to settle his trades and obligations, shall confirm all trades executed as PCM trades on the day the order is executed. In the event of non-confirmation and /or rejection of the trade by such PCM, the Constituent shall be liable to pay forth with the applicable and amount as may be required by the Member on the same day. Also the Member/ NCDEX Spot shall be entitled to forthwith, forfeit the initial deposit/ margin money/collaterals/properties/securities deposited by me/us with the Member and I/we shall not be entitled to claim any refund thereof.

6. Collateral: The Constituent shall pay to the Member such amount as an initial deposit (collateral / margin/security money) as decided by the Member, and in such form as may be required by the Member up-front and before entering any transaction/trade. The Member shall reserve the mark up margin (commonly referred to as ‘haircut margin’) from the collateral, which shall not be utilized for margin requirements. The collateral reduced by markup / haircut margin shall thereafter may be utilized for any liability of the Constituent.

7. Utilization by Member of the Initial Deposit by the Constituent: The initial deposit so paid shall be first utilized towards initial margin requirement as calculated by the Exchange from time to time and the balance if any, after such adjustment against initial margin payments, will be available for adjustment against any margin requirement or any other liability of the Constituent.

8. Payment of Margins: The initial margin requirement can be adjusted against the collateral maintained by the Constituent with the Member. The Member shall accept from the Constituent further order only if the balance collateral is adequate to meet the initial margin requirement on such new trades/transactions. If the balance collateral is not adequate for adjusting the initial margin requirement, the Constituent shall deposit the additional amounts/margins as required by the Member and only thereafter, the Member may enter/execute any trade on behalf of the Constituent. If the Constituent defaults in paying the initial /Additional margin, the Member may not enter any trade/transaction on his behalf. The Member is permitted in its sole and absolute discretion to impose additional margin (even NCDEX Spot Exchange Limited though not imposed by the Exchanges) and the Constituent shall be obliged to fulfill such additional margin requirements.

9. The Constituent acknowledges that all trades/transactions entered on the trading system of NCDEX Spot for purchase and sale of commodities would be between the Constituents i.e. buyers and sellers inter-se and the Constituents would be personally liable to each other/counter party Constituent for the fulfillment of all obligations pertaining to the transactions/trades executed by them through their respective members and NCDEX Spot has only a limited role of facilitating the trading and settlement thereof and regulating the

( 25 )

contd

bipinji = 90070 66040

bipinji = 4010 2587

Rohit Puglia = 96819 05050

Rohit Puglia = 90070 66118

Form No. 21204 0001

Page 32: bipinji = 4010 2587 - Ashika · PDF filebipinji = 90070 66040 bipinji = 4010 2587 Rohit Puglia = 96819 05050 Rohit Puglia = 90070 66118 Form No. 21204 0001. To know the status of your

contract and relationships which are governed by the Rules, Regulations, Terms & Conditions, instructions and directions framed/issued by NCDEX Spot. The Constituent acknowledges and agrees that in case of any difference, dispute arising between the Constituent and the member or the Counter party Constituent pursuant to the dealings under this agreement, NCDEX Spot shall have no role in the dispute and the Constituent shall settle the same with the other party without making the Exchange a party to the dispute.

10. The Exchange may cancel a trade suo-moto or at the request of any member without giving any reason thereof. In the event of such cancellation, the Constituent shall be bound by such cancellation and the consequences thereof.

11. All trades and transactions are subject to the Rules, Regulations Terms & Conditions, instructions and directions framed/issued by NCDEX Spot from time to time. Parties agree that in any case where the Exchange is a party, the Civil Courts at Mumbai alone shall have exclusive Jurisdiction to try and dispose of the same.

12. Trade Obligations: The Constituent shall accept all trades executed, resulting from the orders placed with the Member, irrespective of the fact that the order is executed partially or in full, on the Exchange.

13. Deliveries: The Constituent will be responsible for giving / taking delivery against his trade/transactions executed on the NCDEX Spot within stipulated period as specified in the terms and conditions or as may be specified by the NCDEX Spot, and also doing all other things incidental to giving/taking delivery including providing relevant information necessary for giving / taking delivery including issuance of sales tax/VAT invoices. Constituent shall co-ordinate with the counter party to his transaction, to ensure that all requirements for giving / taking delivery are fulfilled within the stipulated time. The constituent acknowledges and agrees that, in case the constituent fails to take delivery within the time stipulated by the Exchange in that behalf, Exchange will not be responsible for any issues or disputes that may arise between the parties to the trade (Counter party seller/ buyer) either relating to quality/quantity or any other related issue related to the commodities traded.

