- Maitra Commodities (P) Ltd
is dedicated to ensure that your trading accounts remain secure and your personal
information remains private.
-
PROTECT YOUR ONLINE BROKERAGE ACCOUNT
- Beware of
fixed/guaranteed/regular returns/capital protection schemes. Brokers or their authorized
persons or any of their associates are not authorized to offer fixed/guaranteed/regular
returns/capital protection on your investment or authorized to enter into any loan agreement
with you to pay interest on the funds offered by you. Please note that in case of default of
a member claim for funds or securities given to the broker under any arrangement/ agreement
of indicative return will not be accepted by the relevant Committee of the Exchange as per
the approved norms.
- Do not keep funds idle with
the Stock Broker. Please note that your stock broker has to return the credit balance lying
with them, within three working days in case you have not done any transaction within last
30 calendar days. Please note that in case of default of a Member, claim for funds and
securities, without any transaction on the exchange will not be accepted by the relevant
Committee of the Exchange as per the approved norms.
- Check the frequency of
accounts settlement opted for. If you have opted for running account, please ensure that
your broker settles your account and, in any case, not later than once in 90 days (or 30
days if you have opted for 30 days settlement). In case of declaration of trading member as
defaulter, the claims of clients against such defaulter member would be subject to norms for
eligibility of claims for compensation from IPF to the clients of the defaulter member.
These norms are available on Exchange website at following link:
https://www.nseindia.com/invest/about-defaulter-section.
- Brokers are not permitted
to accept transfer of securities as margin. Securities offered as margin/ collateral MUST
remain in the account of the client and can be pledged to the broker only by way of ‘margin
pledge’, created in the Depository system. Clients are not permitted to place any securities
with the broker or associate of the broker or authorized person of the broker for any
reason. Broker can take securities belonging to clients only for settlement of securities
sold by the client.
- Always keep your contact
details viz. Mobile number/Email ID updated with the stock broker. Email and mobile number
is mandatory and you must provide the same to your broker for updation in Exchange records.
You must immediately take up the matter with Stock Broker/Exchange if you are not receiving
the messages from Exchange/Depositories regularly.
- Don't ignore any emails/SMS
received from the Exchange for trades done by you. Verify the same with the Contract
notes/Statement of accounts received from your broker and report discrepancy, if any, to
your broker in writing immediately and if the Stock Broker does not respond, please take
this up with the Exchange/Depositories forthwith.
- Check messages sent by
Exchanges on a weekly basis regarding funds and securities balances reported by the trading
member, compare it with the weekly statement of account sent by broker and immediately raise
a concern to the exchange if you notice a discrepancy.
- Please do not transfer
funds, for the purposes of trading to anyone, including an authorized person or an associate
of the broker, other than a SEBI registered Stock broker.”