JAMNADAS VIRJI SHARES & STOCK BROKERS PVT. LTD.jvsons.com/pdf/CLIENT REG FORM.pdf · JAMNADAS VIRJI SHARES & STOCK BROKERS PVT. LTD. ... Mumbai - 400 701. Tel.: 6177 8067/68, 6177

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(This information is the sole property of the trading member / brokerage house and would not be disclosedto anyone unless required by law or in case of express permission of clients.)

1. Name of the Client:

Telephone Number: Res : Fax :

2. MAPIN UID No. (where obtained)

3. Sex:

(Name) (Middle Name) (Surname)

5. Marital Status:

6. Residence/Foreign Address:

City : Pin Code : (Compulsory)

State : Country :

Nationality : Edu. Qualification :

Residential Status: Indian / NRI -Repartriable / NRI -Non Repartriable / Proprietor / Others

Affix latestcolour

photograph(if client isindividual)

Please Signacross

the photograph

X

4. Date of Birth:

� Male � Female

Mobile:

COMPULSORY1. The following format has to be obtained from all clients (other than institutional clients).2. Separate form to be obtained in respect of all constituents including PMS clients.3. All columns are to be filled in by the clients in his/her own hand and copies of relevant supporting

documents need to be attached by the clients.

INDIVIDUAL

(Please fillup in Capital Letters)

Telephone Number: Fax :

Correspondence Address:

City : Pin Code : (Compulsory)

State : Country :

Email ID:

RBI/Authorised Dealer Permission No. (For NRI):

To,

Off.: 811-812, Stock Exchange Towers, Dalal Street, Fort, Mumbai - 400 001. � Tel. : 2272 2970 / 71 / 72 / 73 / 74 � Fax : 2272 2975E-mail: [email protected]

JAMNADAS VIRJI SHARES & STOCK BROKERS PVT. LTD.MEMBER: BOMBAY STOCK EXCHANGE LIMITED - NATIONAL STOCK EXCHANGE OF INDIA LTD.

Clearing Member NSE F & O Segment: Stock Holding Corp. of India Ltd., Plot No. P-51, T.T.C. Industrial Area, MIDC, Mahape, NaviMumbai - 400 701. Tel.: 6177 8067/68, 6177 8073/74 Fax: 6177 8070 Sebi Regn. No.: INF 231133036

DERIVATIVES

BSE : SEBI Reg. No. INF010996236

NSE : SEBI Reg. No. INF231183733

B.S.E. CAPITAL MARKET

CLEARING NO. 339

SEBI REG. NO. INB010996236

N.S.E. CAPITAL MARKET

Code. No.11837

SEBI Reg. No. INB231183733

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Telephone Number (Office) :______________________ Fax / Telex No. :_______________________

Office Address:_____________________________________________________________________

City:__________________ Pin Code:__________ State :_______________ Country :_____________

10. If Employed

Name of Employer/Self Employed / Business / Professional/Others_____________________________

11. If Self Employed / Business / Professional/Others

12. Financial details of the constituent:Income Range (Per Annum): (Tick where applicable) Below Rs. 1,00,000 � Rs. 1,00,000 To Rs. 5,00,000 �

13. Investment/Trading Experience No Prior Experience _________Years in Stocks

_________Years in Derivatives ______Years in Other investment related fields

Rs. 5,00,000 To Rs. 10,00,000 � Rs. 10,00,000 To Rs. 25,00,000 � Above Rs.25,00,000 �

9. Occupation Details

Occupation : (Tick whichever is applicable) � Employed � Self Employed � Business � Professional � House Wife � Others

8. Income Tax No. (PAN)

7. Bank and Depository Account Details

Bank Name (1)(through which transactions will generally be routed.)

Branch : Address:

Account No: Account Type: � Savings � Current � NRI � Others :

(Copy of a cancelled Cheque leaf/pass book/bank statement containing name of the constituent should be submitted.)

Depository Participant Name (2)

Address

DP ID BO Account No.

Depository Participant Name (1)

Address

(through which transactions will generally be routed.)


MICR No:

Bank Name (2)

Branch : Address:

Account No: Account Type: � Savings � Current � NRI � Others :

MICR No:

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X

X

X

X

X

18. DECLARATION : I hereby declare that the details furnished above are true and correct to the best of my knowledge andbelief and I undertake to inform you of any changes therein immediately. In case any of the above information is found to be falseor untrue or misleading or misrepresenting I am aware that I may be held liable for it.

(Signature of the individual constituent)

Place: _______________________________

Date: _______________________________

Address: (Provide Proof)

17. ReferencesIntroduction: Introduced by another constituent / director or employee of trading member / any other person (please specify)

Name of the Introducer:

Identity Proof of introducer: (Provide Proof)

PAN of Introducer:

Signature of the employee

Signature of Introducer

16. Details of any action taken by SEBI/Stock exchange/any other authority for violation of securities laws/othereconomic offences during last 3 years

A. Stock Exchanges and segment on which you wish to trade (if the member is registered for such Exchanges):

Sr. No. Exchange Segment Signature of client

1 BSE Cash

2 BSE F&O

3 NSE Cash

4 NSE F&O

15. Whether registered with any other broker-member: (if registered with multiple members, provide details of all)

Name of Broker:

Name of Exchange: Client Code No.:

14. Trading Preference (please write these details in your own hand writing)

(If introducer is registered with Jamnadas Virji Shares & StockBrokers Pvt. Ltd. provide UCC Code No. ________________)

Name and designation of the employee who interviewed the client:

(Name)

(Designation)

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In Person Verification done by:

Name: _______________________________________________________________________________________________________

Designation: __________________________________________________________________________________________________

Branch/HO: ___________________________________________________________________________________________________

Date:___________________________________________ Signature: ___________________________________________________

Check in list of Entities debarred by SEBI, data provided by BSE/NSE website as on date _________

Checked by: ____________________________________ Signature: ___________________________________________________

DISCLOSURE IN TERMS OF SEBI CIRCULAR NO.: SEBI/MRD/SE/CIR-42/2003DATED NOVEMBER 19, 2003

Jamnadas Virji Shares & Stock Brokers Pvt. Ltd. caters to Institutional, Corporate, High net-worth

and other retail clients through membership of various exchanges.

Jamnadas Virji Shares & Stock Brokers Pvt. Ltd. besides doing client based business also does its

own investment and/or trading.

For Jamnadas Virji Shares & Stock Brokers Pvt. Ltd. “Proprietary Trading Disclosure noted”

Director/Authorised Signatory Client Name :

Client Code :

Client’s Signature

X

For Office Purposes:Unique Constituent Code : (to be inserted by the Brokerage Firm) ________________________________________________

Verification done by:

Verified By ___________________________________________ Authorised By : ________________________________________

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To,

COMPULSORY1. The following format has to be obtained from all clients (other than institutional clients).2. Separate form to be obtained in respect of all constituents including PMS clients.3. All columns are to be filled in by the clients in his/her own hand and copies of relevant supporting

documents need to be attached by the clients.

NON- INDIVIDUAL

(This information is the sole property of the trading member / brokerage house and would not bedisclosed to anyone unless required by law or in case of express permission of clients.)

CLIENT REGISTRATION FORM FOR CORPORATES, FIRMS, HUF AND OTHERS

1.Name of the Company / Firm:

2.MAPIN UID No. (where obtained)

3.Registered Office Address:

5. Date of Incorporation/Formation:

6. Date of Commencement of Business:

7. Nature of Business:

10. Names of Promoters / Partners / Karta and residential address

9. Details of PAN Account Number:

8. Registration number (with ROC, SEBI or any government authority)

1. Name Address :

City : Pin Code: (Compulsory)

State : Country:

4. Address for Correspondence :

Telephone Number(s) : Fax: E-mail ID:

2. Name Address :3. Name Address :

4. Name Address :5. Name Address :

City : Pin Code:

State : Country:

Telephone Number(s) : Fax: E-mail ID:

JAMNADAS VIRJI SHARES & STOCK BROKERS PVT. LTD.MEMBER: BOMBAY STOCK EXCHANGE LIMITED - NATIONAL STOCK EXCHANGE OF INDIA LTD.

