This Agreement is made at Agra this [______] day of [______] 2007 between Seema Securities (P)
Limited (hereinafter referred to as SSPL), a company incorporated in India and having its registered
office at Block 20/4, 1 Floor, Maruti Tower, Sanjay Place, Agra 282002 AND
[____________________________] an individual, company, trust, firm or any other body duly formed
and registered under the relevant Act, (hereinafter called the CLIENT) having its address / registered
office at [______________________].
SSPL has applied for trading membership of The Stock Exchange Mumbai ("BSE") and to be
registered with Securities and Exchange Board of India ("SEBI") under Securities and Exchange
Board of India (Stock Brokers and Sub-Brokers) Rules 1992
The CLIENT is desirous of investing/trading online via the Internet in those dematerialized securities
admitted for dealing on the Stock Exchange(s) as provided in the [E-broking
Rules/Regulations/Bye-laws] of the relevant Stock Exchange.
The CLIENT has satisfied itself of the capability of SSPL to provide E-broking Services and the
CLIENT shall continue to satisfy itself of such capability of SSPL before executing orders through
SSPL has satisfied and shall continuously satisfy itself bout the genuineness and soundness of the
CLIENT and investment objectives relevant to the services to be provided.
SSPL has taken steps and shall take steps to make the CLIENT aware of the precise nature of
SSPL's liability for business to be conducted, including any limitations on that liability under the
capacity in which it acts.
In consideration of the mutual understanding as set forth in this agreement, the parties hereby agree
on the following terms and conditions:-
1.1 "Account" shall mean the CLIENT's E-Broking Account with SSPL.
1.2 Badla" shall mean the system of carry forward of transactions beyond one settlement cycle in
accordance with the rules prescribed by SEBI and implemented by the relevant Stock Exchange.
1.3 "Bank Accounts" shall mean the bank account that may be opened by the CLIENT with a
Designated Bank pursuant to this Agreement.
1.4 "BSE" shall have the meaning specified in the recitals.
1.5 "Business Day" means any day on which the BSE are open for trading.
1.6 "Designated Bank" shall mean a bank from among the list at Annexure "1" hereto with which
SSPL has arrangements for auto debit/credit of payments and receivables to and from its clients.
1.7 "E-Broking Services" shall have the meaning specified in the recitals.
1.8 "DP Account" shall mean an account that may be opened by the CLIENT with designated DP
pursuant to this Agreement.
1.9 "Designated DP" shall mean a depository participant from among the list at Annexure "2"
hereto with which SSPL has an arrangement for speedy delivery and receipt of securities to and
from its clients.
1.10 "Minimum Margin Deposit" means the minimum cash balance that the CLIENT is required to
maintain with SSPL at all times as a condition to avail the E-broking Services.
1.11 "NSE" shall have the meaning specified in the recitals.
1.12 "Order Types" shall include the various types of orders, including those listed in Trading and
Product Guidelines Brochure, and order types known by such other name or terminology as are
commonly used in the trade, that the CLIENT may place with SSPL.
1.13 "Password" shall mean the alphanumeric code allotted by SSPL to the CLIENT to enable it
to validate the Username and operate the Account.
1.14 "Products" shall mean the various products offered by SSPL as part of the E-broking
1.15 "SEBI" shall have the meaning specified in the recitals.
1.16 "Sensex" shall mean the BSE's sensitive stock index.
1.17 "Stock Exchange" shall mean a stock exchange that is recognised by SEBI and which has
granted permission to SSPL to provide the E-Broking Services and shall include the BSE.
1.19 "Trading Hours" shall mean such period of Business when the BSE offers trading to its
members including SSPL.
1.20 "User name" means the alphanumeric identification code allotted by SSPL and used by the
CLIENT for accessing is Account.
1.21 In addition to the above, certain terms have been defined elsewhere in this Agreement and
they shall have the meaning assigned to them unless the context specifically or by necessary
application otherwise requires.
1.22 Various terms used throughout this Agreement shall, if not, specifically defined, or in case of
any ambiguity as to the meaning thereof, be construed and interpreted in accordance with the
customary meaning of such term in the business of providing broking services and trading on
1.23 The headings are for convenience only and shall not affect the interpretation of this
Agreement. Unless otherwise specified, references to clauses and Exhibits are references to
clauses and Exhibits to this Agreement.
