torus

Financial Markets

Terms & Conditions

I hereby give my consent to Torus financial markets private limited that data given herewith is to open my both Demat and Trading account. I hereby give my consent to Torus financial markets private limited to fetch my data from KYC downloaded from KRA, OVD’s downloaded from Digilocker, OTP based e-KYC, Biometric based e–KYC. I/We hereby submit voluntarily at my/our own discretion, the physical copy of Aadhaar card e-Aadhaar/Masked Aadhaar/offline electronic Aadhaar xml as issued by UIDAI (Aadhaar) to Torus financial markets private limited for the purpose of establishing my/our identity/ address proof and voluntarily give my/our consent to open account/ process instructions for the said purpose in my/our name(s) individual capacity/ies using my/our Aadhaar or as an authorised signatory in non-individual accounts. The consent and purpose of collecting Aadhaar has been explained to me/us in the local language. Torus financial markets private limited has informed me/us that my/our Aadhaar submitted here shall not be used for any purpose other than mentioned above, or as per requirements of law. Torus financial markets private limited has informed me/us that this consent and my/our Aadhaar will be stored along with my/our account details within the firm. I/We hereby declare that all the information voluntarily furnished by me/us is true, correct and complete. I/We will not hold Torus financial markets private limited or any of its officials responsible in case of any incorrect information provided by me/us.

Most Important Terms and Conditions (MITC)

(For non-custodial settled trading accounts)

  1. Your trading account has a “Unique Client Code” (UCC), different from your demat account number. Do not allow anyone (including your own stock broker, their representatives and dealers) to trade in your trading account on their own without taking specific instruction from you for your trades. Do not share your internet/ mobile trading login credentials with anyone else.
  2. You are required to place collaterals as margins with the stock broker before you trade. The collateral can either be in the form of funds transfer into specified stock broker bank accounts or margin pledge of securities from your demat account. The bank accounts are listed on the stock broker website. Please do not transfer funds into any other account. The stock broker is not permitted to accept any cash from you.
  3. The stock broker’s Risk Management Policy provides details about how the trading limits will be given to you, and the tariff sheet provides the charges that the stock broker will levy on you.
  4. All securities purchased by you will be transferred to your demat account within one working day of the payout. In case of securities purchased but not fully paid by you, the transfer of the same may be subject to limited period pledge i.e. seven trading days after the pay-out (CUSPA pledge) created in favor of the stock broker. You can view your demat account balances directly at the website of the Depositories after creating a login.
  5. The stock broker is obligated to deposit all funds received from you with any of the Clearing Corporations duly allocated in your name. The stock broker is further mandated to return excess funds as per applicable norms to you at the time of quarterly/ monthly settlement. You can view the amounts allocated to you directly at the website of the Clearing Corporation(s).
  6. You will get a contract note from the stock broker within 24 hours of the trade.
  7. You may give a one-time Demat Debit and Pledge Instruction (DDPI) authority to your stock broker for limited access to your demat account, including transferring securities, which are sold in your account for pay-in.
  8. The stock broker is expected to know your financial status and monitor your accounts accordingly. Do share all financial information (e.g. income, networth, etc.) with the stock broker as and when requested for. Kindly also keep your email Id and mobile phone details with the stock broker always updated.
  9. In case of disputes with the stock broker, you can raise a grievance on the dedicated investor grievance ID of the stock broker. You can also approach the stock exchanges and/or SEBI directly.
  10. Any assured/guaranteed/fixed returns schemes or any other schemes of similar nature are prohibited by law. You will not have any protection/recourse from SEBI/stock exchanges for participation in such schemes.

Disclaimer

Visitors to this website are bound by the following terms and conditions so please read the following terms carefully before continuing to use this site if you do not agree with any of these terms.

  1. Consent for Credit in DP: Yes
  2. Acceptance of Pledge Instruction to DP: No
  3. “Issuance of DIS Booklet”: No.
  4. Account Settlement Requirement: As per SEBI : Quarterly
  5. Request for getting ECN on registered mail ID: Yes
  6. Request for SMS Alert for Trades and Other update: Yes

Disclaimer of Warranties, Inaccuracies or Errors

· Although Torus Financial Markets Pvt Ltd tries to ensure that all information and materials, whether in relation to the products, services, facilities, offerings or otherwise (hereinafter “Information”) provided as part of this website is correct at the time of inclusion on the web site, it does not guarantee the accuracy of the Information. Torus Financial Markets Pvt Ltd makes no representations or warranties as to the completeness or adequacy or accuracy of Information and expressly disclaims liability for any errors or omissions or delays in updating this information.

