Whereas the client intends to open securities trading accounts with R J Stock Broking Pvt. Ltd.., (hereinafter referred as RJSBPL) for the purpose of trading in Capital Market Segment, Futures & Options and Currency Derivative Segments of the National Stock Exchange of India Ltd., the Bombay Stock Exchange Ltd., transactions Facilities offered by Stock Exchange and whereas for the purpose of more fully and conveniently availing of the services agreed to be provided by RJSBPL and also the additional services that may be made available by RJSBPL from time to time, the Client, on its own free will and volition, agrees to accept and be bound by the following terms and conditions. The Client understands that these terms and conditions are voluntary i.e, non-mandatory in nature but on their acceptance, these shall constitute the contract between the parties and bind them fully and be enforceable by each party against the other.
1. Authorization to debit additional charges with regard to Trading Account: Without prejudice to the other rights and obligations of the parties, the client understands and agrees that RJSBPL may levy additional charges / Counter Demat account for any service rendered by RJSBPL and as may be required by the Client, and recover from the Client all reasonable costs, as may be incidental or consequential for rendering the said services. The said charges will be debited to the clients ledger account with RJSBPL.
2. Lien: All securities, funds and/or properties (Any assets available with RJSBPL) of the Client as may be permitted by the Exchange(s) from time to time to be placed with RJSBPL shall be subject to a lien for the payments or fulfillment of all undischarged liabilities and obligations of the Client in relation to its transactions or owing to any of the group companies of RJSBPL. RJSBPL shall be entitled to withhold such securities, , funds and/or property of the Client as security towards any such un-discharged liabilities or obligation of the Client and to sell and/or appropriate to itself all such securities, , funds or properties at its sole discretion & at any point of time, without notice to client.
3. Authorization for delivering / pledging shares: The client understands and agrees that RJSBPL may deliver to the Exchange any securities held by it on behalf of the client to discharge settlement obligations in respect of securities sold by the client or pledge the same with the clearing house of the recognized stock exchange in any segment where the Client is registered for trading for the purpose of providing margin for the trading positions contracted or to be contracted by the Client or with any scheduled commercial bank, Non-Banking Financial Institution or other financial institution for raising funds to the extent account of the client carries debit balance but without any obligation on its part to so raise funds by pledging the securities and without prejudice to the right of RJSBPL to enforce, at its option, the collateral security in the securities to recover the debit balance at any time.
4. Authorization for Inter segment fund balance transfer and stock transfers: The client hereby authorizes RJSBPL to transfer its debit/credit balances in the ledger account arising during the course of trades in any segment including segment to its ledger account in any other segment including segment or to transfer any stock purchased/lying in its account in any segment including segment to its account in any other segment as often as may be required. The transfers may be completed by passing journal entries in the books of RJSBPL.
5. Disclaimer: The Client understands and agrees that neither RJSBPL nor any other party disseminating any market data, message or information through the Website of RJSBPL or in any other media shall be liable for: (a) Any inaccuracy, error, omission or delay in the transmission or delivery of any such data, information or message, or (b) Any loss or damage arising from or occasioned by (i) Any such inaccuracy, error, delay or omission, (ii) Nonperformance, or (iii) Interruption in making available any such data, information or message, due to either any act or omission by RJSBPL or any disseminating party or to any "force majeure" (e.g. flood, extraordinary weather condition, earthquake or other act of nature, fire, war, insurrection, riot, labour dispute/unrest, accident, action of government, communications or power failure, equipment or software malfunction) or any other cause beyond the reasonable control of RJSBPL or any disseminating party.
6. Manner/Mode of placing orders/instructions & Nonexecution/ delay/cancellation of Orders: The Client may communicate orders and other instructions to RJSBPL or the subbroker/ authorised person as the case may be over phone at the designated contact telephone number, or in writing, or through designated email, or by personally visiting the designated office. The client hereby agrees that RJSBPL or the Exchanges shall not be liable for non execution or partial execution of any orders caused due to suspension, interruption, or malfunctioning of the online as well as offline trading services, disruptions or congestion of communication net works, hardware or software problems, or failure of the electronic trading beyond the control of RJSBPL or the Exchange.
7. Client not to act on representations of agents, employees: Client is aware that RJSBPL has not authorized any agents, representatives, employees or other persons to make any representation, or to give any promise, assurance, warranty, undertaking or commitment as to return on investment of the Client whether in writing or otherwise on behalf of RJSBPL.
8. Recording of Conversation: The client is aware and agrees that RJSBPL may tape record the conversation between the client/client's representative and RJSBPL, whether over the telephone or in person, as per applicable laws, rules and regulations of SEBI / Exchanges. RJSBPL may produce before competent authorities, voluntarily or on such production being required by such authorities, recorded conversation or transcript thereof or both as valid evidence of the content of the conversation so recorded.
