REGISTRATION KIT - Abans

S. No.

REGISTRATION KIT

INDIVIDUAL

NON-INDIVIDUAL

HUF

CORPORATE

PARTNERSHIP FIRM

Client Name

Client Code

Date of Registration

Member : NSE, BSE, MCX-SX & USE

: .............................................................................................

: .............................................................................................

: .............................................................................................

: .............................................................................................

Branch Head / Sub-broker Name

ABANS SECURITIES LTD.


Member : National Stock Exchange of India Ltd. Bombay Stock Exchange Ltd. MCX Stock Exchange Ltd. United Stock Exchange of India Ltd.

SEBI Registration Numbers : NSE (CM) : INB231349433 • Dated : 17-SEP-2009

NSE (F&O) : INF231349433 • Dated : 17-SEP-2009

NSE (CDS) : INE231332334 • Dated :19-FEB- 2009

BSE (CM) : INB011349439 • Dated : 01-OCT-2009

BSE (F&O) : INF011349439 • Dated : 01-OCT-2009

MCX-SX (CDS) : INE261332337 • Dated : 05-MAR-2009

USE (CDS) : INE271349438 • Dated : 06-SEP- 2010 Regd. Office : 11,ONGC BUILDING NO.3, OPP LILAVATI HOSPITAL,

BANDRA RECLAMATION, BANDRA (W) MUMBAI-400 050

Ph 022-26403454/3554 • Fax : 022- 26403530

Email : [email protected] www. abans.co.in

Director Compliance Officer

MR. ABHISHEK PRADEEPKUMAR BANSAL.: MR. Sumit Bulchandani Ph 022-26403454/3554 Ph 022-26403454/3554

Email : [email protected] Mob-8898584013

Email :[email protected]

For any grievance/dispute please contact ABAN SECURITIES LTD. at the above address or email id [email protected] and

Phone No 022-26403454. In case not satisfied with the response, please contact the concerned exchange(s) at

(NSE) [email protected] and Phone No. 022-26598190,

( BSE) [email protected] and Phone No.022-22728097,

(MCX-SX ) [email protected] & Phone No. 022-67319000,

(USE) [email protected] and Phone No. 022-42444999

INSTRUCTIONS / CHECK LIST FOR FILLING KYC FORMA. IMPORTANT POINTS:1. Self attested copy of PAN card is mandatory for all clients, including Promoters/Partners/Karta/Trustees and whole time directors

and persons authorized to deal in securities on behalf of company/firm/others.2. Copies of all the documents submitted by the applicant should be self-attested and accompanied by originals for verification. In

case the original of any document is not produced for verification, then the copies should be properly attested by entitiesauthorized for attesting the documents, as per the below mentioned list.

3. If any proof of identity or address is in a foreign language, then translation into English is required.4. Name & address of the applicant mentioned on the KYC form, should match with the documentary proof submitted.5. If correspondence & permanent address are different, then proofs for both have to be submitted.6. Sole proprietor must make the application in his individual name & capacity.7. For non-residents and foreign nationals, (allowed to trade subject to RBI and FEMA guidelines), copy of passport/PIO Card/OCI

Card and overseas address proof is mandatory.8. For foreign entities, CIN is optional; and in the absence of DIN no. for the directors, their passport copy should be given.9. In case of Merchant Navy NRI's, Mariner's declaration or certified copy of CDC (Continuous Discharge Certificate) is to be

submitted.10. For opening an account with Depository participant or Mutual Fund, for a minor, photocopy of the School Leaving Certificate/Mark

sheet issued by Higher Secondary Board/Passport of Minor/Birth Certificate must be provided.11. Politically Exposed Persons (PEP) are defined as individuals who are or have been entrusted with prominent public functions in a

foreign country, e.g., Heads of States or of Governments, senior politicians, senior Government/judicial/ military officers, seniorexecutives of state owned corporations, important political party officials, etc.

B. Proof of Identity (POI) : - List of documents admissible as Proof of Identity:1. Unique Identification Number (UID) (Aadhaar)/ Passport/ Voter ID card/ Driving license.2. PAN card with photograph.3. Identity card/ document with applicant's Photo, issued by any of the following: Central/State Government and its Departments,

Statutory/Regulatory Authorities, Public Sector Undertakings, Scheduled Commercial Banks, Public Financial Institutions,Colleges affiliated to Universities, Professional Bodies such as ICAI, ICWAI, ICSI, Bar Council etc., to their Members; and Creditcards/Debit cards issued by Banks.

C. Proof of Address (POA): - List of documents admissible as Proof of Address:(*Documents having an expiry date should be valid on the date of submission.)1. Passport/ Voters Identity Card/ Ration Card/ Registered Lease or Sale Agreement of Residence/ Driving License/ Flat

Maintenance bill/ Insurance Copy.2. Utility bills like Telephone Bill (only land line), Electricity bill or Gas bill - Not more than 3 months old.3. Bank Account Statement/Passbook -- Not more than 3 months old.4. Self-declaration by High Court and Supreme Court judges, giving the new address in respect of their own accounts.5. Proof of address issued by any of the following: Bank Managers of Scheduled Commercial Banks/Scheduled Co-Operative

Bank/Multinational Foreign Banks/Gazetted Officer/Notary public/Elected representatives to the LegislativeAssembly/Parliament/Documents issued by any Govt. or Statutory Authority.

6. Identity card/document with address, issued by any of the following: Central/State Government and its Departments,Statutory/Regulatory Authorities, Public Sector Undertakings, Scheduled Commercial Banks, Public Financial Institutions,Colleges affiliated to Universities and Professional Bodies such as ICAI, ICWAI, ICSI, Bar Council etc., to their Members.

7. For FII/sub account, Power of Attorney given by FII/sub-account to the Custodians (which are duly notarized and/or apostiled orconsularised) that gives the registered address should be taken.

8. The proof of address in the name of the spouse may be accepted.D. Exemptions/clarifications to PAN(*Sufficient documentary evidence in support of such claims to be collected.)1. In case of transactions undertaken on behalf of Central Government and/or State Government and by officials appointed by

Courts e.g. Official liquidator, Court receiver etc.2. Investors residing in the state of Sikkim.3. UN entities/multilateral agencies exempt from paying taxes/filing tax returns in India.4. SIP of Mutual Funds upto Rs 50, 000/- p.a.5. In case of institutional clients, namely, FIIs, MFs, VCFs, FVCIs, Scheduled Commercial Banks, Multilateral and Bilateral

Development Financial Institutions, State Industrial Development Corporations, Insurance Companies registered with IRDA andPublic Financial Institution as defined under section 4A of the Companies Act, 1956, Custodians shall verify the PAN card detailswith the original PAN card and provide duly certified copies of such verified PAN details to the intermediary.

E. List of people authorized to attest the documents:1. Notary Public, Gazetted Officer, Manager of a Scheduled Commercial/ Co-operative Bank or Multinational Foreign Banks

(Name, Designation & Seal should be affixed on the copy).2. In case of NRIs, authorized officials of overseas branches of Scheduled Commercial Banks registered in India, Notary Public,

Court Magistrate, Judge, Indian Embassy /Consulate General in the country where the client resides are permitted to attest thedocuments.

F. In case of Non-Individuals, additional documents to be obtained from non-individuals, over & above the POI & POA, as mentioned below:Types of entity Documentary Requirments

Corporate • Copy of the balance sheets for the last 2 financial years (to be submitted every year).• Copy of latest share holding pattern including list of all those holding control, either directly or indirectly,

in the company in terms of SEBI takeover Regulations, duly certified by the company secretary/Wholetime director/MD (to be submitted every year).

• Photograph, POI, POA, PAN and DIN numbers of whole time directors/two directors in charge of day today operations.

• Photograph, POI, POA, PAN of individual promoters holding control-either directly or indirectly.• Copies of the Memorandum and Articles of Association and certificate of incorporation.• Copy of the Board Resolution for investment in securities market.• Authorised signatories list with specimen signatures.

Partnership Firm • Copy of the balance sheets for the last 2 financial years (to be submitted every year).• Certificate of registration (for registered partnership firms only).• Copy of partnership deed.• Authorised signatories list with specimen signatures.• Photograph, POI, POA, PAN of Partners.

Trust • Copy of the balance sheets for the last 2 financial years (to be submitted every year).• Certificate of registration (for registered trust only).• Copy of Trust deed. List of trustees certified by managing trustees/CA.• Photograph, POI, POA, PAN of Trustees.

HUF • PAN of HUF.• Deed of declaration of HUF/ List of coparceners.• Bank pass-book/bank statement in the name of HUF.• Photograph, POI, POA, PAN of Karta.

Unincorporatedassociation or abody of individuals

• Proof of Existence/Constitution document.• Resolution of the managing body & Power of Attorney granted to transact business on its behalf.• Authorized signatories list with specimen signatures.

Banks/InstitutionalInvestors

• Copy of the constitution/registration or annual report/balance sheet for the last 2 financial years.• Authorized signatories list with specimen signatures.

Foreign InstitutionalInvestors (FII)

• Copy of SEBI registration certificate.• Authorized signatories list with specimen signatures.

Army GovernmentBodies

• Self-certification on letterhead.• Authorized signatories list with specimen signatures.

Registered Society • Copy of Registration Certificate under Societies Registration Act.• List of Managing Committee members.• Committee resolution for persons authorised to act as authorised signatories with specimen signatures.• True copy of Society Rules and Bye Laws certified by the Chairman/Secretary.

Additional documents in case of trading in derivatives segments - illustrative list :Copy of ITR Acknowledgement Copy of Annual Accounts

In case of salary income - Salary Slip, Copy of Form 16 Net Worth Certificate

Copy of Demat Account Holding Statement Bank Account Statement for last 6 months

Any other relevant documents substantiating ownership of assets Self declaration with relevant supporting documents.

1. Copy of cancelled cheque leaf/ pass book/bank statement specifying name of the constituent, MICR Code or/and IFSC Code ofthe bank should be submitted.

2. Demat master or recent holding statement issued by DP bearing name of the client.3. For individuals:

a. Stock broker has an option of doing 'in-person' verification through web camera at the branch office of the stock broker/sub-broker's office.

b. In case of non-resident clients, employees at the stock broker's local office, overseas can do in-person' verification. Further,considering the infeasibility of carrying out 'In-person' verification of the non-resident clients by the stock broker's staff,attestation of KYC documents by Notary Public, Court, Magistrate, Judge, Local Banker, Indian Embassy / ConsulateGeneral in the country where the client resides may be permitted.

4. For non-individuals: a. Form need to be initialized by all the authorized signatories. b. Copy of Board Resolution or declaration (on the letterhead) naming the persons authorized to deal in securities on behalf

of company/firm/others and their specimen signatures.

ANNEXURE - 1ACCOUNT OPENING KIT

INDEX OF DOCUMENTS

MANDATORY DOCUMENTS AS PRESCRIBED BY SEBI & EXCHANGES

S.No. Name of the Document Brief Significance of the Document Page No.

A. KYC Form - Document captures the basic informationabout the constituent and an instruction / check list.

1-41. Account Opening Form

B. Document captures the additional information about the constituentrelevant to trading account and an instruction / check list.

5-8

2. Rights and Obligations Document stating the Rights & Obligations of stock broker/ trading member,sub-broker and client for trading on exchanges (including additional rights &obligations in case of internet/wireless technology based trading).

9-12

3. Risk Disclosure Document (RDD) Document detailing risks associated with dealing in the securities market. 13-15

4. Guidance Note Documents detailing do's and don'ts for trading on exchange,for the education of the investors.

16-17

5. Policies and Procedures Document describing significant policies and procedure of the stock broker. 18-21

6. Tariff SheetDocument detailing the rate / amount of brokerage and othercharges levied on the client for trading on the stock exchange(s)

22

VOLUNTARY DOCUMENTS AS PROVIDED BY THE STOCK BROKER

S.No. Name of the Document Brief Significance of the Document Page No.