14. Compliance with Local laws, Sales tax laws and other Regulatory requirements: Constituent shall be responsible and shall ensure compliance of all statutory requirements laid down regarding Sale / Purchase of goods including payment of NCDEX Spot Exchange Limited taxes, local levies and other statutory / regulatory charges as prescribed under applicable laws from time to time. Constituent shall submit documents such as Invoices, Sales Tax exemption or concession forms, Mandi Tax/Anugya patra or any other documents as required under the prevalent local laws and forward the same to the Counter-party Constituent or Member within stipulated period as specified by the NCDEX Spot from time to time. Constituent shall be liable to pay sales tax/VAT/mandi tax by whatever name called in accordance with the local laws, sales tax/VAT law or the Central Sales Tax Act, 1956 as in force, as the case may be and will be solely responsible for complying with all the provisions and regulation of such laws. The Constituent shall also comply with all the local laws while taking delivery of commodities as may be applicable where delivery is affected.

15.

16. In the event of any dispute between the Member and the Constituent under this agreement or arising out of any transactions on NCDEX Spot platform, the same shall be referred to sole arbitrator appointed by the Exchange and such arbitrator shall decide the dispute in accordance with the Arbitration and Conciliation Act, 1996. The decision of the Arbitrator so arrived shall be final and binding on all the disputing parties.

In WITNESS THEREOF, the parties to agreement have caused these presents to be executed as of the day and year first above written.

SIGNED for and on behalf of SIGNED for and on behalf of

THE Member: Ashika Commodities & Derivatives Pvt. Ltd. THE Client:

By : By :

Signature : Signature :

Title : Title :

Witness: Witness:

( 26 )

14

3

bipinji = 90070 66040

bipinji = 4010 2587

Rohit Puglia = 96819 05050

Rohit Puglia = 90070 66118

Form No. 21204 0001

Page 33: bipinji = 4010 2587 - Ashika · PDF filebipinji = 90070 66040 bipinji = 4010 2587 Rohit Puglia = 96819 05050 Rohit Puglia = 90070 66118 Form No. 21204 0001. To know the status of your

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t

bipinji = 90070 66040

bipinji = 4010 2587

Rohit Puglia = 96819 05050

Rohit Puglia = 90070 66118

Form No. 21204 0001

Page 34: bipinji = 4010 2587 - Ashika · PDF filebipinji = 90070 66040 bipinji = 4010 2587 Rohit Puglia = 96819 05050 Rohit Puglia = 90070 66118 Form No. 21204 0001. To know the status of your

Appendix - AElectronic Contract Note [ECN] — DECLARATION

(Mandatory if client opts for ECN)

To,Ashika Commodities & Derivatives Pvt. Ltd.“Trinity”, 7th Floor, 226/1, A. J. C. Bose RoadKolkata – 700020

Dear Sir,

I ___________________________________, a client with Member, M/s. Ashika Commodities & Derivatives Pvt. Ltd., member of respective Exchanges undertake as follows:

• I am aware that the Member has to provide physical contract note in respect of all the trades placed by me unless I myself want the same in the electronic form.

• I am aware that the Member has to provide electronic contract note for my convenience on my request only.

• Though the Member is required to deliver physical contract note, I find that it is inconvenient for me to receive physical contract notes. Therefore, I am voluntarily requesting for delivery of electronic contract note pertaining to all the trades carried out / ordered by me.

• I have access to a computer and am a regular internet user, having sufficient knowledge of handling the email operations.

• My email Id is _______________________. This has been created by me and not by someone else.

• I am aware that this declaration form should be in English or English and any other Indian language known to me.

• This declaration is valid till 31st March ____________________ (yyyy)

[The above declaration has been read and understood by me. I am aware of the risk involved in dispensing with the physical contract note, and do hereby take full responsibility for the same]

_______________________________________________________________________________________________

_______________________________________________________________________________________________

_______________________________________________________________________________________________

(The above lines must be reproduced in own handwriting of the client.)

