Pa Aw an Form

8/3/2019 Pa Aw an Form

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BROKERAGE STRUCTURE

Commodity Future Segment

Brokerage Detail

1. Brokerage

2. Trn. Chg

3. S. Tax

4. Other Charges

Total

User ID Charges

Rs Per Crore

Remarks

I understand that I shall be charged Rs.................................per Crore including all texes & charges as specified adove.

I here by agree to pay the same.

( Signature of Client )( Signature of Client )

Client Code

Category

Mapping Under

FOR OFFICIAL USEFOR OFFICIAL USE

Name & Code Signature

Introducer

Authorised by

Verified by

INSTRUCTIONS FOR FILLING UP AND COMPLETING THE ACCOUNT OPENING DOCUMENTINSTRUCTIONS FOR FILLING UP AND COMPLETING THE ACCOUNT OPENING DOCUMENTPlease ensure that the form is properly filling up and copies of all required documents are attached. Please give attention to

the following requierments

Proof of Identity & Address Provide any Two

a) Passport b) Driving Licence

c) Ration Card d) Voters Identity Card

Copy of PAN Card is mandatory.

Each Client has to use one registration form. In case of joint family members please submit separate form for each person.

Please provide two Photographs and please sign across.

Cancelled Cheque Mandatory.

Copy of latest Income Tax Return.

Bank Statement / Passbook Copy.

The Client should Sign at all the relevant Place where is marked and where information is filled by hand or where

information is provided in blank spaces.

Original documents may be verified at the time of filling/submission of the application.

Address Proof of the company and Auth. Director/Partner.

Proof of Bank Account Number. (

Copy of last 3 yrs. Annual Report.

Proof of date of incorporation.

Copy of Memorandum of Association & Articles of Association. (Applicable to Corporate Entity)

Copy of Partnership Deed (Applicable to Partnership Firm).

Board Resolution authorizing the company official to execute all the deeds/operations with the Exchange on behalf of the company .

Letter of Partnership firm (letterhead) authorizing partners execute all the deeds operations with the Exchange on behalf of firm.

Self certified photocopy of PAN card.

Proof of DEMAT Account (Optional)

(Information tendered herein shell be kept confidential unless required by the Exchange, or any statutory body of authority.)

Letter from the Banker certifying the Account Number.)

Resolution of Board Authorizing the Company Official(s) to deal with the Member / Authorization from Partners to deal with Member.

Net Worth Certificate duly certified by a Chartered Accountant.

Copy of Latest Income Tax return.

I)

ii)

iii)

iv)

v)

vi)

vii)

viii)

ix)

i)

ii)

iii)

iv)

v)

vi)

vii)

viii)

ix)

X)

xi)

xii)

xiii)

FOR INDIVIDUALS

FOR NON INDIVIDUALS

PARTICULARS

FORM RECEIPT

CLIENT CODE ISSUED

UCC UPDATION

CLIENT MAPPING

DIET/CLIENT INSTALLATION

WELCOME KIT/MAIL ID

UNIQUE INFORMATION

DATE SIGNATURE


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Trading-cum-Clearing Member of Multi Commodity Exchange of India Ltd., & National Commodity & Derivative Exchange (NCDEX)

Regd. office 2324, Ground Floor, Sector 38C, Chandigarh- 160036, Admn. Off. 11, Sector 22, St. No. 2, Chanderlok Colony,Near Khalsa School

Mandi Gobindgarh DIstt. Fatehgarh Sahib (Punjab), Ph.Trading.: 95921-55646, 95922-55646

Back Office.: 01765-258086, 502844 (Fax) 01765-502844

Web Site : www.paawancommodities.com

FMC Unique Code : MCX/TCM/CORP/1515

FMC Unique Code (NCDEX)

MCX Membership Code : 35515

NCDEX Membership Code : 01014

FMC Unique Code : MCX/TCM/CORP/1515

FMC Unique Code (NCDEX)

MCX Membership Code : 35515

NCDEX Membership Code : 01014

Note : Kindly read the instruction before filling the form

Trading-cum-ClearingMember of Multi CommodityExchange of IndiaLtd. &

&National Commodity &Derivative Exchange (NCDEX)

Regd. office 2324, GroundFloor, Sector 38C, Chandigarh- 160036

Head. Off. 11, Sector22, St. No. 2, ChanderlokColony, NearKhalsa School

Mandi GobindgarhDIstt. FatehgarhSahib (Punjab)

Ph. Trading.: 95921-55646, 95922-55646

BackOffice.: 01765-258086, 502844

Fax.: 01765-502844

Paawan Commodities Pvt. Ltd.

Client Code _______________________________________

Name of Client _____________________________________

For Official Use

CLIENT CODE NAME OF CLIENT

Account Opening FormAccount Opening Form

Web Site : www.paawancommodities.comWeb Site : www.paawancommodities.com

FORM NO.

JaiBholePrinters:94643-64909

BRANCH / FRANCHISEE ASSOCIATE

PAAWAN COMMODITIES PVT. LTD.PAAWAN COMMODITIES PVT. LTD.


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City

Fax

PIN CODE STATE

Mobile

E-mail

COUNTRY

CLIENT REGISTRATION FORM

To


MCX Member ID : 35515

NCDEX Member ID : 01014

Regd. Off : 2324, Ground Floor,Sector-38c,

Chandigarh-160036

Admn Off. 11, Sec -22, St No. 2,

Chanderlok Colony, Mandi Gobindgarh

Distt. Fatehgarh Sahib (Punjab)

Ph.: 01765-502844, 01765-258086

We requested you register us as your client. The details of registration is as under :-

Dear Sir,

If PAN is not available the reason thereof : ________________________________________________________

Whether Declaration as per the format prescribed by the income tax department given? Yes/No

Correspondence Address :

Please affix

recent Passport

Size

Photograph

(Sign Acrossthe Photograph)

(Individual)

Full Name (In Block Letters)

Father's Name (In Block Letters)

Date of Birth (DD/MM/YY)

Gender

Occupation

Net Worth as on (DD/MM/YY)

Nationality

INCOME TAX PAN

cMale cFemale

Income Rs.

Name & Address of Bank

Account No. Date of Account OpeningType of A/c (SB/CU/CC/OD)

Details of Bank Account :

Local Sale Tax Registration No.

Central Sale Tax Registration No.

Validity Date

Validity Date

Sale Tax Registration Details :

Depository ID DP ID Client ID

Depository Account Details :

City

Tel.

PIN CODE STATE

Mobile

E-mail ID

COUNTRY

Residential Address :

Address

cBelow Rs. 1,00,000

cRs. 10,00,000 to 25,00,000

cRs. 100,000 to 5,00,000

cAbove Rs. 25,00,000

cRs. 5,00,000 to 10,00,000

Financial Details of the Client :

Income Range per annual(tick where applicable)

Years in Commoditiesc Years in Other Investment related fieldsc

Investment Trading Experience

Prior Experience

if yes

Address

1

Constitute Profile

Interested in

cProducer

cAgro CommoditiescPrecious MetalscBase MetalscAll Commodities

cTrader cConsumer

cNo cYes


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Details of any action taken by SEBI/FMC/Stock exchange/Commodity exchange/ any other authority :

Details of Registration with other Exchanges or Other Member :

Name of Exchange

Name of Broker Broker Code

The Information furnished above is true to the best of my knowledge and belief. I undertake to inform charges in any of the above

points in writing immediately to the Exchange. I enter into agreement to abide by all the terms and conditions of the Exchange.

References

Introduction : Introduced by another client/director or employee of trading member any other person

(please specify)

Name of Introducer _________________________________________

(Last Name) (Surname) (Middle Name)

Signature of Introducer

Clients Signature

Place :

Date

Please Submit a letter from the banker certifying account number and the period from which this account is in operation Each

client has to use one registration form. In case of joint names / family members please submit separate form for each person.

Original documents may be verified at the time of filing of application. The information given above would be confidential.

However, if the information is required by government agency, it may given to them.

FOR OFFICE PURPOSE

Client Code :

Verified by _________________________________________Authorized by_________________________________

(Name) (Name)

Note :

Each Client will have to use separate form. In the case of Joint names/family members, each client will have to

use separate form for each person separately.

