Migration Application · 2011-06-15 · I/We refer to my/our aforementioned application for opening of online trading Client Account (“Client Account”) with Jhaveri Securities

Application Form for Migration from Offline Trading Account to Online Trading Account

(Online Mode of Operation)

For office use only.

Account Opening Form No: ___________________________ FOR OFFICE USE ONLY:

CLIENT CODE

SERVICE REQUEST No.

BRACH/FRANCHISE CODE

EMPLOYEE NAME

EMPLOYEE CODE

EMPLOYEE SIGNATURE

RIGHTS GIVEN (Please Tick) VIEWING / TRADING

INDEX

Below mention documents are voluntary documents and execution of the same is entirely at the discretion of the

client. However, the same is require to be executed by the client in order to avail of hassle free trading platform.

Sr.No Content Description

1 REQUEST ACCOUNT LETTER FOR MIGRATING FROM OFFLINE A/C TO ONLINE A/C

Request letter from client for migrating to online trading account from offline trading account

2 TRADING AUTHORIZATION Trading authorization and appointment of trading agent for the capital market and the derivative market

3 CALL N TRADE FACILITY It contain authorization letter for doing trading with call & trade

4 MEMBER CLIENT AGREEMENT FOR INTERNET BASE TRADING

Internet base trading agreement for the NSE and BSE

5 SECURITIES TRADING WITH WIRELESS TRECHNOLOGY (STWT)

Agreement for the wireless trading

6 DECLARATION FOR MOBILE NUMBER

Customer register own mobile number for the communication

7 Limited POA Agreement Agreement for Limited Power of Attorney

8 Online Mutual Fund Agreement Agreement for Online Mutual Fund with exchange

9 RMS Policy Risk & Surveillances guidelines for online trading

Migration Application

Jhaveri Securities Ltd April 2011

Request Letter for Migrating from Offline to Online Trading account (Online Mode of Operation)

Form must be sign and filled by customer

To, Date: _ _ / _ _ / _ _ _ _

Jhaveri Securities Limited 203/204,2nd Floor, Gunjan Tower, Alembic-Gorwa Road, Subhanpura, Vadodara-390023

Sub: Switch over of trading account from offline to online mode of operation

Ref: Offline Client Code _______________________

I/We refer to my/our aforementioned application for opening of online trading Client Account (“Client Account”) with

Jhaveri Securities Limited (hereinafter called “Jhaveri Securities") and Demat account (Dematerialized account in

Electronic Form) with Jhaveri Securities Ltd as a Depository Participant or other as mentioned.

I/We are desirous of switching to Online Mode of operation of trading accounts by availing the online services offered

by Jhaveri Securities. Enclosing herewith the application documentation in this regard. I/We agree and confirm that

upon acceptance of this request letter by Jhaveri Securities, my/our trading account will switched over to Online

trading account and I/We would be abide by applicable Terms and Conditions governing my /our Online trading

account with respect to trading in Capital(Cash)Market, Derivative segments.

I/We are desirous to avail the online account facility offer by Jhaveri Securities through Jetrade for making investment

in stocks, Mutual fund, IPOs, Bonds and such other product offered by Jhaveri Securities from time to time. I/We

understand and accept that I/We will avail trading services in Capital (Cash) Market, Derivatives segments through

Online facility of Jhaveri Securities and trading facilities in these segments will be available to me/us through

www.Jetrade.in

I/we understand that:

1) I/We are desirous of switching the status of my/our trading account from offline to online. I/We hereby agree and

confirm that the terms and conditions specific to availing offline trading services would not be applicable to

my/our online trading account.

2) I/We further agree and confirm that subsequent to the change in status, my/our trading account would be bound

by the terms and conditions governing the online trading mode and as accepted by me/us while at the time of

migration.

3) I/We agree that the switch in the account status will not affect my/our liabilities and obligations and I/We will be

liable for satisfactory completion of all transaction affected prior to switch over of my/our account.

4) I/We request you to kindly change the status of my account from offline to online. I/We hereby authorize Jhaveri

Securities to do all such acts necessary and incidental for the switch in status of the trading account.

5) I/We agree that Jhaveri Securities reserves the right to reject the application for switch in mode of operating the

trading account & allowing the switch is purely at the discretion of Jhaveri Securities.

6) I/We agree that the switch in mode of operating the trading account would require suspension of the trading

account in the existing mode & activation in the requested mode which would require few days to process the

application/request. I/We agree that I/We would not be able to trade in either of the mode after an

application/request is made till the application/request is completely processed.

Thanking You,

Yours sincerely

__________________________

(Signature of Applicant)


Trading Authorization

“This document is voluntary; however, the same is required to be executed by the client in order to avail hassle free

trading platform. If you do not wish to use the services of Jhaveri Securities Ltd, you need not execute such

documents”

Trading Authorization

From:

_________________________

_________________________

_________________________

_________________________

Date: _________________________

To,

Jhaveri Securities Limited

203/204,2nd Floor, Gunjan Tower,

Alembic-Gorwa Road, Subhanpura,

Vadodara-390023

Date: __________________

Dear Sir(s)

TRADING AUTHORISATION AND APPOINTMENT OF TRADING AGENT FOR THE CASH MARKET AND THE DERIVATIVES

MARKET

Authorization and Appointment

1. Mr/Mrs/Ms __________________________________________________and his/her/their employees or nominated

person or agents or any person advised by them. (“The Trading Agent”), Passport Number/PAN No.

__________________ and contact number/s _____________________________________whose address is

___________________________________________________________________________________________________

Has been appointed and authorized by me/us as my/our agent to place orders on my/our trading accounts

(including trading accounts for the purchase and sale of or other dealing in securities, spot or forward or

derivatives for and on my/our behalf in my/our name (whether solely or jointly with others).

2. I/We understand that pursuant to this agreement and authorization, the Trading Agent will place orders on the

trading account maintained in my/our name (whether solely or jointly with others) with you (“the Account”).

These orders may be placed in whichever mode/channel available and offered by Jhaveri Securities Ltd.

3. For the avoidance of doubt, please note that subject to paragraph 4 below, the Trading Agent has been authorized

to do any or all of the following in relation to, arising from or in connection with the Account:

a. To buy, sell (including short sales), transfer, trade and otherwise deal in local securities and derivatives

contracts on individual securities and indices, (collectively “transactions”) of every kind and nature, on

margin or otherwise, all in the Trading Agent’s sole discretion and in my/our name;

b. Generally to act in relation to the Account as fully and effectually in all respects as I/we myself / ourselves

could do, including withdrawal or credit of securities, money or other property in my/our name.

Indemnification

4. In connection with the authority vested by me/us in the Trading Agent, I/we agree that you are authorized to and

shall have no liability for following the instructions of the Trading Agent, I/we agree therefore that you shall not at

any time incur any liability whether to me/us or to anyone claiming through me/us or any other third party with

respect to any damage, losses, costs, expenses liabilities or lost profits sustained or alleged to have been sustained


as a result of your following the Trading Agent’s instructions. For the avoidance of doubt I/we hereby agree to

keep you indemnify and harmless against all damage, losses, lost profits, costs, expenses and liabilities (including

legal fees on a solicitor) that you may incur in relation to or in connection with following the trading Agent’s

instructions. I/we further to pay on demand without protest or conditions any debit balance on my/our account

and to promptly meet all margin requirements, as a result of the Trading Agent’s instructions. This Authorization

and indemnity is in addition to, and in no way prejudices, limits or restricts any rights or remedies you may have

under any other agreement or agreements between us or howsoever otherwise arising.

