individual account app. no. : opening form€¦ · individual account opening form ... importance...

INDIVIDUAL ACCOUNT OPENING FORM

CLIENT REGISTRATION APPLICATION FORM

Pune Office: C-8/9, Dr. Herekar Park, Near Kamala Nehru Park,

Off. Bhandarkar Road, Pune - 411 004.Tel.: 91-20-2567 1404/06; Fax: 91-20-25671405

Email id: operations @ kslindia.com

Registered Office Address :

Vikas Building, Ground Floor, Green Street, Fort, Mumbai - 400 023.

Tel.: 91-22-4076 7373 Fax : 91-22-4076 7377E-mail : [email protected]

[email protected] : www.kslindia.com

Branch Office Address

Client Code :

Client Name :

DP ID :

Branch Code :

Sub-broker AP Code :

Introducer Code :

Service RM :

12081000

Facility

Trading & Demat A/c

E-Broking

RTGS

ECN

POA

MF

Option

Yes No

Yes

Yes

Yes

Yes

Yes

No

No

No

No

No

App. No. :

Khandwala Securities LimitedRegistered and Correspondance Office Address

Vikas Building, Ground Floor, Green Street, Fort, Mumbai 400 023.Tel : 022 4076 7373 Fax: 022 4076 7377

Exchange Segments SEBI Registration No. Date of Enablement TM CodeNSE Capital Market INB230600030 03 November 1994 06000

NSE Future and Options INF230600030 12 June 2001 M50080NSE Currency Derivatives INE230600030 09 April 2009 06000

NSE Debt INB230600030 13 May 2013 06000BSE Capital INB010600030 14 December 2006 3165

BSE Derivatives INF010600030 10 March 2014 3165BSE Currency Derivatives Exch.Regn. 07 February 2014 3165

NSE Wholesale debt Market INB230600030 30 June 1994 06000

Depository Participant SEBI Registration No. DP ID Date of EnablementCentral Depository Services Ltd IN-DP-55-2015 12081000 24 March 2015

AMFI Member Regn No. ARN-1673 Khandwala Securities Ltd.

Compliance Officer Name Email ID Contact No.

Abhishek Joshi [email protected] 022 4076 7373

CEO Name Email ID Contact No.

Paresh J Khandwala [email protected] 022 4076 7373

For any grievance/dispute please contact stock broker (Khandwala Securities Limited) at the above address or email id : [email protected] and Phone no. 91-22-40767373. In case not satisfied with the response, please contact the concerned exchange(s) NSE at [email protected] and Phone no. 91-22-26598190 / 1800220058, BSE [email protected] and Phone no.91-22-22728097, as applicable.

GUIDE AND CAUTIONARY NOTES WHILE APPLING FOR OPENING TRADING ACCOUNT:

Many thanks for your interest in opening an account with Khandwala Securities Limited. Please note following important points before proceeding to sign the account opening document :

1. Please read all the Rights and Obligations and other documents carefully before signing. Importance of each document is given in index page itself.

2. Kindly fill all the details in your own handwriting only and strike out all blank spaces which are not applicable.

3. Please go through Risk Disclosure Document, Do's and Don'ts carefully. They are for your own benefit. 4. Kindly note that investment decision has to be made by the client and Khandwala Securities Limited (KSL) will

not be responsible for any loss arising due to trades carried out by you/consented by you. You are requested to seek independent professional advice before investing.

5. KSL research recommendation is general in nature and does not consider suitability, risk appetite or investment objective of any particular investor on case to case basis. Further, there is no guarantee or assurance about achieving of target of any research recommendation.

6. Please ensure that you provide your mobile number and email id. This will help us in sending you all important communication including your trades details, margin details etc.

7. Minor is not permitted to open Trading account.

KHANDWALA SECURITIES LIMITED Vikas Building, Ground Floor, Green Street, Fort, Mumbai 400023

INDEX OF DOCUMENTS Sr. No. Name of the Documents Brief Significance of the Document Page No.

MANDATORY DOCUMENTS AS PRESCRIBED BY SEBI & EXCHANGES

1. Individual Account Opening Form

PART A: Know your client (KYC) Application Form. PART B: Trading Account Related Details. PART C: Demat Account opening Form. PART D: Common Nomination Form for Trading & Demat.

2.

Tariff Sheet

Schedule Of Charge For Trading Account (NSE / BSE).

Schedule Of Charge For Depository Services (CDSL).

3.

Option form for issue DIS Booklet

6.

KSL-Policies and Procedures

Documents describing significant policies and procedures of Khandwala Securities Ltd.

7.

Rights and Obligations

Documents starting the Rights & Obligations of stock broker /trading member, sub -broker/Authorised Person and client for trading on exchange (including additional rights & obligations in case of internet / wireless technology based trading).

SEPA

RATE

CO

PY F

OR

CLIE

NT

8.

Risk Disclosure Document (RDD)

Documents detailing risks associated with dealing in the securities market.

9.

Guidance Note

Documents detailing dos and donts for trading on exchange, for the education of the investors.

10.

Rights and Obligations of Beneficial Owners & Depository Participants.

Documents Starting the Rights and Obligations of Beneficial Owners & Depository Participants.

11.

Demat Account Dos and Donts

12.

SMS Alert Facility (Annexure -2.4)

SMS Alert Facility refers

to Terms & Conditions given as (Annexure -2.4).

13.

Transactions using Secured Texting Facility (TRUST) (Annexure 2.6)

Transactions using Secured Texting Facility (TRUST) refer to Terms & Conditions

(Annexure 2.6).

14.

Mutual Fund Transaction Facilities

VOLUNTARY DOCUMENTS AS PROVIDED BY THE STOCK BROKER

15.

Declaration on Mobile Number / Email Id

Declaration from client for updation of Mobile Number / Email Id

16.

Information required pursuant to PMLA,2002

Details of client with respect to PMLA

17.

Voluntary Terms & Conditions

Additional

terms & conditions specific to clients for the purpose of operational efficiency.

18.

Running Account Authorization

Authorization to maintain a running account.

19.

Consent To Receive Electronic Statements.

Mandate of issuance of statement in electronic form.

20.

Consent to receive Transaction Statements on email-DP

Documents receiving DP related documents/Statements on e-mail-DP

21.

Power of Attorney for the purpose of Settlement / Margin obligation

POA Provided by BO to KSL for Settlement / Margin purpose

22.

Undertaking for Non-Resident Customers

Declaration cum Undertaking by Non- resident Customer for KSL.

23.

Mutual Fund Service System

Facility / BSE Star MF

24.

Risk Categorisation Form

Risk Categorisation Matrix

To Be Filled By Sales Executive Sourcing The Account.

25. Draft Formats

Bankers Verification LetterSelf Declarations

4. FEMA Declaration

Option form for issue DIS Booklet

Demat Account Dos and Donts

Mutual Fund Service System

Facility / BSE Star MF

FEMA DECLARATION [In case of NRI(s) / Foreign National(s)]

5. FACTA Confirmation Under The Foreign Account Tax Compliance Act (FACTA) For Determining Us Person Status

KHANDWALA SECURITIES LIMITED Vikas Building, Ground Floor, Green Street, Fort, Mumbai 400023

INDEX OF DOCUMENTS Sr. No. Name of the Documents Brief Significance of the Document Page No.

MANDATORY DOCUMENTS AS PRESCRIBED BY SEBI & EXCHANGES

1. Individual Account Opening Form

PART A: Know your client (KYC) Application Form. 01-06 PART B: Trading Account Related Details. 07-09 PART C: Demat Account opening Form. 10-12 PART D: Common Nomination Form for Trading & Demat.

13-13

2. For Internal Use For Internal Use only 14-16

3. Tariff Sheet Schedule Of Charge For Trading Account (NSE / BSE). 17-17 Schedule Of Charge For Depository Services (CDSL). 18-18

4. Option form for issue DIS Booklet Option form for issue DIS Booklet 19-19

5. FEMA Declaration FEMA Declaration (in case of NRI (s)/Foreign National(s) 20-20

6. FACTA Confirmation Under the Foreign Account Tax compliance Act (FACTA) for Determining Person Status 21-21

7. KSL-Policies and Procedures Documents describing significant policies and procedures of Khandwala Securities Ltd. 22-26

8. Rights and Obligations

Documents starting the Rights & Obligations of stock broker /trading member, sub -broker/Authorised Person and client for trading on exchange (including additional rights & obligations in case of internet / wireless technology based trading).

27-45

9. Risk Disclosure Document (RDD) Documents detailing risks associated with dealing in the securities market.

10. Guidance Note Documents detailing do’s and don’ts for trading on exchange, for the education of the investors.

11. Rights and Obligations of Beneficial Owners & Depository Participants.

Documents Starting the Rights and Obligations of Beneficial Owners & Depository Participants.

12. Demat Account Do’s and Don’ts Demat Account Do’s and Don’ts

13. SMS Alert Facility (Annexure -2.4) SMS Alert Facility refers to Terms & Conditions given as (Annexure -2.4).

14. Transactions using Secured Texting Facility (TRUST) (Annexure 2.6)

Transactions using Secured Texting Facility (TRUST) refer to Terms & Conditions (Annexure 2.6) .

15. Mutual Fund Transaction Facilities Mutual Fund Transaction Facilities

VOLUNTARY DOCUMENTS AS PROVIDED BY THE STOCK BROKER

16. Running Account Authorization Authorization to Maintain a Running account. 46-46

17. Consent to receive Transaction Statements on email-DP

Documents receiving DP related documents/Statements on e-mail-DP. 47-47

18. Power of Attorney for the purpose of Settlement / Margin obligation

POA Provided by BO to KSL for Settlement / Margin purpose. 48-49

19. Voluntary Terms & Conditions Additional terms & conditions specific to clients for the purpose of operational efficiency. 50-56

20. Declaration on Mobile Number / Email Id Declaration from client for updation of Mobile Number / Email Id. 57-57

21. Information required pursuant to PMLA,2002 Details of client with respect to PMLA. 58-58

22. Consent To Receive Electronic Statements. Mandate of issuance of statement in electronic form. 59-59

23. Undertaking for Non-Resident Customers Declaration cum Undertaking by Non - resident Customer for KSL. 60-60

24. Draft Formats –If Applicable Bankers Verification Letter. 61-61 Self Declarations. 62-62

SEPA

RATE

COP

Y FO

R CL

IENT

25. Risk Categorisation Form

Risk Categorisation Matrix To Be Filled By Sales Executive Sourcing The Account. 63-64

26. Mutual Fund Service System Facility / BSE Star MF

Mutual Fund Service System Facility / BSE Star MF65-65

27. Check List Document Checklist for Trading and demat Account opening

66-68

KHANDWALA SECURITIES LIMITED1400600030

First Holder

PART A

01


Second Holder

PART A

03


Third Holder

PART A

05

*Kindly note that if you wish to trade in F&O/CDS providing e-mail ID is mandatory.

Trading PreferencePlease sign in the relevant boxes where you wish to trade. The segment not choosen should be struck off by the client. If, in future, the client wants to trade on any new segment / new exchange, separate authorization / letter should be taken from the client by the stock broker.

D D M M Y Y Y Y

Ensureproof isprovidedfor allDPs

BANK ACCOUNT DETAILS

* Plese map the bank account to be openedvide aforesaid Application No. to this Trading Account

Application No.*

Account No.

Saving Current NRE NRO Others

Single Joint

Pin Code

MICR No IFSC Code

1. 2.

Account TypeNature of Account

Bank NameBranch Address

Joint Account Holders (if any)

PINS BANK ACCOUNT DETAILS

Account Number

Customer Relationship No.

Bank Name

Branch Address

(for NRI)

MICR No IFSC CodePin Code

RBI Approval Date:

Beneficiary ID/Application No.** Please map the DP account to be opened vide aforesaid Application No. to this Trading Account (Application No. is accepted only if theDemat A/c details are provided.

NSDL CDSL DP ID

DP ID Client ID DP Name Depository Name

RBI Reference No.DEPOSITORY

ACCOUNT DETAILS(through which transactions will be routed)

Depository Participant NameDepository NameBeneficiary Name

Additional DP details(For more, provide details on a separate

sheet in the format given above)

PL Chq leaf

Chq leaf withpass-bookcopy

TickA.

B.

C.

III. OTHER DETAILS

Gross Annual Income Details (please specify):

Income Range per month

Networth

Occupation(please tick any one and give

brief details)

Please tick, if applicable

Any other information

Below `1 lac ` 1-5 lac ` 5-10 lac ` 10-25 lac More than ` 25 lac

OR

Amount (`) D D M M Y Y Y YAs on (date)

(Networth should not be older than 1 year)

Private Sector Public Sector Government Service

Professional Agriculturist Retired

Forex Dealer Others

Housewife

Business

Student

Brief Details

Politically Exposed Person* (PEP) Related to a Politically Exposed Person* (PEP)

NSE BSE

CASH

F&O*

CDS*

DS

CASH

F&O*

CDS*

(PART B) TRADING ACCOUNT RELATED DETAILS

07

1 2 0 8 1 0 0 0

Khandwala Securities Ltd.

1 2 0 8 1 0 0 0

WDM

STAR MF

X

X

X

X

X

X

X

X

X

Past Actions

Details of any action/proceedings initiated/pending/taken by SEBI/Stock exchange/any other authority against theapplicant/constituent in charge of dealing in securities.

