Account Opening Form - Alpari UK

WelcomeDear Investor,Greetings from Alpari Financial Services (India) Pvt. Ltd.Alpari Financial Services (India) Pvt. Ltd.76 C, 3 North Avenue,Makermaxity,Bandra Kurla Complex,Bandra East,Mumbai - 400 051.T: +91-22-33003777F: +91-22-33673001E: info@alpari.co.inW: www.alpari.co.inThank you for choosing Alpari Financial Services (India) Pvt. Ltd. as a preferred partner for trading incurrency derivatives segment of Indian currency exchanges. We value this patronage of yours and assureyou that it will be a relationship that you will always cherish and assure you that we will strive to assist you inthe best possible manner for all your investment related needs.We are leading global Financial Services company offering Currency Trading services to retail andinstitutional clients in India. With comprehensive market research and educational tools, we strive to help ourcustomers to take informed and responsible trading decisions. Alpari (India) formerly known as Alpari Forex(India) Pvt. Ltd. is a 100% subsidiary of Alpari (UK) Ltd, which is a part of Alpari group of Companies. Thegroup of Alpari companies has more than 50 offices in over 20 countries. Locations include London, NewYork, Tokyo, Shanghai, Dubai, Moscow, Mumbai and Frankfurt. Combined, the companies look after over170,000 active Live trading accounts, generating monthly trading volumes in excess of $210 billion, andemploy over 630 people worldwide.This form, is Know Your Client “KYC” form, which is required to be filled by you. This form contains riskdisclosure documents for your understanding of risks when you invest in currency markets. We request youto go through this form in detail to enhance your investment experience and before you start filling it.We would also urge you to provide us with your email address so that your accounts and contact informationcan be sent to you electronically. As a company we pledge our efforts for the green revolution and do notencourage sending contract notes physically. This is our simple effort to make our world greener.We request you to return this form with all necessary supporting documents to ensure speedy processing.For more details, do visit our website www.alpari.co.in for an update on the currency market. This formshould be completed in all respects.We once again thank you for patronizing us.Alpari Financial Services (India) Pvt. Ltd.Pramit BrahmbhattCEO

Member InformationName of trading member/clearing member :Alpari Financial Services (India) Pvt. Ltd.SEBI Registration No. and date :NSE CDS Date : 5th April, 2010, INE231376935MCX-SX Date : 25th May, 2010, INE261383637, USE Date : 12th May, 2010, INE271381233Registered office address:Office No. 13, 2nd floor,Siddharth Complex,Opp. Silvassa Police Station,Silvassa, Dadra and Nagar Haveli - 396 230Ph : +91-22-3367 3000Fax :+91-22-33673001Website : www.alpari.co.inCorrespondence office address :76 C, 3 North Avenue,Maker Maxity,Bandra Kurla Complex, Bandra (E),Mumbai - 400 051, IndiaPh : +91-22-3367 3000Fax :+91-22-6156 3001Website : www.alpari.co.inCompliance officer name, phone no. & email id:Name : Prakash Koradia, Phone : 079-3092 4064, E-mail : pkoradia@alparifutures.co.inCEO name, phone no. & email id:Name : Pramit Brahmbhatt, Phone : +91-79-3300 3777 E-mail : pbrahmbhatt@alpari.co.inFor any grievance/dispute please contact stock broker (Alpari Financial Services (India) Pvt. Ltd.) at theabove address or email id- grievances@alparifutures.co.in and Phone no. 91-079-4028-4000. In casenot satisfied with the response, please contact the concerned exchange(s) at :NSE : Tel No: 022-26598190 Fax No: 022-26598191 E-mail : ignse@nse.co.in ,MCX-SX : Tel No: 022-67319000 Fax 022-67319004 Email: investorcomplaints@mcx-sx.com,USE: Tel No : 022-42444932 022-22728312 Email:investorcomplaints@useindia.com

KNOW YOUR CLIENT (KYC) APPLICATION FORMPlease fill this form in ENGLISH and in BLOCK LETTERS.For Non - IndividualsA. IDENTITY DETAILS1. Name of the Applicant : _____________________________________________________2. Date of incorporation: ________(dd/mm/yyyy) & Place of incorporation: _______________3. Date of commencement of business: _____________________________________________(dd/mm/yyyy)4. a. PAN: _______________________________ b. Registration No. (e.g. CIN) : ______________________________5. Status (please tick any one) : Private Limited Co./Public Ltd. Co./Body Corporate/Partnership/Trust/Charities/NGO'sFI/ FII/HUF/AOP/ Bank/Government Body/Non-Government Organization/Defense Establishment/BOI/Society/LLP/Others (please specify) __________________________________________________________________________B. ADDRESS DETAILS1. Address for correspondence : ____________________________________________________________________________________________________________________________________________________________________City/town/village : _____________________Pin Code: __________ State : ____________ Country : ____________2. Contact Details : Tel. (Off.) _________________ Tel. (Res.) ________________Mobile No. : ___________________Fax : _____________________Email id: ____________________________3. Specify the proof of address submitted for correspondence address:_______________________________________4. Registered Office Address (if different from above or overseas address, mandatory for Non-Resident Applicant) :______________________________________________________________________________________________________________________________________________________________________________________________City/town/village : ___________Pin Code : _____________State : ______________ Country : _________________5. Specify the proof of address submitted for Registered office address : _____________________________________C. OTHER DETAILS1. Gross Annual Income Details (please specify): Income Range per annum: Below Rs 1 Lac / 1-5 Lac /5-10 Lac / 10-25Lac / 25 Lacs-1 crore/ > 1 crore2. Net-worth as on (date)…………………. (------------------------------) (*Net worth should not be older than 1 year)3. Any other information : ___________________________________________________________________________DECLARATIONI/We hereby declare that the details furnished above are true and correct to the best of my/our knowledge and belief andI/we undertake to inform you of any changes therein, immediately. In case any of the above information is found to befalse or untrue or misleading or misrepresenting, I am/we are aware that I/we may be held liable for it.Name & Signature of the Authorised SignatoryDate: ___________ (dd/mm/yyyy)FOR OFFICE USE ONLY(Originals verified) True copies of documents received(Self-Attested) Self Certified Document copies received(………………………………………..)Signature of the Authorised SignatoryDate ………………….Seal/Stamp of the Authorised Person2

Details for each Director / Partner / Karta ofHUF / Authorised Signatory / TrusteesName :_____________________________________________________________________Designation :________________________________________________________________Residential Address :_____________________________________________________________________________________________________________________________________PHOTOGRAPHPlease affix yourrecent passportsize photographand sign across itTelephone : _________________________________________________________________Qualification : _______________________________________________________________Experience : ____________________________________________________________________________________Equity Stake : ___________________________________________________________________________________Income Tax No. (PAN/GIR) :________________________________________________________________________DIN / UID No. : __________________________________________________________________________________Politically Exposed Person / ________________________________________________________________________related to a politically exposed person :Any other information : ____________________________________________________________________________Place : ______________________________________Name : __________________________________________Date : ____________________________Signature :Name :_____________________________________________________________________Designation :________________________________________________________________Residential Address :_____________________________________________________________________________________________________________________________________Telephone : _________________________________________________________________PHOTOGRAPHPlease affix yourrecent passportsize photographand sign across itQualification : _______________________________________________________________Experience : ____________________________________________________________________________________Equity Stake : ___________________________________________________________________________________Income Tax No. (PAN/GIR) :________________________________________________________________________DIN / UID No. : __________________________________________________________________________________Politically Exposed Person / ________________________________________________________________________related to a politically exposed person :Any other information : ____________________________________________________________________________Place : ______________________________________Name : __________________________________________Date : ____________________________Signature :3

A. IMPORTANT POINTSINSTRUCTIONS/CHECK LIST FOR FILLING KYC FORM1. Self attested copy of PAN card is mandatory for all clients, including Promoters/Partners/Karta/Trusteesand whole time directors and persons authorized to deal in securities on behalf of company/firm/others.2. Copies of all the documents submitted by the applicant should be self-attested and accompanied byoriginals for verification. In case the original of any document is not produced for verification, then thecopies should be properly attested by entities authorized for attesting the documents, as per the belowmentioned list.3. If any proof of identity or address is in a foreign language, then translation into English is required.4. Name & address of the applicant mentioned on the KYC form, should match with the documentary proofsubmitted.5. If correspondence & permanent address are different, then proofs for both have to be submitted.6. Sole proprietor must make the application in his individual name & capacity.7. For non-residents and foreign nationals, (allowed to trade subject to RBI and FEMA guidelines), copy ofpassport/PIO Card/OCI Card and overseas address proof is mandatory.8. For foreign entities, CIN is optional; and in the absence of DIN no. for the directors, their passport copyshould be given.9. In case of Merchant Navy NRI's, Mariner's declaration or certified copy of CDC (Continuous DischargeCertificate) is to be submitted.10. For opening an account with Depository participant or Mutual Fund, for a minor, photocopy of the SchoolLeaving Certificate/Mark sheet issued by Higher Secondary Board/Passport of Minor/Birth Certificate mustbe provided.11. Politically Exposed Persons (PEP) are defined as individuals who are or have been entrusted withprominent public functions in a foreign country, e.g., Heads of States or of Governments, senior politicians,senior Government/judicial/ military officers, senior executives of state owned corporations, importantpolitical party officials, etc.B. Proof of Identity (POI) : List of documents admissible as Proof of Identity :1. Unique Identification Number (UID) (Aadhaar)/ Passport/ Voter ID card/ Driving license.2. PAN card with photograph.3. Identity card/ document with applicant's Photo, issued by any of the following: Central/State Governmentand its Departments, Statutory/Regulatory Authorities, Public Sector Undertakings, Scheduled CommercialBanks, Public Financial Institutions, Colleges affiliated to Universities, Professional Bodies such as ICAI,ICWAI, ICSI, Bar Council etc., to their Members; and Credit cards/Debit cards issued by Banks.4