· Information is supplied upon the condition that the persons receiving the same will make their own determination as to its suitability for their purposes prior to use or in connection with the making of any decision. No Information at this web site shall constitute an invitation to invest in any security or financial product. Any use of this website or the Information is at your own risk.

· Torus Financial Markets Pvt Ltd along with its directors, employees, associates or other representatives and its Affiliates along with its directors, employees, associates or other representatives shall not be liable for damages or injury arising out of or in connection with the use of the Website or its non-use including non-availability, compensatory, direct, indirect or consequential damages, loss of data, income or profit, loss of or damage to property (including without limitation loss of profits, loss or corruption of data, loss of goodwill, work stoppage, computer failure or malfunction, or interruption of business; under any contract, negligence, strict liability or other theory arising out of or relating in any way to the Website, site-related services, or any products or services and claims of third parties damages or injury caused by any performance, failure of performance, error, omission, interruption, deletion, defect, delay in operation or transmission, computer virus, communications line failure, theft or destruction or unauthorized access to, alteration of, or use of information, whether resulting, in whole or in part, from or relating to any of the services offered or displayed by Torus Financial Markets Pvt Ltd on the Website.

· Nothing contained herein is to be construed as a recommendation to use any product or process, , in conflict with any patent, or otherwise and Torus Financial Markets Pvt Ltd makes no representation or warranty, express or implied that, the use thereof will not infringe any patent, or otherwise.

· The Services on the Website do not constitute an offer to sell or a solicitation to any person in any jurisdiction where it is unlawful to make such an offer or solicitation. These Service are not intended to be any form of an investment advertisement, advice or information and has not been registered under any securities law of any foreign jurisdiction and is only for the information of any person in any jurisdiction where it may be lawful to provide such information, otherwise the same shall not be considered an information. The distribution of this Service or content in other jurisdictions may be restricted by law and the persons who access the Service should inform themselves about, and observe, any such restrictions.

· Use of the website and its contents is at any persons, including a customer’s, own risk. The data and information provided on the website is not advice, professional or otherwise, and should not be relied upon as such. Neither the information, nor any opinion contained in this website constitutes a solicitation or offer by Torus Financial Markets Pvt Ltd to buy or sell any securities or other financial instruments or provide any investment advice. Torus Financial Markets Pvt Ltd or their employees have or may have an outstanding position or holding in the securities or other related investments of issuers and companies mentioned herein. The investments discussed or recommended in the analysis, research reports, etc. may not be suitable for all investors. Investors must make their own investment decisions based on their own specific investment objectives and financial position and using such independent professional advisors as they believe necessary. Information herein is believed to be reliable but Torus Financial Markets Pvt Ltd does not warrant its completeness or accuracy. The content of the articles and the interpretation of data are solely the personal views of the contributors and do not in any way reflect the views of Torus Financial Markets Pvt Ltd. Users are advised to use the articles and other data in the Website only as information.

· THIS WEBSITE/INFORMATION IS PROVIDED TO YOU ON AN “AS IS” AND “WHERE-IS” BASIS, WITHOUT ANY WARRANTY. Torus Financial Markets Pvt Ltd, FOR ITSELF AND ANY THIRD PARTY PROVIDING MATERIALS, SERVICES, OR CONTENT TO THIS WEBSITE, MAKES NO REPRESENTATIONS OR WARRANTIES, EITHER EXPRESS, IMPLIED, STATUTORY OR OTHERWISE OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON-INFRINGEMENT OF THIRD PARTY RIGHTS, WITH RESPECT TO THE WEBSITE, THE INFORMATION OR ANY PRODUCTS OR SERVICES TO WHICH THE INFORMATION REFERS. Torus Financial Markets Pvt Ltd WILL NOT BE LIABLE TO YOU OR ANY THIRD PARTY FOR ANY DAMAGES OF ANY KIND, INCLUDING BUT NOT LIMITED TO, DIRECT, INDIRECT, INCIDENTAL, CONSEQUENTIAL OR PUNITIVE DAMAGES, ARISING FROM OR CONNECTED WITH THE SITE, INCLUDING BUT NOT LIMITED TO, YOUR USE OF THIS SITE OR YOUR INABILITY TO USE THE SITE, EVEN IF Torus Financial Markets Pvt Ltd HAS PREVIOUSLY BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

Disclaimer of Warranties, Inaccuracies or Errors

· Although Torus Financial Markets Pvt Ltd tries to ensure that all information and materials, whether in relation to the products, services, facilities, offerings or otherwise (hereinafter “Information”) provided as part of this website is correct at the time of inclusion on the web site, it does not guarantee the accuracy of the Information. Torus Financial Markets Pvt Ltd makes no representations or warranties as to the completeness or adequacy or accuracy of Information and expressly disclaims liability for any errors or omissions or delays in updating this information.

