trading and demat account - pl clients - securities-trading...second and third holders respectively...
TRANSCRIPT
TRADING AND DEMAT ACCOUNT
1 2 0 1 1 3 0 0
PRABHUDAS LILLADHER PVT. LTD.3rd Floor, Sadhana House, 370, P.B. Marg,Worli, Mumbai 400 018.Tel No.: 022 6632 2222Fax No.: 022 6632 2229E-mail: [email protected]
Received the Application from Mr./Ms. as the sole / first holder
alongwith and as the
second and third holders respectively for opening of a demat account and for opening trading account in sole/ first holder’s
name. Your Client Id/ Client code will be intimated to you shortly. Please quote the Client Id / Client code allotted to you in all
your future correspondence!
Date:
Prabhudas Lilladher Pvt. Ltd.(Authorised Signatory)
ACKNOWLEDGEMENT
Dear Customer,
Greetings from Prabhudas Lilladher Pvt. Ltd.!
For any assistance, please feel free to call on 022-6632 2366
We would like to take this opportunity to thank you for choosing to register with
Prabhudas Lilladher (PL), one of India's most trusted and respected financial services group.
Established in 1944, we have achieved this position by maintaining the highest standards of
services, while adhering to our strong principles of integrity, professional ethics and
transparency. It will be our pleasure to meet your needs and offer you a hassle-free trading
experience.
To begin with, we would require your co-operation in completing the relevant forms, DP
agreement and submitting the relevant documents as required to meet regulatory norms.
We have attempted to make this form as simplistic as possible, focusing on ease of
completion. You will also find instructions at relevant places, which will be extremely helpful
as you go along.
Needless to add, should you require any assistance in completing any part of the form,
please feel free to contact our staff, who will promptly address your queries and guide you.
Looking forward to a long and beneficial relationship.
Regards,
Team Client Relations
THIS PAGE HAS BEEN
INTENTIONALLY LEFT BLANK
Sr. No. Name of the Document Brief Significance of the Document
Page
No.
INDEX
A MANDATORY DOCUMENTS AS PRESCRIBED BY SEBI, EXCHANGES & CDSL
1. Checklist and Instructions A. Checklist of documents for opening trading and demat account
B. Instructions for filling KYC form
* Not applicable if the Account holder(s) is / are already registered with KYC Registration Agency (KRA). Each unregistered holder has to submit a separate KYC form.
Attached
Attached
2. KYC and Account Opening Form A. KYC Form captures the Basic information of the account
(For Trading and Demat holder*
Account at CDSL) B. Document captures the Additional Information for opening a
Trading Account
C. Document captures additional information for opening Demat
Account
D. Document captures nomination details for Trading and Demat
Account
3. Agreement for opening Demat Agreement contains terms and conditions for opening Demat
account at CDSL. Account (Mandatory only if demat account is to be opened with
PL-DP)
4. Rights and Obligations Document states the Rights & Obligations of the Stock Broker,
Sub-Broker and Client for trading on exchanges (including
additional rights & obligations in case of Internet / Wireless
Technology based trading)
5. Risk Disclosure Document (RDD) Document provides the details of risks associated while dealing in
the Securities
6. Guidance Note Document details Do’s and Don’ts for trading on Exchanges
7. Policies & Procedures Document describes significant policies and procedures followed
by PL
8. Tariff Sheet for Trading and Demat A. Document provides details of rate/amount of brokerage and
account other account charges levied on the client for trading on the Stock
Exchange(s)
B. Document provides details of demat account opening and
other charges (to be retained by client)
B NON-MANDATORY DOCUMENTS AS PROVIDED BY THE STOCK BROKER AND DEPOSITORY PARTICIPANT
1. Useful Do's / Dont’s for Client Document mentions additional Do’s / Dont’s for the Client
2. Voluntary Rights and Obligations Document states the additional Rights & Obligations of Stock
Broker / Sub-broker/ Authorised Person and client for trading on
exchanges
3. Bank Verification Letter Document certifies client's signature, photograph & address
4. Direct Credit Form Document authorises PL to credit amount due to the Client to his
Bank Account
5. SMART Account Application Document authorises PL to send e-contracts,e-statements & other
statements to Client at his registered Email ID and avail facility to
view the Client’s trade and other details at PL's website plclients.com
Attached
1 - 2
3 - 4
5 - 9
10 - 14
15 - 16
17-21
22 -25
26 - 27
28 - 29
30
31 - 32
33
34
35
36 -37
13. Terms and Conditions for TRUST
14. Declaration by NRI/ Document provides for a declaration regarding compliance with
Foreign National FEMA Regulations and other applicable laws
54. Consent letter to receive E- Document authorizes PL to send E-statement for BO Account
statement for BO Account
16. Declaration for availing benefits Document provides declaration by First/ Sole Holder to avail benefits
under RGESS for BO Account under Rajiv Gandhi Equity Savings Scheme (RGESS) for BO Account
17. Declaration regarding BSDA Document provides declaration to be received by the Applicant(s) in
pursuance of SEBI guidelines for availing Basic Services Demat
Account (BSDA)
18. Information on Rajiv Document provides a brief description and details regarding the
Gandhi Equity Savings Rajiv Gandhi Equity Savings Scheme (RGESS), 2012
Scheme (RGESS), 2012
19. Prevention of Money Document provides a brief note on Prevention of Money Laundering
Laundering Act, 2002
(PMLA)
20. Power of Attorney in favour of PL Limited Power of Attorney given by a Client to PL to debit his
demat a/c with PL-DP to deliver securities as per his sales / margin
obligation with PL at BSE / NSE (Recommended to execute in order
to avoid auctions and last-minute pay-in hassles).
Document details Terms And Terms And Conditions for availing
Transaction Using Secured Texting (TRUST) Service offered by CDSL
6. Authority to record conversations Document authorises PL to record conversations of the Client
through landline
7. Authority to maintain Running Document authorises PL to maintain Client’s Account on Running
Account Account mode i.e funds will be remitted only on his request
8. Authority to debit DP charges to Document authorises PL to debit DP charges to the Client’s
Client’s account with PL Trading account maintained with PL
9. Authority to collect margin Document authorises PL to collect margin in form of Funds/ Securities for Client’s trades at Cash, F&O & Currency Derivatives Segment
10. Authority letter for SMS alert and Document facilitates clients to receive SMS and Email Email from the exchange from exchange
11. Registration Form - Consent Application along with Terms & Conditions to view the Client’s
Letter - Terms holdings/ transactions at CDSL's website
& conditions for EASI facility (Recommended to register in the Client's own interest)
12. Terms & Conditions for SMS alert Document details the Terms & Conditions for getting alerts
from CDSL through SMS from CDSL for securities debited & credited to client's
demat account (Recommended to register in the Client's own
interest)
www.cdslindia.com
Sr. No. Name of the Document Brief Significance of the Document
Page
No.
38
39
40
41-43
44-45
46-47
48
49
50
51
53 -54
Attached
38
38
52
SEBI APPROVED KYC DOCUMENTS FOR INDIVIDUAL CLIENT PROOF OF IDENTITY & SIGNATURE
CHECK-LIST OF DOCUMENTS FOR OPENING TRADING AND DEMAT ACCOUNT
q
q Unique Identification Number (UID / Aadhaar) Cardq Passport (with Client's Photo, Sign & Address)q Voter's ID card (Front & Back)q Driving Licenceq Bank Verification Letter - Photo / Signature attested by Bank Manager (bearing Client's Account number,
Bank stamp, Branch MICR code and Attesting Authority's Name & Employee number) - to be accompaniedby copy of Bank Passbook / Statement
q Credit Card / Debit Card issued by Scheduled Commercial Banks (with Client's Photo & Sign)q ID Card/Document issued by - State or Central Government & its departments / Statutory Regulatory
Authorities/ Public Sector Undertaking/ Scheduled Commercial Banks/ Public Financial Institutions/Colleges affiliated to Universities / Professional Bodies like ICAI, ICWAI, ICSI, Bar Council etc. to their Members (with Client's Photo & Sign)
q Passport (with Client's Photo, Sign & Address)q Unique Identification Number (UID / Aadhar Card)q Voter's ID card (Front & Back)q Driving Licenceq Ration Cardq Flat Maintenance Bill / Insurance Copy (Latest required) q Gas Bill (Bill date being not more than 3 months old)q Electricity Bill (Bill date being not more than 3 months old)q Landline Telephone Bill (Bill date being not more than 3 months old - Mobile Bills not accepted as proof)q Leave & Licence Agreement or Sale Agreement of Client's Residence (pages bearing Client's Name, Address
along with last page with signatures evidencing the execution of agreement)q Bank Passbook (bearing bank stamp and signature of bank official) / Statement with client as first-holder in
Bank Account - Not more than 3 months old - alongwith copy of pages containing Client's Name, Address and Last Transaction - (If copy of passbook does not bear bank stamp and signature of bank official then authentication from bank is required)
q Bank Verification Letter with Photo & Address attested by Bank Manager (bearing Client's Account number, Bank stamp, Branch MICR code and Attesting Authority's Name & Employee number) - to beaccompanied by copy of Bank Passbook / Statement
q ID Card/Document issued by - State or Central Government & its departments / Statutory Regulatory Authorities/ Public Sector Undertaking/ Scheduled Commercial Banks/ Public Financial Institutions/Colleges affiliated to Universities / Professional Bodies like ICAI, ICWAI, ICSI, Bar Council etc. to their Members (with Client's Address)
q Self Declaration by High Court & Supreme Court judges giving the new address in respect of their own accounts
q Proof of address issued by Bank Managers of Scheduled Commercial Banks/ Co-operative Banks or Multinational Foreign Banks or a Gazetted Officer or Notary Public or Elected representatives to Legislative Assembly/ Parliament/ Documents issued by any Govt. or Statutory Authority
q Any of the above proof of Address issued in the name of Client's Spouse (Such proof must be accompanied by proof of relationship like Marriage certificate, Passport with page bearing Spouses name, etc.)
PAN card with photograph (Mandatory for all Investors including Joint-holders)
PROOF OF ADDRESS
1
PROOF OF BANK DETAILSq Bank Passbook / Statement (Not more than 3 months
old - alongwith original cancelled cheque & pages containing Client's Name, Address and Last Transaction) - (If copy of passbook does not bear bank stamp and signature of bank official then authentication from bank is required)
q Bank Verification Letter - Photo / Signature / Address attested by Bank Manager (bearing Client's Account number, Bank stamp, Branch IFSC & MICR code and Attesting Authority's Name & Employee number) - tobe accompanied by copy of Bank Passbook / Statement
q Cancelled Personalised Cheque Leaf
Note : Documents having an expiry date shall be accepted only if it is valid as on the date of submission.
(bearing bank stamp and signature of bank official)
q
q (1) Passport / PIO Card / OCI Card(2) Overseas Address Proof(3) Declaration duly signed that BO hascomplied with and will continue to comply with FEMA regulations and other applicable laws Mandatory for NRIs / Foreign Nationals(Refer Page No 45)(4) Bank Passbook / Statement
q Mariner's Declaration or Certified Copy of CDC Mandatory for Merchant Navy NRIs
q Complete Residential Address along with an Mandatory if NRI / FN applicant submits an undertaking that DP shall be informed whenever Overseas P.O. Box No. address as histhere is a change in the Residential address Correspondence / Permanent Address(Refer Page No 45)
q Permanent Address (other than that mentioned Mandatory if any Client wishes to get hisin correspondence address column) & proof there of Correspondence on address of some other
entity such as C/o address, Office address, POA holder's address etc.
(Continuous Discharge Certificate)
CLIENT CATEGORY WISE - ADDITIONAL REQUIREMENTS
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INSTRUCTIONS/ CHECK LIST FOR FILLING KYC FORM
1. All details to be filled in CAPITAL letters and in English. The account holder/s will have to paste their latest photograph in the relevant boxes provided and sign across it i.e. half on photo and half on the page.
2. KYC form, AOF & all relevant documents are to be signed by the account holder/s in case of Individual Accounts. A Power of Attorney holder cannot open an account i.e. sign KYC form, AOF and agreements on behalf of the account holder/s.
3. Details in columns marked * in the AOF must be furnished mandatorily. The section of AOF which is not relevant & kept blank by the applicant is to be struck off as "N.A"
4. Signatures can be in English or Hindi or any other languages contained in the 8th Schedule of the Constitution of India. Thumb impressions and signatures in languages other than those mentioned above must be attested by a Magistrate or a Notary Public or a Special Executive Magistrate under his/her Official Seal along with their Name & Address. Thumb impression to be obtained - Left thumb in case of Male and Right thumb in case of Female.
5. Name & address of account holder/s mentioned on KYC form should match with the documentary proof submitted.
6. Documents other than SEBI approved documents as provided for in the checklist will not be accepted. Copies of all documents submitted by account holder/s should be self-attested and accompanied by originals for verification. In case the original of any document is not produced for verification, then the copies should be properly attested by entities authorized for attesting the documents, as per the below mentioned list (please refer Point C)
7. Every cancellation/correction/overwriting must be authenticated (full signature) by all holders. Use of white ink will render the document invalid. So please avoid cancellations & use of white ink on the KYC form, AOF and DP-BO Agreement.
8. Self attested copy of PAN card of all holders is mandatory. 9. In case photo on PAN Card is not legible, submit alternate proof of identity, from the list of SEBI approved
documents, which is clear & legible10. If proof of identity or address is in regional or foreign language, then translation into English is required.11. If Correspondence & Permanent addresses of holder(s) are different, then proofs for both addresses have to be
submitted. 12. If Client wishes to receive correspondence at address of some other person or entity, then SEBI approved proof
of identity and address documents (as given in the checklist) in the name of such other persons or entities may be provided. In all such cases, the address of such person or entity must be mentioned in the AOF and also permanent address of the applicant, other than that given as correspondence address must be provided.
13. ECS of Dividend / Interest / Redemption Amount / IPO Refund is mandatory for locations notified by SEBI from time to time. So please mention your Bank Account No, MICR Code & IFSC Code correctly
14. In case of Individual Clients, Nomination or Dissent for Nomination is to be provided mandatorily. Joint-holders cannot be appointed as Nominee or Guardian of Minor Nominee.
15. Politically Exposed Persons (PEP) are defined as individuals who are or have been entrusted with prominent public functions in a foreign country, e.g., Heads of States or of Governments, senior politicians, Senior Government / Judicial / Military Officers, Senior Executives of State Owned Corporations, Important Political Party Officials, etc.
16. DP-BO Agreement to be signed by all holders in case of joint Demat account.17. POA may be notarized in the local place where the applicant resides. POAs given to PL is specific POA
authorizing operation of BO's demat account for limited purpose only.18. SMS Alert facility is a service provided by CDSL directly and applicants opting for POA facility for their demat
accounts must mandatorily register for this facility. In case applicant does not have his/her own Mobile number, he/she can provide that of any other person at his/her discretion to receive SMS alerts on his/her behalf.
19. Easi facility is provided by CDSL whereby a demat account holder can view his account through Internet. It is advisable that account holders familiar with Internet should opt for this facility. For more details on Easi, check on www.cdslindia.com.
20. Sole proprietor must make the application in his individual name & capacity.
3
Note : BO Means Beneficial Owner or Demat Account holder.
21. For Non-Residents and Foreign Nationals, (allowed to trade subject to RBI and FEMA guidelines), copy of Passport/PIO Card/OCI Card and overseas address proof is mandatory.
22. In case of Merchant Navy NRI's, Mariner's declaration or certified copy of CDC (Continuous Discharge Certificate) is to be submitted.
B. EXEMPTIONS/CLARIFICATIONS TO PAN 1. In case of transactions undertaken on behalf of Central Government and/or State Government and by
officials appointed by Courts e.g. Official liquidator, Court receiver etc. 2. Investors residing in the state of Sikkim. 3. UN entities / multilateral agencies exempt from paying taxes/filing tax returns in India4. SIPs of Mutual Funds upto Rs. 50000/- p.a.5. Custodians shall verify the PAN Card Details with Original PAN Card and provide duly certified copies of such
verified PAN Cards to the DPs in case of Institutional clients namely, FIIs, MFs, VCFs, FVCIs, Scheduled Commercial Banks, Multilateral & Bilateral Development Financial Institutions, State Industrial Development Corporations, Insurance Companies registered with IRDA & Public Financial Institutions as defined under Section 4A of The Companies Act, 1956.
Note: Sufficient documentary evidence in support of such claims will have to be provided.C. LIST OF PEOPLE AUTHORIZED TO ATTEST THE DOCUMENTS: 1. Notary Public 2. Gazetted Officer3. Manager of a Scheduled Commercial/ Co-operative Bank or Multinational Foreign Banks (Name, Designation
& Seal should be affixed on the copy). 4. In case of NRIs & Foreign Nationals, Authorized Officials of Overseas Branches of Scheduled Commercial
Banks registered in India, Notary Public, Court Magistrate, Judge, Indian Embassy / Consulate General in the country where the applicant resides or runs its business are permitted to attest the documents.
D. SUB-BROKERS, AUTHORISED PERSONS AND BRANCHES1. In case of Individual Clients, the person authorised by PL or registered Sub broker / Authorised persons
should personally verify photograph affixed on KRA-KYC and on proof of identity documents of account holder(s) and must sign on the documents collected as proof of identity for all of them to the effect that "Identity of applicant is verified in person". Details of person authorised to carry out In-person verification should be duly filled.
