MK COMMODITY BROKERS LTD.

Transcription

1 MK COMMODITY BROKERS LTD. Registered & Correspondence Office : 501, Heritage Plaza, J.P. Road, Opp. Indian Oil Nagar, Andheri (West), Mumbai Tel.: / 8000 Fax : crm@mangalkeshav.com Website : FOR OFFICE USE Form No./Internal Reference No.: INDCOMI Trading Client Code Back Office Client Code Location Group Branch / Associate RM Team Leader Terminal ID TRADING ACCOUNT Individual Client Registration Form Name of the Client Name of the Client as per Income Tax Site Product A (ONLINE) Internet Product B (OFFLINE) Telephonic

2 INDEX Page Sr. Name of the Brief Significance of the Document No. No. Document MANDATORY DOCUMENTS AS PRESCRIBED BY FMC & COMMODITY EXCHANGES 1 KYC 3 KYC form - Document captures the basic information about the constituent (Account Opening and an instruction / check list. application form) 2 Tariff sheet Document detailing the rate / amount of brokerage and the charges levied on the client for trading on the commodities Exchange 8 VOLUNTARY DOCUMENTS AS PROVIDED BY THE MEMBER 3 Intimation of Money This Document is to make the client aware of Anti Money Laundering (AML) Laundering provisions 4 Running Account It is request from client to maintain running account for commodities and 10 Letter funds in order to meet the client's obligation to the Exchange. Electronic Contract It is request from the client to provide electronic contract note in lieu of Note [ECN] Physical contract notes (Appendix A) 11 Declaration SEPARATE BOOKLET (MANDATORY AND VOLUNTARY PORTION) Uniform Risk Document detailling risks associated with dealing in the commodities market. Disclosure Document (RDD) Rights & Obligation Document Stating the Rights & Obligations of member, Authorized Person and of Members, Client for trading on exchange (including additional right & obligations in case Authorized Person of internet /wireless technology based trading). & Clients Do's and Don'ts for Document detailing do's and don'ts for trading on exchange, for the education 20 of the investors. the investors Document stating the voluntary Rights & Obligations of Commodity Broker, Addendum to the Authorised Person and client for smooth trading on Exchanges apart from Rights & Obligations mandatory rights & obligation prescribed by Exchanges/FMC Documents General Instructions : 1. Please fill up the form in Capital letters Client Signature 2. Please affix full signature wherever marked 3. Please affix full signature at all hand written information / blanks / corrections. 4. All the photocopies should be self attested by client and verified with original by Branch Manager / Authorised Person Cash Receipts & Payments are not allowed You are requested to make payments only by cheque / account transfer in the name of MK Commodity Brokers Limited MK Commodity Brokers Ltd. Registration Details : MCX: MCX / TCM / CORP / 700 Date of Reg.: 29/7/2004 / Member Code : NCDEX : NCDX/TCM/CORP/0134 Date of Reg.: 08/08/2006 / Member Code : Registered and Correspondence Office : 501, Heritage Plaza, J.P. Road, Opp. Indian Oil Nagar, Andheri (West), Mumbai Tel.: /8000 Fax: crm@mangalkeshav.com Website : Compliance Officer : Mr. Kunal Padhy /8000 ID : compliance@mangalkeshav.com CEO Name : Mr. S.P. Toshniwal, Tel.: /8000 ID: ceo@mangalkeshav.com For any grievance/dispute please contact the Compliance Officer of MK Commodity Brokers Limited at the registered address of the company or investorgrievances@mangalkeshav.com and Tel.: In case not satisfied with the response, please contact the concerned exchange(s) MCX at grievance@mcxindia.com Tel.: & NCDEX at askus@ ncdex.com Tel.:

3 Receipt of Account Opening Form To, KYC TEAM MK Commodity Brokers Ltd. 501, Heritage Plaza, Opp. Indian Oil Nagar, J P Road, Andheri (W), Mumbai Dear Sirs, Re: Account Opening Form No. This has reference to my/our captioned Account Opening Form which I / we have submitted to you duly filled up along with all the supporting documents. I/We hereby acknowledge the receipt of copy of the Account Opening Form. Thanking you, Yours truly, Name of the client: Client Signature Date: Place:

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5 INSTRUCTIONS/CHECK LIST FOR FILLING KYC FORM A. IMPORTANT POINTS: 1. Self attested copy of PAN card is mandatory for all clients, including Promoters /Partners /Karta/ Trustees and whole time directors and persons authorized to deal in commodity derivatives on behalf of company/firm/others. 2. Copies of all the documents submitted by the applicant should be self-attested and accompanied by originals for verification. In case the original of any document is not produced for verification, then the copies should be properly attested by entities authorized for attesting the documents, as per the below mentioned list. 3. If any proof of identity or address is in a regional language, then translation into English is required. 4. Name & address of the applicant mentioned on the KYC form, should match with the documentary proof submitted. 5. If correspondence & permanent address are different, then proofs for both have to be submitted. 6. Sole proprietor must make the application in his individual name & capacity. 7. For non-residents and foreign nationals, (allowed to trade subject to RBI and FIPB/FEMA guidelines and other applicable statutory approvals), copy of passport/pio Card/OCI Card and overseas address proof is mandatory. 8. For foreign entities, CIN is optional; and in the absence of DIN no. for the directors, their passport copy should be given. 9. In case of Merchant Navy NRI s, Mariner s declaration or certified copy of CDC (Continuous Discharge Certificate) is to be submitted along with other statutory approvals required for investment in commodities. 10. Politically Exposed Persons (PEP) are defined as individuals who are or have been entrusted with prominent public functions in a foreign country, e.g., Heads of States or of Governments, senior politicians, senior Government/judicial/ military officers, senior executives of state owned corporations, important political party officials, etc. B Proof of Identity (POI): - List of documents admissible as Proof of Identity: Unique Identification Number (UID) (Aadhaar)/ Passport/ Voter ID card/ Driving license. PAN card with photograph. Identity card issued by any of the following: Central/State Government and its Departments, Statutory/Regulatory Authorities, Public Sector Undertakings, Scheduled Commercial Banks, Public Financial Institutions, Colleges affiliated to Universities, Professional Bodies such as ICAI, ICWAI, ICSI, Bar Council etc., to their Members; and Credit cards/debit cards issued by Banks. C. Proof of Address (POA): - List of documents admissible as Proof of Address: (Note: Documents having an expiry date should be valid on the date of submission.) 1. Passport/ Voters Identity Card/ Ration Card/ Registered Lease or Sale Agreement of Residence/ Driving License/ Flat Maintenance bill/ Insurance Copy. 2. Utility bills like Telephone Bill (only land line), Electricity bill or Gas bill - Not more than 3 months old. 3. Bank Account Statement/Passbook -- Not more than 3 months old. 4 Proof of address issued by any of the following: Bank Managers of Scheduled Commercial Banks/Scheduled Co-Operative Bank/Multinational Foreign Banks/Gazetted Officer/Notary public/elected representatives to the Legislative Assembly/Parliament/Documents issued by any Govt. or Statutory Authority. 5 Identity card/document with address, issued by any of the following: Central/State Government and its Departments, Statutory/Regulatory Authorities, Public Sector Undertakings, Scheduled Commercial Banks, Public Financial Institutions, Colleges affiliated to Universities and Professional Bodies such as ICAI, ICWAI, ICSI, Bar Council etc., to their Members. 6 The proof of address in the name of the spouse may be accepted. D. Exemptions to PAN (Note: Sufficient documentary evidence in support of such claims to be collected.) 1. Transactions undertaken on behalf of Central Government and/or State Government and by officials appointed by Courts e.g. Official liquidator, Court receiver etc. 2. Investors residing in the State of Sikkim (subject to the continued exemption granted by Government). E. List of people authorized to attest the documents: 1. Notary Public, Gazetted Officer, Manager of a Scheduled Commercial/ Co-operative Bank or Multinational Foreign Banks (Name, Designation & Seal should be affixed on the copy). 2. In case of NRIs, authorized officials of overseas branches of Scheduled Commercial Banks registered in India, Notary Public, Court Magistrate, Judge, Indian Embassy /Consulate General in the country where the client resides are permitted to attest the documents. 2

