FORMAT FOR APPROVAL FOR BUSINESS ASSOCIATES TAG: _______________ Name : Present Occupation: Residence Address: Trade Name:

Status ( Individual/ Partnership/Corporate): Office Address:

Landline No.: Email Id: Name & Address of the Bank: Date of Birth: Infrastructure: Office Rented: Owned: Fax: : Scanner :

Mobile No.: PAN No.: Particulars of the Bank Account: Bank Account No.: NCFM Status: NSE-Cash: NSE-FO: NSE-Currency: No. of Computer: _______________________ Size for Flex: ___________________________ No. of Employees : _______________________ Brokerage: Minimum Commitment

Printer :

Fixed Delivery Jobbing Future Options Commodity Special term & condition if any__________________________________________ __________________________________________ Software Charges: Odin Charges(Multi) :Rs._________________ (Single) :Rs.________________ Exposure Commitment: Expected No. of Clients: Expected Volume Segment Wise: 1) Equity : - __________________ 1) Equity : - ____________________ 2) Commodities : - __________________ 2) Commodities : - ____________________ *Carry forward as per exchange Growth Plan/ Other Commitment: Security Deposit & Other Charges: Security Deposit: Rs. ________________________ Documentation Charges: Rs.5000/- (non-refundable) Exchange registration fees: Rs._____________
The information furnished above is true to the best of my knowledge and belief, and I undertake to inform you of any change therein immediately in writing.

Date:
(Name & Signature of Business Associates)

__________________________________ __________________________________
MANAGEMENT : Name Designation Sign Date

For Office use Only

INTRODUCER : Name Designation Sign Date

CHECKLIST FOR DOCUMENTATION Documents Business Associate Approval Form 5 Photos Residential Address Proof (Any one of Telephone Bill or Electricity bill or Bank Pass Book) and (Any one of Driving License or Voter Id Card or Ration Card) Office Address Proof (Firm/ Company) (Telephone Bill, Electricity bill, MOA, Bank Pass Book) Identity Proof Copy of PAN Card (Individual/ Partners/ Directors) Copy of PAN Card (Company/Firm) Bank Statement & Cancelled Cheque (Latest, not older than last three months) Highest Educational Qualification Proof NCFM Certificate Bank Reference Letter (3 Copy) CA/CS Reference letter (3 Copy) In case of Firm Certified True Copy of Partnership Deed. Letter authorizing partner/s of the applicant to sign documents for registration as sub broker signed by all partners on the letter head of the firm. Documentation Charges of Rs. 5000/Chq For Security Deposit in favor of Wellindia Securities Limited Chq or DD of Rs.2206 For Authorized Person In NSE Cash in favor of Wellindia Securities Limited Chq or DD of Rs.2206 For Authorized Person In NSE FO in favor of Wellindia Securities Limited Chq or DD of Rs.2206 For Authorized Person In NSE C& D in favor of Wellindia Securities Limited Chq or DD of Rs.2206 For Authorized Person In BSE Cash in favor of Wellindia Securities Limited 2 Stamp Paper of Rs. 100 each Infrastructure: 1. Min of 500 sq. ft. of office space, well furnished and equipped 2. Configuration of the computer system should be latest (Minimum 2 Systems required) 3. Operating System : Windows XP (Service Pack 2), Win XP Professional CPU : P IV, Quadra Duo HDD : 40 GB RAM : 512 mb or 1 GB 4. Telephone lines with voice logger. 5. The Outlook & feel of the business associates office premises should be in accordance with the policies laid down by Wellindia. 6. Separate Broad band connection for Back office reports. /X ( ) ( ) ( ( ( ( ( ( ( ( ( ( ( ) ) ) ) ) ) ) ) ) ) )

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SALIENT FEATURES FOR BUSINESS ASSOCIATE 1. An entity (Individual, Company or, Partnership firm) with good track record & reputation in financial services/other business/social circle with good client base. 2. Minimum 1-2 years of experience in selling financial products as a Main broker/ Subbroker/Authorised Person/Remisier/Mutual fund distributor/Insurance Advisor/Financial planner or an employee of existing Broker/Sub-broker. 3. Capacity to invest minimum Rs.1-5 lacs initially and ability to invest continuously in infrastructure & people. Infrastructure: Min of 500 sq. ft. of office space, well furnished and equipped Configuration of the computer system should be latest (