1. Letter of Authority To enable the trading member to act upon the clauses mentioned in theletter of authority

23

2. Running Account Authorisation Letter where in Client Authorises Stock Broker tomaintain running account. 24

3. Authorisation for Electronic Contract Notes Where the client authorizes the stock broker to send contractnotes and other documents in electronic form.

25

4. Client Defaulter DeclarationDeclaration for being not involved in any Terrorist Activity and not declaredas defaulter by SEBI/Exchanges.

26

5. Declaration for Name Mismatch For Authorizing the payout as per enclosed Bank Proof. 26

6. Declaration for Mobile Number Declaration and permission to send information/alerts/SMS/call on the mobile no. 26

7. Format of Board Resolution to be given byCorporate Client

Format of Board Resolution to be provided by Corporateentities on their letter head for opening of account

27

8. Format of Declaration to be given byPartnership Firm To be given by the Partners of the firm for opening of account 27

9. Declaration by HUF To be given by the karta and coparceners of the HUF 28

10. Trading Technical and Derivative Research (TTD) Client consent to avail of TTD Reports 29

11. Fundamental Research (Terms & Conditions) Client consent to avail of Fundamental Research Reports 30

12. Addendum to the Client Registration Form /Key Information

Information regarding prevention of money laundering 31

DOCKET - AMANDATORY DOCUMENTS

1

KNOW YOUR CLIENT (KYC) APPLICATION FORM FOR INDIVIDUALS

Please affix

your recent

passport size

photograph

duly signed

across

I request you to register my self as your client and enable me to trade in the Cash, F&O and Currency Derivative Segment of NationalStock Exchange of India Ltd. / Bombay Stock Exchange Ltd. / MCX Stock Exchange Ltd. / United Stock Exchange of India Ltd.,Pursuant to the Agreement entered into with you, I have read Rules, Bye-laws and Regulations of the Cash, F&O and CurrencyDerivatives Segments of National Stock Exchange of India Ltd. / Bombay Stock Exchange Ltd. / MCX Stock Exchange Ltd. / UnitedStock Exchange of India Ltd. ('the exchanges") and agree to abide by them. In this regard, I give the following information :

Please fill this form in ENGLISH and in BLOCK LETTERS.

A. IDENTITY DETAILS

Name of the Applicant

Father's/Spouse Name

Gender

Status

Unique Identification Number (UID) / Aadhaar, if any :

Specify the proof of identity submitted :

B. ADDRESS DETAILS

City/Town/Village State

Correspondence Address

Country Pin Code

Tel.: (O) Tel. (R)

Mobile Fax

Contact Details

E-mail

Specify the proof of address submittedfor correspondence address

Marital Status Single Married Date of Birth Male Female

Nationality : Indian Others

Resident Individual Non Resident Foreign National

Permanent Account No. (PAN)

Regd. Office : 11,ONGC BUILDING NO.3, OPP LILAVATI HOSPITAL, BANDRA RECLAMATION, BANDRA(W)MUMBAI-400 050Ph.: 022 26403454• Fax : 022- 26403530


Email : [email protected] •

2


Permanent Address

(If different from above oroverseas address, mandatoryfor Non-Resident Applicant)

Country Pin Code

Specify the proof of addresssubmitted for Permanent address

C. OTHER DETAILS

Gross Annual IncomeDetails(please specify)

Income Range per annum : Below Rs. 1 Lac Rs. 1 Lac to 5 Lac

Rs. 5 Lac to 10 Lac Rs. 10 Lac to 25 Lac >25 Lac OR

Net-worth as on (date)...................................................... ( )

(Net worth should not be older than 1 year)

Occupation(please tick any oneand give brief details)

Private Sector Public Sector Government Service Business Professional

Agriculturist Retired Housewife Student Others

Detail of Occupation

Please tick, if applicable Politically Exposed Person (PEP) Related to Politically Exposed Person (PEP)

Any other information

DECLARATION

I hereby declare that 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 ormisrepresenting, I am aware that I may be held liable for it.

1

Signature of the Applicant Date

FOR OFFICE USE ONLY

(Originals verified) True Copies of documents received (Self-Attested) Self Certified Document copies received

Signature of the Authorized Signatory

Date Seal/Stamp of the Intermediary

3

KNOW YOUR CLIENT (KYC) APPLICATION FORM FOR NON-INDIVIDUALS

Please affix

your recent

passport size

photograph

duly signed

across

I/We request you to register my/our self as your client and enable me/us to trade in the Cash, F&O and Currency Derivative Segment ofNational Stock Exchange of India Ltd. / Bombay Stock Exchange Ltd. / MCX Stock Exchange Ltd. / United Stock Exchange of India Ltd.,Pursuant to the Agreement entered into with you, I/We have read Rules, Bye-laws and Regulations of the Cash, F&O and CurrencyDerivatives Segments of National Stock Exchange of India Ltd. / Bombay Stock Exchange Ltd. / MCX Stock Exchange Ltd. / UnitedStock Exchange of India Ltd. ('the exchanges") and agree to abide by them. In this regard, I/We give the following information :

Please fill this form in ENGLISH and in BLOCK LETTERS.

A. IDENTITY DETAILS

Name of the Applicant

Date of incorporation

Place of incorporation

Date of Commencement of Business

Permanent Account Number (PAN)

Registration No. (e.g. CIN)

Status (Please tick any one) Private Limited Co. Public Ltd. Co. Body Corporate Partnership Trust Charities

NGO's FI FII HUF AOP Bank Govt. Body Non-Govt. Organization

Defense Establishment BOI Society LLP Others

B. ADDRESS DETAILS


Correspondence Address

Country Pin Code

Tel.: (O) Tel. (R)

Mobile Fax

Contact Details

E-mail

Specify the proof of address submittedfor correspondence address

Regd. Office : 11,ONGC BUILDING NO.3, OPP LILAVATI HOSPITAL, BANDRA RECLAMATION, BANDRA(W)MUMBAI-400 050Ph.: 022 26403454• Fax : 022- 26403530


Email : [email protected]

4

Name

PAN

ResidentialAddress

DIN

UID

Name

PAN

ResidentialAddress

DIN

UID


Registered Address

(If different from above oroverseas address, mandatoryfor Non-Resident Applicant)

Country Pin Code

Specify the proof of addresssubmitted for Registered address

C. OTHER DETAILS

Gross Annual Income Income Range per annum : Below Rs. 1 Lac Rs. 1 Lac to 5 LacDetails(please specify)

Rs. 5 Lac to 10 Lac Rs. 10 Lac to 25 Lac Rs. 25 Lac to 1 Crore >1 Crore

Net-worth as on (date)......................................................... ( )(Net worth should not be older than 1 year)

Name, PAN, Residential Address and photographs of Promoters/Partners/Karta/Trustees and whole time directors :

PHOTOGRAPH

Sign across thePhotograph

PHOTOGRAPH


Please tick, if applicable, for any of your authorized signatories/Promoters/Partners/Karta/Trustees/whole time directors :

Politically Exposed Person (PEP)

Related to Politically Exposed Person (PEP)


DECLARATION

I/We hereby declare that the details furnished above are true and correct to the best of my/our knowledge and belief and I/Weundertake to inform you of any changes therein, immediately. In case any of the above information is found to be false or untrue ormisleading or misrepresenting, I/We am/are aware that I/we may be held liable for it.

2Signature of the Authorised SignatoryName of Authorised Signatory

Date

FOR OFFICE USE ONLY

(Originals verified) True Copies of documents received (Self-Attested) Self Certified Document copies received

Signature of the Authorized Signatory

Date :............................... Seal/Stamp of the Intermediary

5

TRADING ACCOUNT RELATED DETAILS (For Individuals & Non-Individuals)

A. BANK ACCOUNT(S) DETAILS (Through which transactions shall generally be routed)

Bank Name Branch Address Account Number Account Type MICR Number IFSC Code

SavingCurrentOthers -

in case of NRI /NRE / NRO

SavingCurrentOthers -

in case of NRI /NRE / NRO

B. DEPOSITORY ACCOUNT(S) DETAILS (Through which transactions shall generally be routed)

Depository ParticipantName

Name of Depository Beneficiary Name DP ID Beneficiary ID (BO ID)

NSDL CDSL

NSDL CDSL

C. TRADING PREFERENCES

Please sign in the relevant boxes where you wish to trade. The segment not chosen should be struck off by the client.

Stock Exchange Market Segment/s

NSE Cash F & OCurrencyDerivative

BSE Cash F & O

MCX-SXCurrencyDerivative

USECurrencyDerivative

# If, in future, the client wants to trade on any new segment/new exchange, separate authorization/letter should be taken from theclient by the stock broker.

D. PAST ACTIONS

Details of any action/proceedings initiated/pending/ taken by SEBI/ Stock exchange/any other authority against theapplicant/constituent or its Partners/promoters/whole time directors/authorized persons in charge of dealing in securitiesduring the last 3 years :

6

E. DEALINGS THROUGH SUB-BROKES AND OTHER STOCK BROKERS

If client is dealing through the sub-broker, provide the following details:

Sub-broker's Name

SEBI Registration number

Registered office address

Ph. Fax Website

Whether dealing with any other stock broker/sub-broker (if case dealing with multiple stock brokers/sub-brokers, provide details of all)

Name of stock broker

Name of Sub-Broker, if any

Client Code Exchange

Details of disputes/dues pending from/tosuch stock broker/sub- broker

F. ADDITIONAL DETAILS

Whether you wish to receive physical contract note orElectronic Contract Note (ECN) (please specify) Physical Contact Notes Electronic Contract Note

Specify your Email id, if applicable

Whether you wish to avail of the facility of internet trading/wireless technology (please specify)

Number of years of Investment/Trading Experience

In case of non-individuals, name, designation, PAN, UID, signature, residential address and photographs of persons authorized todeal in securities on behalf of company/firm/others:

PHOTOGRAPH


PHOTOGRAPH


Name Name

Designation Designation

PAN PAN

UID UID

ResidentialAddress

ResidentialAddress

Signature Signature


7

Name

Signature

Address

G. INTRODUCER DETAILS (optional)

Name of the introducer

Status of the Introducer Sub Broker Remisier Auth. Person Existing Client Others

Address and Phone No.of the Introducer

Sign. of the Introducer

H. NOMINATION DETAILS (for individuals only)

I/We wish to nominate I/We do not wish to nominate

Name of the Nominee

Relationship with the Nominee

PAN of Nominee Date of Birth of Nominee

Address and Ph. No.of the Nominee

If Nominee is a minor, details of guardian :

Name of the Guardian

Address and Ph. No.of Guardian

Sign. of Guardian

WITNESSES (Only applicable in case the account holder has made nomination)

Name

Signature

Address

DECLARATION

1. I/We hereby declare that the details furnished above are true and correct to the best of my/our knowledge and belief and I/weundertake to inform you of any changes therein, immediately. In case any of the above information is found to be false or untrueor misleading or misrepresenting, I am/we are aware that I/we may be held liable for it.

2. I/We confirm having read/been explained and understood the contents of the document on policy and procedures of the stockbroker and the tariff sheet.

3. I/We further confirm having read and understood the contents of the ‘Rights and Obligations’ document(s) and ‘Risk DisclosureDocument’. I/We do hereby agree to be bound by such provisions as outlined in these documents. I/We have also been informedthat the standard set of documents has been displayed for Information on stock broker’s designated website, if any.

3Signature of Client / All Authorized Signatory (ies)

Place

Date

8

FOR OFFICE USE ONLY

UCC Code allotted to the Client :_

Document verifiedwith Originals

Client InterviewedBy

In-Person VerificationDone by

Name of the Employee

Employee Code

Designation of the Employee

Date

Signature

I / We undertake that we have made the client aware of 'Policy and Procedures', tariff sheet and all the non-mandatory documents. I/Wehave also made the client aware of 'Rights and Obligations' document (s), RDD and Guidance Note. I/We have given/sent him a copy ofall the KYC documents. I/We undertake that any change in the 'Policy and Procedures', tariff sheet and all the non-mandatorydocuments would be duly intimated to the clients. I/We also undertake that any change in the 'Rights and Obligations' and RDD wouldbe made available on my/our website, if any, for the information of the clients.