· Information is supplied upon the condition that the persons receiving the same will make their own determination as to its suitability for their purposes prior to use or in connection with the making of any decision. No Information at this web site shall constitute an invitation to invest in any security or financial product. Any use of this website or the Information is at your own risk.

· Torus Financial Markets Pvt Ltd along with its directors, employees, associates or other representatives and its Affiliates along with its directors, employees, associates or other representatives shall not be liable for damages or injury arising out of or in connection with the use of the Website or its non-use including non-availability, compensatory, direct, indirect or consequential damages, loss of data, income or profit, loss of or damage to property (including without limitation loss of profits, loss or corruption of data, loss of goodwill, work stoppage, computer failure or malfunction, or interruption of business; under any contract, negligence, strict liability or other theory arising out of or relating in any way to the Website, site-related services, or any products or services and claims of third parties damages or injury caused by any performance, failure of performance, error, omission, interruption, deletion, defect, delay in operation or transmission, computer virus, communications line failure, theft or destruction or unauthorized access to, alteration of, or use of information, whether resulting, in whole or in part, from or relating to any of the services offered or displayed by Torus Financial Markets Pvt Ltd on the Website.

· Nothing contained herein is to be construed as a recommendation to use any product or process, , in conflict with any patent, or otherwise and Torus Financial Markets Pvt Ltd makes no representation or warranty, express or implied that, the use thereof will not infringe any patent, or otherwise.

· The Services on the Website do not constitute an offer to sell or a solicitation to any person in any jurisdiction where it is unlawful to make such an offer or solicitation. These Service are not intended to be any form of an investment advertisement, advice or information and has not been registered under any securities law of any foreign jurisdiction and is only for the information of any person in any jurisdiction where it may be lawful to provide such information, otherwise the same shall not be considered an information. The distribution of this Service or content in other jurisdictions may be restricted by law and the persons who access the Service should inform themselves about, and observe, any such restrictions.

· Use of the website and its contents is at any persons, including a customer’s, own risk. The data and information provided on the website is not advice, professional or otherwise, and should not be relied upon as such. Neither the information, nor any opinion contained in this website constitutes a solicitation or offer by Torus Financial Markets Pvt Ltd to buy or sell any securities or other financial instruments or provide any investment advice. Torus Financial Markets Pvt Ltd or their employees have or may have an outstanding position or holding in the securities or other related investments of issuers and companies mentioned herein. The investments discussed or recommended in the analysis, research reports, etc. may not be suitable for all investors. Investors must make their own investment decisions based on their own specific investment objectives and financial position and using such independent professional advisors as they believe necessary. Information herein is believed to be reliable but Torus Financial Markets Pvt Ltd does not warrant its completeness or accuracy. The content of the articles and the interpretation of data are solely the personal views of the contributors and do not in any way reflect the views of Torus Financial Markets Pvt Ltd. Users are advised to use the articles and other data in the Website only as information.

· THIS WEBSITE/INFORMATION IS PROVIDED TO YOU ON AN “AS IS” AND “WHERE-IS” BASIS, WITHOUT ANY WARRANTY. Torus Financial Markets Pvt Ltd, FOR ITSELF AND ANY THIRD PARTY PROVIDING MATERIALS, SERVICES, OR CONTENT TO THIS WEBSITE, MAKES NO REPRESENTATIONS OR WARRANTIES, EITHER EXPRESS, IMPLIED, STATUTORY OR OTHERWISE OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON-INFRINGEMENT OF THIRD PARTY RIGHTS, WITH RESPECT TO THE WEBSITE, THE INFORMATION OR ANY PRODUCTS OR SERVICES TO WHICH THE INFORMATION REFERS. Torus Financial Markets Pvt Ltd WILL NOT BE LIABLE TO YOU OR ANY THIRD PARTY FOR ANY DAMAGES OF ANY KIND, INCLUDING BUT NOT LIMITED TO, DIRECT, INDIRECT, INCIDENTAL, CONSEQUENTIAL OR PUNITIVE DAMAGES, ARISING FROM OR CONNECTED WITH THE SITE, INCLUDING BUT NOT LIMITED TO, YOUR USE OF THIS SITE OR YOUR INABILITY TO USE THE SITE, EVEN IF Torus Financial Markets Pvt Ltd HAS PREVIOUSLY BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

VOLUNTARY TERMS AND CONDITIONS

1. Policy for Penny Stock

A stock that trades at a relatively low price and market capitalization. These types of stocks are generally considered to be highly speculative and high risk because of their lack of liquidity large bid-ask spreads. Small capitalization and limited following and disclosure. Depend on the market condition and RMS policy of the company RMS reserve the right to refuse to provide the limit in Penny stocks and losses if any on account of such refusal shall be borne by client only.

