krishna multifarious apr15 - K M C Ac.Opening Form (BSE).pdf · the stock exchange(s) ......

Annexure-1

INDEX

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

MANDATORY DOCUMENTS AS PRESCRIBED BY SEBI & EXCHANGES

1 Account Opening Form A. KYC form - Document captures the basic information 3 to 9about the constituent and an instruction/check list.

B. Document captures the additional information about 10 to 13the constituent relevant to trading account andan instruction/check list.

2 Rights and Obligations Document stating the Rights & Obligations of stock 14 to 18broker/trading member, sub-broker and client for tradingon exchanges (including additional rights & obligationsin case of internet/wireless technology based trading).

3 Risk Disclosure Document Document detailing risks associated with dealing in 19 to 22(RDD) the securities market.

4 Guidance note Document detailing do’s and don’ts for trading on 23 to 24exchange, for the education of the investors.

5 Policies and Procedures Document describing significant policies and procedures 25 to 26of the stock broker (to be added by the stock broker).

6 Tariff sheet Document detailing the rate/amount of brokerage and 27other charges levied on the client for trading onthe stock exchange(s) (to be added by the stock broker).

VOLUNTARY DOCUMENTS AS PROVIDED BY THE STOCK BROKER

7 Voluntary document-1 for Documents showing voluntary consents for smoother 28 to 37smoother account operations operational convenience of trading account which

can be revoked at any point of time

8 Volunatary Document-2 Document showing voluntary clauses for running account 38 to 40for Running Account maintenance, e-mail id and mobile no. for receiving SMSsAuthorisation etc. which can be revoked at any point of time

9 Document showing some General Note about Anti Money Laundering to Investors 41basic information about of Stock Market / Clients of Stock BrokerAnti-money laundering

Name of stock broker/trading member/clearing member: KRISHNA MULTIFARIOUS CONSULTANCY PVT. LTD.Details of SEBI Registration Numbers and Date:

Exchange CM Segment F&O / EquityDerivatives Segment

BSE INB011399533 INF011399533[12-8-2010] [12-8-2010]

ACCOUNT OPENING KIT

Exchange and Segment Details of Clearning Member

BSE F&O Segment ICICI Bank Ltd. (Member Code : 1207)Registered Office : Landmark, Race Course Circle, Vadodara-390 007Corp. Office : ICICI Bank Towers, Bandra-Kurla Complex, Mumbai-400 051.SEBI Regn. No. : INF011133446

Registered office address : 09, Dharti Complex, Near Eye Hospital, Unjha-384170, Gujarat.Phone : 02767-255441 Fax : 02767-255441

Website: www.kmcindia.net

CIN No. : U74140GJ2008PTC054387Correspondence office address : SAME AS ABOVE

Compliance officer’s details : MR. AMIT M. JAYSWALPhone : 9376350551E-mail : [email protected]

CEO’s details : MR. AMIT M. JAYSWALPhone : 9376350551E-mail : [email protected]

For any grievance/dispute please contact stock broker (Krishna Multifarious Consultancy Pvt. Ltd. ) at the above

address or email id : [email protected] and no. 02767-255441. In case not satisfied with the response,please contact the concerned exchange(s) as per following details:

In case not satisfied with the response, please contact the BSE Investor Service center, Ahmedabad [email protected] and Phone No. 91-79-26462992.

Exchange e-mail id Phone no.

BSE [email protected] 022-22728097

[ 2 ] KRISHNA MULTIFARIOUS CONSULTANCY PVT. LTD.

INSTRUCTIONS / CHECK LIST FOR FILLING KYC FORM

A. IMPORTANT POINTS:

1. Self attested copy of PAN card is mandatory for all clients,including Promoters/Partners/Karta/Trustees and whole timedirectors and persons authorized to deal in securities onbehalf of company/firm/others.

2. Copies of all the documents submitted by the applicant shouldbe self-attested and accompanied by originals for verification.In case the original of any document is not produced forverification, then the copies should be properly attested byentities authorized for attesting the documents, as per thebelow mentioned list.

3. If any proof of identity or address is in a foreign language,then translation into English is required.

4. Name & address of the applicant mentioned on the KYCform, should match with the documentary proof submitted.

5. If correspondence & permanent address are different, thenproofs for both have to be submitted.

6. Sole proprietor must make the application in his individualname & capacity.

7. For non-residents and foreign nationals,(allowed to tradesubject to RBI and FEMA guidelines), copy of passport/PIOCard/OCICard and overseas address proof is mandatory.

8. For foreign entities, CIN is optional; and in the absence ofDIN no. for the directors, their passport copy should begiven.

9. In case of Merchant Navy NRI’s, Mariner’s declaration orcertified copy of CDC (Continuous Discharge Certificate) isto be submitted.

10. For opening an account with Depository participant or MutualFund, for a minor, photocopy of the School Leaving Certificate/Mark sheet issued by Higher Secondary Board/Passport ofMinor/Birth Certificate must be provided.

11. Politically Exposed Persons (PEP) are defined as individualswho are or have been entrusted with prominent publicfunctions in a foreign country, e.g., Heads of States or ofGovernments, senior politicians, senior Government/judicial/military officers, senior executives of state ownedcorporations, important political party officials, etc.

B. Proof of Identity (POI): List of documents admissible as Proofof Identity:

1. PAN card with photograph. This is a mandatory requirementfor all applicants except those who are specifically execptfrom obtaiing PAN (listed in Section D).

2. Unique Identification Number (UID) (Aadhaar)/Passport/VoterID card/Driving license.

3. Identity card/ document with applicant’s Photo, issued byany of the following: Central/State Government and itsDepartments, Statutory/Regulatory Authorities, Public SectorUndertakings, Scheduled Commercial Banks, Public FinancialInstitutions, Colleges affiliated to Universities, ProfessionalBodies such as ICAI, ICWAI, ICSI, Bar Council etc., to theirMembers; and Credit cards/Debit cards issued by Banks.

C. Proof of Address (POA): List of documents admissible as Proofof Address: (*Documents having an expiry date should be validon the date of submission.)

1. Passport/Voters Identity Card/Ration Card/Registered Leaseor Sale Agreement of Residence/Driving License/FlatMaintenance bill/Insurance Copy.

2. Utility bills like Telephone Bill (only land line), Electricity billor Gas bill - Not more than 3 months old.

3. Bank Account Statement/Passbook-Not more than 3 monthsold.

4. Self-declaration by High Court and Supreme Court judges,giving the new address in respect of their own accounts.

5. Proof of address issued by any of the following: BankManagers of Scheduled Commercial Banks/Scheduled Co-Operative Bank/Multinational Foreign Banks/Gazetted Officer/Notary public/Elected representatives to the LegislativeAssembly/Parliament/Documents issued by any Govt. orStatutory Authority.

6. Identity card/document with address, issued by any of thefollowing: Central/State Government and its Departments,Statutory/Regulatory Authorities, Public Sector Undertakings,Scheduled Commercial Banks, Public Financial Institutions,Colleges affiliated to Universities and Professional Bodiessuch as ICAI, ICWAI, ICSI, Bar Council etc.,to their Members.

7. For FII/sub account, Power of Attorney given by FII/sub-account to the Custodians (which are duly notarized and/orapostiled or consularised) that gives the registered addressshould be taken.

8. The proof of address in the name of the spouse may beaccepted.

D. Exemptions/clarifications to PAN

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

1. In case of transactions undertaken on behalf of CentralGovernment and/or State Government and by officialsappointed by Courts e.g. Official liquidator, Court receiveretc.

2. Investors residing in the state of Sikkim.

3. UN entities/multilateral agencies exempt from paying taxes/filing tax returns in India.

4. SIP of Mutual Funds upto Rs 50,000/- p.a.

5. In case of institutional clients, namely, FIIs, Mfs, VCFs,FVCIs, Scheduled Commercial Banks, Multilateral andBilateral Development Financial Institutions, State IndustrialDevelopment Corporations, Insurance Companies registeredwith IRDA and Public Financial Institution as defined undersection 4A of the Companies Act, 1956, Custodians shallverify the PAN card details with the original PAN card andprovide duly certified copies of such verified PAN details tothe intermediary.

E. List of people authorized to attest the documents:

1. Notary Public, Gazetted Officer, Manager of a ScheduledCommercial/Co-operative Bank or Multinational ForeignBanks (Name, Designation & Seal should be affixed on thecopy).

2. In case of NRIs, authorized officials of overseas branchesof Scheduled Commercial Banks registered in India, NotaryPublic, Court Magistrate, Judge, Indian Embassy/ConsulateGeneral in the country where the client resides are permittedto attest the documents.


CIN No. : U74140GJ2008PTC054387


This

page

is in

tent

iona

lly le

ft bl

ank.

KRISHNA MULTIFARIOUS CONSULTANCY PVT. LTD. [ 9 ]

TRADING ACCOUNT RELATED DETAILS FOR INDIVIDUALS AND NON-INDIVIDUALS

A. BANK ACCOUNT DETAILS : (Attach proof for all) (Sr. No. 1 will be default A/c.)

IFSC CodeMICRA/c. Type*A/c. No.

1

2

3

* Saving/Current Others: in case of NRI/NRE/NRO

B. DEPOSITORY ACCOUNT DETAILS : (Attach proof for all) (Sr. No. 1 will be default A/c.)

Beneficiary ID(BO ID)

DP IDBeneficiary Name

C. TRADING PREFERENCES

*Please sign in the relevant boxes where you wish to trade. The segment not chosen should be struck off by the client.

Branch AddressBank Name

Depository Name(NSDL / CDSL)

Depository ParticipantName

BSE CashSegment Signature of Applicant

D. PAST ACTIONSDetails of any action/proceedings initiated/pending/ taken by SEBI/ Stock exchange/any other authorityagainst the applicant/constituent or its Partners/promoters/whole time directors/authorized persons incharge of dealing in securities during the last 3 years : Yes No

If “Yes”, give details :

1

2

3

NOTE : In case of more than 2 pl. attach separate sheet duly signed.

F&OSegment Signature of Applicant

FOR TRADING ACCOUNT

(3)

OTHER DETAILS [INDIVIDUALS] :

1. Gross Annual Income Details (Please tick ( )) : Below 1 Lac 1-5 Lac 5-10 Lac 10-25 Lac > 25 Lacs OR

Networth in `̀̀̀̀_____________________________________ as on (date) D D – M M – Y Y Y Y(Networth should not be older than 1 year)

2. Occupation (Please tick ( ) any one and give brief details) : Private Sector Service Public Sector GovernmentService Business Professional Agriculturist Retired Housewife Student Private Forex Dealer Others (please specify) ____________________________________

3. Please tick, if applicable : Politically Exposed Person Related to a Politically Exposed PersonFor definition of PEP, please refer guideline

4. Any other Information : ______________________________________________________________________________

OTHER DETAILS [NON-INDIVIDUALS] :

1. Gross Annual Income Details (Please tick ( )) : Below 1 Lac 1-5 Lac 5-10 Lac 10-25 Lac 25 Lacs -1 Crore > 1 Crore

2. Networth in `̀̀̀̀_____________________________________ as on (date) D D – M M – Y Y Y Y(Networth should not be older than 1 year)

3. Is the entity involved / providing any of the following services : Yes No– For Foreign Exchange / Money Changer Serivces Yes No – Gaming/Gambling/Lottery Serivces (e.g. casinos, betting syndicates) Yes No– Money Lending / Pawning Yes No

4. Any other Information : ______________________________________________________________________________

(4)


E. DEALINGS THROUGH SUB-BROKERS AND OTHER STOCK BROKERS

If client is dealing through the sub-broker, provide the following details

Sub-broker’s Name

SEBI Registration number

Registered office address

Phone Fax Website

Whether dealing with any other stock broker/sub-broker(if case dealing with multiple stock brokers/sub-brokers, provide details of all)

Name of stock broker

Name of Sub-Broker, if any

Client Code Exchange

Details of disputes/dues pending from/to such stock broker/sub- broker

F. ADDITIONAL DETAILS

Whether you wish to receive physical contract note or Electronic Contract Note (ECN) (please specify)

Specify your Email id, if applicable

Whether you wish to avail of the facility of internet trading/ wireless technology (please specify)

Number of years of Investment/Trading Experience

In case of non-individuals, name, designation, PAN, UID, signature, residential address and photographs of personsauthorized to deal in securities on behalf of company/firm/others

Not Applicable / As per Annexure

Any other information

G. INTRODUCER DETAILS (optional)

Name of the Introducer

Status of the Introducer Sub-broker Remisier Authorized Person Existing Client Others, please specify

Address and Phone no.

of the Introducer

Signature of the Introducer

H. NOMINATION DETAILS (for individuals only) :

I/We wish to nominate I/We do not wish to nominate

Name of the Nominee Relationship with the Nominee

PAN of Nominee Date of Birth of Nominee

Address and Phone no.of the Nominee

If Nominee is a minor, details of guardian

Name of guardian

Address and Phone no.of Guardian

Signature of Guardian


Signature of Client /(all) authorized Signatory (ies)

Place : _____________________________

Date : — —

WITNESSES (Only applicable in case the account holder has made nomination)

Name Name

Signature Signature

Address & Address &

Phone Phone

DECLARATION :

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

2. I/We confirm having read/been explained and understood the contents of the document on policy andprocedures of the stock broker and the tariff sheet.

