Amrapali Capital And Finance Services Limited

Transcription

1 For INDIVIDUALS Application Number Amrapali Capital And Finance Services Limited Regd. Office : A , 3rd Floor, Narayan Chambers, B/h. Patang Hotel, Ashram Road, Ahmedabad Phone No , , Fax No acfsl@amrapali.com Website : Member : NSE : INB NSE F&O : INF Member Code : NSE BSE : INB BSE F&O : INF Member Code : BSE 0934 (This information is the sole property of the trading member/ brokerage house and would not be disclosed by any one unless reuired by law or except with the express permission of clients) Please Paste Recent Passport size Photo here And Sign across it Name Fathers Name Name Personal Details Father / Husband Name Surname Pport DL Votrs ld Pan CD MAPIN Name Middle Name Surname Date of Birth D D M M Y Y Y Y Sex Male Female Married Unmarried PAN Number MAPIN ID : If pan Number is not available please fill in the declaration (Not applicable for HUF) Ward Circle Address Fax No. City State Residence Address Pincode Country Telephone Number Pport DL Votrs ld Rationcd Passbk Rentagr Bkstml Ph BI Elect BI Id Mobile Address Fax No. City State Address for Correspondence Pincode Country Telephone Number Pport DL Votrs ld Rationcd Passbk Rentagr Bkstml Ph BI Elect BI Bank Account Details (through which transactions will generally be routed) Account Type Saving / Current Account No. Bank Name Branch Address Ch leaf Ch leaf with Pass-book copy Bank Branch Code MICR No. Pincode (1)

2 Depository Account Details (through which transactions will generally be routed) Client Id DP ID DP Name Address of DP Additional DP Details (with proof) DP ID DP Name Client ID DP proof For more, provide details on a separate sheet in the format given above. Declaration in lieu of PAN number (U/s 139 Rule 114B) I declare that I have applied for the PAN number but have not been alloted the same as yet. A copy of the PAN applications form (Form 49A) is attached here. I undertake to furnish the PAN to you as soon as I am alloted the same by the Income Tax Department. I do not have PAN as I am not liable to obtain the same as per any provisions of the Income Tax Act. From 49A From 60 Uniue Identification Number (Where Obtained) (MAPIN) Nationality Residential Status Educational Qualifications Occupation Name of Employer (If Employed) Additional Details Indian NRI Other please Specify Graduate / Post Graduate / Professional / Others Employed / Self Employed / Business / Professional / House Wife / Others Name of Establishment (if self employed/business/professional/others) Office Address City State Fax No. Pincode Country Telephone No. Investement Experience (Where Obtained) (MAPIN) Stock Exchange on which you wish to trade, (if the member is registered for such exchanges) Market Segement you wish to trade Market Value of Portfolio Annual Income Range Information About Investment and Trading Experience and Preferences (1) No prior experience (2)... years in stock (3)... years in derivatives (4)... years in any other investment related field 1. BSE : 2. NSE : 1. Capital Market / Cash Market 2. Derivative Market Less than 5 Lacs 5-10 Lacs Lacs >50 Lacs Less than 1 Lacs 1-05 Lacs Lacs Lacs Whether registered with any Other Broker - Member (If registered with multiple members, provide details of all) YES NO Details of any action taken by SEBI/ stock exchange/any other authority for violation of securities laws/other economic offences Name of Broker : Client Code Exchange (2)

3 Details of Introducer Name Address Relation of introducer with Amrapali Capital & Finance Services Ltd. Client Code with ACFSL Method of introduction (if introducer is an employee) MAPIN/UIN of Introducer Introducer s Signature Name and Designation of Employee/Sub-brokers Employee who interivewed the client Signature of the Employee Who interviewed the client Another client/director or Employee of trading member / Any other person (specify) Direct Marketing / Others CASH SEGMENT Brokerage Slab Brokerage Slabs for Cash and Derivative Segment Slab % Minimum First Leg Second Leg First Leg Second Leg Delivery Based Not Applicable Not Applicable Daily Suare up Service tax Stamp and other Charges Transaction and other Charges Y Y Y N N N Derivative Segment : Slab % for Future And Option on (Strike+Premium) Brokerage Slab Future % Option % First Leg Second Leg First Leg Second Leg Daily Suare up Settlement suare up Expiry Service tax Stamp and other Charges Transaction and other Charges Y Y Y N N N Remiser Scheme Sub Broker Code (3)

4 consent to receive the contract note and trade confirmations Id details (In case of more than one ids select the default Id for receipt of contract notes and trade confirmation) Id Additional ID * tick the appropriate box to select the default option. I/We hereby consent to receive the contract note/trade confirmations of the trades executed by me/us. bills and account statements thereof, notices, circulars, amendments and such other correspondence or documents in electronic form duly authenticated by means of a digital signatures as specified in the Information Technology Act 2000 and the rules made thereunder, to any of my above mentioned ids. I/We further hereby agree that the member shall fulfill the legal obligation, if the above documents are sent electronically to any one of the above ids. I/We agree that the member will not be responsible for nonreceipt of documents sent via electronic delivery due to change in address/correspondence address as mentioned aforesaid. I/We also agree that the member shall not take cognizance of out-of office/out-of-station auto replies and I/We shall be deemed to have received suh electronic mails. Declaration I hereby declare 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. Place Signature : Date : / /200 Name : (4)

5 For NON-INDIVIDUALS Application Number Amrapali Capital And Finance Services Limited Regd. Office : A , 3rd Floor, Narayan Chambers, B/h. Patang Hotel, Ashram Road, Ahmedabad Phone No , , Fax No acfsl@amrapali.com Website : Member : NSE : INB NSE F&O : INF Member Code : NSE BSE : INB BSE F&O : INF Member Code : BSE 0934 Type of Account (Tick Applicable Category) Partnership HUF Proprietorship Corporate Trust FI MF Bank Society NBFC FII OCB Others (Please Specify) Name of Company / Firm Date of Incorporation Date of Commencement of Business Details (Corporation, Firms and Others) Incorport Pancard Certificate of Comencement of Business Registration Number (with ROC-Registration) PAN Number If pan Number is not available please fill in the declaration (Not applicable for HUF) Ward Circle MAPIN ID : Address City Registered Office Address Pincode IT return Bkstamt Lvilcnagr Registrar ackcopy Fax No. State Country Telephone Number Id Address City Address for Correspondence Pincode IT return Bkstamt Lvilcnagr Registrar ackcopy Fax No. State Country Telephone Number Bank Account Details (through which transactions will generally be routed) Account Type Saving / Current Account No. Bank Name Branch Address Personalisedch Chleaf with Bkpassbk Bank Branch Code MICR No. Pincode Depository Account Details (through which transactions will generally be routed) Client ID DP ID DP Name Address of DP DP Paroof (5)

6 Additional DP Details (with proof) DP ID DP Name Client ID For more, provide details on a separate sheet in the format given above. Declaration in lieu of PAN number (U/s 139 Rule 114B) I declare that I have applied for the PAN number but have not been alloted the same as yet. A copy of the PAN applications form (Form 49A) is attached here. I undertake to furnish the PAN to you as soon as I am alloted the same by the Income Tax Department. I do not have PAN as I am not liable to obtain the same as per any provisions of the Income Tax Act. From 49A From 60 RBI/SEBI/Trust Registration Details Additional Details Registration No. Registration Authority Registration Date Nature of Business Uniue Identification Number (MAPIN) No. of Directors / Partners of Entity Market Value of Protfolio Net Worth Investment Experience Stock Exchange on which you wish to trade. (if the member is registered for such exchanges) Market Segement you wish to trade Whether registered with any Other Broker - Member (If registered with multiple members, privide details of all) YES NO Details of any action taken by SEBI/stock exchange/any other authority against the constituent or it s partners/promoters/whole time deirectors/ authorised persons in charge of dealing in securities for violation of securities laws/other economic offences Name Address Relation of introducer with Amrapali Capital and Finance Services Ltd. Client Code with ACFSL Method of Introduction (If introducer is an employee) MAPIN/UIN of Introducer Introducer s Signature Less than 5 Lacs 5-10 Lacs Lacs >50 Lacs Less than 1 Lacs 1-05 Lacs Lacs Lacs (1) No prior experience (2)... years in stock (3)... years in derivatives (4)... years in any other investment related field 1. BSE : 2. NSE : 1. Capital Market / Cash Market 2. Derivative Market Name of Broker : Client Code Name and Designation of Employee / Sub-brokers Employee who interviewed the client Signature of the Employee who interviewed the client Details of Introducer Exchange Another Client / Director or Employee of trading member / Any other person (specify) Direct Marketing / Others (6)

7 Details about Promoters, Directors and Authorized Signatories Names of Promoters Partners / Karta Names of Whole time Directors Names and Designation of Signatories Residential Address Residential Address Residential Address Note : For more than 5 name attach a certified list of these promoters, Directors and Authorised Signatories to the application. Paste recent photographs of promoters / partners / Karta including individual promoters holding 5% or more in the share holding of the company - signature reuired across all such photographs Please Paste Recent Passport size photo here And Sign across it Please Paste Recent Passport size photo here And Sign across it Please Paste Recent Passport size photo here And Sign across it Please Paste Recent Passport size photo here And Sign across it Please Paste Recent Passport size photo here And Sign across it (7)

8 Paste recent photographs of wholetime directors-signature reuired across all such photographs Please Paste Recent Passport size photo here And Sign across it Please Paste Recent Passport size photo here And Sign across it Please Paste Recent Passport size photo here And Sign across it Please Paste Recent Passport size photo here And Sign across it Please Paste Recent Passport size photo here And Sign across it Note : For more than 5 name attach a list (duly certified) of photographs of promoters/partners, whole time directors and authorized signatories. Undertaking to meet Annual Reuirements We undertake that we will submit a certified copy of Annual balance sheet every year before 31st October. We further undertake to submit the update share holding pattern every year before 31st October. Brokerage Slabe for Cash and Deriveative Segment. CASH SEGMENT Brokerage Slab Slab % Minimum First Leg Second Leg First Leg Second Leg Delivery Based Not Applicable Not Applicable Daily Sare up Remiser Scheme Sub Broker Code Service tax Stamp and other Charges Transaction and other Charges Y Y Y N N N (8)

9 Derivative Segment : Slab % for Future And Option on (Strike+Premium) Future % Option % Brokerage Slab First Leg Second Leg First Leg Second Leg Daily Suare up Settlement suare up Expiry Service tax Stamp and other Charges Transaction and other Charges Y Y Y N N N Remiser Scheme consent to receive the contract note and trade confirmations Id details (in case of more than one ids select the default Id for receipt of contract notes and trade confirmaions Id Additional ID *tick the appropriate box to select the default option. I/We hereby consent to receive the contract note/trade confirmations of the trades executed by me/us. Bills and account statements thereof, notices, circulars, amendments and such other correspondence or documents in electronic form duly authecticated by means of a digital signatures as specified in the Information Technology Act 2000 and the rules made thereunder, to any of my above mentioned ids. I/We further hereby agree that the member shall fulfill the legal obligation, if the above documents are sent electronically to any one of the above ids, I/We agree that the member will not be responsible for non-receipt of documents sent via electronic delivery due to change in address/correspondence address as mentioned aforesaid, I/We also agree that the member shall not take cognizance of out-of-office /out-of-station auto replies and I/We shall be deemed to have received such electronic mails. Declaration I hereby declare 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 of misrepresenting I am aware that may be held liable for it. Name of Authorized Signatory Signature with company / firm seal Date : / /200 Place (9)

