In compliance with recent circulars issued by SEBI and Exchanges, we wish to apprise you of the Most Important Terms and Conditions (MITC). Please ac…

In compliance with recent circulars issued by SEBI and Exchanges, we wish to apprise you of the Most Important Terms and Conditions (MITC). Please acquaint yourself with these essential terms and conditions, designed to safeguard your interests as an investor.

  • Your trading account has a "Unique Client Code" (UCC), different from your demat account number. Do not allow anyone (including your own stock broker, their representatives, and dealers) to trade in your trading account on their own without taking specific instructions from you for your trades. Do not share your internet/ mobile trading login credentials with anyone else.
  • You are required to place collaterals as margins with the stock broker before you trade. The collateral can either be in the form of funds transfer into specified stock broker bank accounts or margin pledge of securities from your demat account. The bank accounts are listed on the stock broker website. Please do not transfer funds into any other account. The stock broker is not permitted to accept any cash from you.
  • The stock broker is obligated to deposit all funds received from you with any of the Clearing Corporations duly allocated in your name. The stock broker is further mandated to return excess funds as per applicable norms to you at the time of quarterly/ monthly settlement. You can view the amounts allocated to you directly at the website of the Clearing Corporation(s).
  • You will get a contract note from the stock broker within 24 hours of the trade.
  • You may give a one-time Demat Debit and Pledge Instruction (DDPI) authority to your stock broker for limited access to your Demat account, including transferring securities, that are sold in your account for pay-in.
  • The stock broker is expected to know your financial status and monitor your accounts accordingly. Do share all financial information (e.g. income, net worth, etc.) with the stock broker as and when requested for. Kindly also keep your email ID and mobile phone details with the stock broker always updated.
  • In case of disputes with the stockbroker, you can raise a grievance on the dedicated investor grievance ID of the stockbroker. You can also approach the stock exchanges and/or SEBI directly.
  • Any assured/guaranteed/fixed returns schemes or any other schemes of similar nature are prohibited by law. You will not have any protection/recourse from SEBI/stock exchanges for participation in such schemes.
  • You can refer to the circulars below for further details - BSE | NSE | MCX | NCDEX | SEBI

    For any queries, please visit our support page

    Stock sub-division or stock split is a corporate action in which a company increases the number of its outstanding shares by issuing more shares to i…

    Stock sub-division or stock split is a corporate action in which a company increases the number of its outstanding shares by issuing more shares to its existing shareholders.

    As per a recent BSE circular, 1 equity share of BHAGIRADHA CHEMICALS & INDUSTRIES LTD.  (Scrip Code: 531719) will be sub-divided into 10 equity shares. The key dates for the same are as follows:

    Company NameSymbolSub-division RatioRecord DateEx-split Date
    BHAGIRADHA CHEMICALS & INDUSTRIES LTD. BHAGCHEM1:1002-May02-May

    Refer: BSE Circular

    Bonus Issue is one of the corporate actions where a company issues bonus shares as new or additional shares, free of cost and in proportion to the sh…

    Bonus Issue is one of the corporate actions where a company issues bonus shares as new or additional shares, free of cost and in proportion to the shares held by the shareholder.

    As per the recent BSE circular, Nidhi Granites Ltd. (Scrip Code: 512103) is issuing 1 bonus shares for every 1 existing share. The key dates for the bonus Issue are as follows:

    Company NameSymbolRecord dateEx-Bonus basis from Date 
    NIDHI GRANITES LIMITEDNIDHGRN02-May02-May

    Refer: BSE Circular

    As per a recent circular, w.e.f. 24-Apr-2024 Futures and Options contracts on the Nifty Next 50 Index shall be made available for trading in the Futu…

    As per a recent circular, w.e.f. 24-Apr-2024 Futures and Options contracts on the Nifty Next 50 Index shall be made available for trading in the Future & Options segment. The settlement procedure and details shall be intimated separately by the respective clearing corporations.

    The relevant information about the monthly futures and options contracts is as follows:

    Particulars FuturesOptions
    SymbolNIFTYNXT50NIFTYNXT50
    InstrumentFUTIDX OPTIDX 
    Tick Size (Price Steps)Re 0.05Re 0.05
    Contract Size (Lot Size) 1010
    Trading Cycle3 serial monthly contracts3 serial monthly contracts
    Expiry DayLast ‘Friday’ of the expiry month for the monthly. If the last ‘Friday’ is a trading holiday, then the expiry day is the previous trading dayLast ‘Friday’ of the expiry month for the monthly. If the last ‘Friday’ is a trading holiday, then the expiry day is the previous trading day
    Strike Scheme -Strike Interval of 100 with strikes 40 1 40 and Strike Interval of 500 with strikes 20 1 20 (Including 500 strikes due to strike interval of 100)
    Option Type -Call European (CE) and Put European (PE)
    SettlementCash Settled Cash Settled 
    Daily Settlement PriceClosing price of the futures contract. If illiquid, then the theoretical price will be considered -
    Final Settlement Price Index closing value on the last trading day Index closing value on the last trading day
    Price Band An operating range of 10% of the base price A contract specific price range based on its delta value is computed and updated daily
    Quantity Freeze600600
    Spread ContractsM1-M2; M1-M3; M2-M3 -

