AUTHORITY LETTER FOR RUNNING ACCOUNT
To,
VEDIKA SECURITIES PVT. LTD.
2B, Sambhunath Pandit Street,
Kolkata 700020
Client name:
Client Code:
Date
:
Dear Sir / Madam,
I/We as a client of Capital Market Segment and/or F&O Segment and/or Currency Derivatives Segment
of NSE hereby authorise M/s. Vedika Securities Pvt. Ltd. (Member NSE) for the following:
1. That to withhold and/or just outstanding amount receivable from you against my/our purchase
in subsequent settlement with no interest accruing on the above amount. To pay/receive by
netting the balance and to maintain a running account instead of settlement to settlement
clearance of dues or delivery of securities to me/us in Capital Market, F & O Segments and
Currency Derivatives Segment of the Exchange.
2. That to withhold any credit balance lying in my/our account as collateral/margin against my/our
future trades/obligations, without attracting any interest on it, in Capital and/or F&O Segments
and/or Currency Derivatives Segment of Exchange.
3. That to hold my/our shares purchased from you in account as collateral/margin against my/our
future trades/obligations in Capital and/or F&O Segments and/or Currency Derivatives Segment
of the Exchange.
4. That to keep my/our shares purchased from you, in your margin account and to deliver and/or
adjust said shares against our sales in subsequent settlement i.e. inter transferring the shares
from one settlement (purchase) to another settlement (sales) in Capital and/or F&O Segment
and/or Currency Derivatives Segment of Exchange unless you receive any verbal or written
instruction from me/us to deliver the same to my/our Depository Account. Similarly, I/We
authorise you to issue the cheque against our fund pay out after getting the telephonic or
written instruction from me/us, otherwise the same will remain with you against my/our
margin obligation towards Capital Market and/ or F&O Segment and/or Currency Derivatives
Segment.
5. To transfer the shares retained by you on my/our behalf as Margin against the dealing done in
my/our account in the Capital Market/ F&O Segment/ Currency Derivatives Segment both
Capital Market and F&O Segment and/or Currency Derivatives Segment whenever there is any
short fall in margin account.
6. I/We hereby confirm you to settle my/our account of funds and securities monthly/quarterly.
(strike off whichever is not applicable)
7. I/We confirm you that I/we will bring to your notice any dispute arising from the statement of
account or settlement so made in writing within 7 working days from the date of receipt of
funds/securities or settlement of account or statement related to it, as the case may be at your
registered office. After that I/We shall have no right to dispute the transaction, funds and/or
securities ever and agree that you shall not be liable for any incidental loss/ damage caused due
to retention of funds and/or securities.
8. I/We further declare that this authorization will remain in force for a period of one year unless
revoked earlier by me/us in writing.
9. I/We declare that I/we have given the above authorization to Vedika Securities Pvt. Ltd. with my
free consent, without any pressure, threat or coercion from any corner whatsoever.
Thanking you,
Yours faithfully,
_____________________________
Signature of the Client
(Signature by Authorised Person or any
Power of Attorney holder is not valid)