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Asit C. Mehta Investment Interrmediates Limited,
"Nucleus House", Saki Vihar Road, Andheri (E), Mumbai 400072. INDIA.
Ref: Authorization to maintain running accounts for transactions and retention of securities and funds for my client code ___________
This has reference to the SEBI circular MIRSD/SE/Cir-19/2009 dated Dec 03, 2009, Exchange Circular NSE/INSP/13606 dated Dec 03, 2009, clarification circulars NSE/INSP/14048 dated Feb 03, 2010 and NSE/INSP/21651 dated Sep 07, 2012, regarding settlement of running accounts of clients.
I/We request you to settle my/our account on a monthly/ quarterly basis. (Strike off whichever is not applicable).
I/We hereby authorize you to maintain running account(s) for my/our transactions executed through Asit C. Mehta Investment Interrmediates Limited on any of the stock exchanges/segment for both securities and funds with you. I/We also request you to consider the balances in my/our running fund/securities account with you for the purpose of margins/ all trade related liabilities due to you. I/we further authorize you to retain securities and funds upto Rs.10,000/- (net amount across segments and across
Stock Exchanges) as permitted by Stock Exchanges while settling my/our account. I/We also authorize Asit C. Mehta Investment Interrmediates Limited to consider the funds/securities so retained by Asit C Mehta Investment Interrmediates Limited towards collateral margin and for allowing enhanced gross exposure to me/us. I/We agree that Asit C Mehta Investment Interrmediates Limited shall not be liable for any claim for loss or loss of profit, or for any consequential, incidental, special or exemplary damages, or otherwise, caused by retention of such securities/funds.
Additionally the funds and securities due to me/us may be released in the interim, on my/our specific request.
I/We understand and agree that no interest will be payable to me/us on the amount of securities and funds as retained with you.
The authorization may be revoked by me/us at any time by giving prior written intimation to Asit C. Mehta Investment Interrmediates Limited.