1. The modification to the client code is to be done only in exceptional cases and detailed reasons to be recorded, such as :
(a) Error due to communication or punching or typing such that the original client code/name and the modified client code/name are similar to each other.
(b) Modification within relatives (Relatives for this purpose would mean “Relative” as defined under sec.6 of the companies act, 1956.)
2. These transactions then are rooted thru the A/C- ‘ERROR’ in the UCC database of the Exchange for the account which is classified as error account.
3. We will inform the Exchange (through BEFS), by end of day, the reasons for modifications of client codes of non-institutional trades based on the aforesaid objective criteria.
4. There after it is reported to the Director and only with his approval, the modification should be carried after being satisfied that it is genuine, the same is required to be done to protect the interests of the client.
5. Hence the facility to modify the client code is to be used only at the senior Manager Level and should not be given to the dealers etc.
This aspect is regularly discussed in weekly review meeting.
Attention Investors
1. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorize your bank to make payment in case of allotment. No worries for refund as the money remain in investor’s account.
2. Prevent Unauthorized transactions in your account —> Update your mobile numbers/email IDs with your stock brokers.
3. KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary
4. AS PER SEBI DIRECTIVE (CIRCULAR NUMBERS: SEBI/HO/MIRSD/DOP/CIR/P/2020/28 & SEBI/HO/MIRSD/DOP/CIR/P/2020/143), EFFECTIVE FROM 1ST AUGUST 2020, FOR CREATION OF PLEDGE/UNPLEDGE, CLIENTS HAVE TO NECESSARILY AUTHENTICATE THE OTP RECEIVED ON THEIR MOBILE PHONES AND LINK RECEIVED ON THEIR EMAIL IDS. HENCE, ALL CLIENTS ARE REQUESTED TO KINDLY ENSURE THAT THE MOBILE NUMBER AND EMAIL ID REGISTERED WITH US ARE ACTIVE AND WORKING.
SEBI REGN NO
NSE CASH/F&O - INB/INF 231220931
BSE CASH/F&O - INB/INF 011220937
CDSL SEBI REG NO - IN-DP-462-2020
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