• As a part of sound risk management policy of RSL, the client will not be allowed to place orders in far month’s contract i.e. any order having expiry cycle of three months (far away contracts ) in the Derivatives Segment.
  
• In the event of crossing of Market Wide Position Limit (MWPL) (in terms of the number of open positions in underlying security) specified by SEBI / Exchange in a security and a security being under ban / restriction period, the client shall not be allowed to take new / further position in the said security during such ban / restriction period, and the client shall be allowed to trade only to decrease his/ her /its position through offsetting positions in the said security during which the ban / restriction on fresh position is in force for the said security. In the event of crossing Trading Member Position Limit (TMPL) and / or Client Level Position Limit (CLPL), whether the security is under ban/ restriction period or not, the clients shall not be allowed to take new / further position in the said security and the clients shall be allowed to trade only to decrease his/ her / its position through offsetting positions in the said security till the Trading Member Position Limit (TMPL) and/ or Client Level Position Limit (CLPL) comes within the permissible trading limit in the said security.
  
• RSL may from time to time impose and vary limits / margins requirement on the orders that the client can place through the stockbroker's trading system (including exposure/margin limits, turnover limits, limits as to the number, value and/or kind of securities in respect of which orders can be placed etc.). The client is aware and agrees that RSL may need to vary or reduce the limits or impose new limits urgently on the basis of RSL's risk perception and other factors considered relevant by RSL including but not limited to limits on account of Exchange/ SEBI directions / limits (such as broker level / market level limits in security specific /volume specific exposures etc.) and RSL may be unable to inform the client of such variation, reduction or imposition in advance. The client agrees that RSL shall not be responsible for such variation, reduction or imposition or the client's inability to route any order through RSL's trading system on account of any such variation, reduction or imposition of limits. The client further agrees that RSL may at anytime, at its sole discretion and without prior notice prohibit or restrict the client's ability to place orders or trade in securities through RSL or it may subject any order placed by the client to a review before its entry into the trading systems and may refuse to execute / allow execution of orders due to the reason of lack of margin/ securities or the order being outside the limits set by RSL / exchange / SEBI and any other such reasons which RSL may deem appropriate in the circumstances. The client agrees that the losses, if any on account of such refusal, or due to delay caused by such review, shall be borne exclusively by the client alone
• The margin requirement of client may be changed due to but not limited to, the following factors –, market volatility, risk management policy of RSL. RSL will communicate / advise the parameters for the calculation of the margin / security requirements as rate(s) / percentage(s) of the dealings and/or as SPAN requirement, through any one or more means or methods such as by messaging on the computer screen of the client's computer; by informing the client through employees / agents of RSL; by publishing / displaying it on the website of RSL / making it available as a download from the website of RSL; or any other suitable or applicable mode or manner., The client shall monitor his / her / its position (dealings / trades and valuation of security) on his / her / its own and provide the required / deficit margin / security forthwith as required from time to time whether or not any margin call or such other separate communication to that effect is sent by RSL to the client and /or whether or not such communication is received by the client.
• The client is not entitled to trade without adequate margin / security and that it shall be his / her / its responsibility to ascertain beforehand the margin /security requirements for his / her/its orders / trades /deals and to ensure that the required margin / security is made available to RSL in such form and manner as may be required by RSL. If the client's order is executed despite a shortfall in the available margin due to any technical glitch, the client, shall, whether or not RSL intimates such shortfall in the margin to the client, make up the shortfall suo moto immediately. The client further agrees that he /she / it shall be responsible for all orders (including any orders that may be executed without the required margin in the client's account) & / or any claim / loss /damage arising out of the non availability /shortage of margin /security required by RSL & / or exchange & / or SEBI. RSL is entitled to vary the form and manner (i.e., the replacement of the margin / security in one form with the margin / security in any other form, say, in the form of money instead of shares) & / or quantum & / or percentage of the margin & / or security required to be deposited /made available, from time to time.
• The margin / security deposited by the client with RSL are not eligible for any interest. RSL is entitled to include / appropriate any / all pay out of funds & / or securities towards margin / security without requiring specific authorizations for each payout. RSL is entitled to transfer funds&/ or securities from his account for one exchange & /or one segment of the exchange to his / her /its account for another exchange & /or another segment of the same exchange whenever applicable and found necessary by RSL. The client also agrees and authorises RSL to treat /adjust his / her /its margin / security lying in one exchange & / or one segment of the exchange / towards the margin / security / pay in requirements of another exchange & / or another segment of the exchange. RSL is entitled to withhold the securities received from the exchange as payout if there is a negative ledger balance in the client's account. RSL is entitled to disable / freeze the account & / or trading facility / any other service facility, if, in the opinion of RSL, the client has committed a crime / fraud or has acted in contradiction of this ocuments/Rights and Obligationsor / is likely to evade / violate any laws, rules, regulations, directions of a lawful authority whether Indian or foreign or if RSL so apprehends.

