PKC STOCK BROKING PVT. LTD.

Transcription

1 PKC STOCK BROKING PVT. LTD. Regd. Office: Martin Burn House, 5th Floor, Room No. 11 1, R. N. Mukherjee Road, Kolkata Phone No.: I 5015 I 5385 Fax No.: pkcstockbroking@yahoo.co.in Visit us at: CIN: U67120WB1995PTC Members: The National Stock Exchange of lndia Ltd. SEBI Regn. Nos. INB / INF / INE MCX Stock Exchange Ltd. SEBI Regn. No. INE CLIENT REGISTRATION FORM (CAPITAL MARKET I F&O I CURRENCY DERIVATIVES SEGMENTS) CLIENT NAME CLIENT CODE

2 ACCOUNT OPENING KIT Name of Stock Broker / Trading Member: PKC STOCK BROKING PVT. LTD. SEBI Registration Nos. and Date: - NSE - INB Dt INF Dt INE Dt MCX-SX - INE Dt Registered & Correspondence Office address: Martin Burn House, 5th Floor, Room No. 11 1, R. N. Mukherjee Road, Kolkata PHONE: /5015/5385, FAX: (033) pkcstockbroking@yahoo.co.in, Website: CIN: U67120WB1995PTC Name of Clearing Member: For F&O and Currency Derivatives Segments SMC GLOBAL SECURITIES LTD. SEBI Registration Nos. and Date: - NSE - INF Dt INE Dt MCX-SX - INE Dt Registered & Correspondence Office address: 11/6B, Shanti Chamber, Main Pusa Road, New Delhi Phone: (011) /1333, Fax: (011) smc@smcindiaonline.com. Website: Compliance Officer Name, Phone No. & ld: Ms. J. Yadav, (033) , compliance@pkcstockbroking.com CEO Name, Phone No & ld: Mr. Abhishek Kayan, (033) , pkcstockbroking@yahoo.co.in For any grievance/dispute, please contact PKC STOCK BROKING PVT. LTD. at the above addresses or at pkcstock_invgrievance@yahoo.co.in and Phone No: (033) In case not satisfied with the response, please contact the National Stock Exchange of India Ltd. at ignse@nse.co.in, Phone No. (022) and at investorcomplaints@mcx-sx.com and Phone No (022) / 9000 for MCX-SX. Disclosure of Proprietary trading pursuant to SEBI Circular No.: SEBI/MRD/SE/Cir-42/2003 dated 19th Nov., 2003 and NSE Circular No.: NSE/INVG/PRE/2003/16 dated 25th Nov., 2003: We, PKC STOCK BROKING PVT. LTD., are also engaged in Proprietary trading apart from Client based business.

3 S. NO. NAME OF THE DOCUMENT ACCOUNT OPENING KIT INDEX OF DOCUMENTS BRIEF SIGNIFICANCE OF THE DOCUMENT MANDATORY DOCUMENTS AS PRESCRIBED BY SEBI & EXCHANGES PAGE NOS. 1. Account Opening Form A. KYC form - Document captures the basic 1-3 information about the constituent B. Document captures the additional information 4-7 about the constituent relevant to trading account C. An instruction/check list. B2 - B3 2. Rights and Obligations Document stating the Rights & Obligations of B4 - B7 stock broker/trading member, sub-broker and client for trading on exchanges (including additional rights & obligations n case of internet/wireless technology based trading. 3. Risk Disclosure Document Document detailing risks associated with dealing B8 B10 in the (ROD) securities market. 4. Guidance note Document detailing do's and don'ts for trading on B11 exchange, for the education of the investors. 5. Policies and Procedures Document describing significant policies and 8-10 procedures of the stock broker 6. Tariff sheet Document detailing the rate/amount of brokerage and other charges levied on the client for trading on the stock exchange(s). 11 VOLUNTARY DOCUMENTS AS PROVIDED BY THE STOCK BROKER 7. Non-Mandatory Terms and Conditions 8. Running Account Letter (Annexure-1) 9. Authorisation for receipt of documents and communication on (Annexure-2) 10. Additional Information about the client as per Anti Money Laundering Act, measure (Annexure-3) As per the Regulations, each Trading members is required to formulate their own policy and procedures for dealing with clients, which has to be intimated to them and forms part of the nonmandatory documents. Document gives an option to client to settle his obligations towards funds and securities on a running basis and settle the same at monthly/quarterly interval at his discretion. By signing this mandate the client opts for receiving the documents, statements and all form of communication via . As per Anti Money Laundering laws in India, we are required to adopt various due diligence measures including "Know Your Client". Hence the said information is additionally sought by us Format of Board Resolution (Annexure-4) 12. Shareholding Pattern of Corporates (Annexure-5) 13. Formats for Declarations from Authority for Managing partner, Partnership Firm, HUF, Minor's Guardian FORMATS Draft format of Board Resolution to be submitted 17 by the Corporate Clients. Mandatory for corporate clients 18 To be made available as per requirement (Annexure 6 to Annexure 9)