9. Confidentiality of Client Details: RJSBPL may disclose the client information to any person /entity as required under the law or to any broker's Association or organisations in case of dispute in order to take informed decision. The Client hereby agrees and give its consents for the disclosure by RJSBPL to any person or entity including but not limited to any independent third parties or any entities of RJSBPL Group, whether within or outside India, or credit bureau of any information and data relating to Client or relating to Client's trading account with RJSBPL for the purposes of or in connection with, any present or proposed initiatives, including but not limited to any marketing or cross sell initiatives, business proposals, activities, facilities or services availed of or to be availed, by Client in future.
10.The client agrees that RJSBPL may appoint agents, credit bureau for carrying out the acts mentioned in or in relation to rendering its services and hereby consent to share his account related information, reports issued by such credit bureau to any such parties for various Regulatory and other purposes.
11. Disclosure as to Proprietary Trades by RJSBPL: RJSBPL may carry out proprietary trades in addition to trades on behalf of its Clients.
12. Severance: In case any one or more of the terms and conditions contained in this document become invalid, illegal or unenforceable in any respect under any applicable law, the validity, legality and enforceability of the remaining provisions contained herein shall not in any way be affected or impaired thereby.
13. No Waiver: No forbearance, relaxation or inaction by any party to require from the other erformance or discharge of any obligation to be performed or discharged by the other under this document shall in any way affect, diminish, or prejudice the right of such party to require of the other party at any time such performance or discharge, or performance or discharge of any other obligations under this document or be considered to be a waiver of any rights, unless the waiver is specifically agreed in writing.
14. Notices: All notices or communications issued by RJSBPL shall be served on the Client in any one or more or all of the following ways at the ordinary business address and/or ordinary place of residence and/or last known address of the client:
14.1 (a) By ordinary post or (b) By registered post or (c) By express delivery post or (d) by SMS on registered mobile or by telephonic call or (e) By affixing it on the door at the last known business or residential address or (f) By oral communication to the party or on the last known telephone number or on the recording machine of such number or (g) By advertising it in at least one rominent daily newspaper having circulation in the area where the last known business or residential address of the client is situated or (h) By publishing it on the website of RJSBPL wherein secured log-id and password to Client is provided or (i) By a notice posted on the notice board of the Exchange if no address be known or (j) By electronic mail or fax or (k) By hand delivery or By Courier or any other approved mode as may be allowed for communication.
14.2 Notwithstanding anything stated above, communication relating to orders, margins, maintenance calls and other similar matters in the ordinary course of dealings between RJSBPL and the Client may be made orally.
15. Electronic Contract Note (ECN):
15.1. Client agree to receive contract notes in Electronic/Digital Form (ECN) authenticated by means of a digital signature in lieu of Physical Contract notes through e-mail by authorizing RJSBPL in this connection and providing the e-mail address(es) at which the Client wishes the ECN to be sent.
15.2. The Client shall access and verify the ECN and all information contained therein, In case of discrepancy the Client, shall inform RJSBPL either in writing or via E-mail within reasonable time of the receipt of the same. RJSBPL shall also publish the Contract Note on the Web site www.RJSBPLone.in or on any other designated location specified by RJSBPL from time to time. The Client will be issued a login and password by which the Client can login in to his account and view/save/print the ECN. Should the Client experience any difficulty in opening the ECN, RJSBPL may, on advice by the Client, make the Contract Note available by any other means (e-mail, electronic mail attachment, or in the form of an available download from the back office web site or by delivery of a hard copy). Client's failure to advice RJSBPL of such a difficulty shall amount to valid delivery and viewing of the document by the Client.
16. Electronic Transmission of other Documents: The Client who have opted for ECN agrees that RJSBPL may transmit to the Client any statements, documents or intimation including, but not limited to, Margin Statement, Statements of Funds and Securities, margin and maintenance calls & other notices /communications document mandated by SEBI/Stock Exchange/Depository in electronic mode either at the e-mail ID designated for delivery of ECN or to the mobile number of the Client or both and, in case of non receipt of bounced mail/non delivery of SMS notification, RJSBPL shall be deemed to have fulfilled his obligation to deliver to the Client such documents. Discrepancies if any in documents should be brought to the notice of RJSBPL within reasonable time from issuance failing which the documents shall be deemed to be true and correct record of transactions stated therein.
