client enrollment form - anand rathi dp-cdsl online web exe commodity ... i hereby acknowledge the...

Branch Code :

DP ID :

Visit us atwww.rathionline.com

For Assistance : 1-800 200 - 1002 / 1-800 121 - 1003

0291-309 - 1400(Local call charges)Version 09/2015

Form No. :

Client Code :

CLIENT ENROLLMENT FORM

PRODUCTS

EQUITY / F&O / CURRENCY / COMMODITY / IPO / MF / SLB

DP Annual Maintenance Charges (Tick any one)(view chargesheet for your plan)

LIFE TIME FREE AMC

AMC FROM 2ND FINANCIAL YEAR

BSDA

SARAL

DP-CDSL

ONLINE

EXEWEB

COMMODITY (MCX / NCDEX)

Anand Rathi Share and Stock Brokers Ltd.Anand Rathi Commodities Ltd.

Acknowledgment (Office Copy)

Form No. :

Account opening cheque details

Amount

Date :

Chq. No. Bank Name Date

Margin Cheque Details

Amount Chq. No. Bank Name Date

Executive Name Executive Signature

Client Signature

I hereby acknowledge the receipt of a copy of executed Client Registration Form including KYC details,Tariffsheet, Rights & Obligation Document, Risk Disclosure Document etc. (Trading/ DP)

COMMODITIES

MCX

NCDEX

CURRENCYF & OCASH

BSE

NSE

BSE

NSE

MSEI

OTHERS

MF

DP

SLB

NSE

BSE

Version 09/2015

Anand Rathi Share and Stock Brokers Ltd.Anand Rathi Commodities Ltd.

Acknowledgment (Client Copy)

Form No. :

Account opening cheque details

Amount

Date :

Chq. No. Bank Name Date

Margin Cheque Details

Amount Chq. No. Bank Name Date

Executive Name Executive Signature

COMMODITIES

MCX

NCDEX

CURRENCYF & OCASH

BSE

NSE

BSE

NSE

MSEI

OTHERS

MF

DP

SLB

NSE

BSE

For any grievance/dispute please contact Anand Rathi Share and Stock Brokers Ltd. at the above address or email id [email protected] and phone no. 022-40013700. In case not satisfied with the response, please contact the concern exchange(s) at :

Registered Office :

Opp. Bimbisar Nagar, Goregaon (E), Mumbai-400 063.Tel.: (B) : +091-022-4001 3700 (F) : +091-022-4001 3770

Website : www.rathionline.com

4th Floor, Silver Metropolis, Jai Coach Compound,

CEO :Mr. Roop Bhootra

E-mail : [email protected] : 022-4001 3700

Compliance Officer :Mr. Deepak Kedia


Processing Office :Plot No. CYB-2, Cyber Park, Heavy Industrial Area,

Near Jodhpur Dairy, Jodhpur - 342 003.Tel.: +91 291 2745400 / 7117001

Particulars BSE NSE

E-mail ID

Tel. No.

[email protected]

022-2272 8097

[email protected]

1800220058

MSEI (MCX - SX) CDSL

[email protected] [email protected]

022-6112 9000, Ext. 9028 022-2272 3333

SEBI Website : http://scores.gov.in • Toll Free : 1800227575

Version 09/2015

ANAND RATHI SHARE AND STOCK BROKERS LTD.CIN : U67120MH1991PLC064106

Segment Exchange Registration No. & Date

EQUITYBSE

NSE

INB011371557 Membership No. 949 Dated 19/03/2010

INB 230676935 Member ID 06769 Dated 16/12/1994

INF 230676935 Member ID 06769 Dated 26/07/2000

Exchange Registration 949 Dated 04/12/2013

Dated 27/08/2008

INE 260676935 Member ID - 1014 Dated 29/09/2008

IN-DP-CDSL-04-99 Dated 12/03/1999

ARN-4478

INF 010676931 Dated 02/04/2009

Membership No.

Exchange Registration Membership No. 949

F & OBSE

NSE

BSE - CDS

NSE - CDS

MSEI

CDSL

--

DP

CURRENCY

AMFI

Thi a e i nt ntilly ke t blank

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INDEX

1. Account Opening Form

2. Rights and Obligations

5. Policies and Procedures

4. Guidance note

3. Risk Disclosure Document (RDD)

6. Brokerage Tariff for Trading Account

7. DP Form

A. Instruction / check list for filing KYC Form and relevant to trading and DP account. (Equity & Commodities)

B. KYC form - Document captures the basic information about the constituent.

C. Document captures the additional information about the constituent relevant to trading account & nomination form.

Document stating the Rights & Obligations of stock broker/trading member, sub-broker and client for trading on exchanges (including additional rights & obligations in case of internet/wireless technology based trading.)

Document detailing risks associated with dealing in the securities market.

Document describing significant policies and procedures of the stock broker, PMLA

Document detailing do’s and don’ts for trading on exchange, for the education of the investors.

Document detailing the rate/amount of brokerage and other charges levied on the client for trading on the stock exchange(s).

Individual & Corporate, DP Tariff, Owner and Depository Participant

Rights and Obligations of Beneficial

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

MANDATORY DOCUMENTS AS PRESCRIBED BY SEBI & EXCHANGES

Page NoPage No

Equity Commodity

1-3

4-12

13-17

18-21

22-24

25-26

27-31

32

33-38

46-48

49-56

57-58

1-3

40-43

44-45

--

59

--

8. POA Auto Pay-In 39

1. ECN

NON MANDATORY Equity Commodity

6062

2. LOA 63

64-65

66

--

61

64

64

66

68-69

?Signature of the Client First Holder?? Signature of Second Holder

?

??

F - 1 - 34

S - 1 - 7

T - 1 - 5

?Signature of Third Holder ?

?

67

--6. Power of Attorney

5. Declaration

Version 09/2015

3. MFSS

4. HUF

ECN Consent (Equity & Commodity)

Letter of Authority

Declaration (Commodity)

Power of Attorney (POA)

Mutual Fund Service System Facility

HUF Declaration


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INSTRUCTIONS/CHECK LIST FOR FILLING KYC FORM (FOR EQUITY & COMMODITY)

A. IMPORTANT POINTS:1. Self attested copy of PAN card is mandatory for all clients, including

Promoters/Partners/Karta/Trustees/and whole time directors and persons authorized to deal in securit ies on behalf of company/firm/others.

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

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

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

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

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

7. For non-residents and foreign nationals, (allowed to trade subject to RBI and FIEB/FEMA guidelines), copy of passport / PIO Card/OCI Card and overseas address proof is mandatory.

8. For foreign entities. CIN is optional; and in the absence of DIN no. for the directors, their passport copy should be given.

9. In case of Merchant Navy NRI’s, Mariner’s declaration or certified copy of CDC (Continuous Discharge Certificate) is to bo submitted.

10. In case of Merchant Navy NRI’s, Mariner’s declaration or certified copy of CDC (Continuous Discharge Certificate) is to bo submitted along with other statutory approvals required for investment in commodities.#

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

12. Politically Exposed Persons (PEP) are defined as individuals who are or have been entrusted with prominent public functions in a foreign country, e.g., Heads of States or of Governments, senior politicians, senior Government/judicial/ military officers, senior executives of state owned corporations, important political party officials, etc.

B. Proof of Identity (POI): - List of documents admissible as Proof of Identity:1. Unique Identification Number (UID) (Aadhaar)/ Passport/ Voter ID

card/ Driving license.2. PAN card with photograph.3. Identity card/ document with applicant’s Photo, issued by any of the

following: Central/State Government and its Departments, Statutory/Regulatory Authorities, Public Sector Undertakings, Scheduled Commercial Banks, Public Financial Institutions, Colleges affiliated to Universities, Professional Bodies such as ICAI, ICWAI. ICSI, Bar Council etc., to their Members; and Credit cards/Debit cards issued by Banks.

C. Proof of Address (POA):- List of documents admissible as Proof of Address:(*Documents having an expiry date should be valid on the date of submission.)1. Passport/ Voters Identity Card/ Ration Card/ Registered Lease or Sale

Agreement of Residence/ Driving License/ Flat Maintenance bill/ Insurance Copy.

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

3. Bank Account Statement/Passbook — Not more than 3 months old.4. *Self-declaration by High Court and Supreme Court judges, giving the

new address in respect of their own accounts.5. Proof of address issued by any of the following: Bank Managers of

S c h e d u l e d Co m m e rc i a l B a n k s / S c h e d u l e d Co - O p e rat i ve Bank/Multinational Foreign Banks/Gazetted Officer/Notary p u b l i c / E l e c t e d r e p r e s e n t a t i v e s t o t h e L e g i s l a t i v e Assembly/Parliament/Documents issued by any Govt. or Statutory Authority

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

7. For Fll/sub account, Power of Attorney given by Fll/sub-account to the Custodians (which are duly notarized and/or apostiled or consularised) that gives the registered address should be taken.*

8. The proof of address in the name of the spouse may be accepted.PROOF OF BANK ACCOUNT (Any one of the following)1. Cancelled cheque leaf (bearing pre-printed name of the client)2. Self attested copy of Bank Passport bearing name and address of client.3. Self attested copy of Bank Statement bearing pre-printed name and

address of the client with transaction not more than four months old.Note :• In case of Bank Statement / Bank Passbook, it should be with proper Bank

logo or to be certified by the Bank and bearing address of the client and MICR code of the branch.

• Age Proof to be submitted in case nominee of the demat account is a minor.• All copies to be self attested by client and all joint holdersD. Exemptions/clarifications to PAN

(*Sufficient documentary evidence in support of such claims to be collected.)1. In case of transactions undertaken on behalf of Central Government

and/or State Government and by officials appointed by Courts e.g. Official liquidator, Court receiver etc.

2. Investors residing in the state of Sikkim.3. UN entities/multilateral agencies exempt from paying taxes/filing tax

returns in India.*4. SIP of Mutual Funds upto Rs 50, 000/- p.a.*5. In case of institutional clients, namely, Flls, MFs, VCFs, FVCIs, Scheduled

Commercial Banks, Multilateral and Bilateral Development Financial Institutions, State Industrial Development Corporations, Insurance Companies registered with IRDA and Public Financial Institution as defined under section 4A of the Companies Act, 1956, Custodians shall verify the PAN card details with the original PAN card and provide duly certified copies of such verified PAN details to the intermediary.*

E. List of people authorized to attest the documents:1. Notary Public, Gazetted Officer, Manager of a Scheduled Commercial/

Co-operative Bank or Multinational Foreign Banks (Name, Designation & Seal should be affixed on the copy).

2. In case of NRIs, authorized officials of overseas branches of Scheduled Commercial Banks registered in India, Notary Public, Court Magistrate, Judge, Indian Embassy /Consulate General in the country where the client resides are permitted to attest the documents.

* Applicable for equity. # Applicable for commodity. 1 Version 09/2015

• Please note that we Brokers are undertaking proprietory arbitrage as well as Investment Business in our own account in addition to client base business.

F. In case of Non-Individuals, additional documents to be obtained from non-individuals, over & above the POI & POA, as mentioned below: (Applicable for Equity & Commodity)

Types of entity Documentary Requirements

• Copy of the balance sheets for the last 2 financial years (to be submitted every year).• Copy of latest share holding pattern including list of all those holding control, either oirectly or indirectly, in the company in

terms of SEBI takeover Regulations, duly certified by the company secretary/Whole time director/MD (to be submitted every year).

• Photograph, POI, POA, PAN and DIN numbers of whole time directors/two directors in charge of day to day operations.• Photograph, POI, POA, PAN of individual promoters holding control - either directly or indirectly.• Copies of the Memorandum and Articles of Association and certificate of incorporation.• Copy of the Board Resolution for investment in securities / commodity market.• Authorised signatories list with specimen signatures.• Copy of Board Resolution or Declaration (on the letter head) having the person authorised to deal in securities / commodity on

behalf of company / firm / others and their specimen signature.

Corporate

• Proof of Existence/Constitution document.• Resolution of the managing body & Power of Attorney granted to transact business on its behalf.• Authorized signatories list with specimen signatures.

• Copy of the constitution/registration or annual report/balance sheet for the last 2 financial years.• Authorized signatories list with specimen signatures.

• Copy of SEBI registration certificate,• Authorized signatories list with specimen signatures.

• Self-certification on letterhead.• Authorized signatories list with specimen signatures.

• Copy of Registration Certificate under Specified Registration Act.• List of Managing Committee members.• Committee resolution for persons authorised to act as authorised signatories with specimen signatures. • True copy of Society Rules and Bye Laws certified by the Chairman/Secretary.

• Copy of the balance sheets for the last 2 financial years (to be submitted every year).• Certificate of registration (for registered partnership firms only). • Copy of partnership deed.• Authorised signatories list with specimen signatures. • Photograph, POI, POA, PAN of Partners.

Partnership firm

• Copy of the balance sheets for the last 2 financial years (to be submitted every year).• Certificate of registration (for registered trust only). • Copy of Trust deed.• List of trustees certified by managing trustees/CA. • Photograph, POI, POA, PAN of Trustees.

• PAN of HUF • Deed of declaration of HUF/ List of coparceners.• Bank pass-book/bank statement in the name of HUF. • Photograph, POI, POA, PAN of Karta.

Trust

HUF

*Unincorporated association or a body of individuals

Banks / Institutional Investors*

Foreign Institutional Investors*

Army / Government Bodies

Registered Society

* Applicable for equity. # Applicable for commodity.

2 Version 09/2015

INSTRUCTIONS/CHECK LIST

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

Copy of ITR Acknowledgement

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

Copy of demat account holding statement.

Any other relevant documents substantiating ownership of assets.

Copy of Annual Accounts

Net worth certificate

Bank account statement for last 6 months

Self declaration with relevant supporting documents.

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

2. Copy of cancelled cheque leaf/ pass book/bank statement specifying name of the constituent, MICR Code or/and IFSC Code of the bank should be submitted.3. Demat master or recent holding statement issued by DP bearing name of the client.4. For individuals:

a. Stock broker has an option of doing ‘in-person’ verification through web camera at the branch office of the stock broker/sub-Broker’s office.b. In case of non-resident clients, employees at the stock broker’s local office, overseas can do in-person’ verification. Further, considering the infeasibility of

carrying out ‘In-person’ verification of the non-resident clients by the stock broker’s staff, attestation of KYC documents by Notary Public, Court, Magistrate, Judge, Local Banker Indian Embassy / Consulate General in the country where the client resides may be permitted.

5. For non-individuals:a. Form need to be initialized by all the authorized signatories.b. Copy of Board Resolution or declaration (on the letterhead) naming the persons authorized to deal in securities on benalf of company/firm/others and their

specimen signatures.

3 Version 09/2015

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Know Your Client (KYC) Application form - (For Individuals Only)

A. IDENTITY DETAILS

1. Name of Applicant

Father's/Spouse Name

PHOTOGRAPH

Please affix

the recent passport

size photograph and

sign across it

2. Gender Male Female B. Marital status Single Married C. Date of Birth d d / m m / y y y y

3. Nationality Indian Other (Please specify)

4. Status Please tick ( 3) Resident Individual Non Resident Foreign National

5. PAN

Unique Identification Numbar (UID)/Aadhaar, if any:

6. Proof of Identity submitted Please Tick (3)

B. ADDRESS DETAILS

1. Residence AddressCorrespondence

City / Town / Villeage

State

Pin Code

Country

3. Contact Details

Tel. (Off.)

MobileE-Mail Id.

(ISD) (STD

(ISD) (STD

Tel. (Res.)

Fax

(ISD) (STD

(ISD) (STD

FIRST HOLDER

F1F

F2F

behind every successful investorPlease fill this form in ENGLISH and in BLOCK LETTERS(Please tick the box left margin of appropriate row where CHANGE/CORRECTION is required and provide the details in the corresponding now)

PAN Card Others (Please Specify)

2. Specify the proof of address submitted for correspondence address:____________________________________________________________


State CountryPin Code

4. Permanent Address (if different from above or overseas address, mandatory for Non-Resident Applicant):

C. DECLARATION

I hereby declare that the details furnished above are true and correct to the best of my/our knowledge and belief and I undertake to inform you of any changes therein, immediately. In case any of the above information is found to be false or untrue or misleading or misrepresenting, I am/we are aware that I/we may be held liable for it.

Date: d d / m m / y y y ySignature of the Applicant

FOR OFFICE USE ONLY

Date of IPV

Inperson Verification (IPV) Details:

Name of the person who has done the IPV

Name of the Organization

Designation Employee ID

d d / m m / y y y y

Originals Verified and Self attested Document copies received

Signature of the person who has the IPV

Signature of the Authorised SignatoryDate: d d / m m / y y y y

4

Seal/Stamp of the Intermediary

Application No. :

Version 09/2015

Please Tick segment you want to Trade Equity(3)

INSTRUCTIONS / CHECK LIST FOR FILLING KYC FORM

A. IMPORTANT POINTS:

1. Self attested copy of PAN card is mandatory for all clients.






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

8. For foreign entities, CIN is optional; and in the absence of DIN no. for the directors, their passport copy should be given.

9. In case of Merchant Navy NRI's, Mariner's declaration or certified copy of CDC (Continuous Discharge Certificate) is to be submitted.

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

11. Politically Exposed Persons (PEP) are defined as individuals who are or have been entrusted with prominent public functions in a foreign country, e.g., Heads of States or of Governments, senior politicians, senior Government / judicial / military officers, senior executives of state owned corporations, important political party officials, etc.

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

1. PAN card with photograph. This is a mandatory requirement for all applicants except those who are specially exempt from obtaining PAN (listed in Section D).

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

3. Identity card/document with applicant's Photo, issued by any of the following: Central/State Government and its Departments, Statutory/Regulatory Authorities, Public Sector Undertakings, Scheduled Commercial Banks, Public Financial Institutions, Colleges affiliated to Universities, Professional Bodies such as ICAI, ICWAI, ICSI, Bar Council etc., to their Members; and Credit cards/Debit cards issued by Banks.

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

5 Version 09/2015

1. Passport / Voters Identity Card / Ration Card / Registered Lease or Sale Agreement of Residence / Driving License / Flat Maintenance bill / Insurance Copy.


3. Bank Account Statement/Passbook - Not more than 3 months old.

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

5. Proof of address issued by any of the following: Bank Managers of Scheduled Commercial Banks / Scheduled Co-Operative Bank / Multinationa Foreign Banks / Gazetted Officer / Notary public/Elected representatives to the Legislative Assembly / Parliament / Documents issued by any Govt. or Statutory Authority.

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

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

8. The proof of address in the name of the spouse may be accepted.

D. Exemptions/clarifications to PAN(*Sufficient documentary evidence in support of such claims to be collected.)

1. In case of transactions undertaken on behalf of Central Government and/or State Government and by officials appointed by Courts e.g. Official liquidator, Court receiver etc.

2. Investors residing in the state of Sikkim.

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

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

5. In case of institutional clients, namely, Flls, Mfs, VCFs, FVCIs, Scheduled Commercial Banks, Multilateral and Bilateral Development Financial Institutions, State Industrial Development Corporations, Insurance Companies registered with IRDA and Public Financial Institution as defined under section 4A of the Companies Act, 1956, Custodians shall verify the PAN card details with the original PAN card and provide duly certified copies of such verified PAN details to the intermediary.

E. List of people authorized to attest the documents:

1. Notary Public, Gazetted Officer, Manager of a Scheduled Commercial/Co-operative Bank or Multinational Foreign Banks (Name, Designation & Seal should be affixed on the copy).

2. In case of NRIs, authorized officials of overseas branches of Scheduled Commercial Banks registered in India, Notary Public, Court Magistrate, Judge, Indian Embassy/Consulate General in the country where the client resides are permitted to attest the documents.

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Know Your Client (KYC) Application form - (For Individuals Only)

A. IDENTITY DETAILS



PHOTOGRAPH

Please affix

the recent passport

size photograph and

sign across it




5. PAN



B. ADDRESS DETAILS



State

Pin Code

Country

3. Contact Details

Tel. (Off.)

MobileE-Mail Id.

(ISD) (STD

(ISD) (STD

Tel. (Res.)

Fax

(ISD) (STD

(ISD) (STD

SECOND HOLDERbehind every successful investorPlease fill this form in ENGLISH and in BLOCK LETTERS

(Please tick the box left margin of appropriate row where CHANGE/CORRECTION is required and provide the details in the corresponding now)






C. DECLARATION



FOR OFFICE USE ONLY

Date of IPV





d d / m m / y y y y




6


Application No. :

S1 ?

S2 ?

Version 09/2015














11. Politically Exposed Persons (PEP) are defined as individuals who are or have been entrusted with prominent public functions in a foreign country, e.g., Heads of States or of Governments, senior politicians, senior Government / judicial / military officers, senior executives of state owned corporations, important political party officials, etc.






7 Version 09/2015

1. Passport / Voters Identity Card / Ration Card / Registered Lease or Sale Agreement of Residence / Driving License / Flat Maintenance bill / Insurance Copy.