2. Refusal Of Orders for Security Derivatives

The client is aware and agrees that the Torus Financial Markets Pvt. Ltd. may refuse or restrict a client in placing the order in certain securities depending on various Conditions like volume/value/part of illiquid securities although a client may have credit balance or sufficient margin in the trading account. However, Torus Financial Markets Pvt- Ltd. under exceptional circumstances may execute cliental order. The Torus Financial Markets Pvt. Ltd. has the discretion to reject execution of such orders based on its risk perception.

3. Setting up client s exposure limits

The stock broker may from time to time impose and vary limits on the orders that the client can place o) through the stock broker’s trading system (including exposure limits. turnover limits, limits as to the number. value and/or kind of securities in respect of b) which orders can be placed etc.). The client is aware and agrees that the stock broker may need to vary or reduce the limits or impose new limits urgently on the basis of the stock brokers risk perception and Other factors considered relevant by the stock broker including but not limited to limits on account of exchange/SEBl directions/limits (such as broker level/ market level limits in security specific/volume specific exposures etc.) and the stock broker may be unable to inform the client of such variation. reduction or imposition in advance. The client agrees that the stock broker shall not be responsible for such variation. Reduction or imposition or the client’s inability to route any order through the stock broker’s trading system on account of any such variation. reduction or imposition of limits. The client further agrees that the stock broker may at any time. At its sole discretion and without prior notice. prohibit Or restrict the client’s ability to place orders or trade in securities through the stock broker. Or it may subject any Order placed by the Client to a review before its entry into the trading systems any may refuse to execute/allow execution of orders due to but not c) limited to the reason Of lack Of margin/securities Or the Order being Outside the limits set by stock brokcr/exchangc/ SEBI and any other reasons which the stock broker may deem appropriate in the circumstances. The client agrees that the losses. If any on account of such refusal or due to delay caused by such review. Shall be borne exclusively by the Client alone. We have margin-based RMS system. Total deposits Of the clients are uploaded in the system and client may take exposure on the basis Of margin applicable for respective security as per VAR based margining system of the stock exchange and/or margin defined by RMS based on their risk perception, In case of exposure taken on the basis Of shares margin the payment is required to be made before the exchange pay in date Otherwise it will be liable to square Off after the pay in time or any time due to shortage of margin.

4. Imposition of penalty / delayed payment charges:

In case of delay in payment by the client to TFMPL on its due date, TFMPL in respect of such delayed payment will be entitled to recover late / delayed payment charges from due date. The said delayed payment shall include amounts payable by the client to TFMPL in respect of Initial margin, Mark to Market, shortfall of Margin(s) in prescribed modes, and /or other margins and pay in obligations. Late payment charges will be levied up to 2% per month or a part of month on delayed payment for the delayed period. The trade of the client may not be executed by TFMPL if the client does not clear trade related dues along with delayed payment charges. The client will not be entitled to any interest on the credit balance /excess margin available /kept with TFMPL. A delayed payment charge is applied to act only as deterrent measure. The client should not consurate it as funding arrangement. The client cannot demand continuation of service on a continued basis citing levy of delayed payment charges. TFMPL may impose fines /penalties for any order /trades ideal /actions of the clients which are contrary to this mandatory and voluntary Client Registration documents / rules /regulations /byelaws of the exchange or any other law for the time being in force at such rates and in such form as it may deem fit. Further where the TFMPL has to pay any fine or bear any punishment from any authority in connection with/as a consequence of /in relation to any of the order /trades /deal/actions of the client, the same will be borne by the client.