• RSL is entitled to charge brokerage within the limits imposed by exchanges from time to time. The brokerage to be charged by RSL shall be exclusive of all statutory levies such as services Tax, Stamp duty, SEBI turnover fees, Securities Transaction Tax and other taxes and transaction expenses as they exist from time to time and as they apply to the account and transactions of the Clients and for the services rendered to the Clients. Any revision in brokerage will be made only after giving 15 days notice by way of communication through email.
• In order to provide competitive advantage and scale of economy and operations to the clients, RSL will provide new / innovative and economical Brokerage Rate Structure as mentioned / made available on the Website / portal of RSL and as may be mutually agreed and modified from time to time. It shall however be ensured that the Brokerage shall not exceed maximum permissible under the applicable regulations.

• The client agrees that any amounts which are overdue from the client towards trading or on account of any other reason (including shortfall in margin requirement or margin provided in form of collateral in lieu of cash margin) to RSL will be charged with delayed payment charges / penalty at such rates as may be determined by RSL. Further where RSL has to pay any fine or bear any punishment from any authority in connection with / as a consequence of / in relation to any of the orders / trades / deals / actions of the client, the same shall be borne by the client. The client agrees to pay to RSL brokerage, , all taxes, duties levies imposed by regulatory authorities, transaction expenses, incidental expenses such as postage, courier etc. as they apply from time to time to the client's account / transactions / services that the client avails from RSL.
• The penalty / delayed payment charges imposed by RSL shall be debited to the account/ ledger of the clients. Any change / revision in the scale of penalty / delayed payment charges will be informed to the clients through email. If RSL has to pay fine/bear any penalty levied by any authority in connection with /as consequence of any orders/trades/deals/actions of client, the same shall be recovered from the client. In Derivatives segment, DPC will be levied from T+1 day on the ledger debits. DPC on non-cash margin will be levied from T day onwards. In Cash segment, DPC will be levied from T+2 day onwards.
• Margin should be placed by clients with RSL on an upfront basis for all orders or trades and must be maintained in the account throughout the duration of any position until final settlement or expiry as stipulated for such exposure. Effective November 1, 2024, in line with regulatory guidelines, penalties may be passed on to clients for short or non-collection of upfront margins if certain actions result in a shortfall. This includes situations where: Cheque Dishonour: A margin shortfall may occur if a cheque issued by the client is dishonoured. Hedge Position Changes: Increased margin requirements may arise from adjustments in hedge positions, such as the closing or expiry of hedge components. Potential Hedge Break Scenarios include: Square-Off or Closure of Hedge Leg: Margin requirements on the remaining position may increase if one leg of a hedge position is closed due to the loss of cross-margin benefits. Expiry of Hedge Components: Heightened margin needs may arise for remaining positions when contracts within a hedged position expire. Adequate caution is encouraged when carrying or unwinding hedge positions, as such actions may lead to unexpected changes in margin requirements and associated penalties.”

