Policies and Procedures

Shree Kanha Stock Broking Pvt Ltd

Shree Kanha Stock Broking Pvt Ltd is a member of the National Stock Exchange, Bombay Stock Exchange in the Equity, Equity Derivatives segment, Currency Derivatives segment.

Margins

Cash Segment-Clients are required to have sufficient balance in their accounts to hold/carry forward positions. One needs to have sufficient funds into their account to take delivery of shares. Futures and Options Segment- Clients are required to have sufficient balance in their accounts to hold/carry forward positions.

Payin/Payout obligations of funds

Clients can transfer funds into the trading Account only from bank accounts which are registered with Shree Kanha Stock Broking Pvt Ltd. Any transfer from a non-registered bank account will not be considered and the client will not get any credit limit. The client can transfer funds from the instant payment gateway facility available on the trading platform. Such transfers will be charged at ₹9+GST per transfer. Transfers via NEFT/RTGS/IMPS or UPI shall have no charge. All payouts will have to be placed on the backoffice. All payout requests will be processed electronically and credited to the client’s primary bank account within 24 hours of the process. Payout requests for equity and currency will be processed at 6 PM on working days. Payout request placed after 6 PM, will be processed on the next working day. Payout requests would not be taken on Saturday and Sunday.

Intraday Square Off Timings - Equity-3 20 PM Equity derivatives - 3 20 PM Currency derivatives - 4 45 PM Note: Intraday square off timings can change based on the discretion of the RMS team. Call & Trade charge of 25+ GST

Auto square off charges of Rs.30+GSTwill be applicable for all positions squared off. If any intraday position or trade is not squared off on the same day due to any link or system failure or any risks associated with internet/wireless based trading which may occur at the end of the client, Shree Kanha Stock Broking Pvt Ltd or the respective Exchange, it shall be treated as CNC or NRML position and carried forward to the next trading day. In case of such a situation arising, the onus of squaring off the position will be on the Client. Our RMS team shall square off any such position if the necessary cash is not available in the client's account. Losses in any situations would not be reimbursed.

Collateral margins

Margins will be provided after the applicable haircut rate. This can be seen on our mobile app, trade terminals under collaterals and limits. This margin after haircut can be used for taking intraday or overnight positions in futures, and for writing options of equities, indices, and currencies. You will not be able to use this margin to buy options or take further positions on the equity segment. Exchanges stipulate that for overnight F&O positions, 50% of the margin needs to compulsorily come in cash and the remaining 50% can be in terms of collateral margin. If you don’t have enough cash, your account will be in debit balance and there will be an delayed payment charge of 0.05% per day applicable on the debit amount. Liquid bees are considered as cash equivalents by the exchange, so the above 50% rule wouldn’t apply. Shree Kanha Stock Broking Pvt Ltd reserves the right to liquidate any stock in case debit arises in the client's account and subsequent non payment of such debits. We reserve the right to make any changes in the policy without due intimation to the client.

Contract notes and margin statement

We will issue contract notes & margin statements to the clients within 24 hours of the trade taking place. Along with the contract note, the client shall also be sent a copy of the daily margin statement.

General Terms
• Option premium received from writing options will not be considered as cash.
• Positions without sufficient funds can be cut any time at the discretion of our RMS team.
• Any open positions can be squared off at the discretion of our RMS team, if the funds available in the account are short of exchange specified margins. During times of extreme volatility, the loss could be more than the funds available in your account before the position is squared off. All resulting charges or losses that might occur from such square offs will have to be borne by the client.
• Collaterals will not be considered for equity delivery positions.
• Penalties levied by the exchange for short margin will be payable by the client.
• Clients will have to ensure all intraday products are closed by the EOD.
• Payments will only be accepted from the client’s registered bank account.

Privacy Policy
• We, at Shree Kanha acknowledge and accept that the personal details that you impart to us, is to be kept in strict confidentiality and to use the information only in the manner which would be beneficial to our customers. We consider our relationship with you as invaluable and strive to respect and safeguard your right to privacy.
• We shall protect the personal details received from you with the same degree of care to prevent the unauthorized use, dissemination, or publication of these information as we protect our own confidential information of a like nature.
• We shall use the personal information to improve our service to you and to keep you updated about our new product or information that may be of interest to you. The information collected from you would be used in the right spirit and context in which it is intended to be used. Your information would be used by us to process your trading request and to carry out the settlements of your obligations.
• We would ensure that we collect personal information only to the extent it is necessary to administer our services in the best possible manner and what is required under the various regulations of Indian Laws. To ensure high quality services and high degree of value addition to you, we may combine the information given by you on the web or through other channels.
• We would also impart your personal information wherever it is required to be disclosed under law to any of the governmental agency or regulatory bodies.
• We ensure that the personal information given to us by you on the web is placed in the secured portion of our web-site. We use the most advanced encryption technology, Secure Socket Layer (SSL), to ensure that the information transmitted between you and us across the Internet is safe and cannot be accessed by any outsider. SSL has been universally accepted on the World Wide Web for authenticated and encrypted communication between clients and servers.
• To ensure security of access to the personal information and transaction details, the access to the secured zone of our website is restricted by the unique login ID and Password selected by you. You should be very careful in handling the ID and password and you should ensure that you do not reveal it to anybody, nor do you keep it in writing. You should keep changing your password periodically.
• To enable us serve you better, it is necessary that your personal information available with us is updated and accurate. Our web-site enables you to update your personal information. You can also send us an e-mail at Customer Service and we shall ensure that your information is updated and protected from any misuse or unauthorized revelation.