3. I/We further confirm having read and understood the contents of the ‘Rights and Obligations’ document(s)and ‘Risk Disclosure Document’. I/We do hereby agree to be bound by such provisions as outlined in thesedocuments. I/We have also been informed that the standard set of documents has been displayed forInformation on stock broker’s designated website, if any.

(5)

2 0 1


ANNEXURE

Passport size

photography only

(Sign across)

Passport size

photography only

(Sign across)

Passport size

photography only

(Sign across)

(1) (2) (3)

S.No. Name of Authorised Signatories Signature(s) along with Seal

1.

2.

3.

Individual’s Full Name

Residential Address

City PIN State Country

Phone E-mail

Designation Date of Birth Gender Male Female

PAN UID

DIN Nationality Indian Others (Specify)


Residential Address


Phone E-mail


PAN UID



Residential Address


Phone E-mail


PAN UID


Attach recent passport size photographs of Authorised Signatories in the space provided below :

DETAILS OF AUTHORISED SIGNATORIES


FOR OFFICE USE ONLY:UCC Code allotted to the Client : ________________________________________________________

Documents verified Client In-Person Verificationwith Originals Interviewed By done by

Name of the Employee

Employee Code

Designation of the employee

Date

Signature

I / We undertake that we have made the client aware of ‘Policy and Procedures’, tariff sheet and all the non-mandatory documents. I/We have also made the client aware of ‘Rights and Obligations’ document (s), RDD andGuidance Note. I/We have given/sent him a copy of all the KYC documents. I/We undertake that any change inthe ‘Policy and Procedures’, tariff sheet and all the non-mandatory documents would be duly intimated tothe clients. I/We also undertake that any change in the ‘Rights and Obligations’ and RDD would be made availableon my/our website, if any, for the information of the clients.

Date : — —__________________________________

(Seal / Stamp)

Signature of Authorised Signatory

For, KRISHNA MULTIFARIOUS CONSULTANCY PVT. LTD.

INSTRUCTIONS / CHECK LIST

1. Additional documents in case of trading in derivatives segments - illustrative list:

Copy of ITR Acknowledgement Copy of Annual Accounts

In case of salary income - Salary Slip, Copy of Form 16 Net worth certificate

Copy of demat account holding statement. Bank account statement for last 6 months

Any other relevant documents substantiating ownership Self declaration with relevant supportingof assets documents.

*In respect of other clients, documents as per risk management policy of the stock broker need to be provided bythe client from time to time.

2. Copy of cancelled cheque leaf/ pass book/bank statement specifying name of the constituent, MICR Code or/andIFSC Code of the bank should be submitted.

3. Demat master or recent holding statement issued by DP bearing name of the client.

4. FOR INDIVIDUALS:

a. Stock broker has an option of doing ‘in-person’ verification through web camera at the branch office of thestock broker/sub-broker’s office.

b. In case of non-resident clients, employees at the stock broker’s local office, overseas can do in-person’ verification.Further, considering the infeasibility of carrying out ‘In-person’ verification of the non-resident clients by thestock broker’s staff, attestation of KYC documents by Notary Public, Court, Magistrate, Judge, Local Banker,Indian Embassy / Consulate General in the country where the client resides may be permitted.

5. FOR NON-INDIVIDUALS:

a. Form need to be initialized by all the authorized signatories.

b. Copy of Board Resolution or declaration (on the letterhead) naming the persons authorized to deal in securitieson behalf of company/firm/others and their specimen signatures.

2 0 1


RIGHTS & OBLIGATIONS OF STOCK BROKERS, SUB-BROKERS AND CLIENTS(As prescribed by SEBI and Stock Exchanges)

1. The client shall invest/trade in those securities/contracts/other instruments admitted to dealingson the Exchanges as defined in the Rules, Byelawsand Regulations of Exchanges/ Securities andExchange Board of India (SEBI) and circulars/notices issued there under from time to time.

2. The stock broker, sub-broker and the client shallbe bound by all the Rules, Byelaws and Regulationsof the Exchange and circulars/notices issued thereunder and Rules and Regulations of SEBI andrelevant notifications of Government authoritiesas may be in force from time to time.

3. The client shall satisfy itself of the capacity of thestock broker to deal in securities and/or deal inderivatives contracts and wishes to execute itsorders through the stock broker and the clientshall from time to time continue to satisfy itself ofsuch capability of the stock broker beforeexecuting orders through the stock broker.

4. The stock broker shall continuously satisfy itselfabout the genuineness and financial soundness ofthe client and investment objectives relevant tothe services to be provided.

5. The stock broker shall take steps to make the clientaware of the precise nature of the Stock broker’sliability for business to be conducted, including anylimitations, the liability and the capacity in whichthe stock broker acts.

6. The sub-broker shall provide necessary assistanceand co-operate with the stock broker in all itsdealings with the client(s).

CLIENT INFORMATION

7. The client shall furnish all such details in full as arerequired by the stock broker in “Account OpeningForm” with supporting details, made mandatoryby stock exchanges/SEBI from time to time.

8. The client shall familiarize himself with all themandatory provisions in the Account Openingdocuments. Any additional clauses or documentsspecified by the stock broker shall be non-mandatory, as per terms & conditions accepted bythe client.

9. The client shall immediately notify the stock brokerin writing if there is any change in the informationin the ‘account opening form’ as provided at thetime of account opening and thereafter; includingthe information on winding up petition/insolvency

petition or any litigation which may have materialbearing on his capacity. The client shall provide/update the financial information to the stockbroker on a periodic basis.

10. The stock broker and sub-broker shall maintain allthe details of the client as mentioned in theaccount opening form or any other informationpertaining to the client, confidentially and thatthey shall not disclose the same to any person/authority except as required under any law/regulatory requirements. Provided however thatthe stock broker may so disclose informationabout his client to any person or authority with theexpress permission of the client.

MARGINS

11. The client shall pay applicable initial margins,withholding margins, special margins or such othermargins as are considered necessary by the stockbroker or the Exchange or as may be directed bySEBI from time to time as applicable to thesegment(s) in which the client trades. The stockbroker is permitted in its sole and absolutediscretion to collect additional margins (eventhough not required by the Exchange, ClearingHouse/Clearing Corporation or SEBI) and the clientshall be obliged to pay such margins within thestipulated time.

12. The client understands that payment of marginsby the client does not necessarily imply completesatisfaction of all dues. In spite of consistentlyhaving paid margins, the client may, on thesettlement of its trade, be obliged to pay (orentitled to receive) such further sums as thecontract may dictate/require.

TRANSACTIONS AND SETTLEMENTS

13. The client shall give any order for buy or sell of asecurity/derivatives contract in writing or in suchform or manner, as may be mutually agreedbetween the client and the stock broker. The stockbroker shall ensure to place orders and executethe trades of the client, only in the Unique ClientCode assigned to that client.

14. The stock broker shall inform the client and keephim apprised about trading/settlement cycles,delivery/payment schedules, any changes thereinfrom time to time, and it shall be the responsibilityin turn of the client to comply with such

FOR TRADING ACCOUNT MANDATORY


schedules/procedures of the relevant stockexchange where the trade is executed.

15. The stock broker shall ensure that the money/securities deposited by the client shall be kept ina separate account, distinct from his/its ownaccount or account of any other client and shallnot be used by the stock broker for himself/itselfor for any other client or for any purpose otherthan the purposes mentioned in Rules,Regulations, circulars, notices, guidelines of SEBIand/or Rules, Regulations, Bye-laws, circulars andnotices of Exchange.

16. Where the Exchange(s) cancels trade(s) suo motoall such trades including the trade/s done onbehalf of the client shall ipso facto stand cancelled,stock broker shall be entitled to cancel therespective contract(s) with client(s).

17. The transactions executed on the Exchange aresubject to Rules, Byelaws and Regulations andcirculars/notices issued thereunder of theExchanges where the trade is executed and allparties to such trade shall have submitted to thejurisdiction of such court as may be specified bythe Byelaws and Regulations of the Exchangeswhere the trade is executed for the purpose ofgiving effect to the provisions of the Rules, Byelawsand Regulations of the Exchanges and thecirculars/notices issued thereunder.

BROKERAGE

18. The Client shall pay to the stock broker brokerageand statutory levies as are prevailing from time totime and as they apply to the Client’s account,transactions and to the services that stock brokerrenders to the Client. The stock broker shall notcharge brokerage more than the maximumbrokerage permissible as per the rules, regulationsand bye-laws of the relevant stock exchanges and/or rules and regulations of SEBI.

LIQUIDATION AND CLOSE OUT OF POSITION

19. Without prejudice to the stock broker’s otherrights (including the right to refer a matter toarbitration), the client understands that the stockbroker shall be entitled to liquidate/close out allor any of the client’s positions for non- paymentof margins or other amounts, outstanding debts,etc. and adjust the proceeds of such liquidation/close out, if any, against the client’s liabilities/obligations. Any and all losses and financial chargeson account of such liquidation/closing-out shall becharged to and borne by the client.

20. In the event of death or insolvency of the clientor his/its otherwise becoming incapable ofreceiving and paying for or delivering ortransferring securities which the client has orderedto be bought or sold, stock broker may close outthe transaction of the client and claim losses, ifany, against the estate of the client. The client orhis nominees, successors, heirs and assignee shallbe entitled to any surplus which may result therefrom. The client shall note that transfer of funds/securities in favor of a Nominee shall be validdischarge by the stock broker against the legal heir.

21. The stock broker shall bring to the notice of therelevant Exchange the information about defaultin payment/delivery and related aspects by aclient. In case where defaulting client is acorporate entity/partnership/proprietary firm orany other artificial legal entity, then the name(s)of Director(s)/Promoter(s)/Partner(s)/Proprietor asthe case may be, shall also be communicated bythe stock broker to the relevant Exchange(s).

DISPUTE RESOLUTION

22. The stock broker shall provide the client with therelevant contact details of the concernedExchanges and SEBI.

23. The stock broker shall co-operate in redressinggrievances of the client in respect of alltransactions routed through it and in removingobjections for bad delivery of shares, rectificationof bad delivery, etc.

24. The client and the stock broker shall refer anyclaims and/or disputes with respect to deposits,margin money, etc., to arbitration as per the Rules,Byelaws and Regulations of the Exchanges wherethe trade is executed and circulars/notices issuedthereunder as may be in force from time to time.

25. The stock broker shall ensure faster settlement ofany arbitration proceedings arising out of thetransactions entered into between him vis-à-visthe client and he shall be liable to implement thearbitration awards made in such proceedings.

26. The client/stock-broker understands that theinstructions issued by an authorized representativefor dispute resolution, if any, of the client/stock-broker shall be binding on the client/stock-brokerin accordance with the letter authorizing the saidrepresentative to deal on behalf of the said client/stock-broker.

TERMINATION OF RELATIONSHIP27. This relationship between the stock broker and the

client shall be terminated; if the stock broker forany reason ceases to be a member of the stock


exchange including cessation of membership byreason of the stock broker’s default, death,resignation or expulsion or if the certificate iscancelled by the Board.

28. The stock broker, sub-broker and the client shallbe entitled to terminate the relationship betweenthem without giving any reasons to the otherparty, after giving notice in writing of not less thanone month to the other parties. Notwithstandingany such termination, all rights, liabilities andobligations of the parties arising out of or inrespect of transactions entered into prior to thetermination of this relationship shall continue tosubsist and vest in/be binding on the respectiveparties or his/its respective heirs, executors,administrators, legal representatives or successors,as the case may be.

29. In the event of demise/insolvency of the sub-broker or the cancellation of his/its registrationwith the Board or/withdrawal of recognition of thesub-broker by the stock exchange and/ortermination of the agreement with the sub brokerby the stock broker, for any reason whatsoever, theclient shall be informed of such termination andthe client shall be deemed to be the direct clientof the stock broker and all clauses in the ‘Rightsand Obligations’ document(s) governing the stockbroker, sub-broker and client shall continue to bein force as it is, unless the client intimates to thestock broker his/its intention to terminate theirrelationship by giving a notice in writing of not lessthan one month.

ADDITIONAL RIGHTS AND OBLIGATIONS30. The stock broker shall ensure due protection to

the client regarding client’s rights to dividends,rights or bonus shares, etc. in respect oftransactions routed through it and it shall not doanything which is likely to harm the interest of theclient with whom and for whom they may havehad transactions in securities.

31. The stock broker and client shall reconcile andsettle their accounts from time to time as per theRules, Regulations, Bye Laws, Circulars, Noticesand Guidelines issued by SEBI and the relevantExchanges where the trade is executed.