Client Name : ___________________________________________________________________________________

Unique Client Code : ___________________________________________ PAN : ___________________________

Address : _______________________________________________________________________________________

Signature of Client

Date : Place :

Verification of the client signature done by : __________________________________________________________

Name of the designated officer of the Member : ______________________________________________________

Signature :________________________________________

Date:

( 28 )

15

VOLUNTARY

bipinji = 90070 66040

bipinji = 4010 2587

Rohit Puglia = 96819 05050

Rohit Puglia = 90070 66118

Form No. 21204 0001

Page 35: bipinji = 4010 2587 - Ashika · PDF filebipinji = 90070 66040 bipinji = 4010 2587 Rohit Puglia = 96819 05050 Rohit Puglia = 90070 66118 Form No. 21204 0001. To know the status of your

ANNEXURE - 1

DECLARATION ON OPEN INTEREST POSITION(Mandatory if client wants to trade in NCDEX or MCX)

To,Ashika Commodities & Derivatives Private Ltd.Trinity, 226/1, A J C Bose RoadKolkata-700 020Dear Sir,

Subject : My/Our request for trading in commodity forward contracts/commodityderivatives on NCDEX/MCX/ICEX/ACE/NMCE as your client

I/We, the undersigned, have taken cognizance of NCDEX circular no. NCDEX/TRADING 114/2006/247 dated September 28, 2006 and MCX circular no. MCX/338/2006 dated August 21, 2006 and on the guidelines provided by the respective exchanges for calculation of net open positions permitted in any commodity and I/we hereby undertake to comply with the same.

I/We hereby declare and undertake that we will not exceed the position limits prescribed from time to time by respective exchanges or Forward Markets Commission and such position limits will be calculated in accordance with the contents of above stated circulars of NCDEX and MCX as modified from time to time.

I/We undertake to inform you and keep you informed if I/any of our partners/directors/karta/trustee or any of the partnership firms/companies/HUFs/ Trusts in which I or any of above such person is a partner/director/karta/ trustee, takes or holds any position in any commodity forward contract/commodity derivative on respective exchanges through you or through any other member(s) of respective exchanges, to enable you to restrict our position limit as prescribed by the above referred circulars of respective exchanges as modified from time to time.

I/We confirm that you have agreed to enter orders in commodity forward contracts/commodity derivatives for me/us as your clients on respective exchanges only on the basis of our above assurances and undertaking.

Yours faithfully,

For __________________________

(In case of Non-Individual client, the same to be signed by the Authorised signatory with Company Seal)

ANNEXURE - 2MANDATE FOR AUTHORIZED REPRESENTATIVE

I am / We are having a commodities trading account bearing client code ________________with Ashika Commodities & Derivatives Pvt Ltd. do hereby authorize Mr. ___________________________________ , being my/our _________________________________ R/o __________________________________ herein after referred to as authorized representative whose signature is given below, to trade on my/ our behalf and I / we further accept that all obligations arising out of trades executed by such person will be met by me/us. Further, I / We authorize you to accept all instructions, from such person pertaining to settlement of transactions in my/our account.I/We also undertake to indemnify Ashika Commodities & Derivatives Pvt Ltd. for all dues, penalties, and incidental expenses relating to, and arising out of and in connection with transactions pertaining to trading account no. _____________________with Ashika Commodities & Derivatives Pvt Ltd. and operated by my/our authorized representative Mr / Mrs. ________________________________________________________.

Place :..................................

Date :..................................

(Signature of Mandate Holder) Attested

(Signature of client)

Note: In case the client does not sign this mandate, orders, instructions and payment / transfer advises shall not be

( 29 )

16

17

NON-MANDATORY

NON-MANDATORY

bipinji = 90070 66040

bipinji = 4010 2587

Rohit Puglia = 96819 05050

Rohit Puglia = 90070 66118

Form No. 21204 0001

Page 36: bipinji = 4010 2587 - Ashika · PDF filebipinji = 90070 66040 bipinji = 4010 2587 Rohit Puglia = 96819 05050 Rohit Puglia = 90070 66118 Form No. 21204 0001. To know the status of your

