Rules and Regulations
This document contains important information regarding the terms and
conditions, which apply to your Net -Trading Account with Alice Blue Securities (P) Ltd. PLEASE READ THIS DOCUMENT CAREFULLY and retain it for future
reference. Please note that the information contained herein is subject
to change without notice.
Opening your Trading Account
'To start Net trading with Alice Blue Securities (P) Ltd. you need to open a
trading Account and a Depository (or Demat shares) Account with Alice Blue Securities (P) Ltd.. All receipts and payments for buying and selling of
shares and all commissions and charges will be posted to your trading
Account . Shares which you buy and sell through the trading Account will
be received in or delivered from your demat Account. Trading account
refers to the account of client maintained by Alice Blue Securities (P) Ltd. in
their books of accounts. Demat account refers to the account opened by
you with Depository for holding securities in electronic form. For the
purpose of Net-Trading through Alice Blue Securities (P) Ltd. demat account
refers to the account opened by client with National Securities
Depository Limited (NSDL) through Alice Blue Securities (P) Ltd. as Depository
Participants (DP). If you already have a demat Account with Alice Blue Securities (P) Ltd., then the same Account can be linked to your Net trading
Account. Just give us your Account details at the time of becoming a Net
trading customer. Before we can make your Account operative, we require
that you fill and sign all forms / agreements which form part of your
Account opening kit, and supply us with all the relevant legal documents
and financial information which law requires us to maintain. You
warrant and represent that the information that you supply in your
Account Application is accurate and truthful. You also expressly
authorizeAlice Blue Securities (P) Ltd. to obtain reports concerning your
credit standing and business conduct. If your application is approved, Alice Blue Securities (P) Ltd. will open a Net trading Account (an "Account")
for you. We reserve the absolute right to either accept or reject your
application on any grounds whatsoever and you agree that you shall not
dispute the result in any manner whatsoever.
B) Investment advice
You acknowledge that whileAlice Blue Securities (P) Ltd. does provide advice
regarding the suitability or profitability of a Scrip or investment, or
any other tax or legal advice it may add on from time to time, You
assume full responsibility with respect to transactions in or for your
Account and your investment decisions. Alice Blue Securities (P) Ltd. and its
officers, directors, employees, agents and affiliates will have no
liability with respect to transactions in or for your Account and your
C) Applicable rules and regulations
All transactions in your Account shall be subject to the constitution,
rules, regulations, customs and usage of the exchange or market, and
its clearing house, if any, where the transactions are executed by Alice Blue Securities (P) Ltd. or its agents, including Alice Blue Securities (P) Ltd subsidiaries and affiliates. Also, where applicable, the transactions
shall be subject to the provisions of the Securities and Contracts
Regulations Act (SCRA), as amended, and to the rules and regulations of
the Securities and Exchange Board of India (SEBI), National Securities
Depository Limited (NSDL), the exchanges whereAlice Blue Securities (P) Ltdwill facilitate trading, and any applicable self-regulatory organization
D) Who is eligible
You can open these Accounts if you are over 18 years and if you will
operate this on an individual basis. It is open for resident Indian
only. Indian regulations require us to maintain basic financial details
about each client. You need to provide us the details of your bank
Account. Your signatures on the Account opening form need to be the
same, as maintained in the bank records. All Resident Individuals need
to provide us Income Tax returns details - IT PAN/GIR number, during
your Account opening process
E) Commissions and fees
As mutually agreed and subject to the maximum prescribed by SEBI
F) Depository Account
1. Joint Accounts
Your demat Account can be held jointly with other people (typically
relatives). For your demat Account, an instruction given to us by
someone who knows your password will be necessary and sufficient
condition to effect a transaction. Please note that normally regulations
require both the Account holders to sign on instruction but that you
are agreeable to any transactions on such Account being executed in the
manner outlined above.
You can also nominate someone in your Demat Account, who becomes the
beneficiary of the shares held in the Account in the unfortunate event
of your demise.
H) Digital contract notes
Contract notes, as per the prevailing rules and regulations, shall be
issued within the stipulated time limit by e-mail to the address
submitted by you.
I) Exposure Limit
Different scrips attracts different margin.
J) Compliance action
We may initiate compliance action in case of any default in payments of any dues receivable by us from client.
A. Compliance action includes but not limited to --
- Squaring off of outstanding transactions.
- We have full LIEN ON
CASH AND SECURITIES BALANCES in trading account /depository account of
client and may sale such securities lying with us or stock lying in
client depository account with us. Any loss arising out of squaring off
or sale of securities will be to client account and we will not be
liable for any cost or damage or any consequences thereof.
- Locking / suspending
client account and no further transactions will be allowed till the time
all dues are settled or till the time as may deem fit by us.
- Withholding payout of securities bought by client against any dues receivable by us.
- Levy of interest @24
p.a. for any delay in receipt of our dues, which includes pay in amount,
margin amount, fees, commission, or pay other charges.
- We may take any one or
all compliance actions as mentioned above and will intimate to the
client on compliance action being taken and details thereof.