C. Proof of Address (POA): - List of documents admissible as Proof of Address:(*Documents having an expiry date should be valid on the date of submission.)1. Passport/ Voters Identity Card/ Ration Card/ Registered Lease or Sale Agreement of Residence/ DrivingLicense/ Flat Maintenance bill/ Insurance Copy.2. Utility bills like Telephone Bill (only land line), Electricity bill or Gas bill - Not more than 3 months old.3. Bank Account Statement/Passbook -- Not more than 3 months old.4. Self-declaration by High Court and Supreme Court judges, giving the new address in respect of their ownaccounts.5. Proof of address issued by any of the following: Bank Managers of Scheduled CommercialBanks/Scheduled Co-Operative Bank/Multinational Foreign Banks/Gazetted Officer/Notary6. Identity card/document with address, issued by any of the following: Central/State Government and itsDepartments, Statutory/Regulatory Authorities, Public Sector Undertakings, Scheduled CommercialBanks, Public Financial Institutions, Colleges affiliated to Universities and Professional Bodies such asICAI, ICWAI, ICSI, Bar Council etc., to their Members.7. For FII/sub account, Power of Attorney given by FII/sub-account to the Custodians (which are dulynotarized and/or apostiled or consularised) that gives the registered address should be taken.8. The proof of address in the name of the spouse may be accepted.D. Exemptions/clarifications to PAN(*Sufficient documentary evidence in support of such claims to be collected.)1. In case of transactions undertaken on behalf of Central Government and/or State Government and byofficials appointed by Courts e.g. Official liquidator, Court receiver etc.2. Investors residing in the state of Sikkim.3. UN entities/multilateral agencies exempt from paying taxes/filing tax returns in India.4. SIP of Mutual Funds upto Rs 50, 000/- p.a.5. In case of institutional clients, namely, FIIs, MFs, VCFs, FVCIs, Scheduled Commercial Banks, Multilateraland Bilateral Development Financial Institutions, State Industrial Development Corporations, InsuranceCompanies registered with IRDA and Public Financial Institution as defined under section 4A of theCompanies Act, 1956, Custodians shall verify the PAN card details with the original PAN card and provideduly certified copies of such verified PAN details to the intermediary.E. List of people authorized to attest the documents :1. Notary Public, Gazetted Officer, Manager of a Scheduled Commercial/ Co-operative Bank or MultinationalForeign Banks (Name, Designation & Seal should be affixed on the copy).2. In case of NRIs, authorized officials of overseas branches of Scheduled Commercial Banks registered inIndia, Notary Public, Court Magistrate, Judge, Indian Embassy /Consulate General in the country wherethe client resides are permitted to attest the documents.5

F. In case of Non-Individuals, additional documents to be obtained from non-individuals, over &above the POI & POA, as mentioned below:Types of entityCorporatePartnership firmTrustHUFUnincorporatedassociation or a body ofindividualsBanks/InstitutionalInvestorsForeign InstitutionalInvestors (FII)Army/ GovernmentBodiesRegistered SocietyDocumentary requirements? Copy of the balance sheets for the last 2 financial years (to be submittedevery year).? Copy of latest share holding pattern including list of all those holdingcontrol, either directly or indirectly, in the company in terms of SEBItakeover Regulations, duly certified by the company secretary/Whole timedirector/MD (to be submitted every year).? Photograph, POI, POA, PAN and DIN numbers of whole timedirectors/two directors in charge of day to day operations.? Photograph, POI, POA, PAN of individual promoters holding control -either directly or indirectly.? Copies of the Memorandum and Articles of Association and certificate ofincorporation.? Copy of the Board Resolution for investment in securities market.? Authorised signatories list with specimen signatures.? Copy of the balance sheets for the last 2 financial years (to besubmitted every year).? Certificate of registration (for registered partnership firms only).? Copy of partnership deed.? Authorised signatories list with specimen signatures.? Photograph, POI, POA, PAN of Partners.? Copy of the balance sheets for the last 2 financial years (to be submittedevery year).? Certificate of registration (for registered trust only).? Copy of Trust deed.? List of trustees certified by managing trustees/CA.? Photograph, POI, POA, PAN of Trustees.? PAN of HUF.? Deed of declaration of HUF/ List of coparceners.? Bank pass-book/bank statement in the name of HUF.? Photograph, POI, POA, PAN of Karta.? Proof of Existence/Constitution document.? Resolution of the managing body & Power of Attorney granted to transactbusiness on its behalf.? Authorized signatories list with specimen signatures.? Copy of the constitution/registration or annual report/balance sheet forthe last 2 financial years.? Authorized signatories list with specimen signatures.? Copy of SEBI registration certificate.? Authorized signatories list with specimen signatures.? Self-certification on letterhead.? Authorized signatories list with specimen signatures.? Copy of Registration Certificate under Societies Registration Act.? List of Managing Committee members.? Committee resolution for persons authorised to act as authorisedsignatories with specimen signatures.? True copy of Society Rules and Bye Laws certified by theChairman/Secretary.6

A. BANK ACCOUNT(S) DETAILSTRADING ACCOUNT RELATED DETAILSFor Individuals & Non-individualsBank NameBranchAddressBankAccount no.Account Type:Saving/Current/Others-In case ofNRI/NRE/NROMICRNumberIFSCcodeB. DEPOSITORY ACCOUNT(S) DETAILSDepositoryParticipant NameDepositoryName(NSDL/CDSL)BeneficiarynameDP IDBeneficiary ID(BO ID)C. TRADING PREFERENCES*Please sign in the relevant boxes where you wish to trade. The segment not chosen should be struck offby the client.Exchanges Segments Client SignatureNSE Currency DerivativesMCX-SX Currency DerivativesUSE Currency Derivatives# If, in future, the client wants to trade on any new segment/new exchange, separate authorization/lettershould be taken from the client by the stock broker.D. PAST ACTIONSDetails of any action/proceedings initiated/pending/ taken by SEBI/ Stock exchange/any other authorityagainst the applicant/constituent or its Partners/promoters/whole time directors/authorized persons incharge of dealing in securities during the last 3 years: ……………………………………………………………………………………………..E. DEALINGS THROUGH SUB-BROKERS AND OTHER STOCK BROKERSIf client is dealing through the sub-broker, provide the following details:Sub-broker's Name: …………………………….…........................................................................................SEBI Registration number: ………………………….…. ...............................................................................Registered office address: ……………………..…... ……………………..….……………………..….…………Ph: …….… ........................Fax: ……….…. .............................Website: …………………. ..........................Whether dealing with any other stock broker/sub-broker (if case dealing with multiple stock brokers/subbrokers,provide details of all)Name of stock broker:……………………………………………......................................................................Name of Sub-Broker, if any:…………………………..….................................................................................Client Code: …………………………….Exchange: …………………………………………….………………...Details of disputes/dues pending from/to such stock broker/sub- broker: ……………………….………………….……… .........................................................................................................................................................................................................................................................................................................................7

F. ADDITIONAL DETAILSWhether you wish to receive physical contract note or Electronic Contract Note (ECN) (please specify) :……………....................................................................................................................................................Specify your Email id, if applicable: …………………………………………………………………………………………............................................................................................................................................................Whether you wish to avail of the facility of internet trading/ wireless technology (please specify) :………………………......................................................................................................................................Number of years of Investment/Trading Experience : ……………………………………………………………In case of non-individuals, name, designation, PAN, UID, signature, residential address and photographsof persons authorized to deal in securities on behalf of company/firm/others:………………………………………………………….. ....................................................................................………………………………………………………….. ....................................................................................………………………………………………………….. ....................................................................................Any other information: ………………………………………………………………………………………………G. INTRODUCER DETAILS (optional)Name of the Introducer:………………………………………………………………………………………………………………..............(Surname) (Name) (Middle Name)Status of the Introducer: Sub-broker/Remisier/Authorized Person/Existing Client/Others, pleasespecify…………………….............................................................................................................................Address and phone no. of the Introducer:………………………………………………………….. ....................................................................................………………………………………………………….. ....................................................................................Signature of the Introducer: ……………………………....................................................................H. NOMINATION DETAILS (for individuals only)I/We wish to nominateName of the Nominee:………………………………………. .........................PAN No of Nominee : ……………………………....I/We do not wish to nominateRelationship with the Nominee:………………………………………. .........................Date of Birth of Nominee: ………………………....Address and phone no. of the Nominee:…………………………………………………………......................................................................................…………………………………………………………......................................................................................If Nominee is a minor, details of guardian :Name of guardian: ……………………… ......................................................................................................Address and phone no. of Guardian: ……………………………..…………………........................................Signature of guardian…………………………………………………….…………………………………. .........WITNESSES (Only applicable in case the account holder has made nomination)Name :…………………………………………………………..Signature :…………………………………………………………..Name :…………………………………………………………..Signature :…………………………………………………………..Address : ................................................................…………………………………………………………..…………………………………………………………..Address : ................................................................…………………………………………………………..…………………………………………………………..8

DECLARATION1. I/We hereby declare that the details furnished above are true and correct to the best of my/our knowledgeand belief and I/we undertake to inform you of any changes therein, immediately. In case any of the aboveinformation is found to be false or untrue or misleading or misrepresenting, I am/we are aware that I/we maybe held liable for it.2. I/We confirm having read/been explained and understood the contents of the document on policy andprocedures of the stock broker and the tariff sheet.3. I/We further confirm having read and understood the contents of the 'Rights and Obligations' document(s)and 'Risk Disclosure Document'. I/We do hereby agree to be bound by such provisions as outlined in thesedocuments. I/We have also been informed that the standard set of documents has been displayed forInformation on stock broker's designated website, if any.Place ------------------------------------------------------------Date ------------------------ --------------------------------------------------------------------------------------------------------Signature of Client/ (all) Authorized Signatory (ies)UCC Code allotted to the Client : --------------------FOR OFFICE USE ONLYDocuments verifiedwith OriginalsClient Interviewed ByIn-Person Verificationdone byName of the EmployeeEmployee CodeDesignation of theemployeeDateSignatureI / We undertake that we have made the client aware of 'Policy and Procedures', tariff sheet and all the nonmandatorydocuments. I/We have also made the client aware of 'Rights and Obligations' document (s), RDDand Guidance Note. I/We have given/sent him a copy of all the KYC documents. I/We undertake that anychange in the 'Policy and Procedures', tariff sheet and all the non-mandatory documents would be dulyintimated to the clients. I/We also undertake that any change in the 'Rights and Obligations' and RDD wouldbe made available on my/our website, if any, for the information of the clients.………………………………………..Signature of the Authorised SignatoryDate ………………….Seal/Stamp of the stock broker9