For the avoidance of doubt, I/we hereby ratify and confirm any and all transactions with you here before or

hereafter made by the Trading Agent for the Account.

Authority to trade for other accounts

5. I/we hereby notify you that I/we have no objection to the Trading Agent having at present or at any time in the

future, the authority to trade for one or more accounts with you (including but not limited to trading on his own

account, on a joint account held by him with one or more persons, as an authorized trader of a corporation or as

the agent of one or more accounts held by any of your customers with you). In view of the potential conflict of

interests in this matter, I/we hereby indemnify you for all and any liabilities whatsoever arising from agent’s

operation of the Account under such circumstances.

Disclosure of information

6. I/we hereby authorize you to release to the Trading Agent Information agent may require form time to time

(including but not limited to the contracts, bills, daily statements)

Revocation

7. This authorization shall remain in effect until revoked by me/us by a written notice addressed to you and delivered

personally or by registered post to your office at 203/204,2ndFloor, Gunjan Tower, Alembic Gorwa Road,

Subhanpura, Vadodara-390023 and giving you at least 48 hours notice of such revocation which time period shall

only run upon actual receipt of the notice by you. Such revocation shall not affect you liability resulting from

transactions initiated prior to (including the 48 hours notice period) such revocation taking effect.

Successors

8. The authorization and indemnity contained herein shall insure to the benefit of your successors and assigns.

Principal liability

9. I/we fully understand that I/we will be principally liable for the actions of the Trading Agent and that the Trading

Agent is not your servant or agent but my/our agent.

Yours faithfully

Name: ______________________________________

Signature: ___________________________________ (Signature of Applicant)

Acceptance by Trading Agent

I/we, __________________________________________________ (”the Trading Agent”) Passport Number/PAN No.

______________________ here by accept my/our appointment and the terms thereof as set our above.

Signature: ____________________ Witness:

Date: ________________________ Name: ________________________

Place: ________________________ Signature: _____________________

Date: ________________________


SUPPLEMENTAL IBT TRADING MEMBER - CLIENT AGREEMENT FOR NSE

This agreement is made at _______________________________________ this ______________________________ day of

___________________20______ BETWEEN Jhaveri Securities Ltd (member of National Stock Exchange of India Ltd. with

SEBI Registration NO.INB230823233 & INF230823233), hereinafter called MEMBER and having Its

_______________________________________registered office at 301-302, Payal Tower-II, Sayajigunj, Vadodara-390005

and

M/s/Mr _________________________________________________________________ an individual/company/trust/firm

or any other body duly formed and registered under the relevant Act, hereinafter called the CLIENT, having his/her

residence/registered office at _______________________________________

WITNESSTH: (i) Whereas the MEMBER is registered as TRADING MEMBER of National Stock Exchange of India Ltd. With SEBI

Registration NO.INB230823233 & INF230823233 Whereas the CLIENT is desirous of investing /trading in those securities admitted for dealing on the Exchange as defined in the Bye-Laws of the Exchange.

(ii) Whereas the MEMBER is eligible for providing Internet based trading and securities trading through the use of wireless technology that shall include the use of devices such as mobile phone, laptop with data card, etc which use Internet Protocol (IP). Whereas the CLIENT is desirous of investing/trading in those securities admitted for dealing on the Exchange as defined in the Bye-Laws of the Exchange. For this purpose, the CLIENT is desirous of using either the internet based trading facility or the facility for securities trading through use of wireless technology. Whereas the CLIENT has satisfied itself of the capability of the MEMBER to deal in securities and wishes to execute his orders through him and the CLIENT shall continue to satisfy itself of such capability of the MEMBER before executing orders through him. Whereas the MEMBER has satisfied and shall continuously satisfy himself about the genuineness and financial soundness of the CLIENT and investment objectives relevant to the services to be provided. Whereas the MEMBER has taken steps and shall take steps to make the CLIENT aware of the precise nature of the MEMBER's liability for business to be conducted, including any limitations on that liability and the capacity in which it acts.

In consideration of the mutual understanding as set forth in this agreement, the parties thereto have agreed to the following terms and conditions: 1. The MEMBER agrees that it has complied / shall comply with all requirements applicable to securities trading using

wireless technology as may be specified by SEBI & the Exchange from time to time. The provisions of this agreement shall always be subject to Government modifications, an rules, regulations and guidelines issued by SEBI and stock Exchange rules regulations and Bye-Laws that may be in force from time to time.

2. The provisions of this agreement shall always be subject to Government notifications, any rules, regulations and guidelines issued by SEBI and Stock Exchange rules, regulations and Bye-laws that may be in force from time to time.

3. In the event of death or insolvency of the client or his/her otherwise becoming incapable of receiving and paying for or delivering or transferring securities which the client has ordered to be bought or sold, MEMBER may close out the transaction of the client and the client or his legal representative shall be liable for any losses, costs and be entitled to any surplus which may result there from.

4. The agreement entered into between the MEMBER and the CLIENT shall stand terminated by mutual consent of the parties by giving at least one month written notice. Such cancellation or termination shall not have any effect on transaction executed before the date of such notice of termination and the parties shall enjoy the same rights and shall have same obligations in respect of such transactions. The MEMBER has bought to the notice of client the possible risks, responsibilities and liabilities associated with securities trading using wireless technology.

5. The Member shall provide information with respect to the addresses of the Internet web site / web page where detailed information would be available about securities trading though the use of wireless technology. The


CLIENT is aware that as it may not be possible to give detailed information to the investor on a hand held device e.g. mobile phones, minimum information may be given with address of the Internet web site / web page where detailed information would be available.

6. The instructions issued by an authorized representative of the client shall be binding on the client in accordance with the letter authorizing the said representative to deal on behalf of the client.

7. The CLIENT is aware that authentication technologies and strict security measures are required for the internet trading through order routed system and undertakes to ensure that the password of the CLIENT and/or his authorized representative are not revealed to any third party.

8. The CLIENT agrees that the MEMBER shall not be liable or responsible for non-execution of the orders of the CLIENT due to any link/system failure at the CLIENT/ MEMBERS/EXCHANGE end.

9. The Stock Exchange may cancel a trade suo-moto without giving any reason thereof. In the event of such cancellation, MEMBER shall be entitled to cancel relative contract(s) with CLIENT.

10. The MEMBER shall also send the Order/Trade confirmation slip through E-mail to the CLIENT at his/her/their request, from the time of execution of order/trade on the NEAT system, as the case may be. The CLIENT agrees that the information sent by MEMBER by E-mail is deemed to be a valid delivery of such information by the MEMBER.

11. The CLIENT is aware that the MEMBER has provided on the web site a facility for reconfirmation of orders, which are larger than that specified by the MEMBER's risk management, by the MEMBER and is also aware that the MEMBER has the discretion to reject the execution of such orders based on his risk perception.

12. The Member and the Client are aware of the provisions of Bye-Laws, Rules and regulations of the Exchange relating to resolution of disputes/differences through the mechanism of arbitration provided by the Exchange and agree to abide by the said provisions.

13. All trades, transactions and contracts are subject to the Bye-Laws, Rules and Regulations of the Exchange and shall be deemed to be and shall take effect as wholly made, entered into and to be performed in any city and the parties to such trade shall be deemed to have submitted to the jurisdiction of the Courts in Mumbai for the purpose of giving effect to the provisions of the Rules and Regulations of the Exchange.

