KARVY BROKER CLIENT AGREEMENT

TERMS AND CONDITIONS GOVERNING INTERNET BASED

TRADING

Please read the following instructions before signing the client agreement
1. Client (first holder) should initial at the places marked with a #. ( Total of 10 initials
along side markings and at the bottom of each page)
2. Only the first holder signs on the client agreement. ( 1signature)
3. The client agreement should be witnessed
4. Please read the general instructions mentioned in the instruction booklet
DESCRIPTION OF PARTIES
This agreement is entered into on ----/-----/------- between Karvy Stock Broking Limited,
member broker # of the National Stock Exchange of India Limited, ordinarily carrying on
business in sale and purchase of securities and is bearing SEBI Registration Number INB
230770138 and carrying on such business in the name and style of Karvy Stock Broking
Limited from its registered office at 529, Road No.4, Banjara Hills Hyderabad 500 034,
Andhra Pradesh, India (hereinafter referred to as the “member broker”, which expression
shall unless repugnant to the context or meaning thereof, be deemed to mean and include
its legal successors and permitted assigns)
------First Holder’s Name------- an individual s/o -----Father’s / Husband’s
Name---------- residing at # Address-------------- intending to transact in securities using
the services of the member broker, through the online trading terminal of the said member
broker (hereinafter referred to as “the client” which expression shall, unless repugnant to
the context or meaning thereof, be deemed to mean and include its legal successors and
permitted assigns)
WHEREAS:
A. The member broker is a member of National Stock Exchange of India Limited
(hereinafter referred to as “the exchange”) and holds a certificate of registration
granted under Rule 4 of the Securities and exchange Board of India (Stock Brokers
and Stock Sub-Brokers) Rules and Regulations, 1992 ; AND
B. The member broker offers online trading services to the client, subject to the terms
of the present agreement and the SEBI guidelines in this regard.
C. The member broker and the client are required to enter into an agreement laying
down the scope of their authority/ responsibility, in relation to the transactions in
securities using the online trading facilities that the member broker makes available
to them
D. The client is desirous of investing/ trading in securities admitted for dealing on the
National Stock Exchange as defined by the bye-law of the said Exchange through
online trading services by the member broker.
E. The member broker is satisfied and shall continuously satisfy themselves of the
genuineness and financial soundness of the client and investment objectives relevant
to the services to be provided.
F. The client is satisfied with the capability of the member broker to deal in securities
on behalf of them and the client shall continue to satisfy themselves of the same
before executing orders through the online trading facilities of such member broker.
G. The member broker has taken steps and shall take steps to make the client aware
of the precise nature of the member broker’s liability for business to be conducted,
including any limitations on that liability and the capacity in which it acts.
NOW IT IS AGREED BY AND BETWEEN THE PARTIES HERETO AS FOLLOWS:
1. INTERPRETATION OF RECITALS
The recitals form an integral part of this agreement.
2. DEFINITIONS
2.1 For the purposes of this agreement
(a) “Client” means and includes any individual, who transacts in securities through the
auspices of the member broker herein named as such, and seeks to transact such
business in securities through the use of E Trading facilities of the said member
broker.
(b) “Depository” refers to the National Securities Depository Limited, Mumbai. (NSDL)
(c) “Online Trading” means carrying on the business of stock broking using electronic
systems as Order Routing mechanisms to forward orders to the electronic system
of the Stock Exchange.
(d) “Exchange” refers to the National Stock Exchange of India Limited. (NSE)
(e) “Member Broker” is Karvy Stock Broking Limited, a stock broker registered as a
Stock Broker in terms of the SEBI (Stock Brokers and Sub-Brokers) Rules and
Regulations, 1992 and are registered as Stock Brokers with SEBI in terms of the
said rules and regulations.
(f) “Trading Account” shall mean a rupee account opened by the client with the
member broker, which is linked to the online trading facility through the web-site.
(g) “Depository Participant” or “Designated Depository Participant” means Karvy
Depository Participant or any other depository participant as may be specially
designated as a Depository Participant by Karvy Stock Broking Limited,
respectively.
(h) “Bank” or “Designated Bank” means any bank as may be notified from time to
time on the website, with whom the member broker has made arrangement in
respect of the Online Trading Services to be provided to the clients in terms of the
presents.
(i) “Bank Account” or “Designated Bank Account” means an account opened,
maintained and operated by the clients with a bank in terms of and pursuant to
the requirements mentioned in the agreement.
(j) “Demat Account” or “Designated Demat Account” means an account
maintained in terms of the Regulation 42 of the SEBI (Depositories and
Participants) Regulations, 1996 by Karvy Depository Participant in its capacity
as a Depository Participant or any other Depository Participant as may be
specified by Karvy Stock Broking Limited.
(k) “Margin Trading” refers to trading in securities by paying an advance amount as
margin to the member broker in cash and ‘ or as securities, in the following
events:
(i) Purchase of securities of a value in excess of the money with the purchaser, in
the Trading Account, at the time when the order is placed on the website.
(ii) Sale of securities in excess of the securities available in the demat account of
 the seller on the date
when the order is placed on the website.
(l) “Pay-in Date” means the day on which the clearing house of the stock exchange
receives in the securities and monies due from the members pursuant to their
transactions in securities, over the period of the settlement cycle of the Exchange.
(m) “Pay-out Date” means the day on which the clearing house of the stock exchange
pays out securities and monies due to members pursuant to their transactions in
securities, over the period of the settlement cycle of the Exchange.
(n) “Terms and Conditions” means the information available on the website under
the head “Terms and Conditions” and includes but is not limited to any
