ANNEXURE - 1 Account Opening Kit

INDEX

SR. NAME OF DOCUMENTS PAGENO. NO.MANDATORY DOCUMENTS AS PRESCRIBED BY SEBI & EXCHANGES

1 In person Detail/Check List 02 - 04

2 Account Opening Form - KYC Form 05-06

3 Bank Detail/Segments/Sub Brokers Detail/Introducer Details/ 07-09Nomination

4 Rights and Obligations of Stock Brokers 10-13

5 Internet & Wireless Technology Based Trading Facility 14

6 Risk Disclosure Document for Capital Market and Derivatives 15-18

7 Guidance Note - Do’s Dont’s for Trading on the Exchange 19-20

8 Tariff Sheet 21

9 Policies and Procedures 22-26

10 Undertaking/Authorisation 27-28

VOLUNTARY DOCUMENTS AS PROVIDED BY THE STOCK BROKER11 MFSS Service Facility 29-30

12 Running: Account_ Authorization/ Authorization letter for ECN 31& 32

13 Check list of documents received for Opening the Account 33

Name of Stock Broker/Trading Member/Clearing Member : JK Securities Private Limited

SEBI Registration No. : NSE Cash - INB230823938, NSE F&0 INF230823938, NSE CDS -

INE230823938 MCX_SX Cash - INB260823936, MCX_SX F&O - INF260823936

Registered Office Address : Opp. People's Bank Park, Sardar Gunj Road,Anand 388001,

Gujarat Ph :+912692/243181/243726 Fax:+91 2692-240383 Website :www.jksecurities.com

Correspondence Office Address : Opp. People's Bank Park, Sardar gunj Road, Anand 388 001, Gujarat

Ph :+912692 243157/243181/243726 Fax:+91 2692 240383 Website :www.jksecurities.com Compliance

officer :Mr. Manish Shah +919978914266 compliance@jksecurities.com

Executive Director : Mr. Pranav Patel +912692 252516 pranav@jksecurities.corn

For any grievance/dispute please contactaddress or email on igc@jksecurities.com

JK Securities Private Limited at the above orPhone No. +91 90998 11000.

In case not satisfied with the response, please contact the Investor Grievance Cell/Arbitration(NSE)at ignse@nse.co.in and Phone No. +91 22 26598191 and (MCX_SX) atinvestorconviaints@mcx_sx.com and Phone No. +91 22 67318933/9000

We undertake PRO trading in NSE cash segment only.

FOR OFFICE USE ONLY

Allotted Unique Client Code

Documents verified with Client interviewed by In-Person VerificationOriginals done by

Employee Name

Employee Code

Employee Designation

Date

Signature

I/ We undertake that we have made the client aware of 'Policy and Procedures', tari sheet and all the non-mandatory documents. I/We have also made the client aware of 'Rights and Obligations' document(s),RDD and Guidance Note. I/We have given/sent him/her a copy of all the KYC documents. I/We undertakethat any change in the 'Policy and Procedures', tariff sheet and all the non-mandatory documents wouldbe duly intimated to the clients. I/We also undertake that any change in the 'Rights and Obligations' andRDD would be made available on my/our website, if any, for the information of the clients.

Sign (Authorized Signatory)

Date Seal/Stamp of the Stock Broker

INSTRUCTIONS/CHECK LIST

1. Additional documents in case of trading in derivatives segments - illustrative list:

Copy of ITR Acknowledgement Copy of Annual Accounts

In case of salary income - Salary Slip, Copy of Form 16 Net Worth Certificate

Copy of Demat Account Holding Statement Bank Account Statement for last 6 months

Any other relevant documents substantiating Self declaration with relevant supporting documentsownership of assets

NOTE : In respect of other clients, documents as per risk management policy of the Stock Broker need tobe provided by the client from time to time.

2. Copy of Cancelled Cheque leaf/Pass Book/Bank Statement specifying name of the constituent,MICR Code or/and IFSC Code of the bank should be submitted.

3. Demat Master or recent holding statement issued by DP bearing name of the client.4. For Individuals

(a) Stock Broker has an option of doing ‘In-Person’ verification through web camera at thebranch office of the Stock Broker/Sub-Broker’s office.

(b) In case of Non-Resident clients, employees at the Stock Broker's local office, overseascan do ‘In-Person' verification. Further, considering the infeasibility of carrying out 'In-person' verification of the Non-Resident clients by the Stock Broker's staff , attestation ofKYC documents by Notary Public, Court, Magistrate, Judge, local Banker, IndianEmbassy/Consulate General in the country where the client resides may be permitted.

5. For Non-Individuals(a) Form need to be initialized by all the authorized signatories.(b) Copy of Board Resolution or declaration (on the letterhead) naming the persons authorized

to deal in securities on behalf of company/ firm/others and their specimen signatures.

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Annexure – 2Instructions/Check list for filling KYC Form

A. Important Points :1. Self attested copy of PAN card is

mandatory for all clients, including Promoters/Partners/ Karta/ Trustees and whole time directorsand persons authorized to deal in securities onbehalf of company/ firm/others.

2. Copies of all the documents submitted bythe applicant should be self-attested andaccompanied by originals for verification. In casethe original of any document is not produced forverification, then the copies should be properlyattested by entities authorized for attesting thedocuments, as per the below mentioned list.

3. If any proof of identity or address is in aforeign language, then translation into English isrequired.

4. Name & address of the applicantmentioned on the KYC form, should match with thedocumentary proof submitted.

5. If correspondence & permanent address are

different, then proofs for both have to be submitted.

6. Sole proprietor must make the applicationin his individual name & capacity.

7. For non-residents and foreign nationals,(allowed to trade subject to RBI and FEMAguidelines), copy of passport/PIO Card/OCI Cardand overseas address proof is mandatory.

8. For foreign entities, CIN is optional; andin the absence of DIN No. for the directors, theirpassport copy should be given.

9. In case of Merchant Navy NRI’s, Mariner’sdeclaration or certified copy of CDC (ContinuousDischarge Certificate) is to be submitted.

10. For opening an account with Depositoryparticipant or Mutual Fund, for a minor, photocopyof the School Leaving Certificate/Mark sheetissued by Higher Secondary Board/Passport ofMinor/Birth Certificate must be provided.

11. Politically Exposed Persons (PEP) aredefined as individuals who are or have beenentrusted with prominent public functions in a foreigncountry, e.g., Heads of States or of Governments,senior politicians, senior Government/ judicial/ militaryofficers, senior executives of state ownedcorporations, important political party officials, etc.

B.Proof of Identity (POI) :List of documents admissible as Proof of Identity:

1. Unique Identification No. (UID) (Aadhaar)/Passport/ Voter ID card/ Driving license.

2.PAN card with photograph.3. Identity card/ document with applicant’s

Photo, issued by any of the following:

Central/State Government and its Departments,Statutory/Regulatory Authorities, Public SectorUndertakings, Scheduled Commercial Banks,Public Financial Institutions, Colleges affiliated toUniversities, Professional Bodies such as ICAI,ICWAI, ICSI, Bar Council etc., to their Members;and Credit cards/Debit cards issued by Banks.

C. Proof of Address (POA) :List of documents admissible as Proof of Address:(*Documents having an expiry date should be validon the date of submission.)

1. Passport/ Voters Identity Card/ Ration Card/

Registered Lease or Sale Agreement of Residence/

Driving License/ Flat Maintenance bill/ Insurance Copy.

2. Utility bills like Telephone Bill (only land line),

Electricity bill or Gas bill - Not more than 3 months old.

3. Bank Account Statement/Passbook --Not more than 3 months old.

4. Self-declaration by High Court andSupreme Court judges, giving the new address inrespect of their own accounts.

5. Proof of address issued by any of thefollowing: Bank Managers of ScheduledCommercial Banks/ Scheduled Co-OperativeBank/ Multinational Foreign Banks/ GazettedOfficer/ Notary Public/ Elected representatives tothe Legislative Assembly/ Parliament/ Documentsissued by any Govt. or Statutory Authority.

6. Identity card/document with address, issued

by any of the following: Central/State Government and

its Departments, Statutory/Regulatory Authorities, Public

Sector Undertakings, Scheduled Commercial Banks,

Public Financial Institutions, Colleges affiliated to

Universities and Professional Bodies such as ICAI,

ICWAI, ICSI, Bar Council etc., to their Members.7. For FII/sub account, Power of Attorney given

by FII/sub-account to the Custodians (which are duly

notarized and/or apostiled or consularised) that gives

the registered address should be taken. 8. The proof of

address in the name of the spouse may be accepted.

D. Exemptions/clarifications to PAN(*Sufficient documentary evidence in support ofsuch claims to be collected.)

1. In case of transactions undertaken onbehalf of Central Government and/or StateGovernment and by officials appointed by Courtse.g. Official liquidator, Court receiver etc.

2. Investors residing in the state of Sikkim.3. UN entities/multilateral agencies exempt

from paying taxes/ ling tax returns in India.4. SIP of Mutual Funds up to Rs 50, 000/- p.a.

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5. In case of institutional clients, namely, FIIs,MFs, VCFs, FVCIs, Scheduled Commercial Banks,Multilateral and Bilateral Development FinancialInstitutions, State Industrial DevelopmentCorporations, Insurance Companies registered withIRDA and Public Financial Institution as definedunder section 4A of the Companies Act, 1956,Custodians shall verify the PAN card details with theoriginal PAN card and provide duly certified copies ofsuch verified PAN details to the intermediary.

E. List of people authorized to attest the documents:

1.Notary Public, Gazetted Officer, Managerof a Scheduled Commercial/ Co-operative Bank orMultinational Foreign Banks (Name, Designation &Seal should be a affixed on the copy).

2. In case of NRIs, authorized officials ofoverseas branches of Scheduled CommercialBanks registered in India, Notary Public, CourtMagistrate, Judge, Indian Embassy /ConsulateGeneral in the country where the client resides arepermitted to attest the documents.

F. In case of Non-Individuals, additional documents to be obtained from non-individuals, over &

above the POI & POA, as mentioned below:

Types of entity

Corporate

Documentary requirements

Copy of the balance sheets for the last 2 financial years (to be submitted everyyear). Copy of latest share holding pattern including list of all those holding control,either directly or indirectly, in the company in terms of SEBI takeover Regulations,duly certified by the company secretary/Whole time director/MD (to be submittedevery year). Photograph, POI, POA, PAN and DIN numbers of whole timedirectors/two directors in charge of day to day operations.Photograph, POI, POA, PAN of individual promoters holding control - eitherdirectly or indirectly.Copies of the Memorandum and Articles of Association and certificate ofincorporation. Copy of the Board Resolution for investment in securities market.Authorised signatories list with specimen signatures.