10 Agreement Between Stock Broker and Client BSE This agreement is made and executed on this day of, 20 between M/s. AMRAPALI CAPITAL & FINANCE SERVICES LTD. a Company incorporated and registered under the Companies Act, 1956, and having registered office at , 3rd Floor, Narayan Chambers, B/h. Patang Hotel, Ashram Road, Ahmedabad hereinafter referred to as the stock broker (which expression shall, unless it be repugnant to the context or meaning thereof, be deemed to mean and include its legal successors, and assignees) of the one part. And Mr./Ms/M/s an individual/a sole proprietary concern/a HUF / a partnership firm/a body corporate, registered/incorporated, under the provisions of the Indian Partnership Act, 1932 / the Companies Act, 1956, having his / her / its residence / registered office at (hereinafter called the client ) which expression shall, unless repugnant to the context or meaning thereof, be deemed to mean and include his/her heirs, executors, administrators and legal representatives / karta of the HUF / the partners for the time being of the said firm, the survivor or survivors of them and their respective heirs, executors, administrators and legal representatives / its successors, as the case may be, of the Other Part; Whereas the stock broker is registered as the stock broker of Bombay Stock Exchange Limited, (herein after referred to as the Exchange or BSE ) with SEBI registration number INB in the Capital Market / Cash Segment and SEBI registration number INF in the Futures and Options Segment. Whereas the client is desirous of investing/trading in those securities/ contracts/other instruments admitted to dealings on the Exchange as defined in the Rules, Byelaws and Regulations of the Exchange and circulars issued there under from time to time. Whereas the client has satisfied itself of the capacity of the stock broker to deal in securities and/or deal in derivatives contracts and wishes to execute its orders through the stock broker and the client shall from time to time continue to satisfy itself of such capability of the stock broker before executing orders through the stock broker. Whereas the stock broker has satisfied and shall continuously satisfy itself about the genuineness and financial soundness of the client and investment objectives relevant to the services to be provided; and Whereas the stock broker has taken steps and shall take steps to make the client aware of the precise nature of the Stock broker s liability for business to be conducted, including any limitations, the liability and the capacity in which the stock broker acts. WHEREAS the stock broker and the client agree to be bound by all the Rules, Bye- laws and Regulations of the Exchange and circulars issued there under and Rules and Regulations of SEBI and relevant notifications of Government authorities as may be in force from time to time. Now, therefore, in consideration of the mutual understanding as set forth in this agreement, the parties hereto have agreed to the following terms and conditions: 1. The client agrees to immediately notify the stock broker in writing if there is any change in the information in the client registration form provided by the client to the stock broker at the time of opening of the account or at any time thereafter. 2. The stock broker declares that it has brought the contents of the Risk Disclosure Document to the notice of client and made him aware of the significance of the said document. The client agrees that : a. The Client has read and understood the risks involved in trading on a stock exchange, b. The Client shall be wholly responsible for all his investment decisions and trades. c. The failure of the client to understand the risk involved shall not render a contract as void or voidable and the client shall be and shall continue to be responsible for all the risks and conseuences for entering into trades in the segments in which the client chose to trade. d. The Client is liable to pay applicable initial margins, withholding margins, special margins or such other margins as are considered necessary by the stock broker or the Exchange or as may be directed by SEBI from time to time as applicable to the segment(s) in which the client trades. The stock broker is permitted in its sole and absolute discretion to collect additional margins (even though not reuired by the Exchange, Clearing House/Clearing Corporation or SEBI) and the client shall be obliged to pay such margins within the stipulated time. e. Payment of margins by the client does not necessarily imply complete satisfaction of all dues. In spite of consistently having paid margins, the client may, on the closing of its trade, be obliged to pay (or entitled to receive) such further sums as the contract may dictate/reuire. 3. The Client agrees to pay to the stock broker brokerage and statutory levies as are prevailing from time to time and as they apply to the Client s account, transactions and to the services that stock broker renders to the Client. The stock broker agrees that it shall not charge brokerage more than the maximum brokerage permissible as per the rules, regulations and bye-laws of the relevant stock exchange/ SEBI. 4. The client agrees to abide by the norms of the exposure limits, if any, set by the stock broker or by the Exchange or Clearing Corporation or SEBI from time to time. 5. Without prejudice to the stock broker s other rights (including the right to refer a matter to arbitration), the stock broker shall be entitled to liuidate/close out all or any of the client s positions for non-payment of margins or other amounts, outstanding debts, etc. and adjust the proceeds of such liuidation / close out, if any, against the client s liabilities/ obligations. Any and all losses and financial charges on account of such liuidation/closing-out shall be charged to and borne by the client. 6. The stock broker agrees that the money/securities deposited by the client shall be kept in a separate account, distinct from his/its own account or account of any other client and shall not be used by the stock broker for himself/itself or for any other client or for any purpose other than the purposes mentioned in SEBI Rules and Regulations circulars/ guidelines/exchanges Rules/Regulations/Bye-laws and circulars. 7. The client agrees to immediately furnish information to the stock broker in writing, if any winding up petition or insolvency petition has been filed or any winding up or insolvency order or decree or award is passed against him or if any litigation which may have material bearing on his capacity has been filed against him. 8. The stock broker agrees to inform the client and keep him apprised about trading/settlement cycles, delivery/payment schedules, any changes there in 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. (10)

11 9. In the event of death or insolvency of the client or his/its otherwise becoming incapable of receiving and paying for or delivering or transferring securities which the client has ordered to be bought or sold, stock broker may close out the transaction of the client and claim losses, if any, against the estate of the client. The client or his successors, heirs and assigns shall be entitled to any surplus which may result there from. 10. The stock broker agrees that it shall co-operate in redressing grievances of the client in respect of transactions routed through it and in removing objections for bad delivery of shares, rectification of bad delivery, etc. in respect of shares and securities delivered/to be delivered or received/ to be received by the client. 11. The stock broker shall continue to be responsible for replacing bad deliveries of the client in accordance with applicable Good & bad delivery norms even after termination of the agreement and shall be entitled to recover any loss incurred by him in such connection from the client. 12. The stock broker shall ensure due protection to the client regarding client s rights to dividends, rights or bonus shares, etc. in respect of transactions routed through it and it shall not do anything which is likely to harm the interest of the client with whom and for whom it may have had transactions in securities. 13. The client and the stock broker agree to refer any claims and/or disputes to arbitration as per the Rules, Byelaws and Regulations of the Exchange and circulars issued thereunder as may be in force from time to time. 14. The stock broker hereby agrees that he shall ensure faster settlement of any arbitration proceedings arising out of the transactions entered into between him and the client and that he shall be liable to implement the arbitration awards made in such proceedings. 15. Information about default in payment/delivery and related aspects by a client shall be brought to the notice of the Exchange. In case. where defaulting client is a corporate entity/partnership/proprietary firm or any other artificial legal entity, then the name(s) of director(s)/ promoter(s)/ Partner(s)/proprietor as the case may be, shall also be communicated to the exchange. 16. The stock broker and the client agree to reconcile their accounts at the end of each uarter with reference to all the settlements where payouts have been declared during the uarter. 17. The stock broker and the client agree to abide by any award passed by the Ombudsman under the SEBI (Ombudsman) Regulations, The stock broker and the client declare and agree that the transactions executed on the Exchange are subject to Rules, Byelaws and Regulations and circulars issued thereunder of the Exchange and all parties to such trade shall have submitted to the jurisdiction of such court as may be specified by the Byelaws and Regulations of the Exchange for the purpose of giving effect to the provisions of the Rules, Byelaws and Regulations of the Exchange and the circulars issued thereunder. 19. The instructions issued by an authorized representative, if any, of the client shall be binding on the client in accordance with the letter authorizing the said representative to deal on behalf of the said client. 20. Where the Exchange cancels trade(s) suo moto all such trades including the trade/s done on behalf of the client shall ipso facto stand cancelled. 21. This agreement shall forthwith terminate: if the stock broker for any reason ceases to be a stock broker of the stock exchange including cessation of stock brokership by reason of the stock broker s default, death, resignation or expulsion or if the certificate issued by the Board is cancelled. 22. The stock broker and the client shall be entitled to terminate this agreement without giving any reasons to the other party, after giving notice in writing of not less than one month to the other parties. Notwithstanding any such termination, all rights, liabilities and obligations of the parties arising out of or in respect of transactions entered into prior to the termination of this agreement shall continue to subsist and vest in /be binding on the respective parties or his / its respective heirs, executors, administrators, legal representatives or successors, as the case may be. 23. In addition to the specific rights set out in this Agreement, the stock broker and the client shall be entitled to exercise any other rights which the stock broker or the client may have under the Rules, Bye-laws and Regulations of the Exchange and circulars issued thereunder or Rules and Regulations of SEBI. 24. Words and expressions which are used in this Agreement, but which are not defined herein shall, unless the context otherwise reuires have the same meaning as assigned thereto in the Rules, Byelaws and Regulations of the Exchange and circulars issued thereunder. 25. The provisions of this agreement shall always be subject to Government notifications, any rules, regulations, guidelines and circulars issued by SEBI and Rules, Regulations and Bye laws of the relevant stock exchange that may be in force from time to time. 26. The stock broker hereby undertakes to maintain the details of the client as mentioned in the client registration form or any other information pertaining to the client in confidence and that it shall not disclose the same to any person/ authority except as reuired under any law/ regulatory reuirements. Provided however that the stock broker may so disclose information about its/his client to any person or authority with the express permission of the client. Terms and conditionsmention above can be altered, amended and /or modified by the parties mutually in writing. Provided however, 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 relevanl stock Exchange. Such changes shall be deemed to have been incorporated herein in modification of the rights and obligations of the parties mentioned in this agreement. Provided further that stock broker may communicate any changes to the agreement in writing or by electronic form to the client Such changes are binding on the client if no objection has been received by the stock broker within 30 days from date of such communication. IN WITNESS WHEREOF the Stock Broker and Client has caused these presents to be executed as of the day and year first herainabove mentioned. The client s Signature/ Authorized Signatory; Signed by : - Title Name of the client For, Amrapali Capital & Finance Services Ltd. Authroized Signatory Witness : Wintess Note : All references to the specific uantity/rate/fee mentioned in this agreement are subject to change from time to time, as so agreed to in writing between the parties. (11)