6 MK COMMODITY BROKERS LTD. KNOW YOUR CLIENT FORM (KYC) Please fill up the form in CAPITAL /BLOCK letters in ENGLISH INDIVIDUAL Affix recent Passport Size Colored Photographs & Please Sign Across the Photograph 1 A. IDENTITY DETAILS Name of Applicant Father s / Spouse Name Gender : Male Residential Status : Female Marital Status: Resident Individual Single Married Date of Birth Non Resident Foreign National (If Non Resident / Foreign National, Self Certified copy of statutory approval obtained must be attached) Nationality: Educational Qualification Income Tax PAN UID / AADHAAR, if available : Any other additional proof of identity: B. ADDRESS DETAILS (Proof of address must be different from the proof of identity submitted). Correspondence Address City/District/Village Tel.(Off.)# Pin Code State Mobile No. Country Tel.(Res.)# Fax :# Address : Specify the proof of address submitted for correspondence address: Permanent Address (if different from above) City/District/Village Tel.(Off.)# Pin Code State Mobile No. Country Tel.(Res.)# Fax :# Address : Specify the proof of address submitted for permanent address, if any: Note : 1) Permanent Address should not start with C/off 2) If Correspondence or Permanent Addresses are different then proofs for both are mandatory 3) # IF you have a landline connection, kindly provide the same. 3

7 C. OTHER DETAILS ANNUAL INCOME RANGE (Please tick against the relevant box) : Below Rs 1 lac Rs 1-5 lacs Rs 5-10 lacs Rs lacs Above Rs 25 lacs OR (dd/mm/yyyy) (Should not be older than 1 year) NET - WORTH Rs As On Yes No Are you Politically Exposed Person (PEP) / Related to a Politically Exposed Person (PEP) OCCUPATION ( Please tick anyone and give brief detail ) Private Sector Farmer Others (Specify) Public Sector Retired Govt. Services Housewife Business Student Professional Any Other Information D. BANK ACCOUNTS DETAILS Name of the Bank Branch Address & Tel. No. Bank Account No. Bank Code (9 digit MICR Code) Account Type (Savings/Current/Others in case of NRI-NRE/NRO/PIS) IFSC Code Note: Provide a copy of cancelled cheque leaf/ pass book/ bank statement specifying name fo the client, MICR Code or / and IFSC Code of the bank. E. DEPOSITORY ACCOUNT(S) DETAILS (If available) Depository Participant Name Depository Name (NSDL/CDSL) Beneficiary Name DP ID Beneficiary ID(BO ID) Note: Provide a copy of either Demat Master or a recent holding statement issued by DP bearing name of the client F. TRADING PREFERENCES Note: Please sign in the relevant boxes against the Exchange with which you wish to trade. The Exchange not chosen should be struck off by the client. Date of Consent for trading Signature of Sr. Name of the National on concerned Exchange Commodity Exchanges the Client No. Multi Commodity Exchange 1. 2 DD MM Y Y Y Y of India Ltd. (MCX) 2. National Commodity & Derivative 3 DD MM Y Y Y Y Exchange Ltd. (NCDEX) Date of opting for the segments is the same as date of signing of the form. G. INVESTMENT/TRADING EXPERIENCE No Prior Experience Years in Commodities Years in other investment related fields 4

8 H. SALES TAX REGISTRATION DETAILS (As applicable, Statewise) (dd/mm/yyyy) Local Sales Tax State Registration No.: Validity Date Name of the State : (dd/mm/yyyy) Central Sales Tax Registration No: Validity Date (dd/mm/yyyy) Other Sales Tax State Registratiion No.: Validity Date Name of the State : I. VAT DETAILS (As applicable, Statewise) (dd/mm/yyyy) Local VAT Registration No.: Validity Date Name of the State : (dd/mm/yyyy) Other VAT Registratiion No.: Validity Date Name of the State : J. PAST REGULATORY ACTIONS Details of any action/ proceedings initiated/prnding/ taken by FMC / SEBI / Stock exchange / commodity exchange / any other authority against the client during the last 3 years: K. DEALINGS THROUGH OTHER MEMBERS If Client is dealing through the Member, provide the following details (in case dealing with multiple Members, provide details of all in a separate sheet containing all the information as mentioned below): Member s /Authorised Person (AP) s Name Exchange Exchange s Registration Number Concerned Member s Name with whom the AP is Registered Registered Office Address City Pin Code State Country Tel. Fax : Website : Details of disputes/dues pending from / to such Member / AP Client Code L. INTRODUCER DETAILS (OPTIONAL) NAME OF THE INTRODUCER FIRST NAME Status of the Introducer MIDDLE NAME Authorized Person Existing Client LAST NAME Others please specify Address of the Introducer City Pin Code State Country Tel. Signature of the Introducer 5

