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INDEX

MANDATORY DOCUMENTS PAGE NO

1 CONSTITUENT REGISTRATION APPLICATON FORM-INDIVIDUAL 6 - 9

(Details of the client are required to “know your client” norms .These details are required to establishthe identity of the client)

2 CONSTITUENT REGISTRATION APPLICATON FORM - NON INDIVIDUAL 11 - 14


3 ANNEXURE A FOR DIRECTORS, PARTNERS, KARTA, PROP 15 - 16


4 MEMBER CONSTITUENT AGREEMENT-NSE 17 - 20

Agreement as prescribed by SEBI is required to be entered between client and Stock-broker for NSE Cash & F&O segment

5 MEMBER CONSTITUENT AGREEMENT-BSE 21 - 24

Agreement as prescribed by SEBI is required to be entered between client and Stock-broker forBSE Cash & F&O segment

6 TRIPARTITE AGREEMENT-NSE 25 - 28

Agreement as prescribed by SEBI is required to be entered between client and Stock-broker andsub-broker for NSE Cash & F&O segment

7 TRIPARTITE AGREEMENT - BSE 29 - 32

Agreement as prescribed by SEBI is required to be entered between client and Stock-broker andsub-broker for BSE Cash & F&O segment

8 RISK DISCLOSURE DOCUMENT 33 - 38

(This document details the basic risk involved with trading with stock exchange, the rights and obligations to the clients)

9 POLICIES AND PROCEDURES-RMS& CONTROLS 39 - 42(Various policies and procedures related to broking are explained in the document)

10 NOTES ON PMLA 43- 45

A note informaing the clients on prevantion for anti money laundering )

11 FORMATS 46 - 50

(Various formats to be followed by the client opening an account )

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VOLUNTARY DOCUMENTS PAGE NO

12 ITORS AGREEMENT-NSE 52 - 53

(A supplement to member-constituent agreement applicable to clients availing internet trading facility for trading on NSE.)

13 ITORS AGREEMENT - BSE 54 - 59

(A Supplement to member-constituent agreement applicable to clients availing internet tradingfacility for trading on BSE.)

14 DEMAT ACCOUNT JOINT HOLDER DETAILS (CDSL) 60 - 53

(Details are required for adhering to KYC opening of demat account are required to adhere to “Know Your Clients” norms.)

15 NOMINATION FORM (CDSL-ONLY DEMAT ACCOUNT) 64

(A Nomination form for demant account holders.)

16 AGREEMENT FOR DEMAT ACCOUNT-CDSL 65- 66

(Details are required for adhering to KYC opening of demat account are required to adhere to “KnowYour Clients” norms.)

17 POWER OF ATTORNEY-DEMAT ACCOUNT-CDSL 67-71

(Power of Attomey provided to broker to facilitate payin of securities and other authorizations)18 ANNEXURE-A-DP (SMS-Alert) 72 - 73

Authorisations are required for setting up of a SMS alert for operation convenience of broking as wellas demat accounts.)

19 UNDERTAKING-HUF ACCOUNT 74

(An undertaking to be filled in by a client opening a HUF account)

20 VOLUNTARY CLAUSES AGREEMENT 75- 78

(Addition clauses other than specified by SEBI to Facilitate transition in e-broking)21 AUTHORITY LETTER FOR DEALINGS-INDIVIDUAL 79

(Authorisations are required for operation convenience of broking.)

22 UNDERTAKING FOR DIGITAL CONTRACT NOTES / STATEMENTS 80 - 81

Client is required to provide his consent to revive digital contract noted to his e-mail id and understand the terms and conditions for receiving contracts notes in electronic form.)

23 AUTHORITY LETTER FOR RUNNING A/C MAINTAINENCE 82

(For the purpose of operational convenience this authorized is required to maintain the client accountboth for the funds and securities, on running account basis.)

24 AUTHORITY LETTER FOR COLLECTING CONTRACTS, BILLS, LEDGERS ETC 83

Authorisations are required for operation convenience of broking as well as demat accounts.)

25 AUTHORISATION FOR BSE StAR MF 84

(Authorisation to trade Mutual Funds on BSE.)

26 AUTHORISATION FOR NSE MFSS FACILITY 85 - 86

(Authorisation to trade Mutual Funds on NSE.)

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CHECKLIST FOR INDIVIDUAL

Please take care of the below mentioned issues while sending us the form :

1) Obtain bank certification of bank account or attach photocopy of latest bank statement with name, address andaccount no mentioned on the form.

2) Get the agreement witnessed by the two witness.

3) Attach any one proof of identity i.e. PAN card, Voters Card, Driving Licence, Passport, Mapin Card.

4) Proof of address i.e. ration card, voters id, passport, telephone bill, electricity bill, flat maintenance bill, rentagreement, driving license, insurance policy, bank passbook.

5) Proof of Demat Account.

6) Please specify if occupation is mentioned as “others”.

7) Please give office address if occupation is mentioned as “service” or “business”.

8) Please provide income levels and portfolio size.

9) For HUF; please provide details of co-parceners along with the form and proofs of designated bank and demataccounts. Also provide copy of PAN card for verifications to non individual.

10) NRI constituents, please provide foreign address and provide proof of the same.

11) NRI constituents, please provide proof of PORTFOLIO INVESTMENT SCHEME (PIS) ACCOUNT.

12) In case the constituent wishes to or has granted power of attorney, (only for operately the a count) copy of acertified copy of power of attorney should be provided along with the proof of identity and address of the personto whom power of attorney has been granted.

NOTICE TO INVESTORS

PLEASE NOTE THAT THIS IS A STOCK BROKING COMPANY AND WE DEAL ONLY IN SECURITIES ANDNOT INTO ANY ANOTHER BUSINESS.

PLEASE NOTE WE DO NOT INDULGE INTO ANY LENDING AND BORROWING OF FUNDS OF SECURITIESNOR HAVE WE AUTHORIZED ANYBODY TO DO SO ON OUR BEHALF.

PLEASE DO NOT GET LURED BY ANY BOGUS COMMITMENTS SUCH AS FIXED RETURNS. NOBROKERAGES. NO DP CHARGES NO AMC. FREE ACCOUNT OPENINGS.

PLEASE DO NOT AUTHORIZE ANYBODY TO TRADE ON YOUR BEHALF

PLEASE DO NOT SHARE YOUR PASSWORDS WITH ANYBODY INCLUDING OUR EMPLOYEES SUBBROKER.

PLEASE AVAIL THE SMS / EMAIL FACILITY TO KEEP A ONLINE CHECK ON YOUR DEALINGS. BYPROVIDING YOUR MOBILE / EMAIL IDS.

PLEASE CONFIRM YOUR TRADES ON A DAILY BASIS AND INFORM THE BRANCH MANAGER OF ANYDISCREPANCY IMMEDIATELY.

PLEASE DO NOT HESITATE TO GET IN TOUCH WITH THE REGIONAL OFFICE OR HEAD OFFICE INCASE YOUR QUERY IS NOT RESOLVED BY THE BRANCH IN TWO DAYS.

PLEASE STOP TRADING IMMEDIATELY ONCE YOU HAVE A FEELING THAT THERE IS CERTAINIRREGULARITY IN YOUR ACCOUNT.

PLEASE DO NOT ISSUE ANY CHEQUES IN ANY OTHER NAME EXCEPT “LKP SECURITIES LTD.”

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FOR OFFICE USE

CLIENT INTRODUCTION FORM

Client Code BSE NSE F & O

Date : Sr. No. :

Client Name Br Code:

Relationship with client : Branch:

Profession :

Past Brokers, if any : :

Nature of Business & Portfolio Size : Trader / Investor

Exposure Level To Be Allowed :

Pan No. / Demat A/C Available :

Deposit Taken :

(To be Filled in compulsorily) :

I would like to introduce the above client and I state that I have verified the present residential & office address of theabove client and the same are existing, I have also checked out his relationship /dealings with other brokers in the pastand found them to be clear of any discrepancies or liabilities. The duly filled in client registration form is also attachedhere with for your verifications kindly approve the same.Remarks if any :

Yours Sincerely

Name & Signature of the Introducer Signature of the Branch Manager

Approved by Regional V. P. :

Approved by H.O. :

BROKERAGE :INTRADAY :-

DELIVERY :-

MINIMUM :-

FUTURES :-

OPTIONS :-

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

In Person verfication done by.

Name of Employee Place/Branch

Designation : Signature : Date :

Signature of Client : X1

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NSE/BSE/DEMATCASH AND F&O

LKP SECURITIES LTD.MEMBER, BOMBAY STOCK EXCHANGE LTD.

MEMBER, NATIONAL STOCK EXCHANGE OF INDIA LTD.DEPOSITORY PARTICIPANT, CENTRAL DEPOSITORY SERVICES LIMITED

Regd. Office : 203, Embassy Centre, Nariman Point, Mumbai - 400 021.Tel.: 22828234 Fax : 22842415

Head Off.: Nariman Bhavan, 10th Floor, Vinay K. Shah Marg, Nariman Point, Mumbai - 400 021.Tel.: 66351234, Fax : 66351249

Date :

To,

Dear Sir / Madam,

We thank you for your interest in using the services of LKP Securities Ltd.

You are required to note that the documents of this booklet are mandatory as per the circular numberSEBI/MIRSD/DPS-I/Cir-31/2004 dated August 26, 2004 issued by SEBI.

We are sending herewith the client registration forms required as per SEBI regulations. We kindly request you toread the checklist enclosed on page no. 11 (for individuals) and page no. 15 (for corporates, partnership firms andHUF) and take care of sending the required documents.

Kindly note that a total of 55 signatures are required (34 Full at places marked “X” including one on the photographand 21 initials at places mark “I”), this includes individuals and non-individuals.

Apart from above, please mandatorily sign in the respective Market Segments you wish to trade on (Page No. 7)

Kindly call us for any clarifications or assistance in filling up the form.

With warm regards,

For LKP Securities Ltd.

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CONSTITUENT REGISTRATION APPLICATION FORM - INDIVIDUAL

LKP SECURITIES LTD.Regd. Off.: 203, Embassy Centre, Nariman Point Mumbai - 400 021. Tel.: 22828234

Head Off.: 10th Fir., Nariman Bhavan, Nariman Point, Mumbai - 400 021. Tel.: 66351234Processing Office.: Kanak Bldg., 1st Floor, 41, Chowringhee Road, Kolkata - 700 071,

Clearing Members , Infrastructure Leasing & Financial Services LTDPlot No 14, Rajheja Vihar Chandivali, Andheri East, Mumbai 400072

SEBI INF : 231133630 CLG CODE - C50008Clearing Member Stock Holding Corporation of INdia LTD,

Mittal Court B- Wing 2nd Floor, 224 Nariman Point Mumbai : 400021 . Tel 22830893/22851558SEBI INF : 231133036 CLG CODE - CU812

MEMBERS, NATIONAL STOCK EXCHANGE OF INDIA LTD / BOMBAY STOCK EXCHANGE LTD. NSE . SEBI REGISTRATION NO.: INB/INF 230720030/MAPIN ID - 100000331BSE : SEBI REGISTRATION NO,: INB/INF 010675433 MAPIN ID - 100000349

CDSL SEBI REGISTRATION NO,: IN-DP-CDSL-206-2003

X2PLEASE PASTEPHOTOGRAPH

HERE& SIGN. ACROSS IT

(NO STAPLING)

For Processing Office (To be filled by Broker)

CLIENT CODE :DEALING OFFICE :ORIGINAL DOCUMENTS VERIFIED BY :AUTHORISED BY :

This information is the sole property of the trading member / brokerage house andwould not be disclosed to anyone unless required by law or except with the expresspermission of clients.

Dear Sir,We request you to register us as your client and in this regard the following information is furnished.

TO BE FILLED IN BY THE CONSTITUENTConstituent Name :(As you want on the contract note)

Perment Address / Foreign Address Telephone

Tele:Mobile:Fax:Email:

Tele:Mobile:Fax:Email:

City: Pin Code:

Date of Birth:

Marital Status: Married/Unmarried

Nationality :

Status : Individual / Sole Proprietory Firm

Sex : Male / Female Education

Residential Status: Resident Indian / Non-Resident(NRE / NRO)Foreign National / Others (Please specify)

(All NRI’s PIS is Mandatory)

City: Pin Code:

Correspondace Address: Telephone

7

Please provide details of all bank accounts to avoid any third party or mismatch issues which canresult into delayed transfer of shares purchased by you.

(Please submit a letter from the banker certifying account number / pass book or a copy of latest statement)

MICRName of Bank & Branch Address Account No. Account Type Telephone No. Date of opening A/c

Below Rs.l Lac Rs. 1 Lac to 5 Lac Rs.5Lac. toRs. 10 Lac Rs.10Lac toRs. 25 Lac Above Rs. 25 Lac

Market Value of Portfolio as on :

Income Tax (PAN/GIR No.)

Financial details of the constituent : Income Range (Per Annum) : (3 where applicable)(PLEASE ATTACH PROOF)

LEFT BLANK INTENIONALLY

8

WHETHER REGISTERED WITH ANY OTHER MEMBER (YES/NO) If yes please give detailsNAME OF MEMBER/BROKERNAME OF EXCHANGE

CONSTITUENT CODE NO. TRADING ON : BSE NSE BOTH

ARE YOU A EXISTING CLIENT OF LKP (YES / NO) If yes branch city

Please provide details of all demat accounts to avoid any third party or mismatch issues which canresult into auctions of shares sold by you.

Name of your DPDP ID NO.DP A/c No.Name of your DPDP ID NO.DP A/c No.Name of your DPDP ID NO.DP A/c No.

Telephone of DP: Fax:

Address

Bank CertificateTO WHOMSOEVER IT MAY CONCERN

has an Current / Savings Account No. with us. The Account is in operation from. All the transaction in the said account have been maintained satisfactory.

Name of the Bank / Branch

Address Manager

OCCUPATION DETAILS

Occupation : Employed / Self Employed / Business / Professional / House Wife / Others (Tick whicheveris applicable.)

If employed name of employer

Office address

City __________________Pin Code__________________State____________Country_________________

Telephone No. ___________________________________Fax No. _________________________________

If Self Employed / Business / Professional / Others

Name of the establishment

Office address

City __________________Pin Code ________________State _______________Country_______________

Telephone No. __________________________________Fax No.___________________________________


Address


Address

This is to certify that Mr. / Mrs. / M/s.

9

Investment / Trading Experience

Prior experience : No. of Years in Stocks _______, in Derivatives , in others investment related fields

Market segments you wish to trade on : (Please sign against the respective segment)

BSE CAPITAL X ____________ BSE DERIVATIVES X ____________________ NSE WDM X ______________

NSE CAPITAL X _____________ NSE DERIVATIVES X _____________________NSE MF X _________________

Details of any action taken by SEBI/Stock Exchange/any other authority for violation of securities laws/other economic offence in last 3 yrs.

ReferencesIntroduction : Introduced by another consitutent / director or employee of trading member / any otherperson (please specify) Please attach proof of ID and Address

Name of the Introducer ____________________________________________________________________

Address ________________________________________________________________________________

________________________________________________________________________________________

MAPIN ID NO. of introducer, if any : _________________________Signature _________________________

Name and designation of the employee who interviewed the client :____________(Name)______________

Designation Signature of employee

DECLARATIONI hereby declare that the details furnished above are true and correct to the best of my knowledge and beliefand I undertake to inform you of any changes therein immediately. In case any of the above information isfound to be false or untrue or misleading or misrepresentingI am aware that I may be held liable for it.“

I hereby undertake and declare that member has informed me that they do client based trading as well asProprietory trading.

I hereby confirm that I have taken note of the same and acknowledge the sameName:_________________________________________________

Place :________________________________________________

Date : ________________________________________________

X3 Signature

Notes :1. The Constituent has to use one Constituent Registration Form. In case of joint names/family members pleased

submit separate form for each person. Fill the Constituent Registration Form in full and to be annexed to eachof the Member/Broker and Client/Constituent Agreement.

2. Original documents shall be verified at the time of Submission of the Constituent Registration Form alongwiththe Member/Broker and Client/ Constituent Agreement.

FOR OFFICE USE ONLYCity Date of Enrolment Approved by Dispatch

InformationHandled By

Home Office

10

CHECKLIST FOR NON-INDIVIDUAL

Please take care of the below mentioned issues while sending us the form :

1) Obtain bank certification of bank account or attach photocopy of latest bank statement with name, address,account no mentioned on the form.

2) Get the agreement witnessed by any two witness.

3) Please attach latest proof of Demat Account.

4) Copy of latest share holding pattern including list of all those holding more than 5% in the share capital ofthe company, duly certified by the company secretary / wholetime director / MD. (copy of updatedshareholding pattern to be submitted every year)

5) Photographs of Partners / Whole time directors / Karta individual promoters holding 5% or more, eitherdirectly or indirectly, in the shareholding of the company and of persons authorized to deal in securities.

6) Certified copies of AOA & MOA / partnership deed / trust deed.

7) Names and addresses of all promoters for corporate.

8) Copy of annual reports / balance sheet for last two years if applicable.

9) All director’s/partner’s/trustee’s personal details - Annexute A - with 2 proof of ID. To be filled separately forall directors / partners / trustees to execute the orders.

10) Income tax registration (Copy of Pan Card) of the company / trust / HUF.

11) Latest Networth Certificate.

12) Copies of SARAL - for last two years.

13) Copy of SEB1 - Unique Identification Number Card, if obtained.

14) Certified Copy of resolution of board of directors’ approving participation in equity / derivatives / debt tradingand naming authorised persons for dealing in securities.

15) Format of board resolution (common)


11

NON-INDIVIDUALCLIENT REGISTRATION APPLICATION FORM -

For Processing Office

CLIENT CODE : __________________________ DEALING OFFICE :_______________________________ORIGINAL DOCUMENTS VERIFIED BY : _________________AUTHORISED BY : _____________________

Dear Sir,We request you to register us as your client and in this regard the following information is furnished.

Regd. Office Address: Telephone

City: Pin Code: State:

1)2)3)Fax:Email:

Correspondence Address: Telephone

City: Pin Code: State:

1)Mobile :Fax:Email:

Date of Incorporation : Nature of Business :

Date of commencement of Business: Status: Firm/Partnership/Pvt./Public Ltd/Trust/ H.U.F.

Memorandum and Article of Association Partnership Deed(the items in block are mandatory) Trust Deed

Attach copy as applicable

Details of Promoters / Partners / Key Managerial Personnel of the Company / Firm / Karta : ( As per Annexure - A)

Copies of the Annual Report of last two years : (If company has not completed two financial years of itsoperation, copy of annual report for such completed finanical years.)

TO BE FILLED IN BY THE CONSTITUENTName of the Company / Firm(As mentioned on pan card)

LKP SECURITIES LTD.Regd. Off.: 203, Embassy Centre, Nariman Point Mumbai - 400 021. Tel.: 22828234

Head Off.: 10th Fir., Nariman Bhavan, Nariman Point, Mumbai - 400 021. Tel.: 66351234Processing Office.: Kanak Bldg., 1st Floor, 41, Chowringhee Road, Kolkata - 700 071,

Clearing Members , Infrastructure Leasing & Financial Services LTDPlot No 14, Rajheja Vihar Chandivali, Andheri East, Mumbai 400072

SEBI INF : 231133630 CLG CODE - C50008Clearing Member Stock Holding Corporation of INdia LTD,

Mittal Court B- Wing 2nd Floor, 224 Nariman Point Mumbai : 400021 . Tel 22830893/22851558SEBI INF : 231133036 CLG CODE - CU812

MEMBERS, NATIONAL STOCK EXCHANGE OF INDIA LTD / BOMBAY STOCK EXCHANGE LTD. NSE . SEBI REGISTRATION NO.: INB/INF 230720030/MAPIN ID - 100000331BSE : SEBI REGISTRATION NO,: INB/INF 010675433 MAPIN ID - 100000349

CDSL SEBI REGISTRATION NO,: IN-DP-CDSL-206-2003

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Name of Bank & Branch Addre Account No Account Type Telephone No Date of Opening MICR

Please provide details of all bank accounts to avoid any third party or mismatch issues which canresult into delayed transfer of shares purchased by you.

Net Worth (certified) as on ________________________________(Excluding Revaluation Reserves) :

(Please submit a letter from the banker certifying account number and the period from which this account isin operation)

PAN No of the Company Annual Income of the last two years (Please attach Proof)

1st Year

2nd Year

Market Value of the Portfolio as on________Unique Identification Number :________


13

WHETHER REGISTERED WITH ANY OTHER MEMBER (YES/NO) If yes please give details

NAME OF MEMBER/BROKERNAME OF EXCHANGECLIENT CODE NO. TRADING ON : BSE NSE BOTH

ARE YOU A EXISTING CLIENT OF LKP (YES / NO) If yes branch city

Registration number (with ROC, Sebi or any Government authority)

Names of Promoters / Partners / Karta and residential address

Names of whole time directors and residential address1.Name : Address :

2.Name : Address :

3.Name : Address :

4.Name : Address :

ANY OTHER EXCHANGE PLEASE SPECIFY

1.2.3.

1.2.

1.Name :__________________________________ Address :

2.Name : Address :

3.Name : Address :

4.Name : Address :

Nature of Business

Please provide details of all demat accounts to avoid any third party or mismatch issues which canresult into auctions of shares sold by you.

Name & Address of your DPDP ID NO.DP A/c No.Name & Address of your DPDP ID NO.DP A/c No.


Address


Address

Bank CertificateTO WHOMSOEVER IT MAY CONCERNThis is to certify that M/s. ___________________________________________________________________

has an Current / Savings Account No. with us. The Account is in operation from. All the transactions in the said account have been maintained satisfactorily.

Name of the Bank : BranchAddress Manager

14

FOR OFFICE USE ONLYCity Date of Enrolment Approved by Dispatch

InformationHandled By

Office

We hereby declare that the details furnished above are true and correct to the best of our knowledge andbelief and we undertake to inform you of any changes therein immediately. In case any of the aboveinformation is found to be false or untrue or misleading or misrepresentingwe are aware that we may be held liable for it.

Name: _____________________________________

Place :_____________________________________

Date :______________________________________X4 Signature with stamp of the company

DECLARATION

Name and designation of the employee who interviewed the client : ________________________(Name)

Designation Signature of employee

Introduction : Introduced by another consitutent / director or employee of trading member / any otherperson (please specify) Please attach proof of ID and Address

Name of the Introducer

Address________________________________________________________________________________________________________________

___________________________________________________________________________________________

MAPIN ID NO. of introducer, if any : ____________________Signature______________________________

Details of any action taken by SEBI / Stock Exchange / any other authority against the constituent or itsPartners/Promoter/whole time directors/authorized persons in charge of dealing in securities forviolation of securities laws / other economic offences in last 3 yrs.

Names and Designation of persons authorised to deal in securities on behalf of the company/Firm/Others and theirresidential address.

Market segments you wish to trade on : (Please sign against the respective segment)

Investment / Trading Experience

Prior experience : No. of Years in Stocks , in Derivatives , in others related fields

BSE CAPITAL X _____________BSE DERIVATIVES X _______________ NSE WDM X

NSE CAPITAL X ____________NSE DERIVATIVES X _________________NSE MF X _________________

References

I hereby undertake and declare that member has informed me that they do client based trading as well asProprietory trading.

15

Annexure - A (To be used separately for all Directors / Partners or Karta of HUF)Name :

Designation :

Residential Address & Telephone No. :

Qualification: ____________________________________________________

Experience: ______________________________________________________

EquityStake: _____________________________________________________

IncomeTaxNo.(PAN/GIR)___________________________________________

Please sign acrossthe photograph

LIST OF AUTHORISED SIGNATORIES

Sr no Name of directors Designation Photograph Signatures

1

2

3

4

Name & Signature of Managing Director

Name & Signature of Company Secretary

16

Details of Bank Account

Name & Address of Main Bank

Telephone Nos.

Account No. :

Account Type :

Date of opening A/c :

(Any one of the following proof of identity should be submitted)

Passport No. : Place of Issue : Expiry Date :

Driving License No. :

Ration Card No. :

Voters Identity Card :

Place : Name :

Date : Signature : X5

(Please affix the company / firm / HUF Stamp on this page.)

