MCX-SX NSE Currency_Non-Individual

8/7/2019 MCX-SX NSE Currency_Non-Individual

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Marketing Executive: Code Name:

Relationship Manager: Code Name:

Branch/FAN: Code Name:

Tele-marketing/Lead : Code Name:

CHOOSE TRADING INTERFACE(Tick any one)

Investor Terminal Trader Terminal 2005

ODIN Diet Branch ODIN

Audit By: Data Entry By:

Authorised By: Checked By:

Please note that the mode of payment should be only by way of cross Cheque or Demand Draft. Demand Draft will be issued in name INDIA INFOLINE LTD. - (Login ID of the client). No cash receipts/payments will be entertained for any transactions made by the client. IIL will nbe responsible for any kind of claims raised by the clients regarding payment made in cash.

This is to certify that I have carried out in person verification in respect of client(s) mentioned in the KYC form submitfor opening of demat account. (Only the employee of the company should do in-person verification & no otperson should sign the same)

Name of the Employee : Employee Code :

Branch/Authorised Service Centre : Signature of Employee :

Date : Place :

SIGNATURE OF CLIENTS 1 14

IN PERSON VERIFICATION DETAILS

ACCOUNT DETAILS

LOGIN ID CLIENT ID WIRE ID

Client Name

Trading Software ODIN ID

INITIAL MARGIN Cash: Securities:

Bank Name: Expected value:

Cheque No.: Details:

Amount Rs.:

This information is the sole property of the trading member / brokerage house and would not be disclosed to anyunless required by law or in case of express permission of clients.

To,

TRADING MEMBER'S CLEARING MEMBER'S

Name Name

Address Address

Telephone Telephone

SEBI Registration No.: INE231097537 SEBI Registration No.: INE231097537


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NAMES OF PROMOTERS/ PARTNERS/ KARTA AND RESIDENTIAL ADDRESS

Type of Entity: Body Corporate Partnership Bank FI FII OCB Trust Clearing Member

Mutual Fund Clearing House Other (please specify)

Sub Status

Name of the company / firm

Sole/First Holders Name (Mr./Ms.)

Father/Husbands Name (Mr.)

Constitution

Registered Office address

City

State Pin Code Country Tel.(O)

Fax/ Telex E-mail

Address for correspondence

CityState Pin Code Country Tel.(O)

Fax/ Telex Date of incorporation/ formation D D M M Y Y Y Y

Date of commencement of business D D M M Y Y Y Y Details of PAN

Nature of Business

Registration number (with ROC, SEBI or any government authority)

PERSONAL DETAILS OF THE CLIENT (Please fill details in BLOCK letters)

Name of Promoter/ Partner/ Karta

Residential address

City State

Pin Code Country Tel. Mobile


Residential address

City State



Residential address

City State



Residential address

City State


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NAMES OF WHOLE TIME DIRECTORS AND RESIDENTIAL ADDRESS

Name of whole time director

Residential address

City State



Residential address

City State



Residential address

City State

Pin Code Country Tel. MobileName of whole time director

Residential address

City State



Residential address

City State




Residential address

City State


Name of authorized person

Residential address

City State Pin Code Country

NAMES AND DESIGNATION OF PERSONS AUTHORIZED TO DEAL IN SECURITIES INCLUDINGDERIVATIVES ON BEHALF OF THE COMPANY/ FIRM/ OTHERS AND THEIR RESIDENTIAL ADDRE


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BANK ACCOUNT DETAILS

Bank Name (through which transactions will generally be routed)

Branch Address

City PIN Code Tel.

Bank A/c No. A/c Type : Savings Current Others

(Copy of a cancelled Cheque leaf/ Pass Book/ Bank Statement containing name of the constituent should be submitted.)

Investment/ Trading Experience: No Prior Experience Years in Stocks

Years in Derivatives Years in Other investment related fields

TRADING PREFERENCE:

A. Stock Exchanges on which you wish to trade (if the member is registered for such Exchanges):NSE MCX-SX

B. Market segments you wish to trade (if the member is registered for such segment):

Capital Market Segment F & O Segment

Debt Market Segment Currency Derivatives Segment

WHETHER REGISTERED WITH ANY OTHER BROKER-MEMBER: (if registered with multiple members, provide details of all)

Name of Broker

Name of Exchange Client Code (as given by the other broker)

First Middle Last

Tel. Mobile Designation


Residential address




Residential address




Residential address



Details of any action taken by SEBI/ Stock exchange/ any other authority against the constituent or its parners/ promoters/ whole time directors/ authorized persons in charge of dealing in securities for violation osecurities laws/ other economic offences:


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AUTHORISED SIGNATORY(with company seal)

Name

Place: Date: D D M M Y Y Y Y

214

DECLARATION

The Terms and Conditions pertaining to the India InfolineTrading Account & Beneficiary Account which are in force

now, have been read by me/us. I/ We understood the sameand I/ We agree to abide by and to be bound by the rules asare in force from time to time for such accounts. I/ We herebydeclare that the details furnished above are true and correctto the best of my/ our knowledge and belief and I undertaketo inform you of any changes there in immediately.

I/ We have read and understood Schedule of Charges andagrees that my/ our opening of the India Infoline Trading issubject to the payment of these charges. I/ We agree thatthe charges as stated herein may be modified/revised andI/ We agree to pay the charges including any modification/revision thereto from time to time.

I/ We hereby authorise India Infoline Ltd., to debit all therelated charges to my/ our India Infoline Trading Account.

I hereby declare that the details furnished above are trueand correct to the best of my knowledge and belief and Iundertake to inform you of any changes therein immediatelyIn case any of the above information is found to be false or

untrue or misleading or misrepresenting I am aware thamay be held liable for it.

I/ We have not withheld any information. I/ We confithat I/ We have had no insolvency initiated against me/nor have I/ We ever been adjudicated insolvent. I/ We haread the application form and brochures and am/ are awof all the terms and conditions of availing the said servifrom India Infoline Ltd. I/ We authorise India Infoline Ltany other Group Company or their agents to make referenand enquiries relating to the information in this applicatwhich may be considered necessary by them. I/ Wundertake to inform immediately India Infoline Ltd., aother Group Company and their agents regarding changin my/ our residence/employment and to provide any su

further information as they may require. I/ We agree thmy/ our execution of any order though shall be governby and be subject to the terms provided in this Agreemeand the Terms and Conditions as may directed on frotime to time. India Infoline Ltd. reserves the right to rejeany declaration without providing any reason forwhatsoever.

REFERENCES

INTRODUCTION: Introduced by another constituent director or employee of trading member any other

person (please specify)

Name of the Introducer

SIGNATURE PAN of introducer, if any

NAME AND DESIGNATION OF THE EMPLOYEE WHO INTERVIEWED THE CLIENT:

Name

Designation

SIGNATURE OF THE EMPLOYEE


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WHEREAS

he trading member is registered as the trading member of

he Exchange with SEBI registration numberINB231097537

n the Capital Market Segment; SEBI registration numberNF231097537in the F and O Segment and SEBI registration

umber INE 231097537 in the Currency Derivatives Segment.

Whereas the client is desirous of investing/trading in those

ecurities / contracts / other instruments admitted to dealings

on the Exchange as defined in the Rules, Byelaws and

Regulations of the Exchange and circulars issued there under

rom time to time.

Whereas the client has satisfied itself of the capacity of the

rading member to deal in securities and / or deal in equity /

urrency derivatives contracts and wishes to execute its orders

through the trading member and the client shall from time

time continue to satisfy itself of such capability of the tradin

member before executing orders through the trading memb

Whereas the trading member has satisfied and shacontinuously satisfy itself about the genuineness and financ

soundness of the client and investment / trading objectiv

relevant to the services to be provided; and

Whereas the trading member has taken steps and shall ta

steps to make the client aware of the precise nature of th

trading member's liability for business to be conducte

including any limitations, the liability and the capacity

which the trading member acts.

