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Details of Unclaimed/Unpaid dividend with the Company
TERMS OF USE
CASH SEGMENT

A) Introduction:

All the terms, conditions, details etc placed hereunder are put in accordance with the rules, regulations, byelaws, systems, procedures, Process of the respective Exchanges, Depositories, Regulators, Authorities who control, monitor, revise, introduce or cancel all such aspects from time to time and the user shall be and expected to be through having complete knowledge of all these and such aspects since being the users of the arrangements, mechanisms, facilities provided by the Exchanges/Depositories & such others. SCSL is only a intermediatory service provider Brokers only between users and such Exchanges/Depositories/Others.

This document contains important information regarding the terms and conditions, which apply to your E-Trading Account with Steel City Securities Limited. PLEASE READ THIS DOCUMENT CAREFULLY and retain it for future reference. Please note that the information contained herein is subject to change without notice and they are of NSE rules, regulations, process, procedures and are of SCSL whereever it has independence, choice as Member of the Exchange/Depository/such others to formulate its own systems, process, procedures.

Opening your Steel City Securities Limited E-Trading Account:

To start as E-Trading client with Steel City Securities Limited you need to open a trading Account and a Depository (or Demat shares) Account with Steel City Securities Limited. All receipts and payments for buying and selling of shares and all commissions and charges will be posted to your trading Account . Shares which you buy and sell through the trading Account will be received in or delivered from your Demat Account.

Trading account refers to the account of client maintained by Steel City Securities Limited in their books of accounts. Demat account refers to the account opened by you with Depository for holding securities in electronic form. For the purpose of E-Broking through Steel City Securities Limited demat account refers to the account opened by client with National Securities Depository Limited (NSDL) through Steel City Securities Limited as Depository Participants (DP). If you already have a demat account with Steel City Securities Limited, then the same Account can be linked to your E-Trading Account. Just give us your Account details at the time of becoming an E-Trading customer. Before we can make your Account operative, we require that you fill and sign all forms / agreements which form part of your Account opening kit, and supply us with all the relevant legal documents and financial information which law requires us to maintain You warrant and represent that the information that you supply in your Account Application (or other information that Steel City Securities Limited may require) is accurate and truthful. You also expressly authorize Steel City Securities Limited to obtain reports concerning your credit standing and business conduct. If your application is approved, Steel City Securities Limited will open an E-Trading Account (an "Account") for you. We reserve the absolute right to either accept or reject your application on any grounds whatsoever and you agree that you shall not dispute the result in any manner whatsoever.

B)Investment Advice:

You acknowledge that while Steel City Securities Limited 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. Steel City Securities Limited 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.

The decision for each and every transaction is yours only and SCSL is not at all responsible whatsoever for any at any time.

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 clearing house, if any, where the intermediatory transactions are executed by Steel City Securities Limited or its agents, including Steel City Securities Limited 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 time to time rules and regulations of the Securities and Exchange Board of India (SEBI), National Securities Depository Limited (NSDL), and any Depositories and the Exchanges where Steel City Securities Limited will facilitate trading, and any applicable Regulations and or self-regulatory organizations. SCSL is only a intermediatory service provider and its scope is limited that only.

D) Type of Account:

Steel City Securities Limited provides facility for delivery trading and margin trading.

E) 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 for resident Indian 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, and their details for proper identification
during your Account opening process.

F) Commissions and fees:

For Intra-day Trades :

0.1% on the buy side and 0.1% on the sell side. This is subject to a minimum brokerage of 5 paise per share. This means that if the share price you trade in is Rs 50/- or less, a minimum brokerage of 5 paise per share will be charged.

For Delivery Based Trades:

0.5% or 10 paise per share or Rs 20 per Scrip whichever is higher. Minmum brokerage of 10 paise per share will be applicable when the share price is Rs 20/- or less. Minimum brokerage of Rs 20/- per scrip will be applicable when the total traded value is Rs 4000/- or less.

G) Depositary 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 you or 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 as above.

2.Nomination:

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) Exchange and segment you can trade on:

Steel City Securities Limited currently executes all trades at the National Stock Exchange of India Limited. For all the stocks which are in the compulsory rolling segment (EQ series, on NSE) trades will be executed in this segment. Steel City Securities Limited may add other exchanges (Mumbai Stock Exchange , BSE, Depositories, segments, products time to time that are available & allowed by the Authorities.

I) Eligible list of stocks:

Only demat stocks can be traded on Steel City Securities Limited.
Buy / Sale: We may not allow certain shares for trading if price manipulation is suspected or stock being illiquid or for any other reason which we may deem necessary.

J) Orders:

Validity period of the orders: All orders will be valid for the day until the normal market closes. On closure of the market the orders (or the pending part of the order) will automatically lapse. Though orders are usually routed to the marketplace within seconds, certain orders, at the Steel City Securities Limited sole discretion, may be subject to manual review and entry, which may cause delays in the processing of your orders. You also understand that you will receive the price at which your order executes in the market place, which may be different from the price at which the Scrip or option is trading when your order is entered into our system. You also understand that market orders may get executed at a price significantly unfavorable to you, depending upon market fluctuations. Orders are pre-validated before placing on the Exchange. All orders placed with Steel City Securities Limited will be pre-validated against your cash and shares balances before placing them on the Exchange. The validation rules are subject to change from time to time by Steel City Securities Limited. If the funds or the shares are insufficient to process the orders, then the order will be rejected.

Order acceptance:

After Steel City Securities Limited validates the order, it is placed on the Exchange. The Exchange may accept or reject the order, based upon its internal rules and regulations.

Modify / Cancel orders:

Steel City Securities Limited has provided the facility to modify (price and quantity) or cancel un-executed orders. You can see the status or your orders through the order tracker (from Getting Started guide). However, between the time of submission of modify / cancel request and placing the same on the Exchange all or some part of the pending order may get executed. And modification or cancellation can be applied only on the yet un-executed part of the order. If full funds are not available in the Account and an order is processed, your payment via internet banking, personal cheque or demand draft payable to Steel City Securities Limited, must be promptly submitted to ensure that such payment will be received prior to settlement date. If payment is not received by settlement date, or as market conditions warrant, your Account may be liquidated, without prior notification. In the event your Account is liquidated, you will be liable for any resulting losses and all associated costs incurred by Steel City Securities Limited. Such actions on the part of SCSL is a Operational, Procedural necessity practiced in this market manouvers.

K) Purchase transaction:

Net purchases made in any Scrip by you will be credited to your Demat Account. Shares are available for credit as per the settlement schedule of the Exchanges, after the full payment is made to the ClearingHouse of the Exchange.

Sometimes, the ClearingHouse may not be able to deliver the full quantity expected. In such cases, the Exchange will try to buy the short delivery by conducting an auction, resulting in a delayed delivery into your Account, or will force a close-out and credit the money into your Account, if delivery cannot be arranged even through an auction process.

Sometimes it may also happen that the clients buying/selling obligation result in internal obligation because of the Exchange method of settling trades on net obligation at the Member level. If any selling client fails to deliver the required securities and due to this the buyer does not get the security in payout, then we may buy such short shares. Such shares will be delivered to the buying client and the selling client will be debited by the purchase price (together with brokerage and other costs thereon). If the shares are not received even after such purchase by us (generally done approximately around 2 pm), then the buyer will be credited with a close-out rate + 3% on the T+6th day of the Exchange and the seller will be debited by the same amount.

Value of all purchase transactions will be debited to your Account immediately. SCSL is not liable for any Consequences for these actions.

L) Sale Transaction:

Steel City Securities Limited generally stipulates that Sell Orders can be accepted only against available shares in your Account, which are good and deliverable to the Exchange. Any order inadvertently accepted without available shares in the Account will be subject, at Steel City Securities Limited discretion, or as per the Exchange's rules and regulations to cancellation or buy-in.

Available shares means shares for which you are beneficially entitled to as per Depository (NSDL) records in your DEMAT account plus securities purchased by you in the settlement in which you intend to sell minus the shares sold by you pending settlement with the Exchange.

However, short sale can be done in scrips approved by us. List of scrips allowed under Short Sell is available on site.

For all sales done in your Account, if there is a net sales position as on that day in any scrip, Steel City Securities Limited will block or transfer shares from your Demat Account to the Pool Account for delivering to the Clearing House of the Exchange. Shares once transferred out of the Demat Account cannot be transferred back. Proceeds of the sale cannot be paid to you until the shares are delivered to the Clearing House of the Exchange and a credit is received thereof from Exchange. To that extent, your withdrawable balance can be lesser than your cash Account balance. The balances will be retained in your Account unless you request otherwise. You may withdraw uninvested cash from your Account upon request to Steel City Securities Limited.

M) Cheque receipt / payment:

You can deposit amount in your Account by using Internet banking, or by personal cheque or a demand draft. Credit will be available in your Account after the funds are cleared / realised into the Account of SCSL.

N) Negative balance in your Account:

There could be negative balance in your Account due to reasons like charges debit, inadvertently processing buy orders without available balance etc. In such cases, your payment via Internet banking, via personal cheque or demand draft payable to Steel City Securities Limited must be promptly submitted/paid.

If payment is not received with in a reasonable time, your Account may be liquidated, without prior notification. In the event your Account is liquidated, you will only be liable further for any resulting losses and all associated costs incurred by Steel City Securities Limited and you shall pay them immediately. We reserve on right to take any action as may deem fit including locking of your account.