“I hereby undertake and declare that member has informed me that they do client based trading as well asProprietory trading. I hereby confirm that I have taken note of the same and acknowledge the same


17

MEMBER - CONSTITUENT AGREEMENT

This agreement is made and executed at this day of 20 between LKPSecurities Ltd. a body corporate, registered/incorporated under the provisions of the Companies Act, 1956,.beinga member National Stock Exchange of India Ltd. (hereinafter called “the Exchange”), and having its processingOffice at Kanak Bldg., 1st Floor, 41, Chowringhee Road, Kolkata - 700 071, and having its Registered Office at203, Embassy Centre, Nariman Point, Mumbai - 400 021. (hereinafter called the “stock broker”) which expressionshall unless repugnant to the context or meaning thereof, be deemed to mean and include itself in the capacity ofa trading member while trading in the derivatives segment its, executors, administrators and legal representatives,the survivor or survivors of them and their respective heirs, executors, administrators and legal representatives/its successors, as the case may be, of the One Part;

And

Mr./Ms/M/s. , an individual/a sole proprietory concern/a partnership firm/a body corporate, registered/incorporated, under the provisions of the Indian Partnership Act, 1932 / the CompaniesAct, 1956, having his/her/its residence/registered office at

(hereinaftercalled “the client”) which expression shall, unless repugnant to the context or meaning thereof, be deemed tomean and include his / her heirs, executors, administrators and legal representatives/the partners for the timebeing of the said firm, the survivor or survivors of them and their respective heirs, executors, administrators andlegal representatives/its successors, as the case may be, of the Other Part;

Whereas the Member is registered as the Member of the Exchange with SEBI registration number INB 230720030in the Capital Market Segment and SEBI Registration No.: INF 230720030 in the Futures and Options Segment.

Whereas the Constitutent is desirous of investing/trading in those securities / contracts / other instruments admittedto dealings on the Exchange as defined in the Rules, Byelaws and Regulations of the Exchange and circularsissued thereunder from time to time.

Whereas the Constitutent has satisfied itself of the capacity of the member to deal in securities and/or deal inderivatives contracts and wishes to execute its orders through the member and the Constitutent shall from time totime continue to satisfy itself of such capability of the member before executing orders through the member.

Whereas the member has satisfied and shall continuously satisfy itself about the genuineness and financialsoundness of the Constitutent and investment objectives relevant to the services to be provided; and

Whereas the member has taken steps and shall take steps to make the Constitutent aware of the precise natureof the Member’s liability for business to be conducted, including any limitations, the liability and the capacity inwhich the member acts.

WHEREAS the member and the client agree to be bound by all the Rules, Byelaws and Regulations of theExchange and circulars issued thereunder and Rules and Regulations of SEBI and relevant notifications ofGovernment authorities as may be in force from time to time.

WHEREAS the member, in compliance of NSE circular no. NSE/INVG/PRE/2003/16 and Download No. NSE/INVG/2003/4590 dated 25/11/03, likes to inform the client that they are doing client based business as well asproprietary trading.

Now, therefore, in consideration of the mutual understanding as set forth in this agreement, the parties theretohave agreed to the following terms and conditions :

NSE

I-2

I-1

18

1. The client agrees to immediately notify the stock broker in writing if there is any change in the information in the‘client registration from’ provided by the client to the stock broker at the time of opening of the account or at anytime thereafter.

2. The Stock broker declares that it has brought the contents of the risk disclosure document to the notice of clientand made him aware of the significance of the said document. The client agrees that :

a. He has read and understood the risks involved in trading on the stock exchange.

b. He shall be wholly responsible for all his investment decisions and trades.

c. The failure of the client to understand the risk involved shall not render a contracts as void or voidable andthe client shall be and shall continue to be responsible for all the risks and consequences for entering intotrades in the segments in which the client chose the trade.

d. He is liable to pay applicable initial margins, withholding margins, special margins or such other margins asare considered necessary by the stock broker or the Exchange or as may be directed by SEBI from time totime as applicable to the segment(s) in which the client trades. The stock broker is permitted in its sole andabsolute 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.

e. Payment of margins by the client does not necessarily imply complete satisfaction of all dues. In spite ofconsistently having paid margins, the client may, on the closing of its trade, be obliged to pay (or entitled toreceive such further sums as the contracts may dictate/require.

3. The Client agrees to pay to the stock broker brokerage and statutory levies as are prevailing from time to time andas they apply to the Client’s account, transactions and to the services that stock broker renders to the Client.

4. The stock broker agrees that it shall not charge brokerage more than the maximum brokerage permissible as perthe rules, regulations and bye-laws of the relevant stock exchange/SEBI.

5. The client agrees to abide by the exposure limits, if any, set by the stock broker or by the Exchange or ClearingCorporation or SEBI from time to time.

6. Without prejudice to the stock broker’s other rights (including the right to refer a matter to arbitration), the stockbroker shall be entitled to liquidate/close out all or any of the client’s positions for non-payment of margins orother amounts, outstanding debts, etc. and adjust the proceeds of such liquidation / close out, if any, against theclient’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.

7. The Stock broker agrees 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 forhimself/itself or for any other client or for any purpose other than the purposes mentioned in SEBI Rules andRegulations circulars / guidelines Rules / Regulations / Bye-laws and circulars.

8. The client agrees to immediately furnish information to the stock broker in writing, if any winding up petition orinsolvency petition has been field or any winding up or insolvency order or decree or award is passed againsthim or if any litigation which may have material bearing on his capacity has been field against him.

9. The stock broker agrees to 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 tocompany with such schedules / procedures of the relevant stock exchange.

10. In the event of death or insolvency of the client or his/its otherwise becoming incapable of receiving and payingfor or delivering or transferring securities which the client has ordered to be bought or sold, stock broker mayclose out the transaction of the client and claim losses, if any, against the estate of the client. The client or hissuccessors, heirs and assigns shall be entitled to any surplus which may result there from.

11. The stock broker agrees that it shall co-operate in redressing grievances of the client in respect of transactionsrouted through it and in removing objections for bad delivery of shares, rectification of bad delivery, etc. inrespect of shares and securities delivered/to be delivered or received/to be received by the client.

12. The stock broker shall continue to be responsible for replacing bad deliveries of the client in accordance with

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application “Good & bad delivery norms” even after termination of the agreement and shall be entitled torecover any loss incurred by him in such connection from the client.

13. The stock broker shall ensure due-protection to the client regarding client’s rights to dividends, rights or bonusshares, etc. in respect of transactions routed through it and it shall not do anything which is likely to harm theinterest of the client with whom and for whom it may have had transactions in securities.

14. The client and the stock broker agree to refer any claims and/or disputes to arbitration as per the Rules, Byelawsand Regulations of the Exchange and circulars issued thereunder as may be in force time to time.

15. The stock broker hereby agrees that he shall ensure faster settlement of any arbitration proceedings arising out ofthe transactions entered into between him and the client and that he shall be liable to implement the arbitrationawards made in such proceedings.

16. Information about default in payment/delivery and related aspects by a client shall be brought to the notice of therelevant stock Exchange(s). In case where defaulting client is a corporate entity/partnership/proprietary firm orany other artificial legal entity, then the name(s) of director(s)/ promoter(s)/ partner(s)/proprietor as the case maybe, shall also be communicated to the relevant stock exchange(s).

17. The stock broker and the client agree to reconcile their accounts at the end of each quarter with reference to allthe settlements where payouts have been declared during the quarter.

18. The stock broker and the client agree to abide by any award passed by the Ombudsman under the SEBI(Ombudsman) Regulations, 2003.

19. The stock broker and the client declare and agree that the transactions executed on the Exchange are subject toRules, Byelaws and Regulations and circulars issued thereunder of the Exchange and all parties to such tradeshall have submitted to the jurisdiction of such court as may be specified by the Byelaws and Regulations of theExchange for the purpose of giving effect to the provisions of the Rules, Byelaws and Regulations of the Exchangeand the circulars issued thereunder.

20. The instructions issued by an authorised representative, if any, of the client shall be binding on the client inaccordance with the letter authorizing the said representative to deal on behalf of the said client.

21. Where the Exchange cancels trade(s) suo moto all such trades including the trade/s done on behalf of the clientshall ipso facto stand cancelled.

22. This agreement shall forthwith terminate; if the stock broker for any reason ceases to be a member of the stockexchange including cessation of membership by reason of the stock broker’s default, death, resignation or expulsionor if the certificate issued by the Board is cancelled.

23. The stock broker and the client shall be entitled to terminate this agreement without giving any reasons to theother party, after giving notice in writing of not less than one month to the other parties. Notwithstanding anysuch termination, all rights liabilities and obligations of the parties arising out of or in respect of transactionsentered into prior to the termination of this agreement shall continue to subsist and vest in / be binding on therespective parties or his / its respective heirs, executors, administrators, legal representatives or successors, asthe case may be.

24. In addition to the specific rights set out in this Agreement, the stock broker and the client shall be entitled toexercise any other rights which the stock broker or the client may have under the Rules, Bye-laws and Regulationsof the Exchange and circulars issued thereunder or Rules and Regulations of SEBI.

25. Words and expressions which are used in this Agreement, but which are not defined herein shall, unless thecontext otherwise requires, have the same meaning as assigned thereto in the Rules, Byelaws and Regulations ofthe Exchange and circulars issued thereunder.

26. The provision of this agreement shall always be subject to Government notifications, any rules, regulations,guidelines and circulars issued by SEBI and Rules, Regulations and Bye laws of the relevant stock exchange thatmay be in force from time to time.

27. The stock broker hereby undertakes to maintain the details of the client as mentioned in the client registration

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IN WITNESS THEREOF THE PARTIES TO THE AGREEMENT HAVE CAUSED THESE PRESENTSTO BE EXECUTED AS OF THE DAY AND YEAR FIRST ABOVE WRITTEN.

SIGNED AND DELIVERED )

by the withinnamed Member )

LKP SECURITIES LTD )

by the hand of its authorised )

representative/Director/MD )

Mr. )

in the presence of )

1. )

2. )


by the withinnamed Constituent )


1. )

2. )

Note : All references to the specific quantity / rate / fee mentioned in this agreement are subject to change from timeto time, as so agreed to in writing between the parties.

form or any other information pertaining to the client in confidence and that it shall not disclose the same to anyperson/authority except as required under any law/regulatory requirements, provided however that the stockbroker may so disclose information about its/his client to any person or authority with the express permission ofthe client.

This agreement can be altered, amended and/or modified by the parties mutually in writing without derogatingfrom the contents of this Agreement. Provided however, if the rights and obligations of the parties hereto arealtered by virtue of change in Rules and regulations of SEB1 or Bye-laws, Rules & Regulations of the relevantstock exchange, such changes shall deemed to have been incorporated herein modification of the rights andobligations of the parties mentioned in this agreement.

For LKP SECURITIES LTD.

Authorised Signatory

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BSE

AGREEMENT BETWEEN STOCK BROKER AND CLIENT

This agreement is made and executed at this day of 20 betweenLKP SECURITIES LTD. a body corporate, registered/incorporated under the provisions of the Companies Act,1956, being a member of the Bombay Stock Exchange Ltd. (hereinafter called “the Exchange”), and having itsprocessing Office at Kanak Bldg., 1st Floor, 41, Chowringhee Road, Kolkata - 700 071, and having its RegisteredOffice at 203, Embassy Centre, Nariman Point, Mumbai - 400 021. (hereinafter called the “member”) whichexpression shall unless repugnant to the context or meaning thereof, be deemed to mean and include itself in thecapacity of a trading member while trading in the derivatives segment its, executors, administrators and legalrepresentatives, the survivor or survivors of them and their respective heirs, executors, administrators and legalrepresentatives/its successors, as the case may be, of the One Part;

And

Mr./Ms/M/s. , an individual/a sole proprietary concern/a partnershipfirm/a body corporate, registered/incorporated, under the provisions of the Indian Partnership Act, 1932 / theCompanies Act, 1956, having his/her/its residence/registered office at

(hereinafter called “the client”) which expression shall, unless repugnant to the context or meaning thereof, be deemedto mean and include his / her heirs, executors, administrators and legal representatives/the partners for the time beingof the said firm, the survivor or survivors of them and their respective heirs, executors, administrators and legalrepresentatives/its successors, as the case may be, of the Other Part;

Whereas the Member is registered as the stock broker of the Exchange with SEBI registration number INB 010675433in the Capital Market Segment and SEBI Registration No.: INF 010675433 in the Futures and Options Segment.

Whereas the client is desirous of investing/trading in those securities / contracts / other instruments admitted todealings on the Exchange as defined in the Rules, Byelaws and Regulations of the Exchange and circulars issuedthereunder from time to time.

Whereas the client has satisfied itself of the capacity of the member to deal in securities and/or deal in derivativescontracts and wishes to execute its orders through the member and the client shall from time to time continue to satisfyitself of such capability of the member before executing orders through the stock broker.

Whereas the member has satisfied and shall continuously satisfy itself about the genuineness and financial soundnessof the client and investment objectives relevant tot he services to be provided; and

Whereas the member has taken steps and shall take steps to make the client aware of the precise nature of themember’s liability for business to be conducted, including any limitations, the liability and the capacity in which themember acts.

WHEREAS the member and the client agree to be bound by all the Rules, Byelaws and Regulations of the Exchangeand circulars issued thereunder and Rules and Regulations of SEBI and relevant notifications of Government authoritiesas may be in force from time to time.

Whereas the MEMBER, in compliance of BSE Notice No. 200311125-7, dated 25/11/2003, likes to inform the clientthat they are doing client based business as well as proprietary trading.

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In consideration of the mutual understanding as set forth in this agreement, the parties theretohave agreed to the following terms & conditions.

1. The client agrees to immediately notify the MEMBER in writing if there is any change in the information in the‘client registration form’ provided by the client to the MEMBER at the time of opening of the account or at anytime thereafter.

2. The MEMBER declares that it has brought the contents of the risk disclosure document to the notice of client andmade him aware of the significance of the said document. The client agrees that:

a. He has read and understood the risks involved in trading on the stock exchange.

b. He shall be wholly responsible for all his investment decisions and trades.

c. The failure of the client to understand the risk involved shall not render a contracts as void or voidable andthe client shall be and shall continue to be responsible for all the risks and consequences for entering intotrades in the segments in which the client chose the trade.

d. He is liable to pay applicable initial margins, withholding margins, special margins or such other margins asare considered necessary by the MEMBER or the Exchange or as may be directed by SEBI from time to timeas applicable to the segment(s) in which the client trades. The MEMBER is permitted in its sole and absolutediscretion to collect additional margins (even though not required by the Exchange, Clearing_ House/ClearingCorporation or SEBI) and the client shall be obliged to pay such margins within the stipulated time.

e. Payment of margins by the client does not necessarily imply complete satisfaction of all dues. In spite ofconsistently having paid margins, the client may, on the closing of its trade, be obliged to pay (or entitled toreceive such further sums as the contracts may dictate/require.

3. The Client agrees to pay to the stock broker brokerage and statutory levies as are prevailing from time to time andas they apply to the Client’s account, transactions and to the services that MEMBER renders to the Client.

4. The MEMBER agrees that it shall not charge brokerage more than the maximum brokerage permissible as per therules, regulations and bye-laws of the relevant stock exchange/SEBI.

5. The client agrees to abide by the exposure limits, if any, set by the MEMBER or by the Exchange or ClearingCorporation or SEBI from time to time.

6. Without prejudice to the MEMBER’S other rights (including the right to refer a matter to arbitration), the MEMBERshall be entitled to liquidate/clo.se out all or any of the client’s positions for non-payment of margins or otheramounts, outstanding debts, etc. and adjust the proceeds of such liquidation / close out, if any, against theclient’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.

7. The MEMBER agrees that the money/securities deposited by the client shall be kept in a separate account,distinct from its own account or account of any other client and shall not be used by the MEMBER for itself or forany other client or for any purpose other than the purposes mentioned in SEBI Rules and Regulations circulars/ guidelines Rules / Regulations / Bye-laws and circulars.

8. The client agrees to immediately furnish information to the MEMBER in writing, if any winding up petition orgfinsolvency petition has been field or any winding up or insolvency order or decree or award is passed againsthim or if any litigation which may have material bearing on his capacity has been field against him.

9. The MEMBER agrees to inform the client and keep him apprised about trading/settlement cycles, delivery/paymentschedules, any changes therein from time to time, and it shall be the responsibility in turn of the client to companywith such schedules / procedures of the relevant stock exchange.

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10. In the event of death or insolvency of the client or his/its otherwise becoming incapable of receiving and payingfor or delivering or transferring securities which the client has ordered to be bought or sold, MEMBER may closeout the transaction of the client and claim losses, if any, against the estate of the client. The client or his successors,heirs and assigns shall be entitled to any surplus which may result there from.

11. The MEMBER agrees that it shall co-operate in redressing grievances of the client in respect of transactionsrouted through it and in removing objections for bad delivery of shares, rectification of bad delivery, etc. inrespect of shares and securities delivered/to be delivered or received/to be received by the client.

12. The MEMBER shall continue to be responsible for replacing bad deliveries of the client in accordance withapplications of “Good & bad delivery norms” even after termination of the agreement and shall be entitled torecover any loss incurred by it in such connection from the client.

13. The MEMBER shall ensure due-protection to the client regarding client’s rights to dividends, rights or bonusshares, etc. in respect of transactions routed through it and it shall not do anything which is likely to harm theinterest of the client with whom and for whom it may have had transactions in securities.

14. The client and the MEMBER agree to refer any claims and/or disputes to arbitration as per the Rules, Byelawsand Regulations of the Exchange and circulars issued thereunder as may be in force time to time.

15. The MEMBER hereby agrees that it shall ensure faster settlement of any arbitration proceedings arising out of thetransactions entered into between itself and the client and that he shall be liable to implement the arbitrationawards made in such proceedings.

16. Information about default in payment/delivery and related aspects by a client shall be brought to the notice of therelevant stock Exchange(s). In case where defaulting client is a corporate entity/partnership/proprietary firm orany other artificial legal entity, then the name(s) of director(s)/ promoter(s)/partner(s)/proprietor as the case maybe, shall also be communicated to the relevant stock exchange(s).

17. The MEMBER and the client agree to reconcile their accounts at the end of each quarter with reference to all thesettlements where payouts have been declared during the quarter.

18. The MEMBER and the client agree to abide by any award passed by the Ombudsman under the SEBI(Ombudsman) Regulations, 2003.

19. The MEMBER and the client declare and agree that the transactions executed on the Exchange are subject toRules, Byelaws and Regulations and circulars issued thereunder of the Exchange and all parties to such tradeshall have submitted to the jurisdiction of such court as may be specified by the Byelaws and Regulations of theExchange for the purpose of giving effect to the provisions of the Rules, Byelaws and Regulations of the Exchangeand the circulars issued thereunder.

20. The instructions issued by an authorised representative, if any, of the client shall be binding on the client inaccordance with the letter authorizing the said representative to deal on behalf of the said client.

21. Where the Exchange cancels trade(s) suo moto all such trades including the trade/s done on behalf of the clientshall ipso facto stand cancelled.

22. This agreement shall forthwith terminate; if the MEMBER for any reason ceases to be a member of the stockexchange including cessation of membership by reason of the stock broker’s default, death, resignation or expulsionor if the certificate issued by the Board is cancelled.

23. The MEMBER and the client shall be entitled to terminate this agreement without giving any reasons to the otherparty, after giving notice in writing of not less than one month to the other parties. Notwithstanding any suchtermination, all rights liabilities and obligations of the parties arising out of or in respect of transactions enteredinto prior to the termination of this agreement shall continue to subsist and vest in / be binding on the respectiveparties or his / its respective heirs, executors, administrators, legal representatives or successors, as the case maybe.

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LKP SECURITIES LTD )

by the hand of its authorised


Mr. )


1. )

2. )


by the withinnamed Constituent )


1. )

2. )

Note : All references to the specific quantity / rate / fee mentioned in this agreement are subject to change from timeto time, as so agreed to in writing between the parties.



X7

24. In addition to the specific rights set out in this Agreement, the MEMBER and the client shall be entitled to exerciseany other rights which the MEMBER or the client may have under the Rules, Bye-laws and Regulations of theExchange and circulars issued thereunder or Rules and Regulations of SEBI.


26. The provision of this agreement shall always be subject to Government notifications, any rules, regulations,guidelines and circulars issued by SEBI and Rules, Regulations and Bye laws of the relevant stock exchange thatmay be in force from time to time.

27. The MEMBER hereby undertakes to maintain the details of the client as mentioned in the client registration formor any other information pertaining to the client in confidence and that it shall not disclose the same to anyperson/authority except as required under any law/regulatory requirements, provided however that the MEMBERmay so disclose information about its client to any person or authority with the express permission of the client.

This agreement can be altered, amended and/or modified by the parties mutually in writing without derogatingfrom the contents of this Agreement. Provided however, if the rights and obligations of the parties hereto arealtered by virtue of change in Rules and regulations of SEBI or Bye-laws, Rules & Regulations of the relevantstock exchange, such changes shall deemed to have been incorporated herein modification of the rights andobligations of the parties mentioned in this agreement.

25

TRIPARTITE AGREEMENT BETWEEN MEMBER, SUB-BROKER AND CLIENT

This agreement (hereinafter referred to as “Agreement”) is entered at on this dayof 20 , by and between LKP Securities Ltd. (hereinafter referred as “the member”), a PUBLICLIMITED COMPANY and having its Processing Office at Kanak Bldg., 1st Floor, 41, Chowringhee Road, Kolkata -700 071, and having its Registered Office at 203, Embassy Centre, Nariman Point, Mumbai - 400 021. which expressionshall, unless repugnant to the context or meaning thereof, be deemed to mean and include his/her heirs, executors,administrators and legal representatives/its successors, as the case may be, of the One Part;AND

(name of the sub-broker) (hereinafter referred to as “the sub broker”), an individual/company/Partnership Firm/Trust and having his/its office/registered office at

(address), which expression shall, unless repugnant to the context or meaning thereof, be deemed to mean andinclude his/her heirs, executors, administrators and legal representatives/the partners for the time being of the saidentity, the survivor or survivors of them and their respective heirs, executors, administrators and legal representatives/its successors, as the case may be, of the Second Part;AND

(name of the client of the sub-broker) (hereinafter referred to as “the client”), and Individual/Company/PartnershipFirm/Trust and having his/its residence/office at

which expression shall, unless repugnant to the context or meaning thereof, be deemed to mean and include his/herheirs, executors, administrators and legal representatives/the partners for the time being of the said entity, the survivorsof them and their representative heirs, executors, administrators and legal representatives/its successors, as the casemay be, of the Third Part;WHEREAS1. The member states that it is engaged, in the business of stock broking having membership of National Stock

Exchange of India Ltd., with SEBI registration Number(s) INB 230720030 (Cash Market Segment), (hereinafterreferred to as “the Stock Exchange”).

2. The sub-broker states that:a) The sub broker is recognised by National Stock Exchanges of India Ltd. as a sub-broker affiliated to the stock

broker of the stock exchange with sub-broker SEBI Registration Number(s) INS ......................................b) The sub-broker is not affiliated to any other member of the same stock exchange,c) The sub-broker has the necessary infrastructure like adequate office space, equipment and manpower of effectively

discharge his/its activities.3. The Client is registered with the sub-broker as a client for purpose of availing broking services through the sub-

broker affiliated to the member and is desirous of investing/trading in those securities/contracts/other instrumentsadmitted to dealings on the Exchange as defined in the Rules, Byelaws and Regulations of the Exchange andcirculars issued thereunder from time to time. A copy of the Client Registration from is annexed hereto.

4. Whereas the member has satisfied and shall continuously satisfy itself about the genuineness and financialsoundness of the client and investment objectives relevant to the services to be provided; and

5. Whereas the member has taken steps and shall take steps to make the client aware of the precise nature of themember’s/sub-broker’s liability for business to be conducted, including any limitations, the liability and capacityin which the member/sub broker acts.

6. WHEREAS the member, in compliance of NSE circular no. NSE/INVG/PRE/2003/16 and Download No.NSE/ INVG/2003/4590 dated 25/11/03, likes to inform the client that they are doing client based business aswell as proprietary trading.

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NOW THIS AGREEMENT WITNESSETH AND IT IS HEREBY AGREED BY AND BETWEEN MEMBERSUB-BROKER AND CLIENT AS UNDER :1. The member and sub broker hereby acknowledge and confirm that the sub-broker is affiliated to the member and

that the sub-broker shall within the scope of the authority given under these presents, be entitled to act as a ‘subbroker’ within the meaning and subject to SEB1 (Members and Sub-Brokers) Rules, 1992 and SEBI (Membersand Sub-Brokers) Regulations 1992 (hereinafter referred to as the said “Rules” and “Regulations” respectively)as amended from time to time, for assisting the client in buying, selling or dealing in securities through themember.

2. The member, the sub-broker and the client agree that they shall abide by all the statutory responsibilities andobligations imposed on them by the rules, regulations and / or any other rules or regulations applicable to themember, the sub-brokers and the clients in general either framed by SEBI or by the relevant stock exchangeclearing corporation and/or any Government Circulars.