Signature of the Authorised Signatory

Date Seal / Stamp of the Stock Broker

For Abans Securities Ltd.

9

ANNEXURE - 4RIGHTS AND OBLIGATIONS OF STOCK BROKERS, SUB-BROKERS AND CLIENTS

as prescribed by SEBI and Stock Exchanges1. The client shall invest/trade in those securities/

contracts/other instruments admitted to dealings on theExchanges as defined in the Rules, Byelaws andRegulations of Exchanges/ Securities and Exchange Boardof India (SEBI) and circulars/notices issued there under fromtime to time.

2. The stock broker, sub-broker and the client shall be boundby all the Rules, Byelaws and Regulations of the Exchangeand circulars/ notices issued there under and Rules andRegulations of SEBI and relevant notifications ofGovernment authorities as may be in force from time to time.

3. The client shall satisfy itself of the capacity of the stockbroker to deal in securities and/or deal in derivativescontracts and wishes to execute its orders through the stockbroker and the client shall from time to time continue tosatisfy itself of such capability of the stock broker beforeexecuting orders through the stock broker.

4. The stock broker shall continuously satisfy itself about thegenuineness and financial soundness of the client andinvestment objectives relevant to the services to beprovided.

5. The stock broker shall take steps to make the client aware ofthe precise nature of the Stock broker's liability for businessto be conducted, including any limitations, the liability andthe capacity in which the stock broker acts.

6. The sub-broker shall provide necessary assistance and co-operate with the stock broker in all its dealings with theclient(s).

CLIENT INFORMATION7. The client shall furnish all such details in full as are required

by the stock broker in "Account Opening Form" withsupport ing detai ls, made mandatory by stockexchanges/SEBI from time to time.

8. The client shall familiarize himself with all the mandatoryprovisions in the Account Opening documents. Anyadditional clauses or documents specified by the stockbroker shall be non-mandatory, as per terms & conditionsaccepted by the client.

9. The client shall immediately notify the stock broker in writingif there is any change in the information in the 'accountopening form' as provided at the time of account openingand thereafter; including the information on winding uppetition/insolvency petition or any litigation which may havematerial bearing on his capacity. The client shallprovide/update the financial information to the stock brokeron a periodic basis.

10. The stock broker and sub-broker shall maintain all thedetails of the client as mentioned in the account openingform or any other information pertaining to the client,confidentially and that they shall not disclose the same toany person/authority except as required under anylaw/regulatory requirements. Provided however that thestock broker may so disclose information about his client toany person or authority with the express permission of theclient.

MARGINS

11. The client shall pay applicable initial margins, withholdingmargins, special margins or such other margins as areconsidered necessary by the stock broker or the Exchangeor as may be directed by SEBI from time to time asapplicable to the segment(s) in which the client trades. Thestock broker is permitted in its sole and absolute discretionto collect additional margins (even though not required bythe Exchange, Clearing House/Clearing Corporation orSEBI) and the client shall be obliged to pay such marginswithin the stipulated time.

12. The client understands that payment of margins by the clientdoes not necessarily imply complete satisfaction of all dues.In spite of consistently having paid margins, the client may,on the settlement of its trade, be obliged to pay (or entitled toreceive) such further sums as the contract maydictate/require.

TRANSACTIONS AND SETTLEMENTS

13. The client shall give any order for buy or sell of asecurity/derivatives contract in writing or in such form ormanner, as may be mutually agreed between the client andthe stock broker. The stock broker shall ensure to placeorders and execute the trades of the client, only in theUnique Client Code assigned to that client.

14. The stock broker shall inform the client and keep himapprised about trading/settlement cycles, delivery/ paymentschedules, any changes therein from time to time, and itshall be the responsibility in turn of the client to comply withsuch schedules/procedures of the relevant stock exchangewhere the trade is executed.

15. The stock broker shall ensure that the money/securitiesdeposited by the client shall be kept in a separate account,distinct from his/its own account or account of any otherclient and shall not be used by the stock broker forhimself/itself or for any other client or for any purpose otherthan the purposes mentioned in Rules, Regulations,circulars, notices, guidelines of SEBI and/or Rules,Regulations, Bye-laws, circulars and notices of Exchange.

16. Where the Exchange(s) cancels trade(s) suo moto all suchtrades including the trade/s done on behalf of the client shallipso facto stand cancelled, stock broker shall be entitled tocancel the respective contract(s) with client(s).

17. The transactions executed on the Exchange are subject toRules, Byelaws and Regulations and circulars/noticesissued thereunder of the Exchanges where the trade isexecuted and all parties to such trade shall have submittedto the jurisdiction of such court as may be specified by theByelaws and Regulations of the Exchanges where the tradeis executed for the purpose of giving effect to the provisionsof the Rules, Byelaws and Regulations of the Exchangesand the circulars/notices issued thereunder.

10

BROKERAGE18. The Client shall pay to the stock broker brokerage and

statutory 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 shall not charge brokerage more than the maximumbrokerage permissible as per the rules, regulations and bye-laws of the relevant stock exchanges and/or rules andregulations of SEBI.

LIQUIDATION AND CLOSE OUT OF POSITION19. Without prejudice to the stock broker's other rights

(including the right to refer a matter to arbitration), the clientunderstands that the stock broker shall be entitled toliquidate/close out all or any of the client's positions for non-payment of margins or other amounts, outstanding debts,etc. and adjust the proceeds of such liquidation/close out, ifany, against the client's liabilities/obligations. Any and alllosses and financial charges on account of suchliquidation/closing-out shall be charged to and borne by theclient.

20. 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 nominees, successors,heirs and assignee shall be entitled to any surplus whichmay result there from. The client shall note that transfer offunds/securities in favor of a Nominee shall be validdischarge by the stock broker against the legal heir.

21. The stock broker shall bring to the notice of the relevantExchange the information about default in payment/deliveryand related aspects by a client. In case where defaultingclient is a corporate entity/ partnership/proprietary firm orany other artificial legal entity, then the name(s) ofDirector(s)/ Promoter(s)/ Partner(s)/ Proprietor as the casemay be, shall also be communicated by the stock broker tothe relevant Exchange(s).

DISPUTE RESOLUTION22. The stock broker shall provide the client with the relevant

contact details of the concerned Exchanges and SEBI.23. The stock broker shall co-operate in redressing grievances

of the client in respect of all transactions routed through itand in removing objections for bad delivery of shares,rectification of bad delivery, etc.

24. The client and the stock broker shall refer any claims and/ordisputes with respect to deposits, margin money, etc., toarbitration as per the Rules, Byelaws and Regulations of theExchanges where the trade is executed and circulars/notices issued thereunder as may be in force from time totime.

25. The stock broker shall ensure faster settlement of anyarbitration proceedings arising out of the transactionsentered into between him vis-à-vis the client and he shall beliable to implement the arbitration awards made in suchproceedings.

26. The client/stock-broker understands that the instructionsissued by an authorized representative for dispute

resolution, if any, of the client/stock-broker shall be bindingon the client/stock-broker in accordance with the letterauthorizing the said representative to deal on behalf of thesaid client/stock-broker.

TERMINATION OF RELATIONSHIP27. This relationship between the stock broker and the client

shall be terminated; if the stock broker for any reason ceasesto be a member of the stock exchange including cessation ofmembership by reason of the stock broker's default, death,resignation or expulsion or if the certificate is cancelled bythe Board.

28. The stock broker, sub-broker and the client shall be entitledto terminate the relationship between them without givingany reasons to the other party, after giving notice in writing ofnot less than one month to the other parties. Notwithstandingany such termination, all rights, liabilities and obligations ofthe parties arising out of or in respect of transactions enteredinto prior to the termination of this relationship shall continueto subsist and vest in/be binding on the respective parties orhis/its respective heirs, executors, administrators, legalrepresentatives or successors, as the case may be.

29. In the event of demise/insolvency of the sub-broker or thecancellation of his/its registration with the Boardor/withdrawal of recognition of the sub-broker by the stockexchange and/or termination of the agreement with the subbroker by the stock broker, for any reason whatsoever, theclient shall be informed of such termination and the clientshall be deemed to be the direct client of the stock broker andall clauses in the 'Rights and Obligations' document(s)governing the stock broker, sub-broker and client shallcontinue to be in force as it is, unless the client intimates tothe stock broker his/its intention to terminate theirrelationship by giving a notice in writing of not less than onemonth.

ADDITIONAL RIGHTS AND OBLIGATIONS30. The stock broker shall ensure due protection to the client

regarding client's rights to dividends, rights or bonus shares,etc. in respect of transactions routed through it and it shallnot do anything which is likely to harm the interest of theclient with whom and for whom they may have hadtransactions in securities.

31. The stock broker and client shall reconcile and settle theiraccounts from time to time as per the Rules, Regulations,Bye Laws, Circulars, Notices and Guidelines issued by SEBIand the relevant Exchanges where the trade is executed.

32. The stock broker shall issue a contract note to hisconstituents for trades executed in such format as may beprescribed by the Exchange from time to time containingrecords of all transactions including details of order number,trade number, trade time, trade price, trade quantity, detailsof the derivatives contract, client code, brokerage, allcharges levied etc. and with all other relevant details asrequired therein to be filled in and issued in such manner andwithin such time as prescribed by the Exchange. The stockbroker shall send contract notes to the investors within oneworking day of the execution of the trades in hard copyand/or in electronic form using digital signature.

33. The stock broker shall make pay out of funds or delivery ofsecurities, as the case may be, to the Client within oneworking day of receipt of the payout from the relevantExchange where the trade is executed unless otherwisespecified by the client and subject to such terms andconditions as may be prescribed by the relevant Exchangefrom time to time where the trade is executed.

34. The stock broker shall send a complete `Statement ofAccounts' for both funds and securities in respect of each ofits clients in such periodicity and format within such time, asmay be prescribed by the relevant Exchange, from time totime, where the trade is executed. The Statement shall alsostate that the client shall report errors, if any, in theStatement within such time as may be prescribed by therelevant Exchange from time to time where the trade wasexecuted, from the receipt thereof to the Stock broker.

35. The stock broker shall send daily margin statements to theclients. Daily Margin statement should include, inter-alia,details of collateral deposited, collateral utilized andcollateral status (available balance/due from client) withbreak up in terms of cash, Fixed Deposit Receipts (FDRs),Bank Guarantee and securities.

36. The Client shall ensure that it has the required legal capacityto, and is authorized to, enter into the relationship with stockbroker and is capable of performing his obligations andundertakings hereunder. All actions required to be taken toensure compliance of all the transactions, which the Clientmay enter into shall be completed by the Client prior to suchtransaction being entered into.

ELECTRONIC CONTRACT NOTES (ECN)37. In case, client opts to receive the contract note in electronic

form, he shall provide an appropriate e-mail id to the stockbroker. The client shall communicate to the stock broker anychange in the email-id through a physical letter. If the clienthas opted for internet trading, the request for change ofemail id may be made through the secured access by way ofclient specific user id and password.

38. The stock broker shall ensure that all ECNs sent through thee-mail shall be digitally signed, encrypted, non-tamper ableand in compliance with the provisions of the IT Act, 2000. Incase, ECN is sent through e-mail as an attachment, theattached file shall also be secured with the digital signature,encrypted and non-tamperable.

39. The client shall note that non-receipt of bounced mailnotification by the stock broker shall amount to delivery ofthe contract note at the e-mail ID of the client.

40. The stock broker shall retain ECN and acknowledgement ofthe e-mail in a soft and non-tamperable form in the mannerprescribed by the exchange in compliance with theprovisions of the IT Act, 2000 and as per the extantrules/regulations/ circulars/guidelines issued by SEBI/StockExchanges from time to time. The proof of delivery i.e., logreport generated by the system at the time of sending thecontract notes shall be maintained by the stock broker forthe specified period under the extant regulations ofSEBI/stock exchanges. The log report shall provide thedetails of the contract notes that are not delivered to theclient/e-mails rejected or bounced back.