4 KNOW YOUR CLIENT (KYC) APPLICATION FORM - FOR INDIVIDUALS Please fill this form in ENGLISH and in BLOCK LETTERS A. IDENTITY DETAILS 1. Name of the Applicant: 2. Father s/ Spouse Name: 3. a. Gender : Male Female b. Marital status : Single Married c. Date of birth : (dd/mm/yyyy) 4. a. Nationality : b. Status Please tick ( ) : Resident Individual Non Resident Foreign National 5. a. PAN : b. Aadhaar, if any : 6. Specify the proof of Identity submitted Please tick ( ) PAN UID (Aadhaar) Passport Voter ID Driving License Others (please secify) B. ADDRESS DETAILS 1. Residence Address: City/town/village: Pin Code: State: Country: 2. Contact Details: Tel. (Off.) Tel. (Res.) Mobile No.: Fax: id: 3. Specify the proof of address submitted for residence address: Please submit ANY ONE of the following valid documents: Passport/Ration Card /Registered Lease /Sale Agreement of Residence/ Driving License/ Voter Identity Card /*Latest Bank A/c Statement/Passbook/*Latest Telephone Bill (only Land Line)/* Latest Electricity Bill/*Latest Gas Bill/Others (Please Specify) *Not more than 3 months old 4. Permanent Address (if different from above or overseas address, mandatory for Non-Resident Applicant): City/town/village: Pin Code: State: Country: DECLARATION I hereby declare that the details furnished above are true and correct to the best of my knowledge and belief and I undertake to inform you of any changes therein, immediately. In case any of the above information is found to be false or untrue or misleading or misrepresenting, I am aware that I may be held liable for it. Signature of Applicant FOR OFFICE USE ONLY Originals verified and Self - Attested Document copies received PHOTOGRAPH Please affix your recent passport size photograph and sign across it Date: (dd/mm/yyyy) Name & Signature of the Authorized Signatory Date MANDATORY 1 Seal / Stamp of the intermediary

5 KNOW YOUR CLIENT (KYC) APPLICATION FORM FOR NON-INDIVIDUALS Please fill this form in ENGLISH and in BLOCK LETTERS A. IDENTITY DETAILS 1. Name of the Applicant: 2. Date of incorporation: (dd/mm/yyyy) & Place of incorporation: 3. Date of commencement of business: (dd/mm/yyyy) 4. a. PAN: b. Registration No.(e.g. CIN): 5. Status (Please tick ( ) any one): Private Limited Co. Public Ltd. Co. Body Corporate Partnership Trust Charities NGO s FI FII HUF AOP Bank Government Body Non- Government Organization Defense Establishment BOI Society LLP Others (Please specify) B. ADDRESS DETAILS 1. Address for correspondence: City/town/village: Pin Code: State: Country: 2. Contact Details: Tel. (Off.) Tel. (Res.) Mobile No.: Fax: id: 3. Specify the proof of address submitted for correspondence address: Please submit ANY ONE of the following valid documents: *Latest Telephone Bill (only Land Line)/*Latest Electricity Bill/ *Latest Bank A/c Statement/ Registered Lease / Sale Agreement of Office Premises/ Others (Please Specify) (*Not more than 3 months old) 4. Registered Address (If different from above): City/town/village: Pin Code: State: Country: C. OTHER DETAILS 1. Name, PAN, residential address and photographs of Promoters / Partners / Karta / Trustees/whole time directors: (Please use Annexure on next page to fill in the details) DECLARATION PHOTOGRAPH Please affix your recent passport size photograph and sign across it 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 / we are aware that I/ we may be held liable for it. Name & Signature of the Authorised Signatory (ies) FOR OFFICE USE ONLY Originals verified and Self - Attested Document copies received Date: (dd/mm/yyyy) Name & Signature of the Authorized Signatory Date MANDATORY 2 Seal / Stamp of the intermediary