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



D. Exemptions/clarifications to PAN(*Sufficient documentary evidence in support of such claims to be collected.)









8 Version 09/2015

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Know Your Client (KYC) Application form - For Non Individuals

B. ADDRESS DETAILS

1. Address for Correspondence


State

Pin Code

Country

3. Contact Details

Tel. (Off.)

MobileE-Mail Id.

(ISD) (STD

(ISD) (STD

Tel. (Res.)

Fax

(ISD) (STD

(ISD) (STD

AS1

behind every successful investorAcknowledgement No. :NEW CHANGE REQUEST (Please tick 3 the appropriate)

Please fill this form in RNGLISH and in BLOCK LETTERS(Please tick the box left margin of appropriate row where CHANGE/CORRECTION is required and provide the details in the corresponding now)




4. Registered Address (if different from above)

C. OTHER DETAILS (If space is sufficient, enclose these details separately [Illustrative format enclosed page no. 12])

D. DECLARATION

I/We have hereby declare that the details furnished above are true and correct to the best of my/our knowledge and belief and I undertake to inform you of any changes therein, immediately. In case any of the above information is found to be false or untrue or misleading or misrepresenting,I am/we are aware that I/we may be held liable for it.

Date: d d / m m / y y y y Name & Signature of Authorised Signatory

FOR OFFICE USE ONLY


Date of IPV





d d / m m / y y y y




A. IDENTITY DETAILS1. Name of Applicant

Date of Incorporation d d / m m / y y y y 2b. Place of Incorporation2a.

4a. Registration No. (e.g. CIN)

3. Date of commencement of business d d / m m / y y y y

4. PAN

5. Status (please tick the appropriate) 3

Private Limited Co.

Charities

AOP

BOI

FPI-Category III

Public Ltd. Co.

NGO's

Bank

Society

Others (Please specify)

Body Corporate

FI

Government Body

LLP

Partnership

FII

Non-Government Organization

FPI-Category I

Trust

HUF

Defense Establishment

FPI - Category II

Name, PAN, residential address and photographs of Promoters/Partners/Karta/Trustees and whole time directors:

Aadhar number of Promoters/Partners/Karta

DIN of whole time directors














11. Politically Exposed Persons (PEP) are defined as individuals who are or have been entrusted with prominent public functions in a foreign country, e.g., Heads of States or of Governments, senior politicians, senior Government/judicial/military officers, senior executives of state owned corporations, important political party officials, etc.






1. Passport / Voters Identity Card / Ration Card / Registered Lease or Sale

Agreement of Residence / Driving License / Flat Maintenance bill / Insurance Copy.





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



D. Exemptions/clarifications to PAN

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









F. Incase of Non-Individuals, additional documents tobe obtained from non-individuals, over & above the POI & POA, as mentioned below:

Documentary requirements

• Copy of the balance sheets for the last 2 financial years (to be submitted every year)

• Copy of latest share holding pattern including list of all those holding control, either directly or indirectly, in the company in

terms of SEBI takeover Regulations, duly certified by the company secretary whole time director/MD(to be submitted every year)

• Photograph, POI, POA, PAN and DIN numbers of whole time directors/two directors in charge of day to day operations

• Photograph, POI, POA, PAN of individual promoters holding control - either directly or indirectly

• Copies of the Memorandum and Articles of Association and certificate of incorporation

• Copy of the Board Resolution for investment in securities market

• Authorised signatories list with specimen signatures


• Certificate of registration (for registered partnership firms only)

• Copy of partnership deed

• Authorised signatories list with specimen signatures

• Photograph, POI, POA, PAN of Partners


• Certificate of registration (for registered trust onlyj.Copy of Trust deed

• List of trustees certified by managing trustees/CA

• Photograph, POI, POA, PAN of Trustees

• PAN of HUF

• Deed of declaration of HUF/List of coparceners

• Bank pass-book/bank statement in the name of HUF

• Photograph, POI, POA, PAN of Karta

• Proof of Existence/Constitution document

• Resolution of the managing body & Power of Attorney granted to transact business on its behalf

• Authorized signatories list with specimen signatures

• Copy of the constitution/registration or annual report/balance sheet for the last 2 financial years


• Copy of SEBI registration certificate


• Serf-certification on letterhead


• Copy of Registration Certificate under Societies Registration Act

• List of Managing Committee members

• Committee resolution for persons authorised to act as authorised signatories with specimen signatures

• True copy of Society Rules and Bye Laws certified by the Chairman/Secretary

Types of entity

Corporate

Partnership firm

Trust

HUF

Unincorporated Association

or a body of individuals

Banks/Institutional Investors

Foreign Institutional

Investors (Fll)

Army/Government Bodies

Registered Society

9 Version 09/2015

10

Date D D M M Y Y Y YName & Signature of the Authorised Signatory(ies)

AS2

Details of Promoters/ Partners/ Karta / Trustees and whole time directors forming a part of Know Your Client (KYC) Application Form for Non-Individuals

Version 09/2015

PHOTOGRAPH

Please affix your recent

passport sizePhotograph

and sign across it

1. Name2. Relationshop with Applicant (i.e. promoters, whole time directors etc)

3a. PAN 3b. DIN

3c. Aadhar (UID) Number

4. Residence / Registered Address

State: Country:

City/town/village.

Pin Code:

PHOTOGRAPH



and sign across it


3a. PAN 3b. DIN



State: Country:

City/town/village.

Pin Code:

PHOTOGRAPH



and sign across it


3a. PAN 3b. DIN



State: Country:

City/town/village.

Pin Code:

PHOTOGRAPH



and sign across it


3a. PAN 3b. DIN



State: Country:

City/town/village.

Pin Code:

s space s i e i na ep

Thi i nt nt o lly k t blank

11

COMMON DETAILS FOR INDIVIDUAL / NON-INDIVIDUAL

Depository Participant Name

Depository Name NSDL CDSL

DP ID Beneficiary ID (BO ID)

Beneficiary Name

Second Holders Name

Third Holders Name

Proof of DP submitted DP Statement Client Master Report (CMR)

1) Client name & DP A/c No. on the proof of DP submitted should mach with that mentioned in the account opening form.

2) DP statement should be clearly show DP ID & Client ID.

3) In case of NRI's proof of Demat Account should be only with NRI status.

B. DEPOSITORY ACCOUNT(S) DETAILS (if existing)

(Trading & DP Account Related Details)

Bank Name

Branch Name

Branch Address

Bank A/c. No.

A/c. Type Savings Current NRE/NRO Others

MICR Number IFSC Code

A. BANK ACCOUNT(S) DETAILS OF SOLE / FIRST HOLDER

P.N. : In case of NRI's, Bank Account should be Repatrible Bank Account for NRE or Non Repatrible Bank Account for NRO.

Bank Name

Branch Name

Branch Address

Bank A/c. No.



ADDITIONAL BANK ACCOUNT(S) DETAILS OF SOLE / FIRST HOLDER

P.N. : In case of NRI's, Bank Account should be Repatrible Bank Account for NRE or Non Repatrible Bank Account for NRO.

Version 09/2015

12 Version 09/2015

E. TRADING PREFERENCES

*Please sign the relevant boxes where you wish to trade. Please strike of the segment not chosen by you.

SegmentExchanges

NSE

BSE

MSEI

Cash F&O Currency *SLB

F3?

F4?

F5?

F6?

F7?

F8?

F9?

F10?F11?

MF

# If, in future, the client wants to trade on any new segment/new exchange, separate authorization/letter should be taken from the client by the stock broker.*SLB (Securities Lending & Borrowing): This segment will be activated only after obtaining duly signed member Client agreement from the customer.

Private Sector Service Public Sector Government Service Business Professional Agriculturist Retired

Housewife Student Forex Dealer Others (Please specify)

2. Occupation (Please tick (3) any one and give brief details):

3. Please tick, if applicable : Politically Exposed Person Related to a Politically Exposed Person

For definition of PEP, please refer guideline overleaf

4. Any other information:

OR

C. OTHER DETAILS (please see guidelines overleaf) - For Individual

1. Gross Annual Income Details (Please tick (3): Below 1 Lac 1-5 Lac 5-10 Lac 10-25 Lac > 25 Lacs

Net-worth in `. as on (date) (*Net worth should not be older than 1 year) d d / m m / y y y y

D. OTHER DETAILS (please see guidelines overleaf) - For Non Individual

2. Is the entity involved/providing any of the following services YES NO

- For Foreign Exchange / Money Changer Services YES NO

- Gaming / Gambling / Lottery Services (e.g. casinos, betting syndicates) YES NO

- Money Lending / Pawning YES NO

1. Gross Annual Income Details (Please tick (3): Below 1 Lac 1-5 Lac 5-10 Lac 10-25 Lac

Net-worth in `. as on (date) (*Net worth should not be older than 1 year) d d / m m / y y y y

25 Lacs - 1 Crore > 1 Crore

3. Any other information:

13 Version 09/2015

F. PAST ACTIONS

• Details of any action/proceedings initiated/pending/ taken by SEBI/ Stock exchange/any other authority against the applicant/constituent or its Partners/promoters/whole time directors/authorized persons in charge of dealing in securities during the last 3 years:_____________________________________________________________________________________________________

G. DEALINGS THROUGH SUB-BROKERS AND OTHER STOCK BROKERS

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

SEBI Registration number:

Registered office address

Phone Fax

Website

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

Name of stock broker

Name of Sub-Broker, if any:

Client Code: Exchange:

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

Sub-broker’s Name:

S u r n a m e N a m e M i d d l e N a m eName of Introducer

Introducer Address

Tel. No.

Signature of the Introducer _______________________________________

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

I. INTRODUCER DETAILS (OPTIONAL)

• Whether you wish to receive physical contract note or Electronic Contract Note (ECN) (please specify):Specify your Email id, if applicable:

• Whether you wish to avail of the facility of internet trading/ wireless technology (please specify):• Number of years of Investment/Trading Experience:

_____________________________________________________________________________________________________________

______________________________________________________________________________________________________

H. ADDITIONAL DETAILS

Place : Date :

*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.

(To be filled By DP)

For Anand Rathi Share & Stock Brokers Ltd.

(Authorised Signatory)

Nomination accepted and registered wide

Registration No. ____________________

Dated ________________

(Signature of 1st Holder) (Signature of 2nd Holder)

F12? S3 ?

x

x

Details of the Witness

(1)

(2)

Name & Address (1) Signature With Date

*(As the Nominee is Minor on this date, I/We appoint following person to act as Guardians)Name

*Guardian Details : (In case of Minor)

PINAddress

Phone

Age CountryCity State

(Applicable for only Individual Account)

Nominee Details :- Name

I/We the sole holder / Joint holders / Guardian (in case of minor) hereby nominate the following person who is entitled to receive security Balances lying in my Trading and Demat account, particulars whereof are given, in the event of the death of the Sole Holder or the death of all the Joint Holders.I/We do not wish to Nominate any one for this Trading Account / Demat Account.

DP ID Client ID

Relationship with BO (if any)

Title Mr. Mrs. Ms. DOB (if Minor) D D M M Y Y Y Y

AddressPIN

Telephone No.FaxPAN No.

E-mail UID

City

CountryState

Please Select,

NOMINEE DETAILS FOR TRADING AND DP ACCOUNT

14

PAN No. of Nominee

Version 09/2015

Trading Code

(Signature of 3rd Holder)

T3 ?

15

1. I/We hereby declare that trie details furnished above are true and correct to the best of my/our knowledge and belief and l/we undertake to inform you of any changes therein, immediately. In case any of the above information is found to be false or untrue or misleading or misrepresenting, I am/we are aware that l/we may be held liable for it.

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

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

Place :

Date : Signature of Client/ (all) Authorized Signatory (ies)

DECLARATION

F13?

FOR OFFICE USE ONLY

UCC Code allotted to the Client

Documents verified with Originals Client Interviewed By In-Person Verification done by

Name of the Employee

Employee Code

Designation of the employee

Date

Signature

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

Signature of the Authorised Signatory

Date : Seal/Stamp of the stock brokerD D M M Y Y Y Y

Version 09/2015

BROKERAGE TARIFF STRUCTURE

16

Equity

Cash F&O Currency

Min

(Paise)

In

(%)

Min

(Paise)

In

(%)

In

(%)

Min

(Paise)

Trading Brokerage

Delivery Brokerage

Option BrokeragePer Lot

Rs.

Per Lot

Rs.

Version 09/2015

p c ia

This s a e is ntention lly kept blank

• Special rates as may be agreed by the sub-broker/Authorised Person and client and the same are mentioned here.

Other charges will be debited charged to client’s Trading ledger.

1) Trading Account opening charges is Rs 552/- (Will be waived off in case of receipt of upfront payment of Rs 10000/- towards margin amount along with account opening application.)

2) Rs 10/- per transaction will be charged for Securities transferred on account of Inter-settlement and /or inter exchange and/or Securities movement Stock Broker’s pool and/or beneficiary account on client behalf, Rs 10/- per transaction will be charged

3) SEBI Turnover fees, STT, Service Tax , Stamp Duty and Transaction charges will be levied separately from brokerage as applicable from time to time

4) Delivery Handling charges ( DHC) would be levied on each sale transaction in case if the value of brokerage levied is less than Rs 20/- The value of DHC would be difference of Rs 20/- and the brokerage charged .

Signature of Client Signature of Sub Broker

F12?

17

SELECT ACCORDINGLY THE TYPE OF ACCOUNT

OR

Status (Please Tick whichever is applicable)

q q qq q

q FII q CM q FI q Clearing House q Other (Specify)________________

Body Corporate Banks Trust Mutual Fund OCB

(for corporate / clearing member only)Type of Account Sub-Status(To be Filled by DP)

DEPOSITORY PARTICIPANT (CDSL)ACCOUNT DETAILS

Status

q Individualq q q q Individual HUF / AOP q Individual Promoter q Minorq Individual Margin Trading A/C (MANTRA) q Others (specify)

Individual Resident Individual-Director Individual Director’s Relative

Sub – Status (Please Tick whichever is applicable)

q NRIq q q NRI Repatriable Promoter q NRI Non-Repatriable Promoter q NRI – Depository Receipts q Others (specify)______________

NRI Repatriable NRI Non-Repatriable

q Foreign National q Foreign National q Foreign National - Depository Receipts q Others (specify)____________

Type of Account (for individual / nri / foreign national only)

General Instructions for the Applicant

•

•

•

•

•

•

•

•

impressions and signatures other than the above mentioned languages must be attested by a Magistrate or a Notary Public or a Special Executive Magistrate under his/her official seal.

Signatures should be preferably in black ink.

Details of the Names, Address, and Tel No. etc. of the Magistrate / Notary Public / Special Executive Magistrate are to be provided in case of any attestation done by them.

In case of additional signatures (For accounts other than individuals), separate annexure should be attached to the application form.

In case of applications under a Power of Attorney, the relevant Power of Attorney or the certified and duly notarized copy thereof must be lodged along with the application.

All correspondence / queries shall be addressed to the first / sole applicant.

Nomination: Nomination is allowed only in case of Individual account. No nomination is allowed on HUF account, Corporate account.

Strike off whichever is not applicable

thSignatures can be in English or Hindi or any of the other languages contained in the 8 schedule of the Constitution of India. Thumb

Version 09/2015

Name *

* In case of Firms, Association of Persons (AOP), Partnership Firm, Unregistered Trust, etc., although the account is opened in the name of the natural persons, the name of the Firm, Association of Persons (AOP), Partnership Firm, Unregistered Trust, etc., should be mentioned above.

DP ID : 10600 (Equities)

BO IDForm No.

Client IDDate

1 2 0 1 0 6 0 0I / We request you to open a Demat Account in my / our name as per the following details: -

(To be filled by the applicant in BLOCK LETTERS in English)

Please Select the Account Type qIndividual qCorporate

Application Form for Opening a Securities Demat Account - Individual / Corporate

18

HOLDERS DETAILS

Sole / First Holder's Name

Second Holder's Name

Third Holder's Name

PAN

PAN

PAN

PAN

Details of Guardian (in case the account holder is minor)

Guardian's Name

Relationship with the aplicant

I / We instruct the DP to receive each and every credit in my / our account

I / We request you to send Electronic Transaction-cum-Holding Statement at the email ID

[Automatic Credit] Yes Noqq

Account Statement Requirement q q q q qDaily Weekly Fortnightly Monthly As per SEBI regulation

q Yes Noq

Bank Name

Branch Name

Branch Address

Bank A/c. No.



A. BANK ACCOUNT DETAILS

* I/We hereby Declare that I/We has complied with, and will continue to comply with, FEMA regulations and other applicable laws

For NRIs / OCBs

Do you wish to receive dividend / interest directly in to your bank account given below through ECS? (If not marked, the default option would be 'Yes') [ECS is mandatory for locations notified by SEBIfrom time to time]

I/We would like to instruct the DP to accept all the pledge instructions in my/our account without any furtherinstruction from my/our end. (If not marked, the default option would be "No")

I/We would like to share the Email Id with RTA

I/We would like to received the Annual Report (Tick the applicable box, If not marked the default option would be physical)

q Physical / q Electronic / q Both Physical & Electronic

UID

UID

UID

Version 09/2015

q Yes Noq

q Yes Noq

q Yes Noq

3

Mobile Registration

Additional Details

19

SEBI Regn. No. (If applicable)

ROC Regn. No. (If applicable)

RBI Regn. No. (If applicable)

SEBI Regn. Date

ROC Regn. Date

RBI Approval Date

Additional Information (for corporate / clearing member only)

Clearing Member ID

Name of the Stock Exchange

Name of the CC / CH

Trading Id

Clearing Members Details (to be filled by cms only)

DeclarationI/We have received and read the rights and obligations documents and terms and 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. 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. I/We agree and undertake to intimate the DP any change(s) in the details / Particulars mentioned by me / us in this form. I/We further agree that any false / misleading information given by me / us or suppression of any material information will render my account liable for termination and suitable action.

A] Names B) Designation (For Corporate) C] Signature of Holders

Sole / First Holder Second Holder Third Holder

A.B.

First / Sole Authorised Signatory(For Corporate)

Second Authorised Signatory(For Corporate)

Third Authorised Signatory(For Corporate)

Name

Designation

Name

Designation

Name

Designation

Spec

imen

Si

gnat

ure

(Signature of 1st Holder) (Signature of 2nd Holder) (Signature of 3rd Holder)

F14? S4 ? T1 ?

EasiTo register for easi, please visit our website www.cdslindia.comEasi allows a BO to view his ISIN balances, transactions and value of the portfolio online.

Transactions Using Secured Texting Facility(TRUST)Refer to Terms & Conditions given as Annexure - Aavailable at our websitewww.rathionline.com

I wish to avail the TRUST facility using the Mobile No. registered for SMS Alert Facility. I have read andunderstood the Terms & Conditions prescribed by CDSL for the same.

q

q NoYes

I/We wish to registered the following clearing member IDs under my/our below mentioned BO ID registered for TRUST

Stock Exchange Name / ID

Clearing Member Name

Clearing Member ID (Optional)

Version 09/2015

SMS Alert Facility Refer to terms and condition given as Annexure 'A' available at our website www.rathionline.com

[(Mandatory, if you are giving Power of Attorney (POA)]

MOBILE NO.: +91_____________________

(if POA is not granted & you do not wish to avail of this facility, cancel this option).

q Self Relationship with the client: q Spouse q Dependant Child q Dependant ParentE-mail ID__________________________________

S5

?

(Sec

ond

Hold

er)

T2

?

(Thi

rd H

olde

r)(S

ole /

Firs

t Hol

der)

Com

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nce O

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r-ARS

SBL

DP -

TARI

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Corp

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F15 ?

