ACCOUNT DETAILS

LOGIN ID CLIENT ID WIRE ID

Client Name
Trading Software ODIN ID

INITIAL MARGIN Cash: Securities:

Bank Name: Expected value:
Cheque No.: Details:
Amount Rs.:

Marketing Executive: Code Name:

Relationship Manager: Code Name:
Branch/FAN: Code Name:
Tele-marketing/Lead : Code Name:
CHOOSE TRADING INTERFACE (Tick any one)
Investor Terminal Trader Terminal 2005
ODIN Diet Branch ODIN

Audit By: Data Entry By:

Authorised By: Checked By:
This information is the sole property of the trading member / brokerage house and would not be disclosed to anyone
unless required by law or in case of express permission of clients.
To,
TRADING MEMBER'S CLEARING MEMBER'S
Name Name
Address Address

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

IN PERSON VERIFICATION DETAILS

This is to certify that I have carried out in person verification in respect of client(s) mentioned in the KYC form submitted
for opening of demat account. (Only the employee of the company should do “in-person” verification & no other
person should sign the same)
Name of the Employee : Employee Code :
Branch/Authorised Service Centre : Signature of Employee :
Date : Place :

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SIGNATURE OF CLIENT’S 14

Please note that the mode of payment should be only by way of cross Cheque or Demand Draft. Demand Draft will be issued in name of
“INDIA INFOLINE LTD. - (Login ID of the client)”. No cash receipts/payments will be entertained for any transactions made by the client. IIL will not
be responsible for any kind of claims raised by the clients regarding payment made in cash.

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 PERSONAL DETAILS OF THE CLIENT (Please fill details in BLOCK letters)
Type of Entity: Body Corporate Partnership Bank FI FII OCB Trust Clearing Member
Mutual Fund Clearing House Other (please specify)
Sub Status
Name of the company / firm

• Sole/First Holder’s Name (Mr./Ms.)

• Father/Husband’s Name (Mr.)
Constitution
Registered Office address
City
State Pin Code Country Tel.(O)
Fax/ Telex E-mail
Address for correspondence
City
State Pin Code Country Tel.(O)
Fax/ Telex Date of incorporation/ formation D D M M Y Y Y Y
Date of commencement of business D D M M Y Y Y Y Details of PAN
Nature of Business
Registration number (with ROC, SEBI or any government authority)

NAMES OF PROMOTERS/ PARTNERS/ KARTA AND RESIDENTIAL ADDRESS

Name of Promoter/ Partner/ Karta
Residential address

City State
Pin Code Country Tel. Mobile
Name of Promoter/ Partner/ Karta
Residential address

City State
Pin Code Country Tel. Mobile
Name of Promoter/ Partner/ Karta
Residential address

City State
Pin Code Country Tel. Mobile
Name of Promoter/ Partner/ Karta
Residential address

City State
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 Pin Code Country Tel. Mobile
Name of Promoter/ Partner/ Karta
Residential address

City State
Pin Code Country Tel. Mobile
NAMES OF WHOLE TIME DIRECTORS AND RESIDENTIAL ADDRESS
Name of whole time director
Residential address

City State
Pin Code Country Tel. Mobile
Name of whole time director
Residential address

City State
Pin Code Country Tel. Mobile
Name of whole time director
Residential address

City State
Pin Code Country Tel. Mobile
Name of whole time director
Residential address

City State
Pin Code Country Tel. Mobile
Name of whole time director
Residential address

City State
Pin Code Country Tel. Mobile

NAMES AND DESIGNATION OF PERSONS AUTHORIZED TO DEAL IN SECURITIES INCLUDING

DERIVATIVES ON BEHALF OF THE COMPANY/ FIRM/ OTHERS AND THEIR RESIDENTIAL ADDRESS

Name of authorized person

Residential address

City State Pin Code Country

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Tel. Mobile Designation
Name of authorized person
Residential address

City State Pin Code Country

Tel. Mobile Designation
Name of authorized person
Residential address

City State Pin Code Country

Tel. Mobile Designation
Name of authorized person
Residential address

City State Pin Code Country

Tel. Mobile Designation
Details of any action taken by SEBI/ Stock exchange/ any other authority against the constituent or its part-
ners/ promoters/ whole time directors/ authorized persons in charge of dealing in securities for violation of
securities laws/ other economic offences:

BANK ACCOUNT DETAILS

Bank Name (through which transactions will generally be routed)
Branch Address

City PIN Code Tel.

Bank A/c No. A/c Type : Savings Current Others
(Copy of a cancelled Cheque leaf/ Pass Book/ Bank Statement containing name of the constituent should be submitted.)

Investment/ Trading Experience: No Prior Experience Years in Stocks

Years in Derivatives Years in Other investment related fields
TRADING PREFERENCE:
A. Stock Exchanges on which you wish to trade (if the member is registered for such Exchanges):
NSE MCX-SX
B. Market segments you wish to trade (if the member is registered for such segment):
Capital Market Segment F & O Segment
Debt Market Segment Currency Derivatives Segment
WHETHER REGISTERED WITH ANY OTHER BROKER-MEMBER: (if registered with multiple members, provide details of all)
Name of Broker First Middle Last

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

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 REFERENCES
INTRODUCTION: Introduced by another constituent director or employee of trading member any other
person (please specify)
Name of the Introducer

SIGNATURE PAN of introducer, if any

NAME AND DESIGNATION OF THE EMPLOYEE WHO INTERVIEWED THE CLIENT:

Name

Designation

SIGNATURE OF THE EMPLOYEE

DECLARATION
The Terms and Conditions pertaining to the India Infoline
Trading Account & Beneficiary Account which are in force
now, have been read by me/us. I/ We understood the same
and I/ We agree to abide by and to be bound by the rules as
are in force from time to time for such accounts. I/ We hereby
declare that the details furnished above are true and correct
to the best of my/ our knowledge and belief and I undertake
to inform you of any changes there in immediately.
I/ We have read and understood Schedule of Charges and
agrees that my/ our opening of the India Infoline Trading is
subject to the payment of these charges. I/ We agree that
the charges as stated herein may be modified/revised and
I/ We agree to pay the charges including any modification/
revision thereto from time to time.
I/ We hereby authorise India Infoline Ltd., to debit all the
related charges to my/ our India Infoline Trading Account.
I hereby declare that the details furnished above are true
and correct to the best of my knowledge and belief and I
undertake to inform you of any changes therein immediately
In case any of the above information is found to be false or
untrue or misleading or misrepresenting I am aware that I
may be held liable for it.
I/ We have not withheld any information. I/ We confirm
that I/ We have had no insolvency initiated against me/us
nor have I/ We ever been adjudicated insolvent. I/ We have
read the application form and brochures and am/ are aware
of all the terms and conditions of availing the said services
from India Infoline Ltd. I/ We authorise India Infoline Ltd.,
any other Group Company or their agents to make reference
and enquiries relating to the information in this application
which may be considered necessary by them. I/ We
undertake to inform immediately India Infoline Ltd., any
other Group Company and their agents regarding changes
in my/ our residence/employment and to provide any such
further information as they may require. I/ We agree that
my/ our execution of any order though shall be governed
by and be subject to the terms provided in this Agreement
and the Terms and Conditions as may directed on from
time to time. India Infoline Ltd. reserves the right to reject
any declaration without providing any reason for it
whatsoever.

AUTHORISED SIGNATORY (with company seal) 2

14

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

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 To be stamped with Rs.20/- Stamp Paper

AGREEMENT BETWEEN STOCK BROKER AND CLIENT - NSE

This Agreement is made and entered at CHENNAI
on this [ ] day of [ ] 20 between 3
14
M/S.INDIA INFOLINE LTD., a body corporate incorporated under the provisions of the Companies Act, 1956, being a
member of the National Stock Exchange of India Ltd. (hereinafter called "the Exchange"), and having its registered office at
INDIA INFOLINE LTD., IIFL House, Sun Infotech Park, Road No. 16V, Plot No. B-23, Thane Industrial Area, Wagle Estate,
Thane - 400 604 and Processing Office at India Infoline Towers, No.143, M.G.R. Road, 3rd Floor, Central Processing Unit
(CPU), Perungudi, Near Life Line Hospital, Chennai - 600 096 ( (hereinafter called "the trading member") which expression
shall, unless repugnant to the context or meaning thereof, be deemed to mean and include himself in the capacity of a
trading member while trading in the Currency Derivatives Segment, his/her heirs, executors, administrators and legal
representatives/the partners for the time being of the said firm, the survivor or survivors of them and their respective heirs,
executors, administrators and legal representatives/its successors, as the case may be, of the One Part; AND

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

body corporate, registered/incorporated, under the provisions of the Indian Partnership Act, 1932/the Companies Act,
1956, having his/her/its residence/ registered office at
(hereinafter called "the client") which expression shall, unless repugnant to
the context or meaning thereof, be deemed to mean and include his/her heirs, executors, administrators and legal
representatives/the partners for the time being of the said firm, the survivor or survivors of them and their respective heirs,
executors, administrators and legal representatives/its successors, as the case may be, of the Other Part;
4
14
WHEREAS through the trading member and the client shall from time to
The trading member is registered as the trading member of time continue to satisfy itself of such capability of the trading
the Exchange with SEBI registration numberINB231097537 member before executing orders through the trading member.
in the Capital Market Segment; SEBI registration number Whereas the trading member has satisfied and shall
INF231097537in the F and O Segment and SEBI registration continuously satisfy itself about the genuineness and financial
number INE 231097537 in the Currency Derivatives Segment. soundness of the client and investment / trading objectives
Whereas the client is desirous of investing/trading in those relevant to the services to be provided; and
securities / contracts / other instruments admitted to dealings Whereas the trading member has taken steps and shall take
on the Exchange as defined in the Rules, Byelaws and steps to make the client aware of the precise nature of the
Regulations of the Exchange and circulars issued there under trading member's liability for business to be conducted,
from time to time. including any limitations, the liability and the capacity in
Whereas the client has satisfied itself of the capacity of the which the trading member acts.
trading member to deal in securities and / or deal in equity / Whereas the trading member and the client agree to be
currency derivatives contracts and wishes to execute its orders
Continued on page 7
6
bound by all the Rules, Byelaws and Regulations of the
Exchange and circulars issued there under and Rules and
Regulations of SEBI and relevant notifications of Government
authorities as may be in force from time to time.
Now, therefore, in consideration of the mutual understanding
as set forth in this agreement, the parties thereto have agreed
to the following terms and conditions:
1. The client agrees to immediately notify the trading
member in writing if there is any change in the
information in the 'client registration form' provided by
the client to the trading member at the time of opening
of the account or at any time thereafter.
2. The trading member declares that it has brought the
contents of the risk disclosure document to the notice
of client and made him aware of the significance of the
said document. The client agrees that:
a. He has read and understood the risks involved in
trading on a stock exchange.
b. He shall be wholly responsible for all his decisions and trades.
c. The failure of the client to understand the risks involved
shall not render a contract as void or voidable and the
client shall be and shall continue to be responsible for
all the risks and consequences for entering into trades
in the segment
d.He is liable to pay applicable initial margins,
withholding margins, special margins or such other
margins as are considered necessary by the trading
member or the Exchange or as may be directed by
SEBI from time to time as applicable to the segment.
The trading member is permitted in its sole and
absolute discretion to collect additional margins (even
though not required by the Exchange, Clearing House
/ Clearing Corporation or SEBI) and the client shall be
obliged to pay such margins within the stipulated time.
e. Payment of margins by the client does not necessarily
imply complete satisfaction of all dues. In spite of
consistently having paid margins, the client may, on the
closing of its trade, be obliged to pay (or entitled to receive)
such further sums as the contract may dictate / require.
3. The Client agrees to pay to the trading member brokerage
and statutory levies as are prevailing from time to time and
as they apply to the Client's account, transactions and to
the services that trading member renders to the Client.
4. The trading member agrees that it shall not charge
brokerage more than the maximum brokerage
permissible as per the rules, regulations and bye -laws of
the relevant stock exchange / SEBI.
5. The client agrees to abide by the exposure limits, if any,
set by the trading member or by the Exchange or Clearing
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Corporation or SEBI from time to time.
6. Without prejudice to the trading member's other rights
(including the right to refer a matter to arbitration), the
trading member shall be entitled to liquidate / close out
all or any of the client's positions for non-payment of
margins or other amounts, outstanding debts, etc. and
adjust the proceeds of such liquidation / close out, if any,
against the client's liabilities / obligations. Any and all losses
and financial charges on account of such liquidation/
closing-out shall be charged to and borne by the client.
7. The trading member agrees that the money / securities
deposited by the client shall be kept in a separate account,
distinct from his / its own account or account of any
other client and shall not be used by the trading member
for himself / itself or for any other client or for any purpose
other than the purposes mentioned in SEBI Rules and
Regulations circulars / guidelines / Exchange's Rules /
Regulations / Byelaws and circulars.
8. The client agrees to immediately furnish information to
the trading member in writing , if any winding up petition
or insolvency petition has been filed or any winding up
or insolvency order or decree or award is passed against
him or if any litigation which may have material bearing
on his capacity has been filed against him.
9. The trading member agrees to inform the client and keep
him apprised about trading / settlement cycles, delivery /
payment schedules, any changes therein from time to time,
and it shall be the responsibility in turn of the client to comply
with such schedules / procedures of the stock exchange.
10. In the event of death or insolvency of the client or his /
its otherwise becoming incapable of receiving and paying
for any contracts which the client has ordered to be
bought or sold, or of delivering or transferring securities,
the trading member may close out the transaction of
the client and claim losses, if any, against the estate of
the client. The client or his successors, heirs and assigns
shall be entitled to any surplus which may result there
from.
11. The client and the trading member agree to refer any
claims and / or disputes to arbitration as per the Rules,
Byelaws and Regulations of the Exchange and circulars
issued there under as may be in force from time to time.
12. The trading member hereby agrees that he shall ensure
faster settlement of any arbitration proceedings arising
out of the transactions entered into between him and
the client and that he shall be liable to implement the
arbitration awards made in such proceedings.
13. Information about default in payment / delivery and
related aspects by a client shall be brought to the notice
Continued on page 8
 of the relevant stock Exchange(s). In case where
defaulting client is a corporate entity / partnership /
proprietary firm or any other artificial legal entity, then
the name(s) of director(s) / promoter(s) / Partner(s) /
proprietor as the case may be, shall also be
communicated to the relevant stock exchange(s).
14. The trading member and the client agree to reconcile
their accounts at the end of each quarter with reference
to all the settlements where payouts have been declared
during the quarter.
15. The trading member and the client agree to abide by
any award passed by the Ombudsman under the SEBI
(Ombudsman) Regulations, 2003.
16. The trading member and the client declare and agree that
the transactions executed on the Exchange are subject to
Rules, Byelaws and Regulations and circulars issued there
under of the Exchange and all parties to such trade shall
have submitted to the jurisdiction of such court as may
be specified by the Byelaws and Regulations of the
Exchange for the purpose of giving effect to the provisions
of the Rules, Byelaws and Regulations of the Exchange
and the circulars issued there under.
17. The instructions issued by an authorized representative,
if any, of the client shall be binding on the client in
accordance with the letter authorizing the said
representative to deal on behalf of the said client.
18. Where the Exchange cancels trade(s) suo moto all such
trades including the trade/s done on behalf of the client
shall ipso facto stand cancelled.
19. This agreement shall forthwith terminate; if the trading
member for any reason ceases to be a member of the stock
exchange including cessation of membership by reason of
the trading member's default, death, resignation or
expulsion or if the certificate issued by the Board is cancelled.
20. The trading member and the client shall be entitled to
terminate this agreement without giving any reasons to
the other party, after giving notice in writing of not less
than one month to the other parties. Notwithstanding
any such termination,
IN WITNESS THEREOF the parties to the Agreement have caused these presents to be executed as of the day and year first above written.
Signed for and on behalf of INDIA INFOLINE LTD.
SIGNATURE:
By:
Title: INDIA INFOLINE LTD.
Witness:
Witness:
NOTE: All references to the specific quantity/rate/fee mentioned in this agreement are subject to change from time to time, as so agreed to in writing between the parties.
all rights, liabilities and obligations of the parties arising
out of or in respect of transactions entered into prior to
the termination of this agreement shall continue to
subsist and vest in / be binding on the respective parties
or his / its respective heirs, executors, administrators, legal
representatives or successors, as the case may be.
21. In addition to the specific rights set out in this Agreement,
the trading member and the client shall be entitled to
exercise any other rights which the trading member or
the client may have under the Rules, Bye-laws and
Regulations of the Exchange and circulars issued there
under or Rules and Regulations of SEBI.
22. Words and expressions which are used in this Agreement,
but which are not defined herein shall, unless the context
otherwise requires, have the same meaning as assigned
thereto in the Rules, Byelaws and Regulations of the
Exchange and circulars issued there under.
23. The provisions of this agreement shall always be subject
to Government notifications, any rules, regulations,
guidelines and circulars issued by SEBI and Rules,
Regulations and Bye laws of the relevant stock exchange
that may be in force from time to time.
24. The trading member hereby undertakes to maintain the
details of the client as mentioned in the client registration
form or any other information pertaining to the client in
confidence and that it shall not disclose the same to any
person / authority except as required under any law /
regulatory requirements; Provided however that the
trading member may so disclose information about its
his client to any person or authority with the express
permission of the client.
This agreement can be altered, amended and /or modified
by the parties mutually in writing without derogating from
the contents of this Agreement.
Provided however, if the rights and obligations of the parties
hereto are altered by virtue of change in Rules and regulations
of SEBI or Bye-laws, Rules and Regulations of the relevant
stock Exchange, such changes shall be deemed to have been
incorporated herein in modification of the rights and
obligations of the parties mentioned in this agreement.
Signed on behalf of CLIENT
SIGNATURE:
By: 5
14
Title: NAME OF THE CLIENT
Witness:
Witness:
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 To be stamped with Rs.20/- Stamp Paper