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

Signed for and on behalf of Signed for and on behalf of MEMBER: Jhaveri Securities Ltd. CLIENT: _____________________________ By By Signature: _____________________________ Signature: ___________________________ Title Witness: _______________ Title: _______________________________ Authorised Signatory 1. ____________________________ Witness 1. ___________________________ 2. ____________________________ 2. ___________________________


SUPPLEMENTAL IBT TRADING MEMBER-CLIENT AGREEMENT FOR BSE

THIS SUPPLEMENTAL AGREEMENT ("this Agreement") is executed at Vadodara on this day

of_______________________________________, _________________20_________

BETWEEN

M/s. Jhaveri Securities Ltd., a company incorporated under the provisions of the Companies Act, 1956 having its registered office at 301-302, payal Towers II, Sayajigunj, Vadodara - 390 005, and hereinafter referred to as "the Trading Member", (which expression shall, unless it be repugnant to the context or meaning thereof, be deemed to mean and include its successors) of the ONE PART;

AND

Mr./Ms________________________________________________________________________________________, s/d/w of

__________________________________________________________and aged___________________________ presently

residing at ______________________________________________________________________________ hereinafter

referred to as "the Client, (which expression shall, unless it be repugnant to the context or meaning thereof, be

deemed to mean and include his/her heirs, executors, administrators and legal representatives) of the OTHER PART;

OR

M/s________________________________________________________________, a sole proprietary / a partnership firm /

company registered under the provisions of the Indian Partnership Act, 1932, I incorporated under the provisions of the

Companies Act, 1956 having its registered office at _______________________________________, hereinafter referred

to as "the Client", (which expression shall, unless it be repugnant to the context or meaning thereof, be deemed to

mean and include its successors) of the OTHER PART;

WHEREAS: (i) The Trading Member is a Trading Member of Bombay Stock Exchange Ltd, ("the Exchange") and is also

registered with the Securities & Exchange Board of India ("SEBI") as a stock broker with SEBI Registration NO.INB010823236.

(ii) The Client is a client/constituent of the Trading Member, and the Trading Member and the Client have entered into a Trading Member-Client Agreement dated the day of _______________________________________, in accordance with the model agreement prescribed by SEBI ("the Main Trading Member-Client Agreement");

(iii) The Trading Member offers and/or proposes to offer the IBT Service to its clients; and the Client desires to avail of the Trading Member's IBT Service for purchasing, selling or otherwise dealing in securities;

(iv) The Trading Member and the Client desire to enter into this Supplemental Agreement to the Main Trading Member-Client Agreement in order to record the agreement between them relating to the Trading Member's IBT Service to be availed of by the Client.

IT IS HEREBYAGREED BETWEEN THE TRADING MEMBERAND CLIENT as follows: 1. DEFINITIONS:

1.1. In this Agreement (including the Recitals above), unless the context otherwise requires the following words shall have the following meanings:-

(i) "the Exchange" means the Bombay Stock Exchange Ltd and includes a segment of the Exchange.


(ii) "Exchange Provisions" means the Rules, Bye-laws, Regulations, Business Requirement, Specifications, handbooks, notices, circulars and resolutions of the Exchange or any segment of the Exchange in force from time to time and includes the Minimum Requirements Handbook for IBT prescribed by the Exchange, as amended from time to time.

(iii) "IBT" means Internet based Trading Through Order Routing System, being a system approved by the Exchange for enabling clients to route their orders to their Trading Member is over the internet.

(iv) "IBT Account Application" means the application submitted by the Client to the Trading Member to permit the Client to avail of the Trading Member's IBT Service.

(v) "IBT Service" or "Service" means the service offered by the Trading Member to its clients through IBT where under the clients can route their orders for purchase, sale and other dealings in securities through the Trading Member's IBT System.

(vi) "Trading Member's IBT System" or "Trading Member's IBT Website" means the web site hosted by the Trading Member on the internet through which the Trading Member offers the IBT Service and includes the hardware and software used for hosting and supporting the Web Site.

(vii)"Password" means an alphanumeric code used by the Client to validate his/her username and access the Service.

(viii) "SEBI" means the Securities & Exchange Board of India. (ix) "Username" means an alphanumeric login identification used by the Client for accessing the Service.

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

1.3. In this Agreement, unless the context otherwise requires, reference to the singular includes a reference to the plural and vice-versa, and reference to any gender includes a reference to all other genders.

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

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

2. AGREEMENT TO PROVIDE AND AVAIL OF THE IBT SERVICE:

The Trading Member agrees to provide the Trading Member's IBT Service to the Client, and the Client agrees to avail of the Trading Member's IBT Service, on and subject to the terms and conditions of this Agreement, the Exchange Provisions and the terms of the Trading Member's IBT Web Site.

3. USER NAME AND PASSWORD: 3.1. The Client will be entitled to a username and password, which will enable him to access the Trading Member's

IBT System for availing of the Service. 3.2. The Client is aware that the Trading Member's IBT System itself generates the initial password and that the

Trading Member is aware of the same. The Client agrees and undertakes to immediately change his initial password upon receipt thereof. The Client is aware that subsequent passwords are not known or available to the Trading Member.

3.3. The Client shall be responsible for keeping the User name and Password confidential and secure and shall be solely responsible for all orders entered and transactions done by any person whosoever through the Trading Member's IBT System using the Client's Username and/or Password whether or not such person was authorized to do so.

3.4. The Client shall immediately inform the Trading Member of any unauthorized use of the Client's Username or Password with full details of such unauthorized use including the date of such unauthorized use, the manner in which it was unauthorizedly used, the transactions effected pursuant to such unauthorized use, etc.

3.5. The Client acknowledges that he is fully aware of and understands the risks associated with availing of a service for routing orders over the internet including the risk of misuse and unauthorized use of his Username and/or Password by a third party and the risk of a person hacking into the Client's account on the Trading Member's IBT System and unauthorizedly routing orders on behalf of the Client through the System. The Client agrees that he shall be fully liable and responsible for any and all unauthorized use and misuse of his Password and/or Username and also for any and all acts done by any person through the Trading Member's IBT System on the Client's Username in any manner whatsoever.

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

3.7. Without prejudice to the provisions of Clause 3.5, the Client shall immediately notify the Trading Member in writing with full details if:


14Ahe discovers or suspects unauthorized access through his Username, Password or (i) account, (ii) he notices discrepancies that might be attributable to unauthorized access, (iii) he forgets his password or (iv) he discovers a security flaw in the Trading Member's IBT System.

3.8. In any of the above events specified in Clause 3.7, the Client shall immediately change his Password. However, if the Client is unable to change his Password by reason of his having forgotten his Password or his Password having been unauthorizedly changed by some other person or for any other reason than the Client shall immediately request the Trading Member in writing to discontinue his old Password; and thereupon the Trading Member shall cause the Trading Member's IBT System to discontinue the use of the Client's old Password and the Trading Member's IBT System shall generate a new Password for the Client which shall be communicated to the Client. At no point in time shall the Trading Member be liable for any loss, whether notional or actual, that may be suffered by the Client on account of the misuse of the Password.

4. TRANSACTIONS AND SETTLEMENTS:

4.1. All orders for purchase, sale or other dealings in securities and other instructions routed through the Trading Member's IBT System via the Client's Username shall be deemed to have been given by the Client.

