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MEMBER CLIENT AGREEMENT

 

This agreement is made at Mumbai on this _____day of _______________________ between VALIA CONSULTANCY (member of National Stock Exchange of India Ltd. with SEBI Registration No.: INB 230636230), hereinafter called MEMBER and having its registered office at 62 Mahavir Darshan, 5th. floor, 412 Bhandari Street, Masjid Bunder, Mumbai 400 003, and

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a individual / company / trust / firm or any other body duly formed and registered under the relevant Act, hereinafter called the CLIENT, having its residence/registered office at

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WITNESSTH :

Whereas the MEMBER is registered as TRADING MEMBER of National Stock Exchange of India Ltd. (hereinafter called Exchange) with SEBI Registration No. : INB 230636230.

Whereas the CLIENT is desirous of investing/trading in those securities admitted for dealing on the Exchange as defined in the Bye-Laws of the Exchange.

Whereas the CLIENT has satisfied itself of the capability of the MEMBER to deal in securities and wishes to execute his orders through him and the CLIENT shall continue to satisfy itself of such capability of the MEMBER before executing orders through him.

Whereas the MEMBER has satisfied and shall continuously satisfy himself about the genuineness and financial soundness of the CLIENT and investment objectives relevant to the services to be provided.

Whereas the MEMBER has taken steps and shall take steps to make the CLIENT aware of the precise nature of the MEMBER liability for business to be conducted, including any limitations on that liability and the capacity in which it acts.

In consideration of the mutual understanding as set forth in this agreement, the parties thereto have agreed to the following terms and conditions :

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

2.All dealings, trades, transactions and contracts, etc. of the CLIENT with the MEMBER shall always be subject to Government notifications, any rules, regulations and guidelines issued by SEBI and Stock Exchange rules, regulations and bye-laws that may be in force from time to time.

3.The MEMBER shall carry out all the transactions on the Exchange on behalf of the CLIENT and CLIENT agrees to keep the MEMBER fully indemnified for any consequences, both monetarily and otherwise, at any time for any of their transactions and deliveries of securities (including of fake / forged / lost / stolen / counterfeit / misplaced / stop transfer etc. securities) carried out by the MEMBER on the Exchange.

4. The MEMBER shall charge agreed brokerage / commission / service charge in consideration of rendering services to the CLIENT for their dealings on the Exchange.

5. The MEMBER shall charge to CLIENT any taxes, duties, penalties, finance charges, auction differences, etc. or any other charges as levied by the Exchange, government, semi government or any authorities and CLIENT hereby irrevocably agrees with the MEMBER to reimburse the same on demand.

6. In the event of any default by the CLIENT, the MEMBER reserves the right to carry out any action as may be required including, but not limited to, setting off of the amount payable to the CLIENT, closing out of the CLIENT’s position or selling off of the securities received / receivable on behalf of or from the CLIENT. All such actions and any consequences thereof will be fully on behalf of the CLIENT.

7. It will be the responsibility of the CLIENT to keep track of their dealings on the Exchange with the MEMBER and settle their obligations on their respective due dates.

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

9. The agreement entered into between the MEMBER and the CLIENT shall stand terminated by mutual consent of the parties by giving at least one month written notice. Such cancellation or termination shall not have any effect on transaction executed before the date of such notice of termination and the parties shall enjoy the same rights and shall have same obligations in respect of such transactions.

10.The instructions issued by representative of the CLIENT shall be binding on the CLIENT.

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

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

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

Signed for and on behalf of

MEMBER: VALIA CONSULTANCY CLIENT:
By: Mr. Jayesh D. Valia By:
Signature: Signature:

Title: Partner Title:
Witness name: Witness name:
Witness Sign.: Witness Sign.:
Witness addr.: Witness addr.:

INDIVIDUAL CLIENT REGISTRATION APPLICATION FORM

To,

Valia Consultancy
62 Mahavir Darshan, 5th. floor
412 Bhandari Street, Masjid Bunder
Mumbai 400 003
SEBI Registration No : INB 230636230

Dear Sir,

We request you to register us as your CLIENT. In this regard the following information is furnished :

1. Name :

2. Address, Telephone/Fax numbers :

  1. Residence :

  2. Office :

  • Other Details :

    1. Date of Birth :

    2. Sex : Male/Female

    3. Educational Qualification :

    4. Occupation :

    5. Residential Status : Resident Indian/Non-Resident Indian/Others

    6. Particulars of the Bank Account

    (Please submit a letter from the banker certifying account number and the period from which this account is in operation)
    1. Annual Income in last three years :

    2. Income Tax No. (PAN/GIR) :

    3. Market Value of portfolio as on _________ :

    4. Whether registered with any other broker-member/Sub-broker :
    1. Introduced by :
    1. Copy of any two of the following proof of identity should be submitted :

    15. DEMAT A/C No.:

          DP ID :

          DP Name & Address :

    Accept our orders / instructions on phone. All such orders / instructions will be binding on us. We do not wish to receive our trade / order / cancellation / modifications, etc. slips from you. You can collect the amount payable by us from any credit standing into our account or from our forthcoming credits coming to you.

