CGS-CIMB SECURITIES (INDIA) PRIVATE LIMITED...Dec 04, 2020 · CGS-CIMB Securities (India) Private...
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Registered & Corporate Office: 603 Platina, G Block, Plot No C 59, Bandra Kurla Complex, Mumbai 400 051 INDIA CGS-CIMB SECURITIES (INDIA) PRIVATE LIMITED Client Name : Client Code : CLIENT REGISTRATION KIT FORM NO:- Client Status : Resident / NRI / QFI Version - 3 (November,2020) Non-Individual
Transcript of CGS-CIMB SECURITIES (INDIA) PRIVATE LIMITED...Dec 04, 2020 · CGS-CIMB Securities (India) Private...
Registered & Corporate Office: 603 Platina, G Block, Plot No C 59, Bandra Kurla Complex, Mumbai 400 051 INDIA
CGS-CIMB SECURITIES (INDIA) PRIVATE LIMITED
Client Name :
Client Code :
CLIENT REGISTRATION KIT
FORM NO:-
Client Status : Resident / NRI / QFI
Version - 3(November,2020)
Non-Individual
CGS-CIMB Securities (India) Private Limited
Registration Exchange Registration No Date of Registration
Stock Broker
BSE
INZ000209135 14.11.2018NSE
Registered Office & Correspondence Address:
603 Platina, G Block, Plot No C 59, Bandra Kurla Complex, Mumbai 400 051 INDIA
Board: +91(22) 4880 5100 Fax: +91(22) 4880 5180
Web:www.cgs-cimb.com/india
Compliance Officer: MEENU WALIA
TEL NO.: +91 22 48805116 EMAIL ID: [email protected]
TEL NO.: +91
GRIEVANCE REDRESSAL MECHANISM
For any grievance/dispute please contact CGS-CIMB Securities (India) Private Limited at the correspondence addressid: [email protected] and Phone No.: 91-22 4880 5100.
In case not satisfied with the response, please contact the concerned exchange(s) at:
Arbitration: Bombay Stock Exchange Limited:
NSE Investor Grievance Cell /Tel No. :( 022) 2659 8173 Tel No. :( 022) 2272 8286
Fax No.: (022) 2659 8191 Tel No. :( 022) 2272 8097
Email: [email protected] Email: [email protected]
Email: [email protected]
You can also lodge your grievance with SEBI at http://scores.gov.in. For any queries, feedback or assistance,
please contact SEBI Office on Toll Free Helpline at 1800 22 7575 / 1800 266 7575."
or email
22 48805100 EMAIL ID: [email protected]
Chief Executive Officer: VISHAL TREHAN
ACCOUNT OPENING KITINDEX OF DOCUMENTS
S. No. Name of the Document Brief Significance of the Document
MANDATORY DOCUMENTS AS PRESCRIBED BY SEBI & EXCHANGES
Page No
A. CKYC Form - Document captures the basic information about
the constituent and an instruction/check list (Individual) alongwith Annexure
B. Document captures the additional information about the
constituent relevant to trading account and an instruction / check list.
C. FATCA Declaration & Consent for sharing of information with and withholding of payments as required by domestic & overseas authorities
1. Account Opening Form 1-4
5-8
NON MANDATORY DOCUMENTS AS PRESCRIBED BY SEBI & EXCHANGES
Voluntary Terms & Conditions between Broker & Client regarding Policies, Procedures, Rules with respect to Exposures, Margins and other areas of Operation
Running Account authorization letter for settlement of account periodically
1. Voluntary Terms & Conditions
Running Account authorization
26-33
342.
Document describing significant policies and procedures of the stock broker.
Document stating the Rights & Obligations of member, authorized person and client for trading on exchanges (including additional rights & obligations in case of internet / wireless technology based trading)
5. Policies and Procedures
2. Rights and Obligations
Prevention Of Money Laundering Policy (PMLA)
Document detailing rate / amount of brokerage and other charges levied on the client for trading on stock exchanges
6. PMLA
7. Schedule of Charges
20-23
Document detailing do’s and don’ts for trading on exchange, for the education of the investors.
4. Guidance Note 18-19
Document detailing risks associated with dealing in the securities market.
3. Risk Disclosure Document (RDD) 14-17
10-13
24
25
Document capturing risk appetite of Client5. Risk Profiler 37-39
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3.
4.
Authorization for operating the Trading Account
Authorization letter given by Client to place orders, collect payments/contracts and any other correspondence, etc
Declaration of understanding that the DP a/c is in a name of Partner
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36Format of Declaration to be given by Partnership on Letterhead of the Firm
Note: Total Signatures of Client in this "Client Registration Kit" is 20 (Twenty)
1
(Mandatory)
2
Proof of address submitted for correspondence address by Applicant.
Name of Authorised Signatory
AS1F
CGS-CIMB Securities (India) Private Limited
List of two – digit state / U.T codes as per Indian Motor Vehicle Act, 1988
State / U.T Code Andaman & Nicobar AN Andhra Pradesh AP Arunachal Pradesh AR Assam AS Bihar BR Chandigarh CH Chattisgarh CG Dadra and Nagar Haveli DN Daman & Diu DD Delhi DL Goa GA Gujarat GJ Haryana HR
State / U.T Code Himachal Pradesh HP Jammu & Kashmir JK Jharkhand JH Karnataka KA Kerala KL Lakshadweep LD Madhya Pradesh MP Maharashtra MH Manipur MN Meghalaya ML Mizoram MZ Nagaland NL Orissa OR
State / U.T Code Pondicherry PY Punjab PB Rajasthan RJ Sikkim SK Tamil Nadu TN Telangana TS Tripura TR Uttar Pradesh UP Uttarakhand UA West Bengal WB Other XX
List of ISO 3166 two- digit Country Code Country Country
Code Country Country
Code Country Country
Code Country Country
Code Afghanistan AF Dominican Republic DO Libya LY Saint Pierre and Miquelon PM Aland Islands AX Ecuador EC Liechtenstein LI Saint Vincent and the Grenadines VC Albania AL Egypt EG Lithuania LT Samoa WS Algeria DZ El Salvador SV Luxembourg LU San Marino SM American Samoa AS Equatorial Guinea GQ Macao MO Sao Tome and Principe ST Andorra AD Eritrea ER Macedonia, the former Yugoslav Republic
of MK Saudi Arabia SA
Angola AO Estonia EE Madagascar MG Senegal SN Anguilla AI Ethiopia ET Malawi MW Serbia RS Antarctica AQ Falkland Islands (Malvinas) FK Malaysia MY Seychelles SC Antigua and Barbuda AG Faroe Islands FO Maldives MV Sierra Leone SL Argentina AR Fiji FJ Mali ML Singapore SG Armenia AM Finland FI Malta MT Sint Maarten (Dutch part) SX Aruba AW France FR Marshall Islands MH Slovakia SK Australia AU French Guiana GF Martinique MQ Slovenia SI Austria AT French Polynesia PF Mauritania MR Solomon Islands SB Azerbaijan AZ French Southern Territories TF Mauritius MU Somalia SO Bahamas BS Gabon GA Mayotte YT South Africa ZA Bahrain BH Gambia GM Mexico MX South Georgia and the South Sandwich
Islands GS
Bangladesh BD Georgia GE Micronesia, Federated States of FM South Sudan SS Barbados BB Germany DE Moldova, Republic of MD Spain ES Belarus BY Ghana GH Monaco MC Sri Lanka LK Belgium BE Gibraltar GI Mongolia MN Sudan SD Belize BZ Greece GR Montenegro ME Suriname SR Benin BJ Greenland GL Montserrat MS Svalbard and Jan Mayen SJ Bermuda BM Grenada GD Morocco MA Swaziland SZ Bhutan BT Guadeloupe GP Mozambique MZ Sweden SE Bolivia, Plurinational State of BO Guam GU Myanmar MM Switzerland CH Bonaire, Sint Eustatius and Saba BQ Guatemala GT Namibia NA Syrian Arab Republic SY Bosnia and Herzegovina BA Guernsey GG Nauru NR Taiwan, Province of China TW Botswana BW Guinea GN Nepal NP Tajikistan TJ Bouvet Island BV Guinea-Bissau GW Netherlands NL Tanzania, United Republic of TZ Brazil BR Guyana GY New Caledonia NC Thailand TH British Indian Ocean Territory IO Haiti HT New Zealand NZ Timor-Leste TL Brunei Darussalam BN Heard Island and McDonald Islands HM Nicaragua NI Togo TG Bulgaria BG Holy See (Vatican City State) VA Niger NE Tokelau TK Burkina Faso BF Honduras HN Nigeria NG Tonga TO Burundi BI Hong Kong HK Niue NU Trinidad and Tobago TT Cabo Verde CV Hungary HU Norfolk Island NF Tunisia TN Cambodia KH Iceland IS Northern Mariana Islands MP Turkey TR Cameroon CM India IN Norway NO Turkmenistan TM Canada CA Indonesia ID Oman OM Turks and Caicos Islands TC Cayman Islands KY Iran, Islamic Republic of IR Pakistan PK Tuvalu TV Central African Republic CF Iraq IQ Palau PW Uganda UG Chad TD Ireland IE Palestine, State of PS Ukraine UA Chile CL Isle of Man IM Panama PA United Arab Emirates AE China CN Israel IL Papua New Guinea PG United Kingdom GB Christmas Island CX Italy IT Paraguay PY United States US Cocos (Keeling) Islands CC Jamaica JM Peru PE United States Minor Outlying Islands UM Colombia CO Japan JP Philippines PH Uruguay UY Comoros KM Jersey JE Pitcairn PN Uzbekistan UZ Congo CG Jordan JO Poland PL Vanuatu VU Congo, the Democratic Republic of the
CD Kazakhstan KZ Portugal PT Venezuela, Bolivarian Republic of VE
Cook Islands CK Kenya KE Puerto Rico PR Viet Nam VN Costa Rica CR Kiribati KI Qatar QA Virgin Islands, British VG Cote d'Ivoire !Côte d'Ivoire CI Korea, Democratic People's Republic
of KP Reunion !Réunion RE Virgin Islands, U.S. VI
Croatia HR Korea, Republic of KR Romania RO Wallis and Futuna WF Cuba CU Kuwait KW Russian Federation RU Western Sahara EH Curacao !Curaçao CW Kyrgyzstan KG Rwanda RW Yemen YE Cyprus CY Lao People's Democratic Republic LA Saint Barthelemy !Saint Barthélemy BL Zambia ZM Czech Republic CZ Latvia LV Saint Helena, Ascension and Tristan da
Cunha SH Zimbabwe ZW
Denmark DK Lebanon LB Saint Kitts and Nevis KN Djibouti DJ Lesotho LS Saint Lucia LC Dominica DM Liberia LR Saint Martin (French part) MF
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Details of Promoters/ Partners/ Karta / Trustees and whole time directors forming a part of Know Your Client (KYC) Application Form for Non-Individuals
Name of Applicant PAN of the Applicant
Seal/Stamp of the CGS-CIMB Securities (India) Private Limited
Signature of the Authorised Signatory
Name :
Date : D D M M Y Y Y Y
Sr. No.
PAN NameDIN (For
Directors) &UID
Residential /Registered
Address
Relationshipwith
Applicant(i.e. promoters,
whole timedirectors etc.)
WetherPoliticallyExposed
Photograph
q
q
q
PEP
RPEP
NO
q
q
q
PEP
RPEP
NO
q
q
q
PEP
RPEP
NO
q
q
q
PEP
RPEP
NO
q
q
q
PEP
RPEP
NO
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AS 2
Bank Name
Branch address
Bank account no. Account Type: Saving/Current/
Others-In case of NRI/NRE/NRO MICR
Number IFSC code
Name of Exchange
National Stock Exchange of India Limited
Capital Market
Futures & Options
*Please sign in the relevant boxes where you wish to trade. The segment not chosen should be struck off by the Client
# If, in future, the client wants to trade on any new segment/new exchange, separate authorization/letter should be taken from the client by the stock broker.
Market Segment Client Signature
Bombay Stock Exchange Limited
Cash
AS3F
AS4F
AS5F
C. TRADING PREFERENCE
TRADING ACCOUNT RELATED DETAILS (For Non Individuals)
A. BANK ACCOUNT(S) DETAILS
B. DEPOSITORY ACCOUNT(S) DETAILS
Beneficiary ID (BO ID)
Depository Participant Name
Depository Name (NSDL/CDSL)
Beneficiary Name DP ID
Details of any action/proceedings initiated/pending/ taken by SEBI/ Stock exchange/any other authority against the applicant/constituent or its Partners/promoters/whole time directors/authorized persons in charge of dealing in securities during the last 3 years: ………………………………………………………………………………………………..
D. PAST ACTIONS
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Sub-broker’s Name:
SEBI Registration number:
Registered office address
Phone
Website
Fax
E. DEALINGS THROUGH SUB-BROKERS AND OTHER STOCK BROKERS
If Client is dealing through the sub-broker, provide the following details:
Whether dealing with any other stock broker/sub-broker (if case dealing with multiple stock brokers/sub-brokers, provide details of all)
Name of stock broker
Name of Sub-Broker, if any:
Client Code:
Details of disputes/dues pending from/to such stock broker / sub-broker:
Exchange:
F. ADDITIONAL DETAILS (In case of non-individuals)
• Whether you wish to receive physical contract note or Electronic Contract Note (ECN) (please specify):_______________
• Specify your Email id, if applicable:____________________________________________________________________
• Whether you wish to avail of the facility of internet trading/ wireless technology (please specify):___________________
• Number of years of Investment/Trading Experience:______________________________________________________
In case of non-individuals, name, designation, PAN, UID, signature, residential address and photographs of personsauthorized to deal in securities on behalf of company/firm/others: …………………………………………………………..
