A. The Client has to communicate queries/discrepancies either on the same day or the following day to avoid any inconvenience to him.
B. The client shall send shares for clearance and settlement in GOOD ORDER. Good order means transfer deeds complete in all respects, along with the client's seal if he is SEBI RGISTERED, on back side of transfer deed along with date, shares received from the Client by the Member shall be termed as GOOD DELIVERY as per the guidelines relating to GOOD and BAD delivery published as per the relevant Stock Exchange rules and the Client is advised to be aware of the above.
C. The complete delivery of shares sold by the Client must reach the Member within 2 days from the end of the settlement to avoid the possibility of any short deliveries and auction by the Exchange.
D. The complete payment in respect of the shares purchased/loss in speculation must reach the Member on T+1 basis, failing which 0.15% interest per day will be charged for the delayed periods.
E. The Member will intimate the rectification of all objectives and bad deliveries arising on account of shares received by the Client, if the Client take efforts to ensure that the shares are accompanied by transfer deeds, original Objection Memo issued by the companies (with in 6 months from the date of memo) and Court injunctions if any.
F. In the bad deliveries arising from the shares delivered by the Client, the Client shall be only send the Objection Memo and not the share certificate for rectification purposes except in specified cases. The Client should take care to make rectification at the earliest to avoid auction. In case of rectification of the transfer deed, Notary/Bank attestation should contain the name and address of the Notary/Bank official along with requisite stamps (Notary). In case the Client fails to rectify the bad delivery, the shares shall go for auction as per the relevant stock Exchange rules and related auction cost including other charges will be debited to the Client's account.
G. All documents and shares sent through Courier/Post shall be at the sole risk of the Client. The member's liability shall extend only till such shares are given to Post Office/Courier. This is clearly stated to avoid any further inconvenience to the Client.
H. The Client should acknowledge the Delivery Report in respect of shares send to him. Similarly the Client should also collect the duplicate copy of Delivery Report prepared by him with the Member/Authorized Person's signature for shares delivered to the Member.
I. All transactions executed by the Member shall be subject to the Rules, Byelaws and Regulations of the relevant Stock Exchange in which contract were executed.
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