Restrictions / Prohibition to take further position or closing existing position :

Under any of the circumstances, such as, client’s failure to meet pay-in or margin obligations or clearance of Outstanding / debit balance with broker before permissible time limit or beyond such period as may be allowed by broker as per its RMS policy, the Client may not be permitted to take any fresh or further position until the full clearance of earlier dues, obligation, outstanding etc. Even, broker can firstly setoff or adjust the payment or securities towards various dues and obligation of the client and until the full clearance of the same, shall not allow the client to take further / fresh position.

Further, it would be the duty of the client to monitor his / her / its position with the Broker from time to time. In case of any delay or failure in meeting any obligation, margin requirements etc. from client side, broker might close the existing position or open position WITHOUT ANY FURTHER INTIMATION to the client as per RMS policy. Such Circumstances may include (but not limited to):

A. failure to meet pay-in obligation on T+2 day,

B. delay in meeting the pay-in or margin requirement,

C. delay or failure in clearance of outstanding or dues to the broker,

D. returning or frequent returning of cheques of the client,

E. Unnecessary / Unwarranted dispute from client without any substantial cause / reason,

F. Client’s attitude of not coming to an amicable settlement for any dispute that can be settled without involvement of Exchange and /or SEBI,

G As per prevalent RMS policy of the Broker,

H. Any direction from SEBI/Exchange or such other authorities,

I. Under such other circumstances as the Broker might think just and proper on case to case basis.