PRE- ACCOUNT OPENING

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 transactio

Transact only through registered brokers. Please carry out due diligence before registering as a client with any broker.

Clear all your doubts by raising your queries with the Relationship Manager prior to opening an account.

Do not start trading until you have read and understood all clauses of the Risk Disclosure Document, Agreements and Annexures.

ACCOUNT OPENING :

DO's DONT's

Read and understand and then execute the Agreements & Annexures with your broker setting out the terms and conditions clearly.

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.

All information provided should be factually correct and accurate since this will form the basis of your relationship with PRL STOCK & SHARE BROKERS 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 prl Stock & Share Brokers Pvt. Ltd

Understand the utility of maintaining a running account before signing the authorization for the same. Maintaining a running account with us is not compulsory.

Please authenticate all corrections or overwriting done in registration kit.

Fill the kit with the name as provided on the PAN website. Submit self attested copy of your 'Permanent Account Number' (PAN).

Space provided for witness details should be duly filled along with their signatures.

Keep copies of the 'Member - Constituent Agreement' and your trading account related documents

Do not fill in wrong or incomplete details. Do not overwrite, cancel, and mis-spell the details.

       

          

Do not provide information which is factually incorrect as the same is illegal.

PRE - TRADING

DO's DONT's

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.

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.

Always check the veracity of the information available.

Please seek independent professional advice regarding the suitability of any investment decisions.

Access the websites of Companies and Rules, Regulations & Byelaws of Exchanges for information.

Always keep updated yourself with the latest regulatory provisions, inter alia, circulars and guidelines issued by SEBI / Exchanges from time to time.

Do not trade in any product without knowing and/or understanding the associated risks and rewards involved in it.

Do not be influenced by information which is not originating from an appropriate source.

Do not believe in any promises made about Assured Returns by PRL Stock & Share Brokers Pvt. Ltd. employees or Sub-Brokers.

Do not rely on any implicit/explicit promise made by the issuer or any third party on returns.

Do not trade in illiquid shares or options or futures stocks or Z, T2T category stock

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.

Do not match/synchronize trades with any other person.

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.

Do not be misled by so called hot tips. Do not get carried away by luring advertisements/rumours circulated in the markets, if any.

Do not undertake deals for others or trade on your own name and then issue cheques from family members/friend accounts.

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.

Do not undertake off-market transactions in securities.

Do not place orders in the system at a price which is far away from the last traded price.

TRADING

DO's DONT's

Call on the landline numbers of your local branch and give clear and unambiguous instructions while placing orders over the phone.

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.

Always keep track of the margin requirement either by contacting your Branch or by logging into trading account/website.

Please bear in mind that it is your responsibility to maintain margins. PRL Stock & Share Brokers Pvt. Ltd. shall square up outstanding position in case of shortfall in margin and delay in payments.

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.

Contact your Branch manager or Sub-broker in case of any issue. Incase they are not able to solve your problem please immediately contact head office.

Do not give instructions which are not clear.

Do not forget to take note of risks involved in the investment.

 

 

Do not share your password with anyone. While PRL Stock & Share Brokers 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. PRL STOCK & SHARE BROKERS PVT. LTD. is not liable for any loss arising from sharing of your password with anyone, nor from its consequent unauthorized use.

 

Do not respond to any E-mail from an address appearing to be sent by PRL Stock & Share Brokers 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 PRL Stock & Share Brokers Pvt. Ltd. policy not to seek such information through E-mail. If you have already disclosed your password please change it immediately.

Do not use help from any PRL Stock & Share Brokers 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.

PRE- ACCOUNT OPENING :

DO's DONT's

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.prlstock.com 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.

Crosscheck details of your trade with details as available on the Exchange website.

Insist on periodical statement of accounts for your scrutiny.

Pay margins within the prescribed time. Collect/pay, your MTM margins, on your positions, on a daily basis, from/to your Broker.

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.

Deliver the shares in case of sale or pay the money in case of purchase before the pay-in day.

Make payments; enhance margins through cheques/drafts made out in favour of PRL STOCK & SHARE BROKERS PVT. LTD. only.

Transfer Funds only from your own bank accounts

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.

 

 

 

Do not delay payment/deliveries of securities to Broker/Sub-Broker.

 

 

Do not accept unsigned contract notes. Do not pay more than the agreed brokerage.