5. Shortage in Obligations arising out of internal netting trades.

Torus Financial Markets Private Limited (TFMPL) has revised its policy for settling transaction, which remains unsettled due to Internal Shortages: Internal Shortages means one client has failed to give the delivery of the securities sold, which has resulted into short delivery to other client(s) of TFMPL. The Client hereby agrees that if he/she/it has short delivered any securities against his/her /its obligation towards counter party who is a client of TFMPL and the delivery of the securities was also not effected through auction in the market (Self Auction) for any reason including that self-auction is not permitted on the exchange, then the contract shall be closed out and the close out price will be higher of:(a) The highest price of the securities prevailing in NSE or as the case may be BSE on the date of commencing from the date of transaction till the day of auction relevant to the trade (auction day) or (b) The closing price for the securities on the auction day as increased by 3% of the closing price for F&O traded scrip or 7 % for other scrip or such other % as may be revised by TFMPL from time to time. The amount so determined shall be debited to the account of the client who defaulted to deliver and the same amount will be credited to Buyer Client.

6. Compulsory Close-out of securities under Corporate Action

In cases of securities having corporate actions and under ‘no-delivery period’ for the corporate action, all cases of short delivery of cum transactions which cannot be auctioned on cum basis or where the cum basis auction payout is after the book closure / record date, would be compulsory closed out at higher of 10% above the official closina price on the auction day or the hiahest traded price from first trading day of the settlement till the auction day. Accordingly, if a client fails to give the delivery of the Securities sold, which if resulted into Internal Shortage, such client will be debited for the transaction at the rates prescribed above. Similarly, if TFMPL is unable to give the delivery of the securities bought by any client due to the Internal Shortage, such client will receive the credit for the transaction at the rates prescribed above.

7. Conditions under which a client may not be allowed to take further position or the broker may close the existing position of a client:

We have margin-based RMS system. Client may take exposure up to the amount of margin available with us. Client may not be allowed to take position in case of non-availability /shortage of margin as per our RMS policy of the company. The existing position of the client is also liable to square off/ close out without giving notice due to shortage of margin/ non making of payment for their pay-in obligation/ outstanding debts.

8. Temporarily suspending or closing a client’s account at the client’s request

On the request of the client in writing, the client account can be suspended temporarily and same can be activated on the written request of the client only. During the period client account is suspended, the market transaction in the client account will be prohibited. However, client shares/ledger balance settlement can take place. On the request of the client in writing, the client account can be closed provided the client account is settled. If the client wants to reopen the account in that case client has to again complete the KYC requirement.

9. De-registering a client:-

Notwithstanding anything to the contrary stated in the mandatory and non-mandatory client registration documents, the stock broker shall be entitled to terminate the mandatory and non-mandatory client registration documents with immediate effect in any of the following circumstances: (i) If the action of the client are prima facie illegal / improper or such as to manipulate the price of any securities or disturb the normal/proper functioning of securities or disturb the normal/proper functioning of the market, either alone or in conjunction with others. (ii) If there is any commencement of a legal process against the client under any law in force; (iii) On the death/lunacy or other disability of the Client; (iv) If the client being a partnership firm, has any steps taken by the Client and/or its partners for dissolution of the partnership; (v) If the Client suffers any adverse material change in his/her/its financial position or defaults in any other mandatory and non-mandatory client registration documents with the Stock broker; (vi) If there is reasonable apprehension that the Client is unable to pay its debts or the Client has admitted its inability to pay its debts, as they become payable; (vii) If the Client is in breach of any term, condition or covenant of this mandatory and non-mandatory client registration documents; (viii) If the Client has made any material misrepresentation of facts, including (without limitation) in relation to the Security; (ix) If a receiver, administrator or liquidator has been appointed or allowed to be appointed of all or any part of the undertaking of the Client; (x) If the Client have taken or suffered to be taken any action for its reorganization, liquidation or dissolution; (xi) If the Client has voluntarily or compulsorily become the subject of proceedings under any bankruptcy or insolvency law or being a company, goes into liquidation or has a receiver appointed in respect of its assets or refers itself to the Board for Industrial and Financial Reconstruction or under any other law providing protection as a relief undertaking; (xii) If any covenant or warranty of the Client is incorrect or untrue in any material respect; The Client agrees that TFMPL will not be responsible for partial execution of orders placed by the Client. The Client also agrees that all orders placed by him shall be treated as orders for that particular session only. In case the Client wants the orders to be carried forward or extended for the day or for more number of days he shall communicate the same to TFMPL.

10. Undertaking for Services by way of SMS alerts / WhatsApp or any electronic mode by Trading Member on Mobile [Cellular phones or any other electronic gadgets.