O) Other shares transactions:

All other transactions in your Demat Account (Account transfers for trades other than what is done with Steel City Securities Limited), pledge / unpledge, off-market transfers and all such other transitions which NSDL allows can be done by mailing instruction slips to us, with the correct signatures of all holders. All rules, regulations and time deadlines prescribed for those transactions, as per the client agreement and NSDL rules will continue to apply for such transactions and instructions also.

P) Contract notes:

ndian rules currently require issuance of contract notes for all buying and selling of shares. Steel City Securities Limited will issue Digital contract notes, till such time that the legal requirement to do so exist.

Digital Contract notes will be sent to your E-Mail address

Q) Exposure Limit:

Client can buy or sell shares subject to 25% / 50% / 100% scripwise margin. Different scrips attracts different margin and list of scrip is available on site.

R) Non Cash Limit:

Apply for a Steel City Securities Limited trading Limit Against Shares margin instead of paying margin in cash. .. Unlock 50% of the value of the current portfolio value! And the best part is that you can continue to enjoy all your shareholder benefits such as rights, dividends, bonuses or interest.

a. Limit Against Share

Your minimum value of your Shares should be Rs 1 lac and maximum value for limit against shares to be accepted is Rs 10 lacs. (There can be limit against mix of both Shares)

i. You can avail 50% of the value of the scrip's as your limit.

Minimum three scrip's should be submitted for Limit against Shares and each scrip should not be more than 30% of total value of securities accepted towards margin.

Shares must be in your name and third party shares will not be accepted towards margin.

b. Scrip Accepted for Limit Against Shares:

i. Shares to be accepted towards margin should form part of NIFTY/ SENSEX scrips only.

ii. Only Demat scrip will be accepted for limit against shares.

iii. This can be done in two ways-

Either shares to be accepted towards margin can be Transferred to us in our demat account OR

You can pledge shares in our favor. If shares are in demat a/c. with us than we need a separate authorization to create pledge in client a/c.

If shares are in demat a/c. with other DP than no additional documentation is required and client need to contact his DP to create pledge in our favor.

Shares can be pledged from any Depository (NSDL or CDSL) and any Depository Participant across the country.


c. Who Can Apply: Only Indian individuals can apply.

(Minors, Hindu Undivided Families, NRIs, companies can not apply. Further, partly paid up,or shares in the name of individuals in companies of which they are Directors / Promoters cannot be accepted).

d. Features

i. 4 times exposure to be given as per current practice

ii. Long Position-Any cash amount due for outstanding position at the end of settlement should be paid by client by T+ 2 day

iii. Short position-Any security pay in for outstanding position at the end of settlement should be paid into received in our pool a/c. by T+ 2 day

Client should keep a watch on market value of securities margin and outstanding position and be ready to put additional shares/ cash towards shortfall in margin to avoid compliance action.

S) Compliance action:

We may initiate compliance action in case of any default in payments of any dues receivable by us from client.

A. Compliance action includes but not limited to --

1. Squaring off of outstanding transactions.

2. We have full and complete LIEN ON CASH AND SECURITIES BALANCES in trading account / depository account of client and may sale such securities lying with us or stock lying in client depository account with us. Any loss arising out of squaring off or sale of securities will be to client account and we will not be liable for any cost or damage or any consequences thereof.

Locking / suspending client account and no further transactions will be allowed till the time all dues are settled or till the time as may deem fit by us.

Withholding payout of securities bought by client against any dues receivable by us.

Levy of interest @ 24 p.a. for any delay in receipt of our dues which includes pay in amount, margin amount, fees, commission or any other charges.

We may take anyone or all compliance. To avoid compliance action, client should deposit additional funds, squared off outstanding transactions or sell other securities lying in his depository account to make his CCB positive. Client should always look at his exposure, Mark to Market losses, pay in and other obligations, alerts forwarded by us, etc. to enable himself to take necessary action in a prompt timely manner. It is the duty of the client and liable for any failures.

T) Disclosure of Information regarding a client:

Steel City Securities Limited hereby undertakes to maintain the details of the client as mentioned in the client registration form or any other information pertaining to the client, in confidence and that it shall not disclose the same to any person/entity except as required under the law:

Provided however that Steel City Securities Limited shall be allowed to share the details of the client as mentioned in the client registration form or any other information pertaining to the client with parties/entities other than required under law with the express permission of the client.

THE F & O SEGMENT:

A) Introduction:

This section contains important information regarding the terms and conditions for your trades in F & O (Futures & options) segment of NSE (National Stock Exchange of India limited).

Currently Steel City Securities Limited provides facility to trade in futures contracts (Index & Stock) only in F & O segment of NSE.

Steel City Securities Limited is in the process of introducing trading in options contracts (Index & Stock) and will be intimated in due course.

B) Investment Advice:

You acknowledge that while Steel City Securities Limited does provide advice regarding the suitability or profitability of a Contract 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.

Steel City Securities Limited 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. The decisions for each and every transaction is your’s only and SCSL is not at all responsible what so ever for any at anytime.

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 Clearing House, if any, where the transactions are executed by Steel City Securities Limited or its agents, including Steel City Securities Limited 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 Stock Exchange of India Limited (NSE), National Securities Clearing Corporation of India Ltd. (NSCCL) the exchanges where Steel City Securities Limited 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 for resident Indian 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 and any other identification proof as may be required as per regulatory provisions.

E) Commissions and fees:

For Index & Stock Futures -- 0.10% of Trade Price
For Index & Stock Futures (Same day Sq. off) 0.10% of Trade Price on first Leg
0.02% of Trade Price on Second Leg
You agree to pay our brokerage commissions and other fees, as they exist from time to time and as they apply to your Account, transactions, and services you receive.

F) Exchange and segment you can trade on:

Steel City Securities Limited executes trades of Future & Options contracts (Index & Stock) in F & O segment of the National Stock Exchange of India Limited.

G) Orders:

Validity period of the orders: All orders will be valid for the day until the normal market closes. On closure of the market the orders (or the pending part of the order) will automatically lapse. Though orders are usually routed to the marketplace within seconds, certain orders, at the Steel City Securities Limited sole discretion, may be subject to manual review and entry, which may cause delays in the processing of your orders. You also understand that you will receive the price at which your order executes in the market place, which may be different from the price at which the Scrip or option is trading when your order is entered into our system. You also understand that market orders may get executed at a price significantly unfavorable to you, depending upon market fluctuations. Orders are pre-validated before placing on the Exchange. All orders placed with Steel City Securities Limited will be pre-validated against your cash and shares balances before placing them on the Exchange. The validation rules are subject to change from time to time by Steel City Securities Limited. If the funds or the shares are insufficient to process the orders, then the order will be rejected.

Price Conditions :

Limit Price/Order - An order that allows the price to be specified while entering the order into the system.

Market Price/Order - An order to buy or sell securities at the best price obtainable at the time of entering the order.

Stop Loss (SL) Price/Order - Order gets activated only when the market price of the relevant security reaches or crosses a threshold price. Until then the order does not enter the market.

A sell order in the Stop Loss book gets triggered when the last traded price in the normal market reaches or falls below the trigger price of the order. A buy order in the Stop Loss book gets triggered when the last traded price in the normal market reaches or exceeds the trigger price of the order.

E.g. If for stop loss buy order, the trigger is 93.00, the limit price is 95.00 and the market (last traded) price is 90.00, then this order is released into the system once the market price reaches or exceeds 93.00. This order is added to the regular lot book with time of triggering as the time stamp, as a limit order of 95.00.

Though orders are usually routed to the marketplace within seconds, certain orders, at Steel City Securities Limited sole discretion, may be subject to manual review and entry, which may cause delays in the processing of your orders. You also understand that you will receive the price at which your order executes in the marketplace, which may be different from the price at which the Scrip or option is trading when your order is entered into our system.

You also understand that market orders may get executed at a price significantly unfavorable to you, depending upon market fluctuations.

Order acceptance:

After Steel City Securities Limited validates the order; it is placed on the Exchange. The Exchange may accept or reject the order, based upon its internal rules and regulations.

Modify / Cancel orders:

Steel City Securities Limited has provided the facility to modify (price and quantity) or cancel un-executed orders. You can see the status or your orders through the order tracker (from getting started guide). However, between the submission of modify/cancel request and placing the same on the exchange all or some part of the pending order may get executed. And modification or cancellation can be applied only on the yet un-executed part of the order.

If full funds are not available in the Account and an order is processed, your payment via internet banking, personal cheque or demand draft payable to Steel City Securities Limited must be promptly submitted to assure that such payment will be received on or prior to settlement date. If payment is not received by settlement date, or as market conditions warrant, your Account may be liquidated, without prior notification. In the event your Account is liquidated, you will be liable for any resulting losses and all associated costs incurred by Steel City Securities Limited.

H] Margin System:

Margin is payable as prescribed by NSE and client is required to give any additional margin on open position as may be required by exchange. Client is also required to pay/ receive M-to-M losses on daily basis on open position.

We reserve our right to charge and recover Margin, though not required by exchange, based on our analysis of risk on your open position.

