Rights and Obligations

Of Stock Brokers and Clients — as prescribed by SEBI and the Stock Exchanges.

1. The client shall invest/trade only in those securities/contracts/other instruments admitted to dealings on the Exchanges as defined in the Rules, Byelaws and Regulations of the Exchanges/SEBI and circulars/notices issued thereunder from time to time.
2. StellarEdge and the client shall be bound by all the Rules, Byelaws and Regulations of the Exchange and circulars/notices issued thereunder, and the Rules and Regulations of SEBI and relevant notifications of Government authorities as may be in force from time to time.
3. The client shall satisfy itself of the capacity of StellarEdge to deal in securities and/or derivatives contracts before executing orders, and shall continue to satisfy itself of such capability from time to time.
4. StellarEdge shall continuously satisfy itself about the genuineness and financial soundness of the client and investment objectives relevant to the services to be provided.
5. StellarEdge shall take steps to make the client aware of the precise nature of StellarEdge's liability for business conducted, including any limitations, the liability and the capacity in which StellarEdge acts.

Client Information

6. The client shall furnish all such details in full as required by StellarEdge in the Account Opening Form, with supporting details, as mandated by stock exchanges/SEBI from time to time.
7. The client shall familiarize themselves with all mandatory provisions in the Account Opening documents. Any additional clauses or documents specified by StellarEdge shall be non-mandatory, as per the terms and conditions accepted by the client.
8. The client shall immediately notify StellarEdge in writing of any change in the information provided in the account opening form, including information on winding up/insolvency petitions or litigation with material bearing on capacity, and shall update financial information periodically.
9. StellarEdge shall maintain all client details confidentially and shall not disclose the same to any person/authority except as required under law/regulatory requirements, or with the client's express permission.

Margins

10. The client shall pay applicable initial margins, withholding margins, special margins or such other margins as considered necessary by StellarEdge, the Exchange, or SEBI from time to time, applicable to the segment(s) in which the client trades. StellarEdge may, in its sole discretion, collect additional margins, and the client shall be obliged to pay such margins within the stipulated time.
11. The client understands that payment of margins does not necessarily imply complete satisfaction of all dues. The client may, on settlement of trade, be obliged to pay (or entitled to receive) further sums as the contract may require.

Transactions and Settlements

12. The client shall give buy/sell orders in writing or in such form as mutually agreed with StellarEdge. StellarEdge shall place orders and execute trades only in the Unique Client Code assigned to that client.
13. StellarEdge shall inform the client and keep them apprised of trading/settlement cycles, delivery/payment schedules, and changes thereof, and the client shall comply with such schedules/procedures.
14. StellarEdge shall ensure that money/securities deposited by the client are kept in a separate account, distinct from its own account or any other client's account, and shall not use the same for any purpose other than those permitted by SEBI/Exchange Rules, Regulations, circulars and notices.
15. Where the Exchange(s) cancel trade(s) suo moto, all such trades, including those on behalf of the client, shall stand cancelled, and StellarEdge shall be entitled to cancel the respective contract(s) with the client(s).
16. Transactions executed on the Exchange are subject to the Rules, Byelaws and Regulations of the Exchanges, and all parties shall submit to the jurisdiction specified therein.

Brokerage

17. The client shall pay StellarEdge brokerage and statutory levies as prevailing from time to time, as applicable to the client's account, transactions, and services rendered. StellarEdge shall not charge brokerage exceeding the maximum permissible under the rules, regulations and bye-laws of the relevant stock exchanges and/or SEBI.

Liquidation and Close Out of Position

18. Without prejudice to StellarEdge's other rights (including the right to refer a matter to arbitration), the client understands that StellarEdge shall be entitled to liquidate/close out all or any of the client's positions for non-payment of margins or other amounts, outstanding debts, etc., and adjust the proceeds against the client's liabilities/obligations. Any losses and financial charges on account of such liquidation/close-out shall be borne by the client.
19. In the event of death or insolvency of the client, or the client otherwise becoming incapable of receiving/paying for or delivering/transferring securities, StellarEdge may close out the transaction and claim losses against the client's estate. The client's nominees, successors, heirs and assigns shall be entitled to any resulting surplus.
20. StellarEdge shall bring to the notice of the relevant Exchange information about any default in payment/delivery by a client, including, where applicable, the names of directors/promoters/partners/proprietors of a defaulting corporate entity.