Contains basic rights and obligations of client and Stock Broker

BROKER-CLIENT AGREEMENT - MCX-SX

This Agreement is made and executed at on this [ ] day of [ ] 20 between India Infoline
Limited a body corporate, incorporated under the provisions of the Indian Partnership Act, 1932 / the Companies Act,
1956, being a member of the MCX Stock Exchange Ltd. (hereinafter called "the Exchange"), and having his/ her/ its registered
office at IIFL House, Sun Infotech Park, Road No. 16V, Plot No. B-23, MIDC, Thane Industrial Area, Wagle Estate, Thane -
400 604 and Processing Office at India Infoline Towers, No.143, M.G.R. Road, 3rd Floor, Central Processing Unit (CPU),
Perungudi, Near Life Line Hospital, Chennai - 600 096 (hereinafter called "the trading member") which expression shall,
unless repugnant to the context or meaning thereof, be deemed to mean and include himself in the capacity of a trading
member while trading in the Currency Derivatives Segment, his/her heirs, executors, administrators and legal representatives/
the partners for the time being of the said firm, the survivor or survivors of them and their respective heirs, executors,
administrators and legal representatives/its successors, as the case may be, of the One Part;
And
Mr./Ms/M/s. , an individual/ a sole proprietary concern/ a
partnership firm/a body corporate, registered/ incorporated, under the provisions of the Indian Partnership Act, 1932/ the
Companies Act, 1956, having his/ her/ its residence/ registered office at (hereinafter called "the client") which expression
shall, unless repugnant to the context or meaning thereof, be deemed to mean and include his/ her heirs, executors,
administrators and legal representatives/ the partners for the time being of the said firm, the survivor or survivors of them
and their respective heirs, executors, administrators and legal representatives/ its successors, as the case may be, of the
Other Part.
Whereas the trading member is registered as the trading member of the Exchange with SEBI registration number INE
261097537 in the Currency Derivatives Segment.

A. Whereas the client is desirous of investing/ trading in
those securities/ contracts/ other instruments admitted
to dealings on the Exchange as defined in the Rules,
Byelaws and Regulations of the Exchange and circulars
issued there under from time to time.
B. Whereas the client has satisfied itself of the capacity
of the trading member to deal in securities and/ or
deal in equity/ currency derivatives contracts and wishes
to execute its orders through the trading member and
the client shall from time to time continue to satisfy
itself of such capability of the trading member before
executing orders through the trading member.
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C. Whereas the trading member has satisfied and shall
continuously satisfy itself about the genuineness and
financial soundness of the client and investment /
trading objectives relevant to the services to be
provided; and
D. Whereas the trading member has taken steps and shall
take steps to make the client aware of the precise
nature of the trading member's liability for business to
be conducted, including any limitations, the liability
and the capacity in which the trading member acts.
E. Whereas the trading member and the client agree to
Continued on page 10
 be bound by all the Rules, Byelaws and Regulations of
the Exchange and circulars issued there under and
Rules and Regulations of SEBI and relevant notifications
of Government authorities as may be in force from
time to time.
Now, therefore, in consideration of the mutual
understanding as set forth in this agreement, the parties
thereto have agreed to the following terms and conditions:
1. The client agrees to immediately notify the trading
member in writing if there is any change in the
information in the 'client registration form' provided
by the client to the trading member at the time of
opening of the account or at any time thereafter.
2. The trading member declares that it has brought the
contents of the risk disclosure document to the notice
of client and made him aware of the significance of
the said document. The client agrees that:
a) He has read and understood the risks involved in
trading on the Exchange.
b) He shall be wholly responsible for all his decisions and
trades.
c) The failure of the client to understand the risks involved
shall not render a contract as void or voidable and the
client shall be and shall continue to be responsible for
all the risks and consequences for entering into trades
in the segment.
d) He is liable to pay applicable initial margins,
withholding margins, special margins or such other
margins as are considered necessary by the trading
member or the Exchange or as may be directed by
SEBI from time to time as applicable to the segment.
The trading member is permitted in its sole and
absolute discretion to collect additional margins (even
though not required by the Exchange, Clearing House/
Clearing Corporation or SEBI) and the client shall be
obliged to pay such margins within the stipulated time.
e) Payment of margins by the client does not necessarily
imply complete satisfaction of all dues. In spite of
consistently having paid margins, the client may, on
the closing of its trade, be obliged to pay (or entitled
to receive) such further sums as the contract may
dictate/ require.
3. The Client agrees to pay to the trading member
brokerage and statutory levies as are prevailing from
time to time and as they apply to the Client's account,
transactions and to the services that trading member
renders to the Client.
4. The trading member agrees that it shall not charge
brokerage more than the maximum brokerage
permissible as per the rules, regulations and bye -laws
of the Exchange/ SEBI.
5. The client agrees to abide by the exposure limits, if
any, set by the trading member or by the Exchange or
Clearing House/ Clearing Corporation or SEBI from time
to time.
6. Without prejudice to the trading member's other rights
(including the right to refer a matter to arbitration),
the trading member shall be entitled to liquidate/ close
out all or any of the client's positions for non-payment
of margins or other amounts, outstanding debts, etc.
and adjust the proceeds of such liquidation/ close out,
if any, against the client's liabilities/ obligations. Any
and all losses and financial charges on account of such
liquidation/closing-out shall be charged to and borne
by the client.
7. The trading member agrees that the money/ securities
deposited by the client shall be kept in a separate
account, distinct from his/ its own account or account
of any other client and shall not be used by the trading
member for himself/ itself or for any other client or for
any purpose other than the purposes mentioned in
SEBI Rules and Regulations circulars/ guidelines/ the
Exchange's Rules/ Regulations/ Byelaws and circulars.
8. The client agrees to immediately furnish information
to the trading member in writing , if any winding up
petition or insolvency petition has been filed or any
winding up or insolvency order or decree or award is
passed against him or if any litigation which may have
material bearing on his capacity has been filed against
him.
9. The trading member agrees to inform the client and
keep him apprised about trading/ settlement cycles,
delivery/ payment schedules, any changes therein from
time to time, and it shall be the responsibility in turn
of the client to comply with such schedules/ procedures
of the Exchange.
10. In the event of death or insolvency of the client or his/
its otherwise becoming incapable of receiving and
paying for any contracts which the client has ordered
to be bought or sold, or of delivering or transferring
Continued on page 11
10
 securities, the trading member may close out the
transaction of the client and claim losses, if any, against
the estate of the client. The client or his successors,
heirs and assigns shall be entitled to any surplus which
may result there from.
11. The client and the trading member agree to refer any
claims and/ or disputes to arbitration as per the Rules,
Byelaws and Regulations of the Exchange and circulars
issued there under as may be in force from time to
time.
12. The trading member hereby agrees that he shall ensure
faster settlement of any arbitration proceedings arising
out of the transactions entered into between him and
the client and that he shall be liable to implement the
arbitration awards made in such proceedings.
13. Information about default in payment/ delivery and
related aspects by a client shall be brought to the notice
of the Exchange(s). In case where defaulting client is a
corporate entity/ partnership/ proprietary firm or any
other artificial legal entity, then the name(s) of
director(s)/ promoter(s)/ Partner(s)/ proprietor as the
case may be, shall also be communicated to the
Exchange(s).
14. The trading member and the client agree to reconcile
their accounts at the end of each quarter with reference
to all the settlements where payouts have been
declared during the quarter.
15. The trading member and the client agree to abide by
any award passed by the Ombudsman under the SEBI
(Ombudsman) Regulations, 2003.
16. The trading member and the client declare and agree
that the transactions executed on the Exchange are
subject to Rules, Byelaws and Regulations and circulars
issued there under of the Exchange and all parties to
such trade shall have submitted to the jurisdiction of
such court as may be specified by the Byelaws and
Regulations of the Exchange for the purpose of giving
effect to the provisions of the Rules, Byelaws and
Regulations of the Exchange and the circulars issued
there under.
17. The instructions issued by an authorized representative,
if any, of the client shall be binding on the client in
accordance with the letter authorizing the said
representative to deal on behalf of the said client.
18. Where the Exchange cancels trade(s) suo moto all such
11
trades including the trade/s done on behalf of the client
shall ipso facto stand cancelled.
19. This agreement shall forthwith terminate; if the trading
member for any reason ceases to be a member of the
Exchange including cessation of membership by reason
of the trading member's default, death, resignation
or expulsion or if the certificate issued by the Board is
cancelled.
20. The trading member and the client shall be entitled to
terminate this agreement without giving any reasons
to the other party, after giving notice in writing of not
less than one month to the other parties.
Notwithstanding any such termination, all rights,
liabilities and obligations of the parties arising out of
or in respect of transactions entered into prior to the
termination of this agreement shall continue to subsist
and vest in/ be binding on the respective parties or
his/ its respective heirs, executors, administrators, legal
representatives or successors, as the case may be.
21. In addition to the specific rights set out in this
Agreement, the trading member and the client shall
be entitled to exercise any other rights which the
trading member or the client may have under the Rules,
Bye-laws and Regulations of the Exchange and circulars
issued there under or Rules and Regulations of SEBI.
22. Words and expressions which are used in this
Agreement, but which are not defined herein shall,
unless the context otherwise requires, have the same
meaning as assigned thereto in the Rules, Byelaws and
Regulations of the Exchange and circulars issued there
under.
23. The provisions of this agreement shall always be subject
to Government notifications, any rules, regulations,
guidelines and circulars issued by SEBI and Rules,
Regulations and Bye laws of the Exchange that may
be in force from time to time.
24. The trading member hereby undertakes to maintain
the details of the client as mentioned in the client
registration form or any other information pertaining
to the client in confidence and that it shall not disclose
the same to any person/ authority except as required
under any law/ regulatory requirements; Provided
however that the trading member may so disclose
information about its his client to any person or
authority with the express permission of the client.
Continued on page 12
This agreement can be altered, amended and/ or modified
by the parties mutually in writing without derogating from
the contents of this Agreement.
Provided however, if the rights and obligations of the parties
here to are altered by virtue of change in Rules and
regulations of SEBI or Bye-laws, Rules and Regulations of
the Exchange, such changes shall be deemed to have been
incorporated herein in modification of the rights and
obligations of the parties mentioned in this agreement.

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

SIGNED FOR AND ON BEHALF OF SIGNED ON BEHALF OF CLIENT

INDIA INFOLINE LTD.
Client Name:
6
Authorised Signatory: Client Signature: 14

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

Name Name
Address Address

Signature Signature

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

Name Name
Address Address

Signature Signature

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

12
 ANNEXURE ‘A’
This forms part of the Broker-Client Agreement entered between the client and Stock Broker for the purpose of trading on
the National Stock Exchange of India Limited and MCX-SX Exchange Limited.
The terms and conditions contained herein are binding on the client. The client has agreed to obtain services from the Stock
Broker after fully understanding the terms and conditions. The terms and conditions shall be subject to modification from
time to time and such modifications are binding on the client. For the purpose of this agreement The MCX-SX Exchange
Limited and the National Stock Exchange (NSE) of India shall respectively known as Exchange henceforth in this agreement.

