Dated : SUB : AUTHORITY TO RETAIN FUNDS/SECURITIES TOWARDS MARGIN IN CASH SEGMENT, F&O SEGMENT AND ANY OTHER SEGMENT I/We, am/are, registered with you as a Client for execution of trades from time to time in cash/capital and/or F&O Segment of Bombay Stock Exchange Limited (BSE) and/or National Stock Exchange of India Ltd., (NSE) (hereinafter called as the Stock Exchanges ). For the purpose of operational convenience, I/we hereby give my/our consent to maintain my/our account both for the funds and securities, on running account basis. I/We understand that consequent to your execution of my/our secondary market trades, I/we have either to pay/receive funds and/or securities depending upon my/our securities transactions. In the event I/we have to receive funds/securities from you on declaration of pay-out of funds or securities by the Stock Exchanges, I/we hereby authorize you to retain the funds and/or securities, as the case may be, with you as margin towards my/our ongoing secondary market transactions from time to time in Cash/Capital Market and/or F&O Segments of any of the Stock Exchanges. Further, I/we authorize you to deposit any and all the securities kept as collateral by me/us, from time to time, with Bombay Stock Exchange Limited and/or National Stock Exchange of India Limited and/or BOI Shareholding Limited and/or National Securities Clearing Corporation Limited and/or India Clearing Corporation Limited towards Margin. Kindly further note that though I/we am/are entitled to revoke this authorization at any time however, such termination shall be subject to a notice period of fifteen days from the date of physical delivery of revocation letter at your registered office to enable you to make necessary changes to handle my/our account without running account authorization. I/We authorize you to actually settle my/our account with you once in a calendar month/once in a calendar quarter.
Dated : Dear Sir, SUB : E-MAIL ID REGULARISATION I/We have been receiving from VCK Share & Stock Broking Services Limited (VCKSSB) ledgers, transaction statement(s), demat statement(s), holding statement(s)/bills or other statement(s), related notices, circulars, amendments and such other correspondences, documents, records to my/our e-mail Id @. I/We hereby confirm that this is my/our default e-mail Id for the purpose of receiving all the above documents or any other correspondence. I/We hereby confirm that I/we have been using this e-mail Id in the past to receive the above documents and have no objection to continue and authorize VCKSSB to consider this as my/our valid e- mail Id.
Dated: Dear Sir, I/We request you to update below mentioned Financial and other details in my/our Account with VCK Share & Stock Broking Services Limited Trading Account No. : Additional Financial Details Annual Income Range < Rs. 1 lac Rs. 1 5 lacs Rs. 5 10 lacs Rs. 10 15 lacs Rs. 15 25 lacs > Rs. 25 lacs (Please specify) Documentary evidence of financial details to be provided by the Client who wishes to trade in Derivatives Segment (please provide any one of the following documentary evidence) : 1. Copy of ITR Acknowledgement 2. Copy of Annual Accounts 3. Copy of Form 16 in case of Salary Income 4. Net worth Certificate 5. Salary Slip 6. Bank Account Statement for last 6 months 7. Copy of Demat Account Holding Statement 8. Any other relevant documents substantiating ownership of assets 9. Self Declaration along with the relevant supporting Details of Regulatory Actions against Client: Details of any action taken by SEBI/Stock Exchange/any other authority for violation of other securities law/other economic offences specifically indicating any action taken during the previous three years. Trading Preference: A. Stock Exchanges/Market Segments on which I wish to trade : NATIONAL STOCK EXCHANGE CASH SEGMENT FUTURE & OPTION SEGMENT BOMBAY STOCK EXCHANGE CASH SEGMENT MCX-SX CURRENCY DERIVATIVES
Dated: Dear Sir, I/We request you to transfer an amount of Rs. (Rupees ) from my Trading Account being Client Code No. to my Margin Account maintained with you and the said amount will form part of my Margin Account unless otherwise instructed by me/us to transfer the same to my Trading Account. The aforesaid exercise will provide me/us with necessary exposure as and when required.
