Agreement-Sub Broker-Pink-11 point size - Sajag online · TRADING MEMBER NATIONAL STOCK EXCHANGE OF INDIA LTD. & BOMBAY STOCK EXCHANGE LTD. Regent Chambers, 33/15-B, Karve Road,

To,

SAJAG SECURITIES PVT. LTD. TRADING MEMBER NATIONAL STOCK EXCHANGE OF INDIA LTD. & BOMBAY STOCK EXCHANGE LTD.

Regent Chambers, 33/15-B, Karve Road, Opp. Garware College, Pune 411 004.

Tel : 91-20-66014737 / 25302400 Fax : 91-20-25302555

E-mail : [email protected] Website : http://www.sajagonline.com

SEBI Regn. No. : NSE INB230754937 BSE INB010754936

Membership clg No. : NSE Cash 07549 BSE Cash 3105

INDEX

MANDATORY DOCUMENTS

S. Documents Brief Significance Page No. of Signatures

NO. No. Full Sign (S)

1. Clients Personal Profile Form for providing Client Details 3-6 5

to member

2. Agreement between Stock Broker, Agreement between Stock Broker, Sub Broker 7-10 9

Sub Broker and Client (NSE-CASH) and Client for trading in NSE

3. Agreement between Stock Broker Agreement between Stock Broker and Client 11-14 9

Sub Broker and Client (BSE-CASH) and Client for trading in BSE

4. Combined Risk Disclosure Document Documents informing the client of the 15-17 3

for Capital Market / Cash Segment risk associated in dealings in equity,

equity derivatives and currency derivatives

segment

5. Annexure 1 - Investor’s Rights and Annexure to RDD stating various rights and 18-19 2

Obligations obligations of investors

6. Policies And Procedures for Client Information for clients on various policies and 19-20 2

Dealings on All Exchanges (mandatory) procedures followed by Member while dealing

with clients

VOLUNTARY DOCUMENTS

1. Consent for Consolidated Contract Note Letter for 21 1

and Transferring Funds & Securities

against obligation between NSE (CM NSE & BSE

Segment) and BSE (CM Segment)

2. Request for Holding Credit Balance in Letter for 22 1

my Trading Account

3. Letter for Electronic Contract Note 23 1

4. Acknowledgement of Receipt of Client Confirmation for receipt of copy of Account 24 1

Registration Application Document opening application form

Consolidated Contract Note

and Transfer Funds & Securities between

Holding Credit Balance

Letter for ECN

1

2

To,

SAJAG SECURITIES PVT. LTD. TRADING MEMBER NATIONAL STOCK EXCHANGE OF INDIA LTD. & BOMBAY STOCK EXCHANGE LTD.

Regent Chambers, 33/15-B, Karve Road, Opp. Garware College, Pune 411 004.

Tel : 91-20-66014737 / 25302400 Fax : 91-20-25302555

E-mail : [email protected] Website : http://www.sajagonline.com

SEBI Regn. No. : NSE INB230754937 BSE INB010754936

Membership clg No. : NSE Cash 07549 BSE Cash 3105

Paste Recent

Photograph

(Do not Staple)

CLIENT'S PERSONAL PROFILE Signature Across Photograph

I/We request you to register me/us as your client and enable me/us to trade in the Cash segment of NSE and BSE pursuant to the agreement entered into with you. The following information is being provided by the undersigned for the purpose of opening an account at Sajag Securities Pvt. Ltd. For trading in cash segment. I/We will promptly notify you in writing of any material changes in this application or in Annexures to this application. (This information is the sole property of the trading member/brokerage house and would not be disclosed to anyone unless required by law or in case of express permission of clients)

Unique Client Code (To be filled by Sajag) Category of Client Individual / HUF / Sole Proprietorship

Surname Name Middle Name

Name

Father’s / Husband’s Name

Date of Birth (dd/mm/yyyy)

Marital Status

PAN No.

Residential Status Indian / NRI / Others __________________________

Permanent Address(with nearest landmark)

City :

State :

Address for Correspondence(with nearest landmark)

E-mail Address

Bank Details of the Client (In order of Preferance)

Sex Male / Female

Nationality

Pin Code :

Country :

City :

State :

Pin Code :

Country :

Contact Nos. Tel. Resi. (Code : ) Moblie :

Bank Name & Branch

Depository

RTGS/NEFT/IFSC No.

Address & Tel. No.A/c Type

Account Number MICR No. First / Joint holder

Mode of operation : Single Either or Survivor

Depository Participants Details of the client (in order of presence)

DP Name &Address DP ID

BeneficiaryA/c No. First / Joint holder

3

4

Occupation

Pin Code : State : Country :

Tel. No. (Office) :

Employed / Business / Professional / Housewife / Retired / Other (specify)________________

Pin Code : State : Country :

Tel. No. (Office) :

Below Rs. 1,00,000 Rs. 1,00,000 to Rs. 5,00,000Financial Details of the Constituent Income Range (per annum)

Rs. 5,00,000 to Rs. 10,00,000 Rs. 10,00,000 to Rs. 25,00,000

Above Rs. 25,00,000/-

Investment Trading Experience No Experience / _______ Years in stocks / _______ years in other investment fields

Stock Exchanges on which you wish to trade. 1) NSE 2) BSE

Trading Preferences

If, Registered with any other Broker (If registered with multiple members, provide details of all)

Name of the Broker Name of the Exchange Client Code No.

Details of any action taken by SEBI of Stock Exchange / any other authority for violation of security laws / other economic offences.

I hereby declare that the details furnished above are true & 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 misrepresentating, I am aware that I may be held liable for that.

Place : _____________________ Signature of the ClientDate : ______________________

DETAILS OF IN-PERSON VERIFICATION

Name and Address of the official who has done in-person verification

Identity proof of the official

Designation of the official

Place : _____________________

Date : ______________________

YES / NO

If YES please specify :

If employed, thenName, Office Address &Tel. Nos. of the companyemployed with

If self employed/Business/Professional/others, thenName, Office Address & Tel.Nos. of the estabilishment

Signature of the Official _____________________

Account Settlement Once a Month Once a Quarter

(Please tick the relevant boxes)

(Please tick the relevant boxes)

5

Surname Name Middle Name

FOR OFFICE USE ONLY

Signature of the Intruducer _____________________

Introducers relationship withTrading Member (Broker)

Name & Designation of the employee / Authorised Person* who interviewed the client

Name :

Designation :

Signature of the employee/

Authorised Person ____________________

Date of Commencement of Dealing :

Traders Name :

Signature of Director/

Authorised Person of SAJAG _____________

DOCUMENTS REQUIRED : 1) One Photograph duly signed 2) Proof of Demat Account 3) Proof of Bank Account

4) Proof of Identity (any one) : PAN Card / Driving Licence / Voter’s Card / Passport

5) Proof of Address (any one) : Driving Licence / Voters Card / Passport / Ration Card / Bank Passbook / Insurance Policy /

Electricity Bill / Telephone Bill / Flat Maintenance Bill / Rent Agreement

* Authorised Person is that who registered with NSEIL

Name and Address of the Introducer (if any)

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6

AGREEMENT BETWEEN STOCK BROKER, SUB-BROKER AND CLIENT (NSE-CASH)

This agreement is made and executed at ............................................... this ....................... day of

........................................., 20 ............. between:

M/s.Sajag Securities Private Limited (hereinafter referred to as “the stock broker”), a body corporate, incorporated

under the provisions of the Companies Act, 1956, and having its registered office at Regent Chambers, 33/15-B, Karve

Road, Pune 411 004, which expression shall, unless repugnant to the context or meaning thereof, be deemed to and

include itself in the capacity of a trading member, its successors, as the case may be, of the One Part;

AND

Mr./Ms/M/s...................................................................................................................................... (hereinafter

referred to as “the subbroker”), an individual/a sole proprietary / HUF concern having his/her/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

survivors of them and their respective heirs, executors, administrators and legal representatives/its successors, as the

case may be, of the Second Part;

AND

Mr./Ms/M/s..................................................................................................................................... (hereinafter

referred to as “the client”), an individual/a sole proprietary / HUF concern having his/her/its residence/office at

........................................................................................................................................................ which




case may be, of the Third Part;

WHEREAS

1. The stock broker states that is engaged, in the business of stock broking and is a Member of the National Stock Exchange of India Ltd. (hereinafter referred to as “the stock exchange”) with the SEBI Registration Number INB230754937.

