We Religare Broking Limited would like to inform our Clients / Investors / General public that registered office address of our company has been shifted to “2nd Floor, P-14, 45/90, P-Block, Connaught Place, New Delhi 110001” with effect from May 01, 2020.
February 18, 2020:
This is with regards to clause 4 (a) & 4.8 of “POLICIES & PROCEDURE” as provided on client copy of KYC on Page 34 & 44 respectively in context of “IMPOSITION OF PENALTY/DELAYED PAYMENT CHARGES”. Please read the rate of PENALTY/DELAYED PAYMENT CHARGES as “up to 29.50% per annum”. The revised clauses are as follows:
4 (a). Client should ensure full payment of all margins including those on derivatives transactions and should also not keep account in debit, in the event any amounts are overdue from the client towards trading or margin or on account of any other reason the broker will charge up to 29.50% per annum to client as delayed payment charges. As the cost of funds to the broker varies depending on economic conditions the rates shall be determined from time to time and will be communicated through email, SMS, web-site (CRN facility), periodic a/c and other statements etc.
4.8 Client should ensure full payment of all margins including those on derivatives transactions and should also not keep account in debit, in the event any amounts are overdue from the client towards trading or margin or on account of any other reason the broker will charge up to 29.50% per annum to client as delayed payment charges. As the cost of funds to the broker varies depending on economic conditions the rates shall be determined from time to time and will be communicated through email, SMS, web-site (Online Login), periodic a/c and other statements etc.
July 15, 2013:
As you are aware exchanges have implemented robust surveillance system which is regularly sending alerts and warning to brokers for ensuring further due diligence. It has been noticed that a very large number of alerts result from trading in the High Risk Scrip’s. Each of these alerts requires a very significant expenditure in terms of valuable time by professionals who have to investigate and obtain various undertakings and documents to satisfy regulatory requirements. All these have contributing to high operational cost for allowing trading in these scraps to our client. Please note that there will be following minimum brokerage applicable for trading in the High-Risk Scrip’s: