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TERMS AND CONDITIONS

  1. 10% lifetime brokerage sharing (against the brokerage generated by the referee on online trades only) will be given if Referee account is activated within 1 month of the referral given.
  2. Free Account Opening, No DP AAC charges for 1 year (Applicable only on TRX17, AMC17, AMC19 scheme) will be given to the referee if he has opened an account within 1 month of the referral given.
  3. All the rewards will be credited to the referrer/ referee account by 25th of the next month of account activation.
  4. All referral accounts should be activated with qualified margin criteria. (To know more on this please get in touch with your Business Associate)
  5. Total Revenue, Online Revenue, Payout Applicable in Referral Status Dashboard is calculated for last 3 months excluding current month.
  6. If a person is been referred by 2 individuals, then the person who has referred 1st will be considered.
  7. This offer is valid for Business Associate clients only.
  8. Referee should open an account through Business Associate only.
  9. The mobile no at the time of referring and opening an account should be the same.
  10. If anybody wish to remove the margin money before one month of account opening will not be eligible for any rewards.
  11. Clients whose accounts are activated post 15th December, 2018 will be eligible for this program.
  12. The above terms are not applicable for family accounts referred.
  13. If the details provided for referrals are incomplete/ incorrect/ invalid, the Referrer who has provided a reference shall not be entitled to any reward under the Referral Program.
  14. Account activated in equity and commodity segment will be considered.
  15. The Referrer confirms of having obtained the consent of the person referred for providing his/her details.
  16. In case of any dispute, the decision of MOFSL management will be final and binding.
  17. No other offer can be clubbed with this Referrer program offer during account opening.
  18. MOFSL reserves the rights to withdraw this offer any time before the validity period mentioned without any prior notice.

Agreement applicable to Introducer / Referrer

  1. During the period of the contract, the Introducer will be paid referral reward as per the details given below:-
    1. 10% lifetime brokerage sharing (against the brokerage generated by the referee on online trades only) will be given if the account referred by the introducer is activated within 1 month of the referral given.
  2. The referring person should not undertake any form of selling/advisory activities w.r.t securities and should not manage the portfolio of any person who is being referred. He/she should strictly limit his/her role to “Referral” only.
  3. The referred client shall not be subjected to any kind of trade inducement by the referring person and it shall be ensured that all instructions for placement of orders are obtained from the respective clients only.
  4. All the details/information pertaining to the client shall be maintained confidentially and the same should not be disclosed to any person except as required under any law/regulatory requirements or with the express written permission of the client.
  5. All correspondences viz. contract notes, daily margin statement, statement of accounts, Annual global transaction statements etc. should be sent to the respective client only and under no circumstances will go to the referring person.
  6. The referring person cannot conduct IPV/OSV.
  7. Incentive amount should not be recovered from the client being referred and no obligation whatsoever should be cast on such client. There should be no financial transaction between the referred client and the referring person under the arrangement.
  8. Member shall be directly and wholly liable in case of any dispute w.r.t. referral program/incentive scheme or calculation of referral income between broker-referred/ referring person.
  9. The Introducer shall not solicit or endeavor to entice, directly or indirectly any client introduced by him to MOFSL to obtain services of any competitor of MOFSL.
  10. The Introducer will not divulge to any person or utilize any of confidential information pertaining to Holding or Associate companies of MOFSL or any other information in connection with the business procedures etc., which he/she may possess by reason of his/her association with MOFSL to any person or entity outside MOFSL.
  11. The Introducer shall not use any material other than the written material provided by MOFSL for promotion of MOFSL products.
  12. The Introducer shall not assure any returns or make any presentation to the prospective customers, which is not authorized, approved and provided by MOFSL.
  13. The Introducer shall make aware the prospective customer of all the terms and conditions as provided by MOFSL, for availing the products of MOFSL and shall not make any misrepresentation or false promises to the prospective customer.
  14. The Introducer shall have no authority to prescribe the brokerage rates applicable to the clients and shall have no authority to change the brokerage rates as prescribed by MOFSL. The Introducer shall not make any false promises to the prospective customers with regard to the brokerage and other charges.
  15. MOFSL shall be entitled at its discretion to terminate the contract at any time without assigning any reason whatsoever, by giving one week’s notice. In case the Introducer wish to terminate the contract he/she will also have to give one week’s written notice to MOFSL.
  16. MOFSL shall be entitled to terminate the contract forthwith and without any notice or payment in lieu of notice on account of moral turpitude, dishonesty, wrong selling, fraud, forgery, and unbecoming conduct on the part of the Introducer. In case of termination of the contract by MOFSL, the referral rewards for the relevant previous month may not be paid by MOFSL at its sole discretion.
  17. MOFSL shall be entitled to terminate the contract forthwith and without any notice or payment in lieu of notice and take necessary legal action against the Introducer if found making any misrepresentation to the prospective customers or existing clients.
  18. MOFSL shall be entitled to terminate the contract forthwith and without any notice or payment in lieu of notice and take necessary legal action against the Introducer if found that the Introducer has provided false information about himself / herself or has forged and documents pertaining to the Introducer himself / herself or any of the clients / prospective customers.
  19. The arrangement is intended for the promotion of MOFSL products only.
  20. *Disclaimer