6 ANNEXURE Details Of Promoters / Partners/ Karta/Trustees And Whole Time Directors And Persons Authorized To Deal In Securities On Behalf Of Company/Firm/ Others Forming A Part Of Know Your Client (KYC) Application Form Name of the Applicant: PAN of the Applicant: Particulars 1 st 2 nd 3 rd 4 th Name DIN (For Directors/ UID (for Others) Residential/ Registered Address Designation (i.e.promoters, whole time directors, etc. Whether Politically Exposed PEP RPEP NO PEP RPEP NO PEP RPEP NO PEP RPEP NO Photograph Please affix your recent passport size photograph and sign across it Please affix your recent passport size photograph and sign across it Please affix your recent passport size photograph and sign across it Please affix your recent passport size photograph and sign across it Name & Signature of Authorised Signatory(ies) Date: (dd/mm/yyyy) (PEP: Politically Exposed Person RPEP: Related to Politically Exposed Person) MANDATORY 3

7 TRADING ACCOUNT RELATED DETAILS - FOR INDIVIDUALS & NON-INDIVIDUALS A. BANK ACCOUNT(S) DETAILS Bank Name : Branch Address : Bank Account No. : Account Type : Saving Current Others In case of NRI/NRE/NRO MICR Number : B. DEPOSITORY ACCOUNT(S) DETAILS Depository Participant Name : Depository Name : NSDL CDSL IFSC Code: Beneficiary Name : DPID : Beneficiary ID (DO ID): _ C. TRADING PREFERENCES * Please sign in the relevant boxes where you wish to trade. The segment not chosen should be struck off by the client. Exchange Segment Signature 1. National Stock Exchange of India Ltd. - Cash - F&O - Currency Derivatives 2. MCX Stock Exchange Ltd. - Currency Derivatives # 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. D. 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: E. OCCUPATION DETILS (please tick any one and give brief details) Private Sector Public Sector Government Service Business Professional Agriculturist Retired Housewife Student Others MANDATORY 4

8 F. DEALINGS THROUGH SUB-BROKERS AND OTHER STOCK BROKERS If client is dealing through the sub-broker, provide the following details: Sub-broker s Name: SEBI Registration Number: Registered Office Address: Ph.: Fax: Website: Whether dealing with any other stock broker / sub-broker (in 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: G. ADDITIONAL DETAILS Whether you wish to receive physical contract note or Electronic Contract Note (ECN) (Please specify): Specify your id, if applicable: Whether you wish to avail of the facility of internet trading / wireless technology (please specify): Number of years of Investment / Trading Experience: In case of non-individuals, name, designation, PAN, UID, signature, residential address and photographs of persons authorized to deal in securities on behalf of company / firm / others : as per annexure Any other information: H. INCOME & OTHER DETAILS 1. Gross Annual Income Details (please specify): Income Range per annum (in Rs. `) Below Rs. 1 Lac 1-5 Lacs 5-10 Lacs Lacs 25 Lacs 1 crore > 1 crore 2. Net-worth as on (date) (dd/mm/yyyy): ` (Net worth should not be older than 1year) 3. Please tick, if applicable: Politically Exposed Person (PEP) MANDATORY 5 Related to a Politically Exposed Person (PEP) (Mandatory for Non- Individual Client) 4. Any other information: I. INTRODUCER DETAILS (optional) Name of the Introducer: (Surname) (Name) (Middle Name) Status of the Introducer: Sub-broker Remisier Authorized Person Existing Client Others, please specify Address and Phone No. of the Introducer: PAN No. : Signature of the Introducer:

9 J. NOMINATION DETAILS (for individuals only) I/We wish to nominate I/We do not wish to nominate Name of the Nominee: Relationship with the Nominee: PAN of Nominee: Date of Birth of Nominee: Address and Phone No. of the Nominee: If Nominee is a minor, details of guardian: Name of guardian: Address and Phone No. of Guardian: Signature of guardian: WITNESSES (Only applicable in case the account holder has made nomination) Name : Name : Signature: Signature: Address : Address : DECLARATION 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 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 standard 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) MANDATORY 6