Whereas the trading member and the client agree to b

his Agreement is made and entered at CHENNAI

on this [ ] day of [ ] 20 between

M/S.INDIA INFOLINE LTD., a body corporate incorporated under the provisions of the Companies Act, 1956, beingmember of the National Stock Exchange of India Ltd. (hereinafter called "the Exchange"), and having its registered office a

NDIA INFOLINE LTD., IIFL House, Sun Infotech Park, Road No. 16V, Plot No. B-23, Thane Industrial Area, Wagle Estat

hane - 400 604 and Processing Office at India Infoline Towers, No.143, M.G.R. Road, 3rd Floor, Central Processing Un

CPU), Perungudi, Near Life Line Hospital, Chennai - 600 096 ( (hereinafter called "the trading member") which expressio

hall, unless repugnant to the context or meaning thereof, be deemed to mean and include himself in the capacity of

rading member while trading in the Currency Derivatives Segment, his/her heirs, executors, administrators and leg

epresentatives/the partners for the time being of the said firm, the survivor or survivors of them and their respective heir

xecutors, administrators and legal representatives/its successors, as the case may be, of the One Part;AND

Mr./Ms/M/s , an individual/a sole proprietary concern/a partnership firm

body corporate, registered/incorporated, under the provisions of the Indian Partnership Act, 1932/the Companies Ac956, having his/her/its residence/ registered office at

(hereinafter called "the client") which expression shall, unless repugnant

he context or meaning thereof, be deemed to mean and include his/her heirs, executors, administrators and leg

epresentatives/the partners for the time being of the said firm, the survivor or survivors of them and their respective hei

xecutors, administrators and legal representatives/its successors, as the case may be, of the Other Part;

AGREEMENT BETWEEN STOCK BROKER AND CLIENT - NSE

4

3

To be stamped with Rs.20/- Stamp Paper

Continued on page


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bound by all the Rules, Byelaws and Regulations of the

Exchange and circulars issued there under and Rules and

Regulations of SEBI and relevant notifications of Government

authorities as may be in force from time to time.

Now, therefore, in consideration of the mutual understanding

as set forth in this agreement, the parties thereto have agreed

to the following terms and conditions:

1. The client agrees to immediately notify the trading

member in writing if there is any change in the

information in the 'client registration form' provided by

the client to the trading member at the time of opening

of the account or at any time thereafter.

2. The trading member declares that it has brought the

contents of the risk disclosure document to the notice

of client and made him aware of the significance of the

said document. The client agrees that:

a.He has read and understood the risks involved in

trading on a stock exchange.b.He shall be wholly responsible for all his decisions and trades.

c. The failure of the client to understand the risks involved

shall not render a contract as void or voidable and the

client shall be and shall continue to be responsible for

all the risks and consequences for entering into trades

in the segment

d.He is liable to pay applicable initial margins,

withholding margins, special margins or such other

margins as are considered necessary by the trading

member or the Exchange or as may be directed bySEBI from time to time as applicable to the segment.

The trading member is permitted in its sole and

absolute discretion to collect additional margins (even

though not required by the Exchange, Clearing House

/ Clearing Corporation or SEBI) and the client shall be

obliged to pay such margins within the stipulated time.

e. Payment of margins by the client does not necessarily

imply complete satisfaction of all dues. In spite of

consistently having paid margins, the client may, on the

closing of its trade, be obliged to pay (or entitled to receive)

such further sums as the contract may dictate / require.3. The Client agrees to pay to the trading member brokerage

and statutory levies as are prevailing from time to time and

as they apply to the Client's account, transactions and to

the services that trading member renders to the Client.

4. The trading member agrees that it shall not charge

brokerage more than the maximum brokerage

permissible as per the rules, regulations and bye -laws of

the relevant stock exchange / SEBI.

5. The client agrees to abide by the exposure limits, if any,

set by the trading member or by the Exchange or Clearing

Corporation or SEBI from time to time.

6. Without prejudice to the trading member's other r

(including the right to refer a matter to arbitration),

trading member shall be entitled to liquidate / close

all or any of the client's positions for non-paymen

margins or other amounts, outstanding debts, etc.

adjust the proceeds of such liquidation / close out, if

against the client's liabilities / obligations. Any and all lo

and financial charges on account of such liquidat

closing-out shall be charged to and borne by the clie

7. The trading member agrees that the money / secu

deposited by the client shall be kept in a separate acco

distinct from his / its own account or account of

other client and shall not be used by the trading mem

for himself / itself or for any other client or for any pur

other than the purposes mentioned in SEBI Rules

Regulations circulars / guidelines / Exchange's Ru

Regulations / Byelaws and circulars.8. The client agrees to immediately furnish informatio

the trading member in writing , if any winding up pet

or insolvency petition has been filed or any winding

or insolvency order or decree or award is passed aga

him or if any litigation which may have material bea

on his capacity has been filed against him.

9. The trading member agrees to inform the client and

him apprised about trading / settlement cycles, deliv

payment schedules, any changes therein from time to t

and it shall be the responsibility in turn of the client to co

with such schedules / procedures of the stock exchang

10. In the event of death or insolvency of the client or

its otherwise becoming incapable of receiving and pa

for any contracts which the client has ordered to

bought or sold, or of delivering or transferring secur

the trading member may close out the transactio

the client and claim losses, if any, against the estat

the client. The client or his successors, heirs and ass

shall be entitled to any surplus which may result t

from.

11. The client and the trading member agree to referclaims and / or disputes to arbitration as per the Ru

Byelaws and Regulations of the Exchange and circ

issued there under as may be in force from time to t

12. The trading member hereby agrees that he shall en

faster settlement of any arbitration proceedings ar

out of the transactions entered into between him

the client and that he shall be liable to implement

arbitration awards made in such proceedings.

13. Information about default in payment / delivery

related aspects by a client shall be brought to the no


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of the relevant stock Exchange(s). In case where

defaulting client is a corporate entity / partnership /

proprietary firm or any other artificial legal entity, then

the name(s) of director(s) / promoter(s) / Partner(s) /

proprietor as the case may be, shall also be

communicated to the relevant stock exchange(s).

4. The trading member and the client agree to reconcile

their accounts at the end of each quarter with reference

to all the settlements where payouts have been declared

during the quarter.

5. The trading member and the client agree to abide by

any award passed by the Ombudsman under the SEBI

(Ombudsman) Regulations, 2003.

6. The trading member and the client declare and agree that

the transactions executed on the Exchange are subject to

Rules, Byelaws and Regulations and circulars issued there

under of the Exchange and all parties to such trade shall

have submitted to the jurisdiction of such court as maybe specified by the Byelaws and Regulations of the

Exchange for the purpose of giving effect to the provisions

of the Rules, Byelaws and Regulations of the Exchange

and the circulars issued there under.

7. The instructions issued by an authorized representative,

if any, of the client shall be binding on the client in

accordance with the letter authorizing the said

representative to deal on behalf of the said client.

8. Where the Exchange cancels trade(s) suo moto all such

trades including the trade/s done on behalf of the client

shall ipso facto stand cancelled.

9. This agreement shall forthwith terminate; if the trading

member for any reason ceases to be a member of the stock

exchange including cessation of membership by reason of

the trading member's default, death, resignation or

expulsion or if the certificate issued by the Board is cancelled.

0. The trading member and the client shall be entitled to

terminate this agreement without giving any reasons to

the other party, after giving notice in writing of not less

than one month to the other parties. Notwithstanding

any such termination,

all rights, liabilities and obligations of the parties arisin

out of or in respect of transactions entered into prior

the termination of this agreement shall continue

subsist and vest in / be binding on the respective parti

or his / its respective heirs, executors, administrators, leg

representatives or successors, as the case may be.

21. In addition to the specific rights set out in this Agreemen

the trading member and the client shall be entitled

exercise any other rights which the trading member

the client may have under the Rules, Bye-laws an

Regulations of the Exchange and circulars issued the

under or Rules and Regulations of SEBI.

22. Words and expressions which are used in this Agreemen

but which are not defined herein shall, unless the conte

otherwise requires, have the same meaning as assigne

thereto in the Rules, Byelaws and Regulations of th

Exchange and circulars issued there under.

23. The provisions of this agreement shall always be subjeto Government notifications, any rules, regulation

guidelines and circulars issued by SEBI and Rule

Regulations and Bye laws of the relevant stock exchang

that may be in force from time to time.

24. The trading member hereby undertakes to maintain th

details of the client as mentioned in the client registratio

form or any other information pertaining to the client

confidence and that it shall not disclose the same to a

person / authority except as required under any law

regulatory requirements; Provided however that th

trading member may so disclose information about his client to any person or authority with the expre

permission of the client.

This agreement can be altered, amended and /or modifie

by the parties mutually in writing without derogating fro

the contents of this Agreement.

Provided however, if the rights and obligations of the parti

hereto are altered by virtue of change in Rules and regulatio

of SEBI or Bye-laws, Rules and Regulations of the releva

stock Exchange, such changes shall be deemed to have bee

incorporated herein in modification of the rights anobligations of the parties mentioned in this agreement.