    Please note on 24-Apr-2024, the following expiry cycle will be available:

    Expiry CycleExpiry Day 
    May-2024 May 31, 2024
    June-2024 June 28, 2024
    July-2024 July 26, 2024

    Further note that all the existing clearing and settlement procedures along with the extant risk management measures adopted for futures and options contracts such as initial margins, minimum margins, position limits, etc., including the right of Clearing Corporation to close out positions shall apply mutatis mutandis to these contracts also. 

    Refer: NSE Circular | NSE Circular

    As per a recent circular, the name and symbol of L&T Finance Holdings Ltd. (Scrip code: 533519) will be changed as follows w.e.f 23-Apr-24. …

    As per a recent circular, the name and symbol of L&T Finance Holdings Ltd. (Scrip code: 533519) will be changed as follows w.e.f 23-Apr-24.

    Existing Symbol New Symbol Existing Name of the CompanyNew Name of the  Company
    L&TFHLTFL&T Finance Holdings Ltd.L&T Finance Ltd.

    Refer: BSE Circular 

    Bonus Issue is one of the corporate actions where a company issues bonus shares as new or additional shares, free of cost and in proportion to the sh…

    Bonus Issue is one of the corporate actions where a company issues bonus shares as new or additional shares, free of cost and in proportion to the shares held by the shareholder.

    As per the recent BSE circular, The Anup Engineering Ltd. (Scrip Code: 542460) is issuing 1 bonus share for every 1 existing share. The key dates for the bonus Issue are as follows:

    Company NameSymbolRecord dateEx-Bonus basis from Date 
    The Anup Engineering Ltd.ANUP24-Apr24-Apr

    Refer: BSE Circular

    Stock sub-division or stock split is a corporate action in which a company increases the number of its outstanding shares by issuing more shares to i…

    Stock sub-division or stock split is a corporate action in which a company increases the number of its outstanding shares by issuing more shares to its existing shareholders.
    As per a recent BSE circular, 1 equity share of Bharat Bijlee Ltd. (Scrip Code: 503960) will be sub-divided into2 equity shares. The key dates for the same are as follows:

    Company NameSymbolSub-division RatioRecord DateEx-split Date
    Bharat Bijlee Ltd.BBL1:224-Apr24-Apr

    Refer: NSE Circular

    As per a BSE circular, Mahalaxmi Rubtech Ltd. will demerge w.e.f. 19-Apr-24.  Due to this demerger, 1 equity share of Mahalaxmi Fabric Mill…

    As per a BSE circular, Mahalaxmi Rubtech Ltd. will demerge w.e.f. 19-Apr-24. 

    Due to this demerger, 1 equity share of Mahalaxmi Fabric Mills Ltd. will be issued for every 1 equity share held in Mahalaxmi Rubtech Ltd. and 1 equity share of Globale Tensile Ltd. will be issued for every 1 equity share held in Mahalaxmi Rubtech Ltd.

    Name of CompanySymbolScrip Code
    Mahalaxmi Rubtech Ltd.MHLXMIRU514450

    Refer: BSE Circular 

    Bonus Issue is one of the corporate actions where a company issues bonus shares as new or additional shares, free of cost and in proportion to the sh…

    Bonus Issue is one of the corporate actions where a company issues bonus shares as new or additional shares, free of cost and in proportion to the shares held by the shareholder.

    As per the recent BSE circular, Shukra Pharmaceuticals Ltd. (Scrip Code: 524632) is issuing 3 bonus shares for every 1 existing share. The key dates for the bonus Issue are as follows:

    Company NameSymbolRecord dateEx-Bonus basis from Date 
    Shukra Pharmaceuticals Ltd.SHUKRAPHAR20-Apr19-Apr

    Refer: BSE Circular

    Bonus Issue of Naapbooks Ltd.

    Bonus Issue is one of the corporate actions where a company issues bonus shares as new or additional shares, free of cost and in proportion to the sh…

    Bonus Issue is one of the corporate actions where a company issues bonus shares as new or additional shares, free of cost and in proportion to the shares held by the shareholder.

    As per the recent BSE circular, Naapbooks Ltd. (Scrip Code: 543351) is issuing 2 bonus shares for every 1 existing share. The key dates for the bonus Issue are as follows:

    Company NameSymbolRecord dateEx-Bonus basis from Date 
    Naapbooks Ltd.NBL19-Apr19-Apr

    Refer: BSE Circular