Investor’s Rights and Obligations from broker

Investor Rights – Right To

  • Get Unique Client Code
    (UCC) allotted
  • Get a copy of KYC and other
    documents executed
  • Get trades executed in only
    his/her UCC
  • Place order on meeting the
    norms agreed to with the Member
  • Get best price
  • Contract note for trades
    executed
  • Details of charges levied
  • Receive funds and
    securities on time
  • Receive statement of
    accounts from trading member
  • Ask for settlement of
    accounts

Investor Obligations – Under Obligation To

  • Execute Know Your Client
    (KYC) documents and provide supporting documents
  • Understand the voluntary
    conditions being agreed with the member
  • Understand the rights given
    to the Members
  • Read Risk Disclosure
    Document
  • Understand the product and
    operational framework and deadlines
  • Pay margins
  • Pay funds and securities
    for settlement on time
  • Verify details of trades
  • Verify bank account and DP
    account for funds and securities movement
  • Review contract notes and
    statement of account

Rights to Remedies

  • Take up a complaint against
    member with the Exchange
  • Take up a complaint against
    listed company
  • File arbitration against
    member if there is dispute
  • Challenge the arbitration
    award before court of law

Obligation Towards Remedies

  • Take up complaint within
    reasonable time
  • Complaint to be supported
    by appropriate documents
  • When additional information
    is called for provide the same
  • To participate in
    resolution meetings
Source: NSEINDIA

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