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PRE
- ACCOUNT OPENING : |
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DO's |
DONT's |
| Familiarize
yourself with the rules, regulations, Bye-laws and
circulars issued by Stock Exchanges / SEBI before
entering into and/or carrying out any transaction. |
Do
not start trading until you have read and understood
all clauses of the Risk Disclosure Document, Agreements
and Annexures. |
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Transact only through registered brokers. Please carry
out due diligence before registering as a client with
any broker.
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Clear all your doubts by raising your queries with
the Relationship Manager prior to opening an account. |
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Read
and understand and then execute the Agreements &
Annexures with your broker setting out the terms and
conditions clearly. |
Do
not fill in wrong or incomplete details. Do not overwrite,
cancel, and mis-spell the details. |
Enter
accurate and complete details in the ‘Know Your
Client Form, fill up all fields. Do not leave any
spaces blank. Further strike out empty spaces . Provide
correct E-mail ID, DP ID and Bank account number. |
Do
not provide information which is factually incorrect
as the same is illegal. |
All
information provided should be factually correct and
accurate since this will form the basis of your relationship
with M. P. Vora Shares & Securities Pvt. Ltd..
Always keep your Correspondence Address, E-mail ID,
mobile number and phone number details provided in
the KYC updated in the records of M. P. Vora Shares
& Securities Pvt. Ltd. |
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Understand
the utility of maintaining a running account before
signing the authorization for the same. Maintaining
a running account with us is not compulsory. |
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Please
authenticate all corrections or overwriting done in
registration kit. |
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Fill
the kit with the name as provided on the PAN website.
Submit self attested copy of your ‘Permanent
Account Number’ (PAN). |
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| Space
provided for witness details should be duly filled along
with their signatures. |
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| Keep
copies of the ‘Member – Constituent Agreement’
and your trading account related documents. |
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Adopt
trading/investment strategies commensurate with your
risk bearing capacity, as all investments carry risk,
the degree of which varies according to the investment
strategy adopted. |
Do
not trade in any product without knowing and/or understanding
the associated risks and rewards involved in it. |
Assess
the risk-return profile of the investment as well
as the liquidity and safety aspects before making
and/or acting upon your investment decision. Make
investments based on your reasoning, after taking
into account all available information. |
Do not be influenced by information which is not originating
from an appropriate source. |
| Always
check the veracity of the information available. |
Do not believe in any promises made about Assured
Returns by M. P. Vora Shares & Securities Pvt.
Ltd. employees or Sub-Brokers. |
Please
seek independent professional advice regarding the
suitability of any investment decisions. |
Do
not rely on any implicit/explicit promise made by
the issuer or any third party on returns. |
Access
the websites of Companies and Rules, Regulations &
Byelaws of Exchanges for information. |
Do
not trade in illiquid shares or options or futures
stocks or Z, T2T category stock |
Always
keep updated yourself with the latest regulatory provisions,
inter alia, circulars and guidelines issued by SEBI
/ Exchanges from time to time. |
Do
not be influenced into buying stocks of fundamentally
unsound companies (penny stocks) based on sudden spurts
in trading volumes or prices or non-authentic favorable
looking articles/stories. |
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Do
not match/synchronize trades with any other person. |
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Do
not indulge in any trading activity which results
in disturbance of market equilibrium in any manner
including manipulation of price of any scrips. Do
not follow the herd or play on momentum-it could turn
against you. |
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Do
not be misled by so called hot tips. Do not get carried
away by luring advertisements/rumours circulated in
the markets, if any. |
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Do not undertake deals for others or trade on your
own name and then issue cheques from family members/friend
accounts. |
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Do not pay cash or issue a cheque in the name of any
employee of the broker or any other person in respect
of the transactions. |
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Do not undertake off-market transactions in securities. |
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Do
not place orders in the system at a price which is
far away from the last traded price. |
Call
on the landline numbers of your local branch and give
clear and unambiguous instructions while placing orders
over the phone. |
Do
not give instructions which are not clear. |
Be
aware of the risk associated with your Cash Market
and Futures & Options positions in the market
and margin calls on them. In case of inadequate margin/non-payment
of margin in your account, positions will be squared-off
by the Risk Management Team. |
Do
not forget to take note of risks involved in the investment. |
Always
keep track of the margin requirement either by contacting
your Branch or by logging into trading account/website. |
Do
not share your password with anyone. While M. P. Vora
Shares & Securities Pvt. Ltd. strives to provide
you with a secure trading environment, we urge you
not to part with your password and other sensitive
account information to anyone. This will preserve
the security of your account and of your transactions.
M. P. Vora Shares & Securities Pvt. Ltd. is not
liable for any loss arising from sharing of your password
with anyone, nor from its consequent unauthorized
use. |
Please
bear in mind that it is your responsibility to maintain
margins. M. P. Vora Shares & Securities Pvt. Ltd.
shall square up outstanding position in case of shortfall
in margin and delay in payments. |
Do
not respond to any E-mail from an address appearing
to be sent by M. P. Vora Shares & Securities Pvt.
Ltd. or from any other E-mail ID, asking you for personal
information, account details or information on your
User ID and Password of your trading and/or depository
account. It is M. P. Vora Shares & Securities
Pvt. Ltd. policy not to seek such information through
E-mail. If you have already disclosed your password
please change it immediately. |
Maintain
secrecy of your password in case of Internet Trading,
since you will be solely responsible for all transactions
effected from its usage. Keep changing your password
frequently. |
Do
not use help from any M. P. Vora Shares & Securities
Pvt. Ltd. employee or any other person while resetting
your Password. Incase you have taken help from someone
while resetting your password then immediately change
your password again and ensure that the new password
is only known to you. |
Contact
your Branch manager or Sub-broker in case of any issue.
Incase your they are not able to solve your problem
please immediately contact head office. |
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Insist
and ensure that for every executed trade you receive
duly signed contract note from your broker, highlighting
the details of the trade, trade time and number,
transaction price, brokerage along with your Unique
Client ID, broker's name. Please note that the details
of every executed trade are posted on our website
www.mpvora.in on a daily basis. Access the website,
wherever possible and satisfy yourself about the
correctness of your trades. Verify all details in
contract notes, immediately on its receipt. |
Please
note that if you are in margin call then your positions
would be squared-off if you do not bring in sufficient
funds within the stipulated time period. |
Crosscheck
details of your trade with details as available
on the Exchange website. |
Do
not delay payment/deliveries of securities to Broker/Sub-Broker. |
Insist
on periodical statement of accounts for your scrutiny. |
Do
not accept unsigned contract notes. Do not pay more
than the agreed brokerage. |
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Pay margins
within the prescribed time. Collect/pay, your MTM
margins, on your positions, on a daily basis, from/to
your Broker. |
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Ensure
receipt of payment/deliveries within one working
day of pay-out unless you have opted to maintain
a running account or payment is unclear. |
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Deliver
the shares in case of sale or pay the money in case
of purchase before the pay-in day. |
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Make
payments; enhance margins through cheques/drafts
made out in favour of M. P. Vora Shares & Securities
Pvt. Ltd. only. |
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Transfer
Funds only from your own bank accounts |
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go
up...
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