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 Internet Tradings : CM

Terms and conditions : CM 

A] Introduction 

This document contains important information regarding the terms and conditions, which apply to your internet Trading Account with ACEMONEY INTERMEDIARIES PVT.LTD PLEASE READ THIS DOCUMENT CAREFULLY and retain it for future reference. Please note that the information contained herein is subject to change without notice.

Opening your Internet Trading Account 

To start Internet Trading with ACEMONEY INTERMEDIARIES PVT.LTD an you need to open a trading Account and a Depository (or Demat shares) Account with ACEMONEY INTERMEDIARIES PVT.LTD. 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 ACEMONEY INTERMEDIARIES PVT.LTD 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 Internet Broking through ACEMONEY INTERMEDIARIES PVT.LTD demat account refers to the account opened by client with Central Depository services (I) Ltd. (CDSL) through ACEMONEY INTERMEDIARIES PVT.LTD as Depository Participants (DP)

If you already have a demat Account with ACEMONEY INTERMEDIARIES PVT.LTD then the same Account can be linked to your Internet Trading Account. Just give us your Account details at the time of becoming an Internet 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 ACEMONEY INTERMEDIARIES PVT.LTD may require) is accurate and truthful. You also expressly authorize ACEMONEY INTERMEDIARIES PVT.LTD to obtain reports concerning your credit standing and business conduct. 

If your application is approved, ACEMONEY INTERMEDIARIES PVT.LTD will open an Internet 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. 

You must also authorized through Power Of Attorney (POA) for Pay-IN of securities for the purpose of settlement only & for the purpose of placing shares in Margin A/c of the exchange on stamp paper of Rs 100/- along with other document, so as to send you User-id and password


B] Investment Advice 

You acknowledge that while ACEMONEY INTERMEDIARIES PVT.LTD 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. 

ACEMONEY INTERMEDIARIES PVT.LTD 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. 

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 it’s clearing house, if any, where the transactions are executed by ACEMONEY INTERMEDIARIES PVT.LTD or its agents, including ACEMONEY INTERMEDIARIES PVT.LTD 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), Central Depository Services (I) Ltd. (CDSL), the exchanges where ACEMONEY INTERMEDIARIES PVT.LTD will facilitate trading, and any applicable self-regulatory organization. 

 D] Type of Account

ACEMONEY INTERMEDIARIES PVT.LTD provides facility for delivery trading and intraday 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. However in case of minor Trading & Demat account will be opened in the name of Guardian.

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 number, during your Account opening process.

 F] Depositary Account

Joint Accounts: 

Your demat Account can be held jointly with other people (typically relatives). For your demat Account, an instruction given to us 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 above.  


 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.  

 G] Exchange and segment you can trade on

ACEMONEY INTERMEDIARIES PVT.LTD currently executes all trades and in all segments at the National Stock Exchange of India Limited, BSE LTD., MSEI LTD.

H] Eligible list of stocks

Only demat stocks can be traded on ACEMONEY INTERMEDIARIES PVT.LTD

Buy/ Sale: We may not allow certain shares for trading if price manipulation is suspected or stock being illiquid or for any other reason. 

I] 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 ACEMONEY INTERMEDIARIES PVT.LTD 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 may 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 on ACEMONEY INTERMEDIARIES PVT.LTD 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 ACEMONEY INTERMEDIARIES PVT.LTD if the funds or the shares are insufficient to process the orders, then the order will be rejected. 

Order acceptance

After ACEMONEY INTERMEDIARIES PVT.LTD 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

ACEMONEY INTERMEDIARIES PVT.LTD 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 However, between the submissions 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 ACEMONEY INTERMEDIARIES PVT.LTD 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 ACEMONEY INTERMEDIARIES PVT.LTD

J] 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 clearing house of the exchange. 

Sometimes, the clearing house 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 broker level. If any selling client fails to deliver the required securities and due to this 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 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. 

K] Sale Transaction

ACEMONEY INTERMEDIARIES PVT.LTD 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 ACEMONEY INTERMEDIARIES PVT.LTD 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 CDSL records in your DEMAT account plus securities purchased by you in the settlement in which you intend to sell minus shares sold by you pending settlement with the Exchange. 

However, short sale can be done in scrip’s for intra – day trading. 

For all sales done in your Account, if there is a net sales position as on that day in any scrip,, ACEMONEY INTERMEDIARIES PVT.LTD 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 clearinghouse of the exchange and a credit is received thereof from exchange. To that extent, your withdrawal 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 ACEMONEY INTERMEDIARIES PVT.LTD

 L] Cheque receipt/ payment: 

You can deposit amount in your Account by using Internet banking, or by personal cheque. Credit will be available in your Account after the funds are cleared or get credited in our bank A/c. 

M] 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 ACEMONEY INTERMEDIARIES PVT.LTD must be promptly submitted.

If payment is not received in reasonable time, 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 ACEMONEY INTERMEDIARIES PVT.LTD

N] Other shares transactions

All other transactions in your Demat Account (Account transfers for trades other than what is done with ACEMONEY INTERMEDIARIES PVT.LTD pledge/unpledged, off-market transfers and all such other transitions which CDSL 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 CDSL rules will continue to apply for such transactions and instructions. 

O] Contract notes

Indian rules currently require issuance of contract notes for all buying and selling of shares. ACEMONEY INTERMEDIARIES PVT.LTD will issue physical contract notes and will also E-mail the same to Clients Email ID