Background

REGULATORY INFORMATION

Rights and Obligations of Beneficial Owner and Depository Participant

As prescribed by SEBI and Depositories

Aaritya Broking Private Limited
CIN: U66120KA2023PTC180274
Email: customercare@sahi.com
Registered Office: 3rd Floor, Brigade Metropolis Summit B, Whitefield, Mahadevapura, Bangalore, Karnataka, 560048

General Clause

  1. The Beneficial Owner and the Depository Participant (DP) shall be bound by the provisions of the Depositories Act, 1996, SEBI (Depositories and Participants) Regulations, 2018, SEBI Rules and Regulations, Circulars/Notifications/Guidelines issued thereunder, Bye-Laws and Business Rules/Operating Instructions issued by the Depositories and relevant Government notifications as may be in force from time to time.
  2. The DP shall open/activate demat account of a Beneficial Owner only after receipt of complete account opening form, KYC and supporting documents as specified by SEBI.

Beneficial Owner Information

  1. The DP shall maintain confidentiality of all details of the Beneficial Owner and shall not disclose the same except as required by statutory, legal or regulatory authority.
  2. The Beneficial Owner shall immediately notify the DP in writing of any change in details provided in the account opening form.

Fees / Charges / Tariff

  1. The Beneficial Owner shall pay charges for holding and transfer of securities and availing depository services as agreed in the Tariff Sheet. No charges are payable for opening demat accounts.
  2. In case of Basic Services Demat Accounts, the DP shall adhere to charge structures as laid down by SEBI/Depository circulars.
  3. The DP shall not increase charges unless thirty days prior written notice is given to the Beneficial Owner.

Dematerialization

  1. The Beneficial Owner has the right to get securities admitted in the Depositories dematerialized as per prescribed procedures.

Separate Accounts

  1. The DP shall open separate accounts for each Beneficial Owner and ensure segregation of securities.
  2. The DP shall not permit pledge, hypothecation or encumbrance except in accordance with Depositories Act, SEBI Regulations and Bye-Laws.

Transfer of Securities

  1. The DP shall transfer securities only on duly authorized instruction of the Beneficial Owner and maintain audit trail.
  2. The Beneficial Owner may give standing instructions for crediting of securities.
  3. The stock broker / DP shall not compel clients to execute PoA or DDPI or deny services if refused.

Statement of Account

  1. The DP shall provide statements of account as specified by SEBI/Depository.
  2. If no transaction or Nil balance during the year, one annual physical statement shall be sent.
  3. Statements may be issued electronically under digital signature as per IT Act, 2000.
  4. For Basic Services Demat Accounts, transaction statements shall be sent as mandated.

Manner of Closure of Demat Account

  1. The DP may close the demat account with thirty days written notice. The Beneficial Owner may close the account provided no charges are payable. The Beneficial Owner must specify transfer or rematerialization of balances.
  2. The DP shall initiate transfer or rematerialization within thirty days as per depository procedure.

Default in Payment of Charges

  1. If payment default continues beyond thirty days, the DP may charge interest as specified by Depository.
  2. After two days notice, the DP may stop processing instructions until dues are cleared.

Liability of the Depository

  1. As per Section 16 of Depositories Act, 1996, any loss caused due to negligence of the depository or participant shall be indemnified by the depository.
  2. If loss is due to participant negligence, the depository may recover from the participant.

Freezing / Defreezing of Accounts

  1. The Beneficial Owner may freeze/defreeze demat account as per procedure.
  2. The DP or Depository may freeze/defreeze account on instructions from regulator, court or statutory authority.

Redressal of Investor Grievance

  1. The DP shall redress grievances within thirty days of receipt.

Authorized Representative

  1. If the Beneficial Owner is a body corporate, authorized officials list shall be furnished and updated as necessary.

Law and Jurisdiction

  1. Parties may exercise additional rights under Depository Rules, Bye-Laws and SEBI Regulations.
  2. Provisions remain subject to Government notifications and SEBI/Depository regulations in force.
  3. Arbitration and conciliation procedures under Depository Bye-Laws shall apply to disputes.
  4. Undefined words shall have meanings assigned under relevant Rules and Regulations.
  5. Any SEBI/Depository changes in rights and obligations shall be notified to clients.
  6. Changes in SEBI/Depository regulations shall be deemed incorporated herein.