1. DEFINITIONS product brochure describing the products offered by

1.1 "Account" shall mean the Client's Broking Account with
Stock Broker.
1.2 "Bank Accounts" shall mean the bank account that may
be opened by the Client with a Designated Bank
pursuant to this Agreement.
1.3 "MCX-SX/ NSE" shall have the meaning specified in the
recitals.
1.4 "Business Day" means any day on which the MCX-SX/
NSE are open for trading.
1.5 "Designated Bank" shall mean a bank from among the
list at Annexure"1" hereto with which Stock Broker has
arrangements for electronic debit/ credit of payments
and receivables to and from its Client's.
1.6 "E-broking Services" shall have the meaning specified
in the recitals.
1.7 "Minimum Margin Deposit" means the minimum cash
balance that the Client is required to maintain with
Stock Broker at all times as a condition to avail the E-
broking Services.
1.8 "Order Types" shall include the various types of orders,
including those listed in Trading and Product Guidelines
Brochure, and order types known by such other name
or terminology as are commonly used in the trade,
that the Client may place with Stock Broker.
1.9 "Password" shall mean the alphanumeric code allotted
by Stock Broker to the Client to enable it to validate
the Username and operate the Account.
1.10 "Products" shall mean the various products offered by
Stock Broker as part of the E-broking Services.
1.11 "Relevant Stock Exchange" shall mean the Stock
Exchange where Stock Broker has a Stock Brokership
and it offers/ plans to offer its products and services.
1.12 "SEBI" shall have the meaning specified in the recitals.
1.13 "Settlement Cycle" shall mean the account period
specified by the relevant Stock Exchange.
1.14 "Stock Exchange" shall mean a Stock Exchange that is
recognized by SEBI and which has granted permission
to Stock Broker to provide the E-broking Services and
shall include the MCX-SX/ NSE.
1.15 "Trading and Product Guidelines Brochure" means the
13
Stock Broker from time to time at its sole discretion.
1.16 "Trading Hours" shall mean such period of Business
Day when the relevant Stock Exchange offers trading
to its Stock Brokers including Stock Broker.
1.17 "Username" means the alphanumeric identification
code allotted by Stock Broker and used by the Client
for accessing its Account.
2. INTERPRETATION
a. In addition to the above, certain terms have been
defined elsewhere in this Agreement and they shall have
the meaning assigned to them unless the context
specifically or by necessary application otherwise
requires.
b. Various terms used throughout this Agreement shall, if
not, specifically defined, or in case of any ambiguity as
to the meaning thereof, be construed and interpreted
in accordance with the customary meanings of such
terms in the business of providing broking services and
trading on Stock Exchanges.
c. The headings are for convenience only and shall not
affect the interpretation of this Agreement.
d. Unless otherwise specified, references to Clauses and Exhibits
are refereces to Clauses and Exhibits to this Agreement.
e. The definitions ascribed to terms in this Agreement
apply equally to both the singular and plural forms of
such terms.
f. Whenever the context may require, any pronoun shall
be deemed to include the corresponding masculine,
feminine and neuter forms.
g. The words "include", "includes" and "including" shall be
interpreted as if followed by the phrase "without limitation".
h. References to any document or agreement, including
this Agreement, shall be deemed to include any
references to such document or agreement as
amended, supplemented or replaced from time to time
in accordance with its terms and (where applicable)
subject to compliance with the requirements set forth
therein and herein.
i. References to a statute, ordinance, code or other law
Continued in page 14
 shall be deemed to include regulations and other
instruments under it and consolidations, amendments,
re-enactment or replacements of any of them.
j. References to any party to this Addendum Agreement
or any other document or arrangement includes that
party's executors, administrators, substitutes,
successors and permitted assigns.
3. APPOINTMENT
Stock Broker hereby agrees to provide E-broking
Services to Client and the Client agrees to avail of the
E-broking Services provided by Stock Broker on the
terms and conditions set forth in this Agreement.
4. ELIGIBILITY CRITERIA
The Client shall be eligible to avail of the E-broking
Service only after having registered with Stock Broker
on completing the Registration Form prescribed by
Stock Broker in this behalf and fulfilling the conditions
of registration specified by Stock Broker from time to
time including, inter alia, as follows:
4.1.1 The existence/ opening of a bank account and a
depository account by the Client either with a
Designated Bank and a Designated DP or with a bank
and a depository participant acceptable to Stock Broker.
4.1.2 The existence or creation of the Minimum Margin
Deposit by the Client with Stock Broker.
4.1.3 Execution of a Power of Attorney in favor of Stock
Broker for use of the designated Depository Account.
4.1.4 Execution of such other documents and furnishing of
particulars as may be required from time to time by
Stock Broker. On the satisfactory verification by Stock
Broker of the information provided by the 16 Client
and the fulfillment of all requirements as stated in sub-
clauses (1) and (4) above by the Client, Stock Broker
shall register the Client for availing the E-broking Services
and open its Account with Stock Broker. On activation
of the Account by Stock Broker, Stock Broker shall
provide the Client with a Username and Password to
access and operate the Account, and avail of the E-
broking Services.
5. SERVICES OFFERED BY STOCK BROKER
India Infoline Limited (Stock Broker) provides to their
Client's India Infoline Trading Services which includes:
a. E-broking services through their website:
www.indiainfoline.com/ www.5paisa.com/
http://currency.indiainfoline.com and Internet Client
Server application.
b. Trading facility over telephone known as Tradeline.
5.1 Terms and Conditions of India Infoline Trading Services
The Client agrees to avail of the India Infoline Trading
Services, on and subject to the terms and conditions below:
5.1.1 For the purpose of E-broking services Client will be
entitled to a Trading Login ID and a Password through
which Client can directly deal in the securities through
the website: www.indiainfoline.com/ www.5paisa.com
and Internet Client Server application.
5.1.2 For the purpose of Tradeline, the Client shall be
provided a telephone number (Identification Number)
which shall be used as Client's ID and a separate 4
digit Telephone Personal Identification Number (TPIN)
which will directly give Client to speak with the
Customer Relationship Officer of Stock Broker for
availing of India Infoline Trading Services.
5.1.3 The Client agrees that if the call is from telephone
numbers other than the designated telephone
numbers, the Company shall seek to verify the Client's
default demat account number or such other
information for Client identification.
5.1.4 Stock Broker shall from time to time introduce such
other additional facilities and security as may be
necessary (by whatever name called) which will enable
the Client to avail facilities of India Infoline Trading
Services at the Client's cost if any.
5.1.5 The Client is aware that the Stock Broker System itself
randomly generates the Trading Login ID and Product
Password, Ledger/ Fund Transfer Password, E-mail
Password and Demat Account Transaction Password
(herein after reffered to as "Password") which shall be
sent to the Client either by SMS over his/ her mobile
number or by courier in hard copy as agreed by the Client.
The initial Password sent by Stock Broker can be used
only for the first login. The Client agrees and undertakes
to immediately reset his/ her Password and TPIN through
the Internet/ software setting provided by the Stock
Broker. The Client is aware that the Password sent through
the above mentioned mode by Stock Broker and
subsequent Password and TPIN reset by the Client are
not known to anyone else including Stock Broker Official's.
At no point in time shall Stock Broker be liable for any
loss, whether notional or actual, that may be suffered by
the Client on account of the misuse of the Password
and/ or TPIN. Stock Broker shall not be responsible in any
manner for the Password and/ or TPIN as the Client has
to reset the same through Internet/ software system so
the same are not known to Stock Broker Official's.
5.1.6 The Client shall be responsible for keeping the Trading
Login ID, Password and TPIN confidential and secure
and shall not part the same with any other person
and shall be solely responsible for all orders entered
Continued on page 15
14
 and transactions done by any person whosoever
through the India Infoline Trading Services using the
Client's Trading Login ID, Password or Identification
Number and TPIN or have access to Client's E-mail
whether or not such person was authorised to do so.
5.1.7 The Client acknowledges that he/ she is fully aware of
and understands the risks associated with availing of a
India Infoline Trading Services for routing orders over
the Internet and telephone including the risk of misuse
and unauthorised use of his/ her Trading Login ID,
Password, Identification Number and TPIN by a third
party and the risk of a person hacking into the Client's
account on the India Infoline and unauthorisedly routing
orders on behalf of the Client through the system. The
Client agrees that he/ she shall be fully liable and
responsible for any and all unauthorised use and misuse
of his/ her Trading Login ID, Password, Identification
Number and TPIN and also for any and all acts done by
any person through the India Infoline on the Client's
account in any manner whatsoever.
5.1.8 The Client shall immediately on becoming aware, inform
Stock Broker of any unauthorised use of the Client's
Trading Login ID, Password, Identification Number and
TPIN with full details of such unauthorised use including
the date of such unauthorized use, the manner in which
it was unauthorisedly used, the transactions effected
pursuant to such unauthorised use, etc.
5.1.9 The Client shall log off from the India Infoline Trading
Services, whenever the Client is not accessing or using
the Service. Any liability incurred by the Client as a
consequence of the Client not logging off the Service
shall be borne solely by the Client.
5.1.10 The Client shall immediately notify Stock Broker in writing
with full details if (i) he/ she discovers or suspects
unauthorized access through his/ her Trading Login ID,
Password, Identification Number and/or TPIN (ii) he/ she
notices discrepancies that might be attributable to
unauthorised access, (iii) he/ she forgets his/ her Password
and/ or TPIN or (iv) he/ she discovers a security flaw in the
India Infoline Trading Services. In any of the above events
specified, the Client shall immediately change his/ her
Password and/ or TPIN. However, if the Client is unable to
change his/ her Password and/ or TPIN by reason of his/ her
having forgotten his/ her Password and/ or TPIN or his/ her
Password and/ or TPIN having been unauthorisedly changed
by some other person or for any other reason then the
Client shall immediately request Stock Broker in writing and
follow the instructions given by Stock Broker. At no point in
time shall Stock Broker be liable for any loss, whether notional
or actual, that may be suffered by the Client on account of
the misuse of the Password and/ or TPIN.
15
5.1.11 The Client agrees that orders, instructions and other
communication made over the telephone routed
through the Stock Broker's interactive voice response
or other telephone system may be recorded by Stock
Broker. The Client also agrees that such recording and
Stock Broker records of any orders, instructions and
communications given or made by the Client or Stock
Broker by the fax, E-mail, or other electronic means
shall be admissible as evidence and shall be binding.
5.1.12 Client agrees to provide information's relating to the
Client's Trading Account and other personal details as
may be required while placing orders on telephone to
determine the identity of the Client. Provided; however
nothing prevents Stock Broker to accept the instructions
from Client over telephone without usage of TPIN and
such acceptance of instructions by Stock Broker will be
binding on Client.
5.1.13 The Client shall log off from India Infoline Trading
Services at any time the Client is not accessing or using
the Service and any liability incurred to the Client as
consequence of the Client not logging of the Service
shall be borne solely by the Client.
5.1.14 The Client agrees and understands that Stock Broker
shall discontinue or alter his/ her India Infoline Trading
Services in part or entirety and change the terms of
Service at any time without prior notice to the Client.
The Client, declares that, he/ she has fully read and
understood the terms and conditions of India Infoline
Trading Services and agrees to abide by all the terms
and conditions mentioned above.
6. INDIA INFOLINE E-MAIL SERVICE
India Infoline Limited (Stock Broker) provides to their
Client's India Infoline E-mail Service under
www.5pmail.com, to facilitate and receive all the
correspondence on the same day.
6.1 Terms and Conditions of India Infoline E-mail Service The
Client agrees to avail of the India Infoline E-mail Service,
on and subject to the terms and conditions below:
6.1.1 The client agrees to receive the contract notes for the
trades executed by the stock broker on the behalf of
the client in electronic form i.e digitally signed contract
notes. If at any time client does not wish to receive
the contract notes and other documents in electronic
form then the client shall intimate the stock broker of
the same in writing.
6.1.2 There may be a delay in the stock broker receiving the
reports of the transaction status from the exchange
or the other persons in respect of or in connection
with which the stock broker has entered into contracts
Continued on page 16
 or transactions on behalf of the client. Accordingly,
the stock broker may forward to the client late reports
in respect of such transaction that were previously
unreported to him or were incorrectly reported to him
as being expired, cancelled or executed. The client shall
not hold the stock broker responsible for any losses
suffered by the clients on account of any late reports/
statements or any error in reports/ statements
computed by or received from the exchange.
6.1.3 The client undertakes to keep the stockbroker informed
in case of any change in the email address of the client.
The client agrees that no receipt of " email failure of
delivery notification" by the stockbroker shall amount
to valid delivery of the electronic contract notes and
other communication to the client.
6.1.4 Client confirms that the E-mail provided by him is his
own E-mail ID. The Client shall receive all the
transaction statement, holding statement, contract
notes and other correspondence instantly on his/ her
E-mail. The physical copies of such correspondence
shall be sent on Client's request in writing.
6.1.5 The client agrees and understands that IIL will not be
held responsible for any unauthorised access of his
Email-id and he/she indemnifies the Company for the
same.
6.1.6 Stock Broker shall not be responsible to maintain or
provide the back-up of the E-mails at any point of
time.
6.1.7 The Client shall be responsible for keeping the E-mail
Password confidential and secure and shall be solely
responsible for all transactions done by any person
whosoever through the Client's E-mail ID.
6.1.8 The Client shall log off from the E-mail Service,
whenever he/ she is not accessing or using the Service.
Any liability incurred to the Client as a consequence
of the Client not logging off the Service shall be borne
solely by the Client.
7. PRODUCTS OFFERED BY STOCK BROKER
7.1 Derivatives - Sensex and Nifty Futures Trading and other
derivative products which may be offered by Stock Broker
from time to time (more specifically described in Trading
and Product Guidelines Brochure). The Client shall select
the Products it wishes to avail of, Stock Broker shall, in its
absolute discretion agrees to offer one or more of the