information available on clicking on any hyperlink to the section named “terms
and Conditions” on the said website.
(o) “Website” means the website located at URL http://www.karvy.com
2.2 All words and terms not defined in this agreement or on the website mentioned
above shall take on the same meanings as may be attributed in terms of the SEBI /
Exchange Guidelines, Rules and regulations.
3. REPRESENTATIONS AND WARRANTIES
3.1 The clients hereby warrant that they are capable of executing the present
agreement and that the terms of the presents are not in contravention of any rights
of any party with whom such client has any agreements any time prior to the
execution of this Agreement.
3.2 The clients warrant that they have, maintain and operate a valid account with a
designated bank. The clients state that they have opened a valid and subsisting
Demat Account with a designated depository participant.
3.3 The clients agree to provide and continue to provide all details about themselves as
may be required by the member broker including but not restricted to PAN Number,
and state that all details and facts represented to the member broker are true.
3.4 The member broker states that they have complied with all statutory and regulatory
requirements to offer the Online Trading Services through the website
www.karvy.com.
3.5 The clients warrant that all or any securities deposited by them with the member
broker in respect of margin trading requirements or otherwise, are owned by them
and that the title thereof is clear and free of encumbrances.
4. REGISTRATION AND ACCOUNT OPENING
4.1 The member broker shall, after registration, permit the registered user, a trading
password which enables him/her /them to avail of the facilities of Online Trading
through the said website. All terms regarding the use and modification of such
password shall be governed by information on the website. The clients are aware
that authentication technologies and strict security measures are required for the
Internet trading through order routed system and undertake to ensure that the
password of the client and /or of their authorized representative are not revealed to
any third party. The clients also agree to indemnify the member broker from any
loss, injury, claim or any action instituted against the member arising from the
misuse of the password by any party.
4.2 The services on the website shall be available to the reregistered user subject to the
terms and conditions mentioned thereof.
 4.3 The clients shall furnish a duly filled application form to the member broker
indicating their intention to transact in securities using the Online Trading facilities
on the website, in the format supplied by the member broker.
4.4 The clients shall provide to the member broker, a power of attorney authorizing the
member broker to debit/credit/block/create lien/pledge clients depository accounts
through their authorized personnel, to the extent of the transaction conducted by
the said clients any due and payable to the member broker.
4.5 The clients shall authorize the member broker to debit/credit or block his bank
account in the manner as per the procedure laid down in the terms and conditions
and as per practices followed by the bank in this regard. The clients also authorize
the member broker to create lien on the amount lying in their bank account in the
manner specified in the terms and conditions.
4.6 The member broker, after satisfying themselves that the pre-requisites have been
met by the clients, may register the clients as a registered user of the website and
the Online Trading facilities may be made available to the clients.
4.7 The member broker may. Open one or more accounts in the name of the registered
user in the books of the member broker.
4.8 The clients agrees that all the orders placed by them for securities through the
website shall be within the parameters defined and mentioned in the terms and
conditions.
5. TRADING
5.1 TRADING ACCOUNTS
1. The clients agree to open a trading account with the member broker.
2. The clients agree that the member broker may require the clients at any time during
the subsistence of the presents, to open one or more trading accounts. The clients
agrees that the debit/credit for all the transactions may be effected in this/these
accounts, or between such accounts, in the manner deemed fit by the member broker.
3. The Clients agree that they shall place orders for the purchase of securities in respect of
delivery accounts where the securities to be purchased are of a value that shall not, in
aggregate exceed teh advance paid by the clients into such trading account or the
amount in the bank account and such monies shall be blocked in favor of the member
broker by the bank, or the securities in the demat account shall be blocked in favor of
the member broker, as the case may be.
4. The clients agree that they shall place orders for the purchase of securities in respect of
margin trading, they shall be bound by the rules in this regard that are made applicable
to them by mention in the terms and conditions on the web-site and as modified from
time to time.
5. The clients agree that they shall be required to make such margin payments as are
payable, as per the time schedule prescribed by the member broker by mention on the
terms and conditions, from time to time. Such margin payments, if any, shall be
payable in cash or securities as specified by the member broker in the terms and
conditions or any section of the web-site and modified from time to time. Provided that
the securities, if any, accepted as margins, shall be valued by the member broker as per
the terms and conditions on the web-site.
6. The Client authorizes member broker to pledge these securities with exchange to meet
margin/capital adequacy requirement of member broker. He further authorizes the
member broker to sell these securities to recover any dues payable by him to member
 broker.
7. The clients agree that all payments due to the member broker will be made within the
specified time and in the event of any delay, the member broker may refuse, at their
discretion, to carry out transactions on behalf of the clients. The clients agree that
alternatively, the member broker may, at their sole discretion, square off such
transactions and the costs/losses if any, thereof shall be borne solely and completely by
the clients.
8. The clients agree, that without prejudice to any other remedy or right prescribed in the
presents, the member broker may charge daily interest at the rate of 2% per month for
any delay in the payment charges, margin or any other sum due to the member as may