The stock broker shall take all possible steps to ensurereceipt of notification of bounced mails by him at all timeswithin the stipulated time period under the extant regulationsof SEBI/stock exchanges.

41. The stock broker shall continue to send contract notes in thephysical mode to such clients who do not opt to receive thecontract notes in the electronic form. Wherever the ECNshave not been delivered to the client or has been rejected(bouncing of mails) by the e-mail ID of the client, the stockbroker shall send a physical contract note to the clientwithin the stipulated time under the extant regulations ofSEBI/stock exchanges and maintain the proof of delivery ofsuch physical contract notes.

42. In addition to the e-mail communication of the ECNs to theclient, the stock broker shall simultaneously publish the ECNon his designated web-site, if any, in a secured way andenable relevant access to the clients and for this purpose,shall allot a unique user name and password to the client,with an option to the client to save the contract noteelectronically and/or take a print out of the same.

LAW AND JURISDICTION43. In addition to the specific rights set out in this document, the

stock broker, sub-broker and the client shall be entitled toexercise any other rights which the stock broker or the clientmay have under the Rules, Bye-laws and Regulations of theExchanges in which the client chooses to trade andcirculars/notices issued thereunder or Rules andRegulations of SEBI.

44. The provisions of this document shall always be subject toGovernment notifications, any rules, regulations, guidelinesand circulars/notices issued by SEBI and Rules,Regulations and Bye laws of the relevant stock exchanges,where the trade is executed, that may be in force from timeto time.

45. The stock broker and the client shall abide by any awardpassed by the Arbitrator(s) under the Arbitration andConciliation Act, 1996. However, there is also a provision ofappeal within the stock exchanges, if either party is notsatisfied with the arbitration award.

46. Words and expressions which are used in this document butwhich are not defined herein shall, unless the contextotherwise requires, have the same meaning as assignedthereto in the Rules, Byelaws and Regulations andcirculars/notices issued thereunder of the Exchanges/SEBI.

47. All additional voluntary clauses/document added by thestock broker should not be in contravention withrules/regulations/ notices/ circulars of Exchanges/SEBI.Any changes in such voluntary clauses/document(s) needto be preceded by a notice of 15 days. Any changes in therights and obligations which are specified by Exchanges/SEBI shall also be brought to the notice of the clients.

48. If the rights and obligations of the parties hereto are alteredby virtue of change in Rules and regulations of SEBI or Bye-laws, Rules and Regulations of the relevant stockExchanges where the trade is executed, such changes shallbe deemed to have been incorporated herein in modificationof the rights and obligations of the parties mentioned in thisdocument.

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INTERNET & WIRELESS TECHNOLOGY BASED TRADING FACILITYPROVIDED BY STOCK BROKERS TO CLIENT

(All the clauses mentioned in the 'Rights and Obligations' document(s) shall be applicable.Additionally, the clauses mentioned herein shall also be applicable.)

1. Stock broker is eligible for providing Internet based trading(IBT) and securities trading through the use of wirelesstechnology that shall include the use of devices such asmobile phone, laptop with data card, etc. which use InternetProtocol (IP). The stock broker shall comply with allrequirements applicable to internet based trading/securitiestrading using wireless technology as may be specified bySEBI & the Exchanges from time to time.

2. The client is desirous of investing/trading in securities andfor this purpose, the client is desirous of using either theinternet based trading facility or the facility for securitiestrading through use of wireless technology. The Stockbroker shall provide the Stock broker's IBT Service to theClient, and the Client shall avail of the Stock broker's IBTService, on and subject to SEBI/Exchanges Provisions andthe terms and conditions specified on the Stock broker's IBTWeb Site provided that they are in line with the normsprescribed by Exchanges/SEBI.

3. The stock broker shall bring to the notice of client thefeatures, risks, responsibilities, obligations and liabilitiesassociated with securities trading through wirelesstechnology/internet /smart order routing or any othertechnology should be brought to the notice of the client bythe stock broker.

4. The stock broker shall make the client aware that the StockBroker's IBT system itself generates the initial passwordand its password policy as stipulated in line with normsprescribed by Exchanges/SEBI.

5. The Client shall be responsible for keeping the Usernameand Password confidential and secure and shall be solelyresponsible for all orders entered and transactions done byany person whosoever through the Stock broker's IBTSystem using the Client's Username and/or Passwordwhether or not such person was authorized to do so. Alsothe client is aware that authentication technologies andstrict security measures are required for the internet trading/securities trading through wireless technology throughorder routed system and undertakes to ensure that thepassword of the client and/or his authorized representativeare not revealed to any third party including employees anddealers of the stock broker

6. The Client shall immediately notify the Stock broker inwriting if he forgets his password, discovers security flaw inStock Broker's IBT System, discovers/suspectsdiscrepancies/ unauthorized access through his username/password/ account with full details of such unauthorizeduse, the date, the manner and the transactions effectedpursuant to such unauthorized use, etc.

7. The Client is fully aware of and understands the risksassociated with availing of a service for routing orders overthe internet/securities trading through wireless technologyand Client shall be fully liable and responsible for any and allacts done in the Client's Username/ password in anymanner whatsoever.

8. The stock broker shall send the order/trade confirmationthrough email to the client at his request. The client is awarethat the order/ trade confirmation is also provided on theweb portal. In case client is trading using wirelesstechnology, the stock broker shall send the order/tradeconfirmation on the device of the client.

9. The client is aware that trading over the internet involvesmany uncertain factors and complex hardware, software,systems, communication lines, peripherals, etc. aresusceptible to interruptions and dislocations. The Stockbroker and the Exchange do not make any representationor warranty that the Stock broker's IBT Service will beavailable to the Client at all times without any interruption.

10. The Client shall not have any claim against the Exchange orthe Stock broker on account of any suspension, interruption,non-availability or malfunctioning of the Stock broker's IBTSystem or Service or the Exchange's service or systems ornon-execution of his orders due to any link/system failure atthe Client/Stock brokers/ Exchange end for any reasonbeyond the control of the stock broker/Exchanges.

5Client Signature

ANNEXURE - 5RISK DISCLOSURE DOCUMENT FOR CAPITAL MARKET AND DERIVATIVES SEGMENTS

This document contains important information on trading inEquities/Derivatives Segments of the stock exchanges. Allprospective constituents should read this document before tradingin Equities/Derivatives Segments of the Exchanges.

Stock exchanges/SEBI does neither singly or jointly and expresslynor impliedly guarantee nor make any representation concerningthe completeness, the adequacy or accuracy of this disclosuredocument nor have Stock exchanges /SEBI endorsed or passedany merits of participating in the trading segments. This briefstatement does not disclose all the risks and other significantaspects of trading.

In the light of the risks involved, you should undertake transactionsonly if you understand the nature of the relationship into which youare entering and the extent of your exposure to risk.

You must know and appreciate that trading in Equity shares,derivatives contracts or other instruments traded on the StockExchange, which have varying element of risk, is generally not anappropriate avenue for someone of limited resources/limitedinvestment and/or trading experience and low risk tolerance. Youshould therefore carefully consider whether such trading is suitablefor you in the light of your financial condition. In case you trade onStock exchanges and suffer adverse consequences or loss, youshall be solely responsible for the same and Stock exchanges/itsClearing Corporation 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 risks involvedwas made or that you were not explained the full risk involved by theconcerned stock broker. The constituent shall be solelyresponsible 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 aderivative contract being traded on Stock exchanges.

It must be clearly understood by you that your dealings on Stockexchanges through a stock broker shall be subject to your fulfillingcertain formalities set out by the stock broker, which may inter aliainclude your filling the know your client form, reading the rights andobligations, do's and don'ts, etc., and are subject to the Rules,Byelaws and Regulations of relevant Stock exchanges, its ClearingCorporation, guidelines prescribed by SEBI and in force fromtime to time and Circulars as may be issued by Stock exchangesor its Clearing Corporation and in force from time to time.

Stock exchanges does not provide or purport to provide any adviceand shall not be liable to any person who enters into any businessrelationship with any stock broker of Stock exchanges and/or anythird party based on any information contained in this document.Any information contained in this document must not be construedas business advice. No consideration to trade should be madewithout thoroughly understanding and reviewing the risks involvedin such trading. If you are unsure, you must seek professionaladvice 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 asecurity/derivatives contract undergoes when tradingactivity continues on the Stock Exchanges. Generally,higher the volatility of a security/derivatives contract, greateris its price swings. There may be normally greater volatility inthinly traded securities / derivatives contracts than in activesecurities /derivatives contracts. As a result of volatility, yourorder may only be partially executed or not executed at all,or the price at which your order got executed may besubstantially different from the last traded price or changesubstantially thereafter, resulting in notional or real losses.

1.2 Risk of Lower Liquidity:

Liquidity refers to the ability of market participants to buyand/or sell securities / derivatives contracts expeditiously ata competitive price and with minimal price difference.Generally, it is assumed that more the numbers of ordersavailable in a market, greater is the liquidity. Liquidity isimportant because with greater liquidity, it is easier forinvestors to buy and/or sell securities / derivatives contractsswiftly and with minimal price difference, and as a result,investors are more likely to pay or receive a competitiveprice for securities / derivatives contracts purchased or sold.There may be a risk of lower liquidity in some securities /derivatives contracts as compared to active securities /derivatives contracts. As a result, your order may only bepartially executed, or may be executed with relativelygreater price difference or may not be executed at all.

1.2.1 Buying or selling securities / derivatives contracts aspart of a day trading strategy may also result intolosses, because in such a situation, securities /derivatives contracts may have to be sold /purchased at low / high prices, compared to theexpected price levels, so as not to have any openposition or obligation to deliver or receive a security /derivatives contract.

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 ofbuying a security / derivatives contract and immediatelyselling it or vice versa. Lower liquidity and higher volatilitymay result in wider than normal spreads for less liquid orilliquid securities / derivatives contracts. This in turn willhamper better price formation.

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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 amountsmay not be effective many a time because rapid movementin market conditions may make it impossible to executesuch 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 security / 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, there isa possibility that the order may not be executed at all.

1.4.3 A stop loss order is generally placed "away" from thecurrent price of a stock / derivatives contract, andsuch order gets activated if and when the security /derivatives contract reaches, or trades through, thestop price. Sell stop orders are entered ordinarilybelow the current price, and buy stop orders areentered ordinarily above the current price. When thesecurity / derivatives contract reaches the pre -determined price, or trades through such price, thestop loss order converts to a market/limit order and isexecuted at the limit or better. There is no assurancetherefore that the limit order will be executable sincea security / derivatives contract might penetrate thepre-determined price, in which case, the risk of suchorder not getting executed arises, just as with aregular limit order.

1.5 Risk of News Announcements:

News announcements that may impact the price of stock /derivatives contract may occur during trading, and whencombined with lower liquidity and higher volatility, maysuddenly cause an unexpected positive ornegative movement in the price of the security / contract.

1.6 Risk of Rumors:

Rumors about companies / currencies at times float in themarket through word of mouth, newspapers, websites ornews agencies, etc. The investors should be wary of andshould desist from acting on rumors.

1.7 System Risk:

High volume trading will frequently occur at the marketopening and before market close. Such high volumes mayalso occur at any point in the day. These may cause delaysin order execution 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 / derivativescontract due to any action on account of unusualtrading activity or security / derivatives contracthitting circuit filters or for any other reason.

1.8 System/Network Congestion:Trading on exchanges is in electronic mode, based onsatellite/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 control and mayresult in delay in processing or not processing buy or sellorders either in part or in full. You are cautioned to note thatalthough these problems may be temporary in nature, butwhen you have outstanding open positions or unexecutedorders, these represent a risk because of your obligations tosettle all executed transactions.

2. As far as Derivatives segments are concerned, pleasenote and get yourself acquainted with the followingadditional 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'. Derivatives trading,which is conducted with a relatively small amount of margin,provides the possibility of great profit or loss in comparisonwith the margin amount. But transactions in derivativescarry 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 margin amountin a relatively short period of time. Moreover, the loss mayexceed the original margin amount.A. Futures trading involve daily settlement of all

positions. Every day the open positions are marked tomarket based on the closing level of the index /derivatives contract. If the contract has moved againstyou, you will be required to deposit the amount of loss(notional) resulting from such movement. This amountwill have to be paid within a stipulated time frame,generally before commencement of trading on nextday.