10 OFFICE USE ONLY UCC Code allotted to the Client: Name of the Employee Documents verified Client Interviewed By In-Person Verification with Originals done by 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. 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 Broker MANDATORY 7

11 POLICIES AND PROCEDURES Clauses 1 to 10 are prescribed by SEBI and hence these are MANDATORY in nature. 1. Refusal of orders for penny stocks "Penny Stocks" as generally understood are those scripts, which are not very liquid in nature/which are very thinly traded and traded at a relatively low price. As per company policy, the trades done in such stocks will be monitored. The client may be questioned about such trading by the Stock Broker. If found improper or manipulative or creating false or misleading appearance in the securities market, then the Stock Broker may refuse to allow the client from trading in such stocks. Exchange also gives a list of illiquid securities on monthly basis, which are thinly traded shares of small companies and are infrequently traded. The list of such shares is also made available on the Web Site of the company. If any client is found to be indulging in trading in such stocks in high volume (as a % to the total market volume), the Stock Broker may require the client to submit adequate clarification. As per its due diligence measures, if found necessary, the Stock Broker may disallow the client from trading in those scripts. As per Company Policy, Penny stocks which include the scripts, which appear in the list of illiquid securities issued by the Exchange every month. 2. Setting up client's exposure limits The client agrees to abide by the exposure limits set by the stockbroker or by the Exchange or Clearing Corporation or SEBI from time to time at the time of entering into the agreement or availability of funds, margins cash or shares provided by the client after appropriate hair cut. The client exposure is set on the basis of the financial soundness and turnover of the client. It is not compulsory to collect up front margin from clients for cash segment. Generally the client is allowed to trade upto a certain limit, at our discretion, depending on various factors including financial credibility. In Futures & Options segment, exposure limit of each client is set, based on Margin money given by the client, as per the Exchange Regulations and shall vary from time to time. Upfront margin is collected from client. Certain financial disclosures/information are additionally required from clients who opt for trading in F/O or CD segment and are mandatory. It is the prerogative of the Stock Broker to allow trading, which may vary from client to client upon creditworthiness and past conduct. 3. Applicable brokerage rate a. For cash segment: The brokerages Rate applicable to the clients vary from client to client depending on the category of the client i.e. HNI, Institutional, low, medium and high-risk client and the maximum brokerage shall be 2.5% of contract price exclusive of statutory levies. At the time of induction of a new client, the financial stability of the client is assessed/measured and the expected volume is also determined and the brokerage is fixed with the mutual consent of the client. If any mismatch in brokerage rate is found with agreed rate, the same can be brought to our notice immediately. The client agrees that the Brokerage for penny stock is higher than the normal Brokerage rates and is payable as per mutual understanding and may vary from client to client depending upon volumes and other parameters but would not exceed the maximum Brokerage permissible. ' b. For Option Contracts: Brokerage for option contracts shall be charged on the premium at which the option contract price was bought or sold and not on the strike price of the option contract. It is hereby further clarified that brokerage on the options contracts shall not exceed 2.5% of the premium amount or Rs. 100/- (per lot) c. For Future Contracts: Brokerage for future contracts shall be charged on the value at which securities are bought or sold. It is hereby further clarified that brokerage on future contracts shall not exceed 2.5% of the contract value exclusive of statutory levies. Service Tax on brokerage value will be levied in addition to brokerage as applicable. Securities Transaction Tax is levied on transaction value as prescribed by Government. MANDATORY 8