20 Version 09/2015

21

KNOW ALL MEN BY THESE PRESENTS THAT I/WE Mr. / Mrs. / M/s. (first holder), ________________________________________________________________(second holder_______________________________________________________________(third holder) ________________________________________________________________ an individual / a sole proprietary concern / a partnership firm / a body corporate / trust, registered / incorporated, under the provisions of the Indian Partnership Act, 1932 / the Companies Act, 1956 or any relevant Act, having his / her / its residence / registered office / place of business at__________________________ _________________________________________________________________________________________________ (hereinafter referred to as "the client") having unique client code as______________________ wish to avail / have availed the Broking / E-broking facilities and other services offered (hereinafter referred to as "Services") by Anand Rathi Share and Stock Brokers Ltd. (hereinafter referred to as "ARSSBL"), companies incorporated under the Companies Act, 1956 and having their offices at 4th Floor, Silver Metropolis, Jai Coach Compound, Opposite Bimbisar Nagar, Goregaon (East), Mumbai - 400 063 and processing office at Anand Rathi Tower, CYB-2, Cyber Park, Heavy Industrial Area, Near Saras Dairy, Jodhpur - 342 003 (Rajasthan) and is a Member (Trading Member) of various exchanges (hereinafter referred to as "the Exchanges") and is also a "Depository Participant" registered with (CDSL) Whereas in the course of availing the services and for meeting the settlement obligations thereof on the Exchanges, I/We do hereby nominate, constitute and appoint Anand Rathi Share and Stock Brokers Ltd. (Member Broker), hereinafter referred to as my/our true and lawful attorneys for my depository account with Anand Rathi Share and Stock Brokers Ltd. (Depository Participant) DP ID 12010600 Client ID______________, to execute and perform severally the following acts, deeds, matters and things, provided the attorney complies with all the applicable conditions of all or any of their services offered by them in their capacity as Stock Brokers. In this Power of Attorney the term “Securities” shall include shares, scrips, stocks, bonds, warrants, options, futures, derivatives, convertible debentures, non-convertible debentures, securitized debt instruments, fixed return investment, equity linked instruments or other marketable Securities like nature in or of any incorporated company or other body corporate, negotiable instruments including usuance Bills of Exchange, deposits or other money market instruments, commercial paper, Certificate of deposit, units issued by the Unit trust of India and units of Mutual Funds, mortgage backed or other asset backed Securities issued by any incorporate company and Securities issued by the 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, any other new form of capital or money market instruments that may be issued in the future by any incorporated company /firm/institution or Government. 1. To retain /debit in my/our aforesaid beneficiary account or transfer securities there-out to pool/collateral /margin/any other beneficiary account of the ARSSBL

for the purpose of delivering /pledging the same to the clearing house of the recognized stock exchange in any segment to discharge my / our settlement / Pay in obligation / Margin obligations, in respect of securities sold by me/us or for the purpose of providing margins in respect of the trading positions taken by me/us in BSE(F&O)/NSE(F&O)/ MSEI / NSE (Currency Future) segment as well as providing the exposure in the BSE(F&O)/NSE(F&O) MSEI/NSE (Currency Future).The demat account details of ARSSBL where shares can be transferred for above purpose is mentioned below.

POWER-OF-ATTORNEY (VOLUNTARY)

F33? S6 ? T4 ?

Version 09/2015

Segment Demat Account No. Account TypeDP ID CM-BP ID

BSE 10020525 IN301803 NSDL POOL Account IN609492

1201060000201190 12010600 CDSL CM POOL Account

1201060000201186 12010600 CDSL CM Principal Account

1100001000012579 12010600 Early pay in Account

NSE 10003814 IN301803 NSDL POOL Account IN559169

120106000045171 12010600 CDSL CM POOL / Principal Account

1100001100016041 12010600 Early pay in Account

NSEFO 10026620 IN301803 Client Margin account

NCDEX 10026267 IN301803 Client Margin account

MCX 10026259 IN301803 Client Margin account

MSEI 10026735 IN301803 Client Margin account

NSE CD 10026873 IN301803 Client Margin account

Bse Cash ,1201060001831771 12010600 Client Margin account

Bse F & O ,1201060002156578 12010600 Client Margin account

F32 ?

Further in case the Stock Broker is required to open any new accounts for the purpose of pay-in for trades on any recognized stock exchange, I/we hearby agree that this Poa shall be applicable to all such accounts and would be covered by this POA as long as the details of such accounts are informed to me/us in writing by the said stock broker.

22 Version 09/2015

Signed for and on behalf of 1st Holder 2nd Holder 3rd Holder

SignatureFor Anand Rathi Share and Stock Brokers Ltd.

Name of Authorised Signatory

Tital / Designation

Witness 1

Witness 2

Name & Address

Name & Address

F34?S7 ? T5 ?

In case of HUF (Co-parcener's sign.)

Signature Signature Signature Signature

2. Pursuant to my/our instruction or instruction of my/our Authorised Representative to do all such acts and things as may be necessary to effect the subscription / purchase / redemption or any other transaction for mutual funds/online Mutual Fund or otherwise of initial public offer / follow on public offer / right issue / offer for sale of securities of the company/or any other like issues and / or Investment Product for which services are availed from ARSSBL and to perform, do, undertake, discharge all incidental and ancillary acts, deeds, matters, things, functions and obligations in connection therewith.

3. To debit my/our ledger account maintained with ARSSBL for fees/charges etc. And to discharge all financial obligations relating to transactions undertaken by me/us on any of stock exchanges.

4. I/We authorizes to my attorney to set off outstanding in any of my/our accounts against credits available or arising in any other accounts maintained with ARSSBL irrespective of the fact that such accounts may pertain to transaction in any of the Exchange and/or against the value of cash margin or collateral securities provided to by me/us.

5. I/We authorize to my attorney to maintain a running account of my/our in order to facilitate the transfer of funds across segments /retain credit balance /to set off outstanding.

6. I/we do hereby ratify and confirm whatsoever my/our said attorney shall have lawfully done or may lawfully do or caused to be done by virtue of or in exercise of any power hereby granted, given authorized or implied or intended to be so granted, given or authorized and also all lawful acts, deeds, matters and things done by the said attorney of the nature mentioned above or incidental or ancillary thereto or arising there-from or deemed by my/our attorney to be requisite or expedient to be done or performed in exercise of any power herein.

7. I/we do hereby agree to bear interest @18% p.a. which would be charged on outstanding dues in order to meet up with my/our obligations temporarily. The above interest rate can be changed from time to time at broker discretion.

8. To authorize ARSSBL to send trades and accounts related information and also Scrip-wise buy and sell positions taken by way of SMS/email on a regular basis.9. I/We further agree and confirm that the powers and authorities conferred by this POA shall continue to be good, valid and effective until revoked by me/us in

writing given to my attorney and that the POA shall not be affected by lapse of time. This POA shall continue in full force and effect until my/our attorney shall receive written notice of revocation thereof, signed by me/us; or, in the event of termination thereof by my/our death, until my/ our attorney shall have received actual notice thereof and such revocation or termination shall in no way affect the validity of this POA with reference to any transactions initiated by my/our attorney, prior to the actual receipt by the attorney of the notice of such revocation / termination as above provided.. Further, without prejudice to the generality of the aforesaid, such revocation of this POA, in so far as any transaction, settlement of which is pending on the date of receipt of notice of revocation by my/our attorney is concerned, shall become effective only after all pending obligations in respect of such transactions are settled on the respective settlement dates and all dues owing by me/ us in connection therewith have been fully paid by me / us to the stock broker. Further, such revocation of power and authority given to my/our attorney hereby shall in no way affect the validity of any relevant Act, deeds or things done or action taken by my/our attorney for the time being in force, for discharging any of my/our settlement obligations in respect of any transactions settlement of which is pending on the date of receipt of the notice of revocation by the attorney.

10. 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/us.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) through a writing notice served by me/us to the stock BrokerI/We hereby agree & undertake to indemnify and keep indemnified and save harmless you from and against all claims / demands / penalties / suits / actions or any loss or damage suffered or incurred by you as a consequence of such instructions.

11. In WITNESS WHEREOF I/We have hereunto set and subscribed my/our respective hands to these presents on the _______ day of ___________________ in presence of:

Authorised Sigmatory

Segment Exchange Registration No. & Date

NCDEX

MCX

NCDEX-SPOT

00147FMC-UMC;NCDEX/TCM/CORP/0178 Dated 27/01/2004

8500/10875/FMC-UMC;MCX/TCM/CORP/0525 Dated 21-05-2004

Membership No. 10050 Dated 03/12/2008

COMMODITY

SPOT

For any grievance/dispute please contact Anand Rathi Share and Stock Brokers Ltd. at the above address or email id [email protected] and phone no. 022-40013700. In case not satisfied with the response, please contact the concern exchange(s) at :

Registered Office :

Opp. Bimbisar Nagar, Goregaon (E), Mumbai-400 063.Tel.: (B) : +091-022-4001 3700 (F) : +091-022-4001 3770

Website : www.rathionline.com

4th Floor, Silver Metropolis, Jai Coach Compound,

CEO :Mr. Roop Bhootra


Compliance Officer :Mr. Deepak Kedia


Processing Office :Plot No. CYB-2, Cyber Park, Heavy Industrial Area,

Near Jodhpur Dairy, Jodhpur - 342 003.Tel.: +91 291 2745400 / 7117001

Version 09/2015

ANAND RATHI COMMIDITIES LTD.CIN : U67120MH1991PLC064107

Particulars MCX NCDEX

E-mail ID

Tel. No.

[email protected] [email protected]

022-6649 4000 022-6640 6789

s space s i e i na ep

Thi i nt nt o lly k t blank

"Ple

ase

no

te t

hat

rhe K

YC

ap

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Know Your Client (KYC) Application form - (For Individuals Only)(COMMODITY)

A. IDENTITY DETAILS



PHOTOGRAPH

Please affix

the recent passport

size photograph and

sign across it




5. PAN



B. ADDRESS DETAILS



State

Pin Code

Country

3. Contact Details

Tel. (Off.)

MobileE-Mail Id.

(ISD) (STD

(ISD) (STD

Tel. (Res.)

Fax

(ISD) (STD

(ISD) (STD

F16F

F17F

behind every successful investorPlease fill this form in ENGLISH and in BLOCK LETTERS(Please tick the box left margin of appropriate row where CHANGE/CORRECTION is required and provide the details in the corresponding now)






C. DECLARATION



FOR OFFICE USE ONLY

Date of IPV





d d / m m / y y y y




23


Application No. :

Version 09/2015

Name of the Nominee:

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

Relationship with the Nominee:

PAN of Nominee: Date of Birth of Nominee:

Address of the Nominee:

Phone No. of the Nominee:

E. NOMINATION DETAILS (for individuals only)

24

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

Witness 1

Name

Signature__________________________________________

Address

Witness 2

Name

Signature__________________________________________

Address

1. I/We hereby declare that the details furnished above are true and correct to the best of my/our knowledge and belief and I/we undertake to inform you of any changes therein, immediately. In case any of the above information is found to be false or untrue or misleading or misrepresenting, I am/we are aware that I/we may be held liable for it.

2. I/We confirm having read/been explained and understood the contents of the tariff sheet and all voluntary/non-mandatory documents.3. I/We further confirm having read and understood the contents of the ‘Rights and Obligations’ document(s), ‘Risk Disclosure Document’ and ‘Do’s and Dont’s’. I/We

do hereby agree to be bound by such provisions as outlined in these documents. I/We have also been informed that the standard set of documents has been displayed for Information on Member’s designated website, if any.

DECLARATION

Place :

Date : Signature of Client

F18?

Name of guardian: Address of the Guardian:

Phone No. of the Guardian:

Signature of Guardian: _________________________

IF NOMINEE IS A MINOR, DETAILS OF GUARDIAN:

1-5 Lacs 5-10 Lacs 10-25 Lacs 25 Lacs Gross Annual Income Details (please specify): Income Range per annum: Below Rs 1 Lac

Net-worth as on (date) ( ) (Net worth should not be older than 1 year) ______________ D D M M Y Y Y YOR

D. OTHER DETAILS

Occupation (please tick any one and give brief details):

Please tick, if applicable: Politically Exposed Person (PEP) / Related to a Politically Exposed Person (PEP) Not Politically Exposed Person (PEP) / Not Related to a Politically Exposed Person (PEP)

Others (Please Specify)_______________________________

? Professional ? FarmerPrivate Sector? Public Sector? Government Service? Business? Business?

Version 09/2015

25 Version 09/2015

"Ple

ase

no

te t

hat

rhe K

YC

ap

plic

ati

on

Fo

rm a

nd

ove

rleaf

inst

ruct

ion

s sh

ou

ld b

e p

rin

ted

on

th

e s

am

e p

ag

e (

back

to

back

). If

pri

nte

d s

ep

ara

tely

th

en

bo

th t

he p

ag

es

sho

uld

be a

ttach

ed

an

d s

ign

ed

by

the a

pp

lican

t."

Know Your Client (KYC) Application form (COMMODITY) - For Non Individuals

B. ADDRESS DETAILS

1. Address for Correspondence


State

Pin Code

Country

3. Contact Details

Tel. (Off.)

MobileE-Mail Id.

(ISD) (STD

(ISD) (STD

Tel. (Res.)

Fax

(ISD) (STD

(ISD) (STD

AS3

behind every successful investorAcknowledgement No. :NEW CHANGE REQUEST (Please tick 3 the appropriate)

Please fill this form in RNGLISH and in BLOCK LETTERS

(Please tick the box left margin of appropriate row where CHANGE/CORRECTION is required and provide the details in the corresponding now)




4. Registered Address (if different from above)

C. OTHER DETAILS (If space is sufficient, enclose these details separately [Illustrative format enclosed])

D. DECLARATION


Date: d d / m m / y y y y Name & Signature of Authorised Signatory

FOR OFFICE USE ONLY


Date of IPV





d d / m m / y y y y




A. IDENTITY DETAILS1. Name of Applicant

Date of Incorporation d d / m m / y y y y 2b. Place of Incorporation2a.

4a. Registration No. (e.g. CIN)

3. Date of commencement of business d d / m m / y y y y

4. PAN

5. Status (please tick the appropriate) 3

Private Limited Co.

Charities

AOP

BOI

FPI-Category III

Public Ltd. Co.

NGO's

Bank

Society

Others (Please specify)

Body Corporate

FO

Government Body

LLP

Partnership

FII

Non-Government Organization

FPI-Category I

Trust

HUF

Defense Establishment

FPI - Category II

Name, PAN, residential address and photographs of Promoters/Partners/Karta/Trustees and whole time directors:

Aadhar number of Promoters/Partners/Karta

DIN of whole time directors

26

Name, PAN, Residential Address and Photograph of Promoters/Partners/Karta/Trustees and whole time directors

1. I/We hereby declare that the details furnished above are true and correct to the best of my/our knowledge and belief and I/we undertake to inform you of any changes therein, immediately. In case any of the above information is found to be false or untrue or misleading or misrepresenting, I am/we are aware that I/we may be held liable for it.

2. I/We confirm having read/been explained and understood the contents of the tariff sheet and all voluntary/non-mandatory documents.

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

DECLARATION

Place :

Date : Signature of (all) Authorized Signatory (ies)*

AS4

Sr.No.

Name PAN No.Residential /

Registered AddressPhotograph

(stamp & signature across photo)

Version 09/2015

27

COMMON DETAILS FOR INDIVIDUAL / NON-INDIVIDUAL

Bank Name

Branch Name

Branch Address

Bank A/c. No.



A. BANK ACCOUNT DETAILS

• Provide a copy of cancelled cheque leaf / pass book / bank statement specifying name of the client, MICR Code or / and IFSC Code of the bank.

Version 09/2015

B. DEPOSITORY ACCOUNT(S) DETAILS

Depository ParticipantName

Depository (NSDL/CDSL)

Name Beneficiary Name DP ID Beneficiary ID(BO ID)

• Provide a copy of either Demat Master or a recent holding statement issued by DP bearing name of the client.

C. TRADING PREFERENCES *Please sign the relevant boxes where you wish to trade.e segment not chosen should be struck off by the client

Sr.No. Name of the National Commodity Exchanges Signature of the Client

F19?F20?

MCX

NATIONAL COMMODITY AND DERIVATIVES EXCHANGE LTD. NCDEX

MULTI COMMODITY EXCHANGE OF INDIA LTD.1.

2.

D. INVESTMENT/TRADING EXPERIENCE:

• No Prior Experience • _____Years in Commodities • _____Years in other investment related fields

E. SALES TAX REGISTRATION DETAILS:

Local Sales Tax State Registration No.

Central Sales Tax Registration No.

Other Sales Tax State Registration No.

Name of the State

Validity Date : D D M M Y Y Y Y



F. VAT DETAILS (As applicable, State wise)

Local VAT Registration No. :

Name of the State :

Name of the State :

Other VAT Registration No. :



Gross Annual Income Details (please specify):

Net-worth as on (date) ( ______________ ) (Net worth should not be older than 1 year)D D M M Y Y Y Y

1 crore > 1 crore1-5 Lacs 5-10 Lacs 10-25 Lacs 25 Lacs Income Range per annum: Below Rs 1 Lac ORC. OTHER DETAILS

Please tick, if applicable, for any of your authorised signatories / Promoters / Partners / Karta / Trustees / whole time directors: Politically Exposed Person (PEP) / Related to a Politically Exposed Person (PEP)

Any other information:

28 Version 09/2015

• Whether you wish to receive physical contract note or Electronic Contract Note (ECN) (please specify):• If ECN has been selected, provide your Email id:• If you wish to receive Electronic Contract Note (ECN), an 'ECN declaration form' via email would need to be provided as per the format and procedure given at

Appendix A.• The ECN declaration form should normally be in English. In case you are not conversant with the English language, the ECN form should be bi-lingual i.e., in

English and the local language known to you.• You can revoke the ECN facility and opt for the contract note in the physical form only by giving 7 working days’ notice to the member and copy of the same would

be retained by you.• Whether you wish to avail of the facility of internet trading/ wireless technology (please specify):• In case of non-individuals, name, designation, PAN, UID, signature, residential address and photographs of persons authorized to deal in commodities on behalf

of company / firm / others:

• Any other information:

___________________________________ ___________________________________________________________________

_____________________________________

_______________________________________________________________________________

_________________________________________________________________________________• Number of years of Investment/Trading Experience:________________________________________________________________

L. ADDITIONAL DETAILS

J. PAST REGULATORY ACTIONS:

• Details of any action/proceedings initiated/pending/ taken by FMC/ SEBI / Stock exchange / Commodity exchange/any other authority against the client dealing in commodities during the last 3 years:___________________________________________________ _____________________

K. DEALINGS THROUGH AUTHORIZED PERSONS AND OTHER MEMBERS:

Member’s / AP’s Name:

Registered office address:

Exchange:

Exchange’s Registration number:

Phone Fax

Website

Details of disputes/dues pending from/to such Member/AP: ______________________________________________________________

• If client is dealing through the Member / Authorized Person (AP), provide the following details (incase dealing with multiple Members/APs, provide details of all in a separate sheet containing all the information as mentioned below) :

Concerned Member’s Name with whom the AP is registered:

Email:Client Code:

Introducer Address

Signature of the Introducer _______________________________________

Status of the Introducer: Authorized Person Existing Client Others, please specify_______________________________

Phone no.:

S u r n a m e N a m e M i d d l e N a m eName of Introducer

M. INTRODUCER DETAILS (OPTIONAL)

Employees Code

Version 09/2015

COMMODITIES

Min. (paise)Delivery (%)

Trading (Cash Leg) (%) Min. (paise)

• Special rates as may be agreed by the sub-broker/Authorised Person and client and the same are mentioned here.

Other charges will be debited charged to client’s Trading ledger.

1) Trading Account opening charges is Rs 552/- (Will be waived off in case of receipt of upfront payment of Rs 10000/- towards margin amount along with account opening application.)

2) Rs 10/- per transaction will be charged for Securities transferred on account of Inter-settlement and /or inter exchange and/or Securities movement Stock Broker’s pool and/or beneficiary account on client behalf, Rs 10/- per transaction will be charged

3) SEBI Turnover fees, STT, Service Tax , Stamp Duty and Transaction charges will be levied separately from brokerage as applicable from time to time

4) Delivery Handling charges ( DHC) would be levied on each sale transaction in case if the value of brokerage levied is less than Rs 20/- The value of DHC would be difference of Rs 20/- and the brokerage charged .

Signature of Client Signature of Sub Broker

F12?

29

ELECTRONIC CONTRACT NOTE [ECN] – DECLARATION

(APPENDIX - A)

To,ANAND RATHI COMMODITIES LTD.4th Floor, Silver Metropolis Jai Coach Compound,Opp. Bimbisar Nagar, Goregaon (E), Mumbai - 400 063.

Dear Sir,

I,____________________________________________________________________________________ a client with Member M/s._______________________________________________of___________________________ Exchange undertake as follows:

• I am aware that the Member has to provide physical contract note in respect of all the trades placed by me unless I myself want the same in the electronic form.

• I am aware that the Member has to provide electronic contract note for my convenience on my request only.

• Though the Member is required to deliver physical contract note, I find that it is inconvenient for me to receive physical contract notes. Therefore, I am voluntarily requesting for delivery of electronic contract note pertaining to all the trades carried out / ordered by me.

• I have access to a computer and am a regular internet user, having sufficient knowledge of handling the email operations.

• My email id is* ______________________________________________________. This has been created by me and not by someone else.

• I am aware that this declaration form should be in English or in any other language known to me.

• I am aware that non-receipt of bounced mail notification by the member shall amount to delivery of the contract note at the above e-mail ID.

The above declaration and the guidelines on ECN given in the Annexure have been read and understood by me. I am aware of the risk involved in dispensing with the physical contract note, and do hereby take full responsibility for the same.

*(The email id must be return in own handwriting of the client.)