• Any other information:_____________________________________________________________________________
•
G. INTRODUCER’S DETAILS (OPTIONAL)
Name of Introducer
Introducer Address
Signature of the Introducer _______________________________________
Surname Name Middle Name
Status of the Introducer: q Sub-broker q Employee q Authorized Person q Client
q Others, please specify_________________
Phone No.
Name of the Nominee:
Relationship with the Nominee:
PAN of Nominee:
Address of the Nominee:
Aadhar No. of Nominee:
Date of Birth of Nominee:Phone No. of the Nominee:
H. NOMINATION DETAILS (For Individuals Only)
q I/We wish to nominate q I/We do not wish to nominate
D D M M Y Y Y Y
If Nominee is a minor, details of guardian:
Name of guardian:
Address of the Guardian:
Phone No. of the Guardian:
Signature of Guardian: _________________________
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J. OTHER DETAILS ( Please see guidelines ) For Non-Individuals
1. Gross Annual Income Details (Please tick (3): Below 1 Lac 1-5 Lac 5-10 Lac 10-25 Lac 25 Lacs - 1 Crore >1 Crore
2. Net-worth in `. as on (date) / /(*Net worth should not be older than 1 year) d d m m y y y y
3. Is the entity involved/providing any of the following services
- For Foreign Exchange / Money Changer Services YES NO - Gaming / Gambling / Lottery Services (e.g. casinos, betting syndicates) YES NO- Money Lending / Pawning YES NO
4. Any other information:
WITNESS (Only applicable in case the account holder has made nomination)
Witness 1
Name
Signature______________________________________
Address
Witness 2
Name
Signature______________________________________
Address
DECLARATION
1. I/We hereby declare that the details furnished above are true and correct to the best of my/our knowledge and belief andI/we undertake to inform you of any changes therein, immediately. In case any of the above information is found to befalse or untrue or misleading or misrepresenting, I am/we 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 document on policy and procedures of thestock broker and the tariff sheet.
3. I/We further confirm having read and understood the contents of the ‘Rights and Obligations’ document(s) and ‘RiskDisclosure Document’. I/We do hereby agree to be bound by such provisions as outlined in these documents. I/We havealso been informed that the standard set of documents has been displayed for Information on stock broker’s designatedwebsite, if any.
AS6FSignature of Client/ (all) Authorized Signatory (ies) Date : D D M M Y Y Y Y
Place :
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I. OTHER DETAILS ( Please see guidelines ) For Individual
1. Gross Annual Income Details (Please tick (3): Below 1 Lac 1-5 Lac 5-10 Lac 10-25 Lac > 25 Lacs
Net-worth in `. as on (date) (*Net worth should not be older than 1 year) d d / m m / y y y y
Private Sector Service Public Sector Government Service Business Professional Agriculturist Retired
Housewife Student Forex Dealer Others (Please specify)
2. Occupation (Please tick (3) any one and give brief details):
3. Please tick, if applicable : Politically Exposed Person Related to a Politically Exposed Person
For definition of PEP, please refer guidelines
4. Any other information:
OR
2. Self-certified copy of cancelled cheque leaf/ pass book/bank statement specifying name of the constituent,MICR Code or/and IFSC Code of the bank should be submitted.
3. Demat master or recent holding statement issued by DP bearing name of the client.4. For individuals:
a. Stock broker has an option of doing ‘in-person’ verification through web camera at the branch office ofthe stock broker/sub-broker’s office.
b. In case of non-resident clients, employees at the stock broker’s local office, overseas can do in-person’verification. Further, considering the infeasibility of carrying out ‘In-person’ verification of the non-residentclients by the stock broker’s staff, attestation of KYC documents by Notary Public, Court, Magistrate, Judge,
Local Banker, Indian Embassy / Consulate General in the country where the client resides may be permitted.5. For non-individuals:
a. Form need to be initialized by all the authorized signatories.b. Copy of Board Resolution or declaration (on the letterhead) naming the persons authorized to deal in
securities on behalf of company/firm/others and their specimen signatures.
*In respect of other clients, documents as per risk management policy of the stock broker need to be providedby the client from time to time.
UCC Code allotted to the Client
Documents verified with Originals
Client Interviewed ByIn-Person Verification
done by
Name of the Employee
Employee Code
Designation of the employee
Date
Signature
I / We undertake that we have made the Client aware of ‘Policy and Procedures’, tariff sheet and all the non-mandatory documents. I/We have also made the Client aware of ‘Rights and Obligations’ document (s), RDD and Guidance Note. I/We have given/sent him a copy of all the KYC documents. I/We undertake that any change in the ‘Policy and Procedures’, tariff sheet and all the non-mandatory documents would be duly intimated to the clients. I/We also undertake that any change in the ‘Rights and Obligations’ and RDD would be made available on my/our website, if any, for the information of the clients.
Signature of the Authorised Signatory Seal/Stamp of the CGS-CIMB Securities (India) Private Limited
FOR OFFICE USE ONLY
Date : D D M M Y Y Y Y
INSTRUCTIONS / CHECK LIST
1. Additional documents in case of trading in derivatives segments - illustrative list:
Copy of ITR Acknowledgement Copy of Annual Accounts
In case of salary income - Salary Slip, Copy of Form 16 Net worth certificate
Copy of demat account holding statement. Bank account statement for last 6 months
Any other relevant documents substantiating ownership Self declaration with relevant supportingof assets. documents.
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B. Account Opening Form Supplement : Non-Individual (Legal Person)
I hereby confirm the information provided above is true, accurate and complete.
Subject to the applicable local laws, I hereby consent for CGS- CIMB Securities (India) Private Limited,its parent or ultimate holding company or any of its affiliates (including branches) (collectively as “CIMB”) to share
information of__________________(Entity) with domestic or overseas regulators or tax authorities where necessary
to establish its tax liability in any/or the relevant jurisdiction.
Where required by domestic or overseas regulators or tax authorities, I also understand and agree that CGS-CIMB
may be required to obtain additional documents and/or forms, which authorised signatory or director(s) of_______
__________________(Entity) _____________________(Entity), will sign, if its shareholders and/or directors are
subject to the relevant jurisdiction’s requirements.
Where required by domestic or overseas regulators or tax authorities, I understand and agree that
CGS-CIMB may withhold, and pay out, from account(s) of such amounts as may be __________________(Entity)
required according to applicable laws, regulations, guidelines and/or agreements with regulators or authorities
and directives.
I also agree and undertake to notify CGS-CIMB (within 30 calendar days), or provide the information if requested by CGS- CIMB,if there is a change in any information which provided to CGS-CIMB.__________________(Entity) has
Designation:Name:
Date:
Alternative Form/Section within the Form for non-individual, company or legal person is currently not recommended
Applicant Signature:
Name of the Client:
AS7F
FATCA DECLARATION
Is your Tax Residency/Country of Birth/Citizenship/Nationality other than India?
Yes No (If Yes, please specify) Country of Birth ________________ Citizenship ___________________ Nationality ____________________
Yes No (If Yes, please specify) Country of Birth ________________ Citizenship ___________________ Nationality ____________________
Yes No (If Yes, please specify) Country of Birth ________________ Citizenship ___________________ Nationality ____________________
If yes, please indication all countries in which you are resident for tax purpose and the associated Tax ID number below:Country of Tax Residency# Tax Identifi cation Number* Identifi cation Type
____________________________ ____________________________ ____________________________
_____________________________ _____________________________ _____________________________
_____________________________ _____________________________ _____________________________
Country of Tax Residency# Tax Identifi cation Number* Identifi cation Type
____________________________ ____________________________ ____________________________
_____________________________ _____________________________ _____________________________
_____________________________ _____________________________ _____________________________
#To include all countries other than India, where investor is Citizen/Resident/Green Card Holder/Tax Resident in those respective countries especially of USA, India & Canada.* Incase tax identifi cation number is not available, kindly provide its functional equivalent.
RIGHTS AND OBLIGATIONS OF STOCK BROKERS, SUB-BROKERS AND CLIENTS
As Prescribed by SEBI and Stock Exchanges
1. The client shall invest / trade in those securities / contracts / other instruments admitted to dealings on the
Exchanges as defined in the Rules. Byelaws and Regulations of Exchanges / Securities and Exchange Board of India
(SEBI) and circulars / notices issued there under from time to time.
2. The stock broker, sub-broker and the client shall be bound by all the Rules, Byelaws and Regulations of the Exchange
and circulars/notices issued there under and Rules and Regulations of SEBI and relevant notifications of
Government authorities as may be in force from time to time.
3. The client shall satisfy itself of the capacity of the stock broker to deal in securities and/or deal in derivatives contracts
and wishes to execute its orders through the stock broker and the client shall from time to time continue to satisfy
itself of such capability of the stock broker before executing orders through the stock broker.
4. The stock broker shall continuously satisfy itself about the genuineness and financial soundness of the client and
investment objectives relevant to the services to be provided.
5. The stock broker shall take steps to make the client aware of the precise nature of the Stock broker’s liability
for business to be conducted, including any limitations, the liability and the capacity in which the stock brokeracts.
6. The sub-broker shall provide necessary assistance and co-operate with the stock broker in all its dealings with the
client(s).
CLIENT INFORMATION
7. The client shall furnish all such details in full as are required by the stock broker in “Account Opening Form”
with supporting details, made mandatory by stock exchanges/SEBI from time to time.
8. The client shall familiarize himself with all the mandatory provisions in the Account Opening documents. Any
additional clauses or documents specified by the stock broker shall be non-mandatory, as per terms & conditions
accepted by the client
9. The client shall immediately notify the stock broker in writing if there is any change in the information in the account
opening form’ as provided at the time of account opening and thereafter; including the information on winding
up petition/insolvency petition or any litigation which may have material bearing on his capacity. The client shall
provide / update the financial information to the stock broker on a periodic basis.
10. The stock broker and sub-broker shall maintain all the details of the client as mentioned in the account opening form
or any other information pertaining to the client, confidentially and that they shall not disclose the same to any
person/authority except as required under any law/regulatory requirements. Provided, however that the stock
broker may so disclose information about his client to any person or authority with the express permission of the
client.
MARGINS
11. The client shall pay applicable initial margins, withholding margins, special margins or such other margins as are
considered necessary by the stock broker or the Exchange or as may be directed by SEBI from time to time as
applicable to the segment(s) in which the client trades. The stock broker is permitted in its sole and absolute
discretion to collect additional margins (even though not required by the Exchange, Clearing House/Clearing
Corporation or SEBI) and the client shall be obliged to pay such margins within the stipulated time.
12. The client understands that payment of margins by the client does not necessarily imply complete satisfaction of all
dues, In spite of consistently having paid margins, the client may, on the settlement of its trade, be obliged to
pay (or entitled to receive) such further sums as the contract may dictate/require.
TRANSACTIONS AND SETTLEMENTS
13. The client shall give any order for buy or sell of a security / derivatives contract in writing or in such form or manner,
as may be mutually agreed between the client and the stock broker, The stock broker shall ensure to place orders
and execute the trades of the client, only in the Unique Client Code assigned to that client.
14. The stock broker shall inform the client and keep him apprised about trading / settlement cycles, delivery / payment
schedules, any changes therein from time to time, and it shall be the responsibility in turn of the client to comply with
such schedules/procedures of the relevant stock exchange where the trade is executed.
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15. The stock broker shall ensure that the money / securities deposited by the client shall be kept in a separate account,
distinct from his/its own account or account of any other client and shall not be used by the stock broker for himself /
itself or for any other client or for any purpose other than the purposes mentioned in Rules, Regulations, circulars,
notices, guidelines of SEBI and/or Rules, Regulations, Bye-laws, circulars and notices of Exchange.
16. Where the Exchange(s) cancels trade(s) suo moto all such trades including the trade/s done on behalf of the client shall
ipso facto stand cancelled, stock broker shall be entitled to cancel the respective contract(s) with client(s).
17. The transactions executed on the Exchange are subject to Rules, Byelaws and Regulations and circulars / notices issued
thereunder of the Exchanges where the trade is executed and all parties to such trade shall have submitted to the
jurisdiction of such court as may be specified by the Byelaws and Regulations of the Exchanges where the trade is
executed for the purpose of giving effect to the provisions of the Rules, Byelaws and Regulations of the Exchanges and
the circulars / notices issued thereunder.
BROKERAGE
18. The client shall pay to the stock broker brokerage and statutory levies as are prevailing from time to time and as they
apply to the clients account, transactions and to the services that stock broker renders to the client. The stock broker
shall not charge brokerage more than the maximum brokerage permissible as per the rules, regulations and bye-laws
of the relevant stock exchanges and/or rules and regulations of SEBI.
LIQUIDATION AND CLOSE OUT OF POSITION
19. Without prejudice to the stock broker’s other rights (including the right to refer a matter to arbitration), the client
understands that the stock broker shall be entitled to liquidate / close out all or any of the client’s positions for
nonpayment 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 securities which the client has ordered to be bought or sold, stock broker may close out the
transaction of the client and claim losses, if any, against the estate of the client. The client or his nominees, successors,
heirs and assignee shall be entitled to any surplus which may result there from. The client shall note that transfer of
funds / securities in favour of a Nominee shall be valid discharge by the stock broker against the legal heir.
21. The stock broker shall bring to the notice of the relevant Exchange the information about default in payment /
delivery and related aspects by a client. In case where defaulting client is a corporate entity / partnership /
proprietary firm or any other artificial legal entity, then the name(s) of Director(s) / Promoter(s) / Partner(s) /
Proprietor as the case may be, shall also be communicated by the stock broker to the relevant Exchange(s).
DISPUTE RESOLUTION
22. The stock broker shall provide the client with the relevant contact details of the concerned Exchanges and SEBI.
23. The stock broker shall co-operate in redressing grievances of the client in respect of all transactions routed through
it and in removing objections for bad delivery of shares, rectification of bad delivery, etc.
