Investor Awareness
General terms & conditions
Account Opening
Before availing of PL services, the Client shall complete the registration process as may be prescribed from time to time. The Client shall follow the instruction given in the website and KYC documents / https://instakyc.plindia.com for registering himself as a client.
Online account opening using Digi locker is currently available only for residents of India opening accounts for an individual. When opening an account online using
...Security Precaution & Password
PL will provide the client with a username and a trading password which will enable him to avail of the facilities of Online Trading through the PL website, over the telephone or in any such other manner as may be permitted by PL for availing of the services. PL may also provide the client with the username and password for accessing its back office for various reports, etc. All terms regarding the use, reset and modification of such password shall be governed by information on the
...Orders
All orders for purchase, sale or other dealings in securities and other instructions routed through the PL’s Online Trading System via the Client’s Username shall be deemed to have been given by the Client.
The client agrees to provide information relating to customer user identification number, and such other information as may be required while placing orders on
...Trading, settlement and accounts
The client agrees that all orders placed through the website or via telephone shall be forwarded by the system to the Exchange. All orders placed otherwise than through the website or telephone shall be forwarded by the system to Exchange terminals or any other order execution mechanism at the discretion of PL. In the event that the order is placed during trading hours, it shall be routed to and executed on the market system.
Online
...Margin
The Client agrees and undertakes to immediately deposit with PL such cash, securities or other acceptable security, which PL may require as margin. The Client agrees that PL shall be entitled to require the Client to deposit with PL a higher margin than that prescribed by the Exchange. PL shall also be entitled to require the Client to keep permanently with PL a margin of a value specified by PL so long as the Client desires to avail of the Online Trading Service of PL.
The
...Maintenance of Trading Account
Money pay-in to PL – The Client agrees that all payments due to PL will be made within the specified time and in the event of any delay, PL may refuse, at their discretion, to carry out transactions or closeout the position and the costs/losses if any, thereof shall be borne solely and completely by the client. All payments made to PL shall be from the account of the client and shall not to be from any third party.
Money
...Representations & Warranties
The Client hereby warrants that he is capable of executing the present agreement and that the terms of the present are not in contravention of any rights of any party with whom such client has any agreements, at any time prior to the execution of this agreement.
He agrees to provide and continue to provide all details about themselves as may be required by PL, including but not restricted to PAN Number or Unique
...Fees & Brokerage
The Client agrees to pay PL any brokerage, commission, fees, service tax and other taxes and transaction charges as agreed upon and due from time to time, as applied to such Client’s account, transactions, and trading ledger by PL, for the services that the Client receives from PL.
All fees, brokerage, and charges on PL’s platform are subject to change from time to time, subject to complying with rules prescribed by the Exchanges and
...Investment or Any Other Advice
The Client agrees that none of the services available on the website shall amount to investment advice on the part of PL.
The Client agrees that in the event of PL or any employee or official of PL, providing any information, recommendation or advice to the client, the client may act upon the same at the sole risk and cost of the client, and PL shall not be liable or responsible for the same. PL, and its officers, directors, partners,
...Miscellaneous
PL does not warrant that the service will be uninterrupted or error-free. The service is provided in an “as is” and “as available” basis without warranties of any kind, either express or implied, including, without limitation, those of merchantability and fitness for a particular purpose. The client agrees that PL shall not be held responsible for delays in transmission of orders due to breakdown of the system or failure of communication facilities either due to the fault of the systems of PL or of the Exchanges or otherwise or for any other delay beyond the reasonable control of PL due to a breakdown or failure of communication
...Indemnity
In the event of death or insolvency of the client, winding up or liquidation, or their otherwise becoming incapable of receiving and paying for or delivering or transferring securities which the client has ordered to be bought or sold, PL 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 any surplus which may result there-from.
The
...Force majeure
PL
shall not be responsible for delay or default in the performance of their obligations due to contingencies beyond their control, such as (including but not limited to) losses caused directly or indirectly by exchange or market rulings, suspension of trading, fire, flood, civil commotion, earthquake, war, strikes, failure of the systems, failure of the internet links or government / regulatory action.Severance
In
the event of any one or more of the provisions contained in this Agreement becoming invalid, illegal or unenforceable in any respect under any law for the time being in force, the validity, legality and enforceability of the remaining provisions contained herein shall not in any way be prejudiced or affected thereto.Refund & Cancellation
The Refund & Cancellation for all payments made towards account opening or any other services using any mode of payment shall stand as under:
The Fees paid towards account opening charges for enabling equities and commodities, or any other services is non-refundable.
Pick
...Notices
All notices, correspondences or communications issued under this agreement shall be served in any one or more of the following modes of communications and such notice or communication shall be served at the ordinary place of residence and/or last known web address / residing address and / or at the ordinary business address of the party to this agreement such as by hand, delivery by post, by registered post, Under certificate of posting, By email or fax, By affixing it on the door at the last known business or residential address, By oral communication to the party or on the last known telephone number or on the
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