IN WITNESS THEREOF the parties to the Agreement have caused these presents to be executed as of the day and year first above written.Signed for and on behalf of INDIA INFOLINE LTD. Signed on behalf of CLIENT

By: By:

Title: Title:

Witness: Witness:

Witness: Witness:

NOTE:All references to the specific quantity/rate/fee mentioned in this agreement are subject to change from time to time, as so agreed to in writing between the parties.

SIGNATURE:

NAME OF THE CLIENT

SIGNATURE:

INDIA INFOLINE LTD.

51


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This Agreement is made and executed at on this [ ] day of [ ] 20 between India Info

Limited a body corporate, incorporated under the provisions of the Indian Partnership Act, 1932 / the Companies 1956, being a member of the MCX Stock Exchange Ltd. (hereinafter called "the Exchange"), and having his/ her/ its regist

office at IIFL House, Sun Infotech Park, Road No. 16V, Plot No. B-23, MIDC, Thane Industrial Area, Wagle Estate, Tha

400 604 and Processing Office at India Infoline Towers, No.143, M.G.R. Road, 3rd Floor, Central Processing Unit (C

Perungudi, Near Life Line Hospital, Chennai - 600 096 (hereinafter called "the trading member") which expression s

unless repugnant to the context or meaning thereof, be deemed to mean and include himself in the capacity of a tra

member while trading in the Currency Derivatives Segment, his/her heirs, executors, administrators and legal representat

the partners for the time being of the said firm, the survivor or survivors of them and their respective heirs, execut

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

And

Mr./Ms/M/s. , an individual/ a sole proprietary concern

partnership firm/a body corporate, registered/ incorporated, under the provisions of the Indian Partnership Act, 1932/

Companies Act, 1956, having his/ her/ its residence/ registered office at (hereinafter called "the client") which expres

shall, unless repugnant to the context or meaning thereof, be deemed to mean and include his/ her heirs, execut

administrators and legal representatives/ the partners for the time being of the said firm, the survivor or survivors of t

and their respective heirs, executors, administrators and legal representatives/ its successors, as the case may be, of

Other Part.

Whereas the trading member is registered as the trading member of the Exchange with SEBI registration number

261097537 in the Currency Derivatives Segment.

A. Whereas the client is desirous of investing/ trading in

those securities/ contracts/ other instruments admitted

to dealings on the Exchange as defined in the Rules,

Byelaws and Regulations of the Exchange and circulars

issued there under from time to time.

B. Whereas the client has satisfied itself of the capacity

of the trading member to deal in securities and/ or

deal in equity/ currency derivatives contracts and wishes

to execute its orders through the trading member and

the client shall from time to time continue to satisfy

itself of such capability of the trading member before

executing orders through the trading member.

C. Whereas the trading member has satisfied and

continuously satisfy itself about the genuineness

financial soundness of the client and investme

trading objectives relevant to the services to

provided; and

D. Whereas the trading member has taken steps and

take steps to make the client aware of the pre

nature of the trading member's liability for busine

be conducted, including any limitations, the lia

and the capacity in which the trading member ac

E. Whereas the trading member and the client agre

Continued on pag

BROKER-CLIENT AGREEMENT - MCX-SX

Contains basic rights and obligations of client and Stock Broker

To be stamped with Rs.20/- Stamp Pape


11/40Continued on page

be bound by all the Rules, Byelaws and Regulations of

the Exchange and circulars issued there under and

Rules and Regulations of SEBI and relevant notifications

of Government authorities as may be in force from

time to time.

Now, therefore, in consideration of the mutual

nderstanding as set forth in this agreement, the partieshereto have agreed to the following terms and conditions:

. The client agrees to immediately notify the trading

member in writing if there is any change in the

information in the 'client registration form' provided

by the client to the trading member at the time of

opening of the account or at any time thereafter.

. The trading member declares that it has brought the

contents of the risk disclosure document to the notice

of client and made him aware of the significance of

the said document. The client agrees that:

) He has read and understood the risks involved in

trading on the Exchange.

b) He shall be wholly responsible for all his decisions and

trades.

) The failure of the client to understand the risks involved

shall not render a contract as void or voidable and the

client shall be and shall continue to be responsible for

all the risks and consequences for entering into trades

in the segment.

) He is l iable to pay appl icable init ial margins,

withholding margins, special margins or such other

margins as are considered necessary by the trading

member or the Exchange or as may be directed by

SEBI from time to time as applicable to the segment.

The trading member is permitted in its sole and

absolute discretion to collect additional margins (even

though not required by the Exchange, Clearing House/

Clearing Corporation or SEBI) and the client shall be

obliged to pay such margins within the stipulated time.

) Payment of margins by the client does not necessarily

imply complete satisfaction of all dues. In spite of

consistently having paid margins, the client may, on

the closing of its trade, be obliged to pay (or entitled

to receive) such further sums as the contract may

dictate/ require.

. The Client agrees to pay to the trading member

brokerage and statutory levies as are prevailing from

time to time and as they apply to the Client's account,

transactions and to the services that trading memb

renders to the Client.

4. The trading member agrees that it shall not charg

brokerage more than the maximum brokerag

permissible as per the rules, regulations and bye -law

of the Exchange/ SEBI.

5. The client agrees to abide by the exposure limits,any, set by the trading member or by the Exchange

Clearing House/ Clearing Corporation or SEBI from tim

to time.

6. Without prejudice to the trading member's other righ

(including the right to refer a matter to arbitration

the trading member shall be entitled to liquidate/ clo

out all or any of the client's positions for non-payme

of margins or other amounts, outstanding debts, et

and adjust the proceeds of such liquidation/ close ou

if any, against the client's liabilities/ obligations. A

and all losses and financial charges on account of suc

liquidation/closing-out shall be charged to and born

by the client.

7. The trading member agrees that the money/ securiti

deposited by the client shall be kept in a separa

account, distinct from his/ its own account or accou

of any other client and shall not be used by the tradin

member for himself/ itself or for any other client or f

any purpose other than the purposes mentioned

SEBI Rules and Regulations circulars/ guidelines/ th

Exchange's Rules/ Regulations/ Byelaws and circular

8. The client agrees to immediately furnish informatio

to the trading member in writing , if any winding u

petition or insolvency petition has been filed or a

winding up or insolvency order or decree or award

passed against him or if any litigation which may ha

material bearing on his capacity has been filed again

him.

9. The trading member agrees to inform the client ankeep him apprised about trading/ settlement cycle

delivery/ payment schedules, any changes therein fro

time to time, and it shall be the responsibility in tu

of the client to comply with such schedules/ procedur

of the Exchange.

10. In the event of death or insolvency of the client or h

its otherwise becoming incapable of receiving an

paying for any contracts which the client has ordere

to be bought or sold, or of delivering or transferrin


12/4011Continued on pag

securities, the trading member may close out the

transaction of the client and claim losses, if any, against

the estate of the client. The client or his successors,

heirs and assigns shall be entitled to any surplus which

may result there from.

11. The client and the trading member agree to refer any

claims and/ or disputes to arbitration as per the Rules,Byelaws and Regulations of the Exchange and circulars

issued there under as may be in force from time to

time.

12. The trading member hereby agrees that he shall ensure

faster settlement of any arbitration proceedings arising

out of the transactions entered into between him and

the client and that he shall be liable to implement the

arbitration awards made in such proceedings.

13. Information about default in payment/ delivery and

related aspects by a client shall be brought to the notice

of the Exchange(s). In case where defaulting client is a

corporate entity/ partnership/ proprietary firm or any

other artificial legal entity, then the name(s) of

director(s)/ promoter(s)/ Partner(s)/ proprietor as the

case may be, shall also be communicated to the

Exchange(s).

14. The trading member and the client agree to reconcile

their accounts at the end of each quarter with reference

to all the settlements where payouts have been

declared during the quarter.

15. The trading member and the client agree to abide by

any award passed by the Ombudsman under the SEBI

(Ombudsman) Regulations, 2003.

16. The trading member and the client declare and agree

that the transactions executed on the Exchange are

subject to Rules, Byelaws and Regulations and circulars

issued there under of the Exchange and all parties to

such trade shall have submitted to the jurisdiction of

such court as may be specified by the Byelaws andRegulations of the Exchange for the purpose of giving

effect to the provisions of the Rules, Byelaws and

Regulations of the Exchange and the circulars issued

there under.