Products selected, to the Clients. Based on the Client's
selection and Stock Broker's confirmation of the Products
that the Client may avail of, Stock Broker will determine
the Minimum Margin Deposit to be maintained by the
Client with Stock Broker and set an authorized limit ("the
Limit") or amount of outstanding trades that the Client
may have at any given time. The Products offered by
Stock Broker to the Client shall be used by the Client on
the terms and conditions more specifically described in
the Trading and Product Guidelines Brochure. The
procedure for accessing Stock Broker Internet Site and
availing of the Products is set out in Trading and Product
Guidelines Brochure. It is clarified that the Products may
be availed of by the Client by giving instructions to Stock
Broker over the telephone, fax, virtual private network,
or the Internet. Stock Broker reserves the right to modify
or cancel any of its products/ offerings at its sole discretion.
8. BROKERAGE AND TAXES
Stock Broker shall be entitled to a brokerage of upto
the maximum rate permitted by SEBI/ Exchange, of the
value of every transaction that may be undertaken by
the Client by using the E-broking and/ or Off-line Service.
The rates of brokerage for each Product that the Client
may avail of under this Agreement are mentioned in
trading and product guidelines brochure hereto. The
rates of brokerage may be revised by Stock Broker from
time to time at its sole discretion. The Client shall also
pay any applicable taxes, including service tax, handling
charges, depository charges that may be levied on any
transactions undertaken pursuant to this Agreement.
9. LIEN
All securities and/ or property in the Bank/ DP Account
shall be subject to a lien for the discharge of any and
all indebtedness or any other obligation that the Client
may have to Stock Broker. All of the Client's securities
and/ or other property shall be held by Stock Broker as
security for the payment of any such obligation or
indebtedness to Stock Broker. In enforcing its lien,
Stock Broker at its sole discretion may determine which
securities and/ or other property are to be sold or which
contracts are to be enforced.
10. PAYMENT
10.1 Time of Payment
10.1.1The Client shall make all remittances to Stock Broker (i.e.
payment for all purchase transactions plus taxes,
brokerage, handling charges and depository related fees
and transaction fees of Stock Broker) by the value date
for each transaction. The value date for all purchases will
be the pay-in day less two days, where the pay-in day is
specified by the Exchange Clearing House for the relevant
settlement period. Provided that subject to Clause 9.1.4
a notional debit may be made with respect to the Limit
on the last day of the Settlement Cycle, notwithstanding
that actual payment is due on a later date and such
notional debit shall be reversed on receipt of payment.
Continued on page 17
16
10.1.2 The Client will also have to make a margin payment
for securities purchased and sold either for square-
off on derivative contracts. The amount will be as
charged by the relevant Exchange. However, in case
the Exchange charges a margin amount over and
above the normal margins, Stock Broker can make
a margin call to the Client who will need to have to
pay the relevant margin as charged by the Exchange.
10.1.3 Stock Broker shall remit funds to the Client (i.e.
payment for all sale transactions less taxes, brokerage,
handling charges and depository related fees and
transaction fees of Stock Broker), less any amounts
deducted for shortages by the value date. The value
date for all sales will be pay-out day plus two days
where the pay-out day is specified by the Exchange
Clearing House for the relevant settlement period.
10.1.4 In the event of the Client having made both sales
and purchases during a Settlement Cycle on the same
Stock Exchange, the amount due from and to the
Client shall be netted off and only the difference shall
be payable by or to the Client. A notional debit or
credit as the case may be, may be made to the Limit
at the end of day until the actual payment is made.
10.2 Mode of Payment
In the case of a purchase transaction, the Client
shall remit funds within the time period provided in
subclause 9.1.1 above to Stock Broker in any of the
following ways:
10.2.1 Acceptable credit or debit card, provided Stock
Broker has agreed to receipt of payment in this
manner, or
10.2.2 Authorized electronic transfer of funds from Client's
Bank Account to Stock Broker's bank account in the
same Designated Bank; or
10.2.3 Demand draft or account payee cheque drawn on
any other bank with which the Client maintains a
regular account. In the case of sub-clauses (1) and (2)
credit will be given to the Client immediately on
authentication of payment authorization however
Client has to intimate Stock Broker immediately after
making payment through option as mentioned in sub-
clauses (1) and (2). In the case of (3) credit will be
given only on receipt of clear funds.
10.2.4 Payment referred to in sub-clauses (1), (2) & (3) shall
be accepted only from Client's account.
10.2.5 Payment shall be made by the Client only as referred
to in sub-clauses (1), (2) & (3) above. Stock Broker
shall not accept/ acknowledge/ give credit for any
payment made in cash. The same shall be returned
after deducting Rs. 500 towards charges.
17
10.3 In the case of a sale transaction, Stock Broker shall
remit funds to the Client within the time period
provided in subclause 9.1.3 above, provided the Client
has delivered the securities sold to Stock Broker within
the time prescribed in clause 11.1.1, in any of the
following ways as may be requested by the Client:
10.3.1 Electronic transfer of funds into the Bank Account
of the Client opened with the Designated Bank.
10.3.2 Electronic transfer of funds into any other bank
account of the Client as may be specified by the
Client, and accepted by Stock Broker; or
10.3.3 Account payee cheque.
10.3.4 Please note that the mode of payment should be
only by way of cross Cheque or Demand Draft.
Demand Draft will be issued in name of “India
Infoline Ltd. - (Login ID of the client)”. No cash
receipts/payments will be entertained for any
transactions made by the client. IIL will not be
responsible for any kind of claims raised by the
clients regarding payment made in cash.
10.3.5 Interface with a payment gateway will be offered
to the Client at the portal itself.
Default in Payment
The Client agrees that Stock Broker may set off his/
her credit balances on MCX-SX/ NSE, ereinafter referred
to as the "Exchanges" against the debit balances in
one or more accounts of the Client in relation to the
said Exchanges and segments of the Exchanges.
Without prejudice to the Stock Broker's other rights
(including the right to refer a matter to arbitration),
Stock Broker shall be entitled to liquidate/ close out
all or any of the Client's positions in cash segment
or derivative segment on any Exchange for
nonpayment of margins or other amounts,
outstanding debts, etc. and adjust the proceeds of
such liquidation/ close out, if any, against the Client's
liabilities/ obligations. Any and all losses and financial
charges on account of such liquidation/ closing-out
shall be charged to and borne by the Client.
On a default by the Client to remit any monies
payable to Stock Broker, Stock Broker shall be
entitled to appropriate the monies maintained by
the Client in the Minimum Margin Deposit towards
its dues. The Minimum Margin Deposit with Stock
Broker shall be subject to a lien for the discharge of
any and all indebtedness or any other obligation
that the Client may have to Stock Broker. The E-
broking Services shall be suspended to the Client
until such time as the Client replenishes funds
Continued on page 18
 adequate to maintain the Minimum Margin Deposit
at the stipulated level.
Not with standing anything contained in these
present, any amounts which are overdue from the
Client towards trading either in the cash or derivative
segments or on account of any other reason the Stock
Broker, will be charged delayed payment charges at
the rate of 2% per month or such other rate as may
be determined by the Stock Broker. The Client hereby
authorises the Stock Broker to directly debit the same
to the account of the Client at the end of each month.
10.4 In the event the client makes the specific request to
the stockbroker for the physical documents instead of
electronic/ digitally signed documents and subject to
the stockbroker being in a position to do so; the client
agrees to pay all such amounts that the stockbroker
may charge to cover the operational cost that the
stockbroker incurs in preparing and delivering the said
communications, documents, reports and alerts.
11. THE MINIMUM MARGIN DEPOSIT
Subject to Stock Broker's rights to appropriate the
Minimum Margin Deposit or an appropriate part
thereof against its dues, or towards margin money
payable by the Client, the Minimum Margin Deposit
shall be maintained by Stock Broker in a ledger account
of the customer in its books. If the Client so authorises
Stock Broker, the Minimum Margin Deposit may be
invested in a liquid fund or in such other scheme or
schemes as the Client and Stock Broker may agrees
from time to time. Any earnings on such deployments
shall, after deducting Stock Broker's standard
commission, be credited to the Client. The Client
expressly agrees and confirms that such investments
and deployment of the Minimum Margin Deposit, shall
be at the entire risk of the Client and Stock Broker
shall not be held responsible in any manner for any
losses that the Client may incur in this regard. Should
the Minimum Margin Deposit fall below the required
minimum limits as a result of any such losses, the Client
shall immediately replenish it upto the level of the
Minimum Margin Deposit, failing which the E-broking
Services may be suspended by Stock Broker. In the
event of the Client being required to pay margin money
whether under the rules of any Stock Exchange or
SEBI or as otherwise determined by Stock Broker, Stock
Broker shall be authorized to appropriate the Minimum
Margin Deposit or any part thereof, towards such
margin requirement. The Client shall immediately
replenish funds adequate to the required level of the
Minimum Margin Deposit, failing which the E-broking
Services may be suspended by Stock Broker.
12. CONFIRMATIONS AND CANCELLATIONS
12.1.1 Client authorises/ agrees Stock Broker broker to issue
the contract note in digital form. The Stock Broker
broker would upload the digital contracts notes on
the website and/ or send an E-mail to designated E-
mail ID of the Client (Client trading login id
@5pmail.com). The same shall be deemed to be
received by the Client. The Client is aware that it is
his/ her responsibility to review the trade,
confirmation, contract notes, bills, or statement of
account immediately upon their receipt. All
information contained therein shall be binding upon
the Client, if the Client does not object in writing to
any of the contents of such trades, confirmations,
contract notes, bills, statement of accounts within
twenty four hours to the Stock Broker broker. All
transactions undertaken by the Client via the Internet
during Trading Hours shall be confirmed to the Client
as per notification option opted for by the Client via
E-mail. While digital contact notes sent to the Client's
designated E-mail id would be the orginal contact
notes delivered to the Client. However a copy of the
digitally delivered contact notes may be issued by
the officers of Stock Broker upon their specific request.
The Client shall note that such copies are only a copy
of the validly delivered contract notes.
12.1.2 The Client may place trade orders outside Trading
Hours also. In case of execution of trade, an E-mail
confirmation may be sent by Stock Broker on the
next Business Day.
12.1.3 In case of orders placed during Trading Hours, every
effort will be made by Stock Broker to have the order
executed within a few seconds, subject to match
up of orders and other circumstances provided
herein. Any orders not executed for any reason
during Trading Hours, shall, unless the Order Type
requires or implies otherwise, stand cancelled.
12.1.4 In case of orders placed outside Trading Hours, subject
to the Order Type match up of orders and other
circumstances provided herein, every effort will be
made by Stock Broker to have the order executed
promptly upon commencement of Trading Hours on
the immediately following Business Day.
12.1.5 If the Client places a request to cancel an order,
the cancellation of that order is not guaranteed
by Stock Broker. The order will only be cancelled
if the Client's request for cancellation is received
in the Exchange and matched up with his/ her
order before it gets executed.
Continued on page 19
18
12.1.6 The Client agrees that the information sent by Stock
Broker by E-mail is deemed to be a valid delivery of
such information by Stock Broker to the Client. In the
event the Client does not receive any confirmation from
Stock Broker, whether by E-mail or printed/ digital
contract note, by the end of the next Business Day
following the date on which the order is placed, the
Client shall make inquiries with Stock Broker on the
status of the order. Stock Broker will not be responsible
for nonreceipt of contract notes due to any change in
E-mail address or correspondence address.
12.1.7 Stock Broker may from time to time receive late
reports from the MCX-SX/ NSE reporting the status
of transactions. Accordingly, the Client shall be
subject to late reports relating to orders that were
previously unreported to him or reported to him as
being expired, cancelled, or executed.
12.1.8 Any recording or position errors, including errors in
execution prices will be corrected to reflect what
actually occurred in the market place.
12.2 The Client further agrees as follows:
12.2.1 Stock Broker shall have the right to refuse to accept
any buy or sell transaction or order from the Client
without providing any reasons thereof provided that
Stock Broker shall immediately inform the Client of
any such decision.
12.2.2 Without prejudice to the generality of the above,
the Client is aware that Stock Broker has provided
on the web site, a facility for reconfirmation of
orders, which are larger than that specified by Stock
Broker's risk management team and that Stock
Broker has the discretion to reject the execution of
any orders based on its risk perception.
12.2.3 Stock Broker shall not be liable for non-execution
of any order or for any delays the execution of any
purchase or sale order or for any resultant loss on
account of such non-execution or delay, due to any
link/ system failure, electric failure, due to
Contingencies beyond it's control such as fire, flood,
civil commotion, earthquake at the Client/ Stock
Broker/ Exchange end.
12.2.4 Stock Broker shall, at its sole discretion subject any
sale or purchase order placed by the Client to manual
review and entry or other verification process, which
may cause delays in the processing of the Client's
orders.
12.2.5 The Client will receive the price at which his/ her
order is executed in the market place, which may
be different from what is trading when his/ her order
is entered into the system.
19
12.2.6 Inform Stock Broker if he/ she does not receive
confirmation of trade under section 12.1.1
13. INVESTMENT ADVICE
13.1.1 The Client acknowledges that Stock Broker shall not
be liable to provide it with any legal, tax or
accounting advice or advice regarding the suitability
or profitability of a security or investment.
13.1.2 The Client also acknowledges that Stock Broker's
employees are not authorized to give any such advice
and that the Client will not solicit or rely upon any
such advise from Stock Broker or any of its employees.
13.1.3 Any information or recommendations provided by
Stock Broker in addition to the Ebroking Service shall
not be construed as investment advice given by
Stock Broker to the Client.
14. REPRESENTATIONS AND WARRANTIES
14.1 Representation and Warranties of the Client
14.1.1 The Client agrees that the gross exposure
computation norms, the resulting authorized trade
limit for the Client, the Minimum Margin Deposit
requirement for each Product are discretionary
parameters that may be set by Stock Broker, at its
sole discretion without having to provide any reasons
for the same.
