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Corporate Demat Account Opening Form

The document outlines the requirements for opening a depository account for non-individuals, including necessary documents like balance sheets, shareholding patterns, and details of directors and promoters. It also specifies the schedule of charges for various depository services, including account maintenance, transaction fees, and dematerialization costs. Additionally, it includes declarations and authorizations required from the account holders and their authorized signatories.

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0% found this document useful (0 votes)
35 views16 pages

Corporate Demat Account Opening Form

The document outlines the requirements for opening a depository account for non-individuals, including necessary documents like balance sheets, shareholding patterns, and details of directors and promoters. It also specifies the schedule of charges for various depository services, including account maintenance, transaction fees, and dematerialization costs. Additionally, it includes declarations and authorizations required from the account holders and their authorized signatories.

Uploaded by

hataxe6043
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Classification | INTERNAL

Additional documents to be obtained from non-individuals,


over & above the POI & POA, as mentioned below:

I. Corporate:
a) Copy of the balance sheets for the last 2 financial years (to be submitted
every year).

b) Copy of latest share holding pattern including list of all those holding
control, either directly or indirectly, in the company in terms of SEBI takeover
Regulations, duly certified by the company secretary/Whole time director/MD
(to be submitted every year).

c) Photograph, POI, POA, PAN and DIN numbers of whole time directors/two
directors in charge of day to day operations.

d) Photograph, POI, POA, PAN of individual promoters holding control -


either directly or indirectly.

e) Copies of the Memorandum and Articles of Association and certificate of


incorporation.

f) Copy of the Board Resolution for investment in securities market.

g) Authorised signatories list, specimen signatures and photographs.


Classification | INTERNAL

MI ID : P0750

KVB Towers, Demat Cell, 2nd floor, 568, Anna Salai, Teynampet, Chennai- 600018
Ph: 044-28352228/ 9080610424. DP ID- IN303382
Classification | INTERNAL

C. OTHER DETAILS

Name, PAN, residential address and photographs of


1
Promoters/Partners/Karta/Trustees and whole time directors:

If space is insufficient, enclose these details separately


2 DIN of whole time directors:
[Illustrative format enclosed]

3 Aadhaar number of Promoters/Partners/Karta

D. DECLARATION

I/We hereby declare that the details furnished above are true and correct to the best of my/our knowledge and belief and I/we
undertake to inform you of any changes therein, immediately. In case any of the above information is found to be false or untrue or
misleading or misrepresenting, I am/we are aware that I/we may be held liable for it.

Name & Signature of the Authorised Signatory(ies) Date D D M M Y Y Y Y

==================================================================

FOR OFFICE USE ONLY

Originals verified and Self-Attested Documents copies received

Name and Signature of the


Authorised Signatory
Seal/Stamp of the
Date D D M M Y Y Y Y
intermediary
Classification | INTERNAL

Details of Promoters/ Partners/ Karta / Trustees and whole time directors forming a part of Know Your Client (KYC)
Application Form for Non-Individuals

DIN of whole
Relationship
time directors
with Applicant Residential /
Sr. /Aadhaar
Name (i.e. promoters, PAN Registered Photograph
No. number of
whole time Address
Promoters/Par
directors etc.)
tners/Karta

Name & Signature of the Authorised Signatory(ies) Date D D M M Y Y Y Y


Classification | INTERNAL

Annexure – K DP ID - IN303382
PART II – ACCOUNT OPENING FORM

(FOR NON-INDIVIDUALS)

THE KARUR VYSYA BANK LTD - DEMAT CELL Client –ID


KVB Towers, Demat Cell, 2nd Floor, 568, Anna Salai, Teynampet, Chennai- 600018. (To be filled by Participant)
Ph: 044-28352228/ 9080610424

We request you to open a depository account in our name as per the following
details: (Please fill all the details in CAPITAL LETTERS only) Date D D M M Y Y Y Y

A) Details of Account holder(s):