B. If you fail to deposit the additional amount by thedeadline or if an outstanding debt occurs in youraccount, the stock broker may liquidate a part of orthe 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,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 details ofderivatives contracts you plan to trade i.e. thecontract specifications and the associatedobligations.

2.2 Currency specific risks:1. The profit or loss in transactions in foreign currency-

denominated contracts, whether they are traded in your ownor another jurisdiction, will be affected by fluctuations incurrency rates where there is a need to convert from thecurrency denomination of the contract to another currency.

2. Under certain market conditions, you may find it difficult orimpossible to liquidate a position. This can occur, forexample when a currency is deregulated or fixed tradingbands are widened.

3. Currency prices are highly volatile. Price movements forcurrencies are influenced by, among other things: changingsupply-demand relationships; trade, fiscal, monetary,exchange control programs and policies of governments;foreign political and economic events and policies; changesin national and international interest rates and inflation;currency devaluation; and sentiment of the market place.None of these factors can be controlled by any individualadvisor and no assurance can be given that an advisor'sadvice will result in profitable trades for a participatingcustomer or that a customer will not incur losses from suchevents.

2.3 Risk of Option holders:1. An option holder runs the risk of losing the entire amount

paid for the option in a relatively short period of time. Thisrisk reflects the nature of an option as a wasting asset whichbecomes worthless when it expires. An option holder whoneither sells his option in the secondary market norexercises it prior to its expiration will necessarily lose hisentire investment in the option. If the price of the underlying

does not change in the anticipated direction before theoption expires, to an extent sufficient to cover the cost of theoption, the investor may lose all or a significant part of hisinvestment in the option.

2. The Exchanges may impose exercise restrictions and haveabsolute authority to restrict the exercise of options atcertain times in specified circumstances.

2.4 Risks of Option Writers:1. If the price movement of the underlying is not in the

anticipated direction, the option writer runs the risks of losingsubstantial 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 acquiringother types of hedging positions in the options markets orother markets. However, even where the writer hasassumed a spread or other hedging position, the risks maystill be significant. A spread position is not necessarily lessrisky 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. Combinationtransactions, such as option spreads, are more complexthan buying or writing a single option. And it should befurther noted that, as in any area of investing, a complexitynot well understood is, in itself, a risk factor. While this is notto suggest that combination strategies should not beconsidered, it is advisable, as is the case with allinvestments in options, to consult with someone who isexperienced and knowledgeable with respect to the risksand potential rewards of combination transactions undervarious market circumstances.

3. TRADING THROUGH WIRELESS TECHNOLOGY /SM A R T O R D E R R O U T I N G O R A N Y O T H E RTECHNOLOGY:Any additional provisions defining the features, risks,responsibilities, obligations and liabilities associated withsecurities trading through wireless technology/ smart orderrouting or any other technology should be brought to thenotice of the client by the stock broker.

4. GENERAL4.1 The term 'constituent' shall mean and include a client,

a customer or an investor, who deals with a stockbroker for the purpose of acquiring and/or selling ofsecurities / derivatives contracts through themechanism provided by the Exchanges.

4.2 The term 'stock broker' shall mean and include astock broker, a broker or a stock broker, who has beenadmitted as such by the Exchanges and who holds aregistration certificate from SEBI.

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ANNEXURE - 6GUIDANCE NOTE - DO'S AND DON'Ts FOR TRADING ON THE EXCHANGE(S) FOR INVESTORS

BEFORE YOU BEGIN TO TRADE

2. Ensure that you fill the KYC form completely and strike off theblank fields in the KYC form.

3. Ensure that you have read all the mandatory documents viz.Rights and Obligations, Risk Disclosure Document, Policy andProcedure document of the stock broker.

4. Ensure to read, understand and then sign the voluntaryclauses, if any, agreed between you and the stock broker. Notethat the clauses as agreed between you and the stock brokercannot be changed without your consent.

5. Get a clear idea about all brokerage, commissions, fees andother charges levied by the broker on you for trading and therelevant provisions/ guidelines specified by SEBI/Stockexchanges.

6. Obtain a copy of all the documents executed by you from thestock broker free of charge.

7. In case you wish to execute Power of Attorney (POA) in favourof the Stock broker, authorizing it to operate your bank anddemat account, please refer to the guidelines issued bySEBI/Exchanges in this regard.

TRANSACTIONS AND SETTLEMENTS

8. The stock broker may issue electronic contract notes (ECN) ifspecifically authorized by you in writing. You should provideyour email id to the stock broker for the same. Don’t opt forECN if you are not familiar with computers.

9. Don’t share your internet trading account’s password withanyone.

10. Don’t make any payment in cash to the stock broker.

11. Make the payments by account payee cheque in favour of thestock broker. Don’t issue cheques in the name of sub-broker.Ensure that you have a documentary proof of yourpayment/deposit of securities with the stock broker, statingdate, scrip, quantity, towards which bank/ demat account suchmoney or securities deposited and from which bank/ demataccount.

12. Note that facility of Trade Verification is available on stockexchanges’ websites, where details of trade as mentionedin the contract note may be verified. Where trade details onthe website do not tally with the details mentioned in thecontract note, immediately get in touch with the InvestorsGrievance Cell of the relevant Stock exchange.

13. In case you have given specific authorization formaintaining running account, payout of funds or delivery ofsecurities (as the case may be), may not be made to youwithin one working day from the receipt of payout from theExchange. Thus, the stock broker shall maintain runningaccount for you subject to the following conditions:

a) Such authorization from you shall be dated, signedby you only and contains the clause that you mayrevoke the same at any time.

b) The actual settlement of funds and securities shall bedone by the stock broker, at least once in a calendarquarter or month, depending on your preference.While settling the account, the stock broker shallsend to you a ‘statement of accounts’ containing anextract from the client ledger for funds and an extractfrom the register of securities displaying all thereceipts/ deliveries of funds and securities. Thestatement shall also explain the retention of fundsand securities and the details of the pledged shares,if any.

c) On the date of settlement, the stock broker mayretain the requisite securities/funds towardsoutstanding obligations and may also retain thefunds expected to be required to meet derivativesmargin obligations for next 5 trading days, calculatedin the manner specified by the exchanges. In respectof cash market transactions, the stock broker mayretain entire pay-in obligation of funds and securitiesdue from clients as on date of settlement and for nextday’s business, he may retain funds/ securities/margin to the extent of value of transactionsexecuted on the day of such settlement in the cashmarket.

d) You need to bring any dispute arising from thestatement of account or settlement so made to thenotice of the stock broker in writing preferably within7 (seven) working days from the date of receipt offunds/securities or statement, as the case may be. Incase of dispute, refer the matter in writing to theInvestors Grievance Cell of the relevant Stockexchanges without delay.

1. Ensure that you deal with and through only SEBI registered intermediaries. You may check their SEBI registration certificatenumber from the list available on theStock exchanges websites(www.nseindia.com,www.bseindia.com, www.mcx-sx.com,www.useindia.com)and SEBI website www.sebi.gov.in.

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14. In case you have not opted for maintaining running accountand pay-out of funds/securities is not received on the nextworking day of the receipt of payout from the exchanges,please refer the matter to the stock broker. In case there isdispute, ensure that you lodge a complaint in writingimmediately with the Investors Grievance Cell of therelevant Stock exchange.

15. Please register your mobile number and email id with thestock broker, to receive trade confirmation alerts/ details ofthe transactions through SMS or email, by the end of thetrading day, from the stock exchanges.

IN CASE OF TERMINATION OF TRADING MEMBERSHIP

16. In case, a stock broker surrenders his membership, isexpelled from membership or declared a defaulter; Stockexchanges gives a public notice inviting claims relating toonly the "transactions executed on the trading system" ofStock exchange, from the investors. Ensure that you lodge aclaim with the relevant Stock exchanges within thestipulated period and with the supporting documents.

17. Familiarize yourself with the protection accorded to themoney and/or securities you may deposit with your stockbroker, particularly in the event of a default or the stock

broker’s insolvency or bankruptcy and the extent to whichyou may recover such money and/or securities may begoverned by the Bye-laws and Regulations of the relevantStock exchange where the trade was executed and thescheme of the Investors’ Protection Fund in force from timeto time.

DISPUTES/ COMPLAINTS

18. Please note that the details of the arbitration proceedings,penal action against the brokers and investor complaintsagainst the stock brokers are displayed on the website of therelevant Stock exchange.

19. In case your issue/problem/grievance is not being sorted outby concerned stock broker/sub-broker then you may take upthe matter with the concerned Stock exchange. If you arenot satisfied with the resolution of your complaint then youcan escalate the matter to SEBI.

20. Note that all the stock broker/sub-brokers have beenmandated by SEBI to designate an e-mail ID of thegrievance redressal division/ compliance officer exclusivelyfor the purpose of registering complaints.

7Client Signature

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POLICIES AND PROCEDURES AS PER SEBI CIRCULAR NO. MIRSD/ SE /CIR-19/2009 DATED 3 DEC, 2009

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 variousreasons including market liquidity, value of security(ies), theorder being for securities which are not in the permitted list ofthe stock broker/exchange(s) /SEBI. Provided further thatstock broker may require compulsory settlement/advancepayment of expected settlement value/ delivery of securitiesfor settlement prior to acceptance/placement of order(s) aswell. The client agrees that the losses, if any on account ofsuch refusal or due to delay caused by such limits, shall beborne exclusively by the client alone. The stock broker mayrequire reconfirmation of orders, which are larger than thatspecified by the stock broker's risk management, and is alsoaware that the stock broker has the discretion to reject theexecution of such orders based on its risk perception.

2. Setting up client's exposure limits and conditions underwhich a client may not be allowed to take furtherposition or the broker may close the existing position ofa client.

The stock broker may from time to time impose and varylimits on 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 basisof the stock broker's risk perception and other factorsconsidered relevant by the stock broker including but notlimited to limits on account of exchange/ SEBIdirections/limits ( such as broker level/ market level limits insecurity specific/volume specific exposures etc.) , and thestock broker may be unable to inform the client of suchvariation, reduction or imposition in advance. The clientagrees that the stock broker shall not be responsible for suchvariation, reduction or imposition or the client's inability toroute any order through the stock broker's trading system onaccount of any such variation, reduction or imposition oflimits. The client further agrees that the stock broker may atany time, at its sole discretion and without prior notice,prohibit or restrict the client's ability to place orders or tradein securities through the stock broker, or it may subject anyorder placed by the client to a review before its entry into thetrading systems and may refuse to execute/allow executionof orders due to but not limited to the reason of lack ofmargin/securities or the order being outside the limits set bystock broker/exchange/ SEBI and any other reasons whichthe stock broker may deem appropriate in thecircumstances. The client agrees that the losses, if any onaccount of such refusal or due to delay caused by suchreview, shall be borne exclusively by the client alone.

The stock broker is required only to communicate/ advisethe parameters 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(telephone includes such devices as mobile phones etc.)including SMS on the mobile phone or any other similardevice; by messaging on the computer screen of the client'scomputer; by informing the client through employees/agents of the stock broker; by publishing/ displaying it on thewebsite of the stock broker/making it available as adownload from the website of the stock broker; by displayingit on the notice board of the branch/office through which theclient trades or if the circumstances, so require, by radiob r o a d c a s t / t e l e v i s i o n b r o a d c a s t / n e w s p a p e r sadvertisements etc; or any other suitable or applicablemode or manner. The client agrees that the postaldepartment/the courier company /newspaper company andthe e-mail/voice mail service provider and such otherservice providers shall be the agent of the client and thedelivery shall be complete when communication is given tothe postal department/the courier company/the e-mail/voicemail service provider, etc. by the stock broker and the clientagrees never to challenge the same on any groundsincluding delayed receipt/non receipt or any other reasonswhatsoever and once parameters for margin/securityrequirements are so communicated, the client shall monitorhis/her/its position (dealings/trades and valuation ofsecurity) on his/her/its own and provide the required/deficitmargin/security forthwith as required from time to timewhether or not any margin call or such other separatecommunication to that effect is sent by the stock broker tothe client and /or whether or not such communication isreceived by the client.