2

Collaterals Declared Value

Haircut

Assigned Value

Cash Marketable Secu. Bank Guarantees Immovable Prop. Jewellery Others (Specify)Collateral Details


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CLIENT REGISTRATION FORM

We requested you register us as your client. The details of registration is as under :-

Dear Sir,

Please affix

recent Passport

Size

Photograph(Sign Across

the Photograph)

(Non-Individual)

Name of the Company/Firm

(in Block Letters)

Constituent Profile

Producer Trader Consumer

City

Tel.

Fax

PIN CODE STATE

Mobile

E-mail

COUNTRY

Details of Office Address:Registered Off. Address

City

Tel.

Fax

PIN CODE STATE

Mobile

E-mail

COUNTRY

Correspondence Address

3

To


MCX Member ID : 35515

NCDEX Member ID : 01014

Regd. Off : 2324, Ground Floor,Sector-38c,Chandigarh-160036

Admn Off. 11, Sec -22, St No. 2,



Ph.: 01765-502844, 01765-258086

If PAN is not available the reason thereof : ________________________________________________________

Whether Declaration as per the format prescribed by the income tax department given? Yes/No

I)

ii)

A) Name of Prompters/ Partners/ Karta and Residential Address (Kindly attach separate list, if needed)

b) Names of the directors and Residential Address (Kindly attach separate list, if needed)

I)

ii)

I)

ii)

c) Names & designation of Persons authorised to deal in Commodities on behalf of the

company/firm/others and there Residential Address (Kindly attach separate list, if needed)

Date of the Commencement of BusinessDate of incorporation

Net worth as on

DD/MM/YYYY Amount Rs.

IT worth as on

PAN

Name & Address of Bank

Account No. Date of Account OpeningType of A/c (SB/CU/CC/OD)

Details of Bank Account :


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FOR OFFICE PURPOSE ( To be completed, signed and authorised by member)

Client Code :

Verified by _________________________________________Authorized by_________________________________(Name) (Name)

Authorized Signatory

Rubber Stamp

Place :

Date :

Authorized Signatory

Rubber Stamp

Place :

Date :

The information furnished above is true to the best of my knowledge and behalf.

I undertake to inform changes in any of the above points in writing immediately to the Exchange.

ReferencesIntroduction : Introduced by another client/director or employee of trading member/any other person

(please specify)

Name of Introducer : __________________________________________

(Surname) (Name) (Middle Name)

Signature

I enter into agreement to abide by all the terms and conditions of Exchange.

cBelow Rs. 1,00,000

cRs. 10,00,000 to 25,00,000

cRs. 100,000 to 5,00,000

cAbove Rs. 25,00,000

cRs. 5,00,000 to 10,00,000

Financial Details of the Client :

Income Range per annual(tick where applicable)

Years in Commodities c Years in Other Investment related fields c

Investment/Trading Experience :

No Prior Experience

Details of any action taken by SEBI/FMC/Stock exchange/Commodity exchange/ any other authority :

Local Sale Tax Registration No.

Central Sale Tax Registration No.

Validity Date

Validity Date

Sale Tax Registration Details :

Name of Exchange

Name of Broker

Details Of Registration With Other Exchanges :

Depository ID DP ID Client ID

Depository Account Details :

4

Collaterals Declared Value

Haircut

Assigned Value

Cash Marketable Secu. Bank Guarantees Immovable Prop. Jewellery Others (Specify)Collateral Details

Constitute Profile

Interested in

cProducer

cAgro CommoditiescPrecious MetalscBase MetalscAll Commodities

cTrader cConsumer


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This agreement is made at_______________________(on this_____________ day of_________________20______)By and between, PAAWAN COMMODITIES

PVT.LTD., a company duly formed and registered under the Companies Act. 1956- hereinafter called MEMBER OF THE EXCHANGE, having its registered office at

2324, Ground Floor, Sec.38-C, Chandigarh and__________________________________________________________________________________________

an individual/ corporate/partnership/HUF hereinafter called CLIENT, having his/her office/residential address at_________________________________________

_______________________________________________________________________________________________________________________________

WITNESSTH :

Whereas the member is registered as MEMBER OF EXCHANGE OF MULTI COMMODITY EXCHANGE of INDIA (hereinafter called MCX). Whereas the CLIENT is

desirous of trading in those contracts admitted for dealing on MCX as defined in the Bye - Laws, Rules of MCX

Whereas the Client has satisfied itself to the capability of the MEMBER OF THE EXCHANGE to deal in those contracts admitted for dealing on MCX and wishes to

execute his orders through him and the CLIENT shall continue to satisfy himself of such capability of the MEMBER OF THE EXCHANGE before

executing any order through him.

Whereas the MEMBER OF THE EXCHANGE has satisfied and shall continuously satisfy himself about the genuineness and financial soundness of the Client and

trading objectives relevant to the services to be Provided.

Whereas the MEMBER OF THE EXCHANGE has taken steps and shall take steps to make CLIENT aware of the precise nature of the MEMBER liability for business

to be conducted, including any limitations on the capacity in which its acts. In consideration of your handling derivatives transactions carried out on the MCX, I agree

that :

1) I have read the Risks Disclosure Document appended hereto and understand the trading and risks involved in the trading these instruments and I am

fully responsible of my dealings in these instruments.

2) I shall be bound by the Bye-Laws, Rules, Business Rules and Customs of MULTI COMMODITY EXCHANGE OF INDIA LIMITED and the Clearing

House of Exchange.

3) I shall deposit with you monies, Warehouse Receipts or the property which may be required and/ or maintain my account or maintain my position

4) I shall not acting alone or in concert with others, directory or indirectly, hold and control excess number of permitted futures contracts as fixed form time to

time by the Exchange.

5) I shall not exercise a long or short position where, acting alone or in concert with others, directly or indirectly I will have exercised in excess of the

number of permitted futures contracts as may be fixed form time to time by the Exchange.

6) All monies, Warehouse Receipts or other property, which you may hold on my account shall be held subject to a general hen for the discharge of my

obligations to you under this agreement.

7) I hereby authorize you at your discretion, should you deem it necessary for your protection to buy, sell or close out any part or all of the derivative

contracts held in my account with you, I will reimburse any or all such incidental expenses incurred by you.

Now, THEREFORE, in consideration of the mutual understanding as set forth in this agreement, the parties thereto have agree to the terms and conditions as follows :

1. The agreement entered into between the Trading Member and the CLIENT shall stand terminated by mutual consent of the parties by giving at least one

month notice to each other, Such termination shall not have any effect on the transaction executed before the date of notice of termination and the

parties shall enjoy same rights and shall have same obligations in respect of such transactions.2. In the events of the death or insolvency of the CLIENT or his otherwise becoming incapable of receiving and paying for or delivering or transferring

Commodities which the CLIENT has ordered to be bought or sold, the Member with the approval of the Exchange, close out the transaction of the

CLIENT and the CLIENTS or this legal representative shall be liable for any losses, costs and be entitled to any surplus which may result there from.

3. All trades transactions and contracts are subject to the Rules, Bye - Laws and Business of the Exchange and shall be deemed to be and shall take effect

as wholly made, entered into the performed in the city of MUMBAI for the purpose of giving effect to the provisions of the Rules, Bye-Laws and

Business Rules of the Exchange.

In WITNESS THEREOF the parties to agreement have cause these presents to be executed as of the day and year first above written.

THE Member

By

Signature

Title

Witness

:

:

:

:

:


MEMBER CLIENT AGREEMENT-MCX

5

SIGNED for and behalf of

THE Constituent (Client)

By

Signature

Title

Witness

:

:

:


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RISK DISCLOSURE DOCUMENT-MCX

(Business Rule 27 [c])

THIS DOCUMENT SHOULD BE READ BY EACH AND EVERY PROSPECTIVE CONSTITUTE/ CLIENT BEFORE ENTERING INTO COMMODITY FUTURESCONTRACTS/ DERIVATIVES MARKET/ TRADING AND SHOULD BE READ IN CONJUNCTION WITH CLIENTS'/ CONSTITUENTS'/ INVESTORS' RIGHTS &OBLIGATION, BYE LAWS, RULES AND BUSINESS RULES OF THE MULTI COMMODITY EXCHANGE OF INDIA LTD. (MCX).MCX /Forward Markets Commission (FMC) does not singly or jointly, expressly or implied Ly, guarantee nor make any representation concerning the completeness, the

adequacy or accuracy of this disclosure documents nor has MCX / FMC endorsed or passed any merits of participating in the Commodity Derivatives market/trading. thisbrief statement does not disclose all of the risks and other significant aspects of trading. You should, therefore, study derivatives trading carefully before becominginvolved in it.