12 4. Imposition of penalty/delayed payment charges In case of delay of payment by the client to the Stock Broker on its pay in obligation, the Stock Broker may levy penalty in respect of such delayed payment though the same is not charged presently. The penalty charges on delayed payment from the client or if the stock broker fails to make pay within one working day after the specific request of the client who has opted for running account to make payment on payout, shall 18% p.a. on over due amount. Apart from imposition of charges, we may not allow the client to take future position. No interests or benefits are payable to the client for maintaining cash balances or depositing collateral margins with the company. 5. The right to sell clients' securities or close clients' position, without giving notice to the clients, on account of non-payments of clients' dues Without prejudice to the stock broker's other rights (including the right to refer a matter to arbitration), the stock broker shall be entitled to liquidate/close out all or any of the client's positions for non-payment of margins or other amounts, outstanding debts, etc after giving telephonic reminder to the client, if the fund is not received within 5 trading days from the Pay in day, and adjust the proceeds of such liquidation/ close out in the Exchange against the client's liabilities/obligations. Any and all the losses and financial charges on account of such liquidation/closing out shall be charged to and borne by the client. 6. Shortages in obligations arising out of internal netting of trades. The client agrees that in case of shortages in obligations arising out of internal netting of trades, short shares are bought in the market at the prevailing price and are transferred to the client who had not received the shares in payout. The account of the client who has failed to deliver shares shall be debited for such market purchase. 7. Condition under which a client may not be allowed to take further position or the broker may close the existing position of a client The Client agrees that he/she/it may not be allowed to take further position, under the following situation:- (i) The client has a due / debit balance - Such clients are allowed to close out his/her/its open position but is not allowed to take any new position. (ii) The client had defaulted in meeting cash or securities obligation leading to compulsory close out of the position by the Stock Broker. (iii) The client may not be allowed to take exposure in that particular script in which the broker's limit has come to an end or where the exchange is not allowing any further position in that script. (iv) The client has not met Market to Market loss. (v) The open positions in a contract exceed or are close to market wide cut off limits. (vi) The client position is close to client wise permissible "Open" position. 8. Temporarily suspending or closing a client's account at the client's request (i) The account of client may be temporarily suspended on written request from the client and can only be reactivated after receiving a written request from the client. (ii) In case, a client gives a request in writing for closing his/her/its account, then the account of the Client shall be settled and the trading code shall be closed in the front and back office of the Broker. However if the client is through a registered sub broker, the sub broker shall also be informed and he/she/it has to give his consent for closing the same. In future if the client seeks to re-open his account with the Stock Broker, he/it/she shall be required to submit a new KYC form and execute necessary documents as if a new account is being opened. (iii) Where the client is inactive for more than 6 months. (iv) Where the account is under investigation by any regulatory body. MANDATORY 9

13 (v) Physical documents are received back undelivered due to reasons like "no such person", "addressee" left, and refusal to accept mails. (vi) Non submission of updated KYC and/ or non updation of communication details viz., id., Mobile No., Land line details or it is found to be belonging to a third person. (vii) Client lodges a complaint either directly with company or through exchange relating alleged unauthorized Trades being executed in the account. (viii) On notices received from statutory, Government or Local authorities and Income Tax, Service Tax, a Judicial or a Quasi Judicial authority, etc. (ix) Upon the death, winding up, bankrupt, liquidation or lack of legal capacity of the client. 9. Deregistering a client The client agrees that he/she/it shall be de-registered if he/she/it is suspended from trading by any Regulatory authority or in case of failure of the client to meet his/her/its obligations to the Stock Broker / or on account of breach of terms and conditions of the agreement or being part of debarred entities by SEBI, the trading account of the client shall be closed after effecting full and final settlement of the accounts and securities of the client, if any, to recover its dues. 10. Inactive Accounts If a client does not work for 3 continuous years, his/ her agreement with us is terminated and if he/she wishes to work again with us in future, he/she is required to execute fresh KYC Agreement with us. We have introduced a term called Dormant Account for the clients who have not worked for 6 months at a stretch. Such clients, whenever they wish to trade for the first time after lapse of 6 months since their last trade with us (until their account is rendered inactive), shall have to serve a request letter for allowing them to trade. The request can be placed by sending an as well. Such clients are also supposed to provide us with their details and documentary proof in case there has been any change in their KYC information available with us.