24. The client and the stock broker shall refer any claims and/or disputes with respect to deposits, margin money, etc.,
to arbitration as per the Rules, Byelaws and Regulations of the Exchanges where the trade is executed and circulars
/ notices issued (Hereunder as may be in force from time to time.
25. The stock broker shall ensure faster settlement of any arbitration proceedings arising out of the transactions entered
into between him vis-a-vis the client and he shall be liable to implement the arbitration awards made in such
proceedings.
26. The client / stock-broker understands that the instructions issued by an authorized representative for dispute
resolution, if any, of the client / stock-broker shall be binding on the client / stock-broker in accordance with the
letter authorizing the said representative to deal on behalf of the said client / stock-broker,
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TERMINATION OF RELATIONSHIP
27. This relationship between the stock broker and the client shall be terminated; if the stock broker for any reason
ceases to be a member of the stock exchange including cessation of membership by reason of the stock broker’s
default, death, resignation or expulsion or if the certificate is cancelled by the Board.
28. The stock broker, sub-broker and the client shall be entitled to terminate the relationship between them without
giving any reasons to the other party, after giving notice in writing of not less than one month to the other parties.
Notwithstanding any such termination, all rights, liabilities and obligations of the parties arising out of or in
respect of transactions entered into prior to the termination of this relationship shall continue to subsist and vest in
/ be binding on the respective parties or his / its respective heirs, executors, administrators, legal representatives or
successors, as the case may be.
29. In the event of demise / insolvency of the sub-broker or the cancellation of his / its registration with the Board or /
withdrawal of recognition of the sub-broker by the stock exchange and / or termination of the agreement with the sub
broker by the stock broker, for any reason whatsoever, the client shall be informed of such termination and the client
shall be deemed to be the direct client of the stock broker and all clauses in the ‘Rights and Obligations’
document(s) governing the stock broker, sub-broker and client shall continue to be in force as it is, unless the client
intimates to the stock broker his / its intention to terminate their relationship by giving a notice in writing of not less than
one month.
ADDITIONAL RIGHTS AND OBLIGATIONS
30. The stock broker shall ensure due protection to the client regarding client’s rights to dividends, rights or bonus
shares, etc. in respect of transactions routed through it and it shall not do anything which is likely to harm the interest
of the client with whom and for whom they may have had transactions in securities.
31. The stock broker and client shall reconcile and settle their accounts from time to time as per the Rules, Regulations,
Bye Laws, Circulars, Notices and Guidelines issued by SEBI and the relevant Exchanges where the trade is executed.
32. The stock broker shall issue a contract note to his constituents for trades executed in such format as may be
prescribed by the Exchange from time to time containing records of all transactions including details of order
number, trade number trade time, trade price, trade quantity, details of the derivatives contract, client code,
brokerage, all charges levied etc. and with all other relevant details as required therein to be filled in and issued in such
manner and within such time as prescribed by the Exchange. The stock broker shall send contract notes to the
investors within one working day of the execution of the trades in hard copy and / or in electronic form using digital
signature.
33. The stock broker shall make pay out of funds or delivery of securities, as the case may be, to the client within one
working day of receipt of the payout from the relevant Exchange where the trade is executed unless otherwise
specified by the client and subject to such terms and conditions as may be prescribed by the relevant Exchange from
time to time where the trade is executed.
34. The stock broker shall send a complete ‘Statement of Accounts’ for both funds and securities in respect of each of its
clients in such periodicity and format within such time, as may be prescribed by the relevant Exchange, from time to
time, where the trade is executed. The Statement shall also state that the client shall report errors, if any, in the
Statement within such time as may be prescribed by the relevant Exchange from time to time where the trade was
executed, from the receipt thereof to the Stock broker.
35. The stock broker shall send daily margin statements to the clients. Daily Margin statement should include, inter-alia,
details of collateral deposited, collateral utilized and collateral status (available balance/due from client) with break
up in terms of cash, Fixed Deposit Receipts (FDRs), Bank Guarantee and securities.
36. The client shall ensure that it has the required legal capacity to, and is authorized to, enter into the relationship with
stock broker and is capable of performing his obligations and undertakings hereunder. All actions required to be
taken to ensure compliance of all the transactions, which the client may enter into shall be completed by the client
prior to such transaction being entered into.
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ELECTRONIC CONTRACT NOTES (ECN)
37. In case, client opts to receive the contract note in electronic form, he shall provide an appropriate e-mail id to the
stock broker. The client shall communicate to the stock broker any change in the email-id through a physical letter.
If the client has opted for internet trading, the request for change of email id may be made through the
secured access by way of client specific user id and password.
38. The stock broker shall ensure that all ECNs sent through the e-mail shall be digitally signed, encrypted, non-tamper
able and in compliance with the provisions of the IT Act, 2000. In case, ECN is sent through e-mail as an
attachment, the attached file shall also be secured with the digital signature, encrypted and non-tamperable.
39. The client shall note that non-receipt of bounce mail notification by the stock broker shall amount to delivery of
the contract note at the e-mail ID of the client.
40. The stock broker shall retain ECN and acknowledgement of the e-mail in a soft and non-tamperable form in the
manner prescribed by the exchange in compliance with the provisions of the IT Act, 2000 and as per the extant
rules / regulations / circulars / guidelines issued by SEBI / Stock Exchanges from time to time. The proof of delivery
i.e. log report generated by the system at the time of sending the contract notes shall be maintained by the stock
broker for the specified period under the extant regulations SEBI/stock exchanges. The log report shall provide
the details of the contract notes that are not delivered to the client/e-mails rejected or bounced back. The stock
broker shall take all possible steps to ensure receipt of notification of bounced mails by him at all times within the
stipulated time period under the extant regulations of SEBI / stock exchanges.
41. The stock broker shall continue to send contract notes in the physical mode to such clients who do not opt to
receive the contract notes in the electronic form. Wherever the ECNs have not been delivered to the client or has
been rejected (bouncing of mails) by the e-mail ID of the-client, the stock broker shall send a physical contract
note to the client within the stipulated time under the extant regulations of SEBI / stock exchanges and maintain
the proof of delivery of such physical contract notes.
42. In addition to the e-mail communication of the ECNs to the client, the stock broker shall simultaneously publish the
ECN on his designated web-site, if any, in a secured way and enable relevant access to the clients and for this
purpose, shall allot a unique user name and password to the client, with an option to the client to save the contract
note electronically and/or take a print out of the same.
LAW AND JURISDICTION
43. In addition to the specific rights set out in this document, the stock broker, sub-broker and the client shall be entitled
to exercise any other rights which the stock broker or the client may have under the Rules, Bye-laws and Regulations
of the Exchanges in which the client chooses to trade and circulars / notices issued thereunder or Rules and
Regulations of SEBI.
44. The provisions of this document shall always be subject to Government notifications, any rules, regulations,
guidelines and circulars / notices issued by SEBI and Rules, Regulations and Bye laws of the relevant stock exchanges,
where the trade is executed, that may be in force from time to time.
45. The stock broker and the client shall abide by any award passed by the Arbitrator(s) under the Arbitration and
Conciliation Act, 1996. However, there is also a provision of appeal within the stock exchanges, if either party is
not satisfied with the arbitration award.
46. Words and expressions which are used in this document but which are not defined herein shall, unless the
context otherwise requires, have the same meaning as assigned thereto in the Rules, Byelaws and Regulations and
circulars / notices issued thereunder of the Exchanges / SEBI.
47. All additional voluntary clauses / document added by the stock broker should not be in contravention with rules /
regulations / notices / circulars of Exchanges / SEBI. Any changes in such voluntary clauses / document(s) need to be
preceded by a notice of 15 days. Any changes in the rights and obligations which are specified by Exchanges / SEBI
shall also be brought to the notice of the client.
48. If the rights and obligations of the parties hereto are altered by virtue of change in Rules and regulations of SEBI or
Bye-laws, Rules and Regulations of the relevant stock Exchanges where the trade is executed, such changes shall be
deemed to have been incorporated herein in modification of the rights and obligations of the parties mentioned in
this document.
13AS8F
Signature of Client/ (all) Authorized Signatory (ies)
RISK DISCLOSURE DOCUMENT FOR CAPITAL MARKET AND DERIVATIVES SEGMENT
This document contains important information on trading in Equities/Derivatives Segments of the stock exchanges. All
prospective constituents should read this document before trading in Equities/Derivatives Segments of the Exchanges.
Stock exchanges/SEBI does neither singly or jointly and expressly nor impliedly guarantee nor make any
representation concerning the completeness, the adequacy or accuracy of this disclosure document nor have Stock
exchanges /SEBI endorsed or passed any merits of participating in the trading segments. This brief statement does not
disclose all the risks and other significant aspects of trading.
In the light of the risks involved you should undertake transactions only if you understand the nature of the relationship
into which you are entering and the extent of your exposure to risk.
You must know and appreciate that trading in Equity shares, derivatives contracts or other instruments traded on the Stock
Exchange, which have varying element of risk, is generally not an appropriate avenue for someone of limited
resources/limited investment and/or trading experience and low risk tolerance. You should therefore carefully consider
whether such trading is suitable for you in the light of your financial condition. In case you trade on Stock exchanges
and suffer adverse consequences or loss, you shall be solely responsible for the same and Stock exchanges/its Clearing
Corporation and/or SEBI shall not be responsible, in any manner whatsoever, for the same and it will not be open for you to
take a plea that no adequate disclosure regarding the risks involved was made or that you were not explained the full risk
involved by the concerned stock broker. The constituent shall be solely responsible for the consequences and no contract
can be rescinded on that account. You must acknowledge and accept that there can be no guarantee of profits or no
exception from losses while executing orders for purchase and/or sale of a derivative contract being traded on Stock
exchanges.
It must be clearly understood by you that your dealings on Stock exchanges through a stock broker shall be subject to your
fulfilling certain formalities set out by the stock broker, which may inter alia include your filling the know your client form,
reading the rights and obligations do’s and don’ts, etc., and are subject to the Rules, Byelaws and Regulations of relevant
Stock exchanges, its Clearing Corporation, guidelines prescribed by SEBI and in force from time to time and Circulars as may
be issued by Stock exchanges or its Clearing Corporation and in force from time to time.
Stock exchanges does not provide or purport to provide any advice and shall not be liable to any person who enters into any
business relationship with any stock broker of Stock exchanges and/or any third party based on any information contained
in this document. Any information contained in this document must not be construed as business advice. No
consideration to trade should be made without thoroughly understanding and reviewing the risks involved in such
trading. If you are unsure, you must seek professional advice on the same.
In considering whether to trade or authorize someone to trade for you, you should be aware of or must get acquainted
with the following:-
1. BASIC RISKS:
1.1 Risk of Higher Volatility: Volatility refers to the dynamic changes in price that a security/derivatives contract undergoes when trading activity continues /on the Stock Exchanges. Generally, higher the volatility of a security/derivatives contract, greater is its price swings. There may be normally greater volatility in thinly traded securities / derivatives contracts than in active securities /derivatives contracts. As a result of volatility your order may only be partially executed or not executed at all, or the price at which your order got executed may be substantially different from the last traded price or change substantially thereafter, resulting in notional or real losses.
1.2 Risk of Lower Liquidity: Liquidity refers to the ability of market participants to buy and/or sell securities / derivatives contracts expeditiously at a competitive price and with minimal price difference. Generally, it is assumed that more the numbers of orders available in a market, greater is the liquidity. Liquidity is important because with greater liquidity, it is easier for investors to buy and/or sell securities / derivatives contracts swiftly and with minimal price difference, and as a result, investors are more likely to pay or receive a competitive price for securities / derivatives contracts purchased or sold. There may be a risk of lower liquidity in some securities / derivatives contracts as compared to active securities / derivatives contracts. As a result, your order may only be partially executed, or may be executed with relatively greater price difference or may not be executed at all.
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1.2.1 Buying or selling securities / derivatives contracts as part of a day trading strategy may also result into losses,
because in such a situation, securities / derivatives contracts may have to be sold / purchased at low / high prices,
compared to the expected price levels, so as not to have any open position or obligation to deliver or receive a security /
derivatives contract.
1.3 Risk of Wider Spreads: Spread refers to the difference in best buy price and best sell price. It represents the differential between the price of buying a security / derivatives contract and immediately selling it or vice versa. Lower liquidity and higher volatility may result in wider than normal spreads for less liquid or illiquid securities / derivatives contracts. This in turn will hamper better price formation.
1.4 Risk-reducing orders: The placing of orders (e.g., “stop loss" orders or “limit” orders) which are intended to limit losses to certain amounts may not be effective many a time because rapid movement in market conditions may make it impossible to execute such orders.
1.4.1 A “market” order will be executed promptly, subject to availability of orders on opposite side, without regard to price
and that, while the customer may receive a prompt execution of a “market” order, the execution may be at available prices
of outstanding orders, which satisfy the order quantity, on price time priority. It may be understood that these prices may be
significantly different from the last traded price or the best price in that security / derivatives contract.
1.4.2 A “limit” order will be executed only at the “limit” price specified for the order or a better price. However, while the
customer receives price protection, there is a possibility that the order may not be executed at all.
1.4.3 A stop loss order is generally placed “away” from the current price of a stock / derivatives contract, and such order
gets activated if and when the security / derivatives contract reaches, or trades through, the stop price. Sell stop orders are
entered ordinarily below the current price, and buy stop orders are entered ordinarily above the current price. When the
security / derivatives contract reaches the pre-determined price, or trades through such price, the stop loss order 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 security / derivatives contract might penetrate the pre- determined price, in which case, the risk of such
order not getting executed arises just as with a regular limit order.
1.5 Risk of News Announcements: News announcements that may impact the price of stock / derivatives contract may occur during trading, and when combined ‘’with lower liquidity and higher volatility, may suddenly cause an unexpected positive or negative movement in the price of the security / contract.
1.6 Risk of Rumors: Rumors about companies / currencies at times float in the market through word of mouth, newspapers, websites or news agencies, etc. The investors should be wary of and should desist from acting on rumors.
