Terms & Conditions

SMC Global Securities Limited (hereafter referred to as "SMC") has prescribed specific eligibility criteria and terms and conditions to be followed by the client before opening an online trading and Demat account through the website of SMC. The Client must go through every condition mentioned below and verify if he/she is eligible to open an online account with SMC. The customer needs to adopt an offline/physical mode of Account opening in case any of the terms & conditions are not acceptable to the client. If all terms and conditions are acceptable to the client, he/she should mark in the "I agree and authorize" box to open online trading and a Demat account with SMC.
  • This online account opening facility is available only to Individual Citizens of India and resident Indians. Non-Resident Indian (NRI) & Non-Individual clients cannot open accounts through the E-KYC process. If the Client is a NRI or a Non-Individual, then the Client shall be required to opt for Physical KYC process.
  • The client is required to upload all documents, records, etc., which shall be verified as per prevailing regulatory guidelines.
  • The client shall be required to digitally sign the Account opening form using Aadhaar.
  • The Client is required to provide their true and correct details and documents during the online account opening journey.
  • Client may require making payment online from their registered Bank Account towards the account opening charges (if applicable) and initial margin as per the scheme selected.
  • SMC shall reject the application if it is found that the client is barred from trading or any investigation from SEBI or any other regulatory authorities is pending against the said client. The decision taken by SMC shall be final and binding upon the client.
  • SMC does not guarantee that the account opening form submitted by the client shall be duly accepted, as the company reserves its right to reject the client's account opening application after assigning reason.
  • Name of Client at the time of Account Opening – Client name as per the IT department will be recorded in SMC records as the Account name. Client has to provide necessary explanation along with documentary evidence in case of any mismatch in name as per Income Tax records and name as per Address proof /Aadhaar /Bank Records.
  • Login Confidentiality – The client agrees and confirms that they will not share login credentials with anyone else. If the client shares login details with another person, all risks / liabilities taking place from the client's account will be indemnified by the client himself. SMC or any of its agents or employees will not ask for any login details or Passwords from you in any manner whatsoever.
  • I confirm that I am not an Illiterate, Disabled Person, Blind person, or Person with mental disability.
  • I confirm that I have read and understood the contents of Rights & Obligations, DOs & DON’Ts for the investors, Guidance Notes, Risk Disclosure documents of all the segments I availed, and Policies & Procedure document & Voluntary clauses which is available on official website of SMC.
  • I wish to activate the Margin Trading Facility provided by SMC in my trading Account. I have gone through the entire Rights and Obligations document with regard to the same and further confirm that I shall agree and abide by the same.
  • I have read and understood applicable Brokerage, DP Tariff & other charges, and I am aware that the same can be modified under intimation to me.

Consent Form

I authorise SMC Global Securities Limited. (SMC) to access my data, information, photograph, etc., from UIDAI / KRA / CKYC for opening a Trading & Demat Account.
I hereby confirm that the data available in AADHAR is accurate, correct, and updated. If there will be any modification in AADHAR data, the same will be intimated to SMC separately.
I confirm that I am an Indian Resident, born in India and my sole country of tax residency is India.
I understand that I will be permitted to trade in Derivative segment once I submit financial details proof.
My Correspondence address is same as Permanent address.
I am neither politically exposed person, nor related to politically exposed person.
I wish to avail the facility of Internet and Mobile trading and also want to receive all communication, standard documents and Contract Note in electronic form on Email id provided by me at the time of Account opening and mentioned on KRA page.
I wish to execute Demat Debit and Pledge Instruction (DDPI) Authorization in favor of SMC for the purpose of ease of operation considering the benefits related to the same.
I do not have GST and GST is not applicable to me.
There are no action/proceedings initiated/pending/taken by SEBI/Stock exchange/any other authority against me for dealing in securities markets during the last 3 years.
I instruct the DP to receive each and every credit in my / our account only.
I wish to receive dividend / interest directly in to my bank account through ECS.
I would like to share the email id with the Registrar & Transfer Agent (RTA).
I would like to receive the Annual Report through electronic mode only.
Currently I do not wish to opt for BSDA scheme although my Demat account may be eligible for the same in future and I request SMC to continue my Demat account in normal scheme as availed by me at the time of account opening / modified (if any) to avail regular DP Services.
DIS booklet- I do not wish to obtain DIS for time being.
I hereby request you to consider the data like Proof of Identity (POI) and Proof of address (P0A) and any other information downloaded from other sources like KRA / CERSAI. I hereby confirm that data available with KRA/CERSAI is true, correct and updated. If there will be any modification in above data, the same will be intimated to SMC by me.
I confirm that before digitally signing the EKYC documents, I have gone through the entire Account opening form and confirm that all my information & details is captured properly on the account opening documents.

Disclaimer:

Investments in securities market are subject to market risks, read all the related documents carefully before investing. This report is for informational purpose only and contains information, opinion, material obtained from reliable sources and every effort has been made to avoid errors and omissions and is not to be construed as an advice or an offer to act on views expressed therein or an offer to buy and/or sell any securities or related financial instruments, SMC, its employees and its group companies shall not be responsible and/or liable to anyone for any direct or consequential use of the contents thereof. Reproduction of the contents of this report in any form or by any means without prior written permission of the SMC is prohibited. Please note that we and our affiliates, officers, directors and employees, including person involved in the preparation or issuance of this material may; (a) from time to time, have long or short positions in, and buy or sell the securities thereof, of company (ies) mentioned herein or (b) may trade in this securities in ways different from those discussed in this report or (c) be engaged in any other transaction involving such securities and earn brokerage or other compensation or act as a market maker in the financial instrument of the company (ies) discussed herein or may perform or seek to perform investment banking services for such Company (ies) or act as advisor or lender / borrower to such company (ies) or have other potential conflict of interest with respect of any recommendation and related information and opinions, All disputes shall be subject to the exclusive jurisdiction or Delhi High Court. *T&C