ANNEXURE - 3UNDERTAKING

To,Ashika Commodities & Derivatives Private Ltd.Trinity, 226/1, A J C Bose Road, Kolkata-700 020Dear Sir,With reference to my/our registration as your Client and the execution of Member and Client Agreement of trading in NCDEX/ MCX/ICEX/ACE/NMCE, I/We hereby unconditionally and irrevocably undertake and agree that:1. ACDPL may not place my/our order unless required initial margin has been upfront paid to them. I/We will pay

additional/maintenance margin as and when required by ACDPL in respect of positions taken by me/us. Any margin paid will be so reckoned only when in acceptable form (as stipulated by Exchange/FMC from time to time).

2. Excess Margins deposited towards one exchange may be adjusted, on a running basis, towards margin requirement/ debit balance in same / other Exchange where I/We have the client account.

3. ACDPL shall maintain my/our account on a running account basis to be settled periodically. ACDPL is also hereby authorised to consider the credit balances in my/our account for the purpose of margins/other obligations due in same/other exchange.

4. Non-fulfillment of either the whole or part of the margin obligations/any other obligation/commitment at any point of time will give ACDPL the right, without any further notice, to close-out outstanding position, withdraw trading facility, impose penalties, collect appropriate deposits including invoking bank guarantees/ fixed deposit receipts and/or selling out securities deposited towards margins. These measures are exclusive of anything ACDPL deems fit to take at their discretion to financially safeguard themselves under the circumstances.

5. ACDPL may pledge securities received from me/ us towards margins to the Commodity Exchange(s) / NCCL / MCX Clearing House/Corporation or their custodian appointed by them for the purpose of margin to facilitate my/ our transaction in the normal course of business. Further, ACDPL shall release the securities to me/ us on my/ our request only if the same is releasable to me/ us.

6. To accept my/our order placement / modification / cancellation verbally and confirm about the same verbally. Hence, ACDPL is advised not to send me/us any order confirmation / cancellation / modification / trade confirmation slip, etc.

7. To deliver contract notes/ statement of accounts/ cheques to my /our person /office which will be sufficiently deemed to have been personally delivered to me / us. These may also be sent to me /us by post / courier at my/ our own risk.

8. ACDPL may charge me/us the cost of holding my/our securities with them as margins.9. ACDPL can/may pass on me/us any penalty imposed/loss suffered together with incidental expenses due to my/ our

violating any of the requirements/stipulations of NCDEX/MCX/ICEX/ACE/NMCE/FMC or any other regulatory authority including but not limited to my/our disturbing fair price determination in the market or resorting to unfair trade practices.

10. I/We will be extending all co-operation to ACDPL in their endeavour towards Anti-Money Laundering. ACDPL may initiate any enquiry against me/us and/or my/our transactions any time without any legal implication whatsoever against them. I/We understand that information about me/us and my/our transactions may be reported by ACDPL to FlU/concerned authorities without any intimation to us and have no objection to the same.

11. I/We understand that ACDPL might be doing proprietory trades and have no objection to the same.12. ACDPL and its directors, officers, employees, and agents shall not be responsible or liable for any loss suffered or which

may be suffered by me/ us, arising from any delay or failure in the transmission, receipt, execution or confirmation of orders due to any breakdown, interruption or failure of transmission of the Internet, computer network, software, hardware, other computer devices, Internet system and any problem arising from my/our side.

13. ACDPL and/or its agents will not be liable for losses caused directly or indirectly by government restriction, Exchange or market rulings, suspension of trading, computer, communication, telephone or system failure, war, earthquakes, flood, accident, power failure, equipment or software malfunction, strikes or any other conditions beyond its control.

14. I/we undertake to reconcile your Statement of account on receipt with my/our records and will not hold you responsible for differences, if they are not informed to you within reasonable time.

15. ACDPL may restrict my/our trading as per their risk management and/or due diligence policies or any other reason inspite of my/our having paid full margin. I/We will comply to their requirements then which may include submission of updated documents, undertaking new agreements, etc.

16. I/We shall not hold ACDPL or any of its employee/official/agent/affiliate responsible or liable for any information, recommendation or advice with respect to any investment/trading decision or transaction, and if so acted upon by me/us, the same shall be at my/our sole risk and cost.