1.7 System Risk: High volume trading will frequently occur at the market opening and before market close. Such high volumes may also occur at any point in the day. These may cause delays in order execution or confirmation.
1.7.1 During periods of volatility on account of market participants continuously modifying their order quantity or
prices or placing fresh orders, there may be delays in order execution and its confirmations.
1.7.2 Under certain market conditions, it may be difficult or impossible to liquidate a position in the market at a reasonable
price or-at all, when there are no outstanding orders either on the buy side or the sell side, or if trading is halted in a
security / derivatives contract due to any action on account of unusual trading activity or security / derivatives contract
hitting circuit filters or for any other reason
1.8 System/Network Congestion: Trading on exchanges is in electronic mode, based on satellite / leased line based communications, combination of technologies and computer systems to place and route orders. Thus, there exists a possibility of communication failure or system problems or slow or delayed response from system or trading halt, or any such other problem/glitch whereby not being able to establish access to the trading system/network, which may be beyond control and may result in delay in processing or not processing buy or sell orders either in part or in full. You are cautioned to note that although these problems may be temporary in nature, but when you have outstanding open positions or unexecuted orders, these represent a risk because of your obligations to settle all executed transactions.
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2. As far as Derivatives segments are concerned, please note and get yourself acquainted with the following additional
features:-
2.1 Effect of “Leverage” or “Gearing”: In the derivatives market, the amount of margin is small relative to the value of the derivatives contract so the transactions are ‘leveraged’ or ‘geared’. Derivatives trading, which is conducted with a relatively small amount of margin, provides the possibility of great profit or loss in comparison with the margin amount. But transactions in derivatives carry a high degree of risk. You should therefore completely understand the following statements before actually trading in derivatives and also
trade with caution while taking into account one’s circumstances, financial resources, etc. If the prices move against
you, you may lose a part of or whole margin amount in a relatively short period of time. Moreover, the loss may exceed
the original margin amount.
A. Futures trading involve daily settlement of all positions. Every day the open positions are marked to market
based on the ‘closing level of the index / derivatives contract. If the contract has moved against you, you will be
required to deposit the amount of loss (notional) resulting from such movement. This amount will have to be paid within
a stipulated time frame, generally before commencement of trading on next day.
B. If you fail to deposit the additional amount by the deadline or if an outstanding debt occurs in your account, the
stock broker may liquidate a part of or the whole position or substitute securities. In this case, you will be liable for any
losses incurred due to such close-outs
C. Under certain market conditions, an investor may find it difficult or impossible to execute transactions. For example,
this situation can occur due to factors such as illiquidity i.e. when there are insufficient bids or offers or suspension of
trading due to price limit or circuit breakers etc
D. In order to maintain market stability, the following steps may be adopted: changes in the margin rate, increases in
the cash margin rate or others. These new measures may also be applied to the existing open interests. In such
conditions, you will be required to put up additional margins or reduce your positions.
E. You must ask your broker to provide the full details of derivatives contracts you plan to trade i.e. the contract
specifications and the associated obligations
2.2 Currency specific risks:
1. The profit or loss in transactions in foreign currency- denominated contracts, whether they are traded in your own
or another jurisdiction, will be affected by fluctuations in currency rates where there is a need to convert from the
currency
2. Under certain market conditions you may find it difficult or impossible to liquidate a position. This can occur, for
example when a currency is deregulated or fix trading band are widened.
3. Currency prices are highly volatile Price movements for currencies are influenced by, among other things:
changing supply-demand relationships; trade, fiscal, monetary, exchange control programs and policies of
governments; foreign political and economic events and policies; changes in national and international interest rates
and inflation; currency/devaluation; and sentiment of the market place. None of these factors can be controlled by
any individual advisor and no assurance can be given that an advisor’s advice will result in profitable trades for a
participating customer or that a customer will not incur losses from such events.
2.3 Risk of Option holders:
1. An option holder runs the risk of losing the entire amount paid for the option in a relatively short period of time.
This risk reflects the nature of an option as a wasting asset which becomes worthless when it expires. An option
holder who neither/sells his option in the secondary market nor exercises it prior to its expiration will necessarily
lose his entire investment in the option. If the price of the underlying does not change in the anticipated direction
before the option expires, to an extent sufficient to cover the cost of the option, the investor may lose all or a
significant part of his investment in the option.
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2. The Exchanges may impose exercise restrictions and have absolute authority to restrict the exercise of options at
certain times in specified circumstances
2.4 Risks of Option Writers:
1. If the price movement of the underlying is not in the anticipated direction, the option writer runs the risks of losing
substantial amount.
2. The risk of being an option writer may be reduced by the purchase of other options on the same underlying interest
and thereby assuming a spread position or by acquiring other types of hedging positions in the options markets or
other markets. However, even where the writer has assumed a spread or other hedging position, the risks may still
be significant. A spread position is not necessarily less risky than a simple ‘long’ or ‘short’ position
3. Transactions that involve buying and writing multiple options in combination, or buying or writing options in
combination with buying or selling short the underlying interests, present additional risks to investors. Combination
transactions, such as option spreads, are more complex than ouying or writing a single option. And it should be
further noted that, as in any area of investing, a complexity not well understood is, in itself, a risk factor. While this
is not to suggest that combination strategies should not be considered, it is advisable, as is the case with all
investments in options, to consult with someone who is experienced and knowledgeable with respect to the risks
and potential rewards of combination transactions under various market circumstances.
3 TRADING THROUGH WIRLESS TECHNOLOGY / SMART ORDER ROUTING OR ANY OTHER TECHNOLGY:
Any additional provisions defining the features, risks, responsibilities, obligations and liabilities associated with
securities trading through wireless technology/smart order routing or any other technology should be brought to the
notice of the client by the stock broker.
4 GENERAL
4.1 The term ‘constituent’ shall mean and include a client, a customer or an investor, who deals with a stock broker
for the purpose of acquiring and/or selling of securities/derivatives contracts through the mechanism provided
by the Exchanges.
4.2 The term stock broker shall mean and include a stock broker, a broker or a stock broker, who has been admitted
as such by the Exchanges and who holds a registration certificate from SEBI.
5 ATTENTION INVESTORS
1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f.
September 1, 2020.
2. Update your mobile number & email ID with your stock broker/depository participant and receive OTP directly
from depository on your email id and/or mobile number to create pledge.
3. Pay 20% upfront margin of the transaction value to trade in cash market segment.
4. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference
NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued
from time to time in this regard.
5. Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month
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AS9FSignature of Client/ (all) Authorized Signatory (ies)
GUIDANCE NOTE - DO’s AND DON’Ts FOR TRADING ON THE EXCHANGE(S) FOR INVESTORS
BEFORE YOU BEGIN TO TRADE
1. Ensure that you deal with and through only SEBI registered intermediaries. You may check their SEBI registrationcertificate number from the list available on the Stock exchanges www.bseindia.com / www.nseindia.com and SEBIwebsite www.sebi.gov.in.
2. Ensure that you fill the KYC form completely and strike off the blank fields in the KYC form.
3. Ensure that you have read all the mandatory documents viz. Rights and Obligations, Risk Disclosure Document,Policy and Procedure document of the stock broker.
4. Ensure to read, understand and then sign the voluntary clauses, if any, agreed between you and the stockbroker. Note that the clauses as agreed between you and the stock broker cannot be changed without your consent.
5. Get a clear idea about all brokerage, commissions, fees and other charges levied by the broker on you for trading andthe relevant provisions/ guidelines specified by SEBI/Stock exchanges.
6. Obtain a copy of all the documents executed by you from the stock broker free of charge.
7. In case you wish to execute Power of Attorney (POA) in favour of the Stock broker, authorizing it to operate your bankand demat account, please refer to the guidelines issued by SEBI/Exchanges in this regard.
TRANSACTIONS AND SETTLEMENTS
8. The stock broker may issue electronic contract notes (ECN) if specifically authorized by you in writing. You shouldprovide your email id to the stock broker for the same. Don’t opt for ECN if you are not familiar with computers.
9. Don’t share your internet trading account’s password with anyone.
10. Don’t make any payment in cash to the stock broker.
11. Make the payments by account payee cheque in favour of the stock broker. Don’t issue cheques in the name of sub-broker.Ensure that you have a documentary proof of your payment/deposit of securities with the stock broker, stating date,scrip, quantity, towards which bank/ demat account such money or securities deposited and from which bank/ demataccount.
12. Note that facility of Trade Verification is available on stock exchanges’ websites, where details of trade as mentioned inthe contract note may be verified. Where trade details on the website do not tally with the details mentioned in thecontract note, immediately get in touch with the Investors Grievance Cell of the relevant Stock exchange.
13. In case you have given specific authorization for maintaining running account, payout of funds or delivery of securities(as the case may be), may not be made to you within one working day from the receipt of payout from the Exchange.
Thus, the stock broker shall maintain running account for you subject to the following conditions:
a) Such authorization from you shall be dated, signed by you only and contains the clause that you may revoke the
same at any time.
b) The actual settlement of funds and securities shall be done by the stock broker, at least once in a calendar quarter
or month, depending on your preference. While settling the account, the stock broker shall send to you a
‘statement of accounts’ containing an extract from the client ledger for funds and an extract from the register of
securities displaying all the receipts/deliveries of funds and securities. The statement shall also explain the
retention of funds and securities and the details of the pledged shares, if any.
c) On the date of settlement the stock broker may retain the requisite securities/funds towards outstanding
obligations and may also retain the funds expected to be required to meet derivatives margin obligations for next 5
trading days, calculated in the manner specified by the exchanges. In respect of cash market transactions, the stock
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broker may retain entire pay-in obligation of funds and securities due from clients as on date of settlement and for
next day’s business, he may retain funds/securities/margin to the extent of value of transactions executed on the
day of such settlement in the cash market
d) You need to bring any dispute arising from the statement of account or settlement so made to the notice of the
stock broker in writing preferably within 7 (seven) working days from the date of receipt of funds/securities or
statement, as the case may be. In case of dispute refer the matter in writing to the investor Grievance Cell of the
relevant Stock exchanges without delay.
14. In case you have not opted for maintaining running account and pay-out of funds/securities is not received on the
next working day of the receipt of payout from the exchanges, please refer the matter to the stock broker. In case
there is dispute, ensure that you lodge a complaint in writing immediately with the Investors Grievance Cell of the
relevant Stock exchange.
15. Please register your mobile number and email id with the stock broker, to receive trade confirmation alerts / details
of the transactions through SMS or email, by the end of the trading day, from the stock exchanges.
IN CASE OF TERMINATION OF TRADING MEMBERSHIP
16. In case, a stock broker surrenders his membership, is expelled from membership or declared a defaulter; Stock
exchanges gives a public notice inviting claims relating to only the “transactions executed on the trading system” of
Stock exchange, from the investors Ensure that you lodge a claim with the relevant Stock exchanges within the
stipulated period and with the supporting documents
17. Familiarize yourself with the protection accorded to the money and/or securities you may deposit with your stock
broker, particularly in the event of a default or the stock broker’s insolvency or bankruptcy and the extent to which
you may recover such money and/or securities may be governed by the Bye-laws and Regulations of the relevant
Stock exchange where the trade was executed and the scheme of the Investors’ Protection Fund in force from time
to time.
DISPUTES / COMPLAINTS
18. Please note that the details of the arbitration proceedings, penal action against the brokers and investor
complaints against the stock brokers are displayed on the website of the relevant Stock exchange.
19. In case your issue / problem / grievance is not being sorted out by concern stock broker/sub-broker then you may
take up the matter with the concerned Stock exchange. If you are not satisfied with the resolution of your complaint
then you can escalate the matter to SEBI
20. Note that all the stock broker / sub-brokers have been mandated by SEBI to designate an e-mail ID of the grievance
redressal division / compliance officer exclusively for the purpose of registering complaints.
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AS10FSignature of Client/ (all) Authorized Signatory (ies)
MANDATORY DOCUMENT DEALING WITH POLICIES AND PROCEDURES PURSUANT TO SEBI’S CIRCULAR MIRSD/ SE/ Cir-19/ 2009 dated December 3, 2009:
1 . Refusal of order for Penny stocks/illiquid Securities:
• CGS-CIMB Securities (India) Private Limited (“CGS-CIMB”) shall have the absolute discretion to accept, refuse orpartially accept any buy or sell order for execution from a Client in respect of penny stocks, illiquid stocks, stocks having low liquidity, illiquid “options”, far month “options”, writing of “options”, stocks in T,Z and TS category and any other contracts which as per the perception of CGS-CIMB are extremely volatile or where the order by the Client is quiet large compared to the volume in the market and where CGS-CIMB feels that it is subject to Market manipulation.
• CGS-CIMB may permit restrictive acceptance of orders in such scrip’s/contracts in controlled environments like ordersreceived from clients being forwarded by branches to a centralized desk instead of allowing trading in suchscrip’s/Contracts at branch level or through Online trading platform. CGS-CIMB shall not be responsible for delay inexecution of such orders and consequential opportunity loss or financial loss to the client.
• CGS-CIMB may cancel orders in such scrip’s received from clients before execution or after partial execution withoutassigning any reasons thereof. CGS-CIMB may take appropriate declarations from the clients before accepting such orders.
• CGS-CIMB shall have the prerogative to place such restrictions, notwithstanding the fact that the Client has adequatecredit balance or margin available in his account and/or the Client had previously purchased or sold such securities / contracts through CGS-CIMB itself.
2. Setting up Client’s Exposure limits:
Exposures and margins shall be regularly monitored by the company for all clients. Each client also needs to constantly monitor his/her positions, margins etc. and it shall be the Client's responsibility to maintain adequate margins against exposures taken / proposed to be taken. Exposure limits shall be made available to clients based on collateral available.
