The client agrees that all orders placed through the website shall be forwarded
by the system to the Exchange. All orders placed otherwise than through the website
shall be forwarded by the system to Exchange terminals or any other order execution
mechanism at the discretion of ACHINTYA. In the event that the order is placed during
the trading hours, it shall be routed to and executed on the market system.
Online confirmation will be sent to the client by electronic mail or SMS after the
execution of the order, trade and this shall be deemed to be valid delivery thereof
by ACHINTYA. It shall be the responsibility of the client to review immediately
upon receipt, whether delivered to him by electronic mail or any other electronic
means all confirmations of order, transactions, or cancellations. It shall be the
responsibility of the client to follow up with ACHINTYA for all such confirmations
that are not received by him within a stipulated time.
The client shall bring any errors in any report, confirmation or contract note of
executed trades (including execution prices, scripts or quantities) to ACHINTYA’s
notice in writing by an electronic mail or fax within twenty four hours of receipt
of the concerned report, confirmation or contract note. Any other discrepancy in
the confirmation or account shall be notified by the client to ACHINTYA in writing
via electronic mail or fax within twenty four hours from the time of receipt of
the first notice. In all cases, ACHINTYA shall have a right to accept or reject
the client’s objection.
There may be a delay in ACHINTYA receiving the reports of transaction, status, from
the respective exchanges or other persons in respect of or in connection with which
ACHINTYA has entered into contracts or transactions on behalf of the clients. Accordingly
ACHINTYA may forward to the client late reports in respect of such transactions
that were previously unreported to him as been expired, cancelled or executed. The
client shall not hold ACHINTYA responsible for any losses suffered by the client
on account of any late reports, statements or any errors in the report / statements
computed by or received from any exchange.
The client agrees that if, for any circumstance or for any reason, the markets close
before the acceptance of the Order by the Exchange, the order may be rejected. The
client agrees further, that ACHINTYA may reject Orders if the same are rejected
by the Exchange for any reason. In case of rejection of an order due to rejection
by the Exchange, the client agrees that the order shall remain declined and shall
not be re-processed, in any event.
ACHINTYA may, at its sole discretion, reject any order placed on the website or
in any other manner due to any reason, including but not limited to the non-availability
of funds in the trading account of the client, non-availability of securities in
the Demat account of the client with a designated depository participant, insufficiency
of margin amount if the client 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.
The client agrees that, if the order is not accepted on the website for any reason,
ACHINTYA shall have the right to treat the order as having lapsed.
The client is aware that the electronic trading systems either at the Exchange or
in the office of ACHINTYA offices are vulnerable to temporary disruptions, breakdowns
or failures. In the event of non- execution of trade orders or trade cancellation
due to the happening of such events or vulnerabilities due to failure / disruption
/ breakdown of system or link, ACHINTYA shall be entitled to cancel relative request/(s)
with the Client and shall not be liable to execute the desired transactions of the
client’s. In such event, ACHINTYA does not accept responsibility for any losses
incurred / that may be incurred by the Client due to such eventualities which are
beyond the control of ACHINTYA.
ACHINTYA may at its sole discretion permit execution of orders in respect of securities,
irrespective of the amount in the balance of the account of the client.
The client agrees to abide with and be bound by all the rules, regulations and bye-laws
of the Exchange as are in force pertaining to the transactions on his behalf carried
out by ACHINTYA and the orders placed by him on the website or any other manner.
ACHINTYA shall not be responsible for any order, that is made by the Client by mistake
and every order that is entered by the Client through the use of the allotted user
name and the security code(s) shall be deemed to be a valid order for which the
Client shall be fully responsible.
Cancellation or modification of an order pursuant to the client’s request in that
behalf is not guaranteed. The order will be cancelled or modified only if the client’s
request for cancellation and modification is received and the order is successfully
cancelled or modified before it is executed. Market orders are subject to immediate
execution wherever possible.
The client shall not be entitled to presume an order having been executed, cancelled
or modified until a confirmation from ACHINTYA is received by the client. However,
due to technical other factors the confirmation may not be immediately transmitted
to or received by the client and such a delay shall not entitle the client to presume
that the order has not been executed cancelled or modified unless and until ACHINTYA
has so confirmed in writing.
The pending orders shall be governed as per the exchange systems, after the market
is closed for the day.
ACHINTYA shall issue contract notes in terms of the SEBI (Brokers and Sub-Brokers)
Rules and Regulations, 1992, within 24 hours of the execution of the trade. Such
a contract note, if issued in physical form shall be dispatched by ACHINTYA by courier,
at the address mentioned in this agreement or at any other address expressly informed
to ACHINTYA by the client. The client agrees that ACHINTYA to issue the contract
note in digital form which shall be sent by way of electronic mail to the address
provided by the client. ACHINTYA shall not be responsible for the non-receipt of
the trade confirmation due to any change in the correspondence address of the Client
not intimated to ACHINTYA in writing. Client is aware that it is his responsibility
to review the trade confirmations, the contract notes, the bills or statements of
account immediately upon their receipt. All such confirmations and statements shall
be deemed to have been accepted as correct if the client does not object in writing
to any of the contents of such trade confirmation/intimation within 24 hours to
ACHINTYA may allow/disallow client from trading in any security or class of securities,
or derivatives contracts and impose such conditions including scrip-wise conditional
trading for trading as it may deem fit from time to time.