32. The stock broker shall issue a contract note to hisconstituents for trades executed in such format asmay be prescribed by the Exchange from time totime containing records of all transactionsincluding details of order number, trade number,trade time, trade price, trade quantity, details ofthe derivatives contract, client code, brokerage, allcharges levied etc. and with all other relevantdetails as required therein to be filled in and issuedin such manner and within such time as prescribed

by the Exchange. The stock broker shall sendcontract notes to the investors within one workingday of the execution of the trades in hard copyand/or in electronic form using digital signature.

33. The stock broker shall make pay out of funds ordelivery of securities, as the case may be, to theClient within one working day of receipt of thepayout from the relevant Exchange where thetrade is executed unless otherwise specified by theclient and subject to such terms and conditions asmay be prescribed by the relevant Exchange fromtime to time where the trade is executed.

34. The stock broker shall send a complete ‘Statementof Accounts’ for both funds and securities inrespect of each of its clients in such periodicity andformat within such time, as may be prescribed bythe relevant Exchange, from time to time, wherethe trade is executed. The Statement shall alsostate that the client shall report errors, if any, inthe Statement within such time as may beprescribed by the relevant Exchange from time totime where the trade was executed, from thereceipt thereof to the Stock broker.

35. The stock broker shall send daily marginstatements to the clients. Daily Margin statementshould include, inter- alia, details of collateraldeposited, collateral utilized and collateral status(available balance/due from client) with break upin terms of cash, Fixed Deposit Receipts (FDRs),Bank Guarantee and securities.

36. The Client shall ensure that it has the requiredlegal capacity to, and is authorized to, enter intothe relationship with stock broker and is capableof performing his obligations and undertakingshereunder. All actions required to be taken toensure compliance of all the transactions, whichthe Client may enter into shall be completed bythe Client prior to such transaction being enteredinto.

ELECTRONIC CONTRACT NOTES (ECN)

37. In case, client opts to receive the contract note inelectronic form, he shall provide an appropriate e-mail id to the stock broker. The client shallcommunicate to the stock broker any change inthe email-id through a physical letter. If the clienthas opted for internet trading, the request forchange of email id may be made through thesecured access by way of client specific user id andpassword.

38. The stock broker shall ensure that all ECNs sentthrough the e-mail shall be digitally signed,encrypted, non-tamper able and in compliancewith the provisions of the IT Act, 2000. In case,ECN is sent through e-mail as an attachment, the


attached file shall also be secured with the digitalsignature, encrypted and non-tamperable.

39. The client shall note that non-receipt of bouncedmail notification by the stock broker shall amountto delivery of the contract note at the e-mail IDof the client.

40. The stock broker shall retain ECN andacknowledgement of the e-mail in a soft and non-tamperable form in the manner prescribed by theexchange in compliance with the provisions of theIT Act, 2000 and as per the extant rules/regulations/circulars/guidelines issued by SEBI/Stock Exchanges from time to time. The proof ofdelivery i.e., log report generated by the systemat the time of sending the contract notes shall bemaintained by the stock broker for the specifiedperiod under the extant regulations of SEBI/stockexchanges. The log report shall provide the detailsof the contract notes that are not delivered to theclient/e-mails rejected or bounced back. The stockbroker shall take all possible steps to ensurereceipt of notification of bounced mails by him atall times within the stipulated time period underthe extant regulations of SEBI/stock exchanges.

41. The stock broker shall continue to send contractnotes in the physical mode to such clients who donot opt to receive the contract notes in theelectronic form. Wherever the ECNs have not beendelivered to the client or has been rejected(bouncing of mails) by the e-mail ID of the client,the stock broker shall send a physical contract noteto the client within the stipulated time under theextant regulations of SEBI/stock exchanges andmaintain the proof of delivery of such physicalcontract notes.

42. In addition to the e-mail communication of theECNs to the client, the stock broker shallsimultaneously publish the ECN on his designatedweb-site, if any, in a secured way and enablerelevant access to the clients and for this purpose,shall allot a unique user name and password to theclient, with an option to the client to save thecontract note electronically and/or take a print outof the same.

LAW AND JURISDICTION

43. In addition to the specific rights set out in thisdocument, the stock broker, sub-broker and theclient shall be entitled to exercise any other rightswhich the stock broker or the client may haveunder the Rules, Bye-laws and Regulations of theExchanges in which the client chooses to trade andcirculars/notices issued thereunder or Rules andRegulations of SEBI.

44. The provisions of this document shall always besubject to Government notifications, any rules,regulations, guidelines and circulars/notices issuedby SEBI and Rules, Regulations and Bye laws of therelevant stock exchanges, where the trade isexecuted, that may be in force from time to time.

45. The stock broker and the client shall abide by anyaward passed by the Arbitrator(s) under theArbitration and Conciliation Act, 1996. However,there is also a provision of appeal within the stockexchanges, if either party is not satisfied with thearbitration award.

46. Words and expressions which are used in thisdocument but which are not defined herein shall,unless the context otherwise requires, have thesame meaning as assigned thereto in the Rules,Byelaws and Regulations and circulars/noticesissued thereunder of the Exchanges/SEBI.

47. All additional voluntary clauses/document addedby the stock broker should not be in contraventionwith rules/regulations/notices/circulars ofExchanges/SEBI. Any changes in such voluntaryclauses/document(s) need to be preceded by anotice of 15 days. Any changes in the rights andobligations which are specified by Exchanges/SEBIshall also be brought to the notice of the clients.

48. If the rights and obligations of the parties heretoare altered by virtue of change in Rules andregulations of SEBI or Bye-laws, Rules andRegulations of the relevant stock Exchanges wherethe trade is executed, such changes shall bedeemed to have been incorporated herein inmodification of the rights and obligations of theparties mentioned in this document.


1. Stock broker is eligible for providing Internet basedtrading (IBT) and securities trading through the useof wireless technology that shall include the use ofdevices such as mobile phone, laptop with datacard, etc. which use Internet Protocol (IP). The stockbroker shall comply with all requirementsapplicable to internet based trading/securitiestrading using wireless technology as may bespecified by SEBI & the Exchanges from time totime.

2. The client is desirous of investing/trading insecurities and for this purpose, the client is desirousof using either the internet based trading facilityor the facility for securities trading through use ofwireless technology. The Stock broker shall providethe Stock broker’s IBT Service to the Client, and theClient shall avail of the Stock broker’s IBT Service,on and subject to SEBI/Exchanges Provisions andthe terms and conditions specified on the Stockbroker’s IBT Web Site provided that they are in linewith the norms prescribed by Exchanges/SEBI.

3. The stock broker shall bring to the notice of clientthe features, risks, responsibilities, obligations andliabilities associated with securities trading throughwireless technology/internet/smart order routingor any other technology should be brought to thenotice of the client by the stock broker.

4. The stock broker shall make the client aware thatthe Stock Broker’s IBT system itself generates theinitial password and its password policy asstipulated in line with norms prescribed byExchanges/SEBI.

5. The Client shall be responsible for keeping theUsername and Password confidential and secureand shall be solely responsible for all orders enteredand transactions done by any person whosoeverthrough the Stock broker’s IBT System using theClient’s Username and/or Password whether or notsuch person was authorized to do so. Also the clientis aware that authentication technologies and strictsecurity measures are required for the internettrading/securities trading through wirelesstechnology through order routed system and

undertakes to ensure that the password of theclient and/or his authorized representative are notrevealed to any third party including employees anddealers of the stock broker.

6. The Client shall immediately notify the Stock brokerin writing if he forgets his password, discoverssecurity flaw in Stock Broker’s IBT System,discovers/suspects discrepancies/unauthorizedaccess through his username/password/accountwith full details of such unauthorized use, the date,the manner and the transactions effected pursuantto such unauthorized use, etc.

7. The Client is fully aware of and understands therisks associated with availing of a service for routingorders over the internet/securities trading throughwireless technology and Client shall be fully liableand responsible for any and all acts done in theClient’s Username/password in any mannerwhatsoever.

8. The stock broker shall send the order/tradeconfirmation through email to the client at hisrequest. The client is aware that the order/ tradeconfirmation is also provided on the web portal. Incase client is trading using wireless technology, thestock broker shall send the order/tradeconfirmation on the device of the client.

9. The client is aware that trading over the internetinvolves many uncertain factors and complexhardware, software, systems, communication lines,peripherals, etc. are susceptible to interruptionsand dislocations. The Stock broker and theExchange do not make any representation orwarranty that the Stock broker’s IBT Service will beavailable to the Client at all times without anyinterruption.

10. The Client shall not have any claim against theExchange or the Stock broker on account of anysuspension, interruption, non-availability ormalfunctioning of the Stock broker’s IBT System orService or the Exchange’s service or systems or non-execution of his orders due to any link/systemfailure at the Client/Stock brokers/Exchange end forany reason beyond the control of the stock broker/Exchanges.

(All the clauses mentioned in the ‘Rights and Obligations’ document(s) shall be applicable. Additionally,the clauses mentioned herein shall also be applicable.)

INTERNET & WIRELESS TECHNOLOGY BASED TRADING FACILITYPROVIDED BY STOCK BROKERS TO CLIENT



RISK DISCLOSURE DOCUMENT FOR CAPITAL MARKET & DERIVATIVES SEGMENTS

This document contains important information on tradingin Equities/Derivatives Segments of the stock exchanges.All prospective constituents should read this documentbefore trading in Equities/Derivatives Segments of theExchanges.

Stock exchanges/SEBI does neither singly or jointly andexpressly nor impliedly guarantee nor make anyrepresentation concerning the completeness, theadequacy or accuracy of this disclosure document norhave Stock exchanges /SEBI endorsed or passed anymerits of participating in the trading segments. This briefstatement does not disclose all the risks and othersignificant aspects of trading.

In the light of the risks involved, you should undertaketransactions only if you understand the nature of therelationship into which you are entering and the extentof your exposure to risk.

You must know and appreciate that trading in Equityshares, derivatives contracts or other instruments tradedon the Stock Exchange, which have varying element ofrisk, is generally not an appropriate avenue for someoneof limited resources/limited investment and/or tradingexperience and low risk tolerance. You should thereforecarefully consider whether such trading is suitable for youin the light of your financial condition. In case you tradeon Stock exchanges and suffer adverse consequences orloss, you shall be solely responsible for the same andStock exchanges/its Clearing Corporation and/or SEBIshall not be responsible, in any manner whatsoever, forthe same and it will not be open for you to take a pleathat no adequate disclosure regarding the risks involvedwas made or that you were not explained the full riskinvolved by the concerned stock broker. The constituentshall be solely responsible for the consequences and nocontract can be rescinded on that account. You mustacknowledge and accept that there can be no guaranteeof profits or no exception from losses while executingorders for purchase and/or sale of a derivative contractbeing traded on Stock exchanges.

It must be clearly understood by you that your dealingson Stock exchanges through a stock broker shall besubject to your fulfilling certain formalities set out by thestock broker, which may inter alia include your filling theknow your client form, reading the rights and obligations,do’s and don’ts, etc., and are subject to the Rules,Byelaws and Regulations of relevant Stock exchanges, itsClearing Corporation, guidelines prescribed by SEBI andin force from time to time and Circulars as may be issuedby Stock exchanges or its Clearing Corporation and inforce from time to time.

Stock exchanges does not provide or purport to provideany advice and shall not be liable to any person whoenters into any business relationship with any stockbroker of Stock exchanges and/or any third party basedon any information contained in this document. Anyinformation contained in this document must not beconstrued as business advice. No consideration to tradeshould be made without thoroughly understanding andreviewing the risks involved in such trading. If you areunsure, you must seek professional advice on the same.

In considering whether to trade or authorize someoneto trade for you, you should be aware of or must getacquainted with the following:-

1. BASIC RISKS:

1.1 Risk of Higher Volatility:

Volatility refers to the dynamic changes in pricethat a security/derivatives contract undergoeswhen trading activity continues on the StockExchanges. Generally, higher the volatility of asecurity/derivatives contract, greater is its priceswings. There may be normally greater volatility inthinly traded securities / derivatives contracts thanin active securities /derivatives contracts. As aresult of volatility, your order may only be partiallyexecuted or not executed at all, or the price atwhich your order got executed may besubstantially different from the last traded price orchange substantially thereafter, resulting innotional or real losses.

1.2 Risk of Lower Liquidity:

Liquidity refers to the ability of market participantsto buy and/or sell securities / derivatives contractsexpeditiously at a competitive price and withminimal price difference. Generally, it is assumedthat more the numbers of orders available in amarket, greater is the liquidity. Liquidity isimportant because with greater liquidity, it iseasier for investors to buy and/or sell securities /derivatives contracts swiftly and with minimalprice difference, and as a result, investors are morelikely to pay or receive a competitive price forsecurities / derivatives contracts purchased orsold. There may be a risk of lower liquidity in somesecurities / derivatives contracts as compared toactive securities / derivatives contracts. As a result,your order may only be partially executed, or maybe executed with relatively greater price differenceor may not be executed at all.



1.2.1 Buying or selling securities / derivativescontracts as part of a day trading strategymay also result into losses, because in sucha situation, securities / derivatives contractsmay have to be sold / purchased at low /high prices, compared to the expected pricelevels, so as not to have any open positionor obligation to deliver or receive a security/ derivatives contract.