Name PAN

Sole/ First
Holder
Second Holder
Third Holder
B) Type of account
Body Corporate FI FII
Qualified Foreign Investor Mutual Fund Trust
Bank CM Other (Please specify)

C) For HUF, Partnership Firm, Unregistered Trust, Association of Persons (AOP) etc., although the account is opened in the name
of the karta, partner(s), trustee(es) etc., the name & PAN of the HUF, Partnership Firm, Unregistered Trust, Association of
Persons (AOP) etc., should be mentioned below:
a) Name b) PAN

D) Income Details (please specify)

Income Range per annum Networth

Below ` 20 Lac Amount (`)

and As on (date) D D M M Y Y Y Y
` 20 – 50 Lac
(Networth should not be older than 1 year)
` 50 Lac – 1 crore

Above ` 1 crore
E) In case of FIIs/Others (as may be applicable)
RBI Approval Reference Number

RBI Approval date D D M M Y Y Y Y

SEBI Registration Number (for FIIs)


F) Bank details

1 Bank account type Savings Account Current Account Others (Please specify)

2 Bank Account Number


3 Bank Name

4 Branch Address

City/town/
PIN Code
village
State Country
Classification | INTERNAL

5 MICR Code

6 IFSC

G) Please tick, if applicable, for any of your authorized Politically Exposed Person (PEP)
signatories/Promoters/Partners/Karta/Trustees/whole time
Related to a Politically Exposed Person (PEP)
directors:
H) Clearing Member Details (to be filled up by Clearing Members only)
1 Name of Stock Exchange
2 Name of Clearing Corporation/ Clearing House
3 Clearing Member ID
4 SEBI Registration Number
5 Trade Name
6 CM-BP-ID (to be filled up by Participant)
I) Standing Instructions
1 We authorise you to receive credits automatically into our account. Yes
No
2 Account to be operated through Power of Attorney (PoA) Yes
No

3 SMS Alert facility

Sr. No. Holder Yes No


1 Sole/First Holder

2 Second Holder

3 Third Holder

4 Mode of receiving Statement of Physical Form


Account [Tick any one]
Electronic Form [Read Note 3 and ensure that email ID is provided in KYC Application Form]

5 BSDA YES NO

Declaration

The rules and regulations of the Depository and Depository Participants pertaining to an account which are in force now have been
read by us and we have understood the same and we agree to abide by and to be bound by the rules as are in force from time to time
for such accounts. We hereby declare that the details furnished above are true and correct to the best of our knowledge and belief and
we undertake to inform you of any changes therein, immediately. In case any of the above information is found to be false or untrue or
misleading or misrepresenting, we are aware that we may be held liable for it. I/we acknowledge the receipt of copy of the document,
“Rights and Obligations of the Beneficial Owner and Depository Participant”.
Classification | INTERNAL

Authorised Signatories (Enclose a Board Resolution for Authorised Signatories)

Sole/First Holder Name Signature


(s)

First Signatory X

Second Signatory X

Third Signatory X

Other Holders

Second Holder X

Third Holder X

Mode of Operation for Sole/First Holder (In case of joint holdings, all the holders must sign)

Any one singly

Jointly by

As per resolution

Others (please specify)

Notes:
1. In case of additional signatures, separate annexures should be attached to the application form.
2. Thumb impressions and signatures other than English or Hindi or any of the other language not contained in the 8th Schedule of
the Constitution of India must be attested by a Magistrate or a Notary Public or a Special Executive Magistrate.
3. For receiving Statement of Account in electronic form:
I. Client must ensure the confidentiality of the password of the email account.
II. Client must promptly inform the Participant if the email address has changed.
III. Client may opt to terminate this facility by giving 10 days prior notice. Similarly, Participant may also terminate this
facility by giving 10 days prior notice.
4. Strike off whichever is not applicable.
= = = = = = = = = = = = = = = = = = = = = = = = = = == = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = =
Classification | INTERNAL

Authorisation for Debiting of Charges :

I/We hereby authorise you to debit my/our Savings/ Current Bank Account No.
with THE KARUR VYSYA BANK LTD for all the charges relating to this Depository Account.