The client is not entitled to trade without adequatemargin/security and that it shall be his/her/its responsibilityto ascertain beforehand the margin /security requirementsfor his/ her /its orders/trades/ deals and to ensure that therequired margin/security is made available to the stockbroker in such form and manner as may be required by thestock broker. If the client's order is executed despite ashortfall in the available margin, the client, shall, whether ornot the stock broker intimates such shortfall in the margin tothe client, make up the shortfall suo moto immediately. Theclient further agrees that he /she/it shall be responsible forall orders (including any orders that may be executedwithout the required margin in the client's account) &/or anyclaim /loss/ damage arising out of the non availability/shortage of margin /security required by the stock broker&/or exchange &/or SEBI.

19

The stock broker is entitled to vary the form (Le., thereplacement of the margin/security in one form with themargin/security in any other form, say, in the form of moneyinstead of shares) &/or quantum &/or percentage of themargin &/or security required to be deposited/madeavailable, from time to 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 wheneverapplicable and found necessary by the stock broker.

The client also agrees and authorises the stock broker totreat/adjust his/ her/its margin/security lying in oneexchange &/or one segment of the exchange/towards themargin/security/pay in requirements of another exchange&/or another segment of the exchange.

The stock broker is entitled to disable/freeze the account&/or trading facility/any other service. facility, if, in the opinionof the 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 stockbroker so 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 share maybe 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 thatbrokerage charged on options contracts shall notexceed 2.5% of the premium amount or 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 reasonto the stock broker will be charged with delayed paymentcharges at such rates as may be determined by the stockbroker. The client agrees that the stock broker may imposefines/penalties for any orders/trades/deals/actions of theclient which are contrary to this agreement/rules/regulations/bye laws of the exchange or any other law forthe time being in force, at such rates and in such form as itmay deem fit. Further where the stock broker has to pay anyfine or bear any punishment from any authority inconnection with/as a consequence of/in relation to any of theorders/trades/deals/actions of the client, the same shall beborne by the client. The client agrees to pay to the stockbroker brokerage, commission, fees, all taxes, duties, leviesimposed by any authority including but not limited to thestock exchanges (including any amount due on account ofreassessment/backlogs etc.), transaction expenses,incidental expenses such as postage, courier etc. as theyapply from time to time to the client's account/transactions/services that the client avails from the stockbroker.

5. The right to sell clients' securities or close clients'positions, without giving notice to the client, onaccount\ of non-payment of client's dues

The stock broker maintains centralized banking andsecurities handling processes and related banking anddepository accounts at designated place. The client shallensure timely availability of funds/securities in designatedform and manner at designated time and in designated bankand depository account(s) at designated place, for meetinghis/her/its pay in obligation of funds and securities. Thestock broker shall not be responsible for anyclaim/loss/damage arising out of non availability/shortavailability of funds/securities by the client in the designatedaccount(s) of the stock broker for meeting the pay inobligation 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 suchanticipated availability does not materialize in actualavailability of securities/funds for pay in for any reasonwhatsoever including but not limited to any delays/shortages at the exchange or stock broker level/non releaseof margin by the stock broker etc., the losses which mayoccur to the client as a consequence of such shortages inany manner such as on account of auctions/square

20

off/closing outs etc., shall be solely to the account of theclient and the client agrees not to hold the stock brokerresponsible for the same in any form or manner 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 therealization of the funds from the said bank instrument etc. atthe absolute discretion of the stock broker.Where the margin /security is made available by way ofsecurities or any other property, the stock broker isempowered to decline its acceptance as margin/security&/or to accept it at such reduced value as the stock brokermay deem fit by applying haircuts or by valuing it by markingit to market or by any other method as the stock broker maydeem fit in its absolute discretion.The stock broker has the right but not the obligation, tocancel all pending orders and to sell/close/liquidate all openpositions/ securities/shares at the pre-defined square offtime or when Mark to Market (M-T-M) percentage reaches orcrosses stipulated margin percentage mentioned on thewebsite, whichever is earlier. The stock broker will have solediscretion to decide referred stipulated margin percentagedepending upon the market condition. In the event of suchsquare off, the client agrees to bear all the losses based onactual executed prices. In case open position (Le.short/long) gets converted into delivery due to non square offbecause of any reason whatsoever, the client agrees toprovide securities/funds to fulfill the payin obligation failingwhich the client will have to face auctions or internal closeouts; in addition to this the client will have to pay penaltiesand charges levied by exchange in actual and losses, if any.Without prejudice to the foregoing, the client shall also besolely liable for all and any penalties and charges levied bythe 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 therequired margin/fund/security or to meet the funds/margins/securities pay in obligations for the orders/trades/deals ofthe client within the prescribed time and form, the stockbroker shall have the right without any further notice orcommunication to the client to take any one or more of thefollowing steps:i. To withhold any payout of funds/securities.ii. To withhold/disable the trading/dealing facility to the

client.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 ofsa l e & / o r p u r c has e i n a n y o n e o r m o r esecurities/contracts in such manner and at such ratewhich the stock broker may decide in its absolutediscretion.

v. To take any other steps which in the givencircumstances, the stock broker may deem fit.The client agrees that the loss(s) if any, on account ofanyone or more steps as enumerated herein abovebeing taken by the stock broker, shall be borneexclusively by the client alone and agrees not toquestion the reasonableness, requirements, timing,manner, form, pricing etc., which are chosen by thestock broker.

6. Shortages in obligations arising out of internal nettingof tradesStock 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 orentity liable to make the payment and the client has fulfilledhis/her/ its obligations first.The policy and procedure for settlement of shortages inobligations arising out of internal netting of trades is asunder:a. The securities delivered short are purchased from

market on T+3 day which is the Auction Day onExchange, and the purchase consideration (inclusive ofall statutory taxes & levies) is debited to the shortdelivering seller client.

b. If securities cannot be purchased from market due toany reason whatsoever on T+3 day they can be coveredfrom the market on any subsequent trading days. Incase any reason whatsoever (any error or omission) anydelay in covering of securities leads to higher losses,stock broker will not be liable for the same. Where thedelivery is matched partially or fully at the ExchangeClearing, the delivery and debits/credits shall be as perExchange Debits 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 theofficial closing price on the auction day or the highesttraded price from first trading day of the settlement tillthe auction day

7. Conditions under which a client may not be allowed totake further position or the broker may close theexisting position of a client.We have margin based RMS System. Client may takeexposure upto the amount of margin available with us.

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Client may not be allowed to take position in case of non-availability/ shortage of margin as per our RMS policy of thecompany. The existing position of the client is also liable tosquare off/ close out without giving notice due to shortage ofmargin/non making of payment for their pay-inobligation/outstanding debts.

8. De-registering a clientNotwithstanding 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/ improper

or such as to manipulate the price of any securities ordisturb the normal/ proper functioning of the market,either alone or in 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 been

appointed 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 anyaction for 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 isunable 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 inhis/her/its financial position or defaults in any otheragreement with the Stock broker;

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

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

notwithstanding any termination of the agreement, alltransactions made under/pursuant to this agreementshall be subject to all the terms and conditions of thisagreement and parties to this agreement submit toexclusive jurisdiction of courts of law at the place ofexecution of this agreement by Stock Broker.

9. Policy regarding treatment of inactive accounts:When Trade is not done in an account for more than 3months, Stock Broker reserves the right to temporarysuspend the operations. The Management may allowoperations in such account after making such verification asit deems fit.

Client Acceptance of Policies and Procedures statedhereinabove:I/We have fully understood the same and do hereby sign thesame and agree not to call into question the validity, enforceabilityand applicability 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/registeredpost/registered AD/facsimile/telegram/cable/e-mail/voicemails/telephone (telephone includes such devices as mobilephones etc.) including SMS on the mobile phone or any othersimilar device; by messaging on the computer screen of theclient's computer; by informing the client throughemployees/agents of the stock broker; by publishing/displaying iton the website of the stock broker/making it available as adownload from the website of the stock broker; by displaying it onthe notice board of the branch/office through which the clienttrades or if the circumstances, so require, by radio broadcast/television broadcast/newspapers advertisements etc; or anyother suitable or applicable mode or manner. I/we agree that thepostal department/the courier company /newspaper companyand the e-mail/ voice mail service provider and such other serviceproviders shall be my/our agent and the delivery shall becomplete when communication is given to the postaldepartment/the courier company/the e-mail/voice mail serviceprovider, etc. by the stock broker and I/we agree never tochallenge the same on any grounds including delayedreceipt/non receipt or any other reasons whatsoever. ThesePolicies and Procedures shall always be read along with theagreement and shall be compulsorily referred to while decidingany dispute/ difference or claim between me/ us and stock brokerbefore any court of law/judicial/adjudicating authority includingarbitrator/ mediator etc.

For and On Behalf of Constituent

8 Client Signature Name :

22

BROKERAGE & STATUTORY CHARGES

Capital Market SegmentTrading Account

1. Square off same day Each Side

One Side

2. Delivery

3. Trade to Trade

% Minimum Paisa

F&O SegmentTrading Account

1. Brokerage


One Side

Future % Min.

Option % Min.

4. Flat Brokerage

Intraday

Delivery

Per Trade(In Rs.)

Order Value in Multiples(In Rs.)

Flat Brokerage

F&O

Per Trade(In Rs.)

Order Value in Multiples

(In Rs.)

CURRENCY SEGMENT

Trading Account

1. Brokerage


One Side

Future % Min.

In case of physical contract note are being dispatched to client, a difference of Rs. 25/- in total brokerage booked on a particular datemay be charged towards minimum processing fee.

9Client Signature

To,

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

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

Sir,

This is to inform you that we do Client based trading and Pro-Account Trading in National Stock Exchange of India (NSE) / Bombay Stock

Exchange Ltd. (BSE) / MCX Stock Exchange Ltd. (MCX-SX) / United Stock Exchange of India Ltd. (USE).

Thanks and best regards

for Abans Securities Ltd..

Authorized Signatory / Director

I acknowledge the receipt of information given above by Abans Securities Ltd.. that they do Client base trading andPro-account trading.

10Client Signature

(Note: To be signed by person himself/herself not to be signed by his/her attorney/Authorized person etc.)

DISCLOSURE INFORMATION (ABANS SECURITIES LTD.)

DOCKET - BVOLUNTARY DOCUMENTS

23

LETTER OF AUTHORITYTo,

Dear Sir,Sub: Letter of Authority - CASH, F&O and Currency Derivative Segment of NSE / BSE / MCX-SX / USEI/we dealing with you as client at NSE/BSE/MCX-SX/USE in Cash, F&O and Currency Derivative Segment and in order to facilitate easeof operations, I/We authorise you as under :1. I/We authorise you to set off outstanding in any of my/our accounts against credits available or arising in any other accounts

maintained with you irrespective of the fact that such credits in the accounts may pertain to transactions in any segment of theExchange or in any other exchange and/or against the value of cash margin or collateral shares provided to you by me/us.

2. I/We hereby authorise you not to provide me/us Order Confirmation/ Modification / Cancellation Slips and Trade Confirmation Slips toavoid unnecessary paper work. I/We shall get the required details from contract notes issued by you.

3. I/We hereby authorise you to keep all the securities which I/We have given you in margin including the payout securities received byus for meeting margin / order obligation in any of the stock exchanges in whatever manner which may include pledging of shares infavour of bank and / or taking loan against the same or meeting margin/ pay - in obligation on my/our behalf or for giving the same asmargin to the any of the Stock Exchanges or otherwise.

