Regulatory

Terms & Conditions: Religare Broking Limited

Equity

Religare Broking Ltd. (RBL) maintains www.religareonline.com (hereinafter referred to as the "Website") and owns, has the license to use or otherwise has the right to use, free of any pending or threatened liens, all content, graphics, HTML and CGI or other scripts displayed and used on the Website.

THE USE OF THE WEBSITE BY THE CUSTOMER SHALL MEAN THAT HE/SHE AGREES WITH THE FOLLOWING TERMS OF USE.

RBL has launched and established an online trading service on the Website (hereinafter referred to as the "Service"). RBL has exclusive and sole discretion to select the Customers who would be entitled to use access and benefit out of the Service. RBL also reserves the absolute right and discretion to decide on the criteria for selecting the Customers to participate in the Service offered hereunder.
The offering of the Service is subject to the requisite permissions, approvals, licenses and any other clearance from the appropriate regulatory authority viz., Securities and Exchange Board of India, National Stock Exchange of India Limited, The Stock Exchange, Mumbai and any other relevant authority that may be the regulatory authority of the Service.
The Service offered by RBL envisages a Customer opening a Trading account.
This Service on the Website does not constitute an offer to sell or a solicitation to any person in any jurisdiction where it is unlawful to make such an offer or solicitation. This Service is not intended to be any form of an investment advertisement, investment advice or investment information and has not been registered under any securities law of any foreign jurisdiction and is only for the information of any person in any jurisdiction where it may be lawful to provide such information, otherwise the same shall not be considered an information. The distribution of this Service or content in other jurisdictions may be restricted by law and the persons who access the Service should inform themselves about, and observe any such restrictions.By accessing and surfing this Website, the Customer agrees to be bound by the foregoinglimitations.
No information, market analysis, research report, etc. on the Website is to be construed as a representation with respect to shares, securities or other investment regarding the legality of an investment therein under the respective applicable investment or similar laws or regulations of any person or entity accessing the Website.
This Service is provided on an "As Is" basis. RBL and its Affiliates disclaim any warranty of any kind, imputed by the laws of any jurisdiction, whether express or implied, as to any matter whatsoever relating to the Service, including without limitation the implied warranties of merchantability, fitness for a particular purpose, and non infringement. RBL and the Service and the Offer are subject to the jurisdiction only of the courts of the Republic of India at Delhi.
Use of the Service is at any persons, including a Customer's own risk. The data and information provided on the Website is not advice, professional or otherwise, and should not be relied upon as such. Neither the information, nor any opinion contained in this Website constitutes a solicitation or offer by RBL to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service. RBL or their employees have or may have an outstanding buy or sell position or holding in the securities, options on securities or other related investments of issuers and companies mentioned herein. The investments discussed or recommended in the market analysis, research reports, etc. may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advisors as they believe necessary. Information herein is believed to be reliable but RBL does not warrant its completeness or accuracy. The content of the articles and the interpretation of data are solely the personal views of the contributors and do not in any way reflect the views of RBL. Users are advised to peruse the articles and other data in the Website only as information and to rely on their own judgment when making investment decisions.