12 Agreement Between Stock Broker and Client NSE This agreement is made and executed on this day of, 20 between: M/s. AMRAPALI CAPITAL & FINANCE SERVICES LTD. a Company incorporated and registered under the Companies Act,1956, and having registered office at A , 3rd Floor, Narayan Chambers, B/h. Patang Hotel, Ashram Road, Ahmedabad hereinafter referred to as the stock broker (which expression shall, unless repugnant to the context or meaning thereof, be deemed to mean and include its legal successors, and assignees) of the one part. And Mr./Ms/M/s an individual/a sole proprietary concern/a HUF / a partnership firm/a body corporate, registered/incorporated, under the provisions of the Indian Partnership Act, 1932 / the Companies Act, 1956, having his / her / its residence / registered office at (hereinafter called the client ) which expression shall, unless repugnant to the context or meaning thereof, be deemed to mean and include his/her heirs, executors, administrators and lega representatives / karta of the HUF / the partners for the time being of the said firm, the survivor or survivors of them and their respective heirs, executors, administrators and legal representatives / its successors, as the case may be, of the Other Part; Whereas the stock broker is registered as the stock broker of National Stock Exchange Ltd. with SEBI registration number INB in the Capital Market/Cash Segment and SEBI registration number INF in the Futures and Options Segment. Whereas the client is desirous of investing/trading in those securities/ contracts/other instruments admitted to dealings on the Exchange as defined in the Rules, byelaws and Regulations of the Exchange and circulars issued there under from time to time. Whereas the client has satisfied itself of the capacity of the stock broker to deal in securities and/or deal in derivatives contracts and wishes to execute its orders through the stock broker and the client shall from time to time continue to satisfy itself of such capability of the stock broker before executin orders through the stock broker. Whereas the stock broker has satisfied and shall continuously satisfy itself about the genuineness and financial soundness of the client and investment objectives relevant to the services to be provided; and Whereas the stock broker has taken steps and shall take steps to make the client aware of the precise nature of the Stock broker s liabilily for business to be conducted, including any limitations, the liability and the capacity in which the stock broker acts. WHEREAS the stock broker and the client agree to be bound by all the Rules, Bye- laws and Regulations of the Exchange and circulars issued thereudner and Rules and Regulations of SEBI and relevant notifications of Government authorities as may be in force from time to time. Now, therefore, in consideration of the mutual understanding as set forth in this agreement, the parties thereto have agreed to the following terms and conditions: 1. The client agrees to immediately notify the stock broker in writing if there is any change in the information in the client registration form provided by the client to the stock broker at the time of opening of the account or at any time thereafter. 2. The stock broker declares that it has brought the contents of the Risk Disclosure Document to the notice of client and made him aware of the significance of the said document. The client agrees that: a The Client has read and understood the risks involved in trading on a stock exchange. b. The Client shall be wholly responsible for all his investment decisions and trades. c. The failure of the client to understand the risk involved shall not render a contract as void or voidable and the client shall be and shall continue to be responsible for all the risks and conseuences for entering into trades in the segments in which the client chose to trade. d. The Client is liable to pay applicable initial margins, withholding margins, special margins or such other margins as are considered necessary by the stock broker or the Exchange or as may be directed by SEBI from time to time as applicable to the segment(s) in which the client trades. The stock broker is permitted in its sole and absolute discretion to collect additional margins (even though not reuired by the Exchange, Clearing House/Clearing Corporation or SEBI) and the client shall be obliged to pay such margins within the stipulated time. e. Payment of margins by the client does not necessarily imply complete satisfaction of all dues. In spite of consistently having paid margins, the client may, on the closing of its trade, be obliged to pay (or entitled to receive) such further sums as the contract may dictate/reuire 3. The Client agrees to pay to the stock broker brokerage and statutory levies as are prevailing from time to time and as they apply to the Client s account, transactions and to the services that stock broker renders to the Client. The stock broker agrees that it shall not charge brokerage more than the maximum brokerage permissible as per the rules, regulations and bye-laws of the relevant stock exchange/sebi. 4. The client agrees to abide by the norms of the exposure limits, if any, set by the stock broker or by the Exchange or Clearing Corporation or SEBI from time to time. 5. Without prejudice to the stock broker s other rights (including the right to refer a matter to arbitration), the stock broker shall be entitled to liuidate/close out all or any of the client s positions for non-payment of margins or other amounts, outstanding debts, etc. and adjust the proceeds of such liuidation / close out, if any, against the client s liabilities/ obligations. Any and all losses and financial charges on account of such liuidation/closing-out shall be charged to and borne by the client. 6. The stock broker agrees that the money/securities deposited by the client shall be kept in a separate account, distinct from his/its own account or account of any other client and shall not be used by the stock broker for himself/itself or for any other client or for any purpose other than the purposes mentioned in SEBI Rules and Regulations circulars/ guidelines/exchanges Rules/Regulations/Bye-laws and circulars. 7. The client agrees to immediately furnish information to the stock broker in writing, if any winding up petition or insolvency petition has been filed or any winding up or insolvency order or decree or award is passed against him or if any litigation which may have material bearing on his capacity has been filed against him. 8. The stock broker agrees to inform the client and keep him apprised about trading/settlement cycles, delivery/payment schedules, any changes therein from time to time, and it shall be the responsibility in turn of the client to comply with such schedules/procedures of the relevant stock exchange. (12)

13 9. In the event of death or insolvency of the client or his/its otherwise becoming incapable of receiving and paying for or delivering or transferring securities which the client has ordered to be bought or sold, stock broker may close out the transaction of the client and claim losses, if any against the estate of the client. The client or his successors, heirs and assigns shall be entitled to any surplus which may result there from. 10. The stock broker agrees that it shall co-operate in redressing grievances of the client in respect of transactions routed through it and in removing objections for bad delivery of shares, rectification of bad delivery, etc. in respect of shares and securities delivered/to be delivered or received/ to be received by the client. 11. The stock broker shall continue to be responsible for replacing bad deliveries of the client in accordance with applicable Good & bad delivery norms even after termination of the agreement and shall be entitled to recover any loss incurred by him in such connection from the client. 12. The stock broker shall ensure due protection to the client regarding client s rights to dividends, rights or bonus shares, etc. in respect of transactions routed through it and it shall not do anything which is likely to harm the interest of the client with whom and for whom it may have had transactions in securities. 13. The client and the stock broker agree to refer any claims and/or disputes to arbitration as per the Rules, Byelaws and Regulations of the Exchange and circulars issued thereunder as. may be in force from time to time. 14. The stock broker hereby agrees that he shall ensure faster settlement of any arbitration proceedings arising out of the transaction entered into between him and the client and that he shall be liable to implement the arbitration awards made in such proceedings. 15. Information about default in payment/delivery and related aspects by a client shall be brought to the notice of the Exchange. In case, where defaulting client is a corporate entity/partnership/proprietary firm or any other artificial legal entity, then the name(s) of director(s)/ promoter(s)/ Partner(s)/proprietor as the case may be, shall also be communicated to the exchange. 16. The stock broker and the client agree to reconcile their accounts at the end of each uarter with reference to all the settlements where payouts have been declared during the uarter. 17. The stock broker and the client agree to abide by any award passed by the Ombudsman under the SEBI (Ombudsman) Regulations, The stock broker and the client declare and agree that the transactions executed on the Exchange are subject to Rules, Byelaws and Regulations and circulars issued thereunder of the Exchange and all parties to such trade shall have submitted to the jurisdiction of such court as may be specified by the Byelaws and Regulations of the Exchange for the purpose of giving effect to the provisions of the Rules, Byelaws and Regulations of the Exchange and the circulars issued thereunder. 19. The instructions issued by an authorized representative, if any, of the client shall be binding on the client in accordance with the letter authorizing the said representative to deal on behalf of the said client. 20. Where the Exchange cancels trade(s) suo moto all such trades including the trade/s done on behalf of the client shall ipso facto stand cancelled. 21. This agreement shall forthwith terminate if the stock broker for any reason ceases to be a stock broker of the stock exchange including cessation of stock brokership by reason of the stock broker s default, death, resignation or expulsion or if the certificate issued by the Board is cancelled. 22. The stock broker and the client shall be entitled to terminate this agreement without giving any reasons to the other party, after giving notice in writing of not less than one month to the other parties. Notwithstanding any such termination, all rights, liabilities and obligations, of the parties arising out of or in respect of transactions entered into prior to the termination of this agreement shall continue to subsist and vest in /be binding on the respective parties or his / its respective heirs, executors, administrators, legal representatives or successors, as the case may be. 23. In addition to the specific rights set out in this Agreement, the stock broker and the client shall be entitled to exercise any other rights which the stock broker or the client may have under the Rules, Byeilaws and Regulations of the Exchange and circulars issued thereunder or Rules and Regulations of SEBI. 24. Words and expressions which are used in this Agreement, but which are not defined herein shall, unless the context otherwise reuires have the same meaning as assigned thereto in the Rules, Byelaws and Regulations of the Exchange and circulars issued thereunder. 25. The provisions of this agreement shall always be subject to Government notifications, any rules, regulations, guidelines and circulars issued by SEBI and Rules, Regulations and Bye laws of the relevant stock exchange that may be in force from time to time. 26. The stock broker hereby undertakes to maintain the details of the client as mentioned in the client registration form or any other information pertaining to the client in confidence and that it shall not disclose the same to any person/ authority except as reuired under any law/ regulatory reuirements: Provided however that the stock broker may so disclose information about its his client to any person or authority with the express permission of the client. Terms and condition mention above can be altered, amended and /or modified by the parties mutually in writing. Provided however, 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 Exchange, such changes shall be deemed to have been incorporated herein in modification of the rights and obligations of the parties mentioned in this agreement. Provided further that stock broker may communicate any changes to the agrreement in writing or by electronic form to the client Such changes are binding on the client if no objection has been received by the stock broker within 30 days from date of such communication. IN WITNES WTHEREOF the Stock Broker and Client has caused these presents to be executed as of the day and year first herainabove mentioned. The client s Signature/ Authorized Signatory; Signed by : - Title : Name of the client For, Amrapali Capital & Finance Services Ltd. Authroized Signatory Witness : Wintess Note : All references to the specific uantity/rate/fee mentioned in this agreement are subject to change from time to time, as so agreed to in writing between the parties. (13)