Dated : VERBAL ORDER ACCEPTANCE AUTHORIZATION I/We have been/shall be dealing through you as my/our Broker on the Capital Market, Mutual Fund and/or Futures & Options Segments/Currency Derivatives Segments. As my/our Broker i.e. Agent, I/we direct and authorize you to carry out trading/dealings on my/our behalf as per instructions given below : I/We agree and acknowledge that it is advised and preferred by you that I/we give instructions for order placement/modification and cancellation in writing and to avoid disputes, I/we must give instructions in exactly the format given below in duplicate (carbon copy/photocopy) and take signatures of atleast two Authorized Officers at the Branch along with your Company Stamp on the carbon/photocopy of the instructions in acknowledgement of receipt of my/our instructions. However as I/we shall be dealing by ordering over phone and even if we visit the branch, the fluctuation in market are so rapid that it is not practical to give written instructions for order placement/modification and cancellation. I/We hereby authorize you to accept my/our authorized representative s verbal instructions for order placement/modification and cancellation in person or over phone (fixed line or mobile phone) and execute the same. I/We understand the risk associated with verbal orders and accept the same and agree that I/we shall not be entitled to disown orders and consequent trades (if any) under the plea that same were not under mine/our instructions. I/We agree that I/we will not have the right to shift the burden of proof by asking you to prove the placement of orders through telephone recording or otherwise. I/We shall be liable for all losses, damages and actions which may arise as a consequence of your adhering to and carrying out my/our directions given above. Please execute the following order in my account : Sl. Exchange No. Segment (Equities/ F&O/Currency Derivatives Scrip Name/ Scrip Code Contract Description FORMAT FOR WRITTEN ORDERS Order Type (Regular /Stop Loss Buy/ Sell Quantity Rate Disclosed Quantity (if any) Trigger Price (if SL order) Remarks Client Name :. Order Instruction Date & Time :. Client Code : Signature :..
POLICIES AND PROCEDURES [Refer Paragraph 8 of SEBI Circular No. MIRSD/SE/CIR-19/2009 dated December 03, 2009] [A] [B] [C] REFUSAL OF ORDERS, PENNY STOCKS ETC. The Stock Broker may at his discretion refuse to execute any buy or sell on behalf of the Client including, but, not restricted to dealings in penny stocks, illiquid stocks, infrequently traded stocks/contract etc., if the Stock Broker is of the view that such execution would adversely affect market integrity or give rise to regulatory/disciplinary actions/concerns. The penny stock would mean any stock trading at a price less than Rs. 10/- or at a price less than the face value or any other stock specified by the Regulatory Body/Stock Exchange as such or which are appearing in the list of illiquid securities issued by the Exchanges every month. In general terms, is a low priced, speculative security or a very small Company, regardless of market capitalization. SETTING UP CLIENT S EXPOSURE LIMITED The Stock Broker may at his/its discretion permit/allow such exposure limit for trading by Client as he/it deems fit. Such exposure limit may operate specific to a security or contract and/or on an aggregate basis whether on the buy or the sell side, based on the Stock Broker s assessment of the associated risks having due regard to all relevant factors. Further, the Stock Broker may modify, change or alter such limit or the conditions attached thereto from time to time as may be deemed fit. BROKERAGE RATES The Brokerage rates to be charged for trades executed by the Client shall mutually be decide between the Stock Broker and the Client from time to time however, the same shall not exceed the following : (a) For Cash Market Segment/Futures : 2.5% of the contract price exclusive of statutory levies, however, where the sale/purchase value of a share is Rs. 10/- or less, a maximum brokerage of 25 paise per share may be collected. (b) For Option Contracts : 2.5% of the premium amount or Rs. 100/-, whichever is higher. [D] [E] [F] IMPOSITION OF PENALTY/DELAYED PAYMENT CHARGES The Client shall pay the Stock Broker brokerage, commission, fees, account opening/maintenance charges, charges for availing research reports, charges for availing special facility for mobile broking/sms facility or any other charges, penalties levied by the Exchanges for Client limit violation, charges for dishonor of Cheque(s) given by the Client, statutory levies, service tax and other taxes and trade/transaction expenses including inter alia depository charges, settlement charges etc., as are applicable from time to time. If the Client fails to make payment of the amount due within the time frame specified by the Bye-laws, Rules and Regulations of the Exchange(s) and/or as per the policy of the Stock Broker, the Stock Broker shall be entitled to levy such charges by way of penalty or delayed payment charges not exceeding 18% per annum on amount due as the Stock Broker may deem fit and to directly debit the same to the Client Account. The Client authorizes the Stock Broker to set off a part or whole of the collateral/ledger balances i.e. by way of appropriation of the relevant amount of cash or by way of sales