INSPL does not encourage trading in penny stocks or securities falling in T2T or Z group of BSE and / or BE group NSE and reserves its right to refuse orders in such securities from the clients desiring to deal in such shares, stocks, securities.

Under exceptional circumstances and considering merits on case to case basis, trading in penny stocks/T2T/Z/BE category may be allowed to clients on delivery basis subject to stringent verifications of the client holdings, intentions and bonafide reasons given by the intending clients.

However if it is observed that client/s is/are indulging in trading activities only in penny stocks or securities falling in T2T or Z group of BSE and /or BE group of NSE or carrying on any insider trading activity, the client account maybe immediately suspended without any reasons being given to the client/s.

Further client’s traded volumes vis-à-vis market volumes will be considered and 10% of market volumes will be allowed or such market volume as decided by the INSPL from time to time, subject to due diligence of the RMS and Compliance department. Further trading limits will be allowed subject to the client making margin payments, history of the client, trading platform, intention of doing the trades. The said additional trading limits may not be allowed on a regular basis to the client/s.

INSPL shall classify those scrips which have average trading volume of less than 5000 shares in the last 7 preceding trading days as penny stocks.

1. Exposure limits are linked to the cash and the existing collaterals lying with IndiaNivesh Securities Private Limited.

2. The sum total of the following items will be considered as available margin for the next trading day:

a. Ledger balances (BSE Cash segment, NSE Cash segment, NSE F&O segment and NSE Currency segment).

b. Value of free securities lying in the Depository Account (having POA for pay-in and pay-out) of INSPL after hair cut of:

(i) flat 30% of the value of securities or
(ii) % of VaR Margin as may be prescribed by the Exchange

d. Margin requirement in F&O segment (SPAN, EXPOSURE and Special Margins) as may be levied by the Exchange from time to time. INSPL may in its sole discretion levy additional margin in special circumstances to mitigate any eventualities.

The client can get exposure against his / her available margin for trading equal to X no. of times in Cash Segment and as far as F & O is concerned, as per fulfillment of applicable margin requirement, subject to revision or modifications depending upon the volatility in the market.

(X no. of times – it will depend upon the risk profile of the respective clients.)

INSPL or any of its sub brokers does not encourage sale or purchase of securities with the sole object of generating brokerage or commission. Also, neither INSPL nor any of its branches, sub-brokers, authorized persons or remisers furnish false or misleading quotations or give any other false or misleading advice or information to the clients with a view of inducing him / her / it to do business in any particular securities simply to enable INSPL to earn brokerage or commission thereby.

1. INSPL is entitled to charge brokerage at rates not exceeding the official scale prescribed by the relevant authority from time to time upon the execution of all orders in respect of purchase or sale of securities

2. The Client shall sign against the brokerage slab specifically written in the Client Registration Form and in case of any deviation in the rate as agreed it shall be communicated by either party in writing 7 days in advance.

3. Unless otherwise determined and restricted by the relevant authority, INSPL may, in its discretion, charge such brokerage or commission for underwriting or placing or acting as a broker or entering into any preliminary arrangement in respect of any floatation or new Issues or Offer for Sale of any security as it may agree upon with the issuer or offerer or with the principal underwriters or brokers engaged by such issuer or offerer, subject to limits stipulated under the relevant statutory provisions as may be applicable from time to time.

Without prejudice to any other provision of the Agreement the Client has been made aware and the Client understands and agrees that the Member may charge additional financial charges according to the Rules, Bye-laws and Regulations of the Exchange(s) i.e. BSE and / or NSE and usual customs of the market.

a. On the dealings made under or pursuant to this agreement
b. On the Balance outstanding payable to the Member;

Notwithstanding anything contrary contained in these present, any amounts which are overdue from the Client towards trading or on account of any other reason, INSPL will charge delayed payment charges at the rate of 2% per month or such other rate as may be determined by INSPL. The Client hereby authorises INSPL to directly debit the same to the account of the Client at fortnightly interval (15 days). Also, INSPL may at its own discretion and after

getting the approval from the Management may provide the interest to the clients fulfilling certain conditions on clear credit balance in their account. INSPL shall in special circumstances allow setting off the debit balance lying in one account with that of credit balance lying in other account of its family member mentioned in the authorization of Group / Family dealings and signed by the Client.

Without prejudice to INSPL’s other rights including the right to refer a matter to arbitration, INSPL shall be entitled to liquidate / close all or any of the Client's position with oral intimation to the Client either directly or thru any of its Branches or Sub Brokers or Remisers who have introduced the client for non-payment of margins, other amounts due from the Client to INSPL, Exchange, or any other outstanding debts, etc. Any and all losses, financial charges and or incidentals expenses incurred by INSPL on account of such liquidation/closing out shall be recovered from the Client and / or charged to and borne by the Client and/or deductible by INSPL from the monies and/or collateral margin of the Client available with INSPL.

In case of an internal shortage in any scrip in the same settlement where both buyer & seller are clients of INSPL and seller does not deliver shares for his pay-in obligation:-

The short delivering client is provisionally debited by an amount equivalent to 125% of the rate at which the stock was sold by client. The securities delivered short are purchased from the market on T+3 day which is the Auction day on Exchange, and the purchase consideration is debited to the short delivering seller client along with the reversal entry of provisional amount debited earlier.

If securities can not be purchased from market due to any force majeure condition, then all shortages not bought-in are deemed to be closed out and short delivering seller client is debited for Exchange NSE and BSE as under:

Exchange NSE: at the higher of (i) the highest price between the first day of the trading day till the day of squaring-off, or (ii) closing price on the auction day plus 20%

Exchange BSE : at the higher of (i) highest price recorded in the scrip from the trading day on which the transaction took place upto a day prior to the day of the auction i.e., pay-in day, or , (ii) 20% above the closing price on the day prior to the day of auction i.e., pay-in day

INSPL shall at its discretion decide, from time to time, the volume of business which the Client may transact during any trading day on respective Exchange(s). Notwithstanding such an agreement / arrangement, INSPL shall have absolute discretion to reduce the volume of business of the Client or restrict dealings by the Client without any prior notice to the Client interalia, having regard to:

1. the volatility in the market;
2. in view of impending price sensitive announcements;
3. any restrictions in relation to volume of trading / outstanding business or margins stipulated by any Exchange;
4. political instability in the Country;
5. presence of any other price sensitive factors;
6. failure by the Client to maintain the applicable collateral / margin and / or
7. delays by the Client in meeting its obligations / dues relating to the business / dealings under this Agreement or pursuant to any other agreement between the Client and the Member.

Without prejudice to INSPL’s other rights and obligations, INSPL shall be entitled to suspend/freeze trading on behalf of any of its clients without any prior notice to the client in case it is required to do so upon receipt of any order / notice or communication in any other form by any regulatory authority including but not limited to SEBI, NSE, BSE, Income Tax and/or any Government or quasi judicial authority. In such a case INSPL will have a right to suspend/freeze the clients account and refuse to trade on account of the client and any and all losses due to such suspension / freezing of account shall be borne by the Client and INSPL shall not be responsible for the same.

INSPL shall at its discretion serve the notice for closure of the trading account and get the client deregister immediately, if it finds any suspicious or irregular trading activities in its account. In other cases INSPL shall serve one month prior notice for deregistration of the client code and closure of its account and get the account settled by getting its ledger balance NIL.

In case client specifically request to close its account (in format specified by INSPL), than INSPL shall act immediately and the accounts settled immediately by getting its ledger balance NIL and proceed to close the account.