DERIVATIVES

BSE : SEBI Reg. No. INF010996236

NSE : SEBI Reg. No. INF231183733

B.S.E. CAPITAL MARKET

CLEARING NO. 339

SEBI REG. NO. INB010996236

N.S.E. CAPITAL MARKET

Code. No.11837

SEBI Reg. No. INB231183733

Off.: 811-812, Stock Exchange Towers, Dalal Street, Fort, Mumbai - 400 001. � Tel. : 2272 2970 / 71 / 72 / 73 / 74 � Fax : 2272 2975E-mail: [email protected]

Clearing Member NSE F & O Segment: Stock Holding Corp. of India Ltd., Plot No. P-51, T.T.C. Industrial Area, MIDC, Mahape, NaviMumbai - 400 701. Tel.: 6177 8067/68, 6177 8073/74 Fax: 6177 8070 Sebi Regn. No.: INF 231133036

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11. Names of whole time directors and residential address1. Name Address :2. Name Address :3. Name Address :

13. Details of any action taken by SEBI/Stock exchange/any other authority against the constituent or its Partners/promoters/whole timedirectors/authorized persons in charge of dealing in securities for violation of securities laws/other economic offences during last 3 years.

14.Bank Name(through which transactions will generally be routed.)

Address:

Branch: Account No: Account Type:

(Copy of a cancelled Cheque leaf/pass book/bank statement containing name of the constituent should be submitted.)

15. Depository Participant Name

Address

(through which transactions will generally be routed.)Address


16. Investment/Trading Experience No Prior Experience _________Years in Stocks

_________Years in Derivatives _________Years in Other investment related fields

3. Name Address :

Bank and Depository Account (If you are having more than one account, provide details in separate sheet)

12. Names and Designation of persons authorized to deal in securities on behalf of the company / firm / others and their residential address1. Name Address :

2. Name Address :

17. Trading Preference (please write these details in your own hand writing)

A. Stock Exchanges and segment on which you wish to trade (if the member is registered for suchExchanges):

Sr. No. Exchange Segment Signature of client

1 BSE Cash

2 BSE F&O

3 NSE Cash

4 NSE F&O

X

X

X

X

15A. Financial details of the constituent:Income Range (Per Annum): (Tick where applicable) Below Rs. 1,00,000 � Rs. 1,00,000 To Rs. 5,00,000 �


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FOR OFFICE PURPOSES:Unique Constituent Code : (to be inserted by the Brokerage Firm) ________________________________________________

Verification done by:

Verified By ___________________________________________ Authorised By : ________________________________________

20. DECLARATION : 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 above information is foundto be false or untrue or misleading or misrepresenting I am / We are aware that I/ We may be held liable for it.

(Signature of the individual constituent)

Place: _______________________________

Date: _______________________________

IN PERSON VERIFICATION DONE BY:

Name: _______________________________________________________________________________________________________

Designation: __________________________________________________________________________________________________

Branch/HO: ___________________________________________________________________________________________________

Date:___________________________________________ Signature: ___________________________________________________

Check in list of Entities debarred by SEBI, data provided by BSE/NSE website as on date _________

Checked by: ____________________________________ Signature: ___________________________________________________

X

Address: (Provide Proof)

19. REFERENCESIntroduction: Introduced by another constituent / director or employee of trading member / any other person (please specify)

Name of the Introducer:

Identity Proof of introducer: (Provide Proof)

PAN of Introducer:

Signature of the employee

Signature of Introducer(If introducer is registered with Jamnadas Virji Shares & StockBrokers Pvt. Ltd. provide UCC Code No. ________________)

Name and designation of the employee who interviewed the client:

(Name)

(Designation)

18. Whether registered with any other broker-member: (if registered with multiple members, provide details of all)

Name of Broker:

Name of Exchange: Client Code No.:

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DISCLOSURE IN TERMS OF SEBI CIRCULAR NO.: SEBI/MRD/SE/CIR-42/2003DATED NOVEMBER 19, 2003

Jamnadas Virji Shares & Stock Brokers Pvt. Ltd. caters to Institutional, Corporate, High net-worth

and other retail clients through membership of various exchanges.

Jamnadas Virji Shares & Stock Brokers Pvt. Ltd. besides doing client based business also does its

own investment and/or trading.

For Jamnadas Virji Shares & Stock Brokers Pvt. Ltd. “Proprietary Trading Disclosure noted”

Director/Authorised Signatory Client Name :

Client Code :

Client’s Signature

X

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Name :

Designation :

MAPIN UID :

PAN No. :

Sex : Male / Female

Date of Birth

Nationality :

Residential Address :

Telephone No. :

Qualification :

Equity Stake/Share in Company / Firm

Pan Card Copy and any one of the following should be furnished duly self attested

1) Passport. 2) Driving License 3) Ration Card 4) Voter Card

Signature

Place:

Date:

PLEASE

SIGN ON

PHOTOGRAPH

ANNEXURE

DETAILS OF DIRECTOR / PARTNER / KARTA

Financial details:Income Range (Per Annum): (Tick where applicable) Below Rs. 1,00,000 � Rs. 1,00,000 To Rs. 5,00,000 �


X

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(THIS DOCUMENT SHOULD BE READ AND UNDERSTOOD BY THE CLIENT ANDALL THE PAGES SHOULD BE SIGNED BY THE CLIENTS)

COMBINED RISK DISCLOSURE DOCUMENT FOR CAPITAL MARKET/CASH SEGMENT & FUTURES& OPTIONS SEGMENT (TO BE GIVEN BY THE BROKER TO THE CLIENT)

This document is issued by the member of the National Stock Exchange of India (hereinafter referred to as“NSE”) / Bombay Stock Exchange Limited (hereinafter referred to as “BSE”) which has been formulated bythe Exchanges in coordination with the Securities and Exchange Board of India (hereinafter referred to as“SEBI”) and contains important information on trading in Equities and F&O Segments of NSE / BSE. Allprospective constituents should read this document before trading on Capital Market/Cash Segment or F&Osegment of the Exchanges.

NSE/BSE/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 nor hasNSE/BSE/SEBI endorsed or passed any merits of participating in the trading segments. This brief statementdoes 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 thecontractual relationship into which you are entering and the extent of your exposure to risk.

You must know and appreciate that investment in Equity shares, derivative or other instruments traded onthe Stock Exchange(s), 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 NSE/BSE and suffer adverse consequences or loss, you shall be solelyresponsible for the same and NSE/BSE, its Clearing Corporation/Clearing House 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 member. The constituent shall be solely responsible for the consequences andno 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 a securityor derivative being traded on NSE/BSE.

It must be clearly understood by you that your dealings on NSE/BSE through a member shall be subject toyour fulfilling certain formalities set out by the member, which may interalia include your filling the know yourclient form, client registration form, execution of an agreement, etc., and are subject to the Rules, Byelawsand Regulations of NSE/BSE and its Clearing Corporation, guidelines prescribed by SEBI and in force fromtime to time and Circulars as may be issued by NSE/BSE or its Clearing Corporation/Clearing House and inforce from time to time.

NSE/BSE does not provide or purport to provide any advice and shall not be liable to any person who entersinto any business relationship with any trading member and/or sub-broker of NSE/BSE and/or any third partybased on any information contained in this document. Any information contained in this document must notbe construed as business advice/investment advice. No consideration to trade should be made withoutthoroughly understanding and reviewing the risks involved in such trading. If you are unsure, you must seekprofessional advice on the same.

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 INVOLVED IN TRADING ON THE STOCK EXCHANGE (EQUITY AND OTHERINSTRUMENTS)1.1 Risk of Higher Volatility:Volatility refers to the dynamic changes in price that securities undergo when trading activity continues onthe Stock Exchange. Generally, higher the volatility of a security/contract, greater is its price swings. Theremay be normally greater volatility in thinly traded securities/contracts than in active securities/contracts. Asa result of volatility, your order may only be partially executed or not executed at all, or the price at which

COMPULSORY

X _________________________

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your order got executed may be substantially different from the last traded price or change substantiallythereafter, resulting in notional or real losses.