2. All copies of proof documents must be Verified against their originals, stamped as "Verified against Original" and signed by person authorised by PL or registered Sub broker (SB) / Authorised Persons (APs) under PL / Sub broker / Authorised persons Stamp with his name mentioned alongside his signature.
4
SIGNATURES
q For Clients, please put your full Signature in and initial in
5
Prabhudas Lilladher Pvt. Ltd.
BSE -
NSE -
MCX-SX -
CDSL DP SEBI Regn. No. - DP IDWebsite -
Registered Office : 3rd Floor, Sadhana House, 570 P B Marg , Worli, Mumbai 400 018Tel: +91 22 6632 2366 (Broking) +91 22 6632 2456 (DP)Fax: +91 22 6632 2439 (Broking) +91 22 6632 2459 (DP)
CM & TM of Cash Segment: SEBI Regn. No. INB 010502855 Dtd. May 17, 2000 & Derivative Segment: SEBI Regn. No. INF010502855 Dtd. June 2, 2000
CM & TM of Cash Segment: SEBI Regn. No. INB 230597738 Dtd. May 27, 1994, Derivative Segment: SEBI Regn. No. INBF 230597738 Dtd. May 25, 2000 & Currency Derivatives Segment: SEBI Regn. No. INE 230597738 Dtd. Aug 25, 2008
CM & TM of Cash Segment: SEBI Regn. No. INB 260597738 Dtd. Feb 5, 2013,Derivative Segment: SEBI Regn. No. INF 260597738 Dtd. Feb 5, 2013 &Currency Derivative Segment: SEBI Regn. No. INE 260597738 Dtd. Nov 10, 2010
IN-DP-CDSL-14-99 Dtd. May 14,1999; 12011300www.plindia.com
-
(Please sign in the relevant boxes where you wish to trade. The segment not chosen should be struck off. If, in future you want to trade on any new segment/ new exchange, separate authorization letter has to be provided by you.)
(To be filled in by PL/SB/AP )
Trading Code
(To be filled by Applicant in BLOCK LETTERS in English)
MANDATORY DOCUMENTS
ADDITIONAL DETAILS FOR OPENING TRADING ACCOUNT
A. DETAILS OF ACCOUNT HOLDER*Name
PAN Nature of Business/ Profession
Registered with KYC Registration Agency (KRA) Yes NoIf yes, please tick approciate KRA CVL NDML Dotex CAMS KarvyKYC details same as per that registered with KRA Yes No $
q
q
q q q
Note: Please submit a KYC application form if applicant has not registered his/her KYC before. If the applicant is already registered, please tick on the KRA where he/she is registered
$ - If Correspondence / Permanent address registered with KRA has changed, please submit fresh KRA-KYCForm with proof of new address
*Mandatory fields
B. TRADING PREFERENCES*
EXCHANGE / SEGMENTS Cash Futures & Options Currency Derivatives
BSE N.A.
NSE
MCX-SX
*Mandatory fields
Note:st1) Account number mentioned in 1 Row will be updated in your Trading account (for receipt and payment of funds)
and in demat account (for ECS/NECS of Dividend/ Interest/ IPO refunds/ Redemptions).
2) If you wish to make pay-in of funds for your purchases from more than one bank account, please provide details of
additional bank account(s)
3) Please submit copy of cheque for all Bank Accounts mentioned above to confirm MICR & IFSC Code of the Bank's
Branch4) For Trading account funds will be credited to your Bank account based on Direct Credit Letter submitted by you
(refer page no.34)
C. BANK DETAILS *
Bank Name & Account Account Type: (Strike MICR Code# IFSC code#Branch Address Number off which ever is not
applicable)
SB / Current / NRE / NRO
SB / Current / NRE / NRO
SB / Current / NRE / NRO/PIS-NRE/PIS-NRO
6
PROOF OF BANK DETAILS SUBMITTED*
q Bank Passbook(bearing bank stamp and signature of bank oficial) / Statement - Not more than 3 months
old - alongwith original / copy of cancelled cheque & pages containing Client’s Name, Address and last
transaction - Mandatory document for NRI/FN (If copy of passbook does not bear bank stamp and signature
of bank official then authentication from Bank is required)
q Bank Verification Letter - Photo / Signature / Address attested by Bank Manager (bearing Client’s Accountnumber, Bank Stamp, Branch IFSC & MICR Code and Attesting Authority’s Name & Employee number) - tobe accompanied by copy of Bank passbook / Statement
q Cancelled Personalised Cheque Leaf
q
q
D. DEPOSITORY ACCOUNT DETAILS*
E. PROOF OF EXISTING DEMAT ACCOUNT*
G. PAST ACTIONS*
H. DEALINGS THROUGH SUB-BROKER(S) / AUTHORISED PERSONS (APs) AND OTHER STOCK BROKER(S) / SUB-BROKERS / APs*
Depository Participant Depository Name Beneficiary Name DP ID Beneficiary ID Name (NSDL/CDSL) (BO ID)
Client Master Latest Transaction / Holding Statement of Demat Account (please tick whichever is applicable)
Please provide details of any actions/proceedings initiated/pending/ taken by SEBI/ Stock Exchange/ any other
authority against the client in charge of dealing in securities during the last 3 years
a) If dealing through other Stock-brokers and/or their Sub-broker /APs, please provide the following details:
Stock-Broker’s Name
Sub-Broker / AP Name, if any
Client Code Exchange
(b) If dealing through PL’s Sub-broker / APs, please provide the following details: (SBs/APs to provide their prescribed details or affix their rubber stamp here)
stNote: 1. Securities bought by the client will be transferred to the demat account mentioned in the 1 Row
2. If demat account is opened with PL-DP alongwith this AOF, the account details will be filled by PL-HO
3. You must mandatorily inform details of additional demat accounts held by you in case you wish to make pay-in of securities for your sales and/or your margin obligations from more than one demat account. Delivery of securities from other demat accounts will not be accepted unless the account is registered with PL
Note: 1. Applicant must be the first-holder in demat account and his name in the demat account should be same as
that mentioned by the applicant on AOF.2. Transaction statement should clearly indicate the applicant’s name alongwith DP ID & Client ID
3. In case of NRI’s, proof of demat account must indicate his NRI status
q q
q ITR Acknowledgment q Annual Accounts q Net Worth Certificate q Salary Slip q Form 16
q Bank Account Statement (for last 6 months) q Demat holding statement q Self declaration along with relevant
supporting q Any other relevant documents substantiating ownership of assets
F. PROOF OF FINANCIAL DETAILS* (Any one of the below. Mandatory for trading in F&O segment)
*Mandatory fields
7
Details of pending dispute / dues (receivable / payable) from/ to such other Stock Broker/ Sub-Broker / AP
Whether you wish to receive Electronic Contract Note (ECN) which may be sent at your email id as stated in KYC or Physical Contract note
Whether you wish to avail of the facility of Internet Trading Yes No
If Yes, whether you wish to avail facility of Mobile Trading Yes No
Number of years of Investment/ Trading Experience
Any other information
Name of the Introducer
Status of the Introducer Sub-broker Remisier Authorized Person Existing Client Others (pl. specify)
Address
Tel Signature of the Introducer
I. ADDITIONAL DETAILS*
J. INTRODUCER DETAILS
Introducer’s Code (if allotted by PL)
#
8
# For availing Mobile Trading Facility, please submit an additional letter in the prescribed format*Mandatory fields
8
Place
Date Signature of the Client*
* To be signed by the Client only and not by his or her POA holder
D D M M Y Y Y Y
DECLARATION
l
l I hereby declare that the details furnished above are true and correct to the best of my knowledge and belief
and I undertake to inform you of any changes therein, immediately. In case any of the above information
is found to be false or untrue or misleading or misrepresenting, I am aware that I may be held liable for it.
l I confirm having read/been explained and understood the contents of the document on policy and procedures of
the stock broker and the tariff sheet.
I further confirm having read and understood the contents of the ‘Rights and Obligations’ and ‘Risk Disclosure
Document’ and ‘Guidance Note’. I do hereby agree to be bound by such provisions as outlined in these
documents. I have also been informed that the standard set of documents as amended from time to time have been displayed for Information on PL’s designated website and I will abide by the same
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Name of the Jt. MD: Name & Designation of Compliance Officer:
Mr. Dhiren P. Sheth Mr. A. Subrahmanian
Tel No. (022) 66322321 President - Operations & Compliance Officer
Email id: [email protected] Tel No. 022-6632 2420, Fax no. 022-6632 2229
Email id:
NSE - Investor Grievance Cell / Arbitration
Tel No: (022) 2659-8190 / Fax No: (022) 2659-8191 / Email :
BSE:Regional Office
Tel No: (022) 2272-8097 / Email :
MCX-SX -
CDSL-Investor Grievance Cell
Tel No:1800 200 5533 /Email :
For any grievance / dispute, you may contact the Compliance Officer or Email at & Tel.
No. 022-6632 2366 (Broking related) / & Tel. No. 022- 6632 2456 (DP related)
Regional Investor Service Centre
Tel No.: (022) 6731 9000 / Email: [email protected]
FOR OFFICE USE ONLY :
We undertake that we have made the client aware of 'Policy and Procedures', tariff sheet and all the non-mandatory documents. We have also made the client aware of 'Rights and Obligations' document (s), RDD and Guidance Note. We will send him a copy of all the KYC documents through Email at his registered Email ID with PL within prescribed time limit. We undertake that any change in the 'Policy and Procedures', tariff sheet and all the non-mandatory documents will be duly intimated to the Client. We also undertake that any change in the 'Rights and Obligations' and RDD would be made available on our PL website for the information of the Clients.
Signed for and on behalf of
For Prabhudas Lilladher Pvt. Ltd.
Signature of the Authorised Signatory Signature of Sub-broker or Authorised Person
Signed by: Signed by:
Date: Date: D D M M Y Y Y Y D D M M Y Y Y Y
To be filled by SB/PP/Branch if account holder/s is/are already registered with KRA through another Intermediary*
1st / Sole Holder Namend2 Holder Namerd3 Holder Name
Documents Verified with Originals By In-Person Verification Done ByName of Employee
Employee Code
Designation
Signature
Date
Application No. Date
D P ID 1 2 0 1 1 3 0 0 Client ID 0 0
(to be filled by the Depository Participant)
Trading Code
(To be filled by Applicant in BLOCK LETTERS in English)
Scheme Opted Standard Classic Premium Lifetime No AMC
POA Account Yes No (if yes ensure SMS Alert facility is opted)
RGESS Account # Yes No
BSDA Account # Yes No
# Refer Page 49 for details on Rajiv Gandhi Equity Saving Scheme (RGESS) AccountPlease also fill in the declarations given on page nos. 47 & 48 in case RGESS or BSDA option is availed
(To be filled by Applicant in BLOCK LETTERS in English)
I / We request you to open a demat account in my / our name as per following details
Details of Sole / First holder
Name
PAN Nature of Business/ Profession
Registered with KYC Registration Agency (KRA) Yes No #
If yes, please tick appropriate KRA CVL NDML Dotex CAMS Karvy
KYC details same as per that registered with KRA Yes No $
d d m m y y y y
Prabhudas Lilladher Pvt. Ltd.
BSE -
NSE -
CDSL DP SEBI Regn. No. - DP ID - Website -
Registered Office : 3rd Floor, Sadhana House, 570 P B Marg , Worli, Mumbai 400 018DP Team Tel: +91 22 6632 2456
SEBI Registration Number: INP000001231CM & TM of Cash Segment: SEBI Regn. No. INB 010502855 Dtd. May 17, 2000 &
Derivative Segment: SEBI Regn. No. INF010502855 Dtd. June 2, 2000 CM & TM of Cash Segment: SEBI Regn. No. INB 230597738 Dtd. May 27, 1994,
Derivative Segment: SEBI Regn. No. INBF 230597738 Dtd. May 25, 2000 & Currency Derivatives Segment: SEBI Regn. No. INE 230597738 Dtd. Aug 25, 2008MCX-SX - CM & TM of Cash Segment: SEBI Regn. No. INB 260597738 Dtd. Feb 5, 2013 &Currency Derivative Segment: SEBI Regn. No. INE 260597738 Dtd. Nov 10, 2010
IN-DP-CDSL-14-99 Dtd. May 14,1999; 12011300www.plindia.com
Member – PMS:
MANDATORY DOCUMENTS
ADDITIONAL DETAILS FOR OPENING DEMAT ACCOUNT
A. IDENTITY DETAILS
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# Please submit a KYC application form if applicant has not registered his/her KYC before. If the applicant is already
registered, please tick on the KRA where he/she is registered
$ If Correspondence / permanent address registered with KRA has changed with KRA has changed, please submit fresh KRA-KYC Form with proof of new address
*Mandatory fields
Details of Second holder
Name
PAN Nature of Business/ Profession
Registered with KYC Registration Agency (KRA) Yes No #
If yes, please tick appropriate KRA CVL NDML Dotex CAMS Karvy
KYC details same as per that registered with KRA Yes No $
Details pertaining to any action taken in the past by any Regulatory Authority
Details of Third holder
Name
PAN Nature of Business/ Profession
Registered with KYC Registration Agency (KRA) Yes No #
If yes, please tick appropriate KRA CVL NDML Dotex CAMS Karvy
KYC details same as per that registered with KRA Yes No $
Details pertaining to any action taken in the past by any Regulatory Authority
Details of Minor’s Guardian
Name
PAN Nature of Business/ Profession
Registered with KYC Registration Agency (KRA) Yes No #
If yes, please tick appropriate KRA CVL NDML Dotex CAMS Karvy
KYC details same as per that registered with KRA Yes No $
Details pertaining to any action taken in the past by any Regulatory Authority
# Please submit a KYC application form if applicant has not registered his/her KYC before. If the applicant is already
registered, please tick on the KRA where he/she is registered
$ If Correspondence / permanent address registered with KRA has changed with KRA has changed, please submit fresh KRA-KYC Form with proof of new address
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Name @
Nature q Proprietary Concern q Partnership Firm q Association of Persons (AOPs)
q Unregistered Trust q Unregistered Society
q Others (specify)
@ Please mention here the name of Partnership firm, Association of Person (AOP), Unregistered Trust/Society in case their BO account is opened in the name of Individual/s (i.e. in the name of Partners, Members, Trustee)
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*Mandatory fields
B. TYPE OF ACCOUNT* (Tick whichever is applicable)
C. DP ACCOUNT STATEMENT REQUIREMENT* (Tick whichever is applicable)
D. AUTOMATIC CREDIT *(Tick whichever is applicable)
(Tick whichever is applicable)
INDIVIDUAL NRI FOREIGN NATIONAL
Individual Resident NRI Repatriable Foreign National
Individual Director NRI Non Repatriable Foreign National Depository
Individual Director Relative NRI Depository Receipt Receipt
Individual Promoter NRI Repatriable Promoters Others (Specify)
Individual Margin Trading (Mantra) A/c NRI Non-Repatriable Promoters
Minor Others (Specify)
Others (Specify)
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I/We request you to send Transaction-cum-Holding Statement through Internet
at the Email ID stated in First/Sole Holder's KYC form registered with KRA q Yes q No
$ As per SEBI Regulation, DP shall send statement once at the end of every month if there has been even a single
transaction during the month and in any event at the end of each quarter in case of only holdings.
I /We instruct the DP to receive each & every credit in my / our account q Yes q No
(If not marked, default option would be 'Yes')
q Yes q No
Yes, Mobile No No
(If yes, Please refer to terms and conditions given on Page no 43)
(If Yes, Please refer to the registration form cum consent letter for Easi Facility on page no.40-42)
$ As per SEBI Regulation Daily Weekly Fortnightly Monthly
E. ECS MANDATE (Tick whichever is applicable)
F. SMS ALERT FACILITY (Mandatory in Case of POA Accounts)*
G. EASI FACILITY (Internet viewing facility by CDSL)*
H. DP CHARGES PAYMENT OPTIONS*
I/We wish to receive Dividend / Interest directly
into my/our Bank Account through ECS
(If not marked default option would be “Yes”)
Note: ECS is mandatory for locations notified by SEBI from time to time
Yes No
Transfer of DP Debit to my Trading Account on regular Basis
Imprest Amount paid vide Cheque No. dated for Rs.
I/ We will deposit in your Bank Account as and when Bill is raised (DP to be informed immediately on deposit)
Note: In case of failure or delay in clearing debits, the BO account shall be frozen for all operations till such time all
payments are cleared and PL-DP shall not be held responsible for resultant auctions / losses, if any.
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I. DETAILS FOR COMPANY/REGISTRAR & TRANSFER AGENT (RTAs)
J. Transactions Using Secured Texting Facility (TRUST)
DECLARATION
SIGNATURES* (please sign in black ink)
Allow RTA to download E-mail ID $ Yes No
Annual Report Requirment $$ Physical reports Reports through E-mail
Physical & E-mail Reports
$ This option allows RTAs to download E-mail ID Recorded in this BO account into their system
$$ This option provides information to RTAs whether BO intends to receive Annual Reports in Physical / Electronic
form or both
I/We have read the terms & conditions in the DP-BO Agreement, instructions, tariff and additional instructions and agree to abide by them and be bound by the bye-laws of CDSL as are in force from time to time. I/We agree and undertake to intimate PL of any change (s) in the details / particulars mentioned by me/us in this form.
