Direct Client & Broker Agreement

1
GENERAL INSTRUCTIONS TO THE CLIENTS

1. Please fill in this registration kit all details in CAPITAL LETTERS.
2. Please keep a photocopy of the document for your records before submitting it to KRChoksey
3. Please write your names as it appears in PAN and the same should match in all your documents.
4. Address on the form to be the same as per address proof submitted. PINCODE should be available on
the form and the supporting document.
5. PAN and applicable Identity and applicable Address proofs should be in the name of the Single/
All Holder's only.
6. Proprietary firm and HUF should affix the rubber stamp on all the documents, agree-
ments and KYC.
7. Corrections if any, in this document should be authenticated by all the signatories.
8. Please strike out all the blank columns.
9. This form should be signed only by the person in whose name the account is opened and not by the
Power of Attorney Holder.
10. Any changes in the information provided in this document should be brought to the notice of KRC
immediately with necessary documents and supporting letter.
11. Please make the payments from the same bank as mentioned in the KYC by way of account payee
cheques in favour of "Kisan Ratilal Choksey Shares and Securities Pvt. Ltd." only.
12. KRChoksey DOES NOT ACCEPT CASH PAYMENTS
13. No trading account will be opened in the name of a minor. Demat account can be opened in the name of
the Minor, however, the same can be operated only through the guardian and the said demat account
should be solely for investment purposes.
14. All demat deliveries will be received/transferred from/to the demat account in the name of the trading
account holder ONLY and the same demat account details should be provided to KRC at the time of
opening the account.
15. All communications by KRC shall be sent to the 1st applicant's address/email Id registered at the time of
opening the account.
16. Please ensure that after receiving the welcome kit from KRC for the trading and demat account, open
and check whether the information (like name, address, contact number etc) has been correctly
mentioned, In case of any discrepancy, please contact the corporate office of KRC within 7 days of
having received the welcome kit.
17. PLEASE DO NOT GIVE SIGNED BLANK DIS TO ANYBODY.
18. Please give clear instructions to the dealer while placing your orders and also quote your Client code
correctly.
19. Nomination is compulsory for Demat account opened in the name of sole holder
20. Please read the documents carefully and understand them before signing the same. In case you need
any clarification on the contents of the document, please contact our concerned branch.
21. Only one POA for the default demat account will be accepted. For the additional demat account no POA
will be accepted.
22. Details of joint holders would be accepted in the format enclosed for availing the Depository Participant,
Mutual Fund and IPO facilities from KRC
23. In Case of Change of Default DP account the original POA will be cancelled and a new POA will have to
be submitted for the new default DP account
24. PLACES MARKED AS SIGN IS COMPULSORY AND PLACES MARKED AS (X) SIGN ONLY IF APPLICABLE
2
INDEX
a) Mandatory Documents:
1. Know Your Client (KYC) Form
2. BSE Member Client Agreement (BSE-MCA)
3. NSE Member Client Agreement (NSE-MCA)
4. Combined Risk Disclosure Document (RDD)
5. Policies and procedures
6. Brokerage Slab
7. Declaration by sole proprietor
8. Declaration by HUF
b) Non-mandatory Documents:
1. Running Account Letter
2. ECN Letter
3. Declaration in case of default
As required by SEBI, this Document captures the
relevant mandatory information about the client.
This document contains the agreement between the
client and the Member of stock exchange (BSE) and
contains the associated terms & conditions to avoid
any future litigation between client & broker.
This document contains the agreement between the
client and the Member of stock exchange (NSE) and
contains the associated terms & conditions to avoid
any future litigation between client & broker.
This document lists the various risks associated with
trading by client on stock exchanges in equity &
derivative instruments including currency derivatives
and also list out the investors' rights & obligations.
Clients are requested to read & understand this
document.
Mandatory Policies and Procedures governing dealings
between a client and the stock broker.
Contents of the brokerage slab offered to the client
This declaration is for the trading account to be opened
in the name of proprietory concern / HUF.
This letter is authorisation to maintain fund & securities
on running account basis.
Authorisation to receive contract notes & electronic
form
}
3
MANDATORY DOCUMENTS FOR ACCOUNT OPENING BY INDIVIDUALS
1. COPY OF THE SELF CERTIFIED PAN CARD (FRONT AND BACK SIDE) WITH THE PHOTOGRAPH
CLEARLY VISIBLE OF ALL /SINGLE HOLDERS / PROPRIETOR /KARTA OF HUF
2. PASSPORT SIZE PHOTOGRAPH OF ALL /SINGLE HOLDER/ PROPRIETOR /KARTA OF HUF
3. THE FOLLOWING DOCUMENTS ARE REQUIRED FOR THE HOLDER
a. Identity Proof (Any one of the following) - IN THE NAME OF THE ALL /SINGLE HOLDER / PRO-
PRIETOR /KARTA OF HUF
i. Self Certified copy of Passport or
ii. Self Certified copy of Driving License or
iii. Self Certified copy of Voters identity Card
b. Address Proof (Any one) If Permanent & Correspondence Address are different seprate proof re-
quired - IN THE NAME OF THE ALL /SINGLE HOLDER / PROPRIETOR /KARTA OF HUF
i. Self Certified copy of Passport or
ii. Self Certified copy of Driving License or
iii. Self Certified copy of Ration Card or
iv. Self Certified copy of Bank Passbook/tax statement with the latest entry not later than 2 months.
v. Self Certified copy of Voters identity Card or
vi. Self Certified copy of Telephone Bill or (only land line) (not more than two months old)
vii. Self Certified copy of Electricity Bills or (not more than two months old)
viii Self Certified copy of Rent Agreement
c. Bank Proof - (Any one ) IN THE NAME OF THE ALL /SINGLE HOLDER
i. Self Certified copy of the updated latest bank statement with stamp of the Bank with the status of the
account.
ii. Bank verification letter in the prescribed format on the letterhead of the bank
iii. Self Certified copy of the cheque leaf with name preprinted. (If MICR code is provided cheque
leaf has to be submitted with this form)
d. Demat Proof - (Any one) IN THE NAME OF THE HOLDER
i. Self certified client master if the account has been opened within one year of putting an appli-
cation for opening trading account (this is mandatory for NRE/NRO clients)
ii. Self certified Demat account statement with the logo or stamp of DP
e. Additional documents - IN THE NAME OF THE HOLDER
i. Enclosure Annexure-1 has to be submitted in case the applicant is a Proprietary entity or HUF
ii. Enclosure Annexure-2 has to be submitted in case the applicant is Proprietary entity
iii. Enclosure Annexure-3 has to be submitted in case the applicant us HUF
f. Additional documents for Trading in Derivatives Segment (any one)
i. Copy of ITR acknowledgement ii.Copy of annual Accounts
iii. Net-worth Certificate iv. Bank account statement for last six months
v. Copy of DEMAT holding statement vi. Latest Salary Slip and Form 16
ADDITIONALLY, THE FOLLOWING DOCUMENTS ARE MANDATORY AND HAVE TO BE SUBMITTED (UNDER THE
ANTI MONEY LAUNDERING ACT 2002 AND SEBI ANTI MONEY LAUNDERING GUIDELINES 2005)
Annual Financial Statements and Income Tax returns
THE FOLLOWING ADDITIONAL DOCUMENTS ARE REQUIRED FOR NON RESIDENT INDIVIDUAL
All the documents as stated in point number 1, 2, 3, 3ai, 3bi and 3bii, 3c, 3d, 3e and additionally
Full PIS permission issued by an authorised bank (Mandatory submission for NRI account only)
Self Certified Copy Foreign address proof
In case of Persons of Indian Origin (PIO) or Indian who have obtained foreign citizenship, a copy of the
PIO card is also to be submitted apart from the above documents.
Please note that Foreign clients (other than NRE or PIO) can deal only through SEBI registered FII/Sub Account. \
NOTE: ONLY DEMAT ACCOUNT would be opened in the name of the Minor, and the same can be operated
only through the guardian and the said demat account should be solely for investment purposes, therefore all
the documents as stated in point number 1, 2, 3, 3a, 3b, 3c would be required for both minor and
guardian. Additionally copy of birth certificate of the Minor must be enclosed.
A broking (Trading & Investment) Account can not be opened in name of minor.
4
TO BE FILLED UP BY NP
All Statutory Charges to be levied on the turnover are as follows :
Transaction charges
Stamp Duty
Service Tax on brokerage
Security Transction Tax
SEBI Turnover Tax
Other Charges
*Delay Payment Charges
*The client agrees that in case it does not make the payments on T+2 basis or if there is an outstanding
debit balance in its account, financial charge @ 18% per annum compounded on daily basis, shall be
debited in the client's ledger
NAME, SEAL AND SIGNATURE:
Date : Place:
Sub Broker: Trader:
Cash (Trading) Cash (Delivery) Derivative
1st Leg
Brokerage
Table No.
2nd Leg 1st Leg Table No. 2nd Leg Normal
Brokerage
Table No.
Minimum
Mapped in Terminal No.: Slab Approved By:
TO BE FILLED UP BY HO
Form Received in HO __________________________ Form Accepted/Rejected __________________
Form checked by __________________________
Client Activated in E. N. on _____________________ Rejection Rectified on ____________________
BROKERAGE SLAB
Broking Account opened by ____________________ Demat Account opened by _________________
(If applicable) (If applicable)
Date: Date:
5
Regd. office: 1102, Stock Exchange Tower, Dalal Street, Mumbai 400 001. INDIA.
Phone : 91-22-6653 5000 Fax : 91-22-6633 8060 E-mail : krc@vsnl.com www.krchoksey.com
Capital Market SEBI Regn. No.: BSE:INB 010975834, NSE: INB 230975832 - MAPIN ID: 100021790
Derivatives SEBI Regn. No.: BSE:INF 010975834, SEBI Regn. No.: NSE : INF 230975832 ( Trading & Self Clearing Member)
Dp - SEBI Registration No.: IN-DP-CDSL-07-99 0- DP ID: 10700.
To
Kisan Ratilal Choksey Shares and Securities Pvt. Ltd.
Mumbai
CLIENT INFORMATION
KNOW-YOUR-CLIENT FORM
Individual
Individual Resident Individual-Director
Individual Director's Relative Individual HUF / AOP
Individual Promoter Others (specify)
Individual Margin Trading A/C
NRI
NRI Repatriable NRI Non-Repatriable
NRI Repatriable Promoter NRI Non-Repatriable Promoter
NRI - Depository Receipts Others (specify)
Foreign National Foreign National Foreign National - Depository Receipts Others (specify)
Address : .......................................................................................................................................................................................
..........................................................................................................................................................................................................
City......................................................... State:..................................................... Country...........................................................
Pin Code:.................................................................................. Nationality:..................................................................................
Tel. No. (with Std/Isd Code):.............................................................. Fax No. (with Std/Isd Code):..............................................
Mobile No.: ....................................................................................................................................................................................
Name of Applicant .......................................................................................................................
Proprietorship Firm Name: ..........................................................................................................
Name of Parent/ Guardian in Case Of Minor (Mr. /Ms.): .................
Fathers/Husbands Name:..........................................................................................................
Date of Birth .................................................................... Sex: Male Female
Educational Qualification:............................. Martial Status: Married Unmarried
Details of PAN Account Number:.................................................................................................................................................
E-mail : ...........................................................................................................................
PERMANENT ADDRESS
If different from correspondence address
(In case of NRE/NRO, pl. give the foreign address)
Address : .......................................................................................................................................................................................
..........................................................................................................................................................................................................
City......................................................... State:..................................................... Country...........................................................
Pin Code:.................................................................................. Nationality:..................................................................................
Mobile No.: ....................................................................................................................................................................................
BANK DETAILS
Account Type: Savings Current Other NRO NRE
Account No...........................................
Bank Name...........................................

PHOTOGRAPH
Please Sign Across the
Photograph
CORRESPONDENCE ADDRESS
(In case of NRE/NRO, pl. give the Indian address)
Mandatory
I request you to register me as your client and enable me to trade pursuant to the Agreement entered into with you. I have read the Rules, Bye-laws and
Regulations of the Exchanges pertaining to the trading and agree to abide by them. In this regard, I give the following information:
6
Branch Address: .................................................................
MICR No. .IFSC Code:..................................................
In case of NRE clients, please provide the PIS Permission No.................. Date.................issued by Branch.....................
(In case of additional bank accounts to be mapped, please give the details in a separate sheet in the same format alongwith the
applicable supporting proofs)
EMPLOYMENT DETAILS
Occupation : SERVICE SELF EMPLOYED BUSINESS PROFESSIONAL
STUDENT HOUSEWIFE RETIRED OTHERS
If employed, Name of the Employer/Firm/Company: ................................................................................................................
Designation : ............................................ No. of Years in Present Service: ...................
Office Address ..................................
City... ..... State ....................................
Country... Pincode.......................................
Tel. No. (Std/Isd):.................................... Fax No. (Std/Isd):....................................... Mobile No.:...............................................
If self employed/Business/Professional, Name of the Establishment .............................................
Office Address ..................................
City... .... State ....................................
Country.. Pincode.....................................
Number of years in such activity................................
FINANCIAL STATUS DETAILS
1
st
Year: Upto Rs. 1 Lakhs Rs.1 Lakhs to Rs. 2 Lakhs Rs. 2 Lakhs to Rs. 5 Lakhs Rs. 5 Lakhs to Rs. 10 lakhs
Rs. 10 Lakhs to Rs. 50 Lakhs Rs. 50 Lakhs and Above
2
nd
Year: Upto Rs. 1 Lakhs Rs.1 Lakhs to Rs. 2 Lakhs Rs. 2 Lakhs to Rs. 5 Lakhs Rs. 5 Lakhs to Rs. 10 lakhs
3
rd
Year : Upto Rs. 1 Lakhs Rs.1 Lakhs to Rs. 2 Lakhs Rs. 2 Lakhs to Rs. 5 Lakhs Rs. 5 Lakhs to Rs. 10 lakhs
Networth: Rs. 2 Lakhs to Rs. 5 Lakhs Rs. 5 Lakhs to Rs. 10 lakhs Rs. 10 Lakhs to Rs. 50 Lakhs Rs. 50 Lakhs and Above
INVESTMENT/TRADING EXPERIENCE DETAILS
Years in Stocks ..................... Years in Derivatives ....Years in Other Investment related fields ........
Market Value of Current Portfolio: ...............
The information is sought under the Prevention of Anti Money Laundering Act 2002, the rules notified thereunder and SEBI
and Exchange guidelines issued on Anti Money Laundering
Annual Income (Last 3 years from the date of opening this account)
JOINT HOLDER'S DETAILS
Joint Second Holder Name: .............................................................................................................................................................
Name of Father / Husband: .................................................................................................................................................................
Local / Permanent Address................................................................................................................................................................
........................................................
CITY................................................ STATE...............................................COUNTRY............................................PIN CODE.............
Tel. No. (Std/Isd): .......................................... Fax No. (Std/Isd):............................................... Mobile No.: ........................................
PAN NO.: ...................................................................................... Date of Birth: ..............................................................................
E-mail Id _________________________________________ Gender: Male Female Nationality _____________
Occupation: Service Self employed Professional Business Student Retired
Housewife Others (Specify) --------------------------
Finacial Details - Income Range per annum: Upto Rs. 1 Lakh Rs. 1 Lakh to Rs. 2 Lakhs Rs. 2 Lakhs to Rs. 5 Lakhs More then Rs. 5 Lakhs
Nature of Business (Products/Services provided): ..................................................................................................................
Mandatory
Mandatory
7
Joint Third Holder Name: ...............................................................................................................................................................
Name of Father / Husband: ...............................................................................................................................................................
Local / Permanent Address...............................................................................................................................................................
..............................................................................................................................................................................................................................
CITY......................................... STATE......................................COUNTRY....................................PIN CODE..............................
Tel. No. (Std/Isd): .......................................... Fax No. (Std/Isd):............................................... Mobile No.: ........................................
PAN NO.: .................................................................................. Date of Birth: .............................................................
E-mail Id _________________________________________Gender: Male Female Nationality _____________
Occupation: Service Self employed Professional Business Student Retired
Housewife Others (Specify) --------------------------
Financial Details - Income Range per annum: Upto Rs. 1 Lakh Rs. 1 Lakh to Rs. 2 Lakhs Rs. 2 Lakhs to Rs. 5 Lakhs More then Rs. 5 Lakhs
Nature of Business (Products/Services provided): ...........................................................................................................
Guardian's Details:
Guardian's Name: ...........................................................................................................................................................................
Relationship with the Holder: ...........................................................................................................................................................
Local / Permanent Address..............................................................................................................................................................
..............................................................................................................................................................................................................................
CITY......................................... STATE.......................................COUNTRY........................................PIN CODE.........................
Tel. No. (Std/Isd): .......................................... Fax No. (Std/Isd):............................................... Mobile No.: .....................................
PAN NO.: .................................................................................. Date of Birth: ..........................................................................