17. The instructions issued by an authorized representative,

if any, of the client shall be binding on the client in

accordance with the letter authorizing the said

representative to deal on behalf of the said client.

18. Where the Exchange cancels trade(s) suo moto all such

trades including the trade/s done on behalf of the c

shall ipso facto stand cancelled.

19. This agreement shall forthwith terminate; if the tra

member for any reason ceases to be a member of

Exchange including cessation of membership by rea

of the trading member's default, death, resigna

or expulsion or if the certificate issued by the Boacancelled.

20. The trading member and the client shall be entitle

terminate this agreement without giving any rea

to the other party, after giving notice in writing of

less than one month to the other part

Notwithstanding any such termination, all rig

liabilities and obligations of the parties arising ou

or in respect of transactions entered into prior to

termination of this agreement shall continue to su

and vest in/ be binding on the respective partiehis/ its respective heirs, executors, administrators,

representatives or successors, as the case may be

21. In addition to the specific rights set out in

Agreement, the trading member and the client

be entitled to exercise any other rights which

trading member or the client may have under the R

Bye-laws and Regulations of the Exchange and circu

issued there under or Rules and Regulations of S

22. Words and expressions which are used in

Agreement, but which are not defined herein s

unless the context otherwise requires, have the s

meaning as assigned thereto in the Rules, Byelaws

Regulations of the Exchange and circulars issued t

under.

23. The provisions of this agreement shall always be sub

to Government notifications, any rules, regulati

guidelines and circulars issued by SEBI and Ru

Regulations and Bye laws of the Exchange that

be in force from time to time.24. The trading member hereby undertakes to main

the details of the client as mentioned in the c

registration form or any other information pertai

to the client in confidence and that it shall not disc

the same to any person/ authority except as requ

under any law/ regulatory requirements; Prov

however that the trading member may so disc

information about its his client to any perso

authority with the express permission of the clien


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his agreement can be altered, amended and/ or modified

by the parties mutually in writing without derogating from

he contents of this Agreement.

rovided however, if the rights and obligations of the parties

ere to are altered by virtue of change in Rules and

regulations of SEBI or Bye-laws, Rules and Regulations

the Exchange, such changes shall be deemed to have bee

incorporated herein in modification of the rights an

obligations of the parties mentioned in this agreement.

Note:

All references to the specific quantity/rate/fee mentioned in this agreement are subject to change from time to time, as so agreed to in writing betwe

the parties.

IN WITNESS WHEREOF the parties to agreement have caused these presents to be executed as of the date and year firabove written.

SIGNED FOR AND ON BEHALF OF SIGNED ON BEHALF OF CLIENTINDIA INFOLINE LTD.

Client Name:

Authorised Signatory: Client Signature:6

14

Witness 1 on behalf of IIFL Witness 1 on behalf of Client

Name Name

Address Address

Signature Signature

Witness 2 on behalf of IIFL Witness 2 on behalf of Client

Name Name

Address Address

Signature Signature


14/4013

1. DEFINITIONS

1.1 "Account" shall mean the Client's Broking Account with

Stock Broker.

1.2 "Bank Accounts" shall mean the bank account that may

be opened by the Client with a Designated Bank

pursuant to this Agreement.

1.3 "MCX-SX/ NSE" shall have the meaning specified in the

recitals.

1.4 "Business Day" means any day on which the MCX-SX/

NSE are open for trading.1.5 "Designated Bank" shall mean a bank from among the

list at Annexure"1" hereto with which Stock Broker has

arrangements for electronic debit/ credit of payments

and receivables to and from its Client's.

1.6 "E-broking Services" shall have the meaning specified

in the recitals.

1.7 "Minimum Margin Deposit" means the minimum cash

balance that the Client is required to maintain with

Stock Broker at all times as a condition to avail the E-

broking Services.1.8 "Order Types" shall include the various types of orders,

including those listed in Trading and Product Guidelines

Brochure, and order types known by such other name

or terminology as are commonly used in the trade,

that the Client may place with Stock Broker.

1.9 "Password" shall mean the alphanumeric code allotted

by Stock Broker to the Client to enable it to validate

the Username and operate the Account.

1.10 "Products" shall mean the various products offered by

Stock Broker as part of the E-broking Services.

1.11 "Relevant Stock Exchange" shall mean the Stock

Exchange where Stock Broker has a Stock Brokership

and it offers/ plans to offer its products and services.

1.12 "SEBI" shall have the meaning specified in the recitals.

1.13 "Settlement Cycle" shall mean the account period

specified by the relevant Stock Exchange.

1.14 "Stock Exchange" shall mean a Stock Exchange that is

recognized by SEBI and which has granted permission

to Stock Broker to provide the E-broking Services and

shall include the MCX-SX/ NSE.

1.15 "Trading and Product Guidelines Brochure" means the

product brochure describing the products offere

Stock Broker from time to time at its sole discret

1.16 "Trading Hours" shall mean such period of Bus

Day when the relevant Stock Exchange offers tra

to its Stock Brokers including Stock Broker.

1.17 "Username" means the alphanumeric identifica

code allotted by Stock Broker and used by the C

for accessing its Account.

2. INTERPRETATION

a. In addition to the above, certain terms have bdefined elsewhere in this Agreement and they shall

the meaning assigned to them unless the con

specifically or by necessary application otherw

requires.

b. Various terms used throughout this Agreement sh

not, specifically defined, or in case of any ambigui

to the meaning thereof, be construed and interpr

in accordance with the customary meanings of

terms in the business of providing broking services

trading on Stock Exchanges.

c. The headings are for convenience only and shall

affect the interpretation of this Agreement.

d. Unless otherwise specified, references to Clauses and Exh

are refereces to Clauses and Exhibits to this Agreemen

e. The definitions ascribed to terms in this Agreem

apply equally to both the singular and plural form

such terms.

f. Whenever the context may require, any pronoun

be deemed to include the corresponding mascu

feminine and neuter forms.

g. The words "include", "includes" and "including" sha

interpreted as if followed by the phrase "without limitat

h. References to any document or agreement, inclu

this Agreement, shall be deemed to include

references to such document or agreemen

amended, supplemented or replaced from time to

in accordance with its terms and (where applica

subject to compliance with the requirements set f

therein and herein.

i. References to a statute, ordinance, code or other

This forms part of the Broker-Client Agreement entered between the client and Stock Broker for the purpose of tradin

the National Stock Exchange of India Limited and MCX-SX Exchange Limited.

The terms and conditions contained herein are binding on the client. The client has agreed to obtain services from the S

Broker after fully understanding the terms and conditions. The terms and conditions shall be subject to modification f

time to time and such modifications are binding on the client. For the purpose of this agreement The MCX-SX Excha

Limited and the National Stock Exchange (NSE) of India shall respectively known as Exchange henceforth in this agreem

ANNEXURE A

Continued in pag



shall be deemed to include regulations and other

instruments under it and consolidations, amendments,

re-enactment or replacements of any of them.

References to any party to this Addendum Agreement

or any other document or arrangement includes that

party's executors, administrators, substitutes,

successors and permitted assigns.

3. APPOINTMENT

Stock Broker hereby agrees to provide E-broking

Services to Client and the Client agrees to avail of the

E-broking Services provided by Stock Broker on the

terms and conditions set forth in this Agreement.

4. ELIGIBILITY CRITERIA

The Client shall be eligible to avail of the E-broking

Service only after having registered with Stock Broker

on completing the Registration Form prescribed by

Stock Broker in this behalf and fulfilling the conditions

of registration specified by Stock Broker from time totime including, inter alia, as follows:

4.1.1 The existence/ opening of a bank account and a

depository account by the Client either with a

Designated Bank and a Designated DP or with a bank

and a depository participant acceptable to Stock Broker.

4.1.2 The existence or creation of the Minimum Margin

Deposit by the Client with Stock Broker.

4.1.3 Execution of a Power of Attorney in favor of Stock

Broker for use of the designated Depository Account.

4.1.4 Execution of such other documents and furnishing ofparticulars as may be required from time to time by

Stock Broker. On the satisfactory verification by Stock

Broker of the information provided by the 16 Client

and the fulfillment of all requirements as stated in sub-

clauses (1) and (4) above by the Client, Stock Broker

shall register the Client for availing the E-broking Services

and open its Account with Stock Broker. On activation

of the Account by Stock Broker, Stock Broker shall

provide the Client with a Username and Password to

access and operate the Account, and avail of the E-

broking Services.