1.24 The definitions ascribed to terms in this Agreement apply equally to both the singular and
plural forms of such terms. Whenever the context may require, any pronoun shall be deemed to
include the corresponding masculine, feminine and neuter forms. The words "include", "includes"
and "including" shall be interpreted as if followed by the phrase "without limitation". References to
any document or agreement, including this Agreement, shall be deemed to include any
references to such document or agreement as amended, supplemented or replaced from time to
time in accordance with its terms and (where applicable) subject to compliance with the
requirements set forth therein and herein. References to a statute, ordinance, code or other law
shall be deemed to include regulations and other instruments under it and consolidations,
amendments, re-enactments or replacements of any of them. References to any party to this
Addendum Agreement or any other document or arrangement includes that party’s executors,
administrators, substitutes, successors and permitted assigns.
SSPL hereby agrees to provide E-broking Services to CLIENT and the CLIENT agrees to avail of the
E-broking Services provided by SSPL on the terms and conditions set forth in this Agreement.
3. Eligibility Criteria
3.1 The CLIENT shall be eligible to avail of the E-broking Service only after having registered
with SSPL on completing the Registration Form prescribed by SSPL in this behalf and fulfilling
the conditions of registration specified by SSPL from time to time including, inter alia, as follows:
3.1.1 The existence/opening of a bank account and a depository account by the CLIENT either
with a Designated Bank and a Designated DP or with a bank and a depository participant
acceptable to SSPL.
3.1.2 The existence or creation of the Minimum Margin Deposit by the CLIENT with SSPL
3.1.3 Execution of a Power of Attorney in favour of SSPL for use of the Depositary Account in the
form annexed as Annexure 3 hereto.
3.1.4 Execution of such other documents and furnishing of particulars as may be required from
time to time by SSPL.
3.2 On the satisfactory verification by SSPL of the information provided by the CLIENT and the
fulfillment of all requirements as stated in sub-clauses (i) and (iv) above by the CLIENT, SSPL
shall register the CLIENT for availing the E-Broking Services and issue it a unique docket number
and open its Account with SSPL.
3.3 On activation of the Account by SSPL, SSPL shall provide the CLIENT with a Username and
Password to access and operate the Account, and avail of the E-broking Services.
4. Product Offered by SSPL
4.1 Trading will be limited to securities that form part of the DEMAT FOR ALL (as retail investors)
list prescribed by SEBI.
4.2 The E-broking Services shall comprise of one or more of the following distinct Products that
may be offered to the CLIENT:
4.2.1 Trades for Delivery (more specifically described in Trading and Product Guidelines
Brochure). These Products may be offered with or without a Badla option at the discretion of
4.2.2 Trades for square off (more specifically described in Trading and Product Guidelines
Brochure). Square offs may be done on a daily trading or weekly trading cycle at the CLIENT's
option. Provided that if a relevant scrip is on a rolling settlement list or a daily settlement, square-
offs will have to be on a daily basis only.
4.2.3 Derivatives - Sensex Futures Trading (more specifically described in Trading and Product
4.3 The CLIENT shall select the Products it wishes to avail of. SSPL shall, in its absolute
discretion agree to offer one or more of the Products selected, to the Clients. Based on the
CLIENT's selection and SSPL’s confirmation of the Products that the CLIENT may avail of, SSPL
will determine the Minimum Margin Deposit to be maintained by the CLIENT with SSPL and set
an authorized limit ("the Limit") or amount of outstanding trades that the CLIENT may have at any
4.4 The Products offered by SSPL to the CLIENT shall be used by the CLIENT on the terms and
conditions more specifically described in the Trading and Product Guidelines Brochure.
4.5 The procedure for accessing the SSPL Internet Site and availing of the Products is set out in
Trading and Product Guidelines Brochure.
5. Brokerage and Taxes
5.1 SSPL shall be entitled to a brokerage of up to the maximum rate permitted by SEBI, of the
value of every transaction that may be undertaken by the CLIENT by using the E-broking
Service. The rates of brokerage for each Product that the CLIENT may avail of under this
Agreement are mentioned in trading and product guidelines brochure hereto. The rates of
brokerage may be revised by SSPL from time to time at its sole discretion.