1.2 Risk of Lower Liquidity:Liquidity refers to the ability of market participants to buy and/or sell securities / contracts expeditiously at acompetitive price and with minimal price difference. Generally, it is assumed that more the numbers oforders available in a market, greater is the liquidity. Liquidity is important because with greater liquidity, it iseasier for investors to buy and/or sell securities / contracts swiftly and with minimal price difference, and asa result, investors are more likely to pay or receive a competitive price for securities / contracts purchased orsold. There may be a risk of lower liquidity in some securities / contracts as compared to active securities /contracts. As a result, your order may only be partially executed, or may be executed with relatively greaterprice difference or may not be executed at all.

1.2.1 Buying/selling without intention of giving and/or taking delivery of a security, as part of a day tradingstrategy, may also result into losses, because in such a situation, stocks may have to be sold/purchased ata low/high prices, compared to the expected price levels, so as not to have any obligation to deliver/receivea security.

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 and immediately selling it or vice versa. Lower liquidity and higher volatility mayresult in wider than normal spreads for less liquid or illiquid securities / contracts. This in turn will hamperbetter price formation.

1.4 Risk-reducing orders:Most Exchanges have a facility for investors to place “limit orders”, “stop loss orders” etc”. The placing ofsuch orders (e.g., “stop loss” orders, or “limit” orders) which are intended to limit losses to certain amountsmay not be effective many a time because rapid movement in market conditions may make it impossible toexecute 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, the executionmay be at available prices of outstanding orders, which satisfy the order quantity, on price time priority. Itmay be understood that these prices may be significantly different from the last traded price or the best pricein that security.

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 / contract, and such ordergets activated if and when the stock / contract reaches, or trades through, the stop price. Sell stop orders areentered ordinarily below the current price, and buy stop orders are entered ordinarily above the currentprice. When the stock reaches the pre-determined price, or trades through such price, the stop loss orderconverts to a market/limit order and is executed at the limit or better. There is no assurance therefore that thelimit order will be executable since a stock / contract might penetrate the pre-determined price, in whichcase, the risk of such order not getting executed arises, just as with a regular limit order.

1.5 Risk of News Announcements:Issuers make news announcements that may impact the price of the securities / contracts. Theseannouncements may occur during trading, and when combined with lower liquidity and higher volatility, maysuddenly cause an unexpected positive or negative movement in the price of the security / contract.

1.6 Risk of Rumours:Rumours about companies at times float in the market through word of mouth, newspapers, websites ornews agencies, etc. The investors should be wary of and should desist from acting on rumours.

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.

1.7.1 During periods of volatility, on account of market participants continuously modifying their order quantityor prices or placing fresh orders, there may be delays in order execution and its confirmations.

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1.7.2 Under certain market conditions, it may be difficult or impossible to liquidate a position in the market ata reasonable price or at all, when there are no outstanding orders either on the buy side or the sell side, orif trading is halted in a security due to any action on account of unusual trading activity or stock hitting circuitfilters or for any other reason.

1.8 System/Network Congestion:Trading on NSE/BSE is in electronic mode, based on satellite/leased line based communications, combinationof technologies and computer systems to place and route orders. Thus, there exists a possibility ofcommunication 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 the control of and may result in delay in processing or not processing buy or sell orderseither in part or in full. You are cautioned to note that although these problems may be temporary in nature,but when you have outstanding open positions or unexecuted orders, these represent a risk because of yourobligations to settle all executed transactions.

2. As far as Futures and Options segment is concerned, please note and get yourself acquainted with thefollowing additional features:-

2.1 Effect of “Leverage” or “Gearing”The amount of margin is small relative to the value of the derivatives contract so the transactions are‘leveraged’ or ‘geared’.

Derivatives trading, which is conducted with a relatively small amount of margin, provides the possibility ofgreat profit or loss in comparison with the principal investment amount. But transactions in derivatives carrya high degree of risk.

You should therefore completely understand the following statements before actually trading in derivativestrading and also trade with caution while taking into account one’s circumstances, financial resources, etc. Ifthe prices move against you, you may lose a part of or whole margin equivalent to the principal investmentamount in a relatively short period of time. Moreover, the loss may exceed the original margin amount.

A. Futures trading involves daily settlement of all positions. Every day the open positions are marked tomarket based on the closing level of the index. If the index has moved against you, you will be required todeposit the amount of loss (notional) resulting from such movement. This margin will have to be paidwithin a stipulated time frame, generally before commencement of trading next day.

B. If you fail to deposit the additional margin by the deadline or if an outstanding debt occurs in your account,the broker/member may liquidate a part of or the whole position or substitute securities. In this case, youwill be liable 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 oroffers or 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 existingopen interests. 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 the derivatives contracts you plan to trade i.e. thecontract specifications and the associated obligations.

2.2. Risk of Option holders1. An option holder runs the risk of losing the entire amount paid for the option in a relatively short period of

time. This risk reflects the nature of an option as a wasting asset which becomes worthless when itexpires. An option holder who neither sells his option in the secondary market nor exercises it prior to itsexpiration will necessarily lose his entire investment in the option. If the price of the underlying does notchange in the anticipated direction before the option expires to an extent sufficient to cover the cost of theoption, the investor may lose all or a significant part of his investment in the option.

2. The Exchange may impose exercise restrictions and have absolute authority to restrict the exercise ofoptions at certain times in specified circumstances.

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2.3 Risks of Option Writers1. If the price movement of the underlying is not in the anticipated direction, the option writer runs the risks

of losing 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 optionsin combination 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 singleoption. And it should be further noted that, as in any area of investing, a complexity not well understood is,in itself, a risk factor. While this is not to suggest that combination strategies should not be considered, itis advisable, as is the case with all investments in options, to consult with someone who is experiencedand knowledgeable with respect to the risks and potential rewards of combination transactions undervarious market circumstances.

3. GENERAL3.1 Commission and other chargesBefore you begin to trade, you should obtain a clear explanation of all commission, fees and other chargesfor which you will be liable. These charges will affect your net profit (if any) or increase your loss.

3.2 Deposited cash and propertyYou should familiarise yourself with the protections accorded to the money or other property you depositparticularly in the event of a firm insolvency or bankruptcy. The extent to which you may recover your moneyor property may be governed by specific legislation or local rules. In some jurisdictions, property which hasbeen specifically identifiable as your own will be pro-rated in the same manner as cash for purposes ofdistribution in the event of a shortfall. In case of any dispute with the member, the same shall be subject toarbitration as per the byelaws/regulations of the Exchange.

3.3 For rights and obligations of the clients, please refer to Annexure-1 enclosed with this document.

3.4 The term ‘constituent’ shall mean and include a client, a customer or an investor, who deals with amember for the purpose of acquiring and/or selling of securities through the mechanism provided by NSE/BSE.

3.5 The term ‘member’ shall mean and include a trading member, a broker or a stock broker, who has beenadmitted as such by NSE/BSE and who holds a registration certificate as a stock broker from SEBI.

I hereby acknowledge that I have received and understood this risk disclosure statement and Annexure-1containing my rights and obligations.

Customer Signature:

(If Partner, Corporate, or other Signatory, then attest with company seal.)DD MM YYYY

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ANNEXURE - 1INVESTORS’ RIGHTS AND OBLIGATIONS

1.1 You should familiarise yourself with the protection accorded to the money or other property you maydeposit with your member, particularly in the event of a default in the stock market or the broking firm’sinsolvency or bankruptcy.

1.1.1 Please ensure that you have a documentary proof of your having made deposit of such money orproperty with the member, stating towards which account such money or property deposited.

1.1.2 Further, it may be noted that the extent to which you may recover such money or property may begoverned by the Bye-laws and Regulations of NSE/BSE and the scheme of the Investors’ Protection Fund inforce from time to time.

1.1.3 Any dispute with the member with respect to deposits, margin money, etc., and producing an appropriateproof thereof, shall be subject to arbitration as per the Rules, Byelaws/Regulations of NSE/BSE or its ClearingCorporation / Clearing House.

1.2 Before you begin to trade, you should obtain a clear idea from your member of all brokerage, commissions,fees and other charges which will be levied on you for trading. These charges will affect your net cash inflowor outflow.