2. The sub broker state that :

a) The sub broker is recognized by National Stock Exchange of India Ltd. as a sub-broker of the stock exchange with the 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 adequate office space, equipment 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 to dealings on the Exchange as defined in the Rules, Bylaws 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 stockbroker has satisfied an shall continuously satisfy itself about the genuineness and financial soundness of the client and investment objectives relevant to the services to be provided; 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.

Annexure 2

7

NOW THIS AGREEMENT WITNESSETH AND IT IS HEREBY statutory levies as are prevailing from time to time and as they apply

AGREED BY AND BETWEEN STOCK BROKER, SUB-BROKER to the Client’s account, transactions and to the services that stock

AND CLIENT AS UNDER : broker / the sub-broker renders to the Client. The stockbroker agrees

that it shall not charge brokerage more than the maximum brokerage 1. The stock broker and sub broker hereby acknowledge and permissible as per the rule, regulations and byelaws of the relevant confirm that the sub-broker is affiliated to the stock broker stock exchange/SEBI.and that the sub-broker shall and within the scope of the

authority given under these presents, be entitled to act as a 5. The stockbroker & the sub broker agree that they shall co-operate &

‘sub-broker’ within the meaning and subject to SEBI (Stock help each other in redressing grievances of the client in respect of

Brokers and Sub-Brokers) Rules, 1992 and SEBI (Stock transactions routed through them in removing objections for bad

Brokers and Sub-Brokers) Regulations 1992 (hereinafter delivery of shares, rectification of bad delivery, etc. in respect of

referred to as the said “Rules” and “Regulations” shares & securities delivered/to be delivered or received/to be

respectively) as amended from time to time, for assisting the received by the clients of sub broker from the member & vice-versa.

client in buying, selling or dealing in securities through the 6. The stockbroker shall continue to be responsible for replacing bad stock broker. deliveries of the client in accordance with applicable “Good & bad

2. The stock broker, the sub-broker and the client agree that they deliver norms” even after termination of the agreement and shall be

shall abide by all the statutory responsibilities and obligations entitled to recover any loss incurred by him in such connection from

imposed on them by the rules, regulations and/or any other the client.

rules or regulations applicable to the stock brokers, the sub- 7. The stockbroker agrees that the money/securities deposited by the brokers and the clients in general either framed by SEBI or by client shall be kept in a separate account, distinct from his/its own the relevant stock exchange/clearing corporation and/or any account or account of any other client and shall not be used by the Government Circulars. stock broker for himself/itself or for any other client or for any

3. The stock broker and the sub broker declare that they have purpose other than the purposes mentioned in SEBI Rules and

brought the contents of the risk disclosure document to the Regulations circulars/guidelines/Exchanges Rules/ Regulations/

notice of client and made him aware of the significance of the Bye-laws and circulars.

said document. The client agrees that: 8. The stock broker and the sub-broker agree that each of them shall

a. He has read and understood the risks involved in trading on ensure due protection to the client regarding client’s rights to

a stock exchange. dividends, rights or bonus shares, etc. in respect of transactions

routed through them and they shall not jointly or severally do anything b. He shall be wholly responsible for all his investment which is likely to harm the interest of the client with whom and for decisions and trades.whom they may have had transactions in securities.c. The failure of the client to understand the risk involved shall

9. The stock broker agrees to inform the sub-broker/client and keep not render a contract as void or voidable and the client shall them apprised about trading/settlement cycles, delivery/payment be and shall continue to be responsible for all the risks and schedules, any changes therein from time to time, and it shall be the consequences for entering into trades in the segments in responsibility in turn of the sub-broker/client to comply with such which the client chose to trade.schedules/procedures of the relevant stock exchange.d. He is liable to pay applicable initial margins, withholding

10.The sub broker will provide assistance to stockbroker and client to margins, special margins or such other margins as are reconcile their accounts at the end of each quarter with reference to considered necessary by the stock broker or the Exchange all the settlements where payouts have been declared during the or as may be directed by SEBI from time to time as quarter.applicable to the segment(s) in which the client trades. The

Stock broker is permitted in its sole and absolute discretion 11.The stockbroker shall issue, individually for each client of his sub

to collect additional margins (even though not required by broker, contract notes in the format prescribed by the relevant stock

the Exchange, Clearing House/Clearing Corporation or exchange. The sub-broker shall render necessary assistance to his

SEBI) and the client shall be obliged to pay such margins client in obtaining the contract note from the stockbroker.

within the stipulated time. 12.The stockbroker, the sub-broker and the client agree to abide by any

e. Payment of margins by the client does not necessarily award passed by the Ombudsman under the SEBI (Ombudsman)

imply complete satisfaction of all dues. In spite of Regulations, 2003.

consistently having paid margins, the client may, on the 13.The client and the stockbroker agree to refer any claims and/or closing of its trade, be obliged to pay (or entitles to receive) disputes to arbitration as per the Rules, Byelaws and Regulations of such further sums as the contract may dictate/require. the Exchange and circulars issued there under as may be in force

4. The Client agrees to pay to the stockbroker brokerage and from time to time.

8

14.The stock broker and the sub-broker hereby agree that they (ii) upon the demise/insolvency of the sub-broker or the cancellation will assist and cooperate with each other in ensuring faster of his/its registration with the Board or/withdrawal of recognition settlement of any arbitration proceedings arising out of the of the sub-broker by the stock exchange. Provided however, in transactions entered into between them vis-a-vis the client such an event, the client shall be informed of such termination and they shall be jointly or severally liable to implement the and the client shall be deemed to be the direct client of the stock arbitration awards made in such proceedings. In case of an broker and all clauses in the agreement governing the client and award against a sub broker, if the sub broker fails to stock broker shall continue to be in force as it is, unless the client implement the award, the stockbroker shall be liable to intimate to the stock broker or the stock broker intimates to the implement the same and would be entitled to recover the client his/its intention to terminate the agreement by giving one same from the sub broker. month notice in writing.

15.The stockbroker and the sub-broker hereby agree that all 20.The provisions of this agreement shall always by subject to transactions in securities on behalf of the clients of the sub- Government notifications, any rules, regulations, guidelines and broker shall be settled by delivery and/or payment, between

circulars issued by SEBI and Rules, Regulations and Bye laws of the the stock broker and the client in accordance with the

relevant stock exchange that may be in force from time to time.previous or rules, bye-laws and regulations of the relevant

21.In the event of death or insolvency of the client or his/its otherwise stock exchange on which the transactions took place and becoming incapable of receiving and paying for or delivering or subject to the procedures for settlement of transactions laid transferring securities which the client has ordered to be bought or down by the relevant stock exchange from time to time.sold, stock broker may close out the transaction of the client and 16.Information about default in payment/delivery and related claim losses, if any, against the estate of the client. The client or his aspects by a client, including that of a sub broker as a client successors, heirs and assigns shall be entitled to any surplus, which shall be brought to the notice of the relevant stock may result there from.Exchange(s) by the stockbroker. In case where defaulting sub

22.Without prejudice to the stock broker’s other rights (including the broker/client is corporate entity/partnership/proprietary firm right to refer a matter to arbitration), the stock broker shall be entitled or any other artificial legal entity, then the name(s) of to liquidate/close out all or any of the client’s positions for non-director(s)/ promoters/ Partner(s)/proprietors as the case

may be, shall also be communicated to the relevant stock payment of margins or other amounts, outstanding debts, etc. and exchange(s) by the stockbroker. adjust the proceeds of such liquidation/close out, if any, against the

client’s liabilities/obligations. Any and all losses and financial 17.The stockbroker, the sub-broker or the client shall be entitled charges on account of such liquidation/closing-out shall be charged to terminate this agreement without giving any reasons to the

other party, after giving notice in writing of not less than one to and borne by the client.month to the other parties at their respective addresses 23.The stock broker and the client declare and agree that the mentioned below. Notwithstanding any such termination, all transactions executed on the Exchange are subject to Rules, Byelaws rights, liabilities and obligations of the parties arising out of or and Regulations and circulars issued there under of the Exchange in respect of transactions entered into prior to the termination and all parties to such trade shall have submitted to the jurisdiction of of this agreement shall continue to subsist and vest in/be such court as may be specified by the Byelaws and Regulations of binding on the respective parties or his/its respective heirs, the Exchange for the purpose of giving effect to the provisions of the executors, administrators, legal representatives or Rules, Byelaws and Regulations of the Exchange and the circulars successors, as the case may be.