1.3 Risk of Wider Spreads:

Spread refers to the difference in best buy priceand best sell price. It represents the differentialbetween the price of buying a security /derivatives contract and immediately selling it orvice versa. Lower liquidity and higher volatility mayresult in wider than normal spreads for less liquidor illiquid securities / derivatives contracts. This inturn will hamper better price formation.

1.4 Risk-reducing orders:

The placing of orders (e.g., “stop loss” orders, or“limit” orders) which are intended to limit lossesto certain amounts may not be effective many atime because rapid movement in marketconditions may make it impossible to execute suchorders.

1.4.1 A “market” order will be executed promptly,subject to availability of orders on oppositeside, without regard to price and that, whilethe customer may receive a promptexecution of a “market” order, theexecution may be at available prices ofoutstanding orders, which satisfy the orderquantity, on price time priority. It may beunderstood that these prices may besignificantly different from the last tradedprice or the best price in that security /derivatives contract.

1.4.2 A “limit” order will be executed only at the“limit” price specified for the order or abetter price. However, while the customerreceives price protection, there is apossibility that the order may not beexecuted at all.

1.4.3 A stop loss order is generally placed “away”from the current price of a stock /derivatives contract, and such order getsactivated if and when the security /derivatives contract reaches, or tradesthrough, the stop price. Sell stop orders areentered ordinarily below the current price,and buy stop orders are entered ordinarilyabove the current price. When the security

/ derivatives contract reaches the pre -determined price, or trades through suchprice, the stop loss order converts to amarket/limit order and is executed at thelimit or better. There is no assurancetherefore that the limit order will beexecutable since a security / derivativescontract might penetrate the pre-determined price, in which case, the risk ofsuch order not getting executed arises, justas with a regular limit order.

1.5 Risk of News Announcements:

News announcements that may impact the priceof stock / derivatives contract may occur duringtrading, and when combined with lower liquidityand higher volatility, may suddenly cause anunexpected positive or negative movement in theprice of the security / contract.

1.6 Risk of Rumors:

Rumors about companies / currencies at timesfloat in the market through word of mouth,newspapers, websites or news agencies, etc. Theinvestors should be wary of and should desist fromacting on rumors.

1.7 System Risk:

High volume trading will frequently occur at themarket opening and before market close. Suchhigh volumes may also occur at any point in theday. These may cause delays in order execution orconfirmation.

1.7.1 During periods of volatility, on account ofmarket participants continuously modifyingtheir order quantity or prices or placingfresh orders, there may be delays in orderexecution and its confirmations.

1.7.2 Under certain market conditions, it may bedifficult or impossible to liquidate a positionin the market at a reasonable price or at all,when there are no outstanding orderseither on the buy side or the sell side, or iftrading is halted in a security / derivativescontract due to any action on account ofunusual trading activity or security /derivatives contract hitting circuit filters orfor any other reason.

1.8 System/Network Congestion:

Trading on exchanges is in electronic mode, basedon satellite/leased line based communications,combination of technologies and computersystems to place and route orders. Thus, thereexists a possibility of communication failure or


system problems or slow or delayed response fromsystem or trading halt, or any such other problem/glitch whereby not being able to establish accessto the trading system/network, which may bebeyond control and may result in delay inprocessing or not processing buy or sell orderseither in part or in full. You are cautioned to notethat although these problems may be temporaryin nature, but when you have outstanding openpositions or unexecuted orders, these represent arisk because of your obligations to settle allexecuted transactions.

2. As far as Derivatives segments are concerned,please note and get yourself acquainted withthe following additional features:-

2.1 Effect of “Leverage” or “Gearing”:

In the derivatives market, the amount of marginis small relative to the value of the derivativescontract so the transactions are ‘leveraged’ or‘geared’. Derivatives trading, which is conductedwith a relatively small amount of margin, providesthe possibility of great profit or loss in comparisonwith the margin amount. But transactions inderivatives carry a high degree of risk.

You should therefore completely understand thefollowing statements before actually trading inderivatives and also trade with caution whiletaking into account one’s circumstances, financialresources, etc. If the prices move against you, youmay lose a part of or whole margin amount in arelatively short period of time. Moreover, the lossmay exceed the original margin amount.

2.1.1 Futures trading involve daily settlement ofall positions. Every day the open positionsare marked to market based on the closinglevel of the index / derivatives contract. Ifthe contract has moved against you, you willbe required to deposit the amount of loss(notional) resulting from such movement.This amount will have to be paid within astipulated time frame, generally beforecommencement of trading on next day.

2.1.2 If you fail to deposit the additional amountby the deadline or if an outstanding debtoccurs in your account, the stock brokermay liquidate a part of or the whole positionor substitute securities. In this case, you willbe liable for any losses incurred due to suchclose-outs.

2.1.3 Under certain market conditions, aninvestor may find it difficult or impossible to

execute transactions. For example, thissituation can occur due to factors such asilliquidity i.e. when there are insufficientbids or offers or suspension of trading dueto price limit or circuit breakers etc.

2.1.4 In order to maintain market stability, thefollowing steps may be adopted: changes inthe margin rate, increases in the cashmargin rate or others. These new measuresmay also be applied to the existing openinterests. In such conditions, you will berequired to put up additional margins orreduce your positions.

2.1.5 You must ask your broker to provide the fulldetails of derivatives contracts you plan totrade i.e. the contract specifications and theassociated obligations.

2.2 Currency specific risks:

1. The profit or loss in transactions in foreigncurrency-denominated contracts, whetherthey are traded in your own or anotherjurisdiction, will be affected by fluctuationsin currency rates where there is a need toconvert from the currency denomination ofthe contract to another currency.

2. Under certain market conditions, you mayfind it difficult or impossible to liquidate aposition. This can occur, for example whena currency is deregulated or fixed tradingbands are widened.

3. Currency prices are highly volatile. Pricemovements for currencies are influenced by,among other things: changing supply-demand relationships; trade, fiscal,monetary, exchange control programs andpolicies of governments; foreign politicaland economic events and policies; changesin national and international interest ratesand inflation; currency devaluation; andsentiment of the market place. None ofthese factors can be controlled by anyindividual advisor and no assurance can begiven that an advisor’s advice will result inprofitable trades for a participatingcustomer or that a customer will not incurlosses from such events.

2.3 Risk of Option holders:

1. An option holder runs the risk of losing theentire amount paid for the option in arelatively short period of time. This riskreflects the nature of an option as a wasting


asset which becomes worthless when itexpires. An option holder who neither sellshis option in the secondary market norexercises it prior to its expiration willnecessarily lose his entire investment in theoption. If the price of the underlying doesnot change in the anticipated directionbefore the option expires, to an extentsufficient to cover the cost of the option,the investor may lose all or a significant partof his investment in the option.

2. The Exchanges may impose exerciserestrictions and have absolute authority torestrict the exercise of options at certaintimes in specified circumstances.

2.4 Risks of Option Writers:

1. If the price movement of the underlying isnot in the anticipated direction, the optionwriter runs the risks of losing substantialamount.

2. The risk of being an option writer may bereduced by the purchase of other optionson the same underlying interest and therebyassuming a spread position or by acquiringother types of hedging positions in theoptions markets or other markets. However,even where the writer has assumed aspread or other hedging position, the risksmay still be significant. A spread position isnot necessarily less risky than a simple ‘long’or ‘short’ position.

3. Transactions that involve buying and writingmultiple options in combination, or buyingor writing options in combination withbuying or selling short the underlying

interests, present additional risks toinvestors. Combination transactions, such asoption spreads, are more complex thanbuying or writing a single option. And itshould be further noted that, as in any areaof investing, a complexity not wellunderstood is, in itself, a risk factor. Whilethis is not to suggest that combinationstrategies should not be considered, it isadvisable, as is the case with all investmentsin options, to consult with someone who isexperienced and knowledgeable withrespect to the risks and potential rewards ofcombination transactions under variousmarket circumstances.

3. TRADING THROUGH WIRELESS TECHNOLOGY/SMART ORDER ROUTING OR ANY OTHERTECHNOLOGY:

Any additional provisions defining the features,risks, responsibilities, obligations and liabilitiesassociated with securities trading through wirelesstechnology/ smart order routing or any othertechnology should be brought to the notice of theclient by the stock broker.

4. GENERAL

4.1 The term ‘constituent’ shall mean and include aclient, a customer or an investor, who deals witha stock broker for the purpose of acquiring and/or selling of securities / derivatives contractsthrough the mechanism provided by theExchanges.

4.2 The term ‘stock broker’ shall mean and include astock broker, a broker or a stock broker, who hasbeen admitted as such by the Exchanges and whoholds a registration certificate from SEBI.


GUIDANCE NOTE : DO’S AND DON’TS FOR TRADING ONTHE EXCHANGE(S) FOR INVESTORS

BEFORE YOU BEGIN TO TRADE

1. Ensure that you deal with and through only SEBIregistered intermediaries. You may check theirSEBI registration certificate number from the listavailable on the Stock exchanges www.bseindia.com/www.nseindia.com/www.useindia.comand SEBI website www.sebi.gov.in.

2. Ensure that you fill the KYC form completely andstrike off the blank fields in the KYC form.

3. Ensure that you have read all the mandatorydocuments viz. Rights and Obligations, RiskDisclosure Document, Policy and Proceduredocument of the stock broker.

4. Ensure to read, understand and then sign thevoluntary clauses, if any, agreed between you andthe stock broker. Note that the clauses as agreedbetween you and the stock broker cannot bechanged without your consent.

5. Get a clear idea about all brokerage, commissions,fees and other charges levied by the broker on youfor trading and the relevant provisions/ guidelinesspecified by SEBI/Stock exchanges.

6. Obtain a copy of all the documents executed byyou from the stock broker free of charge.

7. In case you wish to execute Power of Attorney(POA) in favour of the Stock broker, authorizing itto operate your bank and demat account, pleaserefer to the guidelines issued by SEBI/Exchanges inthis regard.

TRANSACTIONS AND SETTLEMENTS

8. The stock broker may issue electronic contractnotes (ECN) if specifically authorized by you inwriting. You should provide your email id to thestock broker for the same. Don’t opt for ECN if youare not familiar with computers.

9. Don’t share your internet trading account’spassword with anyone.

10. Don’t make any payment in cash to the stockbroker.

11. Make the payments by account payee cheque infavour of the stock broker. Don’t issue cheques in

the name of sub- broker. Ensure that you have adocumentary proof of your payment/deposit ofsecurities with the stock broker, stating date, scrip,quantity, towards which bank/ demat account suchmoney or securities deposited and from whichbank/ demat account.

12. Note that facility of Trade Verification is availableon stock exchanges’ websites, where details oftrade as mentioned in the contract note may beverified. Where trade details on the website do nottally with the details mentioned in the contractnote, immediately get in touch with the InvestorsGrievance Cell of the relevant Stock exchange.

13. In case you have given specific authorization formaintaining running account, payout of funds ordelivery of securities (as the case may be), may notbe made to you within one working day from thereceipt of payout from the Exchange. Thus, thestock broker shall maintain running account foryou subject to the following conditions:

a) Such authorization from you shall be dated,signed by you only and contains the clause thatyou may revoke the same at any time.

b) The actual settlement of funds and securitiesshall be done by the stock broker, at least oncein a calendar quarter or month, depending onyour preference. While settling the account,the stock broker shall send to you a ‘statementof accounts’ containing an extract from theclient ledger for funds and an extract from theregister of securities displaying all thereceipts/deliveries of funds and securities.The statement shall also explain theretention of funds and securities and thedetails of the pledged shares, if any.

c) On the date of settlement, the stock brokermay retain the requisite securities/fundstowards outstanding obligations and may alsoretain the funds expected to be required tomeet derivatives margin obligations for next 5trading days, calculated in the manner specifiedby the exchanges. In respect of cash markettransactions, the stock broker may retain entirepay-in obligation of funds and securities due



from clients as on date of settlement and fornext day’s business, he may retain funds/securities/margin to the extent of value oftransactions executed on the day of suchsettlement in the cash market.

d) You need to bring any dispute arising from thestatement of account or settlement so made tothe notice of the stock broker in writingpreferably within 7 (seven) working days fromthe date of receipt of funds/securities orstatement, as the case may be. In case ofdispute, refer the matter in writing to theInvestors Grievance Cell of the relevant Stockexchanges without delay.

14. In case you have not opted for maintaining runningaccount and pay-out of funds/securities is notreceived on the next working day of the receiptof payout from the exchanges, please refer thematter to the stock broker. In case there is dispute,ensure that you lodge a complaint in writingimmediately with the Investors Grievance Cell ofthe relevant Stock exchange.

15. Please register your mobile number and email idwith the stock broker, to receive tradeconfirmation alerts/ details of the transactionsthrough SMS or email, by the end of the tradingday, from the stock exchanges.

IN CASE OF TERMINATION OF TRADING MEMBERSHIP

16. In case, a stock broker surrenders hismembership, is expelled from membership ordeclared a defaulter; Stock exchanges gives apublic notice inviting claims relating to only the

“transactions executed on the trading system” ofStock exchange, from the investors. Ensure thatyou lodge a claim with the relevant Stockexchanges within the stipulated period and withthe supporting documents.