In the tight of the risks involved, you should undertake transaction only if you understand the nature of the contractual relationship into which you are entering and theextent of your exposure to risk.You must know and appreciate that investment in commodity futures contracts/ derivatives or other instruments traded on the Commodity Exchange (s), which have

verying element of risk, is generally not an appropriate avenue for someone of limited resources/ limited investment and / or trading experience and low risk toterance. youshould , therefore, carefully consider whether such trading ism suitable for you in the light of your financial conditions. in case, you trade on MCX and suffer adverse consequences or loss, you shalt be solely responsible for the same and MCX its clearing house and / or Forward Markets commission shalt not responsible, in any mannerwhatsoever, for the same and it will not be open for you to take the plea that no adequate disclosure regarding the risks involved was made or that you were not explainedthe full risk involved by the concerned member. The Constituent / Client shall be solely responsible for the consequences and no contract can be rescinded on thataccount..You must acknowledge and accept that there can be no guarantee of profits or no exception from losses while executing order for purchase and / or sale of a commodityderivatives being traded on MCX.

It must be clearly understood by you that your dealing on MCX through a member shall be subject to you fulfilling certain formalities set out by the member, which may,inter alia, include your filing the know your client, client registration for, execution of an agreement etc. and are subject to Rules, Bylaws and Business Rules of the MCXand its Clearing Corporation /Ctearing House, guidelines prescribed by FMC from time to time and circulars as may be issued by MCX or its Clearing Corporation/ Ctearing House from time to time..MCX does not provide or purport to provide any advice and shall not be liable to any person who enters into any business relationship with any member ofthe MCX and/ orthird party based on any information contained in this document. Any information contained in this document must not be construct as business advice/ investment adviceNo consideration to trade should be made without thoroughly understanding and the risks involved in such trading. if you are unsure, you must seek professional adviceon the some.

In considering whether to trade or authorize someone to trade for you, you should be aware of or must get acquainted with the following ;-

Basic Risks involved in the trading of commodity Futures Contracts and other Commodity Derivatives Instruments on Multi Commodity Exchange (MCX).Risk of Higher VolatilityVolatility refer to dynamic change in price that commodity derivative contract undergo when trading activity continues on the commodity Exchange. Generally; higherthe volatility of a commodity derivatives contract, greater is its price swing . There may be normally greater volatility in thinly traded commodity derivatives contracts

than in actively traded / contract . As a result of volatility, your order may only be partially executed or not executed at a [[, or the price at which your order got executedmay be substantially different from the last traded price or change substantially thereafter, resulting in Losses.

Risk of Lower LiquidityLiquidity refers to the ability of market participants to buy and/ or sell commodity derivative contracts expeditiously at s competitive price and with minimal pricedifference. Generally, it is assumed that more the number of order available in a market, greater is the liquidity. Liquidity is impodent because with greater liquidity, it iseasier for investors to buy and / or sell commodity derivatives contracts swiftly and with minimal price difference and as a result, investors are more likely to pay orreceive a competitive contract. As a result, your order may only be partially executed, or may be executed with relatively greater price difference or may not beexecuted at all.Buying / Selling without intention of giving and / or taking delivery of certian commodity may also result into losses, because in such a situation, commodity derivativecontracts may have to be squared- off at low / high price, compared to the expected price Levels, so as not to have any obligation to deliver/ receive such a commodity.

Risk of Wider SpreadsSpread refers to the difference in best buy price and best sell price. It represents the differential between the price of buying a commodity derivative and immediatelyselling it or vice versa. Lower liquidity and higher volatility may result in wider than normal spreads for less liquid or illiquid commodity derivatives contracts. This inturn with hamper better price formation.

Risk- reducing orders

Most of the Exchange have a facility for investors to place 'limit orders', "stop loss orders' etc. Placing of such orders (e,g,"stop loss' order or 'limit' orders ) which areintended to limit Losses to certain amounts may not be effective many a time because rapid movement in market conditions may make it impossible to execute suchorders.

A "market " order will be executed promptly, subject to availability of orders on opposite side. without regard to price and that while the customer may receive a promptexecution of a ' market * orders, the execution may be at available prices of outstanding orders, which satisfy the order quantity, on price time priority, It may beunderstood that these prices may be significantly different from the last traded price or the best price in that commodity derivatives contract.

A"limit" order will be executed only at the 'limit" price specified for the order or better price. However, white the constituent/ client received price protection, there is apossibility that the order may not be executed at all.

A stop Loss order is generally placed "away" from the current price of a commodity derivatives contract, and such order gets activated if and when the contractreaches, or trades through, the stop price. sell stop orders are entered ordinarily below the current price and buy stop orders are entered ordinarily above the currentprice, When the contract aproaches pre - determined price, or trades though such price, the stop tops order converts to a market / limit order and is executed at theLimit or better, There is no assur an therefore that the limit order will be executable since a contract might penetrate the pre- determined price, in which case, the risk ofsuch order not getting executed arises, just as with a regular limit order.

1.

1.ii)

2.a)

b)

3)a)

4.

b)

b)

c)

d)

6


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Risk of News AnnouncementsTraders/Manufacturers make news announcements that may impact the price of the commodities and / or commodity derivatives contracts. These announcements mayoccur during trading and when combined with tower liquidity and higher volatility may suddenly cause an unexpected positive or negative movement in the price ofcommodity / commodity derivatives contract.

Risk of RumoursRumours about the price of a commodity at times float in the market though word of mouth, newspaper, website or news agencies, etc , the investors should be wary ofand should desist from acting on rumours.

System RiskHigh volume trading will frequently occur at the market opening and before market close. such high volume may also occur at any point in the day. These may cause

delays in order execution or confirmation.

During periods of volatility, on account of market participants continuously modifying their order quantity or prices or placing fresh order there may be delays inexaction of order and its confirmation.

Under centain market conditions, it may be difficult or impossible to liquidate a position in the market at a reasonable price or at all, the when there are no outstandingorders either on the buy side or the sell side, or trading is hatted in a commodity due to any action on account of unusual trading activity or price hitting circuit fitters orfor any other reason.

System Network CongestionTrading on MCX is in electronic mode, based on satellite/ Leased Line communications of technologies and computer system to place and route orders Thus, thereexists a possibility of communication failure or system problems or slow or delayed response from system or any such other problem/ where by not being abletcestablish access to the trading system/ network, which may be beyond the control of and may result in delay in processing or not processing buy unexecuted orders,these represent a rick because of your obligations to settle all executed transaction.

As far as Futures Commodity Derivatives are concerned, please not and get yourself acquainted with the following additional features:Effect of ' Leverage' or ' Gearing':

The amount of margin is small relative to the commodity derivatives contact so the transaction are 'leveraged' or geared' commodity Derivatives trading, which isconducted with a relatively small amount of margin, provides the possibility of great profit or loss in comparison with the principal investment amount. But transaction incommodity derivatives carry a high degree of risk. you should therefore completely understand the following statement before actually trading in commodity derivativescontracts and also trade with caution white taking into account one's circumstances, financial resources etc.

Trading in Futures Commodity Derivatives involves daily settlement of all positions. Every day the open positions are marked to market based on the closing price, Ifthe closing price has moved against you, you will be required to deposit the amount of loss (notional) resulting from such movement. This margin wilt have to be paidwithin a stipulated time frame, generally before commencement of trading on the next day.

If you fail to deposit the additional margin by the dealine or if an outstanding debt occurs in your account, the Member of the Exchange may liquidate square-up a part ofor the whole position, In this case, you will be Liable for any losses incurred due to such square- up/ Close Outs.

Under certain market conditions, an Investor may find it difficult or impossible to execute the transaction for example, this situation can occur due to factors such asilliquidity i.e . when there are insufficient bids or offers or suspension of trading due to price Limit or circuit breakers etc.

steps, such as, changes in the margin rate, increase in the case margin rate etc. may be adopted in order to maintain market stability. These new measures may beapplied to the existing open interests. In such conditions, you wit[ be required to put up additional margins or reduce your positions.

You must ask your Member of the Exchange to provide the full details of the commodity derivatives contracts you plan to trade i .e. the contract specifications and theassociated obligations.