issued there under.18.In the event of sub broker terminating the agreement and/or

24.Where the Exchange cancels trade(s) suo moto all such trades termination of the agreement with the sub broker by the stock

including the trade/s done on behalf of the client shall ipso facto stand broker, for any reason whatsoever, the client shall be

cancelled, member shall be entitled to cancel the respective informed of such termination and the client shall be deemed

contract(s) with client(s)to be the direct client of the stock broker and all clauses in the

25.The instructions issued by an authorized representative, if any, of the agreement governing the client and stock broker shall client shall be binding on the client in accordance with the letter continue to be in force as it is, unless the client intimates of authorizing the said representative to deal on behalf of the said client.the stock broker his/its intention to terminate the agreement

26.The client agrees to immediately notify the stock broker/sub broker in by giving a notice in writing of not less than one month.writing if there is any change in the information in the ‘client 19.This agreement shall forthwith terminate;registration form’ provided by the client to the stock broker/sub (i) if the stock broker for any reason ceases to be a member broker at the time of opening of the account or at any time thereafter.of the stock exchange including cessation of membership

27.The client agrees to abide by the exposure limits, if any, set by the by reason of the stockbroker’s default, death, resignation stockbroker or by the Exchange or Clearing Corporation or SEBI from or expulsion or if the certificate issued by the Board is

cancelled; time to time.

9

28.In addition to the specific rights set out in this Agreement, the or decree or award is passed against him or if any litigation which

stockbroker, the sub-broker and the client shall be entitled to may have material bearing on his capacity has been filed against him.

exercise any other rights which the stock broker, sub broker 31.Words and expressions which are used in this Agreement, but which or the client may have under the Rules, Bye-laws and are not defined herein shall, unless the context otherwise requires, Regulations of the Exchange and circulars issued there under have the same meaning as assigned thereto in the Rules, Byelaws or Rules and Regulations of SEBI. and Regulations of the Exchange and circulars issued there under.

29.The stockbroker and the sub-broker hereby undertake to This agreement can be altered, amended and /or modified by the parties maintain the details of the client as mentioned in the client mutually in writing without derogating from the contents of this registration form or any other information pertaining to the Agreement. Provided however, if the rights and obligations of the parties client in confidence and that they shall not disclose the same hereto are altered by virtue of change in Rules and regulations of SEBI or to any person/authority except as required under any Bye-laws, Rules and Regulations of the relevant stock Exchange, such law/regulatory requirements : Provided however that the changes shall be deemed to have been incorporated herein in stock broker or sub-broker may so disclose information modification of the rights and obligations of the parties mentioned in this about his client to any person or authority with the express agreement.permission of the client.

IN WITNESS WHEREOF, the parties hereto have set their hands and 30.The client agrees to immediately furnish information to the signatures on the day, month and year first above written Signed for and

stockbroker in writing, if any winding up petition or insolvency on behalf of the member, the sub-broker and the clientpetition has been filed or any winding up or insolvency order

Stock Broker’s Signature : Witness :

Signature :

Sajag Securities Pvt. Ltd. Name : SAJAG SECURITIES PVT. LTD.

Executive Director/Director/POA 33/15-B, Karve Road, Regent Chambers,

Member of National Stock Exchange of India Ltd. Opp. Garware College, Pune 4

SEBI, Regn. No.:INB230754937

33/15-B, Karve Road, Regent Chambers, Opp. Garware College, Pune 4

Sub-broker’s Signature : Witness :

Signature : .......................................................................

Sub-broker Name Name : ...........................................................................

Sub-broker of National Stock Exchange of India Ltd. Address : ...........................................................................

Sub-broker Regn. No.: INS____________________ ...........................................................................

Address : ...........................................................................

...........................................................................

Witness :

Client’s Signature : Signature : .......................................................................

Client Name : Name : ...........................................................................

Address : ........................................................................... Address : ...........................................................................

........................................................................... ...........................................................................

Note : All references to the specific quantity/rate/fee mentioned in this agreement are subject to change from time to time,

as so agreed to in writing between the parties.

10

AGREEMENT BETWEEN STOCK BROKER, SUB-BROKER AND CLIENT (BSE-CASH)

This Agreement (hereinafter referred to as “Agreement”) is entered into on this ......................... day of

............................... 20.........., by and between M/s. Sajag Securities Private Limited (name of “the stock broker”)

(hereinafter referred to as “the stock broker”), a body corporate, incorporated under the provisions of the Companies Act,

1956, and having his/its office/registered office at Regent Chambers, 33/15-B, Karve Road, Pune 411 004, which




case may be, of the One Part;

AND

Mr./Ms/M/s.______________________________________________________________________________

(name of the sub-broker) (hereinafter referred to as “the sub-broker”), an individual/a sole proprietary / HUF concern and

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

Mr./Ms/M/s.____________________________________________________________ (name of the client of the

sub-broker) (hereinafter referred to as “the client”), an individual/a sole proprietary / HUF concern and 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 survivors of them and their respective

heirs, executors, administrators and legal representatives/its successors, as the case may be, of the Third Part;

WHEREAS

1. The stock broker states that it is engaged, in the business of stock broking and is a Member of Bombay Stock

Exchange Ltd. (hereinafter referred to as “the stock exchange”) with SEBI registration Number(s) INB010754936

2. The sub-broker states that :

a) The sub broker is recognized by Bombay Stock Exchange Ltd. as a sub-broker affiliated to the stock broker of

the stock exchange with sub-broker SEBI registration Number (s) ………………………… .

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 adequate office space, equipment 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 to 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; 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.

Annexure 3

11

NOW THIS AGREEMENT WITNESSETH AND IT IS HEREBY statutory levies as are prevailing from time to time and as they apply

AGREED BY AND BETWEEN STOCK BROKER, SUB-BROKER to the Client’s account, transactions and to the services that stock

AND CLIENT AS UNDER : broker / the sub-broker renders to the Client. The stockbroker agrees

that it shall not charge brokerage more than the maximum brokerage 1. The stock broker and sub broker hereby acknowledge and permissible as per the rule, regulations and byelaws of the relevant confirm that the sub-broker is affiliated to the stock broker stock exchange/SEBI.and that the sub-broker shall and within the scope of the

authority given under these presents, be entitled to act as a 5. The stockbroker & the sub broker agree that they shall co-operate &

‘sub-broker’ within the meaning and subject to SEBI (Stock help each other in redressing grievances of the client in respect of

Brokers and Sub-Brokers) Rules, 1992 and SEBI (Stock transactions routed through them in removing objections for bad

Brokers and Sub-Brokers) Regulations 1992 (hereinafter delivery of shares, rectification of bad delivery, etc. in respect of

referred to as the said “Rules” and “Regulations” shares & securities delivered/to be delivered or received/to be

respectively) as amended from time to time, for assisting the received by the clients of sub broker from the member & vice-versa.

client in buying, selling or dealing in securities through the 6. The stockbroker shall continue to be responsible for replacing bad stock broker. deliveries of the client in accordance with applicable “Good & bad

2. The stock broker, the sub-broker and the client agree that they deliver norms” even after termination of the agreement and shall be

shall abide by all the statutory responsibilities and obligations entitled to recover any loss incurred by him in such connection from

imposed on them by the rules, regulations and/or any other the client.

rules or regulations applicable to the stock brokers, the sub- 7. The stockbroker agrees that the money/securities deposited by the brokers and the clients in general either framed by SEBI or by client shall be kept in a separate account, distinct from his/its own the relevant stock exchange/clearing corporation and/or any account or account of any other client and shall not be used by the Government Circulars. stock broker for himself/itself or for any other client or for any