17. Familiarize yourself with the protection accordedto the money and/or securities you may depositwith your stock broker, particularly in the eventof a default or the stock broker’s insolvency orbankruptcy and the extent to which you mayrecover such money and/or securities may begoverned by the Bye-laws and Regulations of therelevant Stock exchange where the trade wasexecuted and the scheme of the Investors’Protection Fund in force from time to time.

DISPUTES/ COMPLAINTS

18. Please note that the details of the arbitrationproceedings, penal action against the brokers andinvestor complaints against the stock brokers aredisplayed on the website of the relevant Stockexchange.

19. In case your issue/problem/grievance is not beingsorted out by concerned stock broker/sub-brokerthen you may take up the matter with theconcerned Stock exchange. If you are not satisfiedwith the resolution of your complaint then you canescalate the matter to SEBI.

20. Note that all the stock broker/sub-brokers havebeen mandated by SEBI to designate an e-mail IDof the grievance redressal division/complianceofficer exclusively for the purpose of registeringcomplaints.


MANDATORY DOCUMENT DEALING WITH POLICY AND PROCEDURES

1. REFUSAL TO TAKE ORDERS

The Client undertakes and agrees that member,may, as a risk containment measure, at any time,at its sole discretion, and without prior notice,prohibits, restricts or refuse the clients’ ability toplace order or trade in penny stocks or such otherilliquid stocks/contracts, as specified by Member/Exchange, through the Member. The Client waivesany and all claims for loss or damage arisingdirectly or indirectly from any such refusal.

2. EXPOSURE LIMITS

The client agrees and confirms to abide by theexposure limits, if any, set by Member or by theexchange or Clearing Corporation or SEBI fromtime to time.

The Member may from time to time, at its solediscretion, impose and vary limits on the ordersthat the client place (including but not limited toexposure limits, turnover limits, limits as tonumber, value and / or kind of securities /contracts in respect of which buy or sell orderscan be placed etc.) The client is aware and agreethat the stock broker/ trading Member may needto vary or reduce the limits or impose new limitsurgently on the basis of Member’s risk perceptionand other factors considered relevant by Memberand Member may be unable to inform to theclient of such variation, reduction, imposition inadvance. The client agrees that the Member shallnot be responsible for such variation, reductionand imposition of limits.

3. BROKERAGE RATE

The Client confirms and agrees that the brokerageshall be paid in the manner intimated by theMember to the client from time to time, includingas a percentage of the value of the trade or as aflat fees or otherwise, together with the servicetax as may be applicable from time to time onthe same.

The Client hereby agrees to the followingbrokerage slabs/rates which do not exceed themaximum limits prescribed by the SEBI and stockexchanges.

4. DELAYED PAYMENT CHARGES

The client understands and agrees thatapplicability of delayed payment charge by eitherparty is solely at the discretion of the Stock Broker.

Without prejudice to margin funding guidelinesissued by SEBI, any amounts which are overduefrom a client toward settlement obligation ormargin obligation either in cash segment and/orderivative segment, may attract delayed paymentcharges at the rate of 1.5 % per/north or partthereof or such other rate as may be determinedby the stock broker.

In case client has not opted for running accountmaintenance, any amount which are overduefrom a stock broker towards settlement pay outafter meeting all pending settlement / marginobligations or dues, may attract delayed paymentcharges at the rate of 1.5 % per month or partthereof or such other rate as may be determinedby the stock broker.

In case client has opted for running accountmaintenance, any amount which the client hasdemanded, in writing, from a member out of theavailable undisputed credit balance in client ledgermaintained by the member or such amount whichis required to be settled on the monthly /quarterly basis after meeting settlement and/ormargin obligation and making provision for next5 trading day settlement and / or marginobligation, calculated in the manner specified bythe exchanges may attract delayed paymentcharges at the rate of 1.5 % per month or partthereof or such other rate as may be determinedby the stock broker.

5. LIQUIDATION/CLOSE-OUT OF POSITIONS:

Without prejudice to the member’s other rights(including the right to refer a matter toarbitration), the Member shall be entitled toliquidate / close out all or any of the Client’spositions for nonpayment of margins orsettlement obligation after giving notice to theclient. Any and all losses and financial charges onaccount of such liquidation / closing-out shall becharged to and borne by the Client.

6. INTERNAL SHORTAGE & CLOSE-OUT

(i) For Purchase of Shares :

In case of purchase of securities by theClient, at times Member may be unable todeliver the securities to the said purchaseron the pay out day due to non receipt of thesaid securities from another Client ofMember who has sold the securities in such



Internal netting of transaction. In such cases,member may buy the shares from themarket on T + 1 day or on settlement dayand deliver the same to the client or he maygive close out at such rates as determinedunder sub clause (ii) of this clause.

(ii) For Short Sale of Shares :

The Client hereby agrees that if he/she/ithas short delivered any securities against his/her/its pay-in obligation which resulted intointernal shortage (i.e. buy position of anotherclient of the member and could not beauctioned in the market) close-out shall bedebited to his account at the purchase pricefrom the market or 5% to 20% above theclosing price on auction day, as the casemay be.

(iii) Gain / Loss arising out of (i) & (ii) :

Any gain arising out of above transactionshall be passed on to the buyer and any lossarising out of above transaction shall beborne by the short seller.

7. RESTRICTIONS/PROHIBITION TO TAKE FURTHERPOSITION OR CLOSING EXISTING POSITION

The Member may, in its sole discretion, not allowtaking further position to the client or may closethe existing position of a client due to anyrestrictions in relation to volume of trading /outstanding business or margins stipulated by theexchange, clearing corporation/ clearing houseand/or the Member and / or any otherextraordinary event warranting such restrictions.The Client waives any and all claims for loss ordamage arising directly or indirectly from any suchrestrictions.

8. SUSPENSION / CLOSURE AT THE CLIENT’S REQUEST

The Client may suspend or close his/her/itstrading account temporarily by giving writtenrequest to the member. Such temporary closingor suspending of trading account will not affectthe rights and obligation incurred prior to suchsuspension or closure. Any request for temporarysuspension or closure shall not be processed bythe member unless all the dues are paid by theclient.

9. DEREGISTERING THE CLIENT

The Member may, at its sole discretion, deregisterclients’ account to protect his interest which mightinclude (but not limited to)

i. Member is compelled to by law;

ii. Client has not used account for a significantperiod of time;

iii. Member has reasons to believe that accountis being used for fraudulent purposes.

iv. Any other reason which member thinksreasonable for deregistering the account.The Client waives any and all claims for lossor damages arising directly or indirectly fromsuch deregistering. The deregistering will notaffect any liability of the Client resultingdirectly or indirectly from any transactionsmade at any time before such deregistering.

10. POLICY FOR IN ACTIVE CLIENTS

In case client has not used his account for a periodexceeding 6 months but not later than 2 years,then his account shall be free zed for furthertrades and the said account shall be re-activatedonly after client gives account reactivation requestalong with proofs, if any, required. Further if clienthas not used his account for more than 2 years,his account shall be deregistered and his accountshall be re-activated only after proper recordingof reason for such non use and after taking allthe required proof.

Further, if any changes are made in the abovepolicy and procedures, the same are updated onour website www.kmcindia.net. Hence, Clients arerequested to visit the same for further changes.

Client Signature(6)


NON MANDATORY DOCUMENTADDITIONAL TERMS AND CONDITIONS GOVERNING THE SERVICE

[Please strike out the Non-Mandatory clauses that are not agreed to between stock broker/trading Member and the Client.]

I, voluntarily and unconditionally hereby state anddeclare that I/We have read and understood the termsand conditions mentioned hereinafter governingsecurities trading and broking services of Member i.e.Krishna Multifarious Consultancy Pvt. Ltd. and agree tobe bound by the same.

1. GENERAL TERMS AND CONDITIONS GOVERNINGTHE SERVICE

(A) Compliance with Laws

(i) All transactions that are carried out by andon behalf of the CLIENT shall always besubject to Government notifications, anyrules, regulations, guidelines and circularsissued by SEBI and Rules, Regulations andBye Laws of the Exchange that may be inforce from time to time, and their ClearingHouses, if any, on which such transactionsare executed and/or cleared by theMEMBER that may in force from time totime, the Reserve Bank Of India and theNSDL and CDSL, the Securities ContractsRegulation Act and the rules madethereunder, and any other applicablestatutory provisions and/rules orregulations. The MEMBER is under noobligation to inform the CLIENT of changesin these rules, regulations or guidelines.

(ii) In case where the CLIENT is a Non residentIndian, he agrees to abide by ForeignExchange Management Act and rules andregulations issued thereunder from time totime.

(iii) The CLIENT hereby authorizes the MEMBERto take all such steps on the CLIENT’s behalfas may be required or advisable in theMEMBER’s opinion for compliance with theExchange provisions or any other law orprovisions or the complete or settle anytransactions entered into through or withthe MEMBER or executed by the MEMBERon behalf of the CLIENT. However, nothingcontained herein shall oblige the MEMBERto take such steps.

(iv) In addition to the specific rights set outhereunder, the CLIENT confirms and agreesthat the MEMBER and the CLIENT shall be

entitled to exercise any other rights whichthe MEMBER or the CLIENT may have underthe Rules, Bye Laws and Regulations of theExchange and circulars issued there underor Rules and Regulations of SEBI.

(v) Unless otherwise agreed in writing by theMEMBER, Client agrees and confirms thatthe Member and the Client shall in nocircumstances be considered as personsacting in concert or as persons co-operatingwith each other (directly or indirectly) or aspersons having a common objective orpurpose of substantial acquisition of sharesor voting rights or gaining control over anycompany, whose shares are purchased bythe Member for and on behalf of and onaccount of the Client.

(vi) The Client understands, agrees and confirmsto provide copies of Annual Accounts,Returns or any other document that maybe asked for by the Member to comply withPrevention of Money Laundering Act, 2002.as amended. If the Client fails to providethe documents, as may be required by theMember, the Member reserves the right toterminate the document forthwith.

(B) Participation

The CLIENT agrees and confirms theeligibility to enter into terms and conditions,confirms and satisfies with regard to theeligibility in this respect.

(C) Dematerialized Securities

All orders made by the CLIENT shall only bein securities compulsory traded in thedematerialized form. All deliveries ofsecurities made by or to the CLIENT shallonly be in the dematerialized form.

(D) Acting as a Sub-Broker

The Client agrees that he will not act as aSub-Broker without prior written permissionof the member, the stock exchange andwithout obtaining certificate of Registrationfrom Securities and Exchange Board ofIndia (SEBI).

FOR TRADING ACCOUNT VOLUNTARY


2. RISK DISCLOSURE

The Client confirms, declares and agrees that:

(a) Client shall deposit with the MEMBER suchmonies, securities or other property, whichmay be required to open and / or maintainhis account with the MEMBER.

(b) All monies, securities or other propertywhich the MEMBER may hold on Client’saccount shall be held subject to a generallien for the discharge of CLIENT’s obligationsto the MEMBER.

(c) Client shall not, acting alone or in concertwith others, directly or indirectly hold and/or control excess number of permittedDerivatives contracts as fixed from time totime by the Exchanges.

(d) The CLIENT shall not exercise a long or shortposition where, acting alone or in concertwith others, directly or indirectly the CLIENTwill have exercised in excess of the numberof permitted futures contracts as may befixed from time to time by the Exchange.

3. SHORTAGES:

In case of purchase of securities by the Client, attimes the member may be unable to deliver thesecurities to the said purchaser on the pay outday due to non receipt of the securities from thestock exchange(s). In such cases, the securitiesshall be delivered to the purchaser on thedeliveries received from the exchange.

4. AUCTION OR CLOSE OUT IN CASE OF MARKETSHORTAGE :

If the securities are not received on or beforesettlement date or the securities received are notin deliverable state or due to any reasonwhatsoever, client is not able to deliver securitiesand position is deliverable in market, the securitieswill be auctioned or closed out as per the rules ofthe concerned exchange. Consequently, client willbe responsible for any resulting losses and allsubsidiary cost including penalty levied by theexchange.

5. MARGINS:

The CLIENT shall make the prescribed initial marginin the form of cash and/or in the form of securities(the “Margin”) with the MEMBER simultaneouslywith the opening of the account and prior tocommencement of trading. The CLIENT shall be

permitted to trade upto a pre-determined numberof times of the MARGIN (the “Multiple”)and thequantum of the Multiple on the margin shall bedecided at sole option or discretion of theMEMBER who shall have the irrevocable right toset off a part or whole of the Margin. i.e. by wayof sale or transfer of the securities/fund whichform part of the margin, against any dues of theCLIENT in the event of the failure of the CLIENTto meet any of their respective obligations underthese Terms.

Any references in these terms to sale or transferof securities by the MEMBER shall be deemed toinclude sale of securities which form part of theMargin maintained by the CLIENT with theMEMBER. In exercise of the MEMBER’s right tosell securities under this terms and conditions,the CLIENT agrees that the choice of specificsecurities to be sold shall be solely at theMEMBER’s discretion.

