Instructions for Filling Opening Form (Please read carefully before … · 2011. 9. 18. · Instructions for Filling Opening Form (Please read carefully before filling the form) 1

Instructions for Filling Opening Form (Please read carefully before filling the form)

1. Please use CAPITAL LETTERS while filling up the Account Opening Form.

2. Trading accounts cannot be opened in joint names.

3. Client should sign at all the places marked as ( ).

4. Please affix passport size photographs of the Client/ Constituent/ First Holder / Sole Holder duly signed across, at the space provided.

5. Please affix passport size photographs of Second Holder (if any), Third Holder (if any), Nominee (if any) and Guardian of Nominee (if any) duly signed across for depository account.

6. Please provide a self attested clear photocopy of PAN Card (MANDATORY).

7. Please provide copy of documentary evidence of financial details, if opted for trading in derivatives.

8. Please provide a clear self attested photocopy of anyone of the following documents acceptable as Address proof.

a) Passport b) Ration Card (c) Driving Licence

d) Voter ID e) Bank Passbook / Statement

f) Latest electricity or landline telephone bill (not more than two months old). Telephone bills of fixed wireless phone (TATA, Reliance and other WLL) and mobiles will not be acceptedas address proof.

g) Notarized copy of leave and licence agreement/ agreement for sale/rent agreement

(Please provide proof of correspondence address only. All communication shall be sent at the correspondence address of the first/sole holder)

*Note: Computer generated Bank Statement can be accepted as Proof of Address subject to :

1. Original Cancelled cheque required.

2. Bank statement should be printed on the stationery of the bank, carry logo, name & address of the bank.

3. If Bank statement is not printed on bank stationery but is printed on plain paper/computer stationery then it should be duly attested (signed and stamped) by the authorised officialof the bank with name & designation of authorised official.

4. The Bank statement should pertain to the latest quarter ending.

9. Please provide a clear self attested photocopy of anyone of the following documents acceptable as Bank Proof containing the name of the client/ constituent/ first/sole holder

a) Bank Passbook b) Statement (Not more than three month old). c) Cancelled cheque leaf

10. Please provide photocopy of Holding/Transaction Statement/ Client master of each of your existing Depository account if not with RR Equity Brokers.

11. In case of NRI, please provide the following additional self attested documents

a) Photocopy of permission letter issued by RBI/PIS permission letter from an authorised dealer.

b) Verified copies of proofs of both local as well as foreign address.

c) Copy of Passport. d) Valid visa or work permit. e) Bank proof- NRE/NRO saving account.

f) In - person verification by Indian embassy/RR Equity Brokers Official.

(In case the client wants that the correspondence should be sent at foreign address then the postage amount would be charged as per actuals)

12. Please provide cancelled cheque for MICR verification.

13. Please provide an initial cheque in favour of RR EQUITY BROKERS PVT. LTD. towards account maintenance charges.

14. Client/Constituent/ First Holder / Sole Holder needs to fill up all the fields marked with asterix(*). Please note that all the columns of the account opening form are duly filled in and boxor space is not left blank. Please strike off the boxes or space, Which are not applicable.

15. All original documents shall be required for verification purposes at the time of submission of form.

16. In case of address change

Duly Signed Request Letter, ID Proof, Address Proof and Latest Trxn. Statement

17. In case of Bank Detail Change

Duly Signed Request Letter, Copy of Cancelled Cheque

CORPORATE ACCOUNT

1. Copy of PAN Card of the company

2. Copy of PAN Card / Passport / Voter ID / Driving License of director / authorized signatories

3. Certified true copy of annual report for the last year.

4. Proof of the Demat account.

5. Verification / attestation of signature of the directors by the bank

6. Copies of the balance sheet for the last 2 financial years (Copies of annual balance sheet to be submitted every year)

7. Copies of the Memorandum & Articles of Association

8. Photographs of whole time directors, individual promoters holding 5% or more, either directly or indirectly, in the shareholding of the company and of persons authorized to deal insecurities on behalf of the company.

9. Copy of latest share holding pattern including list of all those holding more than 5% in the share capital of the company, duly certified by the Company Secretary/Whole Time Director/M.D. (Copy of updated shareholding pattern to be submitted every year)

10. Copy of the Resolution of Board of Directors approving participation in equity / derivatives trading and authorizing persons for dealing in securities.

11. Copy of Form No. 32 of the company.

Note:

1. Complete document to be signed by person himself/herself not to be signed by his/her attorney/ authorised person etc.

2. Trading in Currency Derivative allowed only to Resident Clients.

DP ID CDSL : DP ID IN 12042300

Drop Box / Coll. Centre

Employee Name

Employee Code

Date of Verification

Employee Sign

_______/_______/20_______

Sign of

Applicant

(Sole/First Holder) (Second Holder) (Third Holder)

IN PERSON VERIFICATION

Exclusive E-mail Id for Redressal of Investor grievance : [email protected]

DECLARATION PURSUANT TO NATIONAL STOCK EXCHANGE OF INDIA CIRCULAR BEARING REFERENCE NO.

NSE/INSP/2006 DATED 5th JULY, 2006 AND BOMBAY STOCK EXCHANGE LIMITED CIRCULAR BEARING

REFERENCE NO. 20060704-6 DATED 4th JULY, 2006 READ WITH SEBI CIRCULAR BEARING REFERENCE NUMBER

MIRSD/SE/Cir-19/2009 DATED 3rd DECEMBER, 2009

INDEX

MANDATORY DOCUMENTS

S. NO. DOCUMENT DESCRIPTION PAGE NO.

1. Application For Client Registration - Individual 1 - 3

2. Application For Client Registration - Corporate 4 - 6

3. Member - Client Agreement - NSE 7 - 9

4. Member - Client Agreement - BSE 10 - 12

5. Tripartite Agreement Between Stock Broker, Sub-broker And Client - NSE 13 - 16

6. Tripartite Agreement Between Stock Broker, Sub-broker And Client - BSE 17 - 20

7. Policies & Procedure 21 - 24

8. Combined Risk Disclosure Document (NSE/BSE) 25 - 27

9. Investors’ Rights And Obligations : Annexure - 1 28 - 29

10. Member Constituent Agreement - MCX-SX Currency Derivative 30 - 32

11. Combined Risk Disclosure Document For Currency Derivatives Segment 33 - 35

12. Investors’ Rights And Obligations For Currency Derivative Segment 36 - 37

13. Consent For Proprietary Business 37

NON-MANDATORY DOCUMENTS

S. NO. DOCUMENT DESCRIPTION PAGE NO.

14. Supplemental Member - Client Agreement - BSE (ITORS Trading) 38 - 42

15. Member - Client Agreement For Internet Trading - NSE 43 - 44

16. Adjustment of Balances in Family Accounts 45

17. Representative Authorisation Letter 46

18. Letter of Authority 47

19. Contract Between RR Equity Brokers & Client 48 - 53

20. Running Account Authorisation 54

21. Authorisation For Electronic Contract Notes 55

22. Verbal Order Acceptance Authorisation 56

23. Pledge Authorisation 56

24. Authorisation For Debiting Demat Account Operating Charges 57

25. Authorisation 57

26. Declaration for delivering Trade Confirmations & Contract Notes via SMS 58

27. Format of Board Resolution to be furnished on Letter Head of the Company 58

28. Addendum to the Client Registration Form / Key Information 59

29. Acknowledgement 59

I/We have fully understood the distinction and details regarding the Non-Mandatory/Voluntary/Special Facility documents and do hereby enter and signthe same and agree not to call into question the validity, enforceability and applicability of any voluntary / optional agreement(s)/document(s) or clauseswithin any voluntary/optional agreement(s)/document(s) under any circumstances what so ever.

RR EQUITY BROKERS PVT. LTD.Regd. Office: 133A, 13th Floor, Mittal Towers, Nariman Point, Mumbai-400 021Corp. Office : 47, M.M. Road, Rani Jhansi Marg, New Delhi-110055SEBI Registration No.: NSE Cash-INB231219636, NSE F&O-INF231219636NSE Currency-INE231219636, BSE Cash-INB011219632,MCX-SX Currency-INE261219636

APPLICATION FOR CLIENT REGISTRATION - INDIVIDUAL

Note :The information to be given in the form, is the sole property of RR Equity Brokers Pvt. Ltd. and would not be disclosedto anyone unless required by law or except with the express permission of the client.

Name of Client (Mr. / Ms.) : ..............................................................................................................................................................

Date of Birth : Nationality : ...........................................................

S/o D/o W/o : ..............................................................................................................................................................

Permanent Account Number (PAN) :

Marital Status : ................................................................................................... Sex : Male Female

Residence Address : ..............................................................................................................................................................

(As per address proof attached ..............................................................................................................................................................

City : ........................................................ State : ...........................................................................

Country : ............................................................................... Pin Code :

Telephone No. (with STD/ISD Code) : Mobile : .................................................................... Landline : ......................................................

Fax : ................................................. Email : .....................................................................................

Residential Status : Resident Indian NRI - Repatriable NRI - Non Repatriable

Others (Please Specify) ............................................................................................................

RBI / Authorized Dealer permission : .......................................................................................................................................................................No. (If applicable)

BANK DETAILS

(Through which transaction shall generally be routed)

Bank Name Branch Address A/c Number A/c Type IFSC for NEFT/RTGS SA/CA/NRI/Others

DEPOSITORY ACCOUNT DETAILS


DP Name DP Id Beneficiary Name Beneficiary ID

1

* Copy of cancelled cheque/passbook/bank statement containing name of constituent to be submitted

Please affixyour recent

passport sizephotograph &sign across

OCCUPATION DETAILS

Occupation : Employed Self Employed Business Profession

Housewife Others (Please Specify) ...................................................................Please tick which ever applicable

IF EMPLOYED :

Name of Employer : ................................................................................................................................................................

Address of Employer : ................................................................................................................................................................

City : ........................................................... State : ............................................................................

Country : ............................................................................ Pin Code :

Telephone No. (with STD/ISD Code) : Mobile : ............................................... Landline : .................................. Fax : ...............................

IF SELF EMPLOYED / BUSINESS / PROFESSIONAL / OTHERS :

Name of Establishment : ................................................................................................................................................................

Office Address : ................................................................................................................................................................

City : ........................................................... State : ............................................................................

Country : ............................................................................ Pin Code :

Telephone No. (with STD/ISD Code) : Mobile : ............................................... Landline : .................................. Fax : ...............................

FINANCIAL DETAILS

Income Range (per annum) : (Please tick which ever is applicable)

Below Rs. 1 Lac Between Rs. 1 Lac to Rs. 5 Lacs Between Rs. 5 Lacs to Rs. 10 Lacs

Between Rs. 10 Lacs to Rs. 25 Lacs Above Rs. 25 Lacs

INVESTMENT DETAILS/ TRADING EXPERIENCE

Experience : (Please tick which ever is applicable)

No Prior Experience

In no. of years

____ Year(s) in stock ____ Year(s) in derivatives

____ Year(s) in other investment related fields (Please Specify) ...............................................................................

TRADING PREFERENCE

Stock Exchange on which you wish to trade : (please tick in the relevant boxes)

NSE

MCX-SX

BSE

All

Market Segment on which you wish to trade : (please tick in the relevant boxes)

Cash Market

Currency Derivatives

Derivatives Market

All

2

DETAILS OF REGISTRATION WITH OTHER BROKER

Whether Registered with any other : Yes No

Broker /Sub-broker of any exchanges if yes, please provide details, If registered with Multiple members, provide details of all

Broker’s Name Name of Exchange Client Code

Details of any action taken ever by SEBI/Stock Exchange or any Yes No

other authority for violation of securities laws/other economicoffences If yes, give details (attach annexure if required)

REFERENCES

Introduction : Introduced by another constituent / director or employee of trading member / any other person (please specify)

Name of Introducer : ........................................................................................................................................................................

Identity of Introducer : Client Code (if introduced by client) ........................................................................................................

Employee Code (if introduced by employee ) ........................................................................................

SEBI Registration Number (if introduced by sub broker) ....................................................................

Any other person (please specify) ...........................................................................................................

Address of Introducer : ........................................................................................................................................................................

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

PAN No. of Introducer (if any ) :

Signature of Introducer : ........................................................................................................................................................................

Name & Designation of employee : ........................................................................................................................................................................who interview the client

Signature of employee : ........................................................................................................................................................................

DECLARATION

I hereby declare that all the details furnished above are true and correct to the best of my knowledge and belief and I undertake to informyou of any changes therein immediately. In case any of the above information is found to be false or untrue or misleading or misrepresent-ing I am aware that I may be held liable for it.

Client’s Name : ................................................................ Date :

Place : ................................................................ Signature :

3

APPLICATION FOR CLIENT REGISTRATION - CORPORATE

Note :

The information to be given in the form, is the sole property of RR Equity Brokers Pvt. Ltd. and would not bedisclosed to anyone unless required by law or except with the express permission of the client.

Status : Body Corporate Trust

Bank Others (Please Specify)......................................

Name of the Company/Firm : ..............................................................................................................................................................

Date of Birth :

Date of Commencement of Business :

Nature of Business : ..............................................................................................................................................................

Unique Identification Number : ..............................................................................................................................................................

Registration Number (with ROC, : ..............................................................................................................................................................SEBI or any government authority)

Registered Office Address : ..............................................................................................................................................................

City : ........................................................ State : ...........................................................................

Country : ............................................................................... Pin Code :

Address for Communication : ..............................................................................................................................................................

(Please Attach address proof) City : ........................................................ State : ...........................................................................

Country : ............................................................................... Pin Code :

Nationality : ..............................................................................................................................................................

Telephone No. (with STD/ISD Code) : .......................................................................... Mobile : ....................................................................

Fax.................................................................... PAN :

Email : ..................................................................................................................................................

Please affixyour recent

passport sizephotograph &sign across

DETAILS OF PROMOTERS

Sr. No. Name of Promoters Residential Address

1.

2.

3.

(Please use separate sheet if more than three)

DETAILS OF WHOLE TIME DIRECTOR(S)

Sr. No. Name of Whole Time Director(s) Residential Address

1.

2.

3.


RR EQUITY BROKERS PVT. LTD.Regd. Office: 133A, 13th Floor, Mittal Towers, Nariman Point, Mumbai-400 021Corp. Office : 47, M.M. Road, Rani Jhansi Marg, New Delhi-110055SEBI Registration No.: NSE Cash-INB231219636, NSE F&O-INF231219636NSE Currency-INE231219636, BSE Cash-INB011219632,MCX-SX Currency-INE261219636

4

DETAILS OF AUTHORISED PERSONS TO DEAL IN SECURITIES

Sr. No. Name of Whole Time Director(s) Residential Address

1.

2.

3.


BANK DETAILS


Bank Name Branch Address A/c Number A/c Type IFSC for NEFT/RTGS SA/CA/NRI/Others

DEPOSITORY ACCOUNT DETAILS


DP Name DP Id Beneficiary Name Beneficiary ID

* Copy of cancelled cheque/passbook/bank statement containing name of constituent to be submitted

INVESTMENT DETAILS/ TRADING EXPERIENCE

Experience : (Please tick which ever is applicable)

No Prior Experience

In no. of years

____ Year(s) in stock ____ Year(s) in derivatives

____ Year(s) in other investment related fields (Please Specify) ...............................................................................

TRADING PREFERENCE

Stock Exchange on which you wish to trade : (please tick in the relevant boxes)

NSE

MCX-SX

BSE

All

Market Segment on which you wish to trade : (please tick in the relevant boxes)

Cash Market

Currency Derivatives

Derivatives Market

All

5

DETAILS OF REGISTRATION WITH OTHER BROKER

Whether Registered with any other : Yes No

Broker /Sub-broker of any exchanges if yes, please provide details, If registered with Multiple members, provide details of all

Broker’s Name Name of Exchange Client Code

Details of any action taken ever by SEBI/Stock Exchange or any Yes No

other authority for violation of securities laws/other economicoffences If yes, give details (attach annexure if required)

REFERENCES

Introduction : Introduced by another constituent / director or employee of trading member / any other person (please specify)

Name of Introducer : ........................................................................................................................................................................

Identity of Introducer : Client Code (if introduced by client) ........................................................................................................

Employee Code (if introduced by employee ) ........................................................................................

SEBI Registration Number (if introduced by sub broker) ....................................................................

Any other person (please specify) ...........................................................................................................

Address of Introducer : ........................................................................................................................................................................

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

PAN No. of Introducer (if any ) :

Signature of Introducer : ........................................................................................................................................................................

Name & Designation of employee : ........................................................................................................................................................................who interview the client

Signature of employee : ........................................................................................................................................................................

DECLARATION

I hereby declare that all the details furnished above are true and correct to the best of my knowledge and belief and I undertake to informyou of any changes therein immediately. In case any of the above information is found to be false or untrue or misleading or misrepresentingI am aware that I may be held liable for it.

Client’s Name : ................................................................ Date :

Place : ................................................................ Signature :

6

This agreement is made and executed at.........................this.........................day of...........,20................ between M/s. RR EquityBrokers Pvt. Ltd., a body corporate, incorporated under theprovisions of the companies act, 1956 and having its CorporateOffice : 47, M.M. Road, Rani Jhansi Marg, New Delhi-110055(hereinafter called “the stock broker”) which expression shall,unless repugnant to the context or meaning thereof, be deemedto mean and include its assigns and successors in interest anditself in the capacity of a trading member while trading in the cashsegment, derivatives segment and currency derivatives segment,as the case may be, of the one part;

And

Mr/Ms/M/s ……….......................................................……S/o.......................................................................................an Individual/aSole Proprietary concern/a Partnership Firm/a HUF/a BodyCorporate or any other legal entity registered/ incorporated underthe provisions of the Indian partnership act, 1932/ the companiesact, 1956, whose particulars are given hereunder at the executionpage (hereinafter called “the client”) and having his/its office/registered office at …………............................................……………..........................................................................................................., whichexpression shall, unless repugnant to the context or meaningthereof, be deemed to mean and include his/her heirs, executors,administrators and legal representatives/the partners for the timebeing of the said firm, the survivor or survivors of them, the memberor members for the time being of the Hindu Undivided Family(HUF) and their respective heirs, executors, administrators andlegal representatives/its successors, as the case may be, of theother part;

Whereas the stock broker is registered as the stock broker of theNational Stock Exchange of India Limited (hereinafter referred toas “the exchange”) with the SEBI registration No. INB231219636for cash segment, SEBI registration no. INF231219636 forderivatives segment and INE 231219636 in the currencyderivatives segment.

Whereas the client is desirous of investing / trading in thosesecurities / contracts / other instruments admitted for dealings onthe exchange as defined in the rules, bye-laws and regulations ofthe exchange and circulars issued there under from time to time

Whereas the client has satisfied itself of the capacity of the stockbroker to deal in securities and/or deal in derivatives/currencyderivatives contracts and wishes to execute its orders through thestock broker and the client shall from time to time continue tosatisfy itself of such capability of the stock broker before executingorders through the stock broker.

Whereas the stock broker has satisfied and shall continuouslysatisfy itself about the genuineness and financial soundness ofthe client and investment objectives relevant to the services to beprovided; and

Whereas the stock broker has taken steps and shall take steps to

MEMBER - CLIENT AGREEMENT - NSE

make the client aware of the precise nature of the stock broker’sliability for business to be conducted, including any limitations onthat liability and the capacity in which stock broker acts.

Whereas the stock broker and the client agree to be bound by allthe rules, bye-laws and regulations of the exchange and circularsissued thereunder and rules and regulations of SEBI and relevantnotifications of the government authorities as may be in force fromtime to time.

Now, therefore, in consideration of the mutual understanding asset forth in this agreement, the parties thereto have agreed to thefollowing terms and conditions:

1. The client agrees to immediately notify the stock broker inwriting if there is any change in the information in the ‘clientregistration form’ provided by the client to the stock broker atthe time of opening of the account or at any time thereafter.

2. The stock broker declares that it has brought the contents ofthe risk disclosure document to the notice of client and madehim aware of the. significance of the said document. Theclient agrees that:

A. He has read and understood the risks involved in tradingon a stock exchange.

B. He shall be wholly responsible for all his investmentdecisions and trades.

C. The failure of the client to understand the risk involvedshall not render a contract as void or voidable and theclient shall be and shall continue to be responsible forall the risks and consequences for entering into trades inthe segments in which the client chose to trade.

D. He is liable to pay applicable initial margins, withholdingmargins, special margins or such other margins as areconsidered necessary by the stock broker or theexchange or as may be directed by SEBI from time totime as applicable to the segment(s) in which the clienttrades. The stock broker is permitted in its sole andabsolute discretion to collect additional margins (eventhough not required by the exchange, clearing house/clearing corporation or SEBI) and the client shall beobliged to pay such margins within the stipulated time.

E. Payment of margins by the client does not necessarilyimply complete satisfaction of all dues. In spite ofconsistently having paid margins, the client may, on theclosing of its trade, be obliged to pay (or entitled to receive)such further sums as the contract may dictate/require.

3. The client agrees to pay to the stock broker brokerage andstatutory levies as are prevailing from time to time and asthey apply to the client’s account, transactions and to theservices that stock broker renders to the client. The stock

7

broker agrees that it shall not charge brokerage more thanthe maximum brokerage permissible as per the rules,regulations and bye -laws of the relevant stock exchange/SEBI.

4. The client agrees to abide by the exposure limits, if any, setby the stock broker or by the exchange or clearing corporationor SEBI from time to time.

5. Without prejudice to the stock broker’s other rights (includingthe right to refer a matter to arbitration), the stock broker shallbe entitled to liquidate/close out all or any of the client’spositions for nonpayment of margins or other amounts,outstanding debts, etc. and adjust the proceeds of suchliquidation / close out, if any, -against the client’s liabilities/obligations. Any and all losses and financial charges onaccount of such liquidation/closing-out shall be charged toand borne by the client.

6. The stock broker agrees that the money/ securities depositedby the client shall be kept in a separate account, distinct fromhis/its own account or account of any other client and shallnot be used by the stock broker for himself/itself or for anyother client or for any purpose other than the purposesmentioned in SEBI rules and regulations circulars/ guidelines/exchanges rules/regulations/bye-laws and circulars.

7. The client agrees to immediately furnish information to thestock broker in writing, if any winding up petition or insolvencypetition has been filed or any winding up or insolvency orderor decree or award is passed against him or if any litigationwhich may have material bearing on his capacity has beenfiled against him.

8. The stock broker agrees to inform the client and keep himapprised about trading/settlement cycles, delivery/paymentschedules, any changes therein from time to time, and it shallbe the responsibility in turn of the client to comply with suchschedules/procedures of the relevant stock exchange.

9. In the event of death or insolvency of the client or his/itsotherwise becoming incapable of receiving and paying for ordelivering or transferring securities which the client hasordered to be bought or sold, stock broker may close out thetransaction of the client and claim losses, if any, against theestate of the client. The client or his successors, heirs andassigns shall be entitled to any surplus which may resultthere from.

10. The stock broker agrees that it shall co-operate in redressinggrievances of the client in respect of transactions routedthrough it and in removing objections for bad delivery of shares,rectification of bad delivery, etc. in respect of shares andsecurities delivered/to be delivered or received/to be receivedby the client.

11. The stock broker shall continue to be responsible forreplacing bad deliveries of the client in accordance withapplicable “good & bad delivery norms” even after termination

of the agreement and shall be entitled to recover any lossincurred by him in such connection from the client.

12. The stock broker shall ensure due protection to the clientregarding client’s rights to dividends, rights or bonus shares,etc. in respect of transactions routed through it and it shall notdo anything which is likely to harm the interest of the clientwith whom and for whom it may have had transactions insecurities.

13. The client and the stock broker agree to refer any claims and/or disputes to arbitration as per the rules, byelaws andregulations of the exchange and circulars issued there underas may be in force from time to time.

14. The stock broker hereby agrees that he shall ensure fastersettlement of any arbitration proceedings arising out of thetransactions entered into between him and the client and thathe shall be liable to implement the arbitration awards madein such proceedings.

15. Information about default in payment/delivery and relatedaspects by a client shall be brought to the notice of the relevantstock exchange(s). In case where defaulting client is acorporate entity/partnership/proprietary firm or any otherartificial legal entity, then the name(s) of director(s)/promoter(s)/ partner(s)/ proprietor as the case may be, shallalso be communicated to the relevant stock exchange( s).

16. The stock broker and the client agree to reconcile their accountsat the end of each quarter with reference to all the settlementswhere payouts have been declared during the quarter.

17. The stock broker and the client agree to abide by any awardpassed by the ombudsman under the SEBI (ombudsman)regulations, 2003.

18. The stock broker and the client declare and agree that thetransactions executed on the exchange are subject to rules,byelaws and regulations and circulars issued there under ofthe exchange and all parties to such trade shall havesubmitted to the jurisdiction of such court as may be specifiedby the byelaws and regulations of the exchange for thepurpose of giving effect to the provisions of the rules, byelawsand regulations of the exchange and the circulars issuedthere under.

19. The instructions issued by an authorized representative, ifany, of the client shall be binding on the client in accordancewith the letter authorizing the said representative to deal onbehalf of the said client.

20. Where the exchange cancels trade(s) suo moto all such tradesincluding the trade/s done on behalf of the client shall ipsofacto stand cancelled.

21. This agreement shall forthwith terminate, if the stock brokerfor any reason ceases to be a stock broker of the stock

8

exchange including the cessation of membership by reasonof the stock broker’s default, death, resignation or expulsionor if the certificate issued by the board is cancelled.

22. The stock broker and the client shall be entitled to terminatethis agreement without giving any reasons to the other party,after giving notice in writing of not less than one month to theother parties. Notwithstanding any such termination, all rights,liabilities and obligations of the parties arising out of or inrespect of transactions entered into prior to the termination ofthis agreement shall continue to subsist and vest in /be bindingon the respective parties or his /its respective heirs, executors,administrators, legal representatives or successors, as thecase may be.

23. In addition to the specific rights set out in this agreement, thestock broker and the client shall be entitled to exercise anyother rights which the stock broker or the client may haveunder the rules, bye-laws and regulations of the exchangeand circulars issued there under or rules and regulations ofSEBI.

24. Words and expressions which are used in this agreement,but which are not defined herein shall, unless the contextotherwise requires, have the same meaning as assignedthereto in the rules, byelaws and regulations of the exchange

and circulars issued there under.

25. The provisions of this agreement shall always be subject togovernment notifications, any rules, regulations, guidelinesand circulars issued by SEBI and rules, regulations and byelaws of the relevant stock exchange that may be in force fromtime to time.

26. The stock broker hereby undertakes to maintain the detailsof the client as mentioned in the client registration form or anyother information pertaining to the client in confidence andthat it shall not disclose the same to any person/ authorityexcept as required under any law/regulatory requirements;provided however that the stock broker may so discloseinformation about its his client to any person or authority withthe express permission of the client.

This agreement can be altered, amended and /or modifiedby the parties mutually in writing without derogating from thecontents of this agreement. Provided however, if the rightsand obligations of the parties hereto are altered by virtue ofchange in rules and regulations of SEBI or bye-laws, rulesand regulations of the relevant stock exchange, such changesshall be deemed to have been incorporated herein inmodification of the rights and obligations of the partiesmentioned in this agreement.

IN WITNESS thereof the parties of the Agreement have caused these presents to be executed as of the day and year first above written.

Signed for and on behalf of Stock Broker : Signed for and on behalf of Client :

RR EQUITY BROKERS PVT. LTD.

Member : National Stock Exchange of India Ltd. (NSE)

Regd. Office: 133A, 13th Floor, Mittal Towers,

Nariman Point, Mumbai-400 021

Corp. Office : 47, M.M. Road, Rani Jhansi Marg, New Delhi-55

Tel.: +91-11-23636363-62 Fax : +91-11-23636743

SEBI Registration Number (Capital Market) INB231219636

SEBI Registration Number (Derivative Market) INF231219636

SEBI Registration Number (Currency) INE231219636

For RR Equity Brokers Pvt. Ltd.

Authorised Signatory

WITNESS

1.

2.

Signature(s)

Name

Address

WITNESS

1.

2.

9

MEMBER - CLIENT AGREEMENT - BSE

This agreement is made and executed at.........................this.........................day of...........,20................ between M/s. RR EquityBrokers Pvt. Ltd., a body corporate, incorporated under theprovisions of the companies act, 1956 and having its CorporateOffice : 47, M.M. Road, Rani Jhansi Marg, New Delhi-110055(hereinafter called “the stock broker”) which expression shall,unless repugnant to the context or meaning thereof, be deemedto mean and include its assigns and successors in interest anditself in the capacity of a trading member while trading in the cashsegment of the one part;

And


Witnesseth:

Whereas the stock broker is registered as the stock broker of theBombay Stock Exchange Limited (hereinafter referred to as “theexchange”) with the SEBI registration no. INB011219632 for cashsegment.

Whereas the client is desirous of investing / trading in thosesecurities / contracts / other instruments admitted for dealings onthe exchange as defined in the rules, bye-laws and regulations ofthe exchange and circulars issued there under from time to time

Whereas the client has satisfied itself of the capacity of the stockbroker to deal in securities and/or deal in derivatives contractsand wishes to execute its orders through the stock broker and theclient shall from time to time continue to satisfy itself of suchcapability of the stock broker before executing orders through thestock broker.

Whereas the stock broker has satisfied and shall continuouslysatisfy itself about the genuineness and financial soundness ofthe client and investment objectives relevant to the services to beprovided; and

Whereas the stock broker has taken steps and shall take steps tomake the client aware of the precise nature of the stock broker’sliability for business to be conducted, including any limitations on

that liability and the capacity in which stock broker acts.

Whereas the stock broker and the client agree to be bound by allthe rules, bye-laws and regulations of the exchange and circularsissued thereunder and rules and regulations of SEBI and relevantnotifications of the government authorities as may be in force fromtime to time.


1. The client agrees to immediately notify the stock broker inwriting if there is any change in the information in the ‘clientregistration form’ provided by the client to the stock broker atthe time of opening of the account or at any time thereafter.

2. The stock broker declares that it has brought the contents ofthe risk disclosure document to the notice of client and madehim aware of the significance of the said document. The clientagrees that:

A. He has read and understood the risks involved in tradingon a stock exchange.

B. He shall be wholly responsible for all his investmentdecisions and trades.

C. The failure of the client to understand the risk involvedshall not render a contract as void or voidable and theclient shall be and shall continue to be responsible forall the risks and consequences for entering into trades inthe segments in which the client chose to trade.

D. He is liable to pay applicable initial margins, withholdingmargins, special margins or such other margins as areconsidered necessary by the stock broker or theexchange or as may be directed by SEBI from time totime as applicable to the segment(s) in which the clienttrades. The stock broker is permitted in its sole andabsolute discretion to collect additional margins (eventhough not required by the exchange, clearing house/clearing corporation or SEBI) and the client shall beobliged to pay such margins within the stipulated time.

E. Payment of margins by the client does not necessarilyimply complete satisfaction of all dues. In spite ofconsistently having paid margins, the client may, on theclosing of its trade, be obliged to pay (or entitled to receive)such further sums as the contract may dictate/require.

3. The client agrees to pay to the stock broker brokerage andstatutory levies as are prevailing from time to time and asthey apply to the client’s account, transactions and to theservices that stock broker renders to the client. The stockbroker agrees that it shall not charge brokerage more than

10

the maximum brokerage permissible as per the rules,regulations and bye -laws of the relevant stock exchange/SEBI.

4. The client agrees to abide by the exposure limits, if any, setby the stock broker or by the exchange or clearing corporationor SEBI from time to time.

5. Without prejudice to the stock broker’s other rights (includingthe right to refer a matter to arbitration), the stock broker shallbe entitled to liquidate/close out all or any of the client’spositions for nonpayment of margins or other amounts,outstanding debts, etc. and adjust the proceeds of suchliquidation / close out, if any, against the client’s liabilities/obligations. Any and all losses and financial charges onaccount of such liquidation/closing-out shall be charged toand borne by the client.

6. The stock broker agrees that the money/ securities depositedby the client shall be kept in a separate account, distinct fromhis/its own account or account of any other client and shallnot be used by the stock broker for himself/itself or for anyother client or for any purpose other than the purposesmentioned in SEBI rules and regulations circulars/ guidelines/exchanges rules/regulations/bye-Laws and circulars.


8. The stock broker agrees to inform the client and keep himapprised about trading/settlement cycles, delivery/paymentschedules, any changes therein from time to time, and it shallbe the responsibility in turn of the client to comply with suchschedules/procedures of the relevant stock exchange.

9. In the event of death or insolvency of the client or his/itsotherwise becoming incapable of receiving and paying for ordelivering or transferring securities which the client hasordered to be bought or sold, stock broker may close out thetransaction of the client and claim losses, if any, against theestate of the client. The client or his successors, heirs andassigns shall be entitled to any surplus which may resultthere from.

10. The stock broker agrees that it shall co-operate in redressinggrievances of the client in respect of transactions routedthrough it and in removing objections for bad delivery of shares,rectification of bad delivery, etc. in respect of shares andsecurities delivered/to be delivered or received/to be receivedby the client.

