Terms and conditions

Gill Broking

This page contains important information regarding the terms and conditions which apply to your trading and demat account with Gill Broking Private Limited (hereinafter referred to as Gill Broking). Gill Broking, being a Trading Member of NSE and MCX, registered with Securities & Exchange Board of India (“SEBI”) and having Registration No. INZ000168338 for Cash/Derivatives/Currency Derivatives/Commodity Derivatives segments of NSE & MCX. The Depository services for your account will be enabled through Gill Broking Private Limited, a Depository Participant using CDSL as the Depository having SEBI Registration no.: IN-DP-587-2021. Access to your account and the usage of your account is subject to your compliance with all the terms and conditions set forth herein, read along with all documents, including but not limited to; applications forms and undertakings, signed by you during account opening. Please read this page carefully and retain it for future reference.

The website is owned, operated and maintained by Gill Broking Private Limited, a Company incorporated under the Companies Act having CIN: U67190DL2017PTC324293, and having its Registered Office @ B-98-99, Third Floor, Lajpat Nagar-I, New Delhi 110024

Please note that the information contained herein is subject to change without notice.

The Client agrees that all trading & investment decisions are based on the Client’s own evaluation of financial circumstances and investment objectives. This extends to any decisions made by the Client on the basis of any information that may be made available on the web site of Gill Broking .The Client will not hold nor seek to hold Gill Broking or any of its officers, directors, partners, employees, agents, subsidiaries, affiliates or business associates liable for any trading losses, cost of damage incurred by the Client. The Client should seek independent professional advice regarding the suitability of any investment decisions. The Client also acknowledges that employees of Gill Broking are not authorized to give any such advice and that the Client will not solicit or rely upon any such advice from Gill Broking or any of its employees.

Important Information

Gill Broking will provide the client with a username and a trading password which will enable him to avail of the facilities of Online Trading through the Gill Broking website/Application, over the telephone or in any such other manner as may be permitted by Gill Broking for availing of the services. Gill Broking also provide the client with the username and password for accessing its back-office for various reports, transactions etc. All terms regarding the use, reset and modification of such password shall be governed by information on the website.

Our trading system have a Two-Factor authentication (2FA) secure system for every client to enter into their login ID using their Client ID and Password, along with a OTP which you will receive on registered Email & mobile number registered with us at the time of opening the account. This 2FA mechanism is set in place as per SEBI & Exchange guidelines with respect to Internet Based Trading Rules.

Each Gill Trade 2.0 or Gill Broking trading platform Password has a 2FA system in place for a secure login experience by each client. After a client enters his/her Client ID, he/she is required to enter his/her (i) Password; and (ii) a unique OTP generated on daily basis which will be sent via EMAIL/SMS to the Client him/herself . A system generated secure password is sent & 2FA are sent to all clients along with the welcome email while opening an account. Upon first login to trading platform it ask to change the password. This Password  set by each client, is unique to him/her, and is not known to anybody else apart from the client him/herself. Passwords and OTP credentials are privileged information, and must be kept in high secrecy by each client and not shared with anybody else.

Password can be reset by the You at any point of time, by selecting the ‘Forgot Password’ link under the login area of website/Application. As soon as You select the ‘Forgot Password’ link along with details ,a system generated secure password  is sent to Your registered EMAIL/SMS, where the same process of setting a unique password is followed.

The Client shall be responsible for keeping the Username ,Password & OTP confidential and secure and shall be solely responsible for all orders entered and transactions done by any person whosoever through Gill Broking Online Trading System using the Client’s Username and/or Password whether or not such person was authorized to do so. The Client agrees that he shall be fully liable and responsible for any and all unauthorized use and misuse of his Password and/or Username and also for any and all acts done by any person through Gill Broking Online Trading platform on the Client’s Username in any manner whatsoever.

The Client shall immediately inform Gill Broking of any unauthorized use of the Client’s Username or Password with full details of such unauthorized use including the date of such unauthorized use, the manner in which it was unauthorizedly used, the transactions effected pursuant to such unauthorized use, etc.