14.1.2 The Client is aware that authentication technologies
and strict security measures are required for the
Internet trading through order routed system.
Accordingly the Client undertakes to ensure that the
Password and Username are not revealed to any third
party and shall ensure that no third person other
than his/ her authorized representative gains access
to it.
14.1.3 The Client agrees that Stock Broker may, in its
absolute discretion, issue a new Password to the
Client on the terms and conditions stated herein or
on such terms and conditions as Stock Broker may
deem fit.
14.1.4 The Client shall, at all times, be bound by any
modifications and/ or variations made to this
Agreement by Stock Broker.
14.1.5 The Client agrees that Stock Broker may suspend the
E-broking Service in whole or in part, at any time
without prior notice if the Client does not comply with
any of the terms and conditions of this Agreement.
14.1.6 The Client shall take responsibility for all the
transactions conducted by using the E-broking
Service and will abide by the record of transactions
generated by Stock Broker. Such records generated
Continued on page 20
 by Stock Broker shall be conclusive proof and
binding on the Client for all purposes and may be
used as evidence in any proceedings. In particular it
shall not be an option to the Client to contend or
to try and avoid a transaction on the allegation that
a trade conducted on its Account using the
Password allotted to the Client was not a transaction
done by or on behalf of the Client.
14.1.7 The Client has the legal capacity to enter into this
Agreement and has taken all corporate and other
action necessary and obtained all required consents
to enable it to enter into this Agreement and this
Agreement constitutes legal, valid and binding
obligations of the Client enforceable against the
Client in accordance with its terms.
14.1.8 The Client confirms and undertakes that none of
the monies paid to or deposited by the Client with
Stock Broker is or shall be tainted with any form of
illegality.
14.1.9 The client hereby declares and confirms that he/she
is not acting as sub-broker for any transaction carried
out in his/her aforesaid client account held with IIL.
15. REPRESENTATION AND WARRANTIES OF STOCK
BROKER: Stock Broker represents and warrants that
it has received permission from the MCX-SX/ NSE
and BSE to provide E-broking Services and has
satisfied all necessary requirements of the
Exchanges, including but not limited to operational
and system requirements.
16. INDEMNITIES
The Client shall indemnify Stock Broker for all
transactions undertaken on its behalf by Stock
Broker and in particular shall not hold Stock Broker
liable for the following:
16.1.1 For any transactions using the E-broking Service
carried out in good faith by Stock Broker on
instructions issued by or on behalf of the Client.
16.1.2 For the unauthorized usage/ unauthorized
transactions conducted by using the E-broking Service
and/ or the Client's Account and/ or Password.
16.1.3 For any loss or damage incurred or suffered by the
Client due to any error, defect, failure or interruption
in the provision of the E-broking Service arising from
or caused by any reason whatsoever.
16.1.4 For any negligence/ mistake or misconduct by the
Client.
16.1.5 For any breach or non-compliance by the Client of the
rules/ terms and conditions stated in this Agreement.
16.1.6 For not carrying out any such instructions where Stock
Broker has reason to believe (which decision of Stock
Broker the Client shall not question or dispute) that
the instructions given are not genuine or are
otherwise improper, unclear, vague or raise a doubt
or that the Minimum Margin Deposit or margin
requirement to process a transaction is not there.
16.1.7 For any incidental, consequential, special or indirect
damages including but not limited to lost profits,
trading losses, or damages that result from
inconvenience, delay or loss of the use of the Service
even if Stock Broker has been advised of the
possibility of such damages.
17. CONFIDENTIALITY
The Client agrees that the Stock Broker has the right
to record the conversation between the Client's
representative and the Stock Broker, either personally
or over the telephone, and hereby specifically
permits the Stock Broker to do so. Such recordings
may be relied upon by the Stock Broker as and when
required to resolve disputes in connection with the
trading transactions.
18. MISCELLANEOUS: All trades, transactions and
contracts are subject to the Rules and Regulations of
the Exchange and shall be deemed to be and shall
take effect as wholly made, entered into and to be
performed in the city of Mumbai and the parties to
such trade shall be deemed to have submitted to the
jurisdiction of the Courts in Mumbai for the purpose
of giving effect to the provisions of the Rules, Byelaws
and Regulations of the Exchange.
The Client understands and agrees that Stock Broker
is acting as an agent of the Client, unless Stock
Broker notifies the Client, electronically or in writing,
before the settlement date for the transaction that
Stock Broker is acting as a dealer for its own account
or as agent for some other person.
Stock Broker 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 or telephone failure, war,
earthquakes, flood, accident, power failure, equipment
or software malfunction, strikes or any other conditions
beyond Stock Broker's control.
All notices, requests and other communications to
any party hereunder shall be in writing and sufficient
if delivered personally or sent by facsimile
transmission (with confirmation of receipt) or, if
permitted by law by E-mail, or by registered or
certified mail, postage prepaid, return receipt
Continued on page 21
20
 requested or by overnight mail or courier service,
addressed as follows:
To Stock Broker at:
Name of the person concerned:
R. VENKATARAMAN
Address : INDIA INFOLINE LTD., IIFL House, Sun
Infotech Park, Road No. 16V, Plot No. B-23, MIDC,
Thane Industrial Area, Wagle Estate, Thane - 400
604• Fax: (91-22) 2580 6654 • E-mail :
info@5pmail.com
To the Client at:
Name of the person concerned:
Address:
Fax: E-mail:
or to such other address or addresses or facsimile
numbers as the party to whom notice is to be given
may have furnished to the other party in writing in
accordance herewith. Each such notice, request or
communication shall be effective when received or,
if given by mail, when delivered at the address or
addresses specified in this Section or on the fifth
business day following the date on which such
communication is posted, whichever occurs first.
The Stock Broker and the Client are aware of the
provisions of Byelaws, Rules and Regulations of the
Stock Exchanges relating to resolution of disputes/
differences through the mechanism of arbitration
provided by the Stock Exchanges and agrees to abide
by the said provisions. Any and all disputes arising
out of or in connection with this agreement of its
performance shall be settled by arbitration by a
single Arbitrator appointed by India Infoline Ltd. The
arbitration shall be held, in Mumbai in accordance
with the provisions of the Arbitration and
Conciliation Act, 1996. As amended from time to
time. In case of any disputes relating to transactions
executed on any segment of any Stock Exchange,
the Client agrees to file the grievance application
only at the Investor Grievances Cell/ Arbitration
Department of the concerned Stock Exchange
situated at Mumbai, Maharashtra.
All trades, transactions and contracts are subject to
the Byelaws, Rules and Regulations of the relevant
Stock Exchange and shall be deemed to be and shall
take effect as wholly made, entered into and to be
performed in the city of Mumbai and the parties to
such trade shall be deemed to have submitted to the
jurisdiction of the Courts in Mumbai for the purpose
21
of giving effect to the provisions of the Rules and
Regulations of the Exchange. This Agreement shall
be governed by and construed in all Stock Broker
respects in accordance with the laws of the Republic
of India. This agreement can be altered, amended
and/ or modified by the parties mutually in writing
without derogating from the contents of this
Agreement. Provided however, if the rights and
obligatioStock Broker ns of the parties hereto are
altered by virtue of change in Rules and regulations
of SEBI or Byelaws, Rules and Regulations of the
relevant Stock Exchange, such changes shall be
deemed to have been incorporated herein in
modification of the rights and obligations of the
parties mentioned in this agreement.
19(I) FURTHER CLAUSES FOR INTERNET TRADING - AS
APPLICABLE TO MCX-SX/ NSE
1. 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.
2. In the event of death or insolvency of the Client or
his otherwise becoming incapable of receiving and
paying for or delivering or transferring securities which
the Client has ordered to be bought or sold, Stock
Broker 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 therefrom.
3. The agreement entered into between the Stock Broker
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.
4. 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.
5. 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 authorised representative are not revealed
to any third party.
Continued on page 22
6. The Client agrees that the Stock Broker shall not be
liable or responsible for non-execution of the orders
of the Client due to any link/ system failure at the
Client/ Stock Brokers/ EXCHANGE end.
7. The Stock Exchange may cancel a trade suo-moto
without giving any reason thereof. In the event of
such cancellation, Stock Broker shall be entitled to
cancel relative contract(s) with Client.
8. The Stock Broker shall also send the Order/ Trade
confirmation slip through E-mail to the Client at his
request, within (time period as specified by the
Client) from the time of execution of order/trade
on the NOW/ODIN System, as the case may be. The
CLINET agrees that the information sent by Stock
Broker by E-mail is deemed to be a valid delivery of
such information by the Stock Broker.
9. The Client is aware that the Stock Broker has provided
on the web site a facility for reconfirmation of orders,
which are larger than that specified by the Stock
Broker's risk management, by the Stock Broker and is
also aware that the Stock Broker has the discretion to
reject the execution of such orders based on his risk
perception.
10. The Client agrees that non-receipt of bounced mail
notification by the Stock Broker shall amount to
delivery of contract note at the e-mail ID of the
Client.
11. The Stock Broker and the Client are aware of the
provisions of Bye-Laws, Rules and regulations of the
Exchange relating to resolution of disputes/differences
through the mechanism of arbitration provided by
the Exchange and agree to abide by the said
provisions.
12. All trades, transactions and contracts are subject to the
Bye-Laws, Rules and Regulations of the Exchange and
shall be deemed to be and shall take effect as wholly
made, entered into and to be performed in the city of
2.
Mumbai and the parties to such trade shall be deemed
to have submitted to the jurisdiction of the Courts in
Mumbai for the purpose of giving effect to the provisions
of the Rules and Regulations of the Exchange.
19(ii) FURTHER CLAUSES FOR INTERNET TRADING
(ITORS SERVICES) AS APPLICABLE TO MCX-SX/
NSE
1. DEFINITIONS
3 USER NAME AND PASSWORD
1.1 In this Agreement (including the Recitals above), unless
3.1
the context otherwise requires the following words shall
have the following meanings:-
i. "Exchange Provisions" means the Rules, Byelaws,
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 ITORS prescribed by the Exchange, as
amended from time to time.
ii. "ITORS" means Internet based Trading through
Order Routing System, being a system approved
by the Exchange for enabling Client's to route
their orders to their Stock Broker-brokers over
the Internet.
iii. "ITORS Account Application" means the
application submitted by the Client to the Stock
Broker to permit the Client to avail of the Stock
Broker's ITORS Service.
iv. "ITORS Service" or "Service" means the service
offered by the Stock Broker to its Client's through
ITORS whereunder the Client's can route their
orders for purchase, sale and other dealings in
securities through the Stock Broker's ITORS System.
v. "Stock Broker's ITORS System" or "Stock Broker's
ITORS WebSite" means the web site hosted by
the Stock Broker on the Internet through which
the Stock Broker offers the ITORS Service and
includes the hardware and software used for
hosting and supporting the WebSite.
vi. "Password" means an alphanumeric code used
by the Client to validate his/her/username and
access the Service.
vii. "SEBI" means the Securities & Exchange Board
of India.
viii. "Username" means an alphanumeric login
identification used by the Client for accessing
the Service.
AGREEMENT TO PROVIDE AND AVAIL OF THE
ITORS SERVICE
The Stock Broker agrees to provide the Stock Broker's
ITORS Service to the Client, and the Client agrees to
avail of the Stock Broker's ITORS Service, on and
subject to the terms and conditions of this
Agreement, the Exchange Provisions and the terms
of the Stock Broker's ITORS Web Site.
The Client will be entitled to a username and
Password, which will enable him to access the Stock
Broker's ITORS System for availing of the Service.
Continued on page 23
22
3.2 The Client is aware that the Stock Broker's ITORS
System itself generates the initial Password and that
the Stock Broker is aware of the same. The Client
agrees and undertakes to immediately change his/
her initial Password upon receipt thereof. The Client
is aware that subsequent Passwords are not known
or available to the Stock Broker.
3.3 The Client shall be responsible for keeping the
Username and Password confidential and secure and
shall be solely responsible for all orders entered and
transactions done by any person whosoever through
the Stock Broker's ITORS System using the Client's
Username and/or Password whether or not such
person was authorised to do so.
3.4 The Client shall immediately inform the Stock Broker
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 it was unauthorisedly used, the transactions
effected pursuant to such unauthorized use, etc.
3. The Client acknowledges that he/she 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/ her
Username and/or Password by a third party and the
risk of a person hacking into the Client's account on
the Stock Broker's ITORS System and unauthorisedly
routing orders on behalf of the Client through the
System. The Client agrees that he/ she shall be fully
liable and responsible for any and all unauthorized
use and misuse of his/her Password and/or Username
and also for any and all acts done by any person
through the Stock Broker's ITORS System on the Client's
Username in any manner whatsoever.
3.6 The Client shall log off from the ITORS 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 Stock Broker
in writing with full details if :
i. he/ she discovers or suspects unauthorized
access through his/ her Username, Password or
account,
ii. he/ she notices discrepancies that might be
attributable to unauthorized access,
iii. he/ she forgets his/ her Password or
iv. he/ she discovers a security flaw in the Stock
Broker's ITORS System.
23
3.8 In any of the above events specified in Clause 3.7,
the Client shall immediately change his/ her
Password. However, if the Client is unable to change
his/ her Password by reason of his/ her having
forgotten his/ her Password or his/her Password
having been unauthorisedly changed by some other
person or for any other reason then the Client shall
immediately request the Stock Broker in writing to
discontinue his/ her old Password; and thereupon
the Stock Broker shall cause the Stock Broker's ITORS
System to discontinue the use of the Client's old
Password and the Stock Broker's ITORS System shall
generate a new Password for the Client which shall
be communicated to the Client. At no point in time
shall the Stock Broker be liable for any loss, whether
notional or actual, that may be suffered by the Client
on account of the misuse of the Password.
4. Transaction and Settlements
4.1 All orders for purchase, sale or other dealings in
securities and other instructions routed through the
Stock Broker's ITORS 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 Stock Broker may from time to time impose and