17. Electronic Payment Gateway for Net Banking Services: RJSBPL may provide on its internet trading website, without additional cost to the Client, access to Electronic Payment Gateways provided by various banks for facilitating transfer of funds from Client's bank account to the account of the Client with RJSBPL. Client understands that RJSBPL is only providing access to the electronic fund transfer facility provided by the banker of the Client through RJSBPL's website by means of an interface and is not liable or responsible for the proper functioning or otherwise of the Gateway or for any transaction errors, losses, malfunctioning or hacking of the system by unscrupulous elements, frauds, and/or any incidental or consequential claims arising thereout. Client undertakes not to make RJSBPL a party to any litigation, claim, dispute, difference or complaint that the Client may initiate in respect of, arising out of or in connection with any transactions on the Gateway and agrees that RJSBPL’s liability shall at all time be limited to the amount actually received in its account by electronic transfer from Client's account with the Bank.
18. Internet / Wireless Technology based Trading facility:
18.1. RJSBPL offers Internet and mobile Trading facility for transaction in securities on the concerned Exchanges including facilities for online application of IPO / FPO / NFO / Bond issues or any other issues of securities or services to apply/purchase/redeem/ sale/buyback or otherwise deal in the units of Mutual Funds (hereinafter referred to as "the Internet/wireless Trading system") through Exchange approved software. The Client can route its orders to RJSBPL over the internet/mobile/laptop with data card or any other devices which use internet protocol for purchasing, selling and dealing in securities. The Client may avail of such Trading facility provided by RJSBPL by complying with the formalities prescribed therefore.
18.2. Non-usage of Internet/Wireless Trading Facility: If the Client does not use the Internet/Wireless Trading Facility for a continuous period of 3 months or such other period as RJSBPL may notify, the facility may be deactivated without notice and the Client shall comply with the prescribed formalities for reactivating the facility. Trades can, however, be executed at all time by placing orders off-line with the concerned branch of RJSBPL.
18.3. The client understands and agrees that RJSBPL has different product of the Internet Trading /Wireless Trading software which have been approved by the Exchanges and the client shall be allotted such product as may be chosen by him. The client also understands and agrees that depending on the trading activity of the client, RJSBPL shall have the exclusive right and liberty to change the product version allotted to the client and allot a different product version of the Internet Trading/Wireless Trading facility.
18.4. Orders of Client subject to review by RJSBPL: The Client agrees that the RJSBPL may, on being suspicious of any of the transactions, review any order placed by a Client, which may cause delays in the processing of the Client's order or may result in rejection of such order.”
19. Extra Ordinary Events and termination/suspension of trading facility: RJSBPL will not be liable for losses caused directly or indirectly by government restriction, Exchange rulings, suspension of trading, computer, communication, telephone or system failure, war, earthquakes, flood, accident, power failure, equipment or software malfunction, lack of connectivity, congestion or disruption of communication net-work or links, software glitches or corruption, low processing speed, strikes or any other conditions beyond RJSBPL's control resulting in nonexecution, partial or incomplete execution of orders and the resulting financial loss, if any RJSBPL may at any time terminate, discontinue or temporarily suspend trading facility provided to the Client in the event of any such extraordinary event occurring without giving prior notice to the Client.
20. Amendments to the terms and conditions : RJSBPL reserves the right to amend the terms and conditions herein contained by adding, deleting, modifying, or varying the provisions thereof by giving 15 days’ notice to the Client ( other than in respect of Stamp Duty, GST, Education Cess & Statutory Levies for which RJSBPL shall provide a 30 (thirty) days’ prior notice or such other period permitted under applicable law as detailed in this form). In the event where the client has not objected to revised terms and conditions within 15 days of receiving such notification, the same shall be binding on the client. The terms and conditions and amendments made by RJSBPL from time to time is available on companies’ website https://rjbroking.com/
21. Parties agree that all claims, differences or disputes between them, arising out of or in relation to this mandatory and voluntary client / registration document, any dealings and transactions made subject to the Bye laws, Rules and Regulations of the Exchanges shall be submitted to arbitration for resolution in accordance with the provisions of the Arbitration and Conciliation Act, 1996 and the Byelaws and Regulations of the concerned Exchange. Provided, however, that recourse shall not be had to the arbitration, the grievance redressal mechanisms or to the investor protection schemes of the of the Exchanges or SEBI where the claims, differences or disputes exclusively arise out of or relate to any contracts entered into; transactions carried out; schemes, leagues or competition joined; other arrangements or understandings reached or relations established by the client with a group concern or associate of the Stock Broker or any third parties and to which the Byelaws, Rules and Regulations of the Exchange are not attracted and the Client understands and agrees that any application for invoking the arbitration/grievance redressal mechanisms or investor protection schemes of the Exchange in relation to any such dispute, claims or differences shall be liable to be dismissed.