The Client confirms that the MEMBER is permittedin its sole and absolute discretion to collectadditional margins (even though not imposed bythe Exchange, the Clearing House or SEBI) andthe CLIENT shall be obliged to pay such margins.

A. Margin on Purchase:

CLIENT confirms and agrees to depositinterest-free margin of 30 % of such otherpercentage as may be intimated by theMEMBER from time to time on the price ofthe securities proposed to be purchased.

B. Margin on Sales:

The CLIENT confirms and agrees to depositinterest free margin of 30 % or such otherpercentage as may be intimated by theMEMBER from time to time on the price ofsecurities proposed to be sold.

C. Margins in Derivative Contracts:

In the derivative segment, the CLIENTagrees to pay an initial margin upfront onor before creating a position. Such marginshall be decided upon by the MEMBER orthe Exchange from time to time.Furthermore, the CLIENT is liable to pay (orreceive) daily margins depending onwhether the price of the Derivativescontract moves for or against the position


undertaken. The CLIENT may also be liableto pay withholding margins, special marginsor such other margins as are considerednecessary by the MEMBER or the Exchangefrom time to time.

D. Mark to Market Margin in DerivativeContract

For derivative contracts, the CLIENT agreesthat the MEMBER shall raise bills on dailybasis. The CLIENT also agrees to pay anupfront margin at the beginning of each daythat will be sufficient to cover the dailymargins for the entire duration of the day.If at any time during day Mark to Market(MTM) or the cumulative Mark to Market(MTM) margin falls short of the marginavailable in the CLIENT’s account, theCLIENT agrees to heed the MEMBER’sadditional margin calls. As the upfront dailymargin calls are purely for operationalconvenience, the CLIENT will ensure thatmargin are adequate at all times and willimmediately make good any shortfall thatthe MEMBER may communicate.

E. Payment through Cheque/ Demand Draft:

Client understand that in case where thepayment by the CLIENT towards the marginis made through a Cheque issued in favourof the MEMBER, trade(s) will be executedby the MEMBER only upon the realizationof the funds of the said Cheque or at thediscretion of the MEMBER. The CLIENTagrees to mention his CLIENT code alongwith his name on the reverse of anyinstrument through which he makes thepayment to the MEMBER. Client furtherunderstand and agrees that the Client shallprepare Demand Draft/Pay Order out of hisown funds and agrees to provide source ofthe funds as per SEBI/Exchange Guideline.

F. Margin in the form of Securities:

The CLIENT may place margin with MEMBERin form of securities as approved by theMEMBER. Such securities may at thediscretion of the MEMBER be marked aslien in favour of the MEMBER from thedepository account of the CLIENT or suchsecurities may be placed in a separatedepository account of the MEMBER. Client

confirms that the MEMBER may, at its owndiscretion, treat the securities lying in thedepository account of the CLIENT, as margin,where the CLIENT has executed a Power ofAttorney in favour of the MEMBER, foroperating the said depository account.

The CLIENT may place/deposit only thosesecurities, which are acceptable to theMEMBER. If at any time, a particularsecurity ceases to be on the list of approvedsecurities. The CLIENT shall provide suchother margins as may be required in placeof such security.

The CLIENT understands and agrees that itis at the sole discretion of the member todetermine the market value of securitiesplaced as Margin after applying a haircutthat the MEMBER deems appropriate. TheClient’s positions are valued at the latestmarket price available (marked to market)on a continuous basis by the MEMBER. TheCLIENT undertakes to monitor the adequacyof the collateral and the market value ofsuch securities on a continuous basis. If dueto price fluctuations, there is erosion in thevalue of the margins, the CLIENT agrees toreplenish any shortfall in the value of theMargins immediately, whether or not theMEMBER intimates such shortfall.

The CLIENT understands that the MEMBERmay grant exposure to the Client at its solediscretion based on the securitiespurchased by the Client through theMEMBER after paying entire purchase priceand which are kept in the Demat Accountof the Client with Power of Attorneyexecuted by the Client in favour of theMEMBER with a request to treat suchsecurities as Margin.

G. Type of Margin:

The CLIENT confirms that the MEMBER hasa sole discretion to prescribe the paymentof Margin in the form of cash instead ofsecurities the Client accepts to comply withthe MEMBER’s right of payment of Marginin the form of cash immediately failingwhich the MEMBER may sell, dispose,transfer or deal any other manner thesecurities already placed with it as Marginor square off all or some of the positions of


the CLIENT as it deems fit in its discretionwithout further reference to the CLIENT andany resultant or associated losses that mayoccur due to such square off/sale shall beborne by the CLIENT, and the MEMBER ishereby fully indemnified and held harmlessby the CLIENT in this behalf.

H. Margin with Exchanges/ClearingCorporations:

The CLIENT agrees that any securities placedby him/her it as Margin may in turn beplaced as margin by the MEMBER with theExchanges / Clearing Corporations. TheCLIENT authorizes the MEMBER to do allsuch acts, deeds and things as may benecessary and expedient for placing suchsecurities with the Exchanges / ClearingCorporations as margin.

I. Shortfall in margins and other provisions

(i) The Client confirms and agrees thatif payment/securities towards theMargin or shortfall in Margin is notreceived instantaneously to enablerestoration of sufficient Margin in theCLIENT’s account, all or some of thepositions of the CLIENT as well as thesecurities of the CLIENT in thepossession or control of the MEMBERmay be liquidated by the MEMBERat its sole discretion, after giving priornotice to the CLIENT. The resultantor associated losses that may occurdue to such squaring off or sale ofsuch securities shall be borne by theCLIENT, and the MEMBER is herebyfully indemnified and held harmlessby the CLIENT in this behalf, SuchLiquidation or close out of positionsshall apply to any segment in whichthe CLIENT does business with theMEMBER.

(ii) The CLIENT Confirms and agrees thatCLIENT is responsible for all ordersincluding any orders that may beexecuted without the requiredMargin in the Client’s account. If theClient’s order is executed despite ashortfall in the available Margin, theCLIENT shall whether or not theMEMBER intimates such shortfall in

Margin to the CLIENT instantaneouslymake up the shortfall either throughdelivery of shares from his owndemat account in the event of a sale,or credit the required funds in theBank account via wire transfer orpersonal Cheque, Banker’s Cheque ormoney order or account transfer orany other mode as may be requiredby the MEMBER.

(iii) The CLIENT confirms that anyreference in these terms to sale ortransfer of securities by the MEMBERshall be deemed to include sale ofthe securities, which form part of theMargin and/or such securities of theCLIENT which are in possession orcontrol of the MEMBER, maintainedby the CLIENT with the MEMBER. Inexercise of the MEMBER’s right to sellsecurities under this terms andconditions, the CLIENT agrees thatthe choice of specific securities to besold shall be solely at the MEMBER’sdiscretion.

J. Amendment in Margins:

Any amendment in the percentage ofmargins as required to be maintained underthis terms and conditions, shall be intimatedby the MEMBER to the CLIENT over thetelephone or in writing or by posting thedetails on its website. The CLIENT isrequired to make replenish the shortfall insuch margins, if any, on demand of thesame by the MEMBER or otherwiseimmediately.

In the event of any change in marginpercentage by the Exchange, the MEMBERmay change the applicable margin percentimmediately and shortfall in marginonCLIENT’s open position as a result of thesame shall be dealt with in the samemanner as specified in shortfall in marginspecified % herein above.

K. Interest Free Margin

All Margin provided by the CLIENT shall beinterest free and the MEMBER shall not beliable to pay any interest on the sameirrespective whether the same forms part


of any investment by the MEMBER in fixeddeposits with the Bank or in any otherinstrument as may be approved by theExchange or SEBI from time to time.

6. EXECUTION OF ORDERS

(a) The CLIENT confirms and agrees that placingan order with the Member including amarket order, does not guarantee executionof the order. The MEMBER has the absoluteright to reject any order that may be madeby the CLIENT for any reason whatsoeverincluding for the breach of the requirementof maintaining the prescribed Margin in theCLIENT account or the Bank account.

(b) The CLIENT agrees that if, under anycircumstances or for any reason the marketcloses before the acceptance of the orderby the Exchange, the order may be rejected.The Client agrees further, that the MEMBERmay reject orders if the same are rejectedby the Exchange for any reason. In case ofrejection of an order due to rejection bythe Exchange, the CLIENT agrees that theorder shall remain declined and shall notbe reprocessed, in any event.

(c) The MEMBER may, at its sole discretion,reject any order placed on the website,through phone, or in any other manner forany reason including, but not limited to, thenon availability of funds in the tradingaccount of the CLIENT, non availability ofthe securities in the Demat account of theCLIENT with the designated DepositoryParticipant insufficiency of margin amountif the CLIENT opts for Intra-Day margintrading, suspension of scrip for tradingactivities by or on the Exchange, orapplicability of circuit breaker to a scrip inwhich orders are placed or insufficient bidsor offers in any particular security. TheClient further understands and agrees thatMEMBER shall have right to reject theorders placed by the Client and/ or putcircuit breakers to discourage trades gettingexecuted at unrealistic prices from thecurrent market price of the security orprohibit the Client from trading in illiquidsecurities which creates artificial liquidityor manipulates prices or to discourage Clientfrom cross/ synchronized trading andMEMBER shall not liable for any loss arising

out of non acceptance or rejection of theClient orders by the MEMBER for any suchreason if the Client fails to give sufficientreason for placing such orders.

(d) The Client is aware that the ElectronicTrading System either at the Exchange or inthe MEMBER’s office is vulnerable todisruptions, breakdown or failures. In theevent of non-execution of trade orders ortrade cancellation due to the happening ofsuch events or vulnerabilities due to failure/disruption/breakdown of system of link, theCLIENT may not be able to execute thedesired transactions. In such an event theMEMBER does not accept responsibility forthe losses, costs, expenses or damages thatmay be incurred by the client due to sucheventualities.

7. PRICE OF SECURITIES:

The CLIENT understands that with respect to anyorder, the CLIENT will obtain the price at whichthe order was actually executed in the market,which may be different from the price at whichthe security was trading when the CLIENT’ orderwas entered into the MEMBER’s system.

8. PAY-IN OF SECURITIES/FUNDS:

(a) The Client understands and undertakes thathe will give the funds and securities fromhis own bank and demat accountrespectively to honour pay-in obligations.

(b) The Client understands that if the clienttrades in shares which are in Trade-to TradeCategory of the respective exchanges, thenthe client shall give the delivery of sharesfor sell separately.

(c) At all times, the client agrees to make thepayment of funds only in the name and styleof “Krishna Multifarious Consultancy Pvt.Ltd.” vide account payee cheque from his/her own accounts, with details of the clientcode and the name of the client mentionedon the reverse of the instrument.

(d) At all times, the client agrees to transferthe securities only to the designateddepository account of the member.

(e) The client agrees that the Member shall notbe held responsible for any loss or damages


in respect of any funds/ securities whichare deposited/ transferred to any accountother than that of the Member’s designatedaccount under this terms and conditions.

(f) In the event of client’s account receiving anincorrect credit/debit by reason of amistake, the member shall be entitled toreverse such incorrect credit/debit at anytime whatsoever. The Client shall be liableand continue to remain liable to themember for any incorrect gain obtained asa result of the same and the memberreserves the right to take such remedialaction/measures against the client forrecovery of the erroneous credit.

9. CANCELLATION OR MODIFICATION OF ORDERS

The Client confirms and agrees that:

(a) The execution of order cancellations ormodifications is not guaranteed.Cancellation of orders is possible only if theoriginal order remain pending at theExchanges. Market orders are subject toimmediate execution. The CLIENT shall notpresume that an order has been executedor cancelled or modified and the Client isrequired to verify the status of his/ its orderswith the trade confirmations by theMEMBER.

(b) Unless otherwise specified by the MEMBER,any order not executed at the end of theday shall stand cancelled.

(c) In the event of trade cancellation due tosuch events or vulnerabilities MEMBER shallbe entitled to cancel relative contract(s)with the CLIENT. At times, due tounforeseen circumstances the MEMBERmay not be able to execute the desiredtransactions (either the client’s owntransactions or transactions for enforcingmargins as provided in this terms andconditions) on a timely basis. The MEMBERdoes not accept responsibility for any lossesthat the Client may incur on sucheventualities beyond the control of theMEMBER.

(d) The MEMBER shall have right to reject anyorder based on its risk perceptions.

10. CORPORATE BENEFITS AND SETTELEMENTCYCLES:

The CLIENT accepts responsibility of knowing thestatus of all corporate benefits like rights and

bonus issues, dividends, and stock splits of sharesthat he/it intends to trade or which are held inhis/its account. The CLIENT accepts responsibilityfor knowing the correct ISIN numbers of the sharesin his/her/its account and the eligibility of theshares to meet share pay in obligations to theExchange/Clearing Corporation whether receivedby way of purchase, rights, bonuses, stock split,off market transfers or otherwise.