11. The stock broker shall continue to be responsible forreplacing bad deliveries of the client in accordance withapplicable “good & bad delivery norms” even after termination

of the agreement and shall be entitled to recover any lossincurred by him in such connection from the client.

12. The stock broker shall ensure due protection to the clientregarding client’s rights to dividends, rights or bonus shares,etc. in respect of transactions routed through it and it shall notdo anything which is likely to harm the interest of the clientwith whom and for whom it may have had transactions insecurities.

13. The client and the stock broker agree to refer any claims and/or disputes to arbitration as per the rules, byelaws andregulations of the exchange and circulars issued there underas may be in force from time to time.

14. The stock broker hereby agrees that he shall ensure fastersettlement of any arbitration proceedings arising out of thetransactions entered into between him and the client and thathe shall be liable to implement the arbitration awards madein such proceedings.

15. Information about default in payment/delivery and relatedaspects by a client shall be brought to the notice of the relevantstock exchange(s). In case where defaulting client is acorporate entity/partnership/proprietary firm or any otherartificial legal entity, then the name(s) of director(s)/promoter(s)/ partner(s)/ proprietor as the case may be, shallalso be communicated to the relevant stock exchange( s).

16. The stock broker and the client agree to reconcile theiraccounts at the end of each quarter with reference to all thesettlements where payouts have been declared during thequarter.

17. The stock broker and the client agree to abide by any awardpassed by the ombudsman under the SEBI (ombudsman)regulations, 2003.

18. The stock broker and the client declare and agree that thetransactions executed on the exchange are subject to rules,byelaws and regulations and circulars issued there under ofthe exchange and all parties to such trade shall havesubmitted to the jurisdiction of such court as may be specifiedby the byelaws and regulations of the exchange for thepurpose of giving effect to the provisions of the rules, byelawsand regulations of the exchange and the circulars issuedthere under.


20. Where the exchange cancels trade(s) suo moto all such tradesincluding the trade/s done on behalf of the client shall ipsofacto stand cancelled.

11

21. This agreement shall forthwith terminate, if the stock brokerfor any reason ceases to be a stock broker of the stockexchange including the cessation of membership by reasonof the stock broker’s default, death, resignation or expulsionor if the certificate issued by the board is cancelled.

22. The stock broker and the client shall be entitled to terminatethis agreement without giving any reasons to the other party,after giving notice in writing of not less than one month to theother parties. Notwithstanding any such termination, all rights,liabilities and obligations of the parties arising out of or inrespect of transactions entered into prior to the termination ofthis agreement shall continue to subsist and vest in /be bindingon the respective parties or his / its respective heirs, executors,administrators, legal representatives or successors, as thecase may be.

23. In addition to the specific rights set out in this agreement, thestock broker and the client shall be entitled to exercise anyother rights which the stock broker or the client may haveunder the rules, bye-laws and regulations of the exchangeand circulars issued there under or rules and regulations ofSEBI.

24. Words and expressions which are used in this agreement,but which are not defined herein shall, unless the contextotherwise requires, have the same meaning as assigned

thereto in the rules, byelaws and regulations of the exchangeand circulars issued there under.

25. The provisions of this agreement shall always be subject togovernment notifications, any rules, regulations, guidelinesand circulars issued by SEBI and rules, regulations and byelaws of the relevant stock exchange that may be in force fromtime to time.

26. The stock broker hereby undertakes to maintain the detailsof the client as mentioned in the client registration form or anyother information pertaining to the client in confidence andthat it shall not disclose the same to any person/ authorityexcept as required under any law/regulatory requirements;provided however that the stock broker may so discloseinformation about its his client to any person or authority withthe express permission of the client.

This agreement can be altered, amended and /or modifiedby the parties mutually in writing without derogating from thecontents of this agreement Provided however, if the rightsand obligations of the parties hereto are altered by virtue ofchange in rules and regulations of SEBI or bye-laws, rulesand regulations, the relevant stock exchange, such changesshall be deemed to have been incorporated hereinmodification of the rights and obligations of the partiesmentioned in this agreement.




Member : Bombay Stock Exchange Ltd. (BSE)




Tel.: +91-11-23636363-62 Fax : +91-11-23636743




WITNESS

1.

2.

Signature(s)

Name

Address

WITNESS

1.

2.

12

This agreement is made and executed at.........................this.........................day of...........,20................ between M/s. RR EquityBrokers Pvt. Ltd., a body corporate, incorporated under theprovisions of the companies act, 1956 and having its CorporateOffice : 47, M.M. Road, Rani Jhansi Marg, New Delhi-110055(hereinafter called “the stock broker”) which expression shall,unless repugnant to the context or meaning thereof, be deemedto mean and include its assigns and successors in interest anditself in the capacity of a trading member while trading in the cashsegment, as the case may be, of the First part;

And

Mr./Ms.......................................................................................................

an individual/ HUF / Partnership Firm / Corporate / Body ofIndividual whose particulars are given hereunder at the executionpage (hereinafter referred to as the sub-broker) and having his/itsoffice/registered office at………………….........................…....................................................................................................................................................................................…………................…….whichexpression shall, unless repugnant to the context or meaningthereof, be deemed to mean and include his/her heirs, executors,administrators and legal representatives/the partners for the timebeing of the said entity, the survivor or survivors of them theirrespective heirs, executors, administrators and legalrepresentatives/ its successors, as the case may be, of the SecondPart;

And

Mr./Ms.......................................................................................................

an Individual/a Sole Proprietary concern/a Partnership Firm/aHUF/a Body Corporate or any other legal entity registered/incorporated under the provisions of the Indian partnership act,1932/ the companies act, 1956, whose particulars are givenhereunder at the execution page (hereinafter called “the client”)and having his/its office/registered office at..................................................................................................................................................................................................................which expression shall,unless repugnant to the context or meaning thereof, be deemedto mean and include his/her heirs, executors, administrators andlegal representatives/the partners for the time being of the saidfirm, 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 ofstock broking and is a Member of The National StockExchange of India (hereinafter referred to as “the stockexchange”) with SEBI registration Number INB 231219636

2. The sub-broker states that:

TRIPARTITE AGREEMENT BETWEEN STOCK BROKER, SUB-BROKER AND CLIENT -NSE

a) The sub broker is recognized by The National StockExchange of India as a Sub-broker affiliated to the stockbroker of the stock exchange with Sub-broker SEBIregistration Number (s) as specified in schedule.

b) The sub-broker is not affiliated to any other stockbroker of the same stock exchange,

c) The sub-broker has the necessary infrastructure likeadequate office space, equipment and manpower toeffectively discharge his/its activities.

3. The Client is registered with the sub-broker as a client forpurpose of availing broking services through the sub-brokeraffiliated to the stock broker and is desirous of investing/tradingin those securities/contracts/other instruments admitted todealings on the Exchange as defined in the Rules, Byelawsand Regulations of the Exchange and circulars issuedthereunder from time to time. A copy of the Client Registrationform is annexed hereto.

4. Whereas the stock broker has satisfied and shall continuouslysatisfy itself about the genuineness and financial soundnessof the client and investment objectives relevant to the servicesto be provided; and

5. Whereas the stock broker has taken steps and shall takesteps to make the client aware of the precise nature of thestock broker’s/sub broker’s liability for business to beconducted, including any limitations, the liability and thecapacity in which the stock broker/sub broker acts.

NOW THIS AGREEMENT WITNESSETH AND IT IS HEREBYAGREED BY AND BETWEEN STOCK BROKER, SUB-BROKER AND CLIENT AS UNDER:

1. The stock broker and sub broker hereby acknowledge andconfirm that the sub-broker is affiliated to the stock brokerand that the sub-broker shall within the scope of the authoritygiven under these presents, be entitled to act as a ‘sub-broker’within the meaning and subject to SEBI (Stock Brokers andSub-Brokers) Rules, 1992 and SEBI (Stock Brokers and Sub-Brokers) Regulations 1992 (hereinafter referred to as thesaid “Rules” and “Regulations” respectively) as amendedfrom time to time, for assisting the client in buying, selling ordealing in securities through the stock broker.

2. The stock broker, the sub-broker and the client agree thatthey shall abide by all the statutory Responsibilities andobligations imposed on them by the rules, regulations and /or any other rules or regulations applicable to the stockbrokers, the sub-brokers and the clients in general eitherframed by SEBI or by the relevant stock exchange/clearing

13

corporation and/or any Government Circulars.

3. The stock broker and the sub broker declare that they havebrought the contents of the risk disclosure document to thenotice of client and made him aware of the significance of thesaid document. The client agrees that:

a. He has read and understood the risks involved in tradingon a stock exchange.

b. He shall be wholly responsible for all his investmentdecisions and trades.

c. The failure of the client to understand the risk involvedshall not render a contract as void or voidable and theclient shall be and shall continue to be responsible forall the risks and consequences for entering into trades inthe segments in which the client chose to trade.

d. He is liable to pay applicable initial margins, withholdingmargins, special margins or such other margins as areconsidered necessary by the stock broker or theExchange or as may be directed by SEBI from time totime as applicable to the segment(s) in which the clienttrades. The stock broker is permitted in its sole andabsolute discretion to collect additional margins (eventhough not required by the Exchange, Clearing House/Clearing Corporation or SEBI) and the client shall beobliged to pay such margins within the stipulated time.

e. Payment of margins by the client does not necessarilyimply complete satisfaction of all dues. In spite ofconsistently having paid margins, the client may, on theclosing of its trade, be obliged to pay (or entitled to receive)such further sums as the contract may dictate/require.

4. The Client agrees to pay to the stock Broker brokerage andstatutory levies as are prevailing from time to time and asthey apply to the Client’s account, transactions and to theservices that stock broker \the sub-broker renders to the Client.The stock broker agrees that it shall not charge brokeragemore than the maximum brokerage permissible as per therules, regulations and byelaws of the relevant stock exchange/SEBI.

5. The stock broker and the sub broker agree that they shall co-operate and help each other in redressing grievances of theclient in respect of transactions routed through them and inremoving objections for bad delivery of shares, rectificationof bad delivery, etc. in respect of shares and securitiesdelivered/to be delivered or received/to be received by theclients of sub-broker from the member and vice-versa.

6. The stock broker shall continue to be responsible forreplacing bad deliveries of the client in accordance withapplicable “Good & bad delivery norms” even aftertermination of the agreement and shall be entitled to recover

any loss incurred by him in such connection from the client.

7. The stock broker agrees that the money/securities depositedby the client shall be kept in a separate account, distinct fromhis/its own account or account of any other client and shallnot be used by the stock broker for himself/itself or for anyother client or for any purpose other than the purposesmentioned in SEBI Rules and Regulations circulars/guidelines/Exchanges Rules/Regulations/Bye-Laws andcirculars.

8. The stock broker and the Sub-broker agree that each of themshall ensure due protection to the client regarding client’srights to dividends, rights or bonus shares, etc. in respect oftransactions routed through them and they shall not jointly orseverally do anything which is likely to harm the interest ofthe client with whom and for whom they may have hadtransactions in securities.

9. The stock broker agrees to inform the sub-broker/client andkeep them apprised about trading/settlement cycles, delivery/payment schedules, any changes therein from time to time,and it shall be the responsibility in turn of the sub-broker/client to comply with such schedules/ procedures of therelevant stock exchange.

10. The sub broker will provide assistance to stock broker andclient to reconcile their accounts at the end of each quarterwith reference to all the settlements where payouts have beendeclared during the quarter.

11. The stock broker shall Issue, individually for each client ‘ofhis sub broker, contract notes in the format prescribed by therelevant stock exchange. The sub-broker shall rendernecessary assistance to his client in obtaining the contractnote from the stock broker.

12. The stock broker, the sub-broker and the client agree to abideby any award passed by the Ombudsman under the SEBI(Ombudsman) Regulations, 2003.

13. The client and the stock broker agree to refer any claims and/or disputes to arbitration as per the Rules, Byelaws andRegulations of the Exchange and circulars issued thereunderas may be in force from time to time.

14. The stock broker and the sub-broker hereby agree that theywill assist and co-operate with each other in ensuring fastersettlement of any arbitration proceedings arising out of thetransactions entered into between them vis-a-vis the clientand they shall be jointly or severally liable to implement thearbitration awards made in such proceedings. In case of anaward against a sub broker, if the sub broker fails to implementthe award, the stock broker shall be liable to implement the

14

same and would be entitled to recover the same from the subbroker.

15. The stock broker and the sub-broker hereby agree that alltransactions in securities on behalf of the clients of the sub-broker shall be settled by delivery and/or payment, betweenthe stock broker and the client in accordance with theprovisions of rules, bye-laws and regulations of the relevantstock exchange on which the transactions took place andsubject to the procedures for settlement of transactions laiddown by the relevant stock exchange from time to time.

16. Information about default in payment/delivery and relatedaspects-by a client, including that of a sub broker as a clientshall be brought to the notice of the relevant stock Exchange(s)by the stock broker. In case where defaulting sub broker/client is a corporate entity/partnership/proprietary firm or anyother artificial legal entity, then the name( s) of director(s)/promoter(s)/ Partner(s)/ proprietor as the case may be, shallalso be communicated to the relevant stock exchange(s) bythe stock broker.

17. The stock broker, the sub-broker or the client shall be entitledto terminate this agreement without giving any reasons to theother party, after giving notice in writing of not less than onemonth to the other parties at their respective addressesmentioned below. Notwithstanding any such termination, allrights, liabilities and obligations of the parties arising out of orin respect of transactions entered into prior to the terminationof this agreement shall continue to subsist and vest in /bebinding on the respective parties or his/its respective heirs,executors, administrators, legal representatives orsuccessors, as the case maybe.

18. In the event of sub broker terminating this agreement and/ortermination of the agreement with the sub broker by the stockbroker, for any reason whatsoever, the client shall be informedof such termination and the client shall be deemed to be thedirect client of the stock broker and all clauses in theagreement governing the client and stock broker shallcontinue to be in force as it is, unless the client intimates tothe stock broker his/its intention to terminate the agreementby giving a notice in writing of not less than one month.

19. This agreement shall forthwith terminate;

(I) if the stock broker for any reason ceases to be a stockbroker of the stock exchange including cessation ofmembership by reason of the stock broker’s default,death, resignation or expulsion or if the certificate issuedby the Board is cancelled;

(ii) upon the demise/insolvency of the sub-broker or thecancellation of his/its registration with the Board or /withdrawal of recognition of the sub-broker by the stockexchange. Provided however, in such an event, the clientshall be informed of such termination and the client shall

be deemed to be the direct client of the stock broker andall clauses in the agreement governing the client andstock broker shall continue to be in force as it is, unlessthe client intimate to the stock broker or the stock brokerintimates to the client his/its intention to terminate theagreement by giving one month notice in writing.

20. The provisions of this agreement shall always be subject toGovernment notifications, any rules, regulations, guidelinesand circulars issued by SEBI and Rules, Regulations andBye laws of the relevant stock exchange that may be in forcefrom time to time.

21. In the event of death or insolvency of the client or his/itsotherwise becoming incapable of receiving and paying for ordelivering or transferring securities which the client hasordered to be bought or sold, stock broker may close out thetransaction of the client and claim losses, if any, against theestate of the client. The client or his successors, heirs andassigns shall be entitled to any surplus which may resulttherefrom.

22. Without prejudice to the stock broker’s other rights (includingthe right to refer a matter to arbitration), the stock broker shallbe entitled to liquidate/close out all or any of the client’spositions for non-payment of margins or other amounts,outstanding debts, etc. and adjust the proceeds of suchliquidation / close out, if any, against the client’s liabilities/obligations. Any and all losses and financial charges onaccount of such liquidation/closing out shall be charged toand borne by the client.

23. The stock broker and the client declare and agree that thetransactions executed on the Exchange are subject to Rules,Byelaws and Regulations and circulars issued thereunder ofthe Exchange and all parties to such trade shall havesubmitted to the jurisdiction of such court as may be specifiedby the Byelaws and Regulations of the Exchange for thepurpose of giving effect to the provisions of the Rules, Byelawsand Regulations of the Exchange and the circulars issuedthereunder.

24. Where the exchange cancels trade(s) suo moto all such tradesincluding the trade/s done on behalf of the client shall ipsofacto stand cancelled, stock broker shall be entitled to cancelthe respective contract(s) with client(s).


26. The client agrees to immediately notify the stock broker/subbroker in writing if there is any change in the information in

15

the ‘client registration form’ provided by the client to the stockbroker/sub broker at the time of opening of the account or atany time thereafter.

27. The client agrees to abide by the exposure limits, if any, setby the stock broker or by the Exchange or ClearingCorporation or SEBI from time to time.

28. In addition to the specific rights set out in this Agreement, thestock broker, the sub-broker and the client shall be entitled toexercise any other rights which the stock broker, sub brokeror the client may have under the Rules, Bye -laws andRegulations of the Exchange and circulars issued thereunderor Rules and Regulations of SEBI.

29. The stock broker and the sub-broker hereby undertake tomaintain the details of the client as mentioned in the clientregistration form or any other information pertaining to theclient in confidence and that they shall not disclose the sameto any person/authority except as required under any law/regulatory requirements: Provided however that the stockbroker or sub-broker may so disclose information about hisclient to any person or authority with the express permissionof the client.


31. Words and expressions which are used in this Agreement,but which are not defined herein shall, unless the contextotherwise requires, have the same meaning as assignedthereto in the Rules, Byelaws and Regulations of theExchange and circulars issued thereunder.

This agreement can be altered, amended and /or modifiedby the parties mutually in writing without derogating from thecontents of this Agreement. Provided however, if the rightsand obligations of the parties hereto are altered by virtue ofchange in Rules and regulations of SEBI or Bye-laws, Rulesand Regulations of the relevant Stock exchange, suchchanges shall be deemed to have been incorporated hereinin modification of the rights and obligations of the partiesmentioned in this agreement.

IN WITNESS WHEREOF the parties hereto have set their hands and signatures on the day, month and year first above written.

Signed for and on behalf of Stock Broker :


Member : NSE



Corp. Office : 47, M.M. Road, Rani Jhansi Marg,

New Delhi-55 Tel.: +91-11-23636363-62

Fax : +91-11-23636743

SEBI Regn(CM) INB231219636

SEBI Regn. (F&O) INF231219636

SEBI Regn. (CD) INE231219636



WITNESS

1.

2.

Signature(s)

Name

Address

SEBI Regn. No.:

WITNESS

1.

2.

Signed for and on behalf of Sub-Broker : Signed for and on behalf of Client :

Signature(s)

Name

Address

WITNESS

1.

2.

16

TRIPARTITE AGREEMENT BETWEEN STOCK BROKER, SUB-BROKER AND CLIENT -BSE

This agreement is made and executed at.........................this.........................day of...........,20................ between M/s. RR EquityBrokers Pvt. Ltd., a body corporate, incorporated under theprovisions of the companies act, 1956 and having its CorporateOffice : 47, M.M. Road, Rani Jhansi Marg, New Delhi-110055(hereinafter called “the stock broker”) which expression shall,unless repugnant to the context or meaning thereof, be deemed tomean and include its assigns and successors in interest and itselfin the capacity of a trading member while trading in the cashsegment, as the case may be, of the First part;

And

Mr./Ms.......................................................................................................

an individual/ HUF / Partnership Firm / Corporate / Body ofIndividual whose particulars are given hereunder at the executionpage (hereinafter referred to as the sub-broker) and having his/itsoffice/registered office at………………….........................…....................................................................................................................................................................................…………................…….whichexpression shall, unless repugnant to the context or meaningthereof, be deemed to mean and include his/her heirs, executors,administrators and legal representatives/the partners for the timebeing of the said entity, the survivor or survivors of them theirrespective heirs, executors, administrators and legalrepresentatives/ its successors, as the case may be, of the SecondPart;

And

Mr./Ms.......................................................................................................

an Individual/a Sole Proprietary concern/a Partnership Firm/a HUF/a Body Corporate or any other legal entity registered/ incorporatedunder the provisions of the Indian partnership act, 1932/ thecompanies act, 1956, whose particulars are given hereunder atthe execution page (hereinafter called “the client”) and having his/its office/registered office at......................................................................................................................................................................................................................................................which expression shall,unless repugnant to the context or meaning thereof, be deemed tomean and include his/her heirs, executors, administrators andlegal representatives/the partners for the time being of the saidfirm, 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 ofstock broking and is a Member of The Bombay StockExchange Ltd., (hereinafter referred to as “the stockexchange”) with SEBI registration Number INB 011219632

2. The sub-broker states that:

a) The sub broker is recognized by The Bombay StockExchange as a Sub-broker affiliated to the stock broker ofthe stock exchange with Sub-broker SEBI registrationNumber(s) as specified in schedule.

b) The sub-broker is not affiliated to any other stock brokerof the same stock exchange,

c) The sub-broker has the necessary infrastructure likeadequate office space, equipment and manpower toeffectively discharge his/its activities.

3. The Client is registered with the sub-broker as a client forpurpose of availing broking services through the sub-brokeraffiliated to the stock broker and is desirous of investing/tradingin those securities/contracts/other instruments admitted todealings on the Exchange as defined in the Rules, Byelawsand Regulations of the Exchange and circulars issuedthereunder from time to time. A copy of the Client Registrationform is annexed hereto.

4. Whereas the stock broker has satisfied and shall continuouslysatisfy itself about the genuineness and financial soundnessof the client and investment objectives relevant to the servicesto be provided; and

5. Whereas the stock broker has taken steps and shall takesteps to make the client aware of the precise nature of thestock broker’s/sub broker’s liability for business to beconducted, including any limitations, the liability and thecapacity in which the stock broker/sub broker acts.

NOW THIS AGREEMENT WITNESSETH AND IT IS HEREBYAGREED BY AND BETWEEN STOCK BROKER, SUB BROKERAND CLIENT AS UNDER:

1. The stock broker and sub broker hereby acknowledge andconfirm that the sub-broker is affiliated to the stock broker andthat the sub-broker shall within the scope of the authority givenunder these presents, be entitled to act as a ‘sub-broker’ withinthe meaning and subject to SEBI (Stock Brokers and Sub-Brokers) Rules, 1992 and SEBI (Stock Brokers and Sub-Brokers) Regulations 1992 (hereinafter referred to as the said“Rules” and “Regulations” respectively) as amended from timeto time, for assisting the client in buying, selling or dealing insecurities through the stock broker.

2. The stock broker, the sub-broker and the client agree thatthey shall abide by all the statutory responsibilities andobligations imposed on them by the rules, regulations and / orany other rules or regulations applicable to the stock brokers,the sub-brokers and the clients in general either framed by

17

SEBI or by the relevant stock exchange/clearing corporationand/or any Government Circulars.

3. The stock broker and the sub broker declare that they havebrought the contents of the risk disclosure document to thenotice of client and made him aware of the significance of thesaid document. The client agrees that:

a. He has read and understood the risks involved in tradingon a stock exchange.


c. The failure of the client to understand the risk involvedshall not render a contract as void or voidable and theclient shall be and shall continue to be responsible for allthe risks and consequences for entering into trades inthe segments in which the client chose to trade.

d. He is liable to pay applicable initial margins, withholdingmargins, special margins or such other margins as areconsidered necessary by the stock broker or theExchange or as may be directed by SEBI from time totime as applicable to the segment(s) in which the clienttrades. The stock broker is permitted in its sole andabsolute discretion to collect additional margins (eventhough not required by the Exchange, Clearing House/Clearing Corporation or SEBI) and the client shall beobliged to pay such margins within the stipulated time.

e. Payment of margins by the client does not necessarilyimply complete satisfaction of all dues. In spite ofconsistently having paid margins, the client may, on theclosing of its trade, be obliged to pay (or entitled to receive)such further sums as the contract may dictate/require.

4. The Client agrees to pay to the stock Broker brokerage andstatutory levies as are prevailing from time to time and as theyapply to the Client’s account, transactions and to the servicesthat stock broker \the sub-broker renders to the Client. Thestock broker agrees that it shall not charge brokerage morethan the maximum brokerage permissible as per the rules,regulations and byelaws of the relevant stock exchange/SEBI.

5. The stock broker and the sub broker agree that they shall co-operate and help each other in redressing grievances of theclient in respect of transactions routed through them and inremoving objections for bad delivery of shares, rectification ofbad delivery, etc. in respect of shares and securities delivered/to be delivered or received/to be received by the clients of.sub-broker from the member and vice-versa.

6. The stock broker shall continue to be responsible for replacingbad deliveries of the client in accordance with applicable“Good & bad delivery norms” even after termination of theagreement and shall be entitled to recover any loss incurred

by him in such connection from the client.

7. The stock broker agrees that the money/securities depositedby the client shall be kept in a separate account, distinct fromhis/its own account or account of any other client and shall notbe used by the stock broker for himself/itself or for any otherclient or for any purpose other than the purposes mentionedin SEBI Rules and Regulations circulars/ guidelines/Exchanges Rules/Regulations/Bye-laws and circulars.

8. The stock broker and the Sub-broker agree that each of themshall ensure due protection to the client regarding client’srights to dividends, rights or bonus shares, etc. in respect oftransactions routed through them and they shall not jointly orseverally do anything which is likely to harm the interest of theclient with whom and for whom they may have had transactionsin securities.

9. The stock broker agrees to inform the sub broker/client andkeep them apprised about trading/settlement cycles, delivery/payment schedules, any changes therein from time to time,and it shall be the responsibility in turn of the sub-broker/client to comply with such schedules/ procedures of therelevant stock exchange.

10. The sub broker will provide assistance to stock broker andclient to reconcile their accounts at the end of each quarterwith reference to all the settlements where payouts have beendeclared during the quarter.

11. The stock broker shall issue, individually for each client of hissub broker, contract notes in the format prescribed by therelevant stock exchange. The sub-broker shall rendernecessary assistance to his client in obtaining the contractnote from the stock broker.

12. The stock broker, the sub-broker and the client agree to abideby any award passed by the Ombudsman under the SEBI(Ombudsman) Regulations, 2003.

13. The client and the stock broker agree to refer any claims and/or disputes to arbitration as per the Rules, Byelaws andRegulations of the Exchange and circulars issued thereunderas may be in force from time to time.

14. The stock broker and the sub-broker hereby agree that theywill assist and co-operate with each other in ensuring fastersettlement of any arbitration proceedings arising out of thetransactions entered into between them vis-a-vis the clientand they shall be jointly or severally liable to implement thearbitration awards made in such proceedings. In case of anaward against a sub broker, if the sub broker fails to implementthe award, the stock broker shall be liable to implement thesame and would be entitled to recover the same from the subbroker.

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15. The stock broker and the sub-broker hereby agree that alltransactions in securities on behalf of the clients of the sub-broker shall be settled by delivery and/or payment, betweenthe stock broker and the client in accordance with theprovisions of rules, bye-laws and regulations of the relevantstock exchange on which the transactions took place andsubject to the procedures for settlement of transactions laiddown by the relevant stock exchange from time to time.

16. Information about default in payment/delivery and relatedaspects by a client, including that of a sub broker as a clientshall be brought to the notice of the relevant stock Exchange(s)by the stock broker. In case where defaulting sub broker/clientis a corporate entity/partnership/proprietary firm or any otherartificial legal entity, then the name(s) of director(s)/ promoter(s)/Partner(s)/proprietor as the case may be, shall also becommunicated to the relevant stock exchange(s) by the stockbroker.

17. The stock broker, the sub-broker or the client shall be entitledto terminate this agreement without giving any reasons to theother party, after giving notice in writing of not less than onemonth to the other parties at their respective addressesmentioned below. Notwithstanding any such termination, allrights, liabilities and obligations of the parties arising out of orin respect of transactions entered into prior to the terminationof this agreement shall continue to subsist and vest in /bebinding on the respective parties or his/its respective heirs,executors, administrators, legal representatives or successors,as the case maybe.

18. In the event of sub broker terminating this agreement and/ortermination of the agreement with the sub broker by the stockbroker, for any reason whatsoever, the client shall be informedof such termination and the client shall be deemed to be thedirect client of the stock broker and all clauses in theagreement governing the client and stock broker shallcontinue to be in force as it is, unless the client intimates to thestock broker his/its intention to terminate the agreement bygiving a notice in writing of not less than one month.

19. This agreement shall forthwith terminate;

(I) if the stock broker for any reason ceases to be a stockbroker of the stock exchange including cessation ofmembership by reason of the stock broker’s default, death,resignation or expulsion or if the certificate issued by theBoard is cancelled;

(ii) upon the demise/insolvency of the sub-broker or thecancellation of his/its registration with the Board or /withdrawal of recognition of the sub-broker by the stockexchange. Provided however, in such an event, the clientshall be informed of such termination and the client shallbe deemed to be the direct client of the stock broker andall clauses in the agreement governing the client and

stock broker shall continue to be in force as it is, unlessthe client intimate to the stock broker or the stock brokerintimates to the client his/its intention to terminate theagreement by giving one month notice in writing.

20. The provisions of this agreement shall always be subject toGovernment notifications, any rules, regulations, guidelinesand circulars issued by SEBI and Rules, Regulations andBye laws of the relevant stock exchange that may be in forcefrom time to time.

21. In the event of death or insolvency of the client or his/itsotherwise becoming incapable of receiving and paying for ordelivering or transferring securities which the client hasordered to be bought or sold, stock broker may close out thetransaction of the client and claim losses, if any, against theestate of the client. The client or his successors, heirs andassigns shall be entitled to any surplus which may resulttherefrom.

22. Without prejudice to the stock broker’s other rights (includingthe right to refer a matter to arbitration), the stock broker shallbe entitled to liquidate/close out all or any of the client’spositions for non-payment of margins or other amounts,outstanding debts, etc. and adjust the proceeds of suchliquidation / close out, if any, against the client’s liabilities/obligations. Any and all losses and financial charges onaccount of such liquidation/closing out shall be charged toand borne by the client.

23. The stock broker and the client declare and agree that thetransactions executed on the Exchange are subject to Rules,Byelaws and Regulations and circulars issued thereunder ofthe Exchange and all parties to such trade shall have submittedto the jurisdiction of such court as may be specified by the Byelawsand Regulations of the Exchange for the purpose of giving effectto the provisions of the Rules, Byelaws and Regulations of theExchange and the circulars issued thereunder.

24. Where the Exchange cancels trade(s) suo moto all such tradesincluding the trade/s done on behalf of the client shall ipsofacto stand cancelled, stock broker shall be entitled to cancelthe respective contract(s) with client(s).


26. The client agrees to immediately notify the stock broker/subbroker in writing if there is any change in the information in the‘client registration form’ provided by the client to the stockbroker/sub broker at the time of opening of the account or at

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any time thereafter.

27. The client agrees to abide by the exposure limits, if any, set bythe stock broker or by the Exchange or Clearing Corporationor SEBI from time to time.

28. In addition to the specific rights set out in this Agreement, thestock broker, the sub-broker and the client shall be entitled toexercise any other rights which the stock broker, sub broker orthe client may have under the Rules, Bye -laws andRegulations of the Exchange and circulars issued thereunderor Rules and Regulations of SEBI.

29. The stock broker and the sub-broker hereby undertake tomaintain the details of the client as mentioned in the clientregistration form or any other information pertaining to theclient in confidence and that they shall not disclose the sameto any person/authority except as required under any law/regulatory requirements: Provided however that the stockbroker or sub-broker may so disclose information about hisclient to any person or authority with the express permissionof the client.

30. The client agrees to immediately furnish information to the

stock broker in writing, if any winding up petition or insolvencypetition has been filed or any winding up or insolvency orderor decree or award is passed against him or if any litigationwhich may have material bearing on his capacity has beenfiled against him.

31. Words and expressions which are used in this Agreement,but which are not defined herein shall, unless the contextotherwise requires, have the same meaning as assignedthereto in the Rules, Byelaws and Regulations of the Exchangeand circulars issued thereunder.

This agreement can be altered, amended and /or modified bythe parties mutually in writing without derogating from thecontents of this Agreement. Provided however, if the rightsand obligations of the parties hereto are altered by virtue ofchange in Rules and regulations of SEBI or Bye-laws, Rulesand Regulations of the relevant Stock exchange, suchchanges shall be deemed to have been incorporated hereinin modification of the rights and obligations of the partiesmentioned in this agreement.

IN WITNESS WHEREOF the parties hereto have set their hands and signatures on the day, month and year first above written.

Signed for and on behalf of Stock Broker :


Member : BSE



Corp. Office : 47, M.M. Road, Rani Jhansi Marg,

New Delhi-55 Tel.: +91-11-23636363-62

Fax : +91-11-23636743

SEBI Regn(CM) INB011219632



WITNESS

1.

2.

Signature(s)

Name

Address

SEBI Regn. No.:

WITNESS

1.

2.

Signed for and on behalf of Sub-Broker : Signed for and on behalf of Client :

Signature(s)

Name

Address

WITNESS

1.

2.