3. The stock broker and the sub broker declare that they have purpose other than the purposes mentioned in SEBI Rules and

brought the contents of the risk disclosure document to the Regulations circulars/guidelines/Exchanges Rules/ Regulations/

notice of client and made him aware of the significance of the Bye-laws and circulars.

said document. The client agrees that: 8. The stock broker and the sub-broker agree that each of them shall

a. He has read and understood the risks involved in trading on ensure due protection to the client regarding client’s rights to

a stock exchange. dividends, rights or bonus shares, etc. in respect of transactions

routed through them and they shall not jointly or severally do b. He shall be wholly responsible for all his investment anything which is likely to harm the interest of the client with whom decisions and trades.and for whom they may have had transactions in securities.c. The failure of the client to understand the risk involved shall

9. The stock broker agrees to inform the sub-broker/client and keep not render a contract as void or voidable and the client shall them apprised about trading/settlement cycles, delivery/payment be and shall continue to be responsible for all the risks and schedules, any changes therein from time to time, and it shall be the consequences for entering into trades in the segments in responsibility in turn of the sub-broker/client to comply with such which the client chose to trade.schedules/procedures of the relevant stock exchange.d. He is liable to pay applicable initial margins, withholding

10.The sub broker will provide assistance to stockbroker and client to margins, special margins or such other margins as are reconcile their accounts at the end of each quarter with reference to considered necessary by the stock broker or the Exchange all the settlements where payouts have been declared during the or as may be directed by SEBI from time to time as quarter.applicable to the segment(s) in which the client trades. The

Stock broker is permitted in its sole and absolute discretion 11.The stockbroker shall issue, individually for each client of his sub

to collect additional margins (even though not required by broker, contract notes in the format prescribed by the relevant stock

the Exchange, Clearing House/Clearing Corporation or exchange. The sub-broker shall render necessary assistance to his

SEBI) and the client shall be obliged to pay such margins client in obtaining the contract note from the stockbroker.

within the stipulated time. 12.The stockbroker, the sub-broker and the client agree to abide by any

e. Payment of margins by the client does not necessarily award passed by the Ombudsman under the SEBI (Ombudsman)

imply complete satisfaction of all dues. In spite of Regulations, 2003.

consistently having paid margins, the client may, on the 13.The client and the stockbroker agree to refer any claims and/or closing of its trade, be obliged to pay (or entitles to receive) disputes to arbitration as per the Rules, Byelaws and Regulations of such further sums as the contract may dictate/require. the Exchange and circulars issued there under as may be in force

4. The Client agrees to pay to the stockbroker brokerage and from time to time.

12

14.The stock broker and the sub-broker hereby agree that they (ii) upon the demise/insolvency of the sub-broker or the cancellation will assist and cooperate with each other in ensuring faster of his/its registration with the Board or/withdrawal of recognition settlement of any arbitration proceedings arising out of the of the sub-broker by the stock exchange. Provided however, in transactions entered into between them vis-a-vis the client such an event, the client shall be informed of such termination and they shall be jointly or severally liable to implement the and the client shall be deemed to be the direct client of the stock arbitration awards made in such proceedings. In case of an broker and all clauses in the agreement governing the client and award against a sub broker, if the sub broker fails to stock broker shall continue to be in force as it is, unless the client implement the award, the stockbroker shall be liable to intimate to the stock broker or the stock broker intimates to the implement the same and would be entitled to recover the client his/its intention to terminate the agreement by giving one same from the sub broker. month notice in writing.

15.The stockbroker and the sub-broker hereby agree that all 20.The provisions of this agreement shall always by subject to transactions in securities on behalf of the clients of the sub- Government notifications, any rules, regulations, guidelines and broker shall be settled by delivery and/or payment, between

circulars issued by SEBI and Rules, Regulations and Bye laws of the the stock broker and the client in accordance with the

relevant stock exchange that may be in force from time to time.previous or rules, bye-laws and regulations of the relevant

21.In the event of death or insolvency of the client or his/its otherwise stock exchange on which the transactions took place and becoming incapable of receiving and paying for or delivering or subject to the procedures for settlement of transactions laid transferring securities which the client has ordered to be bought or down by the relevant stock exchange from time to time.sold, stock broker may close out the transaction of the client and 16.Information about default in payment/delivery and related claim losses, if any, against the estate of the client. The client or his aspects by a client, including that of a sub broker as a client successors, heirs and assigns shall be entitled to any surplus, which shall be brought to the notice of the relevant stock may result there from.Exchange(s) by the stockbroker. In case where defaulting sub

22.Without prejudice to the stock broker’s other rights (including the broker/client is corporate entity/partnership/proprietary firm right to refer a matter to arbitration), the stock broker shall be entitled or any other artificial legal entity, then the name(s) of to liquidate/close out all or any of the client’s positions for non-director(s)/promoters/Partner(s)/proprietors as the case

may be, shall also be communicated to the relevant stock payment of margins or other amounts, outstanding debts, etc. and exchange(s) by the stockbroker. adjust the proceeds of such liquidation/close out, if any, against the

client’s liabilities/obligations. Any and all losses and financial 17.The stockbroker, the sub-broker or the client shall be entitled charges on account of such liquidation/closing-out shall be charged to terminate this agreement without giving any reasons to the

other party, after giving notice in writing of not less than one to and borne by the client.month to the other parties at their respective addresses 23.The stock broker and the client declare and agree that the mentioned below. Notwithstanding any such termination, all transactions executed on the Exchange are subject to Rules, rights, liabilities and obligations of the parties arising out of or Byelaws and Regulations and circulars issued there under of the in respect of transactions entered into prior to the termination Exchange and all parties to such trade shall have submitted to the of this agreement shall continue to subsist and vest in/be jurisdiction of such court as may be specified by the Byelaws and binding on the respective parties or his/its respective heirs, Regulations of the Exchange for the purpose of giving effect to the executors, administrators, legal representatives or provisions of the Rules, Byelaws and Regulations of the Exchange successors, as the case may be.

and the circulars issued there under.18.In the event of sub broker terminating the agreement and/or

24.Where the Exchange cancels trade(s) suo moto all such trades termination of the agreement with the sub broker by the stock

including the trade/s done on behalf of the client shall ipso facto broker, for any reason whatsoever, the client shall be

stand cancelled, member shall be entitled to cancel the respective informed of such termination and the client shall be deemed

contract(s) with client(s)to be the direct client of the stock broker and all clauses in the

25.The instructions issued by an authorized representative, if any, of the agreement governing the client and stock broker shall client shall be binding on the client in accordance with the letter continue to be in force as it is, unless the client intimates of authorizing the said representative to deal on behalf of the said client.the stock broker his/its intention to terminate the agreement

26.The client agrees to immediately notify the stock broker/sub broker in by giving a notice in writing of not less than one month.writing if there is any change in the information in the ‘client 19.This agreement shall forthwith terminate;registration form’ provided by the client to the stock broker/sub (i) if the stock broker for any reason ceases to be a member broker at the time of opening of the account or at any time thereafter.of the stock exchange including cessation of membership

27.The client agrees to abide by the exposure limits, if any, set by the by reason of the stockbroker’s default, death, resignation stockbroker or by the Exchange or Clearing Corporation or SEBI from or expulsion or if the certificate issued by the Board is

cancelled; time to time.

13

28.In addition to the specific rights set out in this Agreement, the or decree or award is passed against him or if any litigation which

stockbroker, the sub-broker and the client shall be entitled to may have material bearing on his capacity has been filed against him.

exercise any other rights which the stock broker, sub broker 31.Words and expressions which are used in this Agreement, but which or the client may have under the Rules, Bye-laws and are not defined herein shall, unless the context otherwise requires, Regulations of the Exchange and circulars issued there under have the same meaning as assigned thereto in the Rules, Byelaws or Rules and Regulations of SEBI. and Regulations of the Exchange and circulars issued there under.