3. The member and the sub broker declare that they have brought the contents of the risk disclosure document tothe notice of client and made him aware of the significance of the said document. The client agrees that:a. He has read and understood the risks involved in trading on a stock exchange.b. He shall be wholly responsible for all his investment decisions and trades.c. The failure of the client to understand the risk involved shall not render a contract as void or voidable and the

client shall be and shall continue to be responsible for all the risks and consequences for entering into tradesin the segments in which the client chose to trade.

d. He is liable to pay application initial margins, withholding margins, special margins or such other margins asare considered necessary by the member or the Exchange or as may be directed by SEBI from time to time asapplicable for the segment(s) in which the client trades. The member is permitted in its sole and_ absolutediscretion to collect additional margins (even though not required by the Exchange, Clearing House/ ClearingCorporation or SEBI) and the client shall be obliged to pay such margins within the stipulated time.

e. Payment of margins by the client does not necessarily imply complete satisfaction of all dues. In spite ofconsistently having paid margins, the client may, on the closing of its trade, be obliged to pay (or entitled toreceive) such further sums as the contract may dictate/require.

4. The Client agrees to pay to the member brokerage and statutory levies as are prevailing from time to time and asthey apply to the Client’s account, transactions and to the services that member / the sub-broker renders to theClient. The member agrees that it shall not charge brokerage more than the maximum brokerage permissible asper the rules, regulations and byelaws of the relevant stock exchange/SEBI.

5. The member and the sub broker agree that they shall co-operate and help each other in redressing grievances ofthe client in respect of transactions routed through them and in removing objections for bad delivery of shares,rectification of bad delivery, etc. in respect of shares and securities delivered / to be delivered or received/ to bereceived by the clients of sub-broker from the member and vice-versa.

6. The member shall continue to be responsible for replacing bad deliveries of the client in accordance with applicable“Good & bad delivery norms” even after termination of the agreement and shall be entitled to recover any lossincurred by him in such connection from the client.

7. The member agrees that the money/securities deposited by the client shall be kept in a separate account, distinctfrom his/its own account or account of any other client and shall not be used by the member for himself/ itself orfor any other client or for any purpose other than the purposes mentioned in SEBI Rules and Regulations circulars/guidelines/Exchanges Rules/Regulations/Bye-laws and circulars.

8. The member and the sub-broker agree that each of them shall ensure due protection to the client regarding client’srights to dividends, rights or bonus shares, etc. in respect of transactions routed through them and they shall notjointly or severally do anything which is likely to harm the interest of the client with whom and for whom theymay have had transactions in securities.

9. The member agrees to inform the sub-broker/client and keep them apprised about trading/settlement cycles,delivery/payment schedules, any changes therein from time to time, and it shall be the responsibility in turn of thesub-broker/client to comply with such schedules/procedures of the relevant stock exchange.

10. The sub broker will provide assistance to member and client to reconcile their accounts at the end of each quarterwith reference to all the settlements where payouts have been declared during the quarter.

11. The member shall issue, individually for each client of his sub broker, contract notes in the format prescribed therelevant stock exchange. The sub-broker shall render necessary assistance to his client in obtaining contract notefrom the member.

12. The member, the sub-broker and the client agree to abide by any award passed by the Ombudsman under theSEBI (Ombudsman) Regulations, 2003.

13. The client and the member agree to refer any claims and/or disputes to arbitration as per the Rules, ByelawsI-10

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and Regulations of the Exchange and circulars issued thereunder as may be in force from time to time.14. The member and the sub-broker hereby agree that they will assist and cooperate with each other in ensuring

faster settlement of any arbitration proceedings arising out of the transactions entered into between them vis-a-vis the client and they shall be jointly or severally liable to implement the arbitration awards made in suchproceedings. In case of an award against a sub broker, if the sub broker fails to implement the award, themember shall be liable to implement the same and would be entitled to recover the same from the sub broker.”

15. The member and the sub-broker hereby agree that all transactions insecurities on behalf of the clients of thesub-broker shall be settled by delivery and/or payment, between the member and the client in accordance withthe provisions of rules, bye-laws and regulations of the relevant stock exchange on which the transactions tookplace and subject to the procedures for settlement of transactions laid down by the relevant stock exchange fromtime to time.

16. Information about default in payment/delivery and related aspects by a client, including that of a sub broker as aclient shall be brought to the notice of the relevant Stock Exchange (s) by the member. In case where defaultingsub-broker/client is a corporate entity/partnership/proprietary firm or any other artificial legal entity, then thename(s) of director(s)/ promoter(s)/ Partner(s) / proprietor as the case may be, shall also be communicated to therelevant stock exchange (s) by the member.

17. The member, the sub-broker or the client shall be entitled to terminate this agreement without giving any reasonsto the other party, after giving notice in writing of not less than one month to the other parties at their respectiveaddress mentioned below. Notwithstanding any such termination, all rights, liabilities and obligations of theparties arising out of or in respect of transactions entered into prior to the termination of this agreement shallcontinue 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.

18. In the event of sub broker terminating this agreement and/or termination of the agreement with the sub broker bythe member, for any reason whatsoever, the client shall be informed of such termination and the client shall bedeemed to be the direct client of the member and all clauses in the agreement governing the client and membershall continue to be the in force as it is, unless the client intimates to the member his/its intention to terminate theagreement by giving a notice in writing of not less than one month.

19. This agreement shall forthwith terminate,(i) if the member for any reason ceases to be a member of the stock exchange including cessation of the

membership by reason of the member’s default, death, resignation or expulsion or if the certificate issued bythe Board is cancelled;

(ii) upon the 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. Provided however, in such an event, theclient shall be informed of such termination and the client shall be deemed to be the direct client of themember and all clauses in the agreement governing the client and member shall continue to be inforce as it is,unless the client intimate to the member or the member intimates to the client his/its intention to terminate theagreement by giving one month notice in writing.

20. The provisions of this agreement shall always be subject to Government notifications, any rules, regulations,guidelines and circulars issued by SEBI anjd Rules, Regulations and Bye laws of the relevant stock exchange thatmay be in force from time to time.

21. In the event of death or insolvency of the client or his/its otherwise becoming incapable of receiving and payingfor or delivering or transferring securities which the client has ordered to be bought or sold, member may closeout the transactions of the client and claim losses, if any, against the estate of the client. The client or his successors,heirs and assigns shall be entitled to any surplus which may result therefrom.

22. Without prejudice to the member’s other rights (including the right to refer a matter to arbitration), the membershall be entitled to liquidate / close out, if any, against the client’s liabilities / obligations. Any and all losses andfinancial charges on account of such liquidation/closing-out shall be charged to and borne by the client.

23. The member and the client declare and agree that the transactions executed on the Exchange are subject toRules, Byelaws and Regulations and circulars issued thereunder of the Exchange and all parties to such tradeshall have submitted to the jurisdiction of such court as may be specified by the Byelaws and Regulations of theExchange for the purpose of giving effect to the provisions of the Rules, Byelaws and Regulations of the Exchangeand the circulars issued thereunder.

24. Where the Exchange cancels trade (s) suo moto all such trades including the trade/s done on behalf of the clientshall ipso facto stand cancelled, member shall be entitled to cancel the respective contract(s) with client(s).

25. The instructions issued by an authorized representative, if any, of the client shall be binding on the client inaccordance with the letter authorizing the said representative to deal on behalf of the said client.

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26. The client agrees to immediately notify the member/sub broker in writing if there is any change in the informationin the ‘client registration form’ provided by the client to the member/sub broker at the time of opening of theaccount or at any time thereafter.

27. The client agrees to abide by the exposure limits, if any, set by the member or by the Exchange or ClearingCorporation or SEBI from time to time.

28. In addition to the specific rights set out in this Agreement, the member, the sub-broker and the client shall beentitled to exercise any other rights which the member, sub broker or the client may have under the Rules, Byelaws and Regulations of the Exchange and circulars issued thereunder or Rules and Regulations of SEBI.

29. The member and the sub-broker hereby undertake to maintain the details of the client as mentioned in the clientregistration from or any other information pertaining to the client in confidence and that they shall not disclosethe same to any person/authority except as required under any law/regulatory requirements, provided howeverthat the member or sub broker may so disclose information about his client to any person or authority with theexpress permission of the client.

30. The client agrees to immediately furnish information to the member in writing, if any winding up petition ainsolvency petition has been filed or any winding up or insolvency order or decree or award is passed againsthim or if any litigation which may have material bearing on his capacity has been filed against him.

31. Words and expressions which are used in this Agreement, but which are not defined herein shall, unless thecontext otherwise requires, have the same meaning as assigned thereto in the Rules, Byelaws and Regulation ofthe Exchange and circulars issued thereunder.This agreement can be altered, amended and/or modified by the parties mutually in writing without derogatingfrom the contents of this Agreement. Provided however, if the rights and obligations of the parties hereto arealtered by virtue of change in Rules and Regulations of SEBI or Bye-laws, Rules and Regulations of the relevantstock exchange shall be deemed to have been incorporated herein in modification of the rights and obligations ofthe parties mentioned in this agreement.IN WITNESS WHEREOF; the parties hereto have set their hands and signatures on the day, month and year firstabove written Signed for and on behalf of the member, the sub-broker and the client.

Member Sub-broker Client

LKP Securities LimitedMEMBER :National Stock Exchange of India Ltd.SEBI REG. No. : INB 230720030

For LKP Securities Limited


Sign. B

Name :

Witness :

1) Signature

Name :

2) Signature

Name :

Title

SEBI REG. No. :

Address

Sign. S

Name :

Witness :

Signature

Name :

Signature

Name :

Title

Address

Sign. X8

Name :

Witness :

Signature

Name :

Signature

Name :

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BSE

TRIPARTITE AGREEMENT BETWEEN MEMBER, SUB-BROKER AND CLIENT

This agreement (hereinafter referred to as “Agreement”) is entered at on this day of 20, by and between LKP Securities Ltd. (hereinafter referred as “the member”), a PUBLIC LIMITED

COMPANY and having its Processing Office at Kanak Bldg., 1st Floor, 41, Chowringhee Road, Kolkata - 700 071,and having its Registered Office at 203, Embassy Centre, Nariman Point, Mumbai - 400 021. which expressionshall, unless repugnant to the context or meaning thereof, be deemed to mean and include his/her heirs, executors,administrators and legal representatives/its successors, as the case may be, of the One Part;AND

(name of the sub-broker) (hereinafter referred to as “the sub broker”), an individual/company/Partnership Firm/Trust and having his/its office/registered office at

(address), which expression shall, unless repugnant to the context or meaning thereof, be deemed to mean andinclude his/her heirs, executors, administrators and legal representatives/the partners for the time being of the saidentity, the survivor or survivors of them and their respective heirs, executors, administrators and legal representatives/its successors, as the case may be, of the Second Part;

AND

(name of the client of the sub-broker) (hereinafter referred to as “the client”), and Individual/Company/PartnershipFirm/Trust and having his/its residence/office at

which expression shall, unless repugnant to the context or meaning thereof, be deemed to mean and include his/herheirs, executors, administrators and legal representatives/the partners for the time being of the said entity, the survivorsof them and their representative heirs, executors, administrators and legal representatives/its successors, as the casemay be, of the Third Part;

WHEREAS1. The stock broker states that it is engaged, in the business of stock broking and is a Member of Bombay Stock

Exchange Ltd. (hereinafter referred to as “the stock exchange” with SEBI Registration Number(s) INB0106754332. The sub-broker states that :

a) The sub broker is recognised by Bombay Stock Exchange Ltd. as a sub-broker affiliated to the stock brokerof the stock exchange with sub-broker SEBI Registration Number(s) INS ..........................................

b) The sub-broker is not affiliated to any other member of the same stock exchange,c) The sub-broker has the necessary infrastructure like adequate office space, equipment and manpower of

effectively discharge his/its activities.3. The Client is registered with the sub-broker as a client for purpose of availing broking services through the sub-

broker affiliated to the member and is desirous of investing/trading in those securities/contracts/other instrumentsadmitted to dealings on the Exchange as defined in the Rules, Byelaws and Regulations of the Exchange andcirculars issued thereunder from time to time. A copy of the Client Registration from is annexed hereto.

4. Whereas the member has satisfied and shall continuously satisfy itself about the genuineness and financialsoundness of the client and investment objectives relevant to the services to be provided; and

5. Whereas the member has taken steps and shall take steps to make the client aware of the precise nature of themember’s/sub-broker’s liability for business to be conducted, including any limitations, the liability and capacityin which the member/sub broker acts.

6. Whereas the MEMBER, in compliance of BSE Notice No. 200311125-7, dated 25/11/2003, likes to inform theclient that they are doing client based business as well as proprietary trading.

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In consideration of the mutual understanding as set forth in this agreement, the parties theretohave agreed to the following terms & conditions.1. The member and sub broker hereby acknowledge and confirm that the sub-broker is affiliated to the member and

that the sub-broker shall within the scope of the authority given under these presents, be entitled to act as a‘sub-broker’ within the meaning and subject to SEBI (Members and Sub-Brokers) Rules, 1992 and SEBI (Membersand Sub-Brokers) Regulations 1992 (hereinafter referred to as the said “Rules” and “Regulations” respectively)amended from time to time, for assisting the client in buying, selling or dealing in securities through the member.

2. The member, the sub-broker and the client agree that they shall abide by all the statutory responsibilities andobligations imposed on them by the rules, regulations and / or any other rules or regulations applicable to themember, the sub-brokers and the clients in general either framed by SEBI or by the relevant stock exchangeclearing corporation and/or any Government Circulars.

3. The member and the sub broker declare that they have brought the contents of the risk disclosure document tothe notice of client and made him aware of the significance of the said document. The client agrees that :a. He has read and understood the risks involved in trading on a stock exchange.b. He shall be wholly responsible for all his investment decisions and trades.c. The failure of the client to understand the risk involved shall not render a contract as void or voidable and the

client shall be and shall continue to be responsible for all the risks and consequences for entering into trades inthe segments in which the client chose to trade.

d. He is liable to pay applicable initial margins, withholding margins, special margins or such other margins andare considered necessary by the member or the Exchange or as may be directed by SEBI from time to time asapplicable for the segment(s) in which the client trades. The member is permitted in its sole and absolutediscretion to collect additional margins (even though not required by the Exchange, Clearing House/ClearingCorporation or SEBI) and the client shall be obliged to pay such margins within the stipulated time.

e. Payment of margins by the client does not necessarily imply complete satisfaction of all dues. In spite ofconsistently having paid margins, the client may, on the closing of its trade, be obliged to pay (or entitled toreceive) such further sums as the contract may dictate/require.

4. The Client agrees to pay to the member brokerage and statutory levies as are prevailing from time to time and athey apply to the Client’s account, transactions and to the services that member / the sub-broker renders to theClient. The member agrees that it shall not charge brokerage more than the maximum brokerage permissible aper the rules, regulations and byelaws of the relevant stock exchange/SEBI.

5. The member and the sub broker agree that they shall co-operate and help each other in redressing grievances ofthe client in respect of transactions routed through them and in removing objections for bad delivery of shares,rectification of bad delivery, etc. in respect of shares and securities delivered / to be delivered or received/ to bereceived by the clients of sub-broker from the member and vice-versa.

6. The member shall continue to be responsible for replacing bad deliveries of the client in accordance with applicable“Good & bad delivery norms” even after termination of the agreement and shall be entitled to recover any lossincurred by him in such connection from the client.

7. The member agrees that the money/securities deposited by the client shall be kept in a separate account, distinctfrom his/its own account or account of any other client and shall not be used by the member for himself itself orfor any other client or for any purpose other than the purposes mentioned in SEBI Rules and Regulations circulars/guidelines/Exchanges Rules/Regulations/Bye-laws and circulars.

8. The member and the sub-broker agree that each of them shall ensure due protection to the client regardingclient’s rights to dividends, rights or bonus shares, etc. in respect of transactions routed through them and thejshall not jointly or severally do anything which is likely to harm the interest of the client with whom and fci whomthey may have had transactions in securities.

9. The member agrees to inform the sub’broker/client and keep them apprised about trading/settlement cycles,delivery/payment schedules, any changes therein from time to time, and it shall be the responsibility in turn d thesub-broker/client to comply with such schedules/procedures of the relevant stock exchange.

10. The sub broker will provide assistance to member and client to reconcile their accounts at the end of eachquarter with reference to all the settlements where payouts have been declared during the quarter.

11. The member shall issue, individually for each client of his sub broker, contract notes in the format prescribed by,the relevant stock exchange. The sub-broker shall render necessary assistance to his client in obtaining thecontract note from the member.

12. The member, the sub-broker and the client agree to abide by any award passed by the Ombudsman under theSEBI (Ombudsman) Regulations, 2003.

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13. The client and the member agree to refer any claims and/or disputes to arbitration as per the Rules, Byelaws andRegulations of the Exchange and circulars issued thereunder as may be in force from time to time.

14. The member and the sub-broker hereby agree that they will assist and cooperate with each other in ensuring fastersettlement of any arbitration proceedings arising out of the transactions entered into between them vis-a-vis theclient and they shall be jointly or severally liable to implement the arbitration awards made in such proceedings.In case of an award against a sub broker, if the sub broker fails to implement the award, the member shall beliable to implement the same and would be entitled to recover the same from the sub broker.”

15. The member and the sub-broker hereby agree that all transactions insecurities on behalf of the clients of the sub-broker shall be settled by delivery and/or payment, between the member and the client in accordance with theprovisions of rules, bye-laws and regulations of the relevant stock exchange on which the transactions took placeand subject to the procedures for settlement of transactions laid down by the relevant stock exchange from time totime.

16. Information about default in payment/delivery and related aspects by a client, including that of a sub broker as aclient shall be brought to the notice of the relevant Stock Exchange(s) by the member. In case where defaultingsub-broker/client is a corporate entity/partnership/proprietary firm or any other artificial legal entity, then thename(s) of director(s)/ promoter(s)/ Partner(s) / proprietor as the case may be, shall also be communicated to therelevant stock exchange(s) by the member.

17. The member, the sub-broker or the client shall be entitled to terminate this agreement without giving any reasonsto the other party, after giving notice in writing of not less than one month to the other parties at their respectiveaddress mentioned below. Notwithstanding any such termination, all rights, liabilities and obligations of theparties arising out of or in respect of transactions entered into prior to the termination of this agreement shallcontinue 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.

18. In the event of sub broker terminating this agreement and/or termination of the agreement with the sub broker bythe member, for any reason whatsoever, the client shall be informed of such termination and the client shall bedeemed to be the direct client of the member and all clauses in the agreement governing the client and membershall continue to be the in force as it is, unless the client intimates to the member his/its intention to terminate theagreement by giving a notice in writing of not less than one month.

19. This agreement shall forthwith terminate,(i) if the member for any reason ceases to be a member of the stock exchange including cessation of the membership

by reason of the member’s default, death, resignation or expulsion or if the certificate issued by the Board iscancelled;

(ii)upon the 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. Provided however, in such an event, theclient shall be informed of such termination and the client shall be deemed to be the direct client of the memberand all clauses in the agreement governing the client and member shall continue to be inforce as it is, unless theclient intimate to the member or the member intimates to the client his/its intention to terminate the agreementby giving one month notice in writing.

20. The provisions of this agreement shall always be subject to Government notifications, any rules, regulations,guidelines and circulars issued by SEBI and Rules, Regulations and Bye laws of the relevant stock exchange thatmay be in force from time to time.

21. In the event of death or insolvency of the client or his/its otherwise becoming incapable of receiving and paying foror delivering or transferring securities which the client has ordered to be bought or sold, member may close outthe transactions of the client and claim losses, if any, against the estate of the client. The client or his successors,heirs and assigns shall be entitled to any surplus which may result therefrom.

22. Without prejudice to the member’s other rights (including the right to refer a matter to arbitration), the membershall be entitled to liquidate / close out, if any, against the client’s liabilities / obligations. Any and all losses andfinancial charges on account of such liquidation/closing-out shall be charged to and borne by the client.

23. The member and the client declare and agree that the transactions executed on the Exchange are subject to Rules,Byelaws and Regulations and circulars issued thereunder of the Exchange and all parties to such trade shall havesubmitted to the jurisdiction of such court as may be specified by the Byelaws and Regulations of the Exchangefor the purpose of giving effect to the provisions of the Rules, Byelaws and Regulations of the Exchange and thecirculars issued thereunder.

24. Where the Exchange cancels trade(s) suo moto all such trades including the trade/s done on behalf of the clientshall ipso facto stand cancelled, member shall be entitled to cancel the respective contract(s) with client(s).

25. The instructions issued by an authorized representative, if any, of the client shall be binding on the client inaccordance with the letter authorizing the said representative to deal on behalf of the said client.

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Member Sub-broker Client

LKP Securities LimitedMEMBER :Bombay Stock Exchange Ltd.SEBI REG. No. : INB010675433



Sign. B

Name :

Witness :

1) Signature

Name :

2) Signature

Name :

Title

SEBI REG. No. :

Address

Sign. S

Name :

Witness :

Signature

Name :

Signature

Name :

Title

Address

Sign. X9

Name :

Witness :

Signature

Name :

Signature

Name :

26. The client agrees to immediately notify the member/sub broker in writing if there is any change in the informationin the ‘client registration form’ provided by the client to the member/sub broker at the time of opening of theaccount or at any time thereafter.

27. The client agrees to abide by the exposure limits, if any, set by the member or by the Exchange or ClearingCorporation or SEBI from time to time.

28. In addition to the specific rights set out in this Agreement, the member, the sub-broker and the client shall beentitled to exercise any other rights which the member, sub broker or the client may have under the Rules, Bye-laws and Regulations of the Exchange and circulars issued thereunder or Rules and Regulations of SEBI.

29. The member and the sub-broker hereby undertake to maintain the details of the client as mentioned in the clientregistration from or any other information pertaining to the client in confidence and that they shall not disclosethe same to any person/authority except as required under any law/regulatory requirements, provided howeverthat the member or sub broker may so disclose information about his client to any person or authority with theexpress permission of the client.

30. The client agrees to immediately furnish information to the member in writing, if any winding up petition orinsolvency petition has been filed or any winding up or insolvency order or decree or award is passed againsthim or if any litigation which may have material bearing on his capacity has been filed against him.