be applicable.
5.2 BANK ACCOUNT
1. The clients agree that the member broker may, at any time during the subsistence of
any arrangement relating to the subject matter of the presents, require the clients to
open one or more accounts with a designated bank. The clients agree that the
debit/credit for all the transactions may be effected in this/these accounts.
2. The clients agrees that member broker shall have the right, at any time during the
subsistence of this agreement, to give any instructions to the banks with whom they
have affiliations or any other arrangement, in respect of the account of the clients
maintained with such bank. The clients agree that they shall have no cause of action in
respect of any instruction that may be given to the bank in respect of their accounts
maintained with such bank in pursuance of the presents.
3. The clients agree that the member broker may, without assigning any reason thereof,
and without issuing any notice of the same to the clients, reveal information available
with the member broker in the course of the arrangement with the clients, to the bank
with whom such clients maintain bank accounts pursuant to the presents, and the
clients shall have no remedy therefrom.
4. The clients shall agree that in the event that the designated bank terminates the
agreement with the clients in respect of the bank account maintained by the clients with
such designated bank, for any reason or informs the member broker of any
misdemeanor or transgression by the clients in the operation of the account or in any
other circumstance resulting in the closure or in operation of the said bank account with
the designated bank, the member broker may, at their discretion terminate services to
the clients and the clients shall have no remedy therefrom.
5. Notwithstanding anything contained in any other agreement or arrangement, if any,
between the parties hereto, the clients hereby authorize the member broker to release
all payments due to them from the trading account maintained with the member broker,
against specific request in that behalf made in the manner and following the procedure
laid down in the terms and conditions. For the purposes of this clause, any request
made through or on the web-site shall be sufficient for the member broker to execute
an instruction.
5.3 DEMAT ACCOUNT
1. The clients agree to open, maintain and operate a valid demat account with the
designated depository participant.
2. The clients agree that the member broker may require the clients, at any time during
the subsistence of any arrangement relating to the subject matter of the presents, to
open one or more demat accounts. The clients agree that the debit/credit for all the
 transactions are to be effected in this/these accounts.
5.4 ORDERS
1. The clients agree that all the orders placed through the web-site shall be forwarded by
the system to the National Stock Exchange Limited, as may be applicable, in respect of
the arrangement between the parties.
2. The clients agree that if, any circumstance or for any reason, the market closes before
the acceptance of the Order by the Exchange, the Order may be rejected. The clients
agree further, that the member broker may reject Orders if the same are rejected by
the Stock Exchange for any reason. In case of rejection of an order due to rejection by
the Exchange, the clients agree that the order shall remain declined and shall not be
reprocessed in any event.
3. The member broker may, at their sole discretion, reject any order placed on the web-
site due to any reason, including but not limited to the non-availability of funds in the
trading account of the clients, non-availability of securities in the Demat account of the
clients with a designated depository participant, insufficiency of margin amount if the
clients opts for margin trading, suspension of scrip-specific trading activities by or on an
Exchange and the applicability of circuit breaker to a scrip in which orders are placed
through the web-site.
4. The clients are aware that the member broker has provided on the web-site, a facility
for reconfirmation of orders, which are larger that those specified by the member
broker's risk management, and is also aware that the member broker has the discretion
to reject the execution of such orders based on such risk perception.
5. The clients agree further that the member broker shall have the right to reject any
order placed by the clients for any reason and at any time without notice to the clients.
Provided that the order placed by the clients can only be rejected by the member broker
in the event of impossibility, or pursuant to any of the terms mentioned in this
Agreement, circulars, rules, regulations, notifications, Bye-laws or legislation of any
regulatory authority, or pursuant to any terms/arrangement between the clients and the
member broker or the clients and the depository participant, whether such arrangement
is executed prior to or during the subsistence of this Agreement.
6. The clients agree that, if the order is not accepted on the web-site for any reason, the
member broker shall have the right to treat the order as having lapsed.
7. The clients agree that the member broker shall not be liable or responsible for non-
execution of orders placed through the web-site due to the failure of any system or link
or due to any other reason whatsoever.
8. The member broker, may at their sole discretion permit clients to use the web-site for
the routing of their orders in respect of securities, irrespective of the amount in the
balance of the account of the clients.
9. The clients agree to abide with and be bound by all the Rules and Circulars that the
member broker may issue from time to time, and all rules, regulations and bye-laws of
the Exchange as are in force pertaining to the transactions on their behalf carried out by
the member broker and the orders place by them on the web-site.
10. The member broker may inform the clients of the acceptance or rejection of the order
placed by the clients through the web-site, and the reason therefor within the twenty
four hours of the placing of such order through the electronic mode at the e-mail id
provided by the clients while registering for the service on the web-site or as modified
thereafter.
11. The systems used by the member broker for providing Online Trading services are
generally capable of assessing the risk of the clients as soon as the order comes in.
12. Any and all instructions issued by an authorized representative of the clients shall be
binding on the clients in accordance with the letter authorizing the said representative
