POLICIES & PROCEDURES
A) REFUSAL OF ORDERS FOR PENNY / ILLIQUID STOCKS :
The Trading Member may from time to time limit (quantity / value) / refuse orders in one or more securities including T 2 T / Z Category shares due to various reasons including market liquidity, value of security(ies), the order being for securities which are not in the permitted list of the Trading Member / exchange(s) / SEBI. Provided further that Trading Member may require compulsory settlement / advance payment of expected settlement value, delivery of securities for settlement prior to acceptance / placement of order(s) as well. The client agrees that the losses, if any on account of such refusal or due to delay caused by such limits, shall be borne exclusively by the client alone. The Trading Member may require reconfirmation of orders, which are larger than that specified by the Trading Members risk management, and is also aware that the Trading Member has the discretion to reject the execution of such orders based on its risk perception .