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1. Refusal of orders for penny / illiquid stock

The stock broker may from time to time limit (quantity/ value) /refuse orders in one or more securities due to various reasonsincluding market liquidity, value of security(ies), the orderbeing for securities which are not in the permitted list of thestock broker / exchange(s) / SEBI. Provided further that stockbroker may require compulsory settlement / advance paymentof expected settlement value/ delivery of securities forsettlement prior to acceptance / placement of order(s) as well.The client agrees that the losses, if any on account of suchrefusal or due to delay caused by such limits, shall be borneexclusively by the client alone.

The stock broker may require reconfirmation of orders, whichare larger than that specified by the stock broker’s riskmanagement, and is also aware that the stock broker has thediscretion to reject the execution of such orders based on itsrisk perception.

2. Setting up client’s exposure limits and conditions underwhich a client may not be allowed to take further positionor the broker may close the existing position of a client

The stock broker may from time to time impose and vary limitson the orders that the client can place through the stockbroker’s trading system (including exposure limits, turnoverlimits, limits as to the number, value and/or kind of securitiesin respect of which orders can be placed etc.). The client isaware and agrees that the stock broker may need to vary orreduce the limits or impose new limits urgently on the basis ofthe stock broker’s risk perception and other factors consideredrelevant by the stock broker including but not limited to limitson account of exchange/ SEBI directions/limits ( such as brokerlevel/ market level limits in security specific / volume specificexposures etc.) , and the stock broker may be unable to informthe client of such variation, reduction or imposition in advance.The client agrees that the stock broker shall not be responsiblefor such variation, reduction or imposition or the client’sinability to route any order through the stock broker’s tradingsystem on account of any such variation, reduction orimposition of limits. The client further agrees that the stockbroker may at any time, at its sole discretion and without priornotice, prohibit or restrict the client’s ability to place orders ortrade in securities through the stock broker, or it may subjectany order placed by the client to a review before its entry intothe trading systems and may refuse to execute / allowexecution of orders due to but not limited to the reason of lackof margin / securities or the order being outside the limits setby stock broker / exchange/ SEBI and any other reasons whichthe stock broker may deem appropriate in the circumstances.The client agrees that the losses, if any on account of suchrefusal or due to delay caused by such review, shall be borne

POLICIES & PROCEDURE

exclusively by the client alone.

The stock broker is required only to communicate / advise theparameters for the calculation of the margin / securityrequirements as rate(s) / percentage(s) of the dealings,through anyone or more means or methods such as post /speed post / courier / registered post / registered A.D / facsimile/ telegram / cable / e-mail / voice mails / telephone (telephoneincludes such devices as mobile phones etc.) including SMSon the mobile phone or any other similar device; by messagingon the computer screen of the client’s computer; by informingthe client through employees / agents of the stock broker; bypublishing / displaying it on the website of the stock broker /making it available as a download from the website of thestock broker; by displaying it on the notice board of the branch/ office through which the client trades or if the circumstances,so require, by radio broadcast / television broadcast /newspapers advertisements etc; or any other suitable orapplicable mode or manner. The client agrees that the postaldepartment / the courier company /newspaper company andthe e-mail / voice mail service provider and such other serviceproviders shall be the agent of the client and the delivery shallbe complete when communication is given to the postaldepartment / the courier company / the e-mail/voice mailservice provider, etc. by the stock broker and the client agreesnever to challenge the same on any grounds including delayedreceipt / non receipt or any other reasons whatsoever andonce parameters for margin / security requirements are socommunicated, the client shall monitor his / her / its position(dealings / trades and valuation of security) on his / her / itsown and provide the required / deficit margin / security forthwithas required from time to time whether or not any margin call orsuch other separate communication to that effect is sent bythe stock broker to the client and /or whether or not suchcommunication is received by the client.

The client is not entitled to trade without adequate margin /security and that it shall be his / her / its responsibility toascertain beforehand the margin / security requirements forhis/ her /its orders / trades / deals and to ensure that the requiredmargin / security is made available to the stock broker in suchform and manner as may be required by the stock broker. Ifthe client’s order is executed despite a shortfall in the availablemargin, the client, shall, whether or not the stock brokerintimates such shortfall in the margin to the client, make upthe shortfall suo moto immediately. The client further agreesthat he /she / it shall be responsible for all orders (includingany orders that may be executed without the required marginin the client’s account) & / or any claim /loss/ damage arisingout of the non availability /shortage of margin /security requiredby the stock broker & / or exchange & / or SEBI.

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The stock broker is entitled to vary the form (Le., thereplacement of the margin / security in one form with the margin/ security in any other form, say, in the form of money insteadof shares) & / or quantum & / or percentage of the margin & / orsecurity required to be deposited / made available, from timeto time.

The margin / security deposited by the client with the stockbroker are not eligible for any interest.

The stock broker is entitled to include / appropriate any / allpayout of funds & / or securities towards margin / securitywithout requiring specific authorizations for each payout.

The stock broker is entitled to transfer funds &/ or securitiesfrom his account for one exchange & / or one segment of theexchange to his / her / its account for another exchange & / oranother segment of the same exchange whenever applicableand found necessary by the stock broker. The client alsoagrees and authorises the stock broker to treat / adjust his/her / its margin / security lying in one exchange & / or onesegment of the exchange / towards the margin / security / payin requirements of another exchange & / or another segmentof the exchange.

The stock broker is entitled to disable / freeze the account & /or trading facility / any other service. facility, if, in the opinion ofthe stock broker, the client has committed a crime / fraud orhas acted in contradiction of this agreement or / is likely toevade / violate any laws, rules, regulations, directions of alawful authority whether Indian or foreign or if the stock brokerso apprehends.

3. Applicable brokerage rate

The stock broker is entitled to charge brokerage within thelimits imposed by exchange which at present is as under:

a. For Cash Market Segment: The maximum brokeragechargeable in relation to trades effected in the securitiesadmitted to dealings on the Capital Market segment ofthe Exchange shall be 2.5 % of the contract priceexclusive of statutory levies. It is hereby further clarifiedthat where the sale / purchase value of a share is Rs.10/- or less, a maximum brokerage of 25 paise per sharemay be collected.

b. For Option contracts: Brokerage for option contractsshall be charged on the premium amount at which theoption contract was bought or sold and not on the strikeprice of the option contract.

It is hereby clarified that brokerage charged on optionscontracts shall not exceed 2.5% of the premium amountor Rs 100/- (per lot) whichever is higher.

4 . Imposition of penalty / delayed payment charges

The client agrees that any amounts which are overdue fromthe client towards trading or on account of any other reason tothe stock broker will be charged with delayed payment chargesat such rates as may be determined by the stock broker.

The client agrees that the stock broker may impose fines /penalties for any orders / trades / deals / actions of the clientwhich are contrary to this agreement / rules / regulations / byelaws of the exchange or any other law for the time being inforce, at such rates and in such form as it may deem fit. Furtherwhere the stock broker has to pay any fine or bear anypunishment from any authority in connection with / as aconsequence of / in relation to any of the orders / trades /deals / actions of the client, the same shall be borne by theclient.

The client agrees to pay to the stock broker brokerage,commission, fees, all taxes, duties, levies imposed by anyauthority including but not limited to the stock exchanges(including any amount due on account of reassessment /backlogs etc.), transaction expenses, incidental expenses suchas postage, courier etc. as they apply from time to time to theclient’s account / transactions / services that the client availsfrom the stock broker.

5. The right to sell clients’ securities or close clients’positions, without giving notice to the client, on accountof non-payment of client’s dues

The stock broker maintains centralized banking and securitieshandling processes and related banking and depositoryaccounts at designated place. The client shall ensure timelyavailability of funds/securities in designated form and mannerat designated time and in designated bank and depositoryaccount(s) at designated place, for meeting his/her/its pay inobligation of funds and securities. The stock broker shall notbe responsible for any claim/loss/damage arising out of nonavailability/short availability of funds/securities by the client inthe designated account(s) of the stock broker for meeting thepay in obligation of either funds or securities. If the client givesorders / trades in the anticipation of the required securitiesbeing available subsequently for pay in through anticipatedpayout from the exchange or through borrowings or any offmarket delivery(s) or market delivery(s) and if such anticipatedavailability does not materialize in actual availability ofsecurities / funds for pay in for any reason whatsoever includingbut not limited to any delays / shortages at the exchange orstock broker level / non release of margin by the stock brokeretc., the losses which may occur to the client as aconsequence of such shortages in any manner such as onaccount of auctions / square off / closing outs etc., shall be

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solely to the account of the client and the client agrees not tohold the stock broker responsible for the same in any form ormanner whatsoever.

In case the payment of the margin / security is made by theclient through a bank instrument, the stock broker shall be atliberty to give the benefit / credit for the same only on the realizationof the funds from the said bank instrument etc. at the absolutediscretion of the stock broker.

Where the margin /security is made available by way ofsecurities or any other property, the stock broker is empoweredto decline its acceptance as margin / security & / or to acceptit at such reduced value as the stock broker may deem fit byapplying haircuts or by valuing it by marking it to market or byany other method as the stock broker may deem fit in itsabsolute discretion.

The stock broker has the right but not the obligation, to cancelall pending orders and to sell/close/liquidate all open positions/securities / shares at the pre-defined square off time or whenMark to Market (M-T-M) percentage reaches or crossesstipulated margin percentage mentioned on the website,whichever is earlier. The stock broker will have sole discretionto decide referred stipulated margin percentage dependingupon the market condition. In the event of such square off, theclient agrees to bear all the losses based on actual executedprices. In case open position (Le. short/long) gets convertedinto delivery due to non square off because of any reasonwhatsoever, the client agrees to provide securities/funds tofulfill the payin obligation failing which the client will have toface auctions or internal close outs; in addition to this theclient will have to pay penalties and charges levied byexchange in actual and losses, if any. Without prejudice to theforegoing, the client shall also be solely liable for all and anypenalties and charges levied by the exchange(s).

The stock broker is entitled to prescribe the date and time bywhich the margin / security is to be made available and thestock broker may refuse to accept any payments in any formafter such deadline for margin / security expires.

Notwithstanding anything to the contrary in the agreement orelsewhere, if the client fails to maintain or provide the requiredmargin/fund / security or to meet the funds/margins/ securitiespay in obligations for the orders / trades / deals of the clientwithin the prescribed time and form, the stock broker shallhave the right without any further notice or communication tothe client to take any one or more of the following steps:

i. To withhold any payout of funds / securities.

ii. To withhold / disable the trading / dealing facility to theclient.

iii. To liquidate one or more security(s) of the client by selling

the same in such manner and at such rate which thestock broker may deem fit in its absolute discretion. It isagreed and understood by the client that securities hereincludes securities which are pending delivery / receipt.

iv. To liquidate / square off partially or fully the position ofsale & / or purchase in anyone or more securities /contracts in such manner and at such rate which the stockbroker may decide in its absolute discretion.

v. To take any other steps which in the given circumstances,the stock broker may deem fit.

The client agrees that the loss(s) if any, on account of anyoneor more steps as enumerated herein above being taken bythe stock broker, shall be borne exclusively by the client aloneand agrees not to question the reasonableness, requirements,timing, manner, form, pricing etc., which are chosen by thestock broker.

6. Shortages in obligations arising out of internal nettingof trades

Stock broker shall not be obliged to deliver any securities orpay any money to the client unless and until the same hasbeen received by the stock broker from the exchange, theclearing corporation/ clearing house or other company or entityliable to make the payment and the client has fulfilled his / her/its obligations first.

The policy and procedure for settlement of shortages inobligations arising out of internal netting of trades is as under:

a. The securities delivered short are purchased from marketon T+3 day which is the Auction Day on Exchange, andthe purchase consideration (inclusive of all statutory taxes& levies) is debited to the short delivering seller client.

b. If securities cannot be purchased from market due to anyreason whatsoever on T+3 day they can be covered fromthe market on any subsequent trading days. In case anyreason whatsoever (any error or omission) any delay incovering of securities leads to higher losses, stock brokerwill not be liable for the same. Where the delivery ismatched partially or fully at the Exchange Clearing, thedelivery and debits/credits shall be as per ExchangeDebits and Credits.

c. In cases of securities having corporate actions all casesof short delivery of cum transactions which cannot beauctioned on cum basis or where the cum basis auctionpayout is after the book closure / record date, would becompulsory closed out at higher of 10% above the officialclosing price on the auction day or the highest traded

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price from first trading day of the settlement till the auctionday.

7. Temporarily suspending or closing a client’s account atthe client’s request

i. The client may request the stock broker to temporarilysuspend his account, stock broker may do so subject toclient accepting / adhering to conditions imposed by stockbroker including but not limited to settlement of accountand/ or other obligation.

ii. The stock broker can with hold the payouts of client andsuspend his trading account due to his surveillance actionor judicial or / and regulatory order/action requiring clientsuspension.

8. De-registering a client

Notwithstanding anything to the contrary stated in theagreement, the stock broker shall be entitled to terminate theagreement with immediate effect in any of the followingcircumstances:

i. If the action of the Client are prima facie illegal/ improperor such as to manipulate the price of any securities or disturbthe normal/ proper functioning of the market, either alone orin conjunction with others.

ii. If there is any commencement of a legal process againstthe Client under any law in force;

iii. On the death/lunacy or other disability of the Client;

iv. If a receiver, administrator or liquidator has beenappointed or allowed to be appointed of all or any part ofthe undertaking of the Client;

v. If the Client has voluntarily or compulsorily become thesubject of proceedings under any bankruptcy orinsolvency law or being a company, goes into liquidationor has a receiver appointed in respect of its assets orrefers itself to the Board for Industrial and FinancialReconstruction or under any other law providingprotection as a relief undertaking;

vi. If the Client being a partnership firm, has any steps takenby the Client and/ or its partners for dissolution of thepartnership;

vii. If the Client have taken or suffered to be taken any actionfor its reorganization, liquidation or dissolution;

viii. If the Client has made any material misrepresentation offacts, including (without limitation) in relation to theSecurity;

ix. If there is reasonable apprehension that the Client is

unable to pay its debts or the Client has admitted itsinability to pay its debts, as they become payable;

x. If the Client suffers any adverse material change in his /her / its financial position or defaults in any otheragreement with the Stock broker;

xi. If the Client is in breach of any term, condition or covenantof this Agreement;

xii. If any covenant or warranty of the Client is incorrect oruntrue in any material respect;

However notwithstanding any termination of the agreement,all transactions made under / pursuant to this agreement shallbe subject to all the terms and conditions of this agreementand parties to this agreement submit to exclusive jurisdictionof courts of law at the place of execution of this agreement byStock Broker.

Client Acceptance of Policies and Procedures statedhereinabove:

l/We have fully understood the same and do hereby sign the sameand agree not to call into question the validity, enforceability andapplicability of any provision/clauses this document anycircumstances what so ever. These Policies and Procedures maybe amended / changed unilaterally by the broker, provided thechange is informed to me / us with through anyone or more meansor methods such as post / speed post / courier / registered post /registered AD / facsimile / telegram / cable / e-mail / voice mails /telephone (telephone includes such devices as mobile phonesetc.) including SMS on the mobile phone or any other similar device;by messaging on the computer screen of the client’s computer; byinforming the client through employees / agents of the stock broker;by publishing / displaying it on the website of the stock broker /making it available as a download from the website of the stockbroker; by displaying it on the notice board of the branch / officethrough which the client trades or if the circumstances, so require,by radio broadcast / television broadcast / newspapersadvertisements etc; or any other suitable or applicable mode ormanner. I/we agree that the postal department / the couriercompany /newspaper company and the e-mail/ voice mail serviceprovider and such other service providers shall be my/our agentand the delivery shall be complete when communication is givento the postal department / the courier company / the e-mail/voicemail service provider, etc. by the stock broker and I/we agree neverto challenge the same on any grounds including delayed receipt /non receipt or any other reasons whatsoever. These Policies andProcedures shall always be read along with the agreement andshall be compulsorily referred to while deciding any dispute /difference or claim between me/ us and stock broker before anycourt of law / judicial / adjudicating authority including arbitrator/mediator etc.

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COMBINED RISK DISCLOSURE DOCUMENT (NSE / BSE)

(To be give by the Broker to the Client)

This document is issued by the member of the National StockExchange of India (hereinafter referred to as “NSE”) / The BombayStock Exchange Ltd. (hereinafter referred to as “BSE”) which hasbeen formulated by the Exchanges in coordination with theSecurities and Exchange Board of India (hereinafter referred toas “SEBI”) and contains important information on trading inEquities and F&O Segments of NSE / BSE. All prospectiveconstituents should read this document before trading on CapitalMarket/Cash Segment or F&O segment of the Exchanges.NSE/BSE/SEBI does neither singly or jointly and expressly norimpliedly guarantee nor make any representation concerning thecompleteness, the adequacy or accuracy of this disclosuredocument nor has NSE/BSE/SEBI endorsed or passed any meritsof participating in the trading segments. This brief statement doesnot disclose all the risks and other significant aspects of trading.In the light of the risks involved, you should undertake transactionsonly if you understand the nature of the contractual relationshipinto which you are entering and the extent of your exposure torisk.You must know and appreciate that investment in Equity shares,derivative or other instruments traded on the Stock Exchange(s),which have varying element of risk, is generally not an appropriateavenue for someone of limited resources/limited investment and/or trading experience and low risk tolerance. You should thereforecarefully consider whether such trading is suitable for you in thelight of your financial condition. In case you trade on NSE/BSEand suffer adverse consequences or loss, you shall be solelyresponsible for the same and NSE/BSE, its Clearing Corporation/Clearing House and/or SEBI shall not be responsible, in anymanner whatsoever, for the same and it will not be open for you totake a plea that no adequate disclosure regarding the risksinvolved was made or that you were not explained the full riskinvolved by the concerned member. The constituent shall be solely/ responsible for the consequences and no contract can berescinded on that account. You must acknowledge and acceptthat there can be no guarantee of profits or no exception fromlosses while executing orders for purchase and/or sale of a securityor derivative being traded on NSE/BSE.It must be clearly understood by you that your dealings on NSE/BSE through a member shall be subject to your fulfilling certainformalities set out by the member, which may interalia includeyour filling the know your client form, client registration form,execution of an agreement, etc., and are subject to the Rules,Byelaws and Regulations of NSE/BSE and its ClearingCorporation, guidelines prescribed by SEBI and in force fromtime to time and Circulars as may be issued by NSE/BSE or itsClearing Corporation/Clearing House and in force from time totime.NSE/BSE does not provide or purport to provide any advice andshall not be liable to any person who enters into any business

relationship with any trading member and/or sub-broker of NSE/BSE and/or any third party based on any information contained inthis document. Any information contained in this document mustnot be construed as business advice/investment advice. Noconsideration to trade should be made without thoroughlyunderstanding and reviewing the risks involved in such trading. Ifyou are unsure, you must seek professional advice on the same.In considering whether to trade or authorize someone to trade foryou, you should be aware of or must get acquainted with thefollowing:1. BASIC RISKS INVOLVED IN TRADING ON THE STOCK

EXCHANGE (EQUITY AND OTHER INSTRUMENTS)1.1 Risk of Higher Volatility:

Volatility refers to the dynamic changes in price that securitiesundergo when trading activity continues on the StockExchange. Generally, higher the volatility of a security/contract, greater is its price swings. There may be normallygreater volatility in thinly traded securities/contracts than inactive securities/contracts. As a result of volatility, your ordermay only be partially executed or not executed at all, or theprice at which your order gets executed may be substantiallydifferent from the last traded price or change substantiallythereafter, resulting in notional or real losses.

1.2 Risk of Lower Liquidity:Liquidity refers to ability of market participants to buy and/orsell securities / contracts expeditiously at a competitive priceand with minimal price difference. Generally, it is assumedthat more the numbers of orders available in a market, greateris the liquidity. Liquidity is important because with greaterliquidity, it is easier for investors to buy and/or sell securities/ contracts swiftly and with minimal price difference, and as aresult, investors are more likely to payor receive a competitiveprice for securities / contracts purchased or sold. There maybe a risk of lower liquidity in some securities / contracts ascompared to active securities / contracts. As a result, yourorder may only be partially executed, or may be executedwith relatively greater price difference or may not be executedat all.1.2.1 Buying/selling without intention of giving and/or

taking delivery of a security, as part of a day tradingstrategy, may also result into losses, because in sucha situation, stocks may have to be sold/purchased ata low/high prices, compared to the expected pricelevels, so as not to have any obligation to deliver/receive a security.

1.3 Risk of Wider Spreads:Spread refers to the difference in best buy price and best sellprice. It represents the differential between the price of buyinga security and immediately selling it or vice versa. Lower

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liquidity and higher volatility may result in wider than normalspreads for less liquid or illiquid securities / contracts. This inturn will hamper better price formation.

1.4 Risk-reducing orders:Most Exchanges have a facility for investors to place “limitorders”, “stop loss orders” etc”. The placing of such orders(e.g., “stop loss” orders, or “limit” orders) which are intendedto limit losses to certain amounts may not be effective many atime because rapid movement in market conditions may makeit impossible to execute such orders.1.4.1 A “market” order will be executed promptly, subject

to availability of orders on opposite side, withoutregard to price and that, while the customer mayreceive a prompt execution of a “market” order, theexecution may be at available prices of outstandingorders, which satisfy the order quantity, on price timepriority. It may be understood that these prices maybe significantly different from the last traded price orthe best price in that security.

1.4.2 A “limit” order will be executed only at the “limit” pricespecified for the order or a better price. However,while the customer receives price protection, thereis a possibility that the order may not be executed atall.

1.4.3 A stop loss order is generally placed “away” from thecurrent price of a stock / contract, and such ordergets activated if and when the stock / contractreaches, or trades through, the stop price. Sell stoporders are entered ordinarily below the current price,and buy stop orders are entered ordinarily abovethe current price. When the stock reaches thepredetermined price, or trades through such price,the stop loss order converts to a market/limit orderand is executed at the limit or better. There is noassurance therefore that the limit order will beexecutable since a stock / contract might penetratethe pre-determined price, in which case, the risk ofsuch order not getting executed arises, just as with aregular limit order.

1.5 Risk of News Announcements:Issuers make news announcements that may impact the priceof the securities / contracts. These announcements may occurduring trading, and when combined with lower liquidity andhigher volatility, may suddenly cause an unexpected positiveor negative movement in the price of the security / contract.

1.6 Risk of Rumours:Rumours about companies at times float in the market throughword of mouth, newspapers, websites or news agencies, etc.The investors should be wary of and should desist from actingon rumours.

1.7 System Risk:High volume trading will frequently occur at the market openingand before market close. Such high volumes may also occur

at any point in the day. These may cause delays in orderexecution or confirmation.1.7.1 During periods of volatility, on account of market

participants continuously modifying their orderquantity or prices or placing fresh orders, there maybe delays in order execution and its confirmations.

1.7.2 Under certain market conditions, it may be difficultor impossible to liquidate a position in the market ata reasonable price or at all, when there are nooutstanding orders either on the buy side or the sellside, or if trading is halted in a security due to anyaction on account of unusual trading activity or stockhitting circuit filters or for any other reason.

1.8 System/Network Congestion:Trading on NSE/BSE is in electronic mode, based on satellite/leased line based communications, combination oftechnologies and computer systems to place and routeorders. Thus, there exists a possibility of communicationfailure or system problems or slow or delayed response fromsystem or trading halt, or any such other problem/glitchwhereby not being able to establish access to the tradingsystem/network, which may be beyond the control of andmay result in delay in processing or not processing buy orsell orders either in part or in full. You are cautioned to notethat although these problems may be temporary in nature,but when you have outstanding open positions or unexecutedorders, these represent a risk because of your obligations tosettle all executed transactions.

2. As far as Futures and Options segment is concerned,please note and get yourself acquainted with thefollowing additional features:2.1 Effect of “Leverage” or “Gearing” The amount of margin

is small relative to the value of the derivatives contract sothe transactions are ‘leveraged’ or ‘geared’. Derivativestrading, which is conducted with a relatively small amountof margin, provides the possibility of great profit or loss incomparison with the principal investment amount. Buttransactions in derivatives carry a high degree of risk.You should therefore completely understand the followingstatements before actually trading in derivatives tradingand also trade with caution while taking into accountone’s circumstances, financial resources, etc. If the pricesmove against you, you may lose a part of or whole marginequivalent to- the principal investment amount in arelatively short period of time. Moreover, the loss mayexceed the original margin amount.A. Futures trading involves daily settlement of all

positions. Every day the open positions are markedto market based on the closing level of the index. Ifthe index has moved against you, you will berequired to deposit the amount of loss (notional)resulting from such movement. This margin will have

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I hereby acknowledge that I have read and understood this risks in the disclosure statement and Annexure - 1 containing my rights andobligations and retained a copy of these.

Name : ............................................................................ Signature :(If partner, Corporate, or other Signatory, then attest with company seal)

to be paid within a stipulated time frame, generallybefore commencement of trading next day.

B. If you fail to deposit the additional margin by thedeadline or if an outstanding debt occurs in youraccount, the broker/member may liquidate a part ofor the whole position or substitute securities. In thiscase, you will be liable for any losses incurred dueto such close-outs.

C. Under certain market conditions, an investor mayfind it difficult or impossible to execute transactions.For example, this situation can occur due to factorssuch as illiquidity i.e. when there are insufficient bidsor offers or suspension of trading due to price limit orcircuit breakers etc.

D. In order to maintain market stability, the followingsteps may be adopted: changes in the margin rate,increases in the cash margin rate or others. Thesenew measures may also be applied to the existingopen interests. In such conditions, you will berequired to put up additional margins or reduce yourpositions.

E. You must ask your broker to provide the full detailsof the derivatives contracts you plan to trade i.e. thecontract specifications and the associatedobligations.

2.2. Risk of Option holders1. An option holder runs the risk of losing the entire amount

paid for the option in a relatively short period of time.This risk reflects the nature of an option as a wastingasset which becomes worthless when it expires. Anoption holder who neither sells his option in thesecondary market nor exercises it prior to its expirationwill necessarily lose his entire investment in the option. Ifthe price of the underlying does not change in theanticipated direction before the option expires to an extentsufficient to cover the cost of the option, the investor maylose all or a significant part of his investment in the option.

2. The Exchange may impose exercise restrictions andhave absolute authority to restrict the exercise of optionsat certain times in specified circumstances.

2.3 Risks of Option Writers1. If the price movement of the underlying is not in the

anticipated direction, the option writer runs the risks oflosing substantial amount.

2. The risk of being an option writer may be reduced by thepurchase of other options on the same underlying interestand thereby assuming a spread position or by acquiring

other types of hedging positions in the options marketsor other markets. However, even where the writer hasassumed a spread or other hedging position, the risksmay still be significant. A spread position is notnecessarily less risky than a simple ‘long’ or ‘short’position.

3. Transactions that involve buying and writing multipleoptions in combination, or buying or writing options incombination with buying or selling short the underlyinginterests, present additional risks to investors.Combination transactions, such as option spreads, aremore complex than buying or writing a single option.And it should be further noted that, as in any area ofinvesting, a complexity not well understood is, in itself, arisk factor. While this is not to suggest that combinationstrategies should not be considered, it is advisable, as isthe case with all investments in options, to consult withsomeone who is experienced and knowledgeable withrespect to the risks and potential rewards of combinationtransactions under various market circumstances.

3. GENERAL3.1 Commission and other charges

Before you begin to trade, you should obtain a clearexplanation of all commission, fees and other charges forwhich you will be liable. These charges will affect your netprofit (if any) or increase your loss.

3.2 Deposited cash and propertyYou should familiarise yourself with the protections accordedto the money or other property you deposit particularly in theevent of a firm insolvency or bankruptcy. The extent to whichyou may recover your money or property may be governed,by specific legislation or local rules. In some jurisdictions,property which has been specifically identifiable as your ownwill be pro-rated in the same manner as cash for purposes ofdistribution in the event of a shortfall. In case of any disputewith the member, the same shall be subject to arbitration asper the byelaws/regulations of the Exchange.

3.3 For rights and obligations of the clients, please refer toAnnexure-1 enclosed with this document.

3.4 The term ‘constituent’ shall mean and include a client, acustomer or an investor, who deals with a member for thepurpose of acquiring and/or selling of securities through themechanism provided by NSE/BSE.

3.5 The term ‘member’ shall mean and include a trading member,a broker or a stock broker, who has been admitted as such byNSE/BSE and who holds a registration certificate as a stockbroker from SEBI.

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INVESTORS’ RIGHTS AND OBLIGATIONS : ANNEXURE - 1

1.1 You should familiarise yourself with the protection accorded tothe money or other property you may deposit with yourmember, particularly in the event of a default in the stockmarket or the broking firm’s insolvency or bankruptcy.

1.1.1 Please ensure that you have a documentary proof ofyour having made deposit of such money or propertywith the member, stating towards which account suchmoney or property deposited.

1.1.2 Further, it may be noted that the extent to which youmay recover such money or property may begoverned by the Bye-laws and Regulations of NSE/BSE and the scheme of the Investors’ ProtectionFund in force from time to time.

1.1.3 Any dispute with the member with respect todeposits, margin money, etc., and producing anappropriate proof thereof, shall be subject toarbitration as per the Rules, Byelaws/Regulations ofNSE/BSE or its Clearing Corporation / ClearingHouse.

1.2 Before you begin to trade, you should obtain a clear idea fromyour member of all brokerage, commissions, fees and othercharges which will be levied on you for trading. These chargeswill affect your net cash inflow or outflow.

1.3 You should exercise due diligence and comply with thefollowing requirements of the NSE/BSE and/or SEBI:

1.3.1 Please deal only with and through SEBI registeredmembers of the Stock Exchange and are enabled totrade on the Exchange. All SEBI registered membersare given a registration no., which may be verifiedfrom SEBI. The details of all members of NSE/BSEand whether they are enabled to trade may be verifiedfrom NSE/BSE website (www.nseindia.com /www.bseindia.com).

1.3.2 Demand any such information, details anddocuments from the member, for the purpose ofverification, as you may find it necessary to satisfyyourself about his credentials.

1.3.3 Furnish all such details in full as are required by themember as required in “Know Your Client” form,which may also include details of PAN or Passport orDriving Licence or Voters Id, or Ration Card, bankaccount and depository account, or any such detailsmade mandatory by SEBI/NSE at any time, as isavailable with the investor.

1.3.4 Execute a broker-client agreement in the formprescribed by SEBI and/or the Relevant Authority ofNSE or its Clearing Corporation / Clearing Housefrom time to time, because this may be useful as aproof of your dealing arrangements with the member.

1.3.5 Give any order for buy or sell of a security in writing

or in such form or manner, as may be mutuallyagreed. Giving instructions in writing ensures thatyou have proof of your intent, in case of disputes withthe member.

1.3.6 Ensure that a contract note is issued to you by themember which contains minute records of everytransaction. Verify that the contract note containsdetails of order no., trade number, trade time, tradeprice, trade quantity, name of security, client codeallotted to you and showing the brokerage separately.Contract notes are required to be given/sent by themember to the investors latest on the next workingday of the trade. Contract note can be issued by themember either in electronic form using digitalsignature as required, or in hard copy. In case youdo not receive a contract note on the next workingday or at a mutually agreed time, please get in touchwith the Investors Grievance Cell of NSE/BSE,without delaying.

1.3.7 Facility of Trade Verification is available on NSE/BSE website (www.nse-india.com /www.bseindia.com), where details of trade asmentioned in the contract note may be verified fromthe trade date upto five trading days. Where tradedetails on the website, do not tally with the detailsmentioned in the contract note, immediately get intouch with the Investors Grievance Cell of NSE/BSE.

1.3.8 Ensure that payment/delivery of securities againstsettlement is given to the concerned member withinone working day prior to the date of pay-inannounced by NSE/BSE or it’ s Clearing Corporation/ Clearing House. Payments should be made onlyby account payee cheque in favour of the firm/company of the trading member and a receipt oracknowledgement towards what such payment ismade be obtained from the member. Delivery ofsecurities is made to the pool account of the memberrather than to the beneficiary account of the member.

1.3.9 In case pay-out of money and/or securities is notreceived on the next working day after date of pay-out announced by NSE/BSE or its ClearingCorporation / Clearing House, please follow-up withthe concerned member for its release. In case pay-out is not released as above from the member withinfive working days, ensure that you lodge a complaintimmediately with the Investors’ Grievance Cell ofNSE/BSE.

1.3.10 Every member is required to send a complete‘Statement of Accounts’, for both funds and securities

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settlement to each of its constituents, at suchperiodicity as may be prescribed by time to time. Youshould report errors, if any, in the Statementimmediately, but not later than 30 calendar days ofreceipt thereof, to the member. In case the error isnot rectified or there is a dispute, ensure that yourefer such matter to the Investors Grievance Cell ofNSE/BSE, without delaying.

1.3.11 In case of a complaint against a member/registeredsub-broker, you should address the complaint to theOffice as may be specified by NSE/BSE from time totime.