14 TRIPARTITE AGREEMENT BETWEEN STOCK BROKER, SUB BROKER AND CLIENT This agreement is made and executed on this day of 20 between : AMRAPALI CAPITAL & FINANCE SERVICES LTD. a body corporate, incorporated under the provisions of the Companies Act, 1956, being member of Bombay Stock Exchange Limited and National Stock Exhcange of India Ltd. (hereinagter called the Exchange ), and having its registered office. at , Narayan Chambers, 3rd Floor, B/h. Patang Hotel, Ashram Road, Ahmedabad (hereinafter called the Stock Broker ) which expression shall, unless repugnant to the context or meaning thereof, be deemed to mean and include itself in the capacity of a trading Stock Broker, its heirs, executors, administrators and legal representatives, as the case may be, of the One Part; AND (name of the Sub broker) (hereinafter referred to as the Sub broker ), an individual/ a sole proprietary concern/a partnership firm/a body corporate, registered/ incorporated, under the provisions of the Indian Partnership Act, 1932/the Companies Act, 1956, having his/its office/registered office at which expression shall, unless repugnant to the context or meaning thereof, be deemed to mean and include his/her heirs, executors, administrators and legal representatives/the Partners for the time being of the said entity, the survivor or survivors of them and their respective heirs, executors, administrators and legal representatives/ its successors, as the case may be, of the Second Part; AND (name of the Client) (hereinafter referred to as the Client ), an individual/a sole proprietary concern/a partnership firm/a body corporate, registered/ incorporated, under the provisions of the Indian Partnership Act, 1932/the Companies Act, 1956, having his /its residence/office/ at which expression shall, unless repugnant to the context or meaning thereof, be deemed to mean and include his/her heirs, executors, administrators and legal representatives/the partners for the time being of the said entity, the survivor or survivor of them and their respective heirs, executors, administrators and legal representatives/ its successors, as the case may be, of the Third Part; WHEREAS 1. Whereas the Member is registered as Trading Member of National Stock Exhcange of India Ltd. with SEBI Registration No. INB in Capital Market/Cash Segment and INF in the Futures and Option Segment & The Stock Exchange Mumbai with SEBI Registration No. INB in Capital Market/Cash Segment and INF in the Futures and Option segment. 2. The Sub broker states that : a) The Sub broker is recognized by The Exchange, as a Sub broker affiliated to the Stock Broker of the stock exchange with Sub broker SEBI registration Number b) The Sub broker is not affiliated to any other member of the same stock exchange, c) The Sub broker has the necessary infrastructure like adeuate office space, euipment and manpower to effectively discharge his/its activities. 3. The Client is registered with the Sub broker as a Client for purpose of availing broking services through the Sub broker affiliated to the Stock Broker and is desirous of investing/trading in those securities/ contracts/ other instruments admitted for dealings on the Exchange as defined in the Rules, Byelaws and Regulations of the Exchange and circulars issued thereunder from time to time. A copy of the CLIENT REGISTRATION FORM is annexed hereto. 4. Whereas the Stock Broker has satisfied and shall continuously satisfy itself about the genuineness and financial soundness of the Client and investment objectives relevant to the services to be provided by the Stock Broker to the Client pursuant to this agreement; and 5. Whereas the Stock Broker has taken steps and shall take steps to make the Client aware of the precise nature of the Stock Broker s/sub broker s liability for business to be conducted, including any limitations, the liability and the capacity in which the Stock Broker/Sub broker acts. 6. Whereas the Stock Broker, the Sub broker and the Client agree to be bound by all the Rules, byelaws and Regulation of the Exchange and circulars issued there under and Rules and Regulations of SEBI and relevant notifications of Government authorities as may be in force or amended from time to time. 7. Whereas the Client has the reuired legal capacity to enter into this agreement and is capable of performing his/her/its obligations and undertakings there under. NOW THIS AGREEMENT WITNESSETH AND IT IS HEREBY AGREED BY AND BETWEEN STOCK BROKER, SUB BROKER AND CLIENT AS UNDER: 1. The Stock Broker and Sub broker hereby acknowledge and confirm that the Sub broker is affiliated to the Stock Broker and that the Sub broker shall within the scope of the authority given under these presents, be entitled to act as a Sub broker within the meaning and subject to SEBI (Stock Brokers and Sub brokers) Rules, 1992 and SEBI (Stock Broker and Sub brokers) Regulations 1992 (hereinafter referred to as the said Rules and Regulations respectively) as amended from time to time, for assisting the Client in buying, selling or dealing in securities through the Stock Broker. 2 The Client affirms and shall continue to affirm every time an order is placed through the Stock Broker or an application preferred, as the information provided in and/or the statements made in the CLIENT REGISTRATION FORM are true and not misleading. The Client agrees to immediately notify the Stock Broker/Sub broker in writing if there is any change in the information in the CLIENT REGISTRATION FORM provided by the Client to the Stock Broker/Sub broker at the time of opening of the account or at any time thereafter. 3 The Stock Broker, the Sub broker and the Client agree that they shall abide by all the statutory responsibilities and obligations imposed on them by the rules, regulation and / or any other rules or regulations applicable to the Stock Brokers, the Sub brokers and the Clients in general either framed by SEBI or by the relevant stock exchange/clearing corporation and/or any Government Circulars as may be in force or amended from time to time. 4. The Stock Broker and the Sub broker declare that they have brought the contents of the RISK DISCLOSURE DOCUMENT to the notice of Client and made him aware of the significance of the said document. The Client agrees that: a b c d e He has read and understood the risks involved in trading on a stock exchange. He shall be wholly responsible for all his investment decisions and trades. The failure of the Client to understand the risk involved shall not render a contract as void or voidable and the Client shall be and shall continue to be responsible for all the risks and conseuences for entering into trades in the segments in which the Client chooses to trade. He is liable to pay applicable initial margins, withholding margins, special margins or such other margins as are considered necessary by the Stock Broker or the Exchange or as may be directed by SEBI from time to time as applicable to the segment(s) in which the Client trades The Stock Broker is permitted in its sole and absolute discretion to collect additional margins (even though not reuired by the Exchange, Clearing House/Clearing Corporation or SEBI) and the Client shall be obliged to pay such margins within the stipulated time. Payment of margins by the Client in the form of Cash, Fixed Deposit, Securities or any other form which shall be mutually accepted by both, does not necessarily Imply complete satisfaction of all dues. In spite of consistently having paid margins, the Client may, on the closing of its trade, be obliged to pay (or entitled to receive) such further sums as the contract may dictate/reuire. 5. The Client agrees to pay to the Stock Broker brokerage, Commission, fees, other charges 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 the Stock Broker/ the Sub broker renders to the Client. The Stock Broker agrees that it shall not charge brokerage more than the maximum brokerage permissible as per the rules, regulations and byelaws of the relevant stock exchange/sebi, A schedule of brokerage, commissions, fees applicable on service, other statutory levies and other transaction expenses shall be provided by the Stock Broker to the Client from time to time upon reuest by the Client. 6. Authorization for Debit : Without prejudice to any other clause of this agreement and/or the general terms and conditions, the Client understands and agrees that the Stock Broker may charge additional financial charges according to the rules, byelaws and regulations of the relevant exchange and usual custom of the market for any extra services rendered by the Stock Broker and as reuired by the Client, or for such extra / reasonable costs, including legal fees, incurred by the Stock Broker for collecting the dues payable by the Client to Stock Broker, an exchange, clearing corporation/ clearing house, any agent or Sub broker of the Stock Broker and/ or any other individual, partnership, corporation, company, organisation, association, trust or other entity acting for or on behalf of the Stock Broker. 7. The Client agrees to abide by the norms of the exposure limits, if any. set by the Stock Broker or by the Exchange or Clearing Corporation or SEBI from time to time. 8. In case where the payment by the Client towards margin is made through cheue / pay order / demand draft, issued in favour of Stock Broker, any trades would be executed by the stock Broker only upon the realization of the funds of the said cheue / pay order / demand draft or at the discretion of the Stock Broker. 9. The Stock Broker agrees that the monies/securities deposited by the Client shall be kept in a separate account, distinct from its own account or account of any other Client and shall not be used by the Stock Broker for itself or for any other Client or for any purpose other than the purposes mentioned in SEBI Rules and Regulations circulars/ guidelines/exchanges Rules/Regulations/Byelaws and circulars. 10. The Client hereby unconditionally, absolutely, and irrevocably undertakes to pay immediately any amount due and payable under this agreement on being called upon to do so, merely on a demand in writing or otherwise from the Stock Broker/the Sub broker stating that the amount has become due and any such demand made on the Client shall be conclusive as regards the amount due and payable by the Client. 11. Lien: All the securities and / or properties placed with the Stock Broker shall be subject to a lien for the discharge of any and all indebtedness or any other obligation that the Client may have to Stock Broker. All of the Client s securities and / or other property shall be held by the Stock Broker as security for payment of any such obligation or indebtedness to Stock Broker. In enforcing its lien, Stock Broker at its sole discretion may determine which securities and / or other properties are to be sold or which contracts are to be enforced. 12. Provisions in the event of a default : 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 liuidate/close out all or any of the Client s positions as well as securities placed as margin for non-payment of margins or other amounts, outstanding debts, etc. and adjust the proceeds of such liuidation / close out, if any. against the Client s liabilities/ obligations. Any and all losses and financial charges on account of such liuidation/closing-out shall be charged to and borne by the Client. Such liuidation/ close out will be without any prior reference or notice to the Client. The Stock Broker/ the Sub broker are hereby fully indemnified and held harmless by the Client in this behalf. Any shortfall after closing out the position of the Client of the Sub broker which Client fails to pay will be borne by the Sub broker. 13. The Client agrees & authorises the Stock Broker/ the Sub broker to Instruct the concerned Depository Participant to block any security sold from the designated security account against his order or the order of his power of attorney holder to sell securities. If their order gets executed either fully or partially then the securities sold would be transferred to the Stock Broker s Account. The Client further agrees and confirms that the Client will not pledge or otherwise use any security that has been blocked by the concerned Depository Participant on the instruction of the Stock Broker/the Sub broker, The Client or by its power of attorney holder at any time, and the Client authorizes the Stock Broker / the Sub broker to Instruct the concerned Depository Participant on Client s behalf to dishonour any such instructions. 14. SHORTAGES : In case of purchase of securities by the Client, at times the Stock broker may be unable to deliver the securities to the said purchaser on the pay out day due to non receipt of the securities from the stock exchange(s) or in case of non receipt of the said securities from another Client of the Stock broker who has sold the securities against the said purchase transection. in cases of short delivery from the exchange, the securities shall be delivered to the purchaser on the deliveries received from the exchange and in cases of short delivery due to non receipt of the said securities from another Client of the Stock Broker, the securities shall be delivered to the purchaser as per the policy of the company or may be closed out at the rate as worked out in clause no. 16 of the agreement or such other terms or rate as amended from time to time. 15. Auction or close out in case of Market Shortage : If the securities are not received on or before settlement date or the securities received are not in deliverable state or due to any reason whatsoever, Client is not able to deliver securities and position is deliverable in market, the securities will be auctioned or closed out as per the rules of the concerned exchange. Conseuently, Client will be responsible for any resulting losses and all associated cost including penalty levied by the exchange. 16. Close out in case of Internal Shortages : The Client hereby agrees that if he/she/it has short delivered any securities against his/her/its pay-in obligation which resulted into internal shortage i.e. buy position of another Client of the Stock Broker and could not be auctioned in the market then close out price will be 7% above the closing price on settlement (Payin Payout) day or such other % as may be revised by the Stock Broker from time to time. (14)