5. SERVICES OFFERED BY STOCK BROKER

India Infoline Limited (Stock Broker) provides to their

Client's India Infoline Trading Services which includes:

a. E-broking services through their website:

www.indiainfoline.com/ www.5paisa.com/

http://currency.indiainfoline.com and Internet Client

Server application.

b. Trading facility over telephone known as Tradeline.

5.1 Terms and Conditions of India Infoline Trading Services

The Client agrees to avail of the India Infoline Trading

Services, on and subject to the terms and conditions below

5.1.1 For the purpose of E-broking services Client will

entitled to a Trading Login ID and a Password throug

which Client can directly deal in the securities throug

the website: www.indiainfoline.com/ www.5paisa.co

and Internet Client Server application.

5.1.2 For the purpose of Tradeline, the Client shall b

provided a telephone number (Identification Numbe

which shall be used as Client's ID and a separate

digit Telephone Personal Identification Number (TPI

which will directly give Client to speak with th

Customer Relationship Officer of Stock Broker f

availing of India Infoline Trading Services.

5.1.3 The Client agrees that if the call is from telepho

numbers other than the designated telephon

numbers, the Company shall seek to verify the Clien

default demat account number or such oth

information for Client identification.5.1.4 Stock Broker shall from time to time introduce su

other additional facilities and security as may b

necessary (by whatever name called) which will enab

the Client to avail facilities of India Infoline Tradin

Services at the Client's cost if any.

5.1.5 The Client is aware that the Stock Broker System its

randomly generates the Trading Login ID and Produ

Password, Ledger/ Fund Transfer Password, E-ma

Password and Demat Account Transaction Passwo

(herein after reffered to as "Password") which shall

sent to the Client either by SMS over his/ her mob

number or by courier in hard copy as agreed by the Clien

The initial Password sent by Stock Broker can be use

only for the first login. The Client agrees and undertak

to immediately reset his/ her Password and TPIN throug

the Internet/ software setting provided by the Sto

Broker. The Client is aware that the Password sent throug

the above mentioned mode by Stock Broker an

subsequent Password and TPIN reset by the Client a

not known to anyone else including Stock Broker Officia

At no point in time shall Stock Broker be liable for a

loss, whether notional or actual, that may be suffered

the Client on account of the misuse of the Passwo

and/ or TPIN. Stock Broker shall not be responsible in a

manner for the Password and/ or TPIN as the Client h

to reset the same through Internet/ software system

the same are not known to Stock Broker Official's.

5.1.6 The Client shall be responsible for keeping the Tradin

Login ID, Password and TPIN confidential and secu

and shall not part the same with any other perso

and shall be solely responsible for all orders entere



and transactions done by any person whosoever

through the India Infoline Trading Services using the

Client's Trading Login ID, Password or Identification

Number and TPIN or have access to Client's E-mail

whether or not such person was authorised to do so.

5.1.7 The Client acknowledges that he/ she is fully aware of

and understands the risks associated with availing of a

India Infoline Trading Services for routing orders over

the Internet and telephone including the risk of misuse

and unauthorised use of his/ her Trading Login ID,

Password, Identification Number and TPIN by a third

party and the risk of a person hacking into the Client's

account on the India Infoline and unauthorisedly routing

orders on behalf of the Client through the system. The

Client agrees that he/ she shall be fully liable and

responsible for any and all unauthorised use and misuse

of his/ her Trading Login ID, Password, Identification

Number and TPIN and also for any and all acts done by

any person through the India Infoline on the Client's

account in any manner whatsoever.

5.1.8 The Client shall immediately on becoming aware, inform

Stock Broker of any unauthorised use of the Client's

Trading Login ID, Password, Identification Number and

TPIN with full details of such unauthorised use including

the date of such unauthorized use, the manner in which

it was unauthorisedly used, the transactions effected

pursuant to such unauthorised use, etc.

5.1.9 The Client shall log off from the India Infoline Trading

Services, whenever the Client is not accessing or usingthe Service. Any liability incurred by the Client as a

consequence of the Client not logging off the Service

shall be borne solely by the Client.

5.1.10 The Client shall immediately notify Stock Broker in writing

with full details if (i) he/ she discovers or suspects

unauthorized access through his/ her Trading Login ID,

Password, Identification Number and/or TPIN (ii) he/ she

notices discrepancies that might be attributable to

unauthorised access, (iii) he/ she forgets his/ her Password

and/ or TPIN or (iv) he/ she discovers a security flaw in the

India Infoline Trading Services. In any of the above eventsspecified, the Client shall immediately change his/ her

Password and/ or TPIN. However, if the Client is unable to

change his/ her Password and/ or TPIN by reason of his/ her

having forgotten his/ her Password and/ or TPIN or his/ her

Password and/ or TPIN having been unauthorisedly changed

by some other person or for any other reason then the

Client shall immediately request Stock Broker in writing and

follow the instructions given by Stock Broker. At no point in

time shall Stock Broker be liable for any loss, whether notional

or actual, that may be suffered by the Client on account of

the misuse of the Password and/ or TPIN.

5.1.11 The Client agrees that orders, instructions and o

communication made over the telephone rou

through the Stock Broker's interactive voice respo

or other telephone system may be recorded by S

Broker. The Client also agrees that such recording

Stock Broker records of any orders, instructions

communications given or made by the Client or S

Broker by the fax, E-mail, or other electronic meshall be admissible as evidence and shall be bind

5.1.12 Client agrees to provide information's relating to

Client's Trading Account and other personal detai

may be required while placing orders on telephon

determine the identity of the Client. Provided; how

nothing prevents Stock Broker to accept the instruct

from Client over telephone without usage of TPIN

such acceptance of instructions by Stock Broker w

binding on Client.

5.1.13 The Client shall log off from India Infoline TraServices at any time the Client is not accessing or u

the Service and any liability incurred to the Clien

consequence of the Client not logging of the Se

shall be borne solely by the Client.

5.1.14 The Client agrees and understands that Stock Br

shall discontinue or alter his/ her India Infoline Tra

Services in part or entirety and change the term

Service at any time without prior notice to the Cl

The Client, declares that, he/ she has fully read

understood the terms and conditions of India Info

Trading Services and agrees to abide by all the teand conditions mentioned above.

6. INDIA INFOLINE E-MAIL SERVICE

India Infoline Limited (Stock Broker) provides to t

Client's India Infoline E-mail Service un

www.5pmail.com, to facilitate and receive all

correspondence on the same day.

6.1 Terms and Conditions of India Infoline E-mail Service

Client agrees to avail of the India Infoline E-mail Ser

on and subject to the terms and conditions below:

6.1.1 The client agrees to receive the contract notes fotrades executed by the stock broker on the beha

the client in electronic form i.e digitally signed cont

notes. If at any time client does not wish to rec

the contract notes and other documents in electr

form then the client shall intimate the stock brok

the same in writing.

6.1.2 There may be a delay in the stock broker receiving

reports of the transaction status from the excha

or the other persons in respect of or in connec

with which the stock broker has entered into contr



or transactions on behalf of the client. Accordingly,

the stock broker may forward to the client late reports

in respect of such transaction that were previously

unreported to him or were incorrectly reported to him

as being expired, cancelled or executed. The client shall

not hold the stock broker responsible for any losses

suffered by the clients on account of any late reports/

statements or any error in reports/ statementscomputed by or received from the exchange.

6.1.3 The client undertakes to keep the stockbroker informed

in case of any change in the email address of the client.

The client agrees that no receipt of " email failure of

delivery notification" by the stockbroker shall amount

to valid delivery of the electronic contract notes and

other communication to the client.

6.1.4 Client confirms that the E-mail provided by him is his

own E-mail ID. The Client shall receive all the

transaction statement, holding statement, contractnotes and other correspondence instantly on his/ her

E-mail. The physical copies of such correspondence

shall be sent on Client's request in writing.

6.1.5 The client agrees and understands that IIL will not be

held responsible for any unauthorised access of his

Email-id and he/she indemnifies the Company for the

same.

6.1.6 Stock Broker shall not be responsible to maintain or

provide the back-up of the E-mails at any point of

time.

6.1.7 The Client shall be responsible for keeping the E-mail

Password confidential and secure and shall be solely

responsible for all transactions done by any person

whosoever through the Client's E-mail ID.

6.1.8 The Client shall log off from the E-mail Service,

whenever he/ she is not accessing or using the Service.