Neither RBL nor its Affiliates shall be precluded from making any contract or entering into any arrangement or transaction with the companies mentioned herein or with itself in the ordinary course of business or from undertaking any banking, financial or agency services for the companies or for itself or from underwriting or guaranteeing the subscription of or placing or subscribing for or otherwise acquiring, holding or dealing with any of the stocks or shares or debentures or debenture stocks or any other securities whatsoever of the companies or in which the companies may be interested, either with or without a commission, or other remuneration or otherwise, at any time entering into any contract of loan or deposit or any other contract or arrangement or transaction with the companies or being concerned or interested in any such contract or arrangement or transaction which any other company or person would be entitled to enter into with the companies and they shall not be in anyway liable to account either to the companies or any person visiting or accessing the Website including a Customer of the Service for any profits made by them thereby or in connection therewith a and the RBL or its owner or Affiliate shall also be allowed to retain for their or his own benefit any customary share of brokerage, fee, commission, interest, discount or other compensation or remuneration allowed to them.
RBL along with its directors, employees, associates or other representatives and its Affiliates along with its directors, employees, associates or other representatives shall not be liable for damages or injury arising out of or in connection with the use of the Website or its non-use including non-availability, compensatory, direct, indirect or consequential damages, loss of data, income or profit, loss of or damage to property (including without limitation loss of profits, loss or corruption of data, loss of goodwill, work stoppage, computer failure or malfunction, or interruption of business; under any contract, negligence, strict liability or other theory arising out of or relating in any way to the Website, site-related services, or any products or services and claims of third parties damages or injury caused by any performance, failure of performance, error, omission, interruption, deletion, defect, delay in operation or transmission, computer virus, communications line failure, theft or destruction or unauthorised access to, alteration of, or use of information, whether resulting, in whole or in part, from or relating to any of the services offered or displayed by RBL on the Website.
RBL makes no guarantees or representations as to, and shall have no liability for, any electronic content delivered by any third party, including, without limitation, the accuracy, subject matter, quality or timeliness of any electronic content on the Website. RBL shall not be responsible for the contents of any linked site or any link contained in a linked site, or any changes or updates to such sites. The links being provided to the Customer are only for convenience, and the inclusion of any link does not imply endorsement by RBL of the site, or its content or the sponsoring organisation. By providing access to other websites, RBL is not recommending the purchase or sale of the securities issued by it nor is it an endorsement of services provided by its sponsoring organisation.
The maximum liability of RBL and its Affiliates to the Customer shall be subject to the amount of fees paid by the Customer for the services that he/she may have availed of through the Website or in pursuance of the Offer or the Service.
RBL shall not be liable for any misrepresentation, falsification, and deception or for any lack of availability of services through the Website, even if the same are advertised for on the Website.
No judgment or warranty or representation is made with respect to the accuracy, timeliness, or suitability of the content of other services or sites to which these screens link, and RBL shall not be responsible therefore.
RBL shall not be liable if the Customer downloads any information or software from this Website. Further, RBL or its Affiliates shall not be liable if the Customer makes a copy, modifies, uploads, downloads, transmits, (re) publishes it or removes or obscures any intellectual property, including trademarks, copyright or other notices or legends contained in any such information or otherwise distributes any service or content from this Website. RBL shall not bear the responsibility if the Customer modifies or uses the content or services he/she gets from this Website for any purpose other than those permitted, and in doing so violates the intellectual property including trademarks, copyright and other proprietary rights of RBL.