15 17. Pay out of securities/fund : In order to facilitate operations, the Client authorises the Client authorises the Stock Broker to maintain a running account with the Stock Broker, instead of settlement to settlement clearance of funds/securities due to Client. The pay out of funds/securities may be retained by the Stock Broker and no interest shall be payable by the Stock Broker on such securities/funds so retained. The Client authorises the Stock Broker to transfer the securities so retained by the Stock Broker in any settlement or inter-settlement towards the pay-in obligation of the Client against future sale. The Client also authorises the Stock Broker to consider the funds/securities so retained by the Stock Broker towards collateral margin for allowing enhanced gross exposure to the Client. The Client agrees that the Stock Broker / the Sub Broker shall not be liable for any claim for loss of profit, or for any conseuential, incidental, special or exemplary damages/caused by retention of such securities/funds under this agreement or otherwise. On written reuest of the Client the Stock Broker may release funds/securities to him, if sufficient margins in respect of his trading, across the stock exchage(s) and across the segments of the stock exchange(s) are available with the Stock Broker. 18. Delayed payment : Notwithstanding anything contained in these presents and without prejudice to margin funding guidelines issued by SEBI, any amounts which are overdue from a Client towards trading either in the Cash segment or on account of any other reason to the Stock Broker or to any of the Stock Brokers group or associate companies, may be charged delayed payment charges at the rate of 1.5% per month or part thereof or such other rate as may be determined by the Stock Broker. The Client hereby authorises the Stock Broker to directly debit the same to the account of the Client at the end of each month/ such other interval as may be decided by the Stock Broker. The Client also agrees that any amount overdue from him/her/it (including the interest on delayed payment) shall be offset against the dues owed by the Stock Broker to the Client. 19. Authorisation of Inter segment/ Inter Company ledger Account balance transfer : The Client hereby authorises the Stock Broker to transfer his/her/its debit/credit ledger account balance arising during the course of business in his/her/its account to his/her/its account in any of the segment of the Stock Broker or the Stock Broker s group company i.e. Amrapali Capital & Finance Services Limited. and Amrapali Industries Limited, as often as may be reuired. Transfer may be completed by passing journal entries in the books of the Stock Broker. The Client can ascertain such transfer based on review of ledger account copies provided by the Stock Broker. 20. Acting as a Sub broker : The Client agrees that he will not act as a Sub broker without prior written permission of the Stock Broker, the stock exchange and without obtaining certificate of Registration from Securities and Exchange Board of India (SEBI). 21. Restriction On / Regulation On Dealings : The parties hereto shall mutually decide, from time to time, the volume of business which the Clients may transact during any trading day on any Exchange. Notwithstanding such an agreement/arrangement between the parties, the Stock Broker shall have absolute discretion to reduce the volume of business of the Client or restrict dealings by the Client without any prior notice to the Client having regard to, i) the volatility in the market; ii) iii) iv) in view of impending price sensitive announcements; any restrictions in relation to volume of trading/ outstanding business or margins stipulated by any Exchange; political instability in the country; v) presence of any other price sensitive factors; vi) vii) failure by the Client to maintain the applicable collateral/ margin; and/ or delays by the Client in meeting its obligations/ dues relating to the business/ dealings done under this Agreement or pursuant to any other agreement between the Client and the Stock Broker, including but not limited to the general terms and conditions. 22. The Stock Broker agrees to inform the Sub broker/client and keep them 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 Sub broker/client to comply with such schedules/procedures of the relevant stock exchange. 23. The Client agrees to immediately furnish information to the Sock Broker in writing, if any winding up petition or insolvency petition has been filed or any winding up or insolvency order or decree or award is passed against him or if any litigation which may have material bearing on his capacity has been filed against him. 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 securities which the Client has ordered to be bought or sold, Stock Broker may close out the transaction of the Client and claim losses, if any, against the estate of the Client. The Client or his successors, heirs and assigns shall be entitled to any surplus which may result there from. 25. The Stock Broker and the Sub broker agree that they shall co-operate and help each other in redressing grievances of the Client in respect of transactions routed through them and in removing objections for bad delivery of shares, rectification of bad delivery, etc. in respect of shares and securities delivered/to be delivered or received/to be received by the Clients of Sub broker from the member and vice-versa. 26. The Stock Broker shall continue to be responsible for replacing bad deliveries of the Client in accordance with applicable Good & bad delivery norms even after termination of the agreement and shall be entitled to recover any loss incurred by him in such connection from the Client. 27. Stock Broker and the Sub broker agree that each of them shall ensure due protection to the Client regarding Client s rights to dividends, rights or bonus shares, etc. in respect of transactions routed through them and they shall not jointly or severally do anything which is likely to harm the interest of the Client with whom and for whom they may have had transactions in securities. 28. The Client and the Stock Broker agree to refer any claims and/or disputes to arbitration as per the Rules, Byelaws and Regulations of the Exchange and circulars issued thereunder as may be in force from time to time and shall be deemed to be and shall take effect as wholly made, entered into and to be performed in the city of Mumbai and the parties to such trade shall be deemed to have submitted to the jurisdiction of the Courts in Mumbai for the purpose of giving effect to the provisions of the rules and regulations of the exchange. 29. The Stock Broker and the Sub broker hereby agree that they will assist and cooperate with each other in ensuring faster settlement of any arbitration proceedings arising out of the transactions entered into between them vis-a-vis the Client and they shall be jointly or severally liable to implement the arbitration awards made in such proceedings. In case of an award against a Sub broker, if the Sub broker fails to implement the award, the Stock Broker shall be liable to implement the same and would be entitled to recover the same from the Sub broker. 30. The Stock Broker and the Sub broker hereby agree that all transactions in securities on behalf of the Clients of the Sub broker shall be settled by delivery and/or payment, between the Stock Broker and the Client in accordance with the provisions of rules, byelaws and regulations of the relevant stock exchange on which the transactions took place and subject to the procedures for settlement of transactions laid down by the relevant stock exchange from time to time. 31. Information about default in payment/delivery and related aspects of the Client, including that of a Sub broker as a Client shall be brought to the notice of the relevant Stock Exchange(s) by the Stock Broker. In case where defaulting Sub broker/client is a corporate entity/partnership/proprietary firm or any other artificial legal entity, then the name(s) of director(s)/ promoter(s)/partner(s}/proprietor as the case may be, shall also be communicated to the relevant stock exchange(s) by the Stock Broker. 32. The Client agrees to download his account statement from the Stock Broker back Office web site or any other web site which the Stock Broker will have and want the Client to use. Any discrepancy in the account statement shall be brought to notice of the Stock Broker/the Sub Broker within one week from the end of each uarter, failing which the account statement appearing in the books of the Stock Broker shall be deemed to be correct and accepted by the Client, In case such information is not available on the web site for a technical reason, the Client takes the responsibility of calling the Stock Broker/the Sub broker and getting the information, Further, the Sub broker will provide assistance to Stock Broker and Client to reconcile their accounts at the end of each uarter with reference to all the settlements where payouts have been declared during the uarter. 33. The Stock Broker shall issue, individually for each Client of his Sub broker, contract notes in the format prescribed by the relevant stock exchange. The Sub broker shall render necessary assistance to his Client in obtaining the contract note from the Stock Broker. 34. The Client agrees that each participating Exchange or association or agency that supplies any data to be displayed on the website asserts a proprietary interest in all of the market data it furnishes to parties that disseminate the said data. Neither the Stock Broker nor the Sub broker or any agency or any supplier of market data guarantees the timeliness, seuence, accuracy, completeness, reliability or content of market information, or messages disseminated to or by the party, The services of Stock Broker are provided on an as available basis without warranties of any kind either express or implied including, without limitation those of merchantability and fitness for a particular purpose. 35. Neither the Stock Broker nor any other party disseminating any data/message/information through the Website shall be liable for any inaccuracy, error, emission or delay in the transmission or delivery of : (i) (ii) (iii) (iv) (v) Any such Data, information or message, or Any lose or damage arising from or occasioned by Any such inaccuracy, error, delay or omission, Non-perfomace or Interruption in any such data, information or message, due to either any act or omission by the Stock Broker or any disseminating party or to any force majeure (e.g. flood, extraordinary weather condition, earthuake or other act of nature, fire, war, insurrection, riot, labour dispute, accident, action of government, communications, power failure euipment or software malfunction) or any other cause beyond the reasonable control of the Stock Broker or any disseminating party. 36. The Client acknowledges that the Stock Broker/ Sub broker shall neither be under any obligation to provide the Client with any tax, legal, accounting, investment advice or advice regarding the suitability or profitability of investment of any kind, nor do the Stock Broker/ Sub broker give any advice or give any opinion with respect to the nature, potential value or suitability of any particular transaction or investment strategy. The Client acknowledges that the employees of the Stock Broker/ the Sub broker or the Stock Broker/ the Sub broker itself/ himself are not authorised to give out any advice and the Clients shall at all times be responsible and liable for his own actions / inaction. The Client may be able to access investment research reports through the internet from the web-site, including computerised on-line service or physical copy. The availability of such information does not constitute a recommendation to buy or sell any of the investment products. Any investment decision will be based solely on the Clients own evaluation of financial circumstances and investment objective. Any real-time uotes provided are only for the Clients own use and the Client shall not furnish such data to any other person or entity. 37. The Client is authorised to use materials which are made available by the Stock Broker, or of other third parties at the Stock Broker s website for Client s own needs only in accordance with the terms and conditions specified for such usage and Client is not authorised to resell access to any such materials or to make copies of any such materials for sale or use by others. Client will not delete copyright or other intellectual property rights notices from printouts of electronically accessed materials. 38. The Client shall, at all times, be responsible for the Investment decisions and/or orders placed or applications preferred by the Client either electronically or otherwise. The Client shall neither hold nor seek to hold the Stock Broker or any of its Directors, officers, employees, agents or affiliates, the Sub broker liable for any loss including but not limited to the trading losses incurred by the Client. The Client understands that the placing of the order with the Stock Broker electronically or otherwise does not guarantee execution of the said order or the acceptance of the application. Though orders will generally be routed to the exchange s computer systems within a few seconds from the time the order is placed by the Client to the Stock Brokers trading system, the Stock Broker shall not be liable for any delay in the execution of any order or any resultant loss on account of that delay. The Stock Broker shall not be deemed to have received any order electronically or application unless it has confirmed the same. 39. In case of a market order the Client agrees that he/ she/ it will receive the price at which the order has been executed by the exchanges computer systems and such price may be different from the price at which the security is trading when his/ her/ its order is entered into the Stock Brokers trading system. 40. The Stock Broker, the Sub broker and the Client agree to abide by any award passed by the Ombudsman under the SEBI (Ombudsman) Regulations, The Stock Broker and the Client declare and agree that the transactions executed on the Exchange are subject to Rules, Byelaws and Regulations and circulars issued thereunder of the Exchange and all parties to such trade shall have submitted to the jurisdiction of such court as may be specified by the Byelaws and Regulations of the Exchange for the purpose of giving effect to the provisions of the Rules. Byelaws and Regulations of the Exchange and the circulars issued thereunder. 42 Authorised Representative : a) The trading and other instructions for facilitating and carrying out business issued telephonically or through any other means either express or implied by an authorized representative of the Client shall be binding on the Client. b) The Client hereby authorises his representative(s) and or to trade and transact in securities for and on behalf of the Client. In the event of authorised representative(s) being replaced it shall be the responsibility of the Client to inform the Stock Broker of the change in writing failing which the Client shall be responsible for the trade obligations arising out of the actions of both the representative(s) old as well as new. c) If any transaction under this agreement or under any other agreement or otherwise with the Stock Broker has/have been executed on behalf of the Client by any other person not mentioned above and same/ has/have been accepted by Client from time to time on the basis of the contract note(s) bills/any other correspondence dispatched/ communicated to the Client by the Stock Broker and/or by part or full settlement of the said transaction(s) by the Client then such transaction(s) shall be deemed to be executed by the person authorised by the client and the Client hereby agrees to ratify and accept all such or other Actions of such persons and undertakes to meet all obligations arising from these transaction(s). d) The Client shall be bound by all the transactions undertaken by the Stock Broker pursuant to the instructions of the above said persons. (15)

