Common use of SCOPE OF THE ACTIVITIES Clause in Contracts

SCOPE OF THE ACTIVITIES. (a) The Member and the Authorised Person shall act as per the requirements specified by SEBI and MCX in its circulars / directives issued from time to time. (b) The Authorised Person hereby acknowledge and confirm that the Authorised Person is entitled to act as a ‘Authorised Person’ within the meaning and subject to SEBI Circular no. MIRSD/DR-1/Cir- 16/09 dated November 6, 2009 and circulars / directives issued by SEBI and MCX from time to time. (c) The client shall be registered with Member only. The funds, monies, commodities or warehouse receipts, of the clients, as the case may be shall be settled directly between Member and client and all documents like contract note, statement of funds and commodities would be issued to client by Member. The Authorised Person may provide only administrative assistance in procurement of documents and settlement, but shall not issue any document including contract notes, statement of funds and commodities, to client in its own name. No fund/commodities of clients shall go to account of the Authorized Person. (d) All acts of omission and commission of the Authorized Person shall be deemed to be of the Member.

SCOPE OF THE ACTIVITIES. (a) The Member and the Authorised Person shall act as per the requirements specified by SEBI and MCX in its circulars / directives issued from time to time. (b) The Authorised Person hereby acknowledge and confirm that the Authorised Person is entitled to act as a ‘Authorised Person’ within the meaning oAnu’thwoirtihsiend tPheersmeaning and subject -s1/uCirb- ject to SEBI Circular no. MIRSD/DR-1/Cir- 16/09 dated November 6, 2009 and circulars / directives issued by SEBI and MCX from time to time. (c) The client shall be registered with Member only. The funds, monies, commodities or warehouse receipts, of the clients, as the case may be shall be settled directly between Member and client and all documents like contract note, statement of funds and commodities would be issued to client by Member. The Authorised Person may provide only administrative assistance in procurement of documents and settlement, but shall not issue any document including contract notes, statement of funds and commodities, to client in its own name. No fund/commodities of clients shall go to account of the Authorized Person. (d) All acts of omission and commission of the Authorized Person shall be deemed to be of the Member.