Commodity

Religare Commodities Ltd. (RCL) maintains www.religareonline.com (hereinafter referred to as the "Website") and owns, has the license to use or otherwise has the right to use, free of any pending or threatened liens, all content, graphics, HTML and CGI or other scripts displayed and used on the Website.THE USE OF THE WEBSITE BY THE CUSTOMER SHALL MEAN THAT HE/SHE AGREES WITH THE FOLLOWING TERMS OF USE.

RCL has launched and established an online trading service on the Website (hereinafter referred to as the "Service"). RCL has exclusive and sole discretion to select the Customers who would be entitled to use, access and benefit out of the Service. RCL also reserves the absolute right and discretion to decide on the criteria for selecting the Customers to participate in the Service offered hereunder.
The offering of the Service is subject to the requisite permissions, approvals, licenses and any other clearance from the appropriate regulatory authorities viz. National Commodities Derivatives Exchange of India (NCDEX) and Multi Commodities Exchange of India (MCX) and any other relevant authority that may be the regulatory authority of the Service.
The Service offered by RCL envisages a Customer opening a Trading account.
This Service on the Website does not constitute an offer to sell or a solicitation to any person in any jurisdiction where it is unlawful to make such an offer or solicitation. This Service is not intended to be any form of an investment advertisement, investment advice or investment information and has not been registered under any law of any foreign jurisdiction and is only for the information of any person in any jurisdiction where it may be lawful to provide such information, otherwise the same shall not be considered an information. The distribution of this Service or content in other jurisdictions may be restricted by law and the persons who access the Service should inform themselves about, and observe, any such restrictions.
By accessing and surfing this Website, the Customer agrees to be bound by the foregoing limitations.No information, market analysis, research report, etc. on the Website is to be construed as a representation with respect to the commodities or other investment regarding the legality of an investment therein under the respective applicable investment or similar laws or regulations of any person or entity accessing the Website.
This Service is provided on an "As Is" basis. RCL and its Affiliates disclaim any warranty of any kind , imputed by the laws of any jurisdiction, whether express or implied, as to any matter whatsoever relating to the Service, including without limitation the implied warranties of merchantability, fitness for a particular purpose, and non infringement. RCL and the Service and the Offer are subject to the jurisdiction only of the courts of the Republic of India at Delhi.
Use of the Service is at any persons, including a Customer's own risk. The data and information provided on the Website is not advice, professional or otherwise, and should not be relied upon as such. Neither the information, nor any opinion contained in this Website constitutes a solicitation or offer by RCL to buy or sell any of the commodities, futures, options or provide any investment advice or service. RCL or their employees have or may have an outstanding buy or sell position or holding in the commodities , options on commodities or other related investments of issuers and companies mentioned herein. The investments discussed or recommended in the market analysis, research reports, etc. may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advisors as they believe necessary. Information herein is believed to be reliable but RCL does not warrant its completeness or accuracy. The content of the articles and the interpretation of data are solely the personal views of the contributors and do not in any way reflect the views of RCL. Users are advised to peruse the articles and other data in the Website only as information and to rely on theirown judgment when making investment decisions.
RCL along with its directors, employees, associates or other representatives and its Affiliates along with its directors, employees, associates or other representatives shall not be liable for damages or injury arising out of or in connection with the use of the Website or its non-use including non-availability, compensatory, direct, indirect or consequential damages, loss of data, income or profit, loss of or damage to property (including without limitation loss of profits, loss or corruption of data, loss of goodwill, work stoppage, computer failure or malfunction, or interruption of business; under any contract, negligence, strict liability or other theory arising out of or relating in any way to the Website, site-related services, or any products or services and claims of third parties damages or injury caused by any performance, failure of performance, error, omission, interruption, deletion, defect, delay in operation or transmission, computer virus, communications line failure, theft or destruction or unauthorized access to, alteration of, or use of information, whether resulting, in whole or in part, from or relating to any of the services offered or displayed by RCL on the Website.
RCL makes no guarantees or representations as to, and shall have no liability for, any electronic content delivered by any third party, including, without limitation, the accuracy, subject matter, quality or timeliness of any electronic content on the Website. RCL shall not be responsible for the contents of any linked site or any link contained in a linked site, or any changes or updates to such sites. The links being provided to the Customer are only for convenience, and the inclusion of any link does not imply endorsement by RCL of the site, or its content or the sponsoring organization. By providing access to other websites, RCL is not recommending the purchase or sale of the commodities issued by it nor is it an endorsement of services provided by its sponsoring organization.
RCL shall not be liable for any misrepresentation, falsification, and deception or for any lack of availability of services through the Website, even if the same are advertised for on the Website.
No judgment or warranty or representation is made with respect to the accuracy, timeliness, or suitability of the content of other services or sites to which these screens link, and RCL shall not be responsible therefore.
RCL shall not be liable if the Customer downloads any information or software from this Website. Further, RCL or its Affiliates shall not be liable if the Customer makes a copy, modifies, uploads, downloads, transmits, (re) publishes it or removes or obscures any intellectual property, including trademarks, copyright or other notices or legends contained in any such information or otherwise distributes any service or content from this Website. RCL shall not bear the responsibility if the Customer modifies or uses the content or services he/she gets from this Website for any purpose other than those permitted, and in doing so violates the intellectual property including trademarks, copyright and other proprietary rights of RCL.