1.4 In case where a member surrenders his membership, NSE/BSE gives a public notice inviting claims, if any, from investors.In case of a claim, relating to “transactions executed on thetrading system” of NSE/BSE, ensure that you lodge a claimwith NSE/BSE/NSCCL/Clearing House within the stipulatedperiod and with the supporting documents.

1.5 In case where a member is expelled from trading membershipor declared a defaulter, NSE/BSE gives a public notice invitingclaims, if any, from investors. In case of a claim, relating to“transactions executed on the trading system” of NSE/BSE,

ensure that you lodge a claim with NSE/BSE within thestipulated period and with the supporting documents.

1.6 Claims against a defaulter/expelled member found to be validas prescribed in the relevant Rules/Bye-laws and the schemeunder the Investors’ Protection Fund (IPF) may be payablefirst out of the amount vested in the Committee for Settlementof Claims against Defaulters, on pro-rata basis if the amountis inadequate. The balance amount of claims, if any, to amaximum amount of Rs.10 lakhs per investor claim, perdefaulter/expelled member may be payable subject to suchclaims being found payable under the scheme of the IPF.

Notes:

1. The term ‘constituent’ shall mean and include a client, acustomer or an investor, who deals with a trading member ofNSE/BSE for the purpose of acquiring and / or selling ofsecurities through the mechanism provided by NSE/BSE.

2. The term / member’ shall mean and include a member or abroker or a stock broker, who has been admitted as such byNSE/BSE and who holds a registration certificate as a stockbroker from SEBI.

3. NSE/BSE may be substituted with names of the relevantexchanges, wherever applicable.

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This agreement is made and executed at.........................this.........................day of...........,20................ between M/s. RR EquityBrokers Pvt. Ltd., a body corporate, incorporated under theprovisions of the companies act, 1956, being a member of theMCX Stock Exchange Limited (hereinafter called “the exchange”)and having its Corporate Office : 47, M.M. Road, Rani JhansiMarg, New Delhi-110055 (hereinafter called “the trading member”)which expression shall, unless repugnant to the context or meaningthereof, be deemed to mean and include its assigns and successorsin interest and itself in the capacity of a trading member whiletrading in the currency derivatives segment, as the case may be,of the one part;

And


Whereas the trading member is registered as the trading memberof the Exchange with SEBI registration number INE261219636 inthe Currency Derivatives Segment.

Whereas the client is desirous of investing/trading in thosesecurities / contracts / other instruments admitted to dealings onthe Exchange as defined in the Rules, Byelaws and Regulationsof the Exchange and circulars issued there under from time totime.

Whereas the client has satisfied itself of the capacity of the tradingmember to deal in securities and / or deal in equity / currencyderivatives contracts and wishes to execute its orders through thetrading member and the client shall from time to time continue tosatisfy itself of such capability of the trading member beforeexecuting orders through the trading member.

Whereas the trading member has satisfied and shall continuouslysatisfy itself about the genuineness and financial soundness ofthe client and investment objectives relevant to the services to beprovided; and

MEMBER CONSTITUENT AGREEMENT - MCX -SX CURRENCY DERIVATIVE

Whereas the trading member has taken steps and shall take stepsto make the client aware of the precise nature of the Tradingmember’s liability for business to be conducted, including anylimitations, the liability and the capacity in which the trading memberacts.

Whereas the trading member and the client agree to be bound byall the Rules, Byelaws and Regulations of the Exchange andcirculars issued there under and Rules and Regulations of SEBIand relevant notifications of Government authorities as may be inforce from time to time.


1. The client agrees to immediately notify the trading member inwriting if there is any change in the information in the ‘clientregistration form’ provided by the client to the trading memberat the time of opening of the account or at any time thereafter.

2. The trading member declares that it has brought the contentsof the risk disclosure document to the notice of client andmade him aware of the significance of the said document.The client agrees that:

a. He has read and understood the risks involved in tradingon the exchange.


c. The failure of the client to understand the risks involvedshall not render a contract as void or voidable and theclient shall be and shall continue to be responsible for allthe risks and consequences for entering into trades inthe segments in which the client chose to trade.

d. He is liable to pay applicable initial margins, withholdingmargins, special margins or such other margins as areconsidered necessary by the trading member or theExchange or as may be directed by SEBI from time totime as applicable to the segment(s) in which the clienttrades. The trading member is permitted in its sole andabsolute discretion to collect additional margins (eventhough not required by the Exchange, Clearing House /Clearing Corporation or SEBI) and the client shall beobliged to pay such margins within the stipulated time.

e. Payment of margins by the client does not necessarilyimply complete satisfaction of all dues. In spite ofconsistently having paid margins, the client may, on theclosing of its trade, be obliged to pay (or entitled to receive)such further sums as the contract may dictate / require.

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3. The Client agrees to pay to the trading member brokerageand statutory levies as are prevailing from time to time and asthey apply to the Client’s account, transactions and to theservices that trading member renders to the Client.

4. The trading member agrees that it shall not charge brokeragemore than the maximum brokerage permissible as per therules, regulations and bye -laws of the Exchange / SEBI.

5. The client agrees to abide by the exposure limits, if any, set bythe trading member or by the Exchange or Clearing House /Clearing Corporation or SEBI from time to time.

6. Without prejudice to the trading member’s other rights(including the right to refer a matter to arbitration), the tradingmember shall be entitled to liquidate / closeout all or any ofthe client’s positions for non-payment of margins or otheramounts, outstanding debts, etc. and adjust the proceeds ofsuch liquidation / close out, if any, against the client’s liabilities/ obligations. Any and all losses and financial charges onaccount of such liquidation/closing-out shall be charged toand borne by the client.

7. The trading member agrees that the money / securitiesdeposited by the client shall be kept in a separate account,distinct from his / its own account or account of any other clientand shall not be used by the trading member for himself / itselfor for any other client or for any purpose other than thepurposes mentioned in SEBI Rules and Regulations circulars/ guidelines / Exchange’s Rules / Regulations / Byelaws andcirculars.

8. The client agrees to immediately furnish information to thetrading member in writing, if any winding up petition orinsolvency petition has been filed or any winding up orinsolvency order or decree or award is passed against him orif any litigation which may have material bearing on hiscapacity has been filed against him.

9. The trading member agrees to inform the client and keep himapprised about trading / settlement cycles, delivery / paymentschedules, any changes therein from time to time, and it shallbe the responsibility in turn of the client to comply with suchschedules / procedures of the exchange.

10. In the event of death or insolvency of the client or his / itsotherwise becoming incapable of receiving and paying forany contracts which the client has ordered to be bought orsold, or of delivering or transferring securities, the tradingmember may close out the transaction of the client and claimlosses, if any, against the estate of the client. The client or hissuccessors, heirs and assigns shall be entitled to any surpluswhich may result there from.

11. The client and the trading member agree to refer any claimsand / or disputes to arbitration as per the Rules, Byelaws andRegulations of the Exchange and circulars issued there under

as may be in force from time to time.

12. The trading member hereby agrees that he shall ensure fastersettlement of any arbitration proceedings arising out of thetransactions entered into between him and the client and thathe shall be liable to implement the arbitration awards made insuch proceedings.

13. Information about default in payment / delivery and relatedaspects by a client shall be brought to the notice of theExchange(s). In case where defaulting client is a corporateentity / partnership / proprietary firm or any other artificial legalentity, then the name(s) of director(s) / promoter(s) / Partner(s)/ proprietor as the case may be, shall also be communicatedto the Exchange(s).

14. The trading member and the client agree to reconcile theiraccounts at the end of each quarter with reference to all thesettlements where payouts have been declared during thequarter.

15. The trading member and the client agree to abide by anyaward passed by the Ombudsman under the SEBI(Ombudsman) Regulations, 2003.

16. The trading member and the client declare and agree that thetransactions executed on the Exchange are subject to Rules,/ Byelaws and Regulations and circulars issued there underof / the Exchange and all parties to such trade shall havesubmitted to the jurisdiction of such court as may be specifiedby the Byelaws and Regulations of the Exchange for thepurpose of giving effect to the provisions of the Rules, Byelawsand Regulations of the Exchange and the circulars issuedthere under.


18. Where the Exchange cancels trade(s) suo moto all such tradesincluding the trade/s done on behalf of the client shall ipsofacto stand cancelled.

19. This agreement shall forthwith terminate; if the trading memberfor any reason ceases to be a member of the exchangeincluding cessation of membership by reason of the tradingmember’s default, death, resignation or expulsion or if thecertificate issued by the Board is cancelled.

20. The trading member and the client shall be entitled to terminatethis agreement without giving any reasons to the other party,after giving notice in writing of not less than one month to theother parties. Notwithstanding any such termination, all rights,liabilities and obligations of the parties arising out of or in

31

respect of transactions entered into prior to the termination ofthis agreement shall continue to subsist and vest in / be bindingon the respective parties or his/its respective heirs, executors,administrators, legal representatives or successors, as the casemay be.

21. In addition to the specific rights set out in this Agreement, thetrading member and the client shall be entitled to exerciseany other rights which the trading member or the client mayhave under the Rules, Bye-laws and Regulations of theExchange and circulars issued there under or Rules andRegulations of SEBI.

22. Words and expressions which are used in this Agreement,but which are not defined herein shall, unless the contextotherwise requires, have the same meaning as assignedthereto in the Rules, Byelaws and Regulations of the Exchangeand circulars issued there under.

23. The provisions of this agreement shall always be subject toGovernment notifications, any rules, regulations, guidelinesand circulars issued by SEBI and Rules, Regulations and

Bye laws of the exchange that may be in force from time totime.

24. The trading member hereby undertakes to maintain the detailsof the client as mentioned in the client registration form or anyother information pertaining to the client in confidence andthat it shall not disclose the same to any person / authorityexcept as required under any law / regulatory requirements;Provided however that the trading member may so discloseinformation about its his client to any person or authority withthe express permission of the client.

This agreement can be altered, amended and /or modified bythe parties mutually in writing without derogating from thecontents of this Agreement; Provided however, if the rightsand obligations of the parties hereto are altered by virtue ofchange in Rules and regulations of SEBI or Bye-laws, Rulesand Regulations of the Exchange, such changes shall bedeemed to have been incorporated herein in modification ofthe rights and obligations of the parties mentioned in thisagreement.




Member : MCX Stock Exchange Ltd. (MCX-SX)Regd. Office: 133A, 13th Floor, Mittal Towers,



Tel.: +91-11-23636363-62 Fax : +91-11-23636743




WITNESS

1.

2.

Signature(s)

Name

Address

WITNESS

1.

2.

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COMBINED RISK DISCLOSURE DOCUMENT FOR CURRENCY DERIVATIVES SEGMENT

This document is issued by the member of the National StockExchange of India (hereinafter referred to as “NSE”) The MCXStock Exchange Limited (hereinafter referred to as “MCX-SX”)which has been formulated by the Exchanges in coordination withthe Securities and Exchange Board of India (hereinafter referredto as .SEBI”) and contains important information on trading inCurrency Derivatives Segment of NSE/MCX-SX. All prospectiveconstituents should read this document before trading in CurrencyDerivatives Segment of the Exchange.

NSE/MCX-SX/SEBI does neither singly or jointly and expresslynor impliedly guarantee nor make any representation concerningthe completeness, the adequacy or accuracy of this disclosuredocument nor has NSE/MCX-SX/SEBI endorsed or passed anymerits of participating in the segment. This brief statement doesnot disclose all the risks and other significant aspects of trading.

In the light of the risks involved, you should undertake transactionsonly if you understand the nature of the contractual relationshipinto which you are entering and the extent of your exposure to risk.

You must know and appreciate that investment in currencyderivatives or other instruments traded on the Stock Exchange,which have varying element of risk, is generally not an appropriateavenue for someone of limited resources/limited investment and/or trading experience and low risk tolerance. You should thereforecarefully consider whether such trading is suitable for you in thelight of your financial condition. In case you trade on NSE/MCX-SX and suffer adverse consequences or loss, you shall be solelyresponsible for the same and NSE/MCX-SX, its ClearingCorporation and/or SEBI shall not be responsible, in any mannerwhatsoever, for the same and it will not be open for you to take aplea that no adequate disclosure regarding the risks involved wasmade or that you were not explained the full risk involved by theconcerned member. The constituent shall be solely responsiblefor the consequences and no contract can be rescinded on thataccount. You must acknowledge and accept that there can be noguarantee of profits or no exception from losses while executingorders for purchase and/or sale of a currency derivative contractbeing traded on NSE/MCX-SX.

It must be clearly understood by you that your dealings on NSE/MCX-SX through a member shall be subject to your fulfilling certainformalities set out by the member, which may inter alia includeyour filling the know your client form, client registration form,execution of an agreement, etc., and are subject to the Rules,Byelaws and Regulations of NSE/MCX-SX and its ClearingCorporation, guidelines prescribed by SEBI and in force from timeto time and Circulars as may be issued by NSE/MCX-SX or itsClearing Corporation and in force from time to time.

NSE/MCX-SX does not provide or purport to provide any adviceand shall not be liable to any person who enters into any businessrelationship with any trading member of NSE/MCX-SX and/or any

third party based on any information contained in this document.

Any information contained in this document must not be construedas business advice/investment advice. No consideration to tradeshould be made without thoroughly understanding and reviewingthe risks involved in such trading. If you are unsure, you must seekprofessional advice on the same.

In considering whether to trade or authorize someone to trade foryou, you should be aware of or must get acquainted with thefollowing:

1. BASIC RISKS

1.1 Risk of Higher Volatility:

Volatility refers to the dynamic changes in price that a currencyderivatives contract undergoes when trading activity continueson the Stock Exchange. Generally, higher the volatility of acontract, greater is its price swings. There may be normallygreater volatility in thinly traded currency derivatives contractsthan in active contracts. As a result of volatility, your order mayonly be partially executed or not executed at all, or the price atwhich your order got executed may be substantially differentfrom the last traded price or change substantially thereafter,resulting in notional or real losses.

1.2 Risk of Lower Liquidity:

Liquidity refers to the ability of market participants to buy and/or sell currency derivatives contracts expeditiously at acompetitive price and with minimal price difference. Generally,it is assumed that more the numbers of orders available in amarket, greater is the liquidity. Liquidity is important becausewith greater liquidity, it is easier for investors to buy and/or sellcurrency derivatives contracts swiftly and with minimal pricedifference, and as a result, investors are more likely to payorreceive a competitive price for currency derivatives contractspurchased or sold. There may be a risk of lower liquidity insome currency derivatives contracts as compared to activecontracts. As a result, your order may only be partiallyexecuted, or may be executed with relatively greater pricedifference or may not be executed at all.

1.2.1 Buying/selling currency derivatives contracts as partof a day trading strategy may also result into losses,because in such a situation, contracts may have tobe sold/purchased at a low/high prices, compared tothe expected price levels, so as not to have any openposition.

1.3 Risk of Wider Spreads:

Spread refers to the difference in best buy price and best sellprice. It represents the differential between the price of buying

33

a security and immediately selling it or vice versa. Lowerliquidity and higher volatility may result in wider than normalspreads for less liquid or illiquid currency derivatives contracts.This in turn will hamper better price formation.

1.4 Risk-reducing orders:

The placing of orders (e.g., “stop loss” orders, or “limit” orders)which are intended to limit losses to certain amounts may notbe effective many a time because rapid movement in marketconditions may make it impossible to execute such orders.

1.4.1 A “market” order will be executed promptly, subjectto availability of orders on opposite side, withoutregard to price and that, while the customer mayreceive a prompt execution of a “market” order, theexecution may be at available prices of outstandingorders, which satisfy the order quantity, on price timepriority. It may be understood that these prices maybe significantly different from the last traded price orthe best price in that currency derivatives contract.

1.4.2 A “limit” order will be executed only at the “limit” pricespecified for the order or a better price. However,while the customer receives price protection, thereis a possibility that the order may not be executed atall.

1.4.3 A stop loss order is generally placed “away” from thecurrent price of a currency derivatives contract, andsuch order gets activated if and when the contractreaches, or trades through, the stop price. Sell stoporders are entered ordinarily below the current price,and buy stop orders are entered ordinarily abovethe current price. When the currency derivativescontract reaches the pre -determined price, or tradesthrough such price, the stop loss order converts to amarket/limit order and is executed at the limit or better.There is no assurance therefore that the limit orderwill be executable since a currency derivativescontract might penetrate the pre-determined price,in which case, the risk of such order not gettingexecuted arises, just as with a regular limit order.

1.5 Risk of News Announcements:

News announcements that may impact the price of currencyderivatives contract may occur during trading, and whencombined with lower liquidity and higher volatility, maysuddenly cause an unexpected positive or negative movementin the price of the contract.

1.6 Risk of Rumours:

Rumours about currencies at times float in the market throughword of mouth, newspapers, websites or news agencies, etc.The investors should be wary of and should desist from actingon rumours.

1.7 System Risk:

High volume trading will frequently occur at the market openingand before market close. Such high volumes may also occurat any point in the day. These may cause delays in orderexecution or confirmation.

1.7.1 During periods of volatility, on account of marketparticipants continuously modifying their orderquantity or prices or placing fresh orders, there maybe delays in order execution and its confirmations.

1.7.2 Under certain market conditions, it may be difficult orimpossible to liquidate a position in the market at areasonable price or at all, when there are nooutstanding orders either on the buy side or the sellside, or if trading is halted in a security due to anyaction on account of unusual trading activity orcurrency derivatives contract hitting circuit filters orfor any other reason.

1.8 System/Network Congestion:

Trading on NSE/MCX-SX is in electronic mode, based onsatellite/leased line based communications, combination oftechnologies and computer systems to place and route orders.Thus, there exists a possibility of communication failure orsystem problems or slow or delayed response from system ortrading halt, or any such other problem/glitch whereby notbeing able to establish access to the trading system/network,which may be beyond control and may result in delay inprocessing or not processing buy or sell orders either in partor in full. You are cautioned to note that although theseproblems may be temporary in nature, but when you haveoutstanding open positions or unexecuted orders, theserepresent a risk because of your obligations to settle allexecuted transactions.

2. ADDITIONAL FEATURES

2.1 Effect of “Leverage” or “Gearing”

In the derivatives market, the amount of margin is smallrelative to the value of the derivatives contract so thetransactions are ‘leveraged’ or ‘geared’. Derivativestrading, which is conducted with a relatively small amountof margin, provides the possibility of great profit or loss incomparison with the principal investment amount. Buttransactions in derivatives carry a high degree of risk.

You should therefore completely understand the followingstatements before actually trading in derivatives and alsotrade with caution while taking into account one’scircumstances, financial resources, etc. If the prices moveagainst you, you may lose a part of or whole marginequivalent to the principal investment amount in a

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I hereby acknowledge that I have received and understood this risk disclosure statement and Document containing my rights andobligations.

Name : ........................................................(If Partner, Corporate, or other Signatory, then attest with company seal)

relatively short period of time. Moreover, the loss mayexceed the original margin amount.

A. Futures trading involves daily settlement of allpositions. Every day the open positions are markedto market based on the closing level of the currencyderivatives contract. If the contract has moved againstyou, you will be required to deposit the amount ofloss (notional) resulting from such movement. Thisamount will have to be paid within a stipulated timeframe, generally before commencement of tradingon next day.

B. If you fail to deposit the additional amount by thedeadline or if an outstanding debt occurs in youraccount, the broker/member may liquidate a part ofor the whole position or substitute securities. In thiscase, you will be liable for any losses incurred due tosuch close-outs.

C. Under certain market conditions, an investor mayfind it difficult or impossible to execute transactions.For example, this situation can occur due to factorssuch as illiquidity i.e. when there are insufficient bidsor offers or suspension of trading due to price limit orcircuit breakers etc.

D. In order to maintain market stability, the followingsteps may be adopted: changes in the margin rate orothers. These new measures may also be applied tothe existing open interests. In such conditions, youwill be required to put up additional margins or reduceyour positions.

E. You must ask your broker to provide the full details ofthe currency derivatives contracts you plan to tradei.e. the contract specifications and the associatedobligations.

2.2 Currency specific risks

1. The profit or loss in transactions in foreign currencydenominated contracts, whether they are traded in yourown or another jurisdiction, will be affected by fluctuationsin currency rates where there is a need to convert fromthe currency denomination of the contract to anothercurrency.

2. Under certain market conditions, you may find it difficultor impossible to liquidate a position. This can occur, forexample when a currency is deregulated or fixed trading

bands are widened.

3. Currency prices are highly volatile. Price movements forcurrencies are influenced by, among other things:changing supply-demand relationships; trade, fiscal,monetary, exchange control programs and policies ofgovernments; foreign political and economic events andpolicies; changes in national and international interestrates and inflation; currency devaluation; and sentimentof the market place. None of these factors can be can begiven that an advisor’s advice will result in profitabletrades for a participating customer or that a customer willnot incur losses from such events.

3. GENERAL

3.1 Commission and other charges

Before you begin to trade, you should obtain a clearexplanation of all commission, fees and other chargesfor which you will be liable. These charges will affectyour net profit (if any) or increase your loss.

3.2 Deposited cash and property

You should familiarise yourself with the protectionsaccorded to the money or other property you depositparticularly in the event of a firm insolvency or bankruptcy.The extent to which you may recover your money orproperty may be governed by specific legislation or localrules. In some jurisdictions, property which has beenspecifically identifiable as your own will be pro-rated inthe same manner as cash for purposes of distribution inthe event of a shortfall. In case of any dispute with themember, the same shall be subject to arbitration as perthe byelaws/regulations of the Exchange.

3.3 For rights and obligations of the clients, please refer toAnnexure-1 enclosed with this document.

3.4 The term ‘constituent’ shall mean and include a client, acustomer or an investor, who deals with a member for thepurpose of acquiring and/or selling of currency derivativescontracts through the mechanism provided by NSE/MCX-SX.

3.5 The term ‘member’ shall mean and include a tradingmember, a broker or a stock broker, who has beenadmitted as such by NSE/MCX-SX and who holds aregistration certificate from SEBI.

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1.1 You should familiarise yourself with the protection accordedto the money or other property you may deposit with yourmember, particularly in the event of a default in the CurrencyDerivatives market or the broking firm’s insolvency orbankruptcy.

1.1.1 Please ensure that you have a documentary proof ofyour having made deposit of such money or propertywith the member, stating towards which account suchmoney or property deposited.

1.1.2 Further, it may be noted that the extent to which youmay recover such money or property may begoverned by the Bye-laws and Regulations of NSE/MCX-SX and the scheme of the Investors’ ProtectionFund in force from time to time.

1.1.3 Any dispute with the member with respect todeposits, margin money, etc., and producing anappropriate proof thereof, shall be subject toarbitration as per the Rules, Byelaws/Regulations ofNSE/MCX-SX or its Clearing Corporation.

1.2 Before you begin to trade, you should obtain a clear idea fromyour member of all brokerage, commissions, fees and othercharges which will be levied on you for trading. These chargeswill affect your net cash inflow or outflow.

1.3 You should exercise due diligence and comply with thefollowing requirements of the NSE/MCX-SX and/or SEBI:

1.3.1 Please deal only with and through SEBI registeredmembers of the Stock Exchange and are enabled totrade on the Currency Derivatives Segment of theExchange. All SEBI registered members are given aregistration no., which may be verified from SEBI.The details of all members of NSE/MCX-SX andwhether they are enabled to trade may be verifiedfrom NSE/MCX-SX website (www.nseindia.com/www.mcx-sx.com).

1.3.2 Demand any such information, details anddocuments from the member, for the purpose ofverification, as you may find it necessary to satisfyyourself about his credentials.

1.3.3 Furnish all such details in full as are required by themember as required in “Know Your Client” form,which may also include details of PAN or Passport orDriving Licence or Voters Id, or Ration Card, bankaccount and depository account, or any such detailsmade mandatory by NSE/MCX-SX/SEBI at any time,as is available with the investor.

1.3.4 Execute a broker-client agreement in the formprescribed by NSE/MCX-SX/SEBI and/or the

INVESTORS’ RIGHTS AND OBLIGATIONS FOR CURRENCY DERIVATIVE SEGMENT

Relevant Authority of NSE/MCX-SX or its ClearingCorporation from time to time, because this may beuseful as a proof of your dealing arrangements withthe member.

1.3.5 Give any order for buy or sell of a currency derivativescontract in writing or in such form or manner, as maybe mutually agreed. Giving instructions in writingensures that you have proof of your intent, in case ofdisputes with the member.

1.3.6 Ensure that a contract note is issued to you by themember which contains minute records of everytransaction. Verify that the contract note containsdetails of order number, trade number, trade time,trade price, trade quantity, details of the currencyderivatives contract, client code allotted to you andshowing the brokerage separately. Contract notesare required to be given/sent by the member to theinvestors latest on the next working day of the trade.Contract note can be issued by the member either inelectronic form using digital signature as required,or in hard copy. In case you do not receive a contractnote on the next working day or at a mutually agreedtime, please get in touch with the Investors GrievanceCell of NSE/MCX-SX, without delaying.

1.3.7 Facility of Trade Verification is available on NSE/MCX-SX website (www.nseindia.com/ www.mcx-sx.com), where details of trade as mentioned in thecontract note may be verified from the trade dateupto five trading days. Where trade details on thewebsite, do not tally with the details mentioned in thecontract note, immediately get in touch with theInvestors Grievance Cell of NSE/MCX-SX.

1.3.8 Ensure that payment of funds against settlement isgiven to the concerned member within oneworking day prior to the date of pay-in announce byNSE/MCX-SX or its Clearing Corporation. Paymentshould be made only by account payee cheque infavour of the firm/company of the trading memberand a receipt or acknowledgement towards whatsuch payment is made be obtained from the member.

1.3.9 In case pay-out of funds is not received on the nextworking day after date of pay-out announced by NSE/MCX-SX or its Clearing Corporation, please followup with the concerned member for its receipt. In casepayout is not received as above from the memberwithin five working days, ensure that you lodge acomplaint immediately with the Investors’ GrievanceCell of NSE/MCX-SX.

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1.3.10 Every member is required to send a complete‘Statement of Accounts’, for both settlements andmargins, to each of its constituents, at such periodicityas may be prescribed from time to time. You shouldreport errors, if any, in the Statement immediately,but not later than 30 calendar days of receipt thereof,to the member. In case the error is not rectified orthere is a dispute, ensure that you refer such matterto the Investors Grievance Cell of NSE/MCX-SX,without delaying.

1.3.11 In case of a complaint against a member, you shouldaddress the complaint to the Office as may bespecified by NSE/MCX-SX from time to time.

1.4 In case where a member surrenders his membership, NSE/MCX-SX gives a public notice inviting claims, if any, frominvestors. In case of a claim, relating to “transactions executedon the trading system” of NSE/MCX-SX, ensure that you lodgea claim with NSE/MCX-SX/Clearing Corporation within thestipulated period and with the supporting documents.

1.5 In case where a member is expelled from trading membershipor declared a defaulter, NSE/MCX-SX gives a public noticeinviting claims, if any, from investors. In case of a claim, relatingto “transactions executed on the trading system” of NSE/MCX-SX, ensure that you lodge a claim with NSE/MCX-SX within

the stipulated period and with the supporting documents.

1.6 Claims against a defaulter/expelled member found to be validas prescribed in the relevant Rules/Bye -laws and the schemeunder the Investors’ Protection Fund (IPF) may be payable asprescribed by SEBI.

Notes:

1. The term ‘constituent’ shall mean and include a client, acustomer or an investor, who deals with a trading member ofNSE/MCX-SX for the purpose of buying and / or selling ofcurrency derivatives contract through the mechanism providedby NSE/MCX-SX.

2. The term ‘member’ shall mean and include a member or abroker or a stock broker, who has been admitted as such byNSE/MCX-SX and who holds a registration certificate fromSEBI.

3. The term ‘contract’ refers to currency derivatives contract andthe term ‘underlying’ refers to the underlying currency of suchcurrency derivatives contracts.

CONSENT FOR PROPRIETARY BUSINESS

To,

Dear Sir / Madam,

Under instruction of SEBI, The National Stock Exchange Ltd.(NSE), The Bombay Stock Exchange Limited (BSE), MCX Stock ExchangeLtd. (MCX-SX) has directed all its members to inform their clients whether they engage in proprietary trading in this regard we wish toinform you that we as a company do engage in proprietary Business in the Cash/F&O/Currency Derivatives Segments of NSE, CashSegments of BSE and Currency Derivatives Segment of MCX-SX.

Kindly take note of the above and oblige.

Thanking you

Truly Yours


Authorised signatory

I have read the above letter.

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SUPPLEMENTAL MEMBER - CLIENT AGREEMENT - BSE (ITORS TRADING)

(To be give by the Broker to the Client)

This Supplement agreement is made and executed at........................this.........................day of...........,20................ between M/s. RR EquityBrokers Pvt. Ltd., a body corporate, incorporated under theprovisions of the companies act, 1956 and having its CorporateOffice : 47, M.M. Road, Rani Jhansi Marg, New Delhi-110055(hereinafter called lithe stock broker”) which expression shall,unless repugnant to the context or meaning thereof, be deemedto mean and include its assigns and successors in interest anditself in the capacity of a trading member while trading in the cashsegment and derivatives segment, as the case may be, of the onepart;

And


WHEREAS:

1. The STOCK BROKER is a member of the Bombay StockExchange Ltd. (lithe Exchange”) and is also registered withthe Securities & Exchange Board of India (“SEBI”) as a stockbroker with SEBI Registration No. INB011219632 for cashsegment.

2. The Client is a client/constituent of the stock broker, and thestock broker and the Client have entered into a MemberClient Agreement date as specified in (“the Main Member-Client Agreement”);

3. The stock broker offers and/or proposes to offer the ITORSService to its clients; and the Client desires to avail of thestock broker’s ITORS Service for purchasing, selling orotherwise dealing in securities;

4. The stock broker and the Client desire to enter into thisSupplemental Agreement to the Main Member-ClientAgreement in order to record the agreement between themrelating to the stock broker’s ITORS Service to be availed ofby the Client.

IT IS HEREBY AGREED BETWEEN THE STOCK BROKERAND CLIENT as follows:

1. Definitions:

1.1 In this Agreement (including the Recitals above), unless thecontext otherwise requires the following words shall havethe following meanings:

i. “The Exchange” means the Bombay Stock ExchangeLtd. and includes a segment of the Exchange.

ii. “Exchange Provisions” means the Rules, Bye-laws,Regulations, Business Requirement, Specifications,handbooks, notices, circulars and resolutions of theExchange or any segment of the Exchange in forcefrom time to time and includes the MinimumRequirements Handbook for ITORS prescribed by theExchange, as amended from time to time.

iii. “ITORS” means Internet based Trading through OrderRouting System, being a system approved by theExchange for enabling clients to route their orders totheir stock broker-brokers over the internet.

iv. “ITORS Account Application” means the applicationsubmitted by the Client to the stock broker to permit theClient to avail of the stock broker’s ITORS Service.

v. “ITORS Service” or “Service” means the service offeredby the stock broker to its clients through ITORS whereunder the clients can route their orders for purchase,sale and other dealings in securities through the stockbroker’s ITORS System.

vi. “STOCK BROKER’s ITORS System” or “STOCKBROKER’s ITORS Website” means the web sitehosted by the stock broker on the internet through whichthe stock broker offers the ITORS Service and includesthe hardware and software used for hosting andsupporting the Website.

vii “Password” means an alphanumeric code used by theClient to validate his/her user name and to access theService.

viii. “SEBI” means the Securities & Exchange Board of India.

ix. “User name” means an alphanumeric loginidentification used by the Client for accessing theService.

1.2 In this Agreement, headings are used for convenience andease of reference only and shall not affect the constructionor interpretation of any provision of this Agreement.

1.3 In this Agreement, unless the context otherwise requires,reference to the singular includes a reference to the plural

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and vice-versa, and reference to any gender includes areference to all other genders.

1.4 In this Agreement, unless the context otherwise requires,references to Recitals and Clauses shall be deemed to be areference to the recitals and clauses of this Agreement.

1.5 References to any enactment are to be construed as referringalso to any amendment or re-enactment thereof and to anyrule, bye-law, regulation, business requirement,specification, order or other provision made under it.

2. AGREEMENT TO PROVIDE AND AVAIL OF THE ITORSSERVICE:

The stock broker agrees to provide the stock broker’s ITORSService to the Client, and the Client agrees to avail of thestock broker’s ITORS Service, on and subject to the termsand conditions of this Agreement, the Exchange Provisionsand the terms of the stock broker’s ITORS Web Site.

3. USER NAME AND PASSWORD:

3.1 The Client will be entitled to a user name and password,which will enable him to access the stock broker’s ITORSSystem for availing of the Service.

3.2 The Client is aware that the stock broker’s ITORS Systemitself generates the initial password and that the stock brokeris aware of the same. The Client agrees and undertakes toimmediately change his initial password upon receipt thereof.The Client is aware that subsequent passwords are notknown or available to the stock broker.

3.3 The Client shall be responsible for keeping the User nameand Password confidential and secure and shall be solelyresponsible for all orders entered and transactions done byany person whosoever through the stock broker’s ITORSSystem using the Client’s User name and/or Passwordwhether or not such person was authorised to do so.