I/We hereby declare that the details furnished above are true and correct to the best of my/our knowledge and belief as on the date of making this application. In case of the above information being false or untrue or misleading or misrepresenting or supression of any material information, I/We may be held liable for the same and my/our BO Account shall be liable for termination and further action.
I/ We hereby declare that I/ we will not do any benami or suspicious transaction in my / our account.
First / Sole Holder Second Holder Third Holder
Name
Signature
Existing A/c with
PLDP (if any)#
I /wish to avail the Trust facility using the Mobile number registered for SMS Alert Facility. I/have read and
understood the Terms and Conditions prescribed by CDSL for the same.
Yes
No
I/We wish to register the following clearing member Ids under my /our below
mentioned BO ID registered for TRUST
Stock Exchange Clearing Member Clearing Member ID
Name/ID Name (optional)
# Please mention your demat account no. with PL - DP, If any.
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*Mandatory fields
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FOR DP OFFICE USE ONLY :
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*Mandatory fields
Form Received on / / 20 Entered by
Form Processed on / / 20 Verified by
SMS Processed on / / 20 Setup by
KYC Fetched From CVL / NDML / Dotex / CAMS / Karvy Fetched by
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We strongly recommend that you should nominate a person to receive funds/securities held in your account in the event of unforeseen contingency. Else, your heir may face difficulty in claiming funds/securities held in your account in case of unfortunate situation.
Please tick the appropriate box:
q I do not wish to nominate any person
q In the event of my / our death, I/We wish to nominate the following person whose particulars are given
below to receive
q Funds in my Trading Account _______________ with your Broking Division
q Securities lying in my/our BO Account 1201130000 ______________ maintained with PL-DP
Note : If a client has provided nominee details but he has not ticked any of the above options, then it will be presumed that the nomination details are provided for both his Trading Account & BO Account.
As the nominee is a minor as on date to receive securities held in this account of behalf of the nominee in the event of my death, I appoint following person to act as guardian
Name of the Nominee
Relationship of Nominee with applicant
PAN of the Nominee: Date of Birth of the Nominee:
UID
Address of the Nominee
Tel. of the Nominee
Email ID of the Nominee
(Note: PAN of the nominee is Mandatory for trading (Mandatory if Nominee is a Minor) account and for singly held demat account)
*Mandatory fields
FOR TRADING AND DEMAT ACCOUNT
NOMINATION DETAILS
D D MM Y Y Y Y
WITNESSES (Only applicable in case the Client has made nomination)
Name Name
Signature Signature
Address Address
D D M M Y Y Y YNomination form accepted and registered vide registration no. __________ dated
D D M M Y Y Y Y
Signed for and on behalf of
For Prabhudas Lilladher Pvt. Ltd.
Signature of the Authorised Signatory
Signed by:
Date:
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*Mandatory fields
Guardian details :
Name of the Guardian Age
Address of Guardian
Tel. of Guardian Email ID of Guardian
PAN of Guardian:
Relationship of Guardian with the Nominee
This nomination shall supercede any prior nomination made by me / us and also any testamentary documentexecuted by me / us.
First / Sole Holder Second Holder Third Holder
Name
Signature*
*Note: To be signed by the Client only and not by his or her POA Holder.
1. The client shall invest/trade in those securities/contracts/other instruments admitted to dealings on the Exchanges as defined in the Rules, Byelaws and Regulations of Exchanges/ Securities and Exchange Board of India (SEBI) and circulars/notices issued there under from time to time.
2. The stock broker, sub-broker and the client shall be bound by all the Rules, Byelaws and Regulations of the Exchange and circulars/notices issued there under and Rules and Regulations of SEBI and relevant notifications of Government authorities as may be in force from time to time.
3. The client shall satisfy itself of the capacity of the stock broker to deal in securities and/or deal in derivatives contracts and wishes to execute its orders through the stock broker and the client shall from time to time continue to satisfy itself of such capability of the stock broker before executing orders through the stock broker.
4. The stock broker shall continuously satisfy itself about the genuineness and financial soundness of the client and investment objectives relevant to the services to be provided.
5. The stock broker shall take steps to make the client aware of the precise nature of the Stock broker's liability for business to be conducted, including any limitations, the liability and the capacity in which the stock broker acts.
6. The sub-broker shall provide necessary assistance and co-operate with the stock broker in all its dealings with the client(s).
CLIENT INFORMATION
7. The client shall furnish all such details in full as are required by the stock broker in "Account Opening Form” with supporting details, made mandatory by stock exchanges/SEBI from time to time.
8. The client shall familiarize himself with all the mandatory provisions in the Account Opening documents. Any additional clauses or documents specified by the stock broker shall be non-mandatory, as per terms & conditions accepted by the client.
9. The client shall immediately notify the stock broker in writing if there is any change in the information in the 'account opening form' as provided at the time of account opening and thereafter; including the information on winding up petition/insolvency petition or any litigation which may have material bearing on his capacity. The client shall provide/update the financial information to the stock broker on a periodic basis.
10. The stock broker and sub-broker shall maintain all the details of the client as mentioned in the account opening form or any other information pertaining to the client, confidentially and that they shall not disclose the same to any person/authority except as required under any law/regulatory requirements. Provided however that the stock broker may so disclose information about his client to any person or authority with the express permission of the client.
MARGINS
11. The client shall pay applicable initial margins, withholding margins, special margins or such other margins as are considered necessary by the stock broker or the Exchange or as may be directed by SEBI from time to time as applicable to the segment(s) in which the client trades. The stock broker is permitted in its sole and absolute discretion to collect additional margins (even though not required by the Exchange, Clearing House/Clearing Corporation or SEBI) and the client shall be obliged to pay such margins within the stipulated time.
12. The client understands that payment of margins by the client does not necessarily imply complete satisfaction of all dues. In spite of consistently having paid margins, the client may, on the settlement of its trade, be obliged to pay (or entitled to receive) such further sums as the contract may dictate/require.
RIGHTS AND OBLIGATIONS OF STOCK BROKERS, SUB-BROKERS AND CLIENTS
(as prescribed by SEBI and Stock Exchanges)
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TRANSACTIONS AND SETTLEMENTS
13. The client shall give any order for buy or sell of a security/derivatives contract in writing or in such form or manner, as may be mutually agreed between the client and the stock broker. The stock broker shall ensure to place orders and execute the trades of the client, only in the Unique Client Code assigned to that client.
14. The stock broker shall inform the client and keep him apprised about trading/settlement cycles, delivery/payment schedules, any changes therein from time to time, and it shall be the responsibility in turn of the client to comply with such schedules/procedures of the relevant stock exchange where the trade is executed.
15. The stock broker shall ensure that the money/securities deposited by the client shall be kept in a separate account, distinct from his/its own account or account of any other client and shall not be used by the stock broker for himself/itself or for any other client or for any purpose other than the purposes mentioned in Rules, Regulations, circulars, notices, guidelines of SEBI and/or Rules, Regulations, Bye-laws, circulars and notices of Exchange.
16. Where the Exchange(s) cancels trade(s) suo moto all such trades including the trade/s done on behalf of the client shall ipso facto stand cancelled, stock broker shall be entitled to cancel the respective contract(s) with client(s).
17. The transactions executed on the Exchange are subject to Rules, Byelaws and Regulations and circulars/notices issued thereunder of the Exchanges where the trade is executed and all parties to such trade shall have submitted to the jurisdiction of such court as may be specified by the Byelaws and Regulations of the Exchanges where the trade is executed for the purpose of giving effect to the provisions of the Rules, Byelaws and Regulations of the Exchanges and the circulars/notices issued thereunder.
BROKERAGE
18. The Client shall pay to the stock broker brokerage and statutory levies as are prevailing from time to time and as they apply to the Client's account, transactions and to the services that stock broker renders to the Client. The stock broker shall not charge brokerage more than the maximum brokerage permissible as per the rules, regulations and bye-laws of the relevant stock exchanges and/or rules and regulations of SEBI.
LIQUIDATION AND CLOSE OUT OF POSITION
19. Without prejudice to the stock broker's other rights (including the right to refer a matter to arbitration), the client understands that the stock broker shall be entitled to liquidate/close out all or any of the client's positions for non-payment of margins or other amounts, outstanding debts, etc. and adjust the proceeds of such liquidation/close out, if any, against the client's liabilities/obligations. Any and all losses and financial charges on account of such liquidation/closing-out shall be charged to and borne by the client.
20. In the event of death or insolvency of the client or his/its otherwise becoming incapable of receiving and paying for or delivering or transferring securities which the client has ordered to be bought or sold, stock broker may close out the transaction of the client and claim losses, if any, against the estate of the client. The client or his nominees, successors, heirs and assignee shall be entitled to any surplus which may result there from. The client shall note that transfer of funds/securities in favor of a Nominee shall be valid discharge by the stock broker against the legal heir.
21. The stock broker shall bring to the notice of the relevant Exchange the information about default in payment/ delivery and related aspects by a client. In case where defaulting client is a Corporate Entity/ Partnership/ Proprietary Firm or any other artificial legal entity, then the name(s) of Director(s)/ Promoter(s)/ Partner(s)/ Proprietor as the case may be, shall also be communicated by the stock broker to the relevant Exchange(s).
DISPUTE RESOLUTION
22. The stock broker shall provide the client with the relevant contact details of the concerned Exchanges and SEBI.
23. The stock broker shall co-operate in redressing grievances of the client in respect of all transactions routed through it and in removing objections for bad delivery of shares, rectification of bad delivery, etc.
24. The client and the stock broker shall refer any claims and/or disputes with respect to deposits, margin money, etc., to arbitration as per the Rules, Byelaws and Regulations of the Exchanges where the trade is executed and circulars/notices issued thereunder as may be in force from time to time.
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25. The stock broker shall ensure faster settlement of any arbitration proceedings arising out of the transactions entered into between him vis-à-vis the client and he shall be liable to implement the arbitration awards made in such proceedings.
26. The client/stock-broker understands that the instructions issued by an authorized representative for dispute resolution, if any, of the client/stock-broker shall be binding on the client/stock-broker in accordance with the letter authorizing the said representative to deal on behalf of the said client/stock-broker.
TERMINATION OF RELATIONSHIP
27. This relationship between the stock broker and the client shall be terminated; if the stock broker for any reason ceases to be a member of the stock exchange including cessation of membership by reason of the stock broker's default, death, resignation or expulsion or if the certificate is cancelled by the Board.
28. The stock broker, sub-broker and the client shall be entitled to terminate the relationship between them without giving any reasons to the other party, after giving notice in writing of not less than one month to the other parties. Notwithstanding any such termination, all rights, liabilities and obligations of the parties arising out of or in respect of transactions entered into prior to the termination of this relationship shall continue to subsist and vest in/be binding on the respective parties or his/its respective heirs, executors, administrators, legal representatives or successors, as the case may be.
29. In the event of demise/insolvency of the sub-broker or the cancellation of his/its registration with the Board or/withdrawal of recognition of the sub-broker by the stock exchange and/or termination of the agreement with the sub broker by the stock broker, for any reason whatsoever, the client shall be informed of such termination and the client shall be deemed to be the direct client of the stock broker and all clauses in the 'Rights and Obligations' document(s) governing the stock broker, sub-broker and client shall continue to be in force as it is, unless the client intimates to the stock broker his/its intention to terminate their relationship by giving a notice in writing of not less than one month.
ADDITIONAL RIGHTS AND OBLIGATIONS
30. The stock broker shall ensure due protection to the client regarding client's rights to dividends, rights or bonus shares, etc. in respect of transactions routed through it and it shall not do anything which is likely to harm the interest of the client with whom and for whom they may have had transactions in securities.
31. The stock broker and client shall reconcile and settle their accounts from time to time as per the Rules, Regulations, Bye Laws, Circulars, Notices and Guidelines issued by SEBI and the relevant Exchanges where the trade is executed.
32. The stock broker shall issue a contract note to his constituents for trades executed in such format as may be prescribed by the Exchange from time to time containing records of all transactions including details of order number, trade number, trade time, trade price, trade quantity, details of the derivatives contract, client code, brokerage, all charges levied etc. and with all other relevant details as required therein to be filled in and issued in such manner and within such time as prescribed by the Exchange. The stock broker shall send contract notes to the investors within one working day of the execution of the trades in hard copy and/or in electronic form using digital signature.
33. The stock broker shall make pay out of funds or delivery of securities, as the case may be, to the Client within one working day of receipt of the payout from the relevant Exchange where the trade is executed unless otherwise specified by the client and subject to such terms and conditions as may be prescribed by the relevant Exchange from time to time where the trade is executed.
34. The stock broker shall send a complete `Statement of Accounts' for both funds and securities in respect of each of its clients in such periodicity and format within such time, as may be prescribed by the relevant Exchange, from time to time, where the trade is executed. The Statement shall also state that the client shall report errors, if any, in the Statement within such time as may be prescribed by the relevant Exchange from time to time where the trade was executed, from the receipt thereof to the Stock broker.
35. The stock broker shall send daily margin statements to the clients. Daily Margin statement should include, inter-alia, details of collateral deposited, collateral utilized and collateral status (available balance/due from client) with break up in terms of cash, Fixed Deposit Receipts (FDRs), Bank Guarantee and securities.
36. The Client shall ensure that it has the required legal capacity to, and is authorized to, enter into the relationship with stock broker and is capable of performing his obligations and undertakings hereunder. All actions required to be taken to ensure compliance of all the transactions, which the Client may enter into shall be completed by the Client prior to such transaction being entered into.
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ELECTRONIC CONTRACT NOTES (ECN)
37. In case, client opts to receive the contract note in electronic form, he shall provide an appropriate e-mail id to the stock broker. The client shall communicate to the stock broker any change in the email-id through a physical letter. If the client has opted for internet trading, the request for change of email id may be made through the secured access by way of client specific user id and password.
38. The stock broker shall ensure that all ECNs sent through the e-mail shall be digitally signed, encrypted, non-tamper able and in compliance with the provisions of the IT Act, 2000. In case, ECN is sent through e-mail as an attachment, the attached file shall also be secured with the digital signature, encrypted and non-tamperable.
39. The client shall note that non-receipt of bounced mail notification by the stock broker shall amount to delivery of the contract note at the e-mail ID of the client.
40. The stock broker shall retain ECN and acknowledgement of the e-mail in a soft and non-tamperable form in the manner prescribed by the exchange in compliance with the provisions of the IT Act, 2000 and as per the extant rules/regulations/circulars/guidelines issued by SEBI/Stock Exchanges from time to time. The proof of delivery i.e., log report generated by the system at the time of sending the contract notes shall be maintained by the stock broker for the specified period under the extant regulations of SEBI/stock exchanges. The log report shall provide the details of the contract notes that are not delivered to the client/e-mails rejected or bounced back. The stock broker shall take all possible steps to ensure receipt of notification of bounced mails by him at all times within the stipulated time period under the extant regulations of SEBI/stock exchanges.
41. The stock broker shall continue to send contract notes in the physical mode to such clients who do not opt to receive the contract notes in the electronic form. Wherever the ECNs have not been delivered to the client or has been rejected (bouncing of mails) by the e-mail ID of the client, the stock broker shall send a physical contract note to the client within the stipulated time under the extant regulations of SEBI/stock exchanges and maintain the proof of delivery of such physical contract notes.
42. In addition to the e-mail communication of the ECNs to the client, the stock broker shall simultaneously publish the ECN on his designated web-site, if any, in a secured way and enable relevant access to the clients and for this purpose, shall allot a unique user name and password to the client, with an option to the client to save the contract note electronically and/or take a print out of the same.
LAW AND JURISDICTION
43. In addition to the specific rights set out in this document, the stock broker, sub-broker and the client shall be entitled to exercise any other rights which the stock broker or the client may have under the Rules, Bye-laws and Regulations of the Exchanges in which the client chooses to trade and circulars/notices issued thereunder or Rules and Regulations of SEBI.
44. The provisions of this document shall always be subject to Government notifications, any rules, regulations, guidelines and circulars/notices issued by SEBI and Rules, Regulations and Bye laws of the relevant stock exchanges, where the trade is executed, that may be in force from time to time.
45. The stock broker and the client shall abide by any award passed by the Arbitrator(s) under the Arbitration and Conciliation Act, 1996. However, there is also a provision of appeal within the stock exchanges, if either party is not satisfied with the arbitration award.
46. Words and expressions which are used in this document but which are not defined herein shall, unless the context otherwise requires, have the same meaning as assigned thereto in the Rules, Byelaws and Regulations and circulars/notices issued thereunder of the Exchanges/SEBI.
47. All additional voluntary clauses/document added by the stock broker should not be in contravention with rules/regulations/notices/circulars of Exchanges/SEBI. Any changes in such voluntary clauses/document(s) need to be preceded by a notice of 15 days. Any changes in the rights and obligations which are specified by Exchanges/SEBI shall also be brought to the notice of the clients.