14 TARIFF SHEET UNIQUE CLIENT CODE: BROKERAGE CAPITAL I CASH MARKET EXCHANGE DELIVERY % MINIMUM SQUARE OFF % MINIMUM NSE DERIVATIVES FUTURES EXCHANGE MINIMUM % SQUARE OFF % NSE Futures OPTIONS (Only on Premium) EXCHANGE MINIMUM % SQUARE OFF % NSE Options** ** Subject to maximum of Rs.100/- per lot CURRENCY DERIVATIVES EXCHANGE NSE MCX-SX Other charges Service Tax, Securities Transaction Tax, Education Cess, Secondary and Higher Education Cess, at prevalent Tax Rates, Transaction Charges, Stamp Duty MANDATORY 11

15 OTHER TERMS AND CONDITIONS (Non Mandatory): The following clauses are at the mutual understanding of the Client and the Broker hence they are voluntary in nature. 1. The client agrees that he/she/it will not act as sub-broker without prior written permission of the stock broker and without obtaining certificate of registration from Securities and Exchange Board of India (SEBI). 2. a) The client or his duly authorized representative whose particulars has been provided by the client to the stock broker shall be entitled to place/modify/cancel an order for sale or purchase of any securities through oral communication via telephone or otherwise and on receipt of such instructions those orders shall be forwarded for the execution. b) The client agrees to accept confirmation/ modification/ cancellation of an order for the sale or purchase of any securities through oral communication via telephone or otherwise. 3. a) The client agrees to accept trade confirmation in the form of contract note. The client understands that it is his/her/its responsibility to review the contract notes immediately upon its receipt. b) The client agrees to review the statement of accounts for funds and securities or settlement of actual accounts when received and inform the broker within 30 days in case of statement of accounts for funds and securities and 7 days of receipt of the statement of actual settlement of accounts in case of any dispute. 4. The Client agrees and hereby authorizes the Broker at its sole discretion and without any prior notice to the client to record any conversation between Client and the Broker. Such Electronic recording may be relied upon by the Broker as and when required to resolve disputes. 5. The Client agrees that placing an order with the Broker does not guarantee execution of the order and/or its execution regardless of the confirmation by the Broker of the receipt of the order and/or its execution and the Broker shall not be liable for any losses, damage or claims on account of non-execution of any order placed. 6. The Broker may refuse to accept or reject or cancel any order that may be placed by the Client for any breach of the Margin requirements as stipulated from time to time and where such circumstances appear to justify such action or on any other reasonable grounds. Where such refusal is made, the same may be communicated to the client and the trading member shall also furnish the reason for such refusal on a request being made by the client. 7. In order to facilitate operations, the client is given an option to authorise the stockbroker to maintain a running account of funds and securities with the stockbroker, instead of settling the account on settlement of each transaction. The running account authorization can be revoked anytime upon giving notice in writing. 8. It is the policy of the Stock Broker to treat the account of the client as Dormant if the client has not worked for a period of six month or more and can only be activated upon receipt of a written request from the client. However in case the client has not worked for a continuous period of two years the client will be treated as Inactive. Inactive account can only be reactivated after furnishing/updating the data relating to KVC. Further if the client does not work for three years he/she/it shall be issued a termination letter and his/her/its code will be removed from the back office at the sole discretion of the Stock Broker. 9. i) Form of Communication: All notices or communications issued under this mutual understanding shall be served in anyone or more of the following ways and such notice or communication under (a) to (i) below shall be served at the ordinary business address and/or ordinary place of residence and/or last known address of the client in anyone or more of the following ways: VOLUNTARY 12