Please treat this authorisation as irrevocable till further instruction from my/our side is received in writing and duly acknowledged by
KARUR VYSYA BANK, DEMAT CELL, CHENNAI.

Signature Signature Signature

Signature of SB/CA Account Holder/s

Acknowledgement

THE KARUR VYSYA BANK LTD


DP ID - IN 303382
nd
KVB Towers, Demat Cell, 2 Floor, 568, Anna Salai, Teynampet, Chennai- 600018.
PH – 044-28352228/ 9080610424

Received the application from M/s as the sole/first holder alongwith


and as the second and third holders respectively for
opening of a depository account. Please quote the DP ID & Client ID allotted to you (CM-BP-ID in case of Clearing Members) in all
your future correspondence.

Date : D D M M Y Y Y Y

Participant Stamp & Signature


Classification | INTERNAL

SCHEDULE OF CHARGES FOR DEPOSITORY SERVICES DP ID :IN303382


S.No FEE HEAD FEES NSDL Charges are extra at actual
Present NSDL Charges are
01 Account Opening Nil SELL: Rs.4.50/- per debit instruction.
02 Stamp Duty / Kit charges Nil (Market/ Off-Market ) Nil for commercial paper and short
03 Dematerialisation Rs.45 per certificate / Company term debt instrument.
Rs 5/- for every additional certificate
REMATERIALISATION Rs.10/- per certificate for 100
For company Rejection Rs.30 per company
shares
04 Account Maintenance ChargesResident PLEDGE CREATION Rs.25/- per instruction
Individual Rs.250/- per annum NSDL ANNUAL MAINTENANCE CHARGES Rs.500 (Additional) for
Corporate Accounts
Others (Corporates/NRIs.)
Rs.500/- per annum CONDITIONS:
05 Transaction (Market and Off Market) - Rs 25/ or 0.02% of market value which
Sell ever is higher with Maximum of Rs 500/-
1. The value of shares and charges are calculated as per NSDL formula and
rates.
+ NSDL Charges
2. There will be a charge of Rs.100/ - for dishonour of any cheque or
Buy Nil unsuccessful attempt to recover payment through direct debit or ECS. The
depository services are liable to discontinuation if KVB is unable to recover
06 Pledge creation Rs 25/ or 0.02% of market value which charges from the customer, for any reason whatsoever. In such cases, there
will be a charge of Rs.250/- for resumption of services and the services
ever is higher with Maximum of Rs 250/-
will be resumed after a minimum of three working days from the date of
+ NSDL Charges
receipt of request at KVB Demat Cell office at Chennai.
07 Pledge Closure Rs 25/ or 0.02% of market value which 3. Any service that is not indicated above will be charges separately asper the
ever is higher with Maximum of Rs.250/- rates applicable from time to time.
4. KVB reserves the rights to revise the tariff structure from time to timewith
a notice of 30 days.
08 Pledge invocation Rs.20 per transaction
5. The mentioned charges are exclusive of GST and any other charges levied
by Govt. Bodies /Statutory authorities etc from time to time.
09 Margin Pledge Initiation/Pledge Rs. 10.Per ISIN
Release/Pledge Invocation
10 REMAT Rs.20/- + NSDL Charges

12 Failed instruction/ Late charges Rs.25 per transaction

13 Client Modification Charges Adress/Bank Account change/ Nominee 16 Hold on securities for Non Disposal Nil
updation Rs. 25 Undertakings/Agreements(NDU)
14 Delivery Instruction Book ISSUANCE Rs 25 from request onwards
15 Consolidated Account Statement Actual charges as levied by NSDL