Attention Investors:

  • Stock Brokers can accept securities as margin from clients only by way of a pledge in the depository system w.e.f. September 1, 2020.
  • Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from the depository on your email id and/or mobile number to create a pledge.
  • Pay a 20% upfront margin of the transaction value to trade in the cash market segment.
  • Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide notice no. 20200731-7 dated July 31, 2020, and 20200831-45 dated August 31, 2020, and other guidelines issued from time to time in this regard.
  • Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.
  • As you are aware, under the rapidly evolving dynamics of financial markets, it is crucial for investors to remain updated and well-informed about various aspects of investing in securities market. In this connection, please find a link to the BSE Investor Protection Fund website where you will find some useful educative material in the form of text and videos, so as to become an informed investor. https://www.bseipf.com/investors_education.html . We believe that an educated investor is a protected investor !!!
  • Beware of fixed/guaranteed/regular returns/ capital protection schemes. Brokers or their authorized persons or any of their associates are not authorized to offer fixed/guaranteed/regular returns/ capital protection on your investment or authorized to enter into any loan agreement with you to pay interest on the funds offered by you. Please note that in case of default of a member claim for funds or securities given to the broker under any arrangement/ agreement of indicative return will not be accepted by the relevant Committee of the Exchange as per the approved norms.
  • Do not keep funds idle with the Stock Broker. Please note that your stock broker has to return the credit balance lying with them, within three working days in case you have not done any transaction within last 30 calendar days. Please note that in case of default of a Member, claim for funds and securities, without any transaction on the exchange will not be accepted by the relevant Committee of the Exchange as per the approved norms.
  • Check the frequency of accounts settlement opted for. If you have opted for running account, please ensure that your broker settles your account and, in any case, not later than once in 90 days (or 30 days if you have opted for 30 days settlement). In case of declaration of trading member as defaulter, the claims of clients against such defaulter member would be subject to norms for eligibility of claims for compensation from IPF to the clients of the defaulter member. These norms are available on NSE and BSE Exchanges website at following link:
    NSE : https://www.nseindia.com/invest/about-defaulter-section.
    BSE : https://www.bseindia.com/static/investors/Claim_against_Defaulter.aspx
  • Brokers are not permitted to accept transfer of securities as margin. Securities offered as margin/ collateral MUST remain in the account of the client and can be pledged to the broker only by way of ‘margin pledge’, created in the Depository system. Clients are not permitted to place any securities with the broker or associate of the broker or authorized person of the broker for any reason. Broker can take securities belonging to clients only for settlement of securities sold by the client.
  • Always keep your contact details viz. Mobile number/Email ID updated with the stock broker. Email and mobile number is mandatory and you must provide the same to your broker for updation in Exchange records. You must immediately take up the matter with Stock Broker/Exchange if you are not receiving the messages from Exchange/Depositories regularly.
  • Do not ignore any emails/SMSs received from the Exchange for trades done by you. Verify the same with the Contract notes/Statement of accounts received from your broker and report discrepancy, if any, to your broker in writing immediately and if the Stock Broker does not respond, please take this up with the Exchange/Depositories forthwith.
  • Check messages sent by Exchanges on a weekly basis regarding funds and securities balances reported by the trading member, compare it with the weekly statement of account sent by broker and immediately raise a concern to the exchange if you notice a discrepancy.
  • Please do not transfer funds, for the purposes of trading to anyone, including an authorized person or an associate of the broker, other than a SEBI registered Stock broker.


Advisory on Impersonation and Unauthorised Market Practices
It has been observed that there are various unsolicited messages being circulated in the market whereby some unscrupulous persons / entities operating through Indian and International mobile numbers, through impersonation on social media platforms like WhatsApp Groups, Telegram Channels, Facebook, Instagram Channels, etc. are falsely claiming to be associated with reputed financial institutions, showcasing fake certificates purportedly issued by SEBI/ Exchanges. In context of the above, investors are advised to be aware about such suspicious entities / persons and abstain from dealing in any schemes of unauthorised collective investments / portfolio management, indicative/ guaranteed /fixed returns / payments. Investors are guided to verify the authentication of offer by visiting the official website or tagging official social media handles or by calling customer care no. / email / phone no. Investors are advised to not to participate / subscribe to any such product / scheme being offered. For clients’ information & awareness in context of the Unauthorised Market Practices, the exchanges have issued the press releases on their websites which are as follows:

NSE : https://www.nseindia.com/invest/advisory-for-investors
BSE : https://www.bseindia.com/markets/MarketInfo/MediaRelease.aspx
and
https://www.bseindia.com/attention_investors.aspx

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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