• RSL has margin based RMS system; client may take exposure up to the amount of margin available with us and/or collaterals pledged with us. Client may not be allowed to take position in case of nonavailability / shortage of margin as per RMS policy of RSL. The existing position of the client and/or shares pledged with us as collateral are also liable to be squared off / closed out without giving notice due to shortage of margin / non making of payment for their pay in obligation / outstanding debts. RSL will have the right to close out all open positions and/ or sell client's securities and/or shares pledged with us as collateral, without any notice to clients, as and when the client defaults in his settlement/sale delivery/margin/MTM obligations in any segment of the exchanges. The close out/selling will be only to extent of shortages in Margins, MTM or settlement obligations on all segments of exchange(s).
• It is advised to the client to monitor his positions at all times and replenish any shortfall so arising. RSL reserves the right to square off any position during the day in cash as well as F&O segments and/or liquidate collaterals due to sudden fall in market price of the shares in which position is taken or in diminution in the value of collaterals, without prior intimation to the client. The client shall be solely responsible for any kind of losses incurred due to such square off / liquidation. for the same only on the realization of the funds from the said bank instrument etc. at the absolute discretion of RSL. Where the margin / security is made available by way of securities, RSL is empowered to decline its acceptance as margin / security & / or to accept it at such reduced value as RSL may deem fit by applying haircuts or by valuing it by marking it to market or by any other method as RSL may deem fit in its absolute discretion. Usage of Collateral at discretion of broker Client collateral should not be used for any purpose other than meeting the respective client margin.RSL has the right but not the obligation to adjust the Collateral deposited by the Client against his / her / its settlement / margin obligation. The client shall ensure replenishment of Collateral on account of diminution of values of Collaterals on account of non-cash corporate action initiated by the concerned company whose securities are deposited by the client with RSL as Collateral. In the event of diminution of values of Collaterals, RSL has the right but not the obligation to square off / close outs the open position of the Client. Any and all losses and financial charges on account of such liquidation/closing out shall be charged to and borne by the client. RSL has the right but not the obligation, to cancel all pending orders and to sell / close / liquidate all open positions / Securities / shares at the predefined square off time or when Mark to Market (M - T - M) percentage breaches/violates stipulated percentage OR Margin available breaches/violates stipulated minimum requirement as communicated from time to time, whichever is earlier RSL will have sole discretion to decide referred stipulated margin percentage depending upon the market condition. In the event of such square off, the client agrees to bear all the losses based on actual executed prices. In case open position (i.e. short / long) gets converted into delivery due to non 'square off because of any reason whatsoever, the client agrees to provide securities / funds to fulfill the pay-in obligation failing which the client will have to face auction or internal close out; in addition to this the client will have to pay penalties and charges levied by exchange in actual and losses, if any. Without prejudice to the foregoing, the client shall also be solely liable for all and any penalties and charges levied by the exchange(s).
• RSL is entitled to prescribe the date and time by which the margin / security is to be made available and RSL may refuse to accept any payments in any form after such deadline for margin /security expires. Notwithstanding anything to the contrary in the documents/Rights and Obligations or elsewhere, if the client fails to maintain or provide the required margin / fund/ security or to meet the funds / margins / securities pay in obligations for the orders / trades /deals of the client within the prescribed time and form, RSL shall have the right without any further notice or communication to the client to take any one or more of the following steps:
  • To withhold any payout of funds / securities.
  • To withhold / disable the trading / dealing facility to the client.
  • To liquidate one or more security(ies) of the client by selling the same in such manner and at such rate which RSL may deem fit in its absolute discretion. It is agreed and understood by the client that securities here includes securities which are pending delivery receipt.
  • To liquidate / square off partially or fully the position of sale & / or purchase in any one or more securities / contracts in such manner and at such rate which RSL may decide in its absolute discretion
  • To take any other steps (including liquidation of client collateral, in any form) which in the given circumstances, RSL may deem fit. The client agrees that the loss(s) if any, on account of any one or more steps as enumerated herein above being taken by RSL, shall be borne exclusively by the client alone and agrees not to question the reasonableness, requirements, timing, manner, form, pricing etc., which are chosen by RSL.

• Internal shortage means one client has failed to give the delivery of securities sold, which has resulted in short delivery to other clients of RSL. RSL shall not be obliged to deliver any securities or pay any money to the client unless and until the same has been received by RSL from the exchange, the clearing corporation /clearing house and the client has fulfilled his/ her /its obligations first. The policy and procedure for settlement of shortages in obligations arising out of internal netting of trades is as under: The short delivering client is debited by an amount equivalent T day's closing rate on T+3. The securities delivered short are purchased from market on T+3 day which is the Auction Day on Exchange, and the purchase consideration (inclusive of all statutory taxes & levies) is debited to the short delivering seller client along with reversal entry of provisionally amount debited earlier. (Please note that process for handling of internal shortages may be changed by the broker at its discretion with prior notice which shall be intimated through email).
• In case of short sell, if the client doesn’t have share in DP or unable to make available the shares for settlement, the client account is debited by 1.25 times the short sell value. In the case of internal shortage, the buyer shall have no rights/claims against RSL for delay in delivery of securities.
• On T+3 day, the short sell position is closed by debiting the client account by an amount which is highest of (1) Selling price (short sale), (2)Buying price from market , (3) T/T+1/T+2 closing price.