During the last three years Yes No If yes, please provide details

C C S T D C C S T D

If Client dealing through a Sub Broker provide the following details:Name of Sub - BrokerSEBI Registration NumberRegistered Office AddressPhone Fax Website

Whether dealing with any other stock broker / sub - broker (in case dealing with multiple stockbrokers / sub-brokers provide details of all)

Name of Stock Broker Name of Sub-Broker (if any):Client code with such member: Name of Exchange:

Details of disputes / dues pending from / to above mentioned stock brokers / sub-broker Yes NoIf yes please provide details

Whether you wish to receive Physical contract Note Electronic Contract Note

Specify your E-mail ID SAME AS MENTIONED ON PART A

The mobile number and E-mail id mentioned on PART A belong toSelf

Spouse

Dependant Children

Dependant Parents

Name of the relative

PAN No. of relative

Dealings through Sub- Broker and other Stock Brokers

D.

E.

F.

Introducer Self Introduced Introduced by others (If introduced by others please fill up below details)

Name

Address

Telephone No. of Introducer

Status of Introducer

Surname Name Middle Name

Sub broker/Remisier/Authorised Person/Existing client / Others, Please specify

Introducer's Signature

INFORMATION ABOUT INVESTMENT EXPERIENCE

Investment and Trading

Experience and Preferences

No prior experience

No. of Years in Derivatives

No. of Years in Stock

No. of Years in any other investment

Details of IntroducerG.

08

DISCLOSURE AND NOTING OF MEMBER'S PRO ACCOUNT TRADING

I/We confirm that I/we have made note that Khandwala Securities Limited trades in its OWN/ PRO account in National Stock Exchange of India Limited (NSE) and Bombay Stock Exchange Limited (BSE).

DECLARATION

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

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

3. I/We further confirm having received, read and understood the contents of the 'Rights and Obligations' Documents 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 : ____________________

Date : _____________________

Educational Qualifications Non GraduateProfessionally Qualified

GraduateOther

Post Graduate

Nature of Business

Name of Employer(If Employed)

Name of Establishment(If self employed/business/

professional/others)

Office Address

City Pin

H.

xName of Applicant & Signature

09

Guardian's Name PAN

Relationship with theapplicant

(PART C) DEMAT ACCOUNT OPENING FORM

(To be filled by the Depository Participant)

Application No. Date

DP Internal Reference No.

DP ID Client ID

(To be filled by the applicant in BLOCK LETTERS in English)

I/We request you to open a demat account in my/ our name as per following details:-

Holders Details

Sole / First Holder's Name

PAN

UID

PAN

UID

PAN

UID

D D M M Y Y Y Y

Second Holder'sName

Third Holder'sName

Name *

* In case of Firms, Association of Persons (AOP), Partnership Firm, Unregistered Trust, etc., although the account is opened in the name of the natural persons, the name of the Firm, Association of Persons (AOP), Partnership Firm, Unregistered Trust, etc., should be mentioned above.

Type of Account (Please tick whichever is applicable)

Status Sub - Status

Individual Individual Resident Individual-Director

Individual Director's Relative Minor

Individual Promoter Others(specify) _____________

Individual Margin Trading A/C

NRI

Foreign National

NRI Repatriable NRI Non-Repatriable

NRI Repatriable Promoter NRI Non-Repatriable Promoter

NRI Depository Receipts Others (specify) ________________

Foreign National Foreign National - Depository Receipts

Others (specify)_______________________

Details of Guardian (in case the account holder is minor)

1 2 0 8 1 0 0 0

10

I / We instruct the DP to receive each and every credit in my / our account (If not marked, the default option would be 'Yes')

I / We would like to instruct the DP to accept all the pledge instructions in my /our account without any other further instruction from my / our end (If not marked, the default option would be 'No')

[Automatic Credit]

Yes No

Account Statement Requirement As per SEBI Regulation Daily Weekly Fortnightly Monthly

Yes No

I / We request you to send Electronic Transaction-cum-Holding Statement at the email ID _____________________________________________________ Yes No

Yes NoI / We would like to share the email ID with the RTA

I / We would like to receive the Annual Report Physical / Electronic / Both Physical and Electronic (Tick the applicable box. If not marked the default option would be in Physical)

I/ We wish to receive dividend / interest directly in to my bank account as given below through ECS (If not marked, the default option would be 'Yes') [ECS is mandatory for locations notified by SEBI from time to time ]

Yes No

Gross Annual Income Details

Income Range per annum: Up to Rs.1,00,000 Rs 1,00,000 to Rs 5,00,000 Rs 5,00,000 to ` 10,00,000 Rs 10,00,000 to Rs 25,00,000 More than Rs 25,00,000

Net worth as on (Date) D D M M Y Y Y Y Rs

[Net worth should not be older than 1 year]

Occupation Private / Public Sector Govt. Service Business Professional Agriculture

Retired Housewife Student Others (Specify) __________________

Please tick , if applicable:

Any other information:

Politically Exposed Person (PEP) Related to Politically Exposed Person (RPEP)

Other Details - First Holder





Net worth as on (Date)

Net worth as on (Date)

D D M M Y Y Y Y

D D M M Y Y Y Y

Rs

Rs



Occupation

Occupation

Private / Public Sector Govt. Service Business Professional Agriculture


Private / Public Sector Govt. Service Business Professional Agriculture








Other Details - Second Holder

Third Holder

11

To register for easi, please visit the website www.cdslindia.com.Easi allows a Beneficial Owner (BO) to view his ISIN balances, transactions and value of the portfolio online.

Easi

I / We have received and read the Rights and Obligations document and terms & conditions and

agree to abide by and be bound by the same and by the Bye Laws as are in force from time to time. I / We

declare that the particulars given by me/us above are true and to the best of my/our knowledge as on

the date of making this application. I/We agree and undertake to intimate the DP any change(s) in the

details/particulars mentioned by me/us in this form. I/We further agree that any false/misleading

information given by me/us or suppression of any material information will render my account liable for

termination and suitable action.

First/Sole Holder or Guardian (in case of Minor)

Second Holder

Name

Signatures

Third Holder

(Signatures should be preferably in black ink).

SMS Alert Facility Refer to

Terms & Conditions given as Annexure - 2.4

MOBILE NO. +91 [Mandatory, if you are giving Power of Attorney (POA)](if POA is not granted & you do not wish to avail of this facility, cancel this option).

I wish to avail the TRUST facility using the Mobile number registered for SMS Alert

Facility. I have read and understood the Terms and Conditions prescribed by

CDSL for the same.

Yes

No

I/We wish to register the following clearing member IDs under my/our below

mentioned BO ID registered for TRUST

Stock Exchange Name/ID

Clearing MemberName

Clearing Member ID (Optional)

Transactions Using

Secured Texting Facility

(TRUST). Refer to

Terms and Conditions

Annexure 2.6

12

As the nominee is a minor as on date, to receive the securities in this account on behalf of the nominee in the event of the death of the Sole holder / all Joint holders, I/we appoint following person to act as Guardian:

Full Name of Guardian of the Nominee

Address

City

Country

Telephone No.

E-mail ID

Relationship of Guardian with Nominee

State

PIN code

Fax No.

UID

This nomination shall supersede any prior nomination made by me / us and also any testamentary document executed by me / us.

Note: Two witnesses shall attest signature(s) / thumb impression(s)

Details of the Witness

Name of witness

First Witness Second Witness

Address of witness

Signature of witness


Second Holder

Name

Signatures

Third Holder

(Signatures should be preferably in black ink).

(PART D) Common Nomination Form For Trading & Demat AccountNomination Registration No. Dated

I/We the Sole holder / Joint holders / Guardian (in case of minor) hereby declare that :I/We do not wish to nominate any one for this demat account.

I/We nominate the following person who is entitled to receive security balances lying in my/our account, particulars whereof are given below, in the event of my / our death.

Full Name of the Nominee

Address

City

Country

Telephone No.

PAN

E-mail ID

Relationship with BO/Applicant (If any)

Date of birth (mandatory If nominee is a minor)

State

PIN code

Fax No.

UID

D D M M Y Y Y Y

Trading Demat

Trading Demat

13

(choose any one)

(choose any one)

FOR OFFICE USE ONLY

UCC Code allotted to the Client: ____________________________________ Client Id ________________

I/We undertake that we have made the client aware of polices and procedure, tariff sheet and all the non mandatory documents. I/We have also made the client aware of Rights and Obligation documents, RDD and Guidance Note. I/We have given /sent him a copy of all the KYC documents . I/We undertake any change in policies and procedures, tariff sheet and all non-mandatory documents would be duly intimated to the client. I/We also undertake that any change in the Rights and Obligation and RDD would be made available on my /our website, if any, for that information of the clients.

Date D D M M Y Y Y Y

Authorised Signatory Seal / Stamp of the Sub-broker

14

FOR INTERNAL USE ONLYTo be filled up by Relationship Managers and Back Office Staff

Passport Passport No. Place of issue Date of issue Date of ExpiryFirst HolderSecond HolderThird HolderDriving Licence Driving Licence No. Place of issue Date of issue Date of ExpiryFirst HolderSecond HolderThird HolderVoter ID Voter ID No. Place of issue Date of issueFirst HolderSecond HolderThird HolderRation Card Ration Card No. Place of issue Date of issueFirst HolderSecond HolderThird HolderBank passbook / statement Bank Name Account No.First HolderSecond HolderThird HolderRent Agreement Owner Name Date of ExpiryFirst HolderSecond HolderThird HolderTelephone Bill Bill No. Bill DateFirst HolderSecond HolderThird HolderElectricity Bill Bill No. Bill DateFirst HolderSecond HolderThird HolderMargin / Account opening fee cheque details A/c Processing Cheque Recover from Margin ApprovalBank name Cheque No. Account No.Margin Amt App Fee Total AmountDrawn bank city name Cheque Date MicrDp Rate Code Interest Rate Brokerage Product Code

Approver Name For A/c Opening / Margin Fee

Approver Name For Interest Rate

Approver Name For Demat A/c Opening

Approver Name For Brokerage

15

FOR INTERNAL USE ONLYTo be filled up by Relationship managers and back Office staff

Handover to KYC Desk

Branch Name

Sourcing person Name

Authorized Person

DSA

Sub-Broker

Branch RM

Sales Executive Name

Sales Executive Employee Code

Telemarketing Name

Team Leader Name

Dealer Name

Dealer Code

Relationship Manager Name

Relationship Manager Employee Code

Relationship Manager /Sub-broker/AP/IFA Email ID

Relationship Manager /Sub-broker/AP/IFA Signature

Branch / Sub-broker /AP/DSA location Code

Lead ID No.

Trading Code

Trading Code date

Maker Name/ Sign

Checker's name /Sign

____________________________________________

____________________________________________

____________________________________________

____________________________________________

____________________________________________

____________________________________________

____________________________________________

____________________________________________

____________________________________________

____________________________________________

____________________________________________

____________________________________________

____________________________________________

____________________________________________

____________________________________________

____________________________________________

____________________________________________

____________________________________________

____________________________________________

____________________________________________

____________________________________________

____________________________________________

____________________________________________

16

D D M M Y Y Y Y

D D M M Y Y Y Y

SCHEDULE OF CHARGES FOR TRADING ACCOUNT (NSE / BSE)Account Processing fee: Rs. ___________________Margin: Rs. __________________

*Minimum amount per Lot would be applicable as per the details provided in the Policy and Procedures.


Cash Segment F&O Future Currency Future F&O Option Currency Option

Min (Paise)

Max (%)

Min (Paise) Max (%) Min

(Paise) Max (%) % on Premium Min Per Lot (Rs)

% on Premium

Min Per Lot (Rs)

Trading First Leg Nifty

Trading Second Leg

Other options Delivery

Brokerage

17

Note:1. Please note that the brokerage levied to your trading

account shall be the higher of brokerage value as per the existing rates of Rs. 30 per settlement / segment, subject to the maximum rates prescribed by the regulator(s) from time to time.

2. Brokerage is normally levied on % basis of transaction value as above. However, where the rate of script / futures contract is below specified rate where specified rate is calculated as Minimum / Maximum, then Minimum Brokerage in paise would be levied on Quantity instead of % rate i.e. If value based Brokerage is 0.25% with % paise as Minimum brokerage then specified rate would be (5 / 0.25) which is Rs. 20/-. Hence 5 paise would be levied as brokerage on per share basis where share price is less than Rs. 20/-. Subject to maximum rates prescribed by the regulator(s) from time to time.

3. In case of intraday transaction in Equity segment / Stock Futures / Index futures / currency futures first leg rates as above shall be charged on the buy value or sell value depending upon whichever is higher or second leg rates shall be charged vice versa.

4. In case of option transaction (F&O Segment) a percentage of premium value as indicated above would be levied as brokerage if such value falls within the minimum and maximum value as specified above. If the percentage of premium value is below the minimum amount or beyond the maximum amount as specified above then the minimum amount or maximum amount respectively would be levied as brokerage.

5. In case of option transaction in NIFTY or in Mini Nifty (F&O segment), 0.50% of premium value would be levied as brokerage, if such value falls within the minimum and maximum value as specified herein. If the percentage of

premium value is below the minimum amount or beyond the maximum amount then the minimum brokerage amount would be Rs. 50/- Per lot in case of NIFTY and Rs. 30/- Per lot in case of Mini Nifty. Maximum amount of brokerage shall not exceed 2.5% of the premium amount or Rs. 100/- (per lot) whichever is higher.

6. In case of option transaction in currency segment a percentage of premium value as indicated above would be levied as brokerage if such value falls within the minimum and maximum value as specified herein. If the percentage of premium value is below the minimum amount or beyond the maximum amount then the minimum Brokerage amount would be Rs. 10/- Per lot and maximum amount of brokerage shall not exceed 2.5% of the premium amount or Rs. 100/- (per lot) whichever is higher.

