Commission / Incentive:
Eligible, when the Referred Client opens trading account with SKY Commodities India Pvt. Ltd., (SCIPL) and started trading. If the referred client is already an Existing client of SCIPL, the client will not be considered as your referred client. All calculation will be done based on the Member’s records and settlements will be on a monthly basis between 5th to 10th of the succeeding month. In case of any differences in Commission consequent to a revision in brokerage charges to clients or otherwise the same would be adjusted / recovered in subsequent months. Taxes as and if applicable will be deducted at source.
The activities are expressly prohibited is stipulated in Annex-1.
The MEMBER shall not be liable for any losses that may be incurred by clients on account of their inability to square up positions or effect trades on a timely basis in the event of any of the following and the Dues of Client will be deducted from Referral Commission / Incentive paid by the Member.
Explanation: the term “Dues of Client” shall include the amount of monies payable by the Client including, but not limited to, the purchase price of the Securities, auction debit, Brokerage, Margin money, GST, Auction Debits and Charges, Services Charges, depository charges, interest charges and other amounts payable by the Client to the MEMBER.
Member reserves the right to change Commission arrangements with Referral for any/all the account at their discretion and will provide Referral with timely notice of any such changes.
Annex-1
I/We agree that we shall not enter into any type of transactions which are in the nature of trade inducement with the person referred by me/ us