• In the event where overall position in any scrip /derivative contract has reached the limit prescribed by regulators/exchanges.
• RSL has the right to stop/block the client to trade in case there is a debit balance in his/her account.
• RSL may disallow the client to take a position in certain scrips if instructed by the Risk Management department.
• Reasonable doubt as to the transaction being cross trade, circular trade, fraud, price manipulation or market rigging.

• On the written request of the client, the client account can be suspended temporarily and can be reactivated on the written request of the client only. During suspension period, the market transaction will be prohibited. However client's pending settlement can take place. RSL can withhold the payouts of client and suspend his trading account due to surveillance action or judicial or / and regulatory order/action requiring client suspension.
• On the written request of the client, the client account can be closed provided the client adheres to formalities for account closure including settlement of all dues in the account and closing of all open position. If the client wishes to again open a broking account then the client shall have to complete the KYC and account opening formalities once again.

RSL may terminate the Stock broker client documents/Rights and Obligations in addition to termination clause in documents/Rights and Obligations in any of the following circumstances:

• If the action of the Client are prima facie illegal / improper or such as to manipulate the price of any securities or disturb the normal / proper functioning of the market, either alone or in conjunction with others. If there is any commencement of a legal process against the Client under any law in force;
• If the Client has found to be of unsound mind or of other disability by a competent authority and the findings is in force.
• If the Client has been convicted by a Court of any offence involving moral turpitude
• On the death of the Client.
• If a receiver, administrator or liquidator has been appointed or allowed to be appointed for the Client. f. If the client being declared a defaulter by any of the regulatory bodies of the country or under any law being in force or In the event RSL becoming aware of any proceedings being initiated against the client by any of the regulatory bodies of the country or under any law being in force or the client being involved in any criminal proceedings or any illegal business or the member becoming aware of the client's past offences which are illegal or prohibited by the regulatory bodies of the country or under any law being in force.
• On the specific written directions of any statutory/legal authority/Regulatory Authority.
• If the Client becomes un-discharged insolvent or applies to be adjudicated as an insolvent
• If the Client being a partnership firm, has any steps taken by the Client and /or its partners for dissolution of the partnership;
  
• If the Client have taken or suffered to be taken any action for its reorganization, liquidation or dissolution;
• If the Client has made any material misrepresentation of facts, including (without limitation) in relation to the Security; If there is reasonable apprehension that the Client is unable to pay its debts or the Client has admitted its inability to pay its debts, as they become payable;

• A Trading Account (irrespective whether having debit or credit balance) shall be classified as dormant account in case there are no transactions ( trading and/ or fund receipts) for a period in excess of 12 (Twelve) calendar months from the last transaction date. The Dormant Accounts shall be frozen for further transaction(s).
• On classification of any account as dormant accounts as stated above, RSL will inform the client through either direct phone or e-mail or letter to the contact details/address last available with RSL within seven days of such classification. A dormant account can be re-activated on receipt of a request for reactivation along with valid proof of identity. RSL will reactivate the dormant account after proper verification of the same. RSL shall levy a charge of Rs. 100/- for such reactivation. The balances lying in the dormant account shall be returned to the client at the time of the calendar quarterly/monthly settlement. In the event the client wishes to receive the funds from such Trading account before the calendar quarterly/monthly settlement, the Client shall make a request in writing which shall be submitted to Reliance Securities Ltd. The funds/securities from Trading/Demat account shall be returned within 7 days from receipt of the request.