Margin in form of securities:

We may accept approved securities, as per list prepared by NSE for this purpose, towards initial margin to the extent of 50% initial margin. Securities deposited towards margin must be delivered to us from client depository account and no third party securities will be accepted by us. Shares will be valued after considering haircut of 25% or more and valuation will be done on daily basis.

Securities need to be transferred to our DP A/c No. 559193 (CMBP Id.) DP ID: IN302324 DP Name: SCSL

Shares received by us will be pledged with NSE and for any withdrawal takes minimum 3 Days. Clients are required to take proper precaution while selling the shares and intimate to us well in advance.

Given below is the method for computation of margins by the Exchange:
The total margin payable to the Exchange comprises of
Span margin (pl. refer note below on span margin)

Second line margin (Gross exposure margin), which is 3% of gross exposure value for index futures contracts & 5% of gross exposure value for stock futures contract, in line with SEBI guideline. (Pl. refer note below on computation of gross exposure).

SPAN Margin

It is the maximum loss that the client may have to incur on his portfolio over a time frame of 1 day (considering MTM is debited/credited on T+1 day basis). The total span margin calculated comprises of:

Worst-case loss: the worst-case loss for a portfolio would be calculated by valuing the portfolio under 16 scenarios of changes in the value of the index and changes in the volatility of the index.

Gross Exposure Calculation:

For Futures contract (Index & Stock) Long/Short

Gross Exposure = Open Qty * Closing rate of the future contract/series

For Calendar Spread (Index & Stock Futures)

Gross Exposure = Open qty. of Far Month Contract * 1/3 * Closing rate of the future contract / series Exposure limit for calendar spreads in the case of Single Stock & Index Futures contracts: Calendar Spread shall be regarded as an open position of one third (1/3rd) of the mark to market value of the far month contract. As the near month contract approaches expiry, the spread shall be treated as a naked position in the far month contract three days prior to the expiry of the near month contract

Calendar spread:

A calendar spread would be treated as a naked position in the far month contract as the near month contract approaches expiry. A calendar spread is treated as a naked position in the far month contract three trading days before the near month contract expires.

Exchange wise/ Broker wise and scrip wise limit:

As per SEBI and Exchange guidelines, there are various kinds of market wise, broker wise and scrip wise-open position restrictions. In case of any violations in these limits or existing open position is approaching prescribed limits, Exchange may ask brokers/ clients to reduce existing positions and also not to initiate fresh positions. We may also initiate such actions, irrespective of Exchange directive, based on our risk analysis.

I] Settlement Mechanism:

Settlement of Futures Contracts on index & individual securities

Daily Mark-to-Market Settlement:

The positions in the futures contracts for each client is marked-to-market to the daily settlement price (Closing price of the futures contracts on the trading day. The closing price is the last half hour weighted average price of the contract) of the futures contracts at the end of each trade day.

The profits / losses are computed as the difference between the trade price or the previous days settlement price, as the case may be, and the current day s settlement price.

Final Settlement:

On the expiry of the futures contracts, final settlement price (Closing price of the relevant underlying index / security in the Capital Market segment of NSE, on the last trading day of the futures contracts. (The closing price of the underlying index / security is its last half an hour weighted average value / price in the Capital Market segment of NSE). and the resulting profit / loss is settled in cash.

The final settlement of the futures contracts is similar to the daily settlement process except for the method of computation of final settlement price. The final settlement profit / loss is computed as the difference between trade price or the previous day's settlement price, as the case may be, and the final settlement price of the relevant futures contract.

Open positions in futures contracts cease to exist after their expiration day.

J] Cheque receipt / payment:

You can deposit amount in your Account by using Internet banking or demand draft or by cheque. Credit will be available in your Account after the funds are cleared/realised into SCSL Account.

K] Negative balance in your Account:

There could be negative balance in your Account due to various reasons like brokerage charges, margin debit, M-to-M losses, inadvertently processing buy orders without available balance etc. In such cases, you should make immediate payment and if payment is not received in reasonable time, your position may be liquidated, without prior notification. In the event your Account is liquidated, you will be liable for any resulting losses and all associated costs incurred by Steel City Securities Limited and you shall pay them immediately .We reserve our right to take any other action, as may deemfit, including locking of your account.

L) Contract notes:

Digital Contract notes will be issued to your given E-mail address.

M] Compliance action:

We may initiate compliance action, with or without intimation to client, in case of any default in payments of any dues/ margin receivable by us from client.

Compliance action includes but not limited to -

Squaring off of outstanding positions.

Any loss arising out of squaring off or sale of contracts will be to client account and we will not be liable for any cost or damage or any consequences thereof.

Locking / suspending client account and no further transactions will be allowed till the time all dues are settled or till the time as may deem fit by us.

Levy of interest @ 24% p.a. for any delay in receipt of our dues, which includes M-to-M losses, margin amount, losses, fees, commission or any other charges.
We may take any one or all compliance actions that may deem fit without any notice.

To avoid compliance action, client should deposit additional funds. Client should always look at his exposure, Mark to Market losses, Margin Liability and other obligations, alerts etc. to enable himself to take necessary action in a prompt timely manner.

It is the duty of the client and liable for any failure.

N] Disclosure of Information regarding client:

Steel City Securities Limited or SCSL hereby undertakes to maintain the details of the client as mentioned in the client registration form or any other information pertaining to the client, in confidence and that he shall not disclose the same to any person / entity except as required under the law:

Provided however that Steel City Securities Limited or SCSL shall be allowed to share the details of the client as mentioned in the client registration form or any other information pertaining to the client with parties/entities other than required under law with the express permission of the client.

More Info..

The following should be read carefully and accepted prior to becoming a Constituent for online trading i.e. for trading, viewing, downloading, using, copying, availing the facilities and/or any information, or any part thereof, as the case may be, as may be made available from time to time on the Web-Site and/or entering into any securities dealings through Steel City Securities Limited whether by use of any of the facilities available on the Web-Site, or by any other means whatsoever. Please note that Steel City Securities Limited is engaged both in Constituent based trading as well as Proprietary account trading.

Steel City Securities Limited is a Limited Company duly been registered with Registrar of Company, NCT, Delhi and Haryana vide incorporation certificate no. 55-61802, shall be referred hereinafter as “Steel City Securities Limited”, member of NSE, BSE, DP - NSDL& CDSL, which includes its group companies, subsidiaries.

Whereas, http://www.steelcitynettrade.com (hereinafter referred to as the “Web Site”) is a product and service provided by Steel City Securities Limited. Steel City Securities Limited offers its services and the Web Site for use in accordance with the Terms and Conditions of Use (the “Terms”) contained herein. Please read the following, which contains important information concerning use of the Web Site. The use of the Web Site is conditional upon and subject to, acceptance of and compliance with, the Terms.

I.PRELIMINARY

1.1 Ownership of the Web-Site

(a) The website is owned, operated and maintained by Steel City Securities Limited.

1.2 Registration for use of the Facilities and Services provided by Steel City Securities Limited

Steel City Securities Limited being a broker registered with the Securities and Exchange Board of India (hereinafter referred to as the “SEBI”) having obtained Certificate of Registration No. INB 230806132 for capital market operations and INF 230806132 for derivative market operations as trading member of the National Stock Exchange, INB 011156438 as trading member of The Stock Exchange, Mumbai thereby being entitled to provide facilities for purchase and sale transactions of securities products (hereinafter referred to as the “Trades or Transactions or Dealings”) online admitted to the Exchange(s) (hereinafter referred to as the “Admitted Securities”), for the Clients / Constituents.

Any person visiting the Web Site may access and use the Facilities by establishing an online persona with a unique 'Client ID' and 'Password', in the manner as indicated on the Website. “Facilities” shall mean and include any information, materials, documents, chat-room facilities, downloads (software or otherwise), data, stock market quotation ticker tape facilities, and all other information and utilities contained or accessible on or through the Web Site as may be provided on the Web Site from time to time, [other than any information directly required in relation to the Services].

Only persons who enter into an agreement (here in after referred to as the "Steel City Securities Limited Agreement”) with Steel City Securities Limited and who have been provided with a unique Client code and Trading Password for online trading (hereinafter, such persons being referred to as the “Constituent”) by Steel City Securities Limited in the manner as indicated on the Web-Site for online trading, shall be entitled to avail the Services provided by Steel City Securities Limited.

The Terms shall be deemed to form part of Member-Constituent Agreement and shall be deemed to be incorporated therein to the same extent as if these provisions had been setforth in full therein. The Constituent's entitlement to avail the Services or any part there of shall be subject to compliance with all the terms and conditions setforth herein.

The word I / WE, ME / US, MY / OUR refers to person(s) who open the account(s) and shall mean and include both singular and plural. Also, the words he and or she, where ever maintained includes both the genders as the case may be applicable.

II.CONDITIONS OF USE OF THE SERVICES:

Participation: The Constituent shall ensure that he/she/it is eligible to enter into this agreement. The Constituent having agreed to enter into this agreement shall be deemed to have satisfied himself/herself/Itself with regard to eligibility in this respect. During the currency of the agreement, it shall be the duty of the Constituent to inform Steel City Securities Limited immediately any of the change in constitution, Identity by change of name, residential status, address or any other information as provided by the Constituent at the time of entering into this agreement.

Acting as a Sub Broker: He Constituent agrees that he/she/it will not act as Sub-Broker without prior written permission of Steel City Securities Limited and without obtaining certificate of registration from Securities and Exchange Board of India (SEBI).