5.2 The CLIENT shall also pay any applicable taxes, including service tax and handling charges
that may be levied on any transactions undertaken pursuant to this Agreement.
6.1 All securities and / or property in the Bank /DP Account shall be subject to a lien for the
discharge of any and all indebtedness or any other obligation that the Client may have to SSPL.
6.2 All of the Client’s securities and /or other property shall be held by SSPL as security for the
payment of any such obligation or indebtedness to SSPL.
6.3 In enforcing its lien, SSPL at its sole discretion may determine which securities and /or other
property are to be sold or which contracts are to be enforced.
7.1 Time of Payment
7.1.1 The CLIENT shall make all remittances to SSPL (i.e. payment for all purchase transactions
plus taxes, brokerage and handling charges) by the value date for each transaction. The value
date for all purchases will be the pay-in day less two days, where the pay-in day is specified by
the exchange-clearing house for the relevant settlement period.
7.1.2 The CLIENT will also have to make a margin payment for shares purchased and sold either
for square off or delivery. The amount will be as charged by the relevant exchange. However, in
case the exchange charges a margin amount over and above the normal margins, SSPL can
make a margin call to the client who will need to have to pay the relevant margin as charged by
7.1.3 SSPL shall remit funds to the CLIENT (i.e. payment for all sale transactions less taxes and
brokerage), less any amounts deducted for shortages by the value date. The value date for all
sales will be pay-out day plus two days where the pay out day is specified by the exchange
clearing house for the relevant settlement period.
7.2 Mode of Payment
7.2.1 In the case of a purchase transaction, the CLIENT shall remit funds within the time period
provided in sub-clause 7.1.1 above to SSPL in any of the following ways:
18.104.22.168 Acceptable credit or debit card, provided SSPL has agreed to receipt of payment in this
22.214.171.124 Authorised electronic transfer of funds from CLIENT’s Bank Account to SSPL's bank
account in the same Designated Bank; or
126.96.36.199 Demand draft or account payee cheque drawn on any other bank with which the CLIENT
maintains a regular account..
In the case of (1) and (2) credit will be given to the CLIENT immediately on authentication of payment
authorization. In the case of (3) credit will be given only on receipt of clear funds.
7.2.2 In the case of a sale transaction, SSPL shall remit funds to the CLIENT within the time
period provided in sub-clause 7.1.3 above, provided the CLIENT has delivered the securities sold
to SSPL within the time prescribed in clause 7.1.1, in any of the following ways as may be
requested by the CLIENT:
188.8.131.52 Electronic transfer of funds into the Bank Account of the CLIENT opened with the
184.108.40.206 Electronic transfer of funds into any other bank account of the CLIENT as may be
specified by the CLIENT, and accepted by SSPL; or
220.127.116.11 Account payee cheque
7.2.3 Interface with a payment gateway will be offered to the CLIENT at the portal itself
7.3 Default in Payment
On a default by the CLIENT to remit any monies payable to SSPL, SSPL shall be entitled to
appropriate the monies maintained by the CLIENT in the Minimum Margin Deposit towards its dues.
The Minimum Margin Deposit shall be subject to a lien for the discharge of any and all indebtedness
or any other obligation that the CLIENT may have to SSPL.
The E-broking Services shall be suspended to the CLIENT until such time as the CLIENT replenishes
funds adequate to maintain the Minimum Margin Deposit at the stipulated level.
8. The Minimum Margin Deposit
8.1 In the event of the CLIENT being required to pay margin money whether under the rules of any
Stock Exchange or SEBI or as otherwise determined by SSPL, SSPL shall be authorised to
appropriate the Minimum Margin Deposit or any part thereof, towards such margin requirement. The
CLIENT shall immediately replenish funds adequate to the required level of the Minimum Margin
Deposit, failing which the E-Broking Services may be suspended by SSPL.