E-mail Id ____________________________________Gender: Male Female Nationality __________________
Occupation: Service { Central Govt. State Govt. Public / Private Sector NGO Statutory Body}
Professional Business Student Retired Housewife Others (Specify) -------------------
1. I/ We authorize you to receive securities in my/ our account without any instruction from me/ us Yes No
2. Account Statement Requirement: End of Month
3. Do You Wish to receive dividend / Interest directly to your bank account through ECS? Yes No
DEPOSITORY PARTICIPANT (DP) DETAILS
SMS ALERT FACILITY
EASI
Yes MOBILE NO. +91 __ __ __ __ __ __ __ __ __
Refer to Terms & Conditions given on page 46 & 47
No
No
Yes. If yes, please contact your DP for details
[Facility through CDSL's website: www.cdslindia.com wherein a BO can view his
ISIN balances, transactions and value of the portfolio online.]
DECLARATION
I/We have read the agreement, terms & conditions and agree to abide by and be bound by the same and by the Bye Laws as are in force from time to time for such accounts. I/We declare that the
particulars given by me/us above are true and to the best of my/our knowledge as on the date of making this application and I/We undertake to inform you of any changes there in immediately in
writing. I/We further agree that any false / misleading information will render me/us liable for termination and further action in the derivative and cash as also in the depository segment.
PHOTOGRAPH
Photograph
PHOTOGRAPH
Photograph
PHOTOGRAPH
Photograph
(Seal & Signature of First Holder) (Seal & Signature of Second Holder) (Seal & Signature of Third Holder)
8
OTHER DETAILS
Whether Registered With any other Broker Member? (if registered with multiple members provide all the details of all) YES / NO
If Yes, Name of Broker: .......................... Client Code: ...................... Branch: ...................................
No. of years the above account is held yrs
Details of any action taken by SEBI/ Stock Exchange/ any other authority for violation of securities laws /other
economic offences during last 3 years [ yes /no ] if yes please specify the details (use separate sheets, if required)
.............................................................................................................................................
DECLARATION
I/We declare that the particulars given by me/us above are true and to the best of my/our knowledge and I/We undertake to inform
you of any changes there in immediately in writing. I/We further agree that any of the above information is found to be false or
untrue or misleading or misrepresenting, I/We am/ are aware that I/We may be held liable for it.
Name, Seal & Signature of the Client: .................................................................. Place: ............................. Date: .............................
IN-PERSON VERIFICATION
This is to certify that I have carried out in-person verification in respect of the client(s) mentioned in the KYC forms submitted for
opening of demat trading account
Name of the Staff: ................................................................................................. Staff Code: .......................................................
Branch / Authorised Service Center: .................................................................................................................................................
Signature of the staff: .......................................................................................................................................................................
Date: ....................................................Place: ...................................................
Signature of the applicant (Signed in the presence of KR Choksey staff member):
1) ..................................................... 2) ...................................................................... 3) ....................................................................
DEMAT ACCOUNT DETAILS
Client ID: ........................... Depository: NSDL CDSL
DP Name : ......................................................................................................................................................................................
DP ID : .............................................................................................................................................................................................
Address of DP: ...............................................................................................................................................................................
(In case of additional demat accounts to be mapped, please give the details in a separate sheet in the same format alongwith the applicable supporting
proofs)
TRADING PREFERENCE
Stock exchanges & segment on which you wish to trade:
NSE Cash segment NSE Derivatives segment BSE cash segment BSE Derivatives Segment
INTRODUCER'S DETAILS
Name of the Introducer: .............................................................................................................................................................
PAN Card No. / Driving Licence No.of the introducer .................................................
Broking Account Details of the Introducer, if any ..........................................................................................................................
Demat Account Details of the Introducer, if any ............................................................................................................................
Address of the introducer: .............................................................................................................................................................
Relationship of the Client with the Introducer: ...............................................................................................................................
Relationship of the Introducer with KRChoksey: ...........................................................................................................................
Signature of the Introducer :.........................................................................................................................................................
Signature of the Client:
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ADDITIONAL BANK ACCOUNT DETAILS
Additional Bank details can be submitted below
Account Type
(Savings / Current / Other )
Account No
MICR No
Bank Name
Branch Address
IFSC Code
Please enclose the applicable (as stated in the mandatory list ) supporting documents for the above
mentioned bank accounts
Depository:
( NSDL / CDSL)
DP ID
Client ID
DP Name
Address of DP
Please enclose the applicable (as stated in the mandatory list ) supporting documents for the above men-
tioned demat accounts
ADDITIONAL DEMAT ACCOUNT DETAILS
Additional Demat details can be submitted below
Name, Seal & Signature of the Client
Account 1 Account 2 Account 3
Account 1 Account 2 Account 3
10
Address
City State
Country PIN
Age
(To be filled by DP)
Nomination Form accepted and registered vide Registration No. ______________________________ dated ______________.
Acknowledgement Receipt
( Please Tear here )
Received nomination form from :
DP ID Client ID
Name
Address
Nomination in favour of
No Nomination Does not wish to nominate
Registration No. Registered on
(Please preserve this Acknowledgement Receipt)
Name of the Sole / First Holder
Name of Second Holder
Name of Third Holder
DP ID Client ID
As the nominee is a minor as on date, I/We appoint following person to act as guardian: (only father/mother or appointed by court)
to receive the securities in this account on behalf of the nominee in the event of the death of the Sole holder / all Joint holders.
This nomination is in accordance with the section 109 A of the companies act, 1956, and shall supersede any prior nomination
made by me/us and also any testamentary document executed by me/us.
Place: ___________________________ Date: ____________________
First/Sole Holder
Name
Signature
Second Holder Third Holder
Note: Two witnesses shall attest signature(s) / Thumb impression(s).
Details of the Witness
Address
City State
Country PIN
Telephone No. Fax No.
E-mail ID
Relationship with BO (if any)
Date of Birth (if nominee is a minor)
1 2 0 1 0 7 0 0
NOMINATION FORM
0 0
First Name Middle Name Last Name
Name
Name
BO Account Details
Nominee details
(Please sign across the
photograph)
(Excluding face)
Paste Latest
Colour Photograph
of Nominee
First Name Middle Name Last Name
(Please sign across the
photograph)
(Excluding face)
Paste Latest
Colour Photograph
of Guardian
Nominee/Guardians Signature
Names of Witness
Address of witness
First Witness Second Witness
Signature of Witness
1 2 0 1 0 7 0 0
For Kisan Ratilal Choksey Shares and Securities Pvt. Ltd.
(Authorised Signatory)
(Authorised Signatory)
0 0
Depository Participant of Central Depository Services (I) Ltd.
Regd. office: 1102, Stock Exchange Tower, Dalal Street, Mumbai 400 001. INDIA.
Phone : 91-22-6653 5000 Fax : 91-22-6633 8060 E-mail : krc@vsnl.com www.krchoksey.com
Kisan Ratilal Choksey Shares and Securities Pvt. Ltd. Shares and Securities Pvt. Ltd. Shares and Securities Pvt. Ltd. Shares and Securities Pvt. Ltd. Shares and Securities Pvt. Ltd.
Dear Sir/ Madam,
I/We the sole holder / Joint holders / Guardian (in case of minor) hereby declare that:
I/We do not wish to nominate any one for this demat account (Strike out what is not applicable) (Signatures of all account holders should be obtained on this form)
I/We nominate the following person who is entitled to receive security balances lying in my/our account, particulars whereof are given below, in the event
of the death of the Sole holder or the death of all the Joint Holders.
X
X
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BANK DETAILS
Account Type: Savings Current Other NRO NRE
Account No.: ..................................................................................................................................................................................
Bank Name: ..................................................................................................................................................................................
Branch Address: ............................................................................................................................................................................
MICR No.: .....................................................................................................................................................................................
INFORMATION AND DETAILS ABOUT THE PROPRIETOR (IN CASE THE ACCOUNT IS OPENED IN THE NAME OF
PROPRIETORY FIRM) AND KARTA (IN CASE THE ACCOUNT IS OPENED IN THE NAME OF HUF)
Name of Proprietor/Karta: .........................................................
Fathers/Husbands Name:...............................................................................................................
Date of Birth .................................................................................... Sex: Male / Female
Educational Qualification: ....................................................... Martial Status: Married/Unmarried
Details of PAN Account Number: ...................................................................................................
PHOTOGRAPH
Photograph
CORRESPONDENCE ADDRESS
Office Address ..................................
City... .... State ........................................
Country:.................................................. Pincode:.................................................. Nationality:....................................................
Mobile No.: .............................................................. Email ID : ..................................................................................................
PERMANENT ADDRESS
If different from correspondence address
I, ___________________________________________________________________ Proprietor /Karta hereby undertake that
all the information given above is true and correct . Further any changes in the above would be informed to KRC in writing., I
agree that any false/misleading information given by me or suppression of any material information will render my account for
suspension and further I and/or H.U.F. would liable for the consequential actions which would be at the sole discretion of KRC.
Name and Signature of the Proprietor /Karta
ANNEXURE-1
CLIENT INFORMATION
Office Address ..................................
City... .... State ........................................
Country:.................................................. Pincode:.................................................. Nationality:....................................................
Mobile No.: .............................................................. Email ID : ..................................................................................................
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DEPOSITORY TARIFF STRUCTURE FOR NP
Particulars Corporate Individual
AMC 900/- 500/-
Dematerialisation (Incl. postal Charges) Rs. 32/-per request and Rs. 4 per Rs. 32/-per request and Rs. 4 per
additional certificate additional certificate
Re materialization Rs. 32/- per request Rs. 32/- per request
Transaction Charges
Off Market Min Rs. 14/- per inst. or 0.04% whichever is higher Min Rs. 14/- per inst. or 0.04% whichever is higher
Inter Depository Min Rs. 14/- per inst. or 0.04% whichever is higher Min Rs. 14/- per inst. or 0.04% whichever is higher
Incoming Charges for off / Inter Depository Free Free
Pledge / Unpledge / Invocation Rs. 25/- per request Rs. 25/- per request
Ad Hoc Statement (Per Account) Rs. 25/- Rs. 25/-
Notes:
The plan will be valid for 1 year or the respective number of instruction whichever expires earlier.
Client can opt for other plan after the expiry of the plan selected earlier or the same plan will be renewed automatically after
the expiry.
Dematerialization charges are based on Register A.D. Charges which are as follows: Rs. 32/- for one DRF & Rs. 4/- for each
additional Certificates.
Late fees of Rs. 25/- per instruction would be charged, if the Instruction slip/s are given on the pay in day.
Statement of holding, transaction and charges would be given quarterly & if any activity is undertaken.
Fees schedule is based on existing CDSL charges and is subject to changes at our discretion.
Service tax would be charged on all above charges.
Dematerialization charges and Transaction charges for off Market Inter depository transaction will be applied in BLDTS &
Prepaid Scheme.
Prepaid Tariff (SCHEME I)
Tariff (Exclusive of Service Tax) Max Instructions to be allowed
500 30
750 50
1000 75
2500 200
5000 400
First/Sole Holder Second Holder Third Holder
(SCHEME II)
Brokerage Linked Demat Transaction Scheme (BLDTS) (SCHEME II)
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Bank verification letter to be obtained for signature verification of the client
Date:
To
Dear Sir,
This is to certify that savings/current account number is in the name of sole /
joint holder (please strike out what is not applicable) - Mr. /Ms./M/s.....
......................................................................................................(full name has to be mentioned) with our
bank , .. branch. The said account is active since . Years/months.
We confirm that address and specimen signature as appended below by the sole/first account holder is
true and correct and the same is in our records also
Account Holder
Address :
Specimen Signature of the sole/first holder
Signed in my presence and attested
Name and Signature of Branch Manager
Employee code number
Stamp of the bank and branch
Disclosure Information (For Pro Account Trading)
Date :_____________________
Mumbai
To,
_________________________________________
Sir,
This is to inform you that we do client based trading and Pro-account trading in National Stock Exchange
& Bombay Stock Exchange.
Authorised Signatory / Director X______________________
MANDATORY
14
COMBINED RISK DISCLOSURE DOCUMENT FOR CAPITAL MARKET/CASH SEGMENT AND FUTURES
& OPTIONS SEGMENT (TO BE GIVEN BY THE BROKER TO THE CLIENT)
This document is issued by the member of the National Stock Exchange of India (hereinafter referred to
as "NSE") / The Stock Exchange, Mumbai (hereinafter referred to as "BSE") which has been formulated
by the Exchanges in coordination with the Securities and Exchange Board of India (hereinafter referred to
as "SEBI") and contains important information on trading in Equities and F&O Segments of NSE / BSE. All
prospective constituents should read this document before trading on Capital Market/Cash Segment or
F&O segment of the Exchanges.
NSE/BSE/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
has NSE/BSE/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 contractual relationship into which you are entering and the extent of your exposure to risk.
You must know and appreciate that investment in Equity shares, derivative or other instruments traded on
the Stock Exchange(s), which have varying element of risk, is generally not an appropriate avenue for
someone of limited resources/limited investment and/or trading experience and low risk tolerance.
You should therefore carefully consider whether such trading is suitable for you in the light of your financial
condition. In case you trade on NSE/BSE and suffer adverse consequences or loss, you shall be solely
responsible for the same and NSE/BSE, its Clearing Corporation/Clearing House and/or SEBI shall not
be responsible, in any manner whatsoever, for the same and it will not be 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 member. 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
security or derivative being traded on NSE/BSE.
It must be clearly understood by you that your dealings on NSE/BSE through a member shall be subject
to your fulfilling certain formalities set out by the member, which may interalia include your filling the know
your client form, client registration form, execution of an agreement, etc., and are subject to the Rules,
Byelaws and Regulations of NSE/BSE and its Clearing Corporation, guidelines prescribed by SEBI and in
force from time to time and Circulars as may be issued by NSE/BSE or its Clearing Corporation/Clearing
House and in force from time to time.
NSE/BSE does not provide or purport to provide any advice and shall not be liable to any person who
enters into any business relationship with any trading member and/or sub-broker of NSE/BSE 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/investment advice. No consideration to trade should be made
without thoroughly understanding and reviewing the risks involved in such trading. If you are unsure, you
must seek professional advice on the same.
In considering whether to trade or authorize someone to trade for you, you should be aware of or must get
acquainted with the following:-
1. BASIC RISKS INVOVLED IN TRADING ON THE STOCK EXCHANGE (EQUITY AND OTHER
INSTRUMENTS)
a. Risk of Higher Volatility: Volatility refers to the dynamic changes in price that securities undergo when
trading activity continues on the Stock Exchange. Generally, higher the volatility of a security/contract,
greater is its price swings. There may be normally greater volatility in thinly traded securities/contracts
than in active securities/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.
b. Risk of Lower Liquidity: Liquidity refers to the ability of market participants to buy and/or sell securities
/ 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 /
contracts swiftly and with minimal price difference, and as a result, investors are more likely to pay or
receive a competitive price for securities / contracts purchased or sold. There may be a risk of lower
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liquidity in some securities / contracts as compared to active securities / contracts. As a result, your order
may only be partially executed, or may be executed with relatively greater price difference or may not be
executed at all.
i . Buying/selling without intention of giving and/or taking delivery of a security, as part of a day trading
strategy, may also result into losses, because in such a situation, stocks may have to be sold/
purchased at a low/high prices, compared to the expected price levels, so as not to have any obligation
to deliver/receive a security.
c. 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 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 /
contracts. This in turn will hamper better price formation.
d. Risk-reducing orders: Most Exchanges have a facility for investors to place "limit orders", "stop loss
orders" etc". The placing of such 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.
i. 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.
ii. 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.
iii. A stop loss order is generally placed "away" from the current price of a stock / contract, and such
order gets activated if and when the stock / 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 stock 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 stock / 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.
e. Risk of News Announcements: Issuers make news announcements that may impact the price of the
securities / contracts. These announcements may occur during trading, and when combined with lower
liquidity and higher volatility, may suddenly cause an unexpected positive or negative movement in the
price of the security / contract.
f. Risk of Rumours: Rumours about companies 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 rumours.
g. 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.
i. 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.
ii. 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 due to any action on account of unusual trading activity or
stock hitting circuit filters or for any other reason.
h. System/Network Congestion: Trading on NSE/BSE 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 the control of and may result in delay in processing
or not processing buy or sell orders either in part or in full. You are cautioned to note that although these
problems may be temporary in nature, but when you have outstanding open positions or unexecuted
orders, these represent a risk because of your obligations to settle all executed transactions.
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2. AS FAR AS FUTURES AND OPTIONS SEGMENT IS CONCERNED, PLEASE NOTE AND GET
YOURSELF ACQUAINTED WITH THE FOLLOWING ADDITIONAL FEATURES:-
a. Effect of "Leverage" or "Gearing": The amount of margin is small relative to the value of the derivatives
contract so the transactions are 'leveraged' or 'geared'. Derivatives trading, which is conducted with a
relatively small amount of margin, provides the possibility of great profit or loss in comparison with the
principal investment amount. But transactions in derivatives carry a high degree of risk.