Authorized Person: The Trading and other instructions for facilitating and carrying out business issued telephonically or through any other means express or implied by an authorized representative(s) of the Constituent shall be binding on the Constituent. In the event of the authorized representative(s) being replaced, it shall be the responsibility of the Constituent to inform Steel City Securities Limited of the change in writing, failing which the Constituent shall be responsible for the trade obligations arising out of the actions of both the representatives, old as well as the new representative(s).If any transaction(s) under this agreement or under any other agreement or otherwise with Steel City Securities Limited, has/have been accepted by Constituent from time to time on the basis of the contract note(s)/bills/any other correspondence dispatched / communicated to the Constituent by Steel City Securities Limited and / or part or full settlement of the said transaction(s) by the Constituent, then such transaction(s) shall be deemed to be executed by the person authorized by the Constituent and the Constituent hereby agrees to ratify and accept all such or other actions of such persons and undertakes to meet all obligations arising from these transaction(s). The Constituent shall be bound by all the transactions undertaken by Steel City Securities Limited pursuant to the instructions of the authorized persons.

Understanding of Risks involved :The Constituent has read, understood, appreciated and signed the Risk Disclosure Document also available on website at www.steelcitynettrade.com. The Constituent declares and agrees as follows: The Constituent has read the Risk Disclosure Document appended hereto and understood the trading and risks involved in trading in these instruments and shall be wholly responsible for all investment decisions and trades undertaken by him/her/it /them.

The Constituent shall be bound by the constitutions, byelaws, rules, regulations and customs of the Exchange(s), Clearing Corporation(s) and Regulating Authorities.

The Constituent shall not, acting alone or in concert with others, directly or indirectly, hold and control excess number of permitted Derivative contracts as fixed from time to time by the Exchange(s).

Payment of margins by the Constituent does not necessarily imply complete satisfaction of all dues. In spite of consistently having paid margins, the Constituent may, on the closing of his trade, be obliged to pay (or entitled to receive) such further sums as the market price of the instrument or contract may indicate)

All monies, securities or any other property, which Steel City Securities Limited may hold on Constituent's account, shall be held subject to a general lien for the discharge of the Constituent's obligations to Steel City Securities Limited.

The Constituent hereby authorizes Steel City Securities Limited to sell or close out any part or the entire derivative contract held in the Constituent's account with Steel City Securities Limited, if Steel City Securities Limited at its sole discretion may deem it necessary for meeting the obligations of the Constituent.

The failure of the Constituent to understand the Risk involved or the failure of Steel City Securities Limited to explain the risk to the Constituent shall not render a contract as void or voidable and the Constituent shall continue to be responsible for all risks and consequences for entering into trades in Derivatives.

Eligible Securities or products in Derivative segment vary from month to month on rolling basis as per criteria decided by SEBI/NSE/BSE. The Exchange(s) may compulsorily close out all Derivative contract positions in a particular underlying when that underlying ceases to satisfy the eligibility criteria or the Exchange(s) is of the view that continuance of Derivative contract in such underlying is detrimental to the interest of market, keeping in view the market integrity and safety.

(e) Subject Matter of the Services: The Services offered by Steel City Securities Limited include the sale and purchase of dematerialised securities trading on the NSE/BSE (in e-trading account on the internet and delivery of shares in physical mode wherever the same is traded on off-line on specific direction received by the 'Steel City Securities Limited' at any of their trading terminals) in the CM/F&O segments of the market [and shall include trading in derivative products and such other services/ products as may be permitted from time to time).

2.2 Order Entry:

The Constituent shall be entitled to place an order for the sale or purchase of any Admitted Security during the market hours and all orders will be valid for the day until the normal market closes. On closure of the market the orders (or the pending part of the order) will automatically lapse.

All orders entered by the Constituent, either electronically or otherwise as detailed above, are based upon their own investment decisions and their sole responsibility and will not hold, nor seek to hold Steel City Securities Limited or any of its officers, directors, employees, agents, subsidiaries or affiliates, liable for any trading losses or other losses incurred by Constituent, including in the event that any order is placed by the Constituent on the basis of the Facilities or any information (including any investment information, advice, research reports, or any other information) that may be made available on the Web-Site.

Steel City Securities Limited shall be deemed to not have received any order whether electronically transmitted or otherwise until it has confirmed the receipt of such order as mentioned in subclause 2.2 (a).

The Constituent agrees that placing an order with Steel City Securities Limited, either electronically or otherwise, does not guarantee execution of the order, regardless of the electronic confirmation by Steel City Securities Limited of the receipt of the order and/or its execution and Steel City Securities Limited shall not be liable for any losses, damage or claims on account of the non-execution of any order placed.

The Constituent hereby accepts all responsibility for knowing the status of all corporate benefits like rights and bonus issues, dividends and stock splits of shares he/she/it intends to trade in or held in his/her/its account. The Constituent further accepts all responsibility for knowing the correct ISIN numbers of the shares in his/her/its account and the eligibility of the shares to meet share pay in obligations to the NSE/BSE whether received by way of purchases, rights, bonuses, stock splits, off market transfers or otherwise.

Prior to placing an order in connection with the sale/purchase or transfer of any securities in which Constituent requires any form of regulatory or other permission, the Constituent must advise Steel City Securities Limited of the status of the securities and furnish necessary documents including opinions of legal counsel prior to the execution of the order. The Constituent acknowledges and accepts that delays may occur in relation to the processing of such orders, despite the necessary documents being furnished in a timely manner. Steel City Securities Limited may at its sole discretion refuse to execute any such order till it is satisfied about the legality of the transaction. The Constituent is responsible for all costs associated with compliance or failure to comply with all the regulatory requirements and hereby agrees to fully indemnify Steel City Securities Limited from any costs, losses, claims or any other liability arising on account of such orders, orders whatsoever.

2.3 Order Execution:

The Constituent agrees and appoints Steel City Securities Limited as its agent to take all necessary measures to complete the transactions and hereby authorises Steel City Securities Limited to make any and all advances and expend monies as may be required.

The Constituent acknowledges that whilst orders are normally routed through the market systems almost simultaneously with the placing of the order, the Constituent is aware that Steel City Securities Limited has provided on the Web-Site a facility for reconfirmation of orders which are larger than those specified by Steel City Securities Limited risk management policy and is also aware that Steel City Securities Limited has the discretion to reject the execution of such orders based on such risk management policy. Steel City Securities Limited shall not be liable for any delay or cancellation of any order due to the exercise of Steel City Securities Limited discretion under such policy.The Constituent acknowledges and accepts that Steel City Securities Limited has the sole discretion to reject or cancel any order that may be placed by the Constituent for any reason whatsoever, including for any breach of the Margin requirements as stipulated hereunder in Paragraph II.vi without informing the constituent and Steel City Securities Limited shall not be liable for any losses, damage or claims on account of such rejection or cancellation as the case may be.

The Constituent acknowledges and accepts that the Exchange(s) may reject or cancel any trade suo moto without ascribing any reasons therefor and Steel City Securities Limited shall not be liable for any losses, damage or claims on account of such rejection or cancellation as the case may be.

The Constituent further acknowledges and accepts that it will receive the price at which the order was actually executed in the marketplace, which may be different from the price at which the security was traded when the order was entered into Steel City Securities Limited system.

The cancellations or modifications to orders placed is not guaranteed. Cancellation of orders is possible only if the original order remains pending at the NSE/BSE. The cancellation or modification of an order shall be deemed not to have been executed unless a confirmation to such effect is received from Steel City Securities Limited. The Constituent agrees that Steel City Securities Limited shall not be liable for any losses, damage or claims on account of the non-execution or delayed execution of an order of cancellation or modification. Unless otherwise specified by Steel City Securities Limited, any order not executed at the end of the relevant NSE/BSE trading day shall stand cancelled. To remove any doubt, it is hereby clarified that an order placed prior to or during the trading day at the NSE/BSE, shall not remain valid for execution at any subsequent trading day at the NSE/BSE.

The Constituent also accepts responsibility for knowing the trading and settlement cycles of the NSE/BSE and the settlements pay in/pay out dates for funds and securities and in the event any trades or transactions are reported late to Steel City Securities Limited on account of any problems at the Exchange(s) or for whatever reason, the Constituent in turn will be subject to late reporting of transactions.

Any errors reported to the Constituent for any reason whatsoever will stand subsequently corrected to reflect the transaction that was effected in the market and the Constituent agrees that Steel City Securities Limited shall not be liable for any damage, loss or claim on account of such error or correction thereof.

The constituent undertakes not to execute transactions for small/big quantities by placing both buy and sell orders resulting in rise or fall of prices of illiquid securities. The above activity if found to raise or depress the 'prices' and/or 'activity of such securities' artificially, will be violation of Rules, Bye- Laws and circulars issued by the Exchange(s) from time to time.

2.4 Purchase of the Admitted Securities / Products:

Prior to placing any order for the purchase of any Admitted Security/Product the Constituent shall ensure that sufficient margin is available in its account with Steel City Securities Limited. The Constituent is responsible for all of their orders, including any orders, which exceed the available margin, credit balances available to its account and are executed by Steel City Securities Limited, inadvertently or otherwise.

Any order accepted and executed, inadvertently or otherwise, without sufficient margin balance will be subject to cancellation or liquidation at Steel City Securities Limited discretion, unless the Constituent makes good the shortfall in the amount.

The Constituent shall make payment for purchase of securities on very same day. Steel City Securities Limited shall also view on the day to day basis for payments and shall intimate to the Constituent either telephonically or otherwise as required for maintaining the account of outstanding as per NSE/BSE rules and the Constituent shall at once within hours shall make up the deficiency of balance and bring it to cash credit with the reasonable margin to withstand his future transactions. In the case where the payment is not made, the securities purchased by Steel City Securities Limited on behalf of the Constituent shall be liable to be sold without any further reference to the Constituent and any loss or damage as a result of such sale would be borne solely by the Constituent. Such prompt action on part of the Constituent is a requisite Compulsion as per nature of online market operations which the Constituent is fully aware of.

In case of purchase of securities by the Constituent, at times Steel City Securities Limited may be unable to deliver the securities to the said Constituent on the pay out day due to non receipt of the securities from the stock exchange(s) or in case on non receipt of the said securities from another Constituent of Steel City Securities Limited who has sold the securities against the said purchase transaction. In cases of such short delivery, the securities shall be delivered to the Constituent as per the policy of Steel City Securities Limited as amended from time to time.

2.5 Sale of the Admitted Securities

Prior to placing any order for the sale of any Admitted Security, the Constituent shall ensure that the concerned security is available in sufficient quantity in its/his/her account with Steel City Securities Limited. The Constituent is responsible for all of their orders, including any orders, which exceed the available quantity of the relevant security and are executed by Steel City Securities Limited, inadvertently or otherwise.

The Constituent agrees and hereby authorises Steel City Securities Limited to block or sell the relevant securities, as standing to its/his/her account, against its/his/her order to sell securities. If its/his/her order gets executed either fully or partially then the securities to the extent sold, would be unblocked on the trade date and the transaction would be effected. The Constituent agrees that it/he/she shall not withdraw/pledge or otherwise use or attempt to withdraw/pledge or otherwise use, the blocked securities. The Constituent hereby authorises Steel City Securities Limited to dishonour any orders issued against the blocked security.

The Constituent acknowledges and agrees that the proceeds of the sale will not be credited to the margin account of the Constituent until the securities have been delivered to the NSE/BSE/Clearing House and pay out is received from the NSE/BSE/Clearing House. The proceeds of all sales will be credited, to the cash credit balances account of the Constituent as maintained by Steel City Securities Limited, directly after settlement date.

The constituent is made aware of the fact that he can put trades in either of sub accounts viz. Investment or Trading and Trading account positions can be taken purely for intra day purposes. All trading account positions have to be compulsorily squared off before the end of the market or any other time as specified by Steel City Securities Limited. In case any outstanding position remains, Steel City Securities Limited will square off the same at the prevailing market price. In case the square off cannot be done, the Trading account will get shifted to Investment account of the Constituent. In case of short position, the Constituent has to arrange the Securities or else the same will be got auctioned. No where is Steel City Securities Limited liable for any losses arising out of the square off process, square off not happening, and auction process. It's on the discretion of Steel City Securities Limited to merge separate accounts as maintained by constituent in separate divisions and/or Accounts maintained with Steel City Securities Limited Group. The constituent agrees to abide by the said arrangement.

The constituent agrees voluntarily that in case the payments of the trading done by him/her/it are not made in time or there is outstanding balance in his/her/its name due towards Steel City Securities Limited then the constituent shall pay interest at the rate of 24% per annum compounded daily basis on the said outstanding amount to Steel City Securities Limited.

2.6 Margins:

The Constituent shall maintain such quantity of securities and such amount of cash credit balances (referred to as the “Margin”) as required by the applicable statutes, rules, regulations, procedures or as deemed necessary or advisable by Steel City Securities Limited, provided that the Margin shall not at any time be less than [20%] of the price of the Admitted Securities proposed to be purchased or sold. The Constituent agrees that no interest shall be payable on the Margin as maintained with Steel City Securities Limited. The Constituent shall be permitted to trade upto a pre-determined number of times of the Margin and the quantum of such multiple shall be determined at the sole discretion of Steel City Securities Limited.

The margin requirement and squaring up process for offline and online trading is different. The margin in online account will not be considered in the offline account and vice-versa unless specifically directed by Constituent. The accounting process for both accounts is different and is independent of each other.

In case there is any change in policy relating to Risk Management pertaining to margin requirement and squaring up process the same would be reflected in the website http://www.steelcitynettrade.com and/or at the registered office and Branches of Steel City Securities Limited and the onus is on the Constituent to keep check, understand, and agree with the Risk Management policy pertaining to margin requirement and squaring up process from time to time.

The Constituent shall also remain in touch with Steel City Securities Limited to keep a regular check on his account and margin requirements, for maintaining sufficient margin withSteel City Securities Limited to undertake any transaction in his a/c in off line and online trading. If Steel City Securities Limited considers it necessary for its own protection, it may require the Constituent to immediately on demand deposit cash or securities to their account prior to any applicable settlement date in order to assure due performance of their open contractual commitments. If Constituent does not provide such additional cash or securities, the Constituent hereby grants to Steel City Securities Limited the right to sell any or all securities extant in their account, buy any or all relevant securities which may be short in their account, cancel any or all open orders and/or close any or all outstanding contracts. The constituent agrees and made aware that in case intra day loss is such that margin position goes down, Steel City Securities Limited can sell any or all securities in the account without giving notice to the constituent as it/he/she is also required to keep track on its/his/her margin position Steel City Securities Limited may do the square off/selling at any time during the day in account.

In addition, Constituent acknowledges and agrees that Steel City Securities Limited may exercise any or all of the above rights, prior to or without any demand, for additional cash or securities, or notice of sale or purchase, or other notice or intimation. Any such sales or purchases may be made at any time at the sole discretion of Steel City Securities Limited on any market where such business is usually transacted, or at public auction or private sale, or Steel City Securities Limited may purchase/sell for its own account. The making/giving of any prior demand or call or notice of the time and place of such sale or purchase shall not be considered as a waiver of any rights of Steel City Securities Limited to sell or buy without any such demand, call or notice, at that time or at any time subsequently.

In addition to the above, if the Constituent does not credit its cash or securities account as maintained with Steel City Securities Limited, to make up any shortfall in the Margin, instantaneously, to enable restoration of the Margin in Constituent's account, the position of the Constituent may be squared off by Steel City Securities Limited, without any further reference to the Constituent and without prior notification, and any resultant or associated losses that may occur due to such squaring off shall be borne by the Constituent, and Steel City Securities Limited is hereby fully indemnified and held harmless by the Constituent in this behalf. In case where the payment by the Constituent towards the Margin is made through a cheque issued in favour of Steel City Securities Limited, any trade may be executed by Steel City Securities Limited only upon the realisation of the funds of the said cheque even otherwise also the Constituent is fully responsible.

The constituent confirms that he/she/it has understood the risks involved in trading securities on margin and fully agrees to abide by the procedures and policies of Steel City Securities Limited which are listed below: -

The constituent can lose more funds than the deposit in his / her / its account. The decline in value of securities that are purchased on margin may require the constituent to provide additional funds to Steel City Securities Limited to avoid the forced sale of those securities or other securities or assets in constituent's account(s).

Steel City Securities Limited can force the sale of the constituent's securities or other assets in the constituent account(s). If the equity in constituent account falls below the margin requirements, Steel City Securities Limited can sell the securities held with it to cover margin deficiency. The Constituent will be responsible for the shortfall, if any, in the account even after such a sale.

Steel City Securities Limited can sell constituent's securities or other securities without contacting him/her/it. Some Constituents mistakenly believe that Steel City Securities Limited must contact them for margin call to be valid, and that Steel City Securities Limited cannot liquidate the securities or other assets in their accounts to meet the call unless Steel City Securities Limited has contacted them first. This is not the case. Steel City Securities Limited will attempt to notify the constituents of margin calls, but it is not required to do so. It may not be feasible, it is not possible when the market falls or raises within minutes or hours triggering for necessary immediate urgent action which the Constituent shall be fully aware of as being the very nature of online market condition. However even if Steel City Securities Limited has contacted the constituent and provided a specific date by which the constituent can meet a margin call, Steel City Securities Limited can still take necessary steps to protect its financial aspects, including immediately selling the securities without notice to the constituent.
The constituent is not entitled to choose which securities or other assets in his/her/it's account(s) are liquidated or sold to meet a margin call. Because the securities are collateral for margin loan, Steel City Securities Limited has the right to decide which securities to sell in order to protect its interests.

Steel City Securities Limited can increase its margin requirements at any time and is not required to provide the constituent with advance written notice. These changes in Steel City Securities Limited policy often take effect immediately and may result in issuance of margin call. Constituent's failure to satisfy the call may cause Steel City Securities Limited to liquidate or sell securities in Constituent's account (s).
The constituent is not entitled to an extension of time on a margin call. While an extension of time to meet margin requirements may be available to constituents under certain conditions, a constituent does not have a right to the extension

Margins in Derivatives Trading: In the Derivatives segment, the Constituent is liable to pay an initial margin up-front on or before creating a position such margin shall be decided upon by Steel City Securities Limited or the Exchange from time to time. Furthermore, the Constituent is liable to pay (or receive) Daily margins depending on whether the price of the Derivatives contract moves for or against the position undertaken. The Constituent may also be liable to pay with holding margins, special margins or such other margins as considered necessary by Steel City Securities Limited or the Exchange from time to time. Steel City Securities Limited is permitted in its sole and absolute discretion to collect additional margins (even though not imposed by the Derivatives segment, the Clearing House or SEBI) and the Constituent shall be obliged to pay such margins.