16 43. The Client hereby agrees that the Stock Broker/ the Sub broker or the exchanges shall not be liable for non-execution of any order caused due to suspension, interruption, non-availability or malfunctioning of the online as well as offline trading service or the exchange system or services for any reasons whatsoever. 44. The Client is aware that Stock Broker may tape record the conversation between the Client / Client s representative and the Stock Broker, either directly or over the telephone, and hereby specifically permits the Stock Broker to do so. Such recording may be relied upon by the Stock Broker as valid evidence as and when reuired. 45. Where the Exchange cancels trade(s) suo moto all such trades including the trade/s done on behalf of the Client shall ipso facto stand cancelled, member shall be entitled to cancel the respective contract(s) with Client(s) 46. The Stock Broker may, however, assign their rights and obligations to any third person without the prior consent of the Client. 47. The Stock Broker, the Sub broker or the Client shall be entitled to terminate this agreement without giving any reasons to the other party, after giving notice in writing of not less than one month to the other parties at their respective addresses mentioned below. Notwithstanding any such termination, all rights, liabilities and obligations of the parties arising out of or in respect of transactions entered into prior to the termination of this agreement shall continue to subsist and vest in /be binding on the respective parties or his / its respective heirs, executors, administrators, legal representatives or successors, as the case may be. 48. In the event of Sub broker terminating this agreement 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 agreement governing the Client and Stock Broker shall continue to be in force as it is, unless the Client intimates to the Stock Broker his/its intention to terminate the agreement by giving a notice in writing of not less than one month. 49. This agreement shall forthwith terminate; (i) (ii) if the Stock Broker for any reason ceases to be a member of the Stock Exchange including cessation of membership by reason of the Stock Broker s default, death, resignation or expulsion or if the certificate issued by the Board is cancelled; upon the 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. Provided however, in such an event, 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 agreement governing the Client and Stock Broker shall continue to be in force as it is, unless the Client intimate to the Stock Broker or the Stock Broker intimates to the Client his/its intention to terminate the agreement by giving one month notice in writing. 50. The provisions of this agreement shall always be subject to Government notifications, any rules, regulations, guidelines and circulars issued by SEBI and Rules, Regulations and Bye laws of the relevant stock exchange that may be in force from time to time. 51. In addition to the specific rights set out in this Agreement, the Stock Broker, the Sub broker and the Client shall be entitled to exercise any other rights which the Stock Broker, Sub broker or the Client may have under the Rules, Byelaws and Regulations of the Exchange and circulars issued thereunder or Rules and Regulations of SEBI. 52. Words and expressions which are used in this Agreement, but which are not defined herein shall, unless the context otherwise reuires, have the same meaning as assigned thereto in the Rules, Byelaws and Regulations of the Exchange and circulars issued thereunder. 53. The Stock Broker and the Sub broker hereby undertake to maintain the details of the Client as mentioned in the Client registration form or any other information pertaining to the Client in confidence and that they shall not disclose the same to any person/authority except as reuired under any law/regulatory reuirements: Provided however that the Stock Broker or Sub broker may so disclose information about its Client to any person or authority with the express permission of the Client. However the Stock Broker can use the information of the Client for its own group companies/ branches/its Sub broker/franchisee. 54. A copy of this agreement is being provided to the Client at the time of execution of this agreement and the Client acknowledges the receipt of the same. Further, in case the Client misplaces the copy provided to him/her/it, he/she/ it can put a written reuest for additional copy at his/her/its cost. 55. This agreement can be altered, amended and /or modified by the parties mutually in writing without derogating from the contents of this Agreement. Provided however, if the rights and obligations of the parties hereto are altered by virtue of change in Rules and regulations of SEBI or Byelaws, Rules and Regulations of the relevant Stock Exchange, such changes shall be deemed to have been incorporated herein in modification of the rights and obligations of the parties mentioned in this agreement. 56. The Stock Broker discloses herewith that it undertakes proprietary trading in addition to Client business. 57. SEVERANCE : In case any one or more of the provisions contained in this Agreement becomes invalid, illegal or unenforceable in any respect under any law, the validity, legality and enforceability of the remaining provisions contained herein shall not in any way be affected or impaired thereto. 58. WAIVER : No forbearance, relaxation or inaction by any party at any time to reuire the performance of any provision of this Agreement shall in any way affect, diminish, or prejudice the right of such party to reuire the performance of that or any other provision of this Agreement or be considered to be a waiver of any right, unless specifically agreed in writing. 59. NOTICES : All notices or communications issued under this agreement shall be served in any one or more or all of the following ways and such notice or communication under (i) to (xii) below shall be served at the ordinary business address and / or ordinary place of residence and / or last known address of the Client in any one or more of the following ways. (i) by post, (ii) by registered post, (iii) under certificate of posting, (iv) by express delivery post, (v) by telegram, (vi) by affixing it on the door at the last known business or residential address, (vii) by oral communication to the party or on the last known telephone number or on the recording machine of such number (viii) by advertising it in at least one prominent daily newspaper having circulation in the area where the last known business or residential address of the Client is situated (ix) by sending a message through trading system (x) by a notice posted on the notice board of the Exchange if no address be known, (xi) by electronic mail or fax (xii) by hand delivery 60. 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 any one or more of the above ways as mentioned above. 61. Clauses for Electronic Contract Note : The Client has permitted the Stock Broker to provide the Electronic Contract Notes (ECN) authenticated by means of digital signature in substitute of the Physical Contract Note/ statement of A/c s etc through internet. However, the Stock Broker may at its discretion; continue to issue contract notes in Physical format instead of ECN with or without levying charges for the same. Now therefore in consideration of the Stock Broker having agreed to provide the ECN/ Statement of A/c s etc. Through internet, parties to the agreement hereby agree to the following terms: I) The Client shall provide his/her/its registered ID for delivery of contract notes/ Statement of Account etc. In case Client does not provide or posses an ID he agrees that he will access the website of the Stock Broker or any other designated location (specified by the Stock Broker from time to time). The ECN will be deemed to be delivered at the designated location where Client can log into the internet site using his/ her/ its username and password. Once the ECN have been delivered at the designated location viz. the internet site the Client accepts the same as delivery of the contract note. II) iii) iv) The Client shall access the contract notes/trade confirmation of the trades executed on their behalf on the trade date electronically through or or such other means / mode as may be provided by the Stock Broker from time to time. The Client understands that it is their responsibility to review all confirmations, contract notes, statements, notices and other communications including but not limited to margin and maintenance calls. All information contained therein shall be binding on the Client, if Client does not object, either in writing or via electronic mail within 24 hours after any such documents are available to the Client. Further, the ECN will be available for such time as specified from time to time at the designated location. The Client will be reuired to save/ print/ download the contract note for archiving. Should the Client experience any difficulty opening a document electronically delivered by the Stock Broker, the Stock Broker may make the reuired delivery by any other electronic means ( , electronic mail attachment, or in the form of an available download from the back office website) or in paper based format. Failure to advise the Stock Broker/ the Sub broker of such difficulty within forty eight hours after delivery shall serve as an affirmation that Client was able to receive and open the said document. That in case when the Stock Broker is not able to provide Contract Notes to its Client s through Internet due to any unforeseen problem, the Stock Broker/the Sub broker should ensure that the contract note reaches the Client in physical form as per the time schedule stipulated in Bye laws Rules and Regulations of the stock exchange. v) The Client shall take all the necessary steps to ensure confidentiality and secrecy of the login name & password. Unless the Client lodges a complaint with the Stock Broker as to his inability to access the system, if would be presumed that contract notes and all other documents have been properly delivered. vi) vii) The Stock Broker, the Sub broker and the Client hereby agrees to abid by the amendment in ECN from time to time if reuired, for complying with any statue, regulation or with the reuirements of any competent authority. The Client agrees that the Stock Broker fulfils its legal obligation to deliver to Client any such document if sent via electronic delivery. The above terms and conditions are in addition to and not in contravention of the terms and / condition forming a part of the Tripartite Agreement signed by the Client. Clauses for Internet Trading 62. The Client shall be entitled to invest in those products which are introduced on the website of the Stock Broker. The transactions shall be executed in accordance with the bye laws, rules and regulations governing the specific investment product. The Stock Broker may from time to time vary the limits on the orders and the terms and conditions the Client may place, including the exposure limits, turnover limits, limits as to numbers etc. The Client agrees that the Stock Broker shall not be responsible for any variation reduction that may be deemed necessary by the Stock Broker based on the risk perception and other relevant factors. 63. The Stock Broker shall cause to be displayed the terms and conditions governing the purchase/ sale or any other transaction in any of the investment products introduced by it. Provided that the Stock Broker shall be entitled to modify the said terms and conditions and such a change shall be displayed on so as to intimate the Client. The continued use of the terms and conditions shall be deemed to be an acceptance of the modify/altered terms and conditions. 64. The Stock Broker may at its discretion send any document that is obligatory to be sent to the Client by means of electronic communication with the possible exception of insertions of graphics insertions like photographs or logotypes. This electronic communication may be in the form of an or an attachment or in the form of a download available on the website. Every document so sent shall contain such information as mandated by the concerned statutory/regulatory authority. The Stock Broker would be deemed to have fulfilled the legal obligation to deliver to the Client if sent in the electronic mode. The Client shall download the said document promptly on intimation of the notice. Provided on the reuest made by the Client, The Stock Broker shall at its discretion deliver in physical form also in case of any difficulty experienced by the Clients. 65. Password : The CLIENT is aware that authentication technologies and strict security measures are reuired for the internet trading through order routed system and undertakes to ensure that he/she/it must: (I) Keep the password totally confidential and not reveal it to any third party (ii) Choose a password that must contain a mix of alphabets, numbers and special characters which must not be readily accessible personal data or guessable combination of letters, numbers. (iii) Commit the password to memory and not to record any written or electronic form. (16)

