This document contains important information regarding the terms and conditions,
which apply to your Net -Trading Account with Inditrade. PLEASE READ THIS DOCUMENT
CAREFULLY and retain it for future reference. Please note that the information contained
herein is subject to change without notice.
Opening your Inditrade Net Trading Account
To start Net trading with Inditrade you need to open a trading Account and a Depository
(or Demat shares) Account with Inditrade Capital Ltd. All receipts and payments
for buying and selling of shares and all commissions and charges will be posted
to your trading Account . Shares which you buy and sell through the trading Account
will be received in or delivered from your demat Account. Trading account refers
to the account of client maintained by Inditrade in their books of accounts. Demat
account refers to the account opened by you with Depository for holding securities
in electronic form. For the purpose of Net-Trading through Inditrade demat account
refers to the account opened by client with National Securities Depository Limited
(NSDL) through Inditrade Capital Ltd as Depository Participants (DP). If you already
have a demat Account with Inditrade Capital Ltd, then the same Account can be linked
to your Net trading Account. Just give us your Account details at the time of becoming
a Net trading customer.Before we can make your Account operative, we require that
you fill and sign all forms / agreements which form part of your Account opening
kit, and supply us with all the relevant legal documents and financial information
which law requires us to maintain. You warrant and represent that the information
that you supply in your Account Application (or other information that Inditrade
may require) is accurate and truthful. You also expressly authorize Inditrade to
obtain reports concerning your credit standing and business conduct.
If your application is approved, Inditrade will open a Net trading Account (an "Account")
for you. We reserve the absolute right to either accept or reject your application
on any grounds whatsoever and you agree that you shall not dispute the result in
any manner whatsoever.
You acknowledge that while Inditrade does provide advice regarding the suitability
or profitability of a Scrip or investment, or any other tax or legal advice it may
add on from time to time, You assume full responsibility with respect to transactions
in or for your Account and your investment decisions. Inditrade and its officers,
directors, employees, agents and affiliates will have no liability with respect
to transactions in or for your Account and your investment decisions.
Applicable rules and regulations
All transactions in your Account shall be subject to the constitution, rules, regulations,
customs and usage of the exchange or market, and its clearing house, if any, where
the transactions are executed by Inditrade or its agents, including Inditrade’s
subsidiaries and affiliates. Also, where applicable, the transactions shall be subject
to the provisions of the Securities and Contracts Regulations Act (SCRA), as amended,
and to the rules and regulations of the Securities and Exchange Board of India (SEBI),
National Securities Depository Limited (NSDL), the exchanges where Inditrade will
facilitate trading, and any applicable self-regulatory organization.
Who is eligible
You can open these Accounts if you are over 18 years and if you will operate this
on an individual basis. It is open for resident Indian only. Indian regulations
require us to maintain basic financial details about each client. You need to provide
us the details of your bank Account. Your signatures on the Account opening form
need to be the same, as maintained in the bank records. All Resident Individuals
need to provide us Income Tax returns details - IT PAN/GIR number, during your Account
As mutually agreed and subject to the maximum prescribed by SEBI.
- Joint Accounts Your demat Account can be held jointly with other people (typically
relatives). For your demat Account, an instruction given to us by someone who knows
your password will be necessary and sufficient condition to effect a transaction.
Please note that normally regulations require both the Account holders to sign on
instruction but that you are agreeable to any transactions on such Account being
executed in the manner outlined above.
- Nomination You can also nominate someone in your Demat Account, who becomes
the beneficiary of the shares held in the Account in the unfortunate event of your
Cheque receipt/ payment
- You can deposit amount in your Account by using Internet banking, or by personal
cheque or a demand draft. Credit will be available in your Account after the funds
Digital contract notes
Contract notes, as per the prevailing rules and regulations, shall be issued within
the stipulated time limit by e-mail to the address submitted by you.
Different scrips attracts different margin
We may initiate compliance action in case of any default in payments of any dues
receivable by us from client.
Compliance action includes but not limited to
- Squaring off of outstanding transactions.
- We have full LIEN ON CASH AND SECURITIES BALANCES in trading account /depository
account of client and may sale such securities lying with us or stock lying in client
depository account with us. Any loss arising out of squaring off or sale of securities
will be to client account and we will not be liable for any cost or damage or any
- Locking / suspending client account and no further transactions will be allowed
till the time all dues are settled or till the time as may deem fit by us.
- Withholding payout of securities bought by client against any dues receivable by
- Levy of interest @24 p.a. for any delay in receipt of our dues, which includes pay
in amount, margin amount, fees, commission, or pay other charges
We may take any one or all compliance actions as mentioned above and will intimate
to the client on compliance action being taken and details thereof.
To avoid compliance action, client should deposit additional funds, squared off
outstanding transactions or sale other securities lying in his depository account
to make his CCB positive. Client should always look at his exposure, M to M losses,
pay in and other obligation alerts forwarded by us, etc. to enable himself to take
necessary action in a timely manner.
Disclosure of Information regarding client
Inditrade Capital Ltd hereby undertakes to maintain the details of the client as
mentioned in the client registration form or any other information pertaining to
the client, in confidence and that he shall not disclose the same to any person/entity
except as required under the law:
Provided however that Inditrade shall be allowed to share the details of the client
as mentioned in the client registration form or any other information pertaining
to the client with parties/entities other than required under law with the express
permission of the client.