This agreement can be altered, amended and/or modified by the parties mutually in writing without derogating fromthe contents of this Agreement. Provided however, if the rights and obligations of the parties hereto are altered byvirtue of change in Rules and Regulations of SEBI or Bye-laws, Rules and Regulations of the relevant stock-exchangeshall be deemed to have been incorporated herein in modification of the rights and obligations of the parties mentionedin this agreement.IN WITNESS WHEREOE the parties hereto have set their hands and signatures on the day, month and year firstabove written Signed for and on behalf of the member, the sub-broker and the client. \

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Risk Disclosure DocumentMembers Name (Cash Segment) : LKP Securities Ltd.NSE SEBI Registration No. (Cash Segment) : INB 230720030Trading Member (derivatives) : LKP Securities Ltd.Trading Member’s SEBI : INF 230720030registration number (derivatives)Members Name (Cash Segment) : LKP SECURITIES LTD.BSE SEBI Registration No. (Cash Segment) : INB 010675433Trading Member (derivatives) : LKP SECURITIES LTD.Trading Member’s SEBI : INF 010675433registration number (derivatives)Names of Designated Directors : Mr. Hitesh Doshi

Mr. Dinesh WaghelaMr. Mahendra V. Doshi

COMBINED RISK DISCLOSURE DOCUMENT FOR CAPITAL MARKET AND F&O SEGMENTSThis document is issued by the member of the National Stock Exchange of India (hereinafter referred to as “NSE”)& Bombay Stock Exchange Ltd. (hereinafter referred to as “BSE”) which has been formulated by the Exchangesin coordination with the Securities and Exchange Board of India (hereinafter referred to as “SEBI”) and containsimportant information on trading in Equities and F&O Segments of NSE / BSE. All prospective constituents shouldread this document before trading on Capital Market or F&O segments of the Exchanges.NSE / BSE/SEBI does neither singly or jointly and expressly nor impliedly guarantee nor make any representationconcerning the completeness, the adequacy or accuracy of this disclosure document nor has NSE / BSE/SEBI endorsedor passed any merits of participating in the trading segments. This brief statement does not disclose all the risks andother significant aspects of trading.In the light of the risks involved, you should undertake transactions only if you understand the nature of the contractualrelationship into which you are entering and the extent of your exposure to risk.You must know and appreciate that investment in Equity shares, derivative or other instruments traded on the StockExchange (s), which have varying element of risk, is generally not an appropriate avenue for someone of limitedresources/limited investment and/or trading experience and low risk tolerance. You should therefore carefully considerwhether such trading is suitable for you in the light of your financial condition. In case you trade on NSE / BSE andsuffer adverse consequences or loss, you shall be solely responsible for the same and NSE / BSE, its Clearing Corporation/Clearing House and/or SEBI shall not be responsible, in any manner whatsoever, for the same and it will not be openfor you to take a plea that no adequate disclosure regarding the risks involved was made or that you were notexplained the full risk involved by the concerned member. The constituent shall be solely responsible for the consequencesand no contract can be rescinded on that account. You must acknowledge and accept that there can be no guaranteeof profits or no exception from losses while executing orders for purchase and/or sale of a security or derivative beingtraded on NSE / BSE.It must be clearly understood by you that your dealings on NSE / BSE through a member shall be subject to yourfulfilling certain formalities set out by the member, which may interalia include your filling the know your client form,client registration form, execution of an agreement, etc., and are subject to the Rules, Byelaws and Regulations ofNSE / BSE and its Clearing Corporation, guidelines prescribed by SEBI and in force from time to time and Circularsas may be issued by NSE / BSE or its Clearing Corporation/Clearing House and in force from time to time.NSE/BSE does not provide or purport to provide any advice and shall not be liable to any person who enters into anybusiness relationship with any trading member and/or sub-broker of NSE / BSE and/or any third party based on anyinformation contained in this document. Any information contained in this document must not be construed

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as business advice/investment advice. No consideration to trade should be made without thoroughly understandingand reviewing the risks involved in such trading. If you are unsure, you must seek professional advice on the same. Inconsidering whether to trade or authorize someone to trade for you, you should be aware of or must get acquaintedwith the following:-

1 . BASIC RISKS INVOVLED IN TRADING ON THE STOCK EXCHANGE (EQU11 OTHERINSTRUMENTS)

1.1 Risk of Higher Volatility:Volatility refers to the dynamic changes in price that securities undergo when trading activity continues, theStock Exchangesd. Generally, higher the volatility of a security/contract, greater is its price swir% There maybe normally greater volatility in thinly traded securities/contracts than in active securities contracts. As aresult of volatility, your order may only be partially executed or not executed at all, or th price at which yourorder 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 /contracts expeditiously at acompetitive price and with minimal price difference. Generally, it is assumed that more the numbers a ordersavailable in a market, greater is the liquidity. Liquidity is important because with greater liquidity, it is easierfor investors to buy and/or sell securities / contracts swiftly and with minimal price difference, and as a result,investors are more likely to pay or receive a competitive price for securities / contract purchased or sold.There may be a risk of lower liquidity in some securities / contracts as compared to— active securities /contracts. As a result, your order may only be partially executed, or may be executed with relatively greaterprice difference or may not be executed at all.

1.2.1 Buying/selling without intention of giving and/or taking delivery of a security, as part of a day trading strategy,may also result into losses, because in such a situation, stocks may have to be sold/purchased at a low/highprices, compared to the expected price levels, so as not to have any obligation to deliver/receive a security.

1.3 Risk of Wider Spreads:Spread refers to the difference in best buy price and best sell price. It represents the differential between theprice of buying a security and immediately selling it or vice versa. Lower liquidity and higher volatility mayresult in wider than normal spreads for less liquid or illiquid securities / contracts. This in turn will hamperbetter price formation.

1.4 Risk-reducing orders:Most Exchanges have a facility for investors to place “limit orders”, “stop loss orders” etc”. The placing ofsuch orders (e.g., “stop loss” orders, or “limit” orders) which are intended to limit losses to certain amountsmay not be effective many a time because rapid movement in market conditions may make it impossible toexecute such orders.

1.4.1 A “market” order will be executed promptly, subject to availability of orders on opposite side, without regardto price and that, while the customer may receive a prompt execution of a “market” order, the execution maybe at available prices of outstanding orders, which satisfy the order quantity, on price time priority. It may beunderstood that these prices may be significantly different from the last traded price or the best price in thatsecurity.

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 / contract, and such orderr getsactivated if and when the stock / contract reaches, or trades through, the stop price. Sell stop orders-areentered ordinarily below the current price, and buy stop orders are entered ordinarily above the current;price. When the stock reaches the pre-determined price, or trades through such price, the stop loss order1

converts to a market/limit order and is executed at the limit or better. There is no assurance therefore that; thelimit order will be executable since a stock / contract might penetrate the pre-determined price, in; whichcase, the risk of such order not getting executed arises, just as with a regular limit order.

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1.5 Risk of News Announcements:Issuers make news announcements that may impact the price of the securities / contracts. Theseannouncements 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 ihe security / contract.

1.6 Risk of Rumours:Rumours about companies at times float in the market through word of mouth, newspapers, websites ornews agencies, etc. The investors should be wary of and should desist from acting on rumours.

1.7 System Risk:High volume trading will frequently occur at the market opening and before market close. Such high volumesmay 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 orprices 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 areasonable price or at all, when there are no outstanding orders either on the buy side or the sell side, or iftrading is halted in a security due to any action on account of unusual trading activity or stock hitting circuitfilters or for any other reason.

1.8 System/Network Congestion:Trading on NSE / BSE is in electronic mode, based on satellite/leased line based communications, combinationof technologies and computer systems to place and route orders. Thus, there exists a possibility ofcommunication failure or system problems or slow or delayed response from system or trading halt, or anysuch other problem/glitch whereby not being able to establish access to the trading system/network, whichmay be beyond the control of and may result in delay in processing or not processing buy or sell orders eitherin part or in full. You are cautioned to note that although these problems may be temporary in nature, butwhen you have outstanding open positions or unexecuted orders, these represent a risk because of yourobligations to settle all executed transactions.

2 . As far as Futures and Options segment is concerned, please note and get yourself acquainted with the followingadditional features:-

2.1 Effect of “Leverage” or “Gearing”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 ofgreat profit or loss in comparison with the principal investment amount. But transactions in derivatives carrya high degree of risk.You should therefore completely understand the following statements before actually trading in derivativestrading and also trade with caution while taking into account one’s circumstances, financial resources, etc. Ifthe prices move against you, you may lose a part of or whole margin equivalent to the principal investmentamount in a relatively short period of time. Moreover, the loss may exceed the original margin amount.

A. Futures trading involves daily settlement of all positions. Every day the open positions are marked to marketbased on the closing level of the index. If the index has moved against you, you will be required to deposit theamount of loss (notional) resulting from such movement. This margin will have to be paid within a stipulatedtime frame, generally before commencement of trading next day.

B. If you fail to deposit the additional margin by the deadline or if an outstanding debt occurs in your account,the broker/member may liquidate a part of or the whole position or substitute securities. In this case, you willbe 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. Forexample, this situation can occur due to factors such as illiquidity i.e. when there are insufficient bids oroffers or suspension of trading due to price limit or circuit breakers etc.

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D. In order to maintain market stability, the following steps may be adopted: changes in the margin rateincreases in the cash margin rate or others. These new measures may also be applied to the existingopen 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 the derivatives contracts you plan to trade i.e thecontract specifications and the associated obligations.

2.2. Risk of Option holders1. An option holder runs the risk of losing the entire amount paid for the option in a relatively short pety time.

This risk reflects the nature of an option as a wasting asset which becomes worthless when it expv Anoption holder who neither sells his option in the secondary market nor exercises it prior to its expirak willnecessarily lose his entire investment in the option. If the price of the underlying does not change in thanticipated direction before the option expires to an extent sufficient to cover the cost of the option, theinvestor may lose all or a significant part of his investment in the option.

2. The Exchange may impose exercise restrictions and have absolute authority to restrict the exercise ofoptions at certain times in specified circumstances.

2.3 Risks of Option Writers1. 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 underlyinginterest and thereby assuming a spread position or by acquiring other types of hedging positions in theoptions markets or other markets. However, even where the writer has assumed a spread or otherhedging position, the risks may still be significant. A spread position is not necessarily less risky than asimple ‘long’ or ‘short’ position

3. Transactions that involve buying and writing multiple options in combination, or buying or writing options incombination with buying or selling short the underlying interests, present additional risks to investors.Combination transactions, such as option spreads, are more complex than buying or writing a singleoption. And it should be further noted that, as in any area of investing, a complexity not well understood is,in itself, a risk factor. Whik this is not to suggest that combination strategies should not be considered, itis advisable, as is the case with aS investments in options, to consult with someone who is experiencedand knowledgeable with respect to i risks and potential rewards of combination transactions under variousmarket circumstances.

3. GENERAL3.1 Commission and other charges

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

3.2 Deposited cash and propertyYou should familiarise yourself with the protections accorded to the money or other property you particularlyin the event of a firm insolvency or bankruptcy. The extent to which you may recover your mone orproperty may be governed by specific legislation or local rules. In some jurisdictions, property which habeen specifically identifiable as your own will be pro-rated in the same manner as cash for purposesdistribution in the event of a shortfall. In case of any dispute with the member, the same shall be subjectarbitration as per the byelaws/regulations of the Exchange.

3.3 For rights and obligations of the clients, please refer to Annexure-1 enclosed with this document.

3.4 The term ‘constituent’ shall mean and include a client, a customer or an investor, who deals with memberfor the purpose of acquiring and/or selling of securities through the mechanism provided by NSE / BSE.

3.5 The term ‘member’ shall mean and include a trading member, a broker or a stock broker, who has beenadmitted as such by NSE/BSE and who holds a registration certificate as a stock broker from SEBI.

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ANNEXURE-1

INVESTORS’ RIGHTS AND OBLIGATIONS:

1.1 You should familiarise yourself with the protection accorded to the money or other property you may depositwith your member, particularly in the event of a default in the stock market or the broking firm’s insolvency orbankruptcy.

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

1.1.2 Further, it may be noted that the extent to which youmay recover such money or property may be governed bythe Bye-laws and Regulations of NSE / BSE and the scheme of the Investors’ Protection Fund in force fromtime to time.

1.1.3 Any dispute with the member with respect to deposits, margin money, etc., and producing an appropriateproof thereof, shall be subject to arbitration as per the Rules, Byelaws/Regulations of NSE / BSE or itsClearing Corporation / Clearing House.

1.2 Before you begin to trade, you should obtain a clear idea from your member of all brokerage, commissions,fees and other charges which will be levied on you for trading. These charges will affect your net cash inflowor outflow.

1.3 You should exercise due diligence and comply with the following requirements of the NSE / BSE and/or SEBI:

1.3.1 Please deal only with and through SEBI registered members of the Stock Exchange and are enabled to tradeon the Exchange. All SEBI registered members are given a registration no., which may be verified from SEBI.The details of all members of NSE / BSE and whether they are enabled to trade may be verified from NSE /BSE websites (www.nseindia.com / www.bseindia.com).

1.3.2 Demand any such information, details and documents from the member, for the purpose of verification, asyou may find it necessary to satisfy yourself about his credentials.

1.3.3 Furnish all such details in full as are required by the member as required in “Know Your Client” form, whichmay also include details of PAN or Passport or Driving Licence or Voters Id, or Ration Card, bank accountand depository account, or any such details made mandatory by SEBI/NSE / BSE at any time, as is availablewith the investor.

1.3.4 Execute a broker-client agreement in the form prescribed by SEBI and/or the Relevant Authority of NSE /BSE or its Clearing Corporation / Clearing House from time to time, because this may be useful as a proof ofyour dealing arrangements with the member.

1.3.5 Give any order for buy or sell of a security in writing or in such form or manner, as may be mutually agreed.Giving instructions in writing’ensures that you have proof of your intent, in case of disputes with the member.

1.3.6 Ensure that a contract note is issued to you by the member which contains minute records of every transaction.Verify that the contract note contains details of order no., trade number, trade time, trade price, trade quantity,name of security, client code allotted to you and showing the brokerage separately. Contract notes are requiredto be given/sent by the member to the investors latest on the next working day of the trade. Contract note canbe issued by the member either in electronic form using digital signature as required, or in hard copy. In caseyou do not receive a contract note on the next working day or at a mutually agreed time, please get in touchwith the Investors Grievance Cell of NSE / BSE, without delaying.

1.3.7 Facility of Trade Verification is available on NSE/BSE websites (www.nseindia.com/www.bseindia.com).,where details of trade as mentioned in the contract note may be verified from the trade date upto five tradingdays. Where trade details on the website, do not tally with the details mentioned in the contract note, immediatelyget in touch with the Investors Grievance Cell of NSE / BSE.

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1.3.8 Ensure that payment/delivery of securities against settlement is given to the concerned member within oneworking day prior to the date of pay-in announced by NSE / BSE or it’s Clearing Corpora House. Paymentsshould be made only by account payee cheque in favour of the firm/company of the trading member and areceipt or acknowledgement towards what such payment is made be obtained from the member. Delivery ofsecurities is made to the pool account of the member rather to beneficiary account of the member.

1.3.9 In case pay-out of money and/or securities is not received on the next working day after date of pay-outannounced by NSE / BSE or its Clearing Corporation / Clearing House, please follow-up with the concernedmember for its release. In case pay-out is not released as above from the member within five work days,ensure that you lodge a complaint immediately with the Investors’ Grievance Cell of NSE / BSE.

1.3.10 Every member is required to send a complete ‘Statement of Accounts’, for both funds and securitie settlementto each of its constituents, at such periodicity as may be prescribed by time to time. You shoul report errors,if any, in the Statement immediately, but not later than 30 calendar days of receipt thered to the member. Incase the error is not rectified or there is a dispute, ensure that you refer such matter ti the Investors GrievanceCell of NSE / BSE, without delaying.

1.3.11 In case of a complaint against a member/registered sub-broker, you should address the complaint to theOffices of NSE/BSE as may be specified from time to time.

1.4 In case where a member surrenders his membership, NSE / BSE gives a public notice inviting claims, i any,from investors. In case of a claim, relating to “transactions executed on the trading system” of NSE / BSE,ensure that you lodge a claim with NSE / BSE/NSCCL-Clearing House within the stipulated period andwith the supporting documents.

1.5 In case where a member is expelled from trading membership or declared a defaulter, NSE / BSE givesa public notice inviting claims, if any, from investors. In case of a claim, relating to “transactions executedon the trading system” of NSE / BSE, ensure that you lodge a claim with NSE / BSE within the stipulatedperiod and with the supporting documents.

1.6 Claims against a defaulter/expelled member found to be valid as prescribed in the relevant Rules/Bye-laws and the scheme under the Investors’ Protection Fund (IPF) may be payable first out of the amountvested in the Committee for Settlement of Claims against Defaulters, on pro-rata basis if the amount isinadequate. The balance amount of claims, if any, to a maximum amount of Rs.10 lakhs per investorclaim, per defaulter/expelled member may be payable subject to such claims being found payable underthe scheme of the IPF

Notes:1. The term ‘constituent’ shall mean and include a client, a customer or an investor, who deals with a trading

member of NSE / BSE for the purpose of acquiring and / or selling of securities through the mechanismprovided by NSE / BSE.

2. The term ‘member’ shall mean and include a member or a broker or a stock broker, who has been admittedas such by NSE / BSE and who holds a registration certificate as a stock broker from SEBI.

I hereby acknowledge that I have received and understood this risk disclosure document & Annexure -1 containinmy rights & obligations.

Signature :

Name of the constituent :

Address :

Date :

Place :

X10

39

Policies and Procedures related to Risk Management & Controls(mandatory document)

a. Refusal of orders for "Penny Stocks"Although, the term "Penny Stock" has not been defined by BSE / NSE or any other stock exchange or by SEBI, a"Penny Stock" generally refers to a stock which has following characteristics:

Has small market capitalization;Trades at a price less than its face value;Has unsound fundamentals;Is illiquid

(A list of illiquid securities is jointly released by NSE and BSE from time to time.)

LKP Securities Ltd recognizes that it is the client's privilege to choose shares in which he / she would like to trade.However, LKP Securities Ltd likes to pay special attention to dealing in "Penny Stocks". To this end:

LKP Securities Ltd may refuse to execute any client's orders in "Penny Stocks" without assigning any reasonfor the same.Any large order for purchase or sale of a "Penny Stock" should be referred to Head - Dealing before suchorders can be put in the market for execution.Clients must ensure that trading in "Penny Stock" does not result in creation of artificial volume or false ormisleading appearance of trading. Further, clients should ensure that trading in "Penny Stock" does notoperate as a device to inflate or depress or cause fluctuations in the price of such stock.Clients are expected not to place orders in "Penny Stocks" at prices which are substantially different from theprevailing market prices. Any such order is liable to be rejected at the sole discretion of LKP Securities Ltd.In case of sale of "Penny Stocks", clients should ensure the delivery of shares to LKP Securities Ltd beforethe pay-in date.

b. Setting up client's exposure limitExposure limit for each client is determined by the Risk Management Department based on client's net worthinformation, client's financial capacity, prevailing market conditions and margin deposited by client in the formof funds / securities with LKP Securities Ltd .These limits may be set exchange-wise, segment-wise, andscrip-wise.The limits are determined by Risk Management Department based on the above criteria and the paymenthistory of the client in consultation with Sales / Sales traders.LKP Securities Ltd retains the discretion to set and modify, from time to time, any client's exposure limitdecided as above.Whenever any client has taken or wants to take exposure in any security, LKP Securities Ltd may call forappropriate margins in the form of early pay-in of shares or funds before or after execution of trades in theCash segment. In case of any margin shortfall, the clients will be told to reduce the position immediately orthey will be requested to deposit extra margin to meet the shortfall. Otherwise, LKP Securities Ltd mayrefuse to trade on behalf of such client at its own discretion.

c. Applicable brokerage rateBrokerage Rate is mutually decided between the LKP Securities Ltd and each client based on client's networth, expected trading volume, etc. The maximum brokerage chargeable will not exceed the rates prescribedby SEBI and the exchanges.The applicable brokerage rate will be mentioned in the Client registration form and any change in the brokeragerate in future will be communicated to the client.

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d. Imposition of penalty / delayed payment charges by either party, specifying the rate and the periodPenalty and other charges levied by Exchanges pertaining to trading of the client shall be recovered fromthe respective client.If there is delay on the part of the client in satisfying his / her margin obligation or settlement obligation thenLKP Securities Ltd shall levy delayed payment charges at the rate of 12% p.a. on such shortfall for theperiod of delay on such client. LKP Securities Ltd shall recover such delayed payment charges from theclient by debiting the client's account.No interest or charges will be paid by LKP Securities Ltd to any client in respect of retention of funds orsecurities towards meeting future settlement obligations and in respect of running account authorizations.

e. Right to sell clients' securities or close clients' positions, without giving notice to the client, on account of non-payment of client's dues

LKP Securities Ltd has the right to close out / liquidate or square off any open position of the client (limitedto the extent of settlement / margin obligation), without giving any prior notice, all or any of the client'spositions as well as securities / collaterals placed as margins for non-payment of margin or other amountsdue from such client in respect of settlement or any other dues that are recoverable from the client by LKPSecurities Ltd. The proceeds of the same shall be adjusted against the client's liabilities / obligations. Anyloss or financial charges on account of such close-out / liquidation shall be debited to the client's account.

f. Shortages in obligations arising out of internal netting of tradesIn case of shortage in meeting the settlement obligation, either party shall endeavor to make good suchshortage through securities / value of shortage as per the Rules, Regulations and Bye-laws of the respectivestock exchange. LKP Securities Ltd has an existing policy in handling internal shortages, which is heretoannexed as Annexure A

g. Conditions under which a client may not be allowed to take further position or the broker may close the existing position of the client

LKP Securities Ltd shall have absolute discretion and authority to limit client's volume of business or toclose any existing position of a client without giving any prior notice to the client under following conditions:Extreme volatility in the market or in particular scrip or in the F&O segment.There is shortfall in the margin deposited by client with LKP Securities LtdThere is insider trading restrictions on the client.There are any unforeseen adverse market conditions or any natural calamity affecting the operation of themarket.There are any restrictions imposed by Exchange or Regulator on the volume of trading outstanding positionsof contracts.The client is undertaking any illegal trading practice or the client is suspected to be indulging in moneylaundering activities.LKP Securities Ltd has reached its limit in that script.The client has breached the client-wise limit.The client has taken or intends to take new position in a security which is in the banned period.Due to abnormal rise or fall in the market, the markets are closed.

h. Temporarily suspending or closing a client's account based on the client's request:Any client desirous of temporarily suspending his or her trading account has to give such request inwriting to the management. After management's approval, further dealing in such client's account will beblocked. Whenever trade has to be resumed in any suspended client account, a request in writing shouldbe made by the client to the management and the management may ask for updated financial informationand other details for reactivating such account. After receiving necessary documents, details, etc. andapproval from the management, the client account will be reactivated and transaction will becarried out.

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Similarly, any client desirous of closing his / her account permanently is required to inform in writing and thedecision in this regard will be taken by the management. After necessary approval from the management, theclient code will be deactivated. Only after scrutinizing the compliance requirements and a "no pending queries"confirmation is taken, securities and funds accounts will be settled.

i. Deregistering a ClientLKP Securities Ltd may, at its absolute discretion, decide to deregister a particular client. The illustrativecircumstances under which LKP Securities Ltd may deregister a client are given below:

SEBI or any other regulatory body has passed an order against such client, prohibiting or suspending suchclient from participating in the securities market.Such client has been indicted by a regulatory body or any government enforcement agency in case of marketmanipulation or insider trading or any other case involving violation of any law, rule, regulation, guideline orcircular governing securities market.Such client is suspected of indulging in illegal or criminal activities including fraud or money laundering.Such client's name appears in the UN list of prohibited entities or in the SEBI debarred list.Such client's account has been lying dormant for a long time or the client is not traceable.Such client has been declared insolvent or any legal proceedings to declare him / her as insolvent have beeninitiated.Such client has been irregular in fulfilling obligations towards margin or settlement dues.Such client has a tainted reputation and any business relationship with such clients is likely to tarnish thereputation of LKP Securities Ltd or may act as detriment to LKP Securities Ltd prospects.

Note-“I understand that the policies are subject to change from time to time and I shall regularly keep my selfupdated as per your policies which are being displayed on the website.”

X11

Name & signature of the client

Date :

42

INTERNAL SHORTAGE HANDLING \ BUY IN PROCEDURE ANNEXURE A

THE SAID PROCEDURE IS ADHERED TO WHENEVER THERE IS AN INTERNAL SHORTAGE IN A SCRIP INTHE SAME SETTLEMENT I.E. BUYER AND SELLER BOTH ARE LKP CLIENTS AND SELLER HAS NOTDELIVERED.

The member will purchase the shares on the pay out day of the purchase settlement (shortage) and the rate at whichthe purchases are made will be the price considered for accounting effects.

Let’s consider an example,

In Settlement No. 001

Client Vijay has purchased 100 Infosys Tech @ Rs. 1775.00Client Mayur has sold 100 Infosys Tech @ Rs. 1760.00

Now Mayur has not given delivery of shares and Vijay did not receive shares (due to internal shortage).

In Settlement No. 003 (pay out day of settlement 001), HO will again purchase 100 shares of Infosys Tech in Vijay’sA\c@ Rs. 1730.00

So here Mayur will be debited and Vijay will be credited @ Rs. 1730.00 plus 1% penalty.

The rate at which the shares are re-purchased plus penalty of 1% will be taken into consideration for debit / credit tothe seller/buyer respectively.

In case the member is not in a position to purchase the shares as stated above due to the shares on the upper circuitfilter on the scheduled buy-in day or any surveillance related action of exchanges, the shortages would be closed outat the standard rate / valuation price of the concerned scrip in the actual settlement plus 20%.

The client acknowledges that he will be sole responsible for auctions in case he sells the shares, in subsequent settlementsand internal shortage procedure being not initiated or close out affected, which are short due to the aforesaid internalshortage.

THE SHARES HAVE TO BE PURCHASED IN THE BUYERS ACCOUNT ONLY TO AVOID THIRDPARTY VIOLATIONS OF SEBI. IN THE ABOVE EXAMPLE, IF SHARES ARE PURCHASED INMAYUR’S ACCOUNT AND TRANSFERRED TO VIJAY’S ACCOUNT IT WILL TANTAMOUNT TO3RD PARTY DEALINGS.

X12

Name & signature of the client

Date :

43

Note on Prevention for Anti Money Laundering (PMLA rules 2002)

The Prevention of Money Laundering Act, 2002 (PMLA) was brought into force with effect from 1st July 2005.Necessary Notifications / Rules under the said Act were published in the Gazette of India on July 01, 2005 by SEBI.