Sole/First Holder Second Holder Third Holder

SCHEDULE OF CHARGES FOR DEPOSITORY SERVICES DP ID :IN303382


S.No FEE HEAD FEES NSDL Charges are extra at actual
Present NSDL Charges are
01 Account Opening Nil SELL: Rs.4.50/- per debit instruction.
02 Stamp Duty / Kit charges Nil (Market/ Off-Market ) Nil for commercial paper and short
03 Dematerialisation Rs.45 per certificate / Company term debt instrument.
Rs 5/- for every additional certificate Rs.10/- per certificate for 100
REMATERIALISATION
For company Rejection Rs.30 per company shares
04 Account Maintenance ChargesResident PLEDGE CREATION Rs.25/- per instruction
Individual Rs.250/- per annum NSDL ANNUAL MAINTENANCE CHARGES Rs.500 (Additional) for
Corporate Accounts
Others (Corporates/NRIs.)
Rs.500/- per annum CONDITIONS:
05 Transaction (Market and Off Market) -Sell Rs 25/ or 0.02% of market value whichever
is higher with Maximum of Rs 500/- 1. The value of shares and charges are calculated as per NSDL formula and
rates.
+ NSDL Charges
2. There will be a charge of Rs.100/- for dishonour of any cheque or
Buy Nil unsuccessful attempt to recover payment through direct debit or ECS. The
depository services are liable to discontinuation if KVB is unable to recover
06 Pledge creation Rs 25/ or 0.02% of market value whichever charges from the customer, for any reason whatsoever. In such cases, there
is higher with Maximum of Rs 250/- will be a charge of Rs.250/- for resumption of services and the services
+ NSDL Charges will be resumed after a minimum of three working days from the date of
receipt of request at KVB Demat Cell office at Chennai.
07 Pledge Closure Rs 25/ or 0.02% of market value whichever
is higher with Maximum of Rs.250/- 3. Any service that is not indicated above will be charges separately as per the
rates applicable from time to time.

08 Pledge invocation Rs.20 per transaction


4. KVB reserves the rights to revise the tariff structure from time to timewith a
notice of 30 days.
09 Margin Pledge Initiation/Pledge Rs. 10.Per ISIN 5. The mentioned charges are exclusive of GST and any other chargeslevied by
Govt. Bodies /Statutory authorities etc from time to time.
Release/Pledge Invocation
10 REMAT Rs.20/- + NSDL Charges

12 Failed instruction/ Late charges Rs.25 per transaction

13 Client Modification Charges Adress/Bank Account change/ Nominee 16 Hold on securities for Non Disposal Nil
updation Rs. 25 Undertakings/Agreements(NDU)
14 Delivery Instruction Book ISSUANCE Rs 25 from request onwards
15 Consolidated Account Statement Actual charges as levied by NSDL

Sole/First Holder Second Holder Third Holder


Classification | INTERNAL

FATCA/CRS Declaration Form (For Entities)


(Foreign Account Tax Compliance Act / Common Reporting Standard)
Entity / Company
Customer ID: Name:
Mobile No :
Prefix with country code E-Mail:
Date of
*Constitution: Incorporation:
Entity Proof Type: Proof
Document No:

Business Address

PART A
Place of Incorporation:
Country of Incorporation
Country that issued the Identification Document
Country in which the Entity is Taxable
Whether any controlling person / beneficial owner is
a tax resident outside India? (If yes, specify country)

PART B
If in any of the fields under “PART A”, the ‘Country’ mentioned is other than ‘INDIA’, then either fill the details
in Part-B (i) below OR sign the self-declaration in Part-B(ii)
Part B (i)
S.No Country of Tax Tax Payer Identification Issuing Country of Specify whether column (3) is TIN
Residency # Number (TIN) / TIN / Functional / Functional Equivalent
Functional Equivalent Equivalent (5)
(1) (2) (3) (4)