Any liability incurred to the Client as a consequence

of the Client not logging off the Service shall be borne

solely by the Client.

7. PRODUCTS OFFERED BY STOCK BROKER

.1 Derivatives - Sensex and Nifty Futures Trading and otherderivative products which may be offered by Stock Broker

from time to time (more specifically described in Trading

and Product Guidelines Brochure). The Client shall select

the Products it wishes to avail of, Stock Broker shall, in its

absolute discretion agrees to offer one or more of the

Products selected, to the Clients. Based on the Client's

selection and Stock Broker's confirmation of the Products

that the Client may avail of, Stock Broker will determine

the Minimum Margin Deposit to be maintained by the

Client with Stock Broker and set an authorized limit ("the

Limit") or amount of outstanding trades that the Client

may have at any given time. The Products offered

Stock Broker to the Client shall be used by the Client o

the terms and conditions more specifically described

the Trading and Product Guidelines Brochure. Th

procedure for accessing Stock Broker Internet Site an

availing of the Products is set out in Trading and Produ

Guidelines Brochure. It is clarified that the Products m

be availed of by the Client by giving instructions to StoBroker over the telephone, fax, virtual private networ

or the Internet. Stock Broker reserves the right to mod

or cancel any of its products/ offerings at its sole discretio

8. BROKERAGE AND TAXES

Stock Broker shall be entitled to a brokerage of up

the maximum rate permitted by SEBI/ Exchange, of th

value of every transaction that may be undertaken b

the Client by using the E-broking and/ or Off-line Servic

The rates of brokerage for each Product that the Clie

may avail of under this Agreement are mentioned trading and product guidelines brochure hereto. T

rates of brokerage may be revised by Stock Broker fro

time to time at its sole discretion. The Client shall als

pay any applicable taxes, including service tax, handlin

charges, depository charges that may be levied on a

transactions undertaken pursuant to this Agreement

9. LIEN

All securities and/ or property in the Bank/ DP Accou

shall be subject to a lien for the discharge of any an

all indebtedness or any other obligation that the Clie

may have to Stock Broker. All of the Client's securitiand/ or other property shall be held by Stock Broker

security for the payment of any such obligation

indebtedness to Stock Broker. In enforcing its lie

Stock Broker at its sole discretion may determine whic

securities and/ or other property are to be sold or whic

contracts are to be enforced.

10. PAYMENT

10.1 Time of Payment

10.1.1The Client shall make all remittances to Stock Broker (i.

payment for all purchase transactions plus taxebrokerage, handling charges and depository related fe

and transaction fees of Stock Broker) by the value da

for each transaction. The value date for all purchases w

be the pay-in day less two days, where the pay-in day

specified by the Exchange Clearing House for the releva

settlement period. Provided that subject to Clause 9.1

a notional debit may be made with respect to the Lim

on the last day of the Settlement Cycle, notwithstandin

that actual payment is due on a later date and suc

notional debit shall be reversed on receipt of paymen



10.1.2 The Client will also have to make a margin payment

for securities purchased and sold either for square-

off on derivative contracts. The amount will be as

charged by the relevant Exchange. However, in case

the Exchange charges a margin amount over and

above the normal margins, Stock Broker can make

a margin call to the Client who will need to have to

pay the relevant margin as charged by the Exchange.

10.1.3 Stock Broker shall remit funds to the Client (i.e.

payment for all sale transactions less taxes, brokerage,

handling charges and depository related fees and

transaction fees of Stock Broker), less any amounts

deducted for shortages by the value date. The value

date for all sales will be pay-out day plus two days

where the pay-out day is specified by the Exchange

Clearing House for the relevant settlement period.

10.1.4 In the event of the Client having made both sales

and purchases during a Settlement Cycle on the sameStock Exchange, the amount due from and to the

Client shall be netted off and only the difference shall

be payable by or to the Client. A notional debit or

credit as the case may be, may be made to the Limit

at the end of day until the actual payment is made.

10.2 Mode of Payment

In the case of a purchase transaction, the Client

shall remit funds within the time period provided in

subclause 9.1.1 above to Stock Broker in any of the

following ways:

10.2.1 Acceptable credit or debit card, provided Stock

Broker has agreed to receipt of payment in this

manner, or

10.2.2 Authorized electronic transfer of funds from Client's

Bank Account to Stock Broker's bank account in the

same Designated Bank; or

10.2.3 Demand draft or account payee cheque drawn on

any other bank with which the Client maintains a

regular account. In the case of sub-clauses (1) and (2)

credit will be given to the Client immediately on

authentication of payment authorization howeverClient has to intimate Stock Broker immediately after

making payment through option as mentioned in sub-

clauses (1) and (2). In the case of (3) credit will be

given only on receipt of clear funds.

10.2.4 Payment referred to in sub-clauses (1), (2) & (3) shall

be accepted only from Client's account.

10.2.5 Payment shall be made by the Client only as referred

to in sub-clauses (1), (2) & (3) above. Stock Broker

shall not accept/ acknowledge/ give credit for any

payment made in cash. The same shall be returned

after deducting Rs. 500 towards charges.

10.3 In the case of a sale transaction, Stock Broker

remit funds to the Client within the time pe

provided in subclause 9.1.3 above, provided the C

has delivered the securities sold to Stock Broker w

the time prescribed in clause 11.1.1, in any of

following ways as may be requested by the Clie

10.3.1 Electronic transfer of funds into the Bank Acco

of the Client opened with the Designated Ban

10.3.2 Electronic transfer of funds into any other b

account of the Client as may be specified by

Client, and accepted by Stock Broker; or

10.3.3 Account payee cheque.

10.3.4 Please note that the mode of payment shoul

only by way of cross Cheque or Demand D

Demand Draft will be issued in name of I

Infoline Ltd. - (Login ID of the client). No c

receipts/payments will be entertained for

transactions made by the client. IIL will noresponsible for any kind of claims raised by

clients regarding payment made in cash.

10.3.5 Interface with a payment gateway will be off

to the Client at the portal itself.

Default in Payment

The Client agrees that Stock Broker may set off

her credit balances on MCX-SX/ NSE, ereinafter refe

to as the "Exchanges" against the debit balance

one or more accounts of the Client in relation to

said Exchanges and segments of the Exchanges.Without prejudice to the Stock Broker's other ri

(including the right to refer a matter to arbitrat

Stock Broker shall be entitled to liquidate/ close

all or any of the Client's positions in cash segm

or derivative segment on any Exchange

nonpayment of margins or other amou

outstanding debts, etc. and adjust the proceed

such liquidation/ close out, if any, against the Cli

liabilities/ obligations. Any and all losses and fina

charges on account of such liquidation/ closing

shall be charged to and borne by the Client.On a default by the Client to remit any mo

payable to Stock Broker, Stock Broker shal

entitled to appropriate the monies maintaine

the Client in the Minimum Margin Deposit tow

its dues. The Minimum Margin Deposit with S

Broker shall be subject to a lien for the discharg

any and all indebtedness or any other obliga

that the Client may have to Stock Broker. Th

broking Services shall be suspended to the C

until such time as the Client replenishes fu



adequate to maintain the Minimum Margin Deposit

at the stipulated level.

Not with standing anything contained in these

present, any amounts which are overdue from the

Client towards trading either in the cash or derivative

segments or on account of any other reason the Stock

Broker, will be charged delayed payment charges at

the rate of 2% per month or such other rate as may

be determined by the Stock Broker. The Client hereby

authorises the Stock Broker to directly debit the same

to the account of the Client at the end of each month.

0.4 In the event the client makes the specific request to

the stockbroker for the physical documents instead of

electronic/ digitally signed documents and subject to

the stockbroker being in a position to do so; the client

agrees to pay all such amounts that the stockbroker

may charge to cover the operational cost that the

stockbroker incurs in preparing and delivering the saidcommunications, documents, reports and alerts.