17. Any expenditure incidental to my/our taking or giving of deliveries (of commodities) shall be borne by me /us.

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( 30 )

Signature of Client 18

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NON-MANDATORY

bipinji = 90070 66040

bipinji = 4010 2587

Rohit Puglia = 96819 05050

Rohit Puglia = 90070 66118

Form No. 21204 0001

Page 37: bipinji = 4010 2587 - Ashika · PDF filebipinji = 90070 66040 bipinji = 4010 2587 Rohit Puglia = 96819 05050 Rohit Puglia = 90070 66118 Form No. 21204 0001. To know the status of your

FORMAT - 1

FORMAT OF DECLARATION OF JOINT FAMILY(To be submitted on the Letter Head of HUF)

To

Ashika Commodities & Derivatives Pvt. Ltd.Head Office: Trinity, 226/1, A.J.C. Bose Road7th Floor, Kolkata-700 020

Trading Account No._____________

As our HUF wishes to open a trading account with your Company in the name of ______________________

_______________________________________. We hereby state that the first signatory to this letter,

i.e.__________________________________________________________ is the KARTA of the Joint Family and other

signatories are the adult coparceners of the said family.

We further confirm that the business of the said Joint Family is carried on mainly by the said KARTA in the interest and benefit of the entire body of coparceners of the Joint Family. We all undertake that claims due to the Ashika Commodities & Derivatives Private Limited from the said family shall be recoverable personally from all or any of us and also from the entire family properties of which the first signatory is the Karta, including the share of minor coparceners.

In view of the fact that ours is not a firm governed by the Indian Partnership Act of 1932, we have not got our said Family registered under the said Act. We hereby undertake to inform Ashika Commodities & Derivatives Private Limited of the death or birth of any coparcener or any change occurring at any time in the membership of our joint Family during the currency of the account.

Details of Karta

1. Name____________________________________DOB________________PAN-____________________________

Details of Adult Coparceners

1. Name____________________________________DOB________________PAN-____________________________

1. Name____________________________________DOB________________PAN-____________________________

1. Name____________________________________DOB________________PAN-____________________________

1. Name____________________________________DOB________________PAN-____________________________

Details of minor Coparceners

1. Name____________________________________DOB________________PAN-____________________________

1. Name____________________________________DOB________________PAN-____________________________

( 31 )

Note: Kindly provide a copy of ID Proof and Address Proof of all the above HUF members.

F O R M AT

bipinji = 90070 66040

bipinji = 4010 2587

Rohit Puglia = 96819 05050

Rohit Puglia = 90070 66118

Form No. 21204 0001

Page 38: bipinji = 4010 2587 - Ashika · PDF filebipinji = 90070 66040 bipinji = 4010 2587 Rohit Puglia = 96819 05050 Rohit Puglia = 90070 66118 Form No. 21204 0001. To know the status of your

FORMAT - 2DECLARATION TO BE GIVEN BY PARTNERSHIP

(To be obtained on Pre-Printed Letter Head of the Firm)

Dated :

ToAshika Commodities & Derivatives (P) Ltd.Trinity, 226/1, A.J.C. Bose Road, 4th Floor, Kolkata-700 020

Dear Sir,

We refer to the trading account opened with you in the name of................................................................. and declare and authorize you as under:

We agree that the obligations for commodities purchased and/or sold by the firm will be handled and completed through transfers to/from the above-mentioned account. We recognize and accept transfers made by you to the beneficiary account as complete discharge of obligations by you in respect of trades executed in the above trading account of the firm.

Signature Signature Signature

Instructions : Should be signed by all partners of the firm

FORMAT - 3FORMAT OF BOARD RESOLUTION IN CASE OF CORPORATE

(To be obtained on Pre-Printed Letter Head of the Firm)

EXTRACTS OF MINUTES OF THE MEETING OF BOARD OF DIRECTORS OF M/S. ________________________________

_____________________________________ HELD ON ______________________ AT THE REGISTERED OFFICE OF THE

COMPANY AT ____________________________________________________________________________________

The Chairman informed for opening Commodities Derivatives/Spot* Trading Account with M/s. Ashika Commodities & Derivatives Pvt. Ltd., “Trinity”, 226/1, A. J. C. Bose Road, 7th Floor, Kolkata – 700020 for making derivatives/Spot transactions and keeping the detailed holding of derivatives/Spot transaction of commodities.