INSTRUCTIONS/ CHECK LIST1. Additional documents in case of trading in derivatives segments - illustrative list:Copy of ITR AcknowledgementIn case of salary income - Salary Slip, Copy ofForm 16Copy of demat account holding statement.Any other relevant documents substantiatingownership of assets.Copy of Annual AccountsNet worth certificateBank account statement for last 6 monthsSelf declaration with relevant supportingdocuments.*In respect of other clients, documents as per risk management policy of the stock broker need to beprovided by the client from time to time.2. Copy of cancelled cheque leaf/ pass book/bank statement specifying name of the constituent, MICRCode or/and IFSC Code of the bank should be submitted.3. Demat master or recent holding statement issued by DP bearing name of the client.4. For individuals :a. Stock broker has an option of doing 'in-person' verification through web camera at the branchoffice of the stock broker/sub-broker's office.b. In case of non-resident clients, employees at the stock broker's local office, overseas can doin-person' verification. Further, considering the infeasibility of carrying out 'In-person'verification of the non-resident clients by the stock broker's staff, attestation of KYC documentsby Notary Public, Court, Magistrate, Judge, Local Banker, Indian Embassy / ConsulateGeneral in the country where the client resides may be permitted.5. For non-individuals :a. Form need to be initialized by all the authorized signatories.b. Copy of Board Resolution or declaration (on the letterhead) naming the persons authorized todeal in securities on behalf of company/firm/others and their specimen signatures.10

RIGHTS AND OBLIGATIONS OF STOCK BROKERS, SUB-BROKERS AND CLIENTSas prescribed by SEBI and Stock Exchanges1. The client shall invest/trade in those securities/contracts/other instruments admitted to dealings on theExchanges as defined in the Rules, Byelaws and Regulations of Exchanges / Securities andExchange Board of India (SEBI) and circulars/notices issued there under from time to time.2. The stock broker, sub-broker and the client shall be bound by all the Rules, Byelaws and Regulationsof the Exchange and circulars/notices issued there under and Rules and Regulations of SEBI andrelevant notifications of Government authorities as may be in force from time to time.3. The client shall satisfy itself of the capacity of the stock broker to deal in securities and/or deal inderivatives contracts and wishes to execute its orders through the stock broker and the client shallfrom time to time continue to satisfy itself of such capability of the stock broker before executingorders through the stock broker.4. The stock broker shall continuously satisfy itself about the genuineness and financial soundness of theclient and investment objectives relevant to the services to be provided.5. The stock broker shall take steps to make the client aware of the precise nature of the Stock broker'sliability for business to be conducted, including any limitations, the liability and the capacity in whichthe stock broker acts.6. The sub-broker shall provide necessary assistance and co-operate with the stock broker in all itsdealings with the client(s).CLIENT INFORMATION7. The client shall furnish all such details in full as are required by the stock broker in "Account OpeningForm” with supporting details, made mandatory by stock exchanges/SEBI from time to time.8. The client shall familiarize himself with all the mandatory provisions in the Account Openingdocuments. Any additional clauses or documents specified by the stock broker shall be nonmandatory,as per terms & conditions accepted by the client.9. The client shall immediately notify the stock broker in writing if there is any change in the informationin the 'account opening form' as provided at the time of account opening and thereafter; including theinformation on winding up petition/insolvency petition or any litigation which may have materialbearing on his capacity. The client shall provide/update the financial information to the stock brokeron a periodic basis.10.The stock broker and sub-broker shall maintain all the details of the client as mentioned in theaccount opening form or any other information pertaining to the client, confidentially and that theyshall not disclose the same to any person/authority except as required under any law/regulatoryrequirements. Provided however that the stock broker may so disclose information about his client toany person or authority with the express permission of the client.MARGINS11.The client shall pay applicable initial margins, withholding margins, special margins or such othermargins as are considered necessary by the stock broker or the Exchange or as may be directed bySEBI from time to time as applicable to the segment(s) in which the client trades. The stock broker ispermitted in its sole and absolute discretion to collect additional margins (even though not requiredby the Exchange, Clearing House/Clearing Corporation or SEBI) and the client shall be obliged to paysuch margins within the stipulated time.12. The client understands that payment of margins by the client does not necessarily imply completesatisfaction of all dues. In spite of consistently having paid margins, the client may, on the settlementof its trade, be obliged to pay (or entitled to receive) such further sums as the contract maydictate/require.11

TRANSACTIONS AND SETTLEMENTS13. The client shall give any order for buy or sell of a security/derivatives contract in writing or in suchform or manner, as may be mutually agreed between the client and the stock broker. The stockbroker shall ensure to place orders and execute the trades of the client, only in the Unique ClientCode assigned to that client.14. The stock broker shall inform the client and keep him apprised about trading/settlement cycles,delivery/payment schedules, any changes therein from time to time, and it shall be the responsibilityin turn of the client to comply with such schedules/procedures of the relevant stock exchange wherethe trade is executed.15. The stock broker shall ensure that the money/securities deposited by the client shall be kept in aseparate account, distinct from his/its own account or account of any other client and shall not beused by the stock broker for himself/itself or for any other client or for any purpose other than thepurposes mentioned in Rules, Regulations, circulars, notices, guidelines of SEBI and/or Rules,Regulations, Bye-laws, circulars and notices of Exchange.16. Where the Exchange(s) cancels trade(s) suo moto all such trades including the trade/s done onbehalf of the client shall ipso facto stand cancelled, stock broker shall be entitled to cancel therespective contract(s) with client(s).17. The transactions executed on the Exchange are subject to Rules, Byelaws and Regulations andcirculars/notices issued thereunder of the Exchanges where the trade is executed and all parties tosuch trade shall have submitted to the jurisdiction of such court as may be specified by the Byelawsand Regulations of the Exchanges where the trade is executed for the purpose of giving effect to theprovisions of the Rules, Byelaws and Regulations of the Exchanges and the circulars/notices issuedthereunder.BROKERAGE18. The Client shall pay to the stock broker brokerage and statutory levies as are prevailing from time totime and as they apply to the Client's account, transactions and to the services that stock brokerrenders to the Client. The stock broker shall not charge brokerage more than the maximumbrokerage permissible as per the rules, regulations and bye-laws of the relevant stock exchangesand/or rules and regulations of SEBI.LIQUIDATION AND CLOSE OUT OF POSITION19. Without prejudice to the stock broker's other rights (including the right to refer a matter to arbitration),the client understands that the stock broker shall be entitled to liquidate/close out all or any of theclient's positions for non- payment of margins or other amounts, outstanding debts, etc. and adjustthe proceeds of such liquidation/close out, if any, against the client's liabilities/obligations. Any andall losses and financial charges on account of such liquidation/closing-out shall be charged to andborne by the client.20. In the event of death or insolvency of the client or his/its otherwise becoming incapable of receivingand paying for or delivering or transferring securities which the client has ordered to be bought orsold, stock broker may close out the transaction of the client and claim losses, if any, against theestate of the client. The client or his nominees, successors, heirs and assignee shall be entitled toany surplus which may result there from. The client shall note that transfer of funds/securities in favorof a Nominee shall be valid discharge by the stock broker against the legal heir.21. The stock broker shall bring to the notice of the relevant Exchange the information aboutdefault in payment/delivery and related aspects by a client. In case where defaultingclient is a corporate entity/partnership/proprietary firm or any other artificial legal entity, then thename(s) of Director(s)/Promoter(s)/Partner(s)/Proprietor as the case may be, shall also becommunicated by the stock broker to the relevant Exchange(s).12

DISPUTE RESOLUTION22. The stock broker shall provide the client with the relevant contact details of the concernedExchanges and SEBI.23. The stock broker shall co-operate in redressing grievances of the client in respect of all transactionsrouted through it and in removing objections for bad delivery of shares, rectification of bad delivery,etc.24. The client and the stock broker shall refer any claims and/or disputes with respect to deposits,margin money, etc., to arbitration as per the Rules, Byelaws and Regulations of the Exchangeswhere the trade is executed and circulars/notices issued thereunder as may be in force from time totime.25. The stock broker shall ensure faster settlement of any arbitration proceedings arising out of thetransactions entered into between him vis-à-vis the client and he shall be liable to implement thearbitration awards made in such proceedings.26. The client/stock-broker understands that the instructions issued by an authorizedrepresentative for dispute resolution, if any, of the client/stock-broker shall be binding on theclient/stock-broker in accordance with the letter authorizing the said representative to deal on behalfof the said client/stock-broker.TERMINATION OF RELATIONSHIP27. This relationship between the stock broker and the client shall be terminated; if the stock broker forany reason ceases to be a member of the stock exchange including cessation of membership byreason of the stock broker's default, death, resignation or expulsion or if the certificate is cancelledby the Board.28. The stock broker, sub-broker and the client shall be entitled to terminate the relationship betweenthem without giving any reasons to the other party, after giving notice in writing of not less than onemonth to the other parties. Notwithstanding any such termination, all rights, liabilities and obligationsof the parties arising out of or in respect of transactions entered into prior to the termination of thisrelationship shall continue to subsist and vest in/be binding on the respective parties or his/itsrespective heirs, executors, administrators, legal representatives or successors, as the case may be.29. In the event of demise/insolvency of the sub-broker or the cancellation of his/its registration with theBoard or/withdrawal of recognition of the sub-broker by the stock exchange and/or termination of theagreement with the sub broker by the stock broker, for any reason whatsoever, the client shall beinformed of such termination and the client shall be deemed to be the direct client of the stock brokerand all clauses in the 'Rights and Obligations' document(s) governing the stock broker, sub-brokerand client shall continue to be in force as it is, unless the client intimates to the stock broker his/itsintention to terminate their relationship by giving a notice in writing of not less than one month.ADDITIONAL RIGHTS AND OBLIGATIONS30. The stock broker shall ensure due protection to the client regarding client's rights to dividends, rightsor bonus shares, etc. in respect of transactions routed through it and it shall not do anything which islikely to harm the interest of the client with whom and for whom they may have had transactions insecurities.31. The stock broker and client shall reconcile and settle their accounts from time to time asper the Rules, Regulations, Bye Laws, Circulars, Notices and Guidelines issued by SEBI and therelevant Exchanges where the trade is executed.13