Partnership Firm Copy of the balance sheets for the last 2 financial years (to be submitted everyyear). Certificate of registration (for registered partnership rms only).Copy of partnership deed.Authorised signatories list with specimen signatures.

Photograph, POI, POA, PAN of Partners.

Trust Copy of the balance sheets for the last 2 financial years (to be submitted every year).Certificate of registration (for registered trust only). Copy of Trust deed. List of trusteescertified by managing trustees/CA. Photograph, POI, POA, PAN of Trustees.

HUF PAN of HUF.Deed of declaration of HUF/ List of coparceners.Bank pass-book/bank statement in the name of HUF.Photograph, POI, POA, PAN of Karta.

Unincorporatedassociation ora body ofindividuals

Banks/InstitutionalInvestors

Foreign Institutional

Investors (FII)

Army/GovernmentBodies

RegisteredSociety

Proof of Existence/Constitution document.Resolution of the managing body & Power of Attorney granted to transactbusiness on its behalf.Authorized signatories list with specimen signatures.

Copy of the constitution/registration or annual report/balance sheet for the last 2financial years.

Authorized signatories list with specimen signatures.

Copy of SEBI registration certificate.Authorized signatories list with specimen signatures.

Self-certification on letterhead.fAuthorized signatories list with specimen signatures.

Copy of Registration Certificate under Societies RegistrationAct. List of Managing Committee members.Committee resolution for persons authorised to act as authorised signatories withspecimen signatures.True copy of Society Rules and Bye Laws certified by the Chairman/Secretary.

04

Individual Client Registration Form

Please ll this form in English and in BLOCK letters

PLEASE PASTE & SIGN

ACROSS PHOTOGRAPH

Identity Details

NameFIRST NAME MIDDLE NAME LAST NAME

Father’s/Spouse Name

Male FemaleDate of Birth D D M M Y Y Y Y Gender

Nationality Marital Status Single Married

Residential Status Resident Individual Non Resident Foreign National

PAN Number UID Number

Specify the proof of Identity submitted :

Address Details

Residence

Address

City Pin Code

State Country

Contact Details

Telephone No. (O) Fax No.

Telephone No. (R) Mobile No.

email :

Permanent Address Details if different from above oroverseas address mandatory for non residentapplicant

Address

City Pin Code

State CountrySpecify the proof of address submittedfor residence address :

5

Declaration :

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.

_______________________Signature of the Applicant

Date

FOR OFFICE USE ONLY

o Original verified and self attested document copies received

_________________________ _________________________________

Seal/Stamp of the Stock BrokerName & Signature (Authorized Signatory)

Date

6D D M M Y Y Y Y

07

Additional Details

• Whether you wish to receive Physical Contract Note or Electronic Contract Note (ECN) (Please Specify) :• Specify your email ID, if applicable :

Yes No• Whether you wish to avail of the facility of internet trading/wireless technology (Please specify) :• Number of years of Investment/Trading experience :• In case of non-individuals, name, designation, PAN, UID, signature, residential address and

photographs of persons authorised to deal in securities on behalf of company/ rm/others :• Any other information :

Introducer Details (Optional)

Name of the Introducer :FIRST NAME MIDDLE NAME LAST NAME

Status of the Introducer : Sub-Broker/ Remisier/Authorised Person/Existing Client/Others (Please Specify)

Address & Contact No. of the Introducer :Signature of the Introducer :

Nomination Details (for Individual only)

I/We wish to Nominate I/We do not wish to NominateName of the Nominee :

Relationship with the Nominee :PAN of Nominee :Date of Birth of Nominee :Address & Contact No. of the Nominee :If Nominee is a Minor, details of guardian :Name of Guardian :Address & Contact No. of Guardian :

Signature of Guardian :

Witnesses (Only applicable in case the account holder has made nomination)Name : Name :

Address : Address :

Signature : Signature :

Other Details

Gross Annual Income Details (Please specify below) :

> 25 Lac< 1 Lac 1-5 Lac 5-10 Lac 10-25 Lac

Net Worth as on Date : D D M M Y Y Y Y Amount

(Net Worth should not be older than 1 year)EducationalQualification Graduate Post Graduate Professional Other

BusinessOccupation Private Sector Public Sector Government Service

HousewifeProfessional Agriculturist Retired

Student Others

Please tick, if applicable : Politically Exposed Person (PEP) Related to a Politically Exposed Person

Any other information :

Declaration :

1.I/We hereby declare that the details furnished above are true and correct to the best of my/ourknowledge and belief and I/we 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/we areaware that I/we may be held liable for it.

2. I/We confirm having read/been explained and understood the contents of the document onpolicy and procedures of the stock broker and the tariff sheet.

3. I/We further confirm having read and understood the contents of the ‘Rights and Obligations’

document(s) and ‘Risk Disclosure Document’. I/We do hereby agree to be bound by such provisions as

outlined in these documents. I/We have also been informed that the standard set of documents has

been displayed for Information on stock broker’s designated website, if any.Place

Signature of Applicant/Date D D M M Y Y Y Y (all) Authorised Signatory (ies)

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MANDATORY

Annexure - 4 Rights and Obligations ofStock Brokers, Sub-Brokers and Clients

as prescribed by SEBI and Stock Exchanges

1. The client shall invest/trade in thosesecurities/contracts/other instruments admitted todealings on the Exchanges as defined in the Rules,Byelaws and Regulations of Exchanges/ Securitiesand Exchange Board of India (SEBI) andcirculars/notices issued there under from time to time.

2. The stock broker, sub-broker and theclient shall be bound by all the Rules, Byelaws andRegulations of the Exchange and circulars/noticesissued there under and Rules and Regulations ofSEBI and relevant notifications of Governmentauthorities as may be in force from time to time.

3.The client shall satisfy itself of thecapacity of the stock broker to deal in securitiesand/or deal in derivatives contracts and wishes toexecute its orders through the stock broker and theclient shall from time to time continue to satisfyitself of such capability of the stock broker beforeexecuting orders through the stock broker.

4. The stock broker shall continuouslysatisfy itself about the genuineness and financialsoundness of the client and investment objectivesrelevant to the services to be provided.

5.The stock broker shall take steps to makethe client aware of the precise nature of the Stockbroker’s liability for business to be conducted,including any limitations, the liability and thecapacity in which the stock broker acts.

6. The sub-broker shall provide necessaryassistance and co-operate with the stock broker inall its dealings with the client(s).

CLIENT INFORMATION7. The client shall furnish all such details in full

as are required by the stock broker in "Account Opening

Form” with supporting details, made mandatory by stock

exchanges/SEBI from time to time.

8. The client shall familiarize himself with allthe mandatory provisions in the Account Openingdocuments. Any additional clauses or documentsspecified by the stock broker shall be non-mandatory,as per terms & conditions accepted by the client.

9. The client shall immediately notify the stock

broker in writing if there is any change in theinformation in the ‘account opening form’ asprovided at the time of account opening andthereafter; including the information on winding uppetition/ insolvency petition or any litigation whichmay have material bearing on his capacity. Theclient shall provide/update the financial informationto the stock broker on a periodic basis.

10. The stock broker and sub-broker shallmaintain all the details of the client as mentioned inthe account opening form or any other informationpertaining to the client, confidentially and that theyshall not disclose the same to any person/authorityexcept as required under any law/regulatoryrequirements. Provided however that the stockbroker may so disclose information about his clientto any person or authority with the expresspermission of the client.

MARGINS11. The client shall pay applicable initial

margins, withholding margins, special margins orsuch other margins as are considered necessary bythe stock broker or the Exchange or as may bedirected by SEBI from time to time as applicable tothe segment(s) in which the client trades. The stockbroker is permitted in its sole and absolute discretionto collect additional margins (even though notrequired by the Exchange, Clearing House/ClearingCorporation or SEBI) and the client shall be obligedto pay such margins within the stipulated time.

12. The client understands that 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 settlement

of its trade, be obliged to pay (or entitled to receive)

such further sums as the contract may dictate/require.

TRANSACTIONS AND SETTLEMENTS13.The client shall give any order for buy or

sell of a security/derivatives contract in writing or insuch form or manner, as may be mutually agreedbetween the client and the stock broker. The stockbroker shall ensure to place orders and executethe trades of the client, only in the Unique ClientCode assigned to that client.

14. The stock broker shall inform the client and

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keep him apprised about trading/settlement cycles,delivery/payment schedules, any changes thereinfrom time to time, and it shall be the responsibilityin turn of the client to comply with suchschedules/procedures of the relevant stockexchange where the trade is executed.

15. The stock broker shall ensure 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

stock broker for himself/itself or for any other client or for

any purpose other than the purposes mentioned in

Rules, Regulations, circulars, notices, guidelines of

SEBI and/or Rules, Regulations, Bye-laws, circulars and

notices of Exchange.

16. Where the Exchange(s) cancels trade(s)suo moto all such trades including the trade/s doneon behalf of the client shall ipso facto standcancelled, stock broker shall be entitled to cancelthe respective contract(s) with client(s).

17. The transactions executed on the Exchange

are subject to Rules, Byelaws and Regulations and

circulars/notices issued there under of the Exchanges

where the trade is executed 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

Exchanges where the trade is executed for the purpose

of giving effect to the provisions of the Rules, Byelaws

and Regulations of the Exchanges and the

circulars/notices issued there under.

BROKERAGE18. The Client shall pay to the stock broker

brokerage and statutory levies as are prevailingfrom time to time and as they apply to the Client’saccount, transactions and to the services that stockbroker renders to the Client. The stock broker shallnot charge brokerage more than the maximumbrokerage permissible as per the rules, regulationsand bye -laws of the relevant stock exchangesand/or rules and regulations of SEBI.

LIQUIDATION AND CLOSE OUT OF POSITION

19. Without prejudice to the stock broker'sother rights (including the right to refer a matter toarbitration), the client understands that the stockbroker shall be entitled to liquidate/close out all or anyof the client's positions for non-payment of margins orother amounts, outstanding debts, etc. and adjust theproceeds of such liquidation/close out, if any, againstthe client's liabilities/obligations. Any and all lossesand financial charges on account of such liquidation/

MANDATORY

closing-out shall be charged to and borne by the client.