(*Use the applicable Segment, provide separate resolution for Trading in respective Exchange)

“RESOLVED THAT a Derivatives/Spot Trading Account of the Company be opened with M/s. Ashika Commodities & Derivatives Pvt. Ltd., “Trinity”, 226/1, A. J. C. Bose Road, 7th Floor, Kolkata – 700020 and that the said Company be and is hereby authorised to honour all instructions, accepted or made on behalf of the Company by any of the following directors/authorised representative of the company to act on any instruction so given relating to the account.

Shri (Director / Authorised Representative)

Shri (Director / Authorised Representative)

FURTHER RESOLVED THAT Mr. / Ms. ____________________________________________________ Director of the Company be and is hereby singly / jointly authorised to negotiate and complete all the necessary formalities in respect of opening the Derivatives/Spot Trading Account.”

For (Name of the Company)

Chairman / Director

( 32 )

F O R M AT

F O R M AT

bipinji = 90070 66040

bipinji = 4010 2587

Rohit Puglia = 96819 05050

Rohit Puglia = 90070 66118

Form No. 21204 0001

Page 39: bipinji = 4010 2587 - Ashika · PDF filebipinji = 90070 66040 bipinji = 4010 2587 Rohit Puglia = 96819 05050 Rohit Puglia = 90070 66118 Form No. 21204 0001. To know the status of your

Scrutiny ChecklistParticulars Remarks, if any

1. KYC form not filled in Block letters/Black ink _______________________________________________________

2. Photograph not proper _______________________________________________________________________

3. Sign required across the photograph _____________________________________________________________

4. Countersign required on page no ________________________________________________________________

5. Company seal required on page no ______________________________________________________________

6. Mobile no/email id not provided/proper _________________________________________________________

7. Introducer’s signature required on page no _______________________________________________________

8. Nominee photograph not proper/signed across ____________________________________________________

9. Nominee PAN/ Date of Birth required ____________________________________________________________

10. Witness sign required on page no _______________________________________________________________

11. Copy of PAN required/not clear _________________________________________________________________

12. Proof of address submitted not proper/valid/admissible _____________________________________________

13. Proof of bank details submitted not proper/valid/admissible _________________________________________

14. Financial details submitted not proper/valid/admissible _____________________________________________

15. Copy of PAN of HUF/Karta/Directors/Partners/Trustees required______________________________________

16. Declaration/Board resolution of the HUF/Company/Partner/Trust required for Demat/trading account________

17. Share Holding pattern required/not proper _______________________________________________________

18. Annual report required/not proper______________________________________________________________

19. Form 18/ Form 32 required/not proper__________________________________________________________

20. Memorandum of Association/Articles of Association required/not proper______________________________

21. Specimen signature of Coparceners/Directors or Authorized Signatories/Partners/Trustees required_________

22. Name mismatch with PAN/Bank_________________________________________________________________

23. ___________________________________________________________________________________________

24. ___________________________________________________________________________________________

25. ___________________________________________________________________________________________

26. ___________________________________________________________________________________________

27. ___________________________________________________________________________________________

28. ___________________________________________________________________________________________

29. ___________________________________________________________________________________________

30. ___________________________________________________________________________________________

( 33 )

FOR OFFICE USE ONLY

bipinji = 90070 66040

bipinji = 4010 2587

Rohit Puglia = 96819 05050

Rohit Puglia = 90070 66118

Form No. 21204 0001

Page 40: bipinji = 4010 2587 - Ashika · PDF filebipinji = 90070 66040 bipinji = 4010 2587 Rohit Puglia = 96819 05050 Rohit Puglia = 90070 66118 Form No. 21204 0001. To know the status of your

DOCUMENTS CHECKLISTDocuments admissible

1. Photograph

Recent passport size color photograph is required. Photograph should be printed on photo paper.