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

4.3. The Trading Member may from time to time impose and vary limits on the orders which the Client can place through the Trading Member's IBT System (including exposure limits, turnover limits, limits as to the number, value and/or kind of securities in respect of which orders can be placed, the companies in respect of whose securities orders can be placed, etc.). The Client is aware and agrees that the Trading Member may need to vary or reduce the limits or impose new limits urgently on the basis of the Trading Member's risk perception and other factors considered relevant by the Trading Member, and the Trading Member may be unable to inform the Client of such variation, reduction or imposition in advance. The Client agrees that the Trading Member shall not be responsible for such variation, reduction or imposition or the Client's inability to route any order through the Trading Member's 18T System on account of any such variation, reduction or imposition of limits. The Client understands and agrees that the Trading Member may at any time, at its sole discretion and without prior notice, prohibit or restrict the Client's ability to place orders or trade in securities through the Trading Member.

4.4. Though orders will generally be routed to the Exchange's computer systems within a few seconds from the time the order is placed by the Client on the Trading Member's IBT System, the Trading Member shall not be liable for any delay in the execution of any order or for any resultant loss on account of the delay.

4.5. The Client agrees that the Trading Member may, at its sole discretion, subject any order placed by a Client to manual review and entry, which may cause delays in the processing of the Client's order or may result in rejection of such order.

4.6. In case of a market order, the Client agrees that he will receive the price at which his order is executed by the exchange's computer system; and such price may be different from the price at which the security is trading when his order is entered into the Trading Member's IBT System.

5. MARGIN: The Client agrees and undertakes to immediately deposit with the Trading Member such cash, securities or other acceptable security, which the Trading Member may require as margin. The Client agrees that the Trading Member shall be entitled to require the Client to deposit with the Trading The Trading Member shall also be entitled to require the Client to keep permanently with the Trading Member a margin of a value specified by the Trading Member so long as the Client desires to avail of the Trading Member's IBT Service. 6. CANCELLATION REQUESTS

6.1. When the Client places a request to cancel an order, the cancellation of that order is not guaranteed. The order will only be cancelled if the Client's request for cancellation is received and the order is successfully cancelled before it is executed.

6.2. The Client shall not be entitled to presume an order as having been executed or canceled until a confirmation from the Trading Member is received by the Client.

6.3. The Exchange may a null a trade suo-moto without giving a reason therefore. In the event of such annulment, the Trading Member shall be entitled to cancel the relative contract(s) with the Client.

7. BROKERAGE, COMMISSIONS AND FEES


7.1. The Client agrees to pay the Trading Member brokerage, commission, fees, service tax and other taxes and transaction expenses as they exist from time to time and as they apply to the Client's account and transactions, and the services that he receives from the Trading Member.A transaction expenses shall be provided by the Trading Member to the Client from time to time upon request by the Client.

8. CONFIRMATIONS Online confirmation will be available to the Client upon execution or cancellation of an order placed by him through the Trading Member's IBT System. This shall be followed by a confirmation, which may be sent by postal mail, electronic mail or other electronic means. It is the responsibility of the Client to review upon first receipt, whether delivered to him online, by postal mail, by electronic mail, or other electronic means, all confirmations of transactions or cancellations. 9. INVESTMENT ADVICE

9.1. The Client acknowledges that the Trading Member shall not be liable to provide him with any legal, tax, investment or accounting advice or advice regarding the suitability or profitability of a security or investment.

9.2. The Client also acknowledges that the Trading Member's employees are not authorized to give any such advice and that the Client will not solicit or rely upon any such advice from the Trading Member or any of its employees.

9.3. The Client agrees that in the event of the Trading Member or any employee or official of the Trading Member providing any information, recommendation or advice to the Client, the Client may act upon the same at the sole risk and cost of the Client, and the Trading Member shall not be liable or responsible for the same.

9.4. The Client assumes full responsibility with respect to his investment decisions and transactions. 9.5. The Trading Member, its officers, directors, partners, employees, agents and affiliates will have no liability

with respect to any investment decisions or transactions of the Client. 10. SUPPLEMENTAL TO MAIN TRADING MEMBER - CLIENT AGREEMENT: This Agreement is supplemental to, and does not supersede, the Main Trading Member-Client Agreement. Save and except as modified expressly or by implication by this Agreement the Exchange Provisions or the terms of the Trading Member's 1ST Web Site, the provisions of the Main Trading Member-Client Agreement shall apply mutatis mutandis to the extent applicable to dealings between the Trading Member and the Client pursuant to or otherwise relating to the Trading Member's 1ST Service. 11. REPRESENTATIONS AND WARRANTIES OF CLIENT The Client represents and warrants to the Trading Member that:

11.1 All the information provided and statements made in the Client's IBT Account Application are true and correct

and are not misleading (whether by reason of omission to state a material fact or otherwise) and the Client is

aware 'that the Trading Member has agreed to provide the Trading Member's IBT Service to the Client on the

basis, inter alia, of the statements made in the Client's IBT Account Application.

11.2 The Client is aware and acknowledges that trading over the internet involves many uncertain factors and

complex hardware, software, systems, communication lines, peripherals, etc. which are susceptible to

interruptions and dislocations; and the Trading Member's IBT Service may at any time be unavailable without

further notice. The Trading Member and the Exchange do not make any representation or warranty that the

Trading Member's IBT Service will be available to the Client at all times without any interruption. The Client

agrees that he shall not have any claim against the Exchange or the Trading Member on account of any

suspension, interruption, nonavailability or malfunctioning of the Trading Member's IBT System or Service or

the Exchange's service or systems for any reason whatsoever.

11.3 The Client has the required legal capacity to, and is authorized to, enter into this Agreement and is capable of

performing his obligations and undertakings hereunder.

11.4 All actions required to be taken to ensure compliance of all the transactions, which the Client may enter into

pursuant. to this Agreement with all applicable laws, shall be completed by the Client prior to such transaction

being entered into.

11.5 The Client shall abide by the Exchange Provisions and the terms of the Trading Member's IBT Web Site in force

from time to time.

11.6 Any instructions given by an authorized representative of the Client to the Trading Member (or to the Trading

Member's representative) shall be binding on the Client.


12. REPRESENTATIONS AND WARRANTIES OF THE TRADING MEMBER: The Trading Member represents and warrants to the Client that:- The Trading Member's IBT System has been approved by the Exchange. Where the IT ORS system has not been approved by the Exchange, the Trading Member has applied/proposes to apply to the Exchange to approve the said IBT System and the Trading Member will commence the Trading Member's IBT Service only after the Exchange has approved the Trading Member's IBT System. 13. MARKET DATA

13.1 The Client understands that the Exchange asserts a proprietary interest in all of the market data it furnishes, directly or through the Trading Member or otherwise. The Client understands that the Exchange does not guarantee the timeliness, sequence, accuracy or completeness of market data or any other market information, or any messages disseminated by it. Neither the Trading Member nor the Exchange shall be liable in any way for incorrect, misleading, incomplete or dated data or information and, if the Client acts on the basis of the same, he shall do so at his own risk and cost.

13.2 The Client shall not furnish market information provided by the Exchange to any other person or entity for consideration or otherwise and in the event the Client uses such information he shall do so at his own risk and cost.

14. NOTICES 14.1 Any notice or other communication to be given by any party to the other in connection with this Agreement shall be in writing and shall be deemed duly served if delivered personally or sent by facsimile transmission or by prepaid registered post or by e-mail to the addressee at the address or (as the case may be), the e-mail or facsimile number (if any), of that party set opposite its name below: To the Trading Member at: Name of the person concerned Mr. Vipul Jyotindra Shah Address JHAVERI SECURITIES LTD.