3.4 The Client shall immediately inform the stock broker of anyunauthorised use of the Client’s User name or Passwordwith full details of such unauthorised use including the dateof such unauthorised use, the manner in which it wasunauthorisedly used, the transactions effected pursuant tosuch unauthorised use, etc.

3.5 The Client acknowledges that he is fully aware of andunderstands the risks associated with availing of a servicefor routing orders over the internet including the risk of misuseand unauthorised use of his User name and/or Password bya third party and the risk of a person hacking into the Client’saccount on the stock broker’s ITORS System andunauthorisedly routing orders on behalf of the Client throughthe System. The Client agrees that he shall be fully liableand responsible for any and all unauthorised use and misuseof his Password and/or User name and also for any and allacts done by any person through the stock broker’s ITORSSystem on the Client’s User name in any manner whatsoever.

3.6 The Client shall log off from the ITORS Service at any timethe Client is not accessing or using the Service and anyliability incurred to the Client as a consequence of the Clientnot logging off the Service shall borne solely by the Client.

3.7 Without prejudice to the provisions of Clause 3.5, the Clientshall immediately notify the stock broker in writing with fulldetails if:

i. he discovers or suspects unauthorised access throughhis User name, Password or account,

ii. he notices discrepancies that might be attributable tounauthorised access, he forgets his password or hediscovers a security flaw in the stock broker’s ITORSSystem.

3.8 In any of the above events specified in Clause 3.7, the Clientshall immediately change his Password. However, if the Clientis unable to change his Password by reason of his havingforgotten his Password or his Password having beenunauthorisedly changed by some other person or for anyother reason then the Client shall immediately request thestock broker in writing to discontinue his old Password; andthereupon the stock broker shall cause the stock broker’sITORS System to discontinue the use of the Client’s oldPassword and the stock broker’s ITORS System shallgenerate a new Password for the Client which shall becommunicated to the Client. At no point in time shall thestock broker be liable for any loss, whether notional or actual,that may be suffered by the Client on account of the misuseof the Password.”

4. TRANSACTIONS AND SETTLEMENTS:

4.1 All orders for purchase, sale or other dealings in securitiesand other instructions routed through the stock broker’sITORS System via the Client’s User name shall be deemedto have been given by the Client.

4.2 The orders and instructions and all contracts andtransactions entered into pursuant thereto and the settlementthereof will be in accordance with the Exchange Provisions.

4.3 The stock broker may from time to time impose and varylimits on the orders that the Client can place through thestock broker’s ITORS System (including exposure limits,turnover limits, limits as to the number, value and/or kind ofsecurities in respect of which orders can be placed, thecompanies in respect of whose securities orders can beplaced, etc.). The Client is aware and agrees that the stockbroker may need to vary or reduce the limits or impose newlimits urgently on the basis of the stock broker’s riskperception and other factors considered relevant by the stockbroker, and the stock broker may be unable to inform theClient of such variation, reduction or imposition in advance.The Client agrees that the stock broker shall not be

39

responsible for such variation, reduction or imposition or theClient’s inability to route any order through the stock broker’sITORS System on account of any such variation, reductionor imposition of limits. The Client understands and agreesthat the stock broker may at any time, at its sole discretionand without prior notice, prohibit or restrict the Client’s abilityto place orders or trade in securities through the stock broker.

4.4 Though orders will generally be routed to the Exchange’scomputer systems within a few seconds from the time theorder is placed by the Client on the stock broker’s ITORSSystem, the stock broker shall not be liable for any delay inthe execution of any order or for any resultant loss on accountof the delay.

4.5 The Client agrees that the stock broker may, at its solediscretion, subject any order placed by a Client to manualreview and entry, which may cause delays in the processingof the Client’s order or may result in rejection of such order.

4.6 In case of a market order, the Client agrees that he will receivethe price at which his order is executed by the exchange’scomputer system; and such price may be different from theprice at which the security is trading when his order is enteredinto the stock broker’s ITORS System.

5. MARGIN:

The Client agrees and undertakes to immediately depositwith the stock broker such cash, securities or otheracceptable security, which the stock broker may require asmargin. The Client agrees that the stock broker shall beentitled to require the Client to deposit with the stock broke~a higher margin than that prescribed by the Exchange. Thestock broker shall also be entitled to require the Client tokeep permanently with the stock broker a margin of a valuespecified by the stockbroker so long as the Client desires toavail of the stock broker’s ITORS Service.

6. CANCELLATION REQUESTS

6.1 When the Client places a request to cancel an order, thecancellation of that order is not guaranteed. The order willonly be cancelled if the Client’s request for cancellation isreceived and the order is successfully cancelled before it isexecuted.

6.2 The Client shall not be entitled to presume an order ashaving been executed or canceled until a confirmation fromthe stock broker is received by the Client.

6.3 The Exchange may anull a trade suo-moto without giving areason therefor. In the event of such anullment, the stockbroker shall be entitled to cancel the relative contract(s) withthe Client.

7. BROKERAGE, COMMISSIONS AND FEES

7.1 The Client agrees to pay the stock broker brokerage,commission, fees, service tax and other taxes and transactionexpenses as they exist from time to time and as they apply to

the Client’s account and transactions, and the services thathe receives from the stock broker.

7.2 A schedule of brokerage, fees and commissions, applicableservice and other taxes and other transaction expenses shallbe provided by the stock broker to the Client from time totime upon request by the Client.

8. CONFIRMATIONS

Online confirmation will be available to the Client uponexecution or cancellation of an order placed by him throughthe stock broker’s ITORS System. This shall be followed bya confirmation, which may be sent by postal mail, electronicmail or other electronic means. It is the responsibility of theClient to review upon first receipt, whether delivered to himonline, by postal mail, by electronic mail, or other electronicmeans, all confirmations of transactions or cancellations.

9. INVESTMENT ADVICE

9.1 The Client acknowledges that the stock broker shall not beliable to provide him with any legal, tax, investment oraccounting advice or advice regarding the suitability orprofitability of a security or investment.

9.2 The Client also acknowledges that the stock broker’semployees are not authorized to give any such advice andthat the Client will not solicit or rely upon any such advicefrom the stock broker or any of its employees.

9.3 The Client agrees that in the event of the stock broker or anyemployee or official of the stock broker providing anyinformation, recommendation or advice to the Client, theClient may act upon the same at the sole risk and cost of theClient, and the stock broker shall not be liable or responsiblefor the same.

9.4 The Client assumes full responsibility with respect to hisinvestment decisions and transactions.

9.5 The stock, broker, its officers, directors, partners, employees,agents and affiliates will have no liability with respect to anyinvestment decisions or transactions of the Client.

10. SUPPLEMENTAL TO MAIN MEMBER - CLIENTAGREEMENT:

This Agreement is supplemental to, and does not supersede,the Main Member-Client Agreement. Save and except asmodified expressly or by implication by this Agreement theExchange Provisions or the terms of the stock broker’s ITORSWebsite, the provisions of the Main Member-ClientAgreement shall apply mutatis mutandis to the extentapplicable to dealings between the stock broker and theClient pursuant to or otherwise relating to the stock broker’sITORS Service.

11. REPRESENTATIONS AND WARRANTIES OF CLIENT

The Client represents and warrants to the stock broker that:

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11.1 All the information provided and statements made in theClient’s ITORS Account Application are true and correct andare not misleading (whether by reason of omission to state amaterial fact or otherwise) and the Client is aware that thestock broker has agreed to provide the stock broker’s ITORSService to the Client on the basis, inter alia, of the statementsmade in the Client’s ITORS Account Application.

11.2 The Client is aware and acknowledges that trading over theinternet involves many uncertain factors and complexhardware, software, systems, communication lines,peripherals, etc. which are susceptible to interruptions anddislocations; and the stock broker’s ITORS Service may atany time be unavailable without further notice. The stockbroker and the Exchange do not make any representation orwarranty that the stock broker’s ITORS Service will beavailable to the Client at all times without any interruption.The Client agrees that he shall not have any claim againstthe Exchange or the stock broker on account of anysuspension, interruption, non-availability or malfunctioningof the stock broker’s ITORS System or Service or theExchange’s service or systems for any reason whatsoever.

11.3 The Client has the required legal capacity to, and isauthorised to, enter into this Agreement and is capable ofperforming his obligations and undertakings hereunder.

11.4 All actions required to be taken to ensure compliance of allthe transactions, which the Client may enter into pursuant tothis Agreement with all applicable laws, shall be completedby the Client prior to such transaction being entered into.

11.5 The Client shall abide by the Exchange Provisions and theterms of the stock broker’s ITORS Website in force from timeto time.

11.6 Any instructions given by an authorised representative ofthe Client to the stock broker (or to the stock broker’srepresentative) shall be binding on the Client.

12. REPRESENTATIONS AND WARRANTIES OF THESTOCK BROKER:

The stock broker represents and warrants to the Client that:

The stock broker’s ITORS System has been approved bythe Exchange. Where the ITORS system has not beenapproved by the Exchange, the stock broker has applied/proposes to apply to the Exchange to approve the said ITORSSystem and the stock broker will commence the stock broker’sITORS Service only after the Exchange has approved thestock broker’s ITORS System.

13. MARKET DATA

13.1 The Client understands that the Exchange asserts aproprietary interest in all of the market data it furnishes,directly or through the stock broker or otherwise. The Clientunderstands that the Exchange does not guarantee thetimeliness, sequence, accuracy or completeness of marketdata or any other market information, or any messages

disseminated by it. Neither the stock broker nor the Exchangeshall be liable in any way for incorrect, misleading, incompleteor dated data or information and, if the Client acts on thebasis of the same, he shall do so at his own risk and cost.

13.2 The Client shall not furnish market information providedby the Exchange to any other person or entity forconsideration or otherwise and in the event the Client usessuch information he shall do so at his own risk and cost.

14. NOTICES

14.1 Any notice or other communication to be given by anyparty to the other in connection with this Agreement shall bein writing and shall be deemed duly served if deliveredpersonally or sent by facsimile transmission or by prepaidregistered post or bye-mail to the addressee at the addressor (as the case may be), the e-mail or facsimile number (ifany), of that party set opposite its name below.

To the STOCK BROKER at the execution page.

To the Client as per details below at the execution page.

or at such other address, facsimile number or e-mail addressas the party to be served may have notified the other inaccordance with the provisions of this Clause.

Notwithstanding anything stated above, communicationrelating to orders, margins, maintenance calls and othersimilar matters in the ordinary course of dealings betweenthe stock broker and the Client may be communicated orally.

15. EXTRAORDINARY EVENTS

The stock broker and/or its agents will not be liable for lossescaused directly or indirectly by government restriction,Exchange or market rulings, suspension of trading, computer,communication, telephone or system failure, war,earthquakes, flood, accident, power failure, equipment orsoftware malfunction, strikes or any other conditions beyondthe stock broker’s control.

16. AMENDMENT TO AGREEMENT

The Client understands and agrees that the stock brokermay discontinue his ITORS Service in part or in its entiretyand change the terms of the Service (including the terms onthe stock broker’s ITORS Website) at any time and fromtime to time, without prior notice.

17. TERMINATION OF AGREEMENT:

17.1 The Client agrees that the stock broker may at any timeterminate this Agreement. The Client is aware and acceptsthat in view of the nature of the transactions and dealingsinvolved in providing the Service it may not be possible forthe stock broker to give advance notice of such terminationor suspension to the Client.

17.2 The Client may at any time terminate this Agreement by notless than seven days notice to the stock broker, provided

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that unless the stock broker otherwise permits, the Clientshall not be entitled to terminate this Agreement so long asany amount is payable or securities are deliverable by theClient to the stock broker.

17.3 The termination of this Agreement shall not affect any rightsor obligations of either party which have accrued prior to thetermination or which may arise out of or in connection withacts done or omitted prior to the termination.

17.4 The provisions of Clauses 14, 20 and 21 of this Agreementshall survive the termination of this Agreement.

18. SEVERABILITY

In the event of any provisions of this Agreement being heldto be or becoming invalid, unenforceable or illegal for anyreason, this Agreement shall remain otherwise in full forceapart from the said provision which will be deemed deleted.The parties shall however attempt to replace the deletedprovision with a legally valid provision that reflects the samepurpose as the deleted provision to the greatest extentpossible.

19. WAIVER

No forbearance, relaxation or inaction by any party at anytime to require the performance of any provision of thisAgreement shall in any way affect, diminish, or prejudice theright of such party to require the performance of that or anyother provision of this Agreement or be considered to be a

waiver of any right, unless specifically agreed in writing.

20. LAW AND JURISDICTION

20.1 This Agreement shall be governed by and construed in allrespects in accordance with the laws of the Republic of Indiaand, subject to the provisions of Clause 21, the courts of lawat place of execution of this agreement by Stock Broker shallhave jurisdiction over this Agreement and the arbitrationproceedings in relation to the Agreement.

20.2 This Agreement and all contracts and transactions betweenthe stock broker and the Client pursuant hereto shall besubject to the Exchange Provisions, the Rules, Bye-Laws,Regulations, and other provisions of its clearing house, ifany, the provisions of the Securities and Exchange Board ofIndia Act, 1992, the Securities Contracts (Regulation) Act of1956 and the rules and regulations made thereunder andas amended from time to time.

21. DISPUTE RESOLUTION

Any claim, dispute or difference arising between the Partieshereto in respect of this Agreement or any contracts, dealingsor transactions pursuant hereto or any rights, obligations,terms or conditions as contained in this Agreement or theinterpretation or construction of this Agreement shall besubject to the grievance redressal procedure of the Exchangeand shall be subject to the arbitration procedure asprescribed by the Exchange Provisions.








Tel.: +91-11-23636363-62 Fax : +91-11-23636743

SEBI Registration Number (Cash) INB011219632



WITNESS

1.

2.

Signature(s)

Name

Address

WITNESS

1.

2.

42

MEMBER - CLIENT AGREEMENT FOR INTERNET TRADING - NSE

This agreement is made and executed at.........................

this.........................day of...........,20................ between M/s. RR Equity

Brokers Pvt. Ltd., a body corporate, incorporated under the

provisions of the companies act, 1956 and having its Corporate

Office : 47, M.M. Road, Rani Jhansi Marg, New Delhi-110055

(hereinafter called “the stock broker”) which expression shall,

unless repugnant to the context or meaning thereof, be deemed to

mean and include its assigns and successors in interest and itself

in the capacity of a trading member while trading in the cash

segment, derivatives segment and currency derivatives segment,

as the case may be, of the one part;

And

Mr/Ms/M/s ……….......................................................……S/o.......................................................................................an Individual/aSole Proprietary concern/a Partnership Firm/a HUF/a BodyCorporate or any other legal entity registered/ incorporated underthe provisions of the Indian partnership act, 1932/ the companiesact, 1956, whose particulars are given hereunder at the executionpage (hereinafter called “the client”) and having his/its office/registered office at …………............................................……………..........................................................................................................., whichexpression shall, unless repugnant to the context or meaningthereof, be deemed to mean and include his/her heirs, executors,administrators and legal representatives/the partners for the timebeing of the said firm, the survivor or survivors of them, the memberor members for the time being of the Hindu Undivided Family(HUF) and their respective heirs, executors, administrators andlegal representatives/its successors, as the case may be, of the

other part;

WITNESSTH :

Whereas the MEMBER is registered as TRADING MEMBER of

National Stock Exchange of India Ltd. with SEBI Registration No.

INB231219636, INF231219636, INE231219636

Whereas the CLIENT is desirous of investing/trading in those

securities admitted for dealing on the Exchange as defined in the

Bye-Laws of the Exchange.

Whereas the CLIENT has satisfied itself of the capability of the

MEMBER to deal in securities and wishes to execute his orders

through him and the CLIENT shall continue to satisfy itself of such

capability of the MEMBER before executing orders through him.

Whereas the MEMBER has satisfied and shall continuously satisfy

himself about the genuineness and financial soundness of the

CLIENT and investment objectives relevant to the services to be

provided.

Whereas the MEMBER has taken steps and shall take steps to

make the CLIENT aware of the precise nature of the MEMBER’s

liability for business to be conducted, including any limitations on

that liability and the capacity in which it acts.

In consideration of the mutual understanding as set forth in this

agreement, the parties thereto have agreed to the following terms

and conditions:

1. The provisions of this agreement shall always be subject to

Government notifications, any rules, regulations and

guidelines issued by SEBI and Stock Exchange rules,

regulations and Bye-laws that may be in force from time to

time.

2. In the event of death or insolvency of the client or his otherwise

becoming incapable of receiving and paying for or delivering

or transferring securities which the client has ordered to be

bought or sold, MEMBER may close out the transaction of the

client and the client or his legal representative shall be liable

for any losses, costs and be entitled to any surplus which may

result therefrom.

3. The agreement entered into between the MEMBER and the

CLIENT shall stand terminated by mutual consent of the parties

by giving at least one month written notice. Such cancellation

or termination shall not have any effect on transaction executed

before the date of such notice of termination and the parties

shall enjoy the same rights and shall have same obligations

in respect of such transactions.

4. The instructions issued by an authorized representative of

the client shall be binding on the client in accordance with the

letter authorizing the said representative to deal on behalf of

the client.

5. The CLIENT is aware that authentication technologies and

strict security measures are required for the internet trading

through order routed system and undertakes to ensure that

the password of the CLIENT and/or his authorised

representative are not revealed to any third party.

6. The CLIENT agrees that the MEMBER shall not be liable or

responsible for non-execution of the orders of the CLIENT

due to any link/system failure at the CLIENT/ MEMBERS/

EXCHANGE end.

43

7. The Stock Exchange may cancel a trade suo-moto without

giving any reason thereof. In the event of such cancellation,

MEMBER shall be entitled to cancel relative contract(s) with

CLIENT.

8. The MEMBER shall also send the Order/Trade confirmation

slip through E-mail to the CLIENT at his request, within

................................................. (time period as specified by the

Client) from the time of execution of order/trade on the NEAT

system, as the case may be. The CLIENT agrees that the

information sent by MEMBER by E-mail is deemed to be a

valid delivery of such information by the MEMBER.

9. The CLIENT is aware that the MEMBER has provided on the

web site a facilities for reconfirmation of orders, which are

larger than that specified by the MEMBER’s risk management,

by the MEMBER and is also aware that the MEMBER has the

discretion to reject the execution of such orders based on his

risk perception,

10. The Member and the Client are aware of the provisions of

Bye-Laws, Rules and regulations of the Exchange relating to

resolution of disputes/differences through the mechanism of

arbitration provided by the Exchange and agree to abide by

the said provisions.

11. All trades, transactions and contracts are subject to the

Byelaws, Rules and Regulations of the Exchange and shall

be deemed 10 be and shall take effect as wholly made, entered

into and to be performed in the city of Mumbai and the parties

to such trade shall be deemed to have submitted to the

jurisdiction of the Courts in Mumbai for the purpose of giving

effect to the provisions of the Rules and Regulations of the

Exchange.








Tel.: +91-11-23636363-62 Fax : +91-11-23636743


SEBI Registration Number (Derivative Market) INF231219636




WITNESS

1.

2.

Signature(s)

Name

Address

WITNESS

1.

2.

44

ADJUSTMENT OF BALANCES IN FAMILY ACCOUNTS

Date:

To,RR Equity Brokers Pvt. Ltd.Corp. Office : 47, M.M. Road, Rani Jhansi Marg, New Delhi-110055Tel.: +91-11-23636363-62 Fax : +91-11-23636743Dear Sir,

Sr. No. Client Code Name of the Client and Address Client Signature

We the above mentioned entities, constituents have been regularly trading and investing with you on the BSE & / or NSE (Cash & orDerivatives segment)

For the purpose of operations with you, we have amongst ourselves to be treated collectively as a FAMILY of accounts with you.

In order to facilitate operations, we hereby authorize you to set off the outstanding (including interest on delayed payments) in any of theabove mentioned accounts against credits available or arising in any of the above accounts irrespective of the fact that such credit in theaccounts may pertain to transactions in any segment of any exchange and or / may pertain to the value of cash margin or against thevalue of sale proceeds of collateral shares provided to you by any constituents of the family.

We are aware and have agreed and authorized you, the Member to charge interest on net total debit balance of the Family accounts,after appropriating the credit balance/s in the family accounts. In the case of NIL debit balance after setting off the credit balance againstthe debit balance, the Member shall charge on interest.

We agree to intimate you from time to time of any additions or deletions of CLIENT/s to the said family. We agree that any deletion shalltake effect only on completion of settlement and adjustment of balances in all the accounts of the Client/s belonging to the family.

In order to facilitate operations, we authorized you to maintain you to maintain a running account instead of a settlement clearness ofdues or delivery of securities to us.

We have affixed our signature herein consenting to the above mentioned terms of adjustment.

Name Signature

D D M M Y Y Y Y

45

REPRESENTATIVE AUTHORISATION LETTER

Date:

To,RR Equity Brokers Pvt. Ltd.Corp. Office : 47, M.M. Road, Rani Jhansi Marg, New Delhi-110055Tel.: +91-11-23636363-62 Fax : +91-11-23636743

Dear Sir,

I/ We, Mr. / Ms. ____________________________ trading with you under client code no.: _____________, residing at__________________________ do hereby authorise Mr. / Ms. ____________________, (whose specimen signature is as attestedbelow) acting as ________________ (designation) of M/s _______________________________ having its registered office at________________________________________ to act as my /our authorised representative to sell, purchase, transfer, endorse,negotiate and / or otherwise deal in securities on my /our behalf and also to sign and submit such documents as may be required by you.

I/We hereby agree to ratify and confirm whatsoever shall be done by my /our authorised representative by virtue of this authority.

D D M M Y Y Y Y

Photograph of theAuthorised

Representative

Signature of theAuthorised

Representative

As a proof of identification of the aforementioned Authorised Representative, I / we hereby certified true copy of any one of the following:

• Passport No, Place of Issue, Expiry Date / Driving License/ Ration Card / Voters Identity Card

As a proof of residence of the aforementioned Authorised Signatory, I / we hereby submit certified true copy of any one of the following:

- Ration Card

- Bank Pass Book

Kindly take the same on your records.

Thanking You.

Yours faithfully

Signature :

Client Name :

Specimen Signature ___________________________

of the Authorised Representative

Verified and Attested by ___________________________

46

Date:

To,RR Equity Brokers Pvt. Ltd.Corp. Office : 47, M.M. Road, Rani Jhansi Marg, New Delhi-110055Tel.: +91-11-23636363-62 Fax : +91-11-23636743Dear Sir,

I/We have been regularly trading and investing or plan to do so, with you at the Bombay Stock Exchange (BSE) / National StockExchange of India Ltd. (NSE) / MCX-SX, (Cash / Futures & Options Segment / Currency Derivative). To facilitate ease of operations, I/We request and authorize you as under:

1. My/our orders for purchases/sale of shares and securities will be given on telephone or orally through my/our personal/familyaccount(s) and that I/We will not operate for any client and will not issue any further bills for the transactions executed throughyou.

2. I/We hereby authorize you not to provide me/us other Confirmation/ Modification/ Cancellation Slips and Trade ConfirmationSlips to avoid unnecessary paper work. I/We shall get the required details from contracts notes issued by you.

3. I/We agree to collect the contracts notes/ bills / account statement and other relevant documents for the deals executed and incase of non-collection, you may dispatch the same through ordinary post, courier or through any other mode at the addressprovided by me/us and it shall be deemed to be effective delivery of the same to me/us.

4. I/We hereby authorize you to undertake any transfer inter-se of funds, securities, debits & credits available between varioussegments i.e. BSE/NSE/MCX-SX, capital market and Futures & Option / Derivative Segment and Currency Derivatives.

6. I/We agree and authorise you to liquidate/close out all or any of my/our positions for non-payment of margins or other account.

7. I/We hereby authorize you to liquidate/close out all or any of my/our positions for non-payment of margins or other account,outstanding debts etc. I/We agree to bear my and all losses and financial charges on account of such liquidation/closeout.

8. I/We agree that you may refuse to execute any particulars transaction without assigning any reason therefore.

9. I/We agree not to hold you liable or responsible for delay in performance or your obligations due to contingencies beyond yourcontrol such as fire, flood, civil commotion, earthquake, riots, war, strikes, failure of systems, failure of internet links, Government/regulatory actions or any such other contingencies which may be beyond your control.

10. This has reference to member client agreement entered with you for dealing through you in the Capital Market Segment ofNSE/BSE and or Future & Option (F&O) Segment of NSE and Currency Derivatives (any exchange). In terms of the memberclient agreement entered with you, I/We hereby give you my/our mandate to send me/us the contract notes in the digital formin the prescribed format at my/our email ID/address ....................................................................................................................................I/We will intimate you discrepancies, if any, within 24 hours of issuance of contract notes. My/our non-verification or notaccessing contract notes on regular basis will not be the cause of any dispute with you.

Thanking you,

Yours truly

Signature :

Client Name :

LETTER OF AUTHORITY

D D M M Y Y Y Y

47

This contract (hereinafter referred to as Contract) is made andexecuted at.........................this.........................day of...........,20................between M/s. RR Equity Brokers Pvt. Ltd., a body corporate,incorporated under the provisions of the companies act, 1956,and having its Corporate Office : 47, M.M. Road, Rani JhansiMarg, New Delhi-110055 (hereinafter called RR Equity Brokers)which expression shall, unless repugnant to the context or meaningthereof, be deemed to mean and include its successors andassigns, as the case may be, of the one part;

And

Mr./Ms.......................................................................................................anIndividual/a Sole Proprietary concern/a Partnership Firm/a HUF/a Body Corporate or any other legal entity registered/ incorporatedunder the provisions of the relevant act, whose particulars aregiven hereunder at the execution page (hereinafter called “theClient”) and having his/its office/registered office at......................................................................................................................................................................................................which expression shall, unlessrepugnant to the context or meaning thereof, be deemed to meanand include his/her heirs, executors, administrators and legalrepresentatives/the partners for the time being of the said firm, thesurvivor or survivors of them, the member or members for the timebeing of the Hindu Undivided Family (HUF) and their respectiveheirs, executors, administrators and legal representatives/itssuccessors, as the case may be, of the other part;.

RR Equity Brokers and Client are referred to hereinafter individuallyas a Party and collectively as Parties.

Whereas:

A. Client desirous of availing services/ facilities available withRR Equity Brokers had entered into agreement(s) with RREquity Brokers.

B. The Client finds that it is necessary to enter into this Contractto bring out clearly the scope of services to be rendered byRR Equity Brokers and responsibilities of Client and RR EquityBrokers respectively.

C. RR Equity Brokers and Client enter into this Contract to reduceto writing the understanding between Client and RR EquityBrokers agreeing to be bound by the terms and conditions asgiven hereunder in consideration of the mutual covenantscontained herein and other good considerations sufficiencyof which is hereby acknowledged by RR Equity Brokers aswell as Client.

Now, in view of the foregoing

In this Contract, unless the context otherwise requires:

a) Words denoting the singular number shall include the pluralvice versa;

b) The pronouns “he”, “she”, “it” and their cognate variations areused as inter changeable and should be interpreted inaccordance with the context;

c) Words denoting a person shall include an individual,corporation, company, partnership, trust or other entity;provided however that clauses specifically applicable to acompany or body corporate shall not apply to any other entity;

d) References to the word “include” or “including” shall beconstrued without limitation;

CONTRACT BETWEEN RR EQUITY BROKERS & CLIENT

e) Reference to any party to this Contract or any other agreementor deed or other instrument shall include its successors orpermitted assigns;

(f) References to recitals and clauses shall be deemed to be areference to the recitals and clauses of this Contract;

g) References to any enactment shall be construed as referringalso to any amendment or re-enactment thereof and to anyrule, bye-law, regulation, business requirement, specification,order, notification, circular or other provision made under it.

1. The Client assures RR Equity Brokers that he / she / it iseligible to enter into this Contract under the applicable laws.The Client shall continuously monitor his / her / its eligibility toact under the applicable laws including but not limited toSecurities and Exchange Board of India (SEBI) Act andRegulations framed thereunder such as insider trading etc.Foreign Exchange Management Act (FEMA) and Regulationsthereunder, Income Tax Act and any other act/law / rules andregulations in force. If at any time this assurance ceases to beapplicable, Client shall refrain from dealing with RR EquityBrokers forthwith.

2. The Client hereby acknowledges that he/she/it is aware thatthere exist certain regulations/ restrictions etc. under ForeignExchange Management Act and / or issued by Reserve Bankof India (RBI) regarding investment by foreign entities/personsincluding non resident Indians (NRls). The Client herebyagrees to be solely responsible to make investments only asper applicable limits/ regulations in force from time to time.

3. The Client agrees to keep himself/ herself/ itself updatedregarding the changes in the rules, regulations, bye laws ofthe stock exchange(s) & / or guidelines issued by SEBI and/orthe requirements/procedures of RR Equity Brokers. The Clientagrees that he/she/it shall keep a track of any & all suchchanges by logging on to the respective websites of theexchange(s) (www.nseindia.com; www.bseindia.com) or SEBI(www.sebi.gov.in) or RR Equity Brokers Pvt. Ltd.(www.rrfinance.com)

4. The Client shall ensure that he/she/it shall not deal throughRR Equity Brokers on the stock exchange of which he/she/it isregistered as a broker or a sub broker through any brokerother than RR Equity Brokers except with the permission ofexchange.

5. The Client agrees to ensure that he / she / it shall not act as asub-broker / intermediary without getting registered under theprovision of law in force.

6. Client understands and agrees that the relationship beingestablished between RR Equity Brokers and Client whetherunder the agreement(s) already entered between RR EquityBrokers and Client or under this Contract is that Client shallbe the principal and RR Equity Brokers shall be an agent toClient in the capacity of a broker. The Client shall from time totime place orders verbally (himself or acting through attorney/authorized person). The verbal orders can be placed overphone/ mobile phone and/or by visiting the branch to whichthe Client has been assigned/ attached by RR Equity Brokers.The order(s) shall be placed by Client only to designated /

48

authorized dealer of RR Equity Brokers and to no one else.The order(s) given by the Client shall, provided same arereceived within market hours, with details necessary to punchthe same in trading system, subject to availability of marginand/or trading limits be punched in the trading system. TheClient agrees that it shall be sole responsibility of the Client toascertain the status / results / trade of any orders given by him/ her / it. The Client also understands and agrees that theword “orders” includes the cancellation and modificationorders as well.

7. It is Clearly understood and agreed to by Client that no service/facility in the nature of portfolio management advisory servicesetc. are contemplated under the agreement(s) and Contractbetween the Client and RR Equity Brokers. No person workingfor or under RR Equity Brokers whether dealer, relationshipmanager, sub-broker or authorized person is permitted toprovide any services/facilities except that of order placementin trading system (subject to limitations stated above) upondirections of Client. If the Client accepts any portfoliomanagement services/advises/ discretionary tradingarrangement / facility from any person including but not limitedto dealer, relationship manager, sub-broker or authorizedperson then in that event RR Equity Brokers shall in no waybe responsible for the outcome of such services / facilitiesaccepted by Client,. and the relationship of Client with anyperson including with any dealer, relationship manager, sub-broker or authorized person shall be a personal, mutual andprivate relationship between the Client and such person(s)including dealer, relationship manager, sub-broker orauthorized person and Client shall have no recourse/rightagainst RR Equity Brokers what so ever either in law or equity.

8. If the Client is enabled to access the trading system of RREquity Brokers directly say through internet then Client isauthorized to place orders directly as well. The Client agreesthat any communication of orders in any form or mannerwhatsoever to RR Equity Brokers or by entering orders into afacility provided by RR Equity Brokers such as internet etc.neither implies order’s(s)’ acceptance nor assures a tradefrom such order(s) and the Client is also aware that anydeliveries of securities / payout of monies on account of tradesis subject to settlement process being successful particularlyfor trades which are matched within the clients of RR EquityBrokers and the Client hereby agrees not to hold RR EquityBrokers responsible in any manner whatsoever for any delayin settlement which are beyond reasonable control of RREquity Brokers.

9. The Client agrees and acknowledges that RR Equity Brokersshall not be liable to provide him with any legal, tax, investmentor accounting advice or advice regarding the suitability orprofitability of a security or investment and as such allinvestment and disinvestment decisions are based on theClient’s own evaluation of financial circumstances andinvestment objectives. This extends to any decision made bythe Client on the basis of any information that may be madeavailable by RR Equity Brokers including that on the website/trading platform/through SMS etc. The Client will not hold norseek to hold RR Equity Brokers or any of its officers, directors,employees, agents, subsidiaries, affiliates or businessassociates liable for any trading losses or other losses, costs

or damage incurred by the Client consequent upon relying oninformation, research opinions or advice or any otherinformation whatsoever including that on the website whetherput up by RR Equity Brokers or any other agency. The RREquity Brokers does not represent and shall not be deemedto have represented, that the investment information isaccurate or complete. The Client is aware that any informationbased on the research of RR Equity Brokers or other externalsources is merely an estimation of the viability or otherwise ofcertain investments, and RR Equity Brokers shall not bedeemed to have assumed any responsibility for suchinformation. The Client should seek independent professionaladvice regarding the suitability of any investment decision.The Client also acknowledges that RR Equity Brokers’semployees/ agents are not authorized to give any such adviceand that the Client will not solicit or rely upon any such advicefrom RR Equity Brokers or any of its employees / agents.