GeneralDeposited familiarize yourself with the protections accorded to the money or other property you deposit particularly in the event of firm become insolvent or bankrupt.The extent to which you may recover your money or property may be governed by specific Legislation or Local rules. in case of any dispute with the Member of theExchange, the same shalt be subject to arbitration as per Rules, Bye- Laws and Business Rules of the Exchange.Commission and other change:Before you being begin to trade, you should obtain a clear explanation of all commission, fees and other charges for which you will be liable. These change wilt affectyour net profit( if any) or increase your Loss.

For rights and obligations of the clients, please refer to Appendix 1 enclosed with this document .

The term Constituent shalt mean include a Client, a Customer or an Investor, who deal with a member for the purpose for trading in the commodity derivatives throughthe mechanism provided by the MCX.

The terms 'member shalt mean and include a Trading Member or a Broker who has been admitted as such by MCX and got a unique Member code from FMC. I herebyknowledge that i have received and understood disclosure statement and Appendix 1 containing my rights and obligations.

Client Signatures

(If partner, corporate, or other Signatory, than attested with firm company seat)

Date : (dd/mm/yy)

5.a)

6.a)

7.a)

b)

c)

8.a)

2.

a)

b)

c)

d)

e)

f)

1)

2)

3)

4)

5)

7


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INVESTORS RIGHTS AND OBLIGATION

You Should familiarize yourself with the protection accorded to the money or other property you may deposit with your member, particularly in the event of a default

in the commodity derivatives market or the member becomes insolvent in bankrupt.

Please ensure that you have a documentary proof of having made the deposit of such money of property with the member, stating towards which account such

money or property deposited.

Before you begin to trade, you should obtain a clear idea from your member of all brokerage, commissions, fees and other charge which will be Levied on you for

trading. These charges will affect your net cash in flow or out flow.

Furnish all such detail in full as required by the members as required in "Know your Clients Form, which may also include details of PAN or Passport Driving Licence

or voter ID, Ration card, bank account and depository account, or any such details made mandatory by the Exchange at any time, as is available with the investor.

Execute a Member-Client agreement in the form prescribed by the Exchange.

Ensure that a contract note is issued to you by the member in the prescribed format which contains the details of transaction(s). Verify that the contract note contains

details of order number, trade time , trade price, trade quantity, and client code allotted to you and showing the brokerage separately. Contract notes are required to

be issued by the member to the investors within 24 hours from the close date of trade is executed. Member may also issue digitally signed contract note in electronic

from at your request subject to the compliance of the all provision of IT Act, 2000 or in hard copy.

Facility of trade verification is available on the MCX website (www.mcxindia.com) where the details of trade as mentioned in the contract note may be verified up to

seven days from the date of execution of the trade.

Ensure that payment / delivery of warehouse receipts is given well in advance to the member prior to the date of pay-in announced by the Exchange or its Clearing

Corporation /Clearing House. Payment should be made only by account payee cheque in favor of the member and receipt or acknowledgment towards what such

payment is made and receipt/ acknowledgment for warehouse receipts delivered to the member, be obtained from the member. Delivery of warehouse receipts in

pay-out announced by Exchange or its Clearing House/ Clearing Corporation, please follow-up with the concerned member for its release. In case pay-out is not

released as above from the member within five working days, ensure that you Lodge a complaint immediately with the Investors Grievances Division of the MCX.

Every member is required to send a complete periodical 'Statement fo Accounts', for both funds and commodities settlement to each of his/her/its clients, at such

period as may be prescribed from time to time. You should reports errors, if any, in the Statement immediately but not Later than 30 calendar days of receipt thereof,

to the member. In case, the error is not rectified or there is a dispute, ensure that you refer such matter to the investor Grievances of the MCX without delay.

In case of a complaint against Member, you should address the complaint to the office as may be specified by the MCX from time to time.

In case, where a member surrenders his/her/its membership, Member gives a public notice inviting claims, if any, from investors. In case of a claim relating to

"transactions executed on the trading system of the MCX, ensure that you lodge a claim with MCX or its Clearing Corporation/ Clearing House with the stipulated

period and with the supporting documents.

In case where a member is declared a defaulter or expelled from membership , MCX gives a public notice inviting claims, if any, from investors's.

in case of a claim, relating to transaction executed on the trading system of the MCX, ensure that you Logde a claim with MCX within the stipulated

period and with the supporting documents.

Claim against a Defaulter/ Expelled Member found to be valid as per the prescribed relevant Rules/Bye-laws of the Exchange and Guidelines of the Investors'

Protection Fund (IPF), the Relevant Authority -of the Exchange/Commitee will disburse the amount of compensation from the IPF to the extent of maximum amount

fixed by the Exchange from the Exchange or the actual claim amount, whichever tower . The balance claim amount if any shall be paid on pro-data basis out the

amounts realized by the Exchange from the assets vested with the relevant authority/ Committee of the Exchange, if the amount realized from the assets in

inadequate.

In case of any claim, difference or dispute between you and member arising out of in relation to trades, contracts and transaction, the same shall be taken-up with

the Member directly for conciliation with or without intervention of the Exchange. if he said claim, difference or dispute persists, you may refer the same to arbitration

in accordance with the provisions of the Rues, Bye-laws and Business Rules of the Exchange within 6 months from the date of Last transaction delivery or payment

effected between you and the member.

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2 .

3 .

4 .

5 .

6 .

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8 .

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10.

11.

12.

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MEMBER AND CONSTITUENT AGREEMENT-NCDEX

trust/individual co-operative society or any other body duly formed and registered under the companies Act 1956, having Its registered office address at ground floor2324,sector 38C CHANDIGARH-160036 (hereinafter called MEMBER), and _______________________________________________, a company / trust /firm /ndividual or any other body duly formed and registered under the company act or any other relevant act, having its registered office/Residential address at____________________________________________________ _______________________________________________________ (hereinafter called

CONSTITUENT) WITNESS TO: Whereas the member is registered as TRADING AND CLEARING MEMBER (Member) of NATIONAL COMMODITY AND DERIVATIVESEXCHANGE (hereinafter called NCDEX or the Exchange). Whereas the CONSTITUENT is desirous of investing/trading in those contracts admitted for dealing on NCDEX asdefined in the bye-Laws of NCDEX. Whereas the CONSTITUENT has satisfied it self of the capability of the MEMBER to deal in those contracts admitted for dealingon NCDEX and wishes to execute his orders through him and the Constituent shall continue to satisfy himself of such capability of the MEMBER before executing anyorders through him. Whereas the MEMBER has taken steps and shall take steps to make the CONSTITUENT aware of the precise nature of the MEMBER liability forbusiness to be conducted, including any limitations on that liability and the capacity in which it acts. In consideration of the member agreeing to handle the transactionNCDEX on my/our behalf, I / We, the Constituent hereby agree that1) I / We read the Risk Disclosure Document appended hereto and understand the trading & risks involved in the trading of these instruments and am/are fully

responsible for my/our dealings in these instruments.2) I / We shall be bound by the constitutions, bye laws, rules, regulations, and customs of NCDEX3) I / We shall deposit with you monies, securities or other property, which may the required to open and/or maintain my/our account.

4) I / We shall not, either acting alone or in concert with others, directly or indirectly, hold and control excess number of permitted contracts as fixed from time totime by the Exchange.

5) I / We shall not exercise a long of short position where, acting alone or in concert with others, directly or indirectly I / We will have exercised in excess of the limitof permitted contracts as may be fixed from time to time by the Exchange.

6) All monies, securities or other property, which you may hold on my / our account, shall be subject to a general lien for the discharge of my / our obligations toyou under this agreement.

7) I / We hereby authorize you, should. you deem it necessary for your protection to buy, sell or close out any part or all of the contracts held in my / our accountwith you. I / We will reimburse any or all such incidental expense incurred by you. Now, THEREFORE, inconsideration of the mutual understanding as set forth in thisagreement, the parties hereto have agreed ti the terms and conditions, as follows:

1. The agreement entered into between the Member and the Constituent shall stand terminated by mutual consent of the parties by giving at least one-monthnotice to each other. Such termination shall not have any effect on the transactions executed till the date of termination and the parties shall enjoy same rights andshall have same obligations in respect of such transactions.

2. In the event of the death or insolvency of the Constituent or his otherwise becoming incapable of receiving and paying for or delivering or transferringcommodities which the Constituent has ordered to be bought or sold, the Member may with the approval of the Exchange, close out the transaction of theConstituent and the Constituent or his legal representative shall be liable for any losses, costs, damages including statutory / regulatory charges, if any and beentitled to any surplus which may result there from.