 

ATTENTION INVESTORS:-

  • Prevent Unauthorized Transactions in your Trading / Demat account --> Update your Mobile Numbers / email IDs with your Stock Brokers / Depository Participant. Receive alerts on your Registered Mobile / email IDs for trading account transactions and all debit and other important transactions in your demat account directly from Exchange / CDSL on the same day ......................Issued in the interest of Investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not to undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorize our bank to make payment in case of allotment. No worries for refund as the money remains in investor's account..
  • Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 01, 2020.
  • Update your email id and mobile number with your stock broker / depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.
  • Check your securities / MF / bonds in the consolidated account statement issued by NSDL/CDSL every month
Advisory for investors
Gill Broking Logo
  • Gill Broking Private Limited
  • B-98-99, Third Floor, Lajpat Nagar-1,
    New Delhi, 110024
  • 011-40345555
  • support@gillbroking.com
Registration
  • SEBI REGN. NO: INZ000168338
  • NSE Member code: 90213
  • AMFI REGN NO: ARN-161738
  • MCX: 55880
  • CDSL DP: DP ID : 12092700
    SEBI Regn. No : IN-DP-587-2021
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Call & Trade Additional charges of ₹20 + applicable charges per order may be charged for orders placed through our support/dealing desk.

Compliance officer Name: Charanpreet Gill
Ph No: 011-40345555,    Email: COMPLIANCE@GILLBROKING.COM

Disclosure of Proprietary Account Trading & NSE by Members to Clients : Proprietary Trading Disclosure: In terms of provisions of the Rules, Bye-Laws and Business Rules of the Exchanges and Pursuant to SEBI Circular Number SEBI/MRD/SE/Cir-42/2003 dated November 19, 2003 & SEBI/HO/CDMRD/DMP/CIR/P/2016/49 dated April 25, 2016 regarding Disclosure of Proprietary Account Trading by broker to client, Gill Broking Private Limited Discloses to its clients about its policies on proprietary trades. Gill Broking Private Limited is doing client based trading and Pro-account trading. GILL BROKING – SEBI REG INZ000168338 | CIN NO.- U67190DL2017PTC324293 | FOR ANY GRIEVANCE, PLEASE WRITE TO US: GRIEVANCE@GILLBROKING.COM

Copyright © 2023 – Gill broking Pvt Ltd

Attention Investors!

• Beware of fixed/guaranteed/regular returns/ capital protection schemes. Brokers or their authorized persons or any of their associates are not authorized to offer fixed/guaranteed/regular returns/ capital protection on your investment or authorized to enter into any loan agreement with you to pay interest on the funds offered by you. Please note that in case of default of a member claim for funds or securities given to the broker under any arrangement/ agreement of indicative return will not be accepted by the relevant Committee of the Exchange as per the approved norms.
• Ensure that pay-out of funds/securities is received in your account within 1 working day from the date of pay-out.
• Be careful while executing the PoA (Power of Attorney) – specify all the rights that the stock broker can exercise and timeframe for which PoA is valid. It may be noted that PoA is not a mandatory requirement as per SEBI / Exchanges.
• Register for online applications viz Speed-e and Easiest provided by Depositories for online delivery of securities as an alternative to PoA.

• Do not keep funds idle with the Stock Broker. Please note that your stock broker has to return the credit balance lying with them, within three working days in case you have not done any transaction within last 30 calendar days. Please note that in case of default of a Member, claim for funds and securities, without any transaction on the exchange will not be accepted by the relevant Committee of the Exchange as per the approved norms.

• Check the frequency of accounts settlement opted for. If you have opted for running account, please ensure that your broker settles your account and, in any case, not later than once in 90 days (or 30 days if you have opted for 30 days settlement). In case of declaration of trading member as defaulter, the claims of clients against such defaulter member would be subject to norms for eligibility of claims for compensation from IPF to the clients of the defaulter member. These norms are available on Exchange website at following link: NSE, MCX

• Brokers are not permitted to accept transfer of securities as margin. Securities offered as margin/ collateral MUST remain in the account of the client and can be pledged to the broker only by way of ‘margin pledge’, created in the Depository system. Clients are not permitted to place any securities with the broker or associate of the broker or authorized person of the broker for any reason. Broker can take securities belonging to clients only for settlement of securities sold by the client.

• Always keep your contact details viz. Mobile number/Email ID updated with the stock broker. Email and mobile number is mandatory and you must provide the same to your broker for updation in Exchange records. You must immediately take up the matter with Stock Broker/Exchange if you are not receiving the messages from Exchange/Depositories regularly.

• Don’t ignore any emails/SMSs received from the Exchange for trades done by you. Verify the same with the Contract notes/Statement of accounts received from your broker and report discrepancy, if any, to your broker in writing immediately and if the Stock Broker does not respond, please take this up with the Exchange/Depositories forthwith.

• Check messages sent by Exchanges on a weekly basis regarding funds and securities balances reported by the trading member, compare it with the weekly statement of account sent by broker and immediately raise a concern to the exchange if you notice a discrepancy.

• Please do not transfer funds, for the purposes of trading to anyone, including an authorized person or an associate of the broker, other than a SEBI registered Stock broker.

• Do not deal with unregistered intermediaries (who are not registered with SEBI/Exchanges).

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