10. The Client agrees and acknowledges that trading over telecomnetworks involves many uncertain factors and complexhardware, software, systems, communication lines,peripherals, etc. which are susceptible to interruptions,malfunctioning and dislocations etc. RR Equity Brokers doesnot make any representation or warranty about uninterruptedtrading facility and as such, under no circumstances shall RREquity Brokers or anyone involved in creating, producing,delivering or managing RR Equity Brokers’s services be liablefor any direct, incidental, special or consequential damagesthat may result from the use of or inability to use the service,delay in transmission of any communication, in any case forany reason whatsoever (including on account of breakdownin systems) or due to any fraud committed by any personwhether in the employment of RR Equity Brokers or otherwise.

11. The Client agrees that RR Equity Brokers does not guaranteeand shall not be deemed to have guaranteed the timeliness,sequence, accuracy, completeness, reliability or content ofthe market information or messages disseminated to the Client.The RR Equity Brokers shall not be liable for any inaccuracy,error or delay in, or omissions of any such data, information ormessages, due either to any act or omission by RR EquityBrokers or to any “force majeure” event (e.g. Flood,extraordinary weather condition, earthquake or any other actof god, fire, war, insurrection, riot, labour dispute, accident,action of government, communication, power failure, shutdown of the systems for any reason (including on account ofcomputer viruses), equipment or software malfunction); anyfraud committed by any person whether in the employment ofRR Equity Brokers or otherwise or any other cause which isbeyond the reasonable control of RR Equity Brokers.

12. The Client hereby authorizes RR Equity Brokers to take allsuch steps on the Client’s behalf as may be required oradvisable in RR Equity Brokers’s opinion for compliance withthe exchange provisions or any other law or provisions or tocomplete or settle any transactions entered into through orwith RR Equity Brokers or executed by RR Equity Brokers onbehalf of the Client. However, nothing contained herein shalloblige RR Equity Brokers to take such steps.

13. The RR Equity Brokers / service provider may require the

49

Client to use such security measures as deemed fit includingbut not limited to security codes / passwords / customer useridentification number / telephone personal identificationnumber (t-pin) / digital signatures / smart cards etc. hereinaftercollectively referred to as “security protocols”, before acceptingany orders & / or for permitting access to the systems / services/facilities made available by RR Equity Brokers / serviceprovider. The Client agrees to change, wherever possible,such “security protocols” immediately on their receipt andperiodically thereafter also. It shall be the responsibility of theClient using any online trading platform provided by RR EquityBrokers to completely log out rather than close/exit thebrowser/trading application window, RR Equity Brokers shallnot be responsible or liable for any unauthorized trade and/orleakage/hacking of the Client’s personal details and/orfinancial information available on the trading platform shouldthe Client be negligent in adhering to the same. The Clientagrees, accepts and undertakes the sole responsibility for theusage, confidentiality, protection and secrecy of all such“security protocols”. The Client unconditionally agrees thathe / she / it shall be solely responsible for any / all uses of“security protocols” whether for accessing data / informationor for giving orders / dealings. The Client agrees to bear anylosses / damages which may be caused by any use of or nonuse of “security protocols” and it shall be no defence that suchaccess to data / information & / or the orders / deals weremade through unauthorized use of “security protocols” by anyperson by whatever means including hacking, theft, forgery /electronic forgery or any other mode or manner.Notwithstanding anything stated hereinabove, on coming toknow of any unauthorized access / use of any “securityprotocols”, it shall be the duty of the Client to take all necessarysteps including but not limited to informing RR Equity Brokersin writing with full details of the same and ensuring that suchbreach, loss of passwords / security protocols and / orconfidentiality are immediately stopped. RR Equity Brokersreserves right to suspend the client account/reject the ordersin case of any misuse identified / wrong credential provided /any doubt on the person / manner providing the orders forand on behalf of client in the interest of safeguarding client’smonies and avoid frauds.

14. Client understands that for performing the acts contemplatedunder this relationship/contract RR Equity Brokers has to usesoftwares and hardwares/machines etc. Client understandthat as regards trading the softwares/programmes of stockexchanges are used with additional softwares permitted bystock exchanges such as (without limitation and as illustration)ODIN DIET Client, Net.Net, NOW Online etc. While stockexchanges take all care have fullproof softwares/programmesand additional softwares/programmes such as ODIN DIETClient, Net.Net, NOW Online etc. are pre-approved by stockexchanges no warranty /guarantee is taken either by thevendors/suppliers of any these softwares/programmes of theirfullproof/glitch/bug free performance always. Their operationscan also be effected due to software viruses etc. which mayinteralia lead to disruption in trading / order entry and/or false/incorrect display of order/trade status including but not limitedto display of trade confirmation etc. when actually trade hasnot occurred or has occurred contrary to display. Thereforethe Client agrees that display or printout of any transactions

taken out from any system / computer at the time of order entryor instructions entry or thereafter, including but not limited tonet banking and/or electronic transfer of securities indepository etc., shall not be construed as the official record ofthe transactions/orders. RR Equity Brokers’s or serviceproviders’ (such as bank’s/stock exchanges/clearing house/clearing corporation/ depository participant/depository) finalofficial record of transaction maintained in their own books ofaccounts or electronic systems shall only be the acceptablerecords and shall be conclusive and binding for all purposes(such as clearing file of stock exchanges etc.). The Clientagrees that this is without prejudice to the right of RR EquityBrokers/service provider to rectify any discrepancy / differenceswhich is due to any inadvertent human error/ system/ computererror etc., at any time without limitation, at the sole and absolutediscretion of RR Equity Brokers and / or any of the serviceproviders.

15. The Client hereby agrees that RR Equity Brokers maycommunicate/ send information to the Client like orderplacement, order confirmations, order modifications, orderexecutions, trade confirmations, trade modifications, bills,transaction statements, account statements, marginrequirements, trading / settlement cycles, delivery / paymentschedules, policies, procedures, notices, frequently askedquestions (FAQs) and any other documents / reports, usingany or more of the following means or methods such as post/ speed post / courier / registered post / registered postacknowledgement due / facsimile / telegram / cable / e-mail /voice mails / telephone (telephone includes such devices asmobile phones etc.) including SMS on the mobile phone orany other similar device; by messaging on the computerscreen of the Client’s computer; by informing the Clientthrough employees / agents of RR Equity Brokers, bypublishing / displaying it on the website of RR Equity Brokers/ making it available as a download from the website of RREquity Brokers; by displaying it on the notice board of thebranch / office through which the Client trades or if thecircumstances, so require, by radio broadcast / televisionbroadcast / newspapers advertisements etc; or any othersuitable or applicable mode or manner. The Client agreesthat the postal department / the courier company /newspapercompany and the e-mail/ voice mail service provider and suchother service providers shall be the agent of the Client andthe delivery shall be complete when communication is givento the postal department / the courier company / the e-mail /voice mail service provider/SMS, etc. by RR Equity Brokersand the Client agrees never to challenge the same on anygrounds including delayed receipt / non receipt or any otherreasons whatsoever.

16. The Client agrees that it is his / her/ its responsibility to reviewany / all information communicated including but not limitedto order placement, order confirmations, order modifications,order executions, trade confirmations, trade modifications, bills,transaction statements, account statements, marginrequirements etc. communicated to the Client by any of theaforesaid means or mode whatsoever, immediately on theirreceipt and take necessary action. All information contained

50

therein shall be binding upon the Client.

17. The Client agrees to use, such facilities/arrangement with banks/depository participants for making or receiving payment offunds/monies and/or securities, as may be prescribed by RREquity Brokers in its absolutely discretion including but notlimited to online or offline facilities of one or more banks ordepositories and Client hereby agrees not to hold RR EquityBrokers responsible for any losses or damage which may besuffered by the Client by use of any such prescribed facilities.

18. The Client agrees that RR Equity Brokers or any serviceprovider such as banks etc., may from time to time prescribeparticular softwares (including but not limited to browsers,operating systems, TCP/IP protocols etc.) / devices /equipments etc. and the Client agrees that such softwares /devices /equipments may need to be changed / upgraded tonewer versions and this may require the Client to suitablyreinstall/ uninstall/ upgrade the said facilities / device /equipments etc. at its end. Such changes may involvedisruption in trading / communication of orders and may evenlead to losses and the Client hereby unconditionally andabsolutely agrees not to hold RR Equity Brokers or serviceproviders or depositories responsible on any account. All costs/ charges /Ievies and fees incurred by the Client for the saidservices shall be borne exclusively by the Client alone.

19. The Client hereby authorizes RR Equity Brokers in its absolutediscretion to maintain records / books of accounts for the Clientseparately or collectively for different exchanges / segmentsof the exchanges & / or any other service which the Client maybe availing such as Depository Services etc. It shall be thesole responsibility of the Client to ascertain the balance ofsecurities & /or funds in all the accounts separately and theClient shall be required to pay / make available necessarymonies / funds and / or securities into anyone or more suchsegregated / aggregated account(s) notwithstanding the factthat an aggregation of the accounts may not require from theClient either any securities and / or monies / funds and theClient hereby agrees not to hold RR Equity Brokers responsiblefor considering shortage of margin / security & / or shortage ofpay in obligations in any account, without aggregating /summing such account with other accounts.

20. Client agrees that any loss due to any erroneous order entry/ erroneous order modification shall be entertained by RREquity Brokers only to the extent of insurance claim received.

21. The Client hereby agrees to use the facilities, data andinformation which is provided by RR Equity Brokers or whichmay become available to the Client as a result of Client’srelationship with RR Equity Brokers purely for purposespermitted by RR Equity Brokers and only for personal useand agrees never to disseminate any information or data forany reason or purposes whatsoever except under a writtenauthority signed by a director of RR Equity Brokers.

22. The Client hereby agrees and declares that he / she / it hasfully assessed and accepted the risks involved in using theservices/ facilities including but not limited to internet basedservices such as but not limited to misuse of passwords,internet frauds, technology risks etc., and agrees not to holdRR Equity Brokers and any / all service providers responsiblefor any damages, losses or negative consequences which

Client may suffer in any manner whatsoever.

23. Client agrees to RR Equity Brokers tape-recording theconversations between Client / Client’s representative andRR Equity Brokers’s officers/ employees/ agents etc. in itsabsolute discretion, either personally or over the telephone.Such recordings may be relied upon by RR Equity Brokers asand when required, and the Client agrees not to challengethe evidentiary value of such recordings.

24. Client wants to make investments in mutual funds, initial publicofferings/follow on public offerings, rights issue, fixed deposit(s)etc. and generally to invest in various avenues / products andto redeem/liquidate any investments and wants RR EquityBrokers to give effect to desires/ requirements of Client bygiving orders/instructions (electronic/ physical/verbal) for thesame and to sign any documents and / or do any and all act(s)as may be required or are deemed necessary in opinion ofRR Equity Brokers for these purposes from time to time

25. In case Client has made any purchase of securities and thedelivery of the same falls short inter-Client at the broker level,Client hereby authorize RR Equity Brokers to make purchasesof the same in the market to make available the delivery of thesaid securities to Client.

26. In case Client has made any sale of securities and due to anyexigencies Client is unable to make available the delivery ofthe same in the designated account within the designatedtime and it is an inter Client delivery at broker level, Clienthereby authorizes RR Equity Brokers to make purchases ofthe same in the market on Client’s behalf to make availablethe delivery of the said securities to the opposite party.

27. Client hereby authorizes RR Equity Brokers to debit Client’saccount with depository services charges, bank charges onaccount of dishonor of cheques, stop payment instructioncharges, demand draft/pay order/PGP charges, NEFT/RTGScharges, call and trade charges, SMS charges, settlementprofessional charges (for as may be applicable to NRIs),research service/message fee, trading platform charges,application money and processing charges for mutual funds,initial public offerings/follow on public offerings, rights issue,fixed deposit(s), money market instruments, etc. generallyvarious investment avenues / products, processing fees/charges towards contract note/statement of account etc. andany other such or similar fees / charges as may becomeapplicable from time to time.

28. Client has/ may have accounts with anyone or morecompanies which are part of the group to which RR EquityBrokers belongs (hereinafter referred to as “RR Equity BrokersGroup”). Client understands that from time to time there maybe situations where on one hand he has credit balance withone or more companies of RR Equity Brokers Group and onthe other hand debit balance with one or more companies ofRR Equity Brokers Group. Given the structure of bankingsystem delays are likely if funds are taken by Client from oneor more RR Equity Brokers Group companies by cheque/demand draft and paid to one or more RR Equity BrokersGroup companies by cheque/demand draft. Therefore Clientdesires and directs RR Equity Brokers to net off/ adjust Client’s

51

credit and / or debit balance with RR Equity Brokers with anyother RR Equity Brokers Group company by way of appropriateaccounting entry(ies).

29. Client hereby authorizes RR Equity Brokers to set-off /appropriate / adjust a part or whole of the monies / creditbalances in ledger and / or securities (shares/stocks etc) and/ or Margin lying as credit / debit in Client’s account againstany dues / debit balances in ledger including but not limited todues by way of shortfall in Margin, in any of Client’s Familymembers’ and / or any of Client’s Group / Associatecompanies’/ firms’/ entities’ accounts. The words / expressions“Client”, “Margin”, “Family” as used herein, shall, unlessrepugnant to the context, have the meaning as assignedhereunder:

(a) Client - shall mean and include where context so requiresnon-natural person(s) / entity(ies) such as companies,firms, association of persons and trusts etc.

(b) Margin - without limiting the meaning and scope of word“Margin” it shall include all monies and / or securities(shares and stocks etc.) and / or any other movable andimmovable property which may serve as collateral/security for dealing(s) in shares/ stocks/ futures & optionscontracts / other type of derivative contracts includingcurrency derivatives.

(c) Family - without limiting the meaning and scope of word‘Family’, it shall mean and include the spouse, allascendants, descendants, brothers and sisters of Client(constituent) and all members of Client’s (constituent)’sHindu Undivided Family (HUF), all dependents of Client(constituent) and their spouse and children and such otherpersons who live in the same household/ residentialaddress as that of Client (constituent).

(d) Group / Associate companies/ firms/ entities- withoutlimiting the meaning and scope of words “Group/Associate companies /firms/ entities” / these shall meanand include all such companies/ firms/ entities which areeither Controlled by / or Control the Client and shallincludes all companies/ firms/ entities which are undercommon Control as that of the Client including thosewhich control/ are controlled by spouse of the Client.

(e) Control- without limiting the meaning and scope of word‘Control’ it shall include the meaning given to it under theSecurities and Exchange Board of India (SubstantialAcquisition of Shares and Takeovers) Regulations, 1997,as amended and in force.

30. In connection with this Contract, as well as all transactionscontemplated under this Contract as offered by RR EquityBrokers from time to time, the Client agrees to execute anddeliver documents titled “authorisations” and to perform suchadditional actions which may be necessary, appropriate orrequested to carry out or evidence the transactions in respectof the services availed by the Client from time to time. All theterms of this Contract shall be read as part and parcel ofauthorisations.

31. The Client hereby declares that all information which havebeen provided, are being provided and which shall beprovided by the Client to RR Equity Brokers or any serviceprovider under this Contract or in relation thereof or as

consequences thereof is and shall always be true to the bestof information and knowledge of the Client.

32. The Client expressly agrees that his /her/ its utilization of aservice / facility such as but not limited to advisory services,any other activity for and on the behalf of the Client or anyother transaction which RR Equity Brokers undertakes with orfor the Client, shall also be covered by the terms & conditionsof this Contract.

33. The Client agrees that mere entering into this Contract or anyother agreement, does not entitle the Client to any service(s)/facility (ies) from RR Equity Brokers as a matter of right andRR Equity Brokers may in its absolute discretion provide ordecide not to provide the anyone or more service( s) /facility(ies).

34. The Client agrees that all monies, securities or other propertywhich RR Equity Brokers may hold on Client’s account shallbe held subject to a general lien for the discharge of Client’sobligations to RR Equity Brokers.

35. The Client further accepts and acknowledges that he wouldobserve proper caution and due diligence while giving ordersto the dealers / entering orders into trading platform providedby RR Equity Brokers. The client further agrees that he wouldnot indulge in any trading activity resulting in the disturbanceof the market equilibrium including manipulation of the priceof any scrips / contracts, synchronized deals with any personor any kind of orders / trades which may be considered asinappropriate/ unacceptable by RR Equity Brokers/the relevantexchange(s)/ regulator(s). The Client acknowledges that RREquity Brokers reserves the right to keep in abeyance thefunds / securities as may be deemed fit by RR Equity Brokersdepending upon the gravity of the violation or/and throughtrades done by/on behalf of the Client considered asinappropriate / unacceptable by RR Equity Brokers / therelevant exchange(s) / regulator(s). The client furtherunderstands and accepts that RR Equity Brokers also reservesthe right to levy any penalty for such trades done by / onbehalf of the Client considered as inappropriate / unacceptableby RR Equity Brokers / the relevant exchange(s) / regulator(s),as may be deemed fit by RR Equity Brokers / the relevantexchange( s) / regulator( s).

36. The Client hereby agrees that it is the sole responsibility ofthe Client to know the status/ declaration of all corporatebenefits including but not limited to Rights Issue, Bonus Issue,Dividends and Stock Split of Shares/ Buy Back, etc,announced by Issuer Company from time to time, for securitiesof company(ies) in which Client intends to trade and/ or thosewhich are kept by Client with RR Equity Brokers for ease ofdealing/ margin/ collateral security etc. and make appropriatetrading/dealing decisions by appropriately considering theimpact of any corporate action(s). RR Equity Brokers is notrequired to act as an advisor to Client in any of these matters/aspects. It is the Clients sole responsibility to trackannouncements of such corporate benefits RR Equity Brokersshall not be liable for any losses suffered by Client, if Clientfails to apply to such corporate benefits for the shares held byRR Equity Brokers in beneficiary account on behalf of Client.Client may be keeping securities with RR Equity Brokers for

52

ease of payment for ease of dealing / consideration as margin/ security / collateral etc. Client understands that somecorporate benefits will be passed onto the relevant account ofRR Equity Brokers by issuer company(ies). It is understoodand agreed that these corporate benefits will continue toremain with RR Equity Brokers unless a request ( to be bindingupon RR Equity Brokers only if evidenced by a photocopy/carbon copy of such request duly receipted by manager andone more officer of relevant branch with stamp) is made byClient for transfer the same to Client’s own account. Thetransfer by RR Equity Brokers shall not be immediate but takereasonable time, subject to there being no pay - in obligations/margin obligations/collateral obligations needed to be fulfilledby corporate benefits received.

Further, where Client is keeping securities with RR EquityBrokers for ease of dealing for consideration as margin/security/collateral etc., Client understands that some corporatebenefits will require some action for obtaining the same, suchas for rights issue etc. It is understood and agreed that Clientshall free the securities from any margin/collateral/security/pay -in obligations and get them moved through request (tobe binding upon RR Equity Brokers only if evidenced by aphotocopy/ carbon copy of such request duly receipted bymanager and one more officer of relevant branch with stamp)given well in advance to Client’s own beneficiary accountand take necessary action for applying and/or receivingcorporate benefits. In exceptional circumstances RR EquityBrokers may upon request (to be binding upon RR EquityBrokers only if evidenced by a photocopy/ carbon copy ofsuch request duly receipted by manager and one more officer

of relevant branch with stamp) given well in advance takeactions for and on behalf of Client to / apply and / or receivesuch corporate benefits such as for Right Issue/Open Offer/Buy Back for the shares held by RR Equity Brokers on behalfof client (subject to Client making available free funds etc. forthe same well in advance). However RR Equity Brokers shallnot be liable for any loss/claim whatsoever in the event suchapplication is rejected by Registrar /Company /Manager tothe Issue for any reason.

37. Client confirms having read and accepted the terms andconditions of this Contract and accepts and agrees to be boundby them including those excluding/limiting RR Equity Brokers’sliabilities.

38. The Client agrees that the failure of RR Equity Brokers toenforce at any time any terms contained in this Contract shallnot be construed to be the waiver of any terms or of the rightthereafter to enforce each and every term.

39. If any provisions of this Contract are held invalid orunenforceable by reason of any law, rule, administrative orderor judicial decision by any court, or regulatory or self regulatoryagency or body, such invalidity or unenforceability shall attachonly to such provision or terms held invalid. The validity of theremaining provisions and terms shall not be affected therebyand these terms shall be carried out as if any such invalid /unenforceable provisions or terms were not contained herein.

40. The Parties agree to exclusive jurisdiction of courts of law atthe place of execution of this Contract by RR Equity Brokers.






Member : MCX Stock Exchange Ltd. (MCX-SX)




Tel.: +91-11-23636363-62 Fax : +91-11-23636743

SEBI Regn. No. NSE-CM-INB/F/E231219636

SEBI Regn. No. BSE-CM-INB011219632

SEBI Regn. No. MCX-SX-INE260782733



WITNESS

1.

2.

Signature(s)

Name

Address

WITNESS

1.

2.

53

RUNNING ACCOUNT AUTHORISATION


I/We have been / shall be dealing through you as my/our broker on the Capital Market and/ or Futures & Options Segments/CurrencyDerivative Segments, I / we further authorize you to follow these instruction across exchanges & across segments in which I / we havealready opened accounts with you or I may open account in future. As my/our broker i.e. agent I/ we direct and authorize you to carry outtrading/ dealings on my/our behalf as per instructions given below.

I/am/We are aware that you and I/we have the option to deliver securities/ make payments of funds to each other for settlement ofdealings as per the schedule in force at the relevant time pursuant to directives / regulations/ circulars, issued by exchange/ regulatoryauthorities. However, I/we find it difficult to carry out repeated pay-in of funds and securities. Further, I/we also desire to use my/oursecurities and monies as margin / collateral without which we cannot deal/trade.

Therefore I /we hereby direct and authorise you to maintain running account(s) for me/us and from time to time debit these securities andfunds from running accounts and make pay-in of securities and funds to exchanges/clearing corporations/other receiving party(ies) tosettle my/our trades/ dealings. Similarly, where I/we have to receive securities/ funds in settlement of trades/ dealings please keep thesecurities and monies with you and make credit entries for the same in running accounts of securities and funds maintained by you.Further, the funds & securities can be transferred from one segment to other and from one exchange to another as per the requirements.Further, subject to your discretion and valuation please treat my/our securities and funds lying to my/our credit in running accounts asmargin/collateral for my/our dealings/ trading. You are authorize to do these acts across all exchanges & segments in which I / we havebeen / shall be dealing with you.

In the event I/we have outstanding obligations on the settlement date, you may retain the requisite securities/funds towards suchobligations and may also retain the funds expected to be required to meet margin obligations for next 5 trading days, calculated in themanner specified by the exchanges. While settling the account please send a ‘statement of accounts’ containing an extract from ledgerfor funds and an extract from the client demat ledger (register of securities) displaying all receipts/deliveries of funds/securities. Pleaseexplain in the statement(s) being sent the retention of funds/securities and the details of the pledge, if any. I agree that if I/we fail to bringany dispute arising from the statement of accounts or settlement so made to your notice within 7 working days from the date of receipt offunds/securities or statement, as the case may be in writing by delivery at your corporate office then in that event the statement ofaccounts or settlement so made shall attain finality and I/we shall have no right to dispute any/either of these ever. Further, do not carryout settlement of running account referred to above for funds given by me/us towards collaterals/margin in the form of bank guarantee(BG)/Fixed Deposit receipts (FDR).

Please further note that while I am entitled to revoke this authorisation at any time, however, such termination shall be subject to noticeperiod of fifteen days from the date of physical delivery of revocation letter at your registered office to allow you to make necessarychanges to handle my account without running account authorisation. I/We shall be liable for all losses, damages and actions which mayarise as a consequence of your adhering to and carrying out my / our directions given above and further agree that you shall not be liablefor any claim for loss or profit, or for any consequential, incidental, special or exemplary damages, caused by retention of securities /monies under this agreement.

My/Our preference for actual settlement of funds and securities is at least:

Once in a Calender Quarter Once in a Calender Month

Thanking you,Yours faithfully,

Signature with date

Name : ...................................................................................

[ Note : To be signed by person himself/herself not to be signed by his/her attorney/ authorised person etc. ]54


I/We have been / shall be dealing through you as my / our broker on the Capital Market and/ or Futures & Options Segments / CurrencyDerivative Segments. This instruction is applicable for all the exchanges / segments in which I / we have opened account with you. 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 understand that, , / we have the option to receive the contract notes in physical form or electronic form. In pursuance of the same,I/ we hereby opt for receipt of contract notes in electronic form. , I /We understand that for the above purpose, you are required to take fromthe client “an appropriate email account” for you to send the electronic contract notes. Accordingly, please take the following emailaccount(s) / email id on your record for sending the contract notes to me / us.

1 .............................................................................................................................................................................................................................................

2 ................................................................................................................................................................................................................................................

I/ We agree not to hold you responsible for late / non-receipt of contract notes sent in electronic form and any other communication for anyreason including but not limited to failure of email servers, loss of connectivity, email in transit etc. I/ we agree that the log reports of yourdispatching software shall be a conclusive proof of dispatch of contract notes to me/us and such dispatch shall be deemed to meanreceipt by me/us and shall not be disputed by me / us on account of any non-receipt/ delayed receipt for any reason whatsoever.

I /We also agree that non-receipt of bounced mail notification by you shall amount to delivery at my/our email account(s) / email id(s).

In case , in any of the above segments / exchanges due to any reason, whatsoever, if you want to send contract notes in physical form ,I / we here by permit you to send the same in physical mode.

I/We understand that I am required to intimate any change in the email id/ email account mentioned herein above needs to becommunicated by me through a duly signed request letter in original to you, provided however that if I/we am/are an internet client thenin that event the request for change in email id/ email account can be made by me/ us through a secured access using client specific userid and password. Please treat this authorization as written ratification of my / our verbal directions / authorizations given and carried outby you earlier. I/We shall be liable for all losses, damages and actions which may arise as a consequence of your adhering to andcarrying out my / our directions given above.

Thanking you,

Yours faithfully,

Signature with date

Name : ...................................................................................

[ Note : To be signed by person himself/herself not to be signed by his/her attorney/ authorised person etc. ]

AUTHORISATION FOR ELECTRONIC CONTRACT NOTES

55


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 Derivative Segments. This instruction is applicable for all the exchanges / segments in which I / We have opted to open theaccount with you. As my / our broker i.e. agent I / we direct and authorize you to carry out trading / dealings on my / our behalf as perinstructions given below.

As I/We shall be dealing by ordering over phone and even if we visit the branch, the fluctuations in market are so rapid that it is notpractical to give written instructions for order placement/modification and cancellation, I/We hereby authorize you to accept my / myauthorised representative’s verbal instructions for order placement/modification and cancellation in person or over phone (fixed line ormobile phone) and execute the same. I /We understand the risk associated with verbal orders and accept the same, and agree that I/Weshall not be entitled to disown orders and consequent trades (if any) under the plea that same were not under mine/our instructions. I/Weagree that I/We will not have the right to shift the burden of proof by asking you to prove the placement of orders through telephonerecording 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 / ourdirections given above.

Thanking you,

Yours faithfully,

Signature with date

Name : ...................................................................................

VERBAL ORDER ACCEPTANCE AUTHORISATION

PLEDGE AUTHORISATION


I/we have been / shall be dealing through you as my broker on the Capital Market and/ or Futures & Options Segments/CurrencyDerivative Segments. This instruction is applicable for all the exchanges / segments in which I / We have opted to open the account withyou. As my broker i.e. agent I/ we direct and authorize you as under.

Pledge /deposit my/our securities whether deposited as collateral/margin or permitted by us to be retained in the running account etc. byyou with any person(s) including but not limited to anyone or more bank(s) and/or stock exchange(s) and/or clearing corporation(s) /clearing house(s) or any other person. You may at your absolute discretion raise funds, obtain bank guarantee(s) and FDRs etc. againstsuch deposit/ pledge. I/ we authorise you to do in my/our name and on my/our behalf all such acts, deeds and things as may be necessaryand expedient for placing pledging / depositing my/our securities with a person of your choice. If for any reason the pledgee sells /liquidates these securities I/we shall not dispute or contest the acts of pledgee in any manner what so ever. Please treat this authorizationas written ratification of my / our verbal directions / authorizations given and carried out by you earlier. 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.

Thanking you,

Yours faithfully,

Signature

Name : ...................................................................................

56


I/We have been/shall be dealing through you as my/our broker on the Capital Market and/or Futures & Options Segment. As my Broker,i.e. agent, I/we authorize you to debit my/our account against the charges raised by you on account of Depository Services Provided byyou or by on account of Depository Services Provided by them and bill raised bythem in this regard. The details of Demat account(s) are as follows:

Depository Depository Participant Beneficiary Account

NSDL/CDSL

NSDL / CDSL

NSDL / CDSL

NSDL / CDSL


Signature

Name : ...................................................................................

AUTHORISATION


I have been/shall be dealing through you as my broker i.e. agent on the Cash Segment and/or Futures & Options Segments / CurrencyDerivatives Segment at NSE/BSE/MCX-SX.

I/We authorise Mr./Ms. R/o of deal/transact on my/our behalf and to place orders, give instructions, make & receive payments of securities and monies, collect contract notebills, order confirmations, trade confirmations, account statements and any other documents or communication. Mr/Ms. is also authorised by me/us to sign any document, settle the account, enter into any compromiseand to do any and all act (s) on my/our behalf which I/we can do. And I/we the undersigned do hereby agree and declare and confirmthat all the acts and things done by him / her substitute shall be my/our act, deeds and things validity done by me/us to all intents andpurposes.

Please treat this authorization as written ratification of my/our verbal directions/authorizations given and carried out by you earlier.

I/we agree to indemnify you and keep your indemnified against all losses, damages and actions which you may suffer or face as aconsequence of adhering to and carrying out my/our authorisation given above.


Signature with date

Name : ...................................................................................

AUTHORISATION FOR DEBITING DEMAT ACCOUNT OPERATING CHARGES

57

FORMAT OF BOARD RESOLUTION TO BE FURNISHED ON LETTER HEAD OF THE COMPANY

CERTIFIED TRUE COPY OF RESOLUTION PASSED IN THE MEETING OF BOARD OF DIRECTORS OF M/s ABC LTD. HELD ON___________________DAY________________ OF ________ 20 __ AT REGISTERED OFFICE OF THE COMPANY.

“RESOLVED THAT a trading account in the name of M/s ABC Ltd. be opened with RR Equity Brokers Pvt. Ltd., a company registeredunder the Companies Act, 1956 and a member of the National Stock Exchange of India Ltd. (NSE), Bombay Stock Exchange Ltd. (BSE)and MCX Stock Exchange Ltd. (MCX-SX) having its registered office at 133A, 13th Floor, Mittal Towers, Nariman Point, Mumbai-400021, for the purpose of dealing in Capital Market segment, Futures and Options segment or any other segment that may be introducedby NSE/BSE/MCX-SX.

“RESOLVED FURTHER THAT Mr. X, director of the Company whose specimen signatures are attested below be and is herebyauthorized on behalf of the company to complete Client Registration form, execute Member client Agreement and all other documentsas may be deemed expedient to open and maintain trading account with RR Equity Brokers Pvt. Ltd. and give effect to this resolution Mr.X is authorized to sell, purchase, transfer, endorse and/or otherwise deal through RR Equity Brokers Pvt. Ltd.

“RESOLVED FURTHER THAT this resolution be communicated to the RR Equity Brokers Pvt. Ltd. and remain in force until notice inwriting be given to the RR Equity Brokers Pvt. Ltd.”

For ABC Ltd.

Chairman/Director

Specimen Signatures of the Authorized persons

Sr. No. Name Specimen Signatures

1.

2.


I/We hereby agree and give my/our consent for sending the trade confirmations via SMS and I/We have also understood that we will notreceive the telephonic trade confirmations.

For this purpose, I/We would like to confirm following details for the database maintained with you. Please update the records with thesame.

MOBILE No.


Signature

Name : ...................................................................................

DECLARATION FOR DELIVERING TRADE CONFIRMATIONS VIA SMS

58

In compliance with the provisions of Prevention of Money Laundering Act, 2002 and subsequent circulars issued by SEBI thereto, wehereby obliged to consider it as a part of client registration document: -

PREVENTION OF MONEY LAUNDERING

Prevention of Money Laundering Act, 2002 (herein refer to an “Act”) came into affect July 1, 2005 vide notification No. GRE 436(E) datedJuly 1,2005 issued by Department of Revenue, Ministry of Finance, Govt. of India. Further SEBI vide Circular reference number ISD/CIR/RR/AML/1/06 dated January 18,2006 mandated that all the Stock Brokers should formulate and implement a proper policyframework as per the guidelines on anti money laundering measures and also to adopt a Know Your Client (KYC) policy. SEBI alsoissued another circular reference number ISD/CIR/RR/AML/2/06 dated March 23,2006 advising all the Stock Broker to take necessarysteps to ensure compliance with the requirement of Sec12of the Act inter-alia, maintenance and preservation of records and reportingof information relating to cash and suspicious transactions to Financial Intelligence Unit-India (FIU-IND), New Delhi.