vary limits on the orders which the Client can place
through the Stock Broker's ITORS 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 Stock Broker may
need to vary or reduce the limits or impose new limits
urgently on the basis of the Stock Broker's risk
perception and other factors considered relevant by
the Stock Broker, and the Stock Broker may be unable
to inform the Client of such variation, reduction or
imposition in advance. The Client agrees that the
Stock Broker shall not be responsible for such
variation, reduction or imposition or the Client's
inability to route any order through the Stock Broker's
ITORS System on account of any such variation,
reduction or imposition of limits. The Client
understands and agrees that the Stock Broker 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 Stock Broker.
Continued on page 24
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 Stock Broker's ITORS System, the Stock Broker
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 Stock Broker 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/
she will receive the price at which his/ her 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/her order is entered
into the Stock Broker's ITORS System.
5. MARGIN: The Client agrees and undertakes to
immediately deposit with the Stock Broker such cash,
securities or other acceptable security, which the Stock
Broker may require as margin. The Client agrees that
the Stock Broker shall be entitled to require the Client
to deposit with the Stock Broker a higher margin than
that prescribed by the Exchange. The Stock Broker shall
also be entitled to require the Client to keep
permanently with the Stock Broker a margin of a value
specified by the Stock Broker so long as the Client
desires to avail of the Stock Broker's ITORS 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 Stock Broker is received by the Client.
6.3 The Exchange may annul a trade suo-moto without
giving a reason therefor. In the event of such
anullment, the Stock Broker shall be entitled to
cancel the relative contract(s) with the Client.
7. BROKERAGE, COMMISSION AND FEES
7.1 The Client agrees to pay the Stock Broker 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/ she receives
from the Stock Broker.
7.2 A schedule of brokerage, fees and commissions,
applicable service and other taxes and other transaction
expenses shall be provided by the Stock Broker 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 Stock Broker's
ITORS 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 Stock Broker 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 Stock Broker's
employees are not authorised to give any such advice
and that the Client will not solicit or rely upon any
such advice from the Stock Broker or any of its
employees.
9.3 The Client agrees that in the event of the Stock Broker
or any employee or official of the Stock Broker
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
Stock Broker shall not be liable or responsible for the
same.
9.4 The Client assumes full responsibility with respect
to his/ her investment decisions and transactions.
9.5 The Stock Broker, its officers, directors, partners,
employees, agents and affiliates will have no liability
with respect to any investment decisions or
transactions of the Client.
10 REPRESENTATION AND WARRANTIES OF CLIENT
The Clientrepresents and warrants to the Stock
Broker that:
10.1 All the information provided and statements made
in the Client's ITORS 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 Stock
Broker has agreed to provide the Stock Broker's
ITORS Service to the ITORS System or Service or the
Exchange's service or systems for any reason
whatsoever.
Continued on page 25
24
10.2 The Client has the required legal capacity to, and is
authorized to, enter into this Agreement and is
capable of performing his/her obligations and
undertakings hereunder.
10.3 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.
10.4 The Client shall abide by the Exchange Provisions
and the terms of the Stock Broker's ITORS WebSite
in force from time to time.
10.5 Any instructions given by an authorized
representative of the Client to the Stock Broker (or
to the Stock Broker's representative) shall be binding
on the Client.
11. REPRESENTATIONS AND WARRANTIES OF THE
STOCK BROKER
The Stock Broker represents and warrants to the
Client that:
The Stock Broker's ITORS System has been approved by
the Exchange. Where the ITORS system has not been
approved by the Exchange, the Stock Broker has applied/
proposes to apply to the Exchange to approve the said
ITORS System and the Stock Broker will commence the
Stock Broker's ITORS Service only after the Exchange
has approved the Stock Broker's ITORS System.
12. MARKET DATA
12.1 The Client understands that the Exchange asserts a
proprietary interest in all of the market data it
furnishes, directly or through the Stock Broker 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 Stock Broker 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/
she shall do so at his/her own risk and cost.
12. 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/she shall do so
at his/her own risk and cost.
13. NOTICES
13.1 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
25
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 Stock Broker at:
Name of the person concerned:
R. VENKATARAMAN
Address : INDIA INFOLINE LTD., IIFL House, Sun
Infotech Park, Road No. 16V, Plot No. B-23, MIDC,
Thane Industrial Area, Wagle Estate, Thane - 400
604• Fax: (91-22) 2580 6654 • E-mail :
info@5pmail.com
To the Client at:
Name of the person concerned:
Address:
Fax: E-mail:
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 Stock
Broker and the Client may be communicated orally.
14. EXTRAORDINARY EVENTS
The Stock Broker 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 Stock
Broker's control.
15. AMENDMENT TO AGREEMENT
The Client understands and agrees that the Stock
Broker may discontinue his/her ITORS Service in part
or in its entirety and change the terms of the Service
(including the terms on the Stock Broker's ITORS
WebSite) at any time and from time to time,
without prior notice.
16. TERMINATION OF AGREEMENT
16.1 The Client agrees that the Stock Broker 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
Continued on page 26
 Service it may not be possible for the Stock Broker
to give advance notice of such termination or
suspension to the Client.
16.2 The Client may at any time terminate this Agreement
by not less than seven days notice to the Stock
Broker, provided that unless the Stock Broker
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 Stock Broker.
16.3 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.
16.4 The provisions of Clauses 14, 20 and 21 of this
Agreement shall survive the termination of this
Agreement.
17. 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.
18. 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, Whereas
i. The Stock Broker is a Stock Broker of the Stock
Exchange, Mumbai ("the Exchange") and is also
registered with the Securities & Exchange Board
of India ("SEBI") as a Stock Broker with SEBI
Registration No. INB 011097533;
ii. The Client is a Client/constituent of the Stock
Broker, and the Stock Broker and the Client have
entered into a Stock Broker-Client Agreement
CLIENT
Name/ Trade Name
SIGN
dated the day of , in accordance with the model
agreement prescribed by SEBI ("the Main Stock
Broker-Client Agreement");
iii. The Stock Broker offers and/or proposes to offer
the ITORS Service to its Client's; and the Client desires
to avail of the Stock Broker's ITORS Service for
purchasing, selling or otherwise dealing in securities;
iv. The Stock Broker and the Client desire to enter
into this Supplemental Agreement to the Main
Stock Broker-Client Agreement in order to record
the agreement between them relating to the
StockBroker's ITORS Service to be availed of by
the Client.
19. LAW AND JURISDICTION
19.1 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.
19.2 This Agreement and all contracts and transactions
between the Stock Broker 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 thereunder and as
amended from time to time.
20. 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.
STOCK BROKER
India Infoline Ltd.
Authorised Signatory
7
14
26
 RISK DISCLOSURE DOCUMENT FOR CURRENCY DERIVATIVES SEGMENT
(TO BE GIVEN BY THE BROKER TO THE CLIENT)
This document is issued by the member of the National Stock
Exchange of India (NSE) which has been formulated by the
Exchange in coordination with the Securities and Exchange
Board of India (hereinafter referred to as "SEBI") and contains
important information on trading in Currency Derivatives
Segment of NSE/ MCX-SX/ . All prospective constituents
should read this document before trading in Currency
Derivatives Segment of the Exchange.
NSE/ MCX-SX/ /SEBI does neither singly or jointly and
expressly nor impliedly guarantee nor make any
representation concerning the completeness, the adequacy
or accuracy of this disclosure document nor has NSE/ MCX-
SX/ /SEBI endorsed or passed any merits of participating in
the segment. This brief statement does not disclose all the
risks and other significant aspects of trading.
In the light of the risks involved, you should undertake
transactions only if you understand the nature of the
contractual relationship into which you are entering and the
extent of your exposure to risk.
You must know and appreciate that trading in currency
derivatives or other instruments traded on the Stock Exchange,
which have varying element of risk, is generally not an
appropriate avenue for someone of limited resources/limited
investment and/or trading experience and low risk tolerance.
You should therefore carefully consider whether such trading
is suitable for you in the light of your financial condition. In
case you trade on NSE/ MCX-SX/ and suffer adverse
consequences or loss, you shall be solely responsible for the
same and NSE/ MCX-SX/ , its Clearing Corporation and/or SEBI
shall not be responsible, in any manner whatsoever, for the
same and it will not be open for you to take a plea that no
adequate disclosure regarding the risks involved was made or
that you were not explained the full risk involved by the
concerned member. The constituent shall be solely responsible
for the consequences and no contract can be rescinded on
that account. You must acknowledge and accept that there
can be no guarantee of profits or no exception from losses
while executing orders for purchase and/or sale of a currency
derivative contract being traded on NSE/ MCX-SX/ .
It must be clearly understood by you that your dealings on NSE/
MCX-SX/ through a member shall be subject to your fulfilling
certain formalities set out by the member, which may inter alia
include your filling the know your client form, client registration
form, execution of an agreement, etc., and are subject to the
Rules, Byelaws and Regulations of NSE/ MCX-SX/ and its Clearing
Corporation, guidelines prescribed by SEBI and in force from time
27
to time and Circulars as may be issued by NSE/ MCX-SX/ or its
Clearing Corporation and in force from time to time.
NSE/ MCX-SX/ does not provide or purport to provide any
advice and shall not be liable to any person who enters into
any business relationship with any trading member of NSE/
MCX-SX/ and/or any third party based on any information
contained in this document. Any information contained in
this document must not be construed as business advice. No
consideration to trade should be made without thoroughly
understanding and reviewing the risks involved in such trading.
If you are unsure, you must seek professional advice on the
same.
In considering whether to trade or authorize someone to
trade for you, you should be aware of or must get acquainted
with the following:-
1. BASIC RISKS
1.1 Risk of Higher Volatility: Volatility refers to the dynamic
changes in price that a currency derivatives contract
undergoes when trading activity continues on the Stock
Exchange. Generally, higher the volatility of a contract,
greater is its price swings. There may be normally
greater volatility in thinly traded currency derivatives
contracts than in active contracts. As a result of volatility,
your order may only be partially executed or not
executed at all, or the price at which your order got
executed may be substantially different from the last
traded price or change substantially thereafter, resulting
in notional or real losses.
1.2 Risk of Lower Liquidity: Liquidity refers to the ability of market
participants to buy and/or sell currency derivatives contracts
expeditiously at a competitive price and with minimal price
difference. Generally, it is assumed that more the numbers
of orders available in a market, greater is the liquidity.
Liquidity is important because with greater liquidity, it is
easier for investors to buy and/or sell currency derivatives
contracts swiftly and with minimal price difference, and as
a result, investors are more likely to pay or receive a
competitive price for currency derivatives contracts
purchased or sold. There may be a risk of lower liquidity in
some currency derivatives contracts as compared to active
contracts. As a result, your order may only be partially
executed, or may be executed with relatively greater price
difference or may not be executed at all.
1.2.1 Buying/selling currency derivatives contracts as part of a
day trading strategy may also result into losses, because
Continued on page 28
 in such a situation, contracts may have to be sold/
purchased at a low/high prices, compared to the
expected price levels, so as not to have any open position.
1.3 Risk of Wider Spreads: Spread refers to the difference
in best buy price and best sell price. It represents the
differential between the price of buying a security and
immediately selling it or vice versa. Lower liquidity
and higher volatility may result in wider than normal
spreads for less liquid or illiquid currency derivatives
contracts. This in turn will hamper better price
formation.
1.4 Risk-reducing orders: The placing of orders (e.g., "stop
loss" orders, or "limit" orders) which are intended to limit
losses to certain amounts may not be effective many a
time because rapid movement in market conditions may
make it impossible to execute such orders.
1.4.1 A "market" order will be executed promptly, subject to
availability of orders on opposite side, without regard
to price and that, while the customer may receive a
prompt execution of a "market" order, the execution
may be at available prices of outstanding orders, which
satisfy the order quantity, on price time priority. It may
be understood that these prices may be significantly
different from the last traded price or the best price in
that currency derivatives contract.
1.4.2 A "limit" order will be executed only at the "limit" price
specified for the order or a better price. However, while
the customer receives price protection, there is a
possibility that the order may not be executed at all.
1.4.3 A stop loss order is generally placed "away" from the
current price of a currency derivatives contract, and such
order gets activated if and when the contract reaches,
or trades through, the stop price. Sell stop orders are
entered ordinarily below the current price, and buy stop
orders are entered ordinarily above the current price.
When the currency derivatives contract reaches the pre
-determined price, or trades through such price, the stop
loss order converts to a market/limit order and is executed
at the limit or better. There is no assurance therefore
that the limit order will be executable since a currency
derivatives contract might penetrate the pre-determined
price, in which case, the risk of such order not getting
executed arises, just as with a regular limit order.
1.5 Risk of News Announcements: News announcements
that may impact the price of currency derivatives
contract may occur during trading, and when
combined with lower liquidity and higher volatility,
may suddenly cause an unexpected positive or
negative movement in the price of the contract.
1.6 Risk of Rumours: Rumours about currencies at times
float in the market through word of mouth,
newspapers, websites or news agencies, etc. The
investors should be wary of and should desist from
acting on rumours.
1.7 System Risk: High volume trading will frequently occur at