1.3 You should exercise due diligence and comply with the following requirements of the NSE/BSE and/orSEBI:

1.3.1 Please deal only with and through SEBI registered members of the Stock Exchange and are enabled totrade on the Exchange. All SEBI registered members are given a registration no., which may be verified fromSEBI. The details of all members of NSE/BSE and whether they are enabled to trade may be verified fromNSE/BSE website (www.nseindia.com/www.bseindia.com).

1.3.2 Demand any such information, details and documents from the member, for the purpose of verification,as you may find it necessary to satisfy yourself about his credentials.

1.3.3 Furnish all such details in full as are required by the member as required in “Know Your Client” form,which may also include details of PAN or Passport or Driving Licence or Voters Id, or Ration Card, bankaccount and depository account, or any such details made mandatory by SEBI/NSE/BSE at any time, as isavailable with the investor.

1.3.4 Execute a broker-client agreement in the form prescribed by SEBI and/or the Relevant Authority ofNSE/BSE or its Clearing Corporation / Clearing House from time to time, because this may be useful as aproof of your dealing arrangements with the member.

1.3.5 Give any order for buy or sell of a security in writing or in such form or manner, as may be mutuallyagreed. Giving instructions in writing ensures that you have proof of your intent, in case of disputes with themember.

1.3.6 Ensure that a contract note is issued to you by the member which contains minute records of everytransaction. Verify that the contract note contains details of order no., trade number, trade time, trade price,trade quantity, name of security, client code allotted to you and showing the brokerage separately. Contractnotes are required to be given/sent by the member to the investors latest on the next working day of the trade.Contract note can be issued by the member either in electronic form using digital signature as required, or inhard copy. In case you do not receive a contract note on the next working day or at a mutually agreed time,please get in touch with the Investors Grievance Cell of NSE/BSE, without delaying.

1.3.7 Facility of Trade Verification is available on NSE/BSE website (www.nseindia.com/www.bseindia.com),where details of trade as mentioned in the contract note may be verified from the trade date upto five tradingdays. Where trade details on the website, do not tally with the details mentioned in the contract note, immediatelyget in touch with the Investors Grievance Cell of NSE/BSE.

1.3.8 Ensure that payment/delivery of securities against settlement is given to the concerned member within

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one working day prior to the date of pay-in announced by NSE/BSE or it’s Clearing Corporation / ClearingHouse. Payments should be made only by account payee cheque in favour of the firm/company of the tradingmember and a receipt or acknowledgement towards what such payment is made be obtained from themember. Delivery of securities is made to the pool account of the member rather than to the beneficiaryaccount of the member.

1.3.9 In case pay-out of money and/or securities is not received on the next working day after date of pay-outannounced by NSE/BSE or its Clearing Corporation / Clearing House, please follow-up with the concernedmember for its release. In case pay-out is not released as above from the member within five working days,ensure that you lodge a complaint immediately with the Investors’ Grievance Cell of NSE/BSE.

1.3.10 Every member is required to send a complete ‘Statement of Accounts’, for both funds and securitiessettlement to each of its constituents, at such periodicity as may be prescribed by time to time. You shouldreport errors, if any, in the Statement immediately, but not later than 30 calendar days of receipt thereof, tothe member. In case the error is not rectified or there is a dispute, ensure that you refer such matter to theInvestors Grievance Cell of NSE/BSE, without delaying.

1.3.11 In case of a complaint against a member/registered sub-broker, you should address the complaint tothe Office as may be specified by NSE/BSE from time to time.

1.4 In case where a member surrenders his membership, NSE/BSE gives a public notice inviting claims, ifany, from investors. In case of a claim, relating to “transactions executed on the trading system” of NSE/BSE,ensure that you lodge a claim with NSE/BSE/NSCCL/Clearing House within the stipulated period and withthe supporting documents.

1.5 In case where a member is expelled from trading membership or declared a defaulter, NSE/BSE gives apublic notice inviting claims, if any, from investors. In case of a claim, relating to “transactions executed on thetrading system” of NSE/BSE, ensure that you lodge a claim with NSE/BSE within the stipulated period andwith the supporting documents.

1.6 Claims against a defaulter/expelled member found to be valid as prescribed in the relevant Rules/Bye-laws and the scheme under the Investors’ Protection Fund (IPF) may be payable first out of the amountvested in the Committee for Settlement of Claims against Defaulters, on pro-rata basis if the amount isinadequate. The balance amount of claims, if any, to a maximum amount of Rs.10 lakhs per investor claim,per defaulter/expelled member may be payable subject to such claims being found payable under the schemeof the IPF.

Notes:

1. The term ‘constituent’ shall mean and include a client, a customer or an investor, who deals with a tradingmember of NSE/BSE for the purpose of acquiring and / or selling of securities through the mechanismprovided by NSE/BSE.

2. The term ‘member’ shall mean and include a member or a broker or a stock broker, who has been admittedas such by NSE/BSE and who holds a registration certificate as a stock broker from SEBI.

3. NSE/BSE may be substituted with names of the relevant exchanges, wherever applicable.

Signature : ___________________________________________

Clients’ Name : _____________________________________________

Dated : _____________________________________________

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Policies and Procedures (Mandatory) of Jamnadas Virji Shares & Stock Brokers Pvt. Ltd.

a. Refusal of orders for penny stocks:

Although, the term 'Penny Stock' has not been defined by BSE/ NSE or any Stock Exchanges & SEBI, apenny stock generally refers to a stock which has following mentioned characteristics:

� Has small market capitalization;

� Trades at a price less than its face value;

� Has unsound fundamentals;

� Is illiquid (A list if illiquid securities is jointly released by NSE & BSE from time to time.)

Jamnadas Virji Shares & Stock Brokers Pvt. Ltd. recognizes that it is client's privilege to choose shares inwhich he/she would like to trade. However, Jamnadas Virji Shares & Stock Brokers Pvt. Ltd. like to havespecial attention to dealing in "Penny stocks". To this end,

� Jamnadas Virji Shares & Stock Brokers Pvt. Ltd. may refuse to execute any clients orders in pennystocks without assigning any reason for the same.

� Any large order for purchase or sale of a "Penny stocks" should be referred to Head - Dealing, suchorders can be put in the market for execution.

� Clients must ensure that trading in "Penny stock" doesn't result in creation of artificial volume or falseor misleading appearance of trading. Further, clients should ensure that trading in "Penny stock"doesn't operate as a device to inflate or depress or cause fluctuations in the price of such stock.

� Clients are expected not to place orders in penny stocks at prices which are substantially differentfrom the prevailing market prices. Any such order is liable to be rejected at the sole discretion ofJamnadas Virji Shares & Stock Brokers Pvt. Ltd.

� In case of sale of penny stocks, client should ensure delivery of shares to Jamnadas Virji Shares &Stock Brokers Pvt. Ltd. before the pay-in date.

b. Setting up client's exposure limit:

� Exposure limit for each client is determined by the Risk management Department based on Net-worthinformation, client's financial capacity, prevailing market conditions and Margin deposited by client inthe form of funds/securities with the Jamnadas Virji Shares & Stock Brokers Pvt. Ltd. These limitsmay be set exchange-wise, segment-wise, & scrip-wise.

� Jamnadas Virji Shares & Stock Brokers Pvt. Ltd. retains the discretion to set and modify from time totime any clients exposure limit decided as above.

� The limits are determined by Risk Management Department based on the above criteria and paymenthistory of the client in consultation with Sales/Sales trader.

� Whenever, any client has taken over or wants to take exposure in any security, Jamnadas Virji Shares& Stock Brokers Pvt. Ltd. may call for appropriate margins in the form of early pay-in of shares orfunds before or after execution of trades in the Cash segment. In case of any margin shortfall, theclients are told to reduce the position immediately or requested to deposit extra margin to meet theshortfall. Otherwise, Jamnadas Virji Shares & Stock Brokers Pvt. Ltd. may refuse to trade on behalf ofsuch client in its own discretion.

c. Applicable brokerage rate:

� The applicable brokerage rate is mentioned in this document and any future change in the brokeragerate is communicated to the client.

� The maximum brokerage chargeable will not exceed as prescribed by SEBI and exchanges.

d. Imposition of penalty / delayed payment charges by either party, Specifying the rate and theperiod:

� Penalty and other charges levied by Exchanges pertaining to trading of the client shall be recoveredfrom the respective client.