20. In the event of death or insolvency of the

client or his/its 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 claim losses, if any, against the estate of the

client. The client or his nominees, successors, heirs and

assignee shall be entitled to any surplus which may

result there from. The client shall note that transfer of

funds/securities in favor of a Nominee shall be valid

discharge by the stock broker against the legal heir.

21.The stock broker shall bring to thenotice of the relevant Exchange the informationabout default in payment/delivery and relatedaspects by a client. In case where defaulting clientis a corporate entity/ partnership/proprietary rm orany other artificial legal entity, then the name(s) ofDirector(s)/ Promoter(s)/Partner(s)/Proprietor asthe case may be, shall also be communicated bythe stock broker to the relevant Exchange(s).

DISPUTE RESOLUTION22. The stock broker shall provide the client

with the relevant contact details of the concernedExchanges and SEBI.

23. The stock broker shall co-operate inredressing grievances of the client in respect of alltransactions routed through it and in removingobjections for bad delivery of shares, rectificationof bad delivery, etc.

24. The client and the stock broker shall refer

any claims and/or disputes with respect to deposits,margin money, etc., to arbitration as per the Rules,

Byelaws and Regulations of the Exchanges where

the trade is executed and circulars/notices issued

there under as may be in force from time to time.

25. The stock broker shall ensure faster

settlement of any arbitration proceedings arising out

of the transactions entered into between him vis-à-vis

the client and he shall be liable to implement the

arbitration awards made in such proceedings.

26. The client/stock-broker understandsthat the instructions issued by an authorizedrepresentative for dispute resolution, if any, of theclient/stock-broker shall be binding on theclient/stock-broker in accordance with the letterauthorizing the said representative to deal onbehalf of the said client/stock-broker.

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TERMINATION OF RELATIONSHIP27. This relationship between the stock

broker and the client shall be terminated; if thestock broker for any reason ceases to be amember of the stock exchange including cessationof membership by reason of the stock broker'sdefault, death, resignation or expulsion or if thecertificate is cancelled by the Board.

28. The stock broker, sub-broker and theclient shall be entitled to terminate the relationshipbetween them without giving any reasons to the otherparty, after giving notice in writing of not less thanone month to the other parties. Notwithstanding anysuch termination, all rights, liabilities and obligationsof the parties arising out of or in respect oftransactions entered into prior to the termination ofthis relationship shall continue to subsist and vestin/be binding on the respective parties or his/itsrespective heirs, executors, administrators, legalrepresentatives or successors, as the case may be.

29. In the event of demise/insolvency of thesub-broker or the cancellation of his/its registrationwith the Board or/withdrawal of recognition of thesub-broker by the stock exchange and/or terminationof the agreement with the sub broker by the stockbroker, for any reason whatsoever, the client shall beinformed of such termination and the client shall bedeemed to be the direct client of the stock broker andall clauses in the ‘Rights and Obligations’document(s) governing the stock broker, sub-brokerand client shall continue to be in force as it is, unlessthe client intimates to the stock broker his/its intentionto terminate their relationship by giving a notice inwriting of not less than one month.

ADDITIONAL RIGHTS AND OBLIGATIONS30. The stock broker shall ensure due

protection to the client regarding client’s rights todividends, rights or bonus shares, etc. in respect oftransactions routed through it and it shall not doanything which is likely to harm the interest of theclient with whom and for whom they may have hadtransactions in securities.

31. The stock broker and client shall reconcile

and settle their accounts from time to time as per the

Rules, Regulations, Bye Laws, Circulars, Notices and

Guidelines issued by SEBI and the relevant

Exchanges where the trade is executed.

32. The stock broker shall issue a contract note

to his constituents for trades executed in such format as

may be prescribed by the Exchange from time to

MANDATORYtime containing records of all transactions including

details of order number, trade number, trade time, trade

price, trade quantity, details of the derivatives contract,

client code, brokerage, all charges levied etc. and with

all other relevant details as required therein to be filled

in and issued in such manner and within such time as

prescribed by the Exchange. The stock broker shall

send contract notes to the investors within one working

day of the execution of the trades in hard copy and/or in

electronic form using digital signature.

33. The stock broker shall make pay out offunds or delivery of securities, as the case may be,to the Client within one working day of receipt ofthe payout from the relevant Exchange where thetrade is executed unless otherwise specified by theclient and subject to such terms and conditions asmay be prescribed by the relevant Exchange fromtime to time where the trade is executed.

34. The stock broker shall send a complete

`Statement of Accounts’ for both funds and securities in

respect of each of its clients in such periodicity and

format within such time, as may be prescribed by the

relevant Exchange, from time to time, where the trade is

executed. The Statement shall also state that the client

shall report errors, if any, in the Statement within such

time as may be prescribed by the relevant Exchange

from time to time where the trade was executed, from

the receipt thereof to the Stock broker.

35. The stock broker shall send dailymargin statements to the clients. Daily Marginstatement should include, inter-alia, details ofcollateral deposited, collateral utilized andcollateral status (available balance/due from client)with break up in terms of cash, Fixed DepositReceipts (FDRs), Bank Guarantee and securities.

36. The Client shall ensure that it has the

required legal capacity to, and is authorized to, enterinto the relationship with stock broker and is capableof performing his obligations and undertakings

hereunder. All actions required to be taken to ensurecompliance of all the transactions, which the Client

may enter into shall be completed by the Client priorto such transaction being entered into.

ELECTRONIC CONTRACT NOTES (ECN)37. In case, client opts to receive the contract

note in electronic form, he shall provide an appropriate

e-mail id to the stock broker. The client shall

communicate to the stock broker any change in the

email-id through a physical letter. If the client has opted

for internet trading, the request for change of email id

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may be made through the secured access by wayof client specific user id and password.

38. The stock broker shall ensure that allECNs sent through the e-mail shall be digitallysigned, encrypted, non-tamper able and incompliance with the provisions of the IT Act, 2000. Incase, ECN is sent through e-mail as an attachment,the attached le shall also be secured with the digitalsignature, encrypted and non- tamper able.

39. The client shall note that non-receipt ofbounced mail notification by the stock broker shallamount to delivery of the contract note at the e-mail ID of the client.

40. The stock broker shall retain ECN andacknowledgement of the e-mail in a soft and non-tamper able form in the manner prescribed by theexchange in compliance with the provisions of the ITAct, 2000 and as per the extant rules/regulations/circulars/guidelines issued by SEBI/Stock Exchangesfrom time to time. The proof of delivery i.e., log reportgenerated by the system at the time of sending thecontract notes shall be maintained by the stockbroker for the specified period under the extantregulations of SEBI/stock exchanges. The log reportshall provide the details of the contract notes that arenot delivered to the client/e-mails rejected or bouncedback. The stock broker shall take all possible steps toensure receipt of notification of bounced mails by himat all times within the stipulated time period under theextant regulations of SEBI/stock exchanges.

41. The stock broker shall continue to sendcontract notes in the physical mode to such clientswho do not opt to receive the contract notes in theelectronic form. Wherever the ECNs have not beendelivered to the client or has been rejected (bouncingof mails) by the e-mail ID of the client, the stockbroker shall send a physical contract note to the clientwithin the stipulated time under the extant regulationsof SEBI/stock exchanges and maintain the proof ofdelivery of such physical contract notes.

42. In addition to the e-mail communication of

the ECNs to the client, the stock broker shallsimultaneously publish the ECN on his designated

web-site, if any, in a secured way and enable relevantaccess to the clients and for this purpose, shall allot aunique user name and password to the client, with an

option to the client to save the contract noteelectronically and/or take a print out of the same.

MANDATORY

LAW AND JURISDICTION43. In addition to the specific rights set out

in this document, the stock broker, sub-broker andthe client shall be entitled to exercise any otherrights which the stock broker or the client mayhave under the Rules, Bye-laws and Regulationsof the Exchanges in which the client chooses totrade and circulars/ notices issued there under orRules and Regulations of SEBI.

44. The provisions of this document shallalways be subject to Government notifications, anyrules, regulations, guidelines and circulars/noticesissued by SEBI and Rules, Regulations and Bye lawsof the relevant stock exchanges, where the trade isexecuted, that may be in force from time to time.

45. The stock broker and the client shall abide

by any award passed by the Arbitrator(s) under the

Arbitration and Conciliation Act, 1996. However, there is

also a provision of appeal within the stock exchanges, if

either party is not satisfied with the arbitration award.

46. Words and expressions which are used inthis document but which are not defined herein shall,unless the context otherwise requires, have the samemeaning as assigned thereto in the Rules, Byelawsand Regulations and circulars/notices issued thereunder of the Exchanges/SEBI.

47. All additional voluntary clauses/documentadded by the stock broker should not be incontravention with rules/regulations/notices/circularsof Exchanges/SEBI. Any changes in such voluntaryclauses/document(s) need to be preceded by a noticeof 15 days. Any changes in the rights and obligationswhich are specified by Exchanges/SEBI shall also bebrought to the notice of the clients.

48. 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 Exchanges where the trade is

executed, such changes shall be deemed to have been

incorporated herein in modification of the rights and

obligations of the parties mentioned in this document.

Signature of the Applicant

Date D D M M Y Y Y Y

13

Internet & Wireless Technology Based Trading

Facility Provided by Stock Brokers to Clients(All the clauses mentioned in the ‘Rights And Obligations’ document(s)

shall be applicable. Additionally, the clauses mentioned herein shall also be applicable.)

1. Stock broker is eligible for providing Internet

based trading (IBT) and securities trading through the

use of wireless technology that shall include the use of

devices such as mobile phone, laptop with data card, etc.

which use Internet Protocol (IP). The stock broker shall

comply with all requirements applicable to internet based

trading/securities trading using wireless technology as

may be specified by SEBI & the Exchanges from time to

time.

2. The client is desirous of investing/trading in

securities and for this purpose, the client is desirous of

using either the internet based trading facility or the

facility for securities trading through use of wireless

technology. The Stock broker shall provide the Stock

broker’s IBT Service to the Client, and the Client shall

avail of the Stock broker’s IBT Service, on and subject to

SEBI/Exchanges Provisions and the terms and

conditions specified on the Stock broker’s IBT Web Site

provided that they are in line with the norms prescribed

by Exchanges/SEBI.