48. If the rights and obligations of the parties hereto are altered by virtue of change in Rules and regulations of SEBI or Bye-laws, Rules and Regulations of the relevant stock Exchanges where the trade is executed, such changes shall be deemed to have been incorporated herein in modification of the rights and obligations of the parties mentioned in this document.
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INTERNET & WIRELESS TECHNOLOGY BASED TRADING FACILITY PROVIDED BY STOCK BROKERS TO CLIENT
All the clauses mentioned in the 'Rights and Obligations' document(s) shall be applicable. Additionally, the clauses mentioned herein shall also be applicable.
1. Stock broker is eligible for providing Internet based trading (IBT) and securities trading through the use of wireless technology that shall include the use of devices such as mobile phone, laptop with data card, etc. which use Internet Protocol (IP). The stock broker shall comply with all requirements applicable to internet based trading/securities trading using wireless technology as may be specified by SEBI & the Exchanges from time to time.
2. The client is desirous of investing/trading in securities and for this purpose, the client is desirous of using either the internet based trading facility or the facility for securities trading through use of wireless technology. The Stock broker shall provide the Stock broker's IBT Service to the Client, and the Client shall avail of the Stock broker's IBT Service, on and subject to SEBI/Exchanges Provisions and the terms and conditions specified on the Stock broker's IBT Web Site provided that they are in line with the norms prescribed by Exchanges/SEBI.
3. The stock broker shall bring to the notice of client the features, risks, responsibilities, obligations and liabilities associated with securities trading through wireless technology/internet/smart order routing or any other technology should be brought to the notice of the client by the stock broker.
4. The stock broker shall make the client aware that the Stock Broker's IBT system itself generates the initial password and its password policy as stipulated in line with norms prescribed by Exchanges/SEBI.
5. The Client shall be responsible for keeping the Username and Password confidential and secure and shall be solely responsible for all orders entered and transactions done by any person whosoever through the Stock broker's IBT System using the Client's Username and/or Password whether or not such person was authorized to do so. Also the client is aware that authentication technologies and strict security measures are required for the internet trading/securities trading through wireless technology through order routed system and undertakes to ensure that the password of the client and/or his authorized representative are not revealed to any third party including employees and dealers of the stock broker.
6. The Client shall immediately notify the Stock broker in writing if he forgets his password, discovers security flaw in Stock Broker's IBT System, discovers/suspects discrepancies/ unauthorized access through his username/password/account with full details of such unauthorized use, the date, the manner and the transactions effected pursuant to such unauthorized use, etc.
7. The Client is fully aware of and understands the risks associated with availing of a service for routing orders over the internet/securities trading through wireless technology and Client shall be fully liable and responsible for any and all acts done in the Client's Username/password in any manner whatsoever.
8. The stock broker shall send the order/trade confirmation through email to the client at his request. The client is aware that the order/ trade confirmation is also provided on the web portal. In case client is trading using wireless technology, the stock broker shall send the order/trade confirmation on the device of the client.
9. The client is aware that trading over the internet involves many uncertain factors and complex hardware, software, systems, communication lines, peripherals, etc. are susceptible to interruptions and dislocations. The Stock broker and the Exchange do not make any representation or warranty that the Stock broker's IBT Service will be available to the Client at all times without any interruption.
10. The Client shall not have any claim against the Exchange or the Stock broker on account of any suspension, interruption, non-availability or malfunctioning of the Stock broker's IBT System or Service or the Exchange's service or systems or non-execution of his orders due to any link/system failure at the Client/Stock brokers/Exchange end for any reason beyond the control of the stock broker/Exchanges.
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RISK DISCLOSURE DOCUMENT FOR CAPITAL MARKET AND DERIVATIVES SEGMENTS
This document contains important information on trading in Equities/Derivatives Segments of the stock exchanges. All prospective constituents should read this document before trading in Equities/Derivatives Segments of the Exchanges.
Stock exchanges/SEBI does neither singly or jointly and expressly nor impliedly guarantee nor make any representation concerning the completeness, the adequacy or accuracy of this disclosure document nor have Stock exchanges /SEBI endorsed or passed any merits of participating in the trading segments. This brief statement does not disclose all the risks and other significant aspects of trading.
In the light of the risks involved, you should undertake transactions only if you understand the nature of the relationship into which you are entering and the extent of your exposure to risk.
You must know and appreciate that trading in Equity shares, derivatives contracts or other instruments traded on the Stock Exchange, which have varying element of risk, is generally not an appropriate avenue for someone of limited resources/limited investment and/or trading experience and low risk tolerance. You should therefore carefully consider whether such trading is suitable for you in the light of your financial condition. In case you trade on Stock exchanges and suffer adverse consequences or loss, you shall be solely responsible for the same and Stock exchanges/its Clearing Corporation and/or SEBI shall not be responsible, in any manner whatsoever, for the same and it will not be open for you to take a plea that no adequate disclosure regarding the risks involved was made or that you were not explained the full risk involved by the concerned stock broker. The constituent shall be solely responsible for the consequences and no contract can be rescinded on that account. You must acknowledge and accept that there can be no guarantee of profits or no exception from losses while executing orders for purchase and/or sale of a derivative contract being traded on Stock exchanges.
It must be clearly understood by you that your dealings on Stock exchanges through a stock broker shall be subject to your fulfilling certain formalities set out by the stock broker, which may inter alia include your filling the know your client form, reading the rights and obligations, do's and don'ts, etc., and are subject to the Rules, Byelaws and Regulations of relevant Stock exchanges, its Clearing Corporation, guidelines prescribed by SEBI and in force from time to time and Circulars as may be issued by Stock exchanges or its Clearing Corporation and in force from time to time.
Stock exchanges does not provide or purport to provide any advice and shall not be liable to any person who enters into any business relationship with any stock broker of Stock exchanges and/or any third party based on any information contained in this document. Any information contained in this document must not be construed as business advice. No consideration to trade should be made without thoroughly understanding and reviewing the risks involved in such trading. If you are unsure, you must seek professional advice on the same.
In considering whether to trade or authorize someone to trade for you, you should be aware of or must get acquainted with the following:-
1. BASIC RISKS:
1.1 Risk of Higher Volatility:
Volatility refers to the dynamic changes in price that a security/derivatives contract undergoes when trading activity continues on the Stock Exchanges. Generally, higher the volatility of a security/derivatives contract, greater is its price swings. There may be normally greater volatility in thinly traded securities / derivatives contracts than in active securities /derivatives contracts. As a result of volatility, your order may only be partially executed or not executed at all, or the price at which your order got executed may be substantially different from the last traded price or change substantially thereafter, resulting in notional or real losses.
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1.2 Risk of Lower Liquidity:
Liquidity refers to the ability of market participants to buy and/or sell securities / derivatives contracts expeditiously at a competitive price and with minimal price difference. Generally, it is assumed that more the numbers of orders available in a market, greater is the liquidity. Liquidity is important because with greater liquidity, it is easier for investors to buy and/or sell securities / derivatives contracts swiftly and with minimal price difference, and as a result, investors are more likely to pay or receive a competitive price for securities / derivatives contracts purchased or sold. There may be a risk of lower liquidity in some securities / derivatives contracts as compared to active securities / derivatives contracts. As a result, your order may only be partially executed, or may be executed with relatively greater price difference or may not be executed at all.
1.2.1 Buying or selling securities / derivatives contracts as part of a day trading strategy may also result into losses, because in such a situation, securities / derivatives contracts may have to be sold / purchased at low / high prices, compared to the expected price levels, so as not to have any open position or obligation to deliver or receive a security / derivatives contract.
1.3 Risk of Wider Spreads:
Spread refers to the difference in best buy price and best sell price. It represents the differential between the price of buying a security / derivatives contract and immediately selling it or vice versa. Lower liquidity and higher volatility may result in wider than normal spreads for less liquid or illiquid securities / derivatives contracts. This in turn will hamper better price formation.
1.4 Risk-reducing orders:
The placing of orders (e.g., "stop loss" orders, or "limit" orders) which are intended to limit losses to certain amounts may not be effective many a time because rapid movement in market conditions may make it impossible to execute such orders.
1.4.1 A "market" order will be executed promptly, subject to availability of orders on opposite side, without regard to price and that, while the customer may receive a prompt execution of a "market" order, the execution may be at available prices of outstanding orders, which satisfy the order quantity, on price time priority. It may be understood that these prices may be significantly different from the last traded price or the best price in that security / derivatives contract.
1.4.2 A "limit" order will be executed only at the "limit" price specified for the order or a better price. However, while the customer receives price protection, there is a possibility that the order may not be executed at all.
1.4.3 A stop loss order is generally placed "away" from the current price of a stock / derivatives contract, and such order gets activated if and when the security / derivatives contract reaches, or trades through, the stop price. Sell stop orders are entered ordinarily below the current price, and buy stop orders are entered ordinarily above the current price. When the security / derivatives contract reaches the pre -determined price, or trades through such price, the stop loss order converts to a market/limit order and is executed at the limit or better. There is no assurance therefore that the limit order will be executable since a security / derivatives contract might penetrate the pre-determined price, in which case, the risk of such order not getting executed arises, just as with a regular limit order.
1.5 Risk of News Announcements:
News announcements that may impact the price of stock / derivatives contract may occur during trading, and when combined with lower liquidity and higher volatility, may suddenly cause an unexpected positive or negative movement in the price of the security / contract.
1.6 Risk of Rumors:
Rumors about companies / currencies at times float in the market through word of mouth, newspapers, websites or news agencies, etc. The investors should be wary of and should desist from acting on rumors.
1.7 System Risk:
High volume trading will frequently occur at the market opening and before market close. Such high volumes may also occur at any point in the day. These may cause delays in order execution or confirmation.
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1.7.1 During periods of volatility, on account of market participants continuously modifying their order quantity or prices or placing fresh orders, there may be delays in order execution and its confirmations.
1.7.2 Under certain market conditions, it may be difficult or impossible to liquidate a position in the market at a reasonable price or at all, when there are no outstanding orders either on the buy side or the sell side, or if trading is halted in a security / derivatives contract due to any action on account of unusual trading activity or security / derivatives contract hitting circuit filters or for any other reason.
1.8 System/Network Congestion:
Trading on exchanges is in electronic mode, based on satellite/leased line based communications, combination of technologies and computer systems to place and route orders. Thus, there exists a possibility of communication failure or system problems or slow or delayed response from system or trading halt, or any such other problem/glitch whereby not being able to establish access to the trading system/network, which may be beyond control and may result in delay in processing or not processing buy or sell orders either in part or in full. You are cautioned to note that although these problems may be temporary in nature, but when you have outstanding open positions or unexecuted orders, these represent a risk because of your obligations to settle all executed transactions.
2. As far as Derivatives segments are concerned, please note and get yourself acquainted with the following additional features:-
2.1 Effect of "Leverage" or "Gearing":
In the derivatives market, the amount of margin is small relative to the value of the derivatives contract so the transactions are 'leveraged' or 'geared'. Derivatives trading, which is conducted with a relatively small amount of margin, provides the possibility of great profit or loss in comparison with the margin amount. But transactions in derivatives carry a high degree of risk. You should therefore completely understand the following statements before actually trading in derivatives and also trade with caution while taking into account one's circumstances, financial resources, etc. If the prices move against you, you may lose a part of or whole margin amount in a relatively short period of time. Moreover, the loss may exceed the original margin amount.
A. Futures trading involve daily settlement of all positions. Every day the open positions are marked to market based on the closing level of the index / derivatives contract. If the contract has moved against you, you will be required to deposit the amount of loss (notional) resulting from such movement. This amount will have to be paid within a stipulated time frame, generally before commencement of trading on next day.
B. If you fail to deposit the additional amount by the deadline or if an outstanding debt occurs in your account, the stock broker may liquidate a part of or the whole position or substitute securities. In this case, you will be liable for any losses incurred due to such close-outs.
C. Under certain market conditions, an investor may find it difficult or impossible to execute transactions. For example, this situation can occur due to factors such as illiquidity i.e. when there are insufficient bids or offers or suspension of trading due to price limit or circuit breakers etc.
D. In order to maintain market stability, the following steps may be adopted: changes in the margin rate,increases in the cash margin rate or others. These new measures may also be applied to the existing open interests. In such conditions, you will be required to put up additional margins or reduce your positions.
E. You must ask your broker to provide the full details of derivatives contracts you plan to trade i.e. the contract specifications and the associated obligations.
2.2 Currency specific risks:
1. The profit or loss in transactions in foreign currency-denominated contracts, whether they are traded in your own or another jurisdiction, will be affected by fluctuations in currency rates where there is a need to convert from the currency denomination of the contract to another currency.
2. Under certain market conditions, you may find it difficult or impossible to liquidate a position. This can occur, for example when a currency is deregulated or fixed trading bands are widened.
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3. Currency prices are highly volatile. Price movements for currencies are influenced by, among other things: changing supply-demand relationships; trade, fiscal, monetary, exchange control programs and policies of governments; foreign political and economic events and policies; changes in national and international interest rates and inflation; currency devaluation; and sentiment of the market place. None of these factors can be controlled by any individual advisor and no assurance can be given that an advisor's advice will result in profitable trades for a participating customer or that a customer will not incur losses from such events.
2.3 Risk of Option holders:
1. An option holder runs the risk of losing the entire amount paid for the option in a relatively short period of time. This risk reflects the nature of an option as a wasting asset which becomes worthless when it expires. An option holder who neither sells his option in the secondary market nor exercises it prior to its expiration will necessarily lose his entire investment in the option. If the price of the underlying does not change in the anticipated direction before the option expires, to an extent sufficient to cover the cost of the option, the investor may lose all or a significant part of his investment in the option.
2. The Exchanges may impose exercise restrictions and have absolute authority to restrict the exercise of options at certain times in specified circumstances.
2.4 Risks of Option Writers:
1. If the price movement of the underlying is not in the anticipated direction, the option writer runs the risks of losing substantial amount.
2. The risk of being an option writer may be reduced by the purchase of other options on the same underlying interest and thereby assuming a spread position or by acquiring other types of hedging positions in the options markets or other markets. However, even where the writer has assumed a spread or other hedging position, the risks may still be significant. A spread position is not necessarily less risky than a simple 'long' or 'short' position.
3. Transactions that involve buying and writing multiple options in combination, or buying or writing options in combination with buying or selling short the underlying interests, present additional risks to investors. Combination transactions, such as option spreads, are more complex than buying or writing a single option. And it should be further noted that, as in any area of investing, a complexity not well understood is, in itself, a risk factor. While this is not to suggest that combination strategies should not be considered, it is advisable, as is the case with all investments in options, to consult with someone who is experienced and knowledgeable with respect to the risks and potential rewards of combination transactions under various market circumstances.
3. TRADING THROUGH WIRELESS TECHNOLOGY/ SMART ORDER ROUTING OR ANY OTHER TECHNOLOGY:
Any additional provisions defining the features, risks, responsibilities, obligations and liabilities associated with securities trading through wireless technology/ smart order routing or any other technology should be brought to the notice of the client by the stock broker.
4. GENERAL
4.1 The term 'constituent' shall mean and include a client, a customer or an investor, who deals with a stock broker for the purpose of acquiring and/or selling of securities / derivatives contracts through the mechanism provided by the Exchanges.
4.2 The term 'stock broker' shall mean and include a stock broker, a broker or a stock broker, who has been admitted as such by the Exchanges and who holds a registration certificate from SEBI.
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GUIDANCE NOTE - DO's AND DON'Ts FOR TRADING ON THE EXCHANGE(S) FOR INVESTORS
BEFORE YOU BEGIN TO TRADE
1. Ensure that you deal with and through only SEBI registered intermediaries. You may check their SEBI registration certificate number from the list available on the Stock exchanges /
and SEBI website .
2. Ensure that you fill the KYC form completely and strike off the blank fields in the KYC form.
3. Ensure that you have read all the mandatory documents viz. Rights and Obligations, Risk Disclosure Document, Policy andProcedure document of the stock broker.
4. Ensure to read, understand and then sign the voluntary clauses, if any, agreed between you and the stock broker. Note thatthe clauses as agreed between you and the stock broker cannot be changed without your consent.
5. Get a clear idea about all brokerage, commissions, fees and other charges levied by the broker on you for trading and therelevant provisions/ guidelines specified by SEBI/Stock exchanges.
6. Obtain a copy of all the documents executed by you from the stock broker free of charge.
7. In case you wish to execute Power of Attorney (POA) in favour of the Stock broker, authorizing it to operate your bank and demat account, please refer to the guidelines issued by SEBI/Exchanges in this regard.
TRANSACTIONS AND SETTLEMENTS
8. The stock broker may issue electronic contract notes (ECN) if specifically authorized by you in writing. You should provideyour email id to the stock broker for the same. Don't opt for ECN if you are not familiar with computers.
9. Don't share your internet trading account's password with anyone.
10. Don't make any payment in cash to the stock broker.
11. Make the payments by account payee cheque in favour of the stock broker. Don't issue cheques in the name of sub-broker. Ensure that you have a documentary proof of your payment/deposit of securities with the stock broker, stating date, scrip, quantity, towards which bank/ demat account such money or securities deposited and from which bank/ demat account.
12. Note that facility of Trade Verification is available on stock exchanges' websites, where details of trade as mentioned in thecontract note may be verified. Where trade details on the website do not tally with the details mentioned in the contract note, immediately get in touch with the Investors Grievance Cell of the relevant Stock exchange.