# to include all countries other than India, where the entity has a point of presence.

Controlling persons / beneficial owners of the entity are mandatorily required to fill out FATCA / CRS
declaration form meant for individuals.
*Constitution :-Sole proprietorship, Partnership, Private Ltd, Public Ltd, Trust, Society, Association etc..
Classification | INTERNAL

Part B (ii) (If Part B is applicable but Part B(i) has not been filled in, kindly provide information below)

I / We confirm that the entity is not a US entity or an entity in located in any country other than India for Tax
purpose, though one or more parameters suggest the entities’ relation with the country outside India. No
controlling person / beneficial owner of the entity are resident outside India. Therefore, I/we am/are providing the
following document as proof of its incorporation in India.

Document Type

Document No Signature of authorized signatories

Declaration:
1. I / We hereby certify that I / we have declared the status of the entity as per the rules applicable under section 285BA of the
Income Tax Act, 1961 as notified by Central Board of Direct Taxes(CBDT) vide notification No.S.O.2155(E)dated 7 th August
2015 and RBI Circular No. RBI/2015-16/165.DBR.AML.BC.No.36/14.01.001/2015-16 dated 28th August 2015 in this regard.
2. I / We understand that the Bank is relying on this information for the purpose of determining the status of the applicant
named above in compliance with FATCA/CRS. I / We shall seek advice from a professional tax advisor for clarification on my
/our tax residency and its implication under FATCA / CRS.
3. I / We understand and acknowledge that as per the provisions of Income Tax Act, Rules made thereunder and guidelines
issued by the RBI in the matter, depending upon the residential status and / or other criteria stipulated therein, the Bank may
have to report the details in respect of my / our account(s) as per the prescribed format to the Central Board of Direct Taxes
(CBDT) or other Government Agencies to comply with the obligations as per the Inter-Governmental Agreements(IGA) and
common Reporting Standards (CRS) and or any other similar arrangements.
4. I / We certify that the information provided by me/us above as applicable to me /us and signed by me /us, as well as the
documentary evidence provided by me /us, is to the best of my/our knowledge and belief, true, correct and complete and
that I / we have not withheld any material information that may affect the assessment / categorization of my / our account as
a U.S Reportable Account or other Reportable Account or otherwise. In case any of the above information is found to be false
or untrue or misleading or misinterpreting, I am/ we are aware that I /we may be held liable for it.
5. I / We undertake the responsibility to declare and disclose within 30 days from the date of change, any changes that may take
place in the information provided above, as well as in the documentary evidence provided by me /us or if any certification
becomes incorrect and to provide fresh and valid self-declaration along with documentary evidence.
6. I / We agree to make good any loss that may be caused to Karur Vysya Bank Limited on account of providing incorrect or
incomplete information by me / us.

Place : Date : Signature of authorized signatories

Date : Branch: Signature & stamp of Branch Official

-------------------------------------------------------------------Tear off portion-------------------------------------------------------------

Acknowledgement
Karur Vysya Bank hereby confirms that the Bank has received FATCA / CRS declaration from Messrs.
on

Date : Branch: Signature & Stamp of Branch Official


Classification | INTERNAL
Classification | INTERNAL

TO BE ISSUED TO APPLICANT
Rights and Obligations of Beneficial Owner and Depository Participant as
prescribed by SEBI and Depositories

General Clause

1. The Beneficial Owner and the Depository participant (DP) shall be bound by the provisions
of the Depositories Act, 1996, SEBI (Depositories and Participants) Regulat ions, 1996 ,
Rules and Regulations of Securit ies and Exchange Board of India
(SEBI),Circulars/Notifications/Guidelines issued there under, Bye Laws and Business
Rules/Operating Instructions issued by the Depositories and relevant notifications of
Government Authorities as may be in force fromtime to time.

2. The DP shall open/activate demat account of a beneficial owner in the depository system
only after receipt of complete Account opening form, KYC and supporting documents as
specified by SEBI fromtime to time.