32. The stock broker shall issue a contract note to his constituents for trades executed in such format asmay be prescribed by the Exchange from time to time containing records of all transactionsincluding details of order number, trade number, trade time, trade price, trade quantity, details of thederivatives contract, client code, brokerage, all charges levied etc. and with all other relevant detailsas required therein to be filled in and issued in such manner and within such time as prescribed bythe Exchange. The stock broker shall send contract notes to the investors within one working day ofthe execution of the trades in hard copy and/or in electronic form using digital signature.33. The stock broker shall make pay out of funds or delivery of securities, as the case may be, to theClient within one working day of receipt of the payout from the relevant Exchange where the tradeis executed unless otherwise specified by the client and subject to such terms and conditions as maybe prescribed by the relevant Exchange from time to time where the trade is executed.34. The stock broker shall send a complete `Statement of Accounts' for both funds and securities inrespect of each of its clients in such periodicity and format within such time, as may be prescribed bythe relevant Exchange, from time to time, where the trade is executed. The Statement shall alsostate that the client shall report errors, if any, in the Statement within such time as may be prescribedby the relevant Exchange from time to time where the trade was executed, from the receipt thereof tothe Stock broker.35. The stock broker shall send daily margin statements to the clients. Daily Margin statement shouldinclude, inter- alia, details of collateral deposited, collateral utilized and collateral status (availablebalance/due from client) with break up in terms of cash, Fixed Deposit Receipts (FDRs), BankGuarantee and securities.36. The Client shall ensure that it has the required legal capacity to, and is authorized to, enter into therelationship with stock broker and is capable of performing his obligations and undertakingshereunder. All actions required to be taken to ensure compliance of all the transactions, which theClient may enter into shall be completed by the Client prior to such transaction being entered into.ELECTRONIC CONTRACT NOTES (ECN)37. In case, client opts to receive the contract note in electronic form, he shall provide an appropriate e-mail id to the stock broker. The client shall communicate to the stock broker any change in the emailidthrough a physical letter. If the client has opted for internet trading, the request for change of emailid may be made through the secured access by way of client specific user id and password.38. The stock broker shall ensure that all ECNs sent through the e-mail shall be digitally signed,encrypted, non-tamper able and in compliance with the provisions of the IT Act, 2000. In case, ECNis sent through e-mail as an attachment, the attached file shall also be secured with the digitalsignature, encrypted and non-tamperable.39. The client shall note that non-receipt of bounced mail notification by the stock broker shall amount todelivery of the contract note at the e-mail ID of the client.40. The stock broker shall retain ECN and acknowledgement of the e-mail in a soft and non-tamperableform in the manner prescribed by the exchange in compliance with the provisions of the IT Act, 2000and as per the extant rules/regulations/circulars/guidelines issued by SEBI/Stock Exchanges fromtime to time. The proof of delivery i.e., log report generated by the system at the time of sending thecontract notes shall be maintained by the stock broker for the specified period under the extantregulations of SEBI/stock exchanges. The log report shall provide the details of the contract notesthat are not delivered to the client/e-mails rejected or bounced back. The stock broker shall take allpossible steps to ensure receipt of notification of bounced mails by him at all times within thestipulated time period under the extant regulations of SEBI/stock exchanges.41. The stock broker shall continue to send contract notes in the physical mode to such clients who donot opt to receive the contract notes in the electronic form. Wherever the ECNs have not beendelivered to the client or has been rejected (bouncing of mails) by the e-mail ID of the client, thestock broker shall send a physical contract note to the client within the stipulated time under theextant regulations of SEBI/stock exchanges and maintain the proof of delivery of such physicalcontract notes.14

42. In addition to the e-mail communication of the ECNs to the client, the stock broker shallsimultaneously publish the ECN on his designated web-site, if any, in a secured way and enablerelevant access to the clients and for this purpose, shall allot a unique user name and password tothe client, with an option to the client to save the contract note electronically and/or take a print out ofthe same.LAW AND JURISDICTION43. In addition to the specific rights set out in this document, the stock broker, sub-broker and the clientshall be entitled to exercise any other rights which the stock broker or the client may have under theRules, Bye-laws and Regulations of the Exchanges in which the client chooses to trade andcirculars/notices issued thereunder or Rules and Regulations of SEBI.44. The provisions of this document shall always be subject to Government notifications, any rules,regulations, guidelines and circulars/notices issued by SEBI and Rules, Regulations and Bye laws ofthe relevant stock exchanges, where the trade is executed, that may be in force from time to time.45. The stock broker and the client shall abide by any award passed by the Arbitrator(s) under theArbitration and Conciliation Act, 1996. However, there is also a provision of appeal within the stockexchanges, if either party is not satisfied with the arbitration award.46. Words and expressions which are used in this document but which are not defined herein shall,unless the context otherwise requires, have the same meaning as assigned thereto in the Rules,Byelaws and Regulations and circulars/notices issued thereunder of the Exchanges/SEBI.47. All additional voluntary clauses/document added by the stock broker should not be incontravention with rules/regulations/notices/circulars of Exchanges/SEBI. Any changes in suchvoluntary clauses/document(s) need to be preceded by a notice of 15 days. Any changes inthe rights and obligations which are specified by Exchanges/SEBI shall also be brought to thenotice of the clients.48. If the rights and obligations of the parties hereto are altered by virtue of change in Rules andregulations of SEBI or Bye-laws, Rules and Regulations of the relevant stock Exchanges where thetrade is executed, such changes shall be deemed to have been incorporated herein in modification ofthe rights and obligations of the parties mentioned in this document.INTERNET & WIRELESS TECHNOLOGY BASED TRADING FACILITY PROVIDED BY STOCK BROKERSTO CLIENT(All the clauses mentioned in the 'Rights and Obligations' document(s) shall be applicable.Additionally, the clauses mentioned herein shall also be applicable.)1. Stock broker is eligible for providing Internet based trading (IBT) and securities trading through theuse of wireless technology that shall include the use of devices such as mobile phone, laptop withdata card, etc. which use Internet Protocol (IP). The stock broker shall comply with allrequirements applicable to internet based trading/securities trading using wireless technology asmay be specified by SEBI & the Exchanges from time to time.2. The client is desirous of investing/trading in securities and for this purpose, the client is desirous ofusing either the internet based trading facility or the facility for securities trading through use ofwireless technology. The Stock broker shall provide the Stock broker's IBT Service to the Client, andthe Client shall avail of the Stock broker's IBT Service, on and subject to SEBI/Exchanges Provisionsand the terms and conditions specified on the Stock broker's IBT Web Site provided that they are inline with the norms prescribed by Exchanges/SEBI.3. The stock broker shall bring to the notice of client the features, risks, responsibilities, obligations andliabilities associated with securities trading through wireless technology/internet/smart order routing orany other technology should be brought to the notice of the client by the stock broker.4. The stock broker shall make the client aware that the Stock Broker's IBT system itself generates theinitial password and its password policy as stipulated in line with norms prescribed byExchanges/SEBI.15

5. The Client shall be responsible for keeping the Username and Password confidential and secure andshall be solely responsible for all orders entered and transactions done by any person whosoeverthrough the Stock broker's IBT System using the Client's Username and/or Password whether or notsuch person was authorized to do so. Also the client is aware that authentication technologies andstrict security measures are required for the internet trading/securities trading through wirelesstechnology through order routed system and undertakes to ensure that the password of the clientand/or his authorized representative are not revealed to any third party including employees anddealers of the stock broker6. The Client shall immediately notify the Stock broker in writing if he forgets his password, discoverssecurity flaw in Stock Broker's IBT System, discovers/suspects discrepancies/ unauthorizedaccessthrough his username/password/account with full details of such unauthorized use, the date, themanner and the transactions effected pursuant to such unauthorized use, etc.7. The Client is fully aware of and understands the risks associated with availing of a service for routingorders over the internet/securities trading through wireless technology and Client shall be fully liableand responsible for any and all acts done in the Client's Username/password in any mannerwhatsoever.8. The stock broker shall send the order/trade confirmation through email to the client at his request. Theclient is aware that the order/ trade confirmation is also provided on the web portal. In case client istrading using wireless technology, the stock broker shall send the order/trade confirmation on thedevice of the client.9. The client is aware that trading over the internet involves many uncertain factors and complexhardware, software, systems, communication lines, peripherals, etc. are susceptible to interruptionsand dislocations. The Stock broker and the Exchange do not make any representation or warranty thatthe Stock broker's IBT Service will be available to the Client at all times without any interruption.10.The Client shall not have any claim against the Exchange or the Stock broker on account of anysuspension, interruption, non-availability or malfunctioning of the Stock broker's IBT System orService or the Exchange's service or systems or non-execution of his orders due to anylink/system failure at the Client/Stock brokers/Exchange end for any reason beyond the control ofthe stock broker/Exchanges.16

RISK DISCLOSURE DOCUMENT FOR CAPITAL MARKET AND DERIVATIVES SEGMENTSThis document contains important information on trading in Equities/Derivatives Segments of the stockexchanges. All prospective constituents should read this document before trading in Equities/DerivativesSegments of the Exchanges.Stock exchanges/SEBI does neither singly or jointly and expressly nor impliedly guarantee nor make anyrepresentation concerning the completeness, the adequacy or accuracy of this disclosure document norhave Stock exchanges /SEBI endorsed or passed any merits of participating in the trading segments. Thisbrief statement does not disclose all the risks and other significant aspects of trading.In the light of the risks involved, you should undertake transactions only if you understand the nature of therelationship into which you are entering and the extent of your exposure to risk.You must know and appreciate that trading in Equity shares, derivatives contracts or other instrumentstraded on the Stock Exchange, which have varying element of risk, is generally not an appropriate avenue forsomeone of limited resources/limited investment and/or trading experience and low risk tolerance. Youshould therefore carefully consider whether such trading is suitable for you in the light of your financialcondition. In case you trade on Stock exchanges and suffer adverse consequences or loss, you shall besolely responsible for the same and Stock exchanges/its Clearing Corporation and/or SEBI shall not beresponsible, in any manner whatsoever, for the same and it will not be open for you to take a plea that noadequate disclosure regarding the risks involved was made or that you were not explained the full riskinvolved by the concerned stock broker. The constituent shall be solely responsible for the consequencesand no contract can be rescinded on that account. You must acknowledge and accept that there can be noguarantee of profits or no exception from losses while executing orders for purchase and/or sale of aderivative contract being traded on Stock exchanges.It must be clearly understood by you that your dealings on Stock exchanges through a stock broker shall besubject to your fulfilling certain formalities set out by the stock broker, which may inter alia include your fillingthe know your client form, reading the rights and obligations, do's and don'ts, etc., and are subject to theRules, Byelaws and Regulations of relevant Stock exchanges, its Clearing Corporation, guidelinesprescribed by SEBI and in force from time to time and Circulars as may be issued by Stock exchanges or itsClearing Corporation and in force from time to time.Stock exchanges does not provide or purport to provide any advice and shall not be liable to any person whoenters into any business relationship with any stock broker of Stock exchanges and/or any third party basedon any information contained in this document. Any information contained in this document must not beconstrued as business advice. No consideration to trade should be made without thoroughly understandingand reviewing the risks involved in such trading. If you are unsure, you must seek professional advice on thesame.In considering whether to trade or authorize someone to trade for you, you should be aware of or must getacquainted with the following:-1. BASIC RISKS:1.1 Risk of Higher Volatility:Volatility refers to the dynamic changes in price that a security/derivatives contract undergoes when tradingactivity continues on the Stock Exchanges. Generally, higher the volatility of a security/derivatives contract,greater is its price swings. There may be normally greater volatility in thinly traded securities / derivativescontracts than in active securities /derivatives contracts. As a result of volatility, your order may only bepartially executed or not executed at all, or the price at which your order got executed may be substantiallydifferent from the last traded price or change substantially thereafter, resulting in notional or real losses.17