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� If there is delay on part of client in satisfying his/her margin obligation or settlement obligations, then,Jamnadas Virji Shares & Stock Brokers Pvt. Ltd. shall levy interest at the rate of 12% p.a. on suchshortage amount for the delayed period on such client. Jamnadas Virji Shares & Stock Brokers Pvt.Ltd. shall recover such delayed payment charges from the client by debiting the client's account.

� No interest or charges will be paid by Jamnadas Virji Shares & Stock Brokers Pvt. Ltd. to any client inrespect of retention of funds or securities towards meeting future settlement obligations and in respectof running account authorizations.

e. Right to sell clients' securities or close clients' positions, without giving notice to the client, onaccount of non payment of client's Dues:

� Jamnadas Virji Shares & Stock Brokers Pvt. Ltd. has the right to close out/ liquidate or square off anyopen position of the client (limited to the extent of settlement /margin obligation) without giving anyprior notice, all or any of the client's positions as well as securities / collaterals placed as margins fornon-payments of margin or other amounts due from such client in respect of settlement or any otherdues that are recoverable from the client by Jamnadas Virji Shares & Stock Brokers Pvt. Ltd. Theproceeds of the same shall be adjusted against the client's liabilities / obligations. Any loss or financialcharges on account of such close-out /liquidation shall be debited to the client's account.

f. Shortages in obligations arising out of internal netting of trades:

� To determine the net obligation of a broker / trading cum clearing member (for securities and funds) ina settlement, clearing house does the netting of trades at the broker level. It is possible that a broker'snet obligation towards clearing house may be nil but due to default by one or more clients in satisfyingtheir obligations towards the broker, the broker internally might have shortages to fulfill its obligationtowards the other client(s). In such situation, Jamnadas Virji Shares & Stock Brokers Pvt. Ltd. shallendeavor to collect the securities from the selling client and deliver it to the purchasing client within 48hours of the settlement date. In case the selling client is unable to deliver the securities within 48hours, then Jamnadas Virji Shares & Stock Brokers Pvt. Ltd. shall attempt to purchase the securityfrom the market and deliver it to the purchasing client. If Jamnadas Virji Shares & Stock Brokers Pvt.Ltd. is unable to obtain the securities from the market, then the transaction will be closed out as perthe auction rate prescribed by the Exchange for that scrip and the closing amount will be credited tothe purchasing client and same will be debited to the selling client.

g. Conditions under which a client may not be allowed to take further position or the broker mayclose the existing position of the client

Jamnadas Virji Shares & Stock Brokers Pvt. Ltd. shall have absolute discretion and authority to limit client'svolume of business or to close any existing position of a client without giving any prior notice to the clientunder following mentioned conditions:

� Extreme volatility in the market or in particular scrip or in the F&O segment.

� There is shortfall in the margin deposited by client with Jamnadas Virji Shares & Stock Brokers Pvt.Ltd.

� There is insider trading restrictions on the client.

� There are any unforeseen adverse market conditions or any natural calamities affecting the operationof market.

� There are any restrictions imposed by Exchange or Regulator on the volume of trading outstandingpositions of contracts.

� The client is undertaking any illegal trading practice or the client is suspected to be indulging in moneylaundering activities.

� Jamnadas Virji Shares & Stock Brokers Pvt. Ltd. has reached its limit in that scrip.

� The clients has breached the client-wise limit.

� The client has taken or intends to take new position in a security which is in the ban period.

� Due to abnormal rise or fall in the market, the markets are closed.

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h. Temporarily suspending or closing a client's account based at the Client's request:

� Any client desirous of temporarily suspending his or her trading account has to give such request inwriting to the management. After management's approval, any further dealing in such client's accountwill be blocked. Whenever, any suspended account wants to resume trading, request in writing shouldbe made to management and management may ask for updated financial information & other detailsfor reactivating such account. After receiving necessary documents, details etc. and approval fromthe management, client is reactivated & is allowed to carry out transaction.

� Similarly, any client desirous of closing his/her account permanently is required to inform in writingand the decision in this regard is taken by management. After necessary approval from the manage-ment, the client code is deactivated. Only after scrutinizing the compliance requirements and "nopending queries" confirmation is taken, securities and funds accounts are settled.

i. Deregistering a Client

Jamnadas Virji Shares & Stock Brokers Pvt. Ltd. may, in its absolute discretion, decide to deregister aparticular client. The illustrative circumstances under which Jamnadas Virji Shares & Stock Brokers Pvt. Ltd.may deregister a client are given below:

� SEBI or any other regulatory body has passed an order against such client, prohibiting or suspendingsuch client from participating in the securities market.

� Such client has been indicated by a regulatory body or any government enforcement agency in caseof market manipulation or insider trading or any other case involving violation of any law, rule, regula-tion, guideline or circular governing securities market.

� Such client is suspected of indulging in illegal or criminal activities including fraud or money launder-ing.

� Such client's name appears in the UN list of prohibiting entities or SEBI debarred list.

� Such client's account has been lying dormant for a long time or client is not traceable.

� Such client has declared insolvent or any legal proceedings to declare him/her as such have beenintended.

� Such client has been irregular in fulfilling obligations towards margin or settlement dues.

� Such client has a tainted reputation and any business relationship with such clients is likely to tarnishthe reputation of Jamnadas Virji Shares & Stock Brokers Pvt. Ltd. or may act as detrimental to JamnadasVirji Shares & Stock Brokers Pvt. Ltd.'s prospects.

Any outstanding dues in the client's account will be communicated and collected from the client and the clientwill be liable to pay such dues immediately on receiving such communication.

________________________________________

(Signature of the constituent)

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Authorised by

BROKERAGE AND STATUTORY CHARGESFurther, I agree to the following terms of doing business

The above given brokerage will be exclusive of Transaction Charges, Stamp Duty, STT and Service Tax asapplicable.

Signature of the Client _________________________

UNIQUE CONSTITUENT CODE: (To be inserted by theBrokerage Firm)

FOR OFFICE USE ONLY

Entered by

NAME SIGNATURE AND DATE

BSE Cash

Segment Sq. off % Sq. off Min (ps) Settlement % Settlement Delivery % DeliveryMin (ps) Min (ps)

Buy Sell Buy Sell Buy Sell

BSE F&O

NSE Cash

NSE F&O

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VOLUNTARY

RUNNING ACCOUNT AUTHORISATION

Financial Year:______________________

From:_____________________________

__________________________________

Date :_____________________________To,JAMNADAS VIRJI SHARES & STOCK BROKERS PVT. LTD.811-812, Stock Exchange Towers, Dalal Street, Fort, Mumbai - 400 001.Dear Sir,I am / We are regularly Trading with you for Cash & Derivative Market in BSE/NSE. I/we hereby authorizedyou to do following on my/our behalf:

1. You are requested to accept all my buy / sell orders over the telephone / fax conveyed by myself/our selves or Mr. ___________________________________________ who is duly authorized byme / us, and thus no need to take our orders in writing every time. All such orders and trades willbe binding on me /us.

2. I / we hereby authorize the undersigned Mr./ Ms.________________________________________to collect & acknowledge on my /our behalf the Bills and Contracts of my /our daily transactions.

______________________________

(Signature of authorized person)3. I/We request you to maintain running balance in my account & retain the credit balance in any of

my/our account and to use the unused funds towards my/our margin/pay-in/other/future obligation(s)at any segment(s) of any or all the Exchange(s)/Clearing corporation unless I/we instruct you otherwise.

4. I/We request you to retain securities with you for my/our margin/pay-in/other/future obligation(s) atany segment(s) of any or all the Exchange(s)/Clearing corporation, unless I/We instruct you to transferthe same to my/our account.

5. I/We request you to settle my fund and securities account once in every calendar Quarter or oncein a calendar Month or such other higher period as allowed by SEBI/Stock Exchange time to timeexcept the funds given towards collaterals/margin in form of Bank Guarantee and/or Fixed DepositReceipt/Securities.