11. OTHER CHARGES

(a) The CLIENT agrees to pay any applicabletaxes including the securities transactiontax, duties, and levies as may be levied onthe transaction from time to time.

(b) The MEMBER shall debit the charges of thedepository participant for the trades andthe bank charges for the realization ofcheques etc. to the CLIENT’s account.

(c) User Fees/Other charges : The Client agreesthat the MEMBER or any of its affiliates maycharge user fees for the use of any otherservices including but not restricted tointernet trading ancillary service, use of thewebsite platform and the call and tradeservices at rates mentioned on the websiteor otherwise intimated and as modifiedfrom time to time.

The Client agrees and confirms that theMEMBER shall have right to debit thecharges as per tariff sheet.

12. INVESTMENT OR OTHER ADVICE:

The Client acknowledges that the member shallneither be under any obligation to provide theClient with any legal, accounting, Investmentadvice or advice regarding the suitability orprofitability of investment of any kind, nor do themember give any advice or give any opinion withrespect to the nature, potential value or suitabilityof any particular transaction or investmentstrategy. The client acknowledges that theemployees of the member or the member himselfare not authorised to give out any advice and theclients shall at all times be responsible and liablefor his own actions / inaction. The client may beable to access investment research reportsthrough the internet from the web-site, includingcomputerized online service or physical copy. Theavailability of such information does not constitutea recommendation to buy or sell any of theinvestment products. Any investment decision will


be based solely on the clients own evaluation offinancial circumstances and investment objective.

Any real-time quotes provided are only for theclients own use and the client shall not furnishsuch data to any other person or entity.

13. INTERNET BASED TRADING SERVICES:

I. The CLIENT is aware that authenticationtechnologies and strict security measuresare required for the internet tradingthrough order routed system andundertakes to ensure that the password ofthe CLIENT and/or his authorisedrepresentative are not revealed to any ,thirdparty.

II. The CLIENT agrees that the STOCK BROKER/TRADING MEMBER shall not be liable orresponsible for non-execution of the ordersof the CLIENT due to any link/system failureat the CLIENT/ STOCK BROKERS/TRADINGMEMBERS/EXCHANGE end.

14. SUO-MOTO TRADE CANCELLATION:

The Stock Exchange may cancel a trade suo-motowithout giving any reason thereof. In the event ofsuch cancellation, MEMBER shall be entitled tocancel relative contract(s) with CLIENT.

15. ORDER/TRADE CONFIRMATION:

The MEMBER shall also send the Order/Tradeconfirmation slip through E-mail to the CLIENT athis written request, within 24 hours from the timeof execution of order/trade on the system, as thecase may be. The CLIENT agrees that theinformation sent by MEMBER by E-mail is deemedto be a valid delivery of such information by theMEMBER.

16. JURISDICTION:

The Member and the Client declare and agreethat the transaction executed on the Exchangeare subject to the Rules, Byelaws and Regulationsand circulars issued there under of the Exchangeand all parties to such trade shall have submittedto the jurisdiction of such court as may bespecified by the Bye laws and regulations of theExchange for the purpose of giving effect to theprovisions of the Rules, Byelaws, and Regulationsof the Exchange and the circulars issued thereunder.

The MEMBER hereby agrees that it shall ensurethat settlement of any arbitration proceedingsarising out of the transactions entered intobetween the Member and the Client and that itshall be liable to implement the arbitration awardsmade in such proceedings.

This service does not constitute an offer to sell ora solicitation of an offer to buy any shares,securities or other instruments to any person inany jurisdiction where it is unlawful to make suchan offer or solicitation. This service is not intendedto be any form of an investment advertisement,investment advice or investment information andhas not been registered under any securities lawof any foreign jurisdiction and is only for theinformation of any person in any jurisdictionwhere it may be lawful to offer such a service.Further, no information on E-mail or website:www.kmcindia.net is to be construed as arepresentation with respect to shares, securitiesor other investments regarding the legality of aninvestment therein under the respective applicableinvestment or similar laws or regulations of anyperson or entity accessing the Website/E-mail.

17. PROVISIONS IN CASE OF DEFAULT:

In the event of a default of a Trading/ClearingMember on his own account, the Client’s moneywill not be utilised to meet the Member’sliabilities. In such cases, the Client’s positions shallbe either transferred to another solvent memberor closed-out as per the provisions of the Rules,Bye-laws and Regulations of the DerivativesSegment/ Currency Derivatives Segment or theClearing House. The loss, if any, caused to theClient because of such action would berecoverable by the Client from the Member. Inthe event of failure of the Client to fulfill hisobligations to the Member, the DerivativesSegment or the Clearing House, the Client’sposition may be closed out and the money, if any,of the Client available with the Member or withany other member, the Derivatives Segment orthe Clearing House may be adjusted against theClient’s liabilities/obligations.

18. SHARING OF INFORMATION:

The Client agrees to immediately furnishinformation to the Member in writing if anywinding up petition or insolvency petition or orderhas been filed or passed against him or anygarnishee order has been served upon him or in


respect of his obligations by a bank, or if anylitigation has been filed against him or if any order,decree or award is passed against him. Similarly,the Member agrees to inform Client immediatelyabout the contract specifications and associatedobligations and daily settlement position. TheMember will also inform the Client if the price ofthe futures contract or index has moved againstthe Client and the extent of the Client’s dailyobligations.

19. LEGAL DISABILITY OR DEATH:

In the event of death or insolvency of the Clientor his otherwise becoming incapable of enteringinto Cash/Derivatives contracts, the Member mayclose out the transactions of the Client and theClient or the Client’s representatives/heirs shallbe liable for any outstanding positions in thecontracts entered into by the Client. In case ofany amount accruing to the account of the Client,the Client or the Client’s representatives/heirs shallalso be entitled to receive the surplus.

20. ARBITRATION:

The CLIENT agrees and confirms that except forthe claims/disputes which are subject to the Rulesand Regulations of the respective Exchanges onwhich the trades have been executed. Any and allclaims and disputes arising out of or in connectionwith this terms and conditions or its performanceshall be settled by arbitration by a single arbitrator.The reference to arbitration, The Court at the placespecified by the Client for holding the arbitrationproceedings or, if law does not permit the same,the Courts at the city in which the MEMBER’sconcerned office is situated, shall have exclusivejurisdiction in relation to this terms and conditions,the arbitration and all matters arising inconnection herewith and therewith. Thearbitration shall be governed by the provisions ofthe Arbitration and Conciliation Act,1996.

The Client and Member agree to refer any claimsand / or disputes which are subject to Rules andRegulation of the respective exchange on whichthe trades have been executed to arbitration asper the Rules, Bye-laws and Regulations of theCash /Derivatives Segment of the Exchange asamended from time to time.

21. DELAYED REPORTING OF TRANSACTION

The CLIENT confirms and agrees that:

(a) If trades or transactions are reported lateto the MEMBER on account of any problemsat the Exchange or for whatsoever reason,

the CLIENT in turn will be subject to latereporting of transactions.

(b) In addition, any errors reported to theCLIENT for any reason whatsoever will standsubsequently corrected to reflect thetransaction that was effected in the market.

22. CHANGE OF ADDRESS :

Unless the CLIENT informs the MEMBER of thechange of the address for communication inwriting, all notices, circulars, communication ormail sent to the existing address shall be deemedto have been received by thee CLIENT irrespectiveof whether they are actually received or not.

23. MEMBER’S LIABILITY :

Under no circumstances shall the MEMBER oranyone involved in creating, producing, deliveringor managing the Member’s services be liable forany direct, indirect, incidental, special orconsequential damages that result from the useof or inability to use the service, delay intransmission of any communication, in each casefor any reason whatsoever (including on accountof breakdown in systems) or out of any breach ofany warranty or due to any fraud committed byany person whether in the employment of theMEMBER or otherwise.

24. RESERVE BANK OF INDIA GUIDELINES:

The Client is aware that as per the RBI guidelines.The Foreign Institutional Investors (FIIs), Non-Resident Indians (NRIs) and Persons of IndianOrigin (PI Os) are allowed to invest in thesecondary capital market in India through theportfolio investment scheme (PIS). Under thisscheme, FIIs /NRIs can acquire shares/debenturesof Indian companies through the stock exchangesin India. These investments are governed andmonitored on daily basis by the Reserve Bank ofIndia (RBI). On reaching the aggregate ceiling limitas fixed by RBI from time to time, the RBI advisesall designated bank branches to stop purchaseson behalf of their FIIs/NRIs/ PIOs clients. TheReserve Bank also informs the general public aboutthe ‘caution’ and the ‘stop purchase’ in thesecompanies through a press release.

The Client being an FII/NRI/PIO herebyacknowledges that he is aware of the RBIguidelines in relation to his investments in thesecondary market in India. The Client herebyagrees to keep himself abreast of the ceiling limitson investments as published by RBI from time totime. And also agrees that he shall immediately


reverse his transaction, if such transactionbreaches the ceiling limits as imposed by RBI. Incase the Client does not / is unable to reversesuch transaction immediately, the client authorizesthe Member to do so under intimation to theclient.

25. MISCELLANEOUS PROVISIONS GOVERNING THETERMS:(a) Limitation of liability

The MEMBER does not guarantee, and shallnot be deemed to have guaranteed, thetimeliness, sequence, accuracy,completeness, reliability or content ofmarket information, or messagesdisseminated to the Client or the executionof the orders placed by the CLIENT. TheMEMBER shall not be liable for anyinaccuracy, errors or delay in, or omissionsof (1) any such data, information ormessages, or (2) the transmission ordelivery of any such data, information ormessages, due either to any act or omissionby the MEMBER or to any “Force Majeure”event (e.g. flood, extraordinary weathercondition, earthquake or other any act ofGod, fire, war, insurrection, riot, labourdispute, accident, action of government,communication, power failure, shut downof the systems for any reason (including onaccount of computer viruses, equipment orsoftware malfunction) any fraud committedby any person whether in the employmentof the MEMBER or otherwise or any causewithin beyond the reasonable control of theMEMBER.3) cancellation or non executionof the order placed by the CLIENT with theMEMBER) The MEMBER shall not be liablefor any inaccuracy, error, false statement,misrepresentation or fraud committed anysales or other associates/third partiesengaged by the MEMBER to promote theservices offered by it. The CLIENT agreesthat he/she/it places no reliance on suchpersons and will exercise due care anddiligence in relying on any statements madeany persons.

(b) Representative and warranties of Clients(i) The CLIENT hereby represents and

warrants that the terms andconditions of this terms andconditions have been clearlyunderstood and that the information

furnished to the MEMBER is accurateand truthful.

(ii) The CLIENT confirms that he/she isof legal age and he/she/it hasobtained the necessary approvalsfrom the relevant regulatory/legaland compliance authorities to availthe services provided pursuant to theterms of this terms and conditions.

(c) Sharing of Information :The Client agrees and confirms that theMEMBER may appoint agents for carryingout the acts mentioned in or in relation tothis terms and conditions. The CLIENTconsents to sharing of his/ its accountsrelated information to the authorized agentsappointed by the MEMBER.

(d) Tape Recording of conversation:The CLIENT is aware that the MEMBER tape-records the conversations between theclient’s representative and the MEMBER,either personally or over the telephone, andhereby specifically permits the MEMBER todo so. Such recording may be relied uponby the MEMBER as and when required toresolve disputes in connection with thetrading transaction.

(e) Conclusiveness of RecordsThe MEMBER’s own records of the trades/transactions maintained through computersystems or otherwise shall be accepted asconclusive and binding on the CLIENT forall purposes.

(f) The CLIENT understands and confirms thatthe CLIENT has the option to terminate theapplicability of the voluntary terms andconditions including the terms andconditions applicable for special facility thatmay be provided by the Member by givingadvance notice to the MEMBER in writingof not less than 15 days. Provided howeverthat the terms and conditions shall becomeapplicable for all the close out trades thatmay be executed by the CLIENT or theMEMBER subsequent to such termination.

(g) Indemnity(i) The CLIENT agrees and confirms that

though orders are generally routedto the marketplace immediately afterthe time the order is placed by theCLIENT on the system there may be


a delay in the execution of the orderdue to any link/ system failure at theCLIENT/MEMBER/ Exchange’s end.The CLIENT hereby specificallyindemnifies and holds the MEMBERharmless from any and all claims, andagrees that the MEMBER shall not beliable for any loss, actual orperceived, caused directly orindirectly by government restriction,exchange or market regulation,suspension of trading, war, strike,equipment failure, communicationline failure, system failure, securityfailure on the internet, shut down ofsystems for any reason (including onaccount of computer viruses),unauthorized access, theft, any fraudcommitted by any person whether inthe employment of the MEMBER orotherwise or any problem,technological or otherwise, thatmight prevent the CLIENT fromcontacting.

(ii) The CLIENT further confirms andagrees that client will not becompensated by the MEMBER for any‘lost opportunity’ viz. notional profitson buy/sell orders which could notbe executed due to any reasonwhatsoever, including but not limiteddue to time lag in the execution ofthe order or the speed at which thesystem of the MEMBER or of theExchanges is operating, any shuttingdown by the MEMBER of his/her/itssystem for any reason of theMEMBER disabling the Client fromtrading on its system for any reasonwhatsoever.