3. The stock broker shall bring to the notice of

client the features, risks, responsibilities, obligations and

liabilities associated with securities trading through

wireless technology/internet/smart order routing or any

other technology should be brought to the notice of the

client by the stock broker.

4. The stock broker shall make the client aware

that the Stock Broker’s IBT system itself generates the

initial password and its password policy as stipulated in

line with norms prescribed by Exchanges/SEBI.

5. 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 IBT System using the Client’s Username

and/or Password whether or not such person was

authorized to do so. Also the client is aware that

authentication technologies and strict security measures

are required for the internet trading/ securities trading

through wireless technology through order routed system

and undertakes to ensure that the password of the client

and/or his authorized representative are not revealed to

any third party including employees and dealers of the

stock broker

6. The Client shall immediately notify the

stock broker in writing if he forgets his password,

discovers security aw in Stock Broker’s IBT System,

discovers/ suspects discrepancies/ unauthorized

access through his username/password/account

with full details of such unauthorized use, the date,

the manner and the transactions e ected pursuant to

such unauthorized use, etc.

7. The Client is fully aware of and

understands the risks associated with availing of a

service for routing orders over the internet/securities

trading through wireless technology and Client shall

be fully liable and responsible for any and all acts

done in the Client’s Username/password in any

manner whatsoever.

8. The stock broker shall send the

order/trade confirmation through email to the client

at his request. The client is aware that the order/

trade confirmation is also provided on the web

portal. In case client is trading using wireless

technology, the stock broker shall send the

order/trade confirmation on the device of the client.

9. The client is aware that trading over

the internet involves many uncertain factors and

complex hardware, software, systems,

communication lines, peripherals, etc. are

susceptible to interruptions and dislocations. The

Stock broker and the Exchange do not make any

representation or warranty that the Stock broker’s

IBT Service will be available to the Client at all times

without any interruption.

10. The Client shall not have any claimagainst the Exchange or the Stock broker onaccount of any suspension, interruption, non-availability or malfunctioning of the Stock broker’sIBT System or Service or the Exchange’s service orsystems or non-execution of his orders due to anylink/system failure at the Client/Stockbrokers/Exchange end for any reason beyond thecontrol of the stock broker/Exchanges.

Signature of the Applicant

Date D D M M Y Y Y Y

14

Annexure - 5

MANDATORY

Risk Disclosure Documentfor Capital Market and Derivatives Segments

This document contains important information ontrading in Equities/Derivatives Segments of thestock exchanges. All prospective constituentsshould read this document before trading inEquities/Derivatives Segments of the Exchanges.

Stock exchanges/SEBI does neither singly or jointlyand expressly nor impliedly guarantee nor make anyrepresentation concerning the completeness, theadequacy or accuracy of this disclosure documentnor have Stock exchanges /SEBI endorsed or passedany merits of participating in the trading segments.This brief statement does not disclose all the risksand other significant aspects of trading.

In the light of the risks involved, you shouldundertake transactions only if you understand thenature of the relationship into which you areentering and the extent of your exposure to risk.

You must know and appreciate that trading in Equityshares, derivatives contracts or other instrumentstraded on the Stock Exchange, which have varyingelement of risk, is generally not an appropriateavenue for someone of limited resources/limitedinvestment and/or trading experience and low risktolerance. You should therefore carefully considerwhether such trading is suitable for you in the light ofyour financial condition. In case you trade on Stockexchanges and suffer adverse consequences or loss,you shall be solely responsible for the same andStock exchanges/its Clearing Corporation and/orSEBI shall not be responsible, in any mannerwhatsoever, for the same and it will not be open foryou to take a plea that no adequate disclosureregarding the risks involved was made or that youwere not explained the full risk involved by theconcerned stock broker. The constituent shall besolely responsible for the consequences and nocontract can be rescinded on that account. You mustacknowledge and accept that there can be noguarantee of profits or no exception from losses whileexecuting orders for purchase and/or sale of aderivative contract being traded on Stock exchanges.

It must be clearly understood by you that your dealings

on Stock exchanges through a stock broker shall be

subject to your fulfilling certain formalities set out by the

stock broker, which may inter alia include your filling the

know your client form, reading the rights and

obligations, do’s and don’ts, etc., and are subject to the

Rules, Byelaws and Regulations of relevant Stockexchanges, its Clearing Corporation, guidelinesprescribed by SEBI and in force from time to time andCirculars as may be issued by Stock exchanges or itsClearing Corporation and in force from time to time.

Stock exchanges does not provide or purport toprovide any advice and shall not be liable to anyperson who enters into any business relationship withany stock broker of Stock exchanges and/or any thirdparty based on any information contained in thisdocument. Any information contained in thisdocument must not be construed as business advice.No consideration to trade should be made withoutthoroughly understanding and reviewing the risksinvolved in such trading. If you are unsure, you mustseek professional advice on the same.

In considering whether to trade or authorizesomeone to trade for you, you should be aware ofor must get acquainted with the following:-

1. BASIC RISKS:1.1 Risk of Higher Volatility:

Volatility refers to the dynamic changes in price that asecurity/derivatives contract undergoes when tradingactivity continues on the Stock Exchanges. Generally,higher the volatility of a security/derivatives contract,greater is its price swings. There may be normallygreater volatility in thinly traded securities /derivatives contracts than in active securities/derivatives contracts. As a result of volatility, yourorder may only be partially executed or not executedat all, or the price at which your order got executedmay be substantially different from the last tradedprice or change substantially thereafter, resulting innotional or real losses.

1.2 Risk of Lower Liquidity:Liquidity refers to the ability of market participants to buy

and/or sell securities / 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

securities / derivatives contracts swiftly and with minimal

price difference, and as a result, investors are more

likely to pay or receive a competitive price for securities

/ derivatives contracts purchased or sold. There may be

a risk of lower liquidity in some securities/ derivatives contracts as compared to active securities

/ derivatives contracts. As a result, your order may only

15

be partially executed, or may be executed withrelatively greater price difference or may not beexecuted at all.

1.2.1 Buying or selling securities /derivatives contracts as part of a day tradingstrategy may also result into losses, because insuch a situation, securities / derivatives contractsmay have to be sold / purchased at low / highprices, compared to the expected price levels, soas not to have any open position or obligation todeliver or receive a security / derivatives contract.

1.3 Risk of Wider Spreads:Spread refers to the difference in best buy priceand best sell price. It represents the differentialbetween the price of buying a security / derivativescontract and immediately selling it or vice versa.Lower liquidity and higher volatility may result inwider than normal spreads for less liquid or illiquidsecurities / derivatives contracts. This in turn willhamper 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 tocertain amounts may not be effective many a timebecause rapid movement in market conditions maymake it impossible to execute such orders.

1.4.1 A "market" order will beexecuted promptly, subject to availability of orderson opposite side, without regard to price and that,while the customer may receive a promptexecution of a "market" order, the execution maybe at available prices of outstanding orders, whichsatisfy the order quantity, on price time priority. Itmay be understood that these prices may besignificantly different from the last traded price orthe best price in that security / derivatives contract.

1.4.2 A "limit" order will be executedonly at the "limit" price specified for the order or abetter price. However, while the customer receivesprice protection, there is a possibility that the ordermay not be executed at all.

1.4.3 A stop loss order is generally

placed "away" from the current price of a stock /

derivatives contract, and such order gets activated if

and when the security / derivatives 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 security / 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

MANDATORY

security / derivatives contract might penetrate thepre-determined price, in which case, the risk ofsuch order not getting executed arises, just as witha regular limit order.

1.5 Risk of News Announcements:News announcements that may impact the price ofstock / derivatives contract may occur duringtrading, and when combined with lower liquidityand higher volatility, may suddenly cause anunexpected positive or negative movement in theprice of the security / contract.

1.6 Risk of Rumors:Rumors about companies / currencies at times oat inthe market through word of mouth, newspapers,websites or news agencies, etc. The investors shouldbe wary of and should desist from acting on rumors.

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, onaccount of market participants continuouslymodifying their order quantity or prices or placingfresh orders, there may be delays in orderexecution and its confirmations.

1.7.2 Under certain market conditions,it may be difficult or impossible to liquidate a positionin the market at a reasonable price or at all, whenthere are no outstanding orders either on the buy sideor the sell side, or if trading is halted in a security /derivatives contract due to any action on account ofunusual trading activity or security / derivativescontract hitting circuit filters or for any other reason.

1.8 System/Network Congestion:Trading on exchanges 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.

16

2. As far as Derivatives segments are concerned,

please note and get yourself acquainted with the

following additional features :

2.1 Effect of "Leverage" or "Gearing":In the derivatives market, the amount of margin issmall relative to the value of the derivativescontract so the transactions are 'leveraged' or'geared'. Derivatives trading, which is conductedwith a relatively small amount of margin, providesthe possibility of great pro t or loss in comparisonwith the margin amount. But transactions inderivatives carry a high degree of risk.

You should therefore completely understand thefollowing statements before actually trading inderivatives and also trade with caution while takinginto account one's circumstances, financialresources, etc. If the prices move against you, youmay lose a part of your whole margin amount in arelatively short period of time. Moreover, the lossmay exceed the original margin amount.

A. Futures trading involve dailysettlement of all positions. Every day the openpositions are marked to market based on the closinglevel of the index / derivatives contract. If the contracthas moved against you, you will be required todeposit the amount of loss (notional) resulting fromsuch movement. This amount will have to be paidwithin a stipulated time frame, generally beforecommencement of trading on next day.

B. If you fail to deposit the additionalamount by the deadline or if an outstanding debtoccurs in your account, the stock broker mayliquidate a part of or the whole position orsubstitute securities. In this case, you will be liablefor any losses incurred due to such close-outs.

C. Under certain market conditions,an investor may find it difficult or impossible toexecute transactions. For example, this situation canoccur due to factors such as illiquidity i.e. when thereare insufficient bids or orders or suspension of tradingdue to price limit or circuit breakers etc.

D. In order to maintain marketstability, the following steps may be adopted:changes in the margin rate, increases in the cashmargin rate or others. These new measures mayalso be applied to the existing open interests. Insuch conditions, you will be required to put upadditional margins or reduce your positions.

E. You must ask your broker toprovide the full details of derivatives contracts youplan to trade i.e. the contract specifications and theassociated obligations.