You should therefore completely understand the following statements before actually trading in derivatives
trading 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 equivalent to the principal investment
amount in a relatively short period of time. Moreover, the loss may exceed the original margin amount.
i. Futures trading involves daily settlement of all positions. Every day the open positions are marked to
market based on the closing level of the index. If the index has moved against you, you will be
required to deposit the amount of loss (notional) resulting from such movement. This margin will
have to be paid within a stipulated time frame, generally before commencement of trading next day.
ii. If you fail to deposit the additional margin by the deadline or if an outstanding debt occurs in your
account, the broker/member may liquidate a part of or the whole position or substitute securities. In
this case, you will be liable for any losses incurred due to such close-outs.
iii. 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.
iv. 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.
v. You must ask your broker to provide the full details of the derivatives contracts you plan to trade i.e.
the contract specifications and the associated obligations.
b. Risk of Option holders:
i. 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.
ii. The Exchange may impose exercise restrictions and have absolute authority to restrict the exercise
of options at certain times in specified circumstances.
c. Risks of Option Writers:
i. If the price movement of the underlying is not in the anticipated direction, the option writer runs the
risks of losing substantial amount.
ii. 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.
iii. 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. GENERAL
a. Commission and other charges: Before you begin to trade, you should obtain a clear explanation
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of all commission, fees and other charges for which you will be liable. These charges will affect your net
profit (if any) or increase your loss.
b. Deposited cash and property: You should familiarise yourself with the protections accorded to the
money or other property you deposit particularly in the event of a firm insolvency or bankruptcy. The
extent to which you may recover your money or property may be governed by specific legislation or
local rules. In some jurisdictions, property which has been specifically identifiable as your own will be
pro-rated in the same manner as cash for purposes of distribution in the event of a shortfall. In case of
any dispute with the member, the same shall be subject to arbitration as per the byelaws/regulations of
the Exchange.
For rights and obligations of the clients, please refer to Part-4 enclosed with this document.
The term 'constituent' shall mean and include a client, a customer or an investor, who deals with a member
for the purpose of acquiring and/or selling of securities through the mechanism provided by NSE/BSE.
The term 'member' shall mean and include a trading member, a broker or a stock broker, who has been
admitted as such by NSE/BSE and who holds a registration certificate as a stock broker from SEBI.
I hereby acknowledge that I have received and understood this risk disclosure statement and Annexure-1
containing my rights and obligations.
(If Partner, Corporate, or other Signatory, then attest with company seal.)
DD MM YYYY
4. INVESTORS' RIGHTS AND OBLIGATIONS:
a. You should familiarise yourself with the protection accorded to the money or other property you may
deposit with your member, particularly in the event of a default in the stock market or the broking firm's
insolvency or bankruptcy.
b. Please ensure that you have a documentary proof of your having made deposit of such money or property
with the member, stating towards which account such money or property deposited.
c. Further, it may be noted that the extent to which you may recover such money or property may be governed
by the Bye-laws and Regulations of NSE/BSE and the scheme of the Investors' Protection Fund in force
from time to time.
d. Any dispute with the member with respect to deposits, margin money, etc., and producing an appropriate
proof thereof, shall be subject to arbitration as per the Rules, Byelaws/Regulations of NSE/BSE or its
Clearing Corporation /Clearing House.
e. Before you begin to trade, you should obtain a clear idea from your member of all brokerage, commissions,
fees and other charges which will be levied on you for trading. These charges will affect your net cash
inflow or outflow.
f. You should exercise due diligence and comply with the following requirements of the NSE/BSE and/or
SEBI:
g. Please deal only with and through SEBI registered members of the Stock Exchange and are enabled to
trade on the Exchange. All SEBI registered members are given a registration no., which may be verified
from SEBI. The details of all members of NSE/BSE and whether they are enabled to trade may be verified
from NSE/BSE website (www.nseindia.com / www.bseindia.com).
h. Demand any such information, details and documents from the member, for the purpose of verification, as
you may find it necessary to satisfy yourself about his credentials.
i. Furnish all such details in full as are required by the member as required in "Know Your Client" form, which
may also include details of PAN or Passport or Driving Licence or Voters Id, or Ration Card, bank account
and depository account, or any such details made mandatory by SEBI/NSE at any time, as is available
with the investor.
j. Execute a broker-client agreement in the form prescribed by SEBI and/or the Relevant Authority of NSE or
its Clearing Corporation / Clearing House from time to time, because this may be useful as a proof of your
dealing arrangements with the member.
k. Give any order for buy or sell of a security in writing or in such form or manner, as may be mutually agreed.
Giving instructions in writing ensures that you have proof of your intent, in case of disputes with the
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member.
l. Ensure that a contract note is issued to you by the member which contains minute records of every
transaction. Verify that the contract note contains details of order no., trade number, trade time, trade
price, trade quantity, name of security, client code allotted to you and showing the brokerage separately.
Contract notes are required to be given/ sent by the member to the investors latest on the next working
day of the trade. Contract note can be issued by the member either in electronic form using digital signature
as required, or in hard copy. In case you do not receive a contract note on the next working day or at a
mutually agreed time, please get in touch with the Investors Grievance Cell of NSE/BSE, without delaying.
m. Facility of Trade Verification is available on NSE/BSE website (www.nseindia. com / www.bseindia.com),
where details of trade as mentioned in the contract note may be verified from the trade date upto five
trading days. 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 NSE/BSE.
n. Ensure that payment/delivery of securities against settlement is given to the concerned member within
one working day prior to the date of pay-in announced by NSE/BSE or it's Clearing Corporation / Clearing
House. Payments should be made only by account payee cheque in favour of the firm/company of the
trading member and a receipt or acknowledgement towards what such payment is made be obtained from
the member. Delivery of securities is made to the pool account of the member rather than to the beneficiary
account of the member.
o. In case pay-out of money and/or securities is not received on the next working day after date of pay-out
announced by NSE/BSE or its Clearing Corporation / Clearing House, please follow-up with the concerned
member for its release. In case pay-out is not released as above from the member within five working
days, ensure that you lodge a complaint immediately with the Investors' Grievance Cell of NSE/BSE.
p. Every member is required to send a complete 'Statement of Accounts', for both funds and securities
settlement to each of its constituents, at such periodicity as may be prescribed by time to time. You should
report errors, if any, in the Statement immediately, but not later than 30 calendar days of receipt thereof, to
the member. In case the error is not rectified or there is a dispute, ensure that you refer such matter to the
Investors Grievance Cell of NSE/BSE, without delaying.
q. In case of a complaint against a member/registered sub-broker, you should address the complaint to the
Office as may be specified by NSE/BSE from time to time.
r. in case where a member surrenders his membership, NSE/BSE gives a public notice inviting claims, if
any, from investors. In case of a claim, relating to "transactions executed on the trading system" of NSE/
BSE, ensure that you lodge a claim with NSE/BSE/NSCCL/Clearing House within the stipulated period
and with the supporting documents.
s. In case where a member is expelled from trading membership or declared a defaulter, NSE/BSE gives a
public notice inviting claims, if any, from investors. In case of a claim, relating to "transactions executed on
the trading system" of NSE/BSE, ensure that you lodge a claim with NSE/BSE within the stipulated period
and with the supporting documents.
t. Claims against a defaulter/expelled member found to be valid as prescribed in the relevant Rules/Bye-
laws and the scheme under the Investors' Protection Fund (IPF) may be payable first out of the amount
vested in the Committee for Settlement of Claims against Defaulters, on pro-rata basis if the amount is
inadequate. The balance amount of claims, if any, to a maximum amount of Rs.10 lakhs per investor
claim, per defaulter/expelled member may be payable subject to such claims being found payable under
the scheme of the IPF.
Notes:
1. The term 'constituent' shall mean and include a client, a customer or an investor, who deals with a
trading member of NSE/BSE for the purpose of acquiring and / or selling of securities through the
mechanism provided by NSE/BSE.
2. The term 'member' shall mean and include a member or a broker or a stock broker, who has been
admitted as such by NSE/BSE and who holds a registration certificate as a stock broker from SEBI.
3. NSE/BSE may be substituted with names of the relevant exchanges, wherever applicable.
(If Partner, Corporate, or other Signatory, then attest with company seal.)
DD MM YYYY
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AGREEMENT BETWEEN STOCK BROKER AND CLIENT
This Agreement (hereinafter referred to as "Agreement") is entered into at ______________
on this ____ day of ___________ 20__, by and between M/s. Kisan Ratilal Choksey
Shares and Securities Pvt. Ltd.,a body corporate, registered/incorporated under the
provisions of the Companies Act, 1956, being a member of the Bombay Stock Exchange
Limited (hereinafter called "the Exchange"), and having its registered office at 1102, Stock
Exchange Tower, Dalal Street, Mumbai 400 001 (hereinafter called "the Stock Broker"
or KRC) which expression shall, unless repugnant to the context or meaning thereof, be
deemed to mean and include himself in the capacity of a trading member while trading in
the derivatives segment, his/her heirs, executors, administrators and legal representatives/
the partners for the time being of the said firm, the survivor or survivors of them and their
respective heirs, executors, administrators and legal representatives/its successors, as
the case may be, of the One Part;
AND
Mr./Mrs./Ms.........................................................., son/daughter/wife of ............................
and residing at..........................................................................................................................
(Hereinafter referred to as "the Client" which expression shall include, unless repugnant to
or inconsistent with the subject or context thereof, its heirs, executors, administrators), of
the other part
(Or)
M/s.............................................................................................................................., a sole
proprietary concern with Proprietor Mr./Ms........................................................................and
having place of business and or residing at .........................................................................
the other part
(Or)
M/s........................., a HUF with Mr./Ms.............
as its Karta and having its office at ..........................
(Hereinafter referred to as "the Client" which
expression shall include, unless repugnant to or inconsistent with the subject or context
thereof, the existing Karta of the firm, heirs, executors and administrators) of the other part
WHEREAS
1. The Stock Broker is registered as the Stock Broker of the Exchange with SEBI
registration number INB010975834 in the Capital Market Segment and SEBI registration
number INF010975834 in the Futures and Options Segment (BSE).
2. The Client is desirous of investing/trading in those securities/ contracts/other instruments
admitted to dealings on the Exchange as defined in the Rules, Byelaws and Regulations
of the Exchange and circulars issued there under from time to time.
3. The Client has satisfied 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 has satisfied and shall continuously satisfy itself about the genuineness
and financial soundness of the Client and investment objectives relevant to the services
to be provided; and
5. The Stock Broker has taken steps and 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 stockbroker acts.
6. The Stock Broker and the Client agree to be bound by all the Rules, Byelaws and
Regulations of the Exchange and circulars issued there under and Rules and
Regulations of SEBI and relevant notifications of Government authorities as may be in
force from time to time.
BSE
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NOW, THEREFORE, IN CONSIDERATION OF THE MUTUAL UNDERSTANDING AS SET FORTH IN THIS
AGREEMENT, THE PARTIES THERETO HAVE AGREED TO THE FOLLOWING TERMS AND CONDITIONS:
1. The Client agrees to immediately notify the Stock Broker in writing if there is any change in the
information in the 'client registration form' provided by the Client to the Stock Broker at the time of
opening of the account or at any time thereafter.
2. The Stock Broker declares that it has brought the contents of the risk disclosure document to the
notice of client and made him aware of the significance of the said document. The Client agrees that:
a. He has read and understood the risks involved in trading on a stock exchange.
b. He shall be wholly responsible for all his investment decisions and trades.
c. The failure of the Client to understand the risk involved shall not render a contract as void or
voidable and the Client shall be and shall continue to be responsible for all the risks and
consequences for entering into trades in the segments in which the Client chose to trade.
d. He is liable to pay applicable initial margins, withholding margins, special margins or such other
margins 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.
e. 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 closing of its trade, be obliged to
pay (or entitled to receive) such further sums as the contract may dictate/require.
3. The Client agrees to 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 agrees that it shall not charge brokerage more than the
maximum brokerage permissible as per the rules, regulations and bye-laws of the relevant stock
exchange/SEBI.
4. The Client agrees to abide by the exposure limits, if any, set by the Stock Broker or by the Exchange
or Clearing Corporation or SEBI from time to time.
5. Without prejudice to the Stock Broker's other rights (including the right to refer a matter to arbitration),
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.
6. The Stock Broker agrees that the money/securities deposited by the Client shall be kept in a separate
account, distinct from his/its own account or account of any other client and shall not be used by the
Stock Broker for himself/itself or for any other client or for any purpose other than the purposes
mentioned in SEBI Rules and Regulations circulars/ guidelines/Exchanges Rules/Regulations/Bye-
laws and circulars.
7. The Client agrees to immediately furnish information to the Stock Broker 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.
8. The Stock Broker agrees to inform the Client and keep him apprised about trading/settlement cycles,
delivery/payment schedules, any changes therein from time to time, and it shall be the responsibility
in turn of the Client to comply with such schedules/procedures of the relevant stock exchange.
9. 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 successors, heirs and assigns shall be entitled to any surplus
which may result there from.
10. The Stock Broker agrees that it shall co-operate in redressing grievances of the Client in respect of
transactions routed through it and in removing objections for bad delivery of shares, rectification of
bad delivery, etc. in respect of shares and securities delivered/to be delivered or received/to be received
by the Client.
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11. The Stock Broker shall continue to be responsible for replacing bad deliveries of the Client in accordance
with applicable "Good & Bad delivery norms" even after termination of the agreement and shall be
entitled to recover any loss incurred by him in such connection from the Client.
12. 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 it may have had transactions in securities.
13. The Client and the Stock Broker agree to refer any claims and/or disputes to arbitration as per the
Rules, Byelaws and Regulations of the Exchange and circulars issued there under as may be in force
from time to time.
14. The Stock Broker hereby agrees that he shall ensure faster settlement of any arbitration proceedings
arising out of the transactions entered into between him and the Client and that he shall be liable to
implement the arbitration awards made in such proceedings.
15. Information about default in payment/delivery and related aspects by a client shall be brought to the
notice of the relevant stock Exchange(s). 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 to the relevant stock exchange(s).
16. The Stock Broker and the Client agree to reconcile their accounts at the end of each quarter with
reference to all the settlements where payouts have been declared during the quarter.
17. The Stock Broker and the Client agree to abide by any award passed by the Ombudsman under the
SEBI (Ombudsman) Regulations, 2003.
18. The Stock Broker and the Client declare and agree that the transactions executed on the Exchange
are subject to Rules, Byelaws and Regulations and circulars issued there under of the Exchange 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 Exchange for the purpose of giving effect to the provisions of the
Rules, Byelaws and Regulations of the Exchange and the circulars issued there under.
19. The instructions issued by an authorized representative, if any, of the Client shall be binding on the Client
in accordance with the letter authorizing the said representative to deal on behalf of the said client.
20. Where the Exchange cancels trade(s) suo moto all such trades including the trade/s done on behalf
of the Client shall ipso facto stand cancelled.
21. This agreement shall forthwith terminate; 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 issued by the Board is cancelled.
22. The Stock Broker and the Client shall be entitled to terminate this agreement 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 agreement 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.
23. In addition to the specific rights set out in this Agreement, the Stock 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 Exchange and circulars issued there under or Rules and Regulations
of SEBI.
24. Words and expressions which are used in this Agreement, 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 of the Exchange and circulars issued there under.
25. The provisions of this agreement shall always be subject to Government notifications, any rules,
regulations, guidelines and circulars issued by SEBI and Rules, Regulations and Bye laws of the
relevant stock exchange that may be in force from time to time.
26. The Stock Broker hereby undertakes to maintain the details of the Client as mentioned in the Client
Registration Form or any other information pertaining to the Client in confidence and that it 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.
22
Name
Address
Signature
Name
Address
Signature
Director/Authorized Signatory Name, Seal and Signature of the Client
Witness 1 Witness 1 of the Client
of Kisan Ratilal Choksey Shares and Securities Pvt. Ltd.
Witness 2
Witness 2 of the Client
This agreement can be altered, amended and / or modified by the parties mutually in wiriting without
derogating from the contents of this agreement. Provided however, if the rights and obligations of the
parties hereto are altered by virtue of change in Rule and regulations of SEBI or Bye-laws, Rules and
Regulations of the relevant stock Exchange, such changes shall be deemed to have been incorporated
herein in modification of the rights and obligations of the patties mentioned in this agreement.
IN WITNESS WHEREOF the parties hereto have caused this Agreement on the day and the year first
above written and at the places as mentioned hereinabove.
Name
Address
Signature
Name
Address
Signature
23
NSE
AGREEMENT BETWEEN STOCK BROKER AND CLIENT
This Agreement (hereinafter referred to as "Agreement") is entered into at ______________
on this ____ day of ___________ 20__, by and between M/s. Kisan Ratilal Choksey
Shares and Securities Pvt. Ltd.,a body corporate, registered/incorporated under the
provisions of the Companies Act, 1956, being a member of the National Stock Exchange
of India Limited (hereinafter called "the Exchange"), and having its registered office at
1102, Stock Exchange Tower, Dalal Street, Mumbai 400 001 (hereinafter called "the
Stock Broker" or KRC) which expression shall, unless repugnant to the context or meaning
thereof, be deemed to mean and include himself in the capacity of a trading member while
trading in the derivatives segment, his/her heirs, executors, administrators and legal
representatives/the partners for the time being of the said firm, the survivor or survivors of
them and their respective heirs, executors, administrators and legal representatives/its
successors, as the case may be, of the One Part;
AND
Mr./Mrs./Ms.........................................................., son/daughter/wife of ............................
And residing at..........................................................................................................................
the other part
(Or)
M/s.............................................................................................................................., a sole
proprietary concern with Proprietor Mr./Ms........................................................................and
having place of business and or residing at .........................................................................
the other part
(Or)
M/s........................., a HUF with Mr./Ms.............
as its Karta and having its office at ..........................
(Hereinafter referred to as "the Client"
which expression shall include, unless repugnant to or inconsistent with the subject or
context thereof, the existing Karta of the firm, heirs, executors and administrators) of the
other part
WHEREAS
1. The Stock Broker is registered as the Stock Broker of the Exchange with SEBI
registration number INB230975832 in the Capital Market Segment and SEBI registration
number INF230975832 in the Futures and Options Segment (NSE).
2. The Client is desirous of investing/trading in those securities/ contracts/other instruments
admitted to dealings on the Exchange as defined in the Rules, Byelaws and Regulations
of the Exchange and circulars issued there under from time to time.
3. The Client has satisfied 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 has satisfied and shall continuously satisfy itself about the genuineness
and financial soundness of the Client and investment objectives relevant to the services
to be provided; and
5. The Stock Broker has taken steps and 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 stockbroker acts.
6. The Stock Broker and the Client agree to be bound by all the Rules, Byelaws and
Regulations of the Exchange and circulars issued there under and Rules and
Regulations of SEBI and relevant notifications of Government authorities as may be in
force from time to time.
24
NOW, THEREFORE, IN CONSIDERATION OF THE MUTUAL UNDERSTANDING AS SET FORTH IN
THIS AGREEMENT, THE PARTIES THERETO HAVE AGREED TO THE FOLLOWING TERMS AND
CONDITIONS:
1. The Client agrees to immediately notify the Stock Broker in writing if there is any change in the
information in the 'client registration form' provided by the Client to the Stock Broker at the time of
opening of the account or at any time thereafter.
2. The Stock Broker declares that it has brought the contents of the risk disclosure document to the
notice of client and made him aware of the significance of the said document. The Client agrees that:
a. He has read and understood the risks involved in trading on a stock exchange.
b. He shall be wholly responsible for all his investment decisions and trades.
c. The failure of the Client to understand the risk involved shall not render a contract as void or
voidable and the Client shall be and shall continue to be responsible for all the risks and
consequences for entering into trades in the segments in which the Client chose to trade.
d. He is liable to pay applicable initial margins, withholding margins, special margins or such other
margins 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.
e. 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 closing of its trade, be obliged to
pay (or entitled to receive) such further sums as the contract may dictate/require.
3. The Client agrees to 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 agrees that it shall not charge brokerage more than the
maximum brokerage permissible as per the rules, regulations and bye-laws of the relevant stock
exchange/SEBI.
4. The Client agrees to abide by the exposure limits, if any, set by the Stock Broker or by the Exchange
or Clearing Corporation or SEBI from time to time.
5. Without prejudice to the Stock Broker's other rights (including the right to refer a matter to arbitration),
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.
6. The Stock Broker agrees that the money/securities deposited by the Client shall be kept in a separate
account, distinct from his/its own account or account of any other client and shall not be used by the
Stock Broker for himself/itself or for any other client or for any purpose other than the purposes
mentioned in SEBI Rules and Regulations circulars/ guidelines/Exchanges Rules/Regulations/Bye-
laws and circulars.
7. The Client agrees to immediately furnish information to the Stock Broker 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.
8. The Stock Broker agrees to inform the Client and keep him apprised about trading/settlement cycles,
delivery/payment schedules, any changes therein from time to time, and it shall be the responsibility
in turn of the Client to comply with such schedules/procedures of the relevant stock exchange.
9. 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 successors, heirs and assigns shall be entitled to any surplus
which may result there from.
10. The Stock Broker agrees that it shall co-operate in redressing grievances of the Client in respect of
transactions routed through it and in removing objections for bad delivery of shares, rectification of
bad delivery, etc. in respect of shares and securities delivered/to be delivered or received/to be received
by the Client.
25
11. The Stock Broker shall continue to be responsible for replacing bad deliveries of the Client in accordance
with applicable "Good & Bad delivery norms" even after termination of the agreement and shall be
entitled to recover any loss incurred by him in such connection from the Client.
12. 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 it may have had
transactions in securities.
13. The Client and the Stock Broker agree to refer any claims and/or disputes to arbitration as per the
Rules, Byelaws and Regulations of the Exchange and circulars issued there under as may be in force
from time to time.
14. The Stock Broker hereby agrees that he shall ensure faster settlement of any arbitration proceedings
arising out of the transactions entered into between him and the Client and that he shall be liable to
implement the arbitration awards made in such proceedings.
15. Information about default in payment/delivery and related aspects by a client shall be brought to the
notice of the relevant stock Exchange(s). 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 to the relevant stock exchange(s).
16. The Stock Broker and the Client agree to reconcile their accounts at the end of each quarter with
reference to all the settlements where payouts have been declared during the quarter.
17. The Stock Broker and the Client agree to abide by any award passed by the Ombudsman under the
SEBI (Ombudsman) Regulations, 2003.
18. The Stock Broker and the Client declare and agree that the transactions executed on the Exchange
are subject to Rules, Byelaws and Regulations and circulars issued there under of the Exchange 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 Exchange for the purpose of giving effect to the provisions of the
Rules, Byelaws and Regulations of the Exchange and the circulars issued there under.
19. The instructions issued by an authorized representative, if any, of the Client shall be binding on
the Client in accordance with the letter authorizing the said representative to deal on behalf of the
said client.
20. Where the Exchange cancels trade(s) suo moto all such trades including the trade/s done on behalf of
the Client shall ipso facto stand cancelled.
21. This agreement shall forthwith terminate; 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 issued by the Board is cancelled.
22. The Stock Broker and the Client shall be entitled to terminate this agreement 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 agreement 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.
23. In addition to the specific rights set out in this Agreement, the Stock 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 Exchange and circulars issued there under or Rules and Regulations
of SEBI.
24. Words and expressions which are used in this Agreement, 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 of the Exchange and circulars issued there under.
25. The provisions of this agreement shall always be subject to Government notifications, any rules,
regulations, guidelines and circulars issued by SEBI and Rules, Regulations and Bye laws of the
relevant stock exchange that may be in force from time to time.
26. The Stock Broker hereby undertakes to maintain the details of the Client as mentioned in the Client
Registration Form or any other information pertaining to the Client in confidence and that it shall not
disclose the same to any person/ authority except as required under any law/regulatory requirements;
26
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.
This agreement can be altered, amended and / or modified by the parties mutually in wiriting without
derogating from the contents of this agreement. Provided however, if the rights and obligations of the
parties hereto are altered by virtue of change in Rule and regulations of SEBI or Bye-laws, Rules and
Regulations of the relevant stock Exchange, such changes shall be deemed to have been incorporated
herein in modification of the rights and obligations of the patties mentioned in this agreement.
IN WITNESS WHEREOF the parties hereto have caused this Agreement on the day and the year first
above written and at the places as mentioned hereinabove.
Name
Address
Signature
Name
Address
Signature
Director/Authorized Signatory Name, Seal and Signature of the Client
Witness 1 Witness 1 of the Client
Witness 2
Witness 2 of the Client
Name
Address
Signature
Name
Address
Signature
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Policies and Procedures (Mandatory)
A. Policy for Penny Stock
A stock that trades at a relatively low price and market capitalization. These types of stocks are
generally considered to be highly speculative and high risk because of their lack of liquidity, large
bid-ask spreads, small capitalization and limited following and disclosure. Depending on the market
condition and RMS policy of the company RMS reserves the right to refuse to provide the limit in
Penny stocks and losses if any on account of such refusal shall be borne by client only.
B. Setting up client's exposure limit:
The stock broker may from time to time impose and vary limits on the orders that the client can
place through the stock broker's trading system (including exposure limits, turnover limits, limits as
to the number, value and/or kind of securities in respect of which orders can be placed etc.). The
client is aware and agrees that the stock broker may need to vary or reduce the limits or impose new
limits urgently on the basis of the stock broker's risk perception and other factors considered relevant
by the stock broker including but not limited to limits on account of exchange/SEBI directions/limits
(such as broker level/market level limits in security specific/volume specific exposures etc.), and the
stock broker may be unable to inform the client of such variation, reduction or imposition in advance.
The client agrees that the stock broker shall not be responsible for such variation, reduction or
imposition or the client's inability to route any order through the stock broker's trading system on
account of any such variation, reduction or imposition of limits. The client further agrees that the
stock broker may at any time, at its sole discretion and without prior notice, prohibit or restrict the
client's ability to place orders or trade in securities through the stock broker, or it may subject any
order placed by the client to a review before its entry into the trading systems any may refuse to
execute/allow execution of orders due to but not limited to the reason of lack of margin/securities or
the order being outside the limits set by stock broker/exchange/SEBI and any other reasons which
the stock broker may deem appropriate in the circumstances. The client agrees that the losses, if
any on account of such refusal or due to delay caused by such review, shall be borne exclusively by
the client alone.
We have margin based RMS system. Total deposits of the clients are uploaded in the system and
client may take exposure on the basis of margin applicable for respective security as per VAR
based margining system of the stock exchange and/or margin defined by RMS based on their risk
perception. Client may take benefit of "credit for sale" i.e. benefit of share held as margin by selling
the same by selecting Delivery option through order entry window on the trading platform, the value
of share sold will be added with the value of deposit and on the basis of that client may take fresh
exposure.
In case of exposure taken on the basis of shares margin the payment is required to be made before
the exchange pay in date otherwise it will be liable to square off after the pay in time or any time due
to shortage of margin or settlement obligations.
C. Applicable brokerage rate:
Brokerage Rate is mutually decided between the Member and each client based on client's net
worth, expected trading volume etc. The maximum brokerage chargeable will be within the Rules &
Regulations of the Exchanges.
The applicable brokerage rate is mentioned in the KYC and any future change in the brokerage rate
will be communicated to the client.
D. Imposition of penalty / delayed payment charges:
Clients will be liable to pay late pay in/delayed payment charges for not making payment of their
payin/margin obligation on time as per the exchange requirement/schedule at the rate of 1.5% per
month.
The client agrees that the stock broker may impose fines / penalties for any orders / trades / deals /
actions of the client which are contrary to this agreement / rules / regulations / bye laws of the
exchange or any other law for the time being in force, at such rates and in such form as it may deem
fit. Further where the stock broker has to pay any fine or bear any punishment from any authority in
28
connection with / as a consequence of / in relation to any of the orders / trades / deals / actions of the
client, the same shall be borne by the client.
E. The right to sell client's securities or close clients' positions, without giving notice to the client, on
account of non-payment of client's dues
Without prejudice to the stock brokers other rights (Including the right to refer the matter to arbitration),
the stock broker shall be entitled to liquidate/close out all or any of the clients position without giving
notice to the client for non payment of margins or other amounts including the pay in obligation,
outstanding debts etc and adjust the proceeds of such liquidation/close out, if any, against the
clients liabilities/obligations.
The client shall ensure timely availability of funds/securities in form and manner at designated time and
in designated bank and depository account(s), for meeting his/her/its pay in obligation of funds and
securities. Any and all losses and financial charges on account of such liquidations/ closing out shall be
charged to & borne by the client. In cases of securities lying in margin account/client beneficiary account
and having corporate actions like Bonus, Stock split, Right issue etc, for margin or other purpose the
benefit of shares due to received under Bonus, Stock split, Right issue etc will be given when the
shares are actually received in the stock broker designated demat account. In case the payment of the
margin / security is made by the client through a bank instrument, the stock broker shall be at liberty to
give the benefit / credit for the same only on the realization of the funds from the said bank instrument
etc, at the absolute discretion of the stock broker. Where the margin / security is made available by way
of securities or any other property, the stock broker is empowered to decline its acceptance as margin
/ security &/or to accept it at such reduced value as the stock broker may deem fit by applying haircuts
or by valuing it by marking it to market or by any other method as the stock broker may deem fit in its
absolute discretion.
The stock broker has the right but not the obligation, to cancel all pending orders and to sell/close/
liquidate all open positions/securities/shares at the pre-defined square off time or when Mark to Market
(M-T-M) percentage reaches or crosses stipulated margin percentage, whichever is earlier. The stock
broker will have sole discretion to decide referred stipulated margin percentage depending upon the
market condition. In the event of such square off, the client agrees to bear all the losses based on
actual executed prices, the client shall also be solely liable for all and any penalties and charges levied
by the exchange(s).
F. Shortages in obligations arising out of internal netting of trades:
Stock broker shall not be obliged to deliver any securities or pay any money to the client unless and
until the same has been received by the stock broker from the exchange, the clearing corporation /
clearing house or other company or entity liable to make the payment and the client has fulfilled his/
her/its obligations first.
The policy and procedure for settlement of shortages in obligations arising out of internal netting of
trades is as under:
a) The Short delivering client is debited by an amount equivalent to 20% above of closing rate of day
prior to Payin/Payout Day. The securities delivered short are purchased from market on T+2 day
and the purchase consideration (inclusive of all statutory taxes & levies) is debited to the short
delivering seller client along with reversal entry of provisionally amount debited earlier.
b) If securities cannot be purchased from market due to any force majeure condition, the short delivering
seller is debited at the closing rate on T+2 day or Auction day on Exchange +10% where the delivery
is matched partially or fully at the Exchange Clearing, the delivery and debits/credits shall be as per
Exchange Debits and Credits Which ever is higher.
c) In cases of securities having corporate actions all cases of short delivery of cum transactions which
cannot be auctioned on cum basis or where the cum basis auctioned on cum basis or where the
29
cum basis auction payout is after the book closure/record date, would be compulsory closed out at
higher of 10% above the official closing price on the auction day or the highest traded price from first
trading day of the settlement till the auction day which ever is higher.
G. Conditions under which a client may not be allowed to take further position or the broker may
close the existing position of a client
We have margin based RMS system. Client may take exposure upto the amount of margin available
with us. Client may not be allowed to take position in case of non-availability/shortage of margin as per
our RMS policy of the company. The existing position of the client is also liable to square off/close out
without giving notice due to shortage of margin/ non making of payment for their payin obligation/
outstanding debts. Intimation of cheques deposited or to be deposited will not be considered in such
cases.
H. Temporarily suspending or closing a client's account based at the client's request
On the request of the client in writing, the client account can be suspended temporarily and same can
be activated on the written request of the client only. During the period client account is suspended, the
market transaction in the client account will be prohibited. However client shares/ledger balance
settlement can take place.
On the request of the client in writing, the client account can be closed provided the client account is
settled. If the client wants to reopen the account in that case client has to again complete the KYC
requirement.
I. Deregistering a Client
Notwithstanding anything to the contrary stated in the agreement, the stock broker shall be entitled to
terminate the agreement with immediate effect in any of the following circumstances:
(i) If the action of the client are prima facie illegal / improper or such as to manipulate the price of any
securities or disturb the normal/proper functioning of securities or disturb the normal/proper functioning
of the market, either alone or in conjunction with others.
(ii) If there is any commencement of a legal process against the client under any law in force;
(iii) On the death/lunacy or other disability of the Client;
(iv) If the client being a partnership firm, has any steps taken by the Client and/or its partners for dissolution
of the partnership;
(v) If the Client suffers any adverse material change in his/her/its financial position or defaults in any
other agreement with the Stock broker;
(vi) If there is reasonable apprehension that the Client is unable to pay its debts or the Client has admitted
its inability to pay its debts, as they become payable;
(vii) If the Client is in breach of any term, condition or covenant of this Agreement;
(viii) If the Client has made any material misrepresentation of facts, including (without limitation) in relation
to the Security;
(ix) If a receiver, administrator or liquidator has been appointed or allowed to be appointed of all or any
part of the undertaking of the Client;
(x) If the Client have taken or suffered to be taken any action for its reorganization, liquidation or dissolution;
(xi) If the Client has voluntarily or compulsorily become the subject of proceedings under any bankruptcy
or insolvency law or being a company, goes into liquidation or has a receiver appointed in respect of
its assets or refers itself to the Board for Industrial and Financial Reconstruction or under any other
law providing protection as a relief undertaking;
(xii) If any covenant or warranty of the Client is incorrect or untrue in any material respect;
J. Inactive Client account: -Client account will be considered as inactive if the client does not trade for
period of one year. Calculation will be done at the beginning of every month and those clients who
have not traded even a single time will be considered as inactive, the shares/ credit ledger balance if
any will be transferred to the client within one week of the identifying the client as inactive. The client
30
has to make written request for reactivation of their account.
K. Trading in Exchange is in Electronic Mode: based on VSAT, leased line, ISDN, Modem and VPN,
combination of technologies and computer systems to place and route orders. I/we understand that
there exists a possibility of communication failure or system problems or slow or delayed response
from system or trading halt or any break down in our back office/ front end system, or any such other
problems/glitch whereby not being able to establish access to the trading system/network, which may
be beyond your control and may result in delay in processing or not processing buy or sell Orders
either in part or in full. I/We shall be fully liable and responsible for any such problem/fault.
L. Client Acceptance of Policies and Procedures stated hereinabove:
I/We have fully understood the same and do hereby sign the same and agree not to call into question
the validity, enforceability and applicability of any provision/clauses this document any circumstances
what so ever. These Policies and Procedures may be amended / changed unilaterally by the broker,
provided the change is informed to me / us with through any one or more means or methods. I/we
agree never to challenge the same on any grounds including delayed receipt / non receipt or any other
reasons whatsoever. These Policies and Procedures shall always be read always be read along with
the agreement and shall be compulsorily referred to while deciding any dispute / difference or claim
between me / us and stock broker before any court of law / judicial / adjudicating authority including
arbitrator / mediator etc.