The PMLA guidelines requires all intermediaries to adhere to these guidelines and try and implement the requirementswhile dealing for their clients apart from the stringent client identifications. Some of the other requirements are asgiven hereafter :

RISK CATEGORIZATION OF CLIENTS :

High Risk Clients :

1. Trust accounts2. Clients who are refusing to provide their financials details / source of income.3. Non - Individual Clients having close family shareholdings i.e. less than 5 shareholders or if a single person

shareholding is more 75% of the total shares.4. Loss making Non- Individual clients or if reserves and surplus balance is less than Rs. 5 lac.5. Clients against whom any action has been taken by SEBI/Stock Exchange or any other regulatory authority.6. Corporate / Partnership Firms / any other entities with track record of less than 2 years.7. Individual clients whose employer is a politician, income tax / custom department / any other govemmenl

department.8. NRI clients9. Corporate clients not disclosing the identity, address of Directors, not giving financial statements.10. Clients residing in highly sensitive areas. For example, naxalite

regions, areas where dealing in narcotic drugs, immoral traffic, corruption, etc is highly predominant. Thi: includesperson residing in UAE, Chandrapur (India), Kashmir (India), Leh-Ladakh, Pakistan, Kuwait, Irar & Iraq,Bangaladesh.

11. Client having bank account with countries where secrecy of the account is maintained.

Medium Risk Clients :

1. Individuals whose annual income ranges for last three years is Rs. 25,00,000 and above and who have ncsubmitted any financial documents.

2. Client whose account is operated by PQA holder other than LKP.3. Clients who has given trading authorization in some other person’s name, (excluding sub broker)4. House wife Accounts5. Clients who have not given the nature of business or nature of business are lending, investment, finana credit etc.

Low Risk Clients :

All clients not meeting the above criterions are low risk clients.

EXAMPLES OF REASON FOR SUSPICION AND OF SUSPICIOUS TRANSACTIONS

The examples given herein below have been structured around the business processes within our industry. The 1 ofexamples is not exhaustive. The examples below should be read in the context of the particular transaction.

The regular monitoring of all customers — both new and longstanding — must include consideration of wheth accountsare being used for questionable purposes.

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While it is impossible to list all the transactions or circumstances that might raise a suspicion of money laundering, the following questions should be closely considered:

Is the customer willing to accept uneconomic terms without apparent reason?Is the transaction inconsistent with legitimate business activity?Is the transaction inconsistent with the normal pattern of the customer’s activity?Is the transaction inconsistent with the customer’s account-opening documents?Has the customer requested that the transaction be cleared in a way that is inconsistent with normal practice?Has the customer received wire transfers from, or sent wire transfers to, countries that have not previouslybeen associated with the customer’s business?Is the customer or the customer’s business activity associated with countries recognized by regulators ashigh-risk money laundering centers?

New business

False identification documentsIdentification documents which could not be verified within reasonable timeA person for whom verification of identity proves unusually difficult or who is reluctant to provide detailsNon-face to face clients or doubt over the real beneficiary of the accountAccounts opened with names very close to other established business entitiesA person where there are difficulties and delays in obtaining copies of meaningful accounts or other documentsof incorporation;Involvement of countries where production of drugs or drug trafficking may be prevalent, or which haveparticular problems with organised crime, terrorism, corruption or fraud.A client with no discernible reason for using the firm’s service (e.g. clients with distant addresses who couldfind the same service nearer their home base, or clients whose requirements are not in the normal pattern ofthe firm’s business and could be more easily serviced elsewhere)An investor introduced by an overseas bank, affiliate or other investor, when both investor and introducer arebased in countries where production of drugs or drug trafficking may be prevalent;

Dealing patterns

Transactions not in line with the investor’s normal trading activity / Unusual activity compared to pasttransactions.Buying and selling of an investment with no rationale purpose or in circumstances which appear unusual(e.g. churning at the client’s request)Usually trading in low-grade securities ie. “penny” stocksTrades with no economic rationale or bona fide purposeDoubtful sources of fundsAppears to be a case of insider trading”Investment proceeds transferred to a third partyTransactions reflect likely market manipulationsSuspicious off market transactionsUse of different accounts by client alternativelySudden activity in dormant accountsActivity inconsistent with what would be expected from declared business.Account used for circular tradingLarge number of accounts having a common account holder, introducer or authorized signatory with norationaleUnexplained transfers between multiple accounts with no rationale

Abnormal transactions

Involvement of apparently unrelated third parties;A number of transactions by the same counterparty in small amounts of the same investment and then soldone transaction, the proceeds being credited to an account different from the original account;Any transaction in which the nature, size or frequency appears unusual (e.g. early termination of packaged

45

products at a loss due to front end loading, or early cancellation, especially where cash had been tenderedand/or the refund cheque is to a third party);Transactions not in keeping with normal practice in the market to which they relate (e.g. with reference to mmarket size and frequency, or at off-market prices);Other transactions linked to the transaction in question which could be designed to disguise money anddivert it into other forms or to other destinations or beneficiaries.Value just under the reporting threshold amount in an apparent attempt to avoid reportingLarge sums being transferred from overseas for making paymentsInconsistent with the clients apparent financial standingInconsistency in the payment pattern by clientBlock deal which is not at market price or prices appear to be artificially inflated/deflated.

Intermediaries

There are many clearly legitimate reasons for use of an intermediary. However, the use of intermediaries alsointroduces further parties into transactions thus increasing complexity and preserving anonymity.Any apparently unnecessary use of an intermediary should give rise to further enquiry.

Employees and agents

Changes in employee characteristics (e. g. lavish life styles or avoiding taking holidays);Changes in employee or agent performance (e. g. salesman has a remarkable or unexpected increase inperformance);Any dealing with an agent where the identity of the ultimate beneficiary or counterparty is undisclosed, contraryto normal procedure for the type of business concerned.

Payment

A number of transactions by the same counterparty in small amounts of the same investment and then soldin one transaction;Payment by way of third party cheque or money transfer where there is a variation between the accountholder, the signatory and the prospective investor.

Delivery

Settlement to be made by way of bearer securities from outside a recognised clearing system;Allotment letters for new issues in the name of persons other than the client.Involvement of third parties for receipt / delivery of securities

I / We have read the above and state that I will not indulge in any activity which can be deemed as money laundering or violations of any of the above criteria.

Name of the client & Signature : X13

Date :

46

FORMATDECLARATION BY FIRM (SOLE PROPRIETORY) ON LETTER HEAD OF THE FIRM

Date :

To,LKP SECURITIES LTD.203, Embassy Centre, Nariman Point, Mumbai - 400 021.

Dear Sir,I refer to the trading account opened with you in the name of ————————————————————————————and declare and authorise you as under.I recognise that a beneficiary account cannot be opened with a depository participant in the name of a soleproprietorship firm as per Regulations to facilitate the operation of the above trading account with you and for thepurpose of completing the share transfer obligations pursuant to the trading operations, I authorise you to recognisethebeneficiaryaccountNo.with depositoryhaving DP ID opened in the name of the undersigned who is the soleproprietor of the firm.I agree that the obligation for shares purchase/or sold/or margin by the firm will be handled and completed throughtransfers to/from the above mentioned account. I recognise and accept in margin transfers made by you to thebeneficiary account as complete of obligations by you in respect of trades executed in the above trading accountof the firm.

Signature (with seal of the firm)Further I the undersigned am the sole proprietor of the firm and am solely responsible for the liabilities thereof. Ishall advise you in writing of any change that takes place in the constitution of the firm and I will be personally liableto you for all the obligations that the firm may incur in the course of dealings with you and undertake to personallydischarge such liabilities.

Yours truly,

Signature (of proprietor only)

47

FORMATDECLARATION TO BE GIVEN BY PARTNERSHIP ON LETTER HEAD OF THE FIRM

AS APPLICABLEDate :To,LKP Securities Ltd.203, Embassy Centre, Nariman Point, Mumbai - 400 021.

Dear Sir,We refer to the trading account opened with you in the name of and declare and authorise you as under.We recognise that a beneficiary account cannot be opened with a depository participant in the name of a partnershipfirm as per Regulations. To facilitate the operation of the above trading account with you and for the purpose ofcompleting the securities transfer obligations pursuant to the trading operations, we authorise you to recognizethe beneficiary account No._______________________________ with depository __________________________having DP ID ________________________ opened as a joint account in the names of the partners of the firm.We agree that the obligations for shares purchased / or sold / or margin by the firm will be handled and compliedthrough transfers to/from the above mentioned account. We recognise and accept transfers made by you to thebeneficiary account as complete discharge of obligations by you in respect or trades executed in the abovetrading account of the firm.

Thanking you,

Yours faithfully,for ...............................

1)

2)

3)

4)

(Signed by all Partners of the Firm with the stamp of the firm)

48

FORMATAUTHORITY LETTER IN FAVOUR OF MANAGING PARTNER/(S)

(To be obtained on pre-printed Letterhead of Firm)AS APPLICABLE

Date:To,LKP Securities Ltd.203, Embassy Centre,Nariman Point,Mumbai-400021.

Dear Sir,We the partners of M/s. , a partnershipfirm, having its office at office address

city state herebyauthorize Mr./Mrs. and Mr./Mrs.

to open a securities trading account in Capital Market segment, F&O segmentand Retail Debt Market segment on behalf of the firm M/s.with the Trading Member M/s. LKP Securities Ltd. for sale and purchase of shares/debentures/derivative instrumentsin Capital market segment (CM), Futures and Options segment (F&O), Currency Derivatives Segment and/or RetailDebt Market segments (RDM) or any other segment that may be introduced by NSE/ BSE in future. He/She/They is/are authorized on behalf of the firm to deal in equities, derivatives, debentures, debt products and the said TradingMember is hereby authorized to honor all instructions oral or written, given on behalf of the firm by him/her/them.Mr./Mrs. and Mr./Mrs. is/are authorized to sell,purchase, transfer, endorse, negotiate documents and/or/otherwise deal through LKP Securities Ltd. on behalf of thefirm M/s. .He/She/They is/are also authorized to sign, execute and submit such applications, undertakings, agreements andother requisite documents, writing and deeds as may be deemed necessary or expendient to open account and giveeffect to this purpose.However any partner/authorized signatory (ies) can issue cheques from bank account(s) in favour of LKP SecuritiesLtd. for credit to Share Trading account of the firm with M/s. LKP Securities Ltd. even though his/their signatures maynot be available on the records of LKP Securities Ltd. These cheques will be issue from the account of partnership firmand the said amount so given shall be solely/exclusively for the account of the firm maintained with LKP SecuritiesLtd.

1)for M/s.

Name & Signature of the Partner

2)for M/s.


3)for M/s.


4)for M/s.


5)for M/s.


6)for M/s.


49

FORMAT

DECLARATION TO BE GIVEN BY CORPORATES ON THEIR LETTER HEADAS APPLICABLE

Date:

To,

LKP Securities Ltd.203, Embassy Centre,

Nariman Point,

Mumbai-400021.

Sir,

We hereby certify that the following resolution of the board of directors of was duly passedat the board meeting held on at

1. The company is empowered to deal in equities, derivatives, debentures, debt products and agrees to the terms ofLKP Securities Ltd. as per the MEMBER-CLIENT Agreement.

2. LKP Securities Ltd. is hereby authorized to act on the oral or written instructions of any one or more of thefollowing persons:

Signature of Chairman / Director

AND

Signature of Company Secretary

Date : Place :

(Please attach a certified true copy of the resolution).

Name(s) Signature(s)

50

BOARD RESOLUTION (Trading I Demat)(On the Company letterhead)

CERTIFIED TRUE COPY OF AN EXTRACT FROM THE MINUTES OF A MEETING OF THE BOARD OFDIRECTORS OF__________________LIMITED DULY CONVENED AND AT WHICH A PROPER QUORUM WAS PRESENTHELD AT THE REGISTERED OFFICE OF THE COMPANY AT________________________________________________________________(ADDRESS)__________________ ON ____________(DATE) ___________We hereby certify that the following resolution of the Board of directors of ______________________________LTDwas passed at the Meeting ofthe Board held on______________________ and has been duly recorded in theMinutes Book ofthe said Company.

“RESOLVED THAT having regard to the object/s of the Company and to the operations of the Company and itsfuture plans, the Company do open a Trading Account for dealing in shares and securities in Cash Segment and/ or Derivative Segment on the Bombay Stock Exchange Ltd. (BSE) and I or National Stock Exchange of India Ltd.(NSE) and / or Clearing member / beneficiary account for the Company, with LKP SECURITIES LTD.(DepositoryParticipant of CDSL) and / or LKP SECURITIES LTD. in the name and style of”________________________(name of the co.)______________________________L1MITED” and Mr.____________________ Director of theCompany be and is hereby authorized to negotiate and finalize the terms and conditions for opening the accountand completing the formalities.

“FURTHER RESOLVED THAT Mr._____________________ and Mr._________________ the Directors andMr.__________________ the Authorised Person in this behalf, be and are hereby jointly and severally authorizedto sign and execute necessary forms and KYC disclosures and agreements as might be required for the purposeof opening the Trading and / or Beneficiary account/s as aforesaid and THAT they are also authorized to as suchto operate the said account for and on behalf ofthe Company”

“RESOLVED THAT the board authorizes Mr.___________________________to execute the Power ofAttorney in favour of LKP securities Ltd.

“FURTHER RESOLVED THAT a certified copy of the said resolution be communicated to LKP Securities LTDand together with the specimen signatures ofall the aforesaid officials by the Chairman ofthe meeting / company.

Place: CERTIFIED TRUE COPY

Date: For______________________________ LTD.

Signatory

SPECIMEN SIGNATURES

NAME SIGNATURE

1 Mr._________________________________ _______________________

2 Mr._________________________________ _______________________

FORMAT

51

Voluntary Documents

52

NSE

SUPPLEMENT TO MEMBER-CONSTITUENT AGREEMENT APPLICABLE TO CLIENTSAVAILING INTERNET TRADING FACILITY FOR TRADING ON NSE.

(THE CLIENTS NOT WISHING THIS FACILITY ARE NOT REQUIRED TO SIGN THIS DOCUMENT.)

This agreement is made at this day of 20 between LKP SECURITIES L TD, member ofNational Stock Exchange of India Ltd. with SEBI Registration No. : INB/INF 230720030, hereinafter called MEMBERand having its Processing Office at Kanak Bldg., 1st Floor, 41, Chowringhee Road, Kolkata - 700 071, and havingits Registered Office at 203, Embassy Centre, Nariman Point, Mumbai - 400 021. and an

individual/company/trust/firm/HUF or any other body duly formed and registered under the relevant Act, hereinaftercalled the CLIENT, having its residence registered office at

WITNESSETH :

Whereas the MEMBER is registered as TRADING MEMBER of National Stock Exchange of India Ltd. with SEBIRegistration No. : INB / INF 230720030

Whereas the CLIENT is desirous of investing/trading in those securities admitted for dealing on the Exchange asdefined in the Bye-Laws of the Exchange.

Whereas the CLIENT has satisfied itself of the capability of the MEMBER to deal in securities and wishes to executehis orders through him and the CLIENT shall continue to satisfy itself of such capability of the MEMBER beforeexecuting orders through him.

Whereas the MEMBER has satisfied and shall continuously satisfy himself about the genuineness and financialsoundness of the CLIENT and investment objectives relevant to the services to be provided.

Whereas the MEMBER has taken steps and shall take steps to make the CLIENT aware of the precise nature of theMEMBER’S liability for business to be conducted, including any limitations on that liability and the capacity in whichit acts.

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

1. The provisions of this agreement shall always be subject to Government notifications, any rules, regulations andguidelines issued by SEBI and Stock Exchange rules, regulations and Bye-laws that may be in force from time totime.

2. In the event of death or insolvency of the client or his otherwise becoming incapable of receiving and paying foror delivering or transferring securities which the client has ordered to be bought or sold, MEMBER may close outthe transaction of the client and the client or his legal representative shall be liable for any losses, costs and beentitled to any surplus which may result there from.

3. The agreement entered into between the MEMBER and the CLIENT shall stand terminated by mutual consent ofthe parties by giving at least one month written notice. Such cancellation or termination shall not have any effecton transaction executed before the date of such notice of termination and the parties shall enjoy the same rightsand shall have same obligations in respect of such transactions.

4. The instructions issued by an authorized representative of the client shall be binding on the client in accordancewith the letter authorizing the said representative to deal on behalf of the client.

5. The CLIENT is aware that authentication technologies and strict security measures are required for the internedtrading through order routed system and undertakes to ensure that the password of the CLIENT and/or hisauthorised representative are not revealed to any third party.

All Voluntary Documents can be revoked by the client at any point of time

53

6. The CLIENT agrees that the MEMBER shall not be liable or responsible for non-execution of thy. CLIENT due toany link/system failure at the CLIENT/ MEMBERS/EXCHANGE end.

7. The Stock Exchange may cancel a trade suo-moto without giving any reason thereof In the eva cancellation,MEMBER shall be entitled to cancel relative contract( s) with CLIENT.

8. The MEMBER shall also send the Order Trade confirmation slip through E-mail to the CLIENT at his requestwithin (time period as specified by the Client) &om the time of execution of order/trade on the V system,as the case may be. The CLIENT agrees that the information sent by MEMBER by E-mail is deemet be a validdelivery of such information by the MEMBER.

9. The CLIENT is aware that the MEMBER has provided on the web site a facility for reconfirmation of orders,which are larger than that specified by the MEMBER’S risk management, by the :MEMBER and is also awarethat the MEMBER has the discretion to reject the execution of such orders based on his risk perception.

10. The Member and the Client are aware of the provisions of Bye-Laws, Rules and regulations of the Exchangerelating to resolution of disputes/differences through the mechanism of arbitration provided by the Exchange andagree to abide by the said provisions.

11. All trades, transactions and contracts are subject to the Bye-Laws, Rules and Regulations of the Exchange andshall be deemed to be and shall take effect as wholly made, entered into and to be performed in the city ofMumbai and the parties to such trade shall be deemed to have submitted to the jurisdiction of the Courts inMumbai for the purpose of giving effect to the provisions of the Rules and Regulations of the Exchange.




LKP SECURITIES LTD. )



Mr. )

in the presence of

1. )

2. )

SIGNED AND DELIVERED

by the withinnamed Constituent

)

in the presence of

1. )

2. )



X14


54

BSESUPPLEMENTAL TRADING MEMBER-CLIENT AGREEMENT (ITORS TRADING)

This agreement is made and executed at this day of 20 betweenLKP Securities Ltd. a body corporate, registered/incorporated under the provisions of the Companies Act, 1956,a member of the Bombay Stock Exchange (hereinafter called “the Exchange”), and having its Processing Officeat Kanak Bldg., 1st Floor, 41, Chowringhee Road, Kolkata - 700 071, and having its Registered Office at 203,Embassy Centre, Nariman Point, Mumbai - 400 021. (hereinafter called the “stock broker”) which expression shallunless repugnant to the context or meaning thereof, be deemed to mean and include itself in the capacity of atrading member while trading in the derivatives segment its, executors, administrators and legal representatives,the survivor or survivors of them and their respective heirs, executors, administrators and legal representatives/its successors, as the case may be, of the One Part;AndMr./Ms/M/s. an individual/a sole proprietory concern/a partnershipfirm/ a body corporate, registered/incorporated, under the provisions of the Indian Partnership Act, 1932 / the CompaniesAct, 1956, having his/her/its residence/registered office at

(hereinafter called “the client”) which expression shall, unless repugnant to the context or meaning thereof, be deemedto mean and include his / her heirs, executors, administrators and legal representatives/the partners for the time beingof the said firm, the survivor or survivors of them and their respective heirs, executors, administrators and legalrepresentatives/its successors, as the case may be, of the Other Part;WHEREAS:(i) The Trading Member is a Trading Member of Bombay Stock Exchange Ltd, (“the Exchange”) and is also

registered with the Securities & Exchange Board of India (“SEBI”) as a stock broker with SEBI Registration No.INB 010675433.

(ii) The Client is a client/constituent of the Trading Member, and the TradingMember and the Client have entered into a Trading Member-Client Agreement dated the ———— day of———

in accordance with the model agreement prescribed by SEBI (“the Main Trading Member-ClientAgreement”);

(iii) The Trading Member offers and/or proposes to offer the ITORS Service to its clients; and the Client desires toavail of the Trading Member’s ITORS Service for purchasing, selling or otherwise dealing in securities;

(iv) The Trading Member and the Client desire to enter into this Supplemental Agreement to the Main Trading Member-Client Agreement in order to record the agreement between them relating to the Trading Member’s ITORS Serviceto be availed of by the Client.IT IS HEREBY AGREED BETWEEN THE TRADING MEMBER AND CLIENT as follows:

1. Definitions:1.1 In this Agreement (including the Recitals above), unless the context otherwise requires the following words shall

have the following meanings:-(i) “the Exchange” means the Bombay Stock Exchange Ltd and includes a segment of the Exchange,(ii) “Exchange Provisions” means the Rules, Bye-laws, Regulations, Business Requirement, Specifications,

handbooks, notices, circulars and resolutions of the Exchange or any segment of the Exchange in force from timeto time and includes the Minimum Requirements Handbook for ITORS prescribed by the Exchange, as amendedfrom time to time.

(iii) “ITORS” means Internet based Trading Through Order Routing System, being a system approved by theExchange for enabling clients to route their orders to their Trading Member/s over the internet.

(iv) “ITORS Account Application” means the application submitted by the Client to the Trading Member topermit the Client to avail of the Trading Member’s ITORS Service.

(v) “ITORS Service” or “Service” means the service offered by the Trading Member to its clients through ITORSwhereunder the clients can route their orders for purchase, sale and other dealings in securities through theTrading Member’s ITORS System.

(vi) “Trading Member’s ITORS System” or “Trading Member’s ITORS WebSite” means the web site


55

hosted by the Trading Member on the internet through which the Trading Member offers the ITORS Service andincludes the hardware and software used for hosting and supporting the WebSite.

(vii) “Password” means an alphanumeric code used by the Client to validate his/her username and access theService.

(viii)“SEBI” means the Securities & Exchange Board of India.(ix) “Username” means an alphanumeric login identification used by the Client for accessing the Service.1.2 In this Agreement, headings are used for convenience and ease of reference only and shall not affect\ construction

or interpretation of any provision of this Agreement.1.3 In this Agreement, unless the context otherwise requires, reference to the singular includes a reference to the

plural and vice-versa, and reference to any gender includes a reference to all other genders.1.4 In this Agreement, unless the context otherwise requires, references to Recitals and Clauses shall be deemed to be

a reference to the recitals and clauses of this Agreement.1.5 References to any enactment are to be construed as referring also to any amendment or re-enactment thereol and

to any rule, bye-law, regulation, business requirement, specification, order or other provision made under it.2. AGREEMENT TO PROVIDE AND AVAIL OF THE ITORS SERVICE:The Trading Member agrees to provide the Trading Member’s ITORS Service to the Client, and the Client agrees toaval of the Trading Member’s ITORS Service, on and subject to the terms and conditions of this Agreement, theExchange Provisions and the terms of the Trading Member’s ITORS Web Site.3. USER NAME AND PASSWORD:3.1 The Client will be entitled to a username and password, which will enable him to access the Trading Member’s

ITORS System for availing of the Service.3.2 The Client is aware that the Trading Member’s ITORS System itself generates the initial password and that the

Trading Member is aware of the same. The Client agrees and undertakes to immediately change his initia passwordupon receipt thereof. The Client is aware that subsequent passwords are not known or available to TradingMember.

3.3 The Client shall be responsible for keeping the Username and Password confidential and secure and shall besolely responsible for all orders entered and transactions done by any| person whosoever through the TradingMember’s ITORS System using the Client’s Username and/or Password whether or not such person was authorisedto do so.

3.4 The Client shall immediately inform the Trading Member of any unauthorised use of the Client’s UsernamePassword with full details of such unauthorised use including the date of such unauthorised use, the manner inwhich it was unauthorisedly used, the transactions effected pursuant to such unauthorised use, etc.

3.5 The Client acknowledges that he is fully aware of and understands the risks associated with availing of a servicfor routing orders over the internet including the risk of misuse and unauthorised use of his Username and/orjPassword by a third party and the risk of a person hacking into the Client’s account on the Trading Member’sITORS System and unauthorisedly routing orders on behalf of the Client through the System. The Client agreethat he shall be fully liable and responsible for any and all unauthorised us’e and misuse of his Password and/cUsername and also for any and all acts done by any person through the Trading Member’s ITORS System on theClient’s Username in any manner whatsoever.

3.6 The Client shall log off from the ITORS Service at any time the Client is not accessing or using the Service anyliability incurred to the Client as a consequence of the Client not logging off the Service shall borne solely 1 theClient.