Collateral includes
• Account balances adjusted for F&O margins, as maybe applicable
• Adjustments for open unsettled positions, if any
• "Approved Securities" held with CGS-CIMB as collateral that the Client has authorized the company to hold /keep as margins with itself or the exchange (Received or due from exchange) valued after a haircut and / or margin as determined by the company from time to time
Account balances shall include
• All daily billing effects for all segments
• All charges and fees that are incidental to carrying out the securities business like Delayed Payment charges, auctions,penalties, any other fees etc.
• All money receipts realized by the company before the trading session / day
• Derivative margins collected / realized based on the billing policy adopted by the company from time to time
"Approved Securities" is the list of securities that CGS- CIMB accepts as collateral. Typically the list is revised on a monthly basis, but maybe modified anytime at the sole discretion of CGS-CIMB based on market volatility, any material impact on price or volatility of any security. This list shall be made available on demand. The haircut on securities for valuation shall be defined by CGS-CIMB and typically varies from 15% - 100%.
Exposure limits shall be allocated to clients at the company's absolute discretion and may vary from client to client based on risk profiles, trading patterns, qualitative assessments, track record, underlying Securities, Exchange segments etc. The company may at its discretion allow exposures based on various other factors like market / stock volatility and any other client related factors as above.
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Exposure limits are dynamic throughout the day and are constantly adjusted for M to M profits / losses, market conditions, individual security exposure caps and all other factors affecting risk to security prices, collateral and liquidity;
CGS-CIMB may change the procedure for exposure allocation depending upon the market conditions and change in internal policies. The same may be put up / updated on the website regularly. A copy of the same can be obtained from the offices of CGS-CIMB.
3. Applicable Brokerage rates:
Brokerage shall be applied as per the rates agreed upon with the Client. The rate of Brokerage shall not exceed the maximum brokerage permissible under Exchange bye-laws.
The slab rates of brokerage fixed by CGS-CIMB are functional of the quality and cost of services provided to the Client and the volume and revenue expected from an account. It shall be reviewed by the CGS-CIMB from time to time and may be increased with prospective effect at a notice of 15 days sent to the E-mail address or postal address of the Client registered with CGS-CIMB.
4. Imposition of Penalty / Delayed payment charges by either party:
The client is required to pay all amounts due to the Trading Member on its due date. The amount due to broker shall include all type of Margin and Pay-in obligation or on account of any other reason. Client shall be liable to penalty and other charges on non-payment of margin money, short selling of securities or units, loss due to auction, cheque bounce, non-delivery of shares, increase open position or on any orders / trades / deals / actions of the client which are contrary to the agreed terms & conditions/ rules / regulations / bye laws of the Exchange or any other law for the time being in force as per Rules, Regulations, Guidelines and Circulars issued by SEBI and Stock Exchange from time to time and client will be kept informed about the rate of such penalties & fines.
In case the client does not pay the amount due on time and where the client takes exposure in F&O segment by depositing collaterals in a ratio which is disproportionate to the cash versus collateral ratios prescribed by the Exchanges, CGS-CIMB shall charge delayed payment fee up to the rate of 2% per month. on the daily outstanding value or at such rates as may be determined from time to time by CGS-CIMB, as per the applicable rules and regulations. While levying delayed payment charges or interest on the debit balance in the running account of the client, CGS-CIMB will not consider any credit balance in the other family or group account of the client. The objective of charging such a charge is to make a client to clear their dues on a timely basis. It should not be construed as allowing to keep the running debit in the account and take the further exposure.
Further Exchanges levy various penalties on the member brokers on auction resulting from short deliveries, non-adherence to client wise exposure limit, client wise short fall in F&O margins and for any other reason which may be defined by the Exchange from time to time. CGS- CIMB is therefore autho- rized by the client to pass on any penalty imposed by the Exchange/SEBI and or any other regulatory authority to the client which arises on account of such actions from the client.
All fines/penalties and charges levied upon the Client due to its acts / deeds or transactions will be recovered by CGS-CIMB directly from the client's account.
5. Right to sell Client's securities or close Client's positions, without giving notice to the Client, on account of non-payment of Client’s dues
The Client shall ensure that adequate margins are maintained with the company against exposures taken / proposed to be taken. In case there is a shortfall in margins/ collateral, CGS-CIMB shall make an earnest attempt to contact the customer over phone or any other means before initiating any close out of positions, however it is the Client's responsibility to ensure adequacy of margins failing which CGS-CIMB shall, at its discretion, execute the close out of positions as it deems fit.
Closing out of positions may include positions initiated during the trading session/ day, positions carried forward from previous days/ sessions and liquidation of collateral / securities held by the Client with Company (that may / may not be kept with the exchange) and liquidation against any pending payout obligations expected from the exchange on account of previous transactions. CGS-CIMB, shall at its discretion, execute such close outs in any order of priority it deems fit to bring back margin adequacy for residual exposures.
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CGS-CIMB shall not hold any cash delivery position if full payments are not received by due date. In such events the company may sell off such deliveries to the extent of funds shortfall in the account without reference to the Client even if margins are maintained as per regular exposure limits offered to the Client.
CGS-CIMB shall insist upto 100% of margin in cash and may not consider the value of securities for the purpose of calculating margin shortfall and many close the position in case of short fall.
CGS-CIMB shall have the right to sell Client's securities or close out Client's open positions but it shall not be under any obligation to undertake this exercise under any circumstances CGS-CIMB shall not be under any obligation to compensate/ or provide reasons of any delay or omission on its part to sell Client's securities or close open positions of the Client. This option will be exercised solely at the discretion of CGS-CIMB.
CGS-CIMB shall also be entitled to sell all or some of the Client’s securities or close out the Client’s open position for recovery of amounts due and payable by the Client to CGS-CIMB towards the brokerage fees of CGS-CIMB.
6. Shortages in obligations arising out of internal netting of trades
CGS-CIMB shall have the right to adopt a policy of its choice for internal auctions arising out of internal netting of trades and charge to defaulter seller and compensate the impacted purchaser as per the policy. The current procedure for internal auction is displayed on the website, which may be amended from time to time with prospective effect. This document can be obtained from the office of CGS-CIMB on demand by the Client.
7. Conditions under which a Client may not be allowed to take further position
In case the Client does not have adequate margins or scrip-wise exposure of CGS-CIMB is breached CGS-CIMB shall not, at its own discretion, allow the Client to take further position. Notwithstanding anything specified above, CGS-CIMB shall reserve the right to deny incremental exposure partly or fully across any security owing to various situations including market dynamics, technology disruptions or any other circumstance beyond the direct control of CGS-CIMB.
8. Temporarily suspending or closing a Client’s account at the Client’s request
• Suspension
CGS-CIMB may also suspend the account based on a request received from the Client provided the Client has given a notice of at least 7 trading days and there is no open position in all the segments/exchanges and there is no obligation/debit balance in the account . The account would be settled with the Client before suspending the same.
• Closure
CGS-CIMB may close the account based on a request received from the Client provided the Client has given a notice of at least 7 trading days, and there is no open position in any segments/exchanges and there is no obligation/debit balance in the account. The account would be settled with the Client before closing the same.
9. Deregistering a Client's Account:
CGS-CIMB reserves the right to deregister the client in the event of
1. Where the client is inactive for more than 12 consecutive months
2. Where the client has not cleared the naked or uncovered debits which are more than 7 days old
3. Where the account is under investigation by any regulatory body
4. Internal surveillance reports on client dealings and transactions
5. Contract Notes (Physical and /or Electronic) if received back undelivered on a periodic basis
6. Client lodges a complaint either directly or through Exchanges regarding unauthorized trades being executed in theaccount
7. On notices being received from Statutory, Government or local authorities and income tax/ser- vice tax, judicial or quasi-judicial authorities
8. Where a client is reported to or known to have expired
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CGS-CIMB may carry a periodic review of the client accounts and may suspend the accounts from Trading in any of the following circumstances, but not limited to the same -
1. any breach of the agreed terms & conditions
2. violation of any Rules, Bye-Laws, Regulations of SEBI or the Stock Exchange or of the provisions of any law for thetime being in force governing dealings in the securities market without prior notice
3. on the directions of SEBI / the Exchanges.
4. Upon death, winding up, bankruptcy, liquidation or client is designated as a defaulter by any credit rating agencyor any action or proceedings have been initiated by the relevant Regulator/ Authority including without limitation SEBI
5. The client fails to fulfill his payment obligation due to the Stock Broker.
6. The client has misrepresented facts at the time of opening trading account or at the time of giving instruction orotherwise.
10. Policy regarding treatment of Inactive Clients:
In case of trading account the term dormant/Inactive account refers to such account wherein no transactions & trades have been carried out since last 1 year (12 months) across all Exchanges. The client who has been not traded for last 1 year (12 months) shall be flagged as ‘Inactive’ by the CGS-CIMB’s in UCC database of all the respective Exchanges. CGS-CIMB reserves the right to freeze/deactivate such accounts and shall not permit to carry out any fresh transactions in such account.
The clients account would be reactivated only after undertaking proper and sufficient due diligence (including IPV) and obtaining the updated information related to KYC from the concerned Client. Client has to request in writing or email to CGS-CIMB and on receipt of such request for reactivation, account will be reactivated subject to compliance with prevailing KYC norms.
11. INTEREST FREE DEPOSITS:
CGS-CIMB provides exposure against the upfront margin received in form of cash / collateral from the client and the client also has the prerogative to demand withdrawal of cash or collaterals at his discretion subject to surplus margin in place. CGS-CIMB shall not pay any interest or other benefit to the client for maintaining cash balances or depositing collateral margins with CGS-CIMB except for the corporate benefit received on such collateral securities, if any.
Client Acceptance of policies and procedures stated hereinabove:
I/We have fully understood the same and do hereby sign the same and agree not to call into question the validity, enforceability and applicability of any provision/clauses this document any circumstances what-so ever. These policies and procedures may be amended or changed unilaterally by the broker, the changes informed to me/us with through anyone or more means or method. These policies and procedures shall read along with the other terms & conditions and shall be compulsorily referred to while deciding any dispute or difference claim between me/us and stockbroker before any court of law / judicial / adjudicating authority including arbitrator / mediator, etc.
AS11Signature of the Client
Name ______________________________
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PREVENTION OF MONEY LAUNDERING POLICY (PMLA)
Money Laundering in India
With the growing financial sector, India is vulnerable to money laundering activities. Some common sources of illegal proceeds in India are narcotics trafficking, illegal trade in gems, smuggling, corruption and income tax evasion. Large portions of illegal proceeds are laundered through the alternative remittance system called “hawala”. Under this system, individuals transfer funds from one country to another or from one state to another, often without the actual movement of currency.
Prevention of Money Laundering Act, 2002(PMLA)
To combat money-laundering activities, the Government of India enacted the Prevention of Money Laundering Act, 2002 (hereinafter referred to as the “Act”) on January 17, 2003.
Securities and Exchange Board of India (hereinafter referred to as SEBI) vide its Circular Ref No.: ISD/CIR/RR/AML/1/06 dated January 18, 2006 laid down broad guidelines on Anti Money Laundering Standards. As per the Circular, all the intermediaries registered with SEBI under Section 12 of the SEBI Act were advised to ensure that a proper policy framework on anti-money laundering measures was put in place. This was essentially in conformity with the Prevention of Money Laundering Act, 2002 and the Rules framed there under by SEBI.
The basic objective of PMLA is three fold, viz.:
• To prevent, combat and control money laundering.
• To confiscate and seize the property obtained from the laundered money.
• To deal with any other issue connected with money laundering in India.
Policy on PMLA at CGS-CIMB:
CGS-CIMB has framed a stringent policy with respect to the PMLA wherein adequate checks are made at the time of acquisition of clients as well as monitoring of day to day transactions of clients.
As a part of our endeavor to comply with the provisions of PMLA we classify the clients into three categories i.e. high, medium and low based on the certain parameters. We have appended a Client suitability sheet which enables us to classify the clients which in turn would be beneficial for better monitoring of the transactions in your account.
Further, the copy of the policy is available with the company. The same can be obtained by a client at any time from the person dealing with him.
Signature of the Client
Name __________________________________
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AS12
Notes:
1 CGS-CIMB Securities (India) Private Limited (Company) reserves the right to revise the fees / charges with the prior notice to customers. On receipt of the consent of the customer, such charges shall be effective.
2 Minimum brokerage amount per share shall be levied as below: (For anything below this, please take written approval)
Delivery : 0.05 Futures : 0.01
3. All other statutory, regulatory and contractual charges including STT, Stamp duty, Service Tax, SEBI fees, ExchangeTurnover charges as applicable.
` `
Signature of the Client Approver NameRM Signature
RM Code :__________________
Other Charges
Sr. No. Particulars Charges
Exchange Pay in for customers from collateral account or Inter settlement security transfers
Cheque bounce charges
Duplicate statements (printed statements to be couriered)
Contract Note Charges (Additional physical copy)
Delivery Handling charges (Additional Physical Copy)
`
`
`
`
10/- per transaction*
500/- per presentment*
100/- per request*
50/- per contract*
As applicable from time to time
1
2
3
4
5
SCHEDULE OF FEES / COMMISSION / CHARGES
Brokerage Charged by CGS-CIMB Securities (India) Private Limited
Cash Segment
Slab % MinimumBrokerage Name
Delivery Based
Daily Square Up
First Leg Second Leg Second LegFirst Leg
Not Applicable Not Applicable
Derivative Segment Futures
Futures % Minimum
First Leg Second Leg First Leg Second Leg
Same as above Same as above
Not ApplicableNot Applicable
Brokerage Slab
Daily Square Up
Settlement Up
Expiry
BTST
Derivative Segment Options
Options per lot Minimum
First Leg Second Leg First Leg Second Leg
Same as above Same as above
Brokerage Slab
Daily Square Up
Settlement Square Up
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AS13
I, (hereinafter referred to as "Client") have got myself registered with the MEMBER for trading in Securities/Derivatives segment of the exchange(s). In pursuance thereof, I, voluntarily and unconditionally hereby state and declare that I/We have read and understood the terms and conditions mentioned hereinafter governing securities trading and broking services of MEMBER i.e. CGS-CIMB Securities (India) Private Limited and agree to be bound by the same. I/We hereby agree and confirm that these terms and conditions shall be applicable in case of shall include the other terms and conditions as received by me.