Mark to Market Margins in Derivatives: For Derivatives contracts, the Constituent agrees that Steel City Securities Limited shall raise bills on daily basis. The Constituent also agrees to pay an up-front margin at the beginning of each day that will be sufficient to cover the daily margins for the entire duration of the day. If at any time during the week, the cumulative Mark to Market (MTM) margin falls short Margin available in the Constituent's account, the Constituent agrees to heed Steel City Securities Limited additional Margin calls. As the up-front daily margin calls are purely for operational convenience, the Constituent will ensure that the Margins are adequate at all times and will immediately make good any short fall that Steel City Securities Limited may communicate..

Payment by Constituent through Cheque: In case where the payment by the Constituent towards the Margin is made through a cheque issued in favor of Steel City Securities Limited, the said cheque will be credited to the Constituent's account only after realisation of funds in Steel City Securities Limited bank account.

Margin in form of Securities: The Constituent may place margin with Steel City Securities Limited in form of securities as approved by Steel City Securities Limited. Such securities may, at the discretion of Steel City Securities Limited, be marked under lien in favor of Steel City Securities Limited from the Depository Account of the Constituent or such securities may be placed in a separate Depository account titled 'Steel City Securities Limited.' to be earmarked as margin from the Constituent. The Constituent agrees and authorizes Steel City Securities Limited to determine the market value of securities placed as margin after applying a haircut that Steel City Securities Limited deems appropriate from time to time. The Constituent's securities are valued at the latest market price available (' Marked to Market') on a continuous basis by Steel City Securities Limited. The Constituent undertakes to monitor the adequacy of the collateral and the market value of such securities on a continuous basis. If due to price fluctuations, there is erosion in the value of margins, the Constituent agrees to replenish any short fall in the value of Margins immediately, whether or not Steel City Securities Limited intimates such shortfall.

Type of Margin: Steel City Securities Limited may at its sole discretion prescribe the payment of margin in the form of cash instead of securities. The Constituent accepts to comply with Steel City Securities Limited requirement of payment of margin in the form of cash failing which Steel City Securities Limited may sell, dispose, transfer or deal in any other manner the securities already placed with it as margin or square off all or some of the positions of the Constituent as it deems fit in its discretion without further reference to the Constituent and any resultant or associated losses that may accrue due to such square off/ sale shall be borne by the Constituent, and Steel City Securities Limited is hereby fully indemnified and harmless by the Constituent in this behalf.

Margin Merging: The constituent agrees and empowers/authorize Steel City Securities Limited to act at its discretion of merging balances kept under various accounts held with Steel City Securities Limited such as Online Trading Account, NSDL (or CDSL) DP Account, CM Trading Account and F&O Trading Account etc., to nullify the debit in any other account of the Constituent held with M/s Steel City Securities Limited without taking any further instructions from the Constituent. Similarly the constituent agrees and empowers/authorize Steel City Securities Limited to merge the securities kept with Steel City Securities Limited in various accounts in order to nullify the debit in any account of the constituent.

The constituent hereby authorize Steel City Securities Limited to change or alter the list of Securities on which margin trading is allowed.

Steel City Securities Limited will pass to the constituent whatever corporate benefits are received from the companies directly like dividends and bonus shares. For other corporate benefits/actions like Rights issues/Open offers etc. where shareholders are required to apply to the company, it is the constituent's responsibility to track announcements of such corporate benefits and then apply to the company if constituent so desires. Steel City Securities Limited shall not be liable for any real/notional loss suffered by the constituent, if constituent fails to apply for such corporate benefits in time for the shares held by Steel City Securities Limited on behalf of the constituent. In some cases, Steel City Securities Limited at the constituent request may apply on behalf of the constituent for a Rights issue/Open Offer for the shares held by Steel City Securities Limited on behalf of constituent. Steel City Securities Limited shall not be liable for any loss/claim whatsoever in case such application is rejected by the Registrar/Company/manager to the issue for any reason.

2.7 Confirmations and Contract Notes:

The Constituent is required to ascertain the status of its/his/her order (including any rejection of the same) which would be posted on the relevant sections of the Web-Site or the Constituent may enquire the balance as maintained by Steel City Securities Limited or Steel City Securities Limited shall keep sending the details of contract notes through courier wherever the Constituent is availing the services of Steel City Securities Limited ‘off-line' from any trading terminals of Steel City Securities Limited.

Constituent understands that it is its/his/her responsibility to review, upon first receipt, whether delivered to Constituent by mail, by e-mail, or other electronic means, all confirmations, statements, notices and other communications, including but not limited to, margin, maintenance calls, and prospectuses. Notices and other communications may also be provided to Constituent verbally, in writing or by other means.
(c) Steel City Securities Limited shall deliver to the Constituent a contract note of the trades executed on their behalf on the trading date via e-mail/digitally signed document/post or courier or by any of the means of communication specified in clause 5.1 of this agreement or should post such information on the website. The contract note shall be final and binding proof of the order placed by the Constituent, regardless of any apparent or alleged errors.

All information contained in any confirmation, contract note or other communications shall be binding upon the Constituent in relation to all transactions, whether the orders are given by the Constituent through the Web-Site or by telephonic means or otherwise.

2.8 Charges:

The Constituent agrees to pay the brokerage charges, NSE/BSE related charges, statutory charges and any other charges (including but not limited to security handling charges on settlement) as they exist from time to time and as they apply to the Constituent's account, in respect of transactions and services that the Constituent receives from Steel City Securities Limited. The brokerage shall be paid in the manner intimated by Steel City Securities Limited to the Constituent from time to time, including as a percentage of the value of the trade or as a flat fee or otherwise, together with the service tax as may be applicable from time to time on the same. The Constituent further agrees to pay any applicable taxes that may be levied on the transaction.

Steel City Securities Limited shall debit the charges of the depository participant for the trades and the bank charges for the realisation of cheques etc. to the Constituent account.

Not withstanding anything contained in these Terms, any amounts which are overdue from the Constituent to Steel City Securities Limited will be charged delayed payment charges at the rate of [2%] per month or such other rate as may be determined by Steel City Securities Limited and notified on the web site and the Constituent hereby authorises Steel City Securities Limited to directly debit the same to the account of the Constituent.

2.9 Constituents Margin and Securities Accounts:

Steel City Securities Limited shall maintain such books of account in such manner so as to show and distinguish in connection with its business as a trading member broker the moneys and securities received from or on account of each of the Constituents, and the moneys and securities received on its own account.

The Constituent is required to ascertain all ledger balances of moneys and securities standing to its credit, which would be posted only on the relevant sections of the web site, and no separate intimation of the ledger balances of the Constituent in his account would be sent to the Constituent either physically or electronically. The information as contained in the ledger balances shall be binding upon the Constituent and the Constituent hereby agrees that Steel City Securities Limited shall not be liable for any loss, damage or claim on account of any error in the information contained in the ledger balances.

(c) The Constituent hereby authorizes and empowers Steel City Securities Limited to adjust all the debts/credits (funds/stocks) in any of the segment of NSE / BSE vis-à-vis F & O, Equity, Depository, groups companies/subsidiaries or with other debit/credit balance of the Constituent with Steel City Securities Limited or vice-versa.

(d) The Constituent confirm to maintain running account for funds and securities with Steel City Securities Limited for all segments i.e. Capital Market, F&O and other segments and the account so maintained shall not be settled on each settlement and the amount payable or receivable shall remain in account subject to fulfillment of margin stipulations as envisaged in the agreement. No interest shall be payable by Steel City Securities Limited on such securities / funds so retained.

(e) All transactions with the Exchange(s), will be subject to the rules, regulations and Bye-laws of that Exchange(s) apart from the existing terms and conditions as mentioned thereof.

2.10 Set off, lien, pledge:

Nothing in the Terms or Steel City Securities Limited-Constituent Agreement shall deprive Steel City Securities Limited of any recourse or right, whether by way of lien, set-off, counter-claim or otherwise against any money or security standing to the credit of the Constituent's account.

All the securities and monies credited to the account of the Constituent as maintained by Steel City Securities Limited shall be subject to a lien for the discharge of any obligation or indebtedness of the Constituent to Steel City Securities Limited group companies/subsidiaries. In enforcing the lien Steel City Securities Limited shall have the sole discretion of determining the securities or assets that are to be liquidated and/or appropriated.

Steel City Securities Limited shall have the right to pledge the securities standing to the credit of the Constituent's account for the purpose of raising any finance from any person or body as may be required to meet the Margin obligations of the Constituent. Further Constituent hereby authorizes Steel City Securities Limited to pledge any securities standing to its credit, to any person, whether received by execution of an order for purchase or blocked pending the fulfillment of an order for sale or kept as margin with Steel City Securities Limited by the Constituent for the purpose of securing to Steel City Securities Limited a credit facility in connection with meeting the margin requirements of any other Constituent, provided that Steel City Securities Limited shall be liable for any resultant failure of execution or default on delivery obligations directly caused by such pledge of the securities.