Name, Seal and Signature of the Client
Date:
31
Voluntary Clauses
The Client and Stock Broker, in addition (the agreement between Stock Broker and Client to ensure
smooth functioning of the operations) also agree to the terms and conditions stated herein below:
1. Internet trading
Kisan Ratilal Choksey Shares & securities Pvt.Ltd.(KRC) offers the Internet Trading Service to its
Clients after the same has been approved by the Exchanges and Client agrees to avail of the KRC's
Internet Trading Service, subject to the terms and conditions of this Agreement, the Exchange Provisions
and the terms of the KRC's Web Site.
2. User Name and Password
The Client will be entitled to a username and password, which will enable him to access the KRC's
Internet Trading Service for availing of the Service.
The Client is aware that the KRC's Internet Trading Service itself generates the initial password and that
KRC is aware of the same. The Client agrees and undertakes to immediately change its initial password
upon receipt thereof. The Client is aware that subsequent passwords are not known or available to KRC.
Any request made by the Client for reset of passwords, Member will inform the new password to the
Client either telephonically or on the e-mail address of the Client either as given in the Client Registration
form or informed by the Client subsequently in writing.
The Client shall be responsible for keeping the User Identification number and Password confidential and
secure and shall be solely responsible for all orders entered and transactions done by any person whosoever
through KRC's Internet Trading Service using the Client's Username and/or Password whether or not
such person was authorised to do so.
The Client shall immediately inform KRC of any unauthorised use of the Client's Username or Password
with full details of such unauthorised use including the date of such unauthorised use, the manner in
which it was unauthorisedly used, the transactions effected pursuant to such unauthorised use, etc.
The CLIENT is aware that authentication technologies and strict security measures are required for the
internet trading through order routed system and undertakes to ensure that the password of the CLIENT
are not revealed to any third party. The Client acknowledges that it is fully aware of and understands the
risks associated with availing of a service for routing orders over the internet including the risk of misuse
and unauthorised use of his Username and/or Password by a third party and the risk of a person hacking
into the Client's account on KRC's Website and or Internet trading system for routing orders on behalf of
the Client through the System in unauthorised manner. The Client agrees that it shall be fully liable and
responsible for any and all unauthorised use and misuse of its Password and/or Username and also for
any and all acts done by any person through KRC's Internet trading system on the Client's Username in
any manner whatsoever.
The Client shall log off from KRC's Internet Trading Service at any time the Client is not accessing or
using the Service and any liability incurred to the Client as a consequence of the Client not logging off the
Service shall borne solely by the Client.
Without prejudice to the provisions of the applicable provisions of this Agreement the Client shall immediately
notify the KRC in writing with full details if:
(i) It discovers or suspects unauthorised access through his Username, Password or account,
(ii) It notices discrepancies that might be attributable to unauthorised access,
(iii) It forgets his password or
(iv) It discovers a security flaw in KRC's Internet Trading Service.
In any of the above events the Client shall immediately change his Password. However, if the Client is
unable to change his Password by reason of its having forgotten his Password or his Password having
been unauthorisedly changed by some other person or for any other reason then the Client shall immediately
request KRC in writing to discontinue his old Password; and thereupon KRC shall cause its Internet
Trading Service to discontinue the use of the Client's old Password and KRC's Internet Trading Service
shall generate a new Password for the Client which shall be communicated to the Client. At no point in
time shall KRC be liable for any loss, whether notional or actual, that may be suffered by the Client on
account of the misuse of the Password.
3. Transactions and Settlement
All orders for purchase, sale or other dealings in securities and other instructions routed through the
32
KRC's Internet Trading Service via the Client's Username shall be deemed to have been given by the
Client.
The orders and instructions and all contracts and transactions entered into pursuant thereto and the
settlement thereof will be in accordance with the Exchange Provisions.
KRC may from time to time impose and vary limits on the orders which the Client can place through KRC's
Internet Trading Service:
System (including exposure limits, turnover limits, limits as to the number, value and/or kind of securities
in respect of which orders can be placed, the companies in respect of whose securities orders can be
placed, etc.). The Client is aware and agrees that KRC may need to vary or reduce the limits or impose
new limits urgently on the basis of the KRC's risk perception and other factors considered relevant by
KRC, and KRC may be unable to inform the Client of such variation, reduction or imposition in advance.
The Client agrees that KRC shall not be responsible for such variation, reduction or imposition or the
Client's inability to route any order through KRC's Internet Trading Service on account of any such variation,
reduction or imposition of limits. The Client understands and agrees that KRC may at any time, at its sole
discretion and without prior notice, prohibit or restrict the Client's ability to place orders or trade in securities
through KRC.
Though orders will generally be routed to the Exchange's computer systems within a few seconds from
the time the order is placed by the Client on KRC's Internet Trading Service, KRC shall not be liable for
any delay in the execution of any order or for any resultant loss on account of the delay.
The Client agrees that KRC may, at its sole discretion, subject to any order placed by a Client to manual
review and entry, which may cause delays in the processing of the Client's order or may result in rejection
of such order.
In case of a market order, the Client agrees that he will receive the price at which his order is executed by
the exchange's computer system; and such price may be different from the price at which the security is
trading when his order is entered into KRC's Internet Trading Service.
4. Margin for Internet trading Service
The Client agrees and undertakes to immediately deposit with KRC such cash, securities or other acceptable
security, which KRC's may require as margin. The Client agrees that KRC shall be entitled to require the
Client to deposit with KRC's a higher margin than that prescribed by the Exchange. KRC shall also be
entitled to require the Client to keep permanently with KRC a margin of a value specified by KRC so long
as the Client desires to avail of KRC's Internet Trading Service.
5. Modification and Cancellation Requests
When the Client places a request to modify or cancel an order, the modification or cancellation of that
order is not guaranteed. The order will only be modified or cancelled if the Client's request for modification
or cancellation is received and the order is successfully cancelled before it is executed.
The Client shall not be entitled to presume an order as having been executed or modified or canceled until
a confirmation from KRC is received by the Client. The Exchange may anull a trade suo-moto without
giving a reason therefore. In the event of such annulment, KRC shall be entitled to cancel the relative
contract(s) with the Client.
6. Confirmations
Online confirmation will be available to the Client upon execution or cancellation of an order placed by him
through KRC's Internet Trading Service. This shall be followed by a confirmation, which may be sent by
postal mail, electronic mail or other electronic means. It is the responsibility of the Client to review upon
first receipt, whether delivered to him online, by postal mail, by electronic mail, or other electronic means,
all confirmations of transactions or cancellations.
KRC shall also send the Order/Trade confirmation slip through E-mail to the CLIENT at his request, within
_____________ (time period as specified by the Client) from the time of execution of order/trade on the
trading system, as the case may be. The CLIENT agrees that the information sent by MEMBER by E-mail
is deemed to be a valid delivery of such information by the MEMBER.
7. Supplemental to the main agreement
This Agreement is supplemental to, and does not supersede, the Main Member - Client Agreement. Save
and except as modified expressly or by implication by this Agreement the Exchange Provisions or the
terms of KRC's WebSite, the provisions of the Main Member -Client Agreement shall apply mutatis mutandis
33
to the extent applicable to dealings between KRC and the Client pursuant to or otherwise relating to
KRC's Internet Trading Service.
8. Market Data
The Client understands that the Exchange asserts a proprietary interest in all of the market data it furnishes,
directly or through KRC or otherwise. The Client understands that the Exchange does not guarantee the
timeliness, sequence, accuracy or completeness of market data or any other market information, or any
messages disseminated by it. Neither KRC nor the Exchange shall be liable in any way for incorrect,
misleading, incomplete or dated data or information and, if the Client acts on the basis of the same, he
shall do so at his own risk and cost.
The Client shall not furnish market information provided by the Exchange to any other person or entity for
consideration or otherwise and in the event the Client uses such information he shall do so at his own risk
and cost.
Any notice or other communication to be given by any party to the other in connection with this Agreement
shall be in writing and shall be deemed duly served if delivered personally or sent by facsimile transmission
or by prepaid registered post or by e-mail to the addressee at the address or (as the case may be), the e-
mail or facsimile number (if any), of that party set opposite its name below:
9. Notices
To Kisan Ratilal Choksey Shares and Securities Pvt. Ltd. at:
Name of the person concerned: The Compliance Officer:
Address: KRC Abhishek, C-5&6, 5th Floor, Dalia Industrial Estate, Link Road, Andheri (W),
Mumbai 400 058.
Fax # : 022 - 66919576 E-mail : compliance@krchoksey.com
To the Client at:
Name of the person concerned: ...............................................................................................................
Address:....................................................................................................................................................
Mobile No. ............................................................... E-mail: ..................................................................
Or at such other address, facsimile number or e-mail address as the party to be served may have notified
the other in accordance with the provisions of this Clause.
Notwithstanding anything stated above, communication relating to orders, margins, maintenance calls
and other similar matters in the ordinary course of dealings between KRC and the Client may be
communicated orally.
10. REPRESENTATIONS AND WARRANTIES OF THE CLIENT
The Client represents warrants and undertakes, on an ongoing basis, the following:
All the information provided and statements made and supporting documents enclosed in the client
registration form, as applicable to the Client, are true and correct and are not misleading (whether by
reason of omission to state material fact or otherwise) and the Client is aware that KRC has agreed to
provide the services on the basis, inter alia, of the statements made, information provided and supporting
documents submitted at the time of opening account with KRC.
In the event the Client receives or accesses any information in relation to the services availed from KRC
or any employee or any official of KRC or Affiliates, the same is on a no-liability, no-guarantee and no-
obligation basis.
For availing any new products/services introduced by KRC subsequent to this Agreement, the Client
agrees to complete the registration procedure and accept the terms and conditions as prescribed by KRC
from time to time.
The Client is aware and acknowledges that trading over the internet involves many uncertain factors and
complex hardware, software, systems, communication lines, peripherals, etc. which are susceptible to
interruptions and dislocations; and KRC's Internet Trading Service may at any time be unavailable without
further notice. The Trading Member and the Exchange do not make any representation or warranty that
KRC's Internet Trading Service will be available to the Client at all times without any interruption. The
Client agrees that he shall not have any claim against the Exchange or KRC on account of any suspension,
interruption, non-availability or malfunctioning of KRC's Internet Trading Service or the Exchange's service
or systems for any reason whatsoever.
The Client has the required legal capacity to, and is authorised to, enter into this Agreement and is
34
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
pursuant to this Agreement with all applicable laws, shall be completed by the Client prior to such transaction
being entered into.
The Client shall abide by the Exchange Provisions and the terms of the Member's WebSite in force from time
to time.
The instructions issued by an authorized representative of the client shall be binding on the client in accordance
with the letter authorizing the said representative to deal on behalf of the client.
In case where the Client is a Non Resident Indian, the Client agrees to abide by all the relevant laws, of the
country where the Client resides. It is the duty of the Client to keep itself updated on such laws and KRC
shall in no way responsible for keeping the Client updated of such overseas laws. The Client shall not hold
KRC responsible for any loss or damage or claim arising out of ignorance of such laws.
The Client agrees that it shall not hold the Member responsible for any loss and/or damage incurred due to
the Client's lack of understanding or mis-understanding of the various provisions of various Agreements,
reports, products, brochures etc.
11. LIMITATIONS OF LIABILITY AND INDEMNITY
The Client shall indemnify each of KRC and it's, offers, employees against all losses resulting directly or
indirectly from any act, omission, representation, warranty, undertaking, confirmation, or instruction of the
Client out of or in connection with the
Lawful performance of KRC duties or discretion under this Agreement (including but not limited to losses on
account of acting upon and / or execution of the instruction or requests placed over the phone due to any
reason whatsoever) and or
Directly or indirectly on account of a breach by the Client of its representations, warranties, covenants,
undertakings and obligations herein and or
Non compliance of any applicable rules and regulations or arising out of or in connection with breach of any
of the Client obligations under the Agreement and/or these terms and conditions or any modification thereto.
12. SURVIVAL
The provisions of this Agreement relating to payment of the services of this Agreement, brokerage, fees and
costs, charges, expenses and other amounts to KRC, choice of law, jurisdiction and notice and all rights and
obligations which have accrued or arisen prior to the termination of this Agreement shall survive the termination
of this agreement.
13. CONFIDENTIALITY
The Client will treat as confidential (both during and after the termination of the relationship between the
parties) any data/information/documents/ facts received/gathered during the course of it, dealing with KRC.
14. ASSIGNMENT
The Client shall not be entitled to assign any of its rights, obligations and /or benefits under this Agreement
without the prior written consent of KRC. KRC shall be entitled to assign its rights, obligations and/or benefits
under this Agreement to any successor entity, affiliate entity at its absolute discretion.
15. SEVERABILITY
In the event of any provisions of this Agreement being held to be or becoming invalid, unenforceable or illegal
for any reason, this Agreement shall remain otherwise in full force apart from the said provision which will be
deemed deleted. The parties shall however attempt to replace the deleted provision with a legally valid
provision that reflects the same purpose as the deleted provision to the greatest extent possible.
16. NO WAIVER
No forbearance, relaxation, failure or delay by KRC in exercising any right, power or privilege hereunder
shall operate as a waiver thereof nor shall any single or partial exercise of any other right, power or privilege
preclude any other further exercise thereof or the exercise of any other right, unless specifically agreed in
writing. The rights and remedies herein provided shall be cumulative and not exclusive of any rights or
remedies provided by Applicable Laws. All rights and remedies given to KRC in this Agreement are cumulative
and not exclusive of any other rights or remedies, which KRC otherwise has.
17. INTERPRETATION
Words and expression used in all the agreements which have not been defined, unless the context otherwise
requires, have the same meaning as assigned there into the rules, byelaws, regulations of the exchange/
SEBI/CDSL and circulars issued there under. Further, the provisions to this agreement shall be subject to the
35
exchange provisions, the rules, regulations and other provisions of its clearing house, if any, the provisions
of Securities Exchange Bank of India, 1992, the Securities Contracts (Regulation) Act of 1956 and the rules
and regulations made there under and as mentioned from time to time.
The heading of each provision hereof is for descriptive purposes only and shall not be deemed to modify or
qualify any of the rights or obligation set forth in each such provision. In this Agreement, reference to the
singular includes the plural and any reference to the plural includes the singular, and words importing the.
Masculine gender shall include the feminine gender and neutral gender and vice-versa.
18. LAW AND JURISDICTION
This Agreement shall be governed by and construed in all respects in accordance with the laws of the
Republic of India and, the courts at Mumbai, India shall have jurisdiction over this Agreement and the arbitration
proceedings in relation to the Agreement.
This Agreement and all trades, transactions and contracts between KRC and the Client pursuant hereto
shall be subject to the Exchange Provisions, the Rules, Bye-Laws, Regulations, and other provisions of its
clearing house, if any, the provisions of the Securities and Exchange Board of India Act, 1992, the Securities
Contracts (Regulation) Act of 1956 and the rules and regulations made there under and as amended from
time to time and shall deemed to have submitted to the jurisdiction of the Courts in Mumbai for the purpose
of giving effect to the provisions of the Acts, Rules, regulations and byelaws and Exchange/Clearing house
and SEBI
19. TERMS AND TERMINATION
KRC and the Client may at any time terminate this Agreement by giving adequate Notice as specified by the
regulatory authority, for any or all of the service availed by the Client. Provided that, the Client shall not be
allowed to terminate this Agreement until and unless all dues are paid/cleared by the Client and /or all
securities have been delivered.
The termination of this Agreement shall not affect any rights or obligations of either party which have accrued
prior to the termination or which may arise out of or in connection with acts done or omitted prior to the
termination.
The Client is aware and accepts that in view of the nature of the transactions and dealings involved in
providing the Service or on occurrences of any of the instances as stated below, KRC reserves the right to
terminate the Agreement or suspend the Services to the Client without prior notice to the Client.
(i) The Client has breached any clauses of this Agreement.
(ii) upon the death, winding up, bankruptcy, liquidation or lack of legal capacity of the Client or is declared
as a defaulter by any credit rating agency or any action or proceeding have been initiated by the
regulator including without limitation SEBI or
(iv) Has misrepresented facts at the time of entering into this Agreement or otherwise or
(v) Any regulatory action taken against the Client
(vi) In KRC's opinion the Client cannot continue to trade/invest deal in securities market under its
membership.
20. DISPUTE RESOLUTION
Any claim, dispute or difference arising between the Parties hereto in respect of this Agreement or any
contracts, dealings or transactions pursuant hereto or any rights, obligations, terms or conditions as contained
in this Agreement or the interpretation or construction of this Agreement shall be subject to the grievance
redressal procedure of the Exchange and shall be subject to the arbitration procedure as prescribed by the
Exchange Provisions. Any and all claims and disputes arising out of or in connection with this Agreement or
its performance and/or otherwise and/or all matters relating to non-contractual claims shall be amicably
settled between the Client and KRC. However, if the dispute cannot be settled amicably, then the disputes
will be settled as per the provisions of the Arbitration & Conciliation Act, 1996.
