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Please note that the information contained herein is subject to change without notice. All receipts and payments for buying and selling of shares and all commissions and charges will be posted to your trading Account. Shares which you buy and sell through the trading Account will be received in or delivered from your demat Account. Demat account refers to the account opened by you with Depository for holding securities in electronic form. Just give us your Account details at the time of becoming a Trading customer.
We reserve the absolute right to either accept or reject your application on any grounds whatsoever and you agree that you shall not dispute the result in any manner whatsoever. The client is aware and acknowledges that the trading over the internet through computers involve many uncertain factors and complex hardware, software, systems, communication lines, peripherals etc.
The Stock Broker's and exchange do not make any representation or warranty that the stock broker's services will be available to the client at all times without any broking and trading services private limited. The client agrees that he shall not have any claim against the exchanges or the stock broker on account of any suspension interruption, non availability or malfunctioning of the stock broker's system or service broking and trading services private limited exchanges system or service for any reason whatsoever.
You can open these Accounts if you are over 18 years and if you will operate this on an individual basis. It is open for resident Indian only. Indian regulations require us to maintain basic financial details about each client. You need to provide us the details of your bank Broking and trading services private limited.
Your signatures on the Account opening form need to be the same, as maintained in the bank records. For Delivery Based Trades: This is subject to a minimum brokerage of 10 paise per broking and trading services private limited.
Your demat Account can be held jointly with other people typically relatives. For your demat Account, an instruction given to us by someone who knows your password will be necessary and sufficient condition to effect a transaction. Please note that normally regulations require both the Account holders to sign on instruction but that you are agreeable to any transactions on such Account being executed in the manner outlined above. You can also nominate someone in your Demat Account, who becomes the beneficiary of the shares held in the Account in the unfortunate event of your demise.
For all the stocks which are in the compulsory rolling segment EQ series, on NSE trades will be executed in this segment. We may not allow certain shares for trading if broking and trading services private limited manipulation is suspected or stock being illiquid or for any other reason.
Validity period of the orders: All orders will be valid for the day until the normal market closes. On closure of the market the orders or the pending part of the order will automatically lapse. You also understand that you will receive the price at which your order executes in the broking and trading services private limited, which may be different from the price at which the Scrip or option is trading when your order is entered into our system.
You also understand that market orders may get executed at a price significantly unfavorable to you, depending upon market fluctuations. If the funds or the shares are insufficient to process the orders, then the order will be rejected.
The Exchange may accept or reject the order, based upon its internal rules and regulations. You can see the status or your orders through the order tracker from getting started guide. And modification or cancellation can be applied only on the yet un-executed part of the order. If payment is not received by settlement date, or as market conditions warrant, your Account may be liquidated, without prior notification. The Client agrees that, if any order including square off order is not accepted or not executed or cancelled, on the website or on direct terminals for any reason whatsoever, the Stock Broker shall have the right to treat the order as having lapsed.
The client can not claim any notional profit or consequent notional loss due to order not being executed or cancelled by the exchange. Net purchases made in any Scrip by you will be credited to your Demat Account. Shares are available for credit as per the settlement schedule of the exchanges, after the full payment is made to the clearing house of the exchange.
Sometimes, the clearing house may not be able to deliver the full quantity expected. In such cases, the exchange will try to buy the short delivery by conducting an auction, resulting in a delayed delivery into your Account, or will force a close-out and credit the money into your Account, if delivery cannot be arranged even through an auction process. If any selling client fails to deliver the required securities and due to this buyer does not get the security in payout then we may buy such short shares.
Such shares will be delivered to the buying client and the selling client will be debited by the purchase price together with brokerage and other costs thereon. Value of all purchase transactions will be debited to your Account immediately.
Available shares means shares for which you are beneficially entitled to as per CDSL records in your DEMAT account broking and trading services private limited securities purchased by you in the settlement in which you intend to sell minus shares sold broking and trading services private limited you pending settlement with the Exchange. However, short sale can be done in scrips approved by us. List of scrips allowed under Short Sell is available on site.
Shares once transferred out of the Demat Account cannot be broking and trading services private limited back. Proceeds of the sale cannot be paid to you until the shares are delivered to the clearinghouse of the exchange and a credit is received thereof from exchange. To that extent, your broking and trading services private limited balance can be lesser than your cash Account balance.
The balances will be retained in your Account unless you request otherwise. You can deposit amount in your Account by using Internet banking, or by personal cheque or a demand draft. Credit will be available in your Account after the funds are cleared. There could be negative balance in your Account due to reasons like charges debit, inadvertently processing buy orders without available balance etc.
If payment is not received in reasonable time, your Account may be liquidated, without prior notification. All rules, regulations and time deadlines prescribed for those transactions, as per the client agreement and CDSL rules will continue to apply for such transactions and instructions.
Indian rules currently require issuance of contract notes for all buying and selling of shares. Different scrips attracts different margin and list of scrip is available on site.
And the best part is that you can continue to enjoy all your shareholder benefits such as rights, dividends, bonuses or interest. Limit against Share Your minimum value of your Shares should be Rs. There can be limit against mix of both Shares. Shares must be in your name and third party shares will not be accepted towards margin. Only Demat scrip will be accepted for limit against shares.
This can be done in two ways-- Either shares to be accepted towards margin can be Transferred to us in our demat account. You can pledge shares in our favor. Only Indian individuals can apply! We may initiate compliance action in case of any default in payments of any dues receivable by us from client. Any loss arising out of squaring off or sale of securities will be to client account and we will not be liable for any cost or damage or any consequences thereof.
Withholding payout of securities bought by client against any dues receivable by us. Levy of interest 16 p. We may take any one or all compliance actions as mentioned above and will intimate to the client on compliance action being taken and details thereof. To avoid compliance action, client should deposit additional broking and trading services private limited, squared off outstanding transactions or broking and trading services private limited other securities lying in his depository account to make his CCB positive.
Client should always look at his exposure, M to M losses, pay in and other obligation, alerts forwarded by us, etc. Commissions and fees For Intra-day Trades: Depositary Account Joint Accounts Your demat Account can be held jointly with other people typically relatives.
Nomination You can also nominate someone in your Demat Account, who becomes the beneficiary of the shares held in the Account in the unfortunate event of your demise. Orders Validity period of the orders: Purchase transaction Net purchases made in any Scrip by you will be credited to your Demat Account. Negative balance in your Account There could be negative balance in your Account due to reasons like charges debit, inadvertently processing buy orders without available balance etc.
Contract notes Indian rules currently require issuance of contract notes for all buying and selling of shares. This can be done in two ways-- Either shares to be accepted towards margin can be Transferred to us in our demat account OR You can pledge shares in our favor. Compliance action We may initiate compliance action in case of any default in payments of any dues receivable by us from client. Compliance action includes but not limited to -- Squaring off of outstanding transactions.