29.The stockbroker and the sub-broker hereby undertake to This agreement can be altered, amended and /or modified by the parties maintain the details of the client as mentioned in the client mutually in writing without derogating from the contents of this registration form or any other information pertaining to the Agreement. Provided however, if the rights and obligations of the parties client in confidence and that they shall not disclose the same hereto are altered by virtue of change in Rules and regulations of SEBI or to any person/authority except as required under any Bye-laws, Rules and Regulations of the relevant stock Exchange, such law/regulatory requirements : Provided however that the changes shall be deemed to have been incorporated herein in stock broker or sub-broker may so disclose information modification of the rights and obligations of the parties mentioned in this about his client to any person or authority with the express agreement.permission of the client.

IN WITNESS WHEREOF, the parties hereto have set their hands and 30.The client agrees to immediately furnish information to the signatures on the day, month and year first above written Signed for and

stockbroker in writing, if any winding up petition or insolvency on behalf of the member, the sub-broker and the clientpetition has been filed or any winding up or insolvency order

Stock Broker’s Signature : Witness :

Signature :

Sajag Securities Pvt. Ltd. Name : SAJAG SECURITIES PVT. LTD.

Executive Director/Director/POA 33/15-B, Karve Road, Regent Chambers,

Member of Bombay Stock Exchange Ltd. Opp. Garware College, Pune 4

SEBI, Regn. No.:INB010754936

33/15-B, Karve Road, Regent Chambers, Opp. Garware College, Pune 4

Sub-broker’s Signature : Witness :

Signature : .......................................................................

Sub-broker Name Name : ...........................................................................

Sub-broker of Bombay Stock Exchange Ltd. Address : ...........................................................................

Sub-broker Regn. No.: INS____________________ ...........................................................................

Address : ...........................................................................

...........................................................................

Witness :

Client’s Signature : Signature : .......................................................................

Client Name : Name : ...........................................................................

Address : ........................................................................... Address : ...........................................................................

........................................................................... ...........................................................................

Note : All references to the specific quantity/rate/fee mentioned in this agreement are subject to change from time to time,

as so agreed to in writing between the parties.

14

COMBINED RISK DISCLOSURE DOCUMENT NSE/BSE does not provide or purport to provide any advice and shall not

FOR CAPITAL MARKET / CASH SEGMENT 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 This document is issued by the member of the National Stock party based on any information contained in this document. Any Exchange of India (hereinafter referred to as “NSE”) / Bombay information contained in this document must not be construed as Stock Exchange Ltd. (hereinafter referred to as “BSE”) which has business advice/investment advice. No consideration to trade should be been formulated by the Exchanges in coordination with the made without thoroughly understanding and reviewing the risks involved Securities and Exchange Board of India (hereinafter referred to as in such trading. If you are unsure, you must seek professional advice on “SEBI”) and contains important information on trading in the the same.Equities and F & O Segments of NSE/BSE. All prospective

constituents should read this document before trading on Capital In considering whether to trade or authorize someone to trade for you,

Market/Cash Segment or F & O segment of the Exchanges. you should be aware of/or must be acquainted with the following:-

NSE/BSE/SEBI does neither singly or jointly and expressly nor 1. BASIC RISKS INVOLVED IN TRADING ON THE STOCK EXCHANGE

impliedly guarantee not make any representation concerning the (EQUITY AND OTHER INSTRUMENTS)

completeness, the adequacy or accuracy of this disclosure 1.1 Risk of Higher Volatility:document nor has NSE/BSE/SEBI endorsed or passed any Volatility refers to the dynamic changes in price that securities undergo merits of participating in this trading segments. This brief when trading activity continues on the Stock Exchange. Generally, higher statement does not disclose all the risks and other significant the volatility of a security/contract, greater is its price swings. There may aspects of trading. be normally greater volatility in thinly traded securities/contracts than in In the light of the risks involved, you should undertake active securities/contracts. As a result of volatility, your order may only transactions only if you understand the nature of the contractual be partially executed or not executed at all, or the price at which you order relationship into which you are entering and the extent of your got executed may be substantially different from the last traded price or exposure to risk. change substantially thereafter, resulting in notional or real losses.

You must know and appreciate that investment in Equity shares, 1.2 Risk of Lower Liquidity:derivative or other instruments traded on the Stock Exchange(s), Liquidity refers to the ability of market participants to buy and sell which have varying element of risk, is generally not an securities/contracts expeditiously at a competitive price and with appropriate avenue for someone of limited resources/limited minimal price difference. Generally, it is assumed that more the numbers investment and/or trading experience and low risk tolerance. You of orders available in a market, greater is the liquidity. Liquidity is should therefore carefully consider whether such trading is important because with greater liquidity, it is easier for investors to buy or suitable for you in the light of your financial condition. In case you sell securities/contracts swiftly and with minimal price difference, and trade on NSE/BSE and suffer adverse consequences or loss, you as a result, investors are more likely to pay or receive a competitive price shall be solely responsible for the same and NSE/BSE, its for securities/contracts purchased or sold. There may be a risk of lower Clearing Corporation/Clearing House and/or SEBI shall not be liquidity in some securities/contracts as compared to active responsible, in any manner whatsoever, for the same and it will securities/contracts. As a result, your order may only be partially not be open for you to take a plea that no adequate disclosure executed, or may be executed with relatively greater price difference or regarding the risks involved was made or that you were not may not be executed at all.explained the full risk involved by the concerned member. The

1.2.1 Buying/selling without intention of giving and/or taking delivery of a constituent shall be solely responsible for the consequences and

security, as part of a day trading strategy, may also result into no contract can be rescinded on that account. You must

losses, because in such a situation, stocks may have to be acknowledge and accept that there can be no guarantee of profits

sold/purchased at a low/high prices, compared to the expected or no exception from losses while executing orders for purchase

price levels, so as not to have any obligation to deliver/receive a and/or sale of a security or derivative being traded on NSE/BSE.

security.It must be clearly understood by you that your dealings on

1.3 Risk of Wider Spreads:NSE/BSE through a member shall be subject to your fulfilling

Spread refers to the difference in best buy price and best sell price. It certain formalities set out by the member, which may interalia

represents the differential between the price of buying a security and include your filling the know your client form client registration

immediately selling it or vice versa. Lower liquidity and higher volatility form, execution of an agreement, etc., and are subject to the

may result in wider than normal spreads for less liquid or illiquid Rules, Byelaws and Regulations of NSE/BSE and its Clearing

securities/contracts. This in turn will hamper better price formation.Corporation, guidelines prescribed by SEBI and in force from

1.4 Risk-reducing orders:time to time and Circulars as may be issued by NSE/BSE or its Most Exchanges have a facility for investors to place “limit orders, “stop Clearing Corporation/Clearing House and in force from time to loss orders” etc. The placing of such orders (e.g., “stop loss orders, or time.

15

“limit” orders), which are intended to limit losses to certain 1.7.2 Under certain market conditions, it may be difficult or impossible

to liquidates a position in the market at a reasonable price or at all, amounts, may not be effective many a time because rapid

when there are no outstanding orders either on the buy side of the movement in market conditions may make it impossible to

self side, or if trading is halted in a security due to any action on execute such orders.

account of unusual trading activity or stock hitting circuit filters or 1.4.1 A “market” order will be executed promptly subject to for any other reason.availability of orders on opposite side, without regard to

price and that, while the customer may receive a prompt 1.8 System/Network Congestion:

execution of a “market” order, the execution may be at Trading on NSE/BSE is in electronic mode, based on satellite/leased line available prices of outstanding orders, which satisfy the based communications, combination of technologies and computer order quantity, on price time priority. It may be understood systems to place and route orders. Thus, there exists a possibility of that these prices may be significantly different from the communication failure or system problems or slow or delayed response last traded price or the best price in that security. from system or trading halt, or any such other problem/glitch whereby

not being able to establish access to the trading system/network, which 1.4.2 A “limit order will be executed only at the “limit” price may be beyond the control of and may result in delay in processing or not specified for the order or a better price. However, while the processing buy or sell orders either in part or in full. You are cautioned to customer receives price protection, there is a possibility note that although these problems may by temporary in nature, but when that the order may not be executed at all.you have outstanding open positions or unexecuted orders, these 1.4.3 A stop loss order is generally placed “away” from the represent a risk because of your obligations to settle all exceuted current price of stock/contract, and such order gets transactions.activated if and when the stock/contract reaches, or 2. AS FAR AS FUTURES AND OPTIONS SEGMENT IS CONCERNED, trades through, the stop price. Sell stop orders are

PLEASE NOTE AND GET YOURSELF ACQUAINTED WITH THE entered ordinarily below the current price, and buy stop FOLLOWING ADDITIONAL FEATURES:orders are entered ordinarily above the current price.