1.2 Risk of Lower Liquidity :Liquidity refers to the ability of market participants to buy and/or sell securities / derivatives contractsexpeditiously at a competitive price and with minimal price difference. Generally, it is assumed that more thenumbers of orders available in a market, greater is the liquidity. Liquidity is important because with greaterliquidity, it is easier for investors to buy and/or sell securities / derivatives contracts swiftly and with minimalprice difference, and as a result, investors are more likely to pay or receive a competitive price for securities /derivatives contracts purchased or sold. There may be a risk of lower liquidity in some securities / derivativescontracts as compared to active securities / derivatives contracts. As a result, your order may only be partiallyexecuted, or may be executed with relatively greater price difference or may not be executed at all.1.2.1 Buying or selling securities / derivatives contracts as part of a day trading strategy may also result intolosses, because in such a situation, securities / derivatives contracts may have to be sold / purchased at low /high prices, compared to the expected price levels, so as not to have any open position or obligation todeliver or receive a security / derivatives contract.1.3 Risk of Wider Spreads :Spread refers to the difference in best buy price and best sell price. It represents the differential between theprice of buying a security / derivatives contract and immediately selling it or vice versa. Lower liquidity andhigher volatility may result in wider than normal spreads for less liquid or illiquid securities / derivativescontracts. This in turn will hamper better price formation.1.4 Risk-reducing orders :The placing of orders (e.g., "stop loss" orders, or "limit" orders) which are intended to limit losses to certainamounts may not be effective many a time because rapid movement in market conditions may make itimpossible to execute such orders.1.4.1 A "market" order will be executed promptly, subject to availability of orders on opposite side, withoutregard to price and that, while the customer may receive a prompt execution of a "market" order, theexecution may be at available prices of outstanding orders, which satisfy the order quantity, on price timepriority. It may be understood that these prices may be significantly different from the last traded price or thebest price in that security / derivatives contract.1.4.2 A "limit" order will be executed only at the "limit" price specified for the order or a better price. However,while the customer receives price protection, there is a possibility that the order may not be executed at all.1.4.3 A stop loss order is generally placed "away" from the current price of a stock / derivatives contract, andsuch order gets activated if and when the security / derivatives contract reaches, or trades through, the stopprice. Sell stop orders are entered ordinarily below the current price, and buy stop orders are enteredordinarily above the current price. When the security / derivatives contract reaches the pre -determinedprice, or trades through such price, the stop loss order converts to a market/limit order and is executed at thelimit or better. There is no assurance therefore that the limit order will be executable since a security /derivatives contract might penetrate the pre-determined price, in which case, the risk of such order notgetting executed arises, just as with a regular limit order.1.5 Risk of News Announcements :News announcements that may impact the price of stock / derivatives contract may occur during trading, andwhen combined with lower liquidity and higher volatility, may suddenly cause an unexpected positive ornegative movement in the price of the security / contract.1.6 Risk of Rumors :Rumors about companies / currencies at times float in the market through word of mouth, newspapers,websites or news agencies, etc. The investors should be wary of and should desist from acting on rumors.1.7 System Risk :High volume trading will frequently occur at the market opening and before market close. Such high volumesmay also occur at any point in the day. These may cause delays in order execution or confirmation.18

1.7.1 During periods of volatility, on account of market participants continuously modifying their orderquantity or prices or placing fresh orders, there may be delays in order execution and its confirmations.1.7.2 Under certain market conditions, it may be difficult or impossible to liquidate a position in the market at areasonable price or at all, when there are no outstanding orders either on the buy side or the sell side, or iftrading is halted in a security / derivatives contract due to any action on account of unusual trading activity orsecurity / derivatives contract hitting circuit filters or for any other reason.1.8 System/Network Congestion :Trading on exchanges is in electronic mode, based on satellite/leased line based communications,combination of technologies and computer systems to place and route orders. Thus, there exists a possibilityof communication failure or system problems or slow or delayed response from system or trading halt, or anysuch other problem/glitch whereby not being able to establish access to the trading system/network, whichmay be beyond control and may result in delay in processing or not processing buy or sell orders either in partor in full. You are cautioned to note that although these problems may be temporary in nature, but when youhave outstanding open positions or unexecuted orders, these represent a risk because of your obligations tosettle all executed transactions.2. As far as Derivatives segments are concerned, please note and get yourself acquainted with thefollowing additional features:-2.1 Effect of "Leverage" or "Gearing" :In the derivatives market, the amount of margin is small relative to the value of the derivatives contract so thetransactions are 'leveraged' or 'geared'. Derivatives trading, which is conducted with a relatively smallamount of margin, provides the possibility of great profit or loss in comparison with the margin amount. Buttransactions in derivatives carry a high degree of risk.You should therefore completely understand the following statements before actually trading in derivativesand also trade with caution while taking into account one's circumstances, financial resources, etc. If theprices move against you, you may lose a part of or whole margin amount in a relatively short period of time.Moreover, the loss may exceed the original margin amount.A. Futures trading involve daily settlement of all positions. Every day the open positions are marked tomarket based on the closing level of the index / derivatives contract. If the contract has moved against you,you will be required to deposit the amount of loss (notional) resulting from such movement. This amount willhave to be paid within a stipulated time frame, generally before commencement of trading on next day.B. If you fail to deposit the additional amount by the deadline or if an outstanding debt occurs in your account,the stock broker may liquidate a part of or the whole position or substitute securities. In this case, you will beliable for any losses incurred due to such close-outs.C. Under certain market conditions, an investor may find it difficult or impossible to execute transactions. Forexample, this situation can occur due to factors such as illiquidity i.e. when there are insufficient bids or offersor suspension of trading due to price limit or circuit breakers etc.D. In order to maintain market stability, the following steps may be adopted: changes in the margin rate,increases in the cash margin rate or others. These new measures may also be applied to the existing openinterests. In such conditions, you will be required to put up additional margins or reduce your positions.E. You must ask your broker to provide the full details of derivatives contracts you plan to trade i.e. thecontract specifications and the associated obligations.2.2 Currency specific risks:1. The profit or loss in transactions in foreign currency-denominated contracts, whether they are traded inyour own or another jurisdiction, will be affected by fluctuations in currency rates where there is a need toconvert from the currency denomination of the contract to another currency.19

2. Under certain market conditions, you may find it difficult or impossible to liquidate a position. This canoccur, for example when a currency is deregulated or fixed trading bands are widened.3. Currency prices are highly volatile. Price movements for currencies are influenced by, among other things:changing supply-demand relationships; trade, fiscal, monetary, exchange control programs and policies ofgovernments; foreign political and economic events and policies; changes in national and internationalinterest rates and inflation; currency devaluation; and sentiment of the market place. None of these factorscan be controlled by any individual advisor and no assurance can be given that an advisor's advice will resultin profitable trades for a participating customer or that a customer will not incur losses from such events.2.3 Risk of Option holders:1. An option holder runs the risk of losing the entire amount paid for the option in a relatively short period oftime. This risk reflects the nature of an option as a wasting asset which becomes worthless when it expires.An option holder who neither sells his option in the secondary market nor exercises it prior to its expiration willnecessarily lose his entire investment in the option. If the price of the underlying does not change in theanticipated direction before the option expires, to an extent sufficient to cover the cost of the option, theinvestor may lose all or a significant part of his investment in the option.2. The Exchanges may impose exercise restrictions and have absolute authority to restrict the exercise ofoptions at certain times in specified circumstances.2.4 Risks of Option Writers:1. If the price movement of the underlying is not in the anticipated direction, the option writer runs the risks oflosing substantial amount.2. The risk of being an option writer may be reduced by the purchase of other options on the same underlyinginterest and thereby assuming a spread position or by acquiring other types of hedging positions in theoptions markets or other markets. However, even where the writer has assumed a spread or other hedgingposition, the risks may still be significant. A spread position is not necessarily less risky than a simple 'long' or'short' position.3. Transactions that involve buying and writing multiple options in combination, or buying or writing options incombination with buying or selling short the underlying interests, present additional risks to investors.Combination transactions, such as option spreads, are more complex than buying or writing a single option.And it should be further noted that, as in any area of investing, a complexity not well understood is, in itself, arisk factor. While this is not to suggest that combination strategies should not be considered, it is advisable,as is the case with all investments in options, to consult with someone who is experienced andknowledgeable with respect to the risks and potential rewards of combination transactions under variousmarket circumstances.3. TRADING THROUGH WIRELESS TECHNOLOGY/ SMART ORDER ROUTING OR ANY OTHERTECHNOLOGY:Any additional provisions defining the features, risks, responsibilities, obligations and liabilities associatedwith securities trading through wireless technology/ smart order routing or any other technology should bebrought to the notice of the client by the stock broker.4. GENERAL4.1 The term 'constituent' shall mean and include a client, a customer or an investor, who deals with a stockbroker for the purpose of acquiring and/or selling of securities / derivatives contracts through the mechanismprovided by the Exchanges.4.2 The term 'stock broker' shall mean and include a stock broker, a broker or a stock broker, who has beenadmitted as such by the Exchanges and who holds a registration certificate from SEBI.20