7. Other charges:a. Account Opening, Statutory levies i.e. stamp duty, transaction

charges, SEBI fees, Investor protection fund etc. charged by the statutory authorities / Exchange(s), account access charges and handling and processing charges. It excludes securities transaction charges, service tax on transaction charges. It will be on Actuals.

b. In case of option contracts, other charges shall be charged on transaction value i.e. strike price and premium.

c. Any change in the statutory levies shall tantamount to increase in the rate of other charges; this shall be reflected in the contract notes for future trades. However, any increase in the other charges other than statutory levies will be done with advance notice of 15 days to the client.

d. In case physical option is chosen by the client then for issuance of duplicate contract notes and related statement Khandwala Securities Ltd shall levy charges of Rs. 10/- per document dispatched.

Particular AmountDuplicate / Physical Contract Notes(CN) Issued RS.10/- per CN**Duplicate Sauda Summery issued Rs.25/- for 1 month period**

Rs.50/- for 2 month period**Rs.100/- for 3 months and above**

Bounced Cheque / Stop Payment of Cheque Rs. 50/- per instance / instruments**Interest on debit balance - Standard Rate per Annum 24%

* For prevailing rates please refer back office interface.** These charges are subject to revision at the sole discretion of Khandwala Securities Ltd and shall be informed by ordinary post /

email / quarterly account statements/SMS/notification on the Back office interface.

Khandwala Securities Ltd reserves the right to levy additional charges including the following:-

Services

Schemes (Please Select)

Remarks

Life Time AMC

Investor

One time Upfront payment

INR 2,100/-

INR 500/-

Account Opening

Nil Stamp paper / KRA charges as

applicable

Annual Maintenance Charges

Free for Lifetime

INR 500/-

p.a.

Sales – Though KSL

INR 15/-

per Transaction

INR 15/-

per Transaction

Purchases Nil

Sales – Not through KSL / Off-market transfer / IDT

0.03% of the value of transaction (Min. INR 30/-)


Dematerialisation INR 5/- per certificate INR 5/- per certificate Min. INR 50/- per DRF request for postage charges plus INR 30/-per

rejection

Rematerialisation / Repurchase INR 50/- per certificate OR INR 50/- for every hundred

securities Per request

Pledge creation / Closure / Invocation


Per transaction

De-freeze

INR 25/-

Per request Stock lending and Borrowing


Per request

Charges for client master change information

INR 25/-

Per request

Notes

1. Power of Attorney (POA) charges Rs. 110 (Rs. 110/- stamp paper one Time only at time of account opening)

2. For availing 'Easiest' facility of CDSL, the charges as levied by CDSL would be collected from clients at actual.

3. In case of every Corporate Account, CDSL AMC of Rs. 500/- shall be charged extra.

4. Lifetime Scheme account will be moved to default scheme with charges of Rs. 500/- AMC per year, in case sum of Rs. 2100/- or Rs. 500/- towards the scheme is not credited within 15 days of application date.

5. Service tax, education cess and other statutory levies (if any) would be charged extra wherever applicable as per the prevailing rates.

6. In case of cancellation / withdrawal / rejection / failure of instruction Rs. 30/- per entry will be charged additional.

7. We reserve the rights to change / add charges with 30 days prior notice.

8. All payments should be in favour of “Khandwala Securities Limited".

9. Customer is required to maintain a minimum balance of Rs. 1000/- in his / her ledger account.


Second Holder

Name

Signatures

Third Holder

10. Quarterly statements of transaction may not be sent to the clients, if there is no transaction and no securities balance in the account. Charges will not be levied in such cases.

11. In accordance with the SEBI circular (Ref # SEBI Circular No. CIR/MRD/DP/22/2012 dated August 27, 2012)

steffective from 1 October 2012 all Sole or First Holders of a demat account having value of securities not exceeding Rupees Two Lakhs are eligible and have an option to avail Basic Services Demat Account (BSDA). As per the said SEBI circular, for availing BSDA facility, the individual shall have only one BSDA in his / her name across all depositories. For availing this facility a request letter in the prescribed format (available at Khandwala Securities Limited Mumbai Office) can be submitted with the account opening form. Also an existing individual client who is eligible to convert his demat account into BSDA can do by submitting the request letter in this regard. In case the BSDA account holder converts such account into Non-BSDA (regular account) account or the account holder ceases to meet the eligibility criteria for BSDA Account, the charges applicable to Non-BSDA (regular account) shall be levied

I / We have read and understood the “Schedule of Charges” prescribed above and agree to abide by the same.

18

SCHEDULE OF CHARGES FOR DEPOSITORY SERVICES (w.e.f. .......................)

OPTION FORM FOR ISSUE OF DIS BOOKLET

From, Date

DP ID

Client ID First Holder Name

Second Holder NameThird Holder Name

To, Khandwala Securities Limited

Vikas Building, Ground Floor, Green, Street, Fort, Mumbai 400023.

Dear Sir /

Madam,

I / We hereby state that:

[Select one of the options given below]

q

OPTION 1:

Yours faithfully

OR q OPTION 2:

Yours faithfully

(Please Tear Here)

Acknowledgement Receipt

Received OPTION FORM FOR ISSUE / NON ISSUE OF DIS BOOKLET from :

Name of the Sole / First Holder______________

Name of Second joint Holder

Name of Third joint Holder

Depository Participant Seal and Signature

I / We do not require the Delivery Instruction Slip (DIS) for the time being, since I / We have issued a POA / executed PMS agreement in favour of / with _______________________________________ (name of the attorney / Clearing Member / PMS manager) for executing delivery instructions for settling stock exchange trades [settlement related transactions] effected through such Clearing Member / by PMS manager. However, the Delivery Instruction Slip (DIS) booklet should be issued to me / us immediately on my / our request at any later date.

I / We require you to issue Delivery Instruction Slip (DIS) booklet to me / us immediately on opening my / our CDSL account though I / we have issued a Power of Attorney (POA) / executed PMS agreement in favour of / with _______________________________(name of the attorney / Clearing Member / PMS manager) for executing delivery instructions for settling stock exchange trades [settlement related transactions] effected through such Clearing Member / by PMS manager.

D D M M Y Y Y Y


Second Holder

Name

Signatures

Third Holder


Second Holder

Name

Signatures

Third Holder

19

DP ID Client ID

20

FEMA DECLARATION [In case of NRI(s) / Foreign National(s)]

I/We_________________________________________________ Residing at ______________________________

______________________________________________________________ hereby confirm that I am a /we are

non-resident Indian/s / foreign national/s individual/s. I/We also confirm that I/we have complied with FEMA

(erstwhile FERA) regulations and I / we would continue to comply with FEMA (FERA) regulations.

I / We also undertake that whenever there is/are change/s in the residential address and or any other information

same will be informed immediately to the DP.

Signature of Sole / First Holder Signature of Second Holder* Signature of Third Holder*

Place :

Date :

21

CONFIRMATION UNDER THE FOREIGN ACCOUNT TAX COMPLIANCE ACT (FATCA) FOR DETERMINING U.S. PERSON STATUS [Mandatory for all investors including Unit holder(Guardian in case of minor) and Joint holder(s)]

To, Khandwala Securities Ltd.Vikas Building, Ground FloorGreen Street, Fort,Mumbai 400023

APPLICANT'S INFORMATION

Trading A/c No.

Demat A/c No.

FATCA DECLARATION FOR INDIVIDUAL CLIENTS

Please provide a response common to all holders in the folio(s). For eg : If the answer to any one of the question for any one of the holder is “Yes”, please tick on “Yes” against the question

FOR INDIVIDUAL INVESTORS (INDIVIDUAL / NRI / HUF / ON BEHALF OF MINOR / PROPRIETORSHIP FIRM)

FATCA Compliance Confirmation Indicia “Yes” or “No” please( )

Are you a resident or Citizen of the United States? Is US your place of birth?

Do you have a US telephone number in the capacity of a resident / citizen of US? Do you hold any residence / mailing address / ‘C/o address’ / hold mail address / PO Box

address in the US?

Is your POA holder based out of US or hold US residence / citizenship?

Do you pay tax in the US?

Do you hold an Identification Number or any identification that indicates US residence / citizenship?

In case of individual client who is a resident or Citizen of the United States:

Spouse Name

:

__________________________________________

Nationality

: _________________Place of Birth

:___________________________________

Tax Identification Number (TIN)

allotted byTax resident country

:

__________________________________________

TIN Issuing country

:

__________________________________________

Foreign Address

:

__________________________________________

__________________________________________

DECLARATION & SIGNATURE(S) (To be signed as per mode of holding)

YesYesYes

Yes

YesYes

Yes

NoNoNo

No

NoNo

No

Client agrees to provide the trading member and/or depository participant with any documentation or information requested relating to individual or entity tax status. To the extent required by the trading member and/or depository participant, client hereby consents to the disclosure and reporting of any tax related information obtained or held by the trading member and/or depository participant to any local or foreign regulatory or tax authority (“Income Tax of India”). Upon request by the trading member and/or depository participant, client hereby agrees to obtain a written waiver or consent from the entity's “substantial owners” or “controlling persons” and to provide those consents to the trading member and/or depository participant to permit it to disclose and report tax and account specific financial information to any local or foreign Tax authority. The terms “substantial owners” and “controlling persons” shall have the meaning as defined under local or foreign tax laws, regulatory guidance or inter governmental cooperation agreements. The potential consequences for failure to comply with requests for tax information, failure to respond to requests for waivers or consents for tax information disclosure, and/or failure to respond to requests to obtain waivers or consents from substantial owners or controlling persons, include, but are not limited to: (a) trading member and/or depository participanthas the right to carry out actions which are necessary to comply with the local or foreign tax reporting obligations; (b) trading member and/or depository participant has the ability to withhold taxes that may be due from certain payments made to the client's account; (c) trading member and/or depository participant has the right to pay relevant taxes to the appropriate tax authority; (d) trading member and/or depository participant has the right to refuse to provide certain services; and (e) trading member and/or depository participant has the discretion to close client accounts. The client agrees to inform, or respond to any request from, the trading member and/or depository participant, if there are any changes to tax information previously provided.

Authorised Signatory 1 / 1st Applicant Authorised Signatory 2 / 2nd Applicant Authorised Signatory 3 / 3rd Applicant

Place :

Date :

Khandwala Securities Limited (KSL) as a SEBI registered Intermediary is mandated to follow the rules regulations circulars of the exchanges and SEBI issued from time to time and operates through well defined procedures and policies.

The following policies have been mandated by SEBI to be made available to the clients. It should not be construed that these are the only policies followed by KSL.

(A) Refusal of orders for Penny Stocks

Penny stocks and scripts that have a very low value and may or may not be illiquid. Most times there would be very few buyers / sellers for such scripts / The exchange (NSE, BSE) releases a list of such scripts and they are termed as illiquid securities. KSL retains the right to term a particular script as illiquid / penny stock based on the parameters it deems fit. These parameters may include, the past volume of the script, the volatility in the script among others, whether trading in a particular script falls within the purview of fraudulent trades or trades deemed to be fraudulent under the SEBI-prohibition of fraudulent and unfair trade practices relating to securities market regulation 2003.

KSL reserves the right to facilitate clients for placing orders with regards to the penny stocks or illiquid scripts as described above. KSL is not under any obligation to push orders which are in the nature of penny stocks / illiquid scripts. KSL does not encourage trades in penny stock.

KSL may permit trades in a penny or illiquid script script subject to certain conditions, such conditions may include

· Submission of a declaration, by the client, such declaration would include the reasons for entering into the said transactions and also whether the client has abided by all the relevant regulations.

· In case of a buy transaction the client may be asked to deposit the full value of script which the clients intends to purchase, in case of sale transaction, the script will necessarily be transferred to KSL's margin account prior to placing the sale order.

· Assessment of the past trading pattern or records of the client prior to giving permission.

· Conducting in person verification of the said client to establish the genuineness of the intended trade. KSL reserves the right to refuse to place such orders w h e t h e r o r n o t t h e c l i e n t f u l f i l l s t h e aforementioned conditions.

(B) Setting Up Client's exposure Limits

Exposure is allowed to the clients based on the margin available in form of funds or approved securities valued after deducting an appropriate haircut. Client is liable to pay applicable initial margins, withholding margins, special margins or such other margins as are considered necessary by the Exchange. Further KSL at its discretion may collect such additional margin or may further reduce the margin subject to extant regulations. Clients are supposed to maintain sufficient balance with KSL pre trade depending on the channel through which they trade. KSL may levy additional

margins or relax the margins earlier imposed based on factors such as, client level positions, volatility in a particular stock or the market in general. Though it shall be our endeavor to ensure that a proper notice is sent to the clients, this may not always be possible taking into consideration the market scenario. Exposure allowed to clients may wary, basis the clients past trading performance, quality if collateral, market circumstances and dynamics and other such factors.

Clients may trade themselves through the internet or may trade through the sub-broker or branch. For clients who trade through the internet, the exposure limit may be ascertained by them on the trading portal. Clients executing trades through sub-broker or branches may check their exposure positions with the sub-broker / Branch.

KSL shall not be responsible for any variation, reduction or imposition or the Client's inability to route any order through the Stock broker's website on account of any such variation, reduction, or imposition of limits. KSL may at any time, at its sole discretion and without prior notice, prohibit or restrict the Client's ability to place orders or trade in securities based on certain risk parameters.

(C) Applicable Brokerage

The brokerage applicable shall be as agreed upon from time to time. In case of any modification in the brokerage rate, the client shall confirm the same as required by KSL. The client agrees to pay to KSL, brokerage, Exchange related charges, statutory levies and any other charges as specified in Tariff Sheet (including but not limited to security handling charges on settlement) as are prevailing from time to time and as they apply to the client's account, transactions and with respect to the services opted by the client and thereby rendered by KSL. KSL does not charge brokerage more than the maximum brokerage permissible as per the rules and regulations and bye laws of the Exchanges / SEBI. However the minimum brokerage as stipulated by the exchanges will be levied. The brokerage shall be charged as a percentage of the value of the trade or at a flat fee or otherwise, together with the statutory levies as may be applicable from time to time on the same. In addition to the brokerage charged the following charges will also be levied.

