Whereas the SUNCITY ASSOCIATES is registered as MEMBER of the ACE , ICEX & MCX
SUNCITY ASSOCIATES hereinafter referred to as MEMBER Whereas the CLIENT is desirous of investing / trading in those commodities admitted for dealing on the Exchange as defined in the Bye-Laws of the Exchange. Whereas the CLIENT has satisfied himself of the capability of the MEMBER to deal in commodities and wishes to execute his orders through him and the CLIENT shall continue to satisfy himself of such capability of the MEMBERS before executing orders through him.
Whereas the MEMBER has satisfied and shall continuously satisfy himself about the genuineness and financial soundness of the CLIENT and investment objectives relevant to the services to be provided.
Whereas the MEMBER has taken steps and shall take steps to make the CLIENT aware of the precise nature of the MEMBER'S liability for business to be conducted, including the limitations on that liability and the capacity in which it acts. In considerations of the mutual understanding as set forth in this agreement, the parties there to have agreed to the following terms and conditions.
1.MEMBER reserves the right of refusing to execute any particular transaction, and it shall be at the discretion of MEMBER to amend or charge from time as Member deems fit any of the terms and conditions recorded in this agreement.
2.MEMBER shall Charge Brokerage as per the terms decided from time to time.
3.MEMBER has the right to call for advance for the amount which MEMBER deems fit, falling which MEMBER may square off the transaction at the clients cost. The client will have to make payment when the MEMBER raises the Bill/Estimated Bill or on demand whichever is earlier while the delivery of scrips/commodities would be handed over to the client after the pay-out by the exchange subject to the receipt of clear funds from client.
4.The client shall give the delivery Instruction along with duly signed transfer slip (of respective DP) to Member within 24 hours from the allocation of delivery by the Exchange, falling which MEMBER may Charge penalty as charged by Exchange..
5.MEMBER shall not be liable for any loss which may arise if it is prevented from discharging its obligations due to any causes arising out of or related to any Act of God or Act of State, or any such unforeseen circumstances outside the control of MEMBER.
6.The MEMBER reserves the right to withhold the payment of the client arising out of dues from the company for meeting contingent liabilities arising out of his previous trades.
7.The client shall be responsible and liable to settle all the claims arising out of his trades.
8.The provision of the agreement shall always be subject to Government notifications, any rules, regulations and guidelines issued by FMC and Commodity Exchange rules, regulations and bye-laws and term and conditions of SUNCITY ASSOCIATES that may be in force from time to time.
9.In the event of death or insolvency of the CLIENT or his otherwise becoming incapable of receiving and paying for or delivering or transferring commodities/Securities which the CLIENT has ordered to be brought or sold, MEMBER 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 my surplus which result there from.
10.The agreement entered into between the MEMBER and the CLIENT shall stand terminated by mutual consent of the parties by giving at least one month written notice. Such cancellation or termination shall not have any effect in transaction executed before the data of such notice of termination and the parties shall enjoy the same rights and shall have same obligation in respect of such transaction.
11.The instructions issued by an authorized representative of the CLIENT shall be binding on the CLIENT in accordance with the letter authorizing the said representative to deal on behalf of the CLIENT.
12.The Exchange may cancel a trade sub-moto without giving any reason thereof. In the event of such cancellation, MEMBER shall be entitled to cancel relative contract(s) with CLIENT.
13.All the 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 respective Exchanges and the parties to such trade shall be deemed to have submitted to the jurisdiction of the courts in jodhpur for the purpose of giving effect to the provisions of the Rules and Regulations of the Exchange.
14.The MEMBER hereby undertakes to maintain the details of the CLIENT as mentioned in the CLIENT registration from or any other information pertaining to the CLIENT, in confidence and that he shall not disclose the same to any person/ entity except as required under the law. Provided however, that the broker shall be allowed to share the details of the CLIENT as mentioned in the CLIENT registration from or any other information pertain to the CLIENT with parties/ entitles other than required under the law with the express permission of the CLIENT.
Name of Commodity Broker :SUNCITY ASSOCIATES, Trading Member :SUNCITY ASSOCIATES