Client Name: _________________________________________________________________________________________

Unique Client Code : __________________________________________ PAN: _______________________________________

Address : ___________________________________________________________________________________________

_________________________________________________________________________________________________

Signature of the client F24

Date :

Place:

Verification of the client signature done by,

Name of the designated officer of the Member______________________________________________________________________

Signature :_________________________

Date :

?___________________

D D M M Y Y Y Y

D D M M Y Y Y Y

Version 09/2015

LETTER OF AUTHORITY (VOLUNTARY)

Anand Rathi Commodities Ltd. (ARCL)4th Floor, Silver Metropolis,Jai Coach Compound, Opp. Bimbisar Nagar,Goregaon (E), Mumbai - 400 063

Dear Sirs,

Ref. Client Code

Sub: Letter of Authority for MCX, NCDEX / Commodity

I/We am/are dealing with you Commodity (MCX/NCDEX) and in order to facilitate ease of operations, I/We authorize you as under:

1. I/We authorise you to set off outstanding In any or my/our accounts against credits available or arising In any other accounts maintained with you Irrespective of the fact that such accounts may pertain to transaction in any of the Exchange and/or against the value of cash margin or collateral Securities provided to by me/us.

2. I/We authorise you to transfer funds to my accounts maintained with M/s. Anand Rathi Commodities Ltd. in MCX / NCDEX against my / our trades in MCX /NCDEX.

3. I/We request you to retain credit balance in any of my/our account and to use the idle funds towards my/our margin/future obligations at the Exchange unless I/We instruct you otherwise.

4. I/We confirm & agree to issue me/us as electronic/digital contract notes on the email id _______________________________ I/We undertake that the same shall be treated as valid contract note. Any change in the email id shall be communicated to the head office in writing.

5. The client hereby authorizes the trading member to maintain a Running Account of the client in order to facilitate the transfer of funds across segments/retain credit balance/to set off outstanding.

7. To square off my/our position of transactions that are not delivery market during intraday trade.

8. The client agrees to bear interest @ 18% p.a. which would be charged on outstanding dues in order to meet up with the client's obligations temporarily.

9. I have been made aware of the company's policies.

10. The above authorization can be revoked at any time at the client’s own discretion.

Date :

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F25?D D M M Y Y Y Y

Version 09/2015

ECN CONSENT

To,Anand Rathi Share and Stock Brokers Limited (ARSSBL)th 4 Floor, Silver metropolis,Jai Coach Compound, Opp. Bimbsar Nagar,Goregaon (E), Mumbai – 400 063.

Dear Sir(s),

Sub: Request for sending Contract Notes, Account Statements / Documents etc. on My/our Email ID

l / We am / are registered clients with Anand Rathi Shares and Stock Brokers Ltd. (ARSSBL) and dealing in Capital Market / Derivatives / Currency derivatives / SLB Market having client code allotted________________________.

In reference to my/our dealings with you as your client, I / We am / are aware that Contract Notes, M2M Bills, Daily margin statement, Trade confirmation, Ledgers, Transaction statement (Statement of Funds / Securities), report, letter, circulars, etc. can be received through electronic mode i.e. Email in order to facilitate ease of operations, l/We hereby authorise M/s. Anand Rathi Shares & Stock Brokers Ltd. to send above mentioned documents on following E-mail Id.

1. To receive Contract Note, Bills, Ledgers, Transaction statement (Statement of Funds / Securities), report, letter, circulars, etc. In electronic form at _________________________________________________ E-mail ld provided by me/us to ARSSBL in relation to trades / transaction done on the exchanges.

2. To complete the necessary formalities that is required under the provisions of the Information technology Act, 2000 for getting the above facility. l / We shall Initially download the specified software (signature verifier utility) or any other software as may be advised by stock broker from time to time on our computer and the same shall be used for receiving, viewing, storing the Contract Note, Bills, Ledgers, Transaction statement (Statement of Funds / Securities), reports, letters, circulars, etc that shall be sent by the ARSSBL from time to time in respect of the trades / transactions that have been executed by me/us through the stock broker.

3. I/We confirm that non-receipt of bounced mail notification by the member shall amount to delivery of the contract note at the above mentioned e-mail ID.

4. I / We hereby state that the said contract note(s) / bill(s) / Ledgers / Confirmation notes or any communication In respect of my / our transactions relating to my / our trading account with ARSSBL, at Email addresses mentioned in my lour request letter shall be treated as due discharge of obligation of the Member under the Rules and Regulations and bye-laws of SEBI and the stock exchange(s).

5. I / We hereby understand that whenever any of the above mentioned Electronic Documents are not delivered to me / us or has been bounced, the member shall send the document in the physical form.

6. I / We given to understand that M/s ARSSBL simultaneously publishes the ‘electronic documents’ on its designed website /online portal https://boclient.anandrathi.in in order to further strengthen the electronic communication channel.

7. The above service may require to, use password / digital signature and I / We will be responsible for confidentiality and proper use at all time of password / digital signature for all transactions initialed through the service.

8. I/We confirm & agree to issue me/us as electronic/digital contract notes on the above mentioned email id. I/We undertake that the same shall be treated as valid receipt of contract note.

In case of any change in my/our said E-mail Id, I/We undertake to intimate the same to you in writing through a physical letter.

Date :

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F26?

(VOLUNTARY)

D D M M Y Y Y Y

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LETTER OF AUTHORITY (VOLUNTARY)

Anand Rathi Share and Stock Brokers Ltd. (ARSSBL)4th Floor, Silver Metropolis,Jai Coach Compound, Opp. Bimbisar Nagar,Goregaon (E), Mumbai - 400 063.

Dear Sirs,

Ref. Client Code

Sub: Letter of Authority for NSE / BSE / MSEI / Cash & F&O / Currency Future / SLB

I/We am/are dealing with you (NSE / BSE / MSEI / Cash & F&O / Currency Future / SLB) and in order to facilitate ease of operations, I/We authorize you as under:

1. I/We authorise you to set off outstanding In any or my/our accounts against credits available or arising In any other accounts maintained with you Irrespective of the fact that such accounts may pertain to transaction in any of the Exchange and/or against the value of cash margin or collateral Securities provided to by me/us.

2. I/We request you to retain credit balance in any of my/our account and to use the idle funds towards my/our margin/future obligations at the Exchange unless I/We instruct you otherwise.

3. I/We request you to retain securities in your Demat account for my/our margin/future obligations, unless otherwise I/We instruct you to transfer the same to my/our account.

4. The client hereby authorizes the trading member to maintain a Running Account of the client in order to facilitate the transfer of funds across segments/retain credit balance/to set off outstanding.

5. I would like the mandatory settlement of the funds and securities (if applicable) as indicated below (tick against your preference).

Monthly Basis Quarterly Basis

6. As and when I/We require the funds/ securities, I /We be informing you of the same and on receipt of the instructions from me/us , same may be released within one working day of the request after verification and if the amount is due as per ARSSBL.

7. To square off my/our position of transactions that are not delivery market during intraday trade.

8. I/We hereby authorise you to set off the outstanding/debits in my account by disposing the securities available in my DP Account No. with you in case of default.

9. The client agrees to bear interest @ 18% p.a. which would be charged on outstanding dues in order to meet up with the client's obligations temporarily.

10. I have been made aware of the company's policies & procedure.

11. The above authorization can be revoked at any point of time at the client’s own discretion.

Date :

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F27?

D D M M Y Y Y Y

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33

MUTUAL FUND SERVICE SYSTEM FACILITY

(Letter to be provided by the investor to the participant)

Date: __________________

To, Anand Rathi Share & Stock Brokers Ltd. (ARSSBL)4th Floor, Silver Metropolis, Jai Coach Compound, Goregaon (East), Mumbai - 400 063.

Sir,

Sub: Mutual Fund Service System (MFSS) facility

I/We ___________________________________________________________ am/are registered as your client with Client Code No. _____________________ and have executed the Trading Member and Client Agreement for the purpose of trading in the Capital Market segment of National Stock Exchange of India Ltd. (Exchange).

I/We am/are interested in availing the MFSS facility of the Exchange for the purpose of dealing in the units of Mutual Funds Schemes permitted to be dealt with on the MFSS of the Exchange.

For the purpose of availing the MFSS facility, I/we state that Know Your Client details as submitted by me/us for the stock broking may be considered for the purpose of MFSS and I/we further confirm that the details contained in same remain unchanged as on date.

I/We are willing to abide by the terms and conditions as mentioned in the Circular No NSE / MFSS/003/2008 (Download Reference No : NSE/CMTR/13533) dated 24/11/2009 and as may be specified by the Exchange from time to time in this regard.

I/We shall ensure also compliance with the requirements as may be specified from time to time by Securities and Exchange Board of India and Association of Mutual Funds of India (AMFI).

I/We shall read and understand the contents of the of the Scheme Information Document and Key Information Memorandum, addenda issued regarding each Mutual Fund Schemes with respect to which I/we choose to subscribe/redeem. I/We further agree to abide by the terms and conditions, rules and regulations of the Mutual Fund Schemes.

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

Thanking you,

Yours faithfully,

(Client Signature)

F28?

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FATCA DECLARATION

CertificationI/We have understood the information requirements of this Form (read along with the FATCA/CRS Instructions) and hereby confirm that the information provided by me/us on this Form is true, correct, and complete. I/We also confirm that I/We have read and understood the FATCA CRS Terms and Conditions below and hereby accept the same.

Name:

Date:

Place:

Name:

D D M M Y Y Y Y

FATCA-CRS Terms and Conditions

The Central Board of Direct Taxes has notified Rules 114F to 114H, as part of the Income-tax Rules, 1962, which Rules require Indian financial institutions such as the Bank to seek additional personal, tax and beneficial owner information and certain certifications and documentation from all our account holders. In relevant cases, information will have to be reported to tax authorities/ appointed agencies. Towards compliance, we may also be required to provide information to any institutions such as withholding agents for the purpose of ensuring appropriate withholding from the account or any proceeds in relation thereto.

Should there be any change in any information provided by you, please ensure you advise us promptly, i.e., within 30 days.

Please note that you may receive more than one request for information if you have multiple relationships with Edelweiss Broking Limited or its group entities. Therefore, it is important that you respond to our request, even if you believe you have already supplied any previously requested information.

34 Version 09/2015

# To also include USA, where the individual is a citizen/ green card holder of USA% $ In case Tax Identification Number is not available, kindly provide functional equivalent

#Country %Tax Identification Number%Identification Type (TIN or Other ,

please specify)

If yes, please indicate indicate all countries in which you are resident for tax purpose and the associated Tax ID Numbers below.

Are you a tax resident of any other country other than India? Yes No

F33? S6 ?(First Holder) (Second Holder)

Declaration (Commodities)

Client ID :Client Name :

Client address :

Date :

To whomsoever it May concern

In pursuance to Exchange circulars MCX/300/2006 and MCX/338/2006 issued on August 1, 2006 and August 21, 2006 AND NCDEX/TRADING-114/2006/247 dated September 28, 2006 respectively in regard to the guidelines for calculation of open position to be held by a client registered with single member and/or multiple members I hereby undertake and confirm as under:-

Besides trading through ANAND RATHI GROUP as client bearing client id ____________________ I am also trading as a client with.

Sr. No. Broker Name Client Code

*KINDLY WRITE NOT APPLICABLE IF U DO NOT HAVE ACCOUNT WITH ANY ANOTHER BROKER IN THE ABOVE BOX. I am aware and further confirm that I am not violating open interest limit as prescribed by FMC / Exchange from time to time and the limit calculated as per Guidelines for calculation of net open position limit as per Circular No MCXl338/2006 dated August 21 2006 MCXl541/2006 dated December 7 2006 and NCDEX/TRADING-114/2006/247 dated September 28, 2006 modified thereafter from time to time.

(Client Signature)

Voluntary

FOR OFFICE USE ONLY

UCC Code allotted to the Client

Documents verified with Originals Client Interviewed By In-Person Verification done by

Name of the Employee

Employee Code

Designation of the employee

Date

Signature

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

Signature of the Authorised Signatory

Date : Seal/Stamp of the stock brokerD D M M Y Y Y Y

¨¨

(Originals verified) True copies of documents received

(Self-Attested) Self Certified Document copies received

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

2. The stock broker, sub-broker and the client shall be bound by all the Rules, Byelaws and Regulations of the Exchange and circulars/notices issued there under and Rules and Regulations of SEBI and relevant notifications of Government authorities as may be in force from time to time.

3. The client shall satisfy itself of the capacity of the stock broker to deal in securities and/or deal in derivatives contracts and wishes to execute its orders through the stock broker and the client shall from time to time continue to satisfy itself of such capability of the stock broker before executing orders through the stock broker.

4. The stock broker shall continuously satisfy itself about the genuineness and financial soundness of the client and investment objectives relevant to the services to be provided.

5. The stock broker shall take steps to make the client aware of the precise nature of the Stock broker’s liability for business to be conducted, including any limitations, the liability and the capacity in which the stock broker acts.

6. The sub-broker shall provide necessary assistance and co-operate with the stock broker in all its dealings with the client(s).

CLIENT INFORMATION

7. The client shall furnish all such details in full as are required by the stock broker in “Account Opening Form” with supporting details, made mandatory by stock exchanges/SEBI from time to time.

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

9. The client shall immediately notify the stock broker in writing if there is any change in the information in the account opening form’ as provided at the time of account opening and thereafter; including the information on winding up petition/insolvency petition or any litigation which may have material bearing on his capacity. The client shall provide / update the financial information to the stock broker on a periodic basis.

10. The stock broker and sub-boroker shall maintain all the details of the client as mentioned in the account opening form or any other information pertaining to the client, confidentially and that they shall not disclose the same to any person/authority except as required under any law/regulatory requirements. Provided however that the stock broker may so disclose information about his client to any person or authority with the express permission of the client.

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RIGHTS AND OBLIGATIONS OF STOCK BROKERS, SUB-BROKERS AND CLIENTS

As Prescribed by SEBI and Stock Exchanges

Equity

MARGINS

11. The client shall pay applicable initial margins, withholding margins, special margins or such other margins as are considered necessary by the stock broker or the Exchange or as may be directed by SEBI from time to time as applicable to the segment(s) in which the client trades. The stock broker is permitted in its sole and absolute discretion to collect additional margins (even though not required by the Exchange, Clearing House/Clearing Corporation or SEBI) and the client shall be obliged to pay such margins within the stipulated time.

12. The client understands that payment of margins by the client does not necessarily imply complete satisfaction of all dues, In spite of consistently having paid margins, the client may, on the settlement of its trade, be obliged to pay (or entitled to receive) such further sums as the contract may dictate/require.

TRANSACTIONS AND SETTLEMENTS

13. The client shall give any order for buy or sell of a security / derivatives contract in writing or in such form or manner, as may be mutually agreed between the client and the stock broker, The stock broker shall ensure to place orders and execute the trades of the client, only in the Unique Client Code assigned to that client.

14. The stock broker shall inform the client and keep him apprised about trading / settlement cycles, delivery/payment schedules, any changes therein from time to time, and it shall be the responsibility in turn of the client to comply with such schedules / procedures of the relevant stock exchange where the trade is executed.

15. The stock broker shall ensure that the money/securities deposited by the client shall be kept in a separate account, distinct from his/its own account or account of any other client and shall not be used by the stock broker for himself/itself or for any other client or for any purpose other than the purposes mentioned in Rules, Regulations, circulars, notices, guidelines of SEBI and/or Rules, Regulations, Bye-laws, circulars and notices of Exchange.

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

17. The transactions executed on the Exchange are subject to Rules, Byelaws and Regulations and circulars/notices issued thereunder of the Exchanges where the trade is executed and all parties to such trade shall have submitted to the jurisdiction of such court as may be specified by the Byelaws and Regulations of the Exchanges where the trade is executed for the purpose of giving effect to the provisions of the Rules, Byelaws and Regulations of the Exchanges and the circulars/notices issued thereunder.

BROKERAGE

18. The Client shall pay to the stock broker brokerage and statutory levies as

37

are prevailing from time to time and as they apply to the Clients account, transactions and to the services that stock broker renders to the Client. The stock broker shall not charge brokerage more than the maximum brokerage permissible as per the rules, regulations and bye-laws of the relevant stock exchanges and/or rules and regulations of SEBI.

LIQUIDATION AND CLOSE OUT OF POSITION

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

20. In the event of death or insolvency of the client or his/its otherwise becoming incapable of receiving and paying for or delivering or transferring securities which the client has ordered to be bought or sold, stock broker may close out the transaction of the client and claim losses, if any, against the estate of the client. The client or his nominees, successors, heirs and assignee shall be entitled to any surplus which may result there from. The client shall note that transfer of funds/securities in favour of a Nominee shall be valid discharge by the stock broker against the legal heir.

21. The stock broker shall bring to the notice of the relevant Exchange the information about default in payment / delivery and related aspects by a client. In case where defaulting client is a corporate entity / partnership/proprietary firm or any other artificial legal entity, then the name(s) of Director(s) / Promoter(s) / Partner(s) / Proprietor as the case may be, shall also be communicated by the stock broker to the relevant Exchange(s).

DISPUTE RESOLUTION

22. The stock broker shall provide the client with the relevant contact details of the concerned Exchanges and SEBI.

23. The stock broker shall co-operate in redressing grievances of the client in respect of all transactions routed through it and in removing objections for bad delivery of shares, rectification of bad delivery, etc.

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

25. The stock broker shall ensure faster settlement of any arbitration proceedings arising out of the transactions entered into between him vis-a-vis the client and he shall be liable to implement the arbitration awards made in such proceedings.

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

TERMINATION OF RELATIONSHIP

27. This relationship between the stock broker and the client shall be terminated; if the stock broker for any reason ceases to be a member of the stock exchange including cessation of membership by reason of the stock broker’s default, death, resignation or expulsion or if the certificate is cancelled by the Board.

28. The stock broker, sub-broker and the client shall be entitled to terminate the relationship between them without giving any reasons to the other party, after giving notice in writing of not less than one month to the other parties. Notwithstanding any such termination, all rights, liabilities and obligations of the parties arising out of or in respect of transactions entered into prior to the termination of this relationship shall continue to subsist and vest in / be binding on the respective parties or his / its respective heirs, executors, administrators, legal representatives or successors, as the case may be.

29. In the event of demise/insolvency of the sub-broker or the cancellation of his/its registration with the Board or/withdrawal of recognition of the sub-broker by the stock exchange and/or termination of the agreement with the sub broker by the stock broker, for any reason whatsoever, the client shall be informed of such termination and the client shall be deemed to be the direct client of the stock broker and all clauses in the ‘Rights and Obligations’ document(s) governing the stock broker, sub-broker and client shall continue to be in force as it is, unless the client intimates to the stock broker his/its intention to terminate their relationship by giving a notice in writing of not less than one month.

ADDITIONAL RIGHTS AND OBLIGATIONS

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

31. The stock broker and client shall reconcile and settle their accounts from time to time as per the Rules, Regulations, Bye Laws, Circulars, Notices and Guidelines issued by SEBI and the relevant Exchanges where the trade is executed.

32. The stock broker shall issue a contract note to his constituents for trades executed in such format as may be prescribed by the Exchange from time to time containing records of all transactions including details of order number, trade number trade time, trade price, trade quantity, details of the derivatives contract, client code, brokerage, all charges levied etc. and with all other relevant details as required therein to be filled in and issued in such manner and within such time as prescribed by the Exchange. The stock broker shall send contract notes to the investors within one working day of the execution of the trades in hard copy and/or in electronic form using digital signature.

33. The stock broker shall make pay out of funds or delivery of securities, as the case may be, to the Client within one working day of receipt of the payout from the relevant Exchange where the trade is executed unless otherwise specified by the client and subject to such terms and conditions as may be prescribed by the relevant Exchange from time to time where the trade is executed.

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34. The stock broker shall send a complete ‘Statement of Accounts’ for both funds and securities in respect of each of its clients in such periodicity and format within such time, as may be prescribed by the relevant Exchange, from time to time, where the trade is executed. The Statement shall also state that the client shall report errors, if any, in the Statement within such time as may be prescribed by the relevant Exchange from time to time where the trade was executed, from the receipt thereof to the Stock broker.

35. The stock broker shall send daily margin statements to the clients. Daily Margin statement should include, inter-alia, details of collateral deposited, collateral utilized and collateral status (available balance/due from client) with break up in terms of cash, Fixed Deposit Receipts (FDRs), Bank Guarantee and securities.

36. The Client shall ensure that it has the required legal capacity to, and is authorized to, enter into the relationship with stock broker and is capable of performing his obligations and undertakings hereunder. All actions required to be taken to ensure compliance of all the transactions, which the Client may enter into shall be completed by the Client prior to such transaction being entered into.

ELECTRONIC CONTRACT NOTES (ECN)

37. In case, client opts to receive the contract note in electronic form, he shall provide an appropriate e-mail id to the stock broker. The client shall communicate to the stock broker any change in the email-id through a physical letter. If the client has opted for internet trading, the request for change of email id may be made through the secured access by way of client specific user id and password.

38. The stock broker shall ensure that all ECNs sent through the e-mail shall be digitally signed, encrypted, non-tamper able and in compliance with the provisions of the IT Act, 2000. In case, ECN is sent through e-mail as an attachment, the attached file shall also be secured with the digital signature, encrypted and non-tamperable.

39. The client shall note that non-receipt of bounce mail notification by the stock broker shall amount to delivery of the contract note at the e-mail ID of the client.