The constituents should ensure that the amount invested in the securities is through legitimate sources only and does not involve andis not designated for the purpose of contravention or evasion of the provision of the Income Tax Act, Prevention of Money LaunderingAct, Prevention of corruption Act and/or any other law for the time being in force enacted by Govt. of India from time to time or any rulesand regulations, notifications or directions issued there under.

To ensure appropriate identification of the constituents under its KYC policy and with view to monitor the transactions for the preventionof anti money laundering, the company has reserve the right to seek information, record constituents telephonic calls and/or obtainedor retained documentation for establishing the identity of the constituents, proof of residence, source of funds, etc. It may re-verify identityand obtain any incomplete or additional information for this purpose.

The constituents or their attorney, if any, shall produce independent source documents, such as photographs, certified copies of rationcard/passport/pan card/driving license or such other documents or produce such information as may be required from time to time forverification of the identity, residential address, financial information of the constituents by the company.

If the constituents refuses/fails to produce the required documents and information with in the period specified in the communicationsent by company to the constituents, then the company after applying due diligence measures believes that the transaction is suspiciousin nature within the purview of the Act and SEBI circulars issued from time to time or on account of deficiencies in the documentationshall have absolute discretion to report suspicious transaction to FIU-IND or to reject the application or to freeze the account ofconstituent. Thus the KYC documentation shall comply by all the constituents in its true spirit and word.

The Company, its Directors, its Employees and agents shall not be liable in any manner for any claim arising whatsoever on account offreezing of account or on rejection of application etc. due to noncompliance of the provisions of the Act, SEBI circulars and KYC policyand or where company believes that transaction is suspicious in nature within the purview of the Act or SEBI circulars and reporting thesame to FIU-IND.

This document form an integral part of the client registration form as addendum or key information memorandum and will be subject toamendments from time to time.

Signature Name : ...................................................................................

ADDENDUM TO THE CLIENT REGISTRATION FORM / KEY INFORMATION

Date..........................................................

Accepted / Rejected the application from Mr./Ms..............................................................................................................as the sole / First holder

alongwith ..................................................................................and......................................................................................is the Second and Third

holders respectively for opening of a depository account. Your Client ID will be intimated to you shortly on acceptance. Please quote the

DP ID & Client ID allotted to you in all future correspondence.

Participant Stamp & Signature

RR Equity Brokers Pvt. Ltd.Member : NSE, BSE • DP (CDSL ) DP ID : 12042300

Corp. Office : 47, M.M. Road, Rani Jhansi Marg, New Delhi-110055Regd. Office: 133A, 13th Floor, Mittal Towers, Nariman Point, Mumbai-400 021

ACKNOWLEDGEMENT

------------------------------------------------------------------------(Please Tear Here)------------------------------------------------------------------------

59

ACKNOWLEDGE FROM CLIENT

I / We ......................................................................................................................hereby confirm that I / We have received the copy of KYCForms, Risk Disclosure Documents, Investors’ Rights and Obligation, along with Member Client Agreement / Tripartite agreement. I / Wealso confirm that I / We got my unique client code.

Thanking You,

Client’s signatureDate : ............................................ (If partner, Corporate or other signatory,Place : ............................................ then attest with firm / company seal)

RR Equity Brokers Pvt. Ltd.Member : NSE, BSE • DP (CDSL ) DP ID : 12042300

Corp. Office : 47, M.M. Road, Rani Jhansi Marg, New Delhi-110055Regd. Office: 133A, 13th Floor, Mittal Towers, Nariman Point, Mumbai-400 021

BROKERAGE SLAB (Subject to Change without Notice)

CASH SEGMENT

Brokerage Slab Slab % Minimum Paise One Side / Both Side

Delivery Based

Daily Square up

DERIVATIVES SEGMENT

Brokerage Slab Slab % Minimum Paise / Per Lot One Side / Both Side

Future

Option

CURRENCY DERIVATIVES SEGMENT

Brokerage Slab in % per lot (in Rs.) Minimum brokerage per lot

Rs. 25/-

MUTUAL FUND

Brokerage Slab Slab % Minimum Paise

Delivery Based

In case of physical contract note are being dispatched to client, a difference of Rs. 25/- in total brokerage booked on a particular date maybe charged towards minimum processing fee.

For Client opting for online application based facilityI wish to avail ODIN DIET Client (application based) online trading facility and ready to pay Rs.250 p.m. subscription fees per

exchange per segment and authorize you to debit the subscription fees as applicable to my trading account for availing the saidfacility. I further agree / accept that subscription fees will not be debited in my account if I generate a brokerage of Rs. 1000/- p.m.persegment (for which online facility is availed). In case of auto renewal of opted facility I authorize you to debit the subscription fees asapplicable from time to time.

------------------------------------------------------------------------(Please Tear Here)------------------------------------------------------------------------

RR Equity Brokers Pvt. Ltd.DP : CENTRAL DEPOSITORY SERVICE (I) LIMITED

DP ID - 12042300

Depository Service*

Internal Ref No._______________________________________________________________

Holder’s Name _______________________________________________________________

Branch Code and Name_______________________________________________________

APPLICATION FORM FOR OPENING A DEMAT ACCOUNT

q INDIVIDUAL q NON-INDIVIDUAL q NRI q FOREIGN NATIONAL

Regd. Office : 133A, 13th Floor, Mittal Towers, Nariman Point, Mumbai-400 021Tel. No.: +91-22-22886627/28 Fax : +91-22-22851925

Corporate Office : 47, M.M. Road, Rani Jhansi Marg, New Delhi-110055Tel.: +91-11-23636362-63 Fax : +91-11-23636744-43E-mail: [email protected] Website : www.rrfinance.com

DP ID Client ID1 2 0 4 2 3 0 0

i

Trading Code

INSTRUCTIONS FOR FILLING ACCOUNT OPENING FORM

1) All communications shall be sent at the correspondence address of the Sole/First holder only.

2) Thumb impressions and signatures other than English or Hindi or any of the other languages not contained in the 8th Scheduleof constitution of India must be attested by a Magistrate or a Notary Public or a special Executive Magistrate.

3) As per CDSL following documents may be accepted as proof of identity / proof of address (local / correspondence / foreign /address as the case may be) / Proof of Bank Details :

PROOF OF IDENTITY :

Passport Voter Id Card Driving License

PAN Card with Photograph

* As per SEBI PAN Card is mandatory requirement for demat account opening for all the holder(s) in all categories.

* Date of Birth Certificate, in case of minor account

Identity Card / document with applicant’s Photo issued by

A Central / State Government and its Departments B Statutary / Regulatory Authorities

C Public Sector Undertakings D Scheduled Commercial Banks

E Public Financial Institutions F Colleges affiliated to Universities

G Professional Bodies such as ICAI, ICWAI, ICSI, Bar Council etc. to their Members and

H Credit Cards / Debit Cards issued by Banks.

PROOF OF ADDRESS :

Ration Card Passport Voter ID Card Driving Licence

Bank passbook with name and address

Bank statement with name and address or original bank statement (showing the name of the B.O., Address of the B.O. and Banktransaction a period, printed on the bank stationery) self attested by the B.O. alongwith cancelled cheque (in original) pertainingto the said bank account as a valid proof of address, provided that such original bank statement is not more than 6 months old.

Verified copies of

a) Electricity bills (not more than two months old from bill generation date)

b) Residence Landline Telephone bills (not more than two months old from bill generation date)

c) Notarised copy of Leave and License agreement / Agreement for sale.

Self-declaration by High Court & Supreme Court Judges, giving the new address in respect of their own accounts

Identity card / document with address, issued by

A Central / State Government and its Departments B Statutory/Regulatory Authorities

C Public Sector Undertakings D Scheduled Commercial Banks

E Public Financial Institutions F Colleges affiliated to universities and

G Professional Bodies such as ICAI, ICWAI, Bar Council etc. to their Members.

PROOF OF BANK DETAILS :

Copy of cancelled cheque with printed name from the bank Copy of bank passbook with name and address and

copy of cancelled cheque.

Bank statement with name and address (duly authorised by the bank, if statement is on plain paper) not more than 4 month old

and copy of cancelled cheque for MICR & Bank Detail Verification.

MICR No. = 9 Digit No. of the Bank’s Branch appearing next to the Cheque No . In case payable at par cheque issued by the

bank with 000XXX000 as MICR code. Please get your Bank’s Branch MICR code from your Bank / sheet under the cover

page of cheque book, issued to you.

The aforesaid documents are minimum requirement for opening the Account. Participants must verify the copy of the

document with the original before accepting the same as valid.

4) Please ensure that all columns of Account Opening Form are duly filled and no box or space is left blank. Please strike off theboxes or space, which are not applicable.

Amount : Rs. ____________________ Cash / Cheque Cheque No. ____________________

Drawn on : ______________________ Dated :_______ /_______/ 20______

Received by : ____________________ Checked by ____________ Verified by ______________________

PAYMENT DETAILS

* PLEASE DO NOT USE CORRECTION FLUID ON THE FORM. ALL CUTTINGS MUST BE ATTESTED BY ALL THE JOINT HOLDERS

ii

CDSLCDSLCDSLCDSLCDSL RR Equity Brokers Pvt. Ltd.DP : CENTRAL DEPOSITORY SERVICES (I) LIMITED


Tel.: +91-11-23636362-63 Fax : +91-11-23636744-43

E-mail: [email protected] Website : www.rrfinance.comSEBI REGN. NO. IN-DP-CDSL-324-2005DP ID - 12042300

APPLICATION FORM FOR OPENING A SECURITIES ACCOUNT(INDIVIDUAL / NRI / FOREIGN NATIONAL)

Please fill all the details in BLOCK LETTERS in English

Date Account No.

I/We request you to opening Depository Account in my/our Name as per the following details :

Type of Account (Please tick which ever is applicable)

Status Sub-Status

o Individual o Individual Resident o Individual-Director o Individual Director's Relative

o Individual HUF / AOP o Individual Promoter o Others (specify)

o NRI o NRI Repatriable o NRI Non-Repatriable o NRI- Depository Receipts

o NRI Repatriable Promoter o NRI Non-Repatriable Promoter o Others (specify)

o Foreign National o Foreign National o Foreign National - Depository Receipts o Others (specify)

1 2 0 4 2 3 0 0 0 0

Waiver from Confirmation for Credits (Automatic) o Yes o No

A/c Statement Required o Daily o Weekly o Fortnightly (Charged Extra)

o Monthly o Quarterly o Semi-Annualy o Annualy

SOLE/FIRST HOLDER’S DETAILS

First Name

Middle Name

Last / Search Name

Father / Husband's Name

Title o Mr. o Mrs. o Ms. o Others Suffix

Correspondence

Address

City State

Country Pin

Telephone No. Fax No. Mobile No.

PAN

E-mail ID

Permanent Address

(If different from

Correspondence Address)

City State

Country Pin

Telephone No. Fax No.

E-mail ID

Date of Birth _______/_____/________

Nationality o Indian o Others (specify)_________ Sex o Male o Female

Occupation o Service { o Central Govt. q State Govt. o Public / Private Sector o NGO o Statutory Body }

o Professional o Business o Student o Retired o Housewife o Others (Specify)__________

Nature of Business(Product / services provided)

Education Qualification o Under Graduate o Graduate o Professional o Others (Pls. Specify)____________

Financial Details o Up to 1,00,000 o Rs. 1,00,001 to 2,00,000

(Income Range per annum) o Rs. 2,00,001 to 5,00,000 o More than 5,00,000

X....................................................1X

....................................................1 X....................................................1

First Holder Second Holder Third Holder

iii

For NRI / Foreign National (Only if the first / Sole holder is an NRI / Foreign National)

Foreign Address Indian Address

City City

Country Country

Pin Code Pin Code

Telephone No. Telephone No.

Fax No. Fax No.

Currency E-mail

RBI Regn. No./Ref. No. RBI Approval Date

Bank Details* (In future dividends may be credited in this account)

Electronic Credit or Mandate Beneficiary Bank Details(For Divident / Interest) (To be printed on the Cheque/Warrant)

9-Digit MICR No.*

Bank A/c No.

Bank Name

Branch Name

Bank Address

A/c Type (Saving/Current/Cash Cr.)

* Compulsory Fields

iv

OTHER HOLDER DETAILS (SECOND HOLDER)

Name

First Name Middle Name Last Name


Title* q Mr. q Mrs. q Ms. q Others Sex q Maleq Female

Permanent Address

City State Country

Pin Nationality q Indian q Others (specify)_________

Telephone No. Mobile No.

PAN Date of Birth _______/_____/________

E-mail ID

Occupation q Service q Professional q Business q Student q Retired q Housewife q Others (Specify)______

THIRD HOLDER

Name

First Name Middle Name Last Name


Title* q Mr. q Mrs. q Ms. q Others Sex q Maleq Female

Permanent Address

City State Country

Pin Nationality q Indian q Others (specify)_________

Telephone No. Mobile No.

PAN Date of Birth _______/_____/________

E-mail ID

Occupation q Service q Professional q Business q Student q Retired q Housewife q Others (Specify)______

X....................................................2X

....................................................2 X....................................................2


v

Additional Details

SMS Facility q Yes Mobile No. q No

q Yes, If yes please contact your DP Details[Facility through CDSL's website : www.cdslindia.com wherein a BO can q Noview his ISIN balances, transaction and value of the portfolio online.]

+ 9 1

Guardian Details (If Sole/First Holder is a minor)

Guardian’s Name

Relationship

Address

City State

Country Pin Code


E-mail Address

I/We have read the agreement, terms and conditions and agree to abide by and bound by the Bye laws as are in force from time to time for such account.I/We declare that the particulars given by me/us above me/us above true and to the best of my/our knowledge as on the date of making this application.I/We further agree that any false/misleading information given by me/us or suppression of any material information will render my account liable fortermination and further action.

First/Sole Holder Second Holder Third Holder

Name

Signature

First Holder Second Holder

Passport size photograph

(Please Sign. across th

e

Photograph)

Third Holder



e

Photograph)



e

Photograph)

X....................................................3X

....................................................3 X....................................................3

vi

to receive the securities in this account on behalf of the nominee in the event of the death of the sole holder / all Joint holders.

This nomination is in the accordance with the section 109 A of the companies Act, 1956, and shall supersede any prior nomination made by me/us and

also testamentary document executed by me / us.

Place : ____________________ Date : ____________________

First / Sole Holder Second Holder Third Holder

Name

Signature

Bo Account Details

DP ID Client Id

Name of the Sole / First Holder

Name of Second holder

Name of Third holder

Nominee details

First Name

Middle Name

Last Name

Address

City State

Country PIN


E-mail ID

Relationship with BO (If any)

Date of birth (if nominee is a minor)

As the nominee is a minor as on date, I/we appoint following person to act as Guardian:

Nominee details

First Name

Middle Name

Last Name

Address

City State

Country PIN


Age

NOMINATION

RR Equity Brokers Pvt. Ltd.DP : CENTRAL DEPOSITORY SERVICES (I) LIMITED

Corporate Office : 47, M.M. Road, Rani Jhansi Marg, New Delhi-110055

Tel.: +91-11-23636362-63 Fax : +91-11-23636744-43

E-mail: [email protected] Website : www.rrfinance.com

1 2 0 4 2 3 0 0

Dear Sir/Madam,I/We the sole holder / Joint holders / guardian (in case of minor) hereby declare that:

I/We do not wish to nominate any one for this account.

[Strike out what is not applicable.] [Signatures of all account holders should be obtained on this Form]

I/We nominate the following person who is entitled to receive security balances lying in my/our account, particulars whereof of are given below, in the event

of the death of the sold holder or the death of all joint holders

Note : Two witnesses shall attest signature(s) / thumb impression(s).

Details of the Witness

First Witness Second Witness

Name of witness

Address of Witness

Signature of Witness

To be filled by DP

Nomination Form accepted and registered wide Registration No. _____________________________ dated __________________ For Depository Participant

(Authorised Signatory)

X............................................4X

............................................4 X............................................4

vii

Please fill in for a HUF

As our HUF firm wishes to open an account with you DP in the said name.............................................................................................................we beg to say that the first signatory to this letter, ie............................................................................................is the Karta of the Joint Familyand other signatories are the audit co-parceners of the said family.

We further confirm that the business of the said joint family is carried on mainly by the said Karta as also by the other signatories heretoin the interest and for the benefit of the entire body to co-parceners of the joint family. We all undertake that claims due to the DP fromthe said family shall be recoverable personally from all or any of us and also for the entire family properties of which the first signatoriesis the Karta including the share of minor co-parceners.

In view of the fact that ours is not a firm governed by the Indian Partnership Act of 1952, we have not got our said firm registered underthe said Act.

We hereby undertake to inform the DP of the death or birth of a co-parcener of any change occurring at any time in the membership ofour joint family during the currency of the account.

S. No. Name Date of Birth Relation Signature

1

2

3

4

5

DECLARATION BY HUF

ªSIGN of Karta

viii

This Agreement made and entered into at Delhi this________________day of ____________________, between RR Equity Brokers Pvt. Ltd., (descriptionof the legal entity) having his/its office/corporate office at 47, M.M. Road, Rani Jhansi Marg, New Delhi-110055, hereinafter called “the Participant” ofthe One Part; AND ______________________________________________________, (description oft he legal having his/its office/registered office/address at___________________________________________________ hereinafter called “the Beneficial Owner” of the Other Part.

WHEREAS the Beneficial Owner is derisous of opening a beneficial owner’s account with the Participant and the participant has agree to open an accountin the name of the Beneficial Owner and render services to the Beneficial Owner as a participant, on the terms and conditions recorded herein below:

NOW THIS AGREEMENT WITNESSETH AND IT IS HEREBY AGREED BY AND BETWEEN THEPARTIES HERETO AS FOLLOWS :

General Clause

1. The parties hereto agree to abide by the provisions of the Depositories Act, 1996, SEBI (Depositoriesand Participants) Regulations, 1996, Bye Laws and Operating Instructions issued by CDSL fromtime to time in the same manner and to the same extent as if the same were set out herein and formedpart of this Agreement.

Fees, Charges and deposits

2. The Participant shall be entitled to change or revise the fees, charges or deposits from time to timeprovided however that no increase therein shall be effected by the Participant unless the Participantshall have given at least one month's notice in writing to the Beneficial Owner in that behalf. In casethe Beneficial Owner committing a default in the payment of any such amount payable to the Participanton their respective due dates or within fifteen days of the same being demanded (where no such duedate is specified), the Participant shall be entitled to charge interest on the amount remaining outstandingor unpaid [not exceeding 18%] per month or part thereof. On such continued default, the Participantafter giving two days notice to the Beneficial Owner shall have a right to stop processing of instructionsof Beneficial Owners till such time he makes the payment along with interest if any.

Statement of Account

3. 3.1 The Participant shall furnish to the Beneficial Owner a statement of his/its account at the endof every month if there has been even a single entry or transaction during that month, and inany event once at the end of each quarter. The statement of accounts to be provided to theBeneficial Owner under this Agreement shall be in the form specified in Operating Instructionsor as communicated by CDSL from time to time. The Participant shall furnish such statementsat such shorter periods as may be required by the Beneficial Owner on payment of suchcharges by the Beneficial Owner as may be specified by the Participant.

3.2 It is agreed that if a Participant is providing the services of issuing the statement of accountsin an electronic mode and if the Beneficial Owner is desirous of availing such services fromthe Participant, then the Participant will furnish to the Beneficial Owner the statement ofaccounts under its digital signature, as governed under the Information Technology Act, 2000.Provided however that in the event of the Beneficial Owner requiring a physical copy of thestatement of accounts, despite receiving the same in the electronic mode, then irrespectiveof having forwarded the same via electronic mode, the Participant shall be obliged to providea physical copy thereof to the BO.

3.3 It is agreed and understood between the parties that if the Participant does not have the facilityof providing the statement of account in the electronic mode, then the Participant shall beobliged to forward the statement of account only in physical form.

Beneficial Owner shall intimate change of particulars

4. The Participant shall not be liable or responsible for any loss that may be caused to the BeneficialOwner by reason of his/its failure to intimate change in the particulars furnished to the Participantfrom time to time, unless notified by the Beneficial Owner.

Depository not liable for claims against Beneficial Owner

5. CDSL shall not be liable to the Beneficial Owner in any manner towards losses, liabilities and/orexpenses arising from the claims of third parties or for any fees, charges, taxes, duties, levies orpenalties levied, imposed or demanded by any Central, State, statutory or revenue authority inrespect of securities credited to the Beneficial Owner's account.

Authorised Representative

6. Where the Beneficial Owner is a body corporate or a legal entity, it shall, simultaneously with the

execution of the Agreement furnish to the Participant, a list of officials authorized by it, who shallrepresent and interact on its behalf with the Participant. Any change in such list including additions,deletions or alterations thereto shall be forthwith communicated to the Participant.

Closure of Account

7. The Beneficial Owner, may, at any time terminate this Agreement by calling upon the Participant toclose his/its account with the Participant in the manner and on the terms and conditions set out in theBye Laws and the procedure laid down in the Operating Instructions. In the event of termination of thisAgreement the Beneficial Owner shall either get the securities transferred to some other account orget the same rematerialised.

Stamp Duty

8. Any stamp duty (including interest or penalty levied thereon) payable on the Agreement and/or on anydeed, document or writing executed in pursuance hereof between the parties hereto shall be borneand paid by the Beneficial Owner.

Force Majeure

9. Notwithstanding anything contained herein or in the Bye Laws, neither party hereto shall be liable toindemnify or compensate the other for any breach, non-performance or delay in performance of anyobligations under the Agreement or for any harm, loss, damage or injury caused to the other due tocauses reasonably beyond its control including but not limited to tide, storm, cyclone, flood, lightning,earthquake, fire, blast, explosion or any other act of God, war, rebellion, revolution, insurrection,embargo or sanction, blockade, riot, civil commotion, labour action or unrest including strike, lock-out or boycott, interruption or failure of any utility service, enemy action, criminal conspiracy, act ofterrorism or vandalism, sabotage, or intrusion, or any other irresistible force or compulsion.

Service of Notice

10. Any notice or communication required to be given under the Agreement shall not be binding unlessthe same is in writing and shall have been served by delivering the same at the address set outhereinabove against a written acknowledgement of receipt thereof or by sending the same by pre-paid registered post at the aforesaid address or transmitting the same by facsimile transmission,electronic mail or electronic data transfer at number or address that shall have been previouslyspecified by the party to be notified. Notice given by personal delivery shall be deemed to be givenat the time of delivery. Notice given by post in accordance with this clause shall be deemed to be givenat the commencement of business of the recipient of the notice on the third working day next followingits posing. Notice sent by facsimile transmission, electronic mail or electronic data transfer shall bedeemed to be given at the time of its actual transmission.

Arbitration

11. The parties hereto shall, in respect of all disputes and differences that may arise between them, abideby the provisions relating to arbitration and conciliation specified under the Bye Laws.

Jurisdiction

12. The parties hereto agree to submit to the exclusive jurisdiction of the courts in________________________________________

Governing Law

13. The Agreement shall be governed by and construed in accordance with the laws in force in India.

IN WITNESS WHEREOF the parties hereto have hereunto set and subscribed their respective hands/sealsto this Agreement in duplicate on the day, month, year and place first hereinabove mentioned.

______________________________________________________________Beneficial Owner’s SignatureSIGNED AND DELIVERED BY

______________________________________________________________(for and on behalf of RR Equity Brokers Pvt. Ltd.the Depository Participant)

1. ______________________________________________________________Witness

2. ______________________________________________________________Witness

RR Equity Brokers Pvt. Ltd.

AGREEMENT BETWEEN A PARTICIPANT AND A PERSON SEEKING TO OPEN A BENEFICIARY OWNER’S ACCOUNT

X....................................................6....................................................6 X

....................................................6


X....................................................5X

....................................................5 X....................................................5


ix

X

x

FORMING PART OF THE AGREEMENT BETWEEN THE PARTICIPANT AND THE PERSON

SEEKING TO OPENING A BENEFICIAL OWNER’S ACCOUNT

1. General Clause

1.1. The Participant shall continue to be bound by the Bye Laws and Operating Instructions,

even after ceasing to be a Participant in so far as may be necessary for completion of orcompliance with his/its obligations in respect of all matters, entries or transactions whichthe Participant may have carried out, executed to do, before ceasing to be the Participant

and which may have remained outstanding, incomplete or pending at the time of his/itsceasing to be a participant.

2. Fees, charges and deposits

2.1 The Participant shall be entitled to change or revise the fees, charges or deposits from time

to time provided however that no increase therein shall be effected by the Participantunless the Participant shall have given at least one month's notice in writing to the BeneficialOwner in that behalf.

2.2. The Beneficial Owner further agrees that in the event of the Beneficial Owner committinga default in the payment of any of the amount payable to the, participant by way of fees,charges or otherwise on their respective due dates or within fifteen days of the same being

demanded (where no such due date is specified) then, without prejudice to the right of theParticipant to terminate the Agreement and close the account of the Beneficial Owner, theParticipant shall be entitled to charge interest on the amount remaining outstanding or

unpaid at the rate 2% of per months or part thereof.

3. Unique Identification Number

3.1. CDS shall allocate a unique identification number to the Beneficial Owner (BeneficialOwner ID)

4. Responsibilities of the Beneficial Owner

4.1. The Beneficial Owner shall be responsible for

4.1.1. The veracity of all statements and particulars set out in the account opening form. supportingor accompanying documents and the Agreement ;

4.1.2. The authenticity and genuineness of all certificates and/or documents submitted to the

Participant along with or in support of the account opening form or subsequently fordematerialisation ;

4.1.3. Title to the securities submitted to the Participant from time to time for dematerialisation

4.1.4. Ensuring at all times that the securities to the credit of his/its account are sufficient to meet

the instructions issued to the Participant for effecting any transaction ;

4.1.5. Informing the Participant at the earliest of any changes in the account particulars of theBeneficial Owner such as address, bank details, status. authorisations, mandatesnomination, signature etc. ;

4.1.6. Furnishing accurate identification details whilst subscribing to any issue of securities.

5. Participant to open separate account for each Beneficial Owner

5.1 The Participant shall maintain a separate account for each beneficial owner and ensurethat the securities of the Beneficial Owner are not mixed with the securities of any other

beneficial owner or those of the Participant.

6. Execution of Beneficial Owner's instructions

6.1. Subject to the Participant's right of lien and subject to any orders instructions, directionsor instructions issued by any Court, Tribunal, SEBI, Central or State Government or any

other authority empowered in that behalf or by CDS, the Participant shall carry out theinstructions issued by the Beneficial Owner confirming debits or credits to his/its accountpursuant to any transaction of his/its securities with utmost dispatch on the same day on

which the instruction are issued and failing that before the close of working hours of theimmediately succeeding working day provided however, that subject to the above, theBeneficial Owner may issue standing instructions to the Participant for crediting his account

in accordance with the instructions.

6.2. Where multiple instructions are received from the Beneficial Owner and the BeneficialOwner specifies the sequence of execution of instructions, the instructions shall be carriedout by the Participant in the same manner and sequence as shall have been specified by

the Beneficial Owner to the extent it can be executed with the clear balance available in theBeneficial Owner's account with the Participant.

6.3. Where multiple instructions are received from the Beneficial Owner but the Beneficial

Owner has not specified the sequence of execution of instructions, the Participant shallexecute the instructions in the same chronological order in which such instructions werereceived from the Beneficial Owner to the extent it can be executed with the clear balance

available in the Beneficial Owner's account with the Participant.

6.4 The Beneficial Owner may at any time instruct the Participant to dematerialise any eligiblesecurities held in physical form. The Participant after electronically 'registering suchrequest with CDS shall forward the Dematerialisation Request Form (DRF) along with

the relevant security certificates to the Issuer or its RTA within two working days of thereceipt of the same from the Beneficial Owner and till such time shall ensure the safecustody of the securities in physical form.

6.5. The Beneficial Owner may at any time make a request to the Participate forrematerialisation of the balances in his/its account (or any part thereof), which requestshall be made in the Rematerailisation Request Form (RRF), Before accepting the RRF,

the Participant shall ensure that sufficient unencumbered balance in respect of the relevantsecurities is available in the Beneficial Owner's account and shall electronically intimate

SCHEDULE I

the request to CDS. The Participant shall within two working days of accepting such RRF

from the Beneficial Owner forward the same to the Issuer or its RTA.

7. Pledge/Hyprothecation

7.1. The Beneficial Owner may pledge or hypothecate the securities held in his/its account withthe Participant strictly in accordance with the provisions and restrictions laid down in the

Regulations. Bye Laws, Operating Instructions. Save and except the creation of a pledgeor hypothecation in the manner aforesaid the Beneficial Owner shall not in any mannercharge, mortgage or otherwise encumber the securities held in his/its account with the

Participant.

8. Freezing and Defreezing of Beneficial Owner's Account

8.1. The Beneficial Owner may at any time exercise his/its right to freeze his/its account withthe Participant so as to freeze all operations in respect of such securities held in his/its

account with the Participant for such period as the Beneficial Owner may specify. TheParticipant shall indemnify and keep indemnified the Beneficial Owner from any harm,loss, damage or injury that the Beneficial Owner may suffer or incur by reason of the

Participant's failure to freeze the Beneficial Owners account within such time from thereceipt of valid instructions in that behalf and in such manner as may be specified by theBye Laws and Operating Instructions.

8.2. The Beneficial Owner may at any time exercise his/its right to defreeze and reactivate his/

its account maintained with the Participant in accordance with the procedure and subjectto the restrictions laid down under the Bye Laws and/or Operating instructions. The Participantshall indemnity and keep indemnified the Beneficial Owner from any harm, loss, damage

or injury that the Beneficial Owner may suffer or incur by reason of the Participant's failureto defreeze the Beneficial Owner's account within such time from the receipt of validinstructions in that behalf and in such manner as may be specified by the Bye Laws and

Operating Instructions.

8.3. The account of the Beneficial Owner shall be frozen by the Participant, on the Participantbeing served with any, direction, order or decree of a Court, Tribunal, Central or State

Government, SEBI or any statutory or revenue authority or on receipt of written instructionsfrom CDS calling upon the Participant so to do and upon such account being frozen, theParticipant shall forthwith intimate the Beneficial Owner of the same.

9. Participant's Lien

9.1. The Participant shall not exercise any lien without the prior approval of CDS, on anysecurities belonging to the Beneficial Owners held in dematerialised form in any accountwith the Participant in his capacity as such including any compensation for any loss caused

to the Participant and/or CDS by reason of fraud, negligence or mistake on the part of theBeneficial Owner. The Participant shall, upon receipt of such approval from CDS, givenotice in writing to the Beneficial Owner of the exercise of such lien by the Participant in

respect of such of the securities held in the Beneficial Owner's account as CDS mayspecify.

10. Beneficial Owner to intimate change of particulars

10.1. The Beneficial Owner shall notify the Participant of any change in the particulars set out,

in the application form submitted to the Participant at the time of opening the account orfurnished to the Participant form time to time at the earliest. The Participant shall not beliable or responsible for any loss that may be caused to the Beneficial Owner by reason

of his failure to intimate such change to the Participant at the earliest.

11. Participant not liable for claims against Beneficial Owner

11.1. The Participant shall not be liable to the Beneficial Owner in any manner towards losses,liabilities and/or expenses arising from the claims of third parties or for any fees, charges,

taxes, duties, levies or penalties levied, imposed or demanded by any Central, State,statutory or revenue authority in respect of securities credited to be Beneficial Owner'saccount.

12. Authorised Representative

12.1. Where the Beneficial Owner is a body corporate, it shall, simultaneously with the executionof the Agreement furnish to the Participant, a list of officials authorised by it, who shallrepresent and interact on its behalf with the Participant. Any change in such list including

additions, deletions or alterations thereto shall be forthwith communicated to the Participant.

13. Confidentiality

13.1. The Participant shall be at liberty to provide or disclose such details, particulars, data orinformation relating to the Beneficial Owner and or his accounts may be required or

directed in writing by any Court; Tribunal. Central or State Government, SEBI or any otherregulatory or revenue authority empowered by law in that behalf or by CDS or the concernedIssuer and or RTA or Clearing Corporation through CDS or as may be required for

compliance with any obligations in law or for enforcement of any of its rights or for protectionof its interest without reference or recourse to the Beneficial Owner provided however thatsave and except as aforesaid, the Participant shall not divulge or permit or suffer to be

disclosed any such details, particulars, data or information to any party or person and shallhold such details, particulars, data and information in strict confidence.

