A. PENNY STOCKS
A Client will be allowed to trade in Penny Stock i.e. Trade to Trade shares which fall in Z category and are being traded at value than its face value, up to Rs. 1Lakh per day any restriction or prohibition but in case value to be traded is more than Rs. 1 Lakh per day then 100% margin is to be deposited prior to trade.
B. CLIENT 'S EXPOSURE LIMIT
In Cash Segments exposure limits of branches will be sent by the Company on the basis of deposits available and client exposure limits will be sent by branches.
In F & O and Currency Segments, exposure available to Clients will be based on Upfront Margins and deposits available with ENNDEE STOCKS PVT. LTD.
Brokerage to be charged inclusive of transactions charges but exclusive of Statutory Levies and subject to maximum brokerage permissible as per the rules, regulations of the Exchanges and SEBI.
D. SELLING / CLOSING OF THE CLIENT POSITION WITHOUT PRIOR INTIMATION TO THE CLIENT
ENNDEE SECURITIES PVT. LTD. reserves the right (without affecting right to impose penalties as pointed out in point e) to sell the securities and close out positions of the clients without giving notice to the clients, if there is a default in payment of dues, limited to the extent of debit obligations whether of pay-in or margin.
E. PENALTIES /DELAYED PAYMENT IN CASE OF SETTLEMENT / MARGIN OBLIGATIONS.
If there is delay on payment of margin or settlement obligations i.e. margin/ credit balance lying in credit of the client are not transferred within one working day of the request by the client similarly debit balances in client accounts are not cleared within three working days of the notice to clear the same, penalty @ 1.5 % for every failure or part thereof is to be imposed on other party by other party. Trading and further exposure will be barred till clearance of debit balance of debit balance along with penalty.
F. INTERNAL NETTING O TRADES
If shortages arise out of internal netting of trades then local auction will be done and in case shares are not bought in auction then, internal closing will be done at highest price of the share from trading day till auction day or closing price of the share on the Auction day plus 10% whichever is higher in case of shortage of obligations.
G. LIQUIDATION/CLOSE OUT POSITIONS.
ENNDEE SECURITIES PVT. LTD. shall be entitled to close out all or any clients' position for non-payment of margins or any other dues, in the event of death of the client, insolvency of the client or otherwise barred by any regulatory authorities like SEBI, NSE, BSE, MCX, -SX, PMLA regulations or any government authorities etc and at any point of time the client indulges in any manipulative or illegal activities. Further clients will not be allowed to take fresh positions.
H. TEMPORARILY SUSPENDING OR CLOSING A CLIENT'S ACCOUNT AT THE CLIENT'S REQUEST.
On the written request of the client the trading will be suspended temporarily or account will be closed within 24 hours.
I. DEREGISTERING A CLIENT.
Within 24 hours, on receiving the written request from the client and sub broker- provided all dues are cleared. If the request is received from one party for the de-activation, then sending 30 days notice to the other party for confirmation and then account will be deactivated confirmation on expiry of 30 days whichever is earlier.
J. INACTIVE ACCOUNTS
If the client is inactive for the continuous period of twelve months that client's account will be considered as dormant account.
It will be activated on written request of the sub broker, if the above said period is less than two years and if period is more than two years, it will be activated on written request of the client only. Assets of those accounts will be transferred immediately after clearance of dues, if any. These accounts will be activated on the request of Head Office - Compliance officer / Branch Manager / Regional Head / Sub broker / Remisier / Authorized person, on the completion of the following documents and letter from the respective client . The duly signed documents along with necessary annexure should be forwarded to the KYC department for reactivation and KYC Team Will request to ADMIN team for the reactivation in Front end and back end software.