3. All trades, transactions and contracts are subject to the Rules, Bye-Laws and Regulations of the Exchange and shall be deemed to be and shall take effect as wholly made, entered into and to be performed for the purpose of giving effect to the provisions of the Rules, Bye-Laws and Regulations of the Exchange.

4. The Member hereby undertakes to maintain the details of the Constituent as mentioned in the Constituent registration form or any other information pertaining tothe Constituent, in confidence and that he shall not disclose the same to any person / entity except as required by the Exchange or as required under the law ;Provided however that the Member shall be allowed to share the details of the Constituent as mention in the Constituent registration form or any otherinformation pertaining to the constituent with parties / entities other than required under law with the express permission of the Constituent.

5. Provisions in case of Default: In the event of a default of a Member on his own account, the Constituents money shall not be utilized to meet the Members liabilitiesIn such case, the Constituents positions shall be either transferred to another solvent member or closed-out as per the provisions of the Rules, Bye laws andRegulations of the Exchange. The loss, if any, caused to the Constituent because of such action would be recoverable by the Constituent from the Member in theevent of failure of the Constituent to fulfill his obligations to the Member, the Exchange or the Clearing House, the Constituents position may be closed out and themoney, if any, of the constituent available with the Member or with any other Member or the Exchange, may be adjusted against the Constituents liabilities /obligations. The Professional Clearing Member (PCM), if opted by the Constituent to settle his trades, shall confirm all trades executed has PCM trades on the daythe order is executed. In the event of non confirmation and / or rejection of the trade by such PCM, the Constituent shall be liable to pay forth with the applicablemargin as enunciated by the Member on the same day.

6. Collateral: The Constituent shall pay to the Member such amount as an initial deposit(collateral/ initial deposit) as decided by the Member, and in such form as maybe approved by the Member up-front, on or before creating a position in any contract. The Member shall reserve the mark up margin (commonly referred to ashaircut margin) from the collateral, which shall not be utilized for margin requirements. The Collateral reduced by markup / haircut margin shall there after be utilizedagainst creating and maintaining the position by the Constituent. The mark up margin shall be subject to the change from time to time as may be decided by theMember and / or the exchange.

7. Utilization by Member of the Initial deposit by the Constituent: the initial deposit so paid shall be first utilized to wards initial margin requirement has calculated by theExchange from time to time and the balance if any, after such adjustment against initial margin payments, will be available for adjustment against daily marginrequirement, Mark to Market (MTM) loss on open positions created by the Constituent. The Constituent shall forward in advance a written request to the Member foradjustment MTM loss against the cash portion of the collateral.

8. Payment of Margins: The daily margin requirement can be adjusted against the collateral maintained by the Constituent with the Member . The Member shallaccept from the Constituent further order, which, if executed, will add to the open positions, only if the balance collateral is adequate to meet the initial margin onsuch new positions. if the balance collateral is not adequate for adjusting the daily margin requirement, the Constituent shall deposit the additional margins asrequired by the Member. The Constituent shall also be obliged to pay the short fall of the daily margin, if any, on the immediate succeeding business day when theMember raiser such additional margin requirement. The Constituent shall not be permitted to create any new open positions, until receipt of such additional margin.If the Constituent defaults in paying the daily margin, the Member shall be entitled to liquidate / close out all or any of the Constituents positions, without prejudice tothe Members right to refer the matter to arbitration. Any and all losses and financial charges on account of such liquidation / closing out shall be charged to andborne by the Constituent. The Member is permitted in its sole and absolute discretion to impose additional margin (even though not imposed by the Exchanges, theClearing Corporation / Clearing House) and the Constituent shall be obliged to fulfill such additional margin requirements.

9 . Receipts & Payment of Premium MTM : The Member will block up-front from the collateral maintained with it the MTM loss open positions. The Member shallaccept from the Constituent further order, which, if executed, will add to the open positions, only if the balance collateral is sufficient to meet the requisite margin onsuch new positions. The Constituent shall be obliged to pay the amount of MTM loss blocked against the collateral on the immediate succeeding business day.The Member will adjust the Constituents liability towards MTM loss against the initial deposit maintained in cash by the Constituent, provided a written request is

This agreement is made at _______________on this day ______of ____________, 20___ by and between PAAWAN COMMODITIES PRIVATE LIMITED a company/firm/

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In WITNESS THERE OF, the parties to agreement have caused these presents to be executed asof the day and year first above written.

SIGNED for and on behalf SIGNED for and on behalf of

The Member Paawan Commodities Pvt. Ltd. THE Constituent:

By By

Signature Signature

Title Title

Witness Witness

given by the Constituent to the Member to this effect. If the Constituent defaults in paying in the MTM loss, the Member shall be entitled to liquidate / close out allor any of the Constituents positions, without prejudice to the Members right to refer the matter to arbitration. Any and all losses and financial charges on accountsuch liquidation / closing out shall be charged to and borne by the Constituent. On a written request from the Constituent, MTM profit (on derivative positions)shall be adjusted towards the collateral maintained with the Member. These adjustments pertaining to MTM profit shall be treated as additional collateral brought inby the Constituent and the Member shall reserve the mark up margin from this collateral, which shall not be utilized for margin requirements. The total collateral(inclusive of mark to market inflows) reduced by markup shall thereafter be utilized against creating and maintaining the positionby the Constituent.

10. If the complete recovery is not possible then, the Member shall be entitled to liquidate / close out all or any of the Constituents other outstanding positions, without

prejudice to the Members right to recover the damage from the Constituent. Any and all losses and financial charges on account of such liquidation / closing outshall be charged to and borne by the Constituent.11. The Constituent acknowledges that all contracts culminating in delivery (which are not squared off and information for giving and taking delivery is given by the

Constituents) would be transactions for purchase and sales between the Constituents inter-se and the Constituents would be personally liable to each other thoughthe contract and relationships are governed and regulated by the Bye Laws, Rules and Regulations of the Exchange.

12. The Exchange may cancel a trade suo-moto without giving any reason there of. In the event of such cancellation, MEMBER shall be entitled to cancel relativecontract (s) with CONSTITUENT.

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

14 Trade Obligations: The Constituent shall accept all trades executed, resulting from the orders placed with the Member, irrespective of the fact that the order isexecuted partially or in full, on the Exchange. In the event of non-confirmation of custodial trades by PCM for any reason what soever, all exchange-leviedmargins, MTM losses (on open position), will be borne by the member for the unconfirmed trades. In such case, the Constituent shall pay to the Member, allmargins levied by the Exchange on the unconfirmed trades. In addition to the above, the Member shall have an option to call for collateral from theConstituent, to meet the subsequent daily margin obligation / MTM losses on the unconfirmed trades. The Constituent shall be obliged to pay the dailymargin, MTM on the immediate succeedingbusiness day, of the day when the Member raises such margin requirement. The Member shall not permit the Constituent to create any new open positions,until receipt of such additional margin requirement. if the Constituent defaults in paying the daily margin, MTM if any, the Member shall be entitled to liquidate /

close out all or any of the Constituents positions, without prejudice to the Members right to refer the matter to arbitration. Any and all losses and financial chargeson account of such liquidation / closing out shall be charged to and borne by the Constituent.

15. Deliveries: The Constituent will be responsible for providing information for the purposes of giving / taking delivery against his Net Open Position along-withinformation necessary for giving / taking delivery within stipulated period as specified by the Exchange from time to time. Member shall submit the same to theExchange. The Exchange at the end of stipulated period shall match the information provided by the Member against Net Open Position of the Constituent andshall confirm the Delivery / Receipt to be effected against delivery information submitted by the Member. Constituent shall co-ordinate with the Member to ensurethat all requirements for giving / taking delivery are fulfilled. Constituent shall also insure to comply with all statutory requirements laid down regardingsale/Purchase of goods including payment of taxes, local levies and other statutory / regulatory charges as prescribed under applicable laws from time to time.Constituent shall submit documents such as Invoices , Sales Tax exemption or concession forms or any other documents as required under the prevalent lawsand forward the same to the Counter-party other Member of the Exchange within stipulated period as specified by the Exchange form time t o time. Constituentshall be liable to pay sales tax under the local State sales tax law or the Central Sales Tax Act, 1956, as the case may be and will be solely responsible forcomplying with all the provisions and regulation of the applicable sale tax law.