the market opening and before market close. Such high
volumes may also occur at any point in the day. These
may cause delays in order execution or confirmation.
1.7.1 During periods of volatility, on account of market
participants continuously modifying their order
quantity or prices or placing fresh orders, there may
be delays in order execution and its confirmations.
1.7.2 Under certain market conditions, it may be difficult or
impossible to liquidate a position in the market at a
reasonable price or at all, when there are no
outstanding orders either on the buy side or the sell
side, or if trading is halted in a security due to any
action on account of unusual trading activity or currency
derivatives contract hitting circuit filters or for any other
reason.
1.8 System/Network Congestion: Trading on NSE/ MCX-SX/
is in electronic mode, based on satellite/leased line based
communications, combination of technologies and
computer systems to place and route orders. Thus, there
exists a possibility of communication failure or system
problems or slow or delayed response from system or
trading halt, or any such other problem/glitch whereby
not being able to establish access to the trading system/
network, which may be beyond control and may result
in delay in processing or not processing buy or sell orders
either in part or in full. You are cautioned to note that
although these problems may be temporary in nature,
but when you have outstanding open positions or
unexecuted orders, these represent a risk because of
your obligations to settle all executed transactions.
2. ADDITIONAL FEATURES
2.1 Effect of "Leverage" or "Gearing": In the derivatives
market, the amount of margin is small relative to
the value of the derivatives contract so the
transactions are 'leveraged' or 'geared'. Derivatives
trading, which is conducted with a relatively small
amount of margin, provides the possibility of great
profit or loss in comparison with the margin
amount. But transactions in derivatives carry a high
degree of risk.
Continued in page 29
28
 You should therefore completely understand the
following statements before actually trading in
derivatives and also trade with caution while taking
into account one's circumstances, financial resources,
etc. If the prices move against you, you may lose a
part of or whole margin amount in a relatively short
period of time. Moreover, the loss may exceed the
original margin amount.
a. Futures trading involves daily settlement of all
positions. Every day the open positions are
marked to market based on the closing level of
the currency derivatives contract. If the contract
has moved against you, you will be required to
deposit the amount of loss (notional) resulting
from such movement. This amount will have to
be paid within a stipulated time frame, generally
before commencement of trading on next day.
b. If you fail to deposit the additional amount by the
deadline or if an outstanding debt occurs in your
account, the broker/member may liquidate a part
of or the whole position or substitute securities.
In this case, you will be liable for any losses
incurred due to such close-outs.
c. Under certain market conditions, an investor may
find it difficult or impossible to execute
transactions. For example, this situation can occur
due to factors such as illiquidity i.e. when there
are insufficient bids or offers or suspension of
trading due to price limit or circuit breakers etc.
d. In order to maintain market stability, the following
steps may be adopted: changes in the margin
rate or others. These new measures may also be
applied to the existing open interests. In such
conditions, you will be required to put up
additional margins or reduce your positions.
e. You must ask your broker to provide the full
details of the currency derivatives contracts you
plan to trade i.e. the contract specifications and
the associated obligations.
2.2 Currency specific risks
1. The profit or loss in transactions in foreign currency-
denominated contracts, whether they are traded in
your own or another jurisdiction, will be affected by
fluctuations in currency rates where there is a need
to convert from the currency denomination of the
contract to another currency.
2. Under certain market conditions, you may find it
difficult or impossible to liquidate a position. This can
29
occur, for example when a currency is deregulated or
fixed trading bands are widened.
3. Currency prices are highly volatile. Price movements for
currencies are influenced by, among other things:
changing supply-demand relationships; trade, fiscal,
monetary, exchange control programs and policies of
governments; foreign political and economic events and
policies; changes in national and international interest
rates and inflation; currency devaluation; and sentiment
of the market place. None of these factors can be
controlled by any individual advisor and no assurance
can be given that an advisor's advice will result in
profitable trades for a participating customer or that a
customer will not incur losses from such events.
3. GENERAL
3.1 Commission and other charges: Before you begin to
trade, you should obtain a clear explanation of all
commission, fees and other charges for which you will
be liable. These charges will affect your net profit (if
any) or increase your loss.
3.2 Deposited cash and property: You should familiarise
yourself with the protections accorded to the money
or other property you deposit particularly in the event
of a firm insolvency or bankruptcy. The extent to which
you may recover your money or property may be
governed by specific legislation or local rules. In some
jurisdictions, property which has been specifically
identifiable as your own will be pro-rated in the same
manner as cash for purposes of distribution in the event
of a shortfall. In case of any dispute with the member,
the same shall be subject to arbitration as per the
byelaws/regulations of the Exchange.
3.3 For rights and obligations of the clients, please refer
to Annexure-1 enclosed with this document.
3.4 The term 'constituent' shall mean and include a client,
a customer or an investor, who deals with a member
for the purpose of acquiring and/or selling of currency
derivatives contracts through the mechanism provided
by NSE/ MCX-SX/ .
3.5 The term 'member' shall mean and include a trading
member, a broker or a stock broker, who has been
admitted as such by NSE/ MCX-SX/ and who holds a
registration certificate from SEBI.
I hereby acknowledge that I have received and understood
this risk disclosure statement and Annexure-1 containing my
rights and obligations.
8
CUSTOMER SIGNATURE 14
Date: D D MM Y Y Y Y
 ANNEXURE - A-1 - INVESTORS' RIGHTS AND OBLIGATIONS
1.1 You should familiarise yourself with the protection
accorded to the money or other property you may
deposit with your member, particularly in the event of
a default in the Currency Derivatives market or the
broking firm's insolvency or bankruptcy.
1.1.1 Please ensure that you have a documentary proof of
your having made deposit of such money or property
with the member, stating towards which account such
money or property deposited.
1.1.2 Further, it may be noted that the extent to which you
may recover such money or property may be governed
by the Bye-laws and Regulations of NSE/ MCX-SX/ and
the scheme of the Investors' Protection Fund in force
from time to time.
1.1.3 Any dispute with the member with respect to
deposits, margin money, etc., and producing an
appropriate proof thereof, shall be subject to
arbitration as per the Rules, Byelaws/Regulations of
NSE/ MCX-SX/ or its Clearing Corporation.
1.2 Before you begin to trade, you should obtain a clear idea
from your member of all brokerage, commissions, fees
and other charges which will be levied on you for trading.
These charges will affect your net cash inflow or outflow.
1.3 You should exercise due diligence and comply with
the following requirements of the NSE/ MCX-SX/ and/
or SEBI:
1.3.1 Please deal only with and through SEBI registered
members of the Stock Exchange and are enabled to
trade on the Currency Derivatives Segment of the
Exchange. All SEBI registered members are given a
registration no., which may be verified from SEBI.
The details of all members of NSE/ MCX-SX/ and
whether they are enabled to trade may be verified
from NSE/ MCX-SX/ website (www.nseindia.com/
www.mcx-sx.com).
1.3.2 Demand any such information, details and
documents from the member, for the purpose of
verification, as you may find it necessary to satisfy
yourself about his credentials.
1.3.3 Furnish all such details in full as are required by the
member as required in "Know Your Client" form, which
may also include details of PAN or Passport or Driving
Licence or Voters Id, or Ration Card, bank account
and depository account, or any such details made
mandatory by NSE/ MCX-SX/ / SEBI at any time, as is
available with the investor.
1.3.4 Execute a broker-client agreement in the form prescribed
by SEBI and/or the Relevant Authority of NSE/ MCX-SX/
or its Clearing Corporation from time to time, because
this may be useful as a proof of your dealing
arrangements with the member.
1.3.5 Give any order for buy or sell of a currency derivatives
contract in writing or in such form or manner, as may
be mutually agreed. Giving instructions in writing
ensures that you have proof of your intent, in case of
disputes with the member.
1.3.6 Ensure that a contract note is issued to you by the
member which contains minute records of every
transaction. Verify that the contract note contains
details of order number, trade number, trade time,
trade price, trade quantity, details of the currency
derivatives contract, client code allotted to you and
showing the brokerage separately. Contract notes are
required to be given/sent by the member to the
investors latest on the next working day of the trade.
Contract note can be issued by the member either in
electronic form using digital signature as required,
or in hard copy. In case you do not receive a contract
note on the next working day or at a mutually agreed
time, please get in touch with the Investors Grievance
Cell of NSE/ MCX-SX/ , without delaying.
1.3.7 Facility of Trade Verification is available on NSE/ MCX-
SX/ website (www.nseindia.com/ www.mcx-sx.com),
where details of trade as mentioned in the contract
note may be verified from the trade date upto five
trading days. Where trade details on the website, do
not tally with the details mentioned in the contract note,
immediately get in touch with the Investors Grievance
Cell of NSE/ MCX-SX/ .
1.3.8 Ensure that payment of funds against settlement is given
to the concerned member within one working day prior
to the date of pay-in announced by NSE/ MCX-SX/ or its
Clearing Corporation. Payments should be made only by
account payee cheque in favour of the firm/company of
the trading member and a receipt or acknowledgement
towards what such payment is made be obtained from
the member.
1.3.9 In case pay-out of funds is not received on the next
working day after date of pay-out announced by NSE/
MCX-SX/ or its Clearing Corporation, please follow-up
with the concerned member for its receipt. In case pay-
out is not received as above from the member within
five working days, ensure that you lodge a complaint
immediately with the Investors' Grievance Cell of NSE/
MCX-SX/ .
1.3.10 Every member is required to send a complete 'Statement
of Accounts', for both settlements and margins, to each
Continued in page 31
30
 of its constituents, at such periodicity as may be
prescribed from time to time. You should report errors,
if any, in the Statement immediately, but not later than
30 calendar days of receipt thereof, to the member. In
case the error is not rectified or there is a dispute, ensure
that you refer such matter to the Investors Grievance
Cell of NSE/ MCX-SX/ , without delaying.
1.3.11 In case of a complaint against a member, you should
address the complaint to the Office as may be specified
by NSE/ MCX-SX/ from time to time.
1.4 In case where a member surrenders his membership,
NSE/ MCX-SX/ gives a public notice inviting claims, if
any, from investors. In case of a claim, relating to
"transactions executed on the trading system" of NSE/
MCX-SX/ , ensure that you lodge a claim with NSE/ MCX-
SX/ /Clearing Corporation within the stipulated period
and with the supporting documents.
1.5 In case where a member is expelled from trading
membership or declared a defaulter, NSE/ MCX-SX/ gives
RUNNING ACCOUNT LETTER*
Undertaking to maintain my account in Derivative/
Currency Derivatives Segment as a Running Account
Authorisation to IIL
a) I would like to keep securities purchased by me with
you as collateral for giving me exposure limits in my
trading account. I authorize you not to transfer shares/
securities purchased by me to my demat beneficiary
account and keep them with yourselves. I also authorise
you to pledge these shares/ securities with the Clearing
Member/Exchange/ Custodian, at your discretion. In case
any of the shares/ securities are sold in subsequent
settlements, you may take this as a standing instruction
to adjust against my previous purchase positions.
b) Whenever I require delivery of any shares/ securities, I
shall send you a written request. I understand that such
payout of securities will be made subject to your risk
management policies.
c) In case there is a debit balance in my account, you are
authorized to sell at any point of time the shares/
securities purchased by me in previous settlements, at
31
a public notice inviting claims, if any, from investors. In
case of a claim, relating to "transactions executed on the
trading system" of NSE/ MCX-SX/ , ensure that you lodge
a claim with NSE/ MCX-SX/ within the stipulated period
and with the supporting documents.
1.6 Claims against a defaulter/expelled member found to
be valid as prescribed in the relevant Rules/Bye -laws
and the scheme under the Investors' Protection Fund
(IPF) may be payable as prescribed by SEBI.
NOTES:
1. The term 'constituent' shall mean and include a client, a customer or an
investor, who deals with a trading member of NSE/ MCX-SX/ for the
purpose of buying and / or selling of currency derivatives contract through
the mechanism provided by NSE/ MCX-SX/ .
2. The term 'member' shall mean and include a trading member or a
broker or a stock broker, who has been admitted as such by NSE/
MCX-SX/ and who holds a registration certificate from SEBI.
3. The term 'contract' refers to currency derivatives contract and the term
'underlying' refers to the underlying currency of such currency derivatives
contracts.
CUSTOMER SIGNATURE 9
14
your sole discretion. Any profit or loss made on such
transactions will be to my account as it would have
occurred on normal purchase/ sale made by me. I also
agree to pay the balance amount, if any after deducting
credit of sale of shares.
d) I also request you not to issue cheques/ make payments
settlement wise unless specifically demanded by me,
as pay-in and payout are very close and therefore
exchange of cheque becomes unnecessary paper work.
So kindly maintain my account as a running account basis
for funds and securities.
If I want to withdraw the above authorisation, I shall intimate
to you in writing at least a week in advance to your regional
office and get a confirmation of the same from an
authorised representative of your company in writing.
Name:
Login ID:
10
SIGNATURE: 14
 ANNEXURE
Annexure “1” we disclose that we may undertake proprietary trading,
List of Designated Banks arbitrage as well as investment business on our account in
1. HDFC BANK 2. ICICI BANK 3. AXIS BANK addition to Client based business.
4. CITIBANK N.A. 5. CENTURION BANK Annexure “4”
Annexure “2” Declaration by Firm (Sole Proprietor)
List of Designated Depository Participants With reference to the trading account opened with you in
INDIA INFOLINE LTD. the name of
Note: IIL reserves the right to make any modifications in the I the undersigned, being the proprietor declare and authorise
above annexure. you on behalf of the above mentioned firm as under:
SIGNATURE:
Annexure “3”
Disclosure of Proprietary trading by broker to Client:
We refer to Circular No. SEBI/MRD/SE/Cir.42/2003 dated 19/ 11
14
11/2003 issued by Securities and Exchange Board of India
in connection with the above and in terms of the said circular (Please sign with stamp of the firm)