2. Proof of Address (Any one of the following)

a. Passport/Driving License (should be valid on the date of account opening)

b. Ration Card/Voter ID

c. Bank Passbook/Statement (should not be more than 3 months old on date of account opening)

d. Bank Verification Letter

e. Utility Bill: Landline (Mobile Bill not Accepted)/Electricity/Gas (should not be more than 3 months old on date of account opening)

f. Registered Lease or Sale Agreement of residence (should be valid on the date of account opening)

NOTE: In case one does not have an address proof in his name, he can provide a declaration from the person with whom he is staying. In this case Identity proof of the declaring person MUST also be submitted

3. Bank Proof (Any one of the following)

NOTE: (First/Sole applicant should be the first holder in the bank account as well)

a. Copy of cheque/Cancelled Cheque (if cheque bears pre-printed name of the client)

OR ELSE

b. Bank Statement/Pass Book (if it is not on the stationery of the bank then it should be authenticated by the bank with seal)

c. Letter from Bank

4. Demat Proof (Any one of the following)

a. Client Master

b. DP Statement

c. Transaction cum Holding Statement

d. Welcome letter

5. Income Proof (Any one of the following)

a. Copy of latest ITR Acknowledgment

b. Latest Salary Slip or Copy of Form 16 as of last assessment year

c. Net worth certificate (issued as on last financial year)

d. Below mentioned documents with self declaration

§ Copy of latest Demat Account Holding Statement

§ Copy of Bank Statement for last SIX months

§ Any other relevant documents substantiating ownership of assets

NOTE:

• Copies of all documents should be self attested

• All submitted documents shall be verified with originals by Ashika Commodities & Derivatives Pvt. Ltd. employee.

• In case the original of any documents is not produced for verification, then the copies should be properly attested by entities authorized for attesting the documents as per the list in section E on page no. 9

INDIVIDUALS

1. Photograph

2. PAN

3. Proof of Correspondence Address

4. Proof of Permanent Address

5. Bank Proof with MICR Code

6. Demat Proof (required if opening a trading account for Spot e-contract)

7. Income Proof

NRI1. Photograph2. PAN3. Proof of Foreign Address4. Proof of Local Address5. Additional Documentsa. Passport with visa copy/PIO Card/OCI Cardb. PINS Declaration Copyc. In case of Merchant Navy NRIs, Mariner's declaration

or certified copy of CDC (Continuous Discharge certificate)

6. Bank Proof with MICR Code7. Demat Proof (required if opening a trading account

for Spot e-contract)8. Income Proof

( 34 )

bipinji = 90070 66040

bipinji = 4010 2587

Rohit Puglia = 96819 05050

Rohit Puglia = 90070 66118

Form No. 21204 0001

Page 41: bipinji = 4010 2587 - Ashika · PDF filebipinji = 90070 66040 bipinji = 4010 2587 Rohit Puglia = 96819 05050 Rohit Puglia = 90070 66118 Form No. 21204 0001. To know the status of your

HUF

1. Photograph of Karta

2. PAN

a. HUF

b. Karta

3. Proof of Address

a. HUF

b. Karta

4. Deed of Declaration of HUF/List of coparceners

5. Bank Proof with MICR Code of the HUF

6. Demat Proof (required if opening a trading accountfor Spot e-contract)

7. Income Proof

CORPORATE

1. Photograph

a. whole time directors/two directors in charge of day to day operations

b. Individual promoters holding control – either directly or indirectly

2. Proof of Address

a. whole time directors/two directors in charge of day to day operations

b. Individual promoters holding control – either directly or indirectly

3. PAN

a. whole time directors/two directors in charge of day to day operations

b. Individual promoters holding control – either directly or indirectly

4. DIN Number

a. whole time directors/two directors in charge of day to day operations

5. Bank Proof with MICR Code

6. Demat Proof (required if opening a trading account for Spot e-contract)

7. Income Proof

8. Balance Sheet and Profit & Loss account with net-worth information for last two years

9. Share Holding Pattern( as of last quarter or more recent)

10. Memorandum and Articles of Association and certificate of incorporation

11. Board Resolution

12. Form 18

13. Form 32

14. List of Directors

15. Authorized signatories List

PARTNERSHIP FIRM

1. Photograph of all the Partners

2. PAN

a. Partnership Firm

b. All the Partners

3. Proof of Address

a. Partnership Firm

b. All the Partners

4. Balance Sheet and Profit & Loss account for last two years

5. Copy of Partnership Deed

6. Certificate of Registration (for registered Partnership Firms only)

7. Authorized Signatories list with specimen signatures

8. Bank Proof with MICR Code

9. Demat Proof (required if opening a trading account for Spot e-contract)

10. Income Proof

LIMITED LIABILITY PARTNERSHIP (LLP)