17 iv) Not let any unauthorized person have access to their computers or leave the computer unattended while accessing the Electronic payment gateway for net banking. v) In case the Client forgets the password for that account with the Stock Broker, it/he/she can reuest for change of the password. vi) vii) Change the password assigned by the Stock Broker on accessing the EPG for net-banking for the first time. As a measure of safety to change the password as freuently thereafter as possible. viii) In the absence ol any specific reuest for not collecting the password the password shall be sent to the Client by courier at his/her/its own risk and conseuences to the address modified by them for correspondence. ix) The Stock Broker shall not be liable if the password falls in the hands of any unauthorized person. 66. The Client accepts full responsibility for the monitoring and safeguarding of the Client s accounts. The Client shall immediately notify STOCK BROKER in writing, delivered via and Registered AD : (i) (ii) (iii) (iv) (v) If the Client becomes aware of any loss, theft or unauthorised use of the passwords or digital signatures, as the case may be and account number; or If the Client discovers a security flaw in the Stock Brokers trading system or any of the aforesaid factors, the client shall immediately change his password. However, if the Client is unable to change his password by reason of his having forgotten his password or his password having been unauthorisedly changed by some other person or for any other reason then the Client shall immediately reuest the Stock Broker in writing to discontinue his old password; and thereupon the Stock Broker shall cause the Stock Brokers trading system to discontinue the old password and the Stock Brokers trading system shall generate a new password for the Client. At no point in time shall the Stock Broker be liable or responsible, whether notional or actual, that may be suffered by the client on account of the misuse of the password. Any failure by the Client to receive a message from the Stock Broker indicating that an order or application was received and executed; or any failure by the Client to receive an accurate confirmation of an execution; or Any receipt by the Client of confirmation of an order and/or execution which the Client has not placed; or Any Inaccurate information in the account balances, Investment Products positions, or transaction history. 67. If the Client fails to notify the Stock Broker Immediately upon the Client s knowledge when any of the above conditions occur, neither the Stock Broker nor any of its officers, directors, employees, agents, affiliates, subsidiaries or the Sub broker can or will have any responsibility or liability to the Client or to any other person whose claim may arise through the Client for any claims including but not limited to claims arising with respect to the handling, mishandling or loss of any order. Under no circumstances, including negligence, shall the Stock Broker or any one involved in creating, producing delivering or managing the Stock Broker s services be liable for any direct, indirect, incidental, special or conseuential damages that result from the use of or inability to use the service, or out of any breach of any warranty. 68. The use and storage of any Information including, without limitation, the passwords or digital signatures, as the case may be portfolio Information, transaction activity, account balances and any other information or orders available on the Client s personal computer is at the Client s own risk and is the Client s sole responsibility. Client is responsible for providing and maintaining the communications euipment (including personal computers and modems) and telephone or alternative services reuired for accessing and using the website or related services, and for all communications service fees and charges incurred by the Client in accessing the website or related services. 69. The Client acknowledges that he is fully aware of the risks involved in online trading activities, including the risk involved due to unauthorised access or any technical difficulties. Client specifically agrees to hold the Stock Broker/ the Sub broker harmless from any and all claims, and agrees that the Stock Broker/ the Sub broker shall not be liable for any loss, actual or perceived, caused directly or indirectly by government restriction, Exchange or market regulation, suspension of trading, war, strike, euipment failure, communication line failure, system failure, security failure on the Internet, unauthorised access, theft or any problem, technological or otherwise, or other condition beyond the control of Stock Broker that might prevent the Client from entering an order or the Stock Broker, from executing an order. Client further agrees that he will not be compensated by Stock Broker/ the Sub broker for opportunity loss viz., notional profits on buy/ sell orders which could not be executed. Furthermore, in a technical environment should an error occur with respect to the tracking of any account holding or order entry, the true, actual and correct transaction or position will be restored. It is Client s responsibility to ensure correctness and accuracy of account and to contact the Stock Broker immediately in respect of any discrepancies. 70. The Client agrees that the Stock Broker/ the Sub broker shall not be liable or responsible for non-execution of the orders of the Client due to any link/system failure at the Client/ the Stock Broker/ Exchange end. 71. The Client is responsible for the accuracy of information supplied to the Stock Broker through the use of the Internet trading facility or through such other means like electronic mail or any written communication. The Stock Broker accepts no liability for conseuences arising out of the erroneous information supplied by the Client. In case the Client suspects that an error in the information has been submitted by him, he shall on an immediate basis intimate the same to the Stock Broker. 72. The Stock Broker/ the Sub broker shall under no circumstances be held liable by the Client in case of Internet Access not being available in the desired Manner for reasons including but not limited to natural calamity, floods, fire and any natural disasters, legal restrains or faults in the telecommunication network or any internet or network failure, software/hardware or any other reason beyond its control. 73. The Client is aware that the Stock Broker has provided on the web site a facility for reconfirmation of orders, which are larger than that specified by the Stock Broker s risk management and is also aware that the Stock Broker has the discretion to reject the execution of such orders based on his risk perception. Certain orders or applications, at the Stock Broker s sole discretion may be subject to manual review, thereby delaying the processing of the Client s order or application. The Client shall receive the price at which the Client s order or application is actually executed in the Exchanges or otherwise, as the case may be, which in the event of a delay may be different from the price at which the Client s order or application was placed. 74. The Client agrees that any reuest for cancellation/modification of an order or an application shall be subject to the order or application not having been acted upon or already being executed or it being outside the control of the Stock Broker to make any cancellation or modification to such order or application. An order or application shall be deemed to have been executed or cancelled only after the Client has received a statement from the Stock Broker intimating him of the status of his order. 75. The Client agrees that the software underlying the Internet Trading System which are reuired for accessing the Internet trading facility are the legal property of the Stock Broker and the Client shall not attempt to modify, translate, disassemble, decompile or reverse engineer the software underlying the service. The permission given by the Stock Broker shall not convey any proprietary/ownership rights in the above software. 76. The Stock Broker shall also send the order/trade confirmation slip through to the Client at his reuest, within (time period as specified by the Client) from the time of execution of order/trade on the BOLT/NEAT system, as the case may be. The Client agrees that the information sent by the Stock Broker by is deemed to be a valid delivery of such information by the Stock Broker. ELECTRONIC PAYMENT GATEWAY (EPG) 77. Electronic payment gateway for net banking services- (i) (ii) (iii) (iv) (v) The Stock Broker shall endeavour to provide through the Electronic payment gateway for net-banking such services as the Stock Broker may decide and reserve from time to time and which may vary from customer to customer. These facilities shall be offered in a phased manner and the Stock Broker may make additions/deletions to the said services at its sole discretion. The availability /non-availability of a particular service shall be intimated through , written communication or the web page of the Stock Broker. In case of joint A/c with two or more signatories the Stock Broker shall offer such services restricted by the joint operation of the said account. In case of a minor the said account shall be operated by a natural guardian who shall undertake not to reveal the user Id and password to the minor. The Stock Broker shall take reasonable care to ensure the security of and prevent the unauthorized access to the EPG for net-banking service using technology reasonable accessible to the Stock Broker. The Client agrees that he/she/it shall not use or permit to use the EPG for net-banking for any illegal/improper services for making any payment either on -line or otherwise. 78. Electronic payment gateway for net banking access : (i) (ii) The Client understands that the Stock Broker would allot them a user Id and password for enabling them to access the EPG for net-banking. The Client acknowledges that if any third party obtains access to the password of the customer, such third party would be able to provide the payment instruction to the Stock Broker. The specific clauses related to the password allocation are specific given under the password heading which forms part and parcel of this agreement. In addition to the customer id and password the Stock Broker may at its discretion adopt such measures including but not limited to digital certification and/or smart cards. The Client agrees that it shall not attempt or permit others to attempt the account information stored in the computers of the Stock Broker other than the EPG for net-banking services. The Client shall not reuest for any proof for transactions undertaken through the net and the audit trail of the log-in would be conclusive proof to establish that the transactions are bona-fide. 79. Electronic payment gateway for net banking : (i) The Client shall be free to utilize the Payment Instruction service through the electronic payment gateway for net-banking for transfer of funds for the purposes of transactions effectuated through the Stock Broker. (ii) (iii) (iv) (v) The Client has the full right to access and avail of the services obtained and they shall comply and observe the applicable laws and regulations in each jurisdiction. They shall not access to their family/ relatives/friends account or any other persons account through this gateway facility for the transfer of funds and if done so the Client shall be fully responsible and not the Stock Broker in any manner. The Client shall not involve the Stock Broker as a party to such transaction. The Client shall provide any Stock Broker with such information and/or such assistance as is reuired by the Stock Broker for the performance of the agreement and/or any other obligations of the Stock Broker under this agreement. The Client shall not any point of time provide to any person, with any details of the accounts held by it/him/her with the Stock Broker including the passwords, account number which may be assigned to it/ him/ her by the Stock Broker from lime to time. 80. Authority to the Stock Broker : (i) (ii) (iii) EPG for net-banking transactions in the customers account is permitted only after the authentication of the customer ID and password. The Client agrees that they grant express authority to the Stock Broker or the bank to carry out the transactions performed by them for the EPG for net-banking The Stock Broker shall have no obligation to verity the authenticity of any transaction received from the Client through the EPG for net-banking or purporting to be sent by means other than the use of the customer Id and password. The display or the print out produced at the time of opening of the EPG for net-banking shall be a record of the operation of the internet access and shall not be construed as the Stock Broker s record of the relative transactions. The Stock Brokers or bank s own record of transactions maintained through computer systems or otherwise shall be accepted as conclusive and binding for all purposes unless any discrepancy is pointed out within one week from the date of access or the date of sending the periodical statement, whichever is earlier. All transactions arising from the use of the EPG for net-banking, to operate a joint account, shall be binding on all the joint account holders, jointly and severally. IN WITNESS WHEREOF, the parties hereto have set their hands and signatures on the day, month and year first above written Signed. The client s Signature/ For Amrapali Capital & Finance Services Ltd. Sub Broker s Signature Authorised Signatory Authorised Signatory Authorised Signatory: Signed by: Title: Name of the client: Witness : Witness : Witness : Note: All references to the specific uantity/rate/fee mentioned in this agreement are subject to change from time to time, as so agreed to in writing between the parties (17)

18 (COMBINED RISK DISCLOSURE DOCUMENT FOR CAPITAL MARKET/CASH SEGMENT AND FUTURES & OPTION SEGMENT) This document is issued by the member of the National Stock Exchange of India (hereinafter referred to as NSE ) / The Stock Exchange, Mumbai (hereinafter referred to as BSE ) which has been formulated by the Exchanges in coordination with the Securities and Exchange Board of India (hereinafter referred to as SEBI ) and contains important information on trading in Euities and F&O Segments of NSE / BSE. All prospective constituents should read this document before trading on Capital Market/Cash Segment or F&O segment of the Exchanges. NSE/BSE/SEBI does neither singly or jointly and expressly nor impliedly guarantee nor make any representation concerning the completeness, the adeuacy or accuracy of this disclosure document nor has NSE / BSE/SEBI endorsed or passed any merits of participating in the trading segments. This brief statement does not disclose all the risks and other significant aspects of trading. In the light of the risks involved, you should undertake transactions only if you understand the nature of the contractual relationship into which you are entering and the extent of your exposure to risk. You must know and appreciate that investment in Euity shares, derivative or other instruments traded on the Stock Exchange(s), which have varying element of risk, is generally not an appropriate avenue for someone of limited resources/limited investment and/or trading experience and low risk tolerance. You should therefore carefully consider whether such trading is suitable for you in the light of your financial condition. In case you trade on NSE/ BSE and suffer adverse conseuences or loss, you shall be solely responsible for the same and NSE/BSE, its Clearing Corporation/Clearing House and/ or SEBI shall not be responsible, in any manner whatsoever, for the same and it will not be open for you to take a plea that no adeuate disclosure regarding the risks involved was made or that you were not explained the full risk involved by the concerned member. The constituent shall be solely responsible for the conseuences 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 sate of a security or derivative being traded on NSE/BSE. It must be clearly understood by you that your dealings on NSE / BSE through a member shall be subject to your fulfilling certain formalities set out by the member, which may interalia include your filling the know your client form, client registration form, execution of an agreement, etc., and are subject to the Rules, Byelaws and Regulations of NSE/BSE and its Clearing Corporation, guidelines prescribed by SEBI and in force from time to time and Circulars as may be issued by NSE/BSE of its Clearing Corporation/Clearing House and in force from time to time. NSE / BSE does not provide or purport to provide any advice and shall not be liable to any person who enters into any business relationship with any trading member and/or sub-broker of NSE / BSE and/or any third party based on any information contained in this document. Any information contained in this document must, not be construed as business advice/investment advice. No consideration to trade should be made without thoroughly understanding and reviewing the risks involved in such trading. If you are unsure, you must seek professional advice on the same. In considering whether to trade or authorize someone to trade for you, you should be aware of or must get acuainted with the following: 1. BASIC RISKS INVOLVED IN TRADING ON THE STOCK ECHANGE (EQUITY AND OTHER INSTRUMENTS) 1.1 Risk of Higher Volatility : Volatility refers to the dynamic changes in price that securities undergo when trading activity continues on the Stock Exchange. Generally, higher the volatility of a security/ contract, greater is its price swings: There maybe normally greater volatility in thinly traded securities /contracts than in active securities / contracts: As a result of volatility, your order may only be partially executed or not executed at all, or the price at which your order got executed may be substantially different from the last traded price or change substantially there after, resulting in notional or real losses. 1.2 Risk Of Lower Liuidity : Liuidity refers to the ability of market participants to buy and/or sell securities /contracts expeditiously at a competitive price and with minimal price difference. Generally, it is assumed that more the numbers of orders available in a market, greater is the liuidity. Liuidity is important because with greater liuidity, it is easier for investors to buy and/or sell securities / contracts swiftly and with minimal price difference, and as a result, investor are more likely to pay or receive a competitive price for securities / contracts purchased or sold. There may be a risk of lower liuidity in some securities / contracts as compared to active securities / contracts : As a result, your order may only be partially executed, or may be executed with relatively greater price difference or may not be executed at all Buying/selling without intention of giving and/or taking delivery of a security, as part of a day trading strategy, may also result into losses, because in such a situation, stocks may have to be sold/ purchased at a low/high prices, compared to the expected price levels, so as not to have any obligation to deliver/receive a security. 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 and immediately selling it or vice versa. Lower liuidity and higher volatility may result in wider than normal spreads for less liuid or illiuid securities / contracts. This in turn will hamper better price formation. 1.4 Risk-reducing orders : Most Exchanges have a facility for investors to place limit orders, stop loss orders etc. The placing of such orders (e.g., stop loss order, 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 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 uantity, 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 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 A stop loss order is generally placed away from the current price of a stock / contract, and such order gets activated if and when the stock / contract reaches, or trades, through, the stop price. Sell stop orders are entered ordinarily below the current price, and buy stop orders are entered ordinarily above the current price. When the stock reaches the pre-determined price, or trades through such price, the stop loss order converts to a market/limit order and is executed at the limit or better. There is no assurance therefore that the limit order will be executable since a stock / contract might penetrate the pre-determined price, in which case, the risk of such order not getting executed arises, just as with a regular limit order. 1.5 Risk of News Announcements : Issuers make news announcements that may impact the price of the securities / contracts. These announcements may occur during trading, and when combined with lower liuidity and higher volatility, may suddenly cause an unexpected positive or negative movement in the price of the security / contract. 1.6 Risk of Rumours : Rumours about companies at times float in the market through word of mouth, newspapers, websites or news agencies, etc. The investors should be wary of and should desist from acting on rumours. 1.7 System Risk : High volume trading will freuently occur at the market opening arid before market close. Such high volumes may also occur at any point in the day. These may cause delays in order execution or confirmation During periods of volatility, on account of market participants continuously modifying their order uantity or prices or placing fresh orders, there may be delays in order execution and its confirmations Under certain market conditions, it may be difficult or impossible to liuidate a position in the market at a reasonable price or at all, when there are no outstanding orders either on the buy side or the sell side, or if trading is halted in a security due to any action on account of unusual trading activity or stock hitting circuit filters or for any other reason. 1.8 System/Network Congestion : Trading on NSE/BSE is in electronic mode, based on satellite / leased line based communications, combination of technologies and computer systems to place and route orders. Thus, there exis s 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 and Options segment is concerned, please note and get yourself acuainted with the following additional features : 2.1 Effect of Leverage or Gearing The amount of margin is small relative to the value of the derivatives contract so the transactions are leveraged or geared. Derivatives trading, which is conducted with a relatively small amount of margin, provides the possibility of great profit or loss in comparison with the principal investment amount. But transactions in derivatives carry a high degree of risk. You should therefore completely understand the following statements before actually trading In derivatives trading and also trade with caution while taking into account one s circumstances, financial resources, etc. If the prices move against you, you may lose a part of or whole margin euivalent to the principal investment amount in a relatively short period of time. Moreover, the loss may exceed the original margin amount. A. Futures trading involves daily settlement of all positions. Every day the open positions are marked to market based on the closing level of the index. If the index has moved against you, you will be reuired to deposit the amount of loss (notional) resulting from such movement. This margin will have to be paid within a stipulated time frame generally before commencement of trading next day. B. If you fail to deposit the additional margin by the deadline or. If an outstanding debt occurs in your account, the broker/member may liuidate 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 illiuidity, 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 reuired to put up additional margins or reduce your positions. E. You must ask your broker to provide the full details of the derivatives contracts you plan to trade i.e. the contract specifications and the associated obligations 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 Exchange may impose exercise restrictions and have absolute authority to restrict the exercise of options at certain times in specified circumstances. 2.3 Risks of Option Writers. 1. If the price movement of the underlying is not in the anticipated direction, the option writer funs the risks of losing substantial amount. 2. The risk of being an option writer may be reduced by the purchase of other option on the same underlying interest and thereby assuming a spread position ot by acuiring other types of hedging ositions in the options markets or other markets. However, even where the writer has assumed a spread or other hedging position, the risks may still be significant, A spread position is not necessarily less risky than a simple long or short position 3. Transactions that involve buying and writing multiple options in combination or buying or writing options in combination with buying or selling short the underlying interests, present additional risks to investors. Combination transactions, such as option spreads, are more complex than buying or writing a single option. And it should be further noted that, as in any area of investing, a complexity not well understood is, in itself, a risk factor. While this is not to suggest that combination strategies should not be considered, it is advisable, as is the case with all investments in options, to consult with someone who is experienced and knowledgeable with respect to the risks and potential rewards of combination transactions under various market circumstances. GENERAL 3.1 Commission and other charges Before you begin to trade, you should obtain a clear explanation of all commission, fees and other charges for which you will be liable. These charges will affect your net profit (if any) or increase your loss. 3.2 Deposited cash and property You should familiarise yourself with the protections accorded to the money or other property you deposit particularly in the event of a firm insolvency or bankruptcy. The extent to which you may recover your money or property may be governed by specific legislation or local rules. In some jurisdictions, property which has been specifically identifiable as your own will be pro-rated in the same manner as cash for purposes of distribution in the event of a shortfall. In case of any dispute with the member, the same shall be subject to arbitration as per the byelaws/regulations of the Exchange. 3.3 For rights and obligations of the clients, please refer to Annexure-l enclosed with this document. 3.4 The term constituent shall mean and include a client, a customer or an investor, who deals with a member for the purpose of acuiring and/or selling of securities through the mechanism provided by NSE/BSE. 3.5 The term member shall mean and include a trading member, a broker or a stock broker, who has been admitted as such by NSE/BSE and who holds a registration certificate as a stock broker from I hereby SEBI acknowledge that I have received and understood this risk disclosure statement and Annexure-l containing my rights and obligation Signature of the Client (If Partner, Corporate, or other Signatory, then attest with company seal.) DD/MM/YYYY (18)