13. In case you have given specific authorization for maintaining running account, payout of funds or delivery of securities (asthe case may be), may not be made to you within one working day from the receipt of payout from the Exchange. Thus, the stock broker shall maintain running account for you subject to the following conditions:
a) Such authorization from you shall be dated, signed by you only and contains the clause that you may revoke the same at any time.
b) The actual settlement of funds and securities shall be done by the stock broker, at least once in a calendar quarter or month, depending on your preference. While settling the account, the stock broker shall send to you a 'statement of accounts' containing an extract from the client ledger for funds and an extract from the register of securities displaying all the receipts/deliveries of funds and securities. The statement shall also explain the retention of funds and securities and the details of the pledged shares, if any.
c) On the date of settlement, the stock broker may retain the requisite securities/funds towards outstanding obligations and may also retain the funds expected to be required to meet derivatives margin obligations for next 5 trading days, calculated in the manner specified by the exchanges. In respect of cash market transactions, the stock broker may retain entire pay-in obligation of funds and securities due from clients as on date of settlement and for next day's business, he may retain funds/securities/margin to the extent of value of transactions executed on the day of such settlement in the cash market.
www.bseindia.comwww.nseindia.com/www.mcx-sx.com www.sebi.gov.in
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d) You need to bring any dispute arising from the statement of account or settlement so made to the notice of the stockbroker in writing preferably within 7 (seven) working days from the date of receipt of funds/securities or statement, as the case may be. In case of dispute, refer the matter in writing to the Investors Grievance Cell of the relevant Stock exchanges without delay.
14. In case you have not opted for maintaining running account and pay-out of funds/securities is not received on the next working day of the receipt of payout from the exchanges, please refer the matter to the stock broker. In case there is dispute, ensure that you lodge a complaint in writing immediately with the Investors Grievance Cell of the relevant Stock exchange.
15. Please register your mobile number and email id with the stock broker, to receive trade confirmation alerts/ details of the transactions through SMS or email, by the end of the trading day, from the stock exchanges.
IN CASE OF TERMINATION OF TRADING MEMBERSHIP
16. In case, a stock broker surrenders his membership, is expelled from membership or declared a defaulter; Stock exchanges gives a public notice inviting claims relating to only the "transactions executed on the trading system" of Stock exchange,from the investors. Ensure that you lodge a claim with the relevant Stock exchanges within the stipulated period and with the supporting documents.
17. Familiarize yourself with the protection accorded to the money and/or securities you may deposit with your stock broker, particularly in the event of a default or the stock broker's insolvency or bankruptcy and the extent to which you may recover such money and/or securities may be governed by the Bye-laws and Regulations of the relevant Stock exchange where the trade was executed and the scheme of the Investors' Protection Fund in force from time to time.
DISPUTES/ COMPLAINTS
18. Please note that the details of the arbitration proceedings, penal action against the brokers and investor complaints against the stock brokers are displayed on the website of the relevant Stock exchange.
19. In case your issue/problem/grievance is not being sorted out by concerned stock broker/sub-broker then you may take up the matter with the concerned Stock exchange. If you are not satisfied with the resolution of your complaint then you can escalate the matter to SEBI.
20. Note that all the stock broker/sub-brokers have been mandated by SEBI to designate an e-mail ID of the grievance redressal division/compliance officer exclusively for the purpose of registering complaints.
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POLICIES & PROCEDURES
1. Refusal of orders for penny stocks:-
'Penny Stocks' may include the stocks which are appearing in the list of illiquid securities issued by the NSE/BSE/MCX-SX every month.
a) No trading will be allowed in Penny Stocks.
b) Purchase / Sale order in Penny Stock will be executed by PL only if the Client has either sufficient credit balance in his account or transferred the Penny Stock to PL's DP account before placing purchase / sale order in Penny Stock as the case may be .
c) Trades in Penny Stock must be settled and must not be squared off.
d) PL, at its discretion, may monitor trades in Penny Stock and may relax or put further restriction, as it may deem fit from time to time.
2. Setting up client's exposure limits:-
Client Exposure Limits shall be set up based on various factors including Client specific parameters like risk bearing capacity, margins received, past track record of the Client, etc., recommendations from Sub-Broker / Authorised Person / Remiser and general parameters like market volatility, global scenario, etc.
3. Applicable brokerage rate:-
PL will charge brokerage rate as per SEBI/NSE/BSE/MCX-SX Rules & Regulations, as applicable from time to time, and as stated in the AOF or as mutually decided from time to time by PL along with Sub-Broker / Authorised Person / Remiser and the Client.
4. Imposition of penalty/delayed payment charges by either party specifying the rate and the period
Delayed Payment Charges
Delayed Payment charges will be applied @ 1.5% per month or such other rate as may be applicable and intimated to the Client from time to time, on Client's daily debit balance
Penalty by Exchanges
Any penalty as imposed by NSE/BSE/MCX-SX from time to time for the Client's default will be recovered by PL from Clients by debiting the respective Client's account to the extent it can be directly related to such Clients.
5. The right to sell Clients' securities or close Clients' open positions, without giving any kind of notice to the Client, on account of non-payment of Client's dues :-
PL will have discretion to sell securities of Clients including shares kept with PL as margin by the Client and/ or square off outstanding position at F & O segment, without any oral or written notice to the Client, at any time after T+1 day if a Client has not paid his dues including margin payable.
6. Shortages in obligations arising out of internal netting of trades,
NSE:
PL will close-out the short deliveries at NSE based on NSE exchange formula or based on the internal close-out policy applicable from time to time.
BSE:
PL at its discretion will request BSE to auction the shares not delivered by a Client. Then, normal auction procedure will be followed. If the shares are not received through auction, then the trade will be closed-out as per /BSE Rules & Regulations.
MCX-SX:
PL will close-out the short deliveries at MCX-SX based on MCX-SX exchange formula or based on the internal close-out policy applicable from time to time.
7. Conditions under which a Client may not be allowed to take further position or the broker may close the existing position of a Client :-
While allowing/disallowing further positions or closing an existing position, PL may exercise its discretion subject to the terms mentioned in ‘Rights & Obligations’ document, ‘Risk Disclosure Document’, Contract Note and rules, regulations and guidelines issued by NSE/BSE/MCX-SX/SEBI from time to time. PL may close out part / entire open position of the defaulting Client without any prior notice where Client default payment of margins/MTM shortages beyond T+1 day.
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8. Temporarily suspending or closing a client's account at the client's Request :-
Temporary Suspension
At the client's request in writing to PL's CR team or through personalized login ID at PL's website www.plclients.com or such other mode of communication as permitted by PL from time to time, the client's broking account will be temporarily deactivated provided the client has nil balance in his ledger a/c with PL and has no open position at F&O segment. The suspension will be revoked as stated in the request or as per request made by the client.
If any documents including contract sent to a client at his address registered with PL through post or to the client's email address registered with PL or otherwise, returned undelivered, then PL may, at its discretion, suspend the broking account of the client till the client provide to PL's CR Team new address / new email id as per prevalent procedure of PL.
Closure of Broking Account
A client may request in writing to PL's CR team or through his personalized login id or such other approved means of communication to close his broking account provided there is nil balance in his account with PL and no unsettled trades / open position on his account.
9. Deregistering a client.
A client will be deregistered in following circumstances:-
a) On submission of copy of death certificate of a client by his/her family members
b) On filing of arbitration application against the client by PL.
c) On declaration of a client as Debarred Person by SEBI / NSE / BSE / MCX-SX
d) At the discretion of PL if a client does not operate satisfactorily.
e) On closure of Branch/Sub-broker.
f) On Knowledge of client death by PL
10. Inactive accounts
An account will be treated as dormant if the client has not executed any trade anytime during previous 24 months provided the client is registered prior to last 12 months. All dormant accounts will be suspended and the same shall be activated on basis of request made to CR team and fulfillment of procedure by the client as required by CR team from time to time.
Signature of the Client*
* To be signed by the Client only and not by his or her POA holder
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Name & Signature of the Sub-broker/ Entered in the system by: Authorised Person (alongwith rubber stamp) Name & Signature:
Date
Opening % Same day Open Next Day Minimum
square-up % Position % square-up % paise Charged
Trading
Delivery
Futures #
Options #
Currency
Futures #
Currency
Options #
OTHER CHARGES
I. In addition to brokerage charges, service tax, stamp duty, securities transaction tax, transaction charges, SEBI
turnover fees, stamp charges on DP agreement/ Power of Attorney (POA) & other charges as applicable from time to
time shall be borne by the Client.ii. Delayed payment charges @ 1.5% per month or such other rate as may be applicable and intimated to the Client
from time to time chargeable on the Client's daily debit balance will be borne by the Client.iii. Fees for upload/ download of KYC form with KRA as may be applicable from time to time plus applicable tax, if any,
will be borne by the client.
TARIFF OPTED FOR DEMAT ACCOUNT (Refer attached tariff sheet for charges under various schemes)
TARIFF SHEET
Brokerage slabs (SECURITIES)Date: ___________________
Client Code
Client Name
Brokerage:
Scheme Name POA (Yes or No) AMC/ One time payment
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First / Sole Holder Second Holder Third HolderName
Signature*
Note:
· In case of individual accounts, this form should be signed by Client only and not by his/ her authorised signatory or power of attorney holder.
· In case of non-individual accounts, this form should be signed by the authorised signatory/(ies) of the Client only.
# Inclusive of expiry close-outs
For PL- HO use only
Name SignatureVerified byDate
USEFUL DO'S / DONT'S FOR THE CLIENTS
NON-MANDATORY DOCUMENTS
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Based on our long working experience as a Stockbroker & Depository Participant, we are of strong view that if a BO take few precautions to safeguard his securities, unforeseen & undesirable situations may be avoided. We request you to meticulously follow the below mentioned instructions to avoid problems at a later stage.DO'S
● Do ensure to receive a Transaction cum holding statement of your BO a/c every month if you have done any transaction during the month and once a quarter if there has been no transactions in your DP a/c. Please ensure that your holding and transaction statement is received and reconciled periodically. In case of any discrepancy, contact our DP Team immediately for clarification.
● Do contact our CR team at 022-66322365 or [email protected] for any trade related queries and contact at [email protected] for your grievance for broking services, if any.
● Do contact our DP Team for queries / clarifications / grievances at 022-66322456 Fax No.: 022-66322459; E mail: [email protected]
● Do login at www.cdslindia.com to avail Easi facility of your DP a/c within 90 days from date of account opening failing which your Easi User ID will be cancelled by CDSL. Details of Easi User ID is available in our DP Welcome Letter while password would be received by you from CDSL directly at your e-mail ID registered with us at the time of account opening. (Easi facility is provided by your depository, CDSL, at their web-site whereby you can view transactions & holdings in your DP account through Internet 24x7.)
● Do ensure that complete & correct address is provided to us so as to avoid return of documents. Any change in your Correspondence / Permanent Address, Telephone / Mobile number, E-mail ID, Bank details etc. must be intimated to our DP Team immediately with modification form & relevant proofs. All documents including Delivery/Debit Instruction slip (DIS) booklet & transaction statements will be sent to your correspondence address directly by us.
● Do ensure to give your own Mobile number & E-mail ID for SMS Alerts & Easi facility in order to safeguard your BO account from being misused
● Do ensure that each slip on DIS booklet issued to you has been pre-stamped with a serial number and your demat account number. In case you receive any booklet / slip without serial number or your account number, please return the same to us immediately.
● Do ensure to keep DIS booklet of your BO a/c in safe custody just like your cheque book. In case of loss of the said booklet or any slip, please inform our DP Team immediately in writing for Stop-transfer of lost booklet / slips.
● Do ensure that requisition for fresh DIS booklet is given on the Requisition Slip attached to your previous DIS booklet and is signed by all holders. As per SEBI/CDSL instructions, fresh booklet has to be given only against such Requisition Slips
● Do mention all details accurately and in a legible handwriting. Avoid over-writing, cancellations, corrections, changing of the name and quantity of securities or Counter BO IDs. Authorize every correction, over- writing or cancellation on DIS by all holders signing in full against the same.
● Do fill in all details of the transaction like scrip name, quantity in figures & words, number of instructions used, counter-party demat a/c number before handing your DIS to us or any third party.. If there is space for multiple instructions and it is not used fully, please strike out blank space so as to avoid its misuse.
● Do contact our DP Team for freeze / unfreeze of your BO a/c to enable them to send necessary forms to you in case you wish to freeze your account (e.g. if you are going abroad etc.). Freeze/ Unfreeze of your BO a/c is possible only on receipt of duly filled forms signed by all holders
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I/We have read and understood the abovementioned Do’s & Don'ts for the Client and agree to abide by the same.
*Note: To be signed by the Client only and not by his or her POA Holder.
First / Sole Holder Second Holder Third Holder
Name
Signature*
● Do record folio number, certificate number & distinctive numbers of securities before sending physical securities to us for demat. This information will be required for issue of duplicate share certificates in case your parcel containing certificates is lost in transit.
● Do ensure that all holders sign documents like DIS slip, Demat Request form, Account Modification or Account Closure form etc. in case of BO accounts with joint holder/s
● Do ensure that your instructions are received by us at least 1 day before pay-in time of the relevant exchange so as to avoid auctions due to non delivery of securities
● Do deliver the securities towards your sale / margin to PL’s DP a/c from your own Beneficiary A/c registered with PL. At your discretion, you may execute Power of Attroney in favour of “Prabhudas Lilladher Pvt. Ltd.” which will be exclusively used for the purpose of debiting your DP a/c with our DP Team for your sales/margin obligation only
● Do check your funds/securities statement sent to you at your email ID registered with CR Team.
● Do request in writing or through email to our CR Team for freezing of your Broking A/c in case you do not wish to execute any security trade for a certain period (e.g. if you are going abroad etc.). Whenever you wish to re-commence transactions, you may request our CR Team to Unfreeze your Broking A/c .
DONTs
● Do not authorise any other person including our Employees / Sub-broker / Authorised Person to operate your BO account on your behalf.
● Do not leave your DIS booklet or blank signed slips with any third party or your broker/sub-broker.
● Do not sign blank DIS as it is equivalent to a bearer cheque.
● Do not share your User-ID or Password with any third party
● Do not accept Transaction and/or Holding statement of your DP a/c given by any persons other than that sent by our DP Team from Mumbai.
● Do not execute Suspicious / Benami transactions failing which we will be compelled to report such transactions to Director FIU-IND, New Delhi under the provisions of Prevention of Money Laundering Act.
● Do not give cash/cheques or transfer securities to our Associates / Employees or any other person as they are not authorised to receive funds or securities in their name.
● Do not give third party cheques / DD for your purchases/ margin obligations.
● Do not give third party deliveries for your sale / margin obligations.
● Do not authorise any other person including our employees/Sub-broker/Authorised Person to place order on your behalf.
● Do not accept any offer of assured return on your funds from any person including our employees/Sub-broker/ Authorised Person, as no one can assure return on your funds due to volatile nature of capital market.
OTHER VOLUNTARY RIGHTS AND OBLIGATIONS OF STOCK BROKERS, SUB-BROKERS AND CLIENTS (as prescribed by the Stock Broker)
1. The Client shall be wholly responsible for all his decisions and trades.
2. The failure of the Client to understand the risks involved shall not render a contract as void or voidable and he shall be and shall continue to be responsible for all the risks and consequences for entering into trades in the segment
3. The Client will not indulge, either individually or in concert with others, in price- manipulative, fraudulent, deceptive or circular transactions.
4. The Client will not act as an unregistered intermediary.
5. The Client agrees to abide by the exposure limits, if any, set by the Member or by the Exchange or Clearing Corporation or SEBI from time to time.
6. The Client will make payments for his purchases and / or margins directly to the Member’s a/c either by crossed cheque or demand draft in favour of the member. The Client will not make any payment in cash.
7. The Client agrees that if he fails to make payment before pay-in day, the Member will charge delayed payment charges @ 1.5% per month or such other rate as may be applicable and intimated to the Client from time to time, on the outstanding amount and further that they may dispose off his securities to recover their dues including delayed payment charges.
8. The Client will deliver shares from his registered demat a/c only to Member’s a/c / Clearing House for fulfilling his sales obligation or for margin purpose or otherwise.
9. If the Client fails to deliver shares sold by him before time specified by the Member for pay-in of shares, the Client authorizes the Member, at their discretion, to utilize his shares lying with the member as Margin towards client's sales obligation.
10. If the Client fails to request the member to adjust his shares inter settlement before prescribed limit for pay-in of shares, client authorises the member, at member's discretion, to adjust shares, in full or in part, towards client's sales obligation.
11. The Client authorises the Member to mark provisional debit in his account in case of shortage of shares sold by him till the exchange provides details of auction / close-out to them.
12. The Client authorises the Member to auction / close out internal shortage at their discretion.
13. The Client agrees that the Member will send monthly/ quarterly a/c statements (as opted in Running Account authorisation) by Email on Email-ID as stated in the Client Registration Form. The Client further agrees that he will bring any discrepancy to the notice of the Member directly within 30 days from the date of the receipt of statement failing which it will be presumed that there is no discrepancy.