1. Photograph of all the Partners

2. PAN

a. LLP

b. All the Partners

3. Proof of Address

a. LLP

b. All the Partners

4. Balance Sheet and Profit & Loss account for last twoyears

5. Net-worth certificate (certified by a CA)

6. Copy of Partnership Deed

7. Certificate of Registration

8. Authorized Signatories list with specimen signatures(as per our format)

9. Bank Proof with MICR Code

10. Demat Proof (required if opening a trading accountfor Spot e-contract)

11. Income Proof

TRUST

1. Photograph of all the signatories

2. PAN

a. Trust

b. All the signatories

3. Proof of Address

a. Trust

b. All the signatories( 35 )

bipinji = 90070 66040

bipinji = 4010 2587

Rohit Puglia = 96819 05050

Rohit Puglia = 90070 66118

Form No. 21204 0001

Page 42: bipinji = 4010 2587 - Ashika · PDF filebipinji = 90070 66040 bipinji = 4010 2587 Rohit Puglia = 96819 05050 Rohit Puglia = 90070 66118 Form No. 21204 0001. To know the status of your

4. Balance Sheet and Profit & Loss account for last two years

5. Copy of Trust Deed

6. Certificate of Registration (for registered trusts only)

7. List of Trustees certified by Managing Trustees/CA

8. Bank Proof with MICR Code

9. Demat Proof (required if opening a trading accountfor Spot e-contract)

10. Income Proof

UNINCORPORATED ASSOCIATION OR A BODY OF INDIVIDUALS

1. Photograph of all the signatories

2. PAN

a. Association/BoI

b. All the Signatories

3. Proof of Address

a. Association/BoI

b. All the Signatories

4. Proof of Existence/Constitution Document

5. Resolution of the managing body & Power ofAttorney granted to transact business on its behalf

6. Authorized Signatories list with specimen signatures

7. Bank Proof with MICR Code

8. Demat Proof (required if opening a trading accountfor Spot e-contract)

9. Income Proof

BANKS/INSTITUTIONAL INVESTORS

1. Photograph of all the signatories

2. PAN

a. Bank/Institutional Investors

b. All the Signatories

3. Proof of Address

4. Copy of the constitution/registration

5. Annual Report/balance sheet for the last two years

6. Authorized Signatories list with specimen signatures

7. Bank Proof with MICR Code

8. Demat Proof (required if opening a trading accountfor Spot e-contract)

9. Income Proof

Foreign Institutional Investors (FIIs)

1. Photograph of all the signatories

2. PAN

a. Bank/Institutional Investors

b. All the Signatories

3. Proof of Address

4. Copy of the SEBI registration certificate

5. Authorized Signatories list with specimen signatures

6. Bank Proof with MICR Code

7. Demat Proof (required if opening a trading accountfor Spot e-contract)

8. Income Proof

ARMY/GOVERNMENT BODIES

1. Photograph of all signatories

2. PAN

a. Bank/Institutional Investors

b. All the Signatories

3. Proof of Address

4. Self certification on letterhead

5. Authorized Signatories list with specimen signatures

6. Bank Proof with MICR Code

7. Demat Proof (required if opening a trading accountfor Spot e-contract)

8. Income Proof

REGISTERED SOCIETY

1. Photograph of all the signatories

2. PAN

a. Bank/Institutional Investors

b. All the signatories

3. Proof of Address

4. Copy of Registration Certificate under SocietiesRegistration Act

5. List of Managing Committee Members

6. Committee Resolution for persons authorized to actas Authorized Signatories with specimen signatures

7. True copy of Society Rules and Bye Laws certified bythe Chairman/Secretary

8. Bank Proof with MICR Code

9. Demat Proof

10. Income Proof

( 36 )

bipinji = 90070 66040

bipinji = 4010 2587

Rohit Puglia = 96819 05050

Rohit Puglia = 90070 66118

Form No. 21204 0001