I / we are having a trading account with Torus Financial Markets Pvt. Ltd. for the purpose of trading on Exchanges as per the client registration document executed. I / we have registered the Mobile No. as mentioned in KYC Application form for receiving SMS alerts in respect of various services being offered by you.
A. In respect of investment/trading services received from the trading member, l/We undertake to the trading member and confirm to use our own judgement in taking a call on the said investment(s). l/We also undertake to the trading member and confirm that l/we execute trades in the identified security(s) according to my/our financial strength/capability. l/We declare and agree that the trading member shall not be responsible for any loss suffered by me/us on account of executing or omitting to execute any trades in pursuance of the SMS alerts(s) sent by the trading member.
l/We shall not have any claim whatsoever against the trading member in respect of the above mentioned acts or omissions. I /We hereby state that my number is not under Do Not disturb directory and I /We am availing this services on my own will and there will be no financial obligation of TFMPL in case of legal disputes. B. In respect of all other intimation services offered by the trading member, l/We undertake to indemnify the trading member and absolve the trading member of any claims on account of various services rendered to me/us in respect of servicing my trading account with them.

11. Digitally signed Contract Notes/ Statement of Accounts:

The Client hereby agrees and permits TFMPL to provide digitally signed contract notes through internet (web-based) and agrees as under: With reference to Client Registration documents executed between us, l/We hereby authorized you to do the following: I / We have been / shall be dealing through you as my / our broker on the Capital Markets and/or Future and Option Segments. As my / our broker i.e. agent I / We direct and authorize you to carry out trading / dealings on my lour behalf as per instructions given below. I / We understand that, I / we have the option to receive the contract notes, Client Margin information, Statement of fund & Securities, DP statements, DP Bills and other details in physical form or electronic form. In pursuance of the same, I / we hereby opt for receipt of contract notes, Client Margin Information etc in electronic form. l/ We understand that for the above purpose, you are required to take from the client an appropriate email account for you to send electronic contract notes. Accordingly, please take Email ID mentioned in this KYC application form for sending the contract notes and other documents to me / us.
I / We agree not to hold you responsible for late / non receipt of contract notes, Client Margin information and other details sent in electronic form and any other communication for any reason including but not limited to failure of email server, loss of connectivity, email in transit etc. I / we agree that the log reports of your dispatching software shall be a conclusive proof of dispatch of contract notes, Client margin information to me / us and shall not be disputed by me / us on account of any non-receipt / delayed receipt for any reason whatsoever.
I / We also agree that non – receipt of bounced mail notification by you shall amount to delivery at my email account(s) / email id(s).
I / We understand that I / we am / are required to intimate any change in the email id / email account mentioned herein above needs to be communicated by me / us through a physical letter to you, provided however that if I / we am / are an internet client then in that event the request for change in email id / email account can be made by me / us through a secured access using client specific user id and password. Please treat this authorization as written ratification of my / our verbal directions / authorizations given and carried out by you earlier. I / We shall be liable for all losses, damages and actions which may arise as a consequence of your adhering to and carrying out my / our directions given above.

12. Investment Advice:

The client acknowledges that TFMPL shall not be liable to provide him any legal, tax, investment or account advice or advice regarding the suitability or profitability of a security or investment. The client agrees that in the event of Security, broker or any employee or official of Security broker providing any information, recommendation or advice to the client, the client may act upon the same at the sole risk and cost of the client and TFMPL shall not be liable or responsible for the same. The client assumes full responsibility with respect to his investment decisions and transactions. The Client agrees not to have any arrangement or understanding with any of the employee and/or remisser and /or franchisee and/or authorized person of any nature whatsoever in respect of transactions of purchases or sales of the shares and/or derivatives transactions and/or any fixed return of profit etc.TFMPI_, its officers, directors, partners, employees, agents and affiliates will have no liability with respect to any investment decisions or transactions of the client.

13. Tape recording of client conversation:

The client is aware that TFMPL may tape-record the conversations between the client and TFMPL, either personally or over the telephone, and the client hereby specifically permits TFMPL to do so. Such electronic recordings may be relied upon by TFMPL as and when required to resolve disputes in connection with the trading transactions. However, in the event if such conversation are not recorded by TFMPL. l/We shall not hold TFMPL responsible for non-recording of such conversation.