14. The Client authorises the Member, at their discretion, to adjust his funds / securities at any segment of the stock exchange towards his obligation at any other segments of any exchanges(s).
15. The Client agrees to immediately furnish information to the Member in writing , if any winding up petition or insolvency petition has been filed or any winding up or insolvency order or decree or award is passed against him or if any litigation which may have material bearing on his capacity has been filed against him.
16. The Member and the Client agree to abide by any award passed by the Ombudsman under the SEBI (Ombudsman) Regulations, 2003.
17. FOR NRO CLIENT - UNDERTAKING AT NSE/MCX-SX Derivative SEGMENT - The Client undertakes to trade and settle his trades at NSE/MCX-SX Derivative Segment through the Member only. The Client further undertakes that he will neither trade nor settle his trade at NSE / MCX-SX F&O Segment through any other NSE / MCX-SX Member.
18. The Client authorises the Member to display the Client’s details on ANMI/ other websites, if the Client defaults in fulfilling his obligation to the Member.
I/We have read and understood the abovementioned Other Voluntary Rights & Obligations for the Client and agree to abide by the same.
Signature of the Client*
*Note: To be signed by the Client only and not by his or her POA Holder.
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DISCLOSURE OF PROPRIETARY TRADING BY PLAs per requirement of SEBI / BSE / NSE, PL informs you that PL executes proprietary trades at NSE / BSE/MCX-SX - Cash, F & O and Currency Derivative Segment
BANK VERIFICATION LETTER
Date :
To,
Prabhudas Lilladher Pvt. Ltd.
3rd floor, Sadhana House
570, P. B. Marg, Worli,
Mumbai 400 018.
This is to certify that Mr. / Ms. / M/s.
is holding a Savings / Current account no.
(name of the client),
jointly with with our branch since . We further
confirm that the photograph herein bears true likeness to the identity of the above-mentioned person and that the
address of the person is as given below. The MICR Code of the branch is
Signature of the client Address(Bank Stamp across address)
Photograph(Bank Stamp across photograph)
Name of Bank Manager:
Employee Code:
Signature:
Attestation Date: / /20
Note: 1) This letter is valid only if accompanied by copy of bank passbook/Statement
2) As per SEBI circular dtd. 22nd August 2011, only Bank Manager is authorised to give attestation/ verification.
This letter will be rendered invalid if done by any other staff of the Bank.
3) Bank verification for joint BO Account holders may be provided in the same format as above.
Stamp of the Bank & the Branch
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DIRECT CREDIT FORM
Dear Sir(s),
Sub: Authorization for effecting Funds Payout by direct credit by way of NEFT/ RTGS/Fund Transfer.
To,Prabhudas Lilladher Pvt. Ltd.3rd floor, Sadhana House570, P. B. Marg, Worli,Mumbai 400 018.
Client Name as per Bank's Records
Bank Name
Branch Name
Bank A/c No
Nature of A/c: Current A/c Savings Bank A/c
Bank's IFSC Code
Bank's MICR Code
Yours faithfully
Signature of the Client*
*To be signed by the Client only and not by his or her POA Holder.
Date:
I/We hereby authorize you to effect direct credit by way of NEFT/RTGS/ Funds Transfer to our bank account
detailed below towards any funds payout due to us.
I enclose herewith the latest bank statement as supporting document mentioning my name as the account holder (refer Note 2). A cancelled cheque in original for the above account is enclosed for your verification of relevant details.
I agree and understand that Prabhudas Lilladher Pvt Ltd (herein after mentioned as “PL”) would be free to decide the mode of payment viz. either as direct credit to my bank account mentioned above by way of NEFT/RTGS/Fund Transfer or by way of Account Payee Cheque in my favor as per cheque print name registered with you.
I agree that PL shall have the sole discretion to decide on the date of commencement of the direct fund transfer facility by way of NEFT/RTGS/Fund Transfer as mentioned above.
I agree to communicate without any delay any change in my bank account for the above-mentioned purpose. I agree to send a fresh request for replacement of my bank a/c subject to the above terms.
I agree that if any funds are moved to my account that are not due to me for any reasons including but not limited to an error or fraud, I undertake to immediately return the funds to you.
I am solely responsible for any losses and/or delayed credit arising out of any mistake by me in quoting Bank account number and my name, bank name, branch name & IFSC code or updating you for any changes therein.
Notes1. Cheque Print name must be identical with Name of Client registered with Prabhudas Lilladher Pvt Ltd (PL). If no
cheque print name is mentioned, Cheque will be printed with Client name as registered with PL.2. Applicable only when your name is not printed on the cheque, Your address shown in the copy of bank statement
should be identical to the address declared by you to PL.3. If there is a mismatch in the name and/or address, give due reason thereof along with other supporting
documents. PL Reserves the right to reject the request for NEFT/RTGS/Fund Transfer in case of mismatches in name and/or address.
PL Client Code:
Cheque Print Name of Client (refer Note 1):
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Dear Sir(s),
Sub: Authority to issue Electronic Contract Notes (ECN)& other statements etc. through E-mail and Application for “SMART” Account to view details of Trade/Fund/Securities/Margin etc. (Back Office Details)
To,Prabhudas Lilladher Pvt. Ltd.3rd floor, Sadhana House570, P. B. Marg, Worli,Mumbai 400 018.
I / We, hereby authorize you to issue ECN and request you to enroll my/our name for the SMART Account ,which will enable me / us to view my Back Office Details, Research Reports etc at your website www. plclients.com,. and allot me/ us the User ID & Password for the same. I / We authorise and/or undertake you as stated below:-
1. To issue ECN /Account Statements/Other Statements through E-mail.
I / We authorise you to issue contract notes of my/ our dealings at Cash / F&O / Currency Derivative segment/Securities Lending & Borrowing Mechanism of NSE/BSE/MCX-SX by way of ECN through E-mail only, at my /our personal E-mail ID as mentioned in my /our Client Registration Form/Modification Form or informed to you through other mode ,if any, permitted by you from time to time, in accordance with the SEBI circular SMDRP/POLICY/CIR-56/00 dated 15th December 2000.
I/ We also authorize you to send account statements / security & other statements / Client Registration documents through Email mode only at the above mentioned my/ our E-mail ID.
I / We also agree that the dispatch of the ECN / account statements / security & other statements / Client Registration documents etc and entry in your “Sent items” folder shall constitute deemed delivery of the same and it shall be my / our responsibility to check my / our E-mail for the same. I / we also agree to bring to your notice of any discrepancy in ECN on T+1 day failing which the contract shall be considered as accepted and acknowledged.
I /We undertake to notify you the non –receipt of ECN within 24 hours of the trade date, failure of which shall be presumed as receipt of the same by me/us.If I/we inform you within 24 hours of the date of trade about non-receipt of ECN contract, you will arrange to issue hard-copy of the contract to me/us. I / We also authorize you to stop issuing physical copy of contract at your discretion.
I / We, also undertake to inform you of any change in my / our E-mail ID by submitting you duly signed Modification Form or inform you the changes through other mode ,if any, permitted by you from time to time in future. Till change of email ID is informed to you, e-contracts etc may be sent at my /our existing email ID .
I / We authorize you to E-mail my / our login id and password to view my/our Back Office Details to my/our E-mail ID. I / we understand that my/our login id and password to view Back Office Details at your site www. plclients.com will be sent to me / us through post at my/our correspondence address as mentioned in the Client Registration Form.
I / We also acknowledge that the Client registration documents will be available on your website plclients.com and ECN will be available on the said site for a period of at least 120 calendar days from the date of trade and I/we further acknowledge that I/we can view /print the ECN etc by logging in with my/our login id and password provided by you.
SMART ACCOUNT APPLICATION FORM(Strategic Monitoring And Review Tool)
Date:
Client Code:
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2. To view my / our Back Office Details through “SMART” facility
1. I understand that this facility will enable me/ us to view and verify my /our trade details, financial details, margin details and security details (provided I /we have my /our DP account with your PL-DP division) with your records from time to time.
2. I / We understand that my/our records will tally with your books of accounts but in case of any discrepancy, I / we will inform you discrepancies immediately.
3. In case, my / our BO account or my / our ledger account with your Broking division is inadvertently credited with excess shares or fund as the case may be, I / we authorize you to reverse the excess credit of shares in my/our BO A/c (provided my /our BO account is with your PL –DP Division) and / or excess credit from my/ our ledger account. If excess funds / Securities are received by me /us. I / We assure you that such excess shares and /or funds will be returned to you immediately.
3. Undertaking to keep login id/password confidential
I/ We, further, undertake to keep my / our login ID /password confidential and I / we will be responsible for unauthorized use of my/ our login ID / password.
Signature of the Client*
*Note: To be Signed by the Client only and not by his or her POA holder.
37
AUTHORITY / CONSENT LETTER
Date:
Client Code:
To,Prabhudas Lilladher Pvt. Ltd.3rd floor, Sadhana House570, P. B. Marg, Worli,Mumbai 400 018.
38
I/We hereby authorise you to maintain Running Account for my/our trades at NSE/BSE/MCX-SX – Cash/ F&O /
Currency Derivatives Segments.
I/ We may revoke the authority at any time by submitting written notice at your above-mentioned address.
I/ We opt to settle my/our trades on
monthly basis
quarterly basis
Dear Sir / Madam,
Authority to record conversations
I/We hereby authorise you to record my/our conversations with you through landline
Maintenance of unning AccountR
Signature of the Client*
Note: Client to tick relevant authorisation opted for and put his initials against the same in the box provided.
*Authority to be given by the Client only and not by his or her POA Holder.
Kindly tick wherever applicable.
Settlement will be done on the basis of calender month / quarter##
#
##
#
##
Authority to debit Demat Account operating charges to Trading Account
I have a trading as well as a Demat account with Prabhudas Lilladher Pvt. Ltd. For the convenience of payment of all
the charges, pertaining to my demat account, I hereby request you to debit my trading account with all the DP
account charges, as and when the bill is raised by Prabhudas Lilladher Pvt. Ltd. (Depository Participant.)
Thanking You.
Yours Truly,
Date:
Client Code:
To,
Prabhudas Lilladher Pvt. Ltd.3rd floor, Sadhana House570, P. B. Marg, Worli,Mumbai 400 018.
Dear Sirs,
Sub: Collection of Margin in the form of securities for Cash and/or Derivative Segment
*Note: To be signed by the Client only and not by his or her POA Holder.
As per SEBI/BSE/NSE/MCX-SX requirements for trading at Cash and/or Derivative Segment, I/we am/are required to maintain with you margin towards my/our Initial Margin and/or Gross Exposure Margin Obligations in Cash and/or Derivative Segment of BSE/NSE/MCX-SX. Accordingly, I/we shall transfer securities from my/our DP a/c to your DP a/c towards margin for dealing in Cash and/or Derivative Segment of BSE/NSE/MCX-SX. I/We may also inform and understand that -
1. Any addition, substitution and/or replacement made by me/us from time to time will be treated by you as margin for dealing in Cash and/or Derivative Segment of BSE/NSE/MCX-SX and this letter will also be applicable to addition, substitution and/or replacement made by me/us.
2. You will arrange to transfer to me/us all benefits accrued on the securities from time to time.
3. You are authorized to dispose the securities and/or benefits thereon, if I/we do not fulfill my/our obligations at Cash and/or Derivative Segment of BSE/NSE/MCX-SX or otherwise.
4. I/We warrant that, save to the extent of the rights hereby conferred on Prabhudas Lilladher Pvt. Ltd. (hereinafter referred to as PL), I/we are the sole, absolute and beneficial owner of the security and the securities are free from any mortgage, pledge, charge (whether fixed or floating), lien or any other form of encumbrance.
5. I/You are also authorized to pledge the said shares with BOI Shareholding Ltd.(BOISL)/ National Securities Clearing Corporation Ltd. (NSCCL) / MCX-SX Clearing Corporation Ltd. (MCX-SX CCL) for the purpose of availing exposure on BSE/NSE/MCX-SX Derivative Segment.
6. I/We shall provide details to PL as per the prescribed format duly signed by me/us at the time of placing the securities towards margin with PL.
7. In the event of my/our non furnishing of details as per the prescribed format the transferred securities may not get accounted by PL on my/our behalf and the securities may lie in suspense account till my/our submission of details as stated in (6) above.
8. In case I/we intend to withdraw any securities placed with PL but not utilized for margin, on any day, a request shall be sent so as to reach PL latest by 2 p.m. on that day. PL shall release such securities within 48 hours of receipt of such withdrawal request.
Thanking you,
Yours Sincerely,
Signature of the Client*
MARGIN DEPOSIT LETTER
39
AUTHORITY LETTER FOR SMS ALERT AND EMAIL FROM EXCHANGE
40
Date: ___ / ___ / 20___ Client Code: ______________________ Client Name: _________________________________ Prabhudas Lilladher Pvt. Ltd. 3r d Floor, Sadhana House, 570, P.B. Marg, Worli, Mumbai - 400 018.
Dear Sirs,
Sub: Facility to get SMS & Email for trade details from the Exchange(s)
I / We refer to various circular(s) issued by regulatory authorities in respect of captioned subject. I / We wish to get SMS on Segment-wise Summarized Trade Value and Email on Member-wise Trade Level Details directly from relevant Exchange(s).
I / We request you to upload below mentioned Mobile Number and Email ID pertaining to me / my family member / us at the Exchange(s) for the above mentioned facility.
Mobile No. / Email ID Name & Trading code of Relationship ($) family member * with Applicant*
Mobile No.# Email ID# I / We undertake that I / We abide by all matters of the circular(s) / notice(s) including following paragraph:
“The data would be provided to me/us by the exchange(s) on an "as is" and "where-is" basis, without any warranty from the exchange(s). Exchange(s)/PL shall not be liable for any delay or any other interruption which may occur in providing the data due to any reason including network (Internet) reasons or snags in the system, break down of the system or any other equipment, server breakdown, maintenance shut down, breakdown of communication services or inability of the exchange(s) to send the data. In no event shall Exchange(s)/PL be liable for any damages, including without limitation direct or indirect, special, incidental, or consequential damages, losses or expenses arising in connection with the data provided by the exchange(s) through this facility.” Thank you,
Yours faithfully
Signature of the Client@
* If said Mobile no. and Email ID is already used by one or more of your family member who are existing clients with PL please mention Name & Trading code of your family members in this column. (Applicable only in case of Individual)
$ Family member includes only Spouse, Dependent Parent & Dependent Children as per the circular(s) issued by regulatory authorities.
# Please ensures that Mobile No. and Email ID must be as stated in your Account Opening Form or in that of your family member as registered with PL.
@ To be signed by the Client only and not by his or her POA holder
(Electronic Access to Securities Information)
(TO BE FILLED ONLY IF BO OPTS FOR INTERNET VIEWING FACILITY)
Name of the Beneficial Owner/s 1.
2.
3.
Beneficial Owner ID (to be filled by DP) 1 2 0 1 1 3 0 0 0 0
User ID (minimum 6 characters) *
First / Sole Holder’s E-mail ID *
First / Sole Holder’s Telephone No. *
First / Sole Holder’s Mobile No. *
DP Name PRABHUDAS LILLADHER PVT. LTD.
DP ID 12011300
DP Address 3rd Floor, Sadhana House, 570, P. B. Marg, Worli, Mumbai 400 018,Maharashtra, India
(* - to be furnished mandatorily by the account holder)
I / We would like to register to easi service of CDSL. I/We are aware that easi services are available to me / us which
only enables me/us to view the security balances lying in the said accounts. As “easi” provides a facility to view,
print / download account statement and transaction details, I / we opt not to receive Transaction cum Holding
Statement henceforth in physical form. I/We are aware that you shall send us physical statement of account at least
once in a quarter. However, if statements are required by me / us in physical form at such intervals as specified by
me, I / we agree to make payment of the necessary fees/charges, if any, as may be specified by you from time to
time.
*Note: To be signed by the Account-holder and not by his or her POA Holder.
REGISTRATION FORM CUM CONSENT LETTER FOR EASI FACILITY
41
*Mandatory fields
First / Sole Holder Second Holder Third Holder
Name
Signatures*
TERMS AND CONDITIONS FOR EASI REGISTRATION
1. In order to get registered to Electronic Access to Securities Information a BO has to provide certain basic information like BO ID, Login ID, Email address, Telephone/Mobile Nos. etc. at Electronic Accessto Securities Information.
2. The Login ID as entered would be used by BO for accessing Electronic Access to Securities Information. The Login ID would be accepted if it is not already registered with Electronic Access to Securities Information.
3. After filling up the necessary details at Electronic Access to Securities Information, BO has to print and sign the Registration Form. The registration form should be compulsorily signed by all the account holders.
4. The Registration Form should be submitted to the Depository Participant (DP).
5. If details and signatures on the Registration Form are found in order, the Login ID of the BO would be activated to access Electronic Access to Securities Information.
6. On activation a password would be generated for the Login ID, the password would be mailed to the Email ID of the BO as mentioned in the BO registration Form. For the purpose of security it is advised that BO should provide a secure Email ID which is accessed by him only. Do not provide Email ID which is accessed by any other person than the BO.
7. On receiving password a BO can use Electronic Access to Securities Information facility by accessing the internet site http://cdslindia.com.8.A BO is required to enter the Login ID and Password.