301,302 - payal Tower II, Sayajigunj Vadodara - 05 Ph.: 0265-2226201 e-mail: [email protected]

17A To the Client at: Name of the person concerned (In Capital Letters): __________________________________________________________

Address: _______________________________________________________________________________________________

Fax #: _________________________________________________________________________________________________

e-mail: (in Capital Letters as shown below) _________________________________________________________________ e.g.: [email protected] Or at such other address, facsimile number or e-mail address as the party to be served may have notified the other in accordance with the provisions of this Clause. Notwithstanding anything stated above, communication relating to orders, margins, maintenance calls and other similar matters in the ordinary course of dealings between the Trading Member and the Client may be communicated orally. 15. EXTRAORDINARY EVENTS The Trading Member and/or its agents will not be liable for losses caused directly or indirectly by government restriction, Exchange or market rulings, suspension of trading, computer, communication, telephone or system failure, war, earthquakes, flood, accident, power failure, equipment or software malfunction, strikes or any other conditions beyond the Trading Member's control. 16. AMENDMENT TO AGREEMENT The Client understands and agrees that the Trading Member may discontinue his IBT Service in part or in its entirety and change the terms of the Service (including the terms on the Trading Member's IBT Web Site) at any time and from time to time, without prior notice.

mailto:[email protected]


17. TERMINATION OF AGREEMENT: 17.1 The Client agrees that the Trading Member may at any time terminate this Agreement. The Client is aware

and accepts that in view of the nature of the transactions and dealings involved in providing the Service it may not be possible for the Trading Member to give advance notice of such termination or suspension to the Client.

17.2 The Client may at any time terminate this Agreement by not less than seven days notice to the Trading Member, provided that unless the Trading Member otherwise permits, the Client shall not be entitled to terminate this Agreement so long as any amount is payable or securities are deliverable by the Client to the Trading Member.

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

17.4 The provisions of Clauses 14, 20 and 21 of this Agreement shall survive the termination of this Agreement. 18. SEVERABILITY In the event of any provisions of this Agreement being held to be or becoming invalid, unenforceable or illegal for any reason, this Agreement shall remain otherwise in full force apart from the said provision which will be deemed deleted. The parties shall however attempt to replace the deleted provision with a legally valid provision that reflects the same purpose as the deleted provision to the greatest extent possible. 19. WAIVER No forbearance, relaxation or inaction by any party at any time to require the performance of any provision of this Agreement shall in any way affect, diminish, or prejudice the right of such party to require the performance of that or any other provision of this Agreement or be considered to be a waiver of any right, unless specifically agreed in writing. 20. LAW AND JURISDICTION

20.1 This Agreement shall be governed by and construed in all respects in accordance with the laws of the Republic of India and, subject to the provisions of Clause 21, the courts at Mumbai, India shall have jurisdiction over this Agreement and the arbitration proceedings in relation to the Agreement.

20.2 This Agreement and all contracts and transactions between the Trading Member and the Client pursuant hereto shall be subject to the Exchange Provisions, the Rules, Bye-Laws, Regulations, and other provisions of its clearing house, if any, the provisions of the Securities and Exchange Board of India Act, 1992, the Securities Contracts (Regulation) Act of 1956 and the rules and regulations made there under and as amended from time to time.

21. DISPUTE RESOLUTION Any claim, dispute or difference arising between the Parties hereto in respect of this Agreement or any contracts, dealings or transactions pursuant hereto or any rights, obligations, terms or conditions as contained in. this Agreement or the interpretation or construction of this Agreement shall be subject to the grievance redressal procedure of the Exchange and shall be subject to the arbitration procedure as prescribed by the Exchange Provisions. IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the day and year first above written. SIGNED SEALED AND DELIVERED) By the

Signed for and on behalf of Signed for and on behalf of MEMBER: Jhaveri Securities Ltd. CLIENT: _____________________________ By By Signature: _____________________________ Signature: ___________________________ Title Witness: _______________ Title: _______________________________ Authorized Signatory 1. ____________________________ Witness 1. ___________________________ 2. ____________________________ 2. ___________________________

12


CONSENT FOR SECURITIES TRADING USING WIRELESS TECHNOLOGY (BSE)

To, Date: _ _ / _ _ / _ _ _ _

JHAVERI SECURITIES LTD.

301/302 Payal Tower-II,

Sayajigunj,

Vadodara 390005.

Sir,

Sub: Securities trading using wireless technology

I/We ___________________________________ am/are registered as your client with Client Code No. _____________

and have executed the Trading Member and Client Agreement and also the agreement for Internet based trading for

the purpose of trading in the Capital Market (Cash) segment of Bombay Stock Exchange Ltd. (Exchange).

I/We am/are interested in carrying securities trading through use of wireless technology which shall include devices

such as mobile phone, laptop with data card, etc using Internet Protocol (IP).

I/We understand that the terms and conditions applicable to Internet based trading will also be applicable to securities

trading through use of wireless technology. I/We am/are made aware by you regarding all the possible risks,

responsibilities and liabilities associated with securities trading using wireless technology.

I/We understand that you shall provide information with respect to the addresses of Internet web site/web page where

detailed information would be available about securities trading done through the use of wireless technology.

I/We understand that you shall send the Order/Trade confirmation details on our existing E-mail id

_____________________________ (mention e-mail id) on execution of order/trade on ITOR system, as the case may be.

I/We agree that the information sent by you on our E-mail id would be deemed to be a valid delivery of such

information by you. The aforesaid information regarding order and trade confirmation shall also be provided to me/us

on the device used for securities trading through the use of wireless technology.

I/We am/are aware that authentication technologies and strict security measures are required for the securities

trading using wireless technology through order routed system and undertake to ensure that our password is not

revealed to any third party.

I/We therefore request you to enable me / us for carrying securities trading through use of wireless technology.

Thanking you,

Yours faithfully,

(Client)

Name: ______________________________

Signature: ___________________________

Date: _______________________________


CONSENT FOR SECURITIES TRADING USING WIRELESS TECHNOLOGY (NSE)

To, Date: _ _ / _ _ / _ _ _ _

JHAVERI SECURITIES LTD.

301/302 Payal Tower-II,

Sayajigunj,

Vadodara 390005.

Sir,

Sub: Securities trading using wireless technology

I/We ___________________________________ am/are registered as your client with Client Code No. _____________

and have executed the Trading Member and Client Agreement and also the agreement for Internet based trading for

the purpose of trading in the Capital Market segment (Cash), Futures & Options Segment, Currency Segment of National

Stock Exchange Ltd. (Exchange).

I/We am/are interested in carrying securities trading through use of wireless technology which shall include devices

such as mobile phone, laptop with data card, etc using Internet Protocol (IP).

I/We understand that the terms and conditions applicable to Internet based trading will also be applicable to securities

trading through use of wireless technology. I/We am/are made aware by you regarding all the possible risks,

responsibilities and liabilities associated with securities trading using wireless technology.

I/We understand that you shall provide information with respect to the addresses of Internet web site/web page where

detailed information would be available about securities trading done through the use of wireless technology.

I/We understand that you shall send the Order/Trade confirmation details on our existing E-mail id

_____________________________ (mention e-mail id) on execution of order/trade on ITOR system, as the case may be.

I/We agree that the information sent by you on our E-mail id would be deemed to be a valid delivery of such

information by you. The aforesaid information regarding order and trade confirmation shall also be provided to me/us

on the device used for securities trading through the use of wireless technology.

I/We am/are aware that authentication technologies and strict security measures are required for the securities

trading using wireless technology through order routed system and undertake to ensure that our password is not

revealed to any third party.

