Download as pdf or txt
Download as pdf or txt
You are on page 1of 3

POWER OF ATTORNEY

TO ALL TO WHOM THESE PRESENTS SHALL COME I/We an individual/a Sole Proprietary Concern/a Body Corporate
incorporated under the provisions of the Companies Act, 1956, (herein after referred to as Client) which expression shall
include, heirs, executors, administrators and legal representatives, the survivors of them and their representatives, heirs,
executors administrators and legal representatives/ its successors do hereby solemnly and sincerely affirm on oath, agree and
abide as follows:
WHEREAS I / We, wish to avail buying, selling and dealing in securities facility offered by Ventura Securities Limited, member
of Bombay Stock Exchange Limited (BSE) and National Stock Exchange of India Limited (NSE), Multi Commodity Exchange of
India Limited (MCX) and National Commodity & Derivatives Exchange of India Limited (NCDEX).

Page 1 of 3 VERSION 9
WHEREAS in consideration of availing the securities trading facilities and meeting the settlement obligations thereof on the
exchanges, I / we do hereby nominate, constitute and appoint Ventura Securities Limited, incorporated under the Companies
Act,1956 and having its Branch office situated at No. 1, Nana Street, 2nd Floor, T. Nagar, Chennai - 600 017. acting through
any of its Directors and / or officers duly authorised by it for the purpose, as my/our true and lawful Constituted Attorney
(hereinafter referred to as “the said Attorney/Broker”) and authorize it on my/our behalf to do all or any of the following acts,
deeds and things;
1. To transfer any securities from my / our Beneficiary Client id with the DP ID IN303116 to
the demat account client ids 10003959 – IN654498 and 10003942 – IN563542 of the Broker maintained under DP ID
IN303116 and CMBP ID IN565576 maintained with NCL and CMBP ID IN620031 maintained with ICCL in accordance with
the instructions of the Broker to the extent of my/our obligation for pay-in/early pay-in in Cash, F & O and Mutual Fund
segments to the broker in relation to my / our trading account maintained with the Broker arising out of trades executed by
me/us on the Stock Exchange through the Broker. However, any erroneous transfer made by the broker shall be credited
back to my / our account.
2. To create pledge of any securities from my/our Beneficiary Client Id as mentioned above with the DP ID IN303116 in favor of
the Broker into the brokers Client Securities Margin Pledge Account Client ID 13121388 maintained under DP ID IN303116
or Client Securities Margin Pledge Account Client ID 1203370000153520 maintained under DP ID 12033700 for meeting
the margin requirements with respect of orders/transactions carried on by me/us on the Stock Exchanges and to further re-
pledge such securities to the clearing corporation for meeting the margin requirements with respect of orders/ transactions
carried on by me/us.
3. In case if I/we avail Margin Trading Facility through Ventura Securities Ltd, to create pledge of any funded securities
from my/our Beneficiary Client Id as mentioned above with the DP ID IN303116 in favor of the Broker into the brokers
Client Securities under Margin Funding Account Client ID 13121396 maintained under DP ID IN303116 with respect of
transactions carried on by me/us on the Stock Exchanges funded by Ventura Securities Limited.
4. To make necessary applications(s) on my/our behalf to any Officials, Companies, Body Corporate, Institutions or Authorities
in India, including but not limited to, the Central Government and/or the Reserve Bank of India and/or the Income Tax
Authorities and establish without encumbrance the ownership of the securities in my/our name.
5. Pursuant to my/our instruction, to acquire by subscribing to Initial Public Offer or by purchase or otherwise securities and
to sell, transfer and endorse the securities or redeem the same either through Internet using the Code or Identification
Number issued by any Mutual fund from time to time, and/or to sign and to execute all transfer deeds whether as transferor
or transferee and such other instruments, application and papers as may be necessary for the purpose of acquiring or
transferring / redeeming the same and/or for transferring the investments in the units of Mutual Funds from one scheme to
another or between Mutual Funds.
6. Pursuant to my/our instructions / At Attorney’s own Discretion, to make applications for, or to renounce and sign renunciation
forms in respect of bonds / debentures, rights shares and additional shares of any Company / Body / Authority and to
receive and hold such rights or additional shares, bonds or debentures.
7. To issue orders and instructions for acquisitions and disposal of units of mutual funds for and on behalf of myself / ourselves
and to subscribe to initial public offerings or follow-on public offerings of securities.
8. Subject to Exchange Control Regulations in India to demand, receive and give good and effectual receipts(s) and discharge(s)
for all or any dividends, interest, bonuses or any other sum(s) and / or income arising from the shares, debentures, units
and other investments and to sign and endorse pay orders, dividend / interest warrants or certificates, receive all debts,
sums of money, principal, interest, dividend or other dues of whatever nature or accounts which are now or at any time be
due and payable and belong to me / or us on any account(s).
9. For the purpose of the aforesaid to sign contracts, agreements, transfers, acceptances, receipts, acquittances or other
instruments, documents and forms, to accept and carry out correspondence with such person(s) or authority / authorities
or department(s) and to do all lawful acts requisite for effecting the same.
10. To comply and / or cause to be complied with all statutory and other requirements attached to or arising out of these
premises and for these purposes to take such steps and actions necessary or proper, including signing of affidavits,
indemnity, declarations, legal documents, deeds and writings as may be required.
11. To do or omit to do all such acts and things as the Attorney may in its discretion consider to be necessary or desirable in
order to exercise its powers hereunder or to comply with any laws, orders, rules, regulations or directions of any government
or regulatory or other authorities.
12. To meet all obligations on my / our behalf arising out of subsidiary to products / facilities / services purchased / availed
through the Broker, including but not limited to Mutual Funds, Public Issues (shares / debentures), Rights Issue, offer for
shares etc.
13. To pay and discharge on my/our behalf all payment obligations in the term of monies / fees / charges etc., that may be
incurred at my/our instance due to Broker/Depository Participant/Principal payable by me/us by virtue of my/our using/
subscribing to any of the facilities/services availed by me/us.