9 M. ADDITIONAL DETAILS Whether you wish to receive communication from Member in electronic form on your -ID [Yes /No] {if yes then please fill in Appendix-A} N. NOMINATION DETAILS q I/We do not wish to nominate any one for this account. OR q I/We nominate the following person Name of Nominee Relationship with the Client Address of the Nominee FIRST NAME LAST NAME MIDDLE NAME PAN of Nomine UID City Pin Code State Country STD Codes) STD Codes) Tel. (with Fax. (with Mobile Date of Birth (dd/mm/yyyy) If Nominee is a minor, details of guardian: Name of the Guardian FIRST NAME MIDDLE NAME LAST NAME Address of the Guardian City Pin Code State Country STD Codes) Tel. (with Date of Birth (dd/mm/yyyy) Fax. ID Age Years Signature of the Guardian WITNESSES ( Only applicable in case the account holder has made nomination) Name Address Signature DECLARATION 1. I/We hereby declare that the details furnished above are true and correct to the best of my/our knowledge and belief and I/we undertake to inform you of any changes therein, immediately. In case any of the above information is found to be false or untrue or misleading or misrepresenting, I am/we are aware that I/we may be held liable for it. 2. I/We confirm having read/been explained and understood the contents of the tariff sheet and all voluntary/non-mandatory documents. 3. I/We further confirm having read and understood the contents of the 'Rights and Obligations' document(s), 'Risk Disclosure Document' and 'Do's and Dont's'. I/We do hereby agree to be bound by such provisions as outlined in these documents. I/We have also been informed that the standard set of documents has been displayed for Information on Member's designated website, if any. Place Date 4 6 Client Signature

10 FOR OFFICE USE ONLY UCC Code allotted to the Client : Documents verified with Originals Name of the Employee / Authorised Person Employee / Authorised Person Code Designation of the employee Date Signature I / We undertake that we have made the client aware of tariff sheet and all the voluntary/non-mandatory documents. I/We have also made the client aware of 'Rights and Obligations' document (s), RDD, 'Do's and Dont's' and Guidance Note. I/We have given/sent him a copy of all the KYC documents. I/We undertake that any change in the tariff sheet and all the voluntary/non-mandatory documents would be duly intimated to the clients. I/We also undertake that any change in the 'Rights and Obligations' and RDD would be made available on my/our website, if any, for the information of the clients. FOR MK Commodity Brokers Ltd. Signature of the Authorised Signatory Seal/Stamp of the Member Date 7

11 BROKERAGE POLICY AND BROKERAGE STRUCTURE Brokerage will be charged to the client at the maximum permissible rate specified by the Commodity Exchange Regulations (Currently 1 % in case of non-delivery transactions and 2 % (plus expenses) in case of transactions resulting into delivery. The Client may be charged brokerage at the concessional rates specified in the Table below ( Concessional Rate ) provided brokerage for the day, calculated at the Concessional Rate is more than Rs.30/(Rupees Thirty Only) in each commodity segment of each Exchange. For Delivery Based Transaction Brokerage Slab Slab % Minimum Price per Commodity Slab % Minimum Price per Commodity Delivery For Derivatives Market For Futures Segment Brokerage Slab st Daily Square up 1 Leg nd Daily Square up 2 Leg st Settlement Square up 1 Leg nd Settlement Square up 2 Leg Note The Statutory Levies like that of Service Tax on Brokerage, Stamp Duty, FMC Turnover Fees, Commodities Transaction Tax, Risk Fee, Exchange Transaction Charges & Service Tax would be levied for all Exchanges and all segments as per the guideline/directives of the Exchange / FMC at prescribed rates prevailing from time to time. 5 AP/RM/BM Signature Client Signature 8