(h) Assignment

The CLIENT confirms and agrees that CLIENTshall not assign or transfer all or any of itsrights or obligations.

(i) Severability

The CLIENT confirms and agrees thatin case anyone or more of the termsand conditions confirmed by theCLIENT becomes invalid, illegal orunenforceable in any respect underany law, the validity, legality, andenforceability of the remaining

Signed for and on behalf of the Client

Name : ________________________________________

Client Signature

Address : ______________________________________

__________________________________________________

Place : ________________________________________

Date : — — 2 0 1

(8)

provisions contained herein shall notin any way be affected or impairedthereto.

26. ADDRESS FOR COMPLAINT/INVESTORGRIEVANCES AND COMMUNICATION:

The CLIENT understands and confirms to send allthe complaints and queries in case of anygrievances or complaint arising out of and in thecourse of trading in securities client will send thecomplaint on the E-mail:[email protected]. Alternatively theClient shall send the written complaint marked toInvestor Grievance Cell. Krishna MultifariousConsultancy Pvt. Ltd. 09, Dharti Complex, NearEye Hospital, Unjha-384170, Gujarat. The Clientfurther understands and agrees that MEMBER maytake 7 working days time to reply on suchComplainant / Query.

27. TERMINATION:

The CLIENT understands and confirms that theCLIENT has the option to terminate theapplicability of the voluntary terms and conditionsincluding the terms and conditions applicable forspecial facility that may be provided by theMember by giving notice to the MEMBER inwriting without Notice Period. Provided howeverthat the terms and conditions shall becomeapplicable for all the close out trades that may beexecuted by the CLIENT or the MEMBERsubsequent to such termination. Further suchtermination shall not affect the rights andobligations of a party hereunder in respect ofDerivatives contracts and transactions entered intoprior to such termination.


RUNNING ACCOUNT AUTHORIZATION

I/We hereby authorize(s) the MEMBER to maintainrunning account, instead of settlement to settlementclearance of funds / securities due to me/us.The payout of funds / securities may be retained by theMEMBER and no interest shall be payable, by theMEMBER on such securities / funds so retained.I/We also authorize(s) the MEMBER to consider thefunds/securities so retained by the MEMBER towardscollateral margin for allowing enhanced gross exposureto me/us.I/We agree(s) that the MEMBER shall not be liable forany claim for loss of profit, or for any consequential,incidental, special or exemplary damages, caused byretention of such securities / funds under this documentor otherwise.On written request of the CLIENT the MEMBER mayrelease funds/securities to him, if sufficient margins inrespect of his trading, across the Stock Exchange(s) andacross the segments of the stock exchange(s) are availablewith the MEMBER, within one working day of the requestif the same are lying with him and within three workingdays from the request if the same are lying with theClearing Member/Clearing Corporation..

Notwithstanding anything contained in this authorization,the actual settlement of funds and securities, except forfunds received from the clients towards collaterals/margin in the form of bank guarantee (BG)/Fixed Depositreceipts (FDR), shall be done by the member, at least oncein a calendar Quarter or Month (Tick applicable).For the clients having outstanding obligations on thesettlement date, the Member may retain the requisitesecurities/funds towards such obligations and may alsoretain the funds expected to be required to meet marginobligations as per SEBI/Exchange guideline. There shallbe no inter-client adjustments for the purpose ofsettlement of the ‘running account’.This authorization may be revoked at any time by me/usby giving written notice to the member.To avoid the administrative/operational difficulties insetting my/our account, I/We request you to retain anamount of ` 10,000/- (Rupees Ten Thousand Only) (netamount across segment and across stock exchanges) asper SEBI and Exchange directives.

Client Signature

Date : — —Client Name : __________________________________

Client Code : __________________________________

(To be signed by client himself and not by any authorised person on his behalf or holder of the Power of Attorney)

INTIMATION TO CLIENTS AND NOTING-MANDATORYTo ,Krishna Multifarious Consultancy Pvt. Ltd.Unjha.Sir(s),

Re. : Confirmation of notingI / We confirm that we have made note of the following:1. That you trade in your OWN/PRO account2. That your investor grievance email ID is [email protected]. That I / we have read all the mandatory and voluntary terms and conditions and do consent for the same.4. That I / we have to furnish/update Financial Details every year to the Member as per SEBI / PMLA requirement.5. That I / we have read / understood the Anti Money Laundering Policy & Procedure and I know that the same is

made available on your website www.kmcindia.net6. That I / we agree/s that I / we am / are responsible for clearing out my debit ledger balance to NIL at least once in

every month / quarter.7. That any Voluntary terms and conditions which is in violation of exchange / SEBI rules and regulations and circular

issued from time to time shall become null and void.Thank you,

Client Signature

Date : — —

Client Name : __________________________________

Client Code : __________________________________

(9)

(10)

VOLUNTARY

VOLUNTARYFOR TRADING ACCOUNT

2 0 1

2 0 1


(A) Consent to debit trading account of client for DP charges and levies in demat account or otherwise.

To ,

Krishna Multifarious Consultancy Pvt. Ltd.09, Dharti Complex, Near Eye Hospital, Unjha-384170, Gujarat.

Dear Sirs,

I/We hereby authorise you to recover the debits in my demat account(s) maintained with you(DP ID 12072700 __________________ ) from the credits in my/our trading account code.

(B) Electronic Documents : Authorisation

If you can provide, I/We do hereby request to receive ECN, statement of accounts, daily margin statementand such other record/information/notice etc. to my/our E-mail Account / ID as mentioned in KYC form. Incase of any change, I/We shall promptly communicate in writing to you about the same.

(C) SMS Authorisation

I/We do hereby declare and confirm to receive SMS about my/our position, margin, ledger balance and suchother brief information as may be voluntarily sent / provided by you on my/our mobile as mentioned in KYCform. In case of any change therein, I/We shall promptly communicate in writing to you about the same.

(D) Please tick mark the additional applicable category to you

Non resident client

High net-worth client (Having annual income + networth of more than Rs. 1 crore)

Trust, Charities, NGOs and organizations receiving donations

Company having close family shareholdings or beneficial ownership

Civil Servant or family member or close relative of civil servant

Bureaucrat or family member or close relative of bureaucrat

Current or Former MP, MLA or MLC or their family member or close relative

Politician or their family member or close relative

Current or Former Head of State or of Governments or their family member or close relative

Senior government/judicial/military officers or their family member or close relative

Senior executives of state-owned corporations or their family member or close relative

Companies offering foreign exchange offerings

None of the above

Client Signature

Date : — —

Client Name : _______________________________________

Client Code : _______________________________________

(11)

VOLUNTARY

2 0 1


To,Krishna Multifarious Consultancy Pvt. Ltd.09, Dharti Complex, Nr. Eye Hospital,Unjha.

Dear Sir,

Sub: Request for RTGS / NEFT Pay-out facility.

This is with reference to the KYC executed with you for the purpose of dealing in securities on the stockexchange(s) through you under Client code _____________________.

In this connection, I /we request you to update my update details in your records as under.

BANK ACCOUNT PARTICULARS

I/we request you to deposit my / our pay-out in respect of my / our transactions directly to above mentionedbank account (provided such facility is available) or any other bank account which I/we may intimate from timeto time.

TERMS AND CONDITIONS:Addition to the voluntary clauses contained in the KYC documents executed with the client, the client hereinspecifically agrees with the stock broker and authorizes the stock broker to arrange release of payout of funds(subject to other governing conditions agreed to in the KYC documents) by making direct credit to the bankaccount of the client maintained with any bank, the details of which are provided by the client to the stockbroker. It is also agreed to by the clients that since the bank account details are provided by the client (based onwhich the stock broker were to arrange marking credits thereto) in case of any wrong entry flowing into anywrong account due to mistake on part of the client, stock broker shall not accept any responsibility/consequencesrelating thereto.

Registration and activation of payout of funds through RTGS/NEFT mode by stock broker is subject to receipt ofcopy of cancelled cheque from client. Rejection/Deactivation of facility of payout of funds through RTGS/NEFTto client is at the discretion of the stock broker.

Thanking you,

Yours truly,

Client Signature

Enclosure: Copy of cancelled cheque from above mentioned bank account

Name of the Bank

Name of the Bank Branch

Account Type Savings/ Current/ Others _____________________(Pl. Specify)

Account Number

RTGS/NEFT/IFC Code

(12)


ANTI-MONEY LAUNDERING- BRIEF

Money Laundering can be defined as engaging in financial transactions that involve income derived from criminalactivity, transactions designed to conceal the true origin of criminally derived proceeds and appears to have beenreceived through legitimate sources/origins.

“Know Your Customer” (KYC) is the guiding principle behind the Anti-Money Laundering (AML) measures. This isrequired to identify who is the actual beneficial owner of the securities transaction or for whom and/or on whosebehalf transaction is conducted.

The Trading Member adopts such policies or may resort to such measures as to establish the credentials of theClient’s database submitted.

Periodically, as and when the trade volumes register a hike and profits cross the limit vis-à-vis the financial statusof the client produced with documentary evidence, the member reserves the right to probe a channel or sourcefrom which the client is receiving funds to carry on the trade. In such an event the authenticity or otherwise of thesource of funds is established and if the source is proved to be questionable the client will be disabled fromcarrying on further trade and this agreement becomes void.

Trading Member believes that each and every transaction done by the client is genuine. If any discrepancy isnoticed in the transaction at any point of time later the management has every right to detect such discrepancyin order to take preventive/corrective measure, which include sending confidential, reports to the concernedauthorities under the law. If malpractice continues in the trade even after sufficient educational advice has beengiven to the client, the client runs the risk of losing his trading rights, may be for a brief period or sine die.

The Client must furnish all required information such as financial statements, any other information relevant asmay be required for following Anti Money Laundering Standards.

FOR OFFICE USE ONLY

Risk Categorisation Low Medium High

CSC Yes No

AUTHORISED PERSON USE ONLY

Employee Signature

AUTHORISED PERSON / REMISIER CODE : ________________________________________________________________

AUTHORISED PERSON / REMISIER SCHEME : _____________________________________________________________

MAPPING CTCL USER CODE : __________________________________________________________________________

BROK SLAB : ________________________________________ (IF DEFINE)

Branch Code : Family Code :

Date : — —Authorised Signatory

VOLUNTARY

2 0 1

This

page

is in

tent

iona

lly le

ft bl

ank.

KRISHNA MULTIFARIOUS CONSULTANCY PVT. LTD.09, Dharti Complex, Near Eye Hospital, Unjha-384170, Gujarat. • Phone : 02767-255441Fax : 02767-255441 • E-mail : [email protected] • Website : www.kmcindia.net

I / we hereby acknowledge receipt of following documents within 7 days of its execution :[ ] Welcome Letter alongwith Unique Client Code[ ] A copy of duly filled KYC [NSE, BSE, Demat][ ] A copy of Rights & Obligations along with Additional Rights & Obligations for IBT & Wireless Trading[ ] A copy of Guidance Note, Policy & Procedure and Tariff Sheet[ ] A copy of Voluntary Terms & Conditions, Confirmation & Notings etc.[ ] A copy of Running Account Authorization and other documents and Authorization executed by me/us.[ ] A copy of duly executed DP-BO Agreement[ ] Annexure for SMS Registration and Terms and Condition[ ] Nomination Form[ ] A copy of Power of Attorney (POA)

Client/B. O. Name : _________________________________________________________________

BO ID :

Signature : (13) ________________________________ Date : – –

(Tick [ ] against applicable documents)

2 0 1

Membership No. : BSE – 6227SEBI REGN. No. : BSE : INB/INF 011399533

CDSL DP ID No. : 12072700 • SEBI REGN. No. : IN-DP-CDSL-638-2011

ACKNOWLEDGEMENT

----

----

----

----

----

----

----

----

----

----

----

----

----

----

----

----

----

----

----

----

----

----

----

----

----

----

----

----

----

----

----

----

1 2 0 7 2 7 0 0

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

FOR OFFICE USE ONLYPARTICULARS REMARKS

Form Received Date

Query 1

Query 2

Query 3

Form Return Date Form Received Date

KYC Entry/Modify Date Documents Upload Date

KYC Status and Agency

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

CHECK-LISTSR.NO. Activity Remarks

1. Form Filled Completed & Sign By Applicant2. Document

Id ProofAddress ProofBank ProofDemat Proof

3. PAN Verification4. Data Entered into Software5. Generate UCC File & Upload UCC6. Upload ECN Client File7. Client Mapping With Fastrade8. Print Account Opening Letter9. Stamp Affix on Document & Scanning

10. Enter Client Code in Application form

This

page

is in

tent

iona

lly le

ft bl

ank.

krishna multifarious apr15 - K M C Ac.Opening Form (BSE).pdf · the stock exchange(s) ......

Documents

Transcript of krishna multifarious apr15 - K M C Ac.Opening Form (BSE).pdf · the stock exchange(s) ......