3.7 Without prejudice to the provisions of Clause 3.5, the Client shall immediately notify the Trading Member writingwith full details if :

(i) he discovers or suspects unauthorised access through his Username, Password or account,(ii) he notices discrepancies that might be attributable to unauthorised access,(iii) he forgets his password or(iv) he discovers a security flaw in the Trading Member’s ITORS System.3.8 In any of the above events specified in Clause 3.7, the Client shall immediately change his Password. However,if the Client is unable to change his Password by reason of his having forgotten his Password or his Password having

been unauthorisedly changed by some other person or for any other reason then the Client shall immediately


56

request the Trading Member in writing to discontinue his old Password; and thereupon the Trading Member shallcause the Trading Member s ITORS System to discontinue the use of the Client s’old Password and the TradingMember’s ITORS System shall generate a new Password for the Client which shall be communicated to theClient. At no point in time shall the Trading Member be liable for any loss, whether notional or actual, that maybe suffered by the Client on account of the misuse of the Password.

4. TRANSACTIONS AND SETTLEMENTS.4.1 All orders for purchase, sale or other dealings in securities and other instructions routed through the Trading

Member’s ITORS System via the Client’s Usemame shall be deemed to have been given by the Client.4.2 The orders and instructions and all contracts and transactions entered into pursuant thereto and the settlement

thereof will be in accordance with the Exchange Provisions.4.3 The Trading Member may from time to time impose and vary limits on the orders which the Client can place

through the Trading Member’s ITORS System (including exposure limits, turnover limits, limits as to the number,value and/or kind of securities in respect of which orders can be placed, the companies in respect of whosesecurities orders can be placed, etc.). The Client is aware and agrees that the Trading Member may need to varyor reduce the limits or impose new limits urgently on the basis of the Trading Member’s risk perception and otherfactors considered relevant by the Trading Member, and the Trading Member may be unable to inform the Clientof such variation, reduction or imposition in advance.The Client agrees that the Trading Member shall not be responsible for such variation, reduction or imposition orthe Client’s inability to route any order through the Trading Member’s ITORS System on account of any such *variation, reduction or imposition of limits. The Client understands and agrees that the Trading Member may atany time, at its sole discretion and without prior notice, prohibit or restrict the Client’s ability to place orders ortrade in securities through the Trading Member.

4.4 Though orders will generally be routed to the Exchange’s computer systems within a few seconds from the timethe order is placed by the Client on the Trading Member’s ITORS System, the Trading Member shall not be liablefor any delay in the execution of any order or for any resultant loss on account of the delay.

4.5 The Client agrees that the Trading Member may, at its sole discretion, subject any order placed by a Client tomanual review and entry, which may cause delays in the processing of the Client’s order or may result in rejectionof such order.

4.6 In case of a market order, the Client agrees that he will receive the price at which his order is executed by theexchange’s computer system; and such price may be different from the price at which the security is tradingwhen his order is entered into the Trading Member’s ITORS System.

5. MARGIN:The Client agrees and undertakes to immediately deposit with the Trading Member such cash, securities or otheracceptable security, which the Trading Member may require as margin. The Client agrees that the Trading Membershall be entitled to require the Client to deposit with the Trading Member a higher margin than that prescribed by theExchange. The Trading Member shall also be entitled to require the Client to keep permanently with the TradingMember a margin of a value specified by the Trading Member so long as the Client desires to avail of the TradingMember’s ITORS Service.6 CANCELLATION REQUESTS6.1 When the Client places a request to cancel an order, the cancellation of that order is not guaranteed. The order

will only be cancelled if the Client’s request for cancellation is received and the order is successfully cancelledbefore it is executed.

6.2 The Client shall not be entitled to presume an order as having been executed or canceled until a confirmationfrom the Trading Member is received by the Client.

6.3 The Exchange may anull a trade suo-moto without giving a reason therefor. In the event of such anullment, theTrading Member shall be entitled to cancel the relative contract(s) with the Client.

7. BROKERAGE, COMMISSIONS AND FEES7.1 The Client agrees to pay the Trading Member brokerage, commission, fees, service tax and other taxes and

transaction expenses as they exist from time to time and as they apply to the Client’s account and transactions,and the services that he receives from the Trading Member.

7.2 A schedule of brokerage, fees and commissions, applicable service and other taxes and other transaction expensesshall be provided by the Trading Member to the Client from time to time upon request by the Client.


57

8. CONFIRMATIONSOnline confirmation will be available to the Client upon execution or cancellation of an order placed by him throughthe Trading Member’s ITORS System. This shall be followed by a confirmation, which may be sent by postal mailelectronic mail or other electronic means. It is the responsibility of the Client to review upon first receipt, whetherdelivered to him online, by postal mail, by electronic mail, or other electronic means, all confirmations of transactionsor cancellations.9. INVESTMENT ADVICE9.1 The Client acknowledges that the Trading Member shall not be liable to provide him with any legal, tax, investment

or accounting advice or advice regarding the suitability or profitability of a security or investment.9.2 The Client also acknowledges that the Trading Member’s employees are not authorized to give any such advice

and that the Client will not solicit or rely upon any such advice from the Trading Member or any of its employees.9.3 The Client agrees that in the event of the Trading Member or any employee or official of the Trading Member

providing any information, recommendation or advice to the Client, the Client may act upon the same at the soldrisk and cost of the Client, and the Trading Member shall not be liable or responsible for the same.

9.4 The Client assumes full responsibility with respect to his investment decisions and transactions.9.5 The Trading Member, its officers, directors, partners, employees, agents and affiliates will have no liability with

respect to any investment decisions or transactions of the Client.10. SUPPLEMENTAL TO MAIN TRADING MEMBER - CLIENT AGREEMENT:This Agreement is supplemental to, and does not supersede, the Main Trading Member-Client Agreement. Save andexcept as modified expressly or by implication by this Agreement the Exchange Provisions or the terms of the TradingMember’s ITORS WebSite, the provisions of the Main Trading Member-Client Agreement shall apply mutatis mutandisto the extent applicable to dealings between the Trading Member and the Client pursuant to or otherwise relating to theTrading Member’s ITORS Service.11. REPRESENTATIONS AND WARRANTIES OF CLIENT

The Client represents and warrants to the Trading Member that:11.1 All the information provided and statements made in the Client’s ITORS Account Application are true and

correct and are not misleading (whether by reason of omission to state material fact or otherwise) and the Clientis aware that the Trading Member has agreed to provide the Trading Member’s ITORS Service to the Client onthe basis, inter alia, of the statements made in the Client’s ITORSJ Account Application.

11.2 The Client is aware and acknowledges that trading over the internet involves many uncertain factors andcomplex| hardware, software, systems, communication lines, peripherals, etc. which are susceptible tointerruptions and’’ dislocations; and the Trading Member’s ITORS Service may at any time be unavailablewithout further notice. The Trading Member and the Exchange do got make any representation or warranty thatthe Trading Member’s ITORS Service will be available to the Client at all times without any interruption. TheClient agrees that he shall not have any claim against the Exchange or the Trading Member on account of anysuspension, interruption,” non-availability or malfunctioning of the Trading Member’s ITORS System or Serviceor the Exchange’s service or systems for any reason whatsoever.

11.3 The Client has the required legal capacity to, and is authorised to, enter into this Agreement and is capable ofperforming his obligations and undertakings hereunder.

11.4 All actions required to be taken to ensure compliance of all the transactions, which the Client may enter into,pursuant to this Agreement with all applicable laws, shall be completed by the Client prior to such transactionbeing entered into.

11.5 The Client shall abide by the Exchange Provisions and the terms of the Trading Member’s ITORS WebSite inforce from time to time.

11.6 Any instructions given by an authorised representative of the Client to the Trading Member (or to the Trading]Member’s representative) shall be binding on the Client.

12. REPRESENTATIONS AND WARRANTIES OF THE TRADING MEMBER:The Trading Member represents and warrants to the Client that :-The Trading Member’s ITORS System has been approved by the Exchange. Where the ITORS system has not been


58

approved by the Exchange, the Trading Member has applied/proposes to apply to the Exchange to approve the saidITORS System and the Trading Member will commence the Trading Member’s ITORS Service only after the Exchangehas approved the Trading Member’s ITORS System.13. MARKET DATA13.1 The Client understands that the Exchange asserts a proprietary interest in all of the market data it furnishes,

directly or through the Trading Member or otherwise. Trie Client understands that the Exchange does not guaranteethe timeliness, sequence, accuracy or completeness of market data or any other market information, or anymessages disseminated by it. Neither the Trading Member nor the Exchange shall be liable in any way forincorrect, misleading, incomplete or dated data or information and, if the Client acts on the basis of the same, heshall do so at his own risk and cost.

13.2 The Client shall not furnish market information provided by the Exchange to any other person or entity forconsideration or otherwise and in the event the Client uses such information he shall do so at his own xisk andcost.

14. NOTICES14.1 Any notice or other communication to be given by any party to the other in connection with this Agreement shall

be in writing and shall be deemed duly served if delivered personally or sent by facsimile transmission or byprepaid registered post or by e-mail to the addressee at the address or (as the case may be), the e-mail orfacsimile number (if any), of that party set opposite its name below:

To the Trading Member at:Name of the person concerned : Address : Fax # : e-mail: To the Client at:Name of the person concerned : Address : Fax # : e-mail: or at such other address, facsimile number or e-mail address as the party to be served may have notified the other inaccordance with the provisions of this Clause. Notwithstanding anything stated above, communication relating toorders, margins, maintenance calls and other similar matters in the ordinary course of dealings between the TradingMember and the Client may be communicated orally.15. EXTRAORDINARY EVENTSThe Trading Member and/or its agents will not be liable for losses caused directly or indirectly by government restriction,Exchange or market rulings, suspension of trading, computer, communication, telephone or system failure, war,earthquakes, flood, accident, power failure, equipment or software malfunction, strikes or any other conditions beyondthe Trading Member’s control.16. AMENDMENT TO AGREEMENTThe Client understands and agrees that the Trading Member may discontinue his ITORS Service in part or in itsentirety and change the terms of the Service (including the terms on the Trading Member’s ITORS WebSite) at anytime and from time to time, without prior notice.17. TERMINATION OF AGREEMENT:17.1 The Client agrees that the Trading Member may at any time terminate this Agreement. The Client is aware and

accepts that in view of the nature of the transactions and dealings involved in providing the Service it may not bepossible for the Trading Member to give advance notice of such termination or suspension to the Client.

17.2 The Client may at any time terminate this Agreement by not less than seven days notice to the Trading Member,provided that unless the Trading Member otherwise permits, the Client shall not be entitled to terminate thisAgreement so long as any amount is payable or securities are deliverable by the Client to the Trading Member.

17.3 The termination of this Agreement shall not affect any rights or obligations of either party which have accruedprior to the termination or which may arise out of or in connection with acts done or omitted prior to thetermination.

17.4 The provisions of Clauses 14, 20 and 21 of this Agreement shall survive the termination of this Agreement.All Voluntary Documents can be revoked by the client at any point of time

59

18. SEVERABILITYIn the event of any provisions of this Agreement being held to be or becominginvalid, unenforceable or illegal for any reason, this Agreement shall remainotherwise in full force apart from the said provision which will be deemed deleted. The parties shall howeverattemptto replace the deleted provision with a legally valid provision that reflects the same purpose as the deleted provisionto the greatest extent possible.19. WAIVERNo forbearance, relaxation or inaction by any party at any time to require the performance of any provision of thisAgreement shall in any way affect, diminish, or prejudice the right of such party to require the performance of thator any other provision of this Agreement or be considered to be a waiver of any right, unless specifically agreed inwriting.20. LAW AND JURISDICTION20.1 This Agreement shall be governed by and construed in all respects in accordance with the laws of the Republicof India and, subject to the provisions of Clause 21, the courts at WB, India shall have jurisdiction over this. Agreementand the arbitration proceedings in relation to the Agreement.20.2 This Agreement and all contracts and transactions between the Trading Member and the Client pursuant heretoshall be subject to the Exchange Provisions, the Rules, Bye-Laws, Regulations, and other provisions of its clearinghouse, if any, the provisions of the Securities and Exchange Board of India Act, 1992, the Securities Contracts(Regulation) Act of 1956 and the rules and regulations made thereunder and as amended from time to time.21. DISPUTE RESOLUTION •Any claim, dispute or difference arising between the Parties hereto in respect of this Agreement or any contracts,dealings or transactions pursuant hereto or any rights, obligations, terms or conditions as contained in thisAgreement; or the interpretation or construction of this Agreement shall be subject to the grievance redressalprocedure of the Exchange and shall be subject to the arbitration procedure as prescribed by the ExchangeProvisions.IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the day and year firstabove written.IN WITNESS THEREOF THE PARTIES TO THE AGREEMENT HAVE CAUSED THESE PRESENTSl TO BEEXECUTED AS OF THE DAY AND YEAR FIRST ABOVE WRITTEN.

SIGNED AND DELIVERED )by the withinnamed Member )LKP SECURITIES LTD. )by the hand of its authorised )representative/Director/MD )Mr. )in the presence of

1. )

2. )SIGNED AND DELIVEREDby the withinnamed Constituent

)in the presence of

1. )

2. )

Note : All references to the specific quantity / rate / fee mentioned in this agreement are subject to change] fromtime to time, as so agreed to in writing between the parties.



X15


60

CDSLJoint Holders-Second Holder’s DetailsFirst NameMiddle NameLast NameFather / HusbandNameTitlePermanentAddressCityCountryTelephone No.PAN / GIR No.E-mail ID

Mr. Mrs. Ms. Other Suffix

StatePin CodeFax No.

Joint Holders-Third Holder’s Details

First Name

Middle NameLast NameFather / HusbandNameTitle

PermanentAddress

I / We instruct the DP to receive each and every credit in my / our account [Automatic Credit] Yes No

Mr. Mrs. Ms. Other Suffix

City

CountryTelephone No.PAN / GIR No.E-mail ID

State

Pin CodeFax No.IT Circle Ward / District

IT Circle Ward / District

Daily Weekly Fortnightly MonthlyAccount Statement Requirement

Account Statement Requirement Daily Weekly Fortnightly Monthly

I/We authorise you to receive credits in my / our account Without any instruction from me / us. Yes No


61

Details For Joint Third Holder

Date of BirthNationalitySexOccupation

Indian Others (specify) Male Female Service Central Govt. State Govt. Public / Private Sector NGO

Statutory Body} Professional Business Student Retired Housewife Others (Specify) ----------------------

D D M M Y Y Y Y

Name of business :(Products / services provided)

Additional Details

SMS Alert Facility

easi

YesMOBILE NO. +91 -----------------------------------------------------Refer to Terms & Conditions given as Annexure-A

Yes If yes, please contact your DP for details[Facility through CDSL’s website : www.cdslindia.com wherein a BO canview his ISIN balances, transactions and value of the portfolio online.]

No.

No.

Details For Joint Second Holder

Date of BirthNationalitySexOccupation

Indian Others (specify) Male Female

Service { Central Govt. State Govt. Public / Private Sector NGO

Professional Business Student Retired Housewife Others (Specify) ----------------------


D D M M Y Y Y Y


Statutory Body}

Individual NRI Foreign National

Status Sub - Status Individual Resident q Individual Director Individual Director’s Relative Individual HUF / AOP Individual Promoter Individual Margin Trading A/C (MANTRA)

NRI Repatriable NRI Non-Repatriable NRI - Depository Receipts Foreign National Foreign National - Depository Receipts

Second Joint Holder Third Joint HolderName

Signature

PassportSizePhotograph

X X

Please paste recentPassport Size

Photograph

Please paste recentPassport Size

Photograph

Sign across the photo

(Signature Shoukd be preferably in Black ink)(In case of minor holder, photograph of guardian has to affixed along with minor ‘s Photograph.)

Sign across the photo


62

Details of Guardian (If First Holder / Sole Holder is a minor)

First Name Mr. / Mrs. Middle Name Last / Search Name

For NRIs

Foreign Address

CityCountryRBI Ref No.E-mail ID

StatePINRBI Approval date

Relationship with the applicant

Correspondence Address

CityCountryTelephone No.E-mail ID

StatePINFax No.



63

(Perforated Card)

(To be filled by the LKP SECURITIES LTD.)

Client IDDP ID

Name

First/Sole Holder Second Holder Third Holder

SpecimenSignatures X16

NOTES:A) In case of Firms, Association of Persons (AOP), Partnership Firm, Unregistered Trust, etc., although theaccount is opened in the name of the naturalpersons, the name of the Firm, Association of Persons (AOP), Partnership Firm, Unregistered Trust, etc.,should be mentioned above.

8) (i) Photocopy of the cancelled cheque having the name of the account holder where the cheque book isissued, (or) (ii) Photocopy of the Bank Statement having name and address of the BO and not more than 4months old, (or) (iii) Photocopy of the Passbook having name and address of the BO, (or) (iv) Letter from theBank. In case of options (ii), (iii) and (iv) above, MICR code of the branch should be present / mentioned on thedocument and it should be self-certified by the BO.

I/We have read the DP-BO agreement including the schedules thereto and the terms & conditions and agree toabide by and be bound by the same and by the Bye Laws as are in force from time to time. I / We declare that theparticulars given by me/us above are true and to the best of my/our knowledge as on the date of making thisapplication. I/We further agree that any false / misleading information given by me / us or suppression of anymaterial information will render my account liable for termination and suitable action.

ADJUSTMENT OF CDSL BILL WITH TRADING ACCOUNT

To,LKP SECURITIES LTD.

DEAR SIR,

I HAVING A BENEFICIAL DEMAT ACCOUNT NO. ____________________________________________AND ATRADING ACCOUNT NO. WITH YOU. I HEREBY AUTHORISE YOU TO SETT OFF /ADJUST MY DEBIT BALANCE IN THE DEMAT ACCOUNT WITH THE CREDIT BALANCE LYING IN TRADINGACCOUNT FROM TIME TO TIME.THANKING YOU,

X17

1 2 0 3 0 0 0 0

1 2 0 3 0 0 0 0

Acknowledgement ReceiptApplication No. :Date :We hereby acknowledge the receipt of the Account Opening Application Form :Name of the Sole / First HolderName of the Second Joint HolderName of the Third Joint Holder

BOID 1 2 0 3 0 0 0 0

(Please Tear Here)All Voluntary Documents can be revoked by the client at any point of time

64

Nomination FormToLKP Securities Ltd.10th Floor, Nariman Bhavan, Vinay K. Shah Marg, Nariman Point, Mumbai-400 021Dear Sir / Madam,I/We the sole holder / Joint holders / Guardian (in case of minor) hereby declare that:

I/We do not wish to nominate any one for this demat Account.[Strike out what is not appliable] [Signature for all account holders should be obtained on this form]I/We nominate the following person who is entitled to receive security balances lying in my / our account,particulars whereof are given below, in the event of the death of the Sole Holder or the death of all the JointHolders.

BO Account DetailsClient ID

Name of the Sole / First HolderName of the Second HolderName of the Third HolderNominee detailsFirst Name (Mr. & Mrs.)Middle NameLast NameAddressE-mail IDDate of birth(if nominee is a minor)

As the nominee is a minor as on date, I/We appoint following person to act as guardian :NameAddress

Tel. No.

Relationship with BO (if any)

Please paste recentpassport size

photograph

DP ID 1 2 0 3 0 0 0 0

Age Contact No. :To receive the securities in this account on behalf of the nominee in the event of the death of the Sole holder / all jointholders.This nomination is in accordance with the section 109 A of the companies act, 1956, and shall supersede any priornomination made by me / us and also any testamentary document executed by me / us.

Place : Date :

Address of Witness

Signature of Witness(To be filled by LKP Securities Ltd.) Nomination accepted and registered wide Registration No. dated .

NameSpecimen Signatures X18

First/Sole Holder

Note : Two witnesses shall attest signature(s) (Thumb impression(s).

Second Holder Third Holder

Details of the WitnessName of Witness

First Witness Second Witness

Acknowledgement ReceiptReceived nomination request from :(Please Tear Here)

DP ID 1 2 0 3 0 0 0 0 Client IDNameAddressNomination in favour ofRegistration No. Registered on Date

LKP SECURITIES LTD.

LKP SECURITIES LTD.All Voluntary Documents can be revoked by the client at any point of time

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AGREEMENT BETWEEN A PARTICIPANT AND A PERSONSEEKING TO OPEN A BENEFICIAL OWNER’S ACCOUNT

This Agreement made and entered into at_____________ this ____ day of ________, between LKPSecurities Ltd., having its regional office at ‘Kanak Building’1st floor, 41 Chowringhee Road, Kolkata - 700 071 andregistered office at Nariman Bhavan,10th Floor, Vinay K.Shah Marg, Nariman Point, Mumbai-400 021. hereinaftercalled “the Participant” of the One Part; AND______________________, having his/its office/registeredoffice / address at ,

hereinaftercalled “the Beneficial Owner” of the Other Part.WHEREAS the Beneficial Owner is desirous ofopening a beneficial owner’s account with theParticipant and the Participant has agreed to open anaccount in the name of the Beneficial Owner andrender services to the Beneficial Owner as aparticipant, on the terms and conditions recordedhereinbelow.NOW THIS AGREEMENT WITNESSETH AND IT ISHEREBY AGREED BY AND BETWEEN THEPARTIES HERETO AS FOLLOWS :General Clause1. The parties hereto agrees to abide by the

provisions of the Depositories Act, 1996, SEBI(Depositories and Participants) Regulations, 1996Bye Laws and Operating Instructions issued byCDSL from time to time in the same manner andto the same extent as if the same were set outherein and formed part of this Agreement.

Fees, Charges and deposits2. The Participant shall be entitled to change or

revise the fees, charges or deposits from time totime provided however that no increase thereinshall be effected by the Participant unless theParticipant shall have given at least one month’snotice in writing to the Beneficial Owner in thebehalf. In case the Beneficial Owner committinga default in the payment of any such amountpayable to the Participant on their respective duedates or within fifteen days of the same beingdemanded (where no such due date is specified),the Participant shall be entitled to charge intereston the amount remaining outstanding or unpaid[not exceeding 18%] per annum or part thereof.On such continued default, the Participant aftergiving two days notice to the Beneficial Ownershall have a right to stop processing of instructionsof Beneficial Owners till such time he makes thepayment along with interest if any.

Statement of Account3.1 The Participant shall furnish to the Beneficial

Owner a statement of his/its account at the endof every month if there has been even a single

entry or transaction during that month, and in anyevent once at the end of each [quarter]. Suchstatement shall be in the form specified inOperating Instructions. The Participant shallfurnish such statements at such shorter periodsas may be required by the Beneficial Owner onpayment of such charges by the Beneficial Owneras may be specified by the Participant.

3.2 It is agreed that if a Participant is providing the servicesof issuing the statement of accounts in electronicmode and if the Beneficial Owner is desirous ofavailing such services from the Participant, then theParticipant will furnish to the Beneficial Owner thestatement of accounts under its digital signature, asgoverned under Information Technology Act, 2000.Provided however that in the event of the BeneficialOwner requiring a physical copy of the statement ofaccounts, despite receiving the same in theelectronic mode, then irrespective of havingforwarded the same via electronic mode, theParticipant shall be obliged to provide a physical copythereof to the BO.

3.3 It is agreed and understood between the partiesthat if the Participant does not have the facility ofproviding the statement of account in the electronicmode, then the Participant shall be obliged toforward the statement of account only in physicalform.

Beneficial Owner shall intimate change ofparticulars

4. The Participant shall not be liable or responsiblefor any loss that may be caused to the BeneficialOwner by reason of his/its failure to intimatechange in the particulars furnished to theParticipant from time to time, unless notified bythe Beneficial Owner.

Depository not liable for claims against BeneficialOwner

5. CDSL shall not be liable to the Beneficial Ownerin any manner towards losses, liabilities and/orexpenses arising from the claims of third partiesor for any fees, charges, taxes, duties, levies orpenalties levied, imposed or demanded by anyCentral, State, statutory or revenue authority inrespect of securities credited to the BeneficialOwner’s account.

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Authorised Representative6. Where the Beneficial Owner is a body corporate

or a legal entity, it shall, simultaneously with theexecution of the Agreement furnish to theParticipant, a list of officials authorized by it, whoshall represent and interact on its behalf with theParticipant. Any change in such list includingadditions, deletions or alterations thereto shall beforthwith communicated to the Partia, Closure ofAccount

7. The Beneficial Owner, may, at any time terminatethis Agreement upon the Participant to close his/its account with the Participant in the\ and on theterms and conditions set out in the Bye Laws andthe proced* down in the Operating Instructions. Inthe event of termination of this Agree the BeneficialOwner shall either get the securities transferredto some on account or get the samerematerialised.