21. FORCE MAJEURE
The KRC and/or its Affiliates will not be liable for losses caused directly or indirectly by government restriction,
Exchange or market rulings, suspension of trading, computer, communication, telephone or system failure,
accident, power failure, equipment or software malfunction, strikes, event of national emergency, war prohibitive
governmental regulation, natural calamity or if any other force majeure cause which is beyond the reasonable
control or any other conditions beyond KRC's control.
22. AMENDMENTS
KRC may at any time may discontinue his Internet trading in part or in its entirety and change the terms of the
36
Service (including the terms on KRC's WebSite) and or amend this Agreement, writings or annexures by
modifying or rescinding any of the existing provisions or conditions or by adding any new provision or
condition, by mutual consent and agreed to in writing and after having the said amendments be executed
by the Client by means of issuing additional agreement. The continued use of KRC's Services by the
Client shall constitute acknowledge and acceptance of such amendment/s by the Client. If the rights and
obligations of the Parties are altered by virtue of any change in the applicable laws, such changes shall be
deemed to have been incorporated automatically and accepted by the Client.
23. RIGHT OF SET OFF
The Stock Broker shall have the right to set off the balances of the Client with the Stock Broker in any
account(s) in any Segment / exchange with respect to money and securities. All monies securities or other
property which the Stock Broker may hold on clients account shall be held subject to a general lien for the
discharge of the Clients obligations to the Stock Broker.
24. Collection of Contract Note
The client will collect contract note bills, securities, etc. from brokers office as per his / her convenience.
25. CLIENT INFORMATION
In addition to the information given in the Client Registration Form and supporting documents/proofs
submitted, it is the responsibility of the Client to ensure that, any change in the Client Registration Form or
information provided to KRC by the Client, is updated immediately, in writing, by providing the relevant
proofs/documents.
Additionally, if any statutory authority seeks information/documents about the Client, KRC shall provide
the same with or without informing the Client. KRC, may from time to time, seek additional documents/
information, to fulfill its regulatory responsibility and the Client shall provide the same immediately. Failure
to provide such information may result in KRC taking appropriate action as it may deem fit.
In case the Client fails to update such change in the Client Registration Form information or fails to
provide the information sought for by KRC, KRC, at its discretion, may decide on the appropriate course of
action, including but not limited to refusal of further transactions of the Clients. The Client shall not hold
KRC responsible for any consequential loss or damage and shall indemnify KRC for the same
26. FUNDS/SECURITIES
KRC will receive funds/securities and/or disburse funds/securities only from/to the bank account/demat
account given by the Client in the Client Registration Form or subsequently submitted by it in writing to
KRC, alongwith the applicable supporting documents. KRC reserves the right not to accept funds/securities
from any other bank/demat account and also payments made through demand draft/pay order/cash. The
Client shall not hold KRC responsible for any direct and/or consequential loss and/or damage and/or
claims and will indemnify KRC from such consequential claims and/or damage and/or loss.
Third Party Payments: KRC reserves the right not to accept payments from bank account not mentioned
in the Client Registration Form /updated in the Client DATABASE maintained with KRC. However, if, due
to oversight KRC has accepted any such third party payments and credits for the same are given in the
Client, KRC will reverse the credit immediately on discovering the same. Client shall not hold KRC
responsible for any consequential loss or damage and shall indemnify KRC from the same.
Third Party Delivery of Securities: KRC reserves the right to accept deliveries only from such demat
account where the Client is the sole/first holder and the same is mentioned in the Client Registration Form
and/or updated in the Client database maintained with KRC. However, if, due to oversight, KRC has
accepted any third party deliveries, the same shall be rectified in the manner deemed fit by KRC. The
Client shall not hold KRC responsible for any consequential loss or damage and shall indemnify KRC
from the same
27. PROPRIETARY TRADES
In lieu of SEBI Circular no: SEBI/MRD/SE/Cir-42/2003 dated November 19, 2003, KRC, hereby, intimates
it's existing and prospective Clients that KRC executes trades, in its proprietary account.
37
28. RISK PROFILING OF THE CLIENT
KRC will based on its risk management policy give exposure, equivalent to a pre-determined multiple/
times of the net credit balance in the ledgers (across all segments ), the value collaterals given by the
Client (after applying appropriate hair cut), track record of the Client, market conditions and./or regulatory
directives and thus may vary from Client to Client. KRC reserves the right not to allow transactions in
respect of certain Securities or Segments or orders/requests below and above certain value/quantity, as
may be notified by KRC from time to time.
29. RISK MANAGEMENT POLICY
All the Client trades will be as per the Risk Management Policy, including but not limited to, exposure
available to the Clients, collaterals accepted and its valuation after appropriate haircuts, square offs,
applicable margins and payment of same, restriction in trading in certain stocks, etc. Summary of the risk
management policy is enclosed along with this registration kit. Summary of the risk management policy
shall me made available on KRC's website and or on specific request made by the Client in writing to the
Head office of KRC.
30. RESEARCH REPORT
In case the Client receives any research reports and/or updates from KRC, the recommendations given
by the Research team of KRC are based on technical and fundamental analysis of the securities /sector/
market and Client will take its own investment decisions, whether they are on the basis of these
recommendatory calls/reports or not
The Client acknowledges that, KRC shall not be liable to provide him with any legal, tax, investment or
accounting advice or advice regarding the suitability or profitability of a security or investment.
The Client also acknowledges that KRC's employees are not authorized to give any such advice and that
the Client will not solicit or rely upon any such advice from the KRC or any of its employees.
The Client agrees that in the event of KRC or any employee or official of KRC providing any information,
recommendation or advice to the Client, the Client may act upon the same at the sole risk and cost of the
Client and KRC shall not be liable or responsible for the same.
The Client assumes full responsibility with respect to his investment decisions and transactions.
KRC, its officers, directors, partners, employees, agents and affiliates will have no liability with respect to
any investment decisions or transactions of the Client.
31. CHARGES PAYABLE
KRC will automatically debit from the Client's ledger the following charges for services availed by the
Client:
a) Trading /DP Account Opening charges
b) Delayed Payment Charges @........%, compounded on a daily basis, on the outstanding debit
balance, in case the Client fails to settle the transaction within T+2 day.
c) Arbitration and Legal Expenses in case of any disputes to be settled with the Client
d) Cheque Bouncing Charges, as levied by the respective banks, in case of any cheques, issued by
the Client to KRC, bounces, including the legal expenses incurred towards cheque bouncing case.
e) Other Charges.
The Client agrees to pay KRC brokerage, fees, service tax and other taxes and transaction expenses as
they exist from time to time and as they apply to the Client's account and transactions, and the services
that he receives from KRC.
A schedule of brokerage, fees, applicable service and other taxes and other transaction expenses shall be
provided by the KRC to the Client from time to time upon request by the Client.
32. TRADING IN PHYSICAL SEGMENT
In case the Client wishes to buys/sell shares, which are settled in physical form, Client agrees to follow
38
the procedure prescribed by KRC for taking/giving delivery of such shares, further delivery of such shares
from/to the exchange shall be at the Client's sole risk. The Client has to ensure that for sale transaction, the
shares are physically delivered to the office(s) of KRC at the risk of the Client. KRC shall not be held responsible
for any theft or loss of such physical shares, in transit and KRC will be indemnified by the Client towards any
consequential loss/damage. Additionally, if any of such physically settled shares, purchased or sold by the
Client, results in Bad Delivery, KRC shall not responsible for the same and the Client shall indemnify KRC
from any consequential loss and/or damages.
33. TELE TRADING FACILITY
KRC offers the facility of Tele-Trading, whereby the Client can call specific telephone numbers and place the
orders. In case the Client wishes to avail this facility, the same will be subject to the following:
1. The Client shall inform, in writing, its consent to avail this facility
2. In case of corporate Client, the Client shall intimate, in writing, the names of persons who will place
orders on behalf of the Clients
3. There will be two-level authorization, before the Client is allowed to place the orders. KRC may also
seek additional information from the Clients before allowing the Clients to place order through this
facility
4. All orders have to be placed during market hours only.
5. The Client has to maintain a bank account, with banks specified by KRC.
6. The Client shall maintain such computer hardware/software which is compatible with the hardware/
software of KRC.
7. The orders will be executed only if KRC is convinced about the identity of the Client.
8. The Client will be provided with a User Identification Number and Password only with which the
Client can place the order through this facility.
9. The Client should change the password immediately on receipt of the same as per the procedure
prescribed by KRC.
10. It is the responsibility of the Client to ensure that the User Identification Number and password are
kept confidential and not misused by anybody.
11. All orders placed using this facility, after the verification process, shall be deemed to have been
placed by the Client.
12. The Client should give all the relevant details, while placing the order, as sought by KRC, without any
ambiguity.
13. KRC might record the conversations with the Client who uses this facility for placing the order and
the Client agrees for such recording.
14. The Client shall not disown any transactions, placed using this facility, for any reasons, including
but not limited to misuse of User Identification Number and password. The Client shall not hold
KRC responsible for any direct and / or consequential loss/damage and shall indemnify KRC
from the same.
15. KRC reserves the right to change the telephone numbers, from time to time, and KRC will make
reasonable efforts to intimate the Client about the same.
16. KRC reserves the right to withdraw this facility, at any point of time, without giving any prior notice to
the Client.
17. As proof of acceptance of the transaction, KRC shall provide either the recording of the conversation
or the electronic log generated by the system which the Client accepts as authentic and conclusive
evidence. The Client shall not dispute the same.
The Client agrees to comply with the additional clauses, annexed to this Agreement to avail additional trading
facilities.
39
Date: ____________________
Name :________________________________________
Client Code: _____________________________________
E-mail: _________________________________________
To,
Mumbai
Dear Sirs,
Sub.: Confirmation of Receipt of executed documents.
With reference to my registration as Client with you for National Stock Exchange of India Limited (NSE)/
Bombay Stock Exchange Limited (BSE) in Cash Market, Derivative Segment, Currency Segment, I hereby
confirm that I have received copies of the following executed documents:
1. Copy of Member Client Agreement of NSE, BSE
2. Copy of Know Your Clients Form (KYC).
3. Risk Disclosure Documents (RDD).
4. Running Account Letter
5. Policies and Procedures
6. All other executed documents.
Thanking you,
Yours faithfully,
Signature of Client ________________________________________________________________
Name of the Client ________________________________________________________________
Voluntary
CLIENT DEFAULTER DECLARATION
Date :_____________________
Mumbai
Dear Sir,
I, ______________________________________________ having PAN no. _____________________do
herby declare that I have not been involved in any terrorist activity and I have not been declared as
defaulter or my name is not appearing in defaulter database as per SEBI/ Various Exchanges/ Regulatory
bodies/CIBIL (Credit Information Bureau of India Ltd.) etc.I further declare that the above mentioned
declaration/statement is true and correct.
Thanking you,
Yours faithfully,
Signature of the Client ______________________________
Name of the Client : ________________________________
Client Code : __________________________________
VOLUNTARY
40
VOLUNTARY
RUNNING ACCOUNT AUTHORISATION
Financial Year:______________________
From:_____________________________
__________________________________
__________________________________
Date :_____________________________
To
Kisan Ratilal Chosey Shares & Securities Pvt. Ltd.
Mumbai
Dear Sir,
I am / We are regularly Trading with you for Cash & Derivative & Market in BSE/NSE. I/we hereby authorized
you to do following on my/our behalf:
1. You are requested to accept all my buy / sell orders over the telephone / fax conveyed by myself
/our selves or Mr. ___________________________________________ who is duly authorized by
me / us, and thus no need to take our orders in writing every time. All such orders and trades will
be binding on me /us.
2. I / we hereby authorize the undersigned Mr./ Ms.________________________________________
to collect & acknowledge on my /our behalf the Bills, Contract notes & statements of account & securities
for my /our transactions.
______________________________
(Signature of authorized person)
3. You can adjust any amounts receivable from me /us against any credits standing into my /our account
or from my /our forthcoming pay-outs payable to me/us.
4. Further, I/We hereby give my/our consent to maintain my/our account for fund and securities as
RUNNING ACCOUNT. The Securities lying in my lien A/c should be considered as margin deposits.
The said Running authorization is subject to revocation in writing by me at any time. I/We request
you to keep my/our Securities, Margin and funds with you to meet my/our pay in obligation in the
Succeeding settlements in the same segment as well as other segments of BSE/NSE. The actual
settlement of funds & Securities shall be done by you at Monthly/Quarterly interval. You will send
quarterly statement of Funds & Securities and I/We shall bring any discrepancy within 7 working
days from the receipt of Statements. You will transfer my funds/Securities lying with you within three
working day of the request as the case may be.
I have noted the following :-
1) This authorization must be renewed at least once a year.
2) The authorization shall be signed by me only and not by any power of attorney holder or by any
authorized person.
3) I may revoke the authorization after giving 30 working days notice in advance to KRC.
Thanking you,
Yours faithfully,
Client Code : __________________________________
41
To,
Mumbai
Dear Sir,
Sub: Sharing of Data and Information
I/we am/are holding a trading account No........................ and demat account no............................. with KRC. I/we
are availing the various financial products/facilities offered by the various business divisions of KRC. I/we am/are aware that while
availing such products/facilities, KRC is mandated to obtain information about me/us and my/our transaction.
In view of the above, we hereby authorize KRC to share the following information/documents/data, about me/us and our transactions, to
other business divisions of KRC or its affiliates/group companies which is offering the products/facilities availed by me/us:
1. Information provided by me in the Know Your Client (KYC)
2. My holdings in stocks
3. Ledger balances in my/our trading for both BSE and NSE
4. Transaction cum holding statement with KRC -DP
I /we would have no objection to KRC sharing the above information, about me to its other business divisions or group
companies or affiliates.
Yours faithfully,
_________________________________________
Name, Seal and Signature of Sole / All Holders
VOLUNTARY
To,
Kisan Ratilal Choksey Shares & Securities Pvt. Ltd.
5th Floor, Abhishek Bldg., Dalia Indu. Estate
Off-Link Road, Andheri (West) Mumbai - 400 058
Dear Sir,
Ref: Utilisation of credit balances in my ledger A/C by using the same towards investment in Liquid Bees.
I/We hereby authorise you to purchase / sell in the Benchmark Liquid Bees of Benchmark Mutual Fund or
any other similar product, if there is credit balance in my/our ledger account.
Thanking you,
Sincerely
______________________________________
Name, Seal, and signature of Sole / All holders
VOLUNTARY
42
AUTHORISATION FOR ELECTRONIC CONTRACT NOTE
Date :_____________________
Mumbai
Dear Sir,
I/We have been/shall be dealing through you as our broker on the Capital Market and/or Futures & Options
Segments. As my/our broker i.e. agent I/We direct and authorize you to carry out trading/dealings on my/
our behalf as per instructions given below.
I/We understand that, I/We have the option to receive the contract notes in physical form or electronic form.
In pursuance of the same, I/We hereby opt for receipt of contract notes in electronic form. I/We understand
that for the above purpose, you are required to take from the client "an appropriate email account" for you
to send the electronic contract notes. Accordingly, please take the following email account(s)/email id on
your record for sending the contract notes to me/us.
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I/We also agree that non-receipt of bounced mail notification by you shall amount to delivery at my/our
email account(s)/ email id(s).
I/We agree not to hold you responsible for late/non-receipt of contract notes sent in electronic form and
any other communication for any reason including but not limited to failure of email services, loss of
connectivity, email in transit etc.
I/We agree that the log reports of your dispatching software shall be a conclusive proof of dispatch of
contract notes to me/us and such dispatch shall be deemed to mean receipt by me/us and shall not be
disputed by me/us on account of any nonreceipt/ delayed receipt for nay reason whatsoever.
I/We understand that I am required to intimate any change in the email id/email account mentioned herein
above needs to be communicated by me through a physical letter to you.
Thanking you
Yours faithfully
Client Code : __________________________________
VOLUNTARY
Declaration under FEMA(for NRI A/c.)
To,
DepositoryParticipant,
Kisan Ratilal Choksey Shares & Securities Pvt. Ltd.
5th Floor, Abhishek Bldg., Dalia Indu. Estate
Off-Link Road, Andheri (West) Mumbai - 400 058
I/We hereby declare that the particulars given by me/us are true and to the best of my/our knowledge. I/We
udnertake to inform you that I/We have complied all the rules & regulations of FEMA (Foreign Exchange
Management Act) and would continue to comply the same in the future for the investments in Indian stock
market.
Yours truly
Name & Signature 1st Holder ______________________________________
Name & Signature 2nd Holder ______________________________________
Name & Signature 3rd Holder ______________________________________
Place : Date :
MANDATORY
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DP - BO AGREEMENT
This Agreement (hereinafter referred to as "Agreement") is entered into at ______________ on this ____ day of ___________
20__, by and between M/s. Kisan Ratilal Choksey Shares and Securities Pvt. Ltd. ,a body corporate, registered/
incorporated under the provisions of the Companies Act, 1956, being a Depositary Participant of Central Depositary
Services(India) Limited (hereinafter called "CDSL"), and having its registered office at 1102, Stock Exchange Tower,
Dalal Street, Mumbai - 400 001, (hereinafter called "Depositary Participant" "DP" or KRC) which expression shall, unless
repugnant to the context or meaning thereof, be deemed to mean and include himself in the capacity of a trading member
while trading in the derivatives segment, his/her heirs, executors, administrators and legal representatives/the partners for
the time being of the said firm, the survivor or survivors of them and their respective heirs, executors, administrators and
legal representatives/its successors, as the case may be, of the One Part;
AND
Mr./Mrs./Ms1).........................................................................................................,
2).............................................................................................................................................................................................