Schedule of charges

1. Account opening fees.

2. SEBI turnover fees as applicable.

3. Exchange Transaction charges as applicable.

4. Securities Transaction Tax (STT)* :- The STT rates will vary with regards to trades done on delivery basis, non delivery basis and trades done in the derivative segment.

5. Service tax*.

6. Stamp duty:- Statewise stamp duty as applicable will be levied.

7. Education Cess and higher Education Cess*.

8. In addition to the above KSL shall debit the demat charges to the trading account.

22

KSL - POLICY AND PROCEDURES

9. In case there are any bank charges or any other charges levied by the exchange or any other authority on account of any violation done by the client, the same shall be charged to

10. Delivery Handling Charges (DHC) would be levied on each sale transaction in case if the value of brokerage levied is less than Rs. 30/-, the value of DHC would be difference of Rs. 30/- and the brokerage charged.

11. In case where the brokerage levied as a percentage on the value of the shares / contract is less than the

minimum brokerage payable per share / contract. The client will be charged such minimum rate of brokerage per share instead of percentage.

* These are government levies and are subject to change from time to time and will be charged in addition to the brokerage as applicable. All the above charges would be subject to change from time to time. Such changes shall be displayed on the website or other such URL used by KSL from time to time..

In case the brokerage rate is not specified on the brokerage chart within the KYC, the default brokerage as mentioned below will be applicable.

Cash Market Brokerage % Min. Paise Per Share

First Leg 0.10 5

Second Leg (Same day Sq. off ) 0.10 5

Delivery Brokerage 0.50 10 Default Brokerage

Derivatives Segment Currency Derivatives

Futures % Options % Futures % Options %

First Leg 0.10 2.50 0.10 2.50

Same day square off 0.02 2.50 NIL Nil

Next day square off 0.10 2.50 0.10 2.50

In case of futures, the minimum brokerage of 0.01 paise per share will be charged.In case of futures options, minimum brokerage will be Rs. 100/- per lot or the above whichever is higherIn case of currency futures, the minimum brokerage of 0.01 paise per quantity will be charged. In case of currency options, minimum brokerage will be Rs. 30/- per lot or the above whichever is higher.

Standard Brokerage

Percentage Index / Stock options Currency Options Segment Min. amount per lot Segment Min. amount per lot

2.50 100 30

2 90 25

1.50 80 20

1 70 15

0.50 60 10

(D) Imposition of Penalty / Delayed payment charges by either party, specifying the rate and period

Delay pay-in charges are levied to clients for non payment or delay in payment of their fund obligation on time which may be due on account of charges, margins or any othe sum due to KSL. Clients are required to pay margins before placing any trades. Clients are allowed to place margins in form of funds or securities. Exposure is given to the client based on the stocks submitted by the client towards margin to KSL. Appropriate haircut is applied on such stocks. They are then expected to make the full payment for the purchase on the settlement date. In case there is a debit balance in the clients account, the same shall be liable for the delayed payment charges. The calculation of these charges is an automated process. The charges to be levied would be up to 2% per month. These charges have been introduced so that they act as a deterrent for delaying the

payment of funds. In case where any penalty / charges / fees / taxes etc. of whatever nature, is levied on KSL on account of trades or orders placed by clients, such penalty / charges / fees / taxes etc. shall be debited to the client's account.

(E) Right to sell client's securities or close clients positions, without giving notice to the client on account of non payment of client's dues (limitation to the extent of client margins / settlement obligations)

Margin collection - Margin is collected upfront from the client's i.e. prior to executing any trades. Based on the margin thus available with KSL - exposure is given to the client. The applicable margin may vary and the client may be asked to replenish the margin by tendering additional funds or securities.

In accordance with Exchange guidelines, KSL retains the right to square off the position without giving any notice to the client.

23

· The client agrees to pay for the shares purchased through KSL before the pay-in date in order to enable KSL to make the requisite pay-in to the exchange. In case the client fails to make the payment, KSL may liquidate the securities in the clients account in order to ensure that adequate credit is received for the shares purchased. This square off may be done on or before the 5th day from the settlement date.

· The client also agrees to maintain adequate margin for the positions taken in any segment. However in case the credit available is lower than the minimum margin required, the client's positions would be liquidated in a manner that there is no shortfall of margin.

· KSL shall endeavor to ensure that adequate prior information is given to the client for such liquidation. It shall inform the client through the mobile number and or email id updated with KSL. For clients to whom a login and password is given to a c c e s s t h e i r a c c o u n t o n t h e w e b s i t e www.kslindia.com, or such other URL that may be provided by KSL from time to time, where they are required to login and check the limit statement upload therein. It shall be the client's responsibility to ensure that adequate credit balance is available in the account.

· The above guidelines may be changed based on the discretion of KSL and in terms of the market conditions. In cases where the market is volatile and there is a sudden spurt in scrip price then KSL may square off position without any notice due to the paucity of time and other such circumstances.

· Whenever KSL endeavors that the positions are to be liquidated, it shall not be responsible for any liabilities in case the same cannot be liquidated.

· The priority of the positions to be squared off, i.e. which positions to be squared off first, would be at the discretion of KSL.

KSL may follow the following priority for squaring off positions:-

a) Lower Margin script's will be squared off first.

b) Only futures position will be squared off (option position to be square off manually)

c) In case where there is a position in cash and derivative segment, futures positions would be squared off first then cash positions would be square off in case shortfall still exist.

(F) Shortages in obligations arising out of internal netting of trades

Internal Shortage Policy

BSE has a window wherein internal short deliveries can get

auctioned as per the normal auction process. Internal short deliveries are not covered by the Auction conducted on the NSE. It is due to this limitation on the NSE we follow the procedure as mentioned below

1. The client may not receive shares on T + 2 in case there is an internal shortage situation within KSL, i.e. the buyer and seller are both KSL client's and the seller defaults in delivery due to which the buyer may not receive the shares.

2. In case of an internal shortage, firstly the defaulting seller would be provisionally debited with a value as on the previous day of the payin day + 30% for the default till such time the auction process can be completed.

3. In case there is an internal shortage in BSE, the exchange conducts an auction through which the shares would be purchased and delivered to the buyer. The seller would be debited at the rate at which the exchange would have purchased the shares. Additionally, brokerage statutory costs and other incidental charges including penalty of non-delivery may be debited to the client. In case, the exchange is unable to purchase these shares, the exchange will inform KSL of a close out rate, at which the buyer would be allowed credit and the seller would be debited for the same amount. In case of any corporate action for internal shortages, if original trade was executed at cum-rate then KSL will repurchase the shares at ex-rate in its Internal Shortage a/c. The amount / quantity of corporate action, such as applicable will be debited to the Seller's a/c and will be credited to the Buyer's account. In case of securities being delisted from trading / unable to be on account of corporate action, KSL will close out internal shortages at last traded price / last traded cum rate price + 10% (credit to buyer & debit to seller).

4. In case there is an internal shortage in NSE, KSL purchased the shares from the normal market and provides the shares to the buyer on receipt of delivery. The defaulting seller would be debited with the rate at which these shares were purchased, including the brokerage, statutory charges and other incidental charges including penalty if any. In case of non receipt of delivery from purchase of the shares, the buyer would be offered credit at a close out rate applicable on T+4 day + 3% or and the new seller would be debited at the same rate. In case where KSL is unable to purchase the shares on account of the script being in buying circuit, the position would then be closed out at the closing price of the exchange on T+2 at the circuit percentage of 2 days (Maximum upto 20%). In case of any corporate action of internal shortages, if original trade was executed at the cum-rate, then KSL will repurchase the shares at ex-rate in its Inter Shortage a/c. The amount/quantity/ of corporate

24

action, as applicable will be debited to the Seller's a/c and will be credited to the Buyer's account. In case of securit ies being delisted from trading/unable to buy on account of corporate action, KSL will close out inter shortages at last traded price/last traded cum rate price + 10% (credit to buyer & debit to seller). The amount provisionally debited to seller and credited to buyer will then be reversed.

5. KSL may also levy charges on the defaulting seller for non-delivery of stocks within the stipulated time.

(G) Conditions under which a client may not be allowed to take further position or the broker may close existing position of a client

a) In the event where overall position in any script or derivative contract has reached the limit prescribed by regulators or exchanges. For example, in case of NRI clients where the PIS Limits are prescribed by RBI are breached or in case of Exchange wise, script wise limit prescribed by Exchanges for derivative contracts are breached. In all such cases the client may not be permitted to take additional positions.

b) KSL has the right to stop or block the client to trade in case where there is a debit balance in his/her account.

c) KSL retains the right to block the client to take a position in certain specified scrips basis the risk management systems of KSL.

d) In case where KSL is apprehensive the client to be an entity debarred by any regulatory authority, it shall retain the right to stop trading activities of such a client.

e) In case where KSL perceives risk with regards to any regulatory action or with regards to delay or non payment of margin or other obligation KSL may temporary block or suspend the trades of such clients.

f ) In case where the client's account is dormant for a period of more than 1 year KSL may mark such clients as inactive, and trade in the futures and options segment/Cash segment will be restricted till the receipt of the request from the clients for activating the account.

g) In case where suspicious transactions are observed, including but not limited to off market transactions.

h) In case where clients are not reachable at their contact details mentioned in the client registration form or in the client master changes form.

i) In case where unprofessional, or unruly behavior

of the client is observed.

j) In case of any ongoing dispute with the client, we may not permit the client to take further positions.

k) Further in case of clients breaching the risk parameters mentioned in point H above we may close the client's positions without intimation.

In the event of death or insolvency of the client, winding up or liquidation or the client otherwise becoming incapable of receiving and paying for delivering or transferring securities which the client has ordered to be bought or sold, the Stock Broker may close out the transaction of the client and the client or his legal representatives as the case may be / shall be / would be liable for any losses, costs and be entitled to any surplus which may received therefrom.

(H) Temporary suspending or close a client's account at the client's request and deregistering a client

a) Any breach of the terms of this document.

b) If the client apprehends that security of his / her account has been breached, the client shall by writing to KSL. Request suspension of transactions in the client's account and KSL may on receipt of such request suspend transactions in the account. The client shall ensure pay in of funds and securities in respect of all transactions pending to be settled on or before the respective settlement date(s) and shall compulsorily square off all open derivative positions, failing which KSL without further reference to the client shall square off all open derivative positions prior to suspending the account. The account of the client shall, if suspended, remain so suspended until such time as the client's request in writing for reactivation of the account is not received by KSL. Provided always that KSL may, without prejudice to its other rights to effect recovery of its trade related dues, sell all or any collateral and other securities of the client lying with it in the client's account towards full or part recovery of the trade related dues owing by the client without prior notice or consent of the client.

c) KSL may at any time, as it may consider necessary in its sole discretion and without prior notice to client, prohibit, restrict or suspend the client's access to or use of the services provided to the client under this document, whether in part or entirely.

d) In the event of infraction of any Rules, Bye-Laws, Regulations of SEBI or the Stock Exchange or the provisions of any law for the time being in force governing dealings in the securities market without prior notice or on the directions of SEBI and/or the Exchanges.

e) Upon the death, winding up, bankruptcy, liquidation or lack of legal capacity of the client.

f ) The client being designated as a defaulter by any credit rating agency or any action or proceedings

25

have been initiated by the relevant regulator / Authority including without limitation SEBI.

g) Bank account, demat account, securities account of the client being frozen or attached by any court of law or any other competent authority for whatever reason.

h) The client having misrepresented facts at the time of registration or at the time of giving instructions or otherwise.

i) Any proceedings or investigations that involve the client or his / its properties having being initiated (or is / are ongoing).

j) The client fails to fulfil his / its payment obligations under this document or otherwise due to KSL or

k) If the client migrates to jurisdiction which prohibits trading in Indian Securities or otherwise subjects KSL or any of its employees to any licensing or registration requirements.

l) The prevailing policies and Procedures of KSL in respect of the above said matters shall remain published on its website as may be notified to the

client from time to time and the client agrees that it is client's responsibility to access, understand and abide by such policies at all times during the subsistence of this Mandatory and Voluntary Client Registration Documents.

Client Acceptance of Policies and Procedures stated hereinabove:

I / We have fully understood the same and do hereby sign the same. These Policies and Procedures may amend / changed by the broker, with my consent through a prior notice of 15 days. These Policies and Procedures shall always be read along with the Mandatory and Voluntary Client Registration Documents and shall be compulsorily referred to while deciding any dispute / difference or claim between me / us and stock broker any court of law / judicial / adjudicating authority including arbitrator / mediator etc. KSL may from time to time amend or modify the Policies and Procedures with my / our consent through a prior notice of 15 days.


26

D D M M Y Y Y Y

RUNNING ACCOUNT AUTHORISATION

Dated :

To,Khandwala Securities Limited Ref: Client Code: __________________ Vikas Building, Ground Floor, Green Street, Fort,Mumbai- 400 023

Dear Sir,

In order to facilitate operations of my/our trading account opened under the aforesaid client code, I /we would like to authorize Khandwala Securities Ltd. (“KSL”) to maintain a running account, instead of settlement-to-settlement clearance of funds/securities due to me/us. In this regard I/ we hereby authorize KSL to maintain a running account in accordance with circulars/guidelines issued by SEBI/Exchanges from time to time.