40. The stock broker shall retain ECN and acknowledgement of the e-mail in a soft and non-tamperable form in the manner prescribed by the exchange in compliance with the provisions of the IT Act, 2000 and as per the extant rules / regulations / circulars / guidelines issued by SEBI / Stock Exchanges from time to time. The proof of delivery i.e. log report generated by the system at the time of sending the contract notes shall be maintained by the stock broker for the specified period under the extant regulations SEBI/stock exchanges. The log report shall provide the details of the contract notes that are not delivered to the client/e-mails rejected or bounced back. The stock broker shall take all possible steps to ensure receipt of notification of bounced mails by him at all times within the stipulated time period under the extant regulations of SEBI/stock exchanges.

41. The stock broker shall continue to send contract notes in the physical mode to such clients who do not opt to receive the contract notes in the electronic form. Wherever the ECNs have not been delivered to the client or has been rejected (bouncing of mails) by the e-mail ID of the-client, the stock broker shall send a physical contract note to the client within the stipulated time under the extant regulations of SEBI / stock exchanges and maintain the proof of delivery of such physical contract notes.

42. In addition to the e-mail communication of the ECNs to the client, the stock broker shall simultaneously publish the ECN on his designated web-site, if any, in a secured way and enable relevant access to the clients and for this purpose, shall allot a unique user name and password to the client, with an option to the client to save the contract note electronically and/or take a print out of the same.

LAW AND JURISDICTION

43. In addition to the specific rights set out in this document, the stock broker, sub-broker and the client shall be entitled to exercise any other rights which the stock broker or the client may have under the Rules, Bye-laws and Regulations of the Excnanges in which the client chooses to trade and circulars/notices issued thereunder or Rules and Regulations of SEBI.

44. The provisions of this document shall always be subject to Government notifications, any rules, regulations, guidelines and circulars/notices issued by SEBI and Rules, Regulations and Bye laws of the relevant stock exchanges, where the trade is executed, that may be in force from time to time.

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

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

47. All additional voluntary clauses/document added by the stock broker should not be in contravention with rules / regulations / notices / circulars of Exchanges / SEBI. Any changes in such voluntary clauses / document(s) need to be preceded by a notice of 15 days. Any changes in the rights and obligations which are specified by Exchanges / SEBI shall also be brought to the notice of the client.

48. If the rights and obligations of the parties hereto are altered by virtue of change in Rules and regulations of SEBI or Bye-laws, Rules and Regulations of the relevant stock Exchanges where the trade is executed, such changes shall be deemed to have been incorporated herein in modification of the rights and obligations of the parties mentioned in this document.

Version 09/2015

1. Stock broker is eligible or providing Internet based trading (IBT) and securities trading through the use of wireless technology that shall include the use of devices such as mobile phone, laptop with data card, etc. which use Internet Protocol (IP). The stock broker shall comply with all requirements applicable to internet based trading / securities trading using wireless technology as may be specified by SEBI & the Exchanges from time to time.

2. The client is desirous of investing/trading in securities and for this purpose, the client is desirous of using either the internet based trading facility or the facility for securities trading through use of wireless technology. The Stock broker shall provide the Stock broker’s IBT Service to the Client, and the Client shall avail of the Stock broker’s IBT Service, on and subject to SEBI/Exchanges Provisions and the terms and conditions specified on the Stock broker’s IBT Web Site provided that they are in line with the norms prescribed by Exchanges/SEBI.

3. The stock broker shall bring to the notice of client the features, risks, responsibilities, obligations and liabilities associated with securities trading through wireless technology / internet / smart order routing or any other technology should be brought to the notice of the client by the stock broker.

4. The stock broker shall make the client aware that the Stock Brokers IBT system it self generates the initial password and its password policy as stipulated in line with norms prescribed by Exchanges/SEBI.

5. The Client shall be responsible for keeping the Username and Password confidential and secure and shall be solely responsible for all orders entered and transactions done by the person whosoever through the Stock brokers IBT System using the Client’s Username and/or Password whether or not such person was authorized to do so Also the client is aware that authentication technologies and strict security measures are required for the internet trading/securities trading through wireless technology through order routed system and undertakes to ensure that the password

INTERNET & WIRELESS TECHNOLOGY BASED TRADING FACILITY PROVIDED BY STOCK BROKERS TO CLIENT (All the clauses mentioned in the ‘Rights and Obligations’ document(s) shall be applicable. Additionally, the clauses mentioned herein shall also be applicable.)

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of the client and/or his authorized representative are not revealed to any third party including employees and dealers of the stock broker

6. The Client shall immediately notify the Stock broker in writing if he forgets his password, discovers security flaw in Stock Broker’s IB’ System, discovers/suspects discrepancies/ unauthorized access through his usemame/password/account with full,details of such unauthorized use, the date, the manner and the transactions effected pursuant to such unauthorized use, etc.

7. The Client is fully aware of and understands the risks associated with availing of a service for routing orders over the internet/securities trading through wireless technology and Client shall be fully liable and responsible for any and all acts done in the Client’s Usemame/password in any manner whatsoever.

8. The stock broker shall send the order/trade confirmation through email to the client at his request. The client is aware that the order/ trade confirmation is also provided on the web portal. In case client is trading using wireless technology, the stock broker shall send the order/trade confirmation on the device of the client.

9. The client is aware that trading over the internet involves many uncertain factors and complex hardware, software, systems, communication lines, peripherals, etc. are susceptible to interruptions and dislocations. The Stock broker and the Exchange do not make any representation or warranty that the Stock broker’s IBT Service will be available to the Client at all times without any interruption.

10. The Client shall not have any claim against the Exchange or the Stock broker on account of any suspension, interruption, non-availability or malfunctioning of the Stock broker’s IBT System or Service or the Exchange’s service or systems or non-execution of his orders due to any link/system failure at the Client/Stock brokers/Exchange end for any reason beyond the control of the stock broker/Exchanges.

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a

T is s a e is intention lly kept blank

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RISK DISCLOSURE DOCUMENT FOR CAPITAL MARKET / CDS AND DERIVATIVES SEGMENTS

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

Stock exchanges/SEBI does neither singly or jointly and expressly nor impliedly guarantee nor make any representation concerning the completeness, the adequacy or accuracy of this disclosure document nor have Stock exchanges /SEBI endorsed or passed any merits of participating in the trading segments. This brief statement does not disclose all the risks and other significant aspects of trading.

In the light of the risks involved you should undertake transactions only if you understand the nature of the relationship into which you are entering and the extent of your exposure to risk.

You must know and appreciate that trading in Equity shares, derivatives contracts or other instruments traded on the Stock Exchange, which have varying element of risk, is generally not an appropriate avenue for someone of limited resources/limited investment and/or trading experience and low risk tolerance. You should therefore carefully consider whether such trading is suitable for you in the light of your financial condition. In case you trade on Stock exchanges and suffer adverse consequences or loss, you shall be solely responsible for the same and Stock exchanges/its Clearing Corporation and/or SEBI shall not be responsible, in any manner whatsoever, for the same and it will not be open for you to take a plea that no adequate disclosure regarding the risks involved was made or that you were not explained the full risk involved by the concerned stock broker. The constituent shall be solely responsible for the consequences and no contract can be rescinded on that account. You must acknowledge and accept that there can be no guarantee of profits or no exception from losses while executing orders for purchase and/or sale of a derivative contract being traded on Stock exchanges.

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

Stock exchanges does not provide or purport to provide any advice and shall not be liable to any person who enters into any business relationship with any stock broker of Stock exchanges and/or any third party based on any information contained in this document. Any information contained in this document must not be construed as business advice. No consideration to trade should be made without thoroughly understanding and reviewing the risks involved in such trading. If you are unsure, you must seek professional advice on the same.

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

1. BASIC RISKS:

1.1 Risk of Higher Volatility:

Volatility refers to the dynamic changes in price that a security/derivatives contract undergoes when trading activity continues /on the Stock Exchanges. Generally, higher the volatility of a security/derivatives contract, greater is its price swings. There may be normally greater volatility in thinly traded securities / derivatives contracts than in active securities /derivatives contracts. As a result of volatility your order may only be partially executed or not executed at all, or the price at which your order got executed may be substantially different from the last traded price or change substantially thereafter, resulting in notional or real losses.

1.2 Risk of Lower Liquidity:

Liquidity refers to the ability of market participants to buy and/or sell securities / derivatives contracts expeditiously at a competitive price and with minimal price difference. Generally, it is assumed that more the numbers of orders available in a

market, greater is the liquidity. Liquidity is important because with greater liquidity, it is easier for investors to buy and/or sell securities / derivatives contracts swiftly and with minimal price difference, and as a result, investors are more likely to pay or receive a competitive price for securities / derivatives contracts purchased or sold. There may be a risk of lower liquidity in some securities / derivatives contracts as compared to active securities / derivatives contracts. As a result, your order may only be partially executed, or may be executed with relatively greater price difference or may not be executed at all.

1.2.1 Buying or selling securities / derivatives contracts as part of a day trading strategy may also result into losses, because in such a situation, securities / derivatives contracts may have to be sold / purchased at low / high prices, compared to the expected price levels, so as not to have any open position or obligation to deliver or receive a security / derivatives contract.

1.3 Risk of Wider Spreads:

Spread refers to the difference in best buy price and best sell price. It represents the differential between the price of buying a security / derivatives contract and immediately selling it or vice versa. Lower liquidity and higher volatility may result in wider than normal spreads for less liquid or illiquid securities / derivatives contracts. This in turn will hamper better price formation.

1.4 Risk-reducing orders:

The placing of orders (e.g., “stop loss" orders or “limit” orders) which are intended to limit losses to certain amounts may not be effective many a time because rapid movement in market conditions may make it impossible to execute such orders.

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

1.4.2 A “limit” order will be executed only at the “limit” price specified for the order or a better price. However, while the customer receives price protection, there is a possibility that the order may not be executed at all.

1.4.3 A stop loss order is generally placed “away” from the current price of a stock / derivatives contract, and such order gets activated if and when the security / derivatives contract reaches, or trades through, the stop price. Sell stop orders are entered ordinarily below the current price, and buy stop orders are entered ordinarily above the current price. When the security / derivatives contract reaches the pre .-determined price, or trades through such price, the stop loss order converts to a market/limit order and is executed at the limit or better. There is no assurance therefore that the limit order will be executable since a security / derivatives contract might penetrate the pre-determined price, in which case, the risk of such order not getting executed arises just as with a regular limit order.

1.5 Risk of News Announcements:

News announcements that may impact the price of stock / derivatives contract may occur during trading, and when combined ‘’with lower liquidity and higher volatility, may suddenly cause an unexpected positive or negative movement in the price of the security / contract.

1.6 Risk of Rumors:

Rumors about companies / currencies at times float in the market through word of mouth, newspapers, websites or news agencies, etc. The investors should be wary of and should desist from acting on rumors.

1.7 System Risk:

High volume trading will frequently occur at the market opening and before market close. Such high volumes may also occur at any point in the day. These may cause delays in order execution or confirmation.

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1.7.1 During periods of volatility on account of market participants continuously modifying their order quantity or prices or placing fresh orders, there may be delays in order execution and its confirmations.

1.7.2 Under certain market conditions, it may be difficult or impossible to liquidate a position in the market at a reasonable price or-at all, when there are no outstanding orders either on the buy side or the sell side, or if trading is halted in a security / derivatives contract due to any action on account of unusual trading activity or security / derivatives contract hitting circuit filters or for any other reason

1.8 System/Network Congestion:

Trading on exchanges is in electronic mode, based on satellite / leased line based communications, combination of technologies and computer systems to place and route orders. Thus, there exists a possibility of communication failure or system problems or slow or delayed response from system or trading halt, or any such other problem/glitch whereby not being able to establish access to the trading system/network, which may be beyond control and may result in delay in processing or not processing buy or sell orders either in part or in full. You are cautioned to note that although these problems may be temporary in nature, but when you have outstanding open positions or unexecuted orders, these represent a risk because of your obligations to settle all executed transactions.

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

2.1 Effect of “Leverage” or “Gearing”:

In the derivatives market, the amount of margin is small relative to the value of the derivatives contract so the transactions are ‘leveraged’ or ‘geared’. Derivatives trading, which is conducted with a relatively small amount of margin, provides the possibility of great profit or loss in comparison with the margin amount. But transactions in derivatives carry a high degree of risk.

You should therefore completely understand the following statements before actually trading in derivatives and also trade with caution while taking into account one’s circumstances, financial resources, etc. If the prices move against you, you may lose a part of or whole margin amount in a relatively short period of time. Moreover, the loss may exceed the original margin amount.

A. Futures trading involve daily settlement of all positions. Every day the open positions are marked to market based on the ‘closing level of the index / derivatives contract. If the contract has moved against you, you will be required to deposit the amount of loss (notional) resulting from such movement. This amount will have to be paid within a stipulated time frame, generally before commencement of trading on next day.

B. If you fail to deposit the additional amount by the deadline or if an outstanding debt occurs in your account, the stock broker may liquidate a part of or the whole position or substitute securities. In this case, you will be liable for any losses incurred due to such close-outs

C. Under certain market conditions, an investor may find it difficult or impossible to execute transactions. For example, this situation can occur due to factors such as illiquidity i.e. when there are insufficient bids or offers or suspension of trading due to price limit or circuit breakers etc

D. In order to maintain market stability, the following steps may be adopted: changes in the margin rate, increases in the cash margin rate or others. These new measures may also be applied to the existing open interests. In such conditions, you will be required to put up additional margins or reduce your positions.

E. You must ask your broker to provide the full details of derivatives contracts you plan to trade i.e. the contract specifications and the associated obligations

2.2 Currency specific risks:

1. The profit or loss in transactions in foreign currency-denominated contracts, whether they are traded in your own or another jurisdiction, will be affected by

fluctuations in currency rates where there is a need to convert from the currency denomination of the contract to another currency.

2. Under certain market conditions you may find it difficult or impossible to liquidate a position. This can occur, for example when a currency is deregulated or fix trading band are widened.

3. Currency prices are highly volatile Price movements for currencies are influenced by, among other things: changing supply-demand relationships; trade, fiscal, monetary, exchange control programs and policies of governments; foreign political and economic events and policies; changes in national and international interest rates and inflation; currency/devaluation; and sentiment of the market place. None of these factors can be controlled by any individual advisor and no assurance can be given that an advisor’s advice will result in profitable trades for a participating customer or that a customer will not incur losses from such events.

2.3 Risk of Option holders:

1. An option holder runs the risk of losing the entire amount paid for the option in a relatively short period of time. This risk reflects the nature of an option as a wasting asset which becomes worthless when it expires. An option holder who neither/sells his option in the secondary market nor exercises it prior to its expiration will necessarily lose his entire investment in the option. If the price of the underlying does not change in the anticipated direction before the option expires, to an extent sufficient to cover the cost of the option, the investor may lose all or a significant part of his investment in the option.

2. The Exchanges may impose exercise restrictions and have absolute authority to restrict the exercise of options at certain ‘ times in specified circumstances

2.4 Risks of Option Writers:

1. If the price movement of the underlying is not in the anticipated direction, the option writer runs the risks of losing substantial amount.

2. The risk of being an option writer may be reduced by the purchase of other options on the same underlying interest and thereby assuming a spread position or by acquiring other types of hedging positions in the options markets or other markets. However, even where the writer nas assumed a spread or other hedging position, the risks may still be significant. A spread position is not necessarily less risky than a simple ‘long’ or ‘short’ position.

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

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

Any additional provisions defining the features, risks, responsibilities, obligations and liabilities associated with securities trading through wireless technology/ smart order routing or any other technology should be brought to the notice of the client by the stock broker.

4. GENERAL

4. 1 The term ‘constituent’ shall mean and include a client, a customer or an investor, who deals with a stock broker for the purpose of acquiring and/or selling of securities / derivatives contracts through the mechanism provided by the Exchanges.

4.2 The term stock broker shall mean and include a stock broker, a broker or a stock broker, who has been admitted as such by the Exchanges and who holds a registration certificate from SEBI.

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GUIDENCE NOTE - DO’s AND DON’Ts FOR TRADING ON THE EXCHANGE(S) FOR INVESTORS

BEFORE YOU BEGIN TO TRADE

1. Ensure that you deal with and through only SEBI registered intermediaries. You may check their SEBI registration certificate number from the list available on the Stock exchanges BSE : www.bseindia.com, NSE : www.nseindia.com, MSEI : www.msei.in and SEBI Website : www.sebi.gov.in

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

3. Ensure that you have read all the mandatory documents viz. Rights and Obligations, Risk Disclosure Document, Policy and Procedure document of the stock broker.

4. Ensure to read, understand and then sign the voluntary clauses, if any, agreed between you and the stock broker. Note that the clauses as agreed between you and the stock broker cannot be changed without your consent.

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

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

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


8. The stock broker may issue electronic contract notes (ECN) if specifically authorized by you in writing. You should provide your email id to the stock broker for the same. Don’t opt for ECN if you are not familiar with computers.

9. Don’t share your internet trading account’s password with any one.

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

11. Make the payments by account payee cheque in favour of the stock broker. Don’t issue cheques in the name of sub-broker. Ensure that you have a documentary proof of your payment/deposit of securities with the stock broker, stating date, scrip, quantity, towards which bank/ demat account such money or securities deposited and from which bank/ demat account.

12. Note that facility of Trade Verification is available on stock exchanges’ websites, where details of trade as mentioned in the contract note may be verified. Where trade details on the website do not tally with the details mentioned in the contract note, immediately get in touch with the Investors Grievance Cell of the relevant Stock exchange.

13. In case you have given specific authorization for maintaining running account, payout of funds or delivery of securities (as the case may be), may not be made to you within one working day from the receipt of payout from the Exchange. Thus, the stock broker shall maintain running account for you subject to the following conditions:

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

b) The actual settlement of funds and securities shall be done by the stock broker, at least once in a calendar quarter or month, depending on your preference. While settling the account, the stock broker shall send to you a ‘statement of accounts’ containing an extract from the client ledger for funds and an extract from the register of securities

displaying all the receipts/deliveries of funds and securities. The statement shall also explain the retention of funds and securities and the details of the pledged shares, if any.

c) On the date of settlement the stock broker may retain the requisite securities/funds towards outstanding obligations and may also retain the funds expected to be required to meet derivatives margin obligations for next 5 trading days, calculated in the manner specified by the exchanges. In respect of cash market transactions, the stock broker may retain entire pay-in obligation of funds and securities due from clients as on date of settlement and for next day’s business, he may retain funds/securities/margin to the extent of value of transactions executed on the day of such settlement in the cash market

d) You need to bring any dispute arising from the statement of account or settlement so made to the notice of the stock broker in writing preferably within 7 (seven) working days from the date of receipt of funds/securities or statement, as the case may be. In case of dispute refer the matter in writing to the investor Grievance Cell of the relevant Stock exchanges without delay.

14. In case you have not opted tor maintaining running account and pay-out of funds/securities is not received on the next working day of the receipt of payout from the exchanges, please refer the matter to the stock broker. In case there is dispute, ensure that you lodge a complaint in writing immediately with the Investors Grievance Cell of the relevant Stock exchange.

15. Please register your mobile number and email id with the stock broker, to receive trade confirmation alerts / details of the transactions through SMS or email, by the end of the trading day, from the stock exchanges.

IN CASE OF TERMINATION OF TRADING MEMBERSHIP

16. In case, a stock broker surrenders his membership, is expelled from membership or declared a defaulter; Stock exchanges gives a public notice inviting claims relating to only the “transactions executed on the trading system” of Stock exchange, from the investors Ensure that you lodge a claim with the relevant Stock exchanges within the stipulated period and with the supporting documents

17. Familiarize yourself with the protection accorded to the money and/or securities you may deposit with your stock broker, particularly in the event of a default or the stock broker’s insolvency or bankruptcy and the extent to which you may recover such money and/or securities may be governed by the Bye-laws and Regulations of the relevant Stock exchange where the trade was executed and the scheme of the Investors’ Protection Fund in force from time to time.

DISPUTES/ COMPLAINTS

18. Please note that the details of the arbitration proceedings, penal action against the brokers and investor complaints against the stock brokers are displayed on the website of the relevant Stock exchange.

19. In case your issue/problem/grievance is not being sorted out by concern stock broker/sub-broker then you may take up the matter with the concerned Stock exchange. If you are not satisfied with the resolution of your complaint then you can escalate the matter to SEBI

20. Note that all the stock broker/sub-brokers have been mandated by SEBI to designate an e-mail ID of the grievance redressal division/compliance officer exclusively for the purpose of registering complaints.