1. DEFINITION
(a)“Terms & Conditions” or “the Terms & Conditions” or “these Terms & Conditions” shall mean these VoluntaryTerms and Conditions together with the recitals and the Annexures attached hereto, and the individual contracts,certificates, disclosures and other documents executed and delivered or to be executed and delivered pursuanthereto, if any.
(b)"Securities" shall have the same meaning as assigned thereto under Section 2(h), of the Securities Contracts (Regulation) Act, 1956 and shall include but is not limited to any securities, derivatives and other instruments which are tradable on any of the stock exchanges as well as such units of Unit Trust of India, and /or other mutual funds (whether listed or unlisted), RBI bonds, government securities, debt instruments, negotiable instruments, unlisted securities, certificates of deposit, participation certificates, commercial paper, money market instruments and investments as may be specified by the MEMBER from time to time;
(c) “Clearing House” shall mean the clearing corporation or clearing house of an Exchange to clear and settle trades in Securities;
(d)“CDSL” shall mean the Central Depository Services (India) Limited;
(e)"Exchange" shall mean and include any Stock Exchanges as registered with Securities Exchange Board ofIndia;
(f)“Risk Disclosure Document” shall mean the document provided by the MEMBER to the Client detailing the risks associated with dealing in Securities;
(g) “SEBI" shall mean Securities and Exchange Boardof India;
(h)“Communication Documents" means and includes but is not limited to copy of KYCdocuments, contract notes, bills, quarterly statements or any other letter / information / document sent to Client from time to time
2. GENERAL TERMS AND CONDITIONS GOVERNING THE SERVICE
(a) COMPLIANCE WITH LAWS
(I) All transactions that are carried out by and on behalf of the Client shall always be subject to Government notifications, any rules, regulations, guidelines and circulars issued by SEBI and Rules, Regulations and Bye laws of the Exchanges that may be in force from time to time, and their Clearing Houses, if any, on which such transactions are executed and / or cleared by the MEMBER that may be in force from time to time, the Reserve Bank of India and the NSDL and CDSL, the Securities Contracts Regulation Act and the rules made there under, and any other applicable statutory provisions and / rules or regulations. The MEMBER is under no obligation to inform the Client of changes in these rules, regulations or Guidelines.
The Client hereby represents and warrants to the MEMBER that he/she/it has not been disqualified or disabled from trading or dealing in Securities in any manner whatsoever.
(ii) In case where the Client is a Non-resident Indian, he agrees to abide by Foreign Exchange Management Act, 1999 and rules and regulations issued thereunder from time to time and such other applicable rules and regulations prescribed by the Reserve Bank of India from time to time.
NON-MANDATORY
VOLUNTARY TERMS AND CONDITIONS APPLICABLE TO THE CLIENT
FOR AVAILING SECURITIES TRADING SERVICES FROM CGS-CIMB Securities
Sig
natu
re o
f th
e C
lient
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AS1
4
(iii) In addition to the specific rights set out hereunder, the Client confirms and agrees that the MEMBER 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 Regulations of the Exchange and circulars issued there under or Rules and Regulationsof SEBI.
(iv) The Client understands, agrees and confirms to provide copies of Annual Accounts, Returns or any other document that maybe asked for by the MEMBER to comply with Prevention of Money Laundering Act, 2002, as amended from time to time. If the Client fails to provide the documents, as may be required by the MEMBER, the MEMBER reserves the right to terminate the agreement forthwith.
(v) The Client hereby agrees that the services and responsibilities of the MEMBER pursuant to these Terms & Conditions, are limited to the Exchange and the market segment in which the Client wishes to deal in and has been indicated by the Client in the Know Your Client documents submitted by the Client to the MEMBER at the time of the execution of this Agreement.
(b) ACTING AS A SUB BROKER OR AUTHORISED PERSON The Client agrees not to act as a Sub Broker or Authorised Person without prior written permission of the MEMBER and without registering itself with SEBI/Stock Exchange. Client hereby confirms that he / she / they is / are not member of any Stock Exchange. In the event, they obtain membership of any Stock Exchange, they will inform the MEMBER forthwith.
(c) DISCLAIMER The Client agrees that all investments and disinvestment decisions are based on the Client's own evaluation of financial circumstances and investment objectives. This extends to any decision made by the Client on the basis of any information that may be made available by the MEMBER / Sub-Broker / Authorised person through any media. The Client will neither hold, nor seek to hold the MEMBER / Sub-Broker/Authorised person, as the case may be, or any of its officers, directors, employees, agents, subsidiaries, affiliates or business associates liable for any trading losses, costs or damage incurred by the Client consequent upon relying on investment information, research opinion or advice or any other material / information provided by the MEMBER/ Sub- Broker/Authorized person, as the case may be. The Client is aware that any information provided by the MEMBER through any medium based on the research of the MEMBER or other external sources is subject to normal variations in the stock market and is merely an estimation of the availability or otherwise of certain investments, and the MEMBER shall not be responsible for nor deemed to have assumed responsibility for any such information. The Client should seek independent professional advice regarding the suitability of any investment decision before acting on such reports and MEMBER shall not be liable under any circumstances for any losses, costs, charges, expenses incurred/suffered by the Client based on such reports.
(d) DEMATERIALISED SECURITIES All orders made by the Client shall only be in Securities compulsorily traded in the dematerialized form. All deliveries of Securities made by or to the Client shall only be in the dematerialized form.
(e) AUTHORISED REPRESENTATIVE The Client confirms, undertakes and agrees to inform to the MEMBER in writing any change in the name of authorized representative, failing which the Client shall be responsible for the trade obligations arising out of the actions of both the old representative as well as the new representative.
3. Manner and mode of placing orders/instructions
The Client may communicate orders and other instructions to CGS-CIMB or the sub-brokers/authorized person as the case may be over phone at the designated contact telephone number and by the designated contact number or in writing or through designated email or by personally visiting the designated office. Client may use any one or more of these means as may be permitted by the SEBI/Exchanges from time to time for placing orders.
4. Execution/Non-execution/delay/cancellation of Orders:
(a) The Client confirms and agrees that placing an order with the MEMBER including a market order, does not guarantee execution of the order. The MEMBER has the absolute right to reject any order that may be made by the Client for any reason whatsoever including for the breach of the requirement of maintaining the prescribed Margin in the Client account or the Bank account.
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(b) The client hereby agrees that CGS-CIMB or the Exchange shall be liable for non-execution or partial execution of any orders caused due to the suspension, interruption or malfunctioning of the online as well as offline trading services, disruptions or congestion of communication networks, hardware or software problems or failure of the electronic trading system generally in any manner due to one or the other reason beyond the control of the CGS-CIMB or Exchange.
5. OTHER CHARGESIn addition to the Brokerage charges, the Client agrees and confirms that the MEMBER shall have right to debit thefollowing charges to the account of the Client
(i) Account set up Charges(ii) Documentation Charges(iii) All statutory levies such as STT,Stamp duty, exchange turnover tax, GST, SEBI fee or any other levy of this nature.(iv) Bank Charges for clearance of cheque.(v) Charges for availing research reports.(vi) Charges of availing facility for mobile broking, sms facility.(vii) Inter settlementcharges
(viii) Auction charges(ix) Penalties levied by the exchange for Client limit violations(x) Charges for dishonor of cheque(s) given by the Client(xi) Any other charges for other services/facilities availed by the Client and communicated by the MEMBER to the Client,
from time to time.
6. DELAYED REPORTING OF TRANSACTIONS:The Client confirms and agrees that:(a) If trades or transactions are reported late to the MEMBER on account of any problems at the Exchange or for
whatsoever reason, the Client in turn will be subject to late reportingof transactions. (b) In addition, any errors reported to the Client for any reason whatsoever will stand subsequently corrected to
reflect the transaction that was effected inthemarket.
7. PAYOUTOF SECURITIES / FUNDS:
(a) In order to facilitate operations, the Client authorises the MEMBER to maintain a running account with the MEMBER, instead of settlement- to-settlement clearance of funds/securities due to the Client. The pay out of funds/securities may be retained by the MEMBER and no interest shall be payable by the MEMBER on such securities/funds so retained. The Client agrees that the MEMBER shall not be liable for any claim for loss or profit, or for any consequential, incidental, special or exemplary damages, caused by retention of such securities / funds under this agreement or otherwise. On written request of the Client the MEMBER may release the funds / securities to him, if sufficient margins in respect of his trading, across the stock exchange(s) and across the segment of the stock exchange(s) are available with the MEMBER. The Client may revoke the authority granted to the MEMBER for maintaining a running account, in which case the MEMBER shall settle all clearances as per the applicable law. The MEMBER shall settle the running account as per the timelines agreed withthe Client, subject to applicable law.
(b) The Client confirms and agrees that in case of purchase of securities by the Client, at times the MEMBER may be unable to deliver the securities to the said purchaser on the pay out day due to non receipt of the securities from the stock exchange(s) or in case on non receipt of the said securities from another Client of the MEMBER who has sold the securities against the said purchase transaction. In cases of such short delivery, the securities shall be delivered to the purchaser as per the policy of the Company as amended from time to time.
(c) The Client understands and undertakes that he will give the funds and securities from his own bank and demat account respectively to honour pay-in obligations.
(d) The Client understands that if the Client trades in the shares which are in Trade to Trade category of the respective exchanges, then the Client shall give the delivery of shares sold and would pay for the shares bought. This means there would not be any netting of the shares bought and shares sold even in the same settlement.
(e) At all times, the Client agrees to make the payment of funds only in the name the MEMBER titled "CGS- CIMB Securities (India) Private Limited" vide account payee cheque from his/her own account, with details of the Client code and the name of the Client mentioned on the reverse of the instrument.
(f) At all times, the Client agrees to transfer the securities only to the designated depository accounts of the MEMBER.
(g) The Client agrees that the MEMBER shall not be responsible for any loss, damages in respect of any funds / securities which are deposited / transferred to any account other than that of the MEMBERS designated account under this Agreement.
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(h) In the event of Client's account receiving an incorrect credit/debit by reason of a mistake, the MEMBER shall be entitled to reverse such incorrect credit/debit at any time whatsoever. The Client shall be liable and continue to remain liable to the MEMBER for any incorrect gain obtained as a result of the same and the MEMBER reserves the right to take such remedial measures against the Client for recovery of the erroneous credit.
8. RIGHT OF LIEN/ SET OFF
(a) The Client confirms, agrees and authorizes the MEMBER to set off credit balances of securities and/or funds, receivables, margins of the Client lying with the MEMBER or have lien on such credit balances/ securities, margins, receivables, in or from the accounts of the Client in any of the segments or exchanges where the Client is registered
with the MEMBER, against the debit balances of securities and / or funds and receivables in one or more of the accounts of the Client in any of the said segments or exchanges, by way of appropriation of the relevant amount of cash or by sale or transfer of all or some of the securities, and/or any credit in any said accounts of the Client
(b) The Client agrees that all securities and monies belonging to the Client which are under the control or possession of the MEMBER shall be subject to a general lien and / or set off, for discharge of any obligation or indebtedness of the Client to the MEMBER including but not limited to the brokerage/charges as stated in clause 9(c) above. . In enforcing the lien and / or the right to set off, the MEMBER shall have the sole discretion of determining the manner in which the securities or assets are to be appropriated / liquidated. The provisions of this clause shall apply notwithstanding any other agreement to the contrary between the Client and the MEMBER.
9. MEMBERCLIENT COMMUNICATION
(a) The Client confirms and agrees that the Communication Documents which may be sent by electronic delivery between the parties may be in the form of an electronic mail (including any auto replies from the system of the MEMBER), an electronic mail attachment, or in the form of an available download from the web site. The MEMBER shall be deemed to have fulfilled any legal obligation to deliver to the Client any such document if sent via electronic delivery, provided however that the notice of termination specified in the Terms herein, shall be in writing.
(b) Electronic Communication of Documents:
(i) The Client confirms, agrees and authorizes the MEMBER to send the contract note/trade confirmations of the trades executed, bills and account statements or such other data relating to his trading account with the MEMBER and also authorises Depository Participant to send all bills and/or transactions statements, communication and information through electronic mail to his/her/its email address as intimated by the Client to the Member. The CLIENT agrees that the MEMBER fulfills its legal obligation to deliver to the CLIENT any such document if sent via electronic delivery. The Client agrees that the log report generated by the system at the time of sending of the contract notes or other documents shall be treated as the acknowledgement and confirmation of receipt of contract notes and such other documents by the Client. The CLIENT understands that it is his/ her/its responsibility to review, upon first receipt, whether delivered to Client by mail, by e-mail (including any auto replies from the system of the MEMBER), or other electronic means, all confirmations, statements, notices, contracts, bills and other communications. All information contained therein shall be binding upon the CLIENT, if the CLIENT does not object, either in writing or via electronic mail, within reasonable time after any such document is sent to the CLIENT. In all cases, the MEMBER reserves the right to determine the validity of the CLIENT'S objection to the transaction. The MEMBER, may on request by the Client and at such additional cost to the CLIENT, send hard copies of the contract notes or such other documents. Further non-receipt of bounced mail notification by the MEMBER shall amount to delivery of contract note at the Email ID of the Client
(ii) The Member may at any time amend the Terms & Conditions by modifying or rescinding any of the existing provisions or conditions or by adding any new provision or condition with prior notice to the customer either through physical or electronic form. The continued use of the services of the MEMBER after such notice will constitute acknowledgement and acceptance of such amendment. These terms (as amended or modified from time to time) represent the entire agreement between the Client and the MEMBER concerning the subject matter hereof.
