1. Sub-broker code allotted to you is to be stamped in the Sub-broker's Code column on the application forms supplied to you. No claim for sub-brokerage will be entertained if you do not affix Sub-broker code allotted to you on the forms. We are not liable for any errors in sub-broker code column, which may arise on account of incorrect information as per the allotment statements provided to us in any issue.
2. All Sub-brokerages are inclusive of all applicable tax: TDS & GST.
3. Sub-brokerage and Incentive will be paid at rates specified, on our receiving the same from the Company and on the basis of Sub-broker wise allotment statement furnished. Incentives will be communicated to you for select issues on a case to case basis.
4. We shall endeavor to provide the following services:
a) Upto date information and a detailed list of public issues open for subscription and the rate of Sub-brokerage payable thereon.
a) Payment of Sub-brokerage in respect of all applications collected by you using our forms.
5. Sub-brokerage will be paid at rates specified by Cheque in the name of the sub-broker (and not to any nominee or other person) and will be marked Account payee payable at Mumbai. In case of outstation sub-brokers, Sub-brokerage will be paid by DD (Net of charges).
6. Change in agency code or name will not be allowed except at our sole discretion. In case such requests will not be entertained in respect of business already canvassed and submitted to us. Clubbing of sub-broker codes is not permissible except at our sole discretion.
7. We reserve the rights to discontinue this appointment without assigning any reason at any point of time. We also reserve the right to alter, amend, add, delete and modify any of the above mentioned terms and conditions. In case of any ad-hoc revision in rates of brokerage payable to us by any issuer sub-brokerage rates payable to all sub-brokers will automatically stand revised from such date. In case of premature withdrawal of deposits, proportionate sub-brokerage will be recovered from the Sub-broker.
8. All applications should be collected by means of Account Payee Cheque/ DD made payable to the Company / Bankers as specified on the Application Form. We have not authorized any sub-broker to accept cash / money orders, postal orders or any other form of remittance on our behalf. We are not liable for any such transaction entered into which involve handling of CASH.
9. Sub brokerage will be paid as per the regulation guidelines.
10. All disputes subject to MUMBAI jurisdiction. Incomplete forms are liable for rejection.