9. Delivery of Shares
9.1 Time of Delivery
9.1.1 The CLIENT shall deliver shares to SSPL for all sale trades due for settlement, on or before
the trade settlement day. The settlement day for all CLIENT sales will be the pay-in day less one
day, where the pay-in day is specified by the exchange clearing house for the relevant settlement
period. All CLIENT sale delivery defaults or shortages will result in auction debits at the
exchange-clearing house, which will be passed on to the CLIENT.
9.1.2 SSPL shall deliver shares purchased by the CLIENT on the trade settlement day, except
delivery shortages from the exchange-clearing house. The settlement day for all CLIENT
purchases will be payout day plus one day, where the pay-out day is specified by the exchange
clearing house for the relevant settlement period.
9.2 Mode of Delivery of Shares
9.2.1 Delivery of securities will involve only a transfer of balances with the relevant depository
9.3 Bad Delivery of Shares
9.3.1 If SSPL makes a sale of any Securities and/or other property at the direction of the Client or
in the event that the Client fails to deliver to SSPL any Securities and/or other property that SSPL
has sold at his direction, SSPL is authorised to borrow or otherwise obtain the Securities and/or
other property necessary to enable SSPL to make delivery, and the Client agrees to be
responsible for any cost or loss that SSPL may incur, including the cost of borrowing and/or
obtaining the Securities and/or other property.
9.3.2 Exchange shortage quantities will be settled after the due auction buy-in process at the
Exchange. All auction shortage closeout credits received from the Exchange will be passed on to
and borne by the CLIENT.
9.3.3 The CLIENT shall reimburse SSPL for all costs incurred in the auction procedure within 2
business days of the bill received by SSPL in this regard.
10. Confirmations and Cancellations
10.1 All transactions undertaken by the CLIENT during Trading Hours shall be confirmed to the
CLIENT by a pop-up alert during a live Internet session and an e-mail notification by SSPL to the
CLIENT. A printed contract note will be dispatched by SSPL to the CLIENT as the per the
deadlines set by the exchange in the exchange manuals.
10.2 The CLIENT may place trade orders outside Trading Hours also. In such case, an e-mail
confirmation may be sent by SSPL on the next Business Day and a printed contract note will be
dispatched by SSPL to the CLIENT by the end of the following Business Day.
10.3 In case of orders placed during Trading Hours, every effort will be made by SSPL to have
the order executed within a few seconds, subject to match up of orders and other circumstances
provided herein. Any orders not executed for any reason during Trading Hours, shall unless the
Order Type requires or implies otherwise, stand cancelled.
10.4 In case of orders placed outside Trading Hours, subject to the Order Type match up of
orders and other circumstances provided herein, every effort will be made by SSPL to have the
order executed promptly upon commencement of Trading Hours on the immediately following
Business Day. As of now, the services provided by SSPL do not allow the trades to be entered
beyond market hours. As and when the services are available, the client will be informed about
10.5 If the CLIENT places a request to cancel an order, the cancellation of that order is not
guaranteed by SSPL. The order will only be cancelled if the CLIENT's request for cancellation is
received in the exchange and matched up with his order before it gets executed.
10.6 The CLIENT agrees that the information sent by SSPL by e-mail is deemed to be a valid
delivery of such information by SSPL to the CLIENT. In the event the CLIENT does not receive
any confirmation from SSPL, whether by e-mail or printed contract note, by the end of the next
Business Day following the date on which the order is placed, the CLIENT shall make inquiries
with SSPL on the status of the order.
10.7 SSPL may from time to time receive late reports from the BSE/NSE reporting the status of
transactions. Accordingly, the CLIENT shall be subject to late reports relating to orders that were
previously unreported to him or reported to him as being expired, cancelled, or executed.
10.8 Any recording or position errors, including errors in execution prices will be corrected to
reflect what actually occurred in the market place.
10.9 The CLIENT further agrees as follows:
10.9.1 SSPL shall have the right to refuse to accept any buy or sell transaction from the CLIENT
without providing any reasons thereof provided that SSPL shall immediately inform the CLIENT
of any such decision.
10.9.2 Without prejudice to the generality of the above, the CLIENT is aware that SSPL has
provided on the web site, a facility for reconfirmation of orders, which are larger than that
specified by SSPL's risk management team and that SSPL has the discretion to reject the
execution of any orders based on its risk perception.
