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“Prevent unauthorised transactions in your account. Update your mobile numbers / email IDs with your stock brokers. Receive information of your transactions directly from the Exchange on your mobile / email at the end of the day. Issued in the interest of investors.”

This is to inform you that our CM BP ID is IN548066 NSE & IN645836 BSE.

Policies & Procedure

Mandatory. In order to ensure proper compliance with various Notices / Circulars / Guidelines issued by SEBI / Exchanges and uniformity, Anant Investments Pvt. Ltd. has prescribed the Policies & Procedure as under for guidance of all employees in HO / all Branches, which is to be strictly followed by all.

[1] Refusal of orders for penny stocks

JLS does not encourage trading in penny stocks or securities falling in T2T or Z group of BSE and NSE. Member reserves its right to refuse orders in such securities from the clients desiring to deal in such shares, stocks, securities. Under exceptional circumstances and considering merits on case to case basis, trading in penny stocks / T2T / Z category would be allowed to clients on delivery basis subject to stringent verifications of client holdings, intentions and bonafide reasons given by the intending clients.

There is no formal list of the “Penny Stocks” issued by the Exchanges / SEBI. However there are shares of certain companies which are called known as “Penny Stocks” in the Market. These shares may be part of the list of “illiquid stocks” issued by the Exchanges from time to time but not necessarily so in all cases. As dealing in these stocks (in physical form or demat form) is risky the Company (as a stock broker) may decline to carry out Buy / Sale Order/s of any client for so called “Penny Stock”.

[2] Setting up of Client’s Exposure limits

The Company will fix the limit in value for each and every for which Buy / Sell Order’s of any particular Client will be executed in normal course based on “Income level” for the year confirmed by the Client / Sub broker / Remiser and other considerations. The Company will not disclose the rational / logic of their decision (about fixation of the monetary limit). However if requested by the Client for any specific transaction/s to be carried out as a special case then it may be considered on merit.

[3] Applicable Brokerage Rate

At present SEBI permits maximum brokerage @2.5%. The Company charge brokerage to their Clients at the rate/s below this maximum limit. Each client will be intimated the rate at which brokerage will be charged to him / her / it. This rate will be revised by the Company based on volume of the Client’s business / market conditions / other relevant factors. Any change in the rate of brokerage will be intimated to the Client.

[4] Imposition of penalty / delayed payment charges by either party - Rate / Period

All Clients other than those who have agreed to have a “Running Account” with the Company will have to make payments due to the Company on due dates so in all cases if payment is not made to the Company on due date after considering three working days as Grace period company can sell clients out standing to clear its debit. If any Client fails to pay on due date on more than three occasions in any three months period the Company may consider to deregister that particular Client.

The Company will make payments to all clients other than those who have agreed to have “Running Account” on due date. However all concerned employees are hereby warned to ensure that there is no default in payment by the Company to any client on due date as stated above. If there is any problem in complying with this instruction the matter should be immediately be brought to the attention of the Managing Director / Director.

[5] The right to sell client’s securities or close client’s position, without giving notice to the client, on account of non payment of client’s dues

In case any particular Client has failed to make payment on due date then the Company will sell that particular client’s securities or close that particular client’s position, without giving notice to the client on account of non-payment of dues.

[6] Shortages in obligations arising out of internal netting of trades

In case of BSE, shortages arising out of internal netting of trades the member will purchase the shares on the payout day of the purchase settlement (shortage) and the rate at which the purchases are made will be the price considered for accounting effects.

In case of NSE, shortages arising out of internal netting of trades, same procedure is applicable as of BSE. In case of shortages due to Internal Netting of trades if the Company is required to pay any penalty to the Exchange/s it will be charged to the Client concerned.

[7] Conditions under which a client may not be allowed to take further position or broker may close the existing position of a client

It is to be noted that under following circumstances any client will not be allowed to take further position or the Company may close that particular Client’s position:

  1. if the particular Client is a Defaulter of amount due to the Company;
  2. Value of the Collateral is not sufficient to meet the Losses incurred by the Client;
  3. If according to the Company Market Conditions has turned or likely to turn unfavorable based on the information available or its is the view of the matter taken by the Company;
  4. that particular Client is barred from Trading on the Exchange/s by SEBI / Exchange/s;
  5. Political / financial instability in the country or otherwise.

[8] Temporarily suspending or closing a client’s account at the client’s request

It is to be noted that under following circumstances any particular Client’s Account may be Suspended / Closed:

  1. On receipt of Written Instruction from that particular Client;
  2. that particular Client is barred from Trading on the Exchange/s by SEBI / Exchange/s;
  3. The particular Client who has defaulted in making payment on due date to the Company;
  4. on receipt of any adverse information by the Company about the particular Client.

[9] De-Registering a client

It is to be noted that any particular Client/s who is/are covered under any of the following category will be deregistered at our discretion:

  1. that particular Client/s is/are barred from Trading on the Exchange/s by SEBI / Exchange/s;
  2. The particular Client who has defaulted in making payment on due date to the Company;
  3. on receipt of any adverse information about the particular Client;
  4. The Client NOT trading through the Company continuously for more than 12 months;
  5. The death of the client.

[10] Treatment of Inactive Accounts

Client having no trades during last financial year (excluding those who have registered during last financial year) will be treated as inactive clients and their status will be marked accordingly in to back office system after settling dues and returning collaterals if any. Re activation of such clients will be done only after due diligence by concerned authorities. I/We have read, understood the above and state that I will strictly abide by the condition laid in this policy.