MANDATORY

2.2 Currency specific risks:1.The profit or loss in transactions in

foreign currency-denominated contracts, whetherthey are traded in your own or another jurisdiction,will be a effected by fluctuations in currency rateswhere there is a need to convert from the currencydenomination of the contract to another currency.

2. Under certain market conditions, you

may find it difficult or impossible to liquidate a position.

This can occur, for example when a currency is

deregulated or xed trading bands are widened.

3. Currency prices are highly volatile.Price movements for currencies are influenced by,among other things: changing supply-demandrelationships; trade, social, monetary, exchangecontrol programs and policies of governments;foreign political and economic events and policies;changes in national and international interest ratesand inflation; currency devaluation; and sentiment ofthe market place. None of these factors can becontrolled by any individual advisor and no assurancecan be given that an advisor's advice will result in protable trades for a participating customer or that acustomer will not incur losses from such events.

2.3 Risk of Option holders:1. An option holder runs the risk of

losing the entire amount paid for the option in arelatively short period of time. This risk reflects thenature of an option as a wasting asset whichbecomes worthless when it expires. An optionholder who neither sells his option in the secondarymarket nor exercises it prior to its expiration willnecessarily lose his entire investment in the option.If the price of the underlying does not change inthe anticipated direction before the option expires,to an extent sufficient to cover the cost of theoption, the investor may lose all or a significantpart of his investment in the option.

2. The Exchanges may imposeexercise restrictions and have absolute authority torestrict the exercise of options at certain times inspecified circumstances.

2.4 Risks of Option Writers:1. If the price movement of the

underlying is not in the anticipated direction, theoption writer runs the risks of losing substantialamount.

2. The risk of being an option writer may

be reduced by the purchase of other options on the

same underlying interest and thereby assuming a

spread position or by acquiring other types of hedging

positions in the options markets or other markets.

However, even where the writer has assumed a spread

17

or other hedging position, the risks may still besignificant. A spread position is not necessarilyless risky than a simple 'long' or 'short' position.

3. Transactions that involve buying and

writing multiple options in combination, or buying or

writing options in combination with buying or selling

short the underlying interests, present additional risks to

investors. Combination transactions, such as option

spreads, are more complex than buying or writing a

single option. And it should be further noted that, as in

any area of investing, a complexity not well understood

is, in itself, a risk factor. While this is not to suggest that

combination strategies should not be considered, it is

advisable, as is the case with all investments in options,

to consult with someone who is experienced and

knowledgeable with respect to the risks and potential

rewards of combination transactions under various

market circumstances.

3. Trading through Wireless Technology/SmartOrder Routing or and other Technology :Any additional provisions defining the features, risks,responsibilities, obligations and liabilities associatedwith securities trading through wireless technology/smart order routing or any other technology should bebrought to the notice of the client by the stock broker.

4.General

4.1 The term ‘constituent’ shall mean and

include a client, a customer or an investor, who deals

with a stock broker for the purpose of acquiring

and/or selling of securities / derivatives contracts

through the mechanism provided by the Exchanges.

4.2 The term ‘stock broker’ shall mean andinclude a stock broker, a broker or a stock broker,who has been admitted as such by the Exchangesand who holds a registration certificate from SEBI.

MANDATORY

Signature of the Applicant

Annexure - 6

MANDATORY

Guidance Note - Do’s and Don’ts for

Trading on the Exchange(s) for investors

Before you begin to trade1. Ensure that you deal with and through only

SEBI registered intermediaries. You may check their

SEBI registration certificate number from the list

available on the Stock exchanges www.exchange.com

and SEBI website www.sebi.gov.in.

2. Ensure that you fill the KYC formcompletely and strike o the blank fields in the KYCform.

3. Ensure that you have read all themandatory documents viz. Rights and Obligations,Risk Disclosure Document, Policy and Proceduredocument of the stock broker.

4. Ensure to read, understand and then signthe voluntary clauses, if any, agreed between youand the stock broker. Note that the clauses asagreed between you and the stock broker cannotbe changed without your consent.

5. Get a clear idea about all brokerage,commissions, fees and other charges levied by thebroker on you for trading and the relevant provisions/guidelines specified by SEBI/Stock exchanges.

6. Obtain a copy of all the documentsexecuted by you from the stock broker free of charge.

7. In case you wish to execute Power ofAttorney (POA) in favor of the Stock broker,authorizing it to operate your bank and demataccount, please refer to the guidelines issued bySEBI/Exchanges in this regard.

Transactions and Settlements8. The stock broker may issue electronic

contract notes (ECN) if specifically authorized byyou in writing. You should provide your email id tothe stock broker for the same. Don’t opt for ECN ifyou are not familiar with computers.

9. Don’t share your internet tradingaccount’s password with anyone.

10. Don’t make any payment in cash to thestock broker.

11. Make the payments by account payeecheque in favor of the stock broker. Don’t issuecheques in the name of sub-broker. Ensure thatyou have a documentary proof of yourpayment/deposit of securities with the stock broker,stating date, scrip, quantity, towards which bank/demat account such money or securities depositedand from which bank/ demat account.

12. Note that facility of Trade Verification is

available on stock exchanges’ websites, where details

of trade as mentioned in the contract note may be

verified. Where trade details on the website do not tally

with the details mentioned in the contract note,immediately get in touch with the InvestorsGrievance Cell of the relevant Stock exchange.

13. In case you have given specificauthorization for maintaining running account, payoutof funds or delivery of securities (as the case maybe), may not be made to you within one working dayfrom the receipt of payout from the Exchange. Thus,the stock broker shall maintain running account foryou subject to the following conditions:

A. Such authorization from you shallbe dated, signed by you only and contains theclause that you may revoke the same at any time.

B. The actual settlement of funds and

securities shall be done by the stock broker, at least

once in a calendar quarter or month, depending on your

preference. While settling the account, the stock broker

shall send to you a ‘statement of accounts’ containing an

extract from the client ledger for funds and an extract

from the register of securities displaying all the

receipts/deliveries of funds and securities. The

statement shall also explain the retention of funds and

securities and the details of the pledged shares, if any.

C. On the date of settlement, thestock broker may retain the requisite securities/fundstowards outstanding obligations and may also retainthe funds expected to be required to meet derivativesmargin obligations for next 5 trading days, calculatedin the manner specified by the exchanges. In respectof cash market transactions, the stock broker mayretain entire pay-in obligation of funds and securitiesdue from clients as on date of settlement and for nextday’s business, he may retain funds/securities/marginto the extent of value of transactions executed on theday of such settlement in the cash market.

D. You need to bring any disputearising from the statement of account or settlementso made to the notice of the stock broker in writingpreferably within 7 (seven) working days from thedate of receipt of funds/securities or statement, asthe case may be. In case of dispute, refer thematter in writing to the Investors Grievance Cell ofthe relevant Stock exchanges without delay.

14. In case you have not opted formaintaining running account and pay-out offunds/securities is not received on the next workingday of the receipt of payout from the exchanges,please refer the matter to the stock broker. In casethere is dispute, ensure that you lodge a complaintin writing immediately with the Investors GrievanceCell of the relevant Stock exchange.

19

15. Please register your mobile number and emailid with the stock broker, to receive tradeconfirmation alerts/ details of the transactionsthrough SMS or email, by the end of the tradingday, from the stock exchanges.

In case of Termination of Trading Membership16. In case, a stock broker surrenders his

membership, is expelled from membership ordeclared a defaulter; Stock exchanges gives a publicnotice inviting claims relating to only the "transactionsexecuted on the trading system" of Stock exchange,from the investors. Ensure that you lodge a claim withthe relevant Stock exchanges within the stipulatedperiod and with the supporting documents.

17. Familiarize yourself with the protectionaccorded to the money and/or securities you maydeposit with your stock broker, particularly in theevent of a default or the stock broker’s insolvencyor bankruptcy and the extent to which you mayrecover such money and/or securities may begoverned by the Bye-laws and Regulations of therelevant Stock exchange where the trade wasexecuted and the scheme of the Investors’Protection Fund in force from time to time.

Disputes/ Complaints18. Please note that the details of the

arbitration proceedings, penal action against thebrokers and investor complaints against the stockbrokers are displayed on the website of therelevant Stock exchange.

19. In case your issue/problem/grievance isnot being sorted out by concerned stockbroker/sub-broker then you may take up the matterwith the concerned Stock exchange. If you are notsatisfied with the resolution of your complaint thenyou can escalate the matter to SEBI.

20. Note that all the stock broker/sub-brokers

have been mandated by SEBI to designate an e-mail ID

of the grievance redressal division/compliance officer

exclusively for the purpose of registering complaints.

MANDATORY

__________________________

_Signature of the Applicant

DateD D M M Y Y Y Y

20

Tariff Sheet

Account Opening Nil

Statutory Charges( POA) 175.00

Account Closing Nil

Brokerage Cash F&O CDS

Delivery F F

Intraday O O

Transaction Charges

Security Transaction Tax* Delivery Jobbing Sale of a Sale of anfutures in option insecurities securities

Delivery 0.1% 0.025% 0.01 % 0.05%

Transaction Charges ( beneficiary toclient share transfer) 20.00

Stamp Duty*

Delivery 0.010%

Jobbing 0.002%

Service Tax* 14%

Swach Bharat Abhiyan Cess 0.5 %

Krishi Kalyan Cess 0.5 %

Turnover Charge*

Cash 0.00325%

Future & Option Future 0.0019%

CDS-Future-0.0011%

Option 0.05%

CDSoption0.04%

SEBI Turnover Charge* 0.0002%

*As per Government Rules _____________________

Signature of the Applicant

Date

21

MANDATORY

Policies and Procedures as per SEBI circular MRISB/SE/Cir- 19/2009 datedDecember 03, 2009_________________________________________________________________

1. Policy for Penny Stock / Securities

A Security that trades at a relatively low price(generally such securities are trading below facevalue of the security) and has small marketcapitalization is a penny stock. These types ofstocks are generally considered to be highlyspeculative & high risk because of their lack ofliquidity, large bid-ask spreads, smallcapitalization and limited following anddisclosure.

The Company recommends that its clients desistfrom trading in any penny stocks in view of theassociated risk element while dealing in suchstocks. Further, the client is also required toadhere to Exchange/ Members' guidelines anddue diligence while trading in such stocks. AlsoSEBI / Exchange from time to time issuesdirectives necessitating additional due diligencefor dealing in such stock(s).