I wish to settle my account once every month / quarter (select one option). If my account turns into debit on any day during the settlement period, the same may be treated as settlement of funds for that settlement period provide that the balance of securities as on the said date is NIL and KSL will not be required to settle the credit if any arising subsequently during the settlement period. I/We agree that I/we shall be liable to pay the debit standing to my account on the settlement date or any other date.

I/We agree that KSL may, at the time of periodic settlement retain funds and securities as may be allowed by the Exchanges/SEBI, towards margin obligations on current and future transactions and such funds towards any other unbilled services/ charges for services availed from KSL.

I/We agree that KSL shall not be liable for any claim for loss, loss of profit, loss of interest or for any consequential, incidental, special or exemplary damages, caused by retention/settlement of such securities/funds under aforesaid arrangement or otherwise

I/We am/are aware that the authorization will be in force till the same is revoked by me/us. Further I/we may revoke the authorization any time and KSL any time making a valid request for revocation. KSL may release the funds/securities to me/us on my/our on settlement date or on request or on revocation of authority, if sufficient margins in respect of my/our trading, across the Stock Exchange(s) and across the segment of the Stock Exchange(s) are available with KSL.

I/We shall prefer settlement of fund/securities at such frequency as indicated below against my/our signature :

Client Name Client's Signature

Once in a calendar month for cash and F&O

Once in a calendar quarter for cash and F&O

On settlement to settlement basis in cash and on monthly basis in F&O

On settlement to settlement basis in cash and on quarterly basis in F&O

OR

OR

OR

VOLUNTARY

46

APPLICABLE ONLY FOR DP ACCOUNT

To,Khandwala Securities Limited, Depository participant department

Sub: - Consent To Receive Transaction Statement on E-Mail

This is with reference to my / our above Demat Account opening form and the Arrangement between me / us and

Khandwala Securities Limited with regard to the same. I / We understand from you that a facility is being granted

wherein I / we can get access to the transaction statement in respect of my / our above Demat account in the website

of the Depository participant or in the email address provided by me / us to the depository participant. I / We are also

aware that the said facility is available subject to me / us complying with certain terms and conditions as prescribed

by Central Depositories Services Limited (CDSL). I / We have requested Khandwala Securities Limited has agreed to

the said request. In consideration of Khandwala Securities limited agreeing to allow me / us to avail the said facility.

I / We agree to the following terms and conditions:

1) I / We are aware that on availing this facility transaction statement will not be received in paper from.

2) I / We will take all necessary steps to ensure confidentialify and secrecy of the login name and password of the

internet / e-mail account.

3) I / We am / are aware that transaction statement may be accessed by other entities in case the confidentiality /

secrecy of the login name and password is compromised and I / we will not hold responsible Khandwala

Securities Limited for any breach of secrecy.

4) I / We shall not hold Khandwala Securities Limited liable if any problem arises with my / our computer

network because of me / us receiving statement.

5) I / We authorizes by the other holders to receive the statement on their behalf in e-mail IDs provided to

Khandwala Securities Limited.

6) I / We shall immediately inform Khandwala Securities Limited regarding any change of email address

provided by me / us for receiving the transaction statement.

7) I / We shall not hold responsible Khandwala Securities Limited, if we do not receive statement due to

incorrect email IDs and / technical reasons.

8) I / We are aware that both the parties have the right to terminate the said facilities on providing a 10 days'

advance written notices to the other party.

9) Please note the e-mail ID: _______________________________________________________ as mentioned

in KYC Form.


Second Holder

Name

Signatures

Third Holder

47

VOLUNTARY

POWER OF ATTORNEY

TO ALL TO WHOM THESE PRESENTS SHALL COME. 1) I / We ___________________________________S/o, D/o, W/o ________________________________resident of__________________________________________________________________________________________________________________________________

2) I / We _________________________________S/o, D/o, W/o ________________________________resident of_________________________________________________________________________________________________________________________________________________________________________________

3) I / We _________________________________S/o, D/o, W/o ________________________________resident of_________________________________________________________________________________________________________________________________________________________________________________

SEND GREETINGS. Whereas, I/We have a Beneficiary Account Bearing no______________________ in the name and Style of __________________________________________________ (Herein after referred to as the said account) with Khandwala Securities Limited having its Registered and Corporate Office at Vikas Building, Ground Floor, Green Street, Fort, Mumbai 400 023. Tel : 022 4076 7373 Fax: 022 4076 7377 and I/We am/are desirous of appointing an agent/attorney to operate said account on my/our behalf in the manner herein after appearing.

WHEREAS I / We hold beneficial owner account number 12081000________________ with Central Depository Services (India) Limited (CDSL), through Khandwala Securities Limited, a Depository Participant bearing DP-ID 12081000 registered with Securities and Exchange Board of India (SEBI).

And Whereas I / we am / are desirous to buy and sell securities through Khandwala Securities Limited who is a stock broker registered with SEBI and member of recognized stock exchange/s.

And Whereas I / we am / are desirous of appointing Khandwala Securities Limited as my / our constituted attorney to operate my / our beneficial owner account on my / our behalf for a limited purpose in the manner hereinafter appearing and subject to conditions as provided herein.

NOW KNOW YOU ALL AND THESE PRESENTS WITNESS THAT I / We do hereby nominate, constitute and appoint Khandwala Securities Limited, a Member of NSE (Registration No. INB230600030)and BSE (Registration No. INB010600030) as my true and lawful attorney and authorise it to perform the following functions on my behalf:

i. To transfer securities held in my / our aforementioned beneficial owner account(s) or any other account informed by me in writing to the stock broker from time to time to the demat account numbers (refer to the Table below) of the stock broker maintained for the purpose of settlement of trades and margin obligations arising out of trades executed by me / us on any recognized stock exchange through the stock broker. However, the said power will be restricted to only transfer of securities to the Clearing Member ID allotted to the stock broker by any existing or future exchange that the stock broker has joined / will join

as a member or to any demat accounts linked to the said Clearing Member ID provided that I / we have executed a lient Member agreement is not allowed, instead of the same we have to mention word "right and obligation document or any other such relevant documents with mandatory & voluntary client registration documents.

ii. To pledge the securities in favour of the stock broker for the limited purpose of meeting my / our margin requirements in connection with the trades executed by me / us on any recognized stock exchange through the stock broker.

iii. To return to me / us, the securities that may have been received by the stock broker erroneously or those securities that the stock broker was not entitled to receive from me / us;

iv. To send consolidated summary of my / our scrip-wise buy and sell positions taken with average rates to me / us by way of SMS / email on a daily basis, notwithstanding any other document to be disseminated as specified by SEBI from time to time.

v. To apply for various products like Mutual Funds, Public Issues (shares as well as debentures), rights, offer of shares, tendering shares in open offers etc pursuant to oral / written / electronic instructions given by me / us to the stock broker.

C

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VOLUNTARYFi

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We Accept

Name of Witness Khandwala Securities Limited

(The Attorney)

Signature

of Witness

Address of Witness

Date

Place

I/We ratify the instructions given by the aforesaid stock broker to the depository participant named hereinabove in the manner specified herein.

I/We further agree and confirm that the powers and authorities conferred by this Power of Attorney shall continue until it is revoked (without notice) in witting by me and that the said revocation shall be effective from the date on which the revocation notice is received by the stock broker in his office at Vikas Building Ground Floor, Green Street, Fort, Mumbai 400023.


Second Holder

Name

Signatures

Third Holder

49

For the Purpose of execution of the above, I authorize the attorney to debit securities for transfer / pledge, as the case may be from my aforesaid beneficial account to below mentioned beneficial account owners:

Detail of Demat Accounts

CM Name CM BP ID / DP ID Exchange Description

Khandwala Securities Ltd. 1208100000000464 NSE CM Pool Account-CDSL

Khandwala Securities Ltd. 1100001100019566 NSE CM Early Pay in Account -CDSL

Khandwala Securities Ltd. 1208100000000445 BSE CM Principal Account-CDSL

Khandwala Securities Ltd. 1208100000000451 BSE CM Pool Account-CDSL

Khandwala Securities Ltd. 1100001000018093 BSE CM Early Pay in Account -CDSL

Khandwala Securities Ltd. IN550725 NSE CM Pool Account-NSDL

Khandwala Securities Ltd. IN631659 BSE CM Pool Account-NSDL

Khandwala Securities Ltd. 1208100000000050 NSE Beneficiary Account

Khandwala Securities Ltd. 1208100000000046 BSE Beneficiary Account

Khandwala Securities Ltd. 1208100000000031 NSE CM Margin Account

Khandwala Securities Ltd. 1208100000000027 BSE CM Margin Account

Whereas the client intends to open securities trading accounts with Khandwala Securities Limited, (hereinafter referred as KSL) for the purpose of trading in Capital Market Segment, Futures & Options and Currency Derivative Segments of the National Stock Exchange of India Ltd., the Bombay Stock Exchange Ltd., and Mutual Fund transactions facilities offered by SEBI recognized Stock Exchange and whereas for the purpose of more fully and conveniently availing of the services agreed to be provided by KSL and also the additional services that may be made available by KSL from time to time, the Client, on its own free will and volition, agrees to accept and be bound by the following terms and conditions. The Client understands that these terms and conditions are voluntary i.e, non-mandatory in nature but on their acceptance, these shall constitute the contract between the parties and bind them fully and be enforceable by each party against the other.

1. Authorization to debit additional charges with regard to Trading and Demat Account: Without prejudice to the other rights and obligations of the parties, the client understands and agrees that KSL may levy additional charges including Annual Maintenance Charges and all transaction charges with respect to Clients Demat Account for any service rendered by KSL and as may be required by the Client, and recover from the Client all reasonable costs, as may be incidental or consequential for rendering the said services. The said charges will be debited to the clients ledger account with KSL.

2. Authorization for collection of AMC in respect to Demat Account: Client authorizes KSL to debit Annual Maintenance Charges and all transaction charges payable by it in respect to its Demat Account with KSL to the broking account of the Client in any of the segments.

3. Settlement Obligations: Where settlement obligations, whether fund / securities, are not discharged by the Client on time, KSL reserves the right not to release fund / security (pay out) to the Client. KSL may withhold pay-out of securities until cheque / pay order / demand draft issued by the Client is realized. This is without prejudice to the other remedies available to KSL in the event of default by the Client in discharging the settlement obligations in accordance with the Rules, Regulations and Bye-laws of the respective Stock Exchange.

4. Client to pay on demand: The client hereby unconditionally, absolutely, and inevocably undertakes to pay immediately any trade related amount due and payable under this document on being called upon to do so, merely on a demand in writing or otherwise from KSL stating that the amount has become due.

5. Payment by cheque : Where payment by the client towards margin money is made through cheque / pay order / demand draft issued in favor of KSL, trades may be executed at the discretion of KSL only upon realization of the funds of the said cheque / pay order / demand draft.

VOLUNTARY TERMS AND CONDITIONS

6. Lien: All securities, funds and / or properties of the Client as may be permitted by the Exchange(s) from time to time to be placed with KSL shall be subject to lien for the payments or fulfillment of all undischarged liabilities and obligations of the Client in relation to its transactions or owing to any of the group companies of KSL. KSL shall be entitled to withhold such securities, funds and / or property of the Client as security towards any such undischarged liabilities or obligation of the Client and to sell and / or appropriate to itself all such securities, funds or properties at its sole discretion and at any point of time.

7. POA for Demat Account: The Client agrees that KSL may require the Client, at any time during the subsistence of any arrangement relating to the subject matter of these presents, to open one or more Demat account with the depository participant designated by KSL. The CLIENT further agrees to execute a power of attorney for the operation of the designated Depository account authorizing KSL to sign and issue Delivery Instruction Slips on behalf of the Client to transfer securities from the Demat account of the client to the Pool account of KSL to discharge the delivery obligations of the Client in respect of the shares sold by the Client. The Power of Attorney shall also authorize KSL, where securities in the designated Demat Account of the Client has been given for margin, to pledge with NSCCL, sell, dispose of, transfer.

8. Pay out of securities/fund: In order to facilitate operations, the Client authorizes KSL to maintain a running account with KSL, instead of settlement to settlement clearance of funds / securities due to Client. The pay out of funds / securities may be retained by KSL in the running account and no interest shall be payable by KSL on such securities / funds so retained. The Client authorizes KSL to transfer the securities so retained by KSL in any settlement or inter-settlement towards the pay-in obligation of the Client against future sale. The Client also authorizes KSL to consider the funds / securities so retained by KSL towards collateral margin and for allowing enhanced gross exposure to the Client. The Client agrees that KSL shall not be liable for any claim for loss or for profit, or for any consequential, incidental, special or exemplary damages, or otherwise, caused by retention of such securities / funds. On written request of the Client, KSL may release funds / securities to him, if sufficient margins in respect of his trading, across the Stock Exchange(s) are available with KSL. The Client also agrees that KSL may retain and / or sell securities or adjust funds to the extent of debit balance in the account of the Client in any of the segments of any Stock Exchange(s) and release the balance securities / funds remaining after such retention / sale / adjustment.

9. Authorization for Inter segment fund balance transfer and stock transfers: The client hereby authorizes KSL to transfer its debit / credit balances in the ledger account arising during the course of trades in any segment to its ledger account in any other segment or to transfer any stock purchased / lying in its account in any segment to its account in any other segment as often as may be required. The transfers will be completed by passing journal entries in the books of KSL.

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VOLUNTARY

10. Acting as a Sub-Broker: The Client agrees that he shall not act as a Sub-Broker without prior written permission of KSL, the Stock Exchange and without obtaining certificate of Registration from Securities and Exchange Board of India (SEBI).