SCHEDULE OF CHARGES
BROKING SERVICES
Minimum Rs. 0.01 percent
MINIMUM PER SHARE BROKERAGE Rs. 0.01
STAMP DUTY - 200 per crore
Service tax as per applicable
Regulatory Charges 0.0001 - 1cr - 10

Remarks

NOTES: quoted above will be charged separately.

1. The above charges are exclusive of Service tax, Securities Transaction 5.
Tax, regulatory charges and stamp duty.
2. Charges/ service standards are subject to revision at sole discretion 6.
of India Infoline Ltd. and as informed by communication sent by
ordinary post/ E-mail.
4. Charges quoted above are for the services listed. Any service not
Customer is required to maintain a minimum balance of Rs.1000
in his/ her ledger account.
Management reserves the right to freeze, discontinue or suspend
any account if required.
I/ We have understood and accepted the Schedule of Charges as
stated here in above.

CLIENT SIGNATURE 12
14

Branch Manager Name:

Branch Manager Signature:

32

Voluntary and Limited purpose POA in favour of Broker for operational requirements as per client
authorization/ instruction.
POWER OF ATTORNEY*
POWER OF ATTORNEY IN FAVOUR OF INDIA INFOLINE LIMITED
Name Age
(Residence/ Place of business/ Registered office)
1)
2)
3)
This Power of Attorney (POA) is made by the persons mentioned
in the Schedule 1 in favour of "INDIA INFOLINE LIMITED", a
company incorporated under the provisions of the Companies
Act, 1956 in India and having its registered office at IIFL House,
Sun Infotech Park, Road No. 16V, Plot No.B-23, Thane Industrial
Area, Wagle Estate, Thane - 400 604 and Central Processing
and Record keeping office at India Infoline Tower, No.143,
M.G.R. Road, 3rd Floor, Central Processing Unit (CPU),
Perungudi, Near Life Line Hospital, Chennai - 600 096
(hereinafter referred to as 'IIFL', an expression deemed to mean
and include its successors and assigns)
WHEREAS India Infoline Limited is a member of the National
Stock Exchange of India Limited ("NSE") (bearing SEBI
registration nos. INB231097537, INF231097537 &
INE23109753 on the Capital Market Segment, Futures &
Options Segment and Currency Derivatives Segment
respectively), Bombay Stock Exchange Limited ("BSE") (bearing
SEBI registration nos. INB011097533 and INF011097533
on the Cash Market Segment and Derivatives Segment) and
MCX Stock Exchange Limited (bearing SEBI registration no.
INE261097537 on Currency Derivatives Segment).
AND WHEREAS India Infoline Limited is a Depository
Participant with the National Securities Depository Limited
(hereinafter referred to as "NSDL") having SEBI registration
number IN-DP-NSDL- 185-2000 and with Central Depository
Services (India) Limited (CDSL) having SEBI registration
number IN-DP-CDSL-352-2006.
AND WHEREAS India Infoline Limited is registered with
Association of Mutual Funds in India (AMFI) as Mutual Fund
Distributor having Registration no. ARN47791.
AND WHEREAS I/ We wish to avail / I/We am/ are a client
availing of the services offered by IIFL and has entered into
necessary agreement(s) ("Client Agreements") with IIFL for
transacting in securities with/ without On-Line trading/
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Login ID:
Address
E-broking & web based facilities and/ or services through its
website www.indiainfoline.com or any other website used
for offering said Services. Details of my/ our Trading and Demat
account with IIFL are provided in Schedule 1AND WHEREAS
for facilitating smooth operations of the said services being
availed from IIFL by me/ us, I/ We am/ are desirous of
appointing an attorney and confer upon it powers hereinafter
stated.
NOW THESE PRESENTS WITNESS that I/ We, do hereby, jointly
and severally nominate, constitute and appoint "India Infoline
Limited" being a Stock Broker and Depository Participant registered
with Securities and Exchange Board of India ("SEBI")acting through
any of its directors, officers and/ or agents, as my/ our true and
lawful Constituted Attorney (hereinafter referred to as the said
Attorney) for me/ us, in my/ our name and on my/ our behalf
and at my/ our risk and costs to do, exercise and perform all or
any of the following acts, deeds and things:
1. To instruct the Depository Participant, being IIFL to transfer
securities held in my/our beneficial owner/demat account
as provided in Schedule 2 or such other demat account as
may be intimated by me/us to IIFL from time to time ("client
designated demat accounts") to such demat account of
IIFL as provided in Schedule 2 and/ or designated by IIFL
and intimated to me from time to time ("IIFL designated
demat account") towards stock exchange related margin/
delivery obligations arising out of trades executed by me/
us through IIFL on any Stock Exchange in any segment
including cash, derivatives and currency derivatives segment.
2. To make application and/ or issue instruction for creation/
invocation/ closure of pledge on the securities/units held
in my/ our client designated demat accounts in favour
of IIFL for the limited purpose of meeting the margin
requirements in connection with the trades executed by
Continued in page 34
Login ID:
me/ us through IIFL on any Stock Exchange in any
segment including cash, derivatives and currency
derivatives segment.
3. To credit my/ our client designated demat accounts with
any securities that are to be delivered to me/ us/ borrowed
by me/ us.
4. Generally to do all such acts, deeds, matters and things
as may be necessary for or incidental to ensure that all
payments for and delivery of securities arising out of
transactions undertaken by me/ us under the agreements
are duly and properly completed.
5. Pursuant to my/ our instruction, to make necessary
applications on my/ our behalf to any officials or
authorities in India, including but not limited to, the
Central Government, and/or the Reserve Bank Of India,
Income Tax Authority, Stock Exchanges, Securities and
Exchange Board of India in connection with my/ our
purchase/ sale/ transfer holding and continuing to hold
securities, and to represent me in all respects before such
authority/ies and establish without encumbrance the
ownership of securities in my name.
6. The term "Securities" shall include shares, scrips, stocks, bonds,
warrants, options, futures, derivatives, convertible debentures,
non-convertible debentures, securitized debt instruments, fixed
return investment, equity linked instruments or other
marketable Securities of a like nature in or of any incorporated
company or other body corporate, negotiable instruments
including usuance Bills of Exchange, deposits or other money
market instruments, commercial paper, certificate of deposit,
units issued by Unit Trust of India and units issued by Mutual
Funds, mortgage backed or other asset backed Securities issued
by any institution or body corporate cumulative convertible
preference shares issued by any incorporated company and
Securities issued by any incorporated company and Securities
issued by the Central Government or a State Government for
the purpose of raising public loan and having one of the forms
specified in Clause (2) of Section 2 of the Public Debt Act,
1944, any other new form of capital or money market
instruments that may be issued in the future by any
incorporated company/ firm/ institution or Government.
7. Pursuant to my/ our instruction or instruction of my/our
Authorised Representative, to apply for various products like
Mutual Funds, Public issues of securities including debentures,
rights, offer of shares, tendering shares in open offers etc.
8. Pursuant to my/ our instruction or instruction of my/our
Authorised Representative, to acquire by subscribing to or
by purchase of securities or any other investment products
and to sell, transfer and endorse the same or redeem the
same or otherwise deal in the securities and/ or any other
investment products including but not limited to Initial Public
Offerings, Further Public Offerings, Buy Back Offers, Right
Issues either through internet using identification number
issued by any Authority from time to time or otherwise, and/
or to sign and to execute all transfer deeds whether as
transferor or transferee and such other instruments,
applications and papers as may be necessary for acquiring or
transferring/redeeming the same, marking pledge/lien on
such securities and/or for transferring the investments in the
units of Mutual Funds from one scheme to another or
between Mutual Funds and/ or otherwise as may be required
to deal in the securities or other investment products.
9. Pursuant to my/ our instruction or instruction of my/ our
Authorised Representative, to make applications for or
to renounce and sign renunciation forms in respect of
bonds/ debentures, right shares and additional shares
of any Company/ Body/ Authority and to receive and hold
such rights or additional shares bonds or debentures.
10.To issue orders and instructions for acquisitions and
disposal of investments for and on behalf of myself/
ourselves and to purchase or otherwise acquire, sell or
otherwise dispose off and invest in securities.
11.To sign the necessary forms and other documents if any
and to file the same with the company/ies and/ or Mutual
Fund concerned for purchase, sell, redemption or
otherwise transfer of such securities/ units of Mutual
Funds and transferring it in my/ our name.
12.To forward all such applications placed through the
website to the online-IPO module of the concerned
Exchange or owner/ issuer of Investment Product.
13.To receive statements and other documents pertaining
to the above units/ securities and to acknowledge receipt
of the same.
14.To do all such acts and things as may be necessary to
effect the subscription/ purchase/ redemption or any
other transaction in any securities and/ or Investment
Product for which services are availed from IIFL.
15.To debit the purchase price of such securities or any other
fees/ charges etc. due to IIFL and to discharge all
obligation in this regard on my/ our behalf to IIFL, in my
account with India Infoline Ltd.
16. To operate and to give delivery/ receive instructions, borrowing
and lending instructions, pledge instructions, pledge closure
instructions and to do all such other things that may be
necessary in the course of business relating to operation of
client designated demat account(s) or towards the obligation
for transactions done through IIFL on NSE, BSE, MCX-SX
and any other Exchange, under my/our instructions.
17.To execute the share transfer requests given by me/us
through the website or any other medium and process
the documents authenticated by authorized signatories
empowered to do so in this regard.
Continued in page 35
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18.To square off at its discretion my/ our position of
transactions that are not delivery marked during the day.
19.To demand, receive and give good and effectual receipt(s)
and discharge(s) for all or any dividends, interest, bonuses
or any other sum(s) and/ or income arising from the
shares, debentures, units and other investments and to
sign and endorse pay orders, dividend/ interest warrants
or certificates, receive all debts, sums of money, principal,
interest, dividend or other dues of whatever nature or
account which are now or at any time due and payable
and belong to me/ us.
20.For the purpose of the aforesaid to sign contracts,
agreements, transfers, acceptances, receipts, or other
instruments, documents and forms, to accept and carry
out correspondence with such person(s) or authority/
authorities or department(s) and to do all such lawful
acts requisite for effecting the same.
21.To correspond with and give notice to the corresponding
Asset Management Company/ Body Corporate/ Registrar
& Transfer Agent of securities including but not limited
to giving instructions with regard to nomination/change
in investment plans/any other changes that may be
necessitated/ instructed by me/ us.
22. To comply and/ or cause to be complied with all statutory
and other requirements attached to or arising out of these
premises and for these purpose to take such steps and
actions necessary or proper, including signing of affidavits,
indemnity, declarations, legal documents, deeds and
writings required.
23.To send consolidated summary of my/ our scrip wise
buy and sell positions taken with average rates by way
of SMS/ e-mail at my/ our registered mobile no./ email
id as provided by me/ us through contract note or any
other intimation, on a daily basis, notwithstanding any
other document to be disseminated as specified by SEBI
from time to time.
24.To arrange to return to me/ us the securities that may
have been received by IIFL erroneously or those securities
that IIFL is not entitled to receive from me/ us.
25. For all or any of the purpose aforesaid to appoint from time
to time a representative and to revoke such representation
but so that the appointment of any such representative
shall not affect or prejudice the rights or powers of the
Attorney to act hereunder and the Attorney may continue
to do so notwithstanding such appointments.
26.To do or omit to do all such acts and things as IIFL may in
its discretion consider to be necessary or desirable in order
to exercise its powers hereunder or to comply with any
laws, orders, rules, regulations or directions of any
government or regulatory or other authorities.
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Login ID:
27. My/ Our Attorney IIFL shall not be liable for any loss that
may result from failure/ inability of electronic connectivity
or rejection of my/ our application for any reason whatsoever.
28.My/ our Attorney IIFL shall not be liable for any transaction
processed on the basis of information provided by IIFL
to the issuers/ owners of securities or investment products
in the applications or otherwise based on the information
provided by me/ us.
AND I/ We hereby agree that IIFL shall exercise such powers
and authorities conferred under the above Power of Attorney
only pursuant to the instructions in that behalf given by me/
us or my/ our Authorised Representative, which may be given
orally, over the telephone, through the internet, electronically
or in any other manner acceptable to IIFL and such
instructions shall be deemed to have been given by me/ us
and shall not be questioned by me/ us and shall be conclusive
and binding on me/ us.
My/ Our "Authorised Representative" for the purpose this
Power of Attorney shall mean Mr. , or such other person
appointed by me/ us and intimated by me/ us in writing to
the Attorney from time to time.
AND I/ We hereby agree that all such acts done by my/ our
above mentioned attorney shall be deemed to be acts done
by me/ us and if necessary shall be ratified by me/ us on the
instructions of the said attorney.
AND I/ WE DO HEREBY CONFIRM AND DECLARE THAT this
Power of Attorney shall be valid, effective and operative and
shall remain in force till the termination of the Member -
Client Agreement and/ or any other agreement(s) that
I/ We have entered into with IIFL.
I/ We may revoke this Power of Attorney at any time by giving
a notice to IIFL in writing and the cessation of this authority
shall not affect or impair any act thereto done in exercise of
these presents.
Such notice shall be duly signed by me/ us and should be
received at :
India Infoline Tower, No.143, M.G.R. Road, 3rd Floor, Central
Processing Unit (CPU), Perungudi, Near Life Line Hospital,
Chennai - 600 096
The revocation shall be subject to due receipt, verification
and processing of the same by IIFL.
I/ We hereby undertake to ensure that prior to the revocation
of this power of attorney all amounts of debit balances
including penalties and other charges & expenses till the
date of revocation due to the Attorney as per its records are
paid/ cleared in full.
This document shall be subject to the jurisdiction of the
Courts in Mumbai.
MADE and executed at Mumbai on this day of 20
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SCHEDULE 1
Name Age Address
First/ Sole Holder
(Trading Account Client)
Second Holder
Third Holder
Trading Account No./ Client ID
Demat Account No.

Schedule 2
Client Designated Demat Account Nos.

IIFL Designated Demat Account Nos:

DP Name: INDIA INFOLINE LIMITED
DPID: 12044700 DPID: IN302269
00000044 12180091
00000063 12144461
00000078 10000005
00000103 10000013
00000059
00000082
IN WITNESS WHEREOF I/We have hereunto set and subscribed my/our respective hands to these presents the day and the
year herein above written.

Signed and Delivered by

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Sole/ First Holder Second Holder Third Holder
(for and on behalf of the Client)
CLIENT’S WITNESS FOR POWER OF ATTORNEY
FIRST WITNESS SECOND WITNESS
Names of Witness

Address of witness

Signature of Witness

We hereby agree to exercise the powers conferred upon us in terms of the clauses mentioned hereinabove.
For India Infoline Limited

Authorised Signatory
Date:

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 CHECKLIST OF DOCUMENTS TO BE SUBMITTED ALONG WITH THE FORM
(1) FOR CORPORATES
• PAN Card of Company (compulsory)
• Address proof of Company (if correspondence address is
differ, both the address proof is required)
• Copy of Board resolution
• Certified copy of MOA
• List of Directors with signatures
• Introduction from existing account holder/Applicant Bank
• Copies of audited Balance sheet & P & L A/c of last 2 years
• Photograph of authorized Directors
• Specimen copy of cheque in which name of Company appear
(2) FOR PARTNERSHIP FIRM
• PAN card of Firm (for broking a/c) & authorized partner (For demat a/c)
• Address proof of Firm (For broking)
• Address proof of authorized partners in whose name demat
account will be open
• Certified copy of Partnership Deed
• Copies of audited Balance sheet & P&L A/c of last 2 years
• Photograph of authorized partner
• A declaration on the letter head of the firm for authorizing
partner to deal in securities
• Specimen copy of cheque in which name of Firm appear

(3) FOR TRUST

• PAN Card of Trust (compulsory)
• Address proof of Trust (if correspondence address is differ, both the address proof is required)
• Copy of resolution.
• Certified copy of Trust Deed & Copy of Registration Certificate of the Trust
• List of Trustee with signatures Introduction from existing accountholder/Applicant Bank
• Copies of audited Balance sheet & P&L A/c of last 2 years
• Photograph of authorized Trustee
• Specimen copy of cheque in which name of Trust appear

Other requirements while opening Corporate/ Trust Account

Copies of the Balance Sheet for the last two financial years (Copies of Annual Balance Sheet to be submitted every year)
Copies of latest share holding pattern including list of all those holdings more than 5% in the share capital of the company,
duly certified by the company secretary/ Whole time director/ MD. (Copy of updated share holding pattern to be submitted
every year)
Copies of The Memorandum and Article of Association in case of a Company/ Body Incorporate.
Copy of the resolution of Board of Directors’ approving participation in equity/ derivative/ debt trading and naming authorized
persons for dealing in securities.
Photographs of Whole time Directors, individual promoters holding 5% or more, either directly or indirectly, in the share
holding of the company & of persons authorized to deal in securities.
Photocopy of PAN card
As per Depository requirement following documents may be accepted as proof of identity/ proof of address.
• Memorandum & Article of Association(MOA/ AOA), board resolution for opening account and the list of authorized
signatories along with their specimen signatures & photographs etc.
• Introduction by an existing account holder or by the applicant’s bank.
• Proof of address of the corporate evidenced by the document registered with Registrar of Companies or acknowledged
copy of income tax return or Bank Statement or Leave & License Agreement / Agreement for sale.
In case of additional signatures, seperate annexures should be attached to the application form. Strike off which ever is not
applicable.
Copies of Personal Details of Authuoriesed Personnel / Promoters / Directors of the Company
• Proof of residence (Copy of Passport/ Ration Card / Driving License / Voter’s Identity Card/ Bank Pass Book)
• Proof of Identity (Copy of Passport/Driving License / Voter’s Identity Card/ PAN Card)

37
 Notes :
• The information given above would be kept confidential, unless asked by regulatory agencies.
• For joint accounts documents are required for all the applicants. PAN card of all the joint holders would be required.
• Cheques should be drawn in favour of India Infoline Ltd.
• Demand Drafts should be drawn in favour of “India Infoline Ltd.- Account Login ID” (Login ID of Client )
• Copy of cancelled cheque leaf/ bank passbook/ bank statement containing name of client would be required while opening
account.
• Registration Certificate of Trust is mandatory for opening of Demat Account otherwise account would be open in the name of
Trustee of the Trust.
• The names and signatures of the account holders should be exactly in the same order as mentioned on the certificates to be
dematerialised.
• All communications shall be sent at the correspondence address of the Sole/First holder only.
• Thumb impressions and signatures other than English or Hindi or any of the other languages not contained in the 8th Schedule
of the Constitution of India must be attested by a Magistrate or a Notary Public or a Special Executive Magistrate.
• In case of an employee of another Member Broker, NOC from employer is required.

BSE SEBI Registration No. (Cash): INB 011097533; Member Code 179
BSE SEBI Registration No. (F & O): INF011097533 Form No.:
NSE SEBI Registration No. (CASH): INB 231097537; Member Code: 10975 Date : D D M M Y Y Y Y
NSE SEBI Registration No. (F & O): INF 231097537
NSE SEBI Registration (Currency Derivatives) INE 231097537
MCX-SX SEBI Registration No. (Currency Derivatives) INE 261097537
CDSL SEBI Registration No: IN DP CDSL 352 2006 (DP ID: 12044700);
NSDL SEBI Registration No: IN DP NSDL 185 2000 (DP ID: IN302269)
PMS SEBI Registration No.: INP000002213

FOR OFFICE USE ONLY

1. Complete Documentation Received Yes No If No, give details
2. “Verified with Original” stamp affixed on proofs Yes No
3. “PAN verified” stamp with Employee name & signature affixed on PAN proof Yes No

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