3)................................................................................................................................................................................................
son/daughter/wi fe of . And resi di ng at
(Hereinafter
referred to as "the Client" which expression shall include, unless repugnant to or inconsistent with the subject or context
thereof, its heirs, executors, administrators), of the other part
(Or)
Ms..............................................................................., a corporate body
M/s............................................... and having place of business and or residing
at .. (Hereinafter
referred to as "the Client" which expression shall include, unless repugnant to or inconsistent with the subject or context
thereof, its heirs, executors, administrators), of the other part
(Or)
M/s..., a HUF with Mr./Ms.
as its Karta and having its office at .....................................................................................................
(Hereinafter referred to as "the Client" which expression shall include,
unless repugnant to or inconsistent with the subject or context thereof, the existing Karta of the firm, heirs, executors and
administrators) of the other part
The Beneficial Owner is desirous of opening a beneficial owner's account with the Participant and the Participant has
agreed to open an accounting the name of the Beneficial Owner and render services to the Beneficial Owner as a participant,
on the terms and conditions recorded herein below:
NOW THIS AGREEMENT WITNESSTH AND IT IS HEREBY AGREED BY AND BETWEEN THE PARTIES HERETO AS
FOLLOWS:
General Clause
1. The parties hereto agree to abide by the provisions of the Depositories Act, 1996, SEBI (Depositories and Participants)
Regulations, 1996, Bye Laws and Operating Instructions issued by CDSL from time to time in the same manner and to the
same extent as if the same were set out herein and formed part of this Agreement.
Fees, Charges and deposits
2. The Participant shall be entitled to change or revise the fees, charges or deposits from time to time provided however
that no increase therein shall be effected by the Participant unless the Participant shall have given at least one months
notice in writing to the Beneficial Owner in that behalf. In case the Beneficial Owner committing a default in the payment of
any such amount payable to the Participant on their respective due dates or within fifteen days of the same being demanded
(where no such due date is specified), the Participant shall be entitled to charge interest on the amount remaining outstanding
or unpaid not exceeding 18% per annum or part thereof. On such continued default, the Participant after giving two days
notice to the Beneficial Owner shall have a right to stop processing of instructions of Beneficial Owners till such time he
makes the payment along with interest if any.
Statement of Account
3.1 The Participant shall furnish to the Beneficial Owner a statement of his/its account at the end of every month if there has
been even a single entry or transaction during that month, and in any event once at the end of each quarter. The statement
of accounts to be provided to the Beneficial Owner under this Agreement shall be in the form specified in Operating
Instructions or as communicated by CDSL from time to time. The Participant shall furnish such statements at such shorter
periods as may be required by the Beneficial Owner on payment of such charges by the Beneficial Owner as may be
specified by the Participant.
3.2 It is agreed that if a Participant is providing the services of issuing the statement of accounts in an electronic mode and
if the Beneficial Owner is desirous of availing such services from the Participant, then the Participant will furnish to the
Beneficial Owner the statement of accounts under its digital signature, as governed under the Information Technology Act,
2000. Provided however that in the event of the Beneficial Owner requiring a physical copy of the statement of accounts,
despite receiving the same in the electronic mode, then irrespective of having forwarded the same via electronic mode, the
Participant shall be obliged to provide a physical copy thereof to the BO.
3.3 It is agreed and understood between the parties that if the Participant does not have the facility of providing the statement
of account in the electronic mode, then the Participant shall be obliged to forward the statement of account only in physical
form.
Beneficial Owner shall intimate change of particulars
4. The Participant shall not be liable or responsible for any loss that may be caused to the Beneficial Owner by reason of
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his/its failure to intimate change in the particulars furnished to the Participant from time to time, unless notified by the Beneficial Owner.
Depository not liable for claims against Beneficial Owner
5. CDSL shall not be liable to the Beneficial Owner in any manner towards losses, liabilities and/or expenses arising from the claims of third
parties or for any fees, charges, taxes, duties, levies or penalties levied, imposed or demanded by any Central, State, statutory or revenue
authority in respect of securities credited to the Beneficial Owners account.
Authorised Representative
6. Where the Beneficial Owner is a body corporate or a legal entity, it shall, simultaneously with the execution of the Agreement furnish to the
Participant, a list of officials authorized by it, who shall represent and interact on its behalf with the Participant. Any change in such list including
additions, deletions or alterations thereto shall be forthwith communicated to the Participant.
Closure of Account
7. The Beneficial Owner, may, at any time terminate this Agreement by calling upon the Participant to close his/its account with the Participant
in the manner and on the terms and conditions set out in the Bye Laws and the procedure laid down in the Operating Instructions. In the event
of termination of this Agreement the Beneficial Owner shall either get the securities transferred to some other account or get the same
rematerialised.
Stamp Duty
8. Any stamp duty (including interest or penalty levied thereon) payable on the Agreement and/or on any deed, document or writing executed
in pursuance hereof between the parties hereto shall be borne and paid by the Beneficial Owner.
Force Majeure
9. Notwithstanding anything contained herein or in the Bye Laws, neither party hereto shall be liable to indemnify or compensate the other for
any breach, non-performance or delay in performance of any obligations under the Agreement or for any harm, loss, damage or injury caused
to the other due to causes reasonably beyond its control including but not limited to tide, storm, cyclone, flood, lightning, earthquake, fire, blast,
explosion or any other act of God, war, rebellion, revolution, insurrection, embargo or sanction, blockade, riot, civil commotion, labour action or
unrest including strike, lock-out or boycott, interruption or failure of any utility service, enemy action, criminal conspiracy, act of terrorism or
vandalism, sabotage, or intrusion, or any other irresistible force or compulsion.
Service of Notice
10. Any notice or communication required to be given under the Agreement shall not be binding unless the same is in writing and shall have
been served by delivering the same at the address set out hereinabove against a written acknowledgement of receipt thereof or by sending the
same by pre-paid registered post at the aforesaid address or transmitting the same by facsimile transmission, electronic mail or electronic data
transfer at number or address that shall have been previously specified by the party to be notified. Notice given by personal delivery shall be
deemed to be given at the time of delivery. Notice given by post in accordance with this clause shall be deemed to be given at the commencement
of business of the recipient of the notice on the third working day next following its posting. Notice sent by facsimile transmission, electronic mail
or electronic data transfer shall be deemed to be given at the time of its actual transmission.
Arbitration
11. The parties hereto shall, in respect of all disputes and differences that may arise between them, abide by the provisions relating to arbitration
and conciliation specified under the Bye Laws.
Jurisdiction
12. The parties hereto agree to submit to the exclusive jurisdiction of the courts in Mumbai.
Governing Law
13. The Agreement shall be governed by and construed in accordance with the laws in force in India.
IN WITNESS WHEREOF the parties hereto have hereunto set and subscribed their respective hands/seals to this Agreement in
duplicate on the day, month, year and place first hereinabove mentioned.
Name
Address
Signature
Name
Address
Signature
Director/Authorized Signatory Name, Seal and Signature of all/Sole holder(s)
Witness of Kisan Ratilal Choksey Shares and Securities Pvt. Ltd. Witness of the Client
1st Holder
2nd Holder
3rd Holder
45
Terms And Conditions-cum-Registration / Modification Form for receiving SMS Alerts from CDSL
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. '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.
4. SMS means "Short Messaging Service"
5. "Alerts" means a customized SMS sent to the BO over the said mobile phone number.
6. "Service Provider" means a cellular service provider(s) with whom the depository has entered / will be entering into an arrangement for
providing the SMS alerts to the BO.
7. "Service" means the service of providing SMS alerts to the BO on best effort basis as per these terms and conditions.
Availability:
1. The service will be provided to the BO at his / her request and at the discretion of the depository. The service will be available to those
accountholders 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 without issuing any prior notice for the purpose of security reasons or system maintenance or for such other
reasons as may be 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.
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 ongoing 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 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. 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 non-availability of the service in
any manner whatsoever.
9. If the BO finds that the information such as mobile number etc., has been changed with out proper authorization, the BO should immediately
inform the DP in writing.
46
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.
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 take up 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.
I/We provide the following information for the purpose of REGISTRATION / MODIFICATION (Please cancel out what is not applicable).
BOID
(Please write your 8 digit DPID) (Please write your 8 digit Client ID)
Sole / First Holder's Name : ________________________________________________________________________________________
Second Holder's Name : ______________________________________________________________________________________
Third Holder's Name : _______________________________________________________________________________________
Mobile Number on which messages are to be sent +91
(Please write only the mobile number without prefixing country code or zero)
The mobile number is registered in the name of: _________________________________________________________________________
Email ID: _________________________________________________________________________________________________________
(Please write only ONE valid email ID on which communication; if any, is to be sent)
_______________________ ______________________ __________________________
Seal & Signatures Sole / First Holder Second holder Third Holder
Place: _______________ Date: _______________
47
POWER OF ATTORNEY
TO ALL TO WHOM THESE PRESENT THAT, I/We, (1)_____________________________________________________
(2)___________________________________________________(3)___________________________________________________
residing at/ having its registered office at ____________________________________________________________________
_____________________________________________________________________________________________________
_____________________________________________________________________________________________________
Whereas I/we hold beneficial owner account number 12010700_________________________with Central Depository Services
(India) Limited (CDSL) through KISAN RATILAL CHOKSEY SHARES & SECURITIES PVT. LTD registered with Securities and
Exchange Board of India (SEBI) bearing Registration No. IN-DP-CDSL-07-99 / bearing DP ID And Whereas I/ we am/ are
investor engaged in buying and selling securities through KISAN RATILAL CHOKSEY SHARES & SECURITIES PVT. LTD.
who is a stock broker registered with SEBI and a member of BOMBAY STOCK EXCHANGE LIMITED bearing SEBI registration
No. INB 10975834 & a member of NATIONAL STOCK EXCHANGE OF INDIA LIMITED bearing SEBI registration No. INB
230975832
And Whereas due to exigency and paucity of time I/ we am/ are desirous of appointing KISAN RATILAL CHOKSEY SHARES
& SECURITIES PVT. LTD. as my/our Constituted attorney to operate my / our beneficial owner account on my/ our behalf for
a limited purpose in the manner hereinafter appearing and subject to conditions as provided herein. Now know you all and these
presents witness that I/ we do hereby nominate, constitute and appoint KISAN RATILAL CHOKSEY SHARES & SECURITIES
PVT. LTD (hereinafter referred to as "the stock broker") as my true and lawful Attorney and authorize it to perform the following
functions on my behalf:
i. To transfer securities held in my/our aforementioned beneficial owner account(s) or any other account informed by me in
writing to the stock broker from time to time to the demat account Nos. BSE PRINCIPAL Account No. 1201070000000384,
BSE POOL Account No. 1201070000000399, BSE Early Payin Account No.1100001000012583, NSE POOL Account NO
1201070000010863 and NSE Early Payin Account No. 1100001100016297, of the stock broker maintained for the purpose
of settlement of trades and margin obligations arising out of trades executed by me/us on any recognized stock exchange
through the stock broker. However, the said power will be restricted to only transfer of securities to the Clearing Member ID
allotted to the stock broker by any existing (BSE Clearing Member ID No. 385 and NSE Clearing Member ID No. M50041,
NSE BROKER ID 09758) or future exchange that the stock broker has joined/ will join as a member or to any Demat
accounts linked to the said Clearing Member ID provided that I/we have executed a Client Member Agreement with the
stock broker for such exchanges.
ii. To return to me/us, the securities that may have been received by the stock broker erroneously or those securities that the
stock broker was not entitled to receive from me
iii. To send consolidated summary of my/our scrip-wise buy and sell positions taken with average rates to Me / us by way of
SMS / email / physical on a daily basis, notwithstanding any other document to be disseminated as specified by SEBI from
time to time.
iv. To pledge the securities in favor of KISAN RATILAL CHOKSEY SHARES & SECURITIES PVT. LTD. or any other party/
financer that member broker has tied up with for the limited purpose of meeting my/our margin requirements in connection
with the trades executed by me / us on the exchanges through the member Broker.
I/We ratify the instructions given by the aforesaid stock broker to the depository participant named hereinabove in the manner
specified herein.
I/We further agree and confirm that the powers and authorities conferred by this Power of Attorney shall continue until it is
revoked (without notice) in writing by me and that the said revocation shall be effective from the date on which the revocation
notice is received by the stock broker in his office at 1102, Stock Exchange Tower, Dalal Street,fort, Mumbai- 400 001.
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SIGNED AND DELIVERED by the withinnamed
Beneficial Owner /Bank Account Holders )
Name [1] _________________________________________________ ) ____________________________________________________
Name [2] _________________________________________________ ) ____________________________________________________
Name [3] _________________________________________________ ) ____________________________________________________
(Client ) in the presence of Witness for BO; )
Name [1] ___________________________________________________ ) ____________________________________________________
Name [2] ___________________________________________________ ) ____________________________________________________
We accept
For Kisan Ratilal Choksey Shares and Securities Pvt. Ltd..
Director / Authorised Signatory
1102, Stock Exchange Tower, Dalal Street, Fort, Mumbai - 400 001.
Place : MUMBAI.
Date : ___________________
49
Terms And Conditions-cum-Registration / Modification Form for receiving SMS Alerts from KRC
Availability:
1. The service will be provided to the Client at its request and at the discretion of KRC. The service will be available to those Clients who have
provided their mobile numbers to KRC in the Client Registration form. The services may be discontinued for a specific period / indefinite
period, with or without issuing any prior notice for the purpose of security reasons or system maintenance or for such other reasons as may
be warranted. The KRC may also discontinue the service at any time without giving prior notice for any reason whatsoever.
2. The service is currently available to all the Clients ( who are residing in India)
3. The alerts will be provided to the Clients 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 (applicable for DP and IPO and Mutual funds Clients only) 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 Client is responsible for promptly intimating to KRC in the prescribed manner any change in mobile number, or loss of handset, on
which the Client wants to receive the alerts from KRC. In case of change in mobile number not intimated to KRC, the SMS alerts will
continue to be sent to the last registered mobile phone number. The Client agrees to indemnify the KRC for any loss or damage suffered by
it on account of SMS alerts sent on such mobile number.
Receiving Alerts:
1. KRC shall send the alerts to the mobile phone number provided by the Client while registering for the service or to any such number
replaced and informed by the Client from time to time. Upon such registration / change, KRC shall make every effort to update the change
in mobile number within a reasonable period of time. KRC shall not be responsible for any event of delay or loss of message in this regard.
2. The Client 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 Client may not get / get after delay any alerts sent during such period.
3. The Client also acknowledges that the readability, accuracy and timeliness of providing the service depend on many factors including the
infrastructure, connectivity of the service provider. KRC shall not be responsible for any non-delivery, delayed delivery or distortion of the
alert in any way whatsoever.
4. The Client further acknowledges that the service provided to him is an additional facility provided for its convenience and is susceptible to
error, omission and/ or inaccuracy. In case the Client observes any error in the information provided in the alert, the Client shall inform KRC
immediately in writing and KRC will make best possible efforts to rectify the error as early as possible. The Client shall not hold KRC liable
for any loss, damages, etc. that may be incurred/ suffered by the Client on account of opting to avail SMS alerts facility.
5. The Client authorizes KRC to send any message such as promotional, greeting or any other message that KRC may consider appropriate,
to the Client. The Client agrees to an ongoing confirmation for use of name, email address and mobile number for marketing offers between
KRC and any other entity.
6. The information sent as an alert on the mobile phone number shall be deemed to have been received by the Client and the KRC shall not
be under any obligation to confirm the authenticity of the person(s) receiving the alert.
7. The KRC will make best efforts to provide the service. The Client cannot hold the KRC liable for non-availability of the service in any manner
whatsoever.
Disclaimer:
KRC shall make reasonable efforts to ensure that the Client's personal information is kept confidential. KRC does not warranty the confidentiality
or security of the SMS alerts transmitted through a service provider. Further, KRC 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 Client or by any person resulting from or in connection with availing of SMS alerts facility. KRC gives no warranty with respect to the quality
of the service provided by the service provider. KRC 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:
KRC 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 Client. In consideration of KRC providing the service, the Client agrees to indemnify and keep safe, harmless and
indemnified KRC and its officials from any damages, claims, demands, proceedings, loss, cost, charges and expenses whatsoever which a
KRC 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 Client.
Amendments:
KRC may amend the terms and conditions at any time with or without giving any prior notice to the Client. Any such amendments shall be
binding on the Client 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.
I/We wish to avail the SMS Alerts facility provided by KRC on my/our mobile number provided in the registration form subject to the terms and
conditions mentioned below. I/ We consent to KRC 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
KRC from time to time. I/ we further undertake to pay fee/ charges as may be levied by KRC from time to time.
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 KRC for
providing the service.
The information provided by me/us on page 56 would be also considered for the purpose of this REGISTRATION
Name, Seal & Signature of Client
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To Kisan Ratilal Choksey Shares and Securities Pvt. Ltd.
