OTHER LEVIES, IF ANY:

Brokerage  has  been  charged  as  stated  and  has  been  at  rates  not  exceeding  the  official  scale  of  brokerage  and indicated separately.

This contract is  subject  to  the Rules, Bye-laws and Regulations and usages of  National Stock Exchange of India Limited.

In matters where the Exchange is a party to the dispute, the Civil Courts at Mumbai shall have exclusive jurisdiction and in all other matters, proper courts within the area covered under the Regional Arbitration Centre shall have jurisdiction in respect of the arbitration proceedings falling under or conducted in that Regional Arbitration Centre. 

This  contract  constitutes  and  shall  be  deemed  to  constitute  as  provided  overleaf  an  agreement  between  you  and  me/us, and in the event of any claim   (whether  admitted  or  not ) , difference or dispute  in  respect  of  any  dealings, and contracts  of  a  date  prior  or  subsequent  to the  date  of  this  contract (including  any  question  whether  such  dealings , transactions  or  contracts  have  been  entered  into  or  not )  shall  be  referred to arbitration  as  provided in  the Rules , Bye-laws  and Regulations  of  National  Stock  Exchange  of  India  Limited.

The provisions  printed overleaf  form  a part of the contract .

Compliance Name :Vinay JhaTel No :40811019 Email :vinay.jha@vnsfin.com

DATE :

Yours faithfully,

For : VNS  FINANCE  & CAPITAL  SERVCIES LTD

 AUTHORISED SIGNATORY

MEMBER : NATIONAL STOCK EXCHANGE OF INDIA  LTD

PAN : AAACV6221B

(This is digitally signed contract note and the digital signature is certified by a licensed Certifying Authority, hence no physical signature is required.)

Authorised Signatories: Vijay Singhania / Vikas Singhania / Sameer Singhania / R.K Singhania/ Vinay Jha /D.S Jha / Vinod Singhania

EXTRACTS FROM THE BYLAWS & REGULATIONS PERTAINING TO ARBITRATION

(1) All claims (whether admitted or not ) difference or disputes between the Trading Members inter se and between Trading Members and Constituents arising out of or in relation to dealings, contracts and transactions made subject to the Bye-Laws, Rules and Regulations of the Exchange or with reference to anything incidental thereto or in pursuance thereof or relating to their validity, construction, interpretation, fulfillment or the rights, obligations and liabilities of parties there to and including any question of whether such dealings, transactions and contracts have been entered into or not shall be submitted to arbitration in accordance with the provisions of these Byelaws and Regulations.

(2) In all dealings, contracts and transactions, which are made or deemed to be made subject to the Byelaws, Rules and Regulations of the Exchange, the provisions relating to arbitration as provided in these Byelaws and Regulations shall form and shall be deemed to form part of the dealings, contracts and transactions and the parties shall be deemed to have entered into arbitration agreement in writing by which all claims, differences or disputes of the nature referred to in clause (1) above shall be submitted to arbitration as per the provisions of the Bye-laws and Regulations.

(3) All claims, differences or disputes referred to in clause (1) above shall be submitted to arbitration within three years from the date on which the claim, difference or dispute arose or shall be deemed to have arisen. The time taken in conciliation proceedings, if any, initiated and conducted as per the provisions of the Act and the time taken by the Relavant Authority to administratively resolve the claimes, difference or disputes shall be excluded for the purpose of determining the period of three years.

(4) Save as otherwise specified by the Relevant Authority, The seat of arbitration for different regions shall be as follows:

Seats of Arbitration REGIONAL ARBITRATION CENTRES (RACs)                                      STATE COVERED BY THE RAC

DELHI

Delhi, Haryana, Uttar Prades, Himachal Pradesh, Pubjab, Jammu & Kashmir, Chandigarh, Rajasthan, Uttaranchal

CALCUTTA

West bengal, Bihar, Orissa, Assam, Arunachal Pradesh, Mizoram, Manipur, Sikkim, Meghalaya, Nagaland, Tripura, Jharkhand, Chattisgarh

CHENNAI

Andhra Pradesh, Karnataka, Kerala, Tamilnadu, Andaman & Nicobar, Lakshadweep, Podicherry

MUMBAI

Maharashtra, Gujarat, Goa, Daman, Diu, Dadra & Nagar Haveli, Madhya Pradesh
 

(5) Save as otherwise specified by the Relevant Authority, the criteria for selection of seat of arbitration for a particular matter is as follows:
 

Parties to Dispute                                                                       Place of filing the Application for Arbitration                                                                                     Place of hearing

TM* V/s Trading Member

a) If the dealing of both Trading Members from where the dealing was carried is situated in any  one of the states covered by a particular RAC then the Application for Arbitration shall be filed by the Applicant-Trading Member in that RAC b) if the dealing offices of both Trading Members from where the dealing was carried out are situated in states covered by different RACs then the Application for Arbitration shall be filed in the RAC covering the State in which the Respondent - Trading Member's dealing office is situated.

The Hearing Shall be held at the RAC where the Applicant-Trading Member has filed the Application of Arbitration and the Respondent-Trading Member Shall attend the hearing in that particular RAC.

TM* V/s C* & C V/s TM

The Application for Arbitration shall be filed by the Applicant at the RAC covering the state in which the Constituent ordinarily resides

The hearing shall be held in that RAC where the Applicant has filed the Application for Arbitration and the Respondent shall attend the hearing in that particular RAC.

(6)  Unless otherwise specifically agreed in writing between the  Trading Member and the Constituent, in respect of any claims, disputes and differences arising out of internet trading between the Constituent and Trading Member, the seat of arbitration shall be the  Regional Arbitration Centre within the area in which the Constituent ordinarily resided at the time of relevant trading, provided however in respect of a Non-Resident Indian Constituent, the seat of arbitration shall be the RAC in the area of which the correspondence office of the Trading Member is situated.

*   “TM” stands for “Trading Member” and “C” stands for “Constituent.”

For more details please refer to Chapter XI of the Byelaws and Chapter 5 of Futures & Options Trading Regulations of National Stock Exchange of India Limited.

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