6. In case I/We have an outstanding obligation on the settlement date, you may retain the requisitesecurities/funds towards such obligations and may also retain the funds expected to be required tomeet margin obligations for next 5 trading days, calculated in the manner specified by the exchanges.

7. I/We confirm you that I will bring to your notice any dispute arising from the statement of accountor settlement so made in writing within 7 working days from the date of receipt of funds/securitiesor statement of account or statement related to it, as the case may be at your registered office. Afterthat I/We shall have no right to dispute the transaction, funds and/or securities ever and agree thatyou shall not be liable for any incidental loss/damage caused due to retention of funds and/or securities.

8. I/We confirm you that I can revoke the above mentioned authority by giving notice in writing to you.I have noted the following :-

1) This authorization must be renewed at least once a year.2) The authorization shall be signed by me only and not by any power of attorney holder or by any

authorized person.Thanking you,Yours faithfully,

Signature of the Client ______________________________

Name of the Client : ________________________________

Client Code : __________________________________

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VOLUNTARY

From :

Client Code :

To,JAMNADAS VIRJI SHARES & STOCK BROKERS PVT. LTD.811-812, Stock Exchange Towers, Dalal Street, Fort, Mumbai - 400 001.

Dear Sir,

Sub: Mandate to issue contract notes in digital format (ECN)

I / We hereby agree and consent to accept the contract notes for transactions carried on by us/me on BSE and NSEwith you, in terms of the agreement entered into between us/me, in digital form. Digital contracts issued by you as perthe terms and conditions specified herein shall be binding on me/us. The mandate is subject to terms and conditionsmentioned herein below.Terms and conditions for issuance of contract notes in digital form between us :-1. Digital Contract Notes in the format as may be prescribed by the Exchange from time to time will be mailed to me/

us on the E-mail address provided to you.You can also send me/us my/our margin statement in digital form with contract notes.

2. I / we undertake to check the contract notes and bring the discrepancies to your notice within 24 hours of suchissuance of contract notes. My /our non-verification or not accessing the contract notes on regular basis shall notbe a reason for disputing the contract note at any time.

3. In case of any failure in system or errors in digital contract notes, contract notes will be issued in physical form,which shall be binding on the client.

4. Discrepancies, if any, should be sent to you on E-mail ________________________________________within24 hours of issuance of digital contract notes.

5. Clients can view the digital contract notes using the username & password through the above web-site apart fromthe contract notes sent to the client through mail.

6. The Digital contract notes will be archived at an interval of 15 days. If the client intends to view the digital contractnotes for a period prior to 15 days client may request for the same in writing.

7. The contract notes will be issued in digital form in compliance with the guidelines issued by SEBI / Exchangesfrom time to time.

8. It will be client's responsibility to regularly check the mailbox and keeping the storage space for new email messages.9. Any charges in the terms and conditions shall be intimated from time to time.10. Non-receipt of bounced mail notification by the trading member shall amount to delivery of contract note at the

E-mail ID of the client.11. Digital Contract Notes will also be available at our Web-site www.________________________________ .com12. Any change in the E-mail ID shall be communicated by us / me through physical letter to you.This instruction to issue digital contract note is applicable with immediate effect. This instruction is several to allparties mentioned above.My/Our E-mail ID __________________________________________________________Yours faithfully,

(Client Signature)Client Code : (customer ID)

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LETTER FOR OPERATIONS OF ACCOUNT

To,JAMNADAS VIRJI SHARES & STOCK BROKERS PVT. LTD.811-812, Stock Exchange Towers, Dalal Street, Fort, Mumbai - 400 001.Tel. : 2272 2970 / 71 / 72 / 73 / 74Fax : 2272 2975

Dear Sir,

Sub : Our dealings on the Capital Market Segment/Futures & Options Segment of the BSE/NSE.

With reference to the captioned subject I/We request you to kindly note the following points for smoothconduct of business operations :

1. You are requested to kindly note that the orders placed / modified / cancelled by me should NOTbe noted in the order book, as that is a time consuming affair and may lead to loss due to non-execution of the orders in time due to the formalities involved.

2. I hereby authorise you to accept verbal instructions for placement / modification / cancellation oforders and I expressly agree that once the trade confirmation is sent by you and / or contract noteis accepted by me, there shall be no question in relation of execution or non-execution inappropriateexecution of any or my orders for a particular trading day.

3. The contract notes issued by you may kindly not be posted/couriered to us, and the same shallbe collected by me/us or my representative from your office directly.

4. You are free to adjust debits/credits in between of my accounts, viz. (a) BSE Capital Market (CM)and F&O (Futures and Options), (b) NSE CM and F&O (c) Primary and debt market, (d) DepositoryAccount, (e) any other account maintained by me in any name or form with yourselves. Theseadjustments mentioned in the accounts (a) to (e) above may be done by passing a Journal Entry,Bank Entry or any other manner or fashion that you deem fit without our specific confirmation. Ihereby irrevocably authorize you to square off my outstanding position in CM and F&O pursuantto the authorization contained herein shall be a proper, valid and effectual discharge of your obligationfor such squaring off of the outstanding position in CM and F&O.

5. I/We authorise you to issue me/us weekly bill for transactions in F&O segment of BSE/NSE.6. I/We shall not indulge in any sub-broking activities nor issue bills/contracts/confirmation notes / to

anyone else for the trades done on the BSE/NSE.7. All fines/penalties and charges levied on you due to my transactions/deeds/actions may be recovered

by you from my accounts.8. Initial Margin is to be paid upfront. Jamnadas Virji Shares & Stock Brokers Pvt. Ltd. can transfer

balances between initial margin & mark to market margin.

Thanking you.

Yours faithfully,

Signature : ___________________________________ Date : _______________________

Name of Client : ___________________________________ Place : _______________________

VOLUNTARY

23

BANKERS CERTIFICATE

TO WHOMSOEVER IT MAY CONCERN

This is to certify that Mr./Ms/M/s. ______________________________________________ is a sole

proprietory firm/individual having a S/B / C/A a/c with us and the Account No. is

________________________________________________________________________________.

Mr./Mrs. _________________________________ is a sole proprietor of above firm. He/She is operating

the account since ______________________________ (Date of opening of account). The mode of

operation is either or survivor / Joint with the following person as authorised signatories.

Name

1. _________________________________________________________

2. _________________________________________________________

3. _________________________________________________________

(Signature & Seal of the Bank Official)

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POLICIES AND PROCEDURE FOR PREVENTION OF MONEY LAUNDERING(Issued as per the requirements of the PMLA Act 2002)

1. Firm PolicyIt is the policy of the firm to prohibit and actively prevent money laundering and any activity that facilitatesmoney laundering or the funding of terrorist or criminal activities. Money laundering is generally definedas engaging in acts designed to conceal or disguise the true origins of criminally derived proceeds sothat the unlawful proceeds appear to have derived from legitimate origins or constitute legitimate assets.

2. Principal Officer Designation and DutiesThe firm has designated Shri. Bhavyesh P Shah, Director as the Principal Officer for its Anti-MoneyLaundering Program, with full responsibility for the firm's AML program. The duties of the PrincipalOfficer will include monitoring the firm's compliance with AML obligations and overseeing communicationand training for employees. The Principal Officer will also ensure that proper AML records are kept.When warranted, the Principal Officer will ensure filing of necessary reports with the Financial IntelligenceUnit (FIU - IND)

The firm has provided the FIU with contact information for the Principal Officer, including name, title,mailing address, e-mail address, telephone number and facsimile number. The firm will promptly notifyFIU of any change to this information.

3. Customer Identification and VerificationAt the time of opening an account or executing any transaction with it, the firm will verify and maintainthe record of identity and current address or addresses including permanent address or addresses ofthe client, the nature of business of the client and his financial status as under

Constitution of Client Proof of Identity Proof of Address OthersIndividual 1. PAN Card 2. Copy of Bank 3. N.A.