or transfer of all or some of the securities, without notice, or invoke the pledged shares placed as margin/collateral with the Stock Broker and/or any credit in any account of the Client in any of the segment of the Stock Exchange against the outstanding/dues, to the extent of settlement/margin obligation, in the account of the Client for any segment of the Stock Exchanges. The adjustment, so done, shall be by way of passing necessary journal entries. Further, the Stock Broker agrees to pay penalty charges not exceeding 18% per annum on amount due to the Client if the same is not refunded to the Client in time after receipt of pay-out request from the Client. THE RIGHT TO SELL CLIENT S SECURITIES OR TO CLOSE CLIENT S POSITIONS WITHOUT NOTICE TO CLIENT If a Client fails to make payment of consideration to the Stock Broker in respect of any one or more securities purchased by him before the pay-in date notified by the Exchange from time to time, the Stock Broker shall be at liberty to sell/liquidate the securities received in pay-out, as per the policy of the Stock Broker, after taking into account any amount lying to the credit of the Client. The loss, if any on account of liquidation shall be to the account of the Client. Without prejudice to the Stock Broker s other rights the Stock Broker shall be entitled to liquidate/close out all or any of the Client s positions, without giving notice to the Client, for non-payment of margins or other amounts outstanding debts etc. Any and all losses and financial charges on account of such liquidation/closing out shall be charged to and borne by the Client. SHORTAGES IN OBLIGATIONS ARISING OUT OF INTERNAL NETTING OF TRADES
If the Client fails to deliver any one or more securities to the pool account of the Stock Broker in respect of the securities sold by him which turns out to be an internal position, before the pay-in date notified by the Exchange from time to time, such undischarged obligation in relation to delivering, any one or more securities shall be purchased on his behalf by the Stock Broker. However, in case for any reason, whatsoever, the Stock Broker is unable to buy such quantity the outstanding obligation of the Client shall be subject to close out procedures as defined by the Exchange from time to time. The loss, if any, on account of the close out shall be to the account of the Client. [G] [H] [I] CONDITIONS UNDER WHICH CLIENT MAY NOT BE ALLOWED TO TAKE FURTHER POSITION OR THE STOCK BROKER MAY CLOSE THE EXISTING POSITION OF THE CLIENT. The Stock Broker may at any time at his/its discretion disallow the Client from creating further/fresh position in any Segment on any Exchange or close out any existing position of the Client based on the risk assessment or if so directed by any Government/Regulatory Stock Exchange Authority. TEMPORARY SUSPENSION / CLOSURE OF A CLIENT S ACCOUNT The Stock Broker shall if so required in writing by the Client temporarily suspend/disable trading in the Client s account unless so required for the purpose of closing of transactions referred to (E) and (G) above and maintain such suspension/disablement till such time the Client makes a specific request in that regard. DEREGISTRATION OF A CLIENT The Stock Broker may at any time, as it considers necessary in its sole discretion and shall be entitled, at his/its absolute discretion not to, allow the Client to trade, unless such Client provides margins to the extent as may be specified by the Stock Broker considering the risk factor. The Stock Broker shall be entitled to suspend or terminate this agreement without prior notice if : 1. The Client has breached this Agreement; 2. Upon the death, winding up, bankruptcy, liquidation or legal capaciation of the Client or is designated as a defaulter by any credit rating agency or any action or proceedings have been initiated by the relevant Regulator/Authority including without limitation SEBI; 3. The Client fails to maintain the Bank Account and/or the Securities Account (or any replacement thereof); 4. The Client has misrepresented facts at the time of entering into this Agreement or at the time of giving instructions or otherwise; 5. Any proceedings or investigations that involve the Client or his/her/its properties have been initiated or is ongoing; 6. The Client fails to fulfill his/her/its payment obligations under this Agreement or otherwise due to the Stock Broker; 7. The Client has violated the Applicable Law particularly the Securities Law and Bye-laws, Rules and Regulations of the respective Stock Exchanges on which the Client trades; 8. If the Client migrates to a jurisdiction which prohibits trading in Indian Securities or otherwise, subjects the Stock Broker or any of its employees to any licensing or registration requirements. Upon termination of this Agreement, all other Agreements, Annexures and Writings supplementary to this Agreement entered into and between the parties shall stand terminated. The parties to this Agreement shall be entitled to terminate this Agreement or any part thereof without giving any reasons to the other party, after giving notice in writing of not less than one month to the other party. 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/her/its respective heirs, executors, administrators, legal representative or successors, as the case may be. Client s Signature