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 MANUBHAI MANGALDAS SECURITIES Pvt. Ltd amp; a trading member of the National Stock Exchange, Mumbai (hereinafter referred to as "NSE"), the Stock Exchange, Mumbai (hereinafter referred to as "BSE") . 

1. GENERAL TERMS AND CONDITIONS GOVERNING THE SERVICE 

Web Site; Transaction Order System The Client is aware that all the orders placed by him/her/it will be through www.manumangal.com, the web site and the transaction order system maintained by the Member. 

Compliance with Laws 

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. 

Material/ Information on the Web Site 

(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.

1.5 Further Documentation

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. 

1.6 Subject Matter of Terms

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

2. CONDITIONS GOVERNING TRADING 

Initial Margin
Shortfall in Margin 
Responsibility of the orders , modification & its deletion 

Corporate Benefits; Settlement Cycles

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

2.9 Brokerage and Other Charges

(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. 

2.10 Delayed Payment charges

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. 

2.14 Lien on Client's Account 

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. 

2.15 Restrictions on Access to Web Site and Trading

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. 

2.17 Principal-Agent Relationship

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.