4. I/We request you to retain credit balance in any of my/our account and to use the unused funds towards my/our margin/futureobligation at any or both the Exchanges unless I/We instruct you otherwise. I/w also authorize you to debit the necessary dematcharges from time to time, for keeping the shares in your client demat beneficiary account on my behalf. I/We also authorise you todebit the financial charges @2% p.m., for the debit balances, if any, in my account and not settled as per the exchange requirements.

5. I/We request you to retain Securities in your demat account for my/our margin/future obligations at all Exchanges, unless I/Weinstruct you to transfer the same to my/our account.

6. I/We request you to consider my/our telephonic instructions for order placing/order modification/order cancellation as a writteninstruction and give me/us all the confirmation on telephonic unless instructed otherwise in writing. I/We am/are getting requireddetails from contracts issued by you.

7. I/We request that you/exchange/other regulatory authority may send/dispatch us contract notes/e-mail alert/other documentsthrough e-mail on my/our designated e-mail address ofI/We will completely rely on the log reports of you dispatching software as a conclusive proof of dispatch of e-mail to me/us and will notdisputed on the same.

8. I/We will inform you the change of my/our email: ID, if any, in future either by regd. Post or through a digitally signed e-mail.9. I/We are aware and acknowledge that trading of all exchanges is in Electronic mode, based on Vsat, lease line, ISDN, Modem, VPN,

Internet and/or combination of technologies and computer system to place and route order and also involves many uncertain factorsand complex hardware, software, systems, communication lines, peripherals, pay in payout of funds & securities, online & offlinebanking etc.. these are susceptible to interruptions, delay, mistake and dislocations; and your services may at any time beunavailable without further notice and I/we understand that there exists a possibility of communication failure or system problems orslow or delay response from system or trading half, or any such other problem/glitch whereby not been able to establish access to thetrading system/network or delay in execution of trades, which may be beyond your control any may result in delay in processing or notprocessing of any orders either in part or in full. I understand that you are not making any representation or warranty that your servicewill be available to the Client at all times without any interruption. I/We agree that I/We shall not have any claim for any loss incurred byme/us against you on account of any suspension, delay, interruption, nonavailability or malfunctioning of your System or Service forany reason whatsoever;

10. I/We confirm that I/We never sublet the trading terminal on any term of connectivity from my place to any other place without you priorapproval.

15. I/We hereby agree and give my /our consent for sending the trade confirmations via SMS and I / We have also understood that we willnot receive the telephonic trade confirmations. For this purpose, I/We would like to confirm following details for the databasemaintained with you , Please update the record with the same.

MOBILE No.

Yours faithfully,

11Client Signature

Client Name :

Client Code :

Date :

Regd. Office 11,ONGC BUILDING NO.3, OPP LILAVATI HOSPITAL, BANDRA RECLAMATION, BANDRA(W) MUMBAI-400 050

depository services from my trading account on monthly basis. I also agree to maintain the adequate balance in my trading account/ pay adequate advance fee for the said reason.


11. I/We am/are agreeable for inter-settlement transfer of securities towards settlement.12. I/we am/are agreeable for & authorise you to with hold funds pay-out towards all the applicable margins and debits.13. All fines/penalties and charges levied upon you due to my acts / deeds or transaction may be recovered by you from my account.14. I have a Trading As well as depository relationship with ABAN SECURITIES LTD Please debit the charges relevant with

24

RUNNING ACCOUNT AUTHORISATION

To,

I/We are dealing through you as a client in Capital Market and/or Future & Option segment and/or Currency segment and/or InterestRate future Segment & in order to facilitate ease of operations and upfront requirement of margin for trade. I/We authorize you asunder:

1. I/We request you to maintain running balance in my account & retain the credit balance in any of my/our account and to use theunused funds towards my/our margin/pay-in/other future obligation(s) at any segment(s) of any or all the Exchange(s)/Clearingcorporation unless I/we instruct you otherwise.

2. I/We request you to retain securities with you for my/our margin/pay-in/other-future obligation(s) at any segment(s) of any or allthe Exchange(s)/Clearing Corporation unless I/We instruct you to transfer the same to my/our account.

3. I/We request you to settle my fund and securities account Once in every calendar Quarter or Once in a calendar Monthor such other higher period as allowed by SEBI/Stock Exchange time to time except the funds given towards collaterals/margin inform of Bank Guarantee and/or Fixed Deposit Receipt.

4. In case I/We have an outstanding obligation 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 inthe manner specified by the exchanges.

5. I/We confirm you that I will bring to your notice any dispute arising from the statement of account or settlement so made in writingwithin 7 working days from the date of receipt of funds/securities or statement of account or statement related to it, as the casemay be at your registered office. After that I/We shall have no right to dispute the transaction, funds and/or securities ever andagree that you shall not be liable for any incidental loss/damage caused due to retention of funds and/or securities.

The running account authorization provided by me shall continue and remain valid until it is revoked by me anytime in writing.

Thanking You,

Yours Faithfully

12

Signature with date

Name : ...................................................................................

Regd. Office : 11,ONGC BUILDING NO.3, OPP LILAVATI HOSPITAL, BANDRA RECLAMATION, BANDRA(W) MUMBAI-400 050


25

AUTHORISATION FOR ELECTRONIC CONTRACT NOTES

To,

I/We have been / shall be dealing through you as my / our broker on the Cash Segment and/ or Futures & Options Segments and / orCurrency Derivative Segment. This instruction is applicable for all the exchanges / segments in which I / we have opened account withyou. As my / our broker i.e. agent I / We direct and authorize you to carry out trading / dealings on my / our behalf as per instructionsgiven below.

I/ We understand that, I / 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 takefrom the 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 forany reason including but not limited to failure of email servers, loss of connectivity, email in transit etc. I/ we agree that the log reports ofyour dispatching 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/we am/are 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 specificuser id and password. Please treat this authorization as written ratification of my / our verbal directions / authorizations given andcarried out by you earlier. I/We shall be liable for all losses, damages and actions which may arise as a consequence of your adhering toand carrying out my / our directions given above.

Thanking you,Yours faithfully,

13

Signature with date

Name : ...................................................................................

[ Note : To be signed by person himself/herself not to be signed by his/her attorney/ Authorized person etc. ]



26

CLIENT DEFAULTER DECLARATION

I/We, having PAN No. dohereby declare that I/We have not been involved in any terrorist activity and I/We have not been declared as defaulter or my/our name isnot appearing in defaulter database as per SEBI/Various Exchanges / Regulatory bodies / CIBIL (Credit Information Bureau of IndiaLtd.) etc.

I/We further declare that the above mentioned declaration / statement is true and correct.

14Client Signature

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

Client Code : ................................................................................................................... Date : ................................................................

[Note: To be signed by person himself / herself not to be signed by his / her attorney / Authorized person etc.]

DECLARATION FOR NAME MISMATCH

I hereby declare that

1. My name mentioned in PAN Card is

2. In additional I D Proof i.e. Voter Id / Passport / Driving License it is

3. In Bank A/c No. it is

4. In is this

Further I declare that the names mentioned in above details document pertains to me, therefore I request my account and make all

payouts in the same name as mentioned in my bank proof.

Thanks,

Name of the Client :.................................................................................................................................... Date : .................................................

15Client Signature

DECLARATION FOR MOBILE NUMBER

I, having PAN No. do hereby declare that mymobile no. is . Further I authorize Abans/exchange/other regulatory authority that thesame may be used for giving me any information/alert/sms/call.

I further declare the above mentioned statement is true and correct.

16Client Signature

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

Client Code : ................................................................................................................... Date : ................................................................

[Note: To be signed by person himself / herself not to be signed by his / her attorney / Authorized person etc.]

27

D D M M Y Y Y Y

FORMAT OF BOARD RESOLUTION TO BE GIVEN BY CORPORATE CLIENT(TO BE PRINTED ON LETTER HEAD OF COMPANY)

CERTIFIED TRUE COPY OF EXTRACTS OF THE MINUTES OF THE MEETING OF THE BOARD

OF DIRECTORS OF_ (Co. Name) CONVENED ON

THE (date) / TIME AT_

(Venue)

"RESOLVED THAT an account for the purpose of trading in Securities be opened with M/s. Abans Securities Ltd., Member

- National Stock Exchange of India Ltd., Bombay Stock Exchange Ltd., MCX Stock Exchange Ltd, & United Stock Exchange of India Ltd.

hereinafter refered to as the Broker, for undertaking sale & purchase of Securities on the said exchange(s).

FURTHER RESOLVED THAT Shri and Shri ,

Directors of the Company, be and are hereby, authorised severally to do all such acts, deeds, things and sign all documents papers,

authorisations, agreements etc. as may be necessary for opening and operating the said account with Broker.

FURTHER RESOLVED THAT the aforementioned Directors, be and are hereby, authorised severally, to give instructions on behalf of

the Company. for conducting trading in securities for and on behalf of the Company.

FURTHER RESOLVED THAT, a copy of this resolution be forwarded to the Broker by Shri or

Shri Directors, & the Broker, be instructed to honour the instructions of Shri

and / or Shri , Directors of the

Company to carry on trading in Securities.

Certified true copy

For (Name of the Company)

Director

Dated :

Place :

FORMAT OF DECLARATION TO BE GIVEN BY PARTNERSHIP FIRM ON LETTER HEAD OF THE FIRM

To,

Dear Sir,

Date

We refer to the trading account being opened / opened with you in the name of and declareand authorise you as under.

We recognize that a beneficiary account cannot be opened with a depository participant in the name of a partnership firm asper applicable law. To facilitate the operation of the above trading account with you and for the purpose of completing the Securitiestransfer obligations pursuant to the trading operations, we authorise you to recognize the beneficiary accountNo. with depository opened as a joint account in thenames of the partnership of the firm.

We agree that the obligations for Securities purchased and/or sold by the firm will be handled and completed throughtransfer to/from the above mentioned account. We recognize and accept transfers made by you to the beneficiary accountas complete discharge of obligations by you in respect of trades executed in the above Securities trading account of thefirm.

Name of Partners (in block letters) Signature



We hereby authorize , partner in the firm to execute/sign and submit such documents,agreements, deeds etc. as may be necessary to enter into the agreement and engage in business with ABANS SECURITIESLTD., and to place order for buying and selling of Securities, sell, purchase, transfer, endorse, negotiate and do other things that maybe necessary to engage in business on behalf of the partnership and to sign the authority letter for adjustment of balances infamily accounts.

28

DECLARATION BY HUF

To

As our HUF firm wishes to open an account with you in the said name..............................................................................................

we beg to say that the first signatory to this letter, i.e., ...................................................................................................is the Kartaof the Joint Family and other signatories are the adult 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 signatorieshereto in the interest and for the benefit of the entire body of co-parceners of the joint family. We all undertake that claims due toyou from the said family shall be recoverable personally from all or any of us and also for the entire family properties of which thefirst signatory is 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 registeredunder the said Act.

We hereby undertake to inform you of the death or birth of a co-parcener of any change occurring at any time in the membershipof our joint family during the currency of the account.

This is to certify that following are the family members under (HUF)

S. No. NameGender

(Male/Female)Relationship

with Karta Date of Birth

1. D D M M Y Y Y Y

2. D D M M Y Y Y Y

3. D D M M Y Y Y Y

4. D D M M Y Y Y Y

5. D D M M Y Y Y Y

6. D D M M Y Y Y Y

7. D D M M Y Y Y Y

For (HUF) * Please stamp and sign.

17Client Signature (Karta)


ABANS SECURITIES LTD. Date: ................................

29

TRADING TECHINICAL AND DERIVATIVES RESEARCH (TTD)Caution: Trading in the derivatives segment or in the capital marketsegment using technical charts or short term indicators (tradingcalls) is a high risk and requires skill, experience and knowledge ofthe capital markets. Certain transactions including those involvingfutures, options and other derivatives as well as non-investmentgrade securities - involve substantial risk and are not suitable for allinvestors. STOP LOSS ORDERS help limit loss but even placingcontingent orders, such as "stop-loss" or "stop-limit" orders will notnecessarily limit your losses to the intended amounts, and it isimportant that only a small portion of your corpus is allocated tosuch trading. Leverage can lead to large losses as well as gains.You may sustain a total loss of the initial margin funds and anyadditional funds that you deposit with us to establish or maintain aposition, and you incur losses beyond your initial investment.TERMS AND CONDITIONS

To avail of TTD reports, clients are required to understand andconfirm/accept the following:1. Clients have read and understood in full the terms and

conditions contained in the member client agreement andrisk disclosure documents provided therein. Clients are alsoto read and understood the important disclosures anddisclaimers forming part of each report.