2.1 Effect of “Leverage” or “Gearing”When the stock reaches the predetermined price, or The amount of margin is small relative to the value of the derivatives traders through such price, the stop loss order converts contract so the transactions are ‘leveraged’ or ‘geared’.to a market/limit order and is executed at the time or Derivatives trading, which is conducted with a relatively small amount or better. There is no assurance therefore that the limit order margin, provides the possibility of great profit or loss in comparison with will be executable since a stock/contract might penetrate the principal investment amount. But transactions in derivatives carry a the predetermined price, in which case, the risk of such high degree of risk.order not getting executed arises, just as with a regular

You should therefore completely understand the following statements limit order.

before actually trading in derivative trading and also trade with caution 1.5 Risk of News Announcement:while taking into account one’s circumstances, financial resources, etc. Issuers make news announcements that may impact the price of If the prices move against you, you may lose a part of or whole margin the securities/contracts. These announcements may occur equivalent to the principal investment amount in a relatively short period during trading, and when combined with lower liquidity and of time. Moreover, the loss may exceed the original margin amount.higher volatility, may suddenly cause an unexpected positive or A. Futures trading involves daily settlement of all positions. Everyday negative movement in the price of the security/contract.

the open positions are marked to market based on the closing level 1.6 Risk of Rumors:

of the index. If the index has moved against you, you will be required Rumors about companies at times float in the market through to deposit the amount of loss (notional) resulting from such word of mouth, newspapers, websites or news agencies, etc. movement. This margin will have to be paid within a stipulated time The investors should be wary of and should desist from acting on frame, generally before commencement of trading next day.rumors.

B. If you fail to deposit the additional margin by the deadline or if an 1.7 System Risk: outstanding debt occurs in your account, the broker/member may High volume trading will frequently occur at the market opening liquidate a part of or the whole position or substitute securities. In and before market close. Such high volume may also occur at this case, you will be liable for any losses incurred due to such any point in the day. These may cause delays in order execution close-outs.or confirmation. C. Under certain market conditions, an investor may find it difficult or 1.7.1 impossible to execute transactions. For example, this situation can During periods of volatility, on account of market

participants continuously modifying their order quantity occur due to factors such as illiquidity i.e. when there are insufficient bids or offers or suspension of trading due to price limit or prices or placing fresh orders, there may be delays in or circuit breakers etc.order execution and its confirmations.

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D. In order to maintain market stability, the following steps may 3. GENERAL

be adopted: changes in the margin rate, increases in the 3.1 Commission and other chargescash margin rate or others. These new measures may also Before you begin to trade, you should obtain a clear explanation of be applied to the existing open interests. In such conditions, all commission, fees and other charges for which you will be liable. you will be required to put up additional margins or reduce These charges will affect your net profit (if any) or increase your your positions. loss.

E. You must ask you broker to provide the full details of 3.2 Deposited cash and propertyderivatives contracts you plan to trade i.e. the contract

You should familiarize yourself with the protections accorded to the specifications and the associated obligation.

money or other property you deposit particularly in the event of a 2.2 Risk of Option holders firm insolvency or bankruptcy. The extent to which you may recover 1. An option holder runs the risk of losing the entire amount your money or property may be governed by specific legislation or

paid for the option in a relatively short period of time. This local rules. In some jurisdictions, property, which has been risk reflects the nature of an option as a wasting asset, specifically identifiable as your own, will be pro-rated in the same which becomes worthless when it expires. An option holder manner as cash for purposes of distribution in the event of a who neither sells his option in the secondary market nor shortfall. In case of any dispute with member, the same shall be exercises it prior to its expiration will necessarily lose his subject to arbitration as per the buylaws/regulations of the entire investment in the option. If the price of the underlying Exchange.does not change in the anticipated direction before the 3.3 For rights and obligations of the clients, please refer to Annexure-1 option expires to an extent sufficient to cover the cost of the enclosed with this document.option, the investor may lose all or significant part of this

3.4 The term ‘constituent’ shall mean and include a client, a customer investment in the option.

or an investor, who deals with a trading member for the purpose of 2. The Exchange may impose exercise restrictions and have acquiring and/or selling of securities through the mechanism

absolute authority to restrict the exercise of options at provided by NSE/BSE.certain times in specified circumstances.

3.5 The term ‘member’ shall mean and include a trading member, a 2.3 Risks of Option Writers broker or a stock broker, who has been admitted as such by 1. If the price movement of the underlying is not in the NSE/BSE and who holds a registration certificate as a stock broker

anticipated direction, the option writer runs the risks of from SEBI.losing substantial amount. 3.6 We may refuse order for penny stocks and illliquid securities

2. The risk of being an option writer may be reduce by the specified by NSE/BSE/SEBI from time to time.purchase of other options on the same underlying interest 3.7 We reserve the right to sell clients securities of closed clients and thereby assuming a spread position or by acquiring positions, without giving notice to the client, on account of non-other types of hedging positions in the options markets or payment of clients dues. (This shall be limited to the extent of other markets. However, even where the writer has settlement / margin obligations)assumed a spread or other hedging position, the risks may

3.8 We may temporarily suspend /close clients account as per the still be significant. A spread position is not necessarily less

clients rquest.risky than a simple ‘long’ or ‘short’ position.

I hereby acknowledge that I have received and understood this risk 3. Transactions that involve buying and writing multiple

disclosure statement and Annexure-1 containing my rights and options in combination, or buying or writing options in

obligations.combination with buying or selling short the underlying

Customer Signature (If Partner, Corporate, or other Authorised interests, present additional risks to investors. Combination

Signatory, then attest with company seal.)transactions, such as option spreads, are more complex

than buying or writing a single option. And it should be *Client Name: __________________________________________further noted that, as in any area of investing, a complexity

not well understood is, in itself, a risk factor. While this is not *Client Code: ______________ *Date: ________________

to suggest that combination strategies should not be

considered, it is advisable, as in the case will 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. *Signature *Mandatory fields

17

ANNEXURE-1 1.3.5 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 INVESTORS' RIGHTS AND OBLIGATIONSin writing ensures that you have proof of your intent, in case of

1.1 You should familiarise yourself with the protection disputes with the member.

accorded to the money or other property you may deposit 1.3.6 Ensure that a contract note is issued to you by the member which with your member, particularly in the event of a default in

contains minute records of every transaction. Verify that the the stock market or the broking firm's insolvency or contract note contains details of order no., trade number, trade bankruptcy.time, trade price, trade quantity, name of security, client code

1.1.1 Please ensure that you have a documentary proof of your allotted to you and showing the brokerage separately. Contract

having made deposit of such money or property with the notes are required to be given/sent by the member to the

member, stating towards which account such money or investors latest on the next working day of the trade. Contract

property deposited.note can be issued by the member either in electronic form using

1.1.2 Further, it may be noted that the extent to which you may digital signature as required, or in hard copy. In case you do not recover such money or property may be governed by the receive a contract note on the next working day or at a mutually Bye-laws and Regulations of NSE/BSE and the scheme of agreed time, please get in touch with the Investors Grievance Cell the Investors' Protection Fund in force from time to time. of NSE/BSE, without delaying.