14. Letter of Authority:

l/ We have been regularly trading and investing, or plan to do so, with you at BSE and NSE. To facilitate ease of operations, l/we request and authorize you as under:
My/our orders for purchase/ sale of securities will be given on telephone or orally during my/ our visit to your office. l/ We further declare that all orders placed by me/ us with you will be for my/ our personal/ family account (s) and that l/ we will not operate for any client and will not issue any further contracts/ bills for the transactions executed through you.
l/We hereby authorise you to undertake any transfer interse of funds, securities, debits & credits available between various exchanges.
I am/we are aware that you are required to issue payment/ delivery due to me/us as per the payout from the exchange. In order to facilitate operations, l/we hereby authorize you to maintain running accounts with you; to debit my/our running account for the margin/ funds & / deliveries payable by me/ us; to include any/all the pay out of funds & / or deliveries towards margin / delivery and/or towards pay in obligations and / or towards fund/deliveries payable by me/ us, without any specific.
I / we also agree that you shall not be liable for any claim for loss or profit, or for any consequential, incidental, special or exemplary damages, caused by retention of such deliveries/funds under this agreement or otherwise. Pledge / deposit my / our deliveries & / or funds whether deposited as collateral /margin or permitted by us to be retained in the running account etc. by you with any bank or any other institution including but not limited to the Exchanges (s) /Clearing Corporation / Clearing House for the purposes of raising funds, bank guarantees and FDRs etc., or towards Margin / collateral as also to meet shortfall in my / our fund/ deliveries pay in obligation/ auctions or assignment of contracts or any other liability arising out of my/our dealings with you/ through you l/ we authorize you to do all such acts deeds and things as may be necessary and expedient for placing such deliveries with the Exchanges/banks/institutions as margin. You are further authorized to sell/ liquidate these deliveries /FDRs at the time and manner of your choice, as & when deemed fit by you in your absolute discretion to meet any shortfalls in my/our accounts or any other liability of mine/ ours without any reference to me/ us.
I / we agree that any loss due to any erroneous order entry / erroneous order modification shall be entertained by you only to the extent of insurance received. l/We authorise you to maintain my/ our account, both funds and securities, with you on a running account basis and request you to consider the balances in my/ our running funds and securities account with you for the purpose of margins/ any other obligations due to you. In view of the same it would be proper for you to release the funds and securities due to me/ us on my/ our specific request, either written or oral. Further l/ we understand and agree that any credit amount lying with you will not attract any interest. l/We agree and authorise you debit charges for depositories services and any other incidental charges to my / our running account.
l/We authorise you to liquidate/ close out ail or any of my/ our positions for non-payment of margins or other account, outstanding debts etc. l/We agree to bear any and all losses and financial charges on account of such liquidation/ closeout. l/We agree that you may refuse to execute any particular transaction without assigning any reason therefor. l/We agree not to hold you liable or responsible for delay or default in performance of your obligations due to contingencies beyond your control such as fire, flood, civil commotion, earthquake, riots, war, strikes, failure of systems, failure of internet links, Government/ regulatory actions or any such other contingencies which may be beyond your control.