Depending on the market condition, applicableregulatory guidelines and applicable risk policyof the Company, the Company at its solediscretion, may impose certain restrictions and/or conditions (on case to case basis) includingbut not limited to refusal, wholly or partly, fortrading in penny stocks.These restrictions/ conditions include but are notlimited to the following -

Restrictions on trading, either wholly or partly,in certain security(ies) or category ofsecurity(ies) contracts viz.

illiquid stocks / stocks having low liquidity,

− illiquid options / far month options / long dated options,

− securities listed in Z, T, TS, S, B group and/or securities listed in BE, IL, BT or EQ series onNSE, − any other securities/ contracts which as per the perception of the Company are volatile or

22

subject to market manipulation or hasconcentration risk at client level or at theCompany level,

acceptance or partial acceptance of an orderfor buy and/or sell. Such acceptance mayrequire execution in a controlled environment(for e.g. from centralized desk instead of fromdesignated dealing area or electronic platform);

cancellation of orders of the above securitiescontracts received from clients before executionor after partial execution without assigning anyreasons thereof;

Requirement to obtain appropriatedeclarations from the client before / afteraccepting such orders.

The Company shall –

not be responsible for non-execution / delay inexecution of such orders and consequentialopportunity loss or financial loss to the client

have the discretion to place such restrictions,notwithstanding the fact that the client hasadequate credit balance or margin available inhis account and/or the client had previouslypurchased or sold such securities / contractsthrough the Company itself;

have the right to revise the list of suchsecurities / contracts on a periodic basis.

Client can obtain the information about theupdated list of securities from the RelationshipManager / Dealing office 22100% margin will be taken from the client andthese shares will not be taken to as Margindeposit.

May require compulsory settlement/advancepayment of expected settlement value/deliveryof securities for settlement prior toacceptance/placement of order(s) as well, theorder being for securities which are not in thepermitted list of the stock broker/exchange(s) asassessed by theBroker

2. Setting up client’s exposure limits

Margin based limit / exposures will be set forclients for transacting in Cash and F&Osegment. While computing the available margin,clear credit lying in client's settlement andmargin ledger, securities held in client'sbeneficiary account with Member may beconsidered.

Margin can be paid in form of cash andapproved collateral. Collateral will be valued ondaily basis at latest / previous day's closing priceand appropriate hair-cut shall be applicable. Listof approved collaterals / securities along withapplicable haircut, is subject to revision fromtime to time based on Exchange approved list,market volatility, quality of collateral and internalguidelines; and same can be obtained from theRelationship Manager / Dealing Office.

The Stock Broker may from time to time impose& vary limits on the orders that the client canplace through the Stock Broker’s trading system(including exposure limits, turnover limits, limitsas to the number, value and/or kind of securitiesin respect of which orders can be placed etc.).

The Stock Broker may need to vary or reducethe limits or impose new limits urgently on thebasis of the Stock Broker’s risk perception andother factors considered relevant by the StockBroker including but not limited to client's tradehistory / experience, if available, client’s financialcapacity and / or credit worthiness limits onaccount of the Exchange/SEBI directions/limits(such as broker level/market level limits insecurity specific/volume specific exposures etc.)and the Stock Broker may be unable to informthe client of such variation, reduction orimposition or the clients inability to route anyorder through the Stock Broker’s trading systemon account of any such variation, reduction orimposition of limits.

The client further agrees that the Stock Brokermay at any time, at its sole discretion andwithout prior notice, prohibit or restrict theclient’s ability to place orders or trade insecurities through the Stock Broker, or it maysubject any order placed by the client to reviewbefore its entry into the trading systems and mayrefuse to execute / allow execution of orders dueto but not limited to the reason of lack of margin/ securities or the order being outside the limitsset by Stock Broker / Exchange / SEBI and anyother reasons which the Stock Broker may deemappropriate in the circumstances. Sometimesclient's sauda go to IOC (immediate orcancel) instead of normal trading if brokerterminals is on square off mode.

23

The client agrees that the losses, if any onaccount of such refusal or due to delay causedby such review, shall be borne exclusively by theclient.

3. Policy on Brokerage Rate and OtherCharges

Brokerage shall be applied as per the ratesagreed upon with the client in the KYC at the timeof registration of the client through a mentioneddocument between the client and JKSPL.

The brokerage charged to the clients will notbe more than the maximum brokeragepermissible as per the rules, regulations andbye-laws of the relevant Exchange / SEBI. In consideration of providing broking services,the client agrees to pay to the Member,brokerage and statutory levies as are prevailingfrom time to time and as they apply to theclient's account, transactions and to the stockbroking services that Member renders to theclient.

The brokerage and other charges (includingtaxes thereon) shall be communicated to theclient at the time of registration and any variationthereon would be mutually agreed from time totime.

A schedule of fee and commission, applicableservice taxes and other transaction expensesshall also be provided to the client from time totime, upon request.

4. Imposition of penalty / delayed paymentcharges

As per the Exposure Limit section outlinedearlier in the document, client shall maintainadequate margin / settle the obligation / top-upthe margin by scheduled date. In case client failsto settle the dues in time, the Company reservesits right to levy late pay in / delayed paymentcharges at 21% p.a. calculated on daily basis onshortfall amount till the date of actual realizationof money. for not making payment of their pay-in/ margin obligation on time as per the Exchangerequirement / schedule and

The above levy is only a penal measure in caseof a client default in meeting settlement andmargin obligation and should not be construedas funding arrangement by the client; and theclient cannot demand continuation of service ona permanent basis citing levy of delayedpayment charges. Further all fines/penaltiesand charges levied upon the client due to itsacts/deeds or transactions will be recovered bythe stock broker directly from the clientsaccounts.

The client agrees that the Stock Broker mayimpose fines / penalties for any orders / trades /deals / actions of the client which are contrary tothe Client Registration documents / Rights andObligations document / rules / regulations / byelaws of the Exchange or any other law for thetime being in force, at such rates and in suchform as it may deem fit.

Further where the Stock Broker has to pay anyfine or bear any punishment from any authorityin connection with / as a consequence of / inrelation to any of the orders / trades / deals /actions of the client, the same shall be borne bythe client.

The Company provides exposure against theupfront margin received in the form of cash /collateral from the client and the client also hasthe prerogative to demand withdrawal of cash orcollaterals at his discretion, subject to surplusmargin in place. The Company shall not pay anyinterest or other benefit to the client formaintaining cash balances or depositingcollateral margins with the Company except forthe corporate benefit received on such collateralsecurities, if any.

5. Liquidation Policy

(The right to sell client’s securities or closeclient’s positions, without giving notice to theclient, on account of non-payment of clientsdues)

Without prejudice to the Stock Broker’s otherrights (including the right to refer the matter toarbitration), the Stock Broker shall be entitled toliquidate / close out all or any of the clientspositions without giving notice to the client fornon-payment of margins or other lawful amountsincluding the pay in obligation ,lawfuloutstanding debts, etc to the extent of client’ssettlement / margin obligation only. Theproceeds of such liquidation / close out, if any,would be adjusted against the clients liabilities /lawful obligations. The client would be requiredto make good the shortfall, if any postliquidation, immediately on being intimated ofthe same by the Member.The client shall ensure timely availability offunds / securities in form and manner at adesignated time and in designated bank anddepository accounts(s), for meeting his / her / itspay in obligation of funds and securities. Anyand all losses and financial charges on accountof such liquidations/closing out shall be chargedto & borne by the client. In case of securitieslying in a client margin account / clientbeneficiary account and having corporateactions like bonus / stock split, the benefit of thesame for margin or other purpose will be given

when the shares are actually received in theStock Broker's designated depository account.

In case the payment of the margin, settlementobligation is made by the client through a bankinstrument, the Stock Broker shall be at liberty togive the benefit / credit for the same only on therealization of the funds from the said bankinstrument. Where the margin is made availableby way of securities the Stock Broker isempowered to decline its acceptance as marginand/ or to accept it at such reduced value as theStock Broker may deem fit by applying haircutsor by valuing it by marking it to market or by anyother approved method as the Stock Broker maydeem fit in its absolute discretion.

The Stock Broker has the right but not theobligation, to cancel all pending orders and tosell / close / liquidate all open positions /securities / shares at the pre-defined square offtime or when Mark to Market (M-T-M)percentage reaches or crosses stipulatedmargin percentage, whichever is earlier. TheStock Broker will have sole discretion to decidethe stipulated margin percentage dependingupon the market condition. In the event of suchsquare off, the client agrees to bear all thelosses based on actual executed prices, theclient shall also be solely liable for all and anypenalties and charges levied by theExchange(s).

6. Shortages in obligations arising out ofinternal netting of trades

The policy and procedure for settlement ofshortages in obligations arising out of internalnetting of trades is as under:

A. The short delivering client is debited by anamount equivalent to 20% above of closing rateof day prior to Pay-In/pay-Out Date. Thesecurities delivered short are purchased frommarket on T+2 day and the purchaseconsideration (Inclusive of all statutory taxes andlevies) is debited to the short delivering sellerclient along with reversal entry of provisionallyamount debited earlier.

B. If securities cannot be purchased from themarket due to any force major conditions theshort delivering seller is debited at the closingrate on T+3 day or Auction day on Exchange +10%. Where the delivery is matched partially orfully at the exchange clearing the delivery anddebits/credits shall be as per Exchange Debitsand Credits after deducting Exchange penalties.

B. In cases of securities having corporateactions all cases of short delivery of cumtransactions which cannot be auctioned on cum24

basis or where the cum basis auction payout isafter the book closure / record date, would becompulsory closed out / square off at higher of10% above the official closing price on theauction day or the highest traded price from firsttrading day of the settlement till the auction ( i.eif any corporate action trade will be square off onT+2 basis + 10% ).

7. Conditions under which a client may notbe allowed to take further position or thebroker may close the existing position of aclient.

The stock broker may refuse to execute/allowexecution of orders due to but not limited to thereason of lack of margin/securities or the orderbeing outside the limits set by stockbroker/exchange/SEBI and any other reasonswhich the stock broker may deem appropriate inthe circumstances.

A. For nonpayment or erosion of margins orother amounts, lawful outstanding debits etc.and adjust the proceeds of such liquidation/closeout, if any, against the client's liabilities/lawful obligations.