12 Dear Investor!! Subject: Prevention of Money Laundering Money laundering is a process of making dirty money clean. Money is moved around the financial system again and again in such manner that its origin gets hidden. It involves complex chain of activities whereby huge amount of money generated from illegitimate activities like selling of narcotic drugs, extortion, corruption, illicit dealing in weapons, human trafficking, etc. is put through a series of process so that it comes out at the other end as clean and legal money. Terrorist organizations encourage money laundering to support their illegal acts. It is important to note that due to increased vigilance in the wake of threats emanating from increasing terrorism, any failure on our part to discharge the duties cast on us under the applicable laws or we becoming an instrument or a part of the chain, even if unknowingly or ignorantly, may invite trouble. In order to fight against the money laundering and terrorist financing the Prevention of Money Laundering Act (PMLA) was brought into force w.e.f. July 1, 2005 in India. Guidelines were also issued in the context of the recommendations made by the Financial Action Task Force on anti money laundering standards. Compliance with these standards has become imperative for international financial relations. PMLA is applicable to every intermediary registered with Forwards Market Commission (FMC), which includes a commodity broker, Authorized Person and any other intermediary associated with commodities market. As per the provisions of PMLA, the intermediaries are required to comply with Know Your Client (KYC) norms, conduct ongoing client due diligence to ensure that the activity being conducted in any account is consistent with the intermediary's knowledge of the client, its business and risk profile. In light of the above, you are requested to provide the information or documents evidencing source of funds, income tax returns, bank records, demat holding, etc. at the time of registration as a client with us or subsequently whenever asked for during the course of your dealings with us. For further details, kindly visit our website: DECLARATION AND UNDERTAKING 1. I/We confirm having read and understood the contents of the Addendum to the Rights and Obligations document. I/We do hereby agree to be bound by the provisions outlined in these documents. 2. I/We shall not effect any third party transactions. 3. I/We am/are not a Trading Member /Authorized Person affiliated to the main broker of any of the Exchanges. 4. I/We shall do all the trades as my/our own trades as your client and I/We shall not do trades through you acting on behalf of my/our clients/ as Authorized Person or in any other manner. 5. I/We am/are not an employee of another Trading Member of any Exchange. 6. I/We am/are not expelled/suspended member/broker of any recognized CommodityExchange. Place: 6 Date: 9 Client Signature

13 Running Account Letter (VOLUNTARY) To, MK Commodity Brokers Limited (MKCBL) Mumbai Dear Sir, Sub: Maintenance of my/our account on a running account basis. Notwithstanding anything contrary, I/We hereby request you to maintain my/our accounts with you on a running basis. I/We may not be in a position to settle my/our trades within the exchange specified settlement schedule. Hence, I/we request you to open running account with you. In this connection, I/we understand and agree to the following: 1. You can retain the funds with you, received as pay-outs from the exchanges on my/our behalf. The same can be used towards margins for my/our future transactions or outstanding positions, if any. 2. You can retain the Commodities with you, received as pay-outs from the exchanges on my/our behalf. The same can be used towards margins/ collaterals for my/our future transactions or against outstanding positions, if any, 3. In case of any sale transactions done by me/us, you can automatically, deliver the commodities to the exchange towards pay-in, out of my/our commodities if any lying with you, on my/our behalf. 4. In case of any purchase transactions done by me/us, you can automatically, make the funds pay-in to the exchange, out of the credits lying in my/our account, on my/our behalf. 5. In case of any debit balance, in my/our account, you can square of my/our Commodities, held with you by me/us, to the extent of my debit balance, without any notice to me/us. 6. In case I/we require funds or Commodities, I/we will inform you of the same in writing, after which you can make the payments / transfer the Commodities to me/us. 7. I/we will not hold MKCBL responsible for any loss/damage arising out of such transfers and or sale done by MKCBL, on my/our behalf, pursuant to these instructions. 8. No interest will be paid to me/us for maintaining running account with MKCBL, on the credit balance available in my/our account. 9. This running account authorization shall continue to be in force until it is revoked by me/us by giving notice in writing to MKCBL at its office at 501, Heritage Plaza, JP Road, Andheri (west), Mumbai I/ we may revoke this authorization at any time. However, any such revocation shall come in to effect only after such revocation in writing is received by MKCBL at its aforesaid office in Mumbai under proper acknowledgement, to process the revocation and make necessary changes in its records/systems cancelling the authorization. Notwithstanding any such revocation, all actions taken by MKCBL pursuant to this authorization prior to its cancellation as aforesaid shall be fully valid and effective and shall be binding on me/us. 10. You can retain the find upto Rs /- for the purpose of quarterly settlement. I/we understands and agrees to the above. Thanking you, Yours faithfully, 7 Client Signature Name the Client Place: Date: 10