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POLICIES & PROCEDURES

The policies and procedures of Anand Rathi Share and Stock Brokers Limited (ARSSBL) for cash, Derivatives and Currency Derivatives segment as per SEBI Circular no. MIRSD / SE / Cir 19/2009 dated 03/12/2009, which are presently in force in relation to:

(a) Refusal of orders for penny stocks,

(b) Setting up client’s exposure limits,

(c) Applicable Brokerage Rate,

(d) Imposition of penalty / delayed payment charges by either party, specifying the rate and the period (This must not result in funding by the broker in contravention of the applicable laws),

(e) The right to sell clients securities or close clients positions, without giving notice to the client, on account of non-payment of clients dues (Limited to the extent of settlement / margin obligation),

(f) Shortages in obligations arising out of internal netting of trades,

(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,

(h) Temporarily suspending or closing a clients account at the clients request,

(i) Deregistering a client,

(j) Procedure for Activation of in operative accounts

(a) Refusal of orders for penny stocks:

Penny/ illiquid Stocks are traded at relatively low price and market capitalization.

Anand Rathi Share and Stock Brokers Limited (ARSSBL) shall have absolute discretion to accept, refuse or partially accept any buy or sell order for execution from a client in respect of penny stocks, illiquid stocks, stocks having low liquidity, illiquid “options”, far month “options”, writing of “options”, and any other contracts which as per the perception of ARSSBL are extremely volatile or subject to Market manipulation.

ARSSBL may permit restrictive acceptance of orders in such scrips/contracts in controlled environments like orders received from clients being forwarded by branches to a centralized desk at HO instead of allowing trading in such scrips/contracts at branch level or through online trading platform. ARSSBL shall not be responsible for delay in execution of such orders and consequential opportunity loss or financial loss to the client.

ARSSBL may take appropriate declarations from the clients before accepting such orders.

ARSSBL shall have the prerogative to place such restrictions, notwithstanding the fact that the client has adequate credit balance or margin available in his account and/or the client had previously purchased or sold such securities/contracts through ARSSBL itself.

(b) Setting up client’s Margin Limits:

Margin Limit in Cash segment: ARSSBL Provides Margin based limit following the VAR and Extreme loss margin applies to scrip as per NSE and BSE VAR files. The Minimum VAR Margin % can be changed by ARSSBL from

time to time at its discretion. Hence Exposure for intraday and delivery transactions can be multiple (varying from scrip to scrip based on VAR applies to scrip) of the ledger balance ,value of collateral benefit after applying haircut on holding lying in the client account and credit for sales .

The value of the “multiple” and the “haircut” shall be decided by ARSSBL based on market volatility and quality of collaterals.

Limit on the basis of unsettled sales and uncleared cheques will be at discretion of ARSSBL.

Margin Limit for F&O & Currency segment: ARSSBL provides margin limit in F&O and Currency segments based on availability of initial and exposure margin upfront available into the client account in the form Ledger, cash collateral and non cash collateral (i.e. approved scrips after appropriate hair cut and lying in the collateral account)

Client-wise differential limits: ARSSBL shall have the prerogative to allow differential limits in Cash, F&O and Currency segments varying from client to client, depending upon credit worthiness and past conduct of each client or any other criteria which ARSSBL may find suitable.

ARSSBL Discretions on limits:

(i) ARSSBL has discretion to change the limits on the basis of risk perception and other factors considered relevant (such as broker level/exchange level limits in specific securities or volume specific exposures based on surveillance measures)

(ii) ARSSBL shall not be able to inform the client of such variation, reduction or imposition in advance.

(iii) ARSSBL shall not be responsible for client’s inability to execute any order on account of any such variation, reduction or imposition of limits.

(c) Applicable Brokerage Rates:

Brokerage will be applied as per the rates agreed upon with the client at the time of signing of KYC at the time of registration of the client or subsequently through a written communication between the client and ARSSBL. The rate of brokerage shall not exceed the maximum brokerage permissible under SEBI/Exchange bye-laws.

The brokerage shall however be exclusive of the following:

• DP Annual maintenance charges

• DP transaction charges / Pledge/ Re-pledge/Demat/Remat charges

• Account opening charges

• Delayed payment charges

• Penalties levied by Exchange, due to fault of client

• Research advisory charges only if the client specifically give consents

• Bank charges toward received unpaid at actual

• Statutory charges payable to Exchange /SEBI / Govt. Authorities etc.,

• SEBI / Exchange

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(d) Imposition of penalty / delayed payment charges by either party, specifying the rate and the period (This must not result in funding by the broker in contravention of the applicable laws)

Delayed payment charges /charges on Exposure against collaterals:

Pursuant to Exchange bye-laws, the ARSSBL is currently required to make pay-in of funds to the Exchange by T+2 morning, and arrange delivery of securities to the Exchange latest by T+2 morning. Further ARSSBL is also required to maintain adequate upfront margins with the Exchange to avail exposure for trading. The Exchanges have also defined the ratios in which the cash and collaterals are to be deposited and maintained by the Member broker. In addition the Exchange requires the member broker to pay some of the margins like Mark to Market losses in Cheque only.

In order to manage its working capital, ARSSBL requires fullest co-operation of the clients in meeting their respective obligation towards pay-in and margins.

ARSSBL is therefore authorized by client to charge a delayed payment penalty charges 18%,as per company policy, on account of delays /failure by the client in meeting the pay-in obligations on the scheduled date and also where the clients take exposure in F&O & Currency segments by depositing collaterals in a ratio which is disproportionate to the Cash versus collaterals ratios prescribed by the Exchanges.

While levying delayed payment charges or interest on the debit balance in the running account of a client, ARSSBL may consider any credit balance in the other family or group account of the client.

Penalties levied by Exchange:

Further Exchanges levy various penalties on the ARSSBL on auction resulting from short deliveries, non-adherence to client-wise exposure limits, client-wise shortfall in F&O & Currency segments margin and for other reasons, which may be defined by the Exchange from time to time.

ARSSBL is therefore authorized to pass on any penalty imposed by the Exchange/ SEBI and or any other regulatory authority to the client, which arises on account of the client.

Interest Free Deposits:

ARSSBL provides exposure against the upfront margin received in the form of cash / collateral from the client and the client also has the prerogative to demand withdrawal of cash and collaterals at his discretion, ARSSBL shall not pay any interest or other benefit to the client for maintaining cash balances or depositing collateral margins with ARSSBL.

(e) The right to sell clients securities or close clients positions, without giving notice to the client, on account of non-payment of clients dues (This shall be limited to the extent of settlement / margin obligation)

ARSSBL shall have the right to sell client’s securities, both unpaid securities as well as collaterals deposited towards margins, or close out client’s open positions, without giving notice to the client where there is a delay /failure of the client to the pay-in obligations and/or there is a failure of the client to bring additional margins to cover the increase in risk in the dynamic market conditions.

A. Unpaid Securities in Capital Market :

• In case of unpaid obligation on T+3, ARSSBL may sell the unpaid/ partially paid securities. In addition ARSSBL may sell the collaterals deposited by the client towards margins and/or paid securities purchased by the client in earlier settlements where the sale proceeds of unpaid securities are inadequate to cover the pay-in obligations and/where the unpaid securities appear to be comparatively illiquid and cannot be sold at reasonable rates to the extent required.

• ARSSBL may follow the Company Policy for liquidation of securities but it may not be binding on it to follow this method in all cases.

B. The margin shortfall in F&O and Currency Segments:

• Positions of the client may be closed out to the extent of margin shortfall on the T+1 basis.

• While computing margin shortfall, value of unapproved securities shall not be considered.

• As per the Exchange requirements, the ARSSBL is required to maintain a prescribed ratio between cash and collaterals margin deposited with the Exchange. ARSSBL shall therefore have the prerogative to insist for at least such prescribed ratio % margin in cash and may not consider the value of securities over and above the cash component for the purpose of calculating margins shortfall and close the F&O and Currency segment position where it finds deviation.

C. Intra-day positions :

• ARSSBL shall have right to close out any intra-day positions taken by the client after a defined ‘Cut-off’ time (Presently 15 minutes before close of market)

D. General :

• ARSSBL may take into account the sales made, positions closed by the client or collections received from the client till a cut off time (as per company policy) while selling the securities /closing the clients positions against debit / margin shortfall.

• While selling the securities/ closing the client positions, ARSSBL may not take into consideration Cheques showing uncleared although deposited by the client with ARSSBL until clear proceeds of such instruments are received by ARSSBL in its bank account. For this purposes Demand Draft / Pay order will not be taken into consideration.

• ARSSBL shall have the right to sell clients securities or close out client’s position but it shall not be under any obligations to undertake this exercise compulsorily.

• ARSSBL shall have the right to sell clients securities in case of Ageing of debit and margin shortfall in the client account

• ARSSBL shall not be responsible for any losses and penalties / charges levied by exchanges(s)caused on such square off

• ARSSBL shall therefore not be under any obligation to compensate / or provide reasons of any delay or omission on its part to sell clients securities or close open positions of the client.

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(f) Shortages in obligations arising out of internal netting of trades

Internal Shortage Policy – Close out in case of internal shortage

Client’s list eligible for closeout is sent on T+2 day evening.

2% above (the Highest closing price in Trading day+2 (i.e. Till auction day) or purchase rate on Trading day whichever is higher).

E. g. suppose client A has purchased 100 Reliance on Trading day @850/- . Following are respective closing price:-

Trading Day i.e. T = 840

T+1 = 830

T+2 = 825

So as per our formula highest price will be 850/- i.e. the purchase rate * 2% will be credited to buyer and same rate plus brokerage and charges will be debited to the seller.

(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 :

A. All markets:

• Client is not having adequate margins as per conditions in Risk Management policy.

B. Capital markets:

• The client has not been able to meet his pay-in obligations in cash by the schedule date of pay-in irrespective of the value of collaterals available with ARSSBL.

• Clear proceeds of the cheque deposited by the client to meet the pay-in obligations have not yet been received by ARSSBL.

• Client is trading “illiquid” scrips and volumes in his account exceed internal cut off limit fixed by ARSSBL.

• ARSSBL exposure at “house level” in a specific scrip / contract exceeds the internal limits fixed by ARSSBL.

C. F&O and Currency Segment:

• The client has not made payment for Market to Market loss in Ledger

• The “open” positions in a contract exceeded or are close to market wide cut off limits or client wise permissible positions by exchange

D. INTRA- DAY:

Clients will not be able to place intra-day orders after a cut-off time fixed by ARSSBL. (15 minutes prior to close of market)

E. Event Based:

Where based on a corporate / market event, ARSSBL has the risk perception that further trading in the securities /contracts may not be allowed to its clients and/or the market.

(h) Temporarily suspending or closing a clients account at the clients request :

i. ARSSBL may carry a periodic review of the client accounts and may suspend the accounts from trading in the following circumstances:

• The client is inactive for more than 6 months.

• The account is under investigation by any regulatory body.

• Based on the recommendations made by the branch manager due to excessive speculations, un-cleared balances.

• Physical contract notes are received back undelivered due to reasons like “no such person”, “addressee” left, refusal to accept mails, signature mismatch on POD’s or other reasons which may create suspicion.

• DCN failed (bounced email) on more than 3 instances until client submits and registers new email id.

• Non-delivery of the Statement of Account sent on periodic basis.

• Non-updation of communication details viz., email id, mobile no., landline details or it is found to be belonging to a third person.

• Client lodges a complaint either directly with ARSSBL or through Exchange relating alleged unauthorized Trades being executed in the account.

• On notices received from statutory, Government or Local authorities and Income Tax, a Judicial or Quasi Judicial authority, etc.

• Client is reported to or known to have expired.

ARSSBL may also suspend the account based on the written request received from the client.

(i) Deregistering a client :

• ARSSBL may de-register the client account based on action taken by SEBI/NSE/BSE or being part of list of debarred entities published by SEBI.

• ARSSBL may also initiate action for deregistering a client on basis of information found in sites of CIBIL, Watch out investors, world check or client having suspicious back ground, link with suspicious organization, etc.

• ARSSBL shall have right to close out the existing positions; sell the collaterals to recover its dues, if any, before de-registering the client.

• ARSSBL may freeze the assets of the client where it deems prudent, at time of de-registering a client.

(j) Procedure for Activation of in operative accounts

a. Any client is not doing single transaction into trading account with us for a period of 6 months

b. To activate these dormat / inoperative accounts , clients require to fill up a dormat activation form and provide the other related documents and details as per company policy

c. Refund of surplus funds to Dormant Client

We have a system of advance intimation of dormant in client account and client money is return back on client request basis.

I/We also understand and agree that these policies and procedures can be changed by ARSSBL from time to time subject to posting of the amendments and modification therein on its website: www.rathionline.com and their applicability with prospective effect.

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emanating from increasing terrorism, any failure on our part to discharge our duties cast on us under the applicable laws or we becoming an instrumental or a part of the chain in certain transaction, even if unknowingly or ignorantly, may land us in trouble.

âThere is an Act called ) Prevention of Money Laundering Act 2002. (PMLA)

âThe purpose of this act is to prevent the financing of terrorism and to prevent laundering of money i.e. to legalize or officialize or canalise the money generated from illegal activities like drug trafficking, organized crimes, hawala rackets and other serious crimes.

âThis act is a part of the Global measures being taken by all the countries under the initiatives of UNagencies.

âIt is applicable to all SEBI Registered brokers/sub-brokers and other financial institution who are dealing in any kind of financial assets.

âIt is an obligation of the entities to whom this Act is applicable, to report certain kind of transactions routed through them to FINANCIAL INTELIGENCE UNIT, a department specially set up to administer thisAct under the Ministry of Finance.

âThe transactions which are supposed to be reported are cash transactions above rupees ten lakhs or series of cash transactions below ten lakhs but aggregating to above ten lakhs in a month or its equivalent in any foreign currency and the transactions which may not be in cash but suspicious in nature.

âAny such above types of transaction, though not executed but attempted and failed are also required to be reported.

âThe suspicious transaction can be related to the transaction under the circumstances such as;

âClients whose identity verification seems difficult or clients that appear not to cooperate

• Asset management services for clients where the source of the funds is not clear or not in keeping with clients apparent standing /business activity;

• Clients based in high risk jurisdictions;

• Substantial increases in business without apparent cause;

• Clients transferring large sums of money to or from overseas locations with instructions for payment in cash;

• Attempted transfer of investment proceeds to apparently unrelated third parties;

Due to the tightened security and increased vigilance in the wake of threats

Information on Prevention of Money LaunderingAct 2002. (PMLA)

46

• Businesses undertaken by offshore banks/financial services,

• Businesses reported to be in the nature of export/import of small items.

• Unusual transactions by Clients ofSpecial Categories (CSCs).

âClients ofSpecial Categories may include;

• NRI/HNI/Trust/Charities/NGO/Organizations receiving donations

• Companies having close family shareholdings or beneficial ownership

• Politically Exposed Persons

• Companies offering foreign exchange offerings

• Clients in high risk countries

• Non face to face clients

• Clients with dubious reputation as per public information available

âNo trading or demat account can be opened in the name of entity whose name is listed on the banned entity list being maintained at United Nation's website at http://www.un.org/sc/committees/1267/consolist.shtml.

âWhile opening the new accounts all the prescribed procedures of KYC and Client Identifications should strictly be followed in the context of ensuring the compliance under this act.

âAll the records of transactions and client identifications must be preserved in a manner which can be promptly retrieved and reported to the authorities in the specified format.

âThis is the highlights of the requirements under the Act. Subbrokers / Authorised Persons / Remissers are advised to go through the SEBI's master circular athttp://www.sebi.gov.in / circulars/2010/mastercirCular.pdf for detailed information and understanding and also to visit the website of FIU-IND at http://fiuindia.gov.in

âThe end clients are advised to co-operate with us by providing the additional information / documents, if asked for during the course of your dealings with us to ensure the compliance requirements under this Act.

âAs a responsible citizen, it is our statutory as well as moral duty to be vigilant and to refrain from temptation of easy monetary gains, by knowingly or unknowingly supporting the people who are involved in the activities which are endangering our freedom and causing damage to the nation and to us as well.

âFor any further clarifications or information on the subject, principal Officer may be contacted.

Equity

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

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

1.1. The client who is desirous of investing in units of mutual fund schemes through the New MFSS.

1.2. The Client intends to execute his instruction for the subscription/redemption of units of Mutual Fund Schemes through the Participant of the New MFSS.

1.3. The client has satisfied itself of the capacity of the Participant to deal in Mutual Fund units and wishes to execute its instruction through the Participant and the client shall from time to time continue to satisfy itself of such capability of the Participant before executing transacting through the Participant.

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

1.5. The client has submitted relevant KYC (Know Your Client) details to the Participants

2. Terms and Conditions

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

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

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

2.4. The client has read and understood the risks involved in investing in Mutual Fund Schemes.

2.5. The client shall be wholly responsible for all his investment decisions and instruction.

2.6. The client shall ensure continuous compliance with the requirements of the NSEIL, SEBI and AMFI.

2.7. The Client shall pay to the Participant fees and statutory levies as are prevailing from time to time and as they apply to the Client’s account, transactions and to the services that Participant renders to the Client.

2.8. The client will furnish information to the Participant 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.

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

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

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General Clause

1. The Beneficial Owner and the Depository participant (DP) shall be bound by the provisions of the Depositories Act, 1996, SEBI (Depositories and Participants) Regulations, 1996, Rules and Regulations of Securities and Exchange Board of India(SEBI), irculars / Notifications / Guidelines issued there under, Bye Laws and Business Rules / Operating Instructions issued by the Depositories and relevant notifications of Government Authorities as may be in force from time to time.

2. The DP shall open / activate demat account of a beneficial owner in the depository system only after receipt of complete Account opening form, KYC and supporting documents as specified by SEBI from time to time.

Beneficial Owner information

3. The DP shall maintain all the details of the beneficial owner(s) as mentioned in the account opening form, supporting documents submitted by them and/or any other information pertaining to the beneficial owner confidentially and shall not disclose the same to any person except as required by any statutory, legal or regulatory authority inthis regard.

4. The Beneficial Owner shall immediately notify the DP in writing, if there is any change in details provided in the account opening form as submitted to the DP at the time of opening the demat account or furnished to the DP from time to time.

Fees/Charges/Tariff

5. The Beneficial Owner shall pay such charges to the DP for the purpose of holding and transfer of securities in dematerialized form and for availing depository services as may be agreed to from time to time between the DP and the Beneficial Owner as set out in the Tariff Sheet provided by the DP. It may be informed to the Beneficial Owner that "no charges are payable for opening of demat accounts”

6. In case of Basic Services Demat Accounts, the DP shall adhere to the charge structure as laid down under the relevant SEBI and / or Depository circulars / directions / notifications issued from time to time.

7. The DP shall not increase any charges/tariff agreed upon unless it has given a notice in writing of not less than thirty days to the Beneficial Owner regarding the same.

Dematerialization

8. The Beneficial Owner shall have the right to get the securities, which have been admitted on the Depositories, dematerialized in the form and manner laid down under the Bye Laws, Business Rules and Operating Instructions of the depositories.

Separate Accounts

9. The DP shall open separate accounts in the name of each of the beneficial

owners and securities of each beneficial owner shall be segregated and shall not be mixed up with the securities of other beneficial owners and/or DP’s own securities held in dematerialized form.

10. The DP shall not facilitate the Beneficial Owner to create or permit any pledge and / or hypothecation or any other interest or encumbrance over all or any of such securities submitted for dematerialization and / or held in demat account except in the form and manner prescribed in the Depositories Act, 1996, SEBI (Depositories and Participants) Regulations, 1996 and Bye-Laws / Operating Instructions / Business Rules of the Depositories.

Transfer of Securities

11. The DP shall effect transfer to and from the demat accounts of the Beneficial Owner only on the basis of an order, instruction, direction or mandate duly authorized by the Beneficial Owner and the DP shall maintain the original documents and the audit trail of such authorizations.

12. The Beneficial Owner reserves the right to give standing instructions with regard to the crediting of securities in his demat account and the DP shall act according to such instructions.

Statement of account

13. The DP shall provide statements of accounts to the beneficial owner in such form and manner and at such time as agreed with the Beneficial Owner and as specified by SEBI / depository in this regard.

14. However, if there is no transaction in the demat account, or if the balance has become Nil during the year, the DP shall send one physical statement of holding annually to such BOs and shall resume sending the transaction statement as and when there is a transaction in the account.

15. The DP may provide the services of issuing the statement of demat accounts in an electronic mode if the Beneficial Owner so desires. The DP will furnish to the Beneficial Owner the statement of demat accounts under its digital signature, as governed under the Information Technology Act, 2000. However if the DP does not have the facility of providing the statement of demat account in the electronic mode, then the Participant shall be obliged to forward the statement of demat accounts in physical form.

16. In case of Basic Services Demat Accounts, the DP shall send the transaction statements as mandated by SEBI and/or Depository from time to time.

Manner of Closure of Demat account

17. The DP shall have the right to close the demat account of the Beneficial Owner, for any reasons whatsoever, provided the DP has given a notice in writing of not less than thirty days to the Beneficial Owner as well as to the Depository. Similarly, the Beneficial Owner shall have the right to close his/her demat account held with the DP provided no charges are

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payable by him/her to the DP. In such an event, the Beneficial Owner shall specify whether the balances in their demat account should be transferred to another demat account of the Beneficial Owner held with another DP or to rematerialize the security balances held.