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(c) Change of Address
Unless the Client informs the MEMBER of the change of the address for communication, electronic or otherwise, in writing, all notices, circulars, communication or mail sent to the existing address shall be deemed to have been properly delivered and received by the Client irrespective of whether they are actually received or not.
The Client undertakes and agrees to inform the MEMBER of the change in the designated email address in writing.
10. RESERVE BANK OF INDIA GUIDELINES
The Client being an FII/NRI/PIO/FN, hereby acknowledges that he is aware of the RBI guidelines in relation to his investments in the secondary market in India. The Client hereby agrees to keep himself abreast of the ceiling limits on investments as published by RBI from time to time and also agrees that he shall immediately reverse his transaction immediately, the Client authorizes the MEMBER to do so under instruction of the Client.
11. MISCELLANEOUS PROVISIONS GOVERNING THE TERMS:
(a) LIMITATION OF LIABILITY: The MEMBER shall not be liable for any inaccuracy, error or delay in, or omissions of, 1) any such data, information or messages, or 2) the transmission or delivery of any such data, information or messages, due either to any act or omission by the MEMBER or to any "Force Majeure" event (e.g. flood, extraordinary weather condition, earthquake or other any act of God, fire war, insurrection, riot, labour dispute, accident action of government communication power failure, shut down of the systems for any reason (including on account of computer viruses), equipment or software malfunction); any fraud committed by any person whether in the employment of the MEMBER or otherwise or any cause within or beyond the reasonable control of the MEMBER 3) cancellation or non-execution of the order placed by the Client with the MEMBER.
(b) REPRESENTATIONSANDWARRANTIES OFCLIENTS
(i) The Client hereby represents and warrants that these Terms & Conditions have been clearly understood and that the information furnished to the MEMBER is complete, accurate and truthful.
(ii) The Client confirms that he/she is of legal age and he/she/it has obtained the necessary approvals from the relevant regulatory/ legal and compliance authorities to avail the services provided pursuant to the terms of this Agreement.
(iii) The Client has read and understood the Risk Disclosure Document, Rights & Obligations, Guidance note and the Policy and Procedures of the MEMBER;
(iv) The details provided by the Client in the Know Your Client documents and such other ancillary documents submitted to the MEMBER are true and accurate. The Client undertakes to inform the MEMBER of any change in the information or details furnished by the Client to the MEMBER.
(c) SHARING OF INFORMATION: The Client agrees and confirms that the MEMBER may appoint agents / representatives, service providers etc. for carrying out the acts mentioned in or in relation to these Terms & Conditions. The Client understands that MEMBER may need to share the Client information with such agents / representatives, service providers, etc. The Client shall have no objection to MEMBER sharing of his / its account related information / documents / data to such agents / representatives, service providers or to business associates, affiliates, group companies of the MEMBER for the purpose of carrying out or facilitating acts mentioned in or acts ancillary to or in relation to these Terms & Conditions.
(d) RECORDING OF CONVERSATION: The Client is aware that the MEMBER may record the conversations between the Client / Client’s representative and the MEMBER, either personally or over the telephone, and hereby specifically permits the MEMBER to do so. Such recordings may be relied upon by the MEMBER as and when required to resolve disputes in connectionwith the trading transactions.
(e) The Client has the option to terminate this Agreement by giving a notice in writing of not less than 30 days, provided however, the position of the Client is settled and there are no outstanding position in the Account of the Client maintained by the MEMBER. The Client further understands and confirms that the MEMBER reserves the right to withdraw all the services being provided to the Client.
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(f) INDEMNITY
(i) The Client agrees and confirms that though orders are generally routed to the marketplace immediately after the time the order is placed by the Client on the system there may be a delay in the execution of the order due to any link/system failure at the CLIENT/MEMBER/Exchange's end. The Client hereby specifically indemnifies and holds the MEMBER harmless from any and all claims, arising from such delay and agrees that the MEMBER shall not be liable for any loss, direct or indirect, actual or perceived, caused directly or indirectly by government restriction, exchange or market regulation, suspension of trading, war, strike, equipment failure, communication line failure, system failure, security failure on the Internet, shut down of systems for any reason (including on account of computer viruses), unauthorised access, theft, any fraud committed by any person whether in the employment of the MEMBER or otherwise or any problem, technological or otherwise, that may disrupt contact between the Client and the MEMBER.
(ii) The Client further confirms and agrees that Client will not be compensated by the MEMBER for any "lost opportunity' viz. notional profits on buy/sell orders which could not be executed due to any reason whatsoever, including but not limited due to time lag in the execution of the order or the speed at which the system of the MEMBER or of the Exchanges is operating, any shutting down by the MEMBER of his/her/its system for any reason or the MEMBER disabling the Client from trading on its system for any reason whatsoever.
(g) SEVERABILITY: The Client confirms and agrees that in case any one or more of the terms and conditions confirmed by the Client becomes invalid, illegal or unenforceable in any respect under any law, the validity, legality and enforceability of the remaining provisions contained herein shall not in any way be affected or impaired thereto.
12. ADDRESS FOR COMPLAINT / INVESTOR GRIEVANCES AND COMMUNICATION:The Client understands and confirms to send all the Complainants and queries in case of any grievance or complaint arising out of and in the course of trading in securities, on the email address at [email protected]. Alternatively the Client shall send the written complaint marked to CGS- CIMB Securities (India) Private Limited, 603 Platina, G Block, Plot No C59, Bandra Kurla Complex, Mumbai - 400051.
All notices or communications other than above and excluding instructions to carry out trades, shall be sent in any one or more or all of the following ways:
(a) by sending an email to the Client on the email address by the MEMBER. (b) by sending an SMS to the last registered mobile number of the Client (c) by post/courier
13. JURISDICTION
(a) The MEMBER and the Client declare and agree that the transactions executed on the Exchange are subject to the Rules, Byelaws and Regulations and circulars issued thereunder of the Exchange and all parties to such trade shall have submitted to the jurisdiction of such court as may be specified by the Bye laws and regulations of the Exchange for the purpose of giving effect to the provisions of the Rules, Byelaws and Regulations of the Exchange and the circulars issued thereunder.
(b) The MEMBER here by agrees that it shall ensure faster settlement of any arbitration proceedings arising out of the transactions entered into between the MEMBER and the Client and that it shall be liable to implement the arbitration awards made in such proceedings.
(c) This service does not constitute an offer to sell or a solicitation of an offer to buy any shares, securities or other instruments to any person in any jurisdiction where it is unlawful to make such an offer or solicitation. This service is not intended to be any form of an investment advertisement, investment advice or investment information and has not been registered under any securities law of any foreign jurisdiction and is only for the information of any person in any jurisdiction where it may be lawful to offer such a service.
14. PROPRIETARYTRADING:
The Client confirms and acknowledge, that he/she is aware that the MEMBER is doing Proprietary trading in Index Option on the Exchange as Pursuant to the Rules and Byelaws of the BSE Ltd and the NSE of India Ltd and the circulars and directions issued by SEBI and may undertake Proprietary trading in Equities in addition to Client based trading.
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15. RESEARCH/TRADING RECOMMENDATION:
Client understands that the MEMBER carries out fundamental and trading research/ notes/ trading calls / technical calls, particularly on companies, industry, stock markets, commodity markets and economy from time to time (collectively hereinafter referred to as "material"). Client may request the MEMBER to provide such material through email or by access to the website of the MEMBER or through SMS or any other mode on a voluntary basis by paying charges specified by the MEMBER which shall be levied and debited to the Ledger Account of the Client maintained by the MEMBER from time to time.
Client understands and agrees that by agreeing to receive such material, Client is aware that said material is only for personal information of the Client and that the same shall not be reproduced or redistributed to any other person. Further Client understands and confirms that said material is not an offer or the solicitation of an offer to buy any security and by sending this material on request. MEMBER or any of its officers, directors, personnel and employees shall not be liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss or profit in any way arising from the use of this material in any manner. Client shall, therefore, before dealing and/or transacting in any of the products referred to in the said material, make own investigation, seek appropriate professional advice. Client shall be solely responsible/liable for all decisions on investments /disinvestments taken by him/her/it on the basis of the said material. The Client further acknowledges that such material will be subject to the risks disclosed in the Risk Disclosure Document.
16. INDEMNITY
Client shall indemnify and keep indemnified and hold harmless the MEMBER, its directors, officers, employees,agents and representatives fully and completely at all times from and against any and all claims, demands, actions,proceedings, damages, costs, expenses, losses and all other liabilities whatsoever including reasonable legal costswhich the MEMBER or any of its directors, officers, employees, agents and representatives may suffer, incur orsustain in connection with the “Client account” with the MEMBER (the “Account”) or any transaction relating theretoor as a consequence of any failure by Client to perform or observe any of its obligations under this Agreement or inconnection with any transaction or the performance by the MEMBER of any of its obligations under or in connectionwith this Agreement or the exercising of any of the MEMBER's rights, powers and remedies under or in connectionwith this Agreement, the Orders or execution of the Orders of Client or any act or omission on Client’s part includingdeficit balances and unrealised losses in the Account save where such losses, liabilities and expenses were caused bygross negligence, fraud or willful default on part of the MEMBER.
17. Disclosure of Information
17.1 The Client hereby expressly authorizes and permits the MEMBER and each of its authorized representatives (including but not limited to its officers, employees and agents) to divulge, reveal or disclose any or all of the particulars of the Client's Account and any personal information or sensitive personal information of the Client and information relating to any transaction or dealings between the Client and the MEMBER:
(a) to any current or future Affiliate, or entity currently or which in the future may be associated with the MEMBER, including representative and branch offices, and their respective authorised representatives (including but not limited to its directors, employees and agents) (“Authorised Parties”);
(b) to the auditors, legal advisors and other professional advisors of the MEMBER and the Authorised Parties;
(c) to any person or organization participating in the provision of electronic or, without limitation, other services in connection with services utilized by the Client, whether in India or elsewhere for the purpose of the operation of the Account including but not limited to investigating discrepancies or claims;
(d) to any third party printer, agent or storage or archival service provided (including but not limited to any provider of microfilm service or any electronic storage, archival or recording facility) for the purpose of making, printing, mailing, storing, microfilming and/or filing personalized statements of accounts, labels, mailers or any other document or items on which the Client's name and/or other particular appears, or any data or record of any document whatsoever;
(e) to the police or any other public officer or any representative of any governmental or regulatory body conducting an investigation in connection with any offence;
(f) to any Exchange, government or regulatory body or governmental (including quasigovernmental) authority or tribunal or courts of India or other jurisdictions, including the jurisdictions in which the Client has traded or where any of the MEMBER’s overseas business operations are situated;
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(g) to any person to whom disclosure is required or permitted to be made pursuant to due legal process, any applicable laws or rules or regulations or any order of court;
(h) to any of the Authorised Parties for risk management purposes, for monitoring credit exposure of the MEMBER or any group in which the MEMBER or any of its Affiliates is a member thereof (the “the MEMBER Group”), for purposes of centralisation of operations within the MEMBER or the MEMBER Group, for purposes in connection with business planning, restructuring and strategy and for the purpose of promoting, marketing or cross-selling of financial products and services to the Client;
(i) to any credit bureau (including the members of such credit bureau of which the MEMBER is a member), rating agency, insurer, or any other provider of credit protection to the MEMBER and/or any of the Authorised Parties of theclient.
(j) to any counter party transacting with the MEMBER or any of the Authorised Parties for the purposes of or in connection with any transaction or services provided by any authorised party.
(k) to any assignee or transferee or prospective assignees or transferees of the MEMBER's credit facilities, business and undertakings or such part thereof;
(l) to any person with whom the MEMBER may enter into (or may potentially enter into) any participation or sub- participation in relation to any transaction or service under, pursuant or otherwise in connection with, these terms and conditions;
(m) to any person or entity participating in the merger/acquisition or proposed merger/acquisition ofthe MEMBER or its holding company with/by another company; and
(n) to any other person or entity at any time:
(1) which the MEMBER or any of its authorised representatives considers appropriate for any purpose in connection with these terms and conditions; or
(2) where such particulars of the Client’s Account was inadvertently divulged, revealed or disclosed to/or accessed by such persons or entities through no willful default of the MEMBER or its authorised representatives.
17.2 The Client hereby authorises the MEMBER to make such enquiries and carry out such credit checks “on the Client and to obtain from any third party (including any credit bureau or credit agency) any and all of the Client's information with such third party as the MEMBER may in its sole and absolute discretion deem fit, and undertake to execute and deliver such document as the MEMBER may require for the purposes of such enquires, credit checks and assessments and the obtaining of such information, including but not limited to, a letter of authorization in such form as the MEMBER may require.
17.3 The Client agrees to provide any information as the MEMBER may require and/or as is necessary to verify the Client’s identity and do all things necessary to enable the MEMBER to comply with applicable anti-money laundering and “know your client” laws and regulations. Without prejudice to any provision herein, the Client agrees that the MEMBER shall be held harmless against any loss arising as a result of any delay or failure to process any application or transaction if such information and documentation as has been requested by the MEMBER has not been provided by the Client.
I/We have read, understood And agree For CGS-CIMB Securities (India) Private Limited
Name: Signature ______________________________
Name of the Authorised Signatory
Signature of the Client Date:
For and on behalf of Client Place: Mumbai
Witness 1) For & on behalf of CGS-CIMB Securities (India) Pvt Ltd
Witness 2
D D M M Y Y Y Y
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AS15F
RUNNING ACCOUNT AUTHORIZATION
CGS-CIMB Securities (India) Private Limited Date:
Dear Sir/Madam,
Subject : Running Account Authorization
Ref : My UCC Code : Name :
Due to operational convenience and to be in a position to settle my/our trades within the Exchange specified Settlement Schedule. I/We request you to offer the facility of maintaining the running account with you. I/We understand and agree the following:
1) You can retain the funds with you, received as payouts from the Exchange on my/our future transactions or outstandingpositions, if any.