I/We therefore request you to enable me/us for carrying securities trading through use of wireless technology.

Thanking you,

Yours faithfully,

(Client)

Name: ______________________________

Signature: ___________________________

Date: _______________________________


DECLARATION FOR MOBILE NUMBER

I/We ___________________________________________ having PAN No ________________________ hereby declare that

My/our mobile no. Is _______________________ Further I/We Authorize hereby confirm and agree to receive SMS/

Alert /Call / Any Information which will be sent to my/our mobile no. mentioned above, even though registered under

NDNC.

_________________________________ (Signature of Client)

Name: ________________________________________________________________________________________________

Client Code: _______________________________

Address: _______________________________________________________________________________________________

______________________________________________________________________________________________________

Phone No.: ________________________________

Date: _____________________________________

Verified by (to be done by _________________________________)

Name of Employee: __________________________________________________________________

Signature: _______________________________

Date: ___________________________________

29

Witnesses :

1) Name : Signature

2) Address :

Witnesses :

1) Name : Signature

2) Address :

For Stamp

(Signature as per De-mat Accounts)

J

For Jhaveri Securities Ltd.

Authorised Signatory

LIMITED POWER OF ATTORNEY

Date at this Day of

1)st

1 Holder Name

2) nd2 Holder Name

3)rd

3 Holder Name

22/29

22/29

22/29

(Voluntary)

TO All TO, WHOM THESE PRESENTS SHALL COME I/WE

Residing at India, Indian inhabitant SEND GREETINGS.

Whereas I/We hold a beneficiary account no. (BO-ID) with National Depository Services (India) Ltd, through Jhaveri Securities Ltd bearing DP-ID IN301991. And Where as I/We as client are engaged in buying and selling of securities through Jhaveri Securities Ltd, a member of Bombay Stock Exchange Ltd, Mumbai bearing SEBI registration no: INB 010823236 & INF 010823236 and/or National Stock Exchange of India, Mumbai bearing SEBI registration No. INB 230823233 & INF 230823233.

And whereas due to exigency and paucity of time, I/We are desirous of appointing an agent attorney to operate the aforesaid beneficiary account on my behalf for a limited purpose in the manner hereinafter appearing:

NOW KNOW ME/US WELL AND THESE PRESENTS WITNESS THAT I/WE THE ABOVE NAMED DO HEREBY NOMINATE, CONSTITUTE AND APPOINT Jhaveri Securities Ltd as my/our true and lawful attorney (hereinafter referred to as attorney) for me/us and my/our behalf and in my/our name to do instruct the aforesaid Depository Participant to debit securities and/or to transfer securities from the aforesaid account for the purpose of delivering the same to the clearing house of the recognized stock exchange towards any segment in respect of securities sold by me/us through them and/or towards Margin & Security towards outstanding balance/s, if any.

To apply for various products like Mutual Funds, Public Issues ( shares as well as debentures), rights, offer of shares, tendering shares in open offers, Redemptions of Mutual Fund Units, Bond, Debenture and equity Shares etc as per client's instructions.

This authority is restricted to the pay-in/obligations arising out of the transactions of sale effected by me/us through Jhaveri Securities Ltd (a clearing member) and I/we ratify the instructions given by the aforesaid Clearing Member to the Depository Participant named here in above in the manner specified herein.

This Authority for Operating, apply for various products of the company has been executed in favor Jhaveri Securities Ltd Member of BSE and NSE and MCX ( Cash and FNO and Currency Segment of the Exchanges ) and as Depository Participant of NSDL.

I/ We client should provide the list of clients' & brokers' Bank accounts & demat accounts where funds and securities can be moved as per Annexure attached and inform by Jhaveri Securities Ltd from time to time to me / Us.

This Authority shall continue until I / We have given instruction to Revoke/Cancel Limited Power of Attorney to the Depository Participant in writing.

In witness whereof I / We have executed this revocable Limited Power of Attorney on the day, date and year herein below mentioned.

Client Code: Client Demat ID:

From: Mr/Mrs./M/s. _________________________________________________________________ SUB BROKER CODE ____________ RBRD CODE ____________

To, Jhaveri Securities Ltd 301-302, Payal Complex, Sayajigunj, Vadodara: 390 005

Sir,

Sub: Mutual Fund Service System (NSE/MFSS/BSESTARMF) facility and BSE Star Mutual fund

Services (BseStarMF)

I/We __________________________________________________ am/are registered as your client with

Client Code No. __________________ and have executed the Trading Member and Client Agreement for

the purpose of trading in the Capital Market segment of National Stock Exchange of India Ltd. and

Bombay Stock Exchange Ltd (Exchange).

I/We am/are interested in availing the MFSS/BSESTARMF facility of the Exchange for the purpose of

dealing in the units of Mutual Funds Schemes permitted to be dealt with on the MFSS/BSESTARMF of the

Exchange.

For the purpose of availing the MFSS/BSESTARMF facility, I/we state that Know Your Client details as

submitted by me/us for the stock broking may be considered for the purpose of MFSS/BSESTARMF and

I/we further confirm that the details contained in same remain unchanged as on date.

I/We are willing to abide by the terms and conditions as mentioned in the Circular dated

NSE/MFSS/BSESTARMF/003/2009 dated November 24, 2009 / Notice 20091202-3 dated 2nd December 2009

and as may be specified by the Exchange from time to time in this regard.

I/We shall ensure also compliance with the requirements as may be specified from time to time by

Securities and Exchange Board of India and Association of Mutual Funds of India (AMFI).

I/We shall read and understand the contents of the of the Scheme Information Document and Key

Information Memorandum, addenda issued regarding each Mutual Fund Schemes with respect to which

I/we choose to subscribe/redeem. I/We further agree to abide by the terms and conditions, rules and

regulations of the Mutual Fund Schemes.

I/We therefore request you to register me/us as your client for participating in the MFSS/BSESTARMF.

Depository Name NSDL PAN NUMBER

Depository Participant Name JHAVERI SECURITIES LTD 1.

DP –ID I N 3 0 1 9 9 1 2.

Beneficiary Account Number 3.

Thanking you, Yours faithfully, _________________________ _____________________ _____________________ Signature (1st Holder) Signature (2nd Holder) Signature (3rd Holder)

AUTHORITY LETTER FOR SETTELMENT

FROM: ______________________________

______________________________

______________________________

TO,

JHAVERI SECURITIES LTD

VADODARA.

SUB: Authority letter for settlement of Accounts for MF Segment

I __________________________________________________________________ residing at above

mentioned address hereby authorize my broker Jhaveri Securities Ltd register member of NSE / BSE and

registered participant with AMFI to do on my behalf following act for which I had concerted on

conditionally as follow.

1. To charge the fees as per agreed terms and as per fee structure in my above said trading account

for subscription / redemption / switchovers and other transactions.

2. To Transfer fund from audit in other segment buying with JSL in my trading account to settle first

mutual fund settlement obligation.

3. To transfer fund from my family accounts in case shortage in my trading account and audit lies

with my FAMILY TRADING ACCOUNT as specified by myself with the prior cancel of my

family members listed below.

NAME OF CLIENT TRADING ACCOUNT NO SIGNATURE OF CLIENT FAMILY

ACCOUNT

4. To lien mark/freeze specific schemes of mutual fund for which my account with JSL has not

settled till I settle the account clear the Dues.

5. To charge late pay 2 fees in circumstances where I could not settled the /clear the account in

prescribed time schedule of settlement by exchange.