GUIDANCE NOTE - DO's AND DON'Ts FOR TRADING ON THE EXCHANGE(S) FOR INVESTORSBEFORE YOU BEGIN TO TRADE1. Ensure that you deal with and through only SEBI registered intermediaries. You may check theirSEBI registration certificate number from the list available on the Stock exchangeswww.nseindia.com, www.mcx-sx.com, www.useindia.com and SEBI website www.sebi.gov.in.2. Ensure that you fill the KYC form completely and strike off the blank fields in the KYC form.3. Ensure that you have read all the mandatory documents viz. Rights and Obligations, RiskDisclosure Document, Policy and Procedure document of the stock broker.4. Ensure to read, understand and then sign the voluntary clauses, if any, agreed between you andthe stock broker. Note that the clauses as agreed between you and the stock broker cannot bechanged without your consent.5. Get a clear idea about all brokerage, commissions, fees and other charges levied by the brokeron you for trading and the relevant provisions/ guidelines specified by SEBI/Stock exchanges.6. Obtain a copy of all the documents executed by you from the stock broker free of charge.7. In case you wish to execute Power of Attorney (POA) in favour of the Stock broker, authorizing itto operate your bank and demat account, please refer to the guidelines issued bySEBI/Exchanges in this regard.TRANSACTIONS AND SETTLEMENTS8. The stock broker may issue electronic contract notes (ECN) if specifically authorized by you inwriting. You should provide your email id to the stock broker for the same. Don't opt for ECN ifyou are not familiar with computers.9. Don't share your internet trading account's password with anyone.10. Don't make any payment in cash to the stock broker.11. Make the payments by account payee cheque in favour of the stock broker. Don't issue chequesin the name of sub-broker. Ensure that you have a documentary proof of your payment/depositof securities with the stock broker, stating date, scrip, quantity, towards which bank/ demataccount such money or securities deposited and from which bank/ demat account.12. Note that facility of Trade Verification is available on stock exchanges' websites, where detailsof trade as mentioned in the contract note may be verified. Where trade details on the websitedo not tally with the details mentioned in the contract note, immediately get in touch with theInvestors Grievance Cell of the relevant Stock exchange.13. In case you have given specific authorization for maintaining running account, payout of fundsor delivery of securities (as the case may be), may not be made to you within one working dayfrom the receipt of payout from the Exchange. Thus, the stock broker shall maintain runningaccount for you subject to the following conditions:a) Such authorization from you shall be dated, signed by you only and contains the clause that youmay revoke the same at any time.b) The actual settlement of funds and securities shall be done by the stock broker, at least once in acalendar quarter or month, depending on your preference. While settling the account, the stockbroker shall send to you a 'statement of accounts' containing an extract from the client ledger forfunds and an extract from the register of securities displaying all the receipts/deliveries of fundsand securities. The statement shall also explain the retention of funds and securities and thedetails of the pledged shares, if any.21

c) On the date of settlement, the stock broker may retain the requisite securities/funds towardsoutstanding obligations and may also retain the funds expected to be required to meetderivatives margin obligations for next 5 trading days, calculated in the manner specified by theexchanges. In respect of cash market transactions, the stock broker may retain entire pay-inobligation of funds and securities due from clients as on date of settlement and for next day'sbusiness, he may retain funds/securities/margin to the extent of value of transactions executedon the day of such settlement in the cash market.d) You need to bring any dispute arising from the statement of account or settlement so made to thenotice of the stock broker in writing preferably within 7 (seven) working days from the date ofreceipt of funds/securities or statement, as the case may be. In case of dispute, refer the matterin writing to the Investors Grievance Cell of the relevant Stock exchanges without delay.14. In case you have not opted for maintaining running account and pay-out of funds/securities isnot received on the next working day of the receipt of payout from the exchanges, please referthe matter to the stock broker. In case there is dispute, ensure that you lodge a complaint inwriting immediately with the Investors Grievance Cell of the relevant Stock exchange.15. Please register your mobile number and email id with the stock broker, to receive tradeconfirmation alerts/ details of the transactions through SMS or email, by the end of the tradingday, from the stock exchanges.IN CASE OF TERMINATION OF TRADING MEMBERSHIP16. In case, a stock broker surrenders his membership, is expelled from membership or declared adefaulter; Stock exchanges gives a public notice inviting claims relating to only the "transactionsexecuted on the trading system" of Stock exchange, from the investors. Ensure that you lodge aclaim with the relevant Stock exchanges within the stipulated period and with the supportingdocuments.17. Familiarize yourself with the protection accorded to the money and/or securities you maydeposit with your stock broker, particularly in the event of a default or the stock broker'sinsolvency or bankruptcy and the extent to which you may recover such money and/orsecurities may be governed by the Bye-laws and Regulations of the relevant Stock exchangewhere the trade was executed and the scheme of the Investors' Protection Fund in force fromtime to time.DISPUTES/ COMPLAINTS18. Please note that the details of the arbitration proceedings, penal action against the brokers andinvestor complaints against the stock brokers are displayed on the website of the relevant Stockexchange.19. In case your issue/problem/grievance is not being sorted out by concerned stock broker/subbrokerthen you may take up the matter with the concerned Stock exchange. If you are notsatisfied with the resolution of your complaint then you can escalate the matter to SEBI.20. Note that all the stock broker/sub-brokers have been mandated by SEBI to designate an e-mailID of the grievance redressal division/compliance officer exclusively for the purpose ofregistering complaints.22

Mandatory document dealing with policies and procedures Pursuant to SEBI'sCircular MIRSD/SE/Cir 19/2009 dated December 3, 2009: Policies and Proceduresforms integral part of the Member Constituent agreement: -1. Setting up client's Exposure limits:a. Purchase Limit: AFIPL may provide a exposure limit for intraday and delivery based purchases by a clientwhich would be a multiple (varying between one to four times) of the clear ledger balance in the account ofthe client plus value of paid up collaterals computed after appropriate haircut. The value of the “multiple” andthe “haircut” shall be decided by AFIPL based on Market Volatility and quality of collaterals and the sameshall be binding on the client.b. Sell Limit: AFIPL may provide a sell limit to the client equivalent to the value of securities held by the client inhis POA enabled Demat account plus the collateral held by AFIPL on behalf of the client in its Beneficiaryand Margin Pool account after making appropriate adjustments for the unsettled delivery positions of theclient.c. Exposure for F&O: AFIPL may provide exposure for F&O based on availability of initial margin (SPAN +Exposure) in the form of cash and approved securities (with appropriate hair cut).d. Client-wise differential Limits: AFIPL shall have the prerogative to allow differential purchase limits and selllimits varying from client to client, depending upon credit worthiness, integrity and past conduct and record ofeach client.2. Applicable Brokerage Rates:Brokerage shall be applied as per the rates agreed upon with the client in the KYC at the time of registration of theclient subsequently through a written agreement between the client and AFIPL. The rate of Brokerage shall notexceed the maximum brokerage permissible under Exchange(s) bye-laws. The slab rates of brokerage fixed byAFIPL are function of the quality and cost of services provided to the client and the volume and revenue expectedfrom an account. It shall be reviewed by the AFIPL from time to time and may be increased with prospectiveeffect at a notice of 15 days sent to the E-mail address or postal address of the client registered with AFIPL. Suchincreased brokerage shall become applicable to the client account from the effective date mentioned in thecommunication sent to the client.The brokerage shall however be exclusive of the following:? DP Annual maintenance charges? DP transaction charges / Pledge / Re-pledge / Demat / Demat charges? DP Inter settlement charges? Account Opening charges? Delayed Payment charges? Penalties levied by Exchange(s)? Research advisory charges? Courier charges? Bank charges towards the cheques received unpaid,? DP, Bank and other processing charges towards periodic settlement of Funds/Securities on periodic basis? Statutory charges payable to Exchange(s)/SEBI/Govt. Authorities etc.,- SEBI/Exchange(s)/Clearing Member Turnover charges- Other out of pocket and service related charges3.Imposition of Penalty / delayed payment charges :Imposition of Penalty / delayed payment charges by either party, specifying the rate and the period (This must notresult in funding by the broker in contravention of the applicable laws) delayed payment charges / Charges onExposure against collaterals :Pursuant to Exchange(s) Bye-laws, the Member broker is currently required to make pay-in of funds to theExchange(s) by T+2 mornings and arrange delivery of securities to the Exchange(s) latest by T+2 mornings.Further Member broker is also required to maintain adequate upfront margins with the Exchange(s) to availexposure for trading. The Exchange(s)s have also defined the ratios in which the cash and collaterals are to bedeposited and maintained by the Member broker. In addition the Exchange(s) requires the member broker todeposit some of the margins like MTM, in Cash only.In order to manage its working capital, AFIPL requires fullest cooperation of the clients in meeting their respectiveobligation towards Payin and margins.AFIPL is therefore authorized by the client to charge a delayed payment penalty, not exceeding 2% per month,on account of delays/failure by the client in meeting their respective pay-in obligations on the scheduled date.Penalties levied by Exchange(s):Further Exchange(s) levy various penalties on the member brokers on auction resulting from short deliveries,non adherence to client-wise exposure limits, client-wise shortfall in F&O Margin and for other reasons whichmay be defined by the Exchange(s) from time to time. AFIPL is therefore authorized by the client to pass on anypenalty imposed by the Exchange(s)/SEBI and or any other regulatory authority to the member broker/the client,which arises on account of the client.23