Beneficial Ownerinformation

3. The DP shall maintain all the details of the beneficial owner(s) as mentioned in the
account opening form, supporting documents submitted by them and/or any other
information pertaining to the beneficial owner confidentially and shall not disclose the
same to any person except as required by any statutory, legal or regulatory authority in this
regard.

4. The Beneficial Owner shall immediately notify the DP in writing, if there is any change in
details provided in the account opening form as submitted to the DP at the time of opening
the demat account or furnished to the DP fromtime to time.

Fees/Charges/Tariff

5. The Beneficial Owner shall pay such charges to the DP for the purpose of holding and
transfer of securities in dematerialized form and for availing depository services as may be
agreed to from time to time between the DP and the Beneficial Owner as set out in the Tariff
Sheet provided by the DP. It may be informed to the Beneficial Owner that "no charges are
payable for opening of demat accounts”

6. In case of Basic Services Demat Accounts, the DP shall adhere to the charge structure as laid
down under the relevant SEBI and /or Depository circulars / directions / notifications
issued fromtime to time.

7. The DP shall not increase any charges/tariff agreed upon unless it has given a notice in
writing of not less than thirty days to the Beneficial Owner regarding the same.

Dematerialization

8. The Beneficial Owner shall have the right to get the securities, which have been admitted
on the Depositories, dematerialized in the form and manner laid down under the Bye Laws,
Business Rules and Operating Instructions of the depositories.

Page 1 of 4
Classification | INTERNAL

Separate Accounts

9. The DP shall open separate accounts in the name of each of the beneficial owners and
securities of each beneficial owner shall be segregated and shall not be mixed up with
the securities of other beneficial owners and/or DP's own securities held in
dematerialized form.

10. The DP shall not facilitate the Beneficial Owner to create or permit any pledge and /or
hypothecation or any other interest or encumbrance over all or any of such securities
submitted for dematerialization and/or held in demat account except in the form and
manner prescribed in the Depositories Act, 1996, SEBI (Depositories and Participants)
Regulations, 1996 and Bye-Laws/Operating Instructions/Business Rules of the
Depositories.

Transferof Securities

11. The DP shall effect transfer to and from the demat accounts of the Beneficial Owner only
on the basis of an order, instruction, direction or mandate duly authorized by the
Beneficial Owner and the DP shall maintain the original documents and the audit trail of
such authorizations.

12. The Beneficial Owner reserves the right to give standing instructions with regard to the
crediting of securities in his demat account and the DP shall act according to such
instructions.

Statement of account

13. The DP shall provide statements of accounts to the beneficial owner in such form and
manner and at such time as agreed with the Beneficial Owner and as specified by
SEBI/depository in this regard.

14. However, if there is no transaction in the demat account, or if the balance has become Nil
during the year, the DP shall send one physical statement of holding annually to such Bos
and shall resume sending the transaction statement as and when there is a transaction in
the account.

15. The DP may provide the services of issuing the statement of demat accounts in an
electronic mode if the Beneficial Owner so desires. The DP will furnish to the Beneficial
Owner the statement of demat accounts under its digital signature, as governed under the
Information Technology Act, 2000. However if the DP does not have the facility of
providing the statement of demat account in the electronic mode, then the Participant
shall be obliged to forward the statement of demat accounts in physical form.

16. In case of Basic Services Demat Accounts, the DP shall send the transaction statements
as mandated by SEBI and/or Depository fromtime to time.

Mannerof Closure of Demat account

17. The DP shall have the right to close the demat account of the Beneficial Owner, for
any reasons whatsoever, provided the DP has given a notice in writing of not less than
thirty days to the Beneficial Owner as well as to the Depository. Similarly, the Beneficial
Owner shall have the right to close his/her demat account held with the DP provided no
charges are payable by him/her to the DP. In such an event, the Beneficial Owner shall

Page 2 of 4
Classification | INTERNAL

specify whether the balances in their demat account should be transferred to another
demat account of the Beneficial Owner held with another DP or to rematerialize the
security balances held.