• This is with reference to SEBI Circular no. SEBI/HO/MIRSD/POD-1/P/CIR/2024/4 dated January 12, 2024, BSE Notice no. 20240408-12 and NSE notice no. NSE/INSP/61529 dated April 08, 2024, MCX circular no. MCX/INSP/218/2024 and NCDEX circular no. NCDEX/COMPLIANCE-025/2024 dated April 09, 2024 on “Facility of voluntary freezing/ blocking of Trading Accounts by Clients”. In accordance with the aforesaid circulars, in case if client observes any suspicious trading activities in their trading account with Reliance Securities Ltd. (RSL), Client can request voluntary freezing/ blocking of online access of their trading account.
• The process for freezing/blocking of trading account as mentioned above is as given below:
• Client can call on Customer Service numbers of RSL: 022-41596000 / 022-62436000 from their registered mobile no. or can send the request through Email on: stop.trade@relianceada.com from their registered E-mail id
• On receipt of request from client, validation will be done to verify whether the request is received from the registered phone number/e-mail id of the client
• Upon successful validation, freezing / blocking of Trading account will be done within 15 minutes from the initiation of request, only if request received during the trading hours. If the request is received after trading hours, then freezing / blocking will be done before the start of next day trading session (for further details on this point please refer notes given under point 3(a) of NSE notice no. NSE/INSP/61529 dated April 08, 2024)
• Post freezing/blocking the client’s trading account, acknowledgement communication will be sent on the registered mobile number as well as email id of the client, stating that the online access to the trading account has been frozen/blocked and all the pending orders in the client’s trading account, if any, have been cancelled along with the process of re-enablement for getting the online access to the trading account
• Details of open positions (if any) will also be communicated to the client along with contract expiry information within one hour from the freezing/blocking of the trading account
• The online access of client trading account shall be re-enabled upon receipt of client request through registered mobile number on the given customer service number as well as through the registered email id of the client
• Freezing is only for the purpose of blocking online access to the client’s trading account, and there shall be no restrictions on the Risk Management activities of RSL

• 1. Objective
  
  This policy establishes guidelines for managing Good till Date (GTD) orders / Good till Cancellation (GTC) Orders specifically during corporate actions such as dividends, stock splits, bonus issues, and similar events. It ensures compliance with regulatory requirements and transparent communication with clients.
• 2. Scope
  
  This policy applies to all GTD/ GTC orders placed by clients in equity segments. It addresses: • The impact of corporate actions on GTD / GTC orders. • Processes for validation and modification of GTD / GTC orders. • Communication protocols to keep clients informed
• 3. GTD / GTC Orders Overview
  
  • Definition:
  
  Good Till Date (GTD) orders enable clients to set a validity period for buy/sell transactions. These orders remain active until executed, cancelled, or expired.Good Till Cancellation (GTC) orders enable clients to set for buy/sell transactions without any validity period. These orders remain active until executed or cancelled.
  
  Eligibility: GTD / GTC orders are available for equity cash delivery products, subject to defined validity periods.
• 4. Handling GTD / GTC Orders During Corporate Actions
  
  Corporate actions can alter the terms or feasibility of GTD / GTC orders. The following measures will apply:
  
  • Order Validation: Post-corporate action, unexecuted GTD orders are reviewed against revised price limits, circuit ranges, and other exchange-defined criteria. Orders outside permissible limits shall be rejected.
  
  • Client Modification and Cancellation: Clients can modify or cancel GTD orders impacted by corporate actions, provided the orders remain active. Rejected orders can’t be modified
• 5. Communication Framework
  
  To keep clients informed about corporate actions affecting GTD / GTC orders:
  
  • Advance Notifications: Clients shall be notified via email at least one trading day prior to the ex-date of a corporate action. Notification shall include details of the corporate action and its potential impact on active GTD / GTC orders.
  
  • Proactive Client Review: Clients are advised to monitor their GTD / GTC orders and take necessary actions, such as modifying or cancelling them, to ensure alignment with corporate action changes. It would be client’s Onus to take appropriate action on their GTC/ GTD order to modify or cancel orders. Reliance security will not be liable for if any loss occurs.
• 6. Policy Accessibility and Updates
  
  This policy is shared with clients during account opening and is published on the company website for easy access. Updates to this policy will be communicated to clients promptly through appropriate channels
• 7. Review and Maintenance
  
  This policy is reviewed annually to ensure alignment with regulatory requirements and operational best practices. Updates will be made as needed to reflect changes in market conditions or client needs.