4.Liquidation Policy :The right to sell clients' securities or close clients' positions, without giving notice to the client, on account of nonpaymentof client's dues (This shall be limited to the extent of settlement/margin obligation):a. AFIPL shall have right to sell client's securities, both unpaid securities as well as collaterals deposited towardsmargins, or close out client's open positions, without giving notice to the client where there is a delay/ failure ofthe client to meet the pay-in obligations and / or there is a failure of the client to bring additional margins to coverthe increase in risk in the dynamic market conditions. Such decision of the member broker shall be binding on theconcerned client and the member broker shall not be responsible or liable for consequential opportunity loss orfinancial loss to the client.b. The margin shortfall in F&O:I. Positions of the client may be closed out to the extent of margin shortfall on the T+1 basis.ii. While computing margin shortfall, value of unapproved securities shall not be considered.iii. As per the current Exchange(s) requirements, the Member Broker is required to maintain a (50:50) ratiobetween cash and collaterals margin deposited with the Exchange(s). AFIPL shall therefore have theprerogative to insist for at least 50% of margin in cash and may not consider the value of securities over andabove the cash component for the purpose of calculating margins shortfall and close the F&O positionwhere it finds the deviation. However, sales made in capital market segment are not considered whileclosing F&O positions on T+1 basis due to margin shortfall.c. Intra-day Positions:AFIPL shall have right to close out any intra-day positions taken by the client after a defined “Cut-off” time(Presently 20 minutes before close of market).d. General:While selling the securities/ closing the clients positions, AFIPL may take into account the sales made by theclient, positions closed by the client or collections received from the client tille. Cut-off time (presently 12.45pm).1. While selling the securities/ closing the clients positions, AFIPL may not take into considerationCheques/Bank drafts/Pay orders deposited by the client with AFIPL until clear proceeds of such instrumentsare received by AFIPL in its bank account.2. AFIPL shall have the right to sell client's securities or close out client's open positions but it shall not beunder any obligations to undertake this exercise compulsorily. AFIPL shall therefore not be under anyobligation to compensate/ or provide reasons of any delay or omission on its part to sell client's securities orclose open positions of the client.5. Shortages in obligations arising out of internal netting of trades:AFIPL shall have the right to adopt a policy of its choice for internal auctions arising out of internal netting oftrades and charge to defaulter seller and compensate the impacted purchaser as per the policy. The currentprocedure for internal auction is displayed on the website of AFIPL, which may be amended from time to timewith prospective effect after publishing the same on the website of AFIPL.6. Conditions under which a client may not be allowed to take further position or the broker may closethe existing position of a client:a. All Markets: Where client is not having adequate margins as per conditions defined in Risk Managementpolicy under Section 2.b. F&O:i. Where the client has not met Market to Market loss in cashii. Where the “open” positions in a contract exceed or are close to market wide cut-off limitsiii. Where the client's position is close to client-wise permissible “open” positionsc. INTRA-DAY:Clients will not be able to place intra-day orders after a cut-off time fixed by AFIPL. (Presently 20 minutes prior toclose of market)7. Temporarily suspending or closing a client's account : Temporarily suspending or closing a client'saccount at the client's request AFIPL may carry a periodic review of the client accounts and may suspend theaccounts from Trading in the following circumstances:? Where the client is inactive for more than 3 months? Where the client has not cleared the naked or uncovered debits which are more than 7 days' old.? Where the account is under investigation by any regulatory body.? Based on the recommendations made by the Branch Manager due to excessive speculations, un-clearedbalances.? Physical contract notes are received back undelivered due to reasons like “no such person”, “addressee” left,refusal to accept mails, POD's signed by the third persons, signature mismatch on POD's or other reasonswhich may create suspicion, after “close”24

? Out of the open positions.? DCN failed (Bounced email) on more than 3 instances until client submits and registers new email id.? Non delivery of the Statement of Account sent on periodic basis.? Non updating of communications details viz., email id, Mobile no, Land line details or it is found to bebelonging to a third person.? Client lodges a compliant either directly with AFIPL or through Exchange(s) relating alleged unauthorizedTrades being executed in the account.? On notices received from statutory, Government or Local authorities and Income Tax, Service Tax, a Judicialor a Quasi Judicial authority, etc? Where a client is reported to or known to have expired.AFIPL may also suspend the account based on the written request received from the client.8. Deregistering a clientNotwithstanding anything to the contrary stated in the agreement, the trading member shall be entitle toterminate the agreement with immediate effect in any of the following circumstances:? If the action of the client are prima facie illegal / improper or such as to manipulate the price of any securities ordisturb the normal / proper functioning of securities or disturb the normal / proper functioning of the market,either alone or in conjunction with others.? If there is any commencement of a legal process against the client under any law in force.? On the death / luncay or other disability of the client.? If the client being a partnership firm, has any steps taken by the central and / or its partners for dissolution ofthe partnership.? If the client suffers any adverse material change in his / her / its financial position or defaults in any otheragreement with the trading member.? If there is reasonable apprehension that the client is unable to pay its debts or the client has admitted itsinability to pay its debts, as they become payable.? If the client is in breach of any term, condition or covenant of this agreement.?If the client has made any material misrepresentation of facts, including (without limitation) in relation to thesecurity.?If a receiver, administrator or liquidator has been appointed or allowed to be appointed of all or any part of theundertaking of the client.? If the client have taken or suffered to be taken any action for its reorganization, liquidation or dissolution.?If the client has voluntarily or compulsorily become the subject of proceedings under any bankruptcy orinsolvency law or being a company, goes into liquidation or has a receiver appointed in respect of its assets orrefers itself to the Board for Industrial and Financial Reconstruction or under any other law providingprotection as a relief undertaking.? If any covenant or warranty of the client is incorrect or untrue in any material respect.9. Inactive Client: Client account will be considered as inactive if the client does not trade for period of one year.Calculation will be done at the beginning of every month and those clients who have not traded even a singletime will be considered as inactive, the shares / credit ledger balance if any will be transferred to the clientwithin one week of the identifying the client as inactive/ The client has to make written request for reactivationof his / her account.10. Trading in Exchange is in Electronic Mode: Based on VSAT, leased line, ISDN, Modem and VPNcombination of technologies and computer systems to place and route orders. I/We understand that thereexists a possibility of communication failure or system problems or slow or delayed response from system oftrading halt or any break down in our back office / front end system or any such other problems / glitchwhereby not being able to establish access to the trading system/ network, which may be beyond yourcontrol and may result in delay in processing or not processing but or sell orders either in part or in full. I/weshall be fully liable and responsible for any such problem / fault.11. Client Acceptance of Policies and Procedures stated hereinabove: I/We have fully understood thesame and do hereby sign the same and agree not to call into question the validity, enforce ability andapplicability of any provision / clauses this document any circumstances what so ever. These policies andprocedures may be amended / changed unilaterally by the broker, provided the change is informed to me / uswith through any one or more means or methods. I/We agree never to challenge the same on any groundsincluding delayed receipt / non receipt or any other reasons whatsoever. These policies and procedures shallalways be read along with the agreement and shall be compulsorily referred to while deciding any dispute /difference or claim between me / us and stock broker before any court of law / judicial / adjudicating authorityincluding arbitrator / mediator etc.Seal & Signature of Client:25

Tariff SheetBrokerageFutures 1st Leg % 2nd Leg %Same dayAny dayOptions Rs per Lot 1st Leg 2nd LegSame dayAny dayBelow Mentioned Other Charges would be applicable besides Brokerage mentioned aboveSrNoChargesIn Percentage(%)Whether service taxApplicableIn Rs Per Crorewith Service Tax1. Service Tax onBrokerage12.362. Exchange TurnoverCharge FuturesNSE 0.0012 Yes 135MCX-SX 0.00115 Yes 130USE3. Exchange TurnoverCharge OptionsNSE 0.042 Yes 4720MCX-SX0.037 Yes 4160USE4. SEBI Turnover Tax 0.0001 No 105. Clearing ChargesFuturesClearing ChargesOptions0.0001 Yes 11.240.01 Yes 11246.Stamp Duty0.002No 2007.KRA RegistrationChargesRs. 33.718.Third PartyVerification ChargesRs. 150.0026

AppendixBank Details (take precautions Occupational to Details mention correct details)*Any changes with respect to the Shareholding / Directors must to be submitted by the corporate as an on-goingbasis.Section 1: - Sample copy / Format of Shareholding in case of the Corporate (On the Letter head of the Company)Alpari Financial Services (India) Pvt. Ltd.76 C, 3 North Avenue, Maker Maxity, Bandra - Kurla Complex, Bandra (E), Mumbai - 400 051Dear Sir,We hereby certify that the understated whole time Director, Individual promoters, etc. hold 5% or more of the equitystake in our company.S.No Shareholders Name No of Shares % of Shareholding Relationship / Designation1.2.3.Photographs of shareholders holding 5% or more than 5% in the company.PhotoPhotoPhotoPhotoName: Name: Name: Name:The above information is true as on date. In case of any changes in the shareholding pattern in future, the company isobliged to inform Alpari Financial Services (India) Pvt. Ltd. of the same in writing.Thanking you.Name:Designation:Signature:Date:Name:Designation:Signature:Place:Section 2: - Sample copy / Format of List of Directors in case of the Corporate (On the Letter head of the Company)Alpari Financial Services (India) Pvt. Ltd.76 C, 3 North Avenue, Maker Maxity, Bandra - Kurla Complex, Bandra (E), Mumbai - 400 051Dear Sir,The details of Directors as on date is as follows: -S.No Individual’s Name Relationship / Designation Designated Since1.2.3.Photographs of the directors of the company.PhotoPhotoPhotoPhotoName: Name: Name: Name:In case of any changes in future, the company is obliged to inform Alpari Financial Services (India) Pvt. Ltd. of the same inwriting. Thanking you.Name:Designation:Signature:Date:Name:Designation:Signature:Place:27

Section 3: - Sample copy / Format of Board of Resolution in case of the Corporate (On the Letter head of the Company)CERTIFIED TRUE COPY OF THE RESOLUTION PASSED IN THE MEETING OF THE BOARD OF DIRECTORS OFM/S_______________________________________________________________HA Name of the companyVING ITS REGISTERED OFFICEAT__________________________________________________________________________HELD AddressON____________DateDAY ___________ Month OF 20_____________AT _____________________________________________________________Meeting TimeResolved that the company do agree with Alpari Financial Services (India) Pvt. Ltd., Member of National Stock Exchange ofINDIA Ltd. (NSE) , MCX-SX and USE etc. for the purpose of dealing on Currency Derivatives segment or any other segmentthat may be introduced by NSE / MCX-SX / USE / Alpari Financial Services (India) Pvt. Ltd., in future and the said memberbe and is hereby authorized to honor instructions, oral / written or electronic, given on behalf of the company by any ofthe under noted Authorized Signatories.S.No Name of Authorised Signatory Designation Specimen Signature1.2.3.Who is / are authorized to sell, purchase, transfer, endorse, negotiate documents and / or otherwise deal through AlpariFinancial Services (India) Pvt. Ltd., on behalf of the company.RESOLVED FURTHER THAT, Mr. ____________________________________________________ (Director), and / or Mr.___________________________________________ (Authorized Signatory) of the company be and hereby authorized tosign, execute and submit such applications, undertakings, agreements and other documents writings and deeds as may bedeemed necessary or expedient to open account and give effect to this resolution.Photographs of the authorised signatory of the company:PhotoPhotoPhotoPhotoName: Name: Name: Name:AND RESOLVED FURTHER THAT, the common seal of the company be affixed, wherever necessary, in the presence of anyDirectors or of any one Director and Company Secretary, who shall sign the same in token of the presence.For:Name:Designation:Signature:Name of the companyName:Designation:Signature:Date:Place:Section 4: - Sample copy / Format of Declaration to be given by corporate - (On the Letter head of the Company)Alpari Financial Services (India) Pvt. Ltd.76 C, 3 North Avenue, Maker Maxity, Bandra - Kurla Complex, Bandra (E), Mumbai - 400 051Dear Sir,We hereby certify that the following resolution of the Board of Directors of M/s__________________________________was duly passed at the Board Meeting held on __________ Date day _______ Month of 201_at _________________ Meeting Place that thecompany is empowered to deal in currency derivatives . The Member is hereby authorized to act on the oral/written orelectronic instructions of any one or more of the following persons. He/they is/are authorized to operate the account andto deal in equities, derivatives, currency derivatives, debentures, debt and/or any other investment product(s) or servicesand to sell, purchase, transfer, endorse, negotiate documents and/or otherwise deal through Alpari Financial Services(India) Pvt. Ltd., on behalfof the company _________________________. He/they is/are also authorized to sign, executeand submit such applications, undertakings, agreements and other requisite documents, writing and deeds as may bedeemed necessary or expedient to open account and give effect to this purpose.For: Name of the companyName:Designation:Signature:Name:Designation:Signature:Date:Place:28