8. A BO is required to enter the Login ID and Password.
1. Facilities through Easi (Electronic Access to Securities Information) - Easi provides DP/RTA limited facility as compared to CDAS and services, which CDSL may decide to provide from time to time in its absolute discretion. The availability / non-availability of a particular service shall be advised either through email, web site of CDSL or through written communication
2. Application: The application for availing of the Easi service and the registration thereof shall be made in physical form (i.e., by a hard copy). The acceptance or acknowledgment of receipt of the application by CDSL does not automatically imply acceptance of the application for availing of the Easi service. CDSL shall be entitled at its sole discretion to either accept or reject an application. CDSL will from timeto time advise about the Internet Software (such as Browser), required for using Easi. There will be no obligation on CDSL to support all versions of the Internet Software
9. If a BO is logging into Electronic Access to Securities Information for the first time, he/she is required to change the password immediately.
10. If a BO forgets password for Electronic Access to Securities Information, it can request for a change in the password by following the ‘Forgot your Password procedure’. The existing contract would be valid after the Replacement/ change of password.
11. BO is requested to take following measures in order to make Electronic Access to Securities Information more secure and safe.
Change the password immediately after first login.Do not use common/dictionary words for password.Password should be minimum 8 digits containing alphanumeric characters.Keep your password confidential, never reveal/share the same with anyone.Do not write your password.While entering the password for accessing Electronic Access to Securities Information make sure that no one can see the same.Before moving to the other website logout from Electronic Access to Securities Information.After accessing the Electronic Access to Securities Information immediately delete all files in the folder “C:\Windows\Temporary Internet Files”.BOs are advised to access Electronic Access to Securities Information from their own PC, as third party PCs may contain software to reveal password.Change your password on regular intervals.
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Electronic Access to Securities Information provides a BO a facility to enquire about the balances in their Demat Account, details about transactions and other services, which CDSL may decide toprovide from time to time in its absolute discretion. The availability / non-availability of a particular service shall be advised either through email, web page of CDSL or written communication
Definition: In this document, the following words and phrases have the meaning set opposite them unless the context indicates otherwise:
q CDSL: means Central Depository Services (India) Limited, a company incorporated under the Companies Act, 1956 and registered underthe Depositories Act 1996 with Securities and Exchange Board of India.
q Beneficiary Owner (BO) Means a an individual/corporate/huf who has opened a Demat account with Depository Participants of CDSL.
q Electronic Access to Securities Information (Easi) : refers to the trade name of CDSL’s Internet Services which provides A DP/RTA ability to enquire about the balances in Demat Account, details about transactions and other services, which CDSL may decide to provide from time to time in its absolute discretion. â Internet: refers to a Global network of inter connected Computers network, each using transmission control protocol
q Internet: refers to a Global network of inter connected Computers network, each using transmission control protocol standard network interconnection protocols as is used to transmit data that is directly or indirectly delivered to a Computer.
q Subscriber: means a DP/RTA identified and registered as a subscriber to the Electronic Access to Securities Information service.
q Personal Information: refers to the information about the Demat Account that is stored on the records of CDSL and may be retrieved in perceivable form.
Application: The application for use of the service and its registration thereof shall be made in physical form (i.e., by a hard copy). The acceptance or acknowledgment of receipt of the application by CDSL does not automatically imply acceptance of the application for use of the CDSL shall be entitled at its sole discretion to either accept or reject an application. CDSL will from time to time advise about the Internet Software(such as Browser), required for using . There will be no obligation on CDSL to support all versions of the Internet Software.Mailing Address: All correspondence / delivery by CDSL shall only be made at the address and / or e-mail address as registered with CDSL.Liability: CDSL shall not be liable to BO for any transactions occurring through the use of Electronic Access to Securities Information services and the BO hereby fully indemnifies and hold CDSL harmless against any action, suit, proceeding initiated against it or any loss, cost or damage incurred by it as a result thereof. CDSL shall under no circumstance shall be liable to the user if the access is not available in the desired manner for reasons including but not limited to natural calamities, legal restraints, faults in the telecommunication network or network failure or any other reason beyond the control of CDSL. Under no circumstance shall CDSL be liable for damages whatsoever whether such damages are direct, indirect, incidental consequential and irrespective whether any claim is based on loss of revenue, interruption of business, or any loss of any character or nature and whether sustained by the user or any other person. Illegal or improper use of the service shall render the user liable for payment of financial charges as decided by CDSL and will result in suspension of the access to the service.
PART A – REGISTRATION PROCEDURE
PART C – TERMS AND CONDITIONS
PART B – FACILITIES THROUGH
42
Disclosure of Personal Information: The BO agrees that CDSL or its agents may hold and process its Personal Information on computer or otherwise in connection with Electronic Access to Securities Information as well as for statistical analysis. The BO also agrees that CDSL may disclose, in strict confidence, to other institutions, such Personal Information as may be reasonably necessary for reasons inclusive of but not limited to the following:
To the DP where the BO is having its demat accountFor participation in any telecommunication networkIn compliance with a legal directive &For fraud prevention purposes, etc.
Proprietary Rights: The BO acknowledges that the software underlying Electronic Access to Securities Information as well as other Internet related software required for accessing is the legal property of the respective vendors. The permission given by CDSL to access will not convey any proprietary or ownership rights in the above software. The BO shall not attempt to modify, translate, disassemble, decompile or reverse engineer the software underlying or create any derivative product based on that software.Change of Terms and Conditions: CDSL has the absolute discretion to amend or supplement any of the terms and conditions at any time and will endeavor to give prior notice of fifteen days wherever feasible for such changes. CDSL may introduce new services within Electronic Access to Securities Information from time to time. The existence and availability of the new services will be notified to the BO as and when they become available. The changed terms and conditions applicable to the new features in service shall be communicated to the BO. By using these new services, the BO agrees to be bound by the revised terms and conditions applicable. Non-Transferability: The right of use of Electronic Access to Securities Information to a BO is not transferable under any circumstance and shall be used by the BO only. Termination of Electronic Access to Securities Information Service: The BO may request for termination of the Electronic Access to Securities Information service any time by giving a written notice of atleast 15 days to CDSL. CDSL may withdraw the service anytime provided the BO is given reasonable notice under the circumstances. The closure of the BO Pool Accounts of the BO will automatically terminate the service. CDSL may suspend or terminate service without prior notice if the BO has breached any of the terms and conditions or CDSL learns of the death, bankruptcy or lack of legal capacity of the BO.Notices: CDSL and the BO may give notices in the following manner under these Terms and Conditions:
In writing by delivering them by hand or by sending them by post to the last address given by the BO and in the case of CDSL tothe address mentioned below: Central Depository Services (India) Ltd.(CDSL) Phiroze Jeejeebhoy Towers, 28th Floor, Dalal Street, Mumbai - 400 023.
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q In addition, CDSL may also publish notices of general nature,which are applicable to all BOs using Electronic Access to Securities Information on its website. Such notices will have the same effect as a notice served individually to each BO Governing Law: These terms and conditions and / or the use of the services provided through Electronic Access to Securities Information shall be governed by the laws of the Republic of India and no other nation. The BO and CDSL agree to submit to the exclusive jurisdiction of the Courts located in Mumbai, India as regards any claims or matters arising under these terms and conditions. Any dispute or difference arising between the BO and CDSL shall be settled by mutual consultation / discussion, failing which the same shall be referred to arbitration. The Arbitration proceedings shall be governed and conducted in accordance with the Indian Arbitration and Conciliation Act, 1996 and that the Arbitration proceedings shall take place in Mumbai. CDSL accepts no liability whatsoever, direct or indirect, for non-compliance with the laws of any country other than the Republic of India. The mere fact that service can be accessed through Internet by a BO in a country other than India shall not be interpreted to imply that the laws of the said country govern these terms and conditions.General: The clause headings in this agreement are only for convenience and do not effect the meaning of the relative clause. The BO shall not assign this agreement to anybody else. CDSL may subcontract and employ agents to carry out any of its obligations under this agreement.Disclaimer: All information provided in Electronic Access to Securities Information is obtained by CDSL from sources believed by CDSL to be accurate and reliable. Because of the possibility of human and technical error as well as other factors, CDSL is not responsible for any errors or omissions. The development of the products and services of CDSL is a continuous process and published information may not be upto date. The formats, update frequency and retention period of the information will be decided at the sole discretion of CDSL. It is important to check the current position with concerned Depository Participant. All information is provided on ‘as is’ basis without warranty of any kind. CDSL makes no representation and disclaim all express, implied and statutory warranties of any kind to the user and/or any third party including warranties as to accuracy, timeliness, completeness, merchantability or fitness of the information for any particular purpose. All proprietary rights in the information received shall remain the property of CDSL. Reproduction, redistribution and transmission of any information contained on the web site is strictly prohibited. Access to this web siteis in confirmation that you have understood and accepted these terms. This service does not in any manner whatsoever undermine, compromise or substitute
*Note: To be signed by the Account-holder and not by his or her POA Holder.
First / Sole Holder Second Holder Third Holder
Name
Signatures*
DEFINITIONS:In these Terms and Conditions the terms shall have following meaning unless indicated otherwise:1. ”Depository” means Central Depository Services (India) Limited a
company incorporated in India under the Companies Act 1956 and having its registered office at 17th Floor, P.J. Towers, Dalal Street, Fort, Mumbai 400001 and all its branch offices and includes its successors and assigns.
2. ‘DP’ means Depository Participant of CDSL. The term covers all types of DPs who are allowed to open demat accounts for investors.
3. ‘PL-DP’ means depository division of Prabhudas Lilladher Pvt. Ltd. having its office at 3rd floor, Sadhana House, Worli, Mumbai 400018
4. ‘BO’ means an entity that has opened a demat account with the depository. The term covers all types of demat accounts, which can be opened with a depository as specified by the depository from time to time.
5. SMS means “Short Messaging Service”6. “Alerts” means a customized SMS sent to the BO over the said
mobile phone number.7. “Service Provider” means a cellular service provider(s) with whom
the depository has entered / will be entering into an arrangement for providing the SMS alerts to the BO.
8. “Service” means the service of providing SMS alerts to the BO on best effort basis as per these terms and conditions.
AVAILABILITY:1. The service will be provided to the BO at his / her request and at the
discretion of the depository. The service will be available to those account holders who have provided their mobile numbers to the depository through their DP. The services may be discontinued for a specific period /indefinite period, with or w i t h o u t issuing any prior notice for the purpose of security reasons or system maintenance or for such other reasons as maybe warranted. The depository may also discontinue the service at any time without giving prior notice for any reason whatsoever.
2. The service is currently available to the BOs who are residing in India.
3. The alerts will be provided to the BOs only if they remain within the range of the service provider’s service area or within the range forming part of the roaming network of the service provider.
4. In case of joint accounts and non-individual accounts the service will be available, only to one mobile number i.e. to the mobile number as submitted at the time of registration / modification.
5. The BO is responsible for promptly intimating to the depository in the prescribed manner any change in mobile number, or loss of handset, on which the BO wants to receive the alerts from the depository. In case of change in mobile number not intimated to the depository, the SMS alerts will continue to be sent to the last registered mobile phone number. The BO agrees to indemnify the depository for any loss or damage suffered by it on account of SMS alerts sent on such mobile number.
RECEIVING ALERTS:1. The depository shall send the alerts to the mobile phone number
provided by the BO while registering for the service or to any such number replaced and informed by the BO from time to time. Upon such registration / change, the depository shall make every effort to update the change in mobile number within a reasonable period of time. The depository shall not be responsible for any event of delay or loss of message in this regard.
2. The BO acknowledges that the alerts will be received only if the mobile phone is in ‘ON’ and in a mode to receive the SMS. If the mobile phone is in ’Off’’ mode i.e. unable to receive the alerts then the BO may not get / get after delay any alerts sent during such period.
3. The BO also acknowledges that the readability, accuracy and timeliness of providing the service depend on many factors including the infrastructure, connectivity of the service provider. The depository shall not be responsible for any non-delivery, delayed delivery or distortion of the alert in any way whatsoever.
TERMS & CONDITIONS FOR RECEIVING SMS ALERT FROM CDSL
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(MANDATORY IF BO OPTS FOR POA FACILITY)
4. The BO further acknowledges that the service provided to him is an additional facility provided for his convenience and is susceptible to error, omission and / or inaccuracy. In case the BO observes any error in the information provided in the alert, the BO shall inform the depository and/or the DP immediately in writing and the depository will make best possible efforts to rectify the error as early as possible. The BO shall not hold the depository liable for any loss, damages, etc. that may be incurred/suffered by the BO on account of opting to avail SMS alerts facility.
5. The BO authorizes the depository to send any message such as promotional, greeting or any other message that the depository may consider appropriate, to the BO. The BO agrees to an on going confirmation for use of name, email address and mobile number for marketing offers between CDSL and any other entity.
6. The BO agrees to inform the depository and PL-DP in writing of any unauthorized debit to his BO account/ unauthorized transfer of securities from his BO account, immediately, which may come to his knowledge on receiving SMS alerts. The BO may send an email to CDSL at complaints@cdslindia. com or to PL-DP at [email protected]. The BO is advised not to inform the service provider about any such unauthorized debit to/transfer of securities from his BO account by sending a SMS back to the service provider as there is no reverse communication between the service provider and the depository.
7. The information sent as an alert on the mobile phone number shall be deemed to have been received by the BO and the depository shall not be under any obligation to confirm the authenticity of the person(s)receiving the alert.
8. The depository will make best efforts to provide the service. The BO cannot hold the depository liable for nonavailability of the service in any manner whatsoever.
9. If the BO finds that the information such as mobile number etc., has been changed with out proper authorization, the BO should immediately inform the DP in writing.
FEES:Depository reserves the right to charge such fees from time to time as it deems fit for providing this service to the BO.DISCLAIMER:The depository shall make reasonable efforts to ensure that the BO’s personal information is kept confidential. The depository does not warranty the confidentiality or security of the SMS alerts transmitted through a service provider. Further, the depository makes no warranty or representation of any kind in relation to the system and the network or their function or their performance or for any loss or damage whenever and howsoever suffered or incurred by the BO or by any person resulting from or in connection with availing of SMS alerts facility. The Depository gives no warranty with respect to the quality of the service provided by the service provider. The Depository will not be liable for any unauthorized use or access to the information and/ or SMS alert sent on the mobile phone number of the BO or for fraudulent, duplicate or erroneous use/ misuse of such information by any third person.LIABILITY AND INDEMNITY:The Depository shall not be liable for any breach of confidentiality by the service provider or by any third person due to unauthorized access to the information meant for the BO. In consideration of the depository providing the service, the BO agrees to indemnify and keep safe, harmless and indemnified the depository and its officials from any damages, claims, demands, proceedings, loss, cost, charges and expenses whatsoever which a depository may at any time incur, sustain, suffer or be put to as a consequence of or arising out of interference with or misuse, improper or fraudulent use of the service by the BO.AMENDMENTS:The depository may amend the terms and conditions at any time with or without giving any prior notice to the BOs. Any such amendments shall be binding on the BOs who are already registered as user of this service. GOVERNING LAW AND JURISDICTION:Providing the Service as outlined above shall be governed by the laws of India and will be subject to the exclusive jurisdiction of the courts in Mumbai.
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I/We wish to avail the SMS Alerts facility provided by the depository on my/our mobile number provided in the registration form subject to the terms and conditions mentioned below. I/ We consent to CDSL providing to the service provider such information pertaining to account/transactions in my/our account as is necessary for the purposes of generating SMS Alerts by service provider, to be sent to the said mobile number. I/We have read and understood the terms and conditions mentioned above and agree to abide by them and any amendments thereto made by the depository from time to time. I/ we further undertake to pay fee/ charges as may be levied by the depository from time to time. I/We further understand that the SMS alerts would be sent for a maximum four ISINs at a time. If more than four debits take place, the BOs would be required to takeup the matter with their DP. I/We am/ are aware that mere acceptance of the registration form does not imply in any way that the request has been accepted by the depository for providing the service.
*Note: To be signed by the Account-holder and not by his or her POA Holder.
First / Sole Holder Second Holder Third Holder
Name
Signatures*
1. Definitions: In these Terms and Conditions the terms shall have following meaning unless indicated otherwise:
I. “Depository" means Central Depository Services (India) Limited (CDSL)
ii. TRUST means “Transactions Using Secured Texting” service offered by the Depository.
iii. “Service Provider” means a cellular service provider(s) with whom the Depository has entered / shall enter into an arrangement for providing the TRUST service to the BO.
iv. “Service” means the service of providing facility to receive/give instructions through SMS on best effort basis asper
the following terms and conditions. The types of transaction that would normally qualify for this type of service would be informed by CDSL from time to time.
v. “Third Party" means the operators with whom the Service Provider is having / will have an arrangement for providing SMS to the BO.
2. The service will be provided to the BO at his / her request and at the discretion of the depository provided the BO has registered for this facility with their mobile numbers through their DP or by any other mode as informed by CDSL from time to time . . Acceptance of application shall be subject to the verification of the information provided by the BO to the Depository
3. The messages will be sent on best efforts basis by way of an SMS on the mobile no which has been provided by the BOs. However Depository shall not be responsible if messages are not received or sent for any reason whatsoever, including but not limited to the failure of the service provider or network.