22. Setting up of Exposure Limits:
22.1. RJSBPL may sanction trading limits to the Client based on the margin lying to the credit of the Client in the form of found / securities / bank guarantees / fixed deposit receipts. RJSBPL at its sole direction may refused to accept ant securities as collateral / margin. RJSBPL shall from time to time publish a list of securities which would be acceptable as collateral / margin. In setting exposure limits for the Client, RJSBPL shall be entitled to consider such factors as it may deem fit, including without limitation, the client’s risk profile, risk appetite, loss bearing capacity, payment history, market volatility, risk management policy of RJSBPL and such other purpose. RJSBPL reserves liberty to vary the trading / exposure limits of the Client depending upon its risk assessment from time to time having regard to the changes in any of the factors or market conditions bearing on the risk profile of the Client.
22.2 Neither RJSBPL, nor any affiliate of Angle nor their respective directors, officers, employees, agent shall any circumstances be liable for any direct or indirect loss, cost, liability, expense or damage (including without limitation all legal fees & expenses) arising from any variation or reduction of exposure or turnover limits by RJSBPL.
23. Client to have a Mobile connection: Client agrees to have a mobile connection as a pre-condition to opening & maintaining the a/c with RJSBPL & undertakes to notify RJSBPL promptly whenever he/she/it obtains a new mobile connection in replacement of a mobile previously notified to RJSBPL.
24. Aggregation of open market positions of the Client by the exchange: Client agrees that if the Exchange directs / advise RJSBPL to reduce the exposure of the Client in any outstanding open interest in any contract, because the market exposure of the client in the contact, individually, or taken together with that of related parties, exceeds the maximum allowable open position prescribed by the Exchange for an individual client or for all clients of RJSBPL in the contract, RJSBPL May square off the open market positions of the client in the contract as directed by the Exchange. client also agrees that, though RJSBPL may on a best effort basis inform the client of the direction given by the Exchange, it is under no obligation to inform the client and/or obtain client’s consent prior to squaring of the positions under this clause and all losses, if any, arising from such squaring off shall be to the account of the client.
25. Payment of Full Contract Value: Client agrees to pay RJSBPL for all open buy positions, excepting both side option contract positions, full contract value less the free surplus fund of the client, if any, already with RJSBPL, one day prior to the commencement of the tender period for the respective contract, and If that day is a bank holiday, on the day immediately preceding that day which is bank working day. If the Client makes a default in making payment as above RJSBPL at its discretion may square off all or part of the open positions of the Client and all and any losses arising thereout shall be to the account of the client.
26. Execute / Self / Wash / Match trades: Orders of buy and sell placed at such rates and which such time intervals / frequencies, and particularly in contracts considered illiquid, may be rejected or cancelled by RJSBPL without prejudice to its other rights to impose penalty on the client and/or deregister the client. RJSBPL may also report such instances to the Exchange or the Regulator for appropriate action at their end.
27. Use of services of Authorised Person : I/We hereby authorize RJSBPL One Limited to disclose details of my/our account as mentioned in the account opening form, supporting documents submitted therewith and/or any other information pertaining to my/our account including the trades/transactions carried out through my/our account to the Authorised Person or such agents by whatever name they are called by affiliated to RJSBPL One Limited. For the purpose of the aforesaid Clause Authorised Person shall mean any Company/Person and/or its employees appointed by RJSBPL in this regard; In case the Authorised Person registered with the Exchange, I/We hereby authorize RJSBPL to grant access and/or permit the Authorised Person all the rights as governed by the existing regulatory provisions including any changes issued from time to time. In case the Authorised person is Mutual Funds certified, hereinafter referred to as Independent Financial Provider for Mutual Fund (“IFPMF”), I/We hereby authorize RJSBPL to grant access and/or permit the IFPMF to view all trades and transactions carried out through my/our account and share details of such trades and transactions to enable the IFPMF to track my/our investments and provide necessary assistance accordingly.
28. The Client hereby agrees and provides RJSBPL and its group companies its unconditional and express consent to use, access, disclose to, store and share with any third parties the information (whether sensitive, personal, proprietary or otherwise) provided by the Client whether for processing, storage or any other purposes as deemed fit by RJSBPL and its group companies, including, for the purposes of providing services by RJSBPL Group. In the event, the Client wishes to revoke the consent to use/store/process the said information, in part or in full, it shall provide a prior written notice for such withdrawal of consent to contactus@rjbroking.com pursuant to which RJSBPL and / or its group companies, as the case maybe, shall stop using/processing/retaining such information within prescribed timelines as per applicable laws. Notwithstanding anything to the contrary contained here in above, RJSBPL and / or its group companies shall however retain the right to store such information or provide the information to any regulatory/statutory/judicial/government body/exchange as the case maybe, as per the applicable laws.
