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Consortium Capital Pvt. Ltd. Internal Policies & Procedures forming a part of Member- Constituent Agreement.

The Board of Directors of Consortium Capital Pvt. Ltd. . (CONSORTIUM CAPITAL PVT. LTD. ) have adopted the following Internal Policies & Procedures in terms of SEBI Circular: MIRSD/SE/Cir-19/2009 dated 03.12.2009 forming integral part of the Member Constituent agreement in their meeting held on 29/03/2010.at the registered office of the Company.

Refusal of Orders for Penny Stocks:+-

  • CONSORTIUM CAPITAL PVT. LTD. shall have absolute discretion to term a stock as "PENNY". As per our policy, “PENNY STOCK” can be referred to as the stocks which are appearing in the list of illiquid securities issued by the Exchanges(Posted on their website) every month and any other stocks which CONSORTIUM CAPITAL PVT. LTD. might consider to be illiquid. The details of such stocks will be posted on the website of CONSORTIUM CAPITAL PVT. LTD.
  • CONSORTIUM CAPITAL PVT. LTD. at its discretion can accept, refuse or partially accept any buy or sell order for execution from the client in respect of such scrips. CONSORTIUM CAPITAL PVT. LTD. may allow restrictive acceptance of orders in such scrips and may demand appropriate declarations and additional margin from the client before accepting order of such stocks. CONSORTIUM CAPITAL PVT. LTD. may cancel orders in such scrips received by the clients before execution or partial execution or place any other kind of restrictions on the trade on such scrips without assigning any reasons thereof to the client.
  • CONSORTIUM CAPITAL PVT. LTD. shall not be responsible for any consequential opportunity loss or financial loss that a client may incur from delay or non execution of orders in penny stock.
  • CONSORTIUM CAPITAL PVT. LTD.may give an exposure limit which would be a multiple of the clear ledger balance in the account plus value of the shares given as collaterals computed after applying appropriate haircut depending on the risk profile of the client. In F & O segment exposure is given on the value of initial margin after applying appropriate hair cut. The exposure limit may be changed based on the volatility in the market and quality of collaterals.
  • CONSORTIUM CAPITAL PVT. LTD. may set different exposure limits varying for different clients depending on the credit worthiness, integrity and past conduct of the client. The client agrees that CONSORTIUM CAPITAL PVT. LTD. shall not be responsible for such variation, reduction or imposition or the clients inability to route any order through CONSORTIUM CAPITAL PVT. LTD. 's trading system on account of any such variation, reduction or imposition of limits.
  • CONSORTIUM CAPITAL PVT. LTD. follows the policy of charging brokerage not more than the maximum permissible brokerage as per the rules and regulation of the exchange/ SEBI. Brokerage shall be charged as per the rates agreed upon with the client at the time of registration. The brokerage is however subject to change at the discretion of CONSORTIUM CAPITAL PVT. LTD. in consultation with the Client. The brokerage amount debited to the client does not include any exchange related charges, statutory levies and any other charges. Any other applicable taxes imposed by statutory authority including securities transaction taxes, duties, service tax, etc will be paid by the client separately as may be levied on the transactions from time to time. Total Brokerage including other charges and excluding statutory levies will not exceed the 2.5% limit.
  • Clients will be liable to pay late pay in/delayed payment charges not exceeding 2% per month for not making payment of their pay-in obligation on time as per the exchange requirement or net ledger debit as applicable.
  • The client agrees that CONSORTIUM CAPITAL PVT. LTD. may impose fines/penalties for an orders/trades/deals/actions of the client which are contrary to this agreement/rules/regulations/bye laws 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 CONSORTIUM CAPITAL PVT. LTD. has to pay fine or bear any punishment from any authority in connection with/as a consequence of/ in relation to any of the orders/ trades/deals/actions of the client, the same shall be borne by the client.
  • Policy for settling shortage in obligation arising out of internal netting of trades is as under:
  • The securities delivered short are purchased from the market on T+3 day and the purchase consideration (including all statutory taxes & levies) along with a penalty is debited to the short delivering seller client. In case the shares are not available for purchase for any reason then the shortage will be closed out as per the prevailing rules of the respective exchanges. Currently, the penalty levied amounts to- NSE clients charged a flat rate of Rs 0.40 on value of purchase and BSE Clients charged @1% on value of purchase consideration.
  • Client unable to meet his pay-in obligation as per exchange requirement irrespective of the value of collaterals available.
  • Long pending debit balance in the client's account.
  • Margin shortfall not compensated by the client.
  • Dishonor of Cheque
  • Client dealing in "illiquid" stock as declared by CONSORTIUM CAPITAL PVT. LTD.
  • Transactions which may appear to be suspicious in nature
  • Where based on the happening of an event, CONSORTIUM CAPITAL PVT. LTD. has a risk perception that further trading in the contracts/securities may not be in the interest of the clients and /or the market.
  • The Account of a Client who do not trade and remain inactive for eight consecutive calendar quarters reckoned from the end of the end of the calendar quarter in which the client has traded shall be declared “inactive account” and will be temporarily suspended. The member reserves the right to ask for any documents in support of current address, bank account, demat account, financial status, etc. before reactivating the inactive account.