4. The BO is responsible for promptly informing its DP in the prescribed manner any change in mobile number, or loss of handset on which the BO wants to send/receive messages generated under TRUST. In case the new number is not registered for TRUST in the depository system, the messages generated under TRUST will continue to be sent to the last registered mobile number. The BO agrees to indemnify the depository for any loss or damage suffered by it on account of messages sent on such mobile number.
5. The BO agrees that SMS received by the Depository from the registered mobile number of the BO on the basis of which instructions are executed in the depository system shall be conclusive evidence of such instructions having been issued by the BO. The DP / CDSL will not be held liable for acting on SMS so received.
6. The BO shall be responsible for submitting response to the 'Responsive SMS' within the specified time period. Transactions for which no positive or negative confirmation is received from the BO, will not be executed except for transaction for deregistration. Further, CDSL shall not be responsible for BOs not submitting the response to the said SMS within the time limit prescribed by CDSL.
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TERMS AND CONDITIONS FOR AVAILING TRANSACTION USING SECURED TEXTING (TRUST) SERVICE OFFERED BY CDSL
7. The BO agrees that the signing of the TRUST registration form by all joint holders shall mean that the instructions executed on the basis of SMS received from the registered mobile for TRUST shall be deemed to have been executed by all joint holders.
8. The BO agrees to ensure that the mobile number for TRUST facility and SMS alert (SMART) facility is the same. The BO agrees that if he is not registered for SMART, the DP shall register him for SMART and TRUST. If the mobile number provided for TRUST is different from the mobile number recorded for SMART, the new mobile number would be updated for SMART as well as TRUST.
9. BOs are advised to check the status of their obligation from time to time and also advise the respective CMs to do so. In case of any issues, the BO/CM should approach their DPs to ensure that the obligation is fulfilled through any other mode of delivery of transactions as may be informed / made available by CDSL from time to time including submission of Delivery Instruction Slips to the DP .
10. The BO acknowledges that CDSL will send the message for confirmation of a transaction to the BO only if the Clearing Member (registered by the BO for TRUST) enters the said transaction in CDSL system for execution through TRUST within prescribed time limit.
11. The BO further acknowledges that the BO/CM shall not have any right to any claim against either the DP or Depository for losses, if any, incurred due to non receipt of response on the responsive SMS or receipt of such response after the prescribed time period. In the event of any dispute relating to the date and time of receipt of such response, CDSL's records shall be conclusive evidence and the Parties agree that CDSL's decision on the same shall be final and binding on both Parties.
12. The BO may request for deregistration from TRUST at any time by giving a notice in writing to its DP or by any other mode as specified by Depository in its operating instructions. The same shall be effected after entry of such request by the DP in CDSL system if the request is received through the DP.
13. Depository reserves the right to charge such fees from time to time as it deems fit for providing this service to the BO.
14. The BO expressly authorises Depository to disclose to the Service Provider or any other third party, such BO information as may be required by them to provide the services to the BO. Depository however, shall not be responsible and be held liable for any divulgence or leakage of confidential BO information by such Service Providers or any other third party.
15. The BO takes the responsibility for the correctness of the information supplied by him to Depository through the use of the said Facility or through any other means such as electronic mail or written communication.
16 The BO is solely responsible for ensuring that the mobile number is not misused and is kept safely and securely. The Depository will process requests originated from the registered Mobile as if submitted by the BO and Depository is not responsible for any claim made by the BO informing that the same was not originated by him.
17. Indemnity: In consideration of providing the service, the BO agrees that the depository shall not be liable to indemnify the BO towards any damages, claims, demands, proceedings, loss, cost, charges and expenses whatsoever as a consequence of or arising out of interference with or misuse, improper or fraudulent use of the service by the BO.
18. Disclaimer: Depository shall be absolved of any liability in case:- a. There is loss of any information during processing or transmission or any unauthorized access by any other person or breach of
confidentiality. b. There is any lapse or failure on the part of the service providers or any third party affecting the said Facility and that Depository makes no
warranty as to the quality of the service provided by any such service provider. c. There is breach of confidentiality or security of the messages whether personal or otherwise transmitted through the Facility.
*Note: To be signed by the Account-holder and not by his or her POA Holder.
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First / Sole Holder Second Holder Third Holder
Name
Signatures*
DECLARATION BY NRI / FOREIGN NATIONAL (Applicable to NRI / Foreign National BO Account only)
To,Prabhudas Lilladher Pvt. Ltd.3rd Floor, Sadhana House570, P B Marg, WorliMumbai
Dear Sir/s,
q Declaration under FEMA (Mandatory for all NRI/FN accounts)
I / We have complied with, and will continue to comply with, FEMA regulations and other applicable laws
----------------------------------------------------------------------------------------------------------------------------------------------
q Undertaking for Overseas P. O. Box Address (Mandatory if NRI/FN has provided P. O. Box address)
I/We am/are presently residing in __________________________________ at the below-mentioned address
Residential Address (other than P. O. Box address)
___________________________________________
___________________________________________
___________________________________________
___________________________________________
Since all correspondences will be received at my P. O. Box address as mentioned on the KRA-KYC Form, I / We undertake to inform you whenever there is a change in the above mentioned Residential address.
First / Sole Holder Second Holder Third Holder
Name
Signatures *
** To be signed by the Account Holder(s) and not by POA Holder
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CONSENT LETTER TO RECEIVE E-STATEMENT OF BO ACCOUNT
ToPrabhudas Lilladher Pvt. Ltd.Depository Services3rd floor, Sadhana House570, P. B. MargWorli, Mumbai 400 018.
Dear Sir,
Sub: Consent to receive BO related transaction/holding statements & other documents at my E-Mail ID recorded with you in my BO Account no. 1 2 0 1 1 3 0 0 0 0 __ __ __ __ __ __
I/We _________________________________________________________________________ had entered into agreement dated ____/_____/________ with you at the time of opening of the aforesaid BO account.
Pursuant to the amendment in Clause 3 of the agreement (Annexure C to the Bye Laws of CDSL), I/We confirm having opted to receive the statement of accounts pertaining to the above mentioned BO account in electronic mode in lieu of physical copy of the statement of account.
I/We confirm that the dispatch of statement of account to me/us at the following email address shall constitute full and absolute discharge of your obligation under the above agreement to provide me/us with statement of my/our BO account.
Email address: __________________________________________________________________________
But, I/we reserve my/our right to receive the physical copy of statement of accounts despite receiving the same in electronic mode, if such a demand is made in writing on you.
I/We confirm that any change in the aforesaid email address or any other instructions with regard to dispatch/ service of my/our statement of account on me/us shall not be binding upon you unless you are intimated in writing by me/us by acknowledged delivery.
Yours faithfully,
First Holder Second Holder Third Holder
Names
Signature
** To be signed by the Account Holder(s) and not by POA Holder
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FORM A - DECLARATION BY FIRST/SOLE HOLDER(To be given only if BO wishes to avail benefits under Rajiv Gandhi Equity Savings Scheme (RGESS),
2012 for this BO account)
Name of First-holder
BO ID 1 2 0 1 1 3 0 0 0 0
PAN Number
Address
To,Prabhudas Lilladher Pvt. Ltd.Depository ParticipantMumbai 400018
Dear Sir / Madam,
1. I hereby certify that -(Tick whichever is applicable)I do not have any demat account and I have not traded in Derivatives segment of any Exchange
I have a joint demat account no __________________________________________ with CDSL /NSDL DP, ____________________________________________________ but I am not the first holder in this account.
2. I hereby declare that I have read & understood all the terms & conditions of Rajiv Gandhi Equity Savings Scheme, 2012
3. It is hereby verified that I am an eligible new retail investor for availing the benefits under Rajiv G a n d h i Equity Savings Scheme, 2012
4. I undertake to abide by all the requirements & fulfill all obligations under the scheme and will comply with all the terms & conditions of the scheme
5. I understand that if I fail to comply with any of the terms & conditions specified in the scheme, the benefits availed there under will be withdrawn and the tax shall be payable by me accordingly
Thanking you,
Yours faithfully,
(Signature of first-holder)
For DP office use:
Details Verified by
Marked as RGESS account on
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DECLARATION To be given only if BO wishes to avail Basic Services Demat Account (BSDA) Facility for this BO account
Date: ___ / ___ / 20__
To,Prabhudas Lilladher Pvt. Ltd.Depository ServicesMumbai
Dear Sir / Madam,
I / We wish to avail BSDA facility for the new account for which I / we have submitted this Account Opening Form
Name PAN No
Sole / 1st Holder
2nd Holder
3rd Holder
I, the first / sole holder of this BSDA account hereby declare that I do not have / propose to have any other demat account across all depositories as first / sole holder.
I/We have read and understood the SEBI guidelines for opening BSDA* and undertake to comply with the aforesaid guidelines from time to time
I/We also undertake to comply with the guidelines issued by any such authority for BSDA facility from time to time
I/We also agree that in case our demat account opened under BSDA facility does not meet the eligibility for BSDA facility as per guideline issued by SEBI or any other authority at any point of time, my / our BSDA account will be converted to regular demat account without further reference to me/us and will be levied charges as applicable to regular a/cs as informed by the DP
1st / Sole Holder 2nd Holder 3rd Holder
Names
Signatures
*SEBI Guidelines for availing BSDA Facility to a BO account1. Sole / 1st holder shall hold only one demat account in his name across both depositories, CDSL & NSDL2. Value of securities shall not exceed Rs. 2,00,000/- at any point of time3. Accountholder shall mandatorily opt for SMS Alerts & Easi facility of CDSL4. AMC under BSDA - Holdings Value (a) upto Rs. 50000/- AMC= NIL (b) between Rs. 50001/- & Rs. 200000/- AMC =
Rs.100.00 (c) exceeds Rs. 200000/- AMC as per regular scheme (refer BSDA Tariff Sheet)6. Statement Frequency - 1 transaction statement at end of each quarter in case of transaction or 1 Holding
statement at end of financial year in case of only holding
For DP Office Use only
Request Recd Date BSDA AMC applicable wef
BSDA Eligibility Verified by
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INFORMATION ON RAJIV GANDHI EQUITY SAVINGS SCHEME (RGESS), 2012 RGESS Scheme - The scheme was proposed in the Union Budget of 2012-13 to encourage the savings of the small investors in the domestic capital market.
Salient Features of the Schemel One time opportunity for the first time investors who have not invested in capital market, to avail a
taxbenefit on upto Rs. 25,000/- under sub section 1 of 80 CCG under Income Tax Act, 1961 l Easy and convenient opportunity for small retail investors with an Annual Gross Income < Rs. 10 lakhs l Tax Benefit: Maximum investment limit under this scheme to avail tax benefit is Rs. 50,000/-, subject to a
deduction of 50% on the amount invested l Additional tax benefits over and above the present tax savings schemes under the Income Tax Act l Flexibility to invest in the RGESS eligible securities in installments in one financial year l Option of investing in a wide range of securities in (a) Domestic securities market i.e. stocks listed under BSE
100 or CNX 100 & their Follow on Public Offers (b) Equity shares of public sector enterprises which are categorized as Maharatnas, Navratnas and Mini-ratnas by the Central Government (c) IPO of PSUs with annual turnover greater than Rs.4000 crores consistently for past 3 years (d) Mutual Funds (MF) and Exchange Traded Funds (ETF) that have RGESS eligible securities as their underlying and are listed and traded in the stock exchanges and settled through a depository mechanism.
l Total Lock-in period for investments under the Scheme would be three years including an initial blanket lock-in period of one year, commencing from the date of last purchase of securities under RGESS.
l As per SEBI guidelines deduction claimed shall be withdrawn if the lock-in period requirements of the investment are not complied with or any other condition of the Scheme is violated.
Eligibility Criteria
l The annual gross income of the individual is less than or equal to Rs. 10 Lakhs for the financial year in which the investment is made under the scheme
l Any Resident individual, who has not opened a Demat account till date across all Depositories (CDSL & NSDL) and has not made any transactions in the derivative segment as on the date of notification of the scheme, will fall under the definition of 'new retail investor'.
l Any Individual who is not the first account holder of an existing joint Demat account shall be deemed to have not opened a Demat account for this Scheme
You can avail for RGESS facility by following the process below
l You can opt for this scheme by submitting Form A given on Page No. 47 of this Forml CDSL will validate your eligibility on the basis of PAN card of First holder updated in the Demat Account. l If you are eligible for RGESS scheme as per SEBI guidelines, Welcome kit sent to you will contain your RGESS
status on the Client Master List. l You can then invest in RGESS eligible securities with a maximum limit of Rs. 50,000/- to claim the tax benefit,
which will be automatically locked-in the Demat Account. (Securities / Mutual Fund units purchased prior to marking of account as RGESS shall not be considered for lock-in under the scheme)
l Any investment in the RGESS eligible securities over and above the cap of Rs. 50,000/- will not be locked and cannot be claimed for any kind of tax benefit
l If you do not wish a certain set of eligible securities to be locked for RGESS, you may submit a Form B within 30 days of such investment which is available on our website
l You can sell part of the securities during flexible lock-in period (after the first year), however the value of securities sold should be replenished with equivalent value of other securities as defined under the RGESS. This also holds true for any voluntary corporate actions by the investor such as Buy-Back, Rights issue etc.
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INFORMATION ON PREVENTION OF MONEY LAUNDERING (PMLA)
Background:
In order to combat Money Laundering and Terrorist Financing in the securities and financial market, the Government of India has enacted the Prevention of Money Laundering (PMLA) Act, 2002 and the same was notified on July 1, 2005. In accordance with the said Act, each and every intermediary registered with the Securities and Exchange Board of India (SEBI) is required to comply with PMLA requirements.
Money Laundering:
Money laundering involves disguising financial assets so that they can be used without detection of the illegal activity that produced them. Through money laundering, the launderer transforms the monetary proceeds derived from criminal activity into funds with an apparently legal source. The laundered proceeds enter into the financial system through normal sources and intermediaries registered with SEBI may unwittingly get exposed to a potential criminal activity while undertaking its day-to-day business transactions.
Brief details of the PMLA policy:
Prabhudas Lilladher Pvt. Ltd. (PL) being an intermediary registered with SEBI as a stock broker, depository participant and portfolio manager has formulated a comprehensive PMLA policy to comply with anti-money laundering directives issued by SEBI. Adherence with this policy will prevent PL from being used as a medium, intentionally or unintentionally, for effecting money laundering activities. Brief details of the said policy are mentioned below:
v Client Acceptance Procedure: Every account of a client shall be opened only after proper due diligence of the client is effected by verifying the Know Your Client (KYC) documents as prescribed by SEBI/ BSE/ NSE / MCX-SX / CDSL and after carrying out in-person verification. In this regard, the Client is required to submit the KYC application form alongwith self attested copies of following documents:
l PAN card
l Proof of identity (POI) and Proof of address (POA)
l Financial details (viz. annual income and networth)
l Details of political exposure
At the time of account opening, Clients are required to furnish original documents for the purpose of verification. It is pertinent to note that the Clients are expected to update its financial details frequently and at least on annual basis. In case of non-individual clients (viz. Corporate, Partnership Firm, Trust, Hindu Undivided Family, Society, etc., in addition to the aforesaid, copy of PAN card, POI and POA of Promoters, Directors, Partners, Trustees, Karta, Members, etc. to be submitted
Client Due Diligence (CDD): PL shall obtain sufficient information from the clients in order to identify person who beneficially owns and controls accounts. Precaution shall also be taken that no account is opened in a fictitious / benami name or on an anonymous basis. No account shall be opened where PL is unable to apply appropriate CDD measures/KYC norms.
v
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v Categorisation of clients: PL shall accept clients based on risk the clients are likely to pose. For this purpose, PL shall categorise the clients under low risk, medium risk and high risk category based on appropriate CDD process.
v Record keeping and retention of records: All the documents submitted by the clients at the time of account opening and subsequent thereof will be preserved for a period of 10 years after closure of the account
v Monitoring and reporting of suspicious transactions: PL shall monitor all the transactions executed by its
clients. If PL finds any irregularity in the transactions, it shall seek explanation from the client in this regard. The transaction and explanation given by the Client will be analysed by the Principal Officer. If the Principal Officer decides that the transactions should be reported to Financial Intelligence Unit – India (FIU-IND) then the same will be reported to FIU-IND. If the Principal Officer decides not to report the transactions, the reasons for non-reporting will be recorded in writing and the same will be documented. Reporting of such transactions to FIU-IND is kept as confidential and the Client is not made aware about the same.
v
v Details of Principal Officer: Mr. A. Subrahmanian, President- Operations & Compliance Officer
(Please Refer- http://fiuindia.gov.in/pmla2002.htmPlease refer to SEBI Master Circular on Anti Money laundering Standards (AML)/Combating Financing of Terrorism (CFT) obligations of securities market intermediaries under the Prevention of Anti-Money
stLaundering Act, 2002 and rules framed thereunder dated 31 December 2010. http://www.sebi.gov.in/cms/sebi_data/attachdocs/1295933371907.pdf)
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Depository Participant of NSDL - SEBI No. IN-DP-NSDL-329-2010
MCX-SX - Member of Capital Market & Clearing cum Trading Member of F & O and Currency Derivative Segment - SEBI Regn. No. INB/F/E260597738
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