18. Based on the instructions of the Beneficial Owner, the DP shall initiate the procedure for transferring such security balances or rematerialize such security balances within a period of thirty days as per procedure specified from time to time by the depository. Provided further, closure of demat account shall not affect the rights, liabilities and obligations of either the Beneficial Owner or the DP and shall continue to bind the parties to their satisfactory completion.

Default in payment of charges

19. In event of Beneficial Owner committing a default in the payment of any amount provided in Clause 5 & 6 within a period of thirty days from the date of demand, without prejudice to the right of the DP to close the demat account of the Beneficial Owner, the DP may charge interest at a rate as specified by the Depository from time to time for the period of such default.

20. In case the Beneficial Owner has failed to make the payment of any of the amounts as provided in Clause 5&6 specified above, the DP after giving two days notice to the Beneficial Owner shall have the right to stop processing of instructions of the Beneficial Owner till such time he makes the payment along with interest, if any.

Liability of the Depository

21. As per Section 16 of Depositories Act, 1996,

1. Without prejudice to the provisions of any other law for the time being in force, any loss caused to the beneficial owner due to the negligence of the depository or the participant, the depository shall indemnify such beneficial owner.

2. Where the loss due to the negligence of the participant under Clause (1) above, is indemnified by the depository, the depository shall have the right to recover the same from such participant.

Freezing / Defreezing of accounts

22. The Beneficial Owner may exercise the right to freeze/defreeze his/her demat account maintained with the DP in accordance with the procedure and subject to the restrictions laid down under the Bye Laws and Business Rules/Operating Instructions.

23. The DP or the Depository shall have the right to freeze/defreeze the accounts of the Beneficial Owners on receipt of instructions received from any regulator or court or any statutory authority.

Redressal of Investor grievance

24. The DP shall redress all grievances of the Beneficial Owner against the DP within a period of thirty days from the date of receipt of the complaint.

Authorized representative

25. If the Beneficial Owner is a body corporate or a legal entity, it shall, along with the account opening form, furnish to the DP, 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.

Law and Jurisdiction

26. In addition to the specific rights set out in this document, the DP and the Beneficial owner shall be entitled to exercise any other rights which the DP or the Beneficial Owner may have under the Rules, Bye Laws and Regulations of the respective Depository in which the demat account is opened and circulars/notices issued there under or Rules and Regulations of SEBI.

27. The provisions of this document shall always be subject to Government notification, any rules, regulations, guidelines and circulars/ notices issued by SEBI and Rules, Regulations and Bye-laws of the relevant Depository, where the Beneficial Owner maintains his/ her account, that may be in force from time to time.

28. The Beneficial Owner and the DP shall abide by the arbitration and conciliation procedure prescribed under the Bye-laws of the depository and that such procedure shall be applicable to any disputes between the DP and the Beneficial Owner.

29. Words and expressions which are used in this document but which are not defined herein shall unless the context otherwise requires, have the same meanings as assigned thereto in the Rules, Bye-laws and Regulations and circulars/notices issued there under by the depository and / or SEBI

30. Any changes in the rights and obligations which are specified by SEBI / Depositories shall also be brought to the notice of the clients at once.

31. If the rights and obligations of the parties hereto are altered by virtue of change in Rules and regulations of SEBI or Bye-laws, Rules and Regulations of the relevant Depository, where the Beneficial Owner maintains his/her account, such changes shall be deemed to have been incorporated herein in modification of the rights and obligations of the parties mentioned in this document.

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RISK DISCLOSURE DOCUMENT

The Exchange does not expressly or impliedly, guarantee nor make any representation concerning the completeness, the adequacy or accuracy of this disclosure documents nor has the Exchange endorsed or passed any merits of participating in the Commodity Derivatives market/trading. This brief statement does not disclose all of the risks and other significant aspects of trading. You should, therefore, study derivatives trading carefully before becoming involved in it.

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 commodity futures contracts/derivatives or other instruments traded on the Commodity 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 the Exchange and suffer adverse consequences or loss, you shall be solely responsible for the same and the Exchange shall not be responsible, in any manner whatsoever, for the same and it will not be open for you to take the 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 Client 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 commodity derivatives being traded on the Exchange.

It must be clearly understood by you that your dealings on the Exchange through a member shall be subject to your fulfilling certain formalities set out by the member, which may, inter alia, include your filing the know your client form and are subject to Rules, Byelaws and Business Rules of the Exchange guidelines prescribed by FMC from time to time and circulars as may be issued by the Exchange from time to time.

The Exchange 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 member of the Exchange and/ or 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, you should be aware of or must get acquainted with the following:-

1. Basic Risks involved in the trading of Commodity Futures Contracts and other Commodity Derivatives Instruments on the Exchange.

i. Risk of Higher Volatility

Volatility refers to the dynamic changes in price that commodity

COMMODITY

derivative contracts undergo when trading activity continues on the Commodity Exchange. Generally, higher the volatility of a commodity derivatives contract, greater is its price swings. There may be normally greater volatility in thinly traded commodity derivatives contracts than in actively traded commodities/ 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 real losses.

ii. Risk of Lower Liquidity

a. Liquidity refers to the ability of market participants to buy and/ or sell commodity derivative contract expeditiously at a competitive price and with minimal price difference. Generally, it is assumed that more the number 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 commodity derivatives contracts swiftly and with minimal price difference and as a result, investors are more likely to pay or receive a competitive price for commodity derivative contracts purchased or sold. There may be a risk of lower liquidity in some commodity derivative contracts as compared to active commodity derivative 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.

b. Buying/ Selling without intention of giving and/ or taking delivery of certain commodities may also result into losses, because in such a situation, commodity derivative contracts may have to be squared-off at a low/ high prices, compared to the expected price levels, so as not to have any obligation to deliver/ receive such commodities.

iii. Risk of Wider Spreads

a. Spread refers to the difference in best buy price and best sell price. It represents the differential between the price of buying a commodity derivative and immediately selling it or vice versa. Lower liquidity and higher volatility may result in wider than normal spreads for less liquid or illiquid commodities/ commodity derivatives contracts. This in turn will hamper better price formation.

iv. Risk-reducing orders

a. Most of the Exchanges have a facility for investors to place “limit orders”, “stop loss orders” etc. 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.

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b. 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 commodity derivatives contract.

c. A “limit” order will be executed only at the “limit” price specified for the order or a better price. However, while the client received price protection, there is a possibility that the order may not be executed at all.

d. A stop loss order is generally placed "away" from the current price of a commodity derivatives contract, and such order gets activated if and when the 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 contract approaches 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 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.

v. Risk of News Announcements

a. Traders/Manufacturers make news announcements that may impact the price of the commodities and/or commodity derivatives 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 commodity/ commodity derivatives contract.

vi. Risk of Rumours

a. Rumours about the price of a commodity at times float in the market through word of mouth, newspaper, websites or news agencies, etc., the investors should be wary of and should desist from acting on rumours.

vii. System Risk

a. 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.

b. 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 execution of order and its confirmation.

c. 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 commodity due to any action on account of unusual trading activity or price hitting circuit filters or for any other reason.

viii. System/ Network Congestion

a. Trading on the Exchange is in electronic mode, based on satellite/leased line 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.

2. As far as Futures Commodity Derivatives are concerned, please note and get yourself acquainted with the following additional features:- Effect of "Leverage" or "Gearing":

a. The amount of margin is small relative to the value of the commodity derivatives contract so the transactions are 'leveraged' or 'geared'. Commodity 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 commodity derivatives carry a high degree of risk. You should therefore completely understand the following statements before actually trading in commodity derivatives contracts and also trade with caution while taking into account one's circumstances, financial resources, etc.

b. Trading in Futures Commodity Derivatives involves daily settlement of all positions. Every day the open positions are marked to market based on the closing price. If the closing price 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 on the next day.

c. If you fail to deposit the additional margin by the deadline or if an outstanding debt occurs in your account, the Member of the Exchange may liquidate/square-up a part of or the whole position. In this case, you will be liable for any losses incurred due to such square-up/ Close Outs.

d. Under certain market conditions, an Investor may find it difficult

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or impossible to execute the 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.

e. Steps, such as, changes in the margin rate, increase in the cash margin rate etc. may be adopted in order to maintain market stability. These new measures may be applied to the existing open interests. In such conditions, you will be required to put up additional margins or reduce your positions.

f. You must ask your Member of the Exchange to provide the full details of the commodity derivatives contracts you plan to trade i.e. the contract specifications and the associated obligations.

3. TRADING THROUGH WIRELESS TECHNOLOGY OR ANY OTHER TECHNOLOGY:

Any additional provisions defining the features, risks, responsibilities, obligations and liabilities associated with commodities trading through wireless technology or any other technology should be brought to the notice of the client by the member.

4. General

i. Deposited cash and property:

You should familiarize yourself with the protections accorded to

the money or other property you deposit particularly in the event of a firm become insolvent or bankrupt. 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 of the Exchange, the same shall be subject to arbitration as per the Rules, Byelaws and Business Rules of the Exchange.

ii. Commission and other charges:

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

iii. For rights and obligations of the Members/Authorised Persons/ clients, please refer to Annexure 3

iv. The term ‘Constituent’ shall mean and include a Client, a Customer or an Investor, who deals with a member for the purpose of trading in the commodity derivatives through the mechanism provided by the Exchange.

v. The term ‘member’ shall mean and include a Trading Member or a Member/Broker, who has been admitted as such by the Exchange and got a Unique Member Code from FMC.

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1. The client shall invest/trade in those commodities /contracts/other instruments admitted to dealings on the Exchanges as defined in the Rules, Byelaws and Business Rules/ Regulations of Exchanges/ Forward Markets Commission (FMC) and circulars/notices issued there under from time to time.

2. The Member, Authorized Person and the client shall be bound by all the Rules, Byelaws and Business Rules of the Exchange and circulars/notices issued there under and Rules and Regulations of FMC and relevant notifications of Government authorities as may be in force from time to time.

3. The client shall satisfy himself of the capacity of the Member to deal in commodities and/or deal in derivatives contracts and wishes to execute its orders through the Member and the client shall from time to time continue to satisfy itself of such capability of the Member before executing orders through the Member.

4. The Member shall continuously satisfy itself about the genuineness and financial soundness of the client and investment objectives relevant to the services to be provided.

5. The Member shall take steps to make the client aware of the precise nature of the Member’s liability for business to be conducted, including any limitations, the liability and the capacity in which the Member acts.

6. Requirements of professional diligence

a. The Member must exercise professional diligence while entering into a financial contract or discharging any obligations under it.

b. “professional diligence” means the standard of skill and care that a Member would be reasonably expected to exercise towards a Client, commensurate with

i. honest market practice;

ii. the principle of good faith;

iii. the level of knowledge, experience and expertise of the Client;

iv. the nature and degree of risk embodied in the financial product* or financial service being availed by the Client; and

v. the extent of dependence of the Client on the Member.

*Commodity derivative contract

7. The Authorized Person shall provide necessary assistance and co-operate with the Member in all its dealings with the client(s).

CLIENT INFORMATION

8. The client shall furnish all such details in full as are required by the Member in "Account Opening Form” with supporting details, made mandatory by commodity exchanges/FMC from time to time.

9. The client shall familiarize himself with all the mandatory provisions in the Account Opening documents. Any additional clauses or documents specified by the Member shall be non-mandatory; therefore, subject to specific acceptance by the client.

As prescribed by FMC and Commodity Exchanges

COMMODITY

10. The client shall immediately notify the Member in writing if there is any change in the information in the ‘account opening form’ as provided at the time of account opening and thereafter; including the information on winding up petition/insolvency petition or any litigation which may have material bearing on his capacity. The client shall provide/update the financial information to the Member on a periodic basis.

11. A. Protection from unfair terms in financial contracts**

a. An unfair term of a non-negotiated contract will be void.

b. A term is unfair if it –

i. causes a significant imbalance in the rights and obligations of the parties under the financial contract, to the detriment of the Client; and

ii. is not reasonably necessary to protect the legitimate interests of the Member.

c. The factors to be taken into account while determining whether a term is unfair, include –

i. the nature of the financial product or financial service dealt with under the financial contract;

ii. the extent of transparency of the term;

**contracts offered by commodity exchanges

iii. the extent to which the term allows a Client to compare it with other financial contracts for similar financial products or financial services; and

iv. the financial contract as a whole and the terms of any other contract on which it is dependent.

d. A term is transparent if it –

i. is expressed in reasonably plain language that is likely to be understood by the Client;

ii. is legible and presented clearly; and

iii. is readily available to the Client affected by the term.

e. If a term of a financial contract is determined to be unfair under point 11. A.c, the parties will continue to be bound by the remaining terms of the financial contract to the extent that the financial contract is capable of enforcement without the unfair term.

11. B.

a. “Non-negotiated contract” means a contract whose terms, other than the terms contained in point 11.C. (given below) are not negotiated between the parties to the financial contract and includes –

i. a financial contract in which, relative to the Client, the Member has a substantially greater bargaining power in determining terms of the financial contract; and

ii. a standard form contract.

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b. “Standard form contract” means a financial contract that is substantially not negotiable for the Client, except for the terms contained in point 11.C.

c. Even if some terms of a financial contract are negotiated in form, the financial contract may be regarded as a non-negotiated contract if so indicated by –

i. an overall and substantial assessment of the financial contract; and

ii. the substantial circumstances surrounding the financial contract

d. In a claim that a financial contract is a non-negotiated contract, the onus of demonstrating otherwise will be on the Member.

11. C.

a. The above does not apply to a term of a financial contract if it –

i. defines the subject matter of the financial contract;

ii. sets the price that is paid, or payable, for the provision of the financial product or financial service under the financial contract and has been clearly disclosed to the Client; or

iii. is required, or expressly permitted, under any law or regulations.

b. The exemption under point 11.C does not apply to a term that deals with the payment of an amount which is contingent on the occurrence or nonoccurrence of any particular event.

12. The Member and Authorized Person shall maintain all the details of the client as mentioned in the account opening form or any other information pertaining to the client, confidentially and that they shall not disclose the same to any person/authority except as required under any law/regulatory requirements. Provided however that the Member may so disclose information about his client to any person or authority with the express permission of the client.

13. A. Protection of personal information and confidentiality a. “Personal information” means any information that relates to a Client or allows a Client’s identity to be inferred, directly or indirectly, and includes –

i. name and contact information;

ii. biometric information, in case of individuals

iii. information relating to transactions in, or holdings of, financial products

iv. information relating to the use of financial services; or

v. such other information as may be specified.

13. B.

a. A Member must –

i. not collect personal information relating to a Client in excess of what is required for the provision of a financial product or financial service;

ii. maintain the confidentiality of personal information relating to Clients and not disclose it to a third party, except in a manner expressly permitted under point

iii. make best efforts to ensure that any personal information relating to a Client that it holds is accurate, up to date and complete;

iv. ensure that Clients can obtain reasonable access to their personal information, subject to any exceptions that the Regulator may specify; and

v. allow Clients an effective opportunity to seek modifications to their personal information to ensure that the personal information held by the Member is accurate, up to date and complete.

b. A Member may disclose personal information relating to a Client to a third party only if –

i. it has obtained prior written informed consent of the Client for the disclosure, after giving the Client an effective opportunity to refuse consent;

ii. the Client has directed the disclosure to be made;

iii. the Regulator has approved or ordered the disclosure, and unless prohibited by the relevant law or regulations, the Client is given an opportunity to represent under such law or regulations against such disclosure;

iv. the disclosure is required under any law or regulations, and unless prohibited by such law or regulations, the Client is given an opportunity to represent under such law or regulations against such disclosure;

v. the disclosure is directly related to the provision of a financial product or financial service to the Client, if the Member –

1. informs the Client in advance that the personal information may be shared with a third party; and

2. makes arrangements to ensure that the third party maintains the confidentiality of the personal information in the same manner as required under this Part; or

vi. the disclosure is made to protect against or prevent actual or potential fraud, unauthorised transactions or claims, if the Member arranges with the third party to maintain the confidentiality of the personal information in the manner required under this Part.-

c. “Third party” means any person other than the concerned Member, including a person belonging to the same group as the Member.

14. A Requirement of fair disclosure both initially and on continuing basis

a. Member must ensure fair disclosure of information that is likely to be required by a Client to make an informed transactional decision.

b. In order to constitute fair disclosure, the information must be provided –

i. sufficiently before the Client enters into a financial contract, so as to allow the Client reasonable time to understand the information;

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ii. in writing and in a manner that is likely to be understood by a Client belonging to a particular category; and

iii. in a manner that enables the Client to make reasonable comparison of the financial product or financial service with other similar financial products or financial services.

c. The types of information that must be disclosed to a Client in relation to a financial product or financial service, which may include information regarding –

i. main characteristics of the financial product or financial service, including its features, benefits and risks to the Client;

ii. consideration to be paid for the financial product or financial service or the manner in which the consideration is calculated;

iii. existence, exclusion or effect of any term in the financial product or financial contract;

iv. nature, attributes and rights of the Member, including its identity, regulatory status and affiliations;

v. contact details of the Member and the methods of communication to be used between the Member and the Client;

vi. rights of the Client to rescind a financial contract within a specified period;

or

vii. rights of the Client under any law or regulations.

14.B.

a. Member must provide a Client that is availing a financial product or financial service provided by it, with the following continuing disclosures –

i. any material change to the information that was required to be disclosed under point 14.A at the time when the Client initially availed the financial product or financial service;

ii. information relating to the status or performance of a financial product held by the Client, as may be required to assess the rights or interests in the financial product or financial service; and

iii. any other information that may be specified.

b. A continuing disclosure must be made –

i. within a reasonable time-period from the occurrence of any material change or at reasonable periodic intervals, as applicable; and

ii. in writing and in a manner that is likely to be understood by a Client belonging to that category.

MARGINS

15. The client shall pay applicable initial margins, withholding margins, special margins or such other margins as are considered necessary by the Member or the Exchange or as may be directed by FMC from time to time as applicable to the segment(s) in which the client trades. The Member is

permitted in its sole and absolute discretion to collect additional margins (even though not required by the Exchange or FMC) and the client shall be obliged to pay such margins within the stipulated time.

16. The client understands that payment of margins by the client does not necessarily imply complete satisfaction of all dues. In spite of consistently having paid margins, the client may, on the settlement of its trade, be obliged to pay (or entitled to receive) such further sums as the contract may dictate/require.


17. The client shall give any order for buy or sell of commodities derivatives contract in writing or in such form or manner, as may be mutually agreed between the client and the Member however ensuring the regulatory requirements in this regard are complied with. The Member shall ensure to place orders and execute the trades of the client, only in the Unique Client Code assigned to that client.

18. The Member shall inform the client and keep him apprised about trading/settlement cycles, delivery/payment schedules, any changes therein from time to time, and it shall be the responsibility in turn of the client to comply with such schedules/procedures of the relevant commodity exchange where the trade is executed.

19. The Member shall ensure that the money 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 Member for himself/itself or for any other client or for any purpose other than the purposes mentioned in Rules, circulars, notices, guidelines of FMC and/or Rules, Business Rules, Bye-laws, circulars and notices of Exchange.

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

21. The transactions executed on the Exchange are subject to Rules, Byelaws and Business Rules and circulars/notices issued thereunder of the Exchanges where the trade is executed and all parties to such trade shall have submitted to the jurisdiction of such court as may be specified by the Byelaws and Business Rules of the Exchanges where the trade is executed for the purpose of giving effect to the provisions of the Rules, Byelaws and Business Rules of the Exchanges and the circulars/notices issued thereunder.

BROKERAGE

22. The Client shall pay to the Member 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 Member renders to the Client. The Member shall not charge brokerage more than the maximum brokerage permissible as per the Rules, Business Rules and Bye-laws of the relevant commodity exchanges and/or Rules of FMC.

LIQUIDATION AND CLOSE OUT OF POSITION

23. Without prejudice to the Member's other rights (including the right to refer a matter to arbitration), the client understands that the Member shall be entitled to liquidate/close out all or any of the client's positions for nonpayment of margins or other amounts, outstanding debts, etc. and adjust the proceeds of such liquidation/close out, if any, against the client's liabilities/obligations. Any and all losses and financial charges on

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account of such liquidation/closing-out shall be charged to and borne by the client.

24. 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 commodities which the client has ordered to be bought or sold, Member may close out the transaction of the client and claim losses, if any, against the estate of the client. The client or his nominees, successors, heirs and assignee shall be entitled to any surplus which may result there from. The client shall note that transfer of funds/commodities in favor of a Nominee shall be valid discharge by the Member against the legal heir.

DISPUTE RESOLUTION

25. The Member shall co-operate in redressing grievances of the client in respect of all transactions routed through it.

26. The client and the Member shall refer any claims and/or disputes with respect to deposits, margin money, etc., to arbitration as per the Rules, Byelaws and Business Rules of the Exchanges where the trade is executed and circulars/notices issued thereunder as may be in force from time to time.

27. The client/Member understands that the instructions issued by an authorized representative for dispute resolution, if any, of the client/Member shall be binding on the client/Member in accordance with the letter authorizing the said representative to deal on behalf of the said client/Member.