Stamp Duty8. Any stamp duty (including interest or penalty levied

thereon) payable on it Agreement and/or on anydeed, document or writing executed in pursuar.hereof between the parties hereto shall be borneand paid by the Benefio Owner.

Force Majeure9. Notwithstanding anything contained herein or in the

Bye Laws, neither pa hereto shall be liable toindemnify or compensate the other for any breaonon-performance or delay in performance of anyobligations under rj Agreement or for any harm,loss, damage or injury caused to the other duelcauses reasonably beyond its control including butnot limited to tide, stod cyclone, flood, lightning,earthquake, fire, blast, explosion or any other actiGod, war, rebellion, revolution, insurrection,embargo or sanction, blocka*-riot, civil commotion,labour action or unrest including strike, lock-oulfboycott, interruption or failure of any utility service,enemy action, crimM conspiracy, act of terrorismor vandalism, sabotage, or intrusion, or any ottlirresistible force or compulsion.

Service of Notice10. Any notice or communication required to be given

under the Agreement sK not be binding unless thesame is in writing and shall have been served |delivering the same at the address set outhereinabove against a wriW acknowledgement ofreceipt thereof or by sending the same by pre-pairegistered post at the aforesaid address ortransmitting the same by facsiiri transmission,electronic mail or electronic data transfer at numberor addrat that shall have been previously specifiedby the party to be notified. NotiJ. given by personaldelivery shall be deemed to be given at the timef

delivery. Notice given by post in accordance withthis clause shall be deemi to be given at thecommencement of business of the recipient ofthe noil on the third working day next following itsposting. Notice sent by facsir4 transmission,electronic mail or electronic data transfer shall bedeemed tok. given at the time of its actualtransmission.

Arbitration11. The parties hereto shall, in respect of all disputes

and differences that r arise between them, abideby the provisions relating to arbitration andconciBai* specified under the Bye Laws.

Jurisdiction12. The parties hereto agree to submit to the exclusive

jurisdiction of the courts of West Bengal.Governing Law13. The Agreement shall be governed by the

construed in accordance with it laws in force inIndia.

IN WITNESS WHEREOF the parties hereto havehereunto set and subscribed ft respective hands/sealsto this Agreement in duplicate on the day, month, yearai place first hereinabove mentioned.


by the withinnamed the )

Participant )

LKP Securities Ltd. )


representative Shri )



by the withinnamed the )

Beneficial Owner )

)


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POWER OF ATTORNEY IN FAVOUR OF LKP SECURITIES LIMITED

(ON STAMP PAPER OF Rs. 100/-)

This Power of Attorney (POA) is made by the persons mentioned in the Schedule 1 in favour of “LKP SECURITIESLIMITED”, a company incorporated under the provisions of the Companies Act, 1956 in India and having its registeredoffice at 203, Embassy Centre, Nariman Point, Mumbai 400021 (hereinafter referred to as ‘LKP’, an expressiondeemed to mean and include its successors and assigns)

WHEREAS LKP Securities Limited is a member of the National Stock Exchange of India Limited (“NSE”) (bearingSEBI registration nos. INB/INF 230720030 on the Capital Market Segment, Futures & Options Segment respectively),Bombay Stock Exchange Limited (“BSE”) (bearing SEBI registration nos. INF/INF 010675433 on the Cash MarketSegment and Derivatives Segment respectively)

AND WHEREAS LKP Securities Limited is a Depository Participant with the Central Depository Services (India)Limited (CDSL) having SEBI registration number IN-DP-CDSL-206-2003.

AND WHEREAS LKP Securities Limited is registered with Association of Mutual Funds in India (AMFI) as MutualFund Distributor having Registration no. ARN 31751.

AND WHEREAS I / We wish to avail / I/We am/are a client availing of the services offered by LKP and has enteredinto necessary agreement(s) (“Client Agreements”) with LKP for transacting in securities with/ without On-Line trading/ E-broking & web based facilities and / or services through its website www.lkpsec.com or any other websiteused for offering said Services. Details of my / our Trading and Demat account with LKP are provided in Schedule1 AND WHEREAS for facilitating smooth operations of the said services being availed from LKP by me / us, I / weam/are desirous of appointing an attorney and confer upon it powers hereinafter stated.

NOW THESE PRESENTS WITNESS that I / we, do hereby, jointly and severally nominate, constitute and appoint“LKP Securities Limited” being a Stock Broker and Depository Participant registered with Securities and ExchangeBoard of India (“SEBI”)acting through any of its directors, officers and / or agents, as my/ our true and lawfulConstituted Attorney (hereinafter referred to as the said Attorney) for me / us, in my / our name and on my / our behalfand at my / our risk and costs to do, exercise and perform all or any of the following acts, deeds and things:

1. To instruct the Depository Participant, being LKP to transfer securities held in my/our beneficial owner /demataccount as provided in Schedule 2 or such other demat account as may be intimated by me/us to LKP from timeto time (“client designated demat accounts”) to such demat account of LKP as provided in Schedule 2 and / ordesignated by LKP and intimated to me from time to time (“LKP designated demat account”) towards stockexchange related margin / delivery / pay-in obligations arising out of trades executed by me/us through LKPon any Stock Exchange in any segment including cash, derivatives and currency derivatives segment.

2. To make application and / or issue instruction for creation / invocation / closure of pledge on the securities/units held in my / our client designated demat accounts in favour of LKP for the limited purpose of meeting themargin requirements in connection with the trades executed by me / us through LKP on any Stock Exchangein any segment including cash, derivatives and currency derivatives segment.

3. To credit my/our client designated demat accounts with any securities that are to be delivered to me/us /borrowed by me/us.

4. Generally to do all such acts, deeds, matters and things as may be necessary for or incidental to ensure thatall payments for and delivery of securities arising out of transactions undertaken by me / us under theagreements are duly and properly completed.

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5. Pursuant to my/our instruction, to make necessary applications on my/our behalf to any officials or authoritiesin India, including but not limited to, the Central Government, and/or the Reserve Bank Of India, Income TaxAuthority, Stock Exchanges, Securities and Exchange Board of India in connection with my/our purchase/sale/transfer holding and continuing to hold securities, and to represent me in all respects before such authority/iesand establish without encumbrance the ; ownership of securities in my name.

6. The term “Securities” shall include shares, scrips, stocks, bonds, warrants, options, futures, derivatives, convertibledebentures, non-convertible debentures, securitized debt instruments, fixed return investment, equity linkedinstruments or other marketable Securities of a like nature in or of any incorporated company or other bodycorporate, negotiable instruments including usuance Bills of Exchange, deposits or other money market instruments,commercial paper, certificate of deposit, units issued by Unit Trust of India and units issued by Mutual Funds,mortgage backed or other asset backed Securities issued by any institution or body corporate cumulative convertiblepreference shares issued by any incorporated company and Securities issued by any incorporated company andSecurities issued by the Central Government or a State Government for the purpose of raising public loan andhaving one of the forms specified in Clause (2) of Section 2 of the Public Debt Act, 1944, any other new form ofcapital or money market instruments that may be issued in the future by any incorporated company/firm/institutionor Government.

7. Pursuant to my/our instruction or instruction of my/our Authorised Representative, to apply for various productslike Mutual Funds, Public issues of securities including debentures, rights, offer of shares, tendering shares inopen offers etc.

8. Pursuant to my/our instruction or instruction of my/our Authorised Representative, to acquire by subscribing toor by purchase of securities or any other investment products and to sell, transfer and endorse the same orredeem the same or otherwise deal in the securities and / or any other investment products including but notlimited to Initial Public Offerings, Further Public Offerings, Buy Back Offers, Right Issues either through internetusing identification number issued by any Authority from time to time or otherwise, and/or to sign and to executeall transfer deeds whether as transferor or transferee and such other instruments, applications and papers as maybe necessary for acquiring or transferring/redeeming the same, marking pledge/lien on such securities and/or fortransferring the investments in the units of Mutual Funds from one scheme to another or between Mutual Fundsand / or otherwise as may be required to deal in the securities or other investment products.

9. Pursuant to my/our instruction or instruction of my/our Authorised Representative, to make applications for or torenounce and sign renunciation forms in respect of bonds/debentures, right shares and additional shares of anyCompany/ Body/Authority and to receive and hold such rights or additional shares bonds or debentures.

10. To issue orders and instructions for acquisitions and disposal of investments for and on behalf of myself/ourselvesand to purchase or otherwise acquire, sell or otherwise dispose off and invest in securities.

11. To sign the necessary forms and other documents if any and to file the same with the company/ies and / orMutual Fund concerned for purchase, sell, redemption or otherwise transfer of such securities/ units of MutualFunds and transferring it in my/our name.

12. To forward all such applications placed through the website to the online-lPO module of the concerned Exchangeor owner/issuer of Investment Product.

13. To receive statements and other documents pertaining to the above units/securities and to acknowledge receiptof the same.

14. To do all such acts and things as may be necessary to effect the subscription/purchase/redemption or any othertransaction in any securities and / or Investment Product for which services are availed from LKP.

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15. To debit the purchase price of such securities or any other fees/charges etc. due to LKP and to discharge allobligation in this regard on my/our behalf to LKP, in my account with LKP Securities Ltd.

16. To operate and to give delivery/receive instructions, borrowing and lending instructions, pledge instructions,pledge closure instructions and to do all such other things that may be necessary in the course of business relatingto operation of client designated demat account(s) or towards the obligation for transactions done through LKPon NSE, BSE, MCX-SX and any other Exchange, under my/our instructions

17. To execute the share transfer requests given by me/us through the website or any other medium and process thedocuments authenticated by authorized signatories empowered to do so in this regard.

18. To square off at its discretion my/our position of transactions that are not delivery marked during r the day.

19. To demand, receive and give good and effectual receipt(s) and discharge(s) for all or any dividends, interest,bonuses or any other sum(s) and/or income arising from the shares, debentures, units and other investments andto sign and endorse pay orders, dividend/interest warrants or certificates, receive all debts, sums of money,principal, interest, dividend or other dues of whatever nature or account which are now or at any time due andpayable and belong to me/ us.

20. For the purpose of the aforesaid to sign contracts, agreements, transfers, acceptances, receipts, or other instruments,documents and forms, to accept and carry out correspondence with such person(s) or authority/authorities ordepartment(s) and to do all such lawful acts requisite for effecting the same.

21. To correspond with and give notice to the corresponding Asset Management Company/Body Corporate/ Registrar& Transfer Agent of securities.

22. To comply and /or cause to be complied with all statutory and other requirements attached to or arising out ofthese premises and for these purpose to take such steps and actions necessary or proper, including signing ofaffidavits, indemnity, declarations, legal documents, deeds and writings required.

23. To send consolidated summary of my / our scrip wise buy and sell positions taken with average rates by way ofSMS / e-mail at my / our registered mobile no. / email id as provided by me / us through contract note or any otherintimation, on a daily basis, notwithstanding any other document to be disseminated as specified by SEBI fromtime to time.

24. To arrange to return to me / us the securities that may have been received by LKP erroneously or those securitiesthat LKP is not entitled to receive from me / us.

25. For all or any of the purpose aforesaid to appoint from time to time a representative and to revoke suchrepresentation but so that the appointment of any such representative shall not affect or prejudice the rights orpowers of the Attorney to act hereunder and the Attorney may continue to do so notwithstanding suchappointments.

26. To do or omit to do all such acts and things as LKP may in its discretion consider to be necessary or desirable inorder to exercise its powers hereunder or to comply with any laws, orders, rules, regulations or directions of anygovernment or regulatory or other authorities.

27. My/Our Attorney LKP shall not be liable for any loss that may result from failure/inability of electronic connectivityor rejection of my/our application for any reason whatsoever.

28. My/our Attorney LKP shall not be liable for any transaction processed on the basis of information provided byLKP to the issuers / owners of securities or investment products in the applications or otherwise based on theinformation provided by me / us.

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29. Contain a clause by which the Stock Broker would return to the client(s), the securities or fund that may have been received by it erroneously or those securities or fund that it was not entitled to receive from the client(s).

30. Be executed by all the joint holders (in case of a demat account held jointly). If the constitution of the account is changed for whatever reason, a new PoA should be executed.

AND I/We hereby agree that LKP shall exercise such powers and authorities conferred under the above Power ofAttorney only pursuant to the instructions in that behalf given by me/us or my/our Authorised Representative,which may be given orally, over the telephone, through the internet, electronically or in any other manner acceptableto LKP and such instructions shall be deemed to have been given by me/us and shall be conclusive and bindingon me/us.

AND I /We hereby agree that all such acts done by my/our above mentioned attorney shall be deemed to be actsdone by me/us and if necessary shall be ratified by me/us on the instructions of the said attorney.

AND I/WE DO HEREBY CONFIRM AND DECLARE THAT this Power of Attorney shall be valid, effective andoperative and shall remain in force till the termination of the Member -Client Agreement and / or any other agreement(s)that I/We have entered into with LKP.

I / we may revoke this Power of Attorney at any time by giving a notice to LKP in writing and the cessation of thisauthority shall not affect or impair any act thereto done in exercise of these presents.

Such notice shall be duly signed by me / us and should be received at:

LKP Securities Ltd,10th Floor, Nariman Bhavan,Vinay K Shah Marg,Nariman Point,Mumbai 400021

The revocation shall be subject to due receipt, verification and processing of the same by LKP.

I/we hereby undertake to ensure that prior to the revocation of this power of attorney all amounts of debit balancesincluding penalties and other charges & expenses till the date of revocation due to the Attorney as per its records arepaid/ cleared in full.

This document shall be subject to the jurisdiction of the Courts in Mumbai.

MADE and executed at ____________ on this day of 20

Schedule 1

First / Sole Holder(Trading Account Client)

Second Holder

Third Holder

Trading Account No. /Client ID

Demat Account No.

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Schedule 2Client Designated Demat Account Nos.

LKP Designated Demat Account Nos. :

DP Name : LKP SECURITIES LIMITED

IN WITNESS WHEREOF I/We have hereunto set and subscribed my/our respective hands to these presents the dayand the year herein above written.Name

1.

2.

3.

In the presence of :

Incase the power of attorney is executed by HUF account all members should sign above.We hereby agree to execise the powers conferred upon us in terms of the clauses mentioned hereinabove.


Authorised SignatoryDate :

DPID : DPID :

Witnesses

1. Name Signature

Address

2. Name Signature

Address

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Terms And Conditions-cum-Registration / Modification Form for receiving SMS Alerts from CDSLDefinitions:In these Terms and Conditions the terms shall have following meaning unless indicated otherwise:1. “Depository” means Central Depository Services (India) Limited a company Incorporated in India under the

Companies Act 1956 and having its registered of at 17th Floor, P.J. Towers, Dalai Street, Fort, Mumbai 400001and all its branch offices and includes its successors and assigns.

2. ‘DP’ means Depository Participant of CDSL. The term covers all types of DPs who are allowed to opendemat accounts for investors.

3. ‘BO’ means an entity that has opened a demat account with the depository. The term covers all types ofdemat accounts, which can be opened as specified by the depository from time to time.

4. SMS means “Short Messaging Service”5. “Alerts” means a customized SMS sent to the BO over the said mobile phone number.6. “Service Provider” means a cellular service provider(s) with whom the depository has entered / will be entering

into an arrangement for pr«\, alerts to the BO.7. “Service” means the service of providing SMS alerts to the BO on best effort basis as per these terms and

conditions.Availability:1. The service will be provided to the BO at his / her request and at the discretion of the depository. The service

will be available to those accountholdeti provided their mobile numbers to the depository through their DP.The services may be discontinued for a specific period / indefinite period, with » issuing any prior notice forthe purpose of security reasons or system maintenance or for such other reasons as may be warranted. Thedepositor)», discontinue the service at any time without giving prior notice for any reason whatsoever.

2. The service is currently available to the 80s who are residing in India.3. The alerts will be provided to the BOs only if they remain within the range of the service provider’s service

area or within the range forming part of the tci& network of the service provider.4. In case of joint accounts and non-individual accounts the service will be available, only to one mobile number

i.e. to the mobile number as submitted at thei of registration / modification.5. The BO is responsible for promptly intimating to the depository in the prescribed manner any change in

mobile number, or loss of handset, on which the wants to receive the alerts from the depository. In case ofchange in mobile number not intimated to the depository, the SMS alerts will continue to be senl the lastregistered mobile phone number. The BO agrees to indemnify the depository for any loss or damage sufferedby it on account of SMS alerts sent such mobile number.

Receiving Alerts:1. The depository shall send the alerts to the mobile phone number provided by the BO while registering for the

service or to any such number replaced t informed by the BO from time to time. Upon such registration /change, the depository shall make every effort to update the change in mobile number wil a reasonableperiod of time. The depository shall not be responsible for any event of delay or loss of message in thisregard.

2. The BO acknowledges that the alerts will be received only if the mobile phone is in ‘ON’ and in a mode toreceive the SMS. If the mobile phone is in ‘Off” n» i.e. unable to receive the alerts then the BO may not get /get after delay any alerts sent during such period.

3. The BO also acknowledges that the readability, accuracy and timeliness of providing the service depend onmany factors including the infrastructi connectivity of the service provider. The depository shall not beresponsible for any non-delivery, delayed delivery or distortion of the alert in any way whatsoever.

4. The BO further acknowledges that the service provided to him is an additional facility provided for hisconvenience and is susceptible to error, omission I or inaccuracy. In case the BO observes any error in theinformation provided in the alert, the BO shall inform the depository and/ or the DP immediatelf writing and thedepository will make best possible efforts to rectify the error as early as possible. The BO shall not hold thedepository liable for any l» damages, etc. that may be incurred/ suffered by the BO on account of opting toavail SMS alerts facility.

5. The BO authorizes the depository to send any message such as promotional, greeting or any other messagethat the depository may consider appropriate, the BO. The BO agrees to an ongoing confirmation for use ofname, email address and mobile number for marketing offers between CDSL and any other entity.

6. The BO agrees to Inform the depository and DP In writing of any unauthorized debit to his BO account/unauthorized transfer of securities fn his BO account, immediately, which may come to his knowledge onreceiving SMS alerts. The BO may send an email to CDSl [email protected]. The BO is advisednot to inform the service provider about any such unauthorized debit to/ transfer of securtti from his BOaccount by sending a SMS back to the service provider as there is no reverse communication between theservice provider and I depository.

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7. The information sent as an alert on the mobile phone number shall be deemed to have been received by theBO and the depository shall not be under i obligation to confirm the authenticity of the person(s) receiving thealert.

8. The depository will make best efforts to provide the service. The BO cannot hold the depository liable for non-availability of the service in any manner whatsoever.

9. If the BO finds that the information such as mobile number etc., has been changed with out proper authorization,the BO should immediately inform the DP in writing.

Fees:Depository reserves the right to charge such fees from time to time as it deems fit for providing this service to theBO. v; Disclaimer:The depository shall make reasonable efforts to ensure that the BO’s personal information is kept confidential.The depository does not warranty the confidentiality or security of the SMS alerts transmitter through a serviceprovider. Further, the depository makes no warranty or representation of any kind in relation to the system and thenetwork or their function or their performance or for any loss or dan% whenever and howsoever suffered orincurred by the BO or by any person resulting from or in connection with availing of SMS alerts facility. TheDepository gives no warranty with respect to the qua*| the service provided by the service provider. The Depositorywill not be liable for any unauthorized use or access to the information and/ or SMS alert sent on the mobile phonenumber of the BO or for fraud duplicate or erroneous use/ misuse of such information by any third person.Liability and Indemnity:The Depository shall not be liable for any breach of confidentiality by the service provider or by any third persondue to unauthorized access to the information meant for the BO. In consideration depository providing the service,the BO agrees to indemnify and keep safe, harmless and indemnified the depository and its officials from anydamages, claims, demands, proceedings, loss, cost, chj| and expenses whatsoever which a depository may atany time incur, sustain, suffer or be put to as a consequence of or arising out of interference with or misuse,improper or fraudulent use of the sent by the BO. ;Amendments:The depository may amend the terms and conditions at any time with or without giving any prior notice to the BOs.Any such amendments shall be binding on the BOs who are already registered as of this service.Governing Law and Jurisdiction:Providing the Service as outlined above shall be governed by the laws of Indiaand will be subject to the exclusive jurisdiction of the courts in Mumbai.I/We wish to avail the SMS Alerts facility provided by the depository on my/«ur mobile number provided in theregistration form subject to the terms and conditions mentioned below. I/ We consat* CDSL providing to theservice provider such information pertaining to account/transactions in my/our account as is necessaryfor the purposes of generating SMS Alerts by service provit to be sent to the said mobile number. . I/Wehave read and understood the terms and conditions mentioned above and agree to abide by them and anyamendments thereto made by the depository from time to time. I/ we further undertalf pay fee/ charges as may belevied by the depository from time to time. v I / We further understand that the SMS alerts would be sent for amaximum four ISINs at a time. If more than four debits take place, the BOs would be required to take up the matterwith their Dte I/We am/ are aware that mere acceptance of the registration form does not imply in any way that therequest has been accepted by the depository for providing the service. | I/We provide the following information forthe purpose of REGISTRATION / MODIFICATION (Please cancel out what is not applicable).Sole / First Holder’s Name:_______________________________________________________

1 2 0 3 0 0 0 0BOID (Please write your 8 digit Client ID)

Second Holder’s Name:_________________________________________________________Third Holder’s Name: __________________________________________________________Mobile Number on which messages are to be sent

(Please write only the mobile number without prefixing country code or zero)The mobile number is registered in the name of: Email ID: Signatures X25

Sole / First Holder Second holder Third HolderPlace:

Date: All Voluntary Documents can be revoked by the client at any point of time

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Undertaking of HUFDate :

ToLKP Securities Ltd,10th Nariman Bhavan,Vinay K Shah Marg,Nariman Point,Mumbai 400 021.

Dear Sirs,

We the Members of the joint Hindu Undivided Family do hereby authorize Mr.____________________ (Karta)of the family to execute & operate the depository account maintained through you on behalf of the aboveHindu Undivided Family (hereinafter called HUF) and we state that we are jointly and severally responsiblefor the dealings/transactions/delivery slips that are executed by the Karta Mr.________________________________ on behalf of the HUF and shall abide by the respective ExchangeBye laws, Rules and Regulations.

We further state that we all are well aware of the CDSL procedures and shall comply with the CDSLprovisions under its Byelaws, Rules and Regulations and also provide with the necessary information/details from time to time to the above Member/Broker.

We further state that in the event of any claims/differences or dispute with the you respect of the dealings/transactions/delivery slips that are executed by the Karta through you, the same shall be brought to thenotice of either of the parties and shall resolve amicably and in the event of there is any dispute the sameshall be resolved as per procedures prescribed under the respective Bye laws, Rules and Regulations ofCDSL.

The Specimen signature of the Karta Mr./Ms.______________________ is given below:

Specimen Signature in full ______________________________

Specimen Signature in short (initials) ______________________Thanking you,

Yours faithfully,

For _______________________

(Signature of all the family Members including Karta with names in full, relation and dob.)

Name Relation DOB Signature

A

B

C

D

In case of minor co-parners, karta has to sign on their behalf

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NSE / BSEAnnexure to Client Registration Form

Clients are required to note that this document is voluntary Client may also note that by signing thisdocuments no investor rights are affected and the document is purely for operational convenienceof both the parties to this document. Clients may further note that they can terminate all or any of theclauses of this document and in such a situation LKP Securities reserves a right to terminate theagreement or services offered to The Client.