18. Based on the instructions of the Beneficial Owner, the DP shall initiate the procedure
for transferring such security balances or rematerialize such security balances within a
period of thirty days as per procedure specified from time to time by the depository.
Provided further, closure of demat account shall not affect the rights, liabilities and
bligations of either the Beneficial Owner or the DP and shall continue to bind the parties
to their satisfactory completion.

Default in payment of charges

19. In event of Beneficial Owner committing a default in the payment of any amount
provided in Clause 5 & 6 within a period of thirty days from the date of demand, without
prejudice to the right of the DP to close the demat account of the Beneficial Owner, the
DP may charge interest at a rate as specified by the Depository from time to time for the
period of such default.

20. In case the Beneficial Owner has failed to make the payment of any of the amounts a s
provided in Clause 5&6 specified above, the DP after giving two days notice to the
Beneficial Owner shall have the right to stop processing of instructions of the
Beneficial Owner till suchtime he makes the payment along with interest, if any.

Liability of the Depository

21. As per Section 16 of Depositories Act, 1996,

1. Without prejudice to the provisions of any other law for the time being in force,
any loss caused to the beneficial owner due to the negligence of the depository or
the participant, the depository shall indemnify such beneficial owner.

2. Where the loss due to the negligence of the participant under Clause (1) above, is
indemnified by the depository, the depository shall have the right to recover the
same from such participant.

Freezing/ Defreezing of accounts


22. The Beneficial Owner may exercise the right to freeze/defreeze his/her demat
account maintained with the DP in accordance with the procedure and subject to the
restrictions laid down under the Bye Laws and Business Rules/Operating
Instructions.

23. The DP or the Depository shall have the right to freeze/defreeze the accounts of the
Beneficial Owners on receipt of instructions received from any regulator or court or
anystatutory authority.

Redressal of Investorgrievance
24. The DP shall redress all grievances of the Beneficial Owner against the DP within a
period ofthirtydays from the date of receipt of the complaint.

Page 3 of 4
Classification | INTERNAL

Authorized representative

25. If the Beneficial Owner is a body corporate or a legal entity, it shall, along with the
account opening form, furnish to the DP, a list of officials authorized by it, who shall
represent and interact on its behalf with the Participant. Any change in such list including
additions, deletions or alterations thereto shall be forthwith communicated to the
Participant.

Law and Jurisdiction

26. In addition to the specific rights set out in this document, the DP and the Beneficial
owner shall be entitled to exercise any other rights which the DP or the Beneficial
Owner may have under the Rules, Bye Laws and Regulations of the respective
Depository in which the demat account is opened and circulars/notices issued there
under or Rules and Regulations of SEBI.

27. The provisions of this document shall always be subject to Government notification,
any rules, regulations, guidelines and circulars/ notices issued by SEBI and Rules,
Regulations and Bye-laws of the relevant Depository, where the Beneficial Owner
maintains his/ her account, that may be in force from time to time.

28. The Beneficial Owner and the DP shall abide by the arbitration and conciliation
procedure prescribed under the Bye-laws of the depository and that such procedure
shall be applicable to anydisputes between the DP and the Beneficial Owner.

29. Words and expressions which are used in this document but which are not defined
herein shall unless the context otherwise requires, have the same meanings as assigned
thereto in the Rules, Bye-laws and Regulations and circulars/notices issued there under
bythe depository and /or SEBI

30. Any changes in the rights and obligations which are specified by SEBI / Depositories
shall also be brought to the notice of the clients at once.

31. If the rights and obligations of the parties hereto are altered by virtue of change in
Rules and regulations of SEBI or Bye-laws, Rules and Regulations of the relevant
Depository, where the Beneficial Owner maintains his/her account, such changes shall
be deemed to have been incorporated herein in modification of the rights and obligations
of the parties mentioned in this document.

***************************************************

Page 4 of 4

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