16 a) by post, b) by registered post, c) under certificate of posting, d) by express delivery post, e) by telegram, f) by affixing it on the door at the last known business or residential address, g) by oral communication to the party or on the last known telephone number or on the recording machine of such number, h) by electronic mail or fax, i) by hand delivery. ii) Any communication sent by the stock broker to the client shall be deemed to have been properly delivered or served, even if such communication is returned to the stock broker as unclaimed / refused /undelivered, if the same is sent to the ordinary business address and/or ordinary place of residence and/or last known address of the party, in anyone or more of the ways as mentioned in clause i) above. 10. In the event of any provision of this understanding being held to be or becoming invalid, unenforceable or illegal for any action this understanding shall remain otherwise in full force apart from the said provision, which will be deemed, deleted. The parties may however attempt to replace the deleted provision with a legally valid provision, which reflects the same purpose as the deleted provision to the greatest extent possible. 11. The broker may make such changes in the policy and mutual understanding at its own discretion or due to changes in regulations or in statute as may be considered necessary from time to time by giving notice of 15 days. Any change in the policies and mutual understanding shall become effective after the completion of above notice period. In case the client does not raise any written (or via ) query or objection with respect to the change in policy/policies and mutual understanding and continues to deal with the stock broker subsequent to the intimation of such amendment, it would be deemed that the amended clauses are binding upon the clients. 12. The stockbroker shall not be responsible for any losses, costs or damages resulting directly or indirectly from: (i) Any action, omission, suspension of trading, decision or ruling of any exchange or regulatory, government or other body or of any other person which is beyond the stock broker's control (including exchange, dealing or clearing house), or, (ii) any war, strike, lock- out, national disaster, act of terrorism, delay in postal service or any other delay or in accuracy in the transmission of orders or other information, or any breakdown, slowing down of the trading system failure or malfunction of any telecommunication or computer system beyond the control of the stock broker. The above Force Majeure events do not exempt the client to fulfill the obligations on his account with the stockbroker. 13. The Client shall indemnify and keep indemnified the Stock Broker harmless from and against all claims, demands, action, proceedings, loss, damages etc. arising out of his illegal trades like circular trading, insider trading entered without the knowledge of the Broker. The client shall indemnify and keep indemnified the broker from any claim or losses arising from transaction in securities jointly held by the client with any other person. 14. Words and expressions which are used in this understanding, but which are not defined herein shall, unless the context otherwise requires, have the same meaning as assigned thereto in the Rules, Bye-laws and Regulations of the Exchange and circulars issued there under. 15. The provisions of this understanding shall always be subject to Government notification, rules and regulations, guidelines and circulars issued by SEBI and Rules, Regulations and Bye-laws of the relevant stock exchange that may be in force from time to time. Signature of Client: VOLUNTARY 13

17 ANNEXURE -1 AUTHORITY LETTER FOR RUNNING ACCOUNT (THIS DOCUMENT IS NON-MANDATORY) Date: To PKC STOCK BROKING PVT. LTD. 1, R. N. MUKHERJEE ROAD MARTIN BURN HOUSE 5TH FLOOR, ROOM NO. 11 KOLKATA Dear Sir, 1. I/We hereby request you to maintain my/our account, both securities and funds, with you on a running account basis without settling the account on each day settlement Basis. This will facilitate me in my/our transaction through you. In view of above it would be proper for you to release the funds and securities due to me/us on my/our specific request, either written or oral. 2. The actual settlement of funds and securities shall be done by you, at least once in a Calendar quarter: /month: (Tick against the one opted for). While settling the account, you shall send a "statement of accounts" containing an extract from the ledger for funds and extract from the register of securities displaying all receipts /deliveries of funds /securities.the statement shall also explain the retention of funds /securities and the details of pledge, if any. 3. If I/We have outstanding obligations on the settlement date, you may retain the requisite securities /funds towards such obligations. You may also retain the funds expected to be required to meet margin obligations for next 5 trading days or as permitted by the exchange from time to time calculated in the manner specified by the exchange. 4. I/We may be trading in derivatives segment of NSE and hence may have various accounts with you. In this regard, I/we hereby authorize PKC Stock Broking Pvt. Ltd. to act on its discretion of adjusting any credit balance under my/our various accounts against the debit in any account across segments, without taking any further instruction from me/us. This is subject to my/our working in the derivative segment. 5. I/We authorize you to pledge my/our securities deposited as our margin or withheld by you, to deposit the same to Exchange/Clearing members towards margin. 6. I/We shall bring any dispute arising from the settlement of account or settlement so made to your notice preferably within 7 working days from the date of receipt of funds /securities or statement, as the case may be. 7. I/we may revoke the above authorization at any time by giving a written notice. Signature of Client: VOLUNTARY 14

18 ANNEXURE - 2 Date: To PKC STOCK BROKING PVT. LTD. 1, R. N. MUKHERJEE ROAD MARTIN BURN HOUSE 5TH FLOOR, ROOM NO. 11 KOLKATA Dear Sir, Sub: Mandate to send documents and communication via I / We hereby agree to accept Contract Notes Quarterly Statements of Accounts Daily Margin Information Monthly / Quarterly actual settlement of funds/securities Communication / Information related to trading or Policy changes / modification whether done by the Company on its own or under direction from the regulatory bodies Any other documents by at the following ID: 1/ We confirm that the above ID is created & provided by me and that it is a valid ld. 1/ We agree that the Log Reports of your dispatching software shall be a conclusive proof of dispatch of Contract Notes, Daily Margin Information, Quarterly Statements of Accounts, actual settlement of funds and securities and any other electronic communication to us and such dispatch shall be deemed to mean receipt by me / us. 1/ We agree that digitally signed e-contract notes shall be effective as and when implemented by you. 1/ We also agree that the non-receipt of bounce back mail notification by you shall amount to delivery at the above ID. Any change in the ID shall be communicated by me / us through a physical letter to PKC STOCK BROKING PVT. LTD. Thanking You, Yours Faithfully, Signature of Client: VOLUNTARY 15