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(THIS DOCUMENT SHOULD BE READ BY EACH EVERY PROSPECTIVE CONSTITUTE BEFORE ENTERING INTO DERIVATIVE TRADING AND SHOULD BEREAD IN CONJUNCTION WITH REGULATIONS OF NATIONAL COMMODITY & DERIVATIVE EXCHANGE (NCDEX)

NCDEX has not passed the merits of participating in this trading segment has NCDEX adequacy or accuracy of this disclosure document. This brief statementdoes not disclose all of the risks and other , you should undertake such transaction only if you understand the nature of the contracts (and contractual relationships) into witch

you are entering and the extent of your exposure to risk, Risk of loss in trading in derivatives can be substantial. You should carefully consider whether trading is appropriatefor you in light of your experience, objectives, financial resources and other but also the financial relevant circumstances. Derivatives trading thus require not only thefinancial and emotional temperament. In case of any consequences or loss in the Futures segment, the Constituent shall be safety responsibility for such loss and theExchange shall not be responsible for the same and it will not be open for any client to take the plea that no adequate disclosure was made or he was not expatiated the fullrisk involved by the member. The client will not be solely responsible for the consequences and no contract can be rescinded on that account.RISKS INVOLVED IN TRADING IN DERIVATIVES CONTRACTS

Effect of Leverage or GearingThe amount of margin is small relative to the value of the derivatives contract so the transactions are Leveraged of gearedDerivatives trading, which is conducted with a relatively small amount of margin, provides the possibility of great profit or loss in comparison with the principal investmentamount. But transaction in derivatives carry high degree of risk.You should therefore completely understand the following statement before actually trading in derivatives and also trade with caution while taking into account onescircumstances, financial resources, etc., If the price move against you, you may loss a part of whole margin equivalent to the principal investment amount in a relatively shortperiod of time, Moreover, the loss may exceed the original margin amount.1. Futures trading involves daily settlement of all position. Every day open position are marked to market based on the Settlement price. If the settlement price has

moved against you, you will not be require to deposit the amount of loss (notional) resulting from such movement. This margin will have to paid within a stipulatedtime frame, generally before commencement of trading next day.

2. If you fail to deposit the additional margin by the deadline or if an outstanding debt occurs in your account, the broker/member any liquidate a part of or the whole

position, In the case, you will be liable for any losses incurred due to such closeouts.3. Under certain market conditions, an investors may find it difficult or impossible to execute transactions. For example, this situation can occur due to factors such

as illiquidity i.e. When there insufficient bids or offers or suspension of trading due to price limit or circuit breakers etc.4. In order to maintain market stability, the following steps may be adopted: changes in the margin rate, increases in the cash margin rate or others. These new

measure may be applied to the exiting open interests. In such conditions, you will be require to put up additional margins or reduce your positions.5. You must ask your broker to provide the full details of the derivatives contracts you plan to trade i.e. The contract specifications and the associated obligations.

Risk-reducing orders or strategiesThe placing of certain orders (e.g., Stop-loss orders, or stop limit orders), which are intended to limit losses to certain amounts, may not be effective because

market it limit losses to certain amounts, may not be effective because market conditions may make it impossible to execute such orders. Strategies using combinations ofpositions, such as spread positions, may be risky as taking simple long short positions.Suspension or restriction trading and pricing relationships

Market conditions (e.g., illiquidity) and/or the operation of the rules of certain markets (e.g., the suspension of trading in any contract or contract month because of price limits

or circuit breakers may increase the risk of loss due to inability to liquidate/offset positions.

Deposit cash and property

you should familiarize yourself with the protections accorded to the money or other property you deposit particularly in the event of a firm insolvency or bankruptcy. the extent

to which you may recover your money or property may be governed by specific legislation or local rules. In some jurisdictions, property that has been specifically identifiableas your own will be pro-rated in the same manner as cash for purpose of distributers in the event of a shortfall. In case of any dispute with the member, the same shall be

subject to arbitration as per the bylaws / regulations of the Exchange.

Commission and other charges

Before you begin to trade, you should obtain a clear explanation of all commission, fees and other charges for which you will be liable. These charges will affect your net profit

(if any) or increase your loss.

Trading facilities

The Exchange offers electronic trading facilities, which are computer-based systems for order routing, execution, matching, registration or clearing of trades. As with all

facilities and systems, they are vulnerable to temporary disruption or failure. your ability to record retain losses may be subject to limits on liability imposed by the system

provider, the market, the clearinghouse and / or member firms. Such may vary: you should ask the firm with which you deal for details in this respect.This document does not

disclose all of the risks and other significant aspects involved in trading on a derivative market. The Constituent should study derivatives trading carefully before becoming

involved in it.

I hereby acknowledge that I have received and understood this risk disclosure statement.

______________________

Customer Signatures

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

____/____/_________

DD-MM-YYYY

Risk Disclosure Document-NCDEX

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LETTER FOR STANDING INSTRUCTION

ToPaawan Commodities Pvt. Ltd.

2324, Ground Floor, Sector-38c,

Chandigarh-160036

I/we have been/shall be dealing with you as Client on Derivative market and/or Commodities Futures Segment. I/we direct and authorize you

to carry out trading / dealing on my/ our behalf as per instruction givenbelow. Please treat these instruction as written ratification of my / our

verbal direction/ authorization given and carried out by you earlier.

Since you are issuing contract notes bearing code numbers and trade numbers on daily basis, please do not issue the order/trade

confirmation slips as generated form the Trading Terminal.

1 am/ we are aware that you are required to issue payments due to me / us as per the payout from the exchange. In order to facilitate

operation, I/we hereby authorize you to maintain running accounts with you, to debit my / our running account for the margin / fundspayable by me / us, to include any/ all the pay out of funds toward margin and / or toward pay in obligations and / or towards funds payable by

me /us, without any specific authorization on pay out to pay basis and to release the funds (if any) due to me/us on my / special or exemplary

damages, causes by retention of such securities / funds under this agreement or other wise.

Pledge / deposit my / our securities & or funds whether deposits as collateral / margin or permitted by us to be retained in the running

account etc. by you with any bank or any other institute including but not limited to the Exchange(s) / Clearing / Corporation / Clearing

House for the purpose of raising funds, bank guarantees and FDR etc. or towards Margin/ Collateral as also to meet shortfall in my /our

funds/ pay in obligation / or assignment of contracts or any other liability arising out of my / our dealings with you /through you. I/ we

authorized you to all acts , deeds and things, as may be necessary and expedient for placing such securities with the exchange / banks /

institutions as margin. you are further authorized to sell/ liquidate these securities / FDRs at the time and manner of your choice, as and

when deemed fit by you in your absolute discretion to meet any shortfalls in my / our accounts or any other liability of mine/ ours without any

reference to me/ us.

I/we hereby authorize you to sell off a part or whole of the margin (i. e. by the way of appropriation of the relevant amount of cash or by

sale transfer of all or some of the securities which form part of this margin), against any of my/ our dues or against the dues of a member of

my/ our "Family" (for the purpose of this agreement "Family" shall hereinafter mean all the individuals, relatives, group our family to meet

any of their respective obligations under these terms

I/we agree that you shall entertain any loss due erroneous order entry/ erroneous order modifications only to the extent of insurance

received.

I/we hereby authorize you to debit charges of the advisory service, to my/ our trading account (if any).

I/we agree that any amount overdue from me / us shall be adjusted by you from dues owed to me /us by any of your group or associate

company. conversely, any money owed by any of your group or associate company to tell me / us shall offset against the dues owed by youto me/ us.

1.

2.

3.

4.

5.

6.

7.

Please treat this authorization as a written ratification of my/ our verbal directions/ authorizations given and carried out by you earlier. I/ we

agree to indemnify you and keep you indemnified against all losses, damages and actions which you suffer of face as a consequence of

adhering to and carrying out my / our directions given above.

Thanking You,

Yours faithfully,

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

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

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ORDER INSTRUCTIONS


11, Sec -22, St No. 2,



Ph.: 01765-502844, 01765-258086

I/we have been/shall be dealing through you as Client or through your franchisee as his/her Client on future market or Derivative Market in

Multi Commodity Exchange of India Ltd.

I/we understand that you require written instruction for receiving/modifying/canceling / punching orders. However , since it is not practical to

give written instructions for the same, I hereby authorize you to kindly accept my/ our authorised representatives' verbal instructions/orders in

person or over phone and execute for every order the same. I/we understand the risk associated with verbal orders and accept the same, and

agree that I/we shall not be entitled to disown orders under the plea that same were not under mine/our instruction.