    CONSORTIUM CAPITAL PVT. LTD. may carry out periodic review of the client accounts and may suspend the accounts from trading (i.e. prohibiting any market transactions, only allowing client shares/ledger balance settlement to take place) under any of the following circumstances:

  • Where the Client is inactive for the last six months.
  • Where the Client has not cleared his dues after repeated reminders
  • Where Physical statements or contract notes, etc are received back undelivered and the client is not responding to update the correct address.
  • Where the client is reported or known to have expired.
  • Where client lodges a complaint either directly with CONSORTIUM CAPITAL PVT. LTD. or through the Exchange relating to alleged unauthorized Trades being executed in his account.
  • Where the account in under investigation by any regulatory body.
  • As per direction of the Exchanges, SEBI or any other regulatory body
  • On written request received from the client and the same can be activated on the written request of the client only.
  • The Client account can be closed on the written request of the client provided the client account is settled. If the client wants to reopen the account then the client has to again complete the KYC requirement.
  • Notwithstanding anything to the contrary stated in the agreement, CONSORTIUM CAPITAL PVT. LTD. shall be entitled to terminate the agreement with immediate effect in any of the following circumstances:
  • If the action of the client are prima facie illegal/improper or such to manipulate the price of any securities or disturb the normal/proper functioning of the market, either alone or in conjunction with others.
  • On the death/lunacy or other disability of the Client.
  • If the client being a partnership firm/any other organization, has any steps taken by the Client and/or its partners for dissolution or liquidation. If the Client suffers any adverse material change in his/her/its financial position or defaults in any other agreement with the Stock Broker.
  • If the Client has made any material misrepresentation of facts, including (without limitation) in relation to the Security.
  • If the client forms a part of the list of debarred entities published by SEBI and/or any action is taken by SEBI/Exchanges or any other body on the client.
  • Inactive client account will be considered as inactive if the client does not trade for a period of six months. Calculation will be done at the beginning of every month. In such cases CONSORTIUM CAPITAL PVT. LTD. may block or deactivate a clients account. A written request has to be made by the client for reactivation of their deactivated account.
  • CONSORTIUM CAPITAL PVT. LTD. reserves right to make changes in the Internal Policies and Procedures, as may be required from time to time. Such changes shall be notified to the clients and shall also be uploaded on CONSORTIUM CAPITAL PVT. LTD. ’s website. Such changes shall deemed to be accepted and agreed by the clients unless otherwise informed to CONSORTIUM CAPITAL PVT. LTD. within 15 days of the notification thereof.

Client Acceptance of Policies and Procedures stated here in above:

I/We have fully understood the same and do hereby sign the same and agree not to call into question the validity, enforceability and applicability of any provision/clauses in this document under any circumstances whatsoever. These Policies and Procedures may be amended/changed unilaterally by the broker, provided the change is informed to me/us through any one or more means/ methods. I/we agree never to challenge the same on any grounds including delayed receipt/non- receipt or any other reason whatsoever. These Policies and Procedures shall always be read along with the agreement and shall be compulsorily referred to while deciding any dispute/difference or claim between me/us and CONSORTIUM CAPITAL PVT. LTD. before any court of law/judicial/adjudicating authority including arbitrator/ mediator, etc.

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