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This document contains the terms and conditions (the "Terms") applicable to the
opening and operation of your (hereinafter referred to as the "Client") account
for utilising the web services offered by Yoha Securities Ltd services at Bsewebx.com
a trading member of the National Stock Exchange, Mumbai (hereinafter referred to
as "NSE"), the Stock Exchange, Mumbai (hereinafter referred to as "BSE") and the
Over The Counter Exchange of India (hereinafter referred to as "OTCEI") (NSE, BSE
and OTCEI hereinafter individually referred to as "Exchange" and collectively referred
to as the "Exchanges").
1. GENERAL TERMS AND CONDITIONS GOVERNING THE SERVICE
The Client is aware that all the orders placed by him/her/it will be through www.bsewebx.com,
the web site and the transaction order system maintained by the Member.
All transactions that are carried out by and on behalf of the Client shall be subject
to Government notifications, the rules, regulations and guidelines issued by SEBI,
the Reserve Bank of India and the National Securities Depository Limited, the Central
Depository Services Limited, the Securities Contracts Regulation Act and the rules
made thereunder, and the byelaws, constitution, rules, regulations, customs and
usage of the Exchanges and their clearing houses, if any, on which such transactions
are executed and/or cleared by the Member.
(a) The Client agrees that all investment and disinvestment decisions are based
on the Client's own evaluation of financial circumstances and investment objectives.
This extends to any decision made by the Client on the basis of any information
that may be made available on the web site of the Member. The Client will not hold,
nor seek to hold the Member or any of its officers, directors, employees, agents,
subsidiaries, affiliates or business associates liable for any trading losses or
other losses, costs or damage incurred by the Client consequent upon relying on
investment information, research opinions or advice or any other material/information
whatsoever on the web site whether put up by the Member or any other agency. The
Member does not represent, and shall not be deemed to have represented, that the
investment information on the web site is accurate or complete.
(b) The Client is aware that any information on the web site based on the research
of the Member or other external sources is subject to normal variations in the stock
market and is merely an estimation of the viability or otherwise of certain investments,
and the Member shall not be deemed to have assumed any responsibility for such information.
The Client should seek independent professional advice regarding the suitability
of any investment decision. The Client also acknowledges that the Member's employees
are not authorised to give any such advice and that the Client will not solicit
or rely upon any such advice from the Member or any of its employees.
The Client agrees to complete any further documentation that may be required by
the Exchanges and regulatory authorities or under the Member's policies from time
to time.
It is clarified that the subject matter of the Terms is trading in shares or purchase
and sale of shares in dematerialised form in the cash/ normal segment of the market
and does not include trading in derivative products or in the carry forward segment
Initial Margin
Shortfall in Margin
Responsibility of the orders , modification & its deletion
The Client accepts responsibility for knowing the status of all corporate benefits
like rights and bonus issues, dividends and stock splits of shares he/she/it intends
to trade in or held in his/her/its account. The Client accepts responsibility for
knowing the correct ISIN numbers of the shares in his/her/its account and the eligibility
of the shares to meet share pay in obligations to Exchanges whether received by
way of purchases, rights, bonuses, stock splits, off market transfers or otherwise
(i) The Client agrees to pay the brokerage charges, Exchange related charges, statutory
charges and any other charges (including but not limited to security handling charges
on settlement) as they exist from time to time and as they apply to the Client's
account, in respect of transactions and services that the Client receives from the
Member. The brokerage shall be paid in the manner intimated by the Member to the
Client from time to time, including as a percentage of the value of the trade or
as a flat fee or otherwise, together with the service tax as may be applicable from
time to time on the same. The Client further agrees to pay any applicable taxes
that may be levied on the transaction.
(ii) The Member shall debit the charges of the depository participant for the trades
and the bank charges for the realisation of cheques etc. to the Client's account.
Notwithstanding anything contained in these Terms, any amounts which are overdue
from the Client to the Member will be charged delayed payment charges at the rate
of 2% per month or such other rate as may be determined by the Member and notified
on the web site and the Client hereby authorises the Member to directly debit the
same to the account of the Client at the end of each month.
All the securities and monies belonging to the Client in any depository or bank
account which is under the control of or in the possession of the Member shall be
subject to a lien for the discharge of any obligation or indebtedness of the Client
or a member of the Client's Group to the Member. In enforcing the lien, the Member
shall have the sole discretion of determining the securities or assets that are
to be liquidated.
The Client understands that the Member may at any time, at its sole discretion and
without prior notice to the Client, prohibit or restrict the Client's access to
the use of the web site or related services and the Client's ability to trade. The
Member may terminate the Client's account at any time for any reason and without
prior notice to the Client. The Client will bear any loss that he/she/it may be
faced with due to inability to execute further trades on account of such restriction.
The closing of an account will not affect the rights and/or obligations of either
the Member or the Client incurred prior to the date the account is closed.
The Member is deemed to act as the agent of the Client for all purposes unless the
Member notifies the Client, electronically or in writing, that the Member is acting
otherwise. The Client agrees that the Member acts as the agent of the Client to
complete all such transactions and is authorised to make advances and expend monies
as required.
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