1.1.3 Any dispute with the member with respect to deposits, 1.3.7 Facility of Trade Verification is available on NSE/BSE website margin money, etc., and producing an appropriate proof (www.nseindia.com / www.bseindia.com), where details of thereof, shall be subject to arbitration as per the Rules, trade as mentioned in the contract note may be verified from the Byelaws/Regulations of NSE/BSE or its Clearing trade date upto five trading days. Where trade details on the Corporation / Clearing House. website, do not tally with the details mentioned in the contract

note, immediately get in touch with the Investors Grievance Cell 1.2 Before you begin to trade, you should obtain a clear idea of NSE/BSE.from your member of all brokerage, commissions, fees

and other charges which will be levied on you for trading. 1.3.8 Ensure that payment/delivery of securities against settlement is These charges will affect your net cash inflow or outflow. given to the concerned member within one working day prior to

the date of pay-in announced by NSE/BSE or it's Clearing 1.3 You should exercise due diligence and comply with the Corporation / Clearing House. Payments should be made only by following requirements of the NSE/BSE and/or SEBI:account payee cheque in favour of the firm/company of the

1.3.1 Please deal only with and through SEBI registered trading member and a receipt or acknowledgement towards what

members of the Stock Exchange and are enabled to trade such payment is made be obtained from the member. Delivery of

on the Exchange. All SEBI registered members are given a securities is made to the pool account of the member rather than

registration no., which may be verified from SEBI. The to the beneficiary account of the member.

details of all members of NSE/BSE and whether they are 1.3.9 In case pay-out of money and/or securities is not received on the enabled to trade may be verified from NSE/BSE website

next working day after date of pay-out announced by NSE/BSE or (www.nseindia.com / www.bseindia.com).its Clearing Corporation / Clearing House, please follow-up with

1.3.2 Demand any such information, details and documents the concerned member for its release. In case pay-out is not

from the member, for the purpose of verification, as you released as above from the member within five working days,

may find it necessary to satisfy yourself about his ensure that you lodge a complaint immediately with the Investors'

credentials.Grievance Cell of NSE/BSE.

1.3.3 Furnish all such details in full as are required by the 1.3.10 Every member is required to send a complete 'Statement of member as required in "Know Your Client" form, which Accounts', for both funds and securities settlement to each of its may also include details of PAN or Passport or Driving constituents, at such periodicity as may be prescribed by time to Licence or Voters Id, or Ration Card, bank account and time. You should report errors, if any, in the Statement depository account, or any such details made mandatory immediately, but not later than 30 calendar days of receipt by SEBI/NSE at any time, as is available with the investor. thereof, to the member. In case the error is not rectified or there is

1.3.4 Execute a broker-client agreement in the form prescribed a dispute, ensure that you refer such matter to the Investors by SEBI and/or the Relevant Authority of NSE or its Grievance Cell of NSE/BSE, without delaying.Clearing Corporation / Clearing House from time to time, 1.3.11 In case of a complaint against a member/registered sub-broker, because this may be useful as a proof of your dealing you should address the complaint to the Office as may be arrangements with the member. specified by NSE/BSE from time to time.

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1.4 In case where a member surrenders his membership, Notes :

NSE/BSE gives a public notice inviting claims, if any, from 1. The term 'constituent' shall mean and include a client, a customer or investors. In case of a claim, relating to "transactions an investor, who deals with a trading member of NSE/BSE for the executed on the trading system" of NSE/BSE, ensure that purpose of acquiring and / or selling of securities through the you lodge a claim with NSE/BSE/NSCCL/Clearing House mechanism provided by NSE/BSE.within the stipulated period and with the supporting

2. The term 'member' shall mean and include a member or a broker or documents.

a stock broker, who has been admitted as such by NSE/BSE and 1.5 In case where a member is expelled from trading who holds a registration certificate as a stock broker from SEBI.

membership or declared a defaulter, NSE/BSE gives a 3. NSE/BSE may be substituted with names of the relevant exchanges,

public notice inviting claims, if any, from investors. In wherever applicable.

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 inadequate. 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.

Signature

A. Policy of refusal of orders for penny stocks exposure is set at 2.5 to 5 times. For delivery based clients, SSPL

have a policy of setting up exposure after evaluating the Sajag Securities Pvt. Ltd. (hereinafter called SSPL 'Member-relationship. In case of block deal/ bulk deal, SSPL have a policy of NSE-BSE')verifying bonafideness of such orders by RMS group & obtaining

SSPL has a policy for shares falling under category of Z upfront margin and placing it with the exchange prior to execution of group; we reserve the right to refuse the order for selling order. SSPL have a policy of obtaining certain declarations & unless we satisfy ourselves that the said category shares indemnities from client before carrying out such block/bulk deals.are in dematerialized form and have been acquired by client

C. Policy of applicable brokerage ratethrough normal market purchases through recognized

stock exchange. SSPL have policy of not buying any shares SSPL have a policy of levying brokerage rates within the prescribed

which are traded under category of 'Z' group. SSPL may limits as per rules of SEBI, after evaluation of relationship with the

exercise option of giving consent subject to verification of client and the potential of the business or the financial capabilities

bonafideness of such orders by our RMS group and asking for the investment Further SSPL has a policy of levying minimum

certain declaration and indemnities. brokerage of Rs.50/- per contract. However SSPL may waive off

such minimum brokerage of Rs.50/- if the total brokerage on trades For shares traded under 'T','TS' & 'BE' segment SSPL have executed on both the exchange through capital market segment is policy of verifying bonafideness of such orders by RMS more than Rs.50/- per day.group and asking certain declaration and indemnities.

D. Policy of imposition of penalty/ delayed payment charges B. Policy of setting up client's exposure limitby either party, specifying the rate and the period not

SSPL have a policy of setting up 5 to 10 times exposure on resulting in funding by the broker in contravention of the the margin amount placed as cash deposit (i.e. margin applicable laws.received by cheque and kept as margin deposit). If margin is

placed in the form of tradable securities of 'A' group then SSPL have a policy of releasing pay out of funds and securities on

POLICIES AND PROCEDURES FOR CLIENT DEALINGS ON ALL EXCHANGES (MANDATORY)

19

the payout day of respective settlement subject to client has H. Policy of temporarily suspending or closing a client's account at

the client's requestfulfilled his securities and funds pay-in obligation on time. In

case of delay in pay in of funds by client SSPL at its SSPL have a policy of accepting a letter from client for temporarily discretion may levy charges @18% p.a. suspending the account. SSPL have a policy of deactivating the

E. Policy of the right to sell client's securities or close client code from trading system in the case of such clients who do

client's position, without giving notice to the client on not trade for last 2 financial years. However if such a client wants to

account of non payment of client's dues(Limited to the get reactivated, then new KYC form with all the relevant documents

extent of settlement/margin obligation) are obtained again from client before reactivation.

SSPL have a policy to withheld pay out of securities if funds I. Policy of deregistering a client

pay in obligation is not fulfilled by client on due date. SSPL SSPL have policy of deregistering a client after accepting a letter. have a policy to sell shares purchased by client after 5 days Client is deregistered if such client defaults on his/her obligation of such purchases if funds are not received by SSPL. Till for more than 3 times. Client account is deregistered after such time shares are held by SSPL at the risk of client. Any receiving intimation of death from family members or newspaper loss arising out of such sale is recovered from the client. If report or communication by the concerned sub-broker if such there is any credit balance left after recovery of obligation, client is registered through a sub-broker.such amount is paid to the client after deducting delayed

This policy has been adopted by the Sajag Securities Private payment charges @ 18% p.a.

Limited as on 1st April, 2010 and may have been revised over F. Policy of shortages in obligations arising out of internal time. Latest version of the policy is available at our web site

netting of trades www.sajagonline.com

SSPL has a policy of levying charges @ 1% of auction or

close out rates on market and or internal shortages.

If any client fails to deliver shares before pay-in deadline and

deposit the shares in auction settlement of the normal

settlement before payout (i.e. T+4 working days) of auction

settlement, securities are credited to buyer's account as

auction payout.

If seller fails to deposit shares even in auction settlement,

the internal shortages are closed as under:

Seller account is debited and buyers account is credited at

5% above the closing price on the auction day or 5 % above

valuations price as on T+1 whichever is higher..

G. Policy of conditions under which a client may not be

allowed to take further position or the broker may close

the existing position of a client

SSPL have a policy of not allowing clients to take the

position in the market under following conditions

1. Mark to market loss is more than the margin placed.

2. Gross exposure is more than the limit granted.

3. If debit balance of T-1 or T-2 is not paid by the client.

4. To square up position if the debit balances are not

cleared before 3.00 p.m. or sufficient upfront margin is

not provided by 3.00 p.m.