19 ANNEXURE - 3 Voluntary information provided by the client in relation to the Prevention of Money Laundering Act, 2002 Name of the Client : If Business / Profession: Nature of business: Industry : Details of my/our Relatives, having account with PKC STOCK BROKING PVT. LTD Name Relationship UCC Details of the Corporate / Partnership Firm / Trust etc. where I/We am/are affiliated Name Entity Type Nature of Business Relationship UCC Nature of Income: Business Income / Salary / Income from Profession / Pension / Savings / Other (please specify): Income Tax filed in the previous year: Yes No I/We intend to invest in the stock market with: Own Funds Borrowed Funds (If Borrowed Funds, then please specify below Sources of funds :) Sources of Borrowed Funds (if any) Amount (`) I/We hereby declare that I/we am/are beneficial owner of the Trading account opened with PKC Stock Broking Ltd. and that I/We am/are investing my/our own funds with PKC Stock Broking Pvt. Ltd. Signature of Client: VOLUNTARY 16

20 ANNEXURE - 4 Format of Board Resolution in case of Corporate Client (To be obtained on pre-printed letterhead of the Company) CERTIFIED TRUE COPY OF THE RESOLUTION PASSED IN THE MEETING OF BOARD OF DIRECTORS OF M/S LTD HAVING ITS REGISTERED OFFICE AT HELD ON DAY OF 20 AT RESOLVED THAT the Company hereby agrees to get registered with M/s PKC Stock Broking Pvt. Ltd., Member of National Stock Exchange of India Ltd. (NSE) and MCX-SX Stock Exchange Limited, for dealing on Capital Market Segment, F&O Segment and/or Currency Derivatives Segment and the said Trading Member be and is hereby authorized to honour instructions, oral or written, given on behalf of the Company by any of the under noted authorized signatories: Sl No. Name Designation who is/are authorized to sell, purchase, transfer, endorse, negotiate documents and/or otherwise deal through M/s PKC Stock Broking Pvt. Ltd. on behalf of the Company. RESOLVED FURTHER THAT Mr. and/or Mr., Directors of the Company and/or Mr., Authorised Signatory of the Company be and are hereby authorized individually to sign, execute and submit such applications, undertakings, agreements and other requisite documents, writings and deeds as may be deemed necessary or expedient to open the account or to give effect to this resolution. RESOLVED FURTHER THAT, the Common Seal of the Company be affixed, wherever necessary, in the presence of any Directors or any one of the Directors and Company Secretary who shall sign the same in token of their presence. For Ltd For Ltd Director Director Specimen signatures of the Authorized Persons Sl. No. Name Specimen Signature (The above signatures are to be attested by a director other than the directors (if any)/ persons authorised to deal on behalf of the company) FORMAT 17

21 ANNEXURE-5 (On the letter head of the company to be signed by Directors/ Authorised Signatories) SHAREHOLDING PATTERN OF CORPORATE CLIENT AS ON Sl. No. Category I. Names of Promoter Shareholders Below 5 % of Shareholding (A) Above 5% but less than 25% of Shareholding (B) Above 25% of Shareholding (C) II. Names of Non-Promoter Shareholders Total TOTAL (A+B+C) = % Signature of the Authorised Signatory (ies): Title: Date: Note: Kindly provide us the following: 1) The Proof of Identity, Proof of residential Address and Passport size signed photograph of all Individual Promoter Shareholders holding more than 5% of the Share Capital of the Company 2) Shareholding Pattern of any corporate shareholder holding more than 25% of the Paid Up Share Capital of the Company for the purpose of Identification of Beneficial Ownership. (In case any Listed Public Entity holds more than 25% of the Paid Up Capital of the Company, List of Shareholders of that Listed Entity is not required) FORMAT 18