14. I/We hereby authorize the Broker to send consolidated summary of scrip wise buy and sell position report on a daily basis
by way of SMS/email on my/our mobile/email id available in the record of the Broker.
AND I/We hereby agree that all such acts done by my/our above mentioned attorney shall be deemed to be acts done by me/
us and if necessary shall be ratified by me/us on the instructions of the said attorney. I/We hereby agree and confirm that this
Power of Attorney shall be canceled or revoked by furnishing a written intimation of the cancellation / revocation request to the
said Attorney/Broker, which request shall bear an acknowledgment of receipt by the said Attorney/Broker. I/We further agree

Page 2 of 3 VERSION 9
and confirm that the Power of Attorney will be revoked/canceled immediately upon fulfillment of my/our obligation pertaining to
unsettled transactions and outstanding dues payable to the said Attorney/Broker and/or Depository Participant or to a Third Party
service provider or to any of their affiliates/subsidiaries as per the terms and conditions of the services/products availed by me/us.
The Broker’s discretion to exercise or not to exercise any of the rights conferred upon it under this Power of Attorney shall be
binding upon me/us.
The Authority contained herein does not authorize the Broker to:
a) Transfer the same to any assignee of the Broker. b) Transfer of securities in off-market trades. c) Transfer of funds from my/
our own Bank accounts for trades executed by me/us through any other stock broker. d) Open a broking/trading facility with any
stock broker or for opening a Beneficial owner account with any Depository Participant. e) To execute trades in my/our name
without my/our consent. f) Merger of dues under my/our various accounts with the Broker to nullify the debt in one account with
other account/s. g) Open an email id/email account on my/our behalf for receiving statement of transactions, bills, contract notes
etc. from the Broker/and DP. h) Renounce liability for any loss or claim that may arise due to any blocking of funds that may be
erroneously instructed by the Broker to the Bank.
Explanation
For the purpose of this Power of Attorney, the term “Securities” shall include shares, scrips, stocks, commodities, bonds,
warrants, options, futures, derivatives, commodity derivatives, convertible debentures, non-convertible debentures, securitised
debt instruments, fixed return investment, fixed deposits, subsciption of Public Provident Fund, National Saving Schemes, New
Pension System /Scheme and other savings schemes of Government of India or other undertakings, Life Insurance, General
Insurance, equity linked instruments or other marketable Securities of a like nature in or of any incorporated company or other
body corporate, negotiable instruments including usuance Bills of Exchange, deposits or any other money market instruments,
commercial paper, certificates of deposit, units issued by Unit Trust of India and units issues by Mutual Funds, Mortgage backed
or other asset backed Securities issued by any institution or body corporate, cumulative convertible preference shares issued by
any incorporated company and Securities issued by any Incorporated Company and securities issued by the Central Government
or State Government for the purpose of raising public loan and having one of the forms specified in Clause(2) of Section 2 of
the Public Debt Act,1944, any other new form of capital or money market instruments that may be issued in the future by any
incorporated company/firm/institution or Government.

IN WITNESS WHEREOF, I/We have hereto set and subscribed our respective hands to these presents on this day of
202

SIGNED AND DELIVERED by the within named

Client Mr. / Mrs. / M/s. 1

We accept

VENTURA SECURITIES LIMITED

For VENTURA SECURITIES LIMITED

AUTHORISED SIGNATORY

Page 3 of 3 VERSION 9

You might also like