1. THE MINIMUM MARGIN DEPOSIT

Subject to Stock Broker's rights to appropriate the

Minimum Margin Deposit or an appropriate part

thereof against its dues, or towards margin money

payable by the Client, the Minimum Margin Deposit

shall be maintained by Stock Broker in a ledger account

of the customer in its books. If the Client so authorises

Stock Broker, the Minimum Margin Deposit may be

invested in a liquid fund or in such other scheme or

schemes as the Client and Stock Broker may agreesfrom time to time. Any earnings on such deployments

shall, after deducting Stock Broker's standard

commission, be credited to the Client. The Client

expressly agrees and confirms that such investments

and deployment of the Minimum Margin Deposit, shall

be at the entire risk of the Client and Stock Broker

shall not be held responsible in any manner for any

losses that the Client may incur in this regard. Should

the Minimum Margin Deposit fall below the required

minimum limits as a result of any such losses, the Client

shall immediately replenish it upto the level of theMinimum Margin Deposit, failing which the E-broking

Services may be suspended by Stock Broker. In the

event of the Client being required to pay margin money

whether under the rules of any Stock Exchange or

SEBI or as otherwise determined by Stock Broker, Stock

Broker shall be authorized to appropriate the Minimum

Margin Deposit or any part thereof, towards such

margin requirement. The Client shall immediately

replenish funds adequate to the required level of the

Minimum Margin Deposit, failing which the E-broking

Services may be suspended by Stock Broker.

12. CONFIRMATIONS AND CANCELLATIONS

12.1.1 Client authorises/ agrees Stock Broker broker to issu

the contract note in digital form. The Stock Brok

broker would upload the digital contracts notes o

the website and/ or send an E-mail to designated

mail ID of the Client (Client trading login

@5pmail.com). The same shall be deemed to b

received by the Client. The Client is aware that it

his/ her responsibility to review the trad

confirmation, contract notes, bills, or statement

account immediately upon their receipt. A

information contained therein shall be binding upo

the Client, if the Client does not object in writing

any of the contents of such trades, confirmation

contract notes, bills, statement of accounts with

twenty four hours to the Stock Broker broker. A

transactions undertaken by the Client via the Intern

during Trading Hours shall be confirmed to the Clie

as per notification option opted for by the Client v

E-mail. While digital contact notes sent to the Clien

designated E-mail id would be the orginal conta

notes delivered to the Client. However a copy of t

digitally delivered contact notes may be issued

the officers of Stock Broker upon their specific reques

The Client shall note that such copies are only a co

of the validly delivered contract notes.

12.1.2 The Client may place trade orders outside Tradin

Hours also. In case of execution of trade, an E-ma

confirmation may be sent by Stock Broker on thnext Business Day.

12.1.3 In case of orders placed during Trading Hours, eve

effort will be made by Stock Broker to have the ord

executed within a few seconds, subject to matc

up of orders and other circumstances provide

herein. Any orders not executed for any reaso

during Trading Hours, shall, unless the Order Typ

requires or implies otherwise, stand cancelled.

12.1.4 In case of orders placed outside Trading Hours, subje

to the Order Type match up of orders and oth

circumstances provided herein, every effort will bmade by Stock Broker to have the order execute

promptly upon commencement of Trading Hours o

the immediately following Business Day.

12.1.5 If the Client places a request to cancel an orde

the cancellation of that order is not guarantee

by Stock Broker. The order will only be cancelle

if the Client's request for cancellation is receive

in the Exchange and matched up with his/ h

order before it gets executed.



12.1.6 The Client agrees that the information sent by Stock

Broker by E-mail is deemed to be a valid delivery of

such information by Stock Broker to the Client. In the

event the Client does not receive any confirmation from

Stock Broker, whether by E-mail or printed/ digital

contract note, by the end of the next Business Day

following the date on which the order is placed, the

Client shall make inquiries with Stock Broker on thestatus of the order. Stock Broker will not be responsible

for nonreceipt of contract notes due to any change in

E-mail address or correspondence address.

12.1.7 Stock Broker may from time to time receive late

reports from the MCX-SX/ NSE reporting the status

of transactions. Accordingly, the Client shall be

subject to late reports relating to orders that were

previously unreported to him or reported to him as

being expired, cancelled, or executed.

12.1.8 Any recording or position errors, including errors inexecution prices will be corrected to reflect what

actually occurred in the market place.

12.2 The Client further agrees as follows:

12.2.1 Stock Broker shall have the right to refuse to accept

any buy or sell transaction or order from the Client

without providing any reasons thereof provided that

Stock Broker shall immediately inform the Client of

any such decision.

12.2.2 Without prejudice to the generality of the above,

the Client is aware that Stock Broker has provided

on the web site, a facility for reconfirmation of

orders, which are larger than that specified by Stock

Broker's risk management team and that Stock

Broker has the discretion to reject the execution of

any orders based on its risk perception.

12.2.3 Stock Broker shall not be liable for non-execution

of any order or for any delays the execution of any

purchase or sale order or for any resultant loss on

account of such non-execution or delay, due to any

link/ system failure, electric failure, due to

Contingencies beyond it's control such as fire, flood,civil commotion, earthquake at the Client/ Stock

Broker/ Exchange end.

12.2.4 Stock Broker shall, at its sole discretion subject any

sale or purchase order placed by the Client to manual

review and entry or other verification process, which

may cause delays in the processing of the Client's

orders.

12.2.5 The Client will receive the price at which his/ her

order is executed in the market place, which may

be different from what is trading when his/ her order

is entered into the system.

12.2.6 Inform Stock Broker if he/ she does not rec

confirmation of trade under section 12.1.1

13. INVESTMENT ADVICE

13.1.1 The Client acknowledges that Stock Broker shal

be liable to provide it with any legal, ta

accounting advice or advice regarding the suita

or profitability of a security or investment.

13.1.2 The Client also acknowledges that Stock Bro

employees are not authorized to give any such ad

and that the Client will not solicit or rely upon

such advise from Stock Broker or any of its employ

13.1.3 Any information or recommendations provide

Stock Broker in addition to the Ebroking Service

not be construed as investment advice given

Stock Broker to the Client.

14. REPRESENTATIONS AND WARRANTIES

14.1 Representation and Warranties of the Client

14.1.1 The Client agrees that the gross expo

computation norms, the resulting authorized t

limit for the Client, the Minimum Margin Dep

requirement for each Product are discretio

parameters that may be set by Stock Broker, a

sole discretion without having to provide any rea

for the same.

14.1.2 The Client is aware that authentication technolo

and strict security measures are required for

Internet trading through order routed syst

Accordingly the Client undertakes to ensure thatPassword and Username are not revealed to any t

party and shall ensure that no third person o

than his/ her authorized representative gains ac

to it.

14.1.3 The Client agrees that Stock Broker may, i

absolute discretion, issue a new Password to

Client on the terms and conditions stated here

on such terms and conditions as Stock Broker

deem fit.

14.1.4 The Client shall, at all times, be bound by

modifications and/ or variations made to

Agreement by Stock Broker.

14.1.5 The Client agrees that Stock Broker may suspend

E-broking Service in whole or in part, at any

without prior notice if the Client does not comply

any of the terms and conditions of this Agreeme

14.1.6 The Client shall take responsibility for all

transactions conducted by using the E-bro

Service and will abide by the record of transact

generated by Stock Broker. Such records gener


21/40Continued on page 2

by Stock Broker shall be conclusive proof and

binding on the Client for all purposes and may be

used as evidence in any proceedings. In particular it

shall not be an option to the Client to contend or

to try and avoid a transaction on the allegation that

a trade conducted on its Account using the

Password allotted to the Client was not a transaction

done by or on behalf of the Client.

4.1.7 The Client has the legal capacity to enter into this

Agreement and has taken all corporate and other

action necessary and obtained all required consents

to enable it to enter into this Agreement and this

Agreement constitutes legal, valid and binding

obligations of the Client enforceable against the

Client in accordance with its terms.

4.1.8 The Client confirms and undertakes that none of

the monies paid to or deposited by the Client with

Stock Broker is or shall be tainted with any form ofillegality.

4.1.9 The client hereby declares and confirms that he/she

is not acting as sub-broker for any transaction carried

out in his/her aforesaid client account held with IIL.

5. REPRESENTATION AND WARRANTIES OF STOCK

BROKER: Stock Broker represents and warrants that

it has received permission from the MCX-SX/ NSE

and BSE to provide E-broking Services and has

satisfied all necessary requirements of the

Exchanges, including but not limited to operational

and system requirements.

6. INDEMNITIES

The Client shall indemnify Stock Broker for all

transactions undertaken on its behalf by Stock

Broker and in particular shall not hold Stock Broker

liable for the following:

6.1.1 For any transactions using the E-broking Service

carried out in good faith by Stock Broker on

instructions issued by or on behalf of the Client.

6.1.2 For the unauthorized usage/ unauthorized

transactions conducted by using the E-broking Serviceand/ or the Client's Account and/ or Password.