5. If cheques pertaining to earlier debits are bounced for

any reason.

Signature

Client Name :

Date :

Place :

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CONSENT FOR CONSOLIDATED CONTRACT NOTE AND TRANSFERRING FUNDS & SECURITIES AGAINST

OBLIGATION BETWEEN NSE(CM SEGMENT) AND BSE (CM SEGMENT)

To,

SAJAG SECURITIES PVT LTD

Member: National stock Exchange of India Ltd.

Member: Bombay Stock Exchange Ltd.

33/15-B Karve Road, Regent Chambers, Opp Garware College, Pune 4

SEBI Regn. No. : NSE INB 230754937

SEBI Regn. No. : BSE INB 010754936

Dear Sir,

I / we hereby instruct you to issue consolidated contract note with weighted average price. If required I / we may ask for detail

which shall be provided by you upon request.

Due to shorter settlement cycles, it is very difficult to settle obligation of NSE (CM segment) and BSE(CM segment) separately.

To avoid delay in settling different obligations, which may arise due to orders placed, executed and trade generated on my

account on National Stock Exchange Ltd and Bombay Stock Exchange Ltd, I/We hereby give you my/our consent to transfer the

funds and securities to settle my/our obligations which may arise due to trades done on my/our orders on these two exchanges.

I/We understand that you will not meet securities obligation which may arise due to trade done in same scrip on same day or on

the day before pay-out, if such trades are of different in nature.(.i.e., if securities purchased on one exchange and sold on

another exchange on the same day or securities purchased on one exchange and sold before the pay-out day on another

exchange shall not be settled). I/We further understand that you shall not be responsible for shortages in securities pay-out and

pay-in of such trades.(i.e. if there is a shortage in pay-out of securities then it shall result in shortage of pay-in of securities on

other exchange).

I/We further understand that you will not adjust funds pay-in obligation on one exchange if pay-out of funds on another exchange

takes place after funds pay-in on first exchange. I/We shall meet such funds obligations in advance of my/our pay-in obligations.

You shall transfer such funds which are clear in my/our ledger account.

I/We further understand that you shall maintain a single accounts ledger (Finance) for all my/our transaction which I/We may

carry out on different exchanges.

I/We further hereby authorize Sajag Securities Pvt. Ltd. to hold back credit balance of funds and/or securities on our behalf

against any inter settlement obligations on my behalf. The same credit of Funds and/or Securities may be adjusted towards

margin obligation as well (if any).

This authorisation shall remain in effect until revoked by a written notice addressed to you and delivered personally or by

registered post to your office and giving you at least 48 hours notice of such revocation which time period shall only run upon

actual receipt of the notice by you. such revocation shall not affect any liability resulting from transactions initiated prior to

(including the 48 hours notice period) such revocation taking effect.

Thanking you.

Yours faithfully,

Signature(s)

Client Name : Date :

Client Code : Place :

Note : In case of the client being an individual then the above should be signed by him / her and in case of it being a

partnership/company then the partner/director should sign.

VOLUNTARY DOCUMENTS

21

REQUEST FOR HOLDING CREDIT BALANCE IN MY TRADING ACCOUNT

To,




33/15-B Karve Road, Regent Chambers, Opp Garware College, Pune 4

SEBI Regn. No. : NSE INB 230754937

SEBI Regn. No. : BSE INB 010754936

Dear Sir,

My account number is _________________________________ .

I request you to please hold the credit balance if any in my account at your end as my transactions are on regular basis. I shall

inform you in advance, in case I require the funds in the course of time. As per SEBI guidelines I will clear my ledger balance nil

either giving or taking the cheque once a quarter in spite of letter for running account.

Thanking you.

Yours faithfully,

Signature(s)

Client Name : Date :

Client Code : Place :

VOLUNTARY DOCUMENTS

22

To,




33/15-B Karve Road, Regent Chambers,

Opp Garware College, Pune 411004.

Tel. : (020) 25302400 / 66014737

Dear Sir,

Subject : - Authorization Letter

I hereby authorize Sajag Securities Pvt. Ltd. to send me Digital Contract Note on daily basis and Party ledger, global report

on quarterly basis on following Email address.

I understand that no physical copy will be issued

Client Name : ______________________________________

Client Code : ______________________________________

Email address : ______________________________________

Mobile No. : _____________________

I shall inform any change in my e-mail address or mobile number promptly

Thanking you

Yours faithfully,

Signature (s) : ____________________

Date : ____________________

Place : ____________________

23

To,




33/15-B Karve Road, Regent Chambers,

Opp Garware College, Pune 411004.

Tel. : (020) 25302400 / 66014737

Dear Sir,

Subject : - Acknowledgement of receipt of Client Registration Application Document

I/We hereby confirm that I/ We have received the copies of Member - Client Agreements (NSE /BSE), Combined Risk

Disclosure Document, SSPL Policy and other documents signed by me and forming part of this Client Registration

Application Form.

I/ We further confirm that the Unique Client Code and E-mail ID furnished by me /us for the purpose of receiving electronic

contract notes and other details have been communicated to me/us in writing.

Signature of the Client

24

Cover 3

Blue

tick mark only

For Office use only

Checklist for Client Registration Application Form

ASSOCIATE SAJAG

1 Client Code

2 Name in the A/c opening form should by same as appearing in the supporting documents

3 Photograph

4 Signature across photograph

5 Email ID

6 Correspondence Address

7 Residence Address should be same as appearing in the supporting documents

8 Pin Code

9 Telephone No. with STD code

10 Date of Birth

11 Employers/Establishment/Karta details

12 Occupation

13 Residential Status

14 PAN No. and proof

15 Proof of identity - Passport / Driving Licence / Voter ID / MAPIN Card

16 Proof of Residence

17 Bank details with proof

18 Demat details with proof

19 Undertaking regarding receipt and payment of Funds & Securities

20 Introducer details and Signature

21 Brokerage - Delivery Transactions

22 Brokerage - Intra Day Transations - Amount of Deposit - Rs _________________

(Deposit is compulsory for Intra day transactions - Minimum Amount Rs. 10,000/- Buy Sale

23 Trader

24 Sub Trader (if any)

Client Risk Category : Low / Medium / High Uploaded successfully on NSE & BSE : ______________

Signatures :

Business Associates Entered by (SAJAG) Original Documents Verified by

1 Account Opening Form (AoF) must be fully completed by evey CLIENT and must be accompanied by supporting

documents mentioned as under.

2 Each CLIENT has to use one AoF. In case of joint names/family members, please submit separate AoF for each person.

Accounts cannot be opened in joint names.

3 The information provided herewith shall be kept confidential, unless required by any Exchange, SEBI or any statutory body

or Authority.

4 Original documents may be produced for verification at the time of filing AoF.

5 Cheques / Drafts / Pay orders issued to SAJAG shall be favouring “SAJAG SECURITIES PVT. LTD.” only.

6 Please countersign any overwriting.

7 Please fill up the form in CAPITAL letters.

8 Total signatures required : 2+34

Mandatory Document Requirements

1) Proof of Identity – PAN Card

2) Proof of Recent Demat Account

3) Proof of Recent Bank Account and a Cancelled Cheque

4) One recent Photograph duly signed

5) Proof of Residence (photocopy of any one)

äPassport

äDriving Licence

äVoter ID

äRation Card

äBank Passbook / Statement with photo attested by Bank

äInsurance Policy

äElectricity Bill

äTelephone Bill

äFlat Maintenance Bill

äRent Agreement

IF HUF then

äPhotocopy of HUF Deed

äList of members duly signed by Karta and all members

äPAN Card is cumpulsory

äSignature of Karta should be accompanied by RUBBER STAMP

No documentation shall give any exclusive right or control to us or third party over your DP account or ledger account or bank

account except to the extent of and restricted to your obligation to us in respect of the transactions done or to be done (like up

front margin) by us on your behalf on the exchange.

Cover 2

Pink

any one}