28. Requirement for each Member to have an effective grievance redress mechanism which is accessible to all its Clients

a. A Member must have in place an effective mechanism to receive and redress complaints from its Clients in relation to financial products or financial services provided by it, or on its behalf, in a prompt and fair manner.

b. A Member must inform a Client, at the commencement of relationship with the Client and at such other time when the information is likely to be required by the Client, of –

i. the Client’s right to seek redress for any complaints; and

ii. the processes followed by the Member to receive and redress complaints from its Clients.

29. A. Suitability of advice for the Client

Right to receive advice that is suitable taking into account the relevant personal circumstances of the Client, such as the Clients financial circumstances and needs. This obligation would apply to persons who render advice to Clients and the regulator may specify categories of financial products and service that necessarily require such advice to be given.

a. A Member must –

i. make all efforts to obtain correct and adequate information about the relevant personal circumstances of a Client; and

ii. ensure that the advice given is suitable for the Client after due consideration of the relevant personal circumstances of the Client.

b. If it is reasonably apparent to the Member that the available information regarding the relevant personal circumstances of a Client is incomplete or inaccurate, the Member must warn the Client of the consequences of proceeding on the basis of incomplete or inaccurate information.

c. If a Client intends to avail of a financial product or financial service that the Member determines unsuitable for the Client, the Member –

i. must clearly communicate its advice to the Client in writing and in a manner that is likely to be understood by the Client; and

ii. may provide the financial product or financial service requested by the Client only after complying with point 29.A.a and obtaining a written acknowledgement from the Client.

30. Dealing with conflict of interest

In case of any conflict between the interests of a Client and that of the Member, preference much be given to the Client interests.

a. A member must –

i. provide a Client with information regarding any conflict of interests, including any conflicted remuneration that the Member has received or expects to receive for making the advice to the Client; and

ii. give priority to the interests of the Client if the Member knows, or reasonably ought to know, of a conflict between –

1. its own interests and the interests of the Client; or

2. the interests of the concerned Member and interests of the Client, in cases where the Member is a financial representative.

b. The information under point 16a.i. must be given to the Client in writing and in a manner that is likely to be understood by the Client and a written acknowledgement of the receipt of the information should be obtained from the Client.

c. In this section, “conflicted remuneration” means any benefit, whether monetary or non-monetary, derived by a Member from persons other than Clients that could, under the circumstances, reasonably be expected to influence the advice given by the Member to a Client.

TERMINATION OF RELATIONSHIP

31. This relationship between the Member and the client shall be terminated; if the Member for any reason ceases to be a member of the commodity exchange including cessation of membership by reason of the Member's default, death, resignation or expulsion or if the certificate is cancelled by the Exchange.

32. The Member, Authorized Person and the client shall be entitled to terminate the relationship between them without giving any reasons to the other party, after giving notice in writing of not less than one month to the other parties. Notwithstanding any such termination, all rights, liabilities and obligations of the parties arising out of or in respect of

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transactions entered into prior to the termination of this relationship shall continue to subsist and vest in/be binding on the respective parties or his/its respective heirs, executors, administrators, legal representatives or successors, as the case may be.

33. In the event of demise/insolvency of the Authorized Person or the cancellation of his/its registration with the Board or/withdrawal of recognition of the Authorized Person by the commodity exchange and/or termination of the agreement with the Authorized Person by the Member, for any reason whatsoever, the client shall be informed of such termination and the client shall be deemed to be the direct client of the Member and all clauses in the ‘Rights and Obligations’ document(s) governing the Member, Authorized Person and client shall continue to be in force as it is, unless the client intimates to the Member his/its intention to terminate their relationship by giving a notice in writing of not less than one month.

ADDITIONAL RIGHTS AND OBLIGATIONS

34. The Member and client shall reconcile and settle their accounts from time to time as per the Rules, Business Rules, Bye Laws, Circulars, Notices and Guidelines issued by FMC and the relevant Exchanges where the trade is executed.

35. The Member shall issue a contract note to his clients for trades executed in such format as may be prescribed by the Exchange from time to time containing records of all transactions including details of order number, trade number, trade time, trade price, trade quantity, details of the derivatives contract, client code, brokerage, all charges levied etc. and with all other relevant details as required therein to be filled in and issued in such manner and within such time as prescribed by the Exchange. The Member shall send contract notes to the investors within 24 hours of the execution of the trades in hard copy and/or in electronic form using digital signature.

36. The Member shall make pay out of funds or delivery of commodities as per the Exchange Rules, Bye-Laws, Business Rules and Circulars, as the case may be, to the Client on receipt of the payout from the relevant Exchange where the trade is executed unless otherwise specified by the client and subject to such terms and conditions as may be prescribed by the relevant Exchange from time to time where the trade is executed.

37. The Member shall send a complete `Statement of Accounts’ for both funds and commodities in respect of each of its clients in such periodicity and format within such time, as may be prescribed by the relevant Exchange, from time to time, where the trade is executed. The Statement shall also state that the client shall report errors, if any, in the Statement immediately but not later than 30 calendar days of receipt thereof, to the Member. A detailed statement of accounts must be sent every month to all the clients in physical form. The proof of delivery of the same should be preserved by the Member.

38. The Member shall send margin statements to the clients on monthly basis. Margin statement should include, inter-alia, details of collateral deposited, collateral utilized and collateral status (available balance/due from client) with break up in terms of cash, Fixed Deposit Receipts (FDRs), Bank Guarantee, warehouse receipts, securities etc.

39. The Client shall ensure that it has the required legal capacity to, and is authorized to, enter into the relationship with Member and is capable of performing his obligations and undertakings hereunder. All actions required to be taken to ensure compliance of all the transactions, which

the Client may enter into shall be completed by the Client prior to such transaction being entered into.

40. In case, where a member surrenders his/ her/ its membership, Member gives a public notice inviting claims, if any, from investors. In case of a claim relating to transactions executed on the trading system of the Exchange, ensure that client lodge a claim with the Exchange within the stipulated period and with the supporting documents.

41.A. Protection from unfair conduct which includes misleading conduct & abusive conduct

a. Unfair conduct in relation to financial products or financial services is prohibited.

b. “Unfair conduct” means an act or omission by a Member or its financial representative that significantly impairs, or is likely to significantly impair, the ability of a Client to make an informed transactional decision and includes –

i. misleading conduct under point 41.B

ii. abusive conduct under point 41.C

iii. such other conduct as may be specified.

41. B.

a. Conduct of a Member or its financial representative in relation to a determinative factor is misleading if it is likely to cause the Client to take a transactional decision that the Client would not have taken otherwise, and the conduct involves –

i. providing the Client with inaccurate information or information that the Member or financial representative does not believe to be true; or

ii. providing accurate information to the Client in a manner that is deceptive.

b. In determining whether a conduct is misleading under point 41.B.a, the following factors must be considered to be “determinative factors” –

i. the main characteristics of a financial product or financial service, including its features, benefits and risks to the Client;

ii. the Client’s need for a particular financial product or financial service or its suitability for the Client;

iii. the consideration to be paid for the financial product or financial service or the manner in which the consideration is calculated;

iv. the existence, exclusion or effect of any term in a financial contract, which is material term in the context of that financial contract;

v. the nature, attributes and rights of the Member, including its identity, regulatory status and affiliations; and

vi. the rights of the Client under any law or regulations.

41. C.

a. A conduct of a Member or its financial representative in relation to a financial product or financial service is abusive if it –

i. involves the use of coercion or undue influence; and

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ii. causes or is likely to cause the Client to take a transactional decision that the Client would not have taken otherwise.

b. In determining whether a conduct uses coercion or undue influence, the following must be considered –

i. the timing, location, nature or persistence of the conduct;

ii. the use of threatening or abusive language or behaviour;

iii. the exploitation of any particular misfortune or circumstance of the Client, of which the Member is aware, to influence the Client’s decision with regard to a financial product or financial service;

iv. any non-contractual barriers imposed by the Member where the Client wishes to exercise rights under a financial contract, including –

v. the right to terminate the financial contract;

vi. the right to switch to another financial product or another Member and

vii. a threat to take any action, depending on the circumstances in which the threat is made.

ELECTRONIC CONTRACT NOTES (ECN)

42. In case, client opts to receive the contract note in electronic form, he shall provide an appropriate e-mail id (created by the client) to the Member (Kindly refer Appendix A). Member shall ensure that all the rules/Business Rule/Bye-Laws/ circulars issued from time to time in this regard are complied with. The client shall communicate to the Member any change in the email-id through a physical letter. If the client has opted for internet trading, the request for change of email id may be made through the secured access by way of client specific user id and password.

43. The Member shall ensure that all ECNs sent through the e-mail shall be digitally signed, encrypted, non-tamperable and in compliance with the provisions of the IT Act, 2000. In case, ECN is sent through e-mail as an attachment, the attached file shall also be secured with the digital signature, encrypted and nontamperable.

44. The client shall note 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.

45. The Member shall retain ECN and acknowledgement of the e-mail in a soft and non-tamperable form in the manner prescribed by the exchange in compliance with the provisions of the IT Act, 2000 and as per the extant rules/circulars/guidelines issued by FMC/Commodity exchanges from time to time. The proof of delivery i.e., log report generated by the system at the time of sending the contract notes shall be maintained by the Member for the specified period under the extant rules/circulars/guidelines issued by FMC/Commodity exchanges. The log report shall provide the details of the contract notes that are not delivered to the client/e-mails rejected or bounced back. The Member shall take all possible steps to ensure receipt of notification of bounced mails by him at all times within the stipulated time period under the extant rules/circulars/guidelines issued by FMC/Commodity exchanges.

46. The Member shall continue to send contract notes in the physical mode

to such clients who do not opt to receive the contract notes in the electronic form. Wherever the ECNs have not been delivered to the client or has been rejected (bouncing of mails) by the e-mail ID of the client, the Member shall send a physical contract note to the client within the stipulated time under the extant Regulations/ Rules, Bye-Laws, Business Rules and Circulars of FMC/commodity exchanges and maintain the proof of dispatch and delivery of such physical contract notes.

47. In addition to the e-mail communication of the ECNs to the client, the Member shall simultaneously publish the ECN on his designated web-site, if any, in a secured way and enable relevant access to the clients and for this purpose, shall allot a unique user name and password to the client, with an option to the client to save the contract note electronically and/or take a print out of the same.

48. The Electronic Contract Note (ECN) declaration form will be obtained from the Client who opts to receive the contract note in electronic form in place of physical contract note. This declaration will remain valid till it is revoked by the client.

LAW AND JURISDICTION

49. In addition to the specific rights set out in this document, the Member, Authorised Person and the client shall be entitled to exercise any other rights which the Member or the client may have under the Rules, Bye-laws and Business Rules of the Exchanges in which the client chooses to trade and circulars/notices issued thereunder or Rules of FMC.

50. The provisions of this document shall always be subject to Government notifications, any rules, guidelines and circulars/notices issued by FMC and Circulars, Rules, Business Rules and Bye laws of the relevant commodity exchanges, where the trade is executed, that may be in force from time to time.

51. The Member and the client shall abide by any award passed by the Arbitrator(s) under the Arbitration and Conciliation Act, 1996. However, there is also a provision of appeal, if either party is not satisfied with the arbitration award.

52. Words and expressions which are used in this document but which are not defined herein shall, unless the context otherwise requires, have the same meaning as assigned thereto in the Rules, Byelaws and Regulations/Business Rules and circulars/notices issued thereunder of the Exchanges/FMC.

53. All additional voluntary/non mandatory clauses/document added by the Member should not be in contravention with Rules/ Business Rules/Notices/Circulars of Exchanges/FMC. Any changes in such voluntary clauses/document(s) need to be receded by a notice of 15 days. Any changes in the rights and obligations which are specified by Exchanges/FMC shall also be brought to the notice of the clients.

54. If the rights and obligations of the parties hereto are altered by virtue of change in Rules of FMC or Bye-laws, Rules and Business Rules of the relevant commodity exchanges where the trade is executed, such changes shall be deemed to have been incorporated herein in modification of the rights and obligations of the parties mentioned in this document.

55. Members are required to send account statement to their clients every month in physical form.

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

1. Member is eligible for providing Internet based trading (IBT) and commodities trading through the use of wireless technology that shall include the use of devices such as mobile phone, laptop with data card, etc. which use Internet Protocol (IP). The Member shall comply with all requirements applicable to internet based trading/- commodities trading using wireless technology as may be specified by FMC & the Exchanges from time to time.

2. The client is desirous of investing/trading in commodities and for this purpose, the client is desirous of using either the internet based trading facility or the facility for commodities trading through use of wireless technology. The Member shall provide the Member’s IBT Service to the Client, and the Client shall avail of the Member’s IBT Service, on and subject to FMC/Exchanges Provisions and the terms and conditions specified on the Member’s IBT Web Site provided that they are in line with the norms prescribed by Exchanges/FMC.

3. The Member shall bring to the notice of client the features, risks, responsibilities, obligations and liabilities associated with commodities trading through wireless technology/internet or any other technology should be brought to the notice of the client by the Member.

4. The Member shall make the client aware that the Member’s IBT system itself generates the initial password and its password policy as stipulated in line with norms prescribed by Exchanges/FMC.

5. The Client shall be responsible for keeping the Username and Password confidential and secure and shall be solely responsible for all orders entered and transactions done by any person whosoever through the Member’s IBT System using the Client’s Username and/or Password whether or not such person was authorized to do so. Also the client is aware that authentication technologies and strict security measures are required for the internet trading/ commodities trading through wireless technology through order routed system and undertakes to ensure that the password of the client and/or his authorized representative are not

COMMODITY

revealed to any third party including employees and dealers of the Member.

6. The Client shall immediately notify the Member in writing if he forgets his password, discovers security flaw in Member’s IBT System, discovers/suspects discrepancies/ unauthorized access through his username/password/account with full details of such unauthorized use, the date, the manner and the transactions effected pursuant to such unauthorized use, etc.

7. The Client is fully aware of and understands the risks associated with availing of a service for routing orders over the internet/ commodities trading through wireless technology and Client shall be fully liable and responsible for any and all acts done in the Client’s Username/password in any manner whatsoever.

8. The Member shall send the order/trade confirmation through email to the client at his request. The client is aware that the order/ trade confirmation is also provided on the web portal. In case client is trading using wireless technology, the Member shall send the order/trade confirmation on the device of the client.

9. The client is aware that trading over the internet involves many uncertain factors and complex hardware, software, systems, communication lines, peripherals, etc. are susceptible to interruptions and dislocations. The Member and the Exchange do not make any representation or warranty that the Member’s IBT Service will be available to the Client at all times without any interruption.

10. The Client shall not have any claim against the Exchange or the Member on account of any suspension, interruption, non-availability or malfunctioning of the Member’s IBT System or Service or the Exchange’s service or systems or nonexecution of his orders due to any link/system failure at the Client/Members/Exchange end for any reason beyond the control of the Member/Exchanges.

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GUIDANCE NOTE - DO’s AND DON’Ts FOR THE CLIENTS

1. Trade only through Registered Members of the Exchange. Check from the Exchange website at following link www.mcx-sx.com/www.msei.in to see whether the Member is registered with the Exchange.

2. Insist on filling up a standard 'Know Your Client (KYC)' form before you commence trading

3. Insist on getting a Unique Client Code (UCC) and ensure all your trades are done under the said UCC.

4. Insist on reading and signing a standard 'Risk Disclosure Agreement'.

5. Obtain a copy of your KYC and/ or other documents executed by you with the Member, from the Member.

6. Cross check the genuineness of trades carried out at the Exchange through the trade verification facility available on the Exchange website at the following link www.mcx-sx.com/www.msei.in. The trades can be verified online where trade information is available up to 5 working days from the trade date.

7. Insist on a duly signed Contract Note in specified format for every executed trade within 24 hours of trade, highlighting the details of the trade along with your UCC.

8. Ensure that the Contract Note contains all the relevant information such as Member Registration Number, Order No., Order Date, Order time, Trade No., Trade rate, Quantity, Arbitration Clause, etc.

9. Obtain receipt for collaterals deposited with the Member towards margins. 10. Go through the Rules, Bye-laws, Regulations, Circulars, Directives, Notifications of the Exchange as well as of the Regulators, Government and other authorities to know your rights and duties vis-à-vis those of the Member.

11. Ask all relevant questions and clear your doubts with your Member before transacting.

12. Insist on receiving the bills for every settlement.

13. Insist on Monthly statements of your ledger account and report any discrepancies in the statement to your Member within 7 working days. In case of unsatisfactory response report the discrepancy to the Exchange within 15 working days from the date of cause of action.

14. Scrutinize minutely both the transaction & holding statements that you receive from your Depository Participant.

15. Keep Delivery Instruction Slips (DIS) book issued by DPs in safe possession.

16. Ensure that the DIS numbers are preprinted and your account number (UCC) is mentioned in the DIS book.

Do’s

COMMODITY

17. Freeze your Demat account in case of your absence for longer duration or in case of not using the account frequently.

18. Pay required margins in time and only by Cheque and ask for receipt thereof from the Member.

19. Deliver the commodities in case of sale or pay the money in case of purchase within the time prescribed.

20. Understand and comply with accounting standards for derivatives.

21. Ensure to read, understand and then sign the voluntary clauses, if any, agreed between you and the Member. Note that the clauses as agreed between you and the Member cannot be changed without your consent.

22. Get a clear idea about all brokerage, commissions, fees and other charges levied by the Member on you for trading and the relevant provisions/ guidelines specified by FMC/Commodity exchanges.

23. Make the payments by account payee cheque in favour of the Member. Ensure that you have a documentary proof of your payment/deposit of commodities with the Member, stating date, commodity, quantity, towards which bank/ demat account such money or commodities (in the form of warehouse receipts) deposited and from which bank/ demat account.

24. The payout of funds or delivery of commodities (as the case may be) shall not be made to you within one working day from the receipt of payout from the Exchange, in case you have given specific authorization for maintaining running account to the member. Thus, in this regard, the running account authorization provided by you to the Member shall be subject to the following conditions:

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

b) You need to bring any dispute arising from the statement of account to the notice of the Member in writing preferably within 7 (seven) working days from the date of receipt of funds/commodities or statement, as the case may be. In case of dispute, refer the matter in writing to the Investors Grievance Cell of the relevant Commodity exchanges without delay.

c) In case you have not opted for maintaining running account and pay-out is not received on the next working day of the receipt of payout from the exchanges, please refer the matter to the Member. In case there is dispute, ensure that you lodge a complaint in writing immediately with the Investors Grievance Cell of the relevant Commodity exchange.

d) Please register your mobile number and email id with the Member, to receive trade confirmation alerts/ details of the transactions through SMS or email, by the end of the trading day, from the commodity exchanges.

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25. You should familiarize 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 commodity derivatives market or the member becomes insolvent or bankrupt.

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

27. In case your problem/grievance/issue is not being sorted out by concerned Member/Authorised Person then you may take up the matter with the concerned Commodity Exchange. If you are not satisfied with the resolution of your complaint then you can escalate the matter to FMC/SEBI.

Don’ts

1. Do not deal with any unregistered intermediaries.

2. Do not undertake off-market transactions as such transactions are illegal and fall outside the jurisdiction of the Exchange.

3. Do not enter into assured returns arrangement with any Member

4. Do not get carried away by luring advertisements, rumours, hot tips, explicit/implicit promise of returns, etc.

5. Do not make payments in cash/ take any cash towards margins and settlement to/from the Member.

6. Do not start trading before reading and understanding the Risk Disclosure Agreement.

7. Do not neglect to set out in writing, orders for higher value given over phone.

8. Do not accept unsigned/duplicate contract note/confirmation memo.

9. Do not accept contract note/confirmation memo signed by any unauthorized person.

10. Don’t share your internet trading account’s password with anyone.

11. Do not delay payment/deliveries of commodities to Member.

12. Do not forget to take note of risks involved in the investments.

13. Do not sign blank Delivery Instruction Slips (DIS) while furnishing commodities, deposits and/or keep them with Depository Participants (DP) or member to save time.

14. Do not pay brokerage in excess of that rates prescribed by the Exchange

15. Don’t issue cheques in the name of Authorized Person.

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Contact us :

[email protected]

Tollfree : 1-800 200 - 1002 / 1-800 121 - 1003

0291-309 - 1400

Corporate Office :

11th Floor, Times Tower, Kamala Mills Compound,

Senapati Bapat Marg, Lower Parel, Mumbai - 400 013.

Tel. : 91-22-4047 7000Fax : 91-22-4047 7070

Processing Office :

Plot No. CYB-2, Cyber Park, Heavy Industrial Area,

Near Jodhpur Dairy, Jodhpur - 342 003.

Tel.: +91 291 2745400 +91 291 7117001

Registered office :

4th Floor, Silver Metropolis, Jai Coach Compound, Opp. Bimbisar Nagar,

Goregaon (E), Mumbai-400 063.Tel.: (B) : +091-022-4001 3700 (F) : +091-022-4001 3770