19 ANNEURE-1 INVESTORS RIGHTS AND OBLIGATIONS 1.1 You should familiarise yourself with the protection accorded to the money or other property you may deposit with your member, particularly in the event of a default in the stock market or the broking firm s insolvency or bankruptcy Please ensure that you have a documentary proof of your having made deposit of such money or property with the member, staling towards which account such money or property deposited Further, it may be noted that the extent to which you may recover such money or property may be governed by the Byelaws and Regulations of NSE/ BSE and the scheme of the Investors Protection Fund in force from time to time Any dispute with the member with respect to deposits, margin money, etc., and producing an appropriate proof thereof, shall be subject to arbitration as per the Rules, Byelaws Regulations of NSE/BSE or its Clearing Corporation / Clearing House. 1.2 Before you begin to trade, you should obtain a clear idea from your member of all brokerage, commissions, fees and other charges which will be levied on you for trading. These charges will affect your net cash inflow or outflow. 1.3 You should exercise due diligence and comply with the following reuirements of the NSE/BSE and/or SEBI: Please deal only with and through SEBI registered members of the Stock Exchange and are enabled to trade on the Exchange. All SEBI registered members are given a registration no., which may be verified from SEBI. The-details of all members of NSE/BSE and whether they are enabled to trade may be verified from. NSE/BSE website ( Demand any such information, details and documents from the member, for the purpose of verification, as you may find it necessary to satisfy yourself about his Credential Furnish all such details in full as are reuired by the member as reuired in Know Your Client form, which may also include details of. PAN or Passport or Driving Licence or Voters ID, or Ration Card, bank account and depository account, or any such details made mandatory by SEBI/NSE at any time, as is available with the investor Execute a broker-client agreement in the form prescribed by SEBI and/or the Relevant Authority of NSE or its Clearing Corporation/ Clearing House from time to time, because this may be useful as a proof of your dealing arrangements with the member Give any order for buy or sell of a security in writing or in such form or manner, as may be mutually agreed. Giving instructions in writing ensures that you have proof of your intent, in case of disputes with the member Ensure that a contract note is issued to you by the member which contains minute records of every transaction. Verify that the contract note contains details of order no., trade number, trade time, trade price, trade uantity, name of security, client code allotted to you and showing the brokerage separately. Contract notes are reuired to be given/sent by the member to the investors latest on the next working day of the trade. Contract note can be issued by the member either in electronic form using digital signature as reuired, or in hard copy. In case you do not receive a contract note on the next working day or at a mutually agreed time, please get in touch with the Investors Grievance Cell of NSE/BSE, without delaying Facility of Trade Verification is available on NSE/BSE website ( com/ where details of trade as mentioned in the contract note may be verified from the trade date upto five trading days. Where trade details on the website, do not tally with the details mentioned in the contract note, immediately get in touch with the Investors Grievance Cell of NSE/BSE Ensure that payment/delivery of securities against settlement is given to the concerned member within one working day prior to the date of pay-in announced by NSE/BSE or it s Clearing Corporation / Clearing House. Payments should be made only by account payee cheue in favour of the firm/ company of the trading member and a receipt or acknowledgment towards what such payment is made be obtained from the member. Delivery of securities is made to the pool account of the member rather than to the beneficiary account of the member in case pay-out of money and/or securities is not received on the next working day after date of pay-out announced by NSE/BSE or its Clearing Corporation / Clearing House, please follow-up with the concerned member for its release, in case pay-out is not released as above from the member within five working days, ensure that you lodge a complaint immediately with the Investors Grievance Cell of NSE/BSE Every member is reuired to send a complete Statement of Accounts, for both funds and securities settlement to each of its constituents, at such periodicity as may be prescribed by time to time. You should report errors, if any, in the Statement immediately, but not later than 30 calendar days of receipt thereof, to the member. In case the error is not rectified or there is a dispute, ensure that you refer such matter to the Investors Grievance Cell of NSE/BSE, without delaying In case of a complaint against a member/registered sub-broker, you should address the complaint to the Office as may be specified by NSE/ BSE from time to time. 1.4 in case where a member surrenders his membership, NSE/BSE gives a public notice inviting claims, if any, from investors. In case of a claim, relating to transactions executed on the trading system of NSE/BSE, ensure that you lodge a claim with NSE/BSE/NSCCL/Clearing House within the stipulated period and with the supporting documents. 1.5 in case where a member is expelled from trading membership or declared defaulter, NSE/BSE gives a public notice inviting claims, if any from investors, in case of a claim, relating to transactions executed on the trading system of NSE/BSE, ensure that you lodge a claim With NSE/ BSE within the stipulated period and with the supporting documents. 1.6 Claims against a defaulter/expelled member found to be valid as prescribed in the relevant Rules/Bye -laws and the scheme under the Investors Protection Fund (IPF) may be payable first out of the amount vested in the Committee for Settlement of Claims against Defaulters, on pro-rata basis if the amount is inadeuate. The balance amount of claims, if any, to a maximum amount of Rs. 10 lakhs per investor claim, per defaulter/expelled member may be payable subject to such claims being found payable under the scheme of the IPF. NOTES: 1. The term constituent shall mean and include a client, a customer or an investor, who deals with a trading member of NSE/BSE for the purpose of acuiring and / or selling of securities through the mechanism provided by NSE/BSE. 2. The term member shall mean and include a member or a broker or a stock broker, who has been admitted as such by NSE/BSE and who holds a registration certificate as a stock broker from SEBL 3. NSE/BSE may be substituted with names of the relevant exchanges, wherever applicable. Date : Client (19)

20 MODEL MEMBER-CLIENT AGREEMENT This agreement is made and executed on this day of 20 between Amrapali Capital and Finance Services Limited (member of National Stock Exchange of India Ltd. The Stock Exchange, Mumbai, hereinafter called MEMBER) and having its registered office at , Narayan Chambers, III Floor, B/h. Patang Hotel Ashram Road, Ahmedabad , and a Individual / Company / Trust / Firm or any other body duly formed and registered under the relevant Act, (hereinafter called the CLIENT), having its residence / registered office at. WITNESSTH : Whereas the Member is registered as Trading Member of National Stock Exchange of India Ltd. with SEBI Registration No. INB in Capital Market/Cash Segment and INF in the Futures and Option Segment & The Stock Exchange Mumbai with SEBI Registration No. INB in Capital Market/Cash Segment and INF in the Futures and Option segment. Whereas the CLIENT is desirous of investing / trading in those securities admitted for dealing on the Exchange as defined in the Bye-Laws of the Exchange. Whereas the CLIENT has satisfied itself of the capability of the MEMBER to deal in securities and wishes to execute his orders through him and the CLIENT shall continue to satisfy itself of such capability of the MEMBER before executing orders through him. Whereas the MEMBER has satisfied and shall continuously satisfy himself about the genuineness and financial soundness of the CLIENT and investment objectives relevant to the services to be provided. Whereas the MEMBER has taken steps and 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 on that liability and the capacity in which it acts. In consideration of the mutual understanding as set forth in this agreement, the parties thereto have agreed to the following terms and conditions : 1. The provisions of this agreement shall always be subject to Government notifications, any rules, regulations and guidelines issued by SEBI and Stock Exchange rules, regulations and Byelaws that may be in force from time to time. 2. In the event of death or insolvency of the client or his otherwise becoming incapable of receiving and paying for or delivering or transferring securities which the client has ordered to be bought or sold, MEMBER may close out the transaction of the client and the client or his legal representative shall be liable for any losses, costs and be entitled to any surplus which may result there from. 3. The agreement entered into between the MEMBER and the CLIENT shall stand terminated by mutual consent of the parties by giving at least one month written notice. Such cancellation or termination shall not have any effect on transaction executed before the date of such notice of termination and the parties shall enjoy the same rights and shall have same obligations in respect of such transactions. 4. The instructions issued by an Authorized Representative of the client shall be binding on the client in accordance with the letter authorizing the said representative to deal on behalf of the client. 5. The CLIENT is aware that authentication technologies and strict security measures are reuired for the internet trading through order routed system and undertakes to ensure that the password of the CLIENT and/or his Authorized Representative are not revealed to any third party. (20)