14. Change in address

14.1. The Beneficial Owner shall inform the Participant of any proposed change in address of

its office registered office at least thirty days before the date of such, change.

15. Closure of Account

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....................................................7 X....................................................7


xi

15.1. The Beneficial Owner may at any time terminate the Agreement by calling upon theParticipant to close his/its account with the Participant provided no instructions remain

pending or unexecuted and no fees or charges remain payable by the Beneficial Owner tothe Participant. In such event the Beneficial Owner shall make in application to the Participantin the format specified by CDS in that behalf. The Beneficial Owner may close his/its

account by executing the account closing form if no balances are standing to his/its creditin the account. In case any balances of securities exist in the account sought to the closed,the account may be closed in one of the following ways:

15.1.1. by rematerialisation of all existing balance in his/its account:

15.1.2. by transfer of all existing balances in his/its account to one or more of his/its other accounts held with any other participants:

15.1.3. by rematerialisation of a part of the existing balances in his/its account and

by transferring the rest to one or more of his/its other accounts with any otherparticipants.

15.2. The Participant shall initiate the procedure for transfer of balances or for rematerialisationof securities in the Beneficial Owner's account. as the case may be. within a period of two

working days from the date of receipt of instructions from the Beneficial Owner in thatbehalf.

15.3. The Beneficial Owner's account shall not be closed if there exist any securities in the

Beneficial Owner's account which are pledged or hypothecated unless such closure isconsented to hypothecated unless such closure is consented to by the pledgee or thehypothecate, as the case may be pledgee or the hypothecate, as the case may be or the

account is unreconciled or if the closure of such account would result in breach or violationof any decree or order or injunction of any Court Tribunal or Statutory or Revenue authority.

15.4. In the event of the Participant ceasing to be a participant, the Beneficial Owner may eitherseek rematerialisation of his/its securities or request for the transfer of the securities in its

account to an account opened with another participant.

16. Circumstances under which the participant is entitled to Terminate the Agreement

16.1. In the event of the Beneficial Owner :

16.1.1. failing to pay the fees or charges as may be mutually agreed upon within a

period of thirty days from the date of demand made in that behalf.

16.1.2. submitting for dematerialisation any certificates or other documents of titlewhich are forged, fabricated, counterfeit or stolen or have been, obtained byforgery or the transfer whereof is restrained or, prohibited by any direction,

order or decree of any Court, Tribunal, Central or State Government, SEBIor any statutory, or revenue authority or under any covenant or undertakinggiven to any statutory authority;

16.1.3. commits or participates in any fraud or other act of moral turpitude in his/itsdealings with the Participant;

16.1.4. Otherwise misconducts himself in any manner.

16.2 The Participant may also terminate the Agreement without assigning any reasons for such

termination provided the Participant shall have issued at least one month's prior notice inwriting to the Beneficial Owner in that behalf.

16.3 In the event of the Participant terminating the Agreement, the Participant shall call upon theBeneficial Owner to specify whether he desires to have the security balances in his/ its

account transferred to his/its account with another participant or to have the samerematerialised in the manner specified in the Bye Laws and the Participant shall accordinglyclose the account of the Beneficial Owner.

16.4. Where the Agreement is terminated by the Participant for any reason not attributable to theBeneficial Owner, the cost, charges and expenses involved in the transfer of the BeneficialOwner's account to any other Participant or rematerialisation of securities in such account

shall be borne by the Participant.

16.5. Upon termination of the Agreement, if the Beneficial Owner fails to specify the account withany other Participant to which the existing balances are to be transferred or if the Participantfails to take necessary steps to have the securities in such account transferred to the

Beneficial Owner's account with some other Participant, CDS shall nominate any otherparticipant to whom such account shall stand transferred for the time being, providedhowever that no transaction in respect of securities in such transferred account shall be

effected until such time as the Beneficial Owner shall have entered into an agreement withthe participant to whom such account shall have been so transferred by CDS.

16.6. Notwithstanding termination of the Agreement by the Participant or closure of his/its account

by the Beneficial Owner, the provisions of the Agreement and all mutual rights andobligations arising therefrom shall, except in so far as the same are contrary to or inconsistentwith such termination or closure, shall continue to be binding on the parties in respect of

all acts, deeds, matters and things done and transactions effected during the period whenthe Agreement was effective.

17. Indemnity

17.1. The Participant shall indemnify and keep indemnified and saved harmless the Beneficial

Owner from and against all harm, loss, damage and injury and all claims, demands, suits,actions, litigation, prosecution and every other proceedings whatsoever (including allcosts, charges and expenses relating thereto) suffered or incurred by the Beneficial Owner

by reason of or on account of the Participant effecting any debit or credit of securities to theaccount of the Beneficial Owner without due confirmation from of contrary to or inconsistentwith the instructions of the Beneficial Owner or otherwise falling to carry out the instructions

of the Beneficial Owner or on account of any negligence on the part of the Participant, itsemployees, servants or agents or otherwise committing any act, deed, matter or thingwhich is violative of the Act, Regulations, Bye Laws and Operating Instructions.

17.2. The Beneficial Owner shall indemnify and keep indemnified and saved harmless the

Participant, his/its employees and servants from and against all harm, loss, damage and

injury and all claims, demands, suits, action, litigation, prosecution or every other proceedingwhatsoever (and all costs, charges and expenses relating thereto) suffered or incurred by

the Participant on account of or as a reason of any certificates or other documents inrespect of the securities submitted to the Participant being forged, fabricated, counterfeit,stolen, cancelled or being otherwise invalid or such securities being subject to any decree,

order or injunction of any Court, Tribunal, Central or State Government or any otherauthority empowered in that behalf restraining or prohibiting transfer of those securities orthe transfer or such securities being in breach of any undertaking or covenant in favour of

any statutory body or authority.

18. Stamp Duty

18.1. Any stamp duty (including interest or penalty levied thereon) payable on the Agreementand/or on any deed, document or writing executed in pursuance hereof between the parties

hereto shall be borne and paid by the Beneficial Owner.

19. Force Majeure etc.

19.1. Notwithstanding anything contained herein or in the Bye, Laws, neither party hereto shallbe liable to indemnify or compensate the other for any breach, non-performance or delay

in performance of, any obligations under the Agreement or for any harm, loss, damage orinjury caused to the other due to causes reasonably beyond its control including but notlimited to tide, storm, cyclone, flood, lightning, earthquake, fire, blast, explosion or any

other act of God, war, rebellion, revolution, insurrection, embargo or sanction, blockade,riot, civil commotion, labour action or unrest including strike, lock-out or boycott, interruptionor failure of any utility service, enemy action, criminal conspiracy, act of terrorism or

vandalism, sabotage, hacking, unanticipated technological or natural interference orintrusion loss or damage to satellites, loss of satellite linkage or an other datacommunications linkage, loss or connectivity or any other irresistible force or compulsion.

20. Service of Notice

20.1. Any notice or communication required to be given under the Agreement shall not be bindingunless the same is in writing and shall have been served by delivering the same at theaddress set out hereinabove against a written acknowledgement of receipt thereof or by

sending the same by pre-paid registered post at the aforesaid address or transmitting thesame by fascimile transmission. electronic mail or electronic data transfer at number oraddress that shall have been previously specified by the party to be notified.

20.2. Notice given by personal delivery shall be deemed be given at the time of delivery.

20.3. notice sent by post in accordance with this clause shall be deemed to be given at thecommencement of business of the recipient of the notice on the third working day nextfollowing its posting.

20.4. Notice sent by fascimile transmission, electronic mail or electronic data transfer shall bedeemed to be given at the time of its actual transmission.

21. Severability

21.1. If any provision of the Agreement shall be held or adjudged by any competent Court.

Tribunal or regulatory authority to be unlawful, void or unenforceable of if any provision isrendered void or unenforceable by reason of any statutory amendment notification or anyjudicial decision such provision shall to the extent required by severed from the Agreement

and rendered ineffective as far as possible without modifying the remaining provisions ofthe Agreement but shall not in any way effect the validity or enforcement of the rest of theprovisions of the Agreement which shall continue to apply with full force and effect.

22. Amendments/Modifications at SEBI'S instance to be binding

22.1. The parties hereto shall be bound by any additions, alterations, modifications, amendmentsor deletions to the Agreement or to any provisions thereof as maybe required or directedSEBI and shall execute all such deeds, documents or writings as may be required for

giving effect thereto.

23. No Waiver

23.1. Neither party hereto shall be deemed to have waived, abandoned or relinquished any right,power, privilege or remedy available to it under the Agreement or in law except by a writing

executed in that behalf and no failure or delay on the part of any of the parties hereto in theexercise of such right, power, privilege or remedy shall operate as a waiver thereof or asa waiver of any preceding or succeeding breach by the other party to the Agreement nor

shall any single or any partial exercise of any right, power, privilege or remedy precludeany other or further exercise of such or any other right, power, privilege or remedy availableunder the Agreement or otherwise available in law or in equity it being agreed that all such

rights, powers, privileges or remedies are several and cumulative of each other.

24. Governing Language

24.1. All deeds, documents and writings that may be executed and all correspondence that maybe exchanged between the parties hereto in relation to the subject matter of the Agreement

shall be in English language, which shall be the governing language between the partieshereto.

25. Governing Law

25.1 The Agreement shall be governed by construed in accordance with the laws in force in

India.

26. Headings

26.1. The heading in the Agreement are for convenience and reference only and shall in no wayaffect the construction or interpretations of the Agreement.

27. Interpretation

27.1. Unless the context otherwise requires, words denoting the singular shall include the pluraland vice versa and words denoting the masculine gender shall include the feminine andvice versa and any reference to any statute, enactment or legislation or any provision

thereof shall include any amendment thereto or any re-enactment thereof.

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Definitions :

In these Terms and Conditions the terms shall have following meaning unless indicated otherwise:

1. “Depository” means Central Depository Services (India) Limited a company incorporated in India

under the Companies Act 1956 and having its corporate office at 17th Floor, P.J. Towers, Dalal Street,

Fort, Mumbai 400001 and all its branch offices and includes its successors and assigns.

2. ‘DP’ means Depository Participant of CDSL. The term covers all types of DPs who are allowed to open

demat accounts for investors.

3. ‘BO’ means an entity that has opened a demat account with the depository. The term covers all types

of demat accounts, which can be opened with a depository as specified by the depository from timeto time.

4. SMS means “Short Messaging Service”

5. “Alerts” means a customized SMS sent to the BO over the said mobile phone number.

6. “Service Provider” means a cellular service provider(s) with whom the depository has entered / will be

entering into an arrangement for providing the SMS alerts to the BO.

7. “Service” means the service of providing SMS alerts to the BO on best effort basis as per these terms

and conditions.

Availability :

1. The service will be provided to the BO at his / her request and at the discretion of the depository. Theservice will be available to those accountholders who have provided their mobile numbers to the

depository through their DP. The services may be discontinued for a specific period / indefinite period,

with or without issuing any prior notice for the purpose of security reasons or system maintenance or

for such other reasons as may be warranted. The depository may also discontinue the service at any

time without giving prior notice for any reason whatsoever.

2. The service is currently available to the BOs who are residing in India.

3. The alerts will be provided to the BOs only if they remain within the range of the service provider’sservice area or within the range forming part of the roaming network of the service provider.

4. In case of joint accounts and non-individual accounts the service will be available, only to one mobile

number i.e. to the mobile number as submitted at the time of registration / modification.

5. The BO is responsible for promptly intimating to the depository in the prescribed manner any change

in mobile number, or loss of handset, on which the BO wants to receive the alerts from the depository.

In case of change in mobile number not intimated to the depository, the SMS alerts will continue to

be sent to the last registered mobile phone number. The BO agrees to indemnify the depository for anyloss or damage suffered by it on account of SMS alerts sent on such mobile number.

Receiving Alerts :

1. The depository shall send the alerts to the mobile phone number provided by the BO while registering

for the service or to any such number replaced and informed by the BO from time to time. Upon such

registration / change, the depository shall make every effort to update the change in mobile number

within a reasonable period of time. The depository shall not be responsible for any event of delay or

loss of message in this regard.

2. The BO acknowledges that the alerts will be received only if the mobile phone is in ‘ON’ and in a mode

to receive the SMS. If the mobile phone is in ‘Off’’ mode i.e. unable to receive the alerts then the BO

may not get / get after delay any alerts sent during such period.

3. The BO also acknowledges that the readability, accuracy and timeliness of providing the service

depend on many factors including the infrastructure, connectivity of the service provider. The depository

shall not be responsible for any non-delivery, delayed delivery or distortion of the alert in any way

whatsoever.

4. The BO further acknowledges that the service provided to him is an additional facility provided for his

convenience and is susceptible to error, omission and/ or inaccuracy. In case the BO observes any

error in the information provided in the alert, the BO shall inform the depository and/ or the DP

immediately in writing and the depository will make best possible efforts to rectify the error as earlyas possible. The BO shall not hold the depository liable for any loss, damages, etc. that may be

incurred/ suffered by the BO on account of opting to avail SMS alerts facility.

5. The BO authorizes the depository to send any message such as promotional, greeting or any other

message that the depository may consider appropriate, to the BO. The BO agrees to an ongoing

confirmation for use of name, email address and mobile number for marketing offers between CDSL

and any other entity.

6. The BO agrees to inform the depository and DP in writing of any unauthorized debit to his BO account/unauthorized transfer of securities from his BO account, immediately, which may come to his knowledge

on receiving SMS alerts. The BO may send an email to CDSL at [email protected]. The

BO is advised not to inform the service provider about any such unauthorized debit to/ transfer of

securities from his BO account by sending a SMS back to the service provider as there is no reverse

communication between the service provider and the depository.

7. The information sent as an alert on the mobile phone number shall be deemed to have been received

by the BO and the depository shall not be under any obligation to confirm the authenticity of theperson(s) receiving the alert.

8. The depository will make best efforts to provide the service. The BO cannot hold the depository liable

for non-availability of the service in any manner whatsoever.

9. If the BO finds that the information such as mobile number etc., has been changed with out proper

authorization, the BO should immediately inform the DP in writing.

Fees :

Depository reserves the right to charge such fees from time to time as it deems fit for providing this service

to the BO.

Disclaimer :

The depository shall make reasonable efforts to ensure that the BO’s personal information is kept confidential.

The depository does not warranty the confidentiality or security of the SMS alerts transmitted through a

service provider. Further, the depository makes no warranty or representation of any kind in relation to the

system and the network or their function or their performance or for any loss or damage whenever and

howsoever suffered or incurred by the BO or by any person resulting from or in connection with availing of SMS

alerts facility. The Depository gives no warranty with respect to the quality of the service provided by theservice provider. The Depository will not be liable for any unauthorized use or access to the information and/

or SMS alert sent on the mobile phone number of the BO or for fraudulent, duplicate or erroneous use/ misuse

of such information by any third person.

Liability and Indemnity :

The Depository shall not be liable for any breach of confidentiality by the service provider or by any third

person due to unauthorized access to the information meant for the BO. In consideration of the depository

providing the service, the BO agrees to indemnify and keep safe, harmless and indemnified the depositoryand its officials from any damages, claims, demands, proceedings, loss, cost, charges and expenses

whatsoever which a depository may at any time incur, sustain, suffer or be put to as a consequence of or

arising out of interference with or misuse, improper or fraudulent use of the service by the BO.

Amendments :

The depository may amend the terms and conditions at any time with or without giving any prior notice to the

BOs. Any such amendments shall be binding on the BOs who are already registered as user of this service.

Governing Law and Jurisdiction :

Providing the Service as outlined above shall be governed by the laws of India and will be subject to the

exclusive jurisdiction of the courts in Mumbai.

I/We wish to avail the SMS Alerts facility provided by the depository on my/our mobile number provided in the registration form subject to the terms and conditions mentioned below. I/ We consent to CDSL providing

to the service provider such information pertaining to account/transactions in my/our account as is necessary for the purposes of generating SMS Alerts by service provider, to be sent to the said mobile number.

I/We have read and understood the terms and conditions mentioned above and agree to abide by them and any amendments thereto made by the depository from time to time. I/ we further undertake to pay fee/ charges

as may be levied by the depository from time to time.

I / We further understand that the SMS alerts would be sent for a maximum four ISINs at a time. If more than four debits take place, the BOs would be required to take up the matter with their DP.

DP Id BO Id

Sole/First Holder’s Name :

Second Holder’s Name :

Third Holder’s Name :

Mobile No. on which messages are to be sent

(Please write only the mobile number without prefixing country code or zero)

The Mobile Number is registered in the name of :

E-mail Id :

(Please write only ONE valid email Id on which communication; if any, is to be sent)

Place :

Date : / /20

I/We am/ are aware that mere acceptance of the registration form does not imply in any way that the request has been accepted by the depository for providing the service.

1 2 0 4 2 3 0 0 0 0(Please write your 8 digit BO Id in CDSL)

+ 9 1

Terms and Conditions-Cum-Registration / Modification Form for receiving SMS Alerts from CDSL

Ref. No.


DPID : 12042300 DP SEBI Regn. No. IN-DP-CDSL-324-2005


Tel.: +91-11-23636362-63 Fax : +91-11-23636744-43


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Tel.: +91-11-23636362-63 Fax : +91-11-23636744-43


Ref. No.

Electronic Access to Securities Information (easi) Registration Form - Beneficial Owner (BO)

Part-A1. Application: The application for availing of the easi service and the registration thereof shall be made in

physical form (i.e., by a hard copy). The acceptance or acknowledgment of receipt of the application by CDSLdoes not automatically imply acceptance of the application for availing easi service. CDSL shall be entitledat its sole discretion to either accept or reject an application. CDSL will from time to time advise about theInternet Software (such as Browser), required for using easi. There will be no obligation on CDSL to supportall versions of the Internet Software.

2. Registration Procedure:a) In order to get registered to easi a BO shall provide certain information like BOID, login ID, Email address,

Tel. Nos. etc. at easi.b) The Login ID as entered would be used by BO for accessing easi. The login ID would be accepted if the

same is not already registered with easi.c) After filling up the necessary details at easi, BO shall print and sign the Registration Form. The Registration

Form should be compulsorily signed by all the account holders, in case of joint accounts.d) The BO shall submit the Registration Form to Depository Participant (DP).e) If details and signatures on the Registration Form are found in order, the login ID of the BO would be

activated to access easi.f) On activation a password would be generated for the Login ID, the password would be mailed to the Email

ID of the BO as mentioned in the BO Registration Form. For the purpose of security it is advised that BOshould provide a exclusive Email ID which is accessed by him only. CDSL shall not be responsible forleakage of password in case the Email ID is accessed by person other then the BO.

g) On receiving password a BO can avail easi service by accessing the internet site http://www.cdslindia.com.

h) A BO is required to enter the login ID and Password.i) If a BO is logging into easi for the first time, he/she is required to change the password immediately.j) BO is requested to take following measures in order to make easi more secure and safe.

• Change the password immediately after first login.• Do not use common/dictionary words for password.• Password should be minimum 8 digits containing alphanumeric characters.• Keep your password confidential, never reveal/share the same with anyone.

• Do not write your password anywhere.• While entering the password for accessing easi make sure that no one can see the same.• Before moving to the other website logout from easi.• After accessing the easi immediately delete all files in the folder “C:\Windows\Temporary Internet

Files”.• BOs are advised to access easi from their own PC, as third party PCs may contain software to reveal

password.• Change your password at regular intervals.

k) If a BO forgets his/her password for easi, it can request for a change in the password by following the‘Forgot your Password procedure’. The existing contract would be valid after the Replacement/changeof password.

Part BTerms and Conditions1. Facilities through easi (Electronic Access to Securities Information)

easi provides a BO a facility to enquire about the balances in their Demat Account, details about transactionsand other services, which CDSL may decide to provide from time to time in its absolute discretion. Theavailability / non-availability of a particular service shall be advised either through email, web site of CDSLor written communication

2. Definition: In this document, the following words and phrases shall have the meaning set opposite themunless the context indicates otherwise:• CDSL : means Central Depository Services (India) Limited, a company incorporated under the Companies

Act, 1956 and registered under the Depositories Act 1996 with Securities and Exchange Board of India.• Beneficial Owner : Means an individual/corporate/HUF,etc. who has opened a Demat account with a

Depository Participant of CDSL• easi (Electronic Access to Securities Information): refers to the trade name of CDSL’s Internet Services

which enables a BO to enquire about the balances in his/her Demat Account, details about transactionsand other services, which CDSL may decide to provide from time to time in its absolute discretion.

• Internet: refers to a Global network of inter connected Computers network, each using transmissioncontrol protocol /Internet protocol or any combination thereof or such other standard network inter connectionprotocols as is used to transmit data that is directly or indirectly delivered to a Computer.

• Subscriber: means a BO identified and duly registered as a subscriber to the easi service.• Personal Information: refers to the information about the Demat Account that is stored on the records of

CDSL and may be retrieved in perceivable form.• Terms used but not defined herein shall have the meaning assigned to them in the CDSL Byelaws.

3. Mailing Address: All correspondence / delivery by CDSL shall only be made at the address and / or e-mailaddress as registered with CDSL.

4. Liability: CDSL shall not be liable to BO for any transactions occurring through the use of easi service andthe BO hereby indemnifies and keeps indemnified CDSL against any action, suit, proceeding initiatedagainst it or any loss, cost or damage incurred by it as a result thereof. CDSL shall under no circumstanceshall be liable to the BO if the access is not available in the desired manner for reasons including but notlimited to natural calamities, legal restraints, faults in the telecommunication network or network failure orany other reason beyond the control of CDSL. Under no circumstance shall CDSL be liable for damageswhatsoever whether such damages are direct, indirect, incidental consequential and irrespective whetherany claim is based on loss of revenue, interruption of business, or any loss of any nature and whethersustained by the BO or any other person. Illegal or improper use of the easi service shall render the BO liablefor payment of pecuniary charges (fine) as decided by CDSL and will result in suspension/termination of theaccess to the easi service.

5. Disclosure of Personal Information: The BO agrees that CDSL or its agents may hold and process itsPersonal Information on computer or otherwise in connection with easi as well as for statistical analysis.The BO also agrees that CDSL may disclose, in strict confidence, to other institutions, such PersonalInformation as may be reasonably necessary for reasons inclusive of but not limited to the following:• To the DP where the BO is having his/her demat account• For participation in any telecommunication network• In compliance with a legal directive &• For fraud prevention purposes, etc.

6. Proprietary Rights: The BO acknowledges that the software underlying easi as well as other Internet relatedsoftware required for accessing easi is the sole copyright of the respective vendors. The permission givenby CDSL to access easi will not convey any proprietary or ownership rights in the above software. The BOshall not attempt to modify, translate, disassemble, decompile or reverse engineer the software underlyingeasi or create any derivative product based on such software.

7. Change of Terms and Conditions: CDSL has the absolute discretion to amend, alter, vary or supplement anyof the terms and conditions at any time and will endeavor to give prior notice of fifteen days wherever feasiblefor such changes. CDSL may introduce new services within easi from time to time. The existence andavailability of the new services will be notified to the BO as and when they are made available. The changedterms and conditions applicable to the new features in easi service shall be communicated to the BO. Byusing these new services, the BO agrees to be bound by the revised terms and conditions applicable.

8. Non-Transferability: The right of avail of easi to a BO is not transferable under any circumstance and shallbe availed by the registered BO only.

9. Termination of easi Service: The BO may request for termination of the easi service any time by giving awritten notice of at least 15 days to CDSL. CDSL may withdraw the easi service anytime provided the BOis given reasonable notice under the circumstances. The closure of the BO Pool Accounts of the BO willautomatically terminate the easi service. CDSL may suspend or terminate easi service without prior noticeif the BO has breached any of the terms and conditions or CDSL learns of the death, bankruptcy or lack oflegal capacity of the BO.

10. Notices: CDSL and the BO may give notices in the following manner under these Terms and Conditions:• In writing by delivering them by hand or by sending them by post to the last address given by the BO and

in the case of CDSL to the address mentioned below:Central Depository Services (India) Ltd. (CDSL)17th Floor, Phiroze Jeejeebhoy Towers,Dalal Street, Mumbai – 400 001.

• In addition, CDSL may also publish notices of general nature, which are applicable to all BOs using easion its website. Such notices will have the same effect as if the notice was served individually to each BO

11. Governing Law: These terms and conditions and / or the use of the services provided through easi shall begoverned by the laws of the Republic of India. The BO and CDSL agree to submit themselves to the exclusivejurisdiction of the Courts located in Mumbai, India as regards any claims or matters arising under these termsand conditions. Any dispute or difference arising between the BO and CDSL shall be settled by mutualconsultation / discussion, failing which the same shall be referred to Arbitration. The Arbitration proceedingsshall be governed and conducted in accordance with the Indian Arbitration and Conciliation Act, 1996 andthat the Arbitration proceedings shall take place in Mumbai. CDSL accepts no liability whatsoever, director indirect, for non-compliance with the laws of any country other than the Republic of India. The mere factthat easi service can be accessed through Internet by a BO in a country other than India shall not beinterpreted to imply that the laws of the said country govern these terms and conditions.

12. General: The clause headings in this agreement are only for convenience and do not affect the meaning ofthe relative clause. The BO shall not assign this agreement to anybody else. CDSL may subcontract andemploy agents to carry out any of its obligations under this agreement.

13. Disclaimer: All information provided in easi is obtained by CDSL from sources believed by CDSL to beaccurate and reliable. Because of the possibility of human and technical error as well as other factors, CDSLis not responsible for any errors or omissions. The development of the products and services of CDSL is acontinuous process and published information may not be up to date. The formats, update frequency andretention period of the information will be decided at the sole discretion of CDSL. It is important to check thecurrent position with concerned Depository Participant. All information is provided on ‘as is’ basis withoutwarranty of any kind. CDSL makes no representation and disclaim all express, implied and statutorywarranties of any kind to the BO and/or any third party including warranties as to accuracy, timeliness,completeness, merchantability or fitness of the information for any particular purpose. All proprietary rightsin the information received shall remain the property of CDSL. Reproduction, redistribution and transmissionof any information contained on the web site is strictly prohibited. Access to this web site is in confirmationthe BO has understood and accepted these terms and conditions. This service does not in any mannerwhatsoever undermine, compromise or substitute the provisions of the agreement entered into by the BO withits Depository Participant.

Name of the Beneficial Owner(s)

1.

2.

3.

Beneficial Owner ID

Login ID

DP Name

DPID

DP Address

Email Address of the BO

Tel. No.

Mobile No.

I/We would like to register above mentioned account for the easi service. I /We am/are

aware that easi service is available to me/us which only enables me/us to view the

security balances lying in the said accounts. I/We hereby agree to the terms and

conditions we have read earlier for availing the said service.

Date ____/____/_________ Place ___________________

Signature(s)

(To be filled up by the DP)

This is to certify that

1.______________________________________________________________________

2.______________________________________________________________________

3.______________________________________________________________________

are maintaining BO A/c no._____________________ with us. We have verified the

signatures of the said account holders and they match with the specimen signa-

tures as per our records.

Date ____/____/_________ Place ___________________

Signature ___________________________

(Authorised Signatory & Stamp of DP)

1 2 0 4 2 3 0 0 0 0

RR Equity Brokers Pvt. Ltd.

12042300

47, M.M. Road, Rani Jhansi Marg,

New Delhi-110055

xiv

X10


X10 X10

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FORMAT FOR POWER OF ATTORNEY (To be executed on Rs. 100/- Stamp Paper)

KNOW ALL MEN BY THESE PRESENTS THAT I/WE...........................................................................................................................................................S/O, D/O, W/O.................................................................................................................................................................................................................Nationality Indian, residing at..............................................................................................................................................................................................................................................................................................................................................................................................................................................or we RR EQUITY BROKERS PVT. LTD. a company registered under the Companies Act, 1956 having our registered office at 133A, Mittal TowerNariman Point, Mumbai-400021 do hereby nominate constitute and appoint RR Equity Brokers Pvt. Ltd. a company incorporated the Companies Act,1956 and operation for the purpose of these presents from its registered office in India situated at 133A, Mittal Tower Nariman Point, Mumbai-400021,Corporate Office: 412-422, Indraprakash Building, 21 Barakhamba Road, New Delhi-110001 acting through any of its Directors and / or officers dulyauthorized by it for the purpose, as my/our true and lawful constituted Attorney (hereinafter referred to as “the said Attorney”) and authorize it on my/our behalf to do all or any of the following acts, deeds and things :

1. To operate Beneficiary account(s) no (s)

a. ........................................................................................................................................................................................................................

b. ........................................................................................................................................................................................................................

c. ........................................................................................................................................................................................................................

d. ........................................................................................................................................................................................................................

held by me/us maintained with the said attorney, a depository participant, and issue instruction relating to dematerializing or rematerializingshares and securities, freezing of accounts and to sign and execute delivery instructions slips to effect transfer of shares/securities from my/our beneficiary account, to execute receipt instructions, pledge instruction, pledge closure instructions and all such other instructions that maybe necessary of expedient. As for as the acts to sign and execute delivery instructions slips to effect transfer to shares/securities or to executereceipt instructions with respect to above mentioned Beneficiary account(s) shall take place only on account of transactions occurred throughmy/our trading account (code .............................................................) opened with RR Equity Brokers Pvt. Ltd..

2. To apply for any corporate benefits such as open offers, rights issue, buy back etc. accrued on the securities in my beneficiary account(s).

3. I further agree and am fully aware that all the transactions done in this account by RR Equity Brokers Pvt. Ltd. are available to me on internet/e-mail etc. and I will not hold RR Equity Brokers Pvt. Ltd. or its officers responsible if I don’t intimate to them of any action taken under this Powerof Attorney in my account within 24 hours of any such action taken.

I do hereby agree to ratify all lawful acts and things done by the said attorney pursuant to the power hereinabove contained.

I further agree and confirm that the powers and authorities conferred by this Power of Attorney shall continue until I have given fifteen day advancenotice in writing to the contrary to the said attorney.

I/We hereby agree that all such acts done by the said attorney shall be deemed to be acts done by me/us, myself/ourselves and if necessary, shallbe ratified by us on instructions of the said attorney. This document shall be subject to the jurisdiction of the courts in Mumbai.

IN WITNESS whereof I/We set my/our hand at this....................................................day of...................................................20...........................

Mr./Ms..................................................................................................... Signature of 1st Holder

Mr./Ms..................................................................................................... Signature of 2nd Holder

Mr./Ms...................................................................................................... Signature of 3rd Holder

WITNESS:

1. Name.............................................................................................. 1. Name.................................................................................................

Address........................................................................................... Address.................................................................................................

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

Signature....................................................................................... Signature...............................................................................................


(Authorised Signatory)

X........................................................................11

X........................................................................11

X........................................................................11




Tel.: +91-11-23636362-63 Fax : +91-11-23636744-43


SCHEDULE OF CHARGES FOR DEPOSITORY SERVICES

PARTICULARS CHARGES

1. Account Maintianance Charges Rs. 200 per annum

Rs. 1000 (Corporate) per annum. To be paid in advance

2. Demat Charges per request Rs. 25+ Courier Charges extra + Rs. 2 per certificate

3. Remat & Re purchase per request Rs. 15 per 100 securities or part quantity or

Rs. 25 per certificate whichever is higher

4. Transaction Charges - Market / Off Market / Inter depository Rs. 10 (.22%) upto Rs. 25

(Delivery) Rs. 25 for Non RR Equity Clients (per transaction)

5. Pledge / Hypotheication - Creation / Closure / Invocation Rs. 25 (per transaction)

6. Instruction Booklet Rs. 10 for 10 leaves, 20 for 20 leaves, 50 for 50 leaves

7. Failed Instruction Rs. 30

8. Non periodic Statement / Additional Statement Rs. 50

9. Modification in Client Master Rs. 50 (per request)

NOTES:

1. Minimum courier charges @ Rs. 25

2. In case of delays in the payments of charges, the demat account will be frozen for all operation till such time all dues are cleared subject to 30days notice from the payment due date.

3. All instructions for transfer must be received in physical form from the clients upto 4.00 pm on “T+I” for pay in securities late instructions wouldbe accepted it the acount holder’s sole risk and responsibility.

4. Charges are subject to revision at the companies sole discretion and as per revisions in CDSL charges and are subject to 30 days notice frontthe date of applicability.

5. All payment to be made in the name of RR Equity Brokers Pvt. Ltd. “Via a Cheque/DD payable at the local branch where the account is opened.Outstanding cheques will not be accepted.

6. Any advance payment over and above the normal amount due can also be made, Any such higher amout paid than the minimum amount payableat the time of account opening shall be adjusted against the bills raised from time to time.

8. Lieves and taxes will be charged as applicable

IN CASE OF JOINT HOLDING, ALL JOINT HOLDERS MUST SIGN

CHARGED OF NON-PAYMENT OF DUES :

Penalty and Interest charges A penalty of 2% per month on the value outstanding on the bills after one month from the duedate.

Non-Payment of bill after 30 days The depository services for from the due date of the payment the account will be temporarilywithdrawn. The renewal charges for resuming the depository operations will be Rs. 100 peraccount

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