to deal on behalf of the clients. All authentication of the authority of a client to instruct
the member broker to deal on behalf the client shall be determined by the terms in this
regard mentioned on the web-site.
5.5 CLEARING AND SETTLEMENT
1. The Exchange may cancel a trade suo motu without assigning any reason thereof. In
the event of such cancellation the member broker shall be entitled to cancel the relative
contract or contracts, if any, with the clients.
2. The member broker may directly credit the demat account of the clients with the
designated depository participant for the purchase of the securities by the clients within
forty eight hours of the receipt of the securities from the exchange on the pay-out day.
Provided that if the order placed by the clients through the web-site is for securities,
which are in the no-delivery period, such securities shall be credited to the trading
account of the clients only at the time of settlement of trades, as per the schedule of the
exchange. However,
(a) If any sum is due from the clients the member broker may withhold the credit of
securities to the said Demat account of the clients with the designated depository
participant.
(b) Delivery arising from an order placed from the web-site in respect of a margin trading
account, may not be credited to the demat account of the clients but will be disposed of
in a manner prescribed in the terms and conditions.
3. Any sale delivery not made to the member broker at the time of trade must be made at
least forty-eight hours prior to the pay-out date in respect of the settlement in which
such purchase is made. Losses, if any, that may accrue in the event of a default in
completing the delivery on the Exchange by the member broker resultant of a delay in
the delivery by the clients, shall be borne solely and completely by the clients. Losses
for the purposes of this clause shall include auction debts, if any incurred as a result of
non-delivery of securities on the settlement date on the exchange.
5.6 DEFAULT AND CONSEQUENCES THEREOF
1. The clients agree that they shall be deemed to have defaulted terms of this agreement
in circumstances including but not restricted to the following:
(a) Any delay in payment of margins, charges or delivery in respect of this agreement
for transactions executed on behalf of the clients;
(b) Any contravention of the terms contained in the presents;
(c) Any misrepresentation or false statement or omission, or misleading information
supplied by the clients to the member broker;
2. The member broker may terminate the services made available to the clients at any
time and without issuing any notice or assigning any reason thereof.
3. In the event of a default of this agreement by a clients, the member broker shall be
entitled to any or all of the following courses of action:
a) Immediate termination of this agreement and provision of services in terms of this
agreement.
b) Other remedies as may be available in terms of the law for the time being in force.
c) Arbitration in terms of this agreement.
d) Charge of an amount that shall not exceed the actual losses incurred by the member
broker consequent to the default along with the interest at market rates.
5.7 LIEN
1. All the funds of the clients in the bank account shall be subject to lien for the discharge
of any or all payments due to the member broker from the clients, or in respect of any
other obligation that clients may have to the member broker.
2. All securities in the demat account opened in terms of this agreement with a designated
depository participant, shall be subject to lien for the discharge of any or all payments
due to the member broker from the clients or any other obligation that the clients may
have to the member broker and may be held by the member broker as a security
against default by the clients in respect of the services already availed of by the clients.
3. The enforcement of the lien aforementioned in clauses 5.7.1 and 5.7.2 shall be at the
sole and complete discretion of the member broker and the member broker alone may
decide the securities to be sold, if any.
4. The clients authorizes the member broker to block securities against pending order or
pledge securities in favor of the member broker against any of the dues. Provided that
requirement may be waived y the member broker, at their discretion, by suitable
modification to the terms and conditions.
5.8 INVESTMENT ADVICE
1. The clients agree that the member broker shall not be required to provide the clients
with any form of legal, accounting or tax related advice.
2. The clients agree that none of the services available on the website shall amount to
investment advice on the part of the member broker.
5.9 MISCELLANEOUS
1. The clients agree that all decisions with regard to the amount that may be placed as
margin, the exposure available to the clients as against the funds available in the bank
account and the authorized trading limit shall be decided by the member broker at their
sole discretion and no reasons thereof are required to be given to the clients.
2. The clients agree that that shall be bound by all or any changes or modifications that
are made to this agreement by the member broker, at its sole and complete discretion.
3. The clients agree that a modification to the terms and conditions on the website shall
amount to a valid modification of the presents.
4. The clients agree that the member broker may at any time terminate the services
available on the website on the basis of which this agreement is drawn and such
termination of services for any reason shall not be in contravention of the presents. In
the event that such termination occurs the member broker shall not be required to issue
any notice to the clients or assign any reasons thereafter.
5. The member broker shall issue contract notes in terms of the SEBI (Stock Brokers and
Sub Brokers) Rules and regulations, 1992 within twenty four hours of the execution of
the trade. Such contract note shall be dispatched by the member broker by courier or
through any other mode specified in the terms and conditions mentioned on the
website, at the address mentioned in this agreement or at any other address expressly
informed to the member broker by the clients.
6. The clients agree that all the transactions executed pursuant to an order placed on the
website shall be subject to the rules of the clearing house of the exchange and that all
trades shall be settled through such clearing house.
7. The clients agree to be bound by the guidelines, including the rules pertaining to the
adjustment of shortages in clients positions in securities transacted on behalf of such