11. Orders at Unrealistic Prices / Illiquid scripts: The client hereby confirms that he will not place or cause to be placed with KSL, orders in scrip at prices substantially different from the prevailing price of the scrip at the time of placement of order. Any order placed by the client wherein the price is substantially different from the prevailing market price of the scrip is liable to be rejected at the sole discretion of KSL. The Client understands that KSL may in its sole discretion and without disclosing any reasons, restrict trading in certain scrip or stock options. The Client understands and agrees that the details of such scrips will be disclosed by KSL through the Back Office Login or other means.

12. Resolution Of Disputes / claims Through Arbitration: The client and KSL agree to refer any claims, disputes or differences arising out of or in relation to any transactions between them to which the Rules, Bye-Laws and Regulations of the concerned Stock Exchange apply, for their resolution, to arbitration in accordance with the terms and conditions in the said Rules, Bye-Laws and Regulations and circular issued there under for such resolution as may be in force from time to time and shall be deemed to be and shall take effect as wholly made, entered into and to be performed in the city of Mumbai and the parties to such trade shall be deemed to have submitted to the jurisdiction of the Courts in Mumbai for the purpose of giving effect to the provisions of the rules and regulations of the exchange.

13. Statement of accounts on the back office website of KSL: The client agrees to download his account statement from KSL's back office web site www.kslindia.com or any other web site which KSL will have and want the client to use. Any discrepancy in the account statement in respect of any accounting entry in any calendar month shall be brought to the notice of KSL preferably within one week from the end of that month, failing which the account statement appearing in the books of KSL shall be deemed to be correct and accepted by the client in case such information is not available on the web site for a technical reason, the client to call KSL and getting the account statement / information.

14. Disclaimer: The Client understands and agrees that neither KSL nor any other party disseminating any market data, message or information through the Website of KSL or in any other media shall be liable for:

a) Any inaccuracy, error, omission or delay in the transmission or delivery of any such data, information, or message, or

b) Any loss or damage arising from or occasioned by

i. Any such inaccuracy, error, delay or omission,

ii. Non-performance, or

iii. Interruption in making available any such data, information or message, due to either any act or omission by KSL or any disseminating party or to any “force majeure” (e.g. flood, extraordinary weather condition, earthquake or other act of nature, fire, war, insurrection, riot, labour dispute/unrest, accident, action of government, communications or power failure, equipment or software malfunction) or any other cause beyond the reasonable control of KSL or any disseminating party.

15. Legal, Tax, Accounting or Investment advice: The Client acknowledges that the Member shall not be liable to provide him with any legal, tax, investment or accounting advice or advice regarding the suitability or profitability of a security or investment. The Client also acknowledges that the Member's employees are not authorized to give any such advice and that the Client will not solicit or rely upon any such advice from the Member or any of its employees.

16. Use of data / information on the Website: The Client understands that each participating Exchange, association, agency and KSL asserts proprietary interests in the market data, research work and other materials displayed on the Website of KSL and the Client is authorized to use the said website materials for the client's own needs and uses only in accordance with the terms and conditions specified for such usage. Client is not authorized to, and shall not, sell or provide access to or make copies of any such materials or permit their use by any other persons in any manner, Client will not delete copyright or other intellectual property rights notices from printouts of electronically accessed materials. Client understands that the Exchange does not guarantee the timeliness, sequence, accuracy, or completeness of market data or any other market information, or any messages disseminated by it. Neither KSL nor the Exchange shall be liable in any way for incorrect, misleading, incomplete or dated data or information and, if the Client acts on the basis of the same, he shall do so at his own risk and cost. The Client shall not furnish market information provided by the Exchange to any other person or entity for consideration or otherwise and in the event the Client does so he does so at his own risk and cost.

17. Rates for “market orders” may vary: In case of a “market order”, the Client agrees that the order may be executed at a price different from the price at which the security has been trading when the order was entered into KSL trading / INTERNET TRADING system.

18. Authorised Representatives:

a) The Client may authorize any other person as per applicable rules, laws, regulations of SEBI / Exchange to be his authorized representative to trade and transact in securities for and on his behalf in his trading account, by executing and producing to KSL a Power of Attorney (as per applicable rules, laws, regulations of SEBI / Exchange) in favor of the person so authorized.

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b) The trading and other trade related instructions for facilitating and carrying out business issued telephonically or through any other authorised means either express or implied by authorized representative of the Client shall be binding on the Client.

c) The Client shall be bound by all the transactions undertaken by KSL pursuant to the instructions of the authorized person.

d) If any transaction under this document or under any other document with KSL has / have been executed on behalf of the Client or by any other person purpor ting to be an authorized representative of the Client and the same has/have been accepted or accepted from time to time by the Client, then such transaction(s) shall be deemed to be executed by the Client through such other person by the Client and the Client hereby agrees to ratify and accept all such transaction(s) and undertakes to meet all obligations arising from such transaction(s).

e) Any replacement of authorized representative shall be made by revoking the POA executed in favor of the old authorized representative and executing a POA granting powers to the new Authorised representative and by no other means.

19. Manner and Mode of placing orders / instructions: The Client may communicate orders and other instructions to KSL or the sub-broker / authorized person as the case may be over phone at the designated contact telephone number, or in writing, or through designated email, or by personally visiting the designated office. Client may use any one or more of these means as may be permitted by the SEBI / Exchanges from time to time for placing orders.

20. Non-execution / delay / cancellation of Orders: The client hereby agrees that KSL or the Exchanges shall not be liable for non execution or partial execution of any orders caused due to suspension, interruption, or malfunctioning of the online as well as offline trading services, disruptions or congestion of communication net works, hardware or software problems, or failure of the electronic trading system generally in any manner due to one or the other reasons beyond the control of KSL or the exchange.

21. Client not to act on representations of agents, employees: Client is aware that KSL has not authorized any agents, representatives, employees or other persons to make any representation, or to give any promise, assurance. Warranty, undertaking or commitment as to return on investment of the Client whether in writing or otherwise on behalf of KSL.

22. Recording of Conversation: The client is aware and agrees that KSL may tape record the conversation between the client / client's representative and KSL, whether over the telephone or in person. KSL may produce before competent authorities, voluntarily or on such production being required by such authorities, recorded conversation or transcript thereof or both as

valid evidence of the content of the conversation so recorded.

23. Confidentiality of Client Details: KSL may disclose the client information to any person / entity as required under the law or to any broker's Association or organizations in case of dispute in order to take informed decision.

24. Client to intimate changes: Client understands that it is Client's responsibility and undertakes to intimate KSL forthwith in writing of any change in relation to any information furnished by the Client in the Client Registration Form, including in particular but not limited to any change in the correspondence address. Client shall produce while intimating such changes necessary proof in support of the change and shall produce any additional proof, if any, required by KSL.

25. Client to furnish additional information: Client agrees and undertakes to furnish to KSL such additional information as may be necessary under the Rules, Regulations and Byelaws of the Exchanges, SEBI as may be in force from time to time or as may be required by any judicial, statutory, investigating, local or other authority, immediately on KSL making a request on the Client. Client further agrees that KSL may part with any such information pertaining to the Client and the transactions carried out by the Client through KSL to any judicial, statutory, local, investigating or other authority without prior reference to the Client.

26. Pay-in of Funds & Securities: KSL will receive funds / securities and / or disburse funds / securities only from / to the Bank a/c /Demat a/c given by the Client in the Client registration form or subsequently submitted by it in writing to KSL and accepted by KSL. KSL reserves the right not to accept funds / securities from Banks / Demat accounts other than that registered with it. Client understands and agrees that KSL shall not be liable for any loss caused to the Client by reason of KSL declining to accept funds / securities from accounts not registered with KSL.

27. Client Retain Copy: A copy of this document is being provided to the Client at the time of execution of this document and the Client acknowledges the receipt of the same. Further, in case the Client misplaces the copy provided to him / her / it, he / she / it can make a written request for additional copy at his / her / its cost.

28. Disclosure as to Proprietary Trades by KSL: KSL may carry out proprietary trades in addition to trades on behalf of its Clients.

29. Client's declaration:

a) The Client is conversant with the laws, practices, rules, Regulations, guidelines, circulars etc. prescribed by SEBI, the Stock Exchanges in relation to trading and transactions in the Securities Market and matters incidental or ancillary thereto and undertakes to acquaint itself with any modifications / changes brought about therein from time to time.

b) The Client will not give any third party shares or cheques for settlement of his / her / its obligations to the Exchange.

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c) The Client will not indulge in any manipulative, fraudulent and / or unfair trade practices including but not limited to trades such as synchronized deals, structured deals, circular trading in the capital market and futures and option segments.

In the event Client is found to have indulged in any manipulative, fraudulent and / or unfair trade practice or to have committed a breach of the applicable laws, regulations, guidelines, Bye-laws, by Client's acts or omissions, whether directly or indirectly, the Client shall be solely liable for the consequences thereof including but not limited to financial losses and the penalties, restrictions or other actions imposed or taken by appropriate authority.

30. Severance: In case any one or more of the terms and conditions contained in this document become invalid, illegal or unenforceable in any respect under any applicable law, the validity, legality and enforceability of the remaining provisions contained herein shall not in any way be affected or impaired thereby.

31. No Waiver: No forbearance, relaxation or inaction by any party to require from the other performance or discharge of any obligation to be performed or discharged by the other under this document shall in any way affect, diminish, or prejudice the right of such party to require of the other party at any time such performance or discharge, or performance or discharge of any other obligations under this document or be considered to be a waiver of any rights, unless the waiver is specifically agreed in writing.

32. Notices: All notices or communications issued by KSL shall be served on the Client in any one or more or all of the following ways at the ordinary business address and/or ordinary place of residence and/or last known address of the client:

a) (a) By ordinary post or (b) By registered post or (c) By express delivery post or (d) by SMS on registered mobile or by telephonic call or (e) By affixing it on the door at the last known business o r re s i d e n t i a l a d d re s s o r ( f ) B y o r a l communication to the party or on the last known telephone number or on the recording machine of such number or (g) By advertising it in at least one prominent daily newspaper having circulation in the area where the last known business or residential address of the client is situated or (h) By publishing it in the website of KSL wherein secured log-id and password to Client is provided or (i) By a notice posted on the notice board of the Exchange if no address be known or (j) By electronic mail or (k) By hand delivery or By Courier or any other mode as may be allowed for communication.

b) Notwithstanding anything stated above, communication relating to orders, margins, maintenance calls and other similar matters in

the ordinary course of dealings between KSL and the Client may be made orally.

33. Electronic Contract Note (ECN):

a) Client agree to receive contract notes in Electronic/Digital Form (ECN) authenticated by means of a digital signature in lieu of Physical Contract notes through e-mail by authorizing KSL in this connection and providing the e-mail address(es) at which the Client wishes the ECN to be sent.

b) The Client shall access and verify the ECN and all information contained therein, In case of discrepancy the Client, shall inform KSL either in writing or via E-mail preferably within 3 working days of the receipt of the same. KSL shall also publish t h e C o n t r a c t N o t e o n t h e W e b S i t e www.kslindia.com or on any other designated location specified by KSL from time to time. The Client will be issued a login and password by which the Client can login to his account and view / save / print the ECN. Should the Client experience any difficulty in opening the ECN, KSL may, on advice by the Client, make the Contract Note available by any other means (e-mail, electronic mail attachment, or in the form of an available download from the back office web site or by delivery of a hard copy). Client's failure to advice KSL of such a difficulty shall amount to valid delivery and viewing of the document by the Client.

34. Electronic Transmission of other Documents: The Client who have opted for ECN agrees that KSL may transmit to the Client any statements, documents or intimation including, but not limited to Margin Statement, Statements of Funds and Securities, margin and maintenance calls & other notices / communications in electronic mode either at the e-mail ID designated for delivery of ECN or to the mobile number of the Client or both and, in case of non receipt of bounced mail/non delivery of SMS notification, KSL shall be deemed to have fulfilled his obligation to deliver to the Client such documents. Discrepancies if any in documents should be brought to the notice of KSL preferably within 3 working days from issuance failing which the documents shall be deemed to be true and correct record of transactions stated therein.

35. Electronic Payment Gateway for Net Banking Services: KSL may provide on its internet trading website, without additional cost to the Client, access to Electronic Payment Gateways provided by various banks for facilitating transfer of fund from Client's bank account to the account of the Client with KSL. Client understands that KSL is only providing access to the electronic fund transfer facility provided by the banker of the Client through KSL's website by means of an interface and is not liable or responsible for the proper functioning or otherwise of the Gateway or for any transaction errors, losses, malfunctioning or hacking of the system by unscrupulous elements, frauds, and/or any incidental or consequential claims arising thereout. Client undertakes not to make KSL a party to any litigation, claim, dispute, difference or complaint that the Client may initiate in

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respect of, arising out of or in connection with any transactions on the Gateway and agrees that KSL's liability shall at all time be limited to the amount actually received in its account by electronic transfer from Client's account with the Bank.

36. Internet / Wireless Technology based Trading facility:

a) KSL offers Internet and mobile Trading facility for transaction in securities on the concerned Exchanges including facilities for online application of IPO/FPO/NFO/Bond issues or any other issues of securities or services to apply/purchase/redeem/sale/buyback or otherwise deal in the units of Mutual Funds (hereinafter referred to as “the Internet/wireless Trading system”) through Exchange approved software. The Client can route its orders to KSL over the internet/mobile/laptop with data card or any other devices which use internet protocol for purchasing, selling and dealing in securities. The Client may avail of such Trading facility provided by KSL by complying with the formalities prescribed therefor by SEBI / Exchange.

b) Non-usage of Internet / Wireless Trading Facility: If the Client does not use the Internet / Wireless Trading Facility for a continuous period of 3 months or such other period as KSL may notify, the facility may be deactivated without notice and the Client shall comply with the prescribed formalities for reactivating the facility. Trades can, however, be executed at all time by placing orders off-line with the concerned branch of KSL.

c) The client understands and agrees that KSL has different product of the Internet Trading / Wireless Trading softwares which have been approved by the Exchanges and the client shall be allotted such product as may be chosen by him. The client also understands and agrees that depending on the trading activity of the client, KSL shall have the exclusive right and liberty to change the product version allotted to the client and allot a different product version of the Internet Trading / Wireless Trading facility.

d) Orders of Client subject to review by KSL: The Client agrees that KSL may, on being suspicious of any of the transactions, review any order placed by a Client, which may cause delays in the processing of the Client's order or may result in rejection of such order.