The Constituent shall indemnify and keep indemnified Steel City Securities Limited harmless from and against all claims, demands, actions, proceedings, losses, damages, liabilities, charges, and/or expenses that are occasioned or may be occasioned to Steel City Securities Limited directly or indirectly, owing to bad delivery of shares/securities and/or as a result of fake/forged/stolen shares/securities/transfer documents that are introduced or that may be introduced by or through the Constituent during the course of its dealings/operations on the Exchange(s).The Constituent confirms having read and understood the terms and conditions of Steel City Securities Limited - Constituent Agreement and those relating to various services and products and accepts and agrees to be bound by the terms and conditions including those excluding/limiting Steel City Securities Limited and Exchange's liabilities.

2.11 Further Documentation:

The Constituent agrees to complete any further documentation that may be required in relation to any of the securities dealings or by any of the regulatory authorities or under Steel City Securities Limited Policies as may be notified from time to time or under any law, regulation, guideline, rule, byelaw, order or other edict having the force of law.

2.12 Compliance with Laws:

All transactions that are carried out by and on behalf of the Constituent shall be subject to Government notifications, the rules, regulations and guidelines issued by SEBI, the Reserve Bank of India and the National Securities Depository Limited, the Central Depository Services (India) Limited, the Securities Contracts Regulation Act and the rules made there under, and the byelaws, constitution, rules, regulations, customs and usage of the NSE/BSE, if any.

2.13 Arbitration:

Any and all disputes arising out of or in connection with this agreement or its performance shall be settled by arbitration in accordance with the By Laws of the Exchange(s) as amended from time to time as the case may be;-

3. ADDITIONAL CONDITIONS IN RELATION TO ELECTRONIC ORDERS:

3.1 Protection of Constituent's Trading Password:

The Constituent shall immediately notify Steel City Securities Limited in writing, delivered via e-mail, Speed Post and Registered AD, if the Constituent becomes aware of any loss, theft or unauthorized use of the Constituent's Trading Password and account number; or any failure by the Constituent to receive an accurate written confirmation of an execution including the contract note for the same; or any receipt by the Constituent of confirmation of an order and/or execution which the Constituent did not place; or any inaccurate information in the Constituent's account balances, securities positions, or transaction history. In the case where the Constituent notifies such loss, theft or unauthorized use of the Constituent's Trading Password to Steel City Securities Limited, Steel City Securities Limited shall suspend the use of the account of the Constituent. However, the Constituent shall be responsible and liable for all transactions that are carried out by the use of the Constituent Trading Password. When any of the above circumstances occur, neither Steel City Securities Limited nor any of its officers, directors, employees, agents, affiliates or subsidiaries will have any responsibility or liability to the Constituent or to any other person whose claim may arise through the Constituent with respect to any of the circumstances described above.

3.2 Trading Password:

The Constituent shall select of use a Trading Password of 6-8 characters in length, which can be a combination of letters and numbers. The Trading Password shall not be a combination relating to name or age or other personal information, which would render it easily deducible. The Constituent is advised to change its Trading Password at least once in a fortnight for security purposes. It is also advisable to the constituent that the Trading Password should not to be recorded in written or electronic form and should be kept secret without access to anyone and it shall be his/her/it’s own made and totally confidential.

3.3 Constituent's Infrastructure:

For the purposes of these Terms, it is presumed that the Constituent has all the necessary and compatible infrastructure ready at its end for the purpose of accessing the web site of Steel City Securities Limited prior to accessing the services provided pursuant to these Terms. Steel City Securities Limited will not (and shall not be under any obligation to) assist the Constituent in installing the required infrastructure or obtaining the necessary equipment permits and clearances to establish connectivity or linkages to the web site of Steel City Securities Limited. All communications service charges, levies and fees incurred by the Constituent in accessing the web site or related services will be borne by the Constituent.


4. Steel City Securities Limited-CONSTITUENT COMMUNICATIONS:

4.1 Form of Communication:

Documents, which may be sent, exchanged between the parties in any one or more of the following manners.

An electronic mail ('e-mail') including any automated replies from the system of Steel City Securities Limited.

(b) An electronic mail attachment, or
(c) In the form of an available download from the web site.
(d) By telephonic information duly recorded.

By courier / speed post containing details of transaction confirmations, account statements requisition of any delivery related documents on the last known address of the Constituent by telegrams/by under certificate of posting/by affixing it on the door at the last known business or residential address.

(f) By post

(g) By registered post

By advertising it, at least one prominent daily newspaper having circulation in the area where the last known business or residential address of the Constituent is there.

Any one communication as above sent by Steel City Securities Limited to the Constituent shall be deemed to have been property delivered or served and suffice, even if such communication is returned to Steel City Securities Limited as unclaimed/refused/undelivered, if the same is sent to the ordinary business address and/or ordinary place of residence and/or last known address and or e-mail address of the Constituent, in any one of the one or more of the ways as mentioned above from (a) to (h).

4.2 Digitally Signed Documents:

With the regulatory authorities allowing the usage of digitally signed contract notes and Bills, the constituent specifically authorizes Steel City Securities Limited to make available these digitally signed documents on its portal, website and also authorizes Steel City Securities Limited to send these documents by e-mail. The constituent further confirms that he/she/it does not need any physical contract notes as Steel City Securities Limited is already making these documents available in a digitally signed format via email to him-her/it/by e-mail and in future shall make it available on Steel City Securities Limited Portal/Website also.

5.TERMINATION:

Steel City Securities Limited-Constituent Agreement and access to the use of the Web-Site, the Services, the Facilities and the Content may upon notice of one month be terminated by mutual consent of the Constituent and Steel City Securities Limited.

The termination of Steel City Securities Limited-Constituent Agreement and access to the use of the Web-Site, the Services, the Facilities and the Content will not affect the rights and/or obligations of either Steel City Securities Limited or the Constituent incurred prior to the date of such termination and the parties shall enjoy the same rights and shall have the same obligations in respect of such transactions.

6. MISCELLANEOUS INFORMATION

6.1 Third Party Providers/Links:

The Web Site may contain links to other web sites on the World Wide Web. Steel City Securities Limited is not responsible for their resources or their content or the availability thereof.

7.3 Submissions:

The Visitor shall remain solely responsible for all submissions on and to the Web Site. Steel City Securities Limited is not responsible for the content or message of any submissions. Steel City Securities Limited does not guarantee, and makes no formal representation or warranty as to, the accuracy, veracity or completeness of any information provided by others in any portion or page of the Web-Site, nor does Steel City Securities Limited necessarily endorse, support, sanction, encourage, verify, agree with, or reject, diminish or disagree with, the comments, opinions or statements posted by others on the Web-Site.

While Steel City Securities Limited does not and cannot review every message posted or item submitted to/on the Web-Site, Steel City Securities Limited reserves the right, in its sole discretion, but assumes no duty, to delete, move, or edit submissions that it deems false, inappropriate, abusive, defamatory, obscene, in violation of copyright or trademark laws, or otherwise unacceptable, and the Visitor expressly acknowledges and accepts that its submissions may be edited, removed, modified, published, re-published, transmitted and displayed by Steel City Securities Limited in its sole discretion.

The Web Site and its Facilities including the discussion groups and chat rooms shall be used only in a non-commercial manner. No part of the Web Site, discussion groups and/or chat rooms shall be used to solicit Visitors to become users of commercial online information services or for any other commercial services. The Visitor shall not disrupt or interfere with any aspect or element of the Web Site nor shall the Visitor do anything, which, in the sole judgment of Steel City Securities Limited, will restrict or inhibit any other Visitor from using and enjoying the Web Site and/or any of its Facilities. The Visitor shall not, without the express written approval of Steel City Securities Limited, post or otherwise distribute any material containing any solicitation of funds, advertising or solicitation for goods or services. The Visitor shall not copy third party articles into the chat rooms or discussion groups available on the Web Site. No Visitor shall tout or hype a stock or company, or post the same note on multiple occasions in a single day (a practice known as 'spamming'). The Visitor shall not upload to, or otherwise submit or publish through, the Web-Site any content or material which is libelous, defamatory, obscene, pornographic, abusive, or hateful, or which invades anyone's privacy, encourages conduct that would constitute a criminal offense, or otherwise violates any third party rights or local, state, federal or international law or regulation.

Those Visitors with formal connections or affiliations to or with a company being discussed in any forum, including among other things any and all positions of employment, directorships, consultancies and/or substantial share holdings, must identify themselves as such, and disclose such connection or affiliation, within their first post in that topic, company focus, or subject matter.

The author or creator of any and all submissions in print or other forms or other uploads to the discussion groups and/or chat rooms, transfers and assigns to Steel City Securities Limited, by virtue of submission to the Web-Site and this agreement, the entire copyright, throughout the universe, in any and all media and forms of publication, reproduction, transmission, distribution, performance, or display, now in existence or hereafter developed, in such work or other original materials; without separate, retained or reversionary rights being held by such author, creator or other person submitting such work. Steel City Securities Limited may exercise the rights granted herein in such from as it may in its sole discretion determine; such that the submitted material may be published, reproduced, reprinted, distributed, performed, displayed, included in anthologies and compilations, and/or otherwise transmitted (including but not limited to electronic and optical versions and in any other media now in existence or hereafter developed) in whole or in part, whether or not combined with the work of others. In addition, Steel City Securities Limited may use the name and electronic address of the author, creator and/or other person submitting the work in publishing, promoting, advertising, and publicizing their publications and information products and services, and in any merchandising.