The above authority letter I/We have/had signed for the smooth dealing by understanding the benefit of

online MF & other facilities.

Thanking you,

Yours faithfully,

________________________ __________________________ _________________________

1st holder 2nd Holder 3rd Holder


TERMS AND CONDITIONS GOVERNING CALL AND TRADE FACILITY

1. The following are the specific terms and conditions relating to the Call and Trade facility (hereinafter referred to

as "Call and Trade") being offered to the Clients by Jhaveri Securities. In case the same are not acceptable, please

do not use this facility. The acceptance of the terms as mention below and the terms and conditions displayed on

the Website and contained in the Client Agreement are a prerequisite for availing of this facility.

Definitions

a. "Call and Trade" shall mean the facility provided by Jhaveri Securities to the Clients, whereby the Client

can place order(s) over the phone for transactions in securities, to be executed by Jhaveri Securities, in

those securities that are made available to the Client for trading by Jhaveri Securities.

b. "CSE" shall mean the Customer Service Executive appointed by the call centre(s) for the purpose of

providing the Call and Trade facility.

c. "Website" shall refer to www.jetrade.in or to such other website as may be maintained by Jhaveri

Securities from time to time.

2. For the purpose of availing of Call and Trade, the Client will be required to call on the specific numbers intimated

or notified from time to time by Jhaveri Securities for the said purpose by means of an email and/or by putting up

such numbers on the Website or otherwise. Such numbers will be subject to changes at Jhaveri Securities Ltd’s sole

discretion, which change shall be intimated /notified to the Client within reasonable time of such a change.

3. Client needs to provide accurate answers to the questions asked by CSE, including the client user ID, for

ascertaining the genuineness of the caller. Jhaveri Securities Ltd shall place the order for the client only after the

client’s credentials have been verified by the CSE in the above manner.

4. The Client hereby authorizes Jhaveri Securities to use the Client Code made available by him for the purpose of

executing the orders placed by the Client over the phone and agrees to hold Jhaveri Securities harmless for any

such usage. All orders placed by Jhaveri Securities on behalf of the Client using the Client’s code shall be deemed

to have been placed by the Client himself.

5. The orders placed by the Client with the CSE for execution shall be orders for execution on the National Stock

Exchange or such other stock exchanges notified from time to time by Jhaveri Securities, for this purpose.

6. The Client shall place the orders during market hours with the CSE for execution on the same trading day. All

orders placed by the Client after market hours shall be entered for execution by Jhaveri Securities on the next

trading day of the National Stock Exchange of India Ltd. or such other stock exchanges notified from time to time

by Jhaveri Securities, for this purpose.

7. The Client understands, agrees and authorizes Jhaveri Securities at its discretion and without further prior notice

to the Client, to monitor and record any or all telephone conversations between the Client on one hand and the

CSE on the other so as to ensure the maintenance of an audit trail of the transactions placed through this facility.

8. The Client must note that for security reasons, the Client himself will be required to call and place the required

orders over the phone in accordance with the terms hereof.

9. Neither Jhaveri Securities nor the CSE shall accept any liability that may arise as a consequence of the incomplete

/incorrect data or information provided to the CSE over the phone and/or any error in the execution of an order

due to such incomplete/incorrect data. Further neither Jhaveri Securities nor the CSE shall be liable for any loss

that may be incurred by the Client due to a third party placing orders.

10. Once the orders are placed by the Client over phone and are sent by Jhaveri Securities to the Exchange for

execution, the Client may check the status of such orders, online on the website, in the same manner as in the

case of online share transactions placed by the Client through the Website.

11. The Client hereby agrees to hold Jhaveri Securities and the CSE harmless against all actions, claims and liabilities

that may be incurred by them due to any action initiated or threatened that may be initiated against them due to

the performance of any of their obligations herein and agrees that Jhaveri Securities and the CSE shall not be liable

for any loss suffered by the Client on account of non execution of the order placed over the phone due to any

reason whatsoever.

Yours Sincerely

________________________

(Signature of Applicant)

AUTHORITY FOR AUTO PAY IN

I/We _____________________________________________________________________________ and

__________________________________________________________________________________ and

____________________________________________residing at ________________________________

_____________________________________________________________________________________

Hereby authorize registered participant Jhaveri Securities Ltd Member of National Stock Exchange of

India, Mumbai and Bombay Stock exchange herein after, refer as participant having their corporate

office at 301-302, Payal tower II, Sayajigunj, Vadodara.390005. To do on our behalf following act

which I / we have confirmed.

1. To place order for subscription / redemption to the extent credit balance buying on our account.

2. To Debit units of mutual fund schemes to the extent redemption order confirmation to deliver

against delivery obligation in NSCCL POOL S/C IN 556576, NSCCL Pool account in Mutual Fund

segment in respective settlement and / or pool account of participant for MF.

3. To lien Mark/hold units of Mutual Fund in my/our Demat account in case when payment against

subscription and fees not settled / default to the extent due amount.

I/We confirm and authorize Jhaveri Securities Ltd participant register under AMFI and stock exchanges to

act as above. I/We further aware that above authority for auto pay in stands cancelled once I/We give

cancellation of Auto pay in Authority for MF Segment.

I/We hereby confirm execute this authority on _____________ day of _________ 200_____.

Thanking you, Yours faithfully,

___________________ _________________________ ___________________

1st Holder 2nd Holder 3rd Holder


I. Description Risk Management is the identification and evaluation of risks to an organization - including risks to its existence, profits and reputation - and the acceptance, elimination, controlling or mitigation of the risks and the effects of the risks. Risk management in financial field focuses on risks that can be managed using financial instruments. It is designed to reduce different risks related to a pre-selected domain to the level accepted by society.

II. Types of RMS There are two type of Risk Management System (RMS) Policy: 1. Normal Market RMS Policy which will be applicable in Normal Market Movement.

2. Panic Market RMS Policy which will be applicable in Panic Market Movement considering below criteria’s:

o If Base Index (Sensex / Nifty) makes movement of 6% on either side

o If Base Index (Sensex / Nifty) makes cumulative movement of 10% on either side

o Markets are specifically declared as Panic RMS by RMS dept.

Panic Market will be declared as Normal when market starts making movement of less than 3% on two consecutive days or as declared by Risk Management Department of JHAVERI Securities Ltd.

III. Explanation 1. Normal Market RMS Policy

Margin (Cash + Collateral Stock)

o Margin must be kept for minimum 3 months of time.

o Minimum 25% cash margin is required

o Interest will be given on Cash Margin and will be considered 1% above the prevailing RBI Saving Bank

Rate.

o In case of Stock Collateral, stock will be accepted with 10% haircut in Nifty 50 scrip & 25% haircut in

F&O traded scrip.

Daily limit will be given on Ledger + Margin (Cash + Collateral Stock (after Hair Cut)

o Delivery 1 time

o Margin (Intraday) 6 time (Auto square up 03:10)

o Margin Plus (Margin Order with Covered Order)

o F&O – Span + Exposure margin will calculate for intraday position

o Stocks available in Beneficiary, De-mat will be uploaded as stock.

o Limit against sell of securities in Holding, Beneficiary

Square Up position on 5th day i.e. (Monday dr. will be square up on next Monday)

o While squaring up the position, consider Cash Margin only.

o Late Payment Charges will be levied as 18% after T+2 days. (Cash Margin will not consider)

2. Panic Market RMS Policy

Margin (Cash + Collateral stock)

o Margin must be kept for minimum 3 months of time.

o Minimum 25% cash margin is required

o Interest will be given on Cash Margin and will be considered 1% above the prevailing RBI Saving Bank

Rate.

o In case of Stock Collateral, stock will be accepted with 20% haircut in Nifty 50 scrip & 50% haircut in

F&O traded scrip.