clients, or any other person by the member broker, wither through orders placed
through the use of the Online Trading services of the member broker or otherwise as
may be issued by the member broker from time to time.
5.10 MODIFICATIONS
1. All modifications to this Agreement shall be made solely at the discretion of the member
broker and shall be intimated to the clients by a suitable modification to the terms and
conditions or other applicable section on the website.
2. The client agrees that a modification to the information in the terms and conditions
section on the website or any other applicable section and a display of the modification
for the duration of the applicability of such modification to the circumstances of the
clients, shall be sufficient notice to the Clients, to take note of such modification.
5.11 ASSIGNMENTS
The client agrees that Karvy stock broking Limited may at any time during the subsistence
of the presents without requirement of issuing any notice to the clients, assign, transfer or
otherwise alienate, by executing an agreement or in any other manner, all or any of their
rights and /or obligations in terms of this agreement to any person or entity including but
not limited to their affiliates, associates or sister companies.
6. TERMS OF CONSIDERATION
6.1 COMMISSIONS AND BROKERAGE
All commissions and charges leviable on transactions in securities pursuant to orders placed
on the website shall be payable at rates mentioned on the website and as may be modified
from time to time.
6.2 USER FEES
The clients agree that the member broker may charge User Fees for the use of any other
service including but not restricted to the Online Trading Services, at a rate mentioned on
the website and as may be modified from time to time.
6.3 DEPOSITORY CHARGES
The clients agree that the member broker may debit the demat account charges payable to
the depository participant to the trading account of the clients maintained with the member
broker.
6.4 OTHER CHARGES
The member broker may charge any other relevant charge in the manner intimated on the
website from time to time including but not limited to Trade Commission, Service Tax,
Turnover Charges, Tax Expenses incurred, Stamp Duty, Margins etc. as applicable.
7. INDEMNITY
7.1 The member broker shall be indemnified by the client in case of any action initiated
against the member broker by the party not privy to this contract, and it shall be the
duty of the client to bear out of their funds, all costs, losses and expenses which any
such member broker may incur or may become liable to pay, by reason of any event in
the course of the use of the said services by the client.
7.2 In the event of death or insolvency of the client or his otherwise becoming incapable of
receiving and paying for or delivering or transferring securities which the client has
ordered to be bought or sold, the member broker may close out the transaction of the
client and the client or his legal representative shall be liable for any losses, costs and
be entitled to any surplus which may result therefrom.
8. FORCE MAJEURE
The member broker shall not be responsible for delay or default in the performance of their
obligations due to contingencies beyond their control, such as fire, flood, civil commotion,
earthquake, war, strikes, failure of the system, failure of Internet links or
government/regulatory actions.
9. TERM AND TERMINATION
9.1 Both parties shall be entitled to terminate this agreement at will and without giving
any reasons to the other party but not without giving a notice in writing of not less
than one month that shall be despatched to the addresses mentioned in this
agreement. However, such cancellation or termination shall not have any effect on
any transaction(s) executed prior to the date of such notice of termination and the
rights and obligations in respect of such transactions shall continue to subsist in
terms of this agreement, and/or the terms and conditions as may be prescribed.
9.2 This Agreement shall become effective on the date first written above, subject to
Clause 8 above, and shall remain in full force until and unless terminated.
9.3 In the event of any Governmental action or action from any regulatory authorities
debarring the member broker from carrying on business or rendering it impossible to
transact the business of broking or online trading, this agreement shall stand
terminated.
9.4 The rights and obligations of the Parties under this Agreement which by their
nature survive the termination of this Agreement shall not be extinguished by the
termination of this Agreement.
10. ARBITRATION
10.1 If any dispute arises between the Parties hereto during the subsistence of this
Agreement of thereafter, in connection with or related to the validity, interpretation,
implementation or alleged breach of any provision of this Agreement, the dispute
shall, as far as possible be settled with the help of the officials of the exchange and if
no such settlement is possible the parties hereby agree to refer such dispute to
arbitration in accordance with the rules, bye-laws and regulations of the said stock
exchange. The member broker and client hereby agree that they shall co-operate
with the exchange officials and provide all relevant documents in their possession so
as to expedite the settlement through the arbitration process.
10.2 The member broker and the client hereby agree that they will assist and co-operate
with each other in ensuring faster settlement of any arbitration proceedings arising
out of the present agreement or from the provision of the online trading services by
the member broker and will accept arbitration awards in respect thereof.
11. APPLICABILITY OF LAW
The provisions of this agreement shall always be subject to Government notifications, any
rules, regulations and guidelines issued by SEBI and the Stock Exchange rules, regulations
and Bye-laws that may be in force from time to time.
12. JURISDICTION
All trades, transactions and contracts are subject to the rules and regulations of the
exchange and depository and shall be deemed to be and shall take effect as wholly made,
entered into and be performed in the city of Hyderabad and the parties to such trade shall
be deemed to have submitted to the jurisdiction of the Courts in Hyderabad for the purpose
of giving effect to the provisions of the Rules and regulations of the exchange and the bye-
laws and business rules of the depository.
Client :_______________________________________________________
(First Holder Name)
Signature : _______________________________________________________