Section 5 - Declaration by KartaAlpari Financial Services (India) Pvt. Ltd.76 C, 3 North Avenue, Maker Maxity,Bandra - Kurla Complex,Bandra (E), Mumbai - 400 051Dear Sir,I, the undersigned and the Karta of ____________________________________________________________________(HUF), discloses following details of our HUF and all its coparceners: -S.No Name Date of Birth(DD/MM/YYY)1.2.3.4.5.PAN NO(On the Letter head of the HUF)RelationshipwithSignatureI hereby state that details mentioned as above are true to the best of my knowledge and any change/update in themwould be intimated to Alpari Financial Services (India) Pvt. Ltd. in writing.Thank you.Name of Karta:Date:Signature of Karta along with HUF stamp: -Place:DISCLOSURE ON PROPRIETORY TRADINGTo,Date:All ClientsWe, having the membership of the NSE/MCX-SX/USE hereby disclose that we do trade for our own account(proprietory) trading as well as on behalf of our clients.Kindly take the note of the sameThanking youYours truly,For, Alpari Financial Services (India) Pvt. Ltd.Authorised SignatorySigned & Acknowledged bySignature:Name of the Client: ________________________________________Client Code: ______________________________________________29

Non Mandatory

Running Account Authority LetterTo: -Alpari Financial Services (India) Pvt. Ltd.76 C, 3 North Avenue, Maker Maxity,Bandra - Kurla Complex,Bandra (E), Mumbai - 400 051Date:_________________________Dear Sir,QuarterlyMonthlyFinancial Year:From:I/we refer to my/our broking account with you for transaction on the National Stock Exchange Ltd., MCX-SX and USE inCurrency Derivatives segments. I/we understand the transaction confirmations, contracts/bills, etc. would be processedExchange wise Segment wise. However for the ease of fund movement, I/we would request you to maintain a financialaccount on running account basis in your books for all the exchanges and all the segments. This would facilitate easy fundmovement and avoid any delay in payment to/ for between us. This would also lead to better reconciliation andconvenience. l/we also request you to hold back our purchase delivery in the unlikely event of continuing debit in my/ourtrading and/orDepository accounts.I/we also request you to retain our payout if any, within statutory time limit as may be applicable from time to time to beadjusted against future debits unless otherwise specified in writing by us. In specific cases, I/we would also instruct you(either orally/in writing through electronic means or else) to hold back my/our deliveries purchase in your pool accountfor our intended sale.I/we understand that the Running Account Authorization may revoke at any time in writing. Trust the above arrangementis convenient to both of us for our operational efficiency.Thanking you.Name of the Applicant:Signature of the Applicant:Date:Place:*Please note: -? The authorization shall be renewed at least once a year and shall be dated.? The authorization shall be signed by the client only and not by any Authorised person on his behalf or any holder of thePower of Attorney.? For the clients having outstanding obligations on the settlement date, the stock broker may retain the requisitesecurities/funds towards such obligations and may also retain the funds expected to be required to meet marginobligations for next 5 trading days, calculated in the manner specified by the exchanges.? The client shall bring any dispute arising from the statement of account or settlement so made to the notice of thebroker preferably within 7 working days from the date of receipt of funds/securities or statement, as the case may be.? Periodic settlement of running account may not be necessary:* For clients availing margin trading facility as per SEBI circular* For funds received from the clients towards collaterals/margin in the form of bank guarantee (BG)/Fixed Depositreceipts (FDR).? The trading member shall transfer the funds / securities lying in the credit of the client within one working day of therequest if the same are lying with him and within three working days from the request if the same are lying with theClearing Member/Clearing Corporation.* There shall be no inter-client adjustments for the purpose of settlement of the 'running account'.* These conditions shall not apply to institutional clients settling trades through custodians. The existing practicemay continue for them.30

Date:To,All Clients,DISCLOSURE ON CLIENT CODE MODIFICATIONThis is to inform you that we do sometimes in case of necessity modify the client codes entered while making tradeson behalf of the clients. The necessity to do so occurs when by mistake wrong client code is entered into the system.Kindly take the note of the sameThanking youYours truly,For, Alpari Financial Services (India) Pvt. Ltd.Authorised SignatorySigned & Acknowledged bySignature:Name of the Client: _______________________________Client Code: _____________________________________CONSENT FOR TRANSFER OF CREDIT & SETTLEMENT FOR INTRA / INTER SEGMENT INTER EXCHANGEI/We______________________________ registered with Alpari Financial Services (India) Pvt. Ltd., as clients/constituents on thecurrency derivatives segment of NSE/MCX-SX/USE do hereby authorize you as under :To Move/transfer funds any/all my/our account/s and/or payouts resulting on account of payouts due to settlement/closing ofcontracts and/or margin refunds from NSE/MCX-SX/USE and adjust the same towards debit balances in any/all my/our accountsof NSE/MCX-SX/USEI/We also understand that this would save on banking charges and/or operational delays and cost towards transfer of fundsbetween accounts where I/we have a credit balance to an account where I/we have a debit balance. Further, you are authorized todo the transfer, either by passing a journal entry in your books of accounts of the respective section/ department and/or by physicalexchange of cheques.I/we have affixed signatures herein below consenting to the above and the same shall be in force until I/we revoke it in writing.Signed on this _______________day of_______________200_________atThanking You,Yours truly,Name of the client: : ____________________________________________________Client Code : __________________________________________________________Signature:31

DateTo,Alpari Financial Services (India) Pvt. Ltd.MumbaiConsent to receive the contract note, trade-confirmations, ledgers & other reports through E-mailE-mail ID details (in case of more than on e-mail ids select the default id)Email ID : ............................... @ ..............................., ...............................Additional E-mail ID I : ............................... @ ..............................., ...............................tick the appropriate box to select the default option,I/we hereby consent to receive the contract note / trade confirmations of the trades executed by me / us bills and accountstatements thereof, notices, circulars, amendments and such other correspondence or documents in electronic from dulyauthenticated by means of a digital signatures as specified in the information Technology Act 2000 and the rules madethere under, to any of my above mentioned email ids :I/we further hereby agree that the member shall fulfill the legal obligation, if the above documents are sent electronicallyto any one of the above e-mail ids. I/we agree that the member will be not responsible for non-receipt of documents sentvia electronic delivery due to change in email address / correspondence address as mentioned. I/we also agree thatmember shall not take cognizance of out of office / out of-station auto replies and I/we shall be deemed to have receivedsuch electronic mails.Thanking You,Signature :Client Code : ________________________________Client Name : ________________________________Date:Alpari Financial Services (India) Pvt. Ltd.Mumbai.Client Defaulter DeclarationDear Sir,I, ___________________________________________________ having PAN No: ____________________ do herebydeclare that I have not been involved in any terrorist activity and I have nor been declared as defaulter or my name is notappearing in defaulter database as per SEBI / Various Exchanges / Regulatory bodies / CIBIL (Credit Information Bureau ofIndia Ltd.) etc. I further declare that the above mentioned declaration / statement is true and correct.Thanking you,Yours Faithfully,Signature of the Client:Name of the client:Client Code:32

Acknowledgement of receipt of documentsDateTo,Alpari Financial Services India Pvt LtdBandra Kurla Complex,MumbaiSub: Acknowledgement of Receipt of Signed DocumentsWith reference to the provision of the Sebi circular MIRSD/ SE /Cir-19/2009 dated December 3, 2009, we herebystate that we have received signed copy of Member client documents, Risk Disclosure Documents and othermandatory/voluntary documents executed by meThanking youSignature : _________________________________Client Code : ________________________________Client Name : ________________________________CONSENT FOR VERIFICATION THROUGH THIRD PARTYI/We, the undersigned, hereby give my/our consent to Alpari Financial Services (India) Pvt Ltd to undertake theverification for my/our identity through a third party agency.I/We further consent for the said agency executives/employees to visit my/our office and residential premises and askfor the necessary information and documents as required to complete the KYC procedure in compliance with theRules, Regulations and Norms of exchanges/SEBI.For _____________________________________________________________________________________Client's Signature

Alpari Financial Services (India) Pvt. Ltd.76 C, 3 North Avenue, Maker MaxityBandra Kurla Complex, Bandra EastMumbai - 400 051. INDIAT: +91-22-3367 3000 F: +91-22-3367 3001E: info@alpari.co.in w: www.alpari.co.inInvestor Grivence Email - ig.futures@alpari.co.inSEBI REGISTRATIONCurrency Derivatives : NSE: INE 231376935, USE: INE 271381233, MCX-SX: INE261383637Name of Clearing Member :IL&FS Securities Services Ltd.Address: IL&FS House, Plot No 14, Raheja Vihar, Chandivali, Andheri E, Mumbai - 400 072, IndiaTel: 022-4249 3000 Fax: 022-2857 0983 / 2857 6134Sebi Registration No: INE 231308334Sub-broker / IB Contact Details