Mumbai
Sub: Terms and conditions for the Services availed by the Client
I/We have applied for opening an account with KRC Broking Private Limited to avail the trading facilities of NSE and BSE and agree to the
following terms and conditions for availing the facilities provided by KRC in accordance to the applicable Rules, Regulations of the Exchanges/
SEBI and any other regulatory authority.
1. PLEDGE OF SECURITIES
KRC can pledge the shares, given by the Client as Initial Margin or shares of the Client lying with KRC (pursuant to availing the running account
facility), with the Stock Exchange for obtaining exposures for future transactions of the Client. KRC, may pledge such shares, in advance with
the Exchange, so as to provide exposure to the Client as and when required without any inconvenience. The Client agrees and authoriszes the
same.
2. INTERNAL AUCTIONS
Due to internal shortages, KRC might not be in a position to deliver the shares purchased by the Client. In such circumstances close out credits,
for the undelivered Shares, will be given to the Client as per the internal formula prescribed by KRC from time to time. The Client understands
and agrees to the same. The Client undertakes that it will not hold KRC responsible for any loss/damages arising out of the same.
Similarly, if the Client fails to deliver shares against its sale transactions, the appropriate amount will be debited to the Client's ledger as close
out debits as per the auction close out formula decided by KRC from time to time. The Client understands and agrees to the same. The Client
undertakes that he will not hold KRC responsible for any loss/damage arising out of the same.
The Client agrees to get in touch with the concerned branch of KRC to keep himself updated on such internal auction formula.
3. TRADING THROUGH KRC
KRC reserves the right to refuse execution of trades, that may be viewed by KRC as manipulative trades and/or price manipulation and/or
artificial trades and/or fraudulent trades by concerned Regulators.
Further the Client shall not deal, in its trading account, on behalf of other Clients i.e. the Client shall not act as unregistered sub broker.
4. INTERNET TRADING
The Client understands that if it avails the Internet trading services from KRC the following additional conditions would be applicable
KRC or the concerned bank will modify and / or add and / or upgrade from time to time the software / hardware / operating systems etc, which
are required for proper functioning of the internet trading that, would be available through the internet trading software and trading platform and
this also includes the Electronic Payment Gateway for Net Banking Software. Thereafter, KRC might not be in a position to support particular
software provided by the bank for the facility of Electronic Payment Gateway, KRC reserves the right to dis-continue offering internet trading
facility to the Clients or offer the Electronic Payment Gateway facility through a particular bank. The Client agrees to the same and undertakes
not to hold KRC responsible for any loss / damage arising out of the same.
KRC shall provide the relevant electronic logs available by way of system audit trail as a conclusive proof of transactions executed by the Client
through the KRC's internet trading facility.
Any requests made by the Client for processing / effecting any transactions should be actually received by KRC, even though the Client must
have forwarded the same from its end. The Client agrees and undertakes that he will not KRC responsible for non - receipt of such instructions
by KRC.
5. COMMMUNICATIONS
The Client understands that KRC shall send all communications/documents, to the Client through courier/post. Dispatch proof given by the
postal agency / courier company shall be construed as sufficient proof that the communication/document has been sent to the Client. Alternatively
KRC may also send communications on the email ID given by the Client in the Client Registration form. All communications/documents, through
courier or email, shall be deemed to have been delivered if the same is not received back by KRC as undelivered. Any objection, by the Client,
on the contents of the communication/documents should be brought to the notice of KRC, within 7 days of receipt of such communication/
documents (and 30 days in case of Ledger Balance confirmation, stock positions and demat transactions). If no communication is received,
within 24 hours, it will be construed that the Client has no objection in the contents of the communication/documents and shall not raise any
objection at a later date on the same.
Additionally KRC shall make all reasonable efforts to inform the Client on information like corporate announcements, open positions, securities
holding position securities receivable/deliverable, margin requirements, squaring off process, new/change in exposure policy risk management
policy, change in contact numbers of KRC etc.
KRC shall send all legal notices, to the Client, through registered post, at the address of the Client available in the Client database maintained
by KRC.
6. ISSUANCE OF CONTRACT NOTES
KRC will dispatch the contract notes through courier/post, at the address available in the Client database maintained by KRC. The proof of
dispatch given by the post / courier company shall be construed as sufficient proof of dispatch of contract notes.
For Clients, who have opted for electronic contract notes, the electronic log, generated by the system, subsequent to the dispatch of the
electronic contract notes on the email ID of the Client, shall be construed as sufficient proof of dispatch of contract notes. Further the additional
terms for issuance of Digital /Electronic Contract Notes is as follows
1. The Digital Contract Notes will be issued in digital form in compliance with the guidelines issued by SEBI/ Exchanges from time to time.
2. Digital Contract Notes will be mailed to the e - mail address _______________________________________________________.
3. Digital Contract Notes will also be available at URL: https://www.krchoksey.com in wealth taker for and upto 15 days of trade date.
4. Clients can view the digital contract notes on URL by using the username and password.
5. The client agrees and confirms that non-receipt of bounced mail notification by the member shall amount to delivery of the contract note
at the e-mail ID of the client.
6. In case e-mail bounces for whatsoever reason, Contract Notes will be issued in physical form, which shall be binding on the client.
7. Discrepancies if any should be sent to the branch or e-mailed to customercare@krchoksey.com within 3 working days of issuance of
Digital Contract Notes.
8. RECORDING OF CONVERSATION
KRC may at its discretion record the conversations of the Client with any staff of KRC by means of electronic media. KRC may produce such
recorded conversation in case of any dispute. The Client agrees and accepts the same.
I hereby accept and agree to abide by the terms and conditions stated above and in case I/we wish to withdraw any or all the facilities I/we shall
inform KRC in writing atleast 10 working days in advance from the date of withdrawal.
For
51
Mumbai
Dear Sir/Madam
I ________________________________________________________, sole proprietor having applied for opening the securities trading account
with KRC in the name and style of _________________________
I agree that I am aware that under the applicable depository regulations as on date beneficiary account cannot be opened in the trade name of
a sole proprietorship and therefore I have given the beneficiary account number ______________ DP ID_____________________ and its
relevant supporting proof in the client registration form and stated the same in the Know Your Client which is my own name.
Further, I agree and authorize KRC, pursuant to the trading obligations executed by me under my sole proprietorship, transfer all obligations for
the shares purchased and or sold to my default beneficiary account mentioned in the Client Registration form and as mentioned in the Know
Your Client and the transfers made to and from this account would discharge KRC of transfer obligations as and when I operate my trading
account.
Further, I would be solely liable in my personal capacity for operating the trading account opened with you under my sole proprietorship and
would also ensure that the transactions under such trading account get incorporated while filling my income tax returns. I would also keep you
informed in writing if there is change in the constitution of the sole proprietorship.
Further, if the above declaration if not complied, I would solely responsible for the consequences, which could lead to closing of my trading
account and such penal and disciplinary action as KRC may decide.
For
Name, Signature & Stamp of proprietor
Format of Declaration by the sole proprietor on the letterhead of the proprietory firm
ANNEXURE-2
Mumbai
Dear Sir / Madam,
I _________________________________________________________hereby request you to open the account with you in the name of the
___________________________________ H.U.F.
Being karta of the above mentioned H.U.F., I hereby declare that the following names and particulars of the family members as stated in this
declaration as on the date of signing the client registration form to open the trading account with KRC is true and correct.
The above list if when updated due to birth and or details of the members declared under the H.U.F would be informed by me in writing, which
I agree would be by means of submitted a revised list and indicating the changes made as and when compared to the last submission made.
I agree that any false/misleading information given by me or suppression of any material information will render by my account for suspension
further I and/or H.U.F. would liable for the consequential actions which would be at the sole discretion of KRC.
Thanking you,
Name and signature of Karta
Name and seal of HUF
Sr. No. Name of the family members Relationship Date of birth Gender Signature
Format of HUF Declaration ANNEXURE-3
52
GLOSSARY
In this Client registration form, unless the context so requires, the following terms shall have the following meaning:
Affiliate in relation to KRC shall include any company, body corporate, firm, individual or other person to whom or which it is an affiliated or to
whom or which in any manner it is associated with or related to KRC or any director, shareholder or employee of KRC or any holding company
or subsidiary of KRC or any company under common control as KRC. Also it includes all individual and non individuals who are associated to
KRC as its registered sub-brokers and or authorized persons and branches.
Alerts means a customized SMS sent to the Client over the said mobile phone number.
Applicable Laws means any statute, regulation, byelaws, rules,notification, circular, ordinance, requirement, direction, guideline, announcement
or other action or requirement of an Authority.
Authority means any government trade agency, department, agency or instrumentality of any government, bodies, regulatory authorities, any
court or arbitral tribunal and the governing body of any securities exchange or other securities self-regulatory body.
Bank Account means one or more savings and / or current accounts opened or assigned for the purpose of availing Services by the Client
pursuant to this Agreement.
BO or Beneficial Owner means an entity that has opened a demat account with the depository through a DP. The term covers all types of
demat accounts, which can be opened with a depository as specified by the depository from time to time.
BSE means Bombay Stock Exchange Limited.
Bye-law unless the context indicated otherwise, means all bye-laws pre laws prescribed by SEBI/NSE/BSE/NSDL/CDSL/RBI and other relevant
authorities, regulating trading operations on the Exchanges or otherwise and all other bye-laws made under the relevant laws governing the
same.
CDSL means Central Depository Services (India) Limited.
KRC's Website means such website as may be hosted by KRC for access through the internet, through which KRC offers Services or may offer
Services in the future.
KRC's ITORS System or KRC's ITORS WebSite means the web site hosted by the Trading Member on the internet through which the Trading
Member offers the ITORS Service and includes the hardware and software used for hosting and supporting the WebSite.
Circulars includes all circulars, directives, communiqus etc. issued by SEBI/NSDE/BSE/NSDL/CDSL and other relevant authorities, regulating
any of the services proposed to be provided from time to time.
Customer or User Identification Number means any numerical combinations for the purpose of Client identification and authentication and to
access KRC's Services.
Depository means Central Depository Services (India) Limited a company incorporated in India under the Companies Act 1956 and all its
branch offices and includes its successors and assigns or National Securities Depository Limited a company incorporated in India under the
Companies Act 1956 and all its branch offices and includes its successors and assigns
Depository Participant means the depository participant with which KRC offers Services or wishes to offer in future.
Demat account means a depositary account (holding securities in electronic form) opened by the Client with SEBI registered depositary
participant.
Exchange Provisions means the Rules, Bye-laws, Regulations, Business Requirement, Specifications, handbooks, notices, circulars and
resolutions of the Exchange or any segment of the Exchange in force from time to time and includes the Minimum Requirements Handbook for
Internet Trading Through Order Routing System prescribed by the Exchange, as amended from time to time.
Government notifications, all notifications, circulars, directives, communiqus issued by government of authorities relating to any of the
services proposed to be provided from time to time.
Internet Trading means KRC's Internet Based Trading which has been approved by the Stock Exchanges.
ITORS means Internet based Trading Through Order Routing System, being a system approved by the Exchange for enabling clients to route
their orders to their Trading Member/s over the internet.
ITORS Account Application means the application submitted by the Client to the Trading Member to permit the Client to avail of the Trading
Member's ITORS Service.
ITORS Service means the service offered by the Trading Member to its clients through ITORS whereunder the clients can route their orders for
purchase, sale and other dealings in securities through the Trading Member's ITORS System.
NSE means National Stock Exchange of India Limited.
Order Routing System means and includes inter alia all activities pertaining to order management like, capturing of an order, validation,
routing of the order to the Exchange, order cancellation, order confirmation, order modifications and other related activities.
Password means any password used by the client for the purpose of Client identification and authentication and to access KRC's Website/
System and/or Services as the case may be password shall include second level and/or transaction level passwords as well. Such Password
would be required to meet such requirement as may be stipulated by the Exchange and/or KRC from time to time. For instance, such Password
may require to be compulsorily alphanumerical or be such minimum characters as may be stipulated .
Parties means KRC and the Client, and "Party" means KRC or the Client and should be construed accordingly
Purchase shall mean subscription to the units of a Mutual Fund Scheme through online services of KRC
RBI means Reserve Bank of India. Risk Management policy means the policy to provide the various services to ensure the Client accounts is
operated by the client within the framework of the various applicable laws
Regulations means all regulations prescribed by SEBI / NSE / BSE / NSDL / CDSL / RBI and other relevant authorities, regulating any of the
services proposed to be provided from time to time.
Redemption shall mean sale of the units of a Mutual Fund Scheme through online services of KRC
Rules unless the context indicates otherwise, means all rules prescribed by SEBI /NSE /BSE/ NSDL/ CDSL/RBI and other relevant authorities,
regulating any of the services proposed to be provided from time to time, trading operations on the Exchange or otherwise, and all other rules
made under the relevant laws governing the same.
Scheme, shall have the same meanings assigned to them in the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996.
53
SEBI means Securities and Exchange Board of India.
Securities includes:
(i) "securities" as defined under the Securities Contracts (Regulation) Act, 1956;
(ii) shares, scrip's, stocks, bonds, warrants, convertible and non-convertible debentures, fixed return investment, equity linked instruments,
negotiable instruments (to the extent permitted by the Regulation), deposit, units issued by the Unit Trust of India and/or by any mutual
funds, foreign currency commitments, hedged swaps and any other securities issued by any company or other body corporate, any
trust, any entity, the Central Government, any State Government or any local or statutory authority and all money rights or property that
may at any time be offered or accrue (whether by rights, bonus, redemption preference, option or otherwise) and whether in physical or
dematerialised form in respect of any of any of the foregoing or evidencing or representing rights or interest therein;, government
securities, warrants, options, futures, derivative convertible debentures, securities debt instruments, fixed return investments, equity
linked investments or other marketable securities of alike nature and or of any incorporated company or other body corporate , negotiable
instruments including usuance bills of exchange, deposits or other money markets instruments, commercial papers, certificates of
deposits, units issued by Unit trust of India and units issued by mutual funds, mortgaged backed or other backed asset securities issued
by any institution or nay body corporate cumulative convertible preference shares issued by any incorporated company , securities
issued by central government or a state government for the purpose of raising public loan and having one of the forms specified in
clause 2 of section 2 of the Public Debt Act, 1944,relief bonds saving bonds any other new forms of capital or money market instruments
that may be issued in the future by any incorporated company/firm/institution or government to reserve bank of India.
(iii) any other instruments or investments (including borrowing or lending of securities) as may be permitted by applicable law from time to
time.
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.
SMS means Short Messaging Service
Tele-Trading means trading facility provided by KRC to the Client, for which the Client will be required to call on the specific telephone numbers
notified from time to time by KRC for the said purpose in writing or in such other manner as may be determined by KRC
The Exchange means the BSE and or NSE and includes a segment of the Exchange.
User Identification (whatever name it is called) means any username used by the Client to access KRCs online services Services. Such
username would be required to meet such requirement as may be stipulated by the Exchange and/or SEBI and/or the KRC from time to time.
For instance such Username may require to be compulsorily \alpha-numerical or be such minimum characters as may be stipulated.
Username means an alphanumeric login identification used by the Client for accessing the Service.
54
ACKNOWLEDGEMENT
KISAN RATILAL CHOKSEY SHARES AND SECURITIES PVT. LTD.
For Depository Participant
Received Application No:Dated:..........................From Mr./Ms. .............................
.................................................................................................................
Along With Cheque No: Dated: Drawn On: ................
for Rs. .............................................. with the following Securities (As per Enclosed List).
Signature: ......
Name of the official: .
Branch: ......
ACKNOWLEDGEMENT
KISAN RATILAL CHOKSEY SHARES AND SECURITIES PVT. LTD.
For Stock Broking
Received Application No:Dated:..........................From Mr./Ms. .............................
.................................................................................................................
Along With Cheque No: Dated: Drawn On: ................
for Rs. .............................................. with the following Securities (As per Enclosed List).
Signature: ......
Name of the official: .
Branch: ......
(Please Tear Here)
(Please Tear Here)
55
Fort Office : 1102, Stock Exchange Tower, Dalal Street, Mumbai 400 001. INDIA.
Phone : 91- 22- 6653 5000 Fax : 91- 22- 6633 8060 E-mail : krc@vsnl.com
Andheri Office : krc Abhishek, C-5&6, 5th Floor, Dalia Industrial Estate, Link Road,
Andheri (W), Mumbai 400 058. INDIA Phone : 91 - 22 - 6696 5555 Fax : 91 - 22 - 6691 9576
CLIENT REGISTRATION KIT
DIRECT CLIENT
INDIVIDUAL PROPRIETORY FIRM HUF NRO NRE
CLIENT NAME: .........................................................................................................................................
CLIENT CODE: ............................................. BRANCH CODE: ................................................................
DP ID.: ................................................................ BO ID:.........................................................................
APPLICATION NO: AP/DIR

Direct Client & Broker Agreement

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GENERAL INSTRUCTIONS TO THE CLIENTS

Kisan Ratilal Choksey Shares and Securities Pvt. Ltd.

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GENERAL INSTRUCTIONS TO THE CLIENTS

Kisan Ratilal Choksey Shares and Securities Pvt. Ltd.

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Direct Client & Broker Agreement

Direct Client & Broker Agreement