10.9.3 SSPL shall not be liable for non-execution of any order or for any delay in the execution of
any purchase or sale order or for any resultant loss on account of such non-execution or delay,
due to any link/system/ failure at the
10.9.4 SSPL shall, at its sole discretion subject any sale or purchase order placed by the CLIENT
to manual review and entry or other verification process, which may cause delays in the
processing of the CLIENT’s orders.
10.9.5 The CLIENT will receive the price at which his order is executed in the market place,
which may be different from what is trading when his order is entered into the system.
10.9.6 Inform SSPL if he does not receive confirmation of trade under section 10.1
11. Joint Account
11.1 The CLIENT, if he is a joint account holder agrees that upon the death or disability of either
party, the remaining undersigned shall immediately provide notice of such event to SSPL. All
transactions thereafter affecting the concerned CLIENT account(s) must be at the joint direction
and upon the joint signatures of the legal representative of the affected party and the remaining
undersigned. SSPL shall not be liable for transfers, payments or other transactions that occur in
the Account prior to receipt of such written notice.
11.2 The CLIENT will indemnify SSPL from any claim or losses arising from transactions in
securities held jointly by the CLIENT with any other person or persons.
12. Investment Advice
12.1 The CLIENT acknowledges that SSPL shall not be liable to provide him with any legal, tax
or accounting advice or advice regarding the suitability or profitability of a security or investment.
12.2 The CLIENT also acknowledges that SSPL’s employees are not authorised to give any such
advice and that the CLIENT will not solicit or rely upon any such advise from SSPL or any of its
12.3 Any information or recommendations provided by SSPL in addition to the E-Broking Service
shall not be construed as investment advice given by SSPL to the CLIENT.
13. Representations and Warranties
13.1 Representation and Warranties Of the Client
13.1.1 The CLIENT agrees that the gross exposure computation norms, the resulting authorised
trade Limit for the CLIENT, the Minimum Margin Deposit requirement for each Product are
discretionary parameters that may be set by SSPL, at its sole discretion without having to provide
any reasons for the same.
13.1.2 The CLIENT is aware that authentication technologies and strict security measures are
required for the internet trading through order routed system. Accordingly the CLIENT undertakes
to ensure that the Password and Username are not revealed to any third party and shall ensure
that no third person other than his authorised representative gains access to it.
13.1.3 The CLIENT agrees that SSPL may, in its absolute discretion, issue a new password to
the CLIENT on the terms and conditions stated herein or on such terms and conditions as SSPL
may deem fit.
13.1.4 The CLIENT shall, at all times, be bound by any modifications and/or variations made to
this Agreement by SSPL.
13.1.5 The CLIENT agrees that SSPL may suspend the E-broking Service in whole or in part, at
any time without prior notice if the CLIENT does not comply with any of the terms and conditions
of this Agreement.
13.1.6 The CLIENT shall take responsibility for all the transactions conducted by using the E-
Broking Service and will abide by the record of transactions generated by SSPL. Such records
generated by SSPL shall be conclusive proof and binding on the CLIENT for all purposes and
may be used as evidence in any proceedings. In particular it shall not be an option to the CLIENT
to contend or to try and avoid a transaction on the allegation that a trade conducted on its
Account using the Password allotted to the CLIENT was not a transaction done by or on behalf of
13.1.7 The CLIENT agrees that in the event of death or insolvency of the CLIENT or his
otherwise becoming incapable of buying and paying for or delivering or transferring securities
which the CLIENT has ordered to be bought or sold SSPL 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.
13.1.8 The CLIENT agrees that any instructions issued by an authorised representative of the
CLIENT shall be binding on the CLIENT in accordance with the letter authorising the said
representative to deal on behalf of the CLIENT.
13.1.9 The CLIENT agrees that if the relevant Stock Exchange cancels a trade suo-moto without
giving any reason thereof, SSPL shall be entitled to cancel relative contract(s) with the CLIENT.
13.1.10 The CLIENT has the legal capacity to enter into this Agreement and has taken all
corporate and other action necessary and obtained all required consents to enable it to enter into
this Agreement and this Agreement constitutes legal, valid and binding obligations of the CLIENT
enforceable against the CLIENT in accordance with its terms.