14 Appendix A Electronic Contract Note [ECN] DECLARATION (VOLUNTARY) To, MK Commodity Brokers Limited Member MCX (Regn No , FMC Code: MCX/TCM/CORP/0700); Member NCDEX (Regn. No , FMC Code: NCDEX/TCM/CORP/0134) Dear Sir, I, a client with Member M/s. of Exchange undertake as follows: I am aware that the Member has to provide physical contract note in respect of all the trades placed by me unless I myself want the same in the electronic form. I am aware that the Member has to provide electronic contract note for my convenience on my request only. Though the Member is required to deliver physical contract note, I find that it is inconvenient for me to receive physical contract notes. Therefore, I am voluntarily requesting for delivery of electronic contract note pertaining to all the trades carried out / ordered by me. I have access to a computer and am a regular internet user, having sufficient knowledge of handling the operations. My id is. This has been created by me and not by someone else. I am aware that this declaration form should be in English or in any other Indian language known to me. [The above declaration has been read and understood by me. I am aware of the risk involved in dispensing with the physical contract note, and do hereby take full responsibility for the same] (The above lines must be reproduced in own handwriting of the client.) Client Name: Unique Client Code : PAN: Address : 8 Client Signature Signature of the client Date : Place: Verification of the client signature done by, Name of the designated officer of the Member Signature Date : Instructions: This declaration form has to be sent by the Member to the client on the id provided by client while opening the trading account. The client shall, on receipt of this , print the as well as the declaration form. The hard copy of the declaration shall be filled up by the client and submitted to the Member along with a signed hard copy of the . The Member shall acknowledge the receipt of the declaration from the client. The size of the font of this declaration must be at least

15 Acknowledgment I/We hereby acknowledge the receipt of the below mentioned documents. 1. Risk Disclosure Document (RDD) (Page 12 to 14 ) Document detailing risk associated with dealing in the Securities Market. 2. Rights and Obligations document (Page 15 to 19 ) Document stating the Rights and Obligations of Stock Broker/trading Member, sub-broker and client for trading on exchanges (including additional rights & obligations in case of internet/wireless technology based trading). 3. Guidance Note (Page 20 ) Document detailing do's and dont's for trading on exchange, for the education of the investors. 4. Addendum to the Rights & Obligations Documents (Page 22 to 36 ) Document stating the Rights and Obligations of Depository Participant and client for availing DP services. Name of Sole/First Holder Name of Second Holder Name of Third Holder Second Holder Third Holder 9 First Holder

16 Services Offered Equities Derivatives Currency Derivatives Commodities Online Trading Depository Services Mutual Funds / IPOs Equity, Derivatives Trading and Currency Derivatives, Depository, Internet Trading, through Mangal Keshav Securities Limited Member BSE (Cash & Derivatives): SEBI Regn. No. INB & INF ; Member NSE (Cash & Derivatives): SEBI Regn. No. INB & INF and INE ; Member NSDL : SEBI Regn. No. IN-DP-NSDL Member CDSL : SEBI Regn. No. IN-DP-CSDL Commodity Broking through MK Commodity Brokers Ltd Member MCX (Regn No , FMC Code: MCX/TCM/CORP/0700); Member NCDEX (Regn. No , FMC Code: NCDEX/TCM/CORP/0134) IPO's and Mutual Funds through Mangal Keshav Distributions Ltd : ARN No