Witness
By :_______________________________________________________
Signature :_______________________________________________________

Broker : KARVY STOCK BROKING LIMITED.

By :
Signature :
Title : DIRECTORY/AUTHORISED SIGNATORY
Witness :

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Stock Broking Services | Depository Participants | Distribution of Financial Products | Advisory
Services | Private Client Group

Member - National Stock Exchange (NSE) and The Bombay Stock Exchange (BSE).
Karvy Stock Broking Limited, one of the cornerstones of the Karvy edifice, flows freely towards
attaining diverse goals of the customer through varied services. Creating a plethora of
opportunities for the customer by opening up investment vistas backed by research-based
advisory services. Here, growth knows no limits and success recognizes no boundaries. Helping
the customer create waves in his portfolio and empowering the investor completely is the
ultimate goal.

Stock Broking Services

It is an undisputed fact that the stock market is unpredictable and yet enjoys a high success rate
as a wealth management and wealth accumulation option. The difference between
unpredictability and a safety anchor in the market is provided by in-depth knowledge of market
functioning and changing trends, planning with foresight and choosing one’s options with
care. This is what we provide in our Stock Broking services.
We offer services that are beyond just a medium for buying and selling stocks and shares.
Instead we provide services which are multi dimensional and multi-focused in their scope. There
are several advantages in utilizing our Stock Broking services, which are the reasons why it is
one of the best in the country.
We offer trading on a vast platform ; National Stock Exchange and Bombay Stock Exchange.
More importantly, we make trading safe to the maximum possible extent, by accounting for
several risk factors and planning accordingly. We are assisted in this task by our in-depth
research, constant feedback and sound advisory facilities. Our highly skilled research team,
comprising of technical analysts as well as fundamental specialists, secure result-oriented
information on market trends, market analysis and market predictions. This crucial information is
given as a constant feedback to our customers, through daily reports delivered thrice daily ; The
Pre-session Report, where market scenario for the day is predicted, The Mid-session Report,
timed to arrive during lunch break , where the market forecast for the rest of the day is given and
The Post-session Report, the final report for the day, where the market and the report itself is
reviewed. To add to this repository of information, we publish a monthly magazine
“Karvy ; The Finapolis”, which analyzes the latest stock market trends and takes a
close look at the various investment options, and products available in the market, while a
weekly report, called “ Karvy Bazaar Baatein”, keeps you more informed on the
immediate trends in the stock market. In addition, our specific industry reports give
comprehensive information on various industries. Besides this, we also offer special portfolio
analysis packages that provide daily technical advice on scrips for successful portfolio
management and provide customized advisory services to help you make the right financial
moves that are specifically suited to your portfolio.
Our Stock Broking services are widely networked across India, with the number of our trading
terminals providing retail stock broking facilities. Our services have increasingly offered
customer oriented convenience, which we provide to a spectrum of investors, high-networth or
otherwise, with equal dedication and competence.
But true to our spirit, this success is not our final destination, but just a platform to launch further
enhanced quality services to provide you the latest in convenient, customer-friendly stock
management.
Over the years we have ensured that the trust of our customers is our biggest returns. Factors
such as our success in the Electronic custody business has helped build on our tradition of trust
even more. Consequentially our retail client base expanded very fast.
To empower the investor further we have made serious efforts to ensure that our research calls
are disseminated systematically to all our stock broking clients through various delivery channels
like email, chat, SMS, phone calls etc.
Our foray into commodities broking has been path breaking and we are in the process of
converting existing traders in commodities into the more organized mainstream of trading in
commodity futures, both as a trading and risk hedging mechanism.

