The Member agrees to provide the Member's ITORS Service to the Client and the Client agrees to avail of the Member's ITORS Service on and subject to the terms and conditions of this Agreement, the Exchange Provisions.
The Client shall deposit with the Member cash, securities or such other acceptable security as the Member may require as margin. The Member may require the Client to deposit margins in amounts greater than those required by the Exchange.
There shall be no cancellation of order(s) which have already been executed. The cancellation of order(s) which have not been executed shall be effected only if the cancellation request is received before the execution of the order(s). The Client shall not be entitled to presume an order as having been executed or canceled until a confirmation from the Member is received.
The Client agrees to pay applicable brokerage, commissions, fees, service tax, and transaction expenses as may be levied from time to time. A schedule of charges is available upon request.
Online confirmations shall follow order execution or cancellation, with subsequent confirmation via mail or email. Clients must review all confirmations and report discrepancies immediately.
The Member shall not be liable to provide the Client with any legal, tax, investment or accounting advice. The Member's employees are not authorized to provide such advice. The Client assumes full responsibility for all investment decisions.
This Agreement supplements but does not supersede the main Member-Client Agreement. The provisions of the main Agreement shall apply where not specifically modified herein.
The Member's ITORS System has been approved by the Exchange, or the Member will obtain approval before commencing the ITORS Service.
The Exchange asserts a proprietary interest in all of the market data it furnishes. The Exchange does not guarantee the accuracy or completeness of market data. Neither the Member nor the Exchange shall be liable in any way for incorrect, misleading, incomplete or dated data.
Written notices may be delivered personally, by fax, registered post, or email to addresses specified. Ordinary course communications may be oral. The Member's address is: 4th Floor, Janmabhoomi Bhavan, Fort, Mumbai 400001.
The Member and/or its agents will not be liable for losses caused directly or indirectly by government restriction, Exchange or market rulings, suspension of trading, computer, communication, telephone or system failure, war, earthquakes, flood, accident, power failure, equipment or software malfunction, strikes or any other conditions beyond the Member's control.
The Member may discontinue the ITORS Service in part or in its entirety and change the terms of the Service at any time and from time to time, without prior notice.
The Member may terminate this Agreement at any time without advance notice. The Client may terminate this Agreement with seven days' notice provided no amounts are owed to the Member. Termination shall not affect accrued rights or obligations.
If any provision of this Agreement becomes invalid or unenforceable, the remaining provisions shall continue in full force and effect.
Forbearance by either party to enforce any right or remedy shall not constitute a waiver of such right or remedy unless specifically agreed in writing.
This Agreement shall be governed by and construed in all respects in accordance with the laws of the Republic of India. The courts in Mumbai shall have exclusive jurisdiction. This Agreement is subject to Exchange Provisions and SEBI Regulations.
All claims and disputes shall be subject to the Exchange's grievance redressal and arbitration procedures as prescribed from time to time.