Please treat this authorization as written ratification of my/ our verbal directions/authorization given and carried out by you earlier. I/we agree

to indemnify you and keep you indemnified against all losses, damages and actions which you may suffer or face as a consequence of

adhering to and carrying out my/our directions given above.

Thanking you,

Yours faithfully

Signatures of Client.......................................

Client Code ...................................................

Dear Sir,

Authority Letter for Order Instructions

RUNNING ACCOUNT LETTER


11, Sec -22, St No. 2,



Ph.: 01765-502844, 01765-258086

Notwithstanding anything contrary contained in the agreement between us, I/We hereby request you to maintain my accounts with you on a

running account basis This will facilitate me in all my/our transactions through you. I/we also request you to consider the balance in my/ our all

running accounts with you for the purpose of margins/ any other obligations due to you.In view of the above it would be purpose for you to release the funds and securities / commodities (if nay), due to me /us on my/our specific

request.

Furthermore, you may charge the cost of holding securities/commidities (if any), to my/our account with you.

Thanking you,

Yours faithfully

Signatures of Client.......................................

Client Code ...................................................

Dear Sir,

Sub: Maintain my /our account on a running account basis

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11, Sec -22, St No. 2,


Ph.: 01765-502844, 01765-258086

Dear Sir,

I/we have been/shall be dealing through you as my / our broker on the Commodity Exchanges such as MCX/NCDEX. As my/our Broker Le. agent I / we direct and authorised you to carry put trading / dealing on my / our behalf as per instructions givenbelow. Please treat these instructions as written ratification of my/our verbal directions/ authorizations given and carried out byyou earlier.I/We hereby authorise Mr./Ms. .......................................................................................... to deal / transact on my/ our behalfand to place orders, give instructions, make and receive payment deliveries and monies, collect contract notes, bills, orderconfirmations, trade confirmations , account statement and any other documents or communication, to sing any document,settle the account, enter in to any compromise and to do any all act (s) on my/our behalf which I/We can do. And I/We theundersigned do hereby agree and declare and confirm that all the acts and things done by him/her or his/her substitutes shallby my/our acts, deeds and things validly done by me/us to all intents and purposes.Please treat this authorization as written ratification of my/our verbal directions/ authorizations given and carried out by you

earlier. I/we agree to indemnify you and keep you indemnified against all losses, damages and actions which you may suffer orface as a consequence of adhering to and carrying out my/our directions given above.Thanking youYours Faithfully

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

Name and Address details of my/our Authorised Person is :

_________________________________________________________________________________________________

_________________________________________________________________________________________________

AUTHORITY LETTER FOR AUTHORISED PERSON

Dear Sir,

This has reference to member client agreement entered with you for dealing with you in the Commodity FuturesContracts/Commodity Derivatives on NCDEX and MCX. In terms of the member client agreement entered withyou. I/we hereby give you my/our mandate to send me/us the contract notes in the digital form in the prescribedformat at my/our e-mail ID/address____________________________________________ I/we will intimate youdiscrepancies, if any within 24 hours of issuance of contract notes. My/Our non-verification or not accessingcontract notes on regular basis will be the cause of any dispute with you.Yours faithfully

Signature __________________________

Client Name __________________________

Mandate To Issue Digital Contract Note


11, Sec -22, St No. 2,


Ph.: 01765-502844, 01765-258086

14


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11, Sec -22, St No. 2,


Ph.: 01765-502844, 01765-258086

Dear Sir,

During the course of the dealing with you, I/we may use my /our various Bank/DP Accounts for pay in/out of funds/commodities.The details of the same are as under :

Bank Accounts

DETAILS OF MULTIPLE BANK/DP ACCOUNTS

Sr. No. Name Address & Tel. No. of the Bank Type Account No.Date of A/c

Opening

Sr. No. Client Name Client ID DP Name DP IDName of Depository

(CDSL/NSDL)

DEPOSITORY ACCOUNTS

The relevant proof of aforesaid accounts standing in my/our name are enclosed.Further I/we request you to give payout of funds my/our Bank Account mentioned above and payout of commodities to my/ourdepository account mentioned above.Thanking You.Yours faithfully,

Client Name __________________________

Signatures ___________________________

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ADJUSTMENT OF BALANCES IN FAMILY ACCOUNTS


11, Sec -22, St No. 2,

Chanderlok Colony, Mandi GobindgarhPh.: 01765-502844, 01765-258086

We, the below mentioned family members, have been regularly trading and investment with you on the NSE and or MCX and or NCDEX

For the purpose of operations with you, we agree to be treated as family account.

In order to facilitate operations we hereby authorize you to self off the outstanding in any of the below mentioned accounts against

credits/securities/commodities available or arising in any of below accounts irrespective of the fact that such credits/securitires/commodities

in the accounts may pertain to transactions in any segment of any Exchange and/or against the value of cash margin or collateral in the form of

warehouse receipts, Bank guaranteed, Immovable property/shares or other as provided by any member(s) of the family.

In orders to facilitate operations, we authorise the Member to maintain a running accounts instead of settlement clearance of dues or delivery

of securities/commodities to us.

We agree to intimate you from time of any additions or deletions of clients to the said family We agree that any deletion shall take effect only on

completion of settlement and adjustment of balance in the accounts of the clients belonging to the family

We have offbeat our signatures below consenting to the above mentioned terms of adjustments.

Dear Sir,

Date :

Sr. No. Name of the Person Client Code

MCX NSE NCDEX

Signature of the Person

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*A. Dealing in commodity Futures

Read, understand and be updated about the guidelines and circulars of the Exchange and of the Forward Market Commission.

Refer and understand all the provisions of forward contracts (Regulations) Act, 1952 dealing with futures trading in commodities and amendments

thereof from time to time, including provisions and rates relating to the sales tax, value added tax, APMC Tax, Mandi Cess and Tax, Octroi, excise duty,

stamp duty, etc., applicable on the underlying commodity of any contracts offered for trading by NCDEX.

*Read the commodity contracts circulars issued by NCDEX and carefully note the contract specifications of the commodity in which you wish to trade.

The contract specifications are subject to change from time to time.

Before entering into buy and sell transactions please be aware of all the factors that go into the mechanism of pricing, trading and clearing.

Read the product note of the commodity in which you wish to deal to understand the commodity and parameters that Impact on the trading and

settlement of the commodity. *Understand the Delivery & Settlement Procedures of the commodity that you wish to deal in the futures market.

*Study historical and seasonal price movements of the commodity that you wish to deal in the futures market.

*Keep track of Governments' policy announcements from time to time of the commodity that you wish to deal in the futures market.

*Apply your own prudent Judgment for investments in commodity futures and take informed decisions.

*Comply with taxation and other Central Government/state Governments regulatory issues.

*Go through all Rules, Bye Laws, regulations Circulars and directives Issued by NCDEX.

*Since the Investment is based on various types of margins, be aware of the risks associated with your positions in the market and margin calls made

from time to time *Collect/pay Mark-to-Market margins on your futures positions on a daily basis from/to your member.

*Be aware of your risk taking ability and fix stop-loss limits. Liquidate four positions at such levels to reduce further losses, if any.

*In case of any doubt/problems, contact Exchange's Help Desk or e-mail at [email protected]

Donts

*Do not fall prey to market rumours.

*Do not go by any explicit/implicit promise made by analysts/advisors/experts/market intermediary until convinced.

*Do not deal based on Bull/Bear run of commodity markets sentiments.

*Do not go by the reports/predictions made in various print and electronic forms without verification.

*Do not trade on any product without knowing the risk and rewards associated with it.

Date _______________________________________ Client Signature____________________________

PAAWAN COMMODITIES PVT. LTD.PAAWAN COMMODITIES PVT. LTD.Member : National Commodity & Derivatives Exchange Ltd.

Do's & donts in Commodity Futures Market

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Dos

*Trade only through registered members of the exchange. Check with the Exchange to see whether the member is registered with the Exchange.

*Insist on filling up a standard 'Know Your Client (KYC)' form and on getting a Client-ld.

*Insist on reading and signing standard Risk Disclosure Document

*Cross check the genuineness of trades carried out at NCDEX through the trade verification facility available on NCDEX website The trades can be verified online at

www.ncdex.com/marketdata/hist trade verification.aspx where trade information is available up to 3 working days from the trade date.