2. TTD reports are for the general information of clients ofASL They do not constitute a personal recommendation ortake into account the particular investment objectives,financial situations, or needs of the individual clients.

3. No information published in TTD Reports constitute asolicitation or offer, or any kind of recommendation, to buy orsell any investment instruments, to effect anytransactions, or to conclude any legal act of any kindwhatsoever and the risk of loss on the basis ofinformation published in TTD reports can besubstantial. Clients should, therefore, carefully considerwhether such trading is suitable for them in light of theircircumstances and financial resources.

4. The information published and opinions expressed areprovided by ASL for personal use and for informationalpurposes only and are subject to change without notice,ASL makes no representation (either express or implied)that the information and opinions expressed in TTD Reportswill be accurate, complete or up to date. Clients should obtaindevice from a qualified expert before making any tradingdecision. The stated price of any securities mentioned in TTDReports will be as of the date indicated and is not arepresentation that nay transaction can be effected at thisprice. Neither ASL nor other persons shall be liable for anydirect, indirect, special, incidental, consequential, punitive orexemplary damages, including lost profits arising in any wayfrom the information contained in ASL Reports.

5. ASL will exercise due diligence in checking the correctnessand authenticity of the information contained in TTD Reports,but ASL or any of its affiliates or directors or officers oremployees shall not be in any way responsible for any loss ordamage that may arise to any person from any inadvertenterror in the information contained in TTD Reports or anyaction taken on basis of TTD Reports. Price and value of thesecurities forming part of TTD Reports may go up or down.

Past performance is not a guide for future performance.6. ASL may use brand names for all or any of TTD reports

Such names would representthe brand and notthe natureorfeature of TTD reports.

7. TTD reports will include commentary on derivatives trading,technical analysis and limited review of stocks and may notbe based on comprehensive or fundamental of the stocks.

8. ASL has two independent equity research groups:Institutional Equities Research Group and Private ClientGroup. The Private Group is responsible for the preparationof TTD Reports. A designated team form the PrivateResearch Group also prepares reports based onfundamental evaluation of companies. The views andopinions expressed in TTD Reports mayor may not match ormay be contrary with the views, estimates, rating, targetprice, of reports of the Institutional Equities Research Groupand Private Client Group dealing in fundamental research.Further, there may be a contrary view within the TTD Reportswith regard to estimates, rating, target price as evaluationare based on different criteria.

9. The contents of the TTD Reports cannot be copied,reproduce, republished, uploaded, posted, transmitted ordistributed for any non-personal use without obtaining priorpermission from ASL

10. The proprietary trading and investment businesses of theASL may make investment decisions that are inconsistentwith the views expressed in the TTD reports.

11. ASL and its affiliates, officers, directors, and employeesworld wide may: (a) from time to time, have long or shortpositions in, and buy or sell the securities thereof, ofcompany(ies}mentioned in the TTD Reports or (b) beengaged in any other transaction involving such securitiesand earn brokerage or other compensation or act as aadvisor or lender/borrower to such company (ies) or haveother potential conflict of interest with respect to any viewand related information and opinions mentioned in TTDReports.

12. ASL reserves the option to provide all or any of the TTDreports and the right to suspend or vary the whole or any partof the same for any reason, at any time at its sole discretion.

13. Clients who enroll for SMS/e-mail/Fax delivery of briefextract of TTD reports are required to read the full reports.

14. ASL does not guarantee completeness, error, delay,interruption or timeliness or delivery in whole or in part of anyof the TTD reports or their extracts. The same is provided onan "as-is" and "as-available" basis.

15. Users should check with their service providers/operator forcharges, if any.

Client Code :

Date :............................... Place :.....................................

18 Client Signature

Client Name :

ABANS SECURITIES LTD. . (ASL ) will, at its discretion,provide its trading call, technical and derivatives reports as alsomarket news to its clients either in the form of a written marketcommentary or research report sent in e-mail, fax form, SMS orthrough postal or courier service. A brief extract of the TTD reportsmay also be sent, on enrolment, in SMS, e-mail or fax form.

CLIENT ACCEPTANCEI/We hereby acknowledge that, ABANS SECURITIES LTD.may at its discretion, at may/our request provide me/us withTTD Reports or its brief extract. I/We have made therequest after understanding and accepting its terms, conditionsand risks set forth above.

30

FUNDAMENTAL RESEARCH TERMS AND CONDITIONS

To avail of reports, clients are required to understand andconfirm/accept the following:1. Clients have read and understood in full the terms and

conditions contained in the member client agreement andrisk disclosure documents provided therein. Clients are alsoto read and understood the important disclosures anddisclaimers forming part of each report.

2. The reports are for the general information of clients ofASL They do not constitute a personal recommendationor take into account the particular investment objectives,financial situations, or needs of the individual clients.

3. No information published in Reports constitute a solicitationor offer, or any kind of recommendation, to buy or sell anyinvestment instruments, to effect any transactions, or toconclude any legal act of any kind whatsoever and the risk ofloss on the basis of information published in reports can besubstantial. Clients should, therefore, carefully considerwhether such trading is suitable for them in light of theircircumstances and financial resources.

4. The information published and opinions expressed areprovided by ASL for personal use and for informationalpurposes only and are subject to change without notice,ASL makes no representation (either express or implied)that the information and opinions expressed in Reports willbe accurate, complete or up to date. Clients should obtaindevice from a qualified expert before making any tradingdecision. The stated price of any securities mentioned inReports will be as of the date indicated and is not arepresentation that nay transaction can be effected at thisprice. Neither ASL nor other persons shall be liable for anydirect, indirect, special, incidental, consequential, punitiveor exemplary damages, including lost profits arising in anyway from the information contained in Reports.

S. ASL will exercise due diligence in checking thecorrectness and authenticity of the information contained inReports, but ASL or any of its affiliates or directors orofficers or employees shall not be in any way responsible forany loss or damage that may arise to any person from anyinadvertent error in the information contained in Reports orany action taken on basis of Reports. Price and value of thesecurities forming part of Reports may go up or down. Pastperformance is not a guide for future performance.

6. ASL may use brand names for all or any of reports. Suchnames would represent the brand and not the nature orfeature of reports.

7. ASL has two independent equity research groups:Institutional Equities Research Group and Private Client

Group. The Private Group is responsible for, the preparation

of Reports. A designated team form the Private ResearchGroup also prepares reports based on fundamentalevaluation of companies. The views and opinionsexpressed in TTD Reports mayor may not match or may becontrary with the views, estimates, rating, target price, ofreports of the Institutional Equities Research Group andPrivate Client Group dealing in fundamental research.Further, there may be a contrary view within the Reportswith regard to estimates, rating, target price as evaluationare based on different criteria.

8. The contents of the Reports cannot be copied, reproduce,republished, uploaded, posted, transmitted or distributedfor any non-personal use without obtaining prior permissionfrom ASL.

9. The proprietary trading and investment businesses of theASL may make investment decisions that are inconsistentwith the views expressed in the reports.

10. ASL and its affiliates, officers, directors, and employeesworld wide may: (a) from time to time, have long or shortpositions in, and buy or sell the securities thereof, ofcompany(ies) mentioned in the Reports or (b) be engagedin any other transaction involving such securities and earnbrokerage or other compensation or act as a advisor orlender/borrower to such company (ies) or have otherpotential conflict of interest with respect to any view andrelated information and opinions mentioned in Reports.

11. ASL reserves the option to provide all or any of the reportsand the right to suspend or vary the whole or any part of thesame for any reason, at any time at its sole discretion.

12. Clients who enroll for SMS/e-mail/Fax delivery of briefextract of reports are required to read the full reports.

13. ASLdoes not guarantee completeness, error, delay,interruption or timeliness or delivery in whole or in part ofany of the reports or their extracts. The same is provided onan "as-is" and "as-available" basis.

14. Users should check with their service providers/operator forcharges, if any.

CLIENT ACCEPTANCEI/We hereby acknowledge that, ASL may at its discretion, atmay/our request provide me/us with TTD Reports or its briefextract. I/We have made the request after understanding andaccepting its terms, conditions and risks set forth above.

19 ___________ Client Signature

Client Name :

Client Code :

Date : Place :

ABANS SECURITIES LTD. will, at its discretion, provide itscompany research reports/news, results and event updates /sector reports monthly commentary / regular compendium(together "Reports) to its clients either in the form of a writtenmarket commentary or research report sent in e-mail, fax form orSMS or through postal or courier service. A brief extract of thereports may also be sent, on enrolment, in SMS, e-mail or faxform.

31

ADDENDUM TO THE CLIENT REGISTRATION FORM / KEY INFORMATION

Date

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)dated July 1,2005 issued by Department of Revenue, Ministry of Finance, Govt. of India. Further SEBI vide Circular reference numberISD/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 and isnot 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-verifyidentity and 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 issuspicious in nature within the purview of the Act and SEBI circulars issued from time to time or on account of deficiencies in thedocumentation shall have absolute discretion to report suspicious transaction to FIU-IND or to reject the application or to freeze theaccount of constituent. 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.

20Client Signature

CHECK LIST FOR CLIENT REGISTRATION FORM

FORM RECEIVING DATE :

ACCOUNT OPENING DATE : TM

DP

BRANCH CODE : CLIENT CODE

GROUP CODE : TM :

DP :

1. CHECKING DETAILS YES REMARKS

a) Name as it appears on the ID & Address Proof (in capital letter)

b) Signature of Client on all pages and wherever necessary (Witness wherever required)

c) Signature Checked and Verified.

d) Photograph (duly signed)

e) A copy of PAN Card (Self Attested)

f) Address Proof (Self Attested)

g) Bank Proof containing Client Name (Self Attested)

h) Demat Account Proof (Self Attested)

j)Brokerage : Intra Day Min Delivery Min

F & O Intra Day EOD Option

k)Exchange given :

NSE (CM) NSE (F&O) NSE (Currency) BSE (CM) BSE (F&O) MCX-SX (Currency) USE (Currency)

2.Franchisee and Client to be informed if any of the above detail is missing or invalid

by Date Time

3. Details Punched in Computer by TM DP

4. Cross Checking done by TM DP

5.UCC UPLOADED :

Yes No ENTERED IN FORM DATA

6.BACK OFFICE WEB LOGIN

User Name ID Password

7.DP WEB LOGIN

User Name ID Password

8. Form sent to Surveillance by Date : Time :

9.Client ID Mapping done by

Branch ID User ID: Dealer ID :

10.INTERNET TRADING

Now

User ID Password Sent on

11. Form sent to DP by Date : Time :

12. Client Instruction Book issued by

13. Client Account Status Report issued by

14. Form Returned to Compliance by Date : Time :

15. Kit Dispatched on (Date)

i) Stamp Paper :NSE BSE MCX-SX USE

F O R O F F IC E US E O NLY

Name Employee Code Signature

Pre-punched by

Pre-verified by

Pre-rejected by

Punched by

Verified by

Rejected by

SEBI Registration Numbers :


www. abans.co.in


NSE (CM) :NSE (F&O) :NSE (CDS) :BSE (CM) :BSE (F&O) :MCX-SX (CDS) :USE (CDS) :

Ph.:022-26403454Fax:022-26403530Email : [email protected].

INB231349433 • Dated : 17-SEP-2009INF231349433 • Dated : 17-SEP-2009INE231332334 • Dated :19-FEB- 2009INB011349439 • Dated : 01-OCT-2009INF011349439 • Dated : 01-OCT-2009INE261332337 • Dated : 05-MAR-2009INE271349438 • Dated : 06-SEP- 2010

REGISTRATION KIT - Abans

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