13.1.11 The CLIENT confirm and undertakes that none of the monies paid to or deposited by the
CLIENT with SSPL is or shall be tainted with any form of illegality.
13.2 Representation and Warranties Of SSPL
SSPL represents and warrants that it has received permission for internet based trading from the BSE to
provide E-broking Services and has satisfied all necessary requirements of the Exchange, including but
not limited to operational and system requirements.
The CLIENT shall indemnify SSPL for all transactions undertaken on its behalf by SSPL and in
particular shall not hold SSPL liable for the following:
14.1 For any transactions using the E-broking Service carried out in good faith by SSPL on
instructions issued by or on behalf of the CLIENT.
14.2 For the unauthorised usage/unauthorised transactions conducted by using the E-broking
Service and/or the CLIENT’s Account and/or Password.
14.3 For any loss or damage incurred or suffered by the CLIENT due to any error, defect, failure
or interruption in the provision of the E-broking Service arising from or caused by any reason
14.4 For any negligence/mistake or misconduct by the CLIENT.
14.5 For any breach or non-compliance by the CLIENT of the rules/terms and conditions stated in
14.6 For not carrying out any such instructions where the SSPL has reason to believe (which
decision of SSPL the CLIENT shall not question or dispute) that the instructions given are not
genuine or are otherwise improper, unclear, vague or raise a doubt or that the Minimum Margin
Deposit or margin requirement to process a transaction is not there.
14.7 For any incidental, consequential, special or indirect damages including but not limited to
lost profits, trading losses, or damages that result from inconvenience, delay or loss of the use of
the Service even if SSPL has been advised of the possibility of such damages.
15.1 Either party may terminate the Agreement at any time by giving written notice to the other.
15.2 Such cancellation/termination as provided in sub-clauses (a) above shall not have any effect
on transaction executed before the date of termination and the parties shall enjoy the same rights
and shall have the same obligations in respect of such transactions. SSPL shall not be bound to
release the Minimum Margin Deposit requirement until all outstanding trades or termination of
this Agreement has been fully squared off or settled.
16.1 SSPL shall keep the information relating to the transactions of the CLIENT using the E-
broking Service confidential.
16.2 Provided however that SSPL is entitled to disclose any information or particulars pertaining
to the CLIENT to any authority, statutory or otherwise as may be required by law.
17.1 The provisions of this agreement shall always be subject to Government notifications, any
rules, regulations and guidelines issued by SEBI and Stock Exchange rules, regulations and
other laws that may be in force from time to time.
17.2 All trades, transactions and contracts are subject to the Rules and Regulations of the
Exchange and shall be deemed to be and shall take effect as wholly made, entered into and to
be performed in the city of Agra and the parties to such trade shall be deemed to have submitted
to the jurisdiction of the Courts in Agra for the purpose of giving effect to the provisions of the
Rules and Regulations of Exchange.
17.3 The Client understands and agrees that SSPL is acting as an agent of the Client, unless
SSPL notifies the Client, electronically or in writing, before the settlement date for the transaction
that SSPL is acting as a dealer for its own account or as agent for some other person.
17.4 SSPL and/or its agents will not be liable for losses caused directly or indirectly by
government restriction, exchange or market rulings, suspension of trading, computer or
telephone failure, war, earthquakes, flood, accident, power failure, equipment or software
malfunction, strikes or any other conditions beyond SSPL's control.
17.5 All notices, requests and other communications to any party hereunder shall be in writing
and sufficient if delivered personally or sent by facsimile transmission (with confirmation of
receipt) or, if permitted by law by e-mail, or by registered or certified mail, postage prepaid, return
receipt requested or by overnight mail or courier service, addressed as follows:
To SSPL at:
Name of the person concerned: Mr. Ajay Kumar Agarwal
Address: Block 20/4, 1 Floor, Maruti Tower, Sanjay Place, Agra 282002.