    You can collect any deliveries to be made by us from our deliveries already with you or from our forthcoming deliveries coming to you.

    All our orders placed with you are on our own account and not on behalf of any other parties/CLIENTs. The information furnished above is true to the best of my knowledge and belief, and I undertake to inform you of any changes therein immediately in writing. I am agreeable to enter into agreement to abide by your terms and conditions.

    Place : Signature :
    Date : Name :
    Note :
    1. Each CLIENT has to use one registration form. In case of joint names/family members please submit separate form for each person.

    2. Original documents may be verified at the time of filing of application.

    3. The information given above would be confidential. However, if the information is required by any government agency, it may be given to them.

    NON-INDIVIDUAL CLIENT REGISTRATION APPLICATION FORM

    To,

    Valia Consultancy 62 Mahavir Darshan, 5th. floor 412 Bhandari Street, Masjid Bunder Mumbai 400 003
    SEBI Registration No : INB 230636230

    Dear Sir,

    We request you to register us as your CLIENT. In this regard the following information is furnished :

    1. Name of the Company/Firm :

    2. Address, Telephone/fax numbers :

    1. Registered Office

    2. Correspondence Office

    Other Details :

    1. Date of Incorporation :

    2. Date of Commencement of Business :

    3. Copy of Memorandum and Articles of Association/Partnership deed :

    4. Details of Promoters/Partners/Key Managerial Personnel of the Company/Firm : (as per Annexure - A )

    5. Copies of the Annual Report of last three years : (If company has not completed three financial years of its operation, copy of annual reports for such completed financial years.)

    6. Net Worth (certified) as on ___________ (Excluding revaluation Reserves) :

    7. Particulars of the Bank Account from which the Company will carry out the transactions :

    (Please submit a letter from the banker certifying account number and the period from which this account is in operation)

    10. Introduced by :

    1. Income Tax Number of the Company :


    2. Annual Income in the past three years :

    3. Market Value of the Portfolio as on _________ :

    4. Whether registered with any other broker - member/sub-broker :

    1. DEMAT A/C No.:
      DP ID :
      DP Name & Address :

    Accept our orders / instructions on phone. All such orders / instructions will be binding on us. We do not wish to receive our trade / order / cancellation / modifications, etc. slips from you. You can collect the amount payable by us from any credit standing into our account or from our forthcoming credits coming to you.

    You can collect any deliveries to be made by us from our deliveries already with you or from our forthcoming deliveries coming to you.

    All our orders placed with you are on our own account and not on behalf of any other parties/CLIENTs. The information furnished above is true to the best of my knowledge and belief, and I undertake to inform you of any changes therein immediately in writing. I am agreeable to enter into an agreement to abide by your terms and conditions.

    Place :

    Authorised Signatory with Seal :

    Date :

    Name :

    Note :

    1. Original documents may be verified at the time of filing of application.
    2. The information given above would be confidential. However, if the information is required by any government agency, it may be given to them.

    Annexure - A (enclosed to the application form of )

    Name :
    Designation :
    Residential Address :
    Telephone No. :
    Qualification :
    Experience :
    Equity Stake :
    Income Tax No. (PAN/GIR) :
    Bank Account Details : (Name of the Bank, Address, Account No.)
    (Any one of the following proof of identity should be submitted
    Passport No. :

    Checklist of Enclosures of Corporate CLIENTs :

    Details of the Corporate Entity :

    1. Copy of Memorandum and Articles of Association.
    2. Copies of Annual Reports of last three years.
    3. Net Worth Certificate by a Chartered Accountant
    4. Letter from the Banker, certifying the Account Number and the period from which this Account is in operation.
    5. Copy of Income Tax return.

    Personal Details of Promoters/Directors :

    1. Copy if Income Tax return.

    2. Salary Certificate.

    3. Proof of Residence (Copy of Passport/Ration Card/Driving license/Voters Identity Card)

    4. Letter from the Banker certifying the Account Number.

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