Client represents that Client will download the relevant document promptly after receiving notice of its availability. Any order accepted without free stock balance in the account would be deemed a short sale. Short Sales can be settled by squaring off the trade within same trade cycle. Client agree and understand that if Client do not put order to square off the position by the stipulated time before the close of market hours on the last day of the trading cycle, we have all rights to square off the position on the same day or on any later date. Client agree that Client will maintain such securities and other property in their account as collateral as required by all applicable statutes, rules, regulations, procedures or as we deem necessary or advisable.
Client agrees to promptly satisfy all margin and maintenance calls.
In addition, Client understands and agrees that we may exercise any or all of the above rights without demand for additional collateral, or notice of sale or purchase, or other notice or advertisement. It is understood that our giving of any prior demand or call or prior notice of the time and place of such sale or purchase shall not be considered as a waiver of our legal right to sell or buy without any such demand, call or notice. In case of Margin Trades, if the open position is neither squared off nor converted to Delivery by client within the stipulated time. In all other cases where the margin or security placed by the client falls short of the requirement or where the limits given to the client has been breached or where the client has defaulted on his existing obligation. 6 characters long and shall consist of a mix of alphabets and numbers which must not relate to any readily accessible personal data such as the Client's name, address, telephone number, driver license etc, or easily deduced combination of letters and numbers.