Daily limit will be given on Ledger + Margin (Cash Margin + Stock in Margin (after Hair Cut)

o Delivery 1 time

Risk Management system (RMS)


o Margin (Intraday) 2 time (Auto square up 02:45)

o Margin Plus (Margin Order with Covered Order)

o F&O – Span + Exposure margin & Exposure margin will calculate for intraday position.

o Stocks available in Beneficiary, De-mat will be uploaded as stock.

o Limit against sell of securities in Holding, Beneficiary

Square Up position on 4th day i.e. (Monday dr. will be square up on Thursday)

o While squaring up the position, consider Cash Margin only.

o Late Payment Charges will be levied as 18% after T+2 days. (Cash Margin will not consider)

Online Fund Transfer (Pay-in / Payout) will be permitted up to 05:30pm. Daily limit will be given accordingly. (If cheque is deposited then credit will be consider after reconciliation from the bank)

IV. RMS Guidelines for Trades By Clients The following are the broad guidelines for the purpose of Risk Management to be followed in the case of different types of trades: 1. In case of Delivery Based Trades

a. General: Transactions are allowed only in cash market of NSE and BSE exchange. b. Setting of Limits:

i. In case of online transfer of funds by clients the limit will be given as an add-on limit. ii. Cheques shall be accepted from only those accounts which are linked with Back office Software. If

not mapped, the client is required to give the proof of his bank account for record of Jhaveri Securities Ltd. Cheques from a current account where a client is the sole proprietor would not be acceptable. Non-MICR cheques, out station cheques and Demand Draft will not be accepted.

iii. Product Multiplier is 1 time. iv. DIS from any other DP to be accepted from the client and ad hoc limits for sell to be given only on

receipt of shares in the beneficiary account maintained with JSL Pool account as per surveillance software process.

v. Sell of stock only to the extent of the following:

availability of stock i.e. to the extent of quantity available as per asset register uploaded for DP Free (DP)

Beneficiary stocks held on debit balance

Stocks under obligation 2. In case of Margin (Intra-day) trades

a. General: Transactions to be allowed only in cash market of NSE and BSE Exchange. b. Setting of Limits:

i. Purchase or sell position in intraday is allowed only against availability of adequate buying power ii. Exposure will be given for online clients on multiplier as decided by RMS Head from time to time. iii. No check for stock at time of sell i.e. short position can be taken to the extent of availability of

applicable margin. iv. Intra-day booked profit / Loss to be credited / debited to the buying power on reversal of intraday

positions, but not to be allowed for withdrawal. v. Intra-day accrued M2M loss to be debited from the buying power vi. It is mandatory for a client that all positions are reversed/squared off prior to specify time frame

for square off by RMS team. c. Other restrictions:

i. Trades not allowed for T, TS, and Group scrips in BSE and BE series scrips in NSE (as exchange settles such trades on delivery basis)

d. New listed scrips on the 1st day – Trade are not allowed on new listed scrips on the 1st day of listing. 3. In case of F&O (Futures & Options) transactions

a. Setting of limits: i. Positions to be restricted to the extent of margin amount of open positions and additional clear

cash available (if any). ii. Intraday Booked profit / Loss to be credited / debited to the buying power but not to be allowed

for withdrawal. iii. Premium credit on square off trades to be given to buying power iv. If any existing position is reversed then applicable margin to be released and to be added to the

buying power but not to be allowed for withdrawal b. Restrictions:


Trading not to be allowed in Contracts in ban period and in market wide position limits (as per Exchange circular) and any other guidelines set by exchanges from time to time. RMS may block intraday or new positions in F&O scrips, which are in ban period.

V. Forceful Square off by RMS

The RMS team may square off the clients’ positions without notice to the clients in the following cases: 1. In case of debit in Ledger balance due to buying delivery against collateral, clients have to provide funds on T+1

day before such time as specified by RMS from time to time. 2. In case of debit in Ledger balance due to creating position in F&O segment, clients have to provide funds on T+1

day before such time as specified by RMS from time to time. 3. In case debit in Ledger balance due to M2M or Booked loss of previous day, clients have to provide funds on T+1 day

before such time as specified by RMS from time to time. 4. In case of confirmation from back office for chq bounce / third party chq deposit. 5. In case, scrip is banned / not allowed for trading / withdrawal from F&O/ as per exchange. 6. In Case where value of margin falls below 5% of Net Positions (either by way of Enhanced positions or by M2M as the

case may be. In any of above cases the receipt of deposited cheque receipt will not being provided. RMS will square off the Cash Position (Stock in beneficiary / Stock in POA / Stock in Collateral) / F&O position as soon as possible to nullify the debit of client. Common Practices a. BUYING POWER / Deposit = T day ledger balance after adjusting (Latest Span + Exposure margin applied on F&O

positions)+ Pre Pay in received. b. WITHDRAWABLE BALANCE = T – 2 day ledger balance after adjusting (Latest Span + Exposure margin applied on

F&O positions) - future debits c. Funds withdrawal request to be restricted to the extent of withdraw able balances d. If withdrawal request is greater than such balance, instruction to be rejected e. Z Group/Physical Securities are restricted. f. For Client/Dealer facility required transferring position across products to the extent of free availability of cash

margin requirement as per the respective product rules or full Stock available. g. For intra-day position, if M2M reach at 70% then no new position will be allowed, only square will be allowed. If

M2M reach at 80% then position will be square by system automatically. h. Client will not be permitted to take position in a single script for more than 70% of permitted limit. If at all cross

80% then position will be square up by system. i. For intraday position, square up will be automatically at 03:10 by system, after which client will not be permitted

to take intraday position. Note: Jhaveri Securities Ltd is not responsible for any loss incurred to client for not being able to square up daily Margin Position for any reason of Upper Circuit, Lower Circuit, and Technical Snaps etc. Disclaimer: This document has been prepared by JHAVERI Securities Limited (JHAVERI).The document is for customer information only and does not constitute investment advice or an offer to purchase or subscribe for any investment form JHAVERI. Any loss or damage that may arise to any person from any inadvertent error in the information contained in this report then JHAVERI or any of its affiliates/ group companies shall not be in any way responsible for the same. The information in the document should be investigated as it deems arrive at an independent evaluation of an investment in the securities of companies referred to in this document, and should be consulted by his/her own advisor. This information is strictly confidential and is being furnished to you solely for your information. JHAVERI reserves the right to make modifications and alterations to this statement as may be required from time to time. This information is subject to change without any prior notice. Persons accessing this document are required to inform themselves about and observe any relevant restrictions.

Signature of the Client

SEBI REGISTRATION NO.: NSE: INB/F/E 230823233, BSE: INB/F 010823233, MCX SX:INE: 260823233 and NSDL: IN-DP-NSDL-166-2000 NCDEX: TMID 00749 / FMC REG NO.NCDEX / TCM/CORP/0736

MCX: TMID 29040/FMC REG NO. MCX/TC/CORP/0963Note *: Dealing in commodity segment through it's group company Jhaveri Credit & Capital Ltd.

Distributors for IPOs & Mutual Funds. Past performance is not a measure for future returns.

Documents

Migration Application · 2011-06-15 · I/We refer to my/our aforementioned application for opening of online trading Client Account (“Client Account”) with Jhaveri Securities