Statement, etc

Company 4. PAN Card 8. As above 9. Proof of Identity of5. Certificate of incorporation the Directors /Others6. Memorandum and Articles authorized to trade on of Association behalf of the firm7. Resolution of Board of Directors

Partnership Firm 10. PAN Card 13. As above 14. Proof of Identity11. Registration of the Partners / certificate Others authorized12. Partnership deed to trade on behalf of

the firm

Trust 15. PAN Card 18. As above 19. Proof of Identity of16. Registration certificate the Trustees / others17. Trust deed authorized to trade on

behalf of the trust

AOP/ BOI 20. PAN Card 23. As above 24. Proof of Identity of21. Resolution of the the Persons managing body authorized to trade on22. Documents to collectively behalf of the AOP/ establish the legal existence BOI of such an AOP/ BOI

25. If a potential or existing customer either refuses to provide the information described above whenrequested, or appears to have intentionally provided misleading information, our firm will not open thenew account.

26. All PAN Cards received will verified form the Income Tax/ NSDL website before the account is opened27. The firm will maintain records of all identification information for ten years after the account has been

closed.

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4. Maintenance of recordsThe Principal Officer will be responsible for the maintenance for following records� all cash transactions of the value of more than rupees ten lakhs or its equivalent in foreign currency;� all series of cash transactions integrally connected to each other which have been valued below

rupees ten lakhs or its equivalent in foreign currency where such series of transactions have takenplace within a month;

1) all cash transactions where forged or counterfeit currency notes or bank notes have been used asgenuine and where any forgery of a valuable security has taken place;

2) all suspicious transactions whether or not made in cash. Suspicious transaction means a transaction whether or not made in cash which, to a person acting in good faith -

o gives rise to a reasonable ground of suspicion that it may involve the proceeds of crime; oro appears to be made in circumstances of unusual or unjustified complexity; oro appears to have no economic rationale or bonafide purpose; oro gives rise to a reasonable ground of suspicion that it may involve financing of the activities

relating to terrorism

The records shall contain the following information:� the nature of the transactions;� the amount of the transaction and the currency in which it was denominated;� the date on which the transaction was conducted; and� the parties to the transaction."

5. Monitoring Accounts For Suspicious ActivityThe firm will monitor through the means of Back Office Software for unusual size, volume, pattern ortype of transactions. The following kind of activities are to be mentioned as Red Flags and reported tothe Principal Officer.· The customer exhibits unusual concern about the firm's compliance with government reporting

requirements and the firm's AML policies (particularly concerning his or her identity, type of businessand assets), or is reluctant or refuses to reveal any information concerning business activities, orfurnishes unusual or suspicious identification or business documents.

· The customer wishes to engage in transactions that lack business sense or apparent investmentstrategy, or are inconsistent with the customer's stated business or investment strategy.

· The information provided by the customer that identifies a legitimate source for funds is false,misleading, or substantially incorrect.

· Upon request, the customer refuses to identify or fails to indicate any legitimate source for his orher funds and other assets.

· The customer (or a person publicly associated with the customer) has a questionable backgroundor is the subject of news reports indicating possible criminal, civil, or regulatory violations.

· The customer exhibits a lack of concern regarding risks, commissions, or other transaction costs.

· The customer appears to be acting as an agent for an undisclosed principal, but declines or isreluctant, without legitimate commercial reasons, to provide information or is otherwise evasiveregarding that person or entity.

· The customer has difficulty describing the nature of his or her business or lacks general knowledgeof his or her industry.

· The customer attempts to make frequent or large deposits of currency, insists on dealing only incash, or asks for exemptions from the firm's policies relating to the deposit of cash.

· The customer engages in transactions involving cash or cash equivalents or other monetaryinstruments that appear to be structured to avoid the Rs.10,00,000 government reportingrequirements, especially if the cash or monetary instruments are in an amount just below reportingor recording thresholds.

· For no apparent reason, the customer insists for multiple accounts under a single name or multiplenames, with a large number of inter-account or third-party transfers.

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· The customer engages in excessive journal entries between unrelated accounts without any apparentbusiness purpose.

· The customer requests that a transaction be processed to avoid the firm's normal documentationrequirements.

· The customer, for no apparent reason or in conjunction with other red flags, engages in transactionsinvolving certain types of securities, such as Z group and T group stocks, which although legitimate,have been used in connection with fraudulent schemes and money laundering activity. (Suchtransactions may warrant further due diligence to ensure the legitimacy of the customer's activity.)

· The customer's account shows an unexplained high level of account activity

· The customer maintains multiple accounts, or maintains accounts in the names of family membersor corporate entities, for no apparent purpose.

· The customer's account has inflows of funds or other assets well beyond the known income orresources of the customer.

Broad categories of reason for suspicion and examples of suspicious transactions for an intermediaryare indicated as under:

Identity of Client- False identification documents- Identification documents which could not be verified within reasonable time- Non-face to face client- Doubt over the real beneficiary of the account- Accounts opened with names very close to other established business entities

Suspicious Background- Suspicious background or links with known criminals

Multiple Accounts- Large number of accounts having a common account holder, introducer or authorized signatory

with no rationale- Unexplained transfers between multiple accounts with no rationale

Activity in Accounts- Unusual activity compared to past transactions- Use of different accounts by client alternatively- Sudden activity in dormant accounts- Activity inconsistent with what would be expected from declared business- Account used for circular trading

Nature of Transactions- Unusual or unjustified complexity- No economic rationale or bonafide purpose- Source of funds are doubtful- Appears to be case of insider trading- Investment proceeds transferred to a third party- Transactions reflect likely market manipulations- Suspicious off market transactions

Value of Transactions- Value just under the reporting threshold amount in an apparent attempt to avoid reporting- Large sums being transferred from overseas for making payments- Inconsistent with the clients apparent financial standing- Inconsistency in the payment pattern by client- Block deal which is not at market price or prices appear to be artificially inflated/deflated

6. Reporting to FIU INDFor Cash Transaction Reporting� All dealing in Cash that requiring reporting to the FIU IND will be done in the CTR format and in the

matter and at intervals as prescribed by the FIU IND

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For Suspicious Transactions ReportingWe will make a note of Suspicion Transaction that have not been explained to the satisfaction of thePrincipal Officer and thereafter report the same to the FIU IND and the required deadlines. This willtypically be in cases where we know, suspect, or have reason to suspect:� the transaction involves funds derived from illegal activity or is intended or conducted in order to

hide or disguise funds or assets derived from illegal activity as part of a plan to violate or evade anythe transaction reporting requirement,

� the transaction is designed, whether through structuring or otherwise, to evade the any requirementsof PMLA Act and Rules framed thereof

� the transaction has no business or apparent lawful purpose or is not the sort in which the customerwould normally be expected to engage, and we know, after examining the background, possiblepurpose of the transaction and other facts, of no reasonable explanation for the transaction, or

� the transaction involves the use of the firm to facilitate criminal activity.

We will not base our decision on whether to file a STR solely on whether the transaction falls above a setthreshold. We will file a STR and notify law enforcement of all transactions that raise an identifiablesuspicion of criminal, terrorist, or corrupt activities.All STRs will be reported quarterly to the Board of Directors, with a clear reminder of the need to maintainthe confidentiality of the STRsWe will not notify any person involved in the transaction that the transaction has been reported, except aspermitted by the PMLA Act and Rules thereof.

7. Monitoring Employee Conduct and AccountsWe will subject employee accounts to the same AML procedures as customer accounts, under thesupervision of the Principal Officer. We will also review the AML performance of supervisors, as part oftheir annual performance review. The Principal Officer's accounts will be reviewed by the Board ofDirectors

8. Confidential Reporting of AML Non-ComplianceEmployees will report any violations of the firm's AML compliance program to the Principal Officer,unless the violations implicate the Compliance Officer, in which case the employee shall report to theChairman of the Board, Shri Pravin Shah. Such reports will be confidential, and the employee willsuffer no retaliation for making them.

9. Board of Directors ApprovalWe have approved this AML program as reasonably designed to achieve and monitor our firm's ongoingcompliance with the requirements of the PMLA and the implementing regulations under it.

Risk Assessment of Client in terms of PMLA 2002

Type of Client High Risk Medium Risk Low RiskCSC

(Client SpecialCategory)

PEP(Politically

Exposed Person)

at the time of account opening

Categorisation of client would be changed only if there is change based on risk assessment of the clientduring his dealings with Jamnadas Virji Shares & Stock Brokers Pvt. Ltd.