Dispute Resolution

21. StellarEdge shall provide the client with the relevant contact details of the concerned Exchanges and SEBI.
22. StellarEdge shall co-operate in redressing grievances of the client in respect of all transactions routed through it, and in removing objections for bad delivery of shares, rectification of bad delivery, etc.
23. The client and StellarEdge shall refer any claims and/or disputes with respect to deposits, margin money, etc., to arbitration as per the Rules, Byelaws and Regulations of the Exchanges, as may be in force from time to time.
24. StellarEdge shall ensure faster settlement of any arbitration proceedings arising out of transactions between StellarEdge and the client, and shall be liable to implement arbitration awards made in such proceedings.

Termination of Relationship

25. The relationship between StellarEdge and the client shall terminate if StellarEdge for any reason ceases to be a member of the stock exchange, including cessation by reason of default, death, resignation, expulsion, or cancellation of certificate by the Board.
26. StellarEdge and the client shall be entitled to terminate the relationship without giving reasons, after giving not less than one month's written notice. Notwithstanding such termination, all rights, liabilities and obligations arising from transactions entered into prior to termination shall continue to subsist and bind the respective parties.

Additional Rights and Obligations

27. StellarEdge shall ensure due protection to the client regarding the client's rights to dividends, rights or bonus shares, etc., in respect of transactions routed through it, and shall not do anything likely to harm the client's interests.
28. StellarEdge and the client shall reconcile and settle their accounts from time to time as per applicable Rules, Regulations, Bye Laws, Circulars, Notices and Guidelines.
29. StellarEdge shall issue a contract note to clients for trades executed, in such format as prescribed by the Exchange, containing all relevant details, and shall send contract notes within one working day of execution, in hard copy and/or electronic form using digital signature.
30. StellarEdge shall make pay-out of funds or delivery of securities to the client within one working day of receipt of the payout from the relevant Exchange, unless otherwise specified by the client.
31. StellarEdge shall send a complete 'Statement of Accounts' for both funds and securities, in such periodicity and format as prescribed by the relevant Exchange.
32. StellarEdge shall send daily margin statements to clients, including details of collateral deposited, utilised, and status, with break-up in terms of cash, FDRs, Bank Guarantee and securities.

Electronic Contract Notes (ECN)

33. If a client opts to receive contract notes in electronic form, the client shall provide an appropriate e-mail ID to StellarEdge, and shall communicate any change of e-mail ID through a physical letter or, for internet trading clients, through secured access.
34. StellarEdge shall ensure that all ECNs sent through e-mail are digitally signed, encrypted, non-tamperable and compliant with the IT Act, 2000.
35. Non-receipt of a bounced mail notification by StellarEdge shall amount to delivery of the contract note at the client's e-mail ID.
36. StellarEdge shall continue to send contract notes in physical mode to clients who do not opt for electronic delivery, and wherever ECNs are not delivered or are rejected, StellarEdge shall send a physical contract note within the stipulated time.

Law and Jurisdiction

37. The provisions of this document shall always be subject to Government notifications, and any rules, regulations, guidelines and circulars/notices issued by SEBI and the relevant stock exchanges, as may be in force from time to time.
38. StellarEdge and the client shall abide by any award passed by Arbitrator(s) under the Arbitration and Conciliation Act, 1996, subject to the provision for appeal within the stock exchanges if either party is dissatisfied.
39. Any additional voluntary clauses/documents added by StellarEdge shall not contravene the rules/regulations/notices/circulars of the Exchanges/SEBI, and any changes shall be preceded by 15 days' notice.