37. Data Security and maintenance of equipments: The use and storage of any information including, without limitation, the passwords or digital signatures, portfolio information, transaction details, account balances and any other transaction details or trade information as the case may be on the Client's personal computer is at Client's own risk and is the Client's sole responsibility. Client is also responsible for maintenance and upkeep of the personal computer, modem, communication equipment and telephone or other services required for accessing and using the

internet trading facility of KSL and for all the communications service fees and charges incurred by the Client in that connection.

38. Extra Ordinary Events and termination / suspension of trading facility: KSL will not be liable for losses caused directly or indirectly by government restriction. Exchange rulings, suspension of trading, computer, communication, telephone or system failure, war, earthquakes, flood, accident, power failure, equipment or software malfunction, lack of connectivity, congestion or disruption of communication network or links, software glitches or corruption, low processing speed, strikes or any other conditions beyond KSL's control resulting in non-execution, partial or incomplete execution of orders and the resulting financial loss, if any KSL may at any time terminate, discontinue, or temporarily suspend trading facility provided to the Client in the event of any such extraordinary event occurring without giving prior notice to the Client.

39. Order / Trade Confirmation: KSL shall also send the order / trade confirmation slip through e-mail at the email ID provided by the Client at his request, within the time period as specified by the Client from the time of execution of order / trade on the NEAT / BOLT system, as the case may be. The Client agrees that the intimation of trade so sent by KSL by e-mail shall be deemed to be a valid delivery of trade confirmation by KSL.

40. Jurisdiction: All trades, transactions and contracts carried out on the Internet Trading System are subject to the Bye-Laws, Rules and Regulations of the Exchange concerned and shall be deemed to be and shall take effect as wholly made, entered into and to be performed in India and the parties to such trade shall be deemed to have submitted to the jurisdiction of the Courts in India for the purpose of giving effect to the provisions of the Rules and Regulations of the Exchange.

41. Transactions and Settlements: All orders for purchase, sale or other dealings in securities and other instructions routed through KSL's Internet Trading System via the Client's User name shall be deemed to have been given by the Client.

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

b) KSL may from time to time impose and vary limits on the orders that the Client can place through the Internet Trading System (including exposure limits, turnover limits, limits as to the number, value and/or kind of securities in respect of which orders can be places, the companies in respect of whose securities orders can be placed, etc.). The Client is aware and agrees that KSL may need to vary or reduce the limits or impose new limits from time to time instantaneously on the basis of the KSL's risk perception and other factors considered relevant by KSL, and KSL may be unable to inform the Client of such variation, reduction or imposition in advance. The Client agrees that KSL shall not be responsible for such variation, reduction or imposition or the

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Client's inability to route any order through the INTERNET TRADING System on account of any such variation, reduction or imposition of limits. The Client understands and agrees that KSL may at any time, at its sole discretion and without prior notice, prohibit or restrict the Client's ability to place orders or trade in securities through KSL.

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

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

42. Remit Funds payout electronically into client's bank account: Notwithstanding anything contained in these documents and without prejudice to the rights and obligations of the parties interest, the Client, hereby agrees and authorizes KSL to transfer funds due for payment to the Client through Net Banking / EFT / RTGS / NEFT for the credit of designated bank account(s) of the Client details of which are given by it to KSL. Client shall also give KSL a cancelled cheque leaf of the designated Bank account for this purpose. Client agrees that it shall not hold KSL liable if any fund is credited to wrong account(s) as a result of Client providing incorrect account details to KSL. KSL reserves the rights to reject request of the Client for electronic fund transfer or to discontinue the facility without assigning any reason. The client also understands and agrees that KSL shall not be responsible for any delay / failure in transmission of electronic payout of funds due to any reason beyond the control of KSL and undertakes to not hold KSL liable in this regard.

43. Margin: The Client agrees and undertakes to immediately deposit with the KSL such funds, securities or other acceptable security, which KSL may require as margin. The Client agrees that KSL shall be entitled to require the Client to deposit with the KSL a higher margin than that prescribed by the Exchange.

44. Cancellation Requests: When the Client places a request to cancel an order, the cancellation of that order is not guaranteed. The order will be cancelled only if the request for cancellation is received before the execution of the order.

a) The Client shall not be entitled to presume an order as having been executed or cancelled until a confirmation from KSL is received by the Client.

b) The Exchange manuals a trade suo-motu without giving a reason therefore. In the event of such annulment, KSL shall be entitled to cancel the relative contract(s) with the Client.

45. Trade Confirmation: Online confirmation will be available to the Client upon execution or cancellation of an order placed by him through the Internet Trading System. This shall be followed by a confirmation, which may be sent by postal mail, electronic mail or other electronic means. It is the responsibility of the Client to review upon first receipt, whether delivered to him online, by postal mail, by electronic mail, or other electronic means, all confirmations of transactions or cancellations.

46. Representation and Warranties of Client: The Client represents and warrants to KSL that:

a) All the information provided and statements made in the Client's Internet Trading Account Application are true and correct and are not misleading (whether by reason of omission to state a material fact or otherwise) and the Client is aware that KSL has agreed to provide KSL's internet Trading Service to the Client on the basis, inter alias, of the statements made in the Client's Internet Trading Account Application.

b) The Client is aware and acknowledges that trading over the internet involves many uncertain factors and complex hardware, software, systems, communication lines, peripherals, etc. which is susceptible to interruptions and dislocations; and KSL's Internet Trading Service may at any time be unavailable without further notice. KSL and the Exchanges do not make any representation or warranty that the KSL's Internet Trading Service will be available to the Client at all times without any interruption. The Client agrees that he shall not have any claim against the Exchange or the KSL on account of any suspension, interruption, non availability or malfunctioning of KSL's Internet Trading System or Service or the Exchange's service or systems for any reason beyond the control of KSL.

c) The Client has the required legal capacity to, and is authorized to, enter into this document and is capable of performing his obligations and undertakings hereunder.

d) All actions required to be taken to ensure compliance of all the transactions, which the Client may enter into pursuant to this document with all applicable laws, shall be completed by the Client prior to such transaction being entered into.

e) The Client shall abide by the Exchange Provisions in force from time to time.

47. Representation and Warranties of KSL: KSL's Internet Trading System has been approved by the Exchange. Where the Internet Trading system has not been approved by the Exchange, KSL has applied / proposed to apply to the Exchange to approve the said Internet Trading System and KSL will commence the KSL's Internet Trading Service only after the Exchange has approved KSL's Internet Trading System.

48. Extraordinary Events: KSL and / or its agents will not be liable for losses caused directly or indirectly by government restriction, Exchange or market rulings, suspension of trading, computer, communication, telephone or system failure, war, earthquakes, flood, accident, power failure, equipment or software

55

malfunction, strikes or any other conditions beyond KSL's control.

49. Internet based Trading: The Client understands and agrees that KSL may discontinue his Internet Trading Service in part or in its entirety and change the terms of the Service (including the terms on KSL's Internet Trading Website) at any time.

50. Closure of account by KSL: The client agrees that KSL may at any time terminate or suspend his account, the client also accepts that in view of the nature of dealings involved in providing the services it may not be possible for KSL to give advance notice of such termination or suspension to the client.

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

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


53. Amendments to the terms and conditions: KSL reserves the right to amend the terms and conditions herein contained with clients consent by adding, deleting, modifying or varying the provisions thereof by giving 15 days notice to the Client. In the event where the client has not objected to the revised terms and conditions within 15 days of receiving the notification, the same shall be binding on the client.

I / We hereby confirm to have read and understood the terms and conditions as mentioned above and agree to abide by the same.

For Khandwala Securities Limited

Authorised Signatory:__________________

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ACKNOWLEDGMENT

I/We hereby confirm and acknowledgement the receipt of the following documents:

1. Rights and obligations Document stating the Right & Obligations of stock broker / trading member, sub broker / Authorized person and client for trading on exchange (including additional right & obligations in case of internet / wireless technology based trading).

2. Risk Disclosure DocumentDocument detailing risks associated with dealing in the securities market.

3. Guidance NoteDocument detailing dos and don'ts for trading on exchange, for the educations of the investors.

4. Rights and Obligations of Beneficial Owners and depository participantDocument stating the rights and obligations of beneficial owners and depository participants.

5. KYC Form with Supporting Documents

DECLARATION ON MOBILE NUMBER / EMAIL ID

To,Khandwala Securities LimitedVikas Building, Ground Floor,Green Street, Fort, Mumbai 4000023

Subject: Mobile Number and Email Id Updation

Dear Sir/Madam,

With reference to Exchange circulars to update mobile number / email id before trading in stock market, I / we hereby declare that:

I/we do not have mobile number

I/we do not have Email id

I / we have mobile number / Email ID however does not wish to update and avail the facility.

Client code:



VOLUNTARY

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Experience Education Non-Metric SSC / HSC Graduate Lawyer Others Specify ________________________ Residential Details Owned Rented

NameRelationshipUCC

Please TickName of Firm

Nature of businessIS THE CLIENT POLITICALLY EXPOSED PERSON (PEP) OR RELATED TO A PEP YES NO If Yes, Please provide Below Menstioned Details Name Relationship

INFORMATION FOR PREVENTION OF MONEY LAUNDERING ACT, 2002(APPLICABLE TO INDIVIDUAL CLIENTS- FIRST HOLDER)

CLIENT DETAILSNumber of Years of Investment / Trading Experience Any other Information___________________

Do you intend to invest in stock market with : Own Funds Borrowed Funds Specify____________a) Primary Source Salary Business Others Specify _________________b) Secondary Source Royalties Rental Dividend Others Specify ___________________

Source of Income

(Fund Details)DETAILS OF RELATIVES, HAVING ACCOUNT WITH KHANDWALA SECURITIES LTD (Use Additional Sheet if more than 1 relatives having Khandwala Acc.)

PAN

OCCUPATION DETAILS / DETAILS OF CORPORATE / PARTNERSHIP FIRM / TRUST/TRUST ETC. WHERE CLIENT IS

Manufacturing Services Consultuncy Trading Others _________________

Occuptaion Corporate/ Partnership Firm / Trust Etc.

Address

Designation (If Occupation ) / relation with Firm (If corporate ) :

Politically Exposed Persons are individuals who are or have been entrusted with prominent public functions in a foreign country, e.g Heads of States of Governments ,senior politicians ,senior governments /judicial military officers, senior executives of state-owned corporations, important political party officials, etc. In addition, a ' Political Exposed Person' includes the immediate family members of a politically Exposed Person such as pouse, Children, parents and other relatives. Politically Exposed Person includes even close associates like advisors, secretaries and other associates of a Politically Exposed Person who conducted transactions on behalf a Politically Exposed Person.`

IN CASE OF JOINT ACCOUNT PLEASE PROVIDE BANK DETAILS FOR 2ND HOLDER & 3RD HOLDER

Sr. No. Particulars Bank Name Branch Name Branch Address Bank A/c No.

A/c Type (Current / Saving / NRI / NRE

/ NRO)

1Second HolderDetails

2Third HoldersDetails

MICR No.

Note : Client Has to Provide Bank proofs of all the Joint holders

I / We hereby declare that all information furnished above here is true and correct to the best of my/ our knowledge and belief and undertake to inform you any changes therein, immediately. In case any of the above information is found to be misleading or misrepresenting I am / we are aware that I / we my be held liable for it.


VOLUNTARY

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AUTHORISATION FOR ELECTRONIC STATEMENT

To, Date:Khandwala Securities Limited Vikas Building, Ground Floor, Green Street, Fort,Mumbai- 400 023

Sub: Letter of Authority Mandate of Issuance of Statement in electronic form.

Dear Sir/Madam

In reference to my/our dealing with you as your client, I/We confirm that:

1. I/We am/are desirous of receiving digital contract notes, bills, ledgers, and transaction statements, monthly/quarterly holding statement(s)/bills or other reports, statement(s), related notices, Circulars, amendments and such other documents from time to time in electronic form, subject to the terms and conditions prescribed by SEBI, the respective Stock Exchanges and Khandwala Securities Limited.

2. I/We further hereby confirm that we wish to receive / continue to receive the above statements/documents electronically on the following email addresses, which have been generated by me/us.

Primary E-mail

Secondary E-mail

3. I/We further hereby agree that Khandwala Securities Limited shall fulfill the legal obligation, if the above statement(s) are sent electronically to any of the above mentioned email account(s).

4. I/We further agree that you shall be entitled to consider non-receipt of any delivery failure notification by you as confirmation of delivery of the contract note at my/our email address.

5. I/We understand and agree that any change in my e-mail address shall be communicated to Khandwala Securities Limited by me through a duly signed request letter in original addressed to Khandwala Securities Limited.

6. I/We shall be liable for all trade related losses, damages and actions which may arise as consequences of adhering to and carrying out my/our directions given above.

I/We have read and understood all the above declaration / Terms and Conditions and agree to the same .

Thanking You,

Yours faithfully

(To be signed by person himself / herself not to be signed by his/her attorney / authorized person etc.)