15. Declaration:

l/We an individual/a sole proprietary concern____________________ having his/her/it’s residence / registered office at__________________________________
_____________________________ has entered into individual mandatory and non-mandatory client registration document, Client Registration Form, Risk Disclosure Documents, etc. for dealing in Cash Segment and/or Derivatives / Futures and Options Segment of National Stock Exchange of India Limited (NSE) and Bombay Stock Exchange Limited (BSE) / Metropolitan Stock Exchange of India Limited (MSEI) (NSE and BSE and MSEI collectively known as Exchange) on_______ and________ I / We hereby declare that I am a regular investor in the stock markets in India. l/ We am / are conversant with the laws, practices, rules, regulations, guidelines, circulars, etc. prescribed by the Securities and Exchange Board of India (SEBI) and National Stock Exchange of India Limited. (NSE) and Bombay Stock Exchange Limited (BSE) and Metropolitan Stock Exchange of India Limited (MSEI).
l/We hereby further declare that I am holding the shares in my demat account no.______________________ with DP_________________________________ l/We hereby further declare that l/We will not give any third-party shares for settlement of my obligations to the Exchange.
I /We hereby further declare that I / We will not receive or give any monies in cash or in kind for completing the settlement obligations to the Exchange. I / We hereby further declare that I / We are aware of the illegal practices that are prevalent in the Stock Market. l/We hereby further declare that I will not carry out any unfair trade practices such as Synchronized deals, Structured deals, Circular Trading in the Cash / Capital Market and Derivatives / Futures and Options segment. I /We hereby further declare that l/We will not place any order on the Exchange which will reflect as an arrangement for profit or loss transactions.
All the orders placed on the exchange will be in the normal market where there is corresponding underlying securities positions in the cash or futures segment of the respective Exchange.
I hereby further declare that I am aware of the following provisions of laws applicable to the Securities Market.
(A) Section 11 of the SEBI Act, 1992 read with 11B interalia prescribed that 11 (4) Without prejudice to the provisions contained in sub-section (1) (2) (2A) and (3) of 11B, the Board may, by an order for reasons to be recorded in writing, in the interests of investors or securities market, take any of the following measures, either pending investigation or inquiry or on completions of such investigation or inquiry, namely: –
(b)restrain person from accessing the securities market and prohibit any person associated with securities market to buy, sell or deal in securities. (B) Section 4 Prohibition of manipulative, fraudulent and unfair trade practices Without prejudice to the provisions of regulation 3, no person shall indulge in a fraudulent or an unfair trade practices in securities.
(B) Section 4 Prohibition of manipulative, fraudulent and unfair trade practices Without prejudice to the provisions of regulation 3, no person shall indulge in a fraudulent or an unfair trade practices in securities.
Dealings in securities shall be deemed to a fraudulent or an unfair trade practices if it involves fraud and may include all or any of the following namely:-
(a) indulging in an act which creates false or misleading appearance of trading in the securities market;
(b) dealing in a security not intended to effect transfer of beneficial ownership but intended to operate only as a device to inflate, depress or cause fluctuations in the price of such security for wrongful gain or avoidance of loss;
(c) advancing or agreeing to advance any money to any person thereby inducing any other person to offer to buy any security in any issue only with the intention of securing the minimum subscription to such issue;
(d) paying, offering or agreeing to pay or offer, directly or indirectly, to any person any money or money’s worth for inducing such person for dealing in any security with the object of inflating, depressing, maintaining or causing fluctuation in the price of such security,
(e) any act or omission amounting to manipulation of the price of a security;
(f) publishing or causing to publish or reporting or causing to report by any person dealing in securities any information which is not true or which he does not believe to be true prior to or in the course of dealing in securities;
(g) entering into a transaction in securities without Intention of performing it or without intention of change of ownership of such security;
(h) selling, dealing or pledging of stolen or counterfeit security whether in physical or de-materialised form;
(i) an intermediary promising a certain price in respect of buying or selling of a security to a client and waiting till a discrepancy arises in the price of such security and retaining the difference in prices as profit for himself;
(j) an intermediary providing his clients with such information relating to a security as cannot be verified by the clients before their dealing in such security;
(k) an advertisement that is misleading or that contains information in a distorted manner and which may influence the decision of the investors;
(l) an intermediary reporting trading transactions to his clients entered into on their behalf in an inflated manner in order to increase his commission and brokerage;
(m) an intermediary not disclosing to his client transactions interceded Into on his behalf including taking an option position:
(n) circular transactions in respect of a security entered into between intermediaries in order to increase commission to provide a false appearance of trading in such security or to Inflate or depress or cause fluctuation in the price of such security;
(o) encouraging the clients by an intermediary to dealing in securities solely with the object of enhancing his brokerage or commission;
(p) an intermediary predating or otherwise falsifying records such as contract notes;
(q) an intermediary buying and selling securities in advance of a substantial client order or whereby a future or option position is taken about an impending transaction in the same or related futures or options contract;
(r) planting false or misleading news which may induce sale or purchase of securities.

15.9 1 / We hereby further declare that l/ We will not indulge either directly or indirectly in any of the above mentioned fraudulent or unfair trade practices either individually or in concert with other persons / entities. In the event of any of the above fraudulent or unfair trade practices is noticed by the Exchange or Regulatory Authorities, then l/We shall be solely responsible for such acts as noticed and you shall not be responsible for my illegal and fraudulent and unfair trade practices in the capital market segment and Futures and Options segment of the exchange. I shall bear the penalty or fine if incurred by TFMPL due to such fraudulent or unfair trade practices as mentioned above.
5.10 In case of any change in my US person status on a future data, I undertake to inform M/s Torus Financial Markets private Limited the same within 30 days I aaree that if I have confirmed that I am a USA person , my account would be considered as U.S. Reportable Account and my account details, as required under Inter Governmental Agreement (IGA ) signed by Indian Government would be reported by M/s . Torus Financial Markets private Limited to the relevant tax authority identified in IGA .

l/We hereby authorised M/s Torus Financial Markets Pvt. Ltd. (Broker BSE, NSE & MSEI) to deposit the collateral provided by me onward to the exchange / clearing corporation / clearing house towards the margin obligations.

16. Proprietary Trading:

The stock broker hereby states & inform that it undertakes proprietary trading in Exchanges in addition to client based trading.