This document contains important information regarding the terms and conditions, which apply to your Net -Trading Account with Alice Blue Financial Services (P) Ltd. 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 Trading Account
B) Investment advice You acknowledge that while Alice Blue Financial Services (P) Ltd. 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. Alice Blue Financial Services (P) Ltd. 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.
C) 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 clearinghouse, if any, where the transactions are executed by Alice Blue Financial Services (P) Ltd. or its agents, including Alice Blue Financial Services (P) Ltd 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 Alice Blue Financial Services (P) Ltd will facilitate trading, and any applicable self-regulatory organization
D) 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 to resident Indians 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 opening process
E) Commissions and fees As mutually agreed and subject to the maximum prescribed by SEBI
F) Depository Account
1. 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.
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 demise.
H) 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.
I) Exposure Limit
Exposure is subject to the peak margin requirement prescribed SEBI and Different scrips attract different margins.
J) Compliance action
We may initiate compliance action in case of any default in payments of any dues receivable by us from the client. A. Compliance action includes but not limited to – –
Squaring off of outstanding transactions.