D D M M Y Y Y Y


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(To be submitted by Nonresident customers at the time of account opening)

Undertaking for Non-Residents Customers

I/we ________________________________________am/are nonresident Indian(S) of Indian origin and are residing at ______________________________________________________________________________________ Phone __________________Mobile ___________________email__________________________(Please Furnish complete overseas Address including phone numbers and email address , if any ) and presently visiting India (strike out if not applicable ) do hereby solemnly affirm and declare that

1. I/we have voluntarily decided to avail product service offered to me/ us it services as mention.

2. I/we declare that Khandwala Securities Limited has neither solicited nor offered me/us its services as mention.

3. I/we am/are aware that the services of Khandwala securities limited are only available to such person who is residing in countries where investment in and trading of Indian stock exchange is permitted.

4. I/We further, unconditionally state declare that I/we shall comply with all applicable acts ,Rules, regulations etc.in the country/state/area where I/we am/are currently residing as well as all statutory and regulatory provisions enforced in India including but not limited to foreign exchange Management act, 2000, Reserve Bank of India Act,1934 and Securities and Exchange Board of India Act 1992 for trading on exchange, subscription of shares through initial public offering and investment in mutual funds registered in India.

5. I/we further undertake to not hold Khandwala Securities Limited, its officials, its successor assignees and the directors and offerer thereof and their respective heirs, educator and administrator and each of their estate and effects, liable against any claim, demand, suit, losses, damages, expenses and all sums of money that may be incurred, paid, suffered by me /us of whatsoever nature and all action and proceeding that may be field, taken or instituted against me/us by reason of my/our opening and operating the said trading account held with Khandwala Securities Limited or for my/our transaction on exchange through Khandwala securities limited or Khandwala Securities Limited's financials products and services .

I/we solemnly declare that the aforesaid statement are true and correct to the best of my /our knowledge and belief.

Place: ____________________

Date: ____________________


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BANKER VERIFICATION FORMAT TO ESTABLISH THE SIGNATURE PROOF OF THE CLIENT

Dated:

To,Khandwala Securities Limited Vikas Building, Ground Floor, Green Street, Fort,

Mumbai- 400 023

Dear Sir,

This is to certify that the Saving / Current Account No. ___________________________________________of

Mr./Ms.________________________________________________________________________ held jointly with

Mr./Mrs. ________________________________________________________________________with our branch,

has been active since ______________Year /months and the operation of the account has been satisfactory .

We further confirm that the signature herein bears true of the above mentioned person

Signed in my presence

Attested

Signature of the branch Manager

D D M M Y Y Y Y


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SELF DECLARATION

Dated:

To,

Khandwala Securities Limited

Vikas Building Ground Floor,

Green Street, fort,

Mumbai 400023

I Mr./Mrs./Ms. __________________________________________________, state and declare that my name has

been misspelt as_____________________________________________________________________________ in

_______________________________________________________________.

I desire to open a Trading account with you under the name ____________________________ although my name is

__________________________________________________ however the same is incorrectly mentioned as

___________________________________ in the ____________________________________________.

I hereby agree and confirm that what is stated above is true and correct information. I hereby agree to indemnify and

keep Khandwala Securities Limited indemnified at all times from and against all costs, charges, damages, penalties

(including reasonable attorneys fees) suffered and/or incurred by Khandwala Securities Limited for any act done or

omitted to be done based on the above declaration.

_____________________________________________

ADD_________________________________________

_____________________________________________

_____________________________________________

D D M M Y Y Y Y


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RISK CATEGORIZATION FORM

(To be filled by sales executive sourcing the account)

Name of the Client: ______________________________________________________________________________

If the occupation ids business,

1. Describe the Business in detail:_________________________________________________________________

2. Whether business involves generation of huge amount of cash YES NO

Risk categorization of client (tick what is applicable): Platinum Gold Silver

(refer risk categorization matrix mention at back )

If risk id medium or high, reason thereof: _____________________________________________________________

(Select from the option given in the risk Categorization matrix and give more details)

Approximate expected annual turnover of the client (in Rs. Crores)_______________________________________

Delivery :

Square off Or F&O :

Any other information considered relevant from AML perspective: ________________________________________

______________________________________________________________________________________________

Employee name / Sales Executive name (Sourcing the Application):________________________________________

Employee Code /Sales Executive Code:_______________________________________________________________

•

•

Application Form No.

(For Internal use)

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RISK CATEGRORIZATION MATRIX

PLATINUM

Sr. No. Type of client

1. Non Resident clients

2. Trust, Charities, NonGovernment Organizations (NGOs) and Organizations receiving donations.

3. Public Companies having close family shareholdings or Beneficial Ownership or Private Companies.

4. Politically Exposed Persons (PEP): politically exposed persons are individuals who are or have been entrusted with prominent public functions in a foreign country, e.g. Heads or of Governments, senior politicians senior government / judicial / military officers, senior executives of state-owned corporations, important political party official etc. Or family members / close relative of such PEP.

5. Companies offering foreign exchange offerings.

6. Client in risk countries where existence / effectiveness of money laundering controls is suspect, where there is unusual banking secrecy, countries active in narcotics production, countries where corruption (as per Transparency international Corruption Perception index) is highly prevalent, countries against which government sanctions are applied, country reputed to be any of the following - Havens / sponsors of international terrorism, offshore financial centers, tax havens, countries where fraud is highly prevalent.

7. Client with dubious reputation as per public information available / against whom penal action taken or debarred by SEBI in the past etc.

8. Persons in business / industry or trading activity where the area of his residence or place of business has a scope or history of unlawful trading / business activity.

GOLD

1. Partnership firms

2. Unlisted companies with less than 2 years from the date of incorporation

SILVER

1. Any other entities / person not falling in categories above

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MUTUAL FUND SERVICE SYSTEM FACILITY / BSE STAR MF

To, Khandwala Securites LimitedVikas Building, Ground Floor,Green Street, Fort, Mumbai - 400023

Sub: Client / investor consent on terms and conditions for dealing in mutual fund service system (MFSS)

facility / BSE Star MF or mutual fund facility offered by SEBI recognized stock Exchange from time (hereinafter

jointly referred to “mutual fund transaction facility')

Dear Sir,

I / We am / are registered as your client and have executed Know Your Client (KYC) form and certain other document

for the purpose of trading in securities market on the recognized stock Exchange (herein after referred as “Exchange”).

I / We am / are interested in availing the trading facility of the Exchange for the purpose of dealing in the units of

Mutual Funds Schemes permitted to be dealt with on the SEBI recognized Stock Exchange.

For the purpose of availing Mutual Fund Transaction Facilities, I / we state that KYC details as submitted by me / us for

the stock broking may be considered for the purpose of Mutual fund transaction facilities and I / we confirm that the

details contained in the same remain unchanged as on date.

I / We am / are willing to abide by the terms and conditions as mentioned in the circulars as may be specified by the

Exchanges from time to time in this regard.

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

exchange board of India and Association of Mutual Funds of India (AMFI).

I / We shall read and understand the contents of the scheme information document and key information

memorandum, addendum issued regarding each Mutual Fund Schemes with respect to which I / we choose to

subscribe / redeem. I / We further agree to abide by the terms and condition, rules and regulations of the Mutual Fund

Schemes.

I / We confirm to have read & understood the terms & conditions for using Mutual Fund transaction facilities as stated

in KYC handout (customer copy). I / We therefore request you to register me / us as your client for participating in

Mutual Fund Transaction Facilities.

I have read and understood the above and I agree to abide by the same.

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VOLUNTARY


CHECKLISTType of A/c Type of KYC proofs Proof Required & acceptable Validity Period

Resident Individual Pan Card Pan Card with photographof applicant N.A.

Photograph Photograph of Applicantpasted and signed across N.A.

Identity Proof Unique Identification Number (UID) N.A.Passport Valid on date of Account OpeningVoter ID N.A.Driving License Valid on date of Account OpeningID Card issued by Central/State Government and its DepartmentsID Card issued by Professional bodies such as ICAI, ICWAI, CISI,Bar Council etc., to their MembersCredit cards / Debit cards issued by banksProofs accepted with approval - Refer Table A

Address Proof Unique Identification Number (UID) N.A.Ration Card N.A.Passport Valid on date of Account OpeningVoter ID Card N.A.Driving Licence Valid on date of Account OpeningRegistered Lease or sale agreement of Residence Valid on date of Account OpeningLandline Telephone Bill not more than 3 months old on

date of account openingElectricity Bill not more than 3 months old on

date of account openingBank Account Statement / Passbook not more than 3 months old on

date of account openingProof of address issued by any of the following:1. Bank managers of Scheduled CommercialBanks/Scheduled Co-Operative Bank / Multinational Foreign Banks2. Document with address, issued by any of the following : Central/State Government andits Departments, and Professional Bodies suchas ICAI, ICWAI, ICSI, Bar Council etc.,to their Members.

Proofs accepted with approval - Refer Table A

Bank Proof Copy of personalised cancelled cheque leafspecifying the MICR Code or/and IFSCCode of the bank N.A.

In case of non personalised cancelled chequeleaf additionally pass book/bank statementnot more than 3 months old N.A.

Demat Proof Demat Client master or recent holding DP holding statement not morestatement issued by DP bearing name than 3 months old on date of of the client account opening

Income Proof fortrading in derivativessegments Copy of latest ITR Acknowledgement N.A.

Copy of latest Annual Accounts N.A.Salary Slip or Copy of Form 16 Preferably recently issued salary

slip or form 16Net worth certificate Issued as on last financial

year or latestBelow mentioned documents withSelf declaration N.A.

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CHECKLISTType of A/c Type of KYC proofs Proof Required & acceptable Validity Period

a) Copy of Demat Account Holding statement.b) Bank Account Statement for last 6 monthsc) Any other relevant documents substantiating ownership of assets

NRI Pan Card Same as Resident IndividualPhotograph Same as Resident IndividualIdentity Proof Same as Resident IndividualAdditional Document Passport with visa copy/PIO Card/OCI Card Valid on date of Account Opening

“Foreign address Proof”1. Passport Valid on date of Account Opening2. Driving Licence Valid on date of Account Opening3. Bank Statement/Passbook not more than 3 months old on

date of account opening4. Electricity Bills/ Landline Telephone bill not more than 3 months old on

date of account opening5. Registered Lease or sale Agreement of ResidencePINS Permission Copy N.A.

In case of Merchant Navy NIR’s Mariner’sdeclaration or certified copy of CDC(Continuous Discharge Certificate)is to be submitted N.A.

Residence /Local Address proof Same as Resident IndividualBank Proof Same as Resident IndividualDemat Proof Same as Resident Individual

Type of A/c Type of KYC proofs Proof acceptableResident Individual Identity Proof Identity card / document with applicant’s Photo, (allowed only if PAN & other ID

issued by any of the following : proof’s are not clear or minormismatch in name)

a) Statutory / Regulatory Authoritiesb) Public Sector Undertakingsc) Scheduled Commercial Bankse) Public Financial Institutionsf ) Colleges affilated to Universities

Address Proof Flat Maintenance billInsurance copyGas bill (not more than 3 months old)

Self declaration by High court and Supreme Court judges, giving the new address inrespect of their own account.

The proof of address in the name of the spousemay be accepted subject to marriage affidavitor marriage certificate is provided

Proof of address issued by any of following :Gazetted Officer/Notary public/Electedrepresentative to the Legislative Assembly/

Parliament/Documents issued by any Govt.or Statutory Authority.

Identity card/document with address, issuedby any of the following: Statutory/RegulatoryAuthorities, Public Sector Undertakings, ScheduledCommercial Banks, Public Financial Institutions,Colleges affiliated to Universities

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Note1 a. Copies of all the documents submitted by the applicant should be self-attested.

b. All documents submitted by the client should be verified with original by Khandwala Securities Limited employee / Registered Sub broker / Registered Authorised Person In case the original of any document is not produced for verification, then the copies should be properly attested by entities authorized for attesting the documents

Authorised Entity for Attestation : Authorised Entity for Attestation : Resident Individual Non Resident Individual

Notary Public or Gazetted Officer or Authorized officials of overseasManager of a Scheduled Commercial/ branches of ScheduledCo-operative Bank or Multinational Foreign Commercial Banks registered inBanks (Signature, Name, Designation & Seal India or Notary Public, Courtshould be affixed on the copy)" Magistrate or Judge or Indian

Embassy /Consulate General inthe country where the clientresides(Signature, Name, Designation & Seal should be affixed on the copy)"

2 Exemptions/ clarifications to PAN1 Investors residing in the state of Sikkim2 SIP of Mutual Funds upto Rs 50, 000/- p.a

Reference to checklistDP: NSDL Circular No. NSDUPI/2004/1622 dated September 7,2004 pursuant to SEBI Circular No. MRD/DoP/Dep/Cir-29/2004 dated August 24,2004 Trading: SEBI Circular No -CIR/MIRSD/16/2011 dated August 22,2011

• Name & address of the applicant mentioned on the KYC form, should match with the documentary proof submitted.

• Sole proprietor must make the application in his individual name & capacity.

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

• For foreign entities, CIN is optional; and in the absence of DIN no. for the directors, their passport copy should be given.

• Self attested copy of PAN card is mandatory for all clients, including Promoters/Partners/Karta/Trustees and whole time directors and persons authorized to deal in securities on behalf of company/firm/others

• If correspondence & permanent address are different, then proofs for both have to be submitted.

• If any proof of identity or address is in a foreign language, then translation into English is required.

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Branch Office AddressPune Office: C-8/9, Dr. Herekar Park, Near Kamala Nehru Park,

Off. Bhandarkar Road, Pune - 411 004.Tel.: 91-20-2567 1404/06; Fax: 91-20-25671405

Email id: operations @ kslindia.com