In the future, our focus will be on the emerging businesses and to meet this objective, we have
enhanced our manpower and revitalized our knowledge base with enhances focus on Futures and
Options as well as the commodities business.

Depository Participants

The onset of the technology revolution in financial services Industry saw the emergence of
Karvy as an electronic custodian registered with National Securities Depository Ltd (NSDL)
and Central Securities Depository Ltd (CSDL) in 1998. Karvy set standards enabling further
comfort to the investor by promoting paperless trading across the country and emerged as the top
3 Depository Participants in the country in terms of customer serviced.
Offering a wide trading platform with a dual membership at both NSDL and CDSL, we are a
powerful medium for trading and settlement of dematerialized shares. We have established live
DPMs, Internet access to accounts and an easier transaction process in order to offer more
convenience to individual and corporate investors. A team of professional and the latest
technological expertise allocated exclusively to our demat division including technological
enhancements like SPEED-e, make our response time quick and our delivery impeccable. A
wide national network makes our efficiencies accessible to all.

www.karvydp.com

Distribution of Financial Products

The paradigm shift from pure selling to knowledge based selling drives the business today. With
our wide portfolio offerings, we occupy all segments in the retail financial services industry.
A 1600 team of highly qualified and dedicated professionals drawn from the best of academic
and professional backgrounds are committed to maintaining high levels of client service
delivery. This has propelled us to a position among the top distributors for equity and debt issues
with an estimated market share of 15% in terms of applications mobilized, besides being
established as the leading procurer in all public issues.
To further tap the immense growth potential in the capital markets we enhanced the scope of our
retail brand, Karvy – the Finapolis , thereby providing planning and advisory services to the
mass affluent. Here we understand the customer needs and lifestyle in the context of present
earnings and provide adequate advisory services that will necessarily help in creating wealth.
Judicious planning that is customized to meet the future needs of the customer deliver a service
that is exemplary. The market-savvy and the ignorant investors, both find this service very
satisfactory. The edge that we have over competition is our portfolio of offerings and our
professional expertise. The investment planning for each customer is done with an unbiased
attitude so that the service is truly customized.
Our monthly magazine, Finapolis, provides up-dated market information on market trends,
investment options, opinions etc. Thus empowering the investor to base every financial move on
rational thought and prudent analysis and embark on the path to wealth creation.
http://mfportfolio.karvy.com

Advisory Services

Under our retail brand ‘Karvy – the Finapolis', we deliver advisory services to a cross-section of
customers. The service is backed by a team of dedicated and expert professionals with varied
experience and background in handling investment portfolios. They are continually engaged in
designing the right investment portfolio for each customer according to individual needs and
budget considerations with a comprehensive support system that focuses on trading customers'
portfolios and providing valuable inputs, monitoring and managing the portfolio through varied
technological initiatives. This is made possible by the expertise we have gained in the business
over the years. Another venture towards being investor-friendly is the circulation of a monthly
magazine called ‘Karvy - the Finapolis'. Covering the latest of market news, trends, investment
schemes and research-based opinions from experts in various financial fields.
www.thefinapolis.com

Private Client Group

This specialized division was set up to cater to the high net worth individuals and institutional
clients keeping in mind that they require a different kind of financial planning and management
that will augment not just existing finances but their life-style as well. Here we follow a hard-
nosed business approach with the soft touch of dedicated customer care and personalized
attention.
For this purpose we offer a comprehensive and personalized service that encompasses planning
and protection of finances, planning of business needs and retirement needs and a host of other
services, all provided on a one-to-one basis.
Our research reports have been widely appreciated by this segment. The delivery and support
modules have been fine tuned by giving our clients access to online portfolio information,
constant updates on their portfolios as well as value-added advise on portfolio churning, sector
switches etc. The investment recommendations given by our research team in the cash market
has enjoyed a high success rate.

Click here for PCG Brochure

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Investor Complaints
Disclaimer | PMLA POLICY of KSBL | Do's & Dont's| Demo

All our clients may send their complaints / grievances to : igksblsb@karvy.com for Stock
Broking
Contact toll free no: 1800 425 8283
Bombay Stock Exchange, Mumbai is not in any manner answerable, responsible or liable to any
person or persons for any acts of omission or commission, errors, mistakes and/or violation,
actual or perceived, by us or our partners, agents, associates etc., of any of the Rules,
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Member: NSE (Cash): SEBI Regn. No: INB230770138 | NSE (F&O) SEBI Regn. No:
INF230770138 | NSE Trading Member ID: 7701 | BSE (Cash) SEBI Regn No.:
INB010770130 | BSE Clearing Member No. 917 | NSDL: SEBI Regn No. : IN-DP-NSDL-
247-2005 | DP IDs: IN 300394 | IN 301557 | IN 301926 | IN 302470 | CDSL SEBI Regn No.:
IN-DP-CDSL-305-2005 | DP ID: 1301440 | SEBI PMS Regn No.: INP000001512 | SEBI
Merchant Banking Regn. No: INM000008365 | MCX : 10775, FMC: MCX/TCM/CORP/0021
:: NCDEX : 00236, FMC: NCDEX/TCM/CORP/0306 | NSE CDS SEBI Regn. No:
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• Effects of Foreign
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the Economy
• Stock Trading
Strategies ? What?s
Right for You?
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Market Crash?
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• Investment Terms
You Need to Know

What’s a demat account?

Demat refers to a dematerialised account.
Just as you have to open an account with a bank if you want to save your money, make cheque
payments etc, you need to open a demat account if you want to buy or sell stocks. So it is just
like a bank account where actual money is replaced by shares. You have to approach the DPs
(remember, they are like bank branches), to open your demat account.
Let’s say your portfolio has 100 of Satyam, 200 of IBM and 120 of TCS shares. All these will
show in your demat account. So you don’t have to possess any physical certificates showing that
you own these shares. They are all held electronically in your account. As you buy and sell the
shares, they are adjusted in your account. Just like a bank passbook or statement, the DP will
provide you with periodic statements of holdings and transactions.
Rights
Dematerialisation of your holdings is not mandatory. You can hold your securities either in
demat form or in physical form. You can also keep part of your holdings (in the same scrip) in
demat form & part in physical form. However, a select list of securities announced by SEBI can
be delivered only in demat form in the stock exchanges connected to NSDL.
Procedure
1. Fill demat request form (DRF) (obtained from DP with whom your depository account is
opened).
2. Deface the share certificate(s) you want to dematerialise by writing across Surrendered
for dematerialisation.
3. Submit the DRF & share certificate(s) to DP. DP would forward them to the issuer / their
R&T Agent .
4. After dematerialisation, your depository account with your DP, would be credited with
the dematerialised securities.
Points To Remember
1. Only securities admitted by NSDL can be dematerialised. The list is available with your
DP.
2. Only securities registered in the name of the account holder can be dematerialised.
3. Dematerialisation is normally completed within 15 days after the share certificates have
reached the issuer/ their R&T Agent. Thus it may take you a month from the date you
hand over shares, to receive demat credit.
4. Dematerialisation would be done only when the issuer / their R&T Agent is satisfied of
genuineness of securities & ownership status.
5. All the joint holders should sign the DRF.
 6. The pattern of holding in the DRF should match the pattern of holding on the share
certificate & the pattern in which account is opened.
7. Demat requests with name(s) not matching exactly with the name(s) appearing on the
certificates merely on account of initials not being spelt out fully or put after or prior to
the surname, would be processed, provided the signature(s) of the client(s) on the DRF
tallies with the specimen signature(s) available with the issuer/ their R & T agent.
8. If the signature in the DRF does not match with the signature available with the issuer/
their R & T agent, the issuer/ their R & T agent may at the time of demat confirmation,
ask for additional documentation (like bank attestation/ notarisation, etc.) to prove that
the certificate belongs to the person who forwarded the DRF.
9. In case there is any problem in processing the DRF, contact your DP and if he cannot
resolve the problem you may contact NSDL.
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○ 1,03,04,513 Demat Accounts as of July 24, 2010

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