7.4 Warranties of Constituent:

The Constituent hereby represents and warrants that the terms and conditions of these Terms have been clearly understood and that the information furnished to Steel City Securities Limited is accurate and truthful.

The Constituent confirms that it/he/she is of legal age and he/she/it has obtained the necessary approvals from the relevant regulatory/ legal and compliance authorities to access the services provided pursuant to these Terms.

7.5 Limitation of liability:

Steel City Securities Limited does not guarantee, and shall not be deemed to have guaranteed, the timeliness, sequence, accuracy, completeness, reliability or content of market information, or messages disseminated to the Constituent. Steel City Securities Limited shall not be liable for any inaccuracy, error or delay in, or omission of, any such data, information or message, or the transmission or delivery of any such data, information or message; or any loss or damage arising from or occasioned by any such inaccuracy, error, delay or omission, nonperformance, or interruption in any such data, information or message, due either to any act or omission by Steel City Securities Limited or to any "force majeure" event (e.g., flood, extraordinary weather condition, earthquake or other act of God, fire, war, insurrection, riot, labour dispute, accident, action of government, communications, power failure, shut down of systems for any reason including on account of like computer viruses, equipment or software malfunction, any fraud committed by any person whether in the employment of Steel City Securities Limited or otherwise or any other cause beyond the reasonable control of Steel City Securities Limited. The above Force Majeure events do not exempt the Constituent to fulfill the obligations in his/her/its account with Steel City Securities Limited.

7.6 Interruption in service:

Steel City Securities Limited does not warrant that the service will be uninterrupted or error free. The service is provided on an "as is" and "as available" basis without warranties of any kind, either express or implied, including, without limitation, those of merchantability and fitness for a particular purpose. The Constituent agrees that Steel City Securities Limited shall not be held responsible for any breakdown of the system either due to the fault of the systems of Steel City Securities Limited or of the Exchange(s) or otherwise.for any breakdown of the system or failure either due to the fault of the systems of Steel City Securities Limited or of the Exchange(s) or otherwise.

7.7 Amendment/ Modification of the Terms:

Steel City Securities Limited may at any time amend these Terms, by modifying or rescinding any of the existing provisions or conditions or by adding any new provision or condition, by conspicuously posting notice of such amendment on the web site. Steel City Securities Limited shall not be required to communicate any modification or rescission to the Constituent either through physical or electronic form. The continued use of the services of Steel City Securities Limited after such notice will constitute acknowledgment and acceptance of such amendment. These Terms (as amended or modified from time to time) represent the entire agreement between the Constituent and the Steel City Securities Limited concerning the subject matter hereof. However, the Constituent has the right to terminate the agreement through communication in writing as per the termination clause subject to the meeting of the financial and other obligations under this agreement.

7.8 Severability:

If any provisions or of these Terms are held invalid or unenforceable by reason of any law, rule, administrative order or judicial decision by any court, or regulatory or self-regulatory agency or body, such invalidity or unenforceability shall attach only to such provision or terms held invalid. The validity of the remaining provisions and terms, their repeatations any where shall not be affected thereby and these Terms shall be carried out as if any such invalid or unenforceable provisions or terms were not contained herein.

7.9 No Assignment:

The rights of the Constituent under these Terms are not transferable to any one under any circumstances and shall be used only by the Constituent.

7.10 Death or Insolvency:

In the event of death or insolvency of the Constituent or of its otherwise becoming incapable of receiving and/or paying for or delivering or transferring securities which the Constituent has ordered to be bought or sold, Steel City Securities Limited may close out the transaction of the Constituent and the Constituent or its legal representative(s), heirs shall be liable for any losses, costs and be entitled to any surplus which may result there from.

7.11 Foreign Jurisdiction:

This service does not constitute an offer to sell or a solicitation of an offer to buy any shares, securities or other instruments to any person in any jurisdiction where it is unlawful to make such an offer or solicitation. This service is not intended to be any form of an investment advertisement, investment advice or investment information and has not been registered under any securities law of any foreign jurisdiction and is only for the information of any person in any jurisdiction where it may be lawful to offer such a service. Further, no information on the Web Site is to be construed as a representation with respect to shares, securities or other investments regarding the legality of an investment therein under the respective applicable investment or similar laws or regulations of any person or entity accessing the Web Site.

7.12 General:

Notwithstanding anything contained in these Terms or in Steel City Securities Limited-Constituent Agreement, Steel City Securities Limited retains its right to: In its sole discretion to alter, limit or discontinue the Website or any Materials in any respect. Steel City Securities Limited shall have no obligation to take the needs of any user into consideration in connection therewith. Deny in its sole discretion any user access to this Website or any portion thereof without any notice.

No waiver by Steel City Securities Limited of any provision of this Agreement shall be binding except as set forth in writing signed by its duly authorised representative.

7.13 Other General Terms and Conditions:

The Constituent agrees that any change in their account status or change of any address will be immediately informed to Steel City Securities Limited. Unless the Constituent informs Steel City Securities Limited of the change of the address for communication in writing, all notices, circulars, communication or mail sent to the existing address (physical or e-mail) shall be deemed to have been received by the Constituent irrespective of whether they are actually received or not.

The Constituent agrees that they shall not pay any amount in cash to any Representative of Steel City Securities Limited at the time of opening an account or carrying out any transaction in the normal course of the business. Steel City Securities Limited shall not be responsible for any loss on account of cash payment by the Constituent being contrary to instruction of Steel City Securities Limited.

The Constituent agrees to accept the format provided by Steel City Securities Limited in order to execute their fax instructions to Steel City Securities Limited.

The Constituent agrees that Steel City Securities Limited will send them communications/letters etc. through courier / messenger/mail or through any other mode at its discretion and Steel City Securities Limited shall not be liable for any loss or delay arising there from.

The Constituent agrees that the Passwords will be dispatched by courier (or any Other mode at Steel City Securities Limited discretion) at their risk and consequence.

The Constituent shall not hold Steel City Securities Limited liable in any manner what so ever in respect of such dispatch of these items.

An account may be opened on behalf of a minor by his/her natural guardian or by a guardian appointed by a court of Competent Jurisdiction. The guardian shall represent the minor in all transactions of any description in the above account until the said minor attains majority. Upon the minor attaining majority, the right of the guardian to operate the account shall cease. The guardian agrees to indemnify Steel City Securities Limited against the claim of above minor for any withdrawal/transactions made by him in the minor's account.

The Constituent agrees and undertakes to ensure that there would be sufficient funds/clear balance/pre-arranged credit facilities in their account for effecting/completing the transactions. The Constituent agrees that Steel City Securities Limited shall not be liable for any consequences arising out of non-compliance by Steel City Securities Limited of his/herr/its instructions due to inadequacy of funds and Steel City Securities Limited can at its sole discretion decide to carry out the instructions notwithstanding the inadequacy of funds. Steel City Securities Limited may do the aforesaid without prior approval from or notice to the Constituents and the Constituents shall be liable to repay with interest the resulting advance, overdraft or credit thereby occurred and all related charges arising thereby @ 24% compounded daily basis. The Constituent hereby authorizes Steel City Securities Limited to directly debit the same to the account of the Constituent at the end of each transaction. The Constituent also authorizes Steel City Securities Limited to debit charges for Depository Services to the trading account.

The Constituent agrees that Steel City Securities Limited shall not be liable for any damages, losses (direct or indirect) whatsoever, due to disruption or non availability of any of services/facility/s due to technical fault/error or any failure in telecommunication network or any error in any software or hardware systems.

The Constituent agrees that Steel City Securities Limited may disclose customer information, in strict confidence, to any of its agent/s and/or contractors with whom Steel City Securities Limited enters or has entered into any arrangement in connection with providing of services.

The Constituent agrees that Steel City Securities Limited/its directors/employees/associates shall not be responsible for any losses incurred in the trading transactions and have not promised/guaranted the return on the amount so invested.

7.15 GENERAL:

The clause headings in this agreement are only for convenience and do not effect the meaning of the relative clause. The Constituent shall not assign this agreement to anybody else. Steel City Securities Limited may subcontract and employ agents to carry out any of its obligations under this contract.

This agreement is severable in respect of trades/ orders executed by Steel City Securities Limited at NSE/BSE or any other Exchange. In the event any provision of the agreement is bound to be invalid or unenforceable in relation to any of the Exchanges at which the trades/ orders are executed, this agreement shall be severable and the same shall continue to be valid and enforceable in relation to Stock Exchange(s). The agreement is being executed in full sense after understanding the reduced terms and conditions herein above.

Hereby the Constituent has studied and aware and agreed to all the terms, conditions, details, information, instructions, guidelines, market nature & awareness… etc put-up-in the website of SCSLsteelcitynettrade.com and accept to be fully bound by them inadvertently, earnestly with a truthful spirit of transacting as per the plans, designs, requirement of the Constituent and also the Constituent acknowledges that he/she/it is preferring to use all these such provided facilities, services on the site of SCSL for his/her/its own convenience of time, space, speed, economy but not as a compulsion or favour to SCSL.

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