Constituent Registration Form :The Constituent agrees to fill the Constituent registration form completed in all respects alongwith relevant documentsand other related aspects as mentioned in the said Constituent registration form which is annexed to this Agreement.The Constituent registration form duly complete in all respects shall be Submitted to the Member along with thisAgreement.The Constituent hereby undertakes to execute all trades for his own behalf only and will not indulge in any sub-brokingactivity unless duly registered with SEBI or authorized by any other constituent.Constituent Code :The Member is allotting to the Constituent, the Unique Client Code for the orders/ trades/ transactions that are putthrough the terminal/s or Dealing office/s of the Member.Type of Orders/Trades/Modification of Orders:The Constituent hereby agrees that the Orders put through the NEAT / BOLT / IME / NOW / CTCL system by theMember on his/her/its behalf may result into trade upon matching of the order in the NEAT / BOLT system of theExchanges and upon such matching the trade confirmation slip may be provided to the Constituent, on demand, bythe Member through hand delivery, fax or E-mail, if available with the Constituent.In the event the Constituent desires to modify I cancel the order then the same may be informed to the Member bytelephone or in writing by sending a fax or through E-mail for modifying / canceling the order on the NEAT / BOLTsystem by the Member. Upon such modification / cancellation of order by the Member, the Constituent shall beinformed within a reasonable period of time by telephone or in writing or by sending a fax to the Constituent orthrough E-mail, if available with the Constituent. However, if the order results in a trade in the meantime, the requestsfor modification or cancellation cannot be executed by the Member.In the event of the constituent requires an executed trade to be cancelled, the constituent shall give the request for tradecancellation in writing and the constituent further agrees that the right to approve or reject the cancellation of traderests with the National Stock Exchange of India Limited & Bombay Stock Exchange Limited.Contract notes/ Bills / Contract Cum Bills :The Member shall send the Contract notes/ Bills and/or Contract cum Bill of NSE / BSE to the Constituent at the endof the trading day and the said Contract notes/bills and/or Contract cum Bill of NSE / BSE shall be duly acknowledgedby the Constituent or by his/her/its authorised representative by putting his/her/its signature on the duplicate copy ofthe Contract notes/bills/contract cum bill issued by the Member.In the event the Constituent is not available or the Contract notes/bills and/or Contract cum Bill have not been collectedby the Constituent or his/her/its authorised representative at the end of the trading day then the Member shall endeavorto deliver the said contract notes/bills / contract cum bill to the Constituent by Hand, by Registered A.D, by Speedpost, by Certificate of posting.

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Penalties, chargesThe Member will debit to the client the below mentioned charges / penalties :a) Client registration chargesb) DP charges for inter settlement adjustmentsc) Clearing member charges for derivatives segmentd) Penalties charged to the member by exchanges on account of violations of rules and regulations of the

exchanges committed by the cliente) Cheque bouncing chargesf) User ID charges for availing online trading facility of members as applicable.Statement of Accounts:The Member shall provide to the Constituent statement of accounts as and when demanded by the Constituentand may be delivered by hand to the Constituent or his authorised representative and the Constituent or authorisedrepresentative shall duly acknowledge the same. The Constituent shall have to confirm the statement of account everythree months of the financial year and if any discrepancy is noticed in the statement of accounts furnished by theMember the same shall be informed for rectification/clarification within seven days from the date of receipt of theStatement of Account by the Constituent.The Client hereby agrees to zero the ledger balances at the end of each quarter or any period less than that. The clientalso agrees and accepts upfront that if he does not zero the ledgers every quarter, the member is fully authorised tosuspend his / her trading rights regardless of any intimations thereof.Margins:The Member shall have the right to collect Security Deposit in the form of margin from the Constituent and theConstituent hereby agrees to furnish the said Margin for the orders/trades/transactions that are putthrough the Member by the Constituent on or after executing this Agreement.The Constituent hereby further agrees to furnish additional Margin money immediately as and when advised bythe Member for risk management of the Constituents transactions in accordance with the directions of the NationalStock Exchange of India Limited or Bombay Stock Exchange Limited to the Member as per the Byelaws, Rulesand Regulations of the Exchanges.The Constituent further authorizes the Member to retain securities purchased by him as security deposit / collateralsto fulfill his margin obligations to the Member and further authorizes the Member to deposit the said securites soretained as collaterals with the respective exchanges.The Constituent also authorizes the Member to deposit securites as collaterals with the respective exchangesthat are transferred by him from his own beneficiary accounts as security deposit.Tape recording of client conversation :

The CLIENT is aware that the MEMBER may or may not, tape-record the conversations between the Client or theClient’s representative and the MEMBER, either personally or over the telephone, and the Client hereby specificallypermits the MEMBER to do so. Such electronic recordings if any, may be relied upon by the MEMBER as and whenrequired to resolve disputes in connection with the trading transactions.

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Delivery of Securities:

The Constituent hereby agrees to deliver the physical securities belonging to the Constituent only and that aresold by him/her through the Member before the transaction is put through by the Member and the physical securitiesdelivered shall be duly acknowledged by the Member. Accordingly, the Member shall deliver the physical securitiespurchased by the Constituent through the Member on payment of the due amount by the Constituent and thephysical securities delivered shall be duly acknowledged by the Constituent.

In case the delivery of securities is through the Dematerialization mode, the Constituent shall provide the DematAccount Number to the Member and give instructions to NSDL/CDSL/Depository Participant from time to time inwriting and confirm the same to the Member by letter or fax or E-mail immediately and before the Stock Exchanges’ssettlement mechanism.

The Constituent hereby agrees and allows the member to retain the securities purchased in the pool / beneficiaryaccount of the member till such time the Constituent informs the member specifically in writing to transfer the securitiesfrom the pool / beneficiary account to the Constituent beneficiary account maintained with the Depository Participantby the Constituent and the member shall transfer such securities lying in the pool / beneficiary account of the memberto the Constituent beneficiary account within 24 hours from the date of request and the same shall be confirmed bythe member in writing to the Constituent. The Constituent hereby authorizes the member to adjust intersettlementdeliveries in case of purchases for which the pay out has not taken place and the same being sold in subsequentSettlements.

The Constituent hereby agrees and allows the Member to debit the Demat Transaction Charges that are levied by theNational Securities Depository Limited or Central Depository Services Limited from time to time in respect of thedelivery transactions executed by the Constituent through the Member.

The Member shall not accept any third party cheque / securities on behalf of the constituent and in case such cheques/ securities are delivered, the Member shall have the right to withhold the payment / securities to the constituent as perthe circumstances.

The Member shall credit corporate benefits to the constituent, against his / her shares held in the member’s pool /beneficiary account, as per the amount received by the member from the company after accounting for the TDS, ifapplicable.

Closeout of Open Position of the ClientNotwithstanding anything contained hereinabove, the Trading Member reserves its right to closeout all or any of theopen positions of the Client under any/all of the following conditions.a) Non-payment of Initial Margin Deposit to the Trading Member within the notice period;b) Non-payment of Mark-to-Market Settlement Losses to the Trading Member within the notice period;c) Non-payment of any other amount that the Trading Member may require the Client to deposit towards any

account from the time to time;d) Non-payment of fees, charges and any other dues payable by the Client to the Trading Member from time to time;e) Misrepresentation by the Client to the Trading Member;f) Exchanges declares the Client as a defaulter as per the Rules of the Exchanges.

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Auction/Square off/close out:The Constituent hereby agrees that in the event of the Constituent failing to give delivery of securities or to rectifythe company objections within the time specified under the Bye laws, Rules and Regulations of the Exchanges,the Member shall have the right to debit such Auction or Square of amount to the Constituent as may be debited bythe Exchanges from time to time.Transfer of account from one branch to another :The Client hereby agrees to inform in writing to the member in case he wishes to transfer his account from onebranch of Member to another branch of the Member. The Member will try and obtain a formal NOC from theexisting Branch Manager / Sub Broker. On receiving such NOC, the client further agrees in writing that he willclose all its open positions, settle all obligations (funds and securities both) and comply with KYC requirement, ifany, before transfer of its account to the new branch.The Constituent hereby agrees that in the event of the non payment of the Margin money as requested by theMember or there is a debit balance in the account or there will be loss incurred to the Constituent due to theadverse market conditions during a day or trading cycle then the Member shall have the right to close-out/squareof the position of the Constituent as per the Bye laws, Rules and Regulations of the Exchanges from time to time.However, the Constituent shall be informed about the said close-out/square off by the Member immediately ontelephone or fax or E-mail or any other mode of communication.

Dormant accounts :The client hereby takes a note that if the client does not do a transaction for a period/gap of 6 months, his accountwill be treated as a dormant account. The client agrees to give a letter to the member for activating his dormantaccount along with copies of all latest supporting documents i.e. proof of residential address, proof of bank’ account,proof of demat account (LKP DP account to be ignored) . The client will also provide his telephone details and emailids, if any.For Derivatives account, client in addition to the above will have to provide the proof of income of last financial yearas on the date of request for activating the dormant account.I have read and understood the above policy for RMS and Controls of the member and state that I will strictly abideby the conditions laid in this policy.

Signature : X26

Name of the constituent :

Address :

Date :

Place :


79

ONLY FOR INDIVIDUAL

Date :

To,

LKP SECURITIES LTD.203, Embassy Centre,

Nariman Point,

Fort, Mumbai-400 021.

Dear Sirs,SUB.: AUTHORITY LETTER FOR DEALINGS.

I Mr/Ms./Smt. do hereby state that I am the husband/wife/son/daughter of . I am intending to havedealings with LKP SECURITIES LTD. Members National Stock Exchange of India Ltd. and Bombay Stock ExchangeLtd. I hereby authorise my husband/wife/father/daughter/son/Mr./Ms.Mrsto execute orders on my behalf & deal on my behalf and any dealings/actions done on my behalf by my husband/wife/father/ daughter/son shall be acceptable to me & deemed to be Subject to the Bye laws, Rules and Regulations of theExchanges from time to time.

The Specimen Signature of the Authorised person is given below:

Specimen Signature in full

Specimen Signature in short (initials)

I trust that I have complied with the requirements of the Member as per the Byelaws, Rules and Regulations of theExchange.

Thanking you,Yours faithfully,

Signature X27

Name


80

Date :

To,LKP Securities Ltd,10TH Floor, Nariman Bhavan,Vinay K Shah Marg,Nariman Point,Mumbai 400 021.

Dear Sir,Unique Client code no.

Sub : Digital Contract notes/account statements

I / We the undersigned have entered into MemberClient Agreements prescribed for trading on the Bombay StockExchange Ltd and National Stock Exchange of India Ltd. Accordingly you have allocated the above said uniqueclient code to me/us. I/We refer to the facility of receiving the contracts notes and other statements in digital modeand as such I have now created email ids as provided below.

I/We agree to receive contract notes of our dealings in Cash and F&O segments by way of digital contract notesonly through email from ………………………… in accordance with the SEBI circular SMDRP/POLICY/CIR-56/00dated December 15, 2000. I/We also authorize the member to stop issuing physical copies of contracts unlessrequired by me / us and if deemed suitable to the member.

I/We also agree that the dispatch of the digital contract note from the member's end shall constitute deemeddelivery of the same, unless bounced back, and it shall be my /our responsibility to check my / our emails for thesame. I/We also agree to bring to the member's notice any discrepancy within 24 hours of receipt of the digitalcontract note failing which the contract shall be considered as accepted and acknowledged in toto without anydiscrepancies, save and except typographical and technical errors.

I / We corfirm that non-receipt bounced mail notifaication by the member shall be deemed to be valid deliverly ofthe contract .

The Client hereby undertakes that any change in email ID shall be communicated to the member only throughthe physical letter except for clients who have opted for internet trading facility

I/We also authorize the member to send quarterly financial account statements/securities transaction statements/ other statements periodically through the email mode and in physical mode only under specific requests fromme / us. The email address or addresses to be used for the purpose of sending digital contracts and otherdocuments such as account statements/securities transaction statements / demat statements, notices, circulars,etc. is/are mentioned below :

Email address :

Email address :

I also have noted that the digital contracts would also be available to me on www.lkpshares.com

This authority is valid till we continue trading with your company or can be revoked by me / us at any point of time.

Thanking you,

Yours truly,

X28


81

Date: ____________

To,

LKP Securities Ltd10th Floor, Nariman Bhavan,Nariman Point,Mumbai 400 021

Re: Beneficial Owner (BO) Account No. 12030000 _ _ _ _ _ _ _ _

I/We _________________________________________________________________________ [name(s) of theBO(s)] had entered into agreement dated _________________ with you at the time of opening of the aforesaidBO account.

Pursuant to the amendment in Clause 3 of the agreement (Annexure C to the Bye Laws of CDSL), I/We confirmhaving opted to receive the statement of accounts pertaining to the above mentioned BO account in electronicmode in lieu of physical copy of the statement of account.

I/We confirm that the dispatch of statement of account to me/us at the following email address shall constitute fulland absolute discharge of your obligation under the above agreement to provide me/us with statement of my/ourBO account. But, I/we reserve my/our right to receive the physical copy of statement of accounts despite receiv-ing the same in electronic mode, if such a demand is made in writing on you.

[Email address: _____________________________________________________________ ]

[Email address: _____________________________________________________________ ]

I/We confirm that any change in the aforesaid email address or any other instructions with regard to dispatch/service of my/our statement of account on me/us shall not be binding upon you unless you are intimated in writingby me/us by acknowledged delivery.Yours faithfully,

Name/s of the Beneficial owner/s X29(all joint holders) Signature/s


82

Date :

To,

LKP SECURITIES LTD.203, Embassy Centre,Nariman Point,Fort, Mumbai-400 021.

Unique Client Code No. Ref : Authority letter for adjustment of funds and shares across all segments

and maintaining running accountRespected Sir,I/We have entered into Member constituent agreements prescribedfor trading on NSE and BSE. Pursuant to completion of registration formalities you have allocated the above saidclient code to me’/ us and we wish to commence trading on BSE and NSE on all segments.I/We hereby willfully and unconditionally issue following standing instructions with references to personal discussionbetween us for my our operational convenience.1. I / we will make payments to you for bills raised by you. I / we am / are agreeable for maintaining running

account and instruct you that no Cheque / Shares be issued to me / us towards credit balance in my account,unless specifically demanded by me / us and only to the extent of amount demanded by me / us.

2. I / we are agreeable that the credit balance of funds and shares be treated as margin for both cash andderivatives segment.

3. I / we am / are agreeable for transfer of credit balances in margin account / client account of cash segmenttowards adjustment debit balance in margin account /client account of derivatives segment and vise versa.

4. I / we am / are agreeable for transfer of credit balances in margin account /client account of cash andderivatives segment of (BSE) against debit balance in margin account /client account of cash and derivativessegment of (NSE) and vice versa.

5. I / we am / are agreeable for inter-settlement transfer of securities towards pay-in/pay-out of securities in thefuture /past settlements.

6. I / we am / are agreeable for and authorise you to withheld funds pay-out towards all the applicable marginsand debits.

7. As regards the placement of orders, although you had insisted on written instruction for placing orders,considering the practical difficulties faced by me / us in complying the same, I / we would request you toaccept orders placed orally on telephone.

I am aware that the above mentioned points are voluntary and I have an authority to set aside or revoke any ofthem whenever I want to. These standing instructions shall be valid for a period of one year (from the date of thisletter) or until revoked whichever is earlier I / We instruct you to settle my account on monthly basis

quarterly basis

Thanking You,Yours Faithfully,

X30Name and Signature of the client


83

Date :

To,LKP SECURITIES LTD.10th Floor, Nariman Bhavan,Vinay K. Shah Marg,Nariman Point,Mumbai-400021.

Dear Sir or Madam

RE : Authority to collect contracts, bills, ledger and all other correspondence.

I ________________________________ do hereby state that we are your registered client having executed theClient Registration Form and the Member Client Agreement and having dealings on the Bombay Stock Exchange Ltd.and National Stock Exchange of India Ltd. and putting orders through your terminal situated at________________________________ for trading on all the segments of the respective stock exchanges.

I hereby authorise Mr._____________________________________ to collect the contracts from your office on mybehalf and the specimen signature of the aforesaid person is as given below :

Specimen Signature in full :

Specimen Signature in half:

I also state that all my contracts, bills, ledger statements and any other correspondance in my name issued by yourcompany will be deemed as delivered to me if acknowledged by the above said authorised person.

Thanking you, I agree and confirmYours truly

X31Name and Signature of client Name & Signature of the Authorised

Person


84

BSE StAR MF(Letter to be provided by the Investor to the MFI)

To,LKP SECURITIES LTD.10th Floor, Nariman Bhavan,Vinay K. Shah Marg,Nariman Point,Mumbai-400021. Date: ________________

Sir,Sub: BSE StAR MFI/We ________ am/are registered as your client with Client Code No. _________ and have executed the TradingMember and Client Agreement for the purpose of trading in the Capital Market segment of Bombay Stock ExchangeLtd. (Exchange).I/We am/are interested in availing the trading facility of the Exchange for the purpose of dealing in the units ofMutual Funds Schemes permitted to be dealt with on the BSE StAR MF.For the purpose of availing this facility, I/we state that Know Your Client details as submitted by me/us for thestock broking may be considered for the purpose of BSE StAR MF and I/we further confirm that the detailscontained in same remain unchanged as on date.

I/We are willing to abide by the terms and conditions as mentioned in the Circular dated December 2, 2009 andas may be specified by the Exchange from time to time in this regard.I/We shall ensure also compliance with the requirements as may be specified from time to time by Securities andExchange Board of India and Association of Mutual Funds of India (AMFI).I/We shall read and understand the contents of the of the Scheme Information Document and Key InformationMemorandum, addenda issued regarding each Mutual Fund Schemes with respect to which I/we choose tosubscribe/redeem. I/We further agree to abide by the terms and conditions, rules and regulations of the MutualFund Schemes.I/we therefore request you to register me/us as your client for participating in BSE StAR MF.Thanking you,

Yours faithfully,


85

NSE -Mutual Fund Service System facility(Letter to be provided by the Investor to the Participant)

To,LKP SECURITIES LTD. Date: ________________10th Floor, Nariman Bhavan,Vinay K. Shah Marg,Nariman Point,Mumbai-400021.

Sir,Sub: Mutual Fund Service System (MFSS) facility

I/We ________ am/are registered as your client with Client Code No. _________ and have executed the TradingMember and Client Agreement for the purpose of trading in the Capital Market segment of National Stock Exchangeof India Ltd. (Exchange).I/We am/are interested in availing the MFSS facility of the Exchange for the purpose of dealing in the units ofMutual Funds Schemes permitted to be dealt with on the MFSS of the Exchange.For the purpose of availing the MFSS facility, I/we state that Know Your Client details as submitted by me/us forthe stock broking may be considered for the purpose of MFSS and I/we further confirm that the details containedin same remain unchanged as on date.I/We are willing to abide by the terms and conditions as mentioned in the Circular dated ________ and as may bespecified by the Exchange from time to time in this regard.I/We shall ensure also compliance with the requirements as may be specified from time to time by Securities andExchange Board of India and Association of Mutual Funds of India (AMFI).I/We shall read and understand the contents of the of the Scheme Information Document and Key InformationMemorandum, addenda issued regarding each Mutual Fund Schemes with respect to which I/we choose tosubscribe/redeem. I/We further agree to abide by the terms and conditions, rules and regulations of the MutualFund Schemes.

I/We therefore request you to register me/us as your client for participating in the MFSS.Thanking you,

Yours faithfully,


86

Details of terms & conditions for the Investor / Client for using New MFSS facility

1. Pre-requisites for becoming Investor / Client for the New MFSS facility

1.1. The client who is desirous of investing in units of mutual fund schemes through the New MFSS.1.2. The Client intends to execute his instruction for the subscription/redemption of units of Mutual Fund

Schemes through the Participant of the New MFSS.1.3. The client has satisfied itself of the capacity of the Participant to deal in Mutual Fund units and wishes to

execute its instruction through the Participant and the client shall from time to time continue to satisfyitself of such capability of the Participant before executing transacting through the Participant.

1.4. The Client has approached to the Participant with the application for availing the New MFSS facility.

1.5. The client has submitted relevant KYC (Know Your Client) details to the Participants2. Terms and Conditions

2.1. The client shall be bound by circulars issued by NSEIL, Rules, Regulations and circulars issued thereunder by SEBI and relevant notifications of Government authorities as may be in force from time totime.

2.2. The client shall notify the Participant in writing if there is any change in the information in the ‘clientregistration form’ provided by the client to the Participant at the time registering as a client for participatingin the New MFSS or at any time thereafter.

2.3. The client shall submit to the Participant a completed application form in the manner prescribed formatfor the purpose of placing a subscription order with the Participant.

2.4. The client has read and understood the risks involved in investing in Mutual Fund Schemes.2.5. The client shall be wholly responsible for all his investment decisions and instruction.2.6. The client shall ensure continuous compliance with the requirements of the NSEIL, SEBI and AMFI.2.7. The Client shall pay to the Participant fees and statutory levies as are prevailing from time to time and

as they apply to the Client’s account, transactions and to the services that Participant renders to theClient.

2.8. The client will furnish information to the Participant in writing , if any winding up petition or insolvencypetition hasbeen filed or any winding up or insolvency order or decree or award is passed against himor if any litigation which may have material bearing on his capacity has been filed against him.

2.9. In the event of non-performance of the obligation by the Participant, the client is not entitled to claim anycompensation either from the Investor Protection Fund or from any fund of NSEIL or NSCCL.

2.10. In case of any dispute between the Participants and the investors arising out of the MFSS facility, NSEILand / or NSCCL agrees to extend the necessary support for the speedy redressal of the disputes.


87

FOR INDIVIDUAL / NON INDIVIDUAL

Date :

To,

LKP SECURITIES LTD.10th Floor, Nariman Bhavan,

Vinay K. Shah Marg,

Nariman Point,

Mumbai-400021.

Dear Sirs,

This has reference to the client registration formalities completed by me for registering myself / us as aclient with your company for dealing in securities and Derivatives on NSE / BSE, and pursuant to comple-tion of the same the unique client code allotted to me ie. _____________________________________

I hereby confirm that I have received the photocopies of the client registration form, client member agree-ment and the risk disclosure document along with the supporting documents executed by me. I alsoacknowledge receipt of the copies of the DP agreement and POA.

I also confirm the details submitted by me are true, complete and correct to the best of my knowledge andstate that any change in the said details in future would be informed to you upfront by me. In case thechanges are not informed I will be solely responsible for any loss incurred due to the same.

Thanking you,

Yours truly,

X32

Name and Signature of the Client

88


89

Date :

To,



and maintaining running accountRespected Sir,I/We have entered into Member constituent agreementsprescribed for trading on NSE and BSE. Pursuant to completion of registration formalities you have allocatedthe above said client code to me’/ us and we wish to commence trading on BSE and NSE on all segments.I hereby willfully and unconditionally issue following standing instructions with references to personal discussionbetween us for my operational convenience.1. I / we will make payments to you for bills raised by you. I / we am / are agreeable for maintaining running

account and instruct you that no Cheque / Shares be issued to me / us towards credit balance in myaccount, unless specifically demanded by me / us and only to the extent of amount demanded by me /us.


3. I / we am / are agreeable for transfer of credit balances in margin account / client account of cashsegment towards adjustment debit balance in margin account /client account of derivatives segmentand vise versa.

4. I / we am / are agreeable for transfer of credit balances in margin account /client account of cash andderivatives segment of (BSE) against debit balance in margin account /client account of cash andderivatives segment of (NSE) and vice versa.

5. I / we am / are agreeable for inter-settlement transfer of securities towards pay-in/pay-out of securities inthe future /past settlements.

6. I / we am / are agreeable for and authorise you to withheld funds pay-out towards all the applicablemargins and debits.

7. As regards the placement of orders, although you had insisted on written instruction for placing orders,considering the practical difficulties faced by me / us in complying the same, I / we would request you toaccept orders placed orally on telephone.

I am aware that the above mentioned points are voluntary and I have an authority to set aside or revoke anyof them whenever I want to. These standing instructions shall be valid for a period of one year (from the dateof this letter) or until revoked whichever is earlier I / We instruct you to settle my account on monthlybasis quarterly basis



90


91

Date :

To,



and maintaining running accountRespected Sir,I/We have entered into Member constituent agreementsprescribed for trading on NSE and BSE. Pursuant to completion of registration formalities you have allocatedthe above said client code to me’/ us and we wish to commence trading on BSE and NSE on all segments.I hereby willfully and unconditionally issue following standing instructions with references to personal discussionbetween us for my operational convenience.1. I / we will make payments to you for bills raised by you. I / we am / are agreeable for maintaining running

account and instruct you that no Cheque / Shares be issued to me / us towards credit balance in myaccount, unless specifically demanded by me / us and only to the extent of amount demanded by me /us.


3. I / we am / are agreeable for transfer of credit balances in margin account / client account of cashsegment towards adjustment debit balance in margin account /client account of derivatives segmentand vise versa.

4. I / we am / are agreeable for transfer of credit balances in margin account /client account of cash andderivatives segment of (BSE) against debit balance in margin account /client account of cash andderivatives segment of (NSE) and vice versa.

5. I / we am / are agreeable for inter-settlement transfer of securities towards pay-in/pay-out of securitiesin the future /past settlements.

6. I / we am / are agreeable for and authorise you to withheld funds pay-out towards all the applicablemargins and debits.

7. As regards the placement of orders, although you had insisted on written instruction for placing orders,considering the practical difficulties faced by me / us in complying the same, I / we would request youto accept orders placed orally on telephone.

I am aware that the above mentioned points are voluntary and I have an authority to set aside or revoke anyof them whenever I want to. These standing instructions shall be valid for a period of one year (from the dateof this letter) or until revoked whichever is earlier I / We instruct you to settle my account on monthlybasis quarterly basis



92


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