*While trading through an authorized person ensure that a duly signed contract note has been issued by the member or Its authorized persons for every executed trade,

highlighting the details of the trade along with your unique Client-ld

*Obtain receipt for collaterals deposited with the member towards margins

*Go through the Rules, Bye-laws, Regulations, Circulars, directives, notifications of the Exchange as well as of the Regulators, Governments and other authorities and

details of Client Member Agreement to know your rights and duties vis-a-vis those of the member.

*State clearly who will be placing orders on your behalf. Give precise and clear Instructions whale placing, modifying or canceling orders.

*Ask all relevant questions and clear your doubts with your member before transacting.Ensure that the Contract Note contains all the relevant information such as Member Registration Number, *Order No , Order Date, Order time, Trade No , Trade rate,

Quantity, Arbitration Clause.

*Insist on received: the bills for every settlement.

*Insist on periodical statements of your ledger account.

*Scrutinize minutely both the transaction as well as the holding statements that you receive from your depository Participant.

*Keep Delivery Instruction Slips (DIS) book Issued by DPs In safe possession.

*Ensure that the DIS numbers are pre-printed and your account number (Client-Id) is mentioned in the DIS book.

*Freeze your Demat account ln case of your absence for longer duration or in case of not using the account frequently

Pay required margins in time and only by Cheque and ask for receipt thereof from the member

*Deliver the commodities in case of sale or pay the money in case of purchase within the time prescribed

Don'ts

*Do not start trading before reading and understanding the Risk disclosure Agreement and entering into the prescribed agreement with the Member.

*Do not deal with unregistered Intermediaries even of their charges are lower and/or margins are lesser.*Do not undertake off-market transactions In commodities with a member of the Exchange, unless such member records ln the agreement for sale, note or memorandum that

he is selling/purchasing the goods as the case may be, for his own account and obtains a consent from you in respect thereof as required u/s 15 (4) of the Forward Contracts

(Regulation) Act, 1952

*Do not neglect to set out in writing, orders for higher value given over phone.

*Do not accept unsigned /duplicate contract note/confirmation memo

*Do not accept contract note/confirmation memo signed by any unauthorized person.

*Do not delay payment/deliveries of commodities to member.

*Do not get carried away by luring advertisements, rumors, hot tips, promise of unrealistic returns, etc.

*Do not forget to take note of risks involved In the investments.

*Do not sign blank Delivery Instruction Slips (D1S) while furnishing securities deposits ardor keep them with Depository Participants (DP) or broker to save time

C. Rights of a Client4. In case of any disputes with the Member regarding the trades done on the Exchange platforms the client could contact the Exchange for suitable redressed as per Bye laws

of the Exchange including use of mediation/arbitration mechanisms of the Exchange. The clients would be required to produce copies of the agreement entered into by them

with their member for obtaining relief through the process of arbitration. Hence, clients are advised to obtain copies of signed agreement from members and keep such

copies with them. Further, all copies of all correspondence to and from members may be preserved for producing them to the arbitrators, If required. .

*All rights as per the Rules, Bye Laws and Regulations of the Exchange are available to a client in respect of all transactions traded on the Exchange and for which the

Client have a contract note duly issues by the member.

* In case of any disputes in respect of the trades on the Exchange or in the contract notes or any complaint against the member, take up the issue with member directly. In

case of non-resolution, file written complaint against the member with the Exchange within 6 months from the date of cause of action. (Details and Format are available In

Regulation 21.4.2 of the Regulations and Chapter 11, Clause 4, Part A, Bye Laws of the Exchange. The details are available respectively on NCDEXS web site -

http://www.ncdex.com/aboutus/regulation.aspx

http://www.ncdex.com/aboutus/byelaws.aspx

Date _____________________ Client Signature ________________________

PAAWAN COMMODITIES PVT. LTD.PAAWAN COMMODITIES PVT. LTD.Member: National Commodity & Derivatives Exchanges Ltd.

B. Dealing With Members

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A. Dealing in Commodity Futures*Trade only through registered members- In the interest of your own safety, it is Important to trade only through registered members since the

commodity exchanges have jurisdiction over them in terms of their own rules, By laws, etc. and can therefore, play a role an resolving Investor grievance

or even take action against the members If necessary. The exchange has no jurisdiction over entities who are not their members.

*Familiarize yourself with FMC guideline and rules, regulations by laws, circulars etc. of MCX:- Familarize yourselves with FMC guidelines and

rules, bye laws, etc. of the exchange to have an adequate understanding of the legal framework under which the commodity futures are traded This would

be useful in terms of giving you a better understanding of the procedures relating to trading, clearing and settlement, your rights as Investor etc.

Take an Informed decision:- Be sure that you are taking an informed decision. Read the produce note available on the exchange website to understand

the commodity specifications. Keep track of Government policy announcements such as the Minimum Support Price, Export/Import policy, etc. which

have a significant Impact on the prices of commodities. Also keep track of exchange announcements made through circulars regarding the methodology

of computation of due date rates, launch of new contracts, etc. Understand the commodity thoroughly Study historical and seasonal price movements of

the commodity.

Understand the delivery and Settlement procedures:- Thoroughly understand the delivery and settlement procedure which differs from commodity to

commodity in terms of quality implications, place of delivery options, penalties., margins, etc. This information is given in the product note available on

the website. Understanding of delivery would help in avoiding rejection of your delivery.

Understand and Comply with Taxation and other relevant laws:- Before initiating a trade, ascertain whether the price of the commodity is inclusive

or exclusive of various taxes applicable at the delivery center at the given point of time. Be aware of Implications of various taxes such as Sales tax,

Service tax, VAX etc. Make sure that you understand end comply with accounting standards for derivatives.

Pay all applicable margins. Collect / pay mark to market margins on a daily basis:- Pay all the applicable margins on your futures position to the

member. Also, collect or pay (as the case may be) mark-to-market margins from/to the member which are required to be settled on a dally basis.

Insist on documentation with the member such as member client agreement and Know your Client:- Enter into an agreement with the member

since that would ensure that you have recourse to all the investors protection mechanisms of the exchange. Co-operate with the member in filling up the

'Know Your Client form. This form has been devised to ensure that a member knows all his clients properly, and you are thus protected from the risk

which may arise out of a member having unsuitable clients. Only clients with pan numbers are allowed to trade on commodity exchanges.*Read and understand the Risk Disclosure document:- The Risk Disclosure Document provide valuable insight into the risk associate with futures

trading It is therefore, in your interest to carefully read and understand this document.

Insist on signed contract notes containing all relevant information sch as member registration number, order details, trade rate, quantity etc.

Insist on signed contract notes with all the relevant information for all your trades The contract note is a proof of the transaction between you and the

member and is absolutely essential for you to be able to approach the exchange or redressed of your complaints, availing arbitration mechanisms, etc.

Obtain receipt for collateral deposited with tie members:- Take a receipt from your member of collateral deposited with them

Insist on a periodical statement of your ledger amounts:- Monitor your account with the member properly by insisting on a periodical statement of

your ledger account.

Freeze your demat account in case of a long absence:- Freeze your demat account if it is not being used frequently for any reason, so that It is not mis

used

Don'tDon't get mislead by rumors, luring advertisements and promises and bull/bear run of market sentiments:- Take an informed decision Do not get

mislead by rumors, luring advertisements. etc. nor get swayed by bull/bear run of market sentiment.Don't trade any contract without knowing the associated risks- You should be fully aware of risk associated with your position in the market arising

out of variety of factors such as Government policy, volatility, macro-economic factors, international price movements etc.

Don't undertake off-market transactions:- Do not undertake off-market transactions which are not only illegal but also unsafe since the same may not

fall under the jurisdiction of the exchange.

Don't accept/pay cash:- Do not pay cash to the members nor take any cash as payment It is in your interest to deal through cheques, demand drafts, etc.

Since these instruments leave a proper audit trail.

Dont sign blank Delivery instruction Slips:- It is not advisable to sign blank delivery instruction slips, since the same can be misused.

Don't delay payment/deliveries to members:- Do not delay payment or deliveries to members to should losses arising out of penalties, closing of

positions, etc.

Date____________________________ Signatures________________________________

Member : Multi Commodity Exchange of India Limited

Do's & donts in Commodity Futures Market

PAAWAN COMMODITIES PVT. LTD.PAAWAN COMMODITIES PVT. LTD.

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