API/Algo Provider facility used by the client

The client is expected to be fully aware of the risks associated with the market and the financial instruments being traded on stock exchanges through API/ALGO PROVIDER. The client shall be responsible for complying with laws, rules, regulations, notifications etc issued by regulatory authorities as may be applicable from time to time.
The client shall ensure that API/ALGO PROVIDER facility provided by the Broker is used only to execute the trades of the client and shall not be used for transactions on behalf of any other person / entity.
The client shall be responsible for ensuring that, only persons authorized by it shall access and use the API/ALGO PROVIDER facility provided by the Broker. All orders originating from such facility / system shall be deemed to be authorized by the client.
Where the client accesses or proposes to access the Broker’s API/ALGO PROVIDER platform through external applications, including but not restricted to services of third party service provider(s), own application(s), etc., the client shall ensure that such applications have adequate security features including but not limited to access controls, password protection etc; and that appropriate agreement(s) with such third party service provider(s) etc. for ensuring secured access and communication has been executed and are in place.
The client shall ensure that no person authorized by them to place orders through API/ALGO PROVIDER facility provided by the broker has been / is involved in any adverse action by any regulatory authorities in any jurisdiction.
The client shall provide the names of authorized individual users to the broker prior to placing API/ALGO PROVIDER orders.
The client shall not use or allow the use of API/ALGO PROVIDER facility to engage in any form of market misconduct including insider trading and market manipulation or conduct that is otherwise in breach of applicable laws, rules and regulation.
The client is aware that Algorithmic trading i.e. generation of orders using automated execution logic is governed by Algorithmic trading guidelines issued by SEBI and Exchanges and requires prior registration of the exchanges. The client shall ensure that new algorithms and changes to existing approved algorithms are not used through the API/ALGO PROVIDER facility without prior approval of concerned stock exchanges. The client shall ensure that it has necessary checks and balances, in place to identify and control dysfunctional algorithms and the Broker shall have the right to shut down the API/ALGO PROVIDER facility and remove any outstanding client orders in case of any suspected dysfunctional algo.
The client is aware that authentication technologies and strict security measures are required for routing orders through API/ALGO PROVIDER facility and undertakes to ensure that the password of the client and/or his representative are not revealed to any third party.
The client shall be required to provide information/details/documents/records (physical or electronic) relating to Algorithmic Trading or incidental thereof within the prescribed time to Trading Member.
The client acknowledges that all orders placed by them through the API/ALGO PROVIDER facility would be validated by the risk management system of the broker. The Broker has the right to accept or reject any order placed by the client at its sole discretion.
The client shall be solely responsible for all acts or omissions of any person using a API/ALGO PROVIDER facility and shall be bound to accept and settle all transactions executed through the API/ALGO PROVIDER facility provided by the Broker notwithstanding that such order(s) may have been submitted erroneously or by an unauthorized user, or that its data is inaccurate or incomplete when submitted, or the client subsequently determines for whatever reason that the order should not have been submitted.
The client shall notify the Broker in the event of API/ALGO PROVIDER facility being compromised. Upon receipt of this notice, client’s API/ALGO PROVIDER facility shall be promptly disabled but the client shall continue to be responsible for any misuse of the API/ALGO PROVIDER facility or any orders placed through the API/ALGO PROVIDER facility as a result of the compromise of the API/ALGO PROVIDER facility at their end. The Broker shall not be liable for any loss, liability or cost whatsoever arising as a result of any unauthorized use of API/ALGO PROVIDER facility at the client’s end.
In the event of winding-up or insolvency of the client or his otherwise becoming incapable of settling their obligation, broker may close out the transaction of the client as permissible under bye-laws, rules, regulations of the exchanges. The client shall continue to be liable for any losses, costs, damages arising thereof.
The client is fully aware of the risks of transmitting orders to the Broker’s API/ALGO PROVIDER facility through vendor systems or service providers and the Broker is not responsible for such risks.
The client should be aware that he/she/they will have no recourse against the Trading Member or the Exchange Grievance Redressal Mechanism for any failure of Algorithm, dysfunctional Algorithm, losses arising on account of use of such Algorithmic Software / strategies.
The client should be aware of the fact that neither the API/ALGO PROVIDER facility will be uninterrupted nor error free nor the results that may be obtained from the use of the service or as to the timeliness, sequence, accuracy, completeness, reliability or content of any information, service or transaction provided through API/ALGO PROVIDER. The API/ALGO PROVIDER facility service is provided on an "as is", "as available" basis without warranties of any kind, either express or implied, including, but not limited to, those of information access, order execution, merchantability and fitness for a particular purpose. The Broker shall not be liable for any loss, damage or injury including but not limited to direct lost profits or trading losses or any consequential, special, incidental, indirect, or similar damages from the use or inability to use the service or any part thereof.
The Broker shall have the right to withdraw the API/ALGO PROVIDER facility in case of:-
1. Breach of the limits imposed by the broker or any regulatory authority.
2. On account of any misuse of the API/ALGO PROVIDER facility by the client or on instructions from SEBI/Exchanges.
3. Any other reason, at the discretion of the broker
Broker shall endeavour to give reasonable notice to the client in such instances.
The Broker shall not be liable or responsible for non-execution of the orders of the client placed using the API/ALGO PROVIDER facility due to any link/system failure at the client/ Broker/ exchange(s) end.
This document shall not be altered, amended and /or modified by the parties in a manner that shall be in contravention of any other provisions of this document. Any additional terms and conditions should not be in contravention with rules / regulations /bye-laws/circulars, of the relevant authorities including applicable stock exchanges as amended from time to time.