Fax #: 91-562-4000825
To the Client at:
Name of the person concerned:
or to such other address or addresses or facsimile numbers as the party to whom notice is to be given
may have furnished to the other party in writing in accordance herewith. Each such notice, request or
communication shall be effective when received or, if given by mail, when delivered at the address or
addresses specified in this Section or on the fifth business day following the date on which such
communication is posted, whichever occurs first.
17.6 The Broker and the CLIENT are aware of the provisions of Bye-Laws, Rules and regulations of the
Stock Exchanges relating to resolution of disputes/differences through the mechanism of arbitration
provided by the Stock Exchanges and agree to abide by the said provisions.
17.7 All trades, transactions and contracts are subject to the Bye-Laws, Rules and Regulations of the
relevant Stock Exchange and shall be deemed to be and shall take effect as wholly made, entered into and
to be performed in the city of Agra and the parties to such trade shall be deemed to have submitted to the
jurisdiction of the Courts in Agra for the purpose of giving effect to the provisions of the Rules and
Regulations of the Exchange. This Agreement shall be governed by and construed in all respects in
accordance with the laws of the Republic of India.
IN WITNESS WHEREOF the parties to agreement have caused these presents to be executed as of the date and
year first above written.
Signed for and on behalf of SEEMA SECURITIES (PVT)
Signed for and on behalf of CLIENT
List of Designated Banks
List of Designated Depository Participants
SEEMA SECURITIES (P) LTD.
FORM OF POWER OF ATTORNEY
POWER OF ATTORNEY (Rs. 100/- Stamp Paper)
TO BE GIVEN BY DEMAT SOLE HOLDER IN FAVOUR OF SEEMA SECURITIES PVT. LIMITED FOR
OPERATING THE DESIGNATED DEMAT ACCOUNT.
TO ALL TO WHOM THESE PRESENTS SHALL COME, I/We, Mr./Mrs./Ms. ________ son/wife/daughter
of ____, and residing at ____________________________________________ aged ____ years, SEND
WHEREAS I wish to participate in the on-line trading facilities offered by SEEMA SECURITIES PVT.
LIMITED (SSPL) (or any of its assigns), a company incorporated under the Companies Act, 1956 and
having a registered office at Block 20/4, 1 Floor, Maruti Tower, Sanjay Place, Agra 282002.
WHEREAS in order to participate in the on-line broking services offered by SSPL, I am required to hold a
demat account with any of the Depository Participants listed in annexure _2__ of the Client Broker
Agreement (‘Designated Depository Participant’) and have accordingly opened a demat account bearing
Demat account no._______ with _____ Depository Participant ("the Demat Account").
AND WHEREAS I have also entered into the Member-Client Agreement (the ‘Agreement’) with SSPL for
availing of the online broking services (‘E-broking Services’) offered by SSPL.
AND WHEREAS for facilitating proper execution of all transactions undertaken by us/me pursuant to the
Agreement, SSPL requires the authority to give instructions for the transfer of securities from the Demat
Account and therefore so as to assist SSPL in properly executing all transactions I am desirous of
appointing SSPL as my attorney for such purposes.
NOW THESE PRESENTS WITNESS that I/we the said _________ and __________, in consideration of
availing of the E-broking Services offered by SSPL, do hereby irrevocably, nominate, constitute and
appoint SEEMA SECURITIES PVT. LIMITED (SSPL) ("the Attorney") to be my/our true and lawful
attorney in my/our name and on my/our behalf to execute, do or any of the following acts, deeds or things
mentioned hereunder, that is to say:
To instruct the Designated Depository Participant being ________ to transfer securities from the
Demat Account to the purchaser and/or to SSPL in respect of all sales of securities undertaken
by me pursuant to the Agreement.
AND GENERALLY, to do all such acts, deeds, matters and things as may be necessary for or
incidental to ensure that all payments for and delivery of securities arising out of transactions
undertaken by me/us under the Agreement are duly and properly completed.
AND I DO HEREBY for myself, my heirs, executors and administrators agree to ratify and confirm all
and whatsoever my said Attorney shall do or purport to do or cause to be done by virtue of these
Made at on this day of 2000.
IN WITNESS THEREOF I/we the said _______ and ___________, hereunto set and subscribe my/our
respective hand at on this day of 2000.
2. IN THE PRESENCE OF Notary Public