For Jamnadas Virji Shares & Stock Brokers Pvt. Ltd.

Director/Authorised Signatory

28

Acknowledgement

To,JAMNADAS VIRJI SHARES & STOCK BROKERS PVT. LTD.811-812, Stock Exchange Towers, Dalal Street, Fort, Mumbai - 400 001.Tel. : 2272 2970 / 71 / 72 / 73 / 74Fax : 2272 2975

Dear Sir/Madam

I/We hereby confirm that I/we have received a copy of the following documents executed by me/us at thetime of opening of this trading account:

1. Broker client agreement-NSE, Broker Client Agreement-BSE

2. Annexure-A combined Risk Disclosure Document for Cash Segment/Capital Market, Future & OptionSegment (BSE & NSE)

3. Authorisation to place instruction (if any)

4. Receipt of Documents in Digital Mode (if any)

5. Risk Management system policy of the Jamnadas Virji Shares & Stock Brokers Pvt. Ltd.

6. Copy of KYC Registration Form.

7. Copy of all Mandatory & Non-Mandatory documents executed by me.

(Client Signature)

Date:__________________

Place:_________________

X

29

CHECK LIST OF DOCUMENTS FOR INDIVIDUALSA INDIVIDUALS:-

Clients need to provide all of the following documents (Self attested) as detailed below:1. Photocopy of PAN Card (with photo) �

2. For Proof of Identity (xerox copy any one of the following):� Passport �

� Voter ID �

� Driving Licence �

� Photo Identity card issued by Employer registered under MAPIN �

3. For Proof of Address (xerox copy any one of the following):� Passport/Voter ID/Driving Licence (Latest Month)/

Rent Agreement (alongwith rent receipt)/Ration Card �

� Flat Maintenance Bill/Telephone Bill/Electricity Bill (Latest) �

� Certificate issued by employer registered under MAPIN �

� Insurance Policy �

4. Copy of cancelled cheque leaf/pass book/bank statement containing name of the constituent. �

5. Proof of the Demat Account (Statement of holding /transaction statement / Copy of bill latest). �6. Financial Details (Attach copy of any one of following in support of financial details)

Illustrative list of documents:- (Compulsory for Derivatives Segment)1. Copy of ITR Acknowledgement �

2. Copy of Annual Accounts �

3. Copy of Form 16 in case of salary income �

4. Net worth certificate �

5. Salary Slip �

6. Bank account statement for last 6 months �

7. Copy of demat account Holding statement. �

8. Any other relevant documents substantiating ownership of assets. �

9. Self declaration along with relevant supporting. �

B. For NRI Clients:-NRI clients need to provide all of the following documents (Self attested) & duly notarised by notaryor attested by Indian Embassy or local banker in the country where NRI resides, as detailed below.1. Indian address and Foreign address with supporting proof. �2. Copy of Passport (Full Pages) & Copy of Visa. �

3. Bank Verification Letter Indicating Type of Account as NRI / NRE / NRO. �

4. Pan Card. �

5. NRI Client should furnish Unique Client Code allotted by Exchange for the trading in F&O Segment. �6. POA duly notarized (Certified True Copy) (In case of POA, personal details of authorised

person) �

7. Copy of cancelled cheque leaf/pass book/bank statement containing name of the constituent. �

8. Proof of the Demat Account (Statement of holding /transaction statement/Copy of bill latest). �9. PIS letter Compulsory. �

C. SOLE PROPRIETORSHIP :-1. Same as per Individuals, and2. Recent Passport size Photo of Proprietor.3. A declaration on the letterhead of the firm identifying demat a/c and bank a/c (as per format). �4. Rubber stamp of firm required on every sign of Proprietor. �

5. DMAT account will be in the name of proprietor only. �

6. Certified copy of Balance sheet/Annual accounts for Last two years. �

7. Latest Income tax return copy of Proprietor. �

30

CHECK LIST OF DOCUMENTS FOR NON-INDIVIDUALS

Clients need to provide all of the following documents (Self attested) as detailed below:

A. HUF ACCOUNT1 Sign photograph of Karta.

2 Proof of Identity and Address of Karta.

3 Copy of PAN card of HUF.

4 DP Proof in the name of HUF.

5 Bank Proof in the name of HUF.

6 HUF Declaration signed by all coparceners.

7 HUF stamp affixed wherever the client sign.

8 Copies of the financial details for the last 2 years.

B. CORPORATE CLIENTS1 Copies of Balance Sheet of last Two Financial Years.

2 Copies of share holding pattern including list of those holding more than 5% or more.

3 Photograph of Director/ Whole time Directors/ Individual Promoter holding 5% or more.

4 Board Resolution on company letterhead

5 All Director's Proof of Identity (Pan) & Address

6 Director's Latest signed Photographs.

7 Company PAN card.

8 Corresponding Address proof should match with that written in the form.

9 DP proof in the name of Company.

10 Bank proof in the name of company.

11 Memorandum & Article of Association is required with Company rubber stamp & Director signature.

12 Company stamp affixed wherever Director Sign on the Agreement.

C. Partnership Firm1 Certified True copy of Partnership Deed

2 All Partners Proof of Identity & Address proof

4 Partner latest signed photograph.

5 PAN Number of Partnership Firm.

6 Bank proof in the name of Partnership Firm.

7 Undertaking of Partners (As per Format)

8 Copies of the balance sheet for the last 2 years.

D Trust Account1 Certified True copy of Trust Deed.

2 Trustees proof of Identity.

3 Trustees Address proof.

4 Trustees latest signed photographs.

5 PAN Number and Registration Number of the Trust.

6 To check whether registered trust or unregistered.

7 Valid bank proof in name of trust.

Note: At the time of opening of account, please furnish all the above document in original for verification.After in-person verification done by our staff member, we will return all your original documents to you.

31

INDEX

Disclosure pursuant to NSE Circular No. NSE / INSP / 2006 / 52 dated 5th July, 2006 & BSE Circular No. 20060704- 6 dated 4th July 2006. Documents required as per SEBI Circular No. SEBI/MIRSD/DPS-1/CIR-31/2004 dated26-8-2004 Read with SEBI Circular bearing Reference No. MIRSTD/SE/CIR-19/2009 dated 3-12-2009

Page No.

1 - 9

3. BSE Member Client Agreement Agreement between member and client for tradingin BSE

Part I- Mandatory Documents

Document Purpose

1. Know Your Client (KYC) Form - forIndividual/Non-Individual

Form for providing details of the individual client tothe member

2. Combined Risk Disclosure Document (RDD) Document informing the client of the risk associatedin dealings in Equities & Derivatives

5. NSE Member Client Agreement Agreement between member and client for trading inNSE

7. Policies, procedures and Brokerage Slab Various policies and procedures of the Trading Memberrelating to dealings with the clients

6. Brokerage SlabDocument PurposePart II- Non-mandatory Documents

2. ECN Letter Confirmation from the client that Digitally signedcontracts/ communications are acceptable to the client

3. Letter for Operations of Account Various operative instructions to the Trading Memberfor day to day running of the account

Applicabe Brokerage Rate as decided mutuallyPage No.

10 - 15

1BD - 4BD

1ND - 4ND

16 - 19

22

21

22

4. Bankers Certificate As per format 23

4. BSE Tripartite Member Client Agreement Tripartite agreement between member, client and sub-broker where the client is serviced by SEBI Registeredsub-broker for BSE Cash Segment

1T - 5T

6. NSE Tripartite Member Client Agreement Tripartite agreement between member, client and sub-broker where the client is serviced by SEBI Registeredsub-broker for NSE Cash Segment

6T - 10T

1. Running Account Letter Authority to the Trading Member to maintain a runningaccount

20

5. PMLA write up Details about Anti Money Laundering 24 - 27

32

Unique Client Code :

Client Name :

811-812, Stock Exchange Towers, Dalal Street, Fort, Mumbai - 400 001.Tel.: 2272 2970 / 71 / 72 / 73 / 74 � Fax: 2272 2975E-mail: [email protected] � Website: jvsons.comInvestors Grievance Email id: [email protected]

JAMNADAS VIRJI

Shares & Stock Brokers Pvt. Ltd.

Client Registration Form