6.1.3 For any loss or damage incurred or suffered by the

Client due to any error, defect, failure or interruption

in the provision of the E-broking Service arising from

or caused by any reason whatsoever.

6.1.4 For any negligence/ mistake or misconduct by the

Client.

6.1.5 For any breach or non-compliance by the Client of the

rules/ terms and conditions stated in this Agreement.

6.1.6 For not carrying out any such instructions where Stock

Broker has reason to believe (which decision of Sto

Broker the Client shall not question or dispute) th

the instructions given are not genuine or a

otherwise improper, unclear, vague or raise a dou

or that the Minimum Margin Deposit or marg

requirement to process a transaction is not there.

16.1.7 For any incidental, consequential, special or indire

damages including but not limited to lost profit

trading losses, or damages that result fro

inconvenience, delay or loss of the use of the Servi

even if Stock Broker has been advised of th

possibility of such damages.

17. CONFIDENTIALITY

The Client agrees that the Stock Broker has the rig

to record the conversation between the Clien

representative and the Stock Broker, either persona

or over the telephone, and hereby specifica

permits the Stock Broker to do so. Such recordinmay be relied upon by the Stock Broker as and whe

required to resolve disputes in connection with th

trading transactions.

18. MISCELLANEOUS: All trades, transactions an

contracts are subject to the Rules and Regulations

the Exchange and shall be deemed to be and sh

take effect as wholly made, entered into and to b

performed in the city of Mumbai and the parties

such trade shall be deemed to have submitted to th

jurisdiction of the Courts in Mumbai for the purpo

of giving effect to the provisions of the Rules, Byelawand Regulations of the Exchange.

The Client understands and agrees that Stock Brok

is acting as an agent of the Client, unless Stoc

Broker notifies the Client, electronically or in writin

before the settlement date for the transaction th

Stock Broker is acting as a dealer for its own accou

or as agent for some other person.

Stock Broker and/ or its agents will not be liable f

losses caused directly or indirectly by governme

restriction, Exchange or market rulings, suspension trading, computer or telephone failure, wa

earthquakes, flood, accident, power failure, equipme

or software malfunction, strikes or any other conditio

beyond Stock Broker's control.

All notices, requests and other communications

any party hereunder shall be in writing and sufficie

if delivered personally or sent by facsimi

transmission (with confirmation of receipt) or,

permitted by law by E-mail, or by registered

certified mail, postage prepaid, return recei



requested or by overnight mail or courier service,

addressed as follows:

To Stock Broker at:

Name of the person concerned:

R. VENKATARAMAN

Address : INDIA INFOLINE LTD., IIFL House, Sun

Infotech Park, Road No. 16V, Plot No. B-23, MIDC,Thane Industrial Area, Wagle Estate, Thane - 400

604 Fax: (91-22) 2580 6654 E-mail :

[email protected]

To the Client at:

Name of the person concerned:

Address:

Fax: E-mail:

or to such other address or addresses or facsimile

numbers as the party to whom notice is to be givenmay have furnished to the other party in writing in

accordance herewith. Each such notice, request or

communication shall be effective when received or,

if given by mail, when delivered at the address or

addresses specified in this Section or on the fifth

business day following the date on which such

communication is posted, whichever occurs first.

The Stock Broker and the Client are aware of the

provisions of Byelaws, Rules and Regulations of the

Stock Exchanges relating to resolution of disputes/

differences through the mechanism of arbitration

provided by the Stock Exchanges and agrees to abide

by the said provisions. Any and all disputes arising

out of or in connection with this agreement of its

performance shall be settled by arbitration by a

single Arbitrator appointed by India Infoline Ltd. The

arbitration shall be held, in Mumbai in accordance

with the provisions of the Arbitration and

Conciliation Act, 1996. As amended from time to

time. In case of any disputes relating to transactions

executed on any segment of any Stock Exchange,

the Client agrees to file the grievance application

only at the Investor Grievances Cell/ Arbitration

Department of the concerned Stock Exchange

situated at Mumbai, Maharashtra.

All trades, transactions and contracts are subject to

the Byelaws, Rules and Regulations of the relevant

Stock Exchange and shall be deemed to be and shall

take effect as wholly made, entered into and to be

performed in the city of Mumbai and the parties to

such trade shall be deemed to have submitted to the

jurisdiction of the Courts in Mumbai for the purpose

of giving effect to the provisions of the Rules

Regulations of the Exchange. This Agreement

be governed by and construed in all Stock Br

respects in accordance with the laws of the Rep

of India. This agreement can be altered, amen

and/ or modified by the parties mutually in wr

without derogating from the contents of

Agreement. Provided however, if the rights obligatioStock Broker ns of the parties hereto

altered by virtue of change in Rules and regulat

of SEBI or Byelaws, Rules and Regulations of

relevant Stock Exchange, such changes sha

deemed to have been incorporated herei

modification of the rights and obligations of

parties mentioned in this agreement.

19(I) FURTHER CLAUSES FOR INTERNET TRADING

APPLICABLE TO MCX-SX/ NSE

1. The provisions of this agreement shall alwaysubject to Government notifications, any ru

regulations and guidelines issued by SEBI and S

Exchange rules, regulations and Bye-laws that

be in force from time to time.

2. In the event of death or insolvency of the Clien

his otherwise becoming incapable of receiving

paying for or delivering or transferring securities w

the Client has ordered to be bought or sold, S

Broker may close out the transaction of the C

and the Client or his legal representative shall be l

for any losses, costs and be entitled to any surwhich may result therefrom.

3. The agreement entered into between the Stock Br

and the Client shall stand terminated by mu

consent of the parties by giving at least one mo

written notice. Such cancellation or termination

not have any effect on transaction executed be

the date of such notice of termination and the pa

shall enjoy the same rights and shall have s

obligations in respect of such transactions.

4. The in st ruct ions issued by an au tho r

representative of the Client shall be binding on

Client in accordance with the letter authorizing

said representative to deal on behalf of the Cli

5. The Client is aware that authentication technolo

and strict security measures are required for

internet trading through order routed system

undertakes to ensure that the password of the C

and/ or his authorised representative are not reve

to any third party.


23/40Continued on page 2

6. The Client agrees that the Stock Broker shall not be

liable or responsible for non-execution of the orders

of the Client due to any link/ system failure at the

Client/ Stock Brokers/ EXCHANGE end.

. The Stock Exchange may cancel a trade suo-moto

without giving any reason thereof. In the event of

such cancellation, Stock Broker shall be entitled to

cancel relative contract(s) with Client.

8. The Stock Broker shall also send the Order/ Trade

confirmation slip through E-mail to the Client at his

request, within (time period as specified by the

Client) from the time of execution of order/trade

on the NOW/ODIN System, as the case may be. The

CLINET agrees that the information sent by Stock

Broker by E-mail is deemed to be a valid delivery of

such information by the Stock Broker.

9. The Client is aware that the Stock Broker has provided

on the web site a facility for reconfirmation of orders,which are larger than that specified by the Stock

Broker's risk management, by the Stock Broker and is

also aware that the Stock Broker has the discretion to

reject the execution of such orders based on his risk

perception.

0. The Client agrees that non-receipt of bounced mail

notification by the Stock Broker shall amount to

delivery of contract note at the e-mail ID of the

Client.

1. The Stock Broker and the Client are aware of the

provisions of Bye-Laws, Rules and regulations of the

Exchange relating to resolution of disputes/differences

through the mechanism of arbitration provided by

the Exchange and agree to abide by the said

provisions.

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

Bye-Laws, Rules and Regulations of the Exchange and

shall be deemed to be and shall take effect as wholly

made, entered into and to be performed in the city of

Mumbai and the parties to such trade shall be deemed

to have submitted to the jurisdiction of the Courts inMumbai for the purpose of giving effect to the provisions

of the Rules and Regulations of the Exchange.

9(ii) FURTHER CLAUSES FOR INTERNET TRADING

(ITORS SERVICES) AS APPLICABLE TO MCX-SX/

NSE

. DEFINITIONS

.1 In this Agreement (including the Recitals above), unless

the context otherwise requires the following words shall

have the following meanings:-

i. "Exchange Provisions" means the Rules, Byelaw

Regulations, Business Requiremen

Specifications, handbooks, notices, circulars an

resolutions of the Exchange or any segment

the Exchange in force from time to time an

includes the Minimum Requirements Handbo

for ITORS prescribed by the Exchange,

amended from time to time.

ii. "ITORS

MCX-SX NSE Currency_Non-Individual

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