2) You can retain the Securities with you, in your margin Account received as Payouts from the Exchanges on my/our behalf.The same can be used towards margin/collaterals for my/our future transactions or against outstanding positions if any.
3) In case of any Sale transactions done by me/us, you can automatically deliver the shares to the Exchange towards Payin ofmy/our shares if any lying with you on my/our behalf.
4) In case of any purchase transactions done by me/us you can automatically make the funds pay-in to the Exchange out ofthe credits lying in my/our account on my behalf.
5) In case of any debit balance in my/our Account you can square off my/our Securities held by me/us to the extent of ourdebit balance without any notice to me/us.
6) You can transfer funds/securities from my/our account in one segment against my obligations in another segment in thesame Exchange or different Exchange/s.
7) You can transfer funds/Securities from my/our Account in one segment against collaterals/margins from my/our trade inanother segment in the same Exchange or different Exchanges. These funds transfer can be done either by way of a journalentry(JV) or by way of physically exchanging the cheques.
8) I/We confirm that the funds mean monies lying as credit in my/our account or payouts that are to be received fromExchanges arising out of sale of Securities. At the time of actual settlement of funds and securities of my / our account inaddition to other permissible retentions, you can retain an amount of upto Rs. 10,000/- (or such amount permissible fromtime to time as directed by the regulatory authorities) in my/our account towards future obligations / marginrequirements.
9) In case I/we require funds or Securities I/We will inform you of the same in writing, after which you can make the payment,transfer the securities to me/us on my/our request.
10) I/We understand and agree that no interest would be paid on my/our credit balance in the running account with CGS-CIMB.
11) I/We will not hold CGS-CIMB responsible for any loss/damage arising out of such transfers and or sale done by CGS-CIMBon my/our behalf, pursuant to these instructions.
12) In case I/We wish to revoke the said running account authorization at any time, I/We shall inform, CGS-CIMB in writing andget it acknowledged by CGS-CIMB.
13) In the event I/WE have any dispute arising from the statement of account received from CGS-CIMB, I/We will bring thesame to the notice of CGS-CIMB within 7 trading days from the date of receipt of funds/securities or the statement, as thecase may be.
My/Our preference for actual settlement of funds and securities is at least (tick the appropriate choice):
a) Once in a calendar Quarter b) Once in calendar month
(At the time of settling the account as above, in case I/We are having any outstanding obligation, CGS-CIMB may retain the funds to be required to meet margin obligation for the next 5 trading days, calculated in the manner specified by the exchanges)
Thanking You,
Yours faithfully,
Name of Client :
603 Platina, G Block, Plot No C 59,
Bandra Kurla Complex, Mumbai 400 051 INDIA
AS16FD D M M Y Y Y Y
(Not applicable for QFI/NRI)
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Date :
To,CGS-CIMB Securities (India) Private LimitedMumbai
Dear Sir,
Sub : Authorisation for operating the trading account
I/we applied for opening a trading account in the name of ,
I/we would hereby appoint who is my/our
as my/our authorized representative to undertake the following activities in my/our trading account
1. Place orders in my/our trading account
2. Collect payments on my/our behalf issued by CGS-CIMB for the credits lying in my account
3. Receive and acknowledge contract notes
4. Receive and confirm ledger balances
5. Handover cheques from my/our bank account as stated in the Client Registration forms against my/our dues if any.
6. Any instructions pertaining to operating my/our trading account.
I/we accept that, all obligations arising out of the trading account being operated by my/our above mentioned authorized representative would be binding on me/us.
I/we also undertake to indemnify CGS-CIMB for all dues, losses, penalties and incidental expenses relating to and arising out of the transactions executed by in my/our above mentioned trading account.
In case if I/we wish to withdraw this mandate I/we shall inform CGS-CIMB in writing and obtain acknowledgment thereof from CGS-CIMB at least 7 working days from the date of withdrawal.
Yours faithfully,
Client’s Signature Authorised Person’s Signature
Name of Client: Name of Authorised Person:
PAN No.:
Address:
Mobile No:
Email Id:
Encl : 1. PAN Card Copy of Authorised Person
2. Address Proof of the Authorised Person
AS17F
AUTHORISATION FOR OPERATING THE TRADING ACCOUNT (Only for Non-Individuals)
(The Client should read the details sated below and can cancel /strike out this option if it does not seek to avail)(Not applicable for QFI)
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Format of the Declaration to be given by Partnership on Letterhead of the Firm
To,
CGS-CIMB Securities (India) Private Limited
We refer to the trading account being opened / opened with you in the name of_____________________________ and declare and authorise you as under.
We recognize that a beneficiary account cannot be opened with a depository participant in the name of a Partnership firm as per Regulations. To facilitate the operation of the above trading account with you and for the purpose of completing the securities transfer obligations pursuant to the trading operations, we authorise you to recognize the beneficiary account No. __________________ with depository ________________________________________ opened in the name(s) of the partner(s) of the firm.
We agree that the obligations for shares purchased and / or sold by the firm will be handled and completed through transfers to/ from the above-mentioned account. We recognise and accept trans- fers 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.
We hereby authorise ___________________________________, partner in the firm to execute / sign and submit such documents, agreements, deeds etc. as may be necessary to enter into the agreement and engage in business with CGS-CIMB Securities (India) Private Limited and to sell, purchase, transfer, endorse, negotiate and do other things that may be necessary to engage in business on behalf of the partnership
Name of the Partner Signature of the Partner
Applicant Signature:
Name of the Client:
AS18F
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GROUP A
1.Your current age is:
a. Under 30 years b. 31-40 years c. 41-50 years d. 51-60 years e. Over 60 years
2.Your current annual take home income is:
a. Under Rs. 10,00,000 b. Between Rs.10,00,001 and Rs.15,00,000 c. Between Rs.15,00,001 and Rs. 20,00,000 d. Between Rs. 20,00,001 and Rs. 30,00,000 e. Over Rs. 30,00,001
3. The number of years you have until retirements:
a. 3 years or less b. 3 to 5 years c. 5 to 10 years d. 10 to 15 years e. 15 years or more
4.Your present job or business is:
a. Is not dependable b. Is relatively secure c. ls secure d. Doesn't matter as you already have enough wealth e. Doesn't matter as you can easily find an equally good new job/career
5. What are your expectations of how your future earnings would be?
a. It would far outpace inflation b. It would be somewhat ahead of inflation c. It would keep pace with inflation d. It may not be able to keep pace with inflation
6. How good is your knowledge of finance?
a. I'm an expert in the field of finance b. I'm proficient in finance c. I don’t know much about finance but I keep myself updated through newspapers, Journals, TV, etc. d. Limited to knowing things like how the stock market or certain select script is/are moving e. I'm totally zero as far as knowledge of finance is concerned
7. If you lose your job or stop working today, how long do you think your savings can support you?
a. Less than 3 months b. 3-6 months c. 6 months to 1year d. 1 – 3 year e. More than 3 years
8. You are financially responsible for (exclude dependents who can be supported by your spouse’s income)?
a. Only yourself b. 1 person besides yourself c. 2 to 3 persons besides yourself d. 4 to 5 persons besides yourself e. More than 5 persons besides yourself
FINANCIAL RISK PROFILER
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GROUP B
9. How would you describe yourself as a risk-taker?
a. I do not mind speculating b. Willing to take risks for higher returns c. Can take calculated risks d. Low risk taking capability e. Extremely averse to risk
10.If you had Rs.25 Lacs to invest, which of the following choices would you make?
a. Put the money in Bank Fixed Deposit and Bonds b. Invest the money in Mutual Funds c. Invest the money in Shares d. Invest in the combination of above with higher proportion of Bank FDs and Bonds e. Invest in the combination of above with higher proportion of Mutual Funds and Shares
11.You have a market tip on the price appreciation of certain scrip, you:
a. Immediately invest in the scrip b. Invest if you feel that the source of the tip is an experienced/ expert market player c. Do some enquiry and analysis and then decide d. Want to invest but are generally unable to take decision in such cases e. You don't rely on such tips or totally ignore it.
12. You are on a TV game show and you win Rs.50 Lacs. You have a choice to keep the money or
risk it to win a higher amount. You:
a. Are happy with Rs. 50 Lacs that you have earned b. Risk the Rs. 50 Lacs on a 50% chance of winning Rs.1.50 Cr c. Risk the Rs. 50 Lacs on a 25% chance of winning Rs. 3.75 Cr d. Risk the Rs. 50 Lacs on a 10% chance of winning Rs. 5 Cr
13. Which one of the following bets describes your feeling immediately after making an
investment, you:
a. Are not bothered- it's just another investment for you b. Are satisfied and content with the decision c. Are not very sure whether you made the right decision d. Are worried e. Generally regret your decision
14.The stock market has dropped 25% and a share that you own also dropped 25%, but themarket expects the share to go up again. What would you do?
a. Sell all the shares b. Sell some of them c. Buy more of them d. Keep all of them as you expect the price to reach the earlier level e. Keep all of them as you are afraid of booking a loss
15.You have a substantial sum of money spare for about 6 months after which you
need this sum to repay a loan, this sum is currently not invested anywhere. You
would:a. Keep the money in your bank fixed depositor money market funds b. Invest the money in Debt mutual funds c. Invest the money in Equity shares / Equity mutual funds d. Loan the money at market rates to businessmen e. Invest the money in a combination of above
FINANCIAL RISK PROFILER
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16. Please tick mark the additional applicable category to you
a. Nonresident client b. High net-worth client (having annual income + net worth of more than Rs. 1 crore) c. Trust, Charities, NGOs and organizations receiving donations d. Company having close family share holdings or beneficial ownership e. Civil Servant or family member or close relative of civil servant f. Bureaucrat or family member or close relative of bureaucrat g. Current or Former MP or MLA or MLC or their family member or close relative h. Politician or their family member or close relative i. Current or Former Head of State or of Governments or their family member or close relative j. Senior government/judicial/ military officers or their family member or close relative k. Senior executives of state-owned corporations or their family member or close relative I. Companies offering foreign exchange offerings m. None of the above
I hereby further confirm/undertake that the investments/trading done in securities market are from my own/borrowed
sources of funds and I confirm that the funds utilized for trading activity by me is in compliance with the rules,
regulations and guidelines stipulated under PMLA.
ANALYSIS
Your Risk taking capacity based on your life seems to be
1. Low 2. Low – Medium 3. Medium 4. High 5. Very High
Your attitude to risk based on your inputs seems to be
1. Low 2. Low – Medium 3. Medium 4. High 5. Very High
INVESTMENT PROFILE
1. CONSERVATIVE 2. MODERATE 3. BALANCED 4. AGGRESSIVE 5. HIGHLY AGGRESSIVE
Name of the RM Signature
I hereby acknowledge that my investment profile has been determined as _____________ based on the information provided by
me. However of declare that my risk profile to be charged to set up as ___________.
I would like to avail of leverage for trading in Equity and Derivatives as may be offered by the member.
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S19Signature of the Client
Name __________________________________
CGS-CIMB Securities (India) Private Limited
Acquisition RM :(Name & Employee Code No.)
Advisory RM :
Dealer :
Reference/Introduce Name :
AP Name / Code :
Family Code :
Account Opening : Amount Cheque No.
Cheque Detail : Bank Date
(Name & Employee Code No.)
(Name & Employee Code No.)
Customer Service Executive :
Indicia of U.S. Status Account Status Action required
Have the account holder(s) provided any standing
Does the account have a U.S. address (including P.O. Box) or U.S. phone number?
Have the account holder(s) granted Power of Attorney ?
If answer to above question is "Yes", then does the Attorney have a U.S. address ?
Does this account have a "hold mail" status or have an"in care of" address that is the sole address for thisaccount ?
________ ASSESSMENT OF CUSTOMER'S FATCA CLASSIFICATION : Customer is: q US Non-US:
I declare that: the required account opening checks have been performed for the customer(s) listed above; andthat the information provided is true, correct and updated.
Relationship Manager's Signature Relationship Manager's Name
Employee Code Number
If any question answers YES,Instructions to transfer funds to an RM to collect additional
account maintained in the U.S.? documentation
If ALL questions answer NO, classify the account in Section B. No further actionrequired.
q
Section A: To be filled by Relationship Manager
Section B: To be filled by Relationship Manager
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CGS-CIMB Securities (India) Private Limited
Phone: +91-22-4880 5100 • Fax: +91-22-4880 5180 Email: [email protected]
Date: ________________ Form No.: ________________
Received copy of The Client Registration Kit of Mr./Ms./M/s._____________________________________________ including Mandatory Documents as prescribed by SEBI & Exchanges and Non-Mandatory Documents, along with copy of my/our Risk Profiling Document as performed by CGS-CIMB.
Initial cheques details: Amount: _______________________ Cheque No. : _________________
Bank Name: ________________________________________
603 Platina, G Block, Plot No C 59, Bandra Kurla Complex, Mumbai 400 051 INDIA
CGS-CIMB Securities (India) Private Limited
Phone: +91-22-4880 5100 • Fax: +91-22-4880 5180 Email: [email protected]
Date: ________________ Form No.: ________________
Received The Client Registration Kit of Mr./Ms./M/s.____________________________________________________ including Mandatory Documents as prescribed by SEBI & Exchanges and Non-Mandatory Documents.
Initial cheques details: Amount: _______________________ Cheque No. : _________________
Bank Name: ________________________________________
Date of Cheque : ___________________
CGS-CIMB SECURITIES (INDIA) PRIVATE LIMITED
603 Platina, G Block, Plot No C 59, Bandra Kurla Complex, Mumbai 400 051 INDIA
ACKNOWLEDGEMENT (OFFICE COPY)
ACKNOWLEDGEMENT (CLIENT COPY)
AS20F Signature :
Name of the Applicant :
Signature :
Name :
F
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