B. Any order which is executed without therequired margin in the Client's account or thebroker exposure is more than 90% and above sono fresh trade will be taken.

C. The client hereby authorizes the Stock Brokerto square up all his outstanding positionsat the discretion of the Stock broker which arenon marked for delivery 15 minutes before theclosing time of normal market or if the client'smargin is evaporated by 90% in any ofexchanges/the Stock Broker reserves the rightto square off positions by giving adequate noticeto the client.

D. Under certain market conditions it may bedifficult or impossible to liquidate a position inthe market at a reasonable price or at all whenthere are no outstanding orders either on thebuy side or sell side, or if trading is halted in asecurity due to any action on account of unusualtrading activity or stock hitting circuit filter or forany other reason as prescribed or instructed bySEBI.

E. The Stock Broker is entitled to disabled/freeze the account or trading facility/any otherservice if, in the opinion of the stock broker, theclient has committed a crime, fraud or has actedin contradiction of this client registrationdocuments or/evade/violate any loss rulesregulations directions of a lawful authority

whether Indian or foreign or if the stock brokerso apprehends.

F. Any profit_/loss arising out of this transactionsshall be at the risk of and borne by theclient.

8. Temporarily suspending or closing aclient’s account at the client’s request

The client account can be suspendedtemporarily, on receipt of specific formalcommunication from the client. During the periodthe client account is suspended, the markettransaction in the client account will beprohibited. However, at the time of making suchrequest, the client has to ensure that the tradingaccount has been duly settled (both forsecurities as well as funds). The Member shallalso settle the funds and securities due to client,if any, within such period as prescribed byexchange for settlement of account.

Such accounts shall be re-activated and anynew requests for orders to trade shall beaccepted from such clients only on receipt offormal communication from the client requestingre-activation of account in order to enable theclient to trade along with completion of allrequired formalities of KYC including up dationthereof, if necessary.

The account may be suspended on followingcondition also

On notices received from statutory,

Government or Local authorities and Income

Tax, Service Tax, a Judicial or a Quasi

Judicial authority, etc.

Where a client is reported to or known to have

expired.

The client shall be entitled to close his tradingaccount and terminate the client registrationdocuments/ relationship under the rights andobligations prescribed by SEBI which has beenentered into between the client and the StockBroker without giving any reasons to theMember.. Notwithstanding any such termination,all rights, liabilities and obligations of the clientarising out of or in respect of transactionsentered into prior to the termination shallcontinue to subsist and vest in / be binding onthe client.

At the time of making such request, the clienthas to ensure that all the open positions, if any,taken by the client are closed and the tradingaccount has been duly settled (both forsecurities as well as funds). The Member shall25

settle the funds and securities due to client, ifany, latest within a period of seven days fromthe date of closure of such account.

If the client wants to re-open the account, theclient has to complete the applicable clientregistration process including due completion ofapplicable Know Your Customer (“KYC”)requirement.

9. De-registering a client

The Member shall be entitled to close a client’strading account and terminate the Member-Client registration documents/ Relationshipunder the rights and obligations prescribed bySEBI without giving any reasons to the client,after giving formal notice in writing of not lessthan one month to the client. The account shallbe deemed to have been closed effective 30thday from the date of receipt of such terminationnotice by the client. Notwithstanding any suchtermination, all rights, liabilities and obligationsof both, the client and the Member, arising out ofor in respect of transactions entered into prior tothe termination shall continue to subsist and vestin / be binding on both, the client and theMember.

The client has to ensure that all the openpositions, if any, taken by the client are closedand the trading account has been duly settled(both for securities as well as funds). TheMember shall settle the funds and securities dueto client, if any, latest within a period of sevendays from the date of closure of such account.

The Member recommends the client not toundertake any further trading during the noticeperiod and any trades of urgent nature would beundertaken by the Member against receipt offunds and / or securities prior to execution ofsuch orders.

Notwithstanding anything to the contrary statedabove or in the Client registration documents/Rights and Obligations Document, the StockBroker shall be entitled to terminate therelationship under the rights and obligationsprescribed by SEBI / Client registration

documents with immediate effect in any of thefollowing circumstances: If the actions of the client are prima facieillegal / improper or such as to manipulate theprice of any securities or disturb the normal /proper functioning of securities or disturb thenormal / proper functioning of the market, eitheralone or in conjunction with others. If there is any commencement of a legalprocess against the client under any law in forceor the client is banned from accessing financialmarkets by any regulator or any such adverseorders is passed against the client; On the death / lunacy or other disability of theclient; If the client being a partnership firm, has anysteps taken by the client and/or its partners fordissolution of the partnership; If the client suffers any adverse materialchange in his / her / its financial position ordefaults in any other client registrationdocuments with the Stock Broker; If there is reasonable apprehension that theclient is unable to pay its debts or the client hasadmitted its inability to pay its debts as theybecome payable;

If the client is in breach of any term, conditionor covenant of the Member Client registrationdocuments/ Rights and Obligations Document;

If the client has made any materialmisrepresentation of facts or if any covenant orwarranty of the client is incorrect or untrue in anymaterial respect;

11. Treatment of inactive accounts

In case the Trading account of the client is notoperated by the client for a continuous period ofsix months the same will be considered to be ‘Inactive Account’ . Such Inactive account maybe reactivated for trading on receipt ofapplication for re-activation from the client alongwith necessary supporting documents. JKSPLemployee may carry out “In person” verificationof the Inactive client and shall validate thesupporting documents submitted by the clientwith the originals.

If a receiver, administrator or liquidator hasbeen appointed or allowed to be appointed of allor any part of the undertaking of the client;

If the client has been taken or suffered tobe taken any action for its re-organization,liquidation or dissolution; and

________________________Applicant’s Signature______________________________________________Applicant’s Name 26 Date D D M M Y Y Y Y

Undertaking/Authorization-Voluntary

With respect to Member-Constituent Relationship andMandatory and Voluntary (Optional) Documents executed between us,

I/We do hereby authorize JKSPL to do the following

1. Order Placement Instructions : I understandthat you require written instructions from me for placing/ modifying / cancelling orders. However, since it is notpractical for me to give written instructions forplacing/modifying/cancelling order. Even If I havefacility to trade online through Internet and wirelesstechnology, I may have to place orders by physicallyvisiting /calling/ Emailing the Call centre / branchspecified for the said purpose by JKSPL in case ofbreakdown of internet connectivity or other similarreasons.

I hereby request you to kindly accept my verbalorders/instructions, in person or over phone and executethe same. I understand the risk associated withplacement of verbal orders and accept the same. I shallnot disown orders under the plea that the same were notplaced by me provided I am sent ECN/Physical contractnotes or trade confirmations through SMS and othermodes. I indemnify JKSPL and its employees against alllosses, damages, actions which you may suffer or face,as a consequence of adhering to and carrying out myinstructions for orders placed verbally.

2. Errors and Omissions: I understand andagree that inadvertent errors may occur, while executingorders placed by me. In such circumstances JKSPL shallmake all reasonable efforts to rectify the same andensure that the I am not put to any monetary loss. Iunderstand and agree that I shall not hold JKSPLresponsible beyond this and claim additionaldamages/loss.

I understand and agree that my request tomodify or cancel the order shall not be deemed to have

been executed unless and until the same is confirmed byJKSPL

3. No Market Manipulation I undertake not toexecute transactions, either singly or in concert withother clients, which may be viewed as manipulativetrades viz. artificially raising, depressing or maintainingthe price, creation of artificial volume, synchronizedtrades, cross trades, self trades, etc or which could betermed as manipulative or fraudulent trades by SEBI/Exchanges. In case I am found to be indulging in suchactivities, JKSPL has every right to inform theExchange/SEBI/other regulatory authority of the sameand suspend/close my trading account.

4. Not To Act As Unregistered Sub Broker : Iundertake not to act as unregistered Sub-broker and dealonly for myself and not on behalf of other clients In caseI wish to deal for other clients also, I undertake to applyto SEBI through JKSPL to obtain a sub brokerregistration.

In case JKSPL perceives that I am acting as anunregistered sub broker, JKSPL has the right toimmediately suspend my trading account and close allopen positions and adjust the credits (across allsegments) against the dues owed by me to JKSPLwithout the requirement of any notice from JKSPL.Further, JKSPL has the right to inform the concernedregulatory authorities about the same.

In aforesaid eventuality, I agree and undertake toindemnify JKSPL from any loss/ damage/claim arisingout of such activity.

5. Not Debarred By Any Regulator : Iconfirm and declare that there is no bar on me imposedby any Exchange or any Regulatory and/or Statutoryauthority to deal in securities directly or indirectly. Iagree to inform JKSPL, in writing, of any regulatoryaction taken by any Exchange or Regulatory/Statutoryauthority on me in future. In case I fail to inform thesame and JKSPL on its own comes to know of suchaction, JKSPL has the right to suspend/close my tradingaccount and refuse to deal with me.

Also, JKSPL can at its sole discretion, close allthe open positions and liquidate collaterals to the extentof debit balances, without giving any notice to me.

6. PMLA Declaration : I declare that I haveread and understood the contents and the provisions ofthe PMLA Act, 2002, which were also explained to meby JKSPL officials. I further declare that I shall adhereto all the provisions of PMLA Act, 2002.I further undertake and confirm that

a. I do not have any links with any knowncriminals

b. I am a genuine person and not involved orindulge knowingly or assisted, directly or indirectly, inany process or activity connected with the proceeds ofcrime nor I am a party to it. The investment money isderived from proper means and does not involve anyblack or Hawala money in any manner.

7. Indemnification : I hereby indemnify andhold JKSPL, its Directors and employees harmless from

27

and against all claims, demands, actions, proceedings,losses, damages, liabilities, charges and/or expenses thatare occasioned or may be occasioned to the JKSPLdirectly or indirectly, relating to bad delivery of shares/securities and/or third party delivery, whether authorizedor unauthorized and fake/forged/stolen shares/securities/transfer documents introduced or that may beintroduced by or through me during the course of mydealings/operations on the Exchange(s) and/ or proof ofaddress, identity and other supporting documentsprovided by me at the time of registration and/ orsubsequently.

8. Not a Member Or Sub Broker Of aRecognized Stock Exchange : I further undertake thatwhenever I purchase/sell any securities through mydepository account, I will report such transactions on adaily basis to dealing branch/ authorized Dealer. I alsostate and undertake that I have complied and shallcontinue to comply with all the FEMA regulations fromtime to time.

I undertake and confirm that I am not a Memberor sub-broker or employee or Authorized person of aMember of the National Stock Exchange of India Ltd. orThe Bombay Stock Exchange Ltd. or any otherrecognized Stock Exchange and in the event ofbecoming Member or sub-broker or employee orAuthorized person of a Member of a recognized StockExchange(s) in future, I shall not execute trades throughJKSPL.

Applicant’s Signature

Applicant’s Name Date D D M M Y Y Y Y

28

Mutual Fund Service System Facility

To ____________________________________________________________ DateD

Y Y Y

Sir/Madam

Subject : Mutual Fund Service System (MFSS) Facility

I/We _________________________________________ desirous of being registered as your client forthe purpose of participating in the MFSS.

I/We am/are interested in availing the MFSS facility of the Exchange for the purpose of dealing in theunits of Mutual Funds Schemes permitted to be dealt with on the MFSS Exchange.

I/We am/are willing to abide by the operating guidelines at terms and conditions specified by theExchange from time to time in this regard including the terms and conditions specified by the Exchangewith respect to MFSS since 2009. I/We shall also comply with all the Know Your Client (KYC) and AntiMoney Laundering (AML) requirements as may be specified by the Exchange.

I/We shall ensure also compliance with the requirements as may be specified from time to time bySecurities and Exchange Board of India and Association of Mutual Funds of India (AMFI).

I/We shall read and understand the contents of the Scheme Information Document and Key InformationMemorandum, addenda issued regarding each Mutual Fund Scheme with respect to which I/We chooseto subscribe/redeem. I/We further agree to abide by the terms and conditions, rules and regulations of theMutual Fund Schemes.

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

Thanking you,

Signature of the Applicant

DateD D M M Y Y Y Y

Yours faithfully,

29

1. Pre-requisites for becoming Investor/Client forthe New MFSS facility

1.1. The client who is desirous of investing in

units of mutual fund schemes through the New MFSS.

1.2. The Client intends to execute hisinstruction for the subscription /redemption of unitsof Mutual Fund Schemes throughthe Participant of the New MFSS.

1.3. The client has satisfied itself of thecapacity of the Participant to deal in Mutual Fundunits and wishes to execute its instruction throughthe Participant and the client shall from time to timecontinue to satisfy itself of such capability of theParticipant before executing transacting throughthe Participant.

1.4. The Client has approached to theParticipant with the application for availing the NewMFSS facility.

1.5. The client has submitted relevant KYC(Know Your Client) details to theParticipants

2.Tenms and Conditions2.1. The client shall be bound by circulars

issued by NSEIL from time to time including theCirculars issued by NSEIL since 2009 onwardsand circulars issued thereafter and circulars issuedthere under by SEBI and relevant notifications ofGovernment authorities as may be in force fromtime to time.

2.2. The client shall notify the Participant inwriting if there is any change in the information in the'client registration form' provided by the client to the

Participant at the time registering as a client forparticipating in the New MFSS or at any timethereafter.

2.3.The client shall submit to the Participanta completed application form in the mannerprescribed format for the purpose of placing aorder with the Participant.

2.4. The client has read and understood therisks involved in investing in Mutual Fund Schemes.

2.5.The client shall be wholly responsiblefor all his investment decisions and instruction.

2.6. The client shall ensure continuouscompliance with the requirements of NSEIL, SEBIand AMFl.

2.7. The Client shall pay to the Participant fees

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 Participant renders to the

Client.2.8. The client will furnish information to the

Participant in writing, if any winding up petition or

insolvency petition has been led 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 led against him.

2.9. In the event of non-performance of theobligation by the Participant, the client is not entitledto claim any compensation either from the InvestorProtection Fund or from any fund of NSEIL orNSCCL.

2.10. In case of any dispute between theParticipants and the investors arising out of theMFSS facility, NSEIL and/or NSCCL agrees toextend the necessary support for the speedyredressal of the disputes.

I have read & understood the above and Iagree toabide by the same.

Name &Signature of the Applicant

Date D D M M Y Y Y Y

30

VOLUNTARY

DATE:

Running Account Authorisation Form

Name: ________________________________________________________

Address: _______________________________________________________________________________________________________________

Client Code: _______________________

To,

JK Securities Private LimitedOpp. Peoples Bank Park,Sardargunj Road, Anand-388001.

Dear Sir,

I/We are dealing through you as a client in Capital Market, Future & Option and/or currency derivative segment in orderto facilitate ease of operations and up front requirement of margin for trade under the aforesaid client code. I/We wouldlike to authorize JK Securities Private limited (further referred to as “JKSPL”) to settle my accounts of funds andsecurities and accordance to the updated guidelines in force given from SEBI (Ref. Circular: NSE/INSP/24849 dated29

thOctober 2013 and Circular Ref no 1552 dated 30

thOctober 2013,BSE Notice No.20091204-7 dated 4

thDecember

2009 and 20100203-30 3rd

February 2010). I have read and understood the same. In this regard. I/we confirm thefollowing:

1. I/We hereby authorize JKSPL to settle across segments and across stock exchanges.

2. In respect of Derivatives Market, I/we authorize JKSPL to retain Additional margin requirement of maximum up to125% of margin requirement on the day of settlement to take care of any margin obligation arising in next five days.

3. I/We also acknowledge and confirm that JKSPL to settle my fund and securities account once in every

Calendar Quarter or once in a Calendar Month ( strike off whichever is not applicable)Or such other higher period as allowed by SEBI/stock Exchange from time to time except the funds given towards

collaterals/margin in form of bank Guarantee and/or Fixed Deposit Receipt.

4. I/We request you to retain securities with you for my/our margin/pay-in/other-future obligation(s) at any segment(s)of any or all the Exchange(s)/Clearing Corporation, unless I/We instruct you to transfer the same to my/our account.

5. I/We confirm you that I will bring to your notice any dispute arising from the statement of account or settlement somade in writing within seven working days from the date of receipt of funds/securities or statement of account orstatement related to it, as the case may be at your registered office.

6. In case, I/We have an outstanding obligation on the settlement date towards any/all the segment, exchange; youmay retain the requisite securities, fund towards such obligation and may also retain the funds expected to be requiredto meet necessary margin obligation.

7. I /We confirm you that I can revoke the above mentioned authority anytime in writing to you.

8. By considering the administrative /operational difficulties in settling the account for regular trading clients, I request

you to kindly retain an amount of up to Rs 10000/- while settling the account.

Yours faithfully,

_________________________ _______________________

Signature of the Applicant Name of the Applicant

Ref. Circular: NSE/INSP/24849 dated 29th

October 2013 and Circular Ref no 1552 dated30

thOctober 2013 Ref. No: MCX_SX/INSP/1552/2013 dated 30

thOctober 2013

31

AUTHORIZATION LETTER FOR ELECTRONIC COMMUNICATION

Dt:

Name:_______________________________Address:______________________________

________________________________Client Id:_______________________________

To,M/S JK Securities Private LimitedOPP.People’s Bank Park, Sardar Gunj , Anand

Dear Sir,

Sub: Mandate to issue contracts in electronic/digital format

I hereby opt for receipt of contract notes in electronic/digital format as well as all other communications including butnot limited to account statement, holding statement, trade order confirmations and any other notices also inelectronically.For the above purpose please take my following e-mail id on your record for sending the contract notes and othercommunication to me

E-mail id:

I agree that non receipt of bounced mail notification by you shall amount to delivery at my email id. I further agree toindemnify you and keep you indemnified against all losses, damages and actions which you may suffer of face as aconsequence of adhering to and carrying out my direction given above.

I hereby accept to the terms and conditions as mentioned herein below

1. The digital contract notes will be issued in digital form in compliance with the guidelines issued by

SEBI/Exchange from time to time

2. Digital contract notes will be mailed to the E-mail address provided to us in the format as my be prescribed

by the exchange from time to time.

3. Digital contract notes will also be available at URL www.jksecurities.com

4. Client can view the Digital contract notes on URL by using the user name & password

5. In case of any failure in system or errors in digital contract notes, contract notes will be issued in physical

form which shall be binding on the client.

I hereby undertake to check the contract notes and bring discrepancies to your notice preferably within 24 hours ofreceipt of such contract notes. My non verification or not accessing the contract notes on regular basis shall not bereason for disputing the contract notes any time.

Thanking you

Yours faithfully

_________________________Name & Signature of Client

32

FOR OFFICE USE ONLYChecklist of Documents Received for Opening the Account

Particulars Remarks Particulars Remarks

Signed all places Electricity Bill

Witnessed properly Telephone Bill

Stamped properly DP Con rmation Letter

Reference given UID Number

In-Person Veri cation Authority Letter

Enclosures Remarks Passport size Photograph

PAN Card Declaration

Driving License email ID for Contact

Ration Card Other : _______________

Passport Limit : _______________

Bank Pass Book

Name

Seal/Stamp of the Stock Broker Signature (Authorised Signatory)

DateD D M M Y Y Y Y

JK Securities Private Limited IL &FS Securities Services Limited

Opp. People’s Bank Park,Sardargunj Road,Anand 388 001T : +91 2692 258056/57F : +91 2692 240383

SEBI Regn. No. INB230823938

SEBI Regn. No. INF230823938

SEBI Regn. No. INE230823938

SEBI Regn. No. INB260823936

SEBI Regn. No. INF260823936

(Clearing member for NSE_CDS)

IL & FS House, Raheja Vihar,Chandivali, Andheri (East)Mumbai 400 072T : +91 22 28570965F : +91 22 28570983

NSE Cash SEBI Regn. No. INE231308334 NSE CDS

NSE F&O (Clearing Member for NSE Currency Derivatives Segment)

NSE CDS SEBI Regn. No. INF261476735 MSEI F&O

MSEI Cash

MSEI F&O

33

JK SECURITIES PRIVATE LIMITED

Opp. People’s Bank Park, Sardar Gunj Road, Anand– 388 001

Acknowledgement Slip:

I, the undersigned___________________________________________________

(Client ID No :_____________) hereby acknowledge the receipt of Welcome Kit on

date _____________ provided by _______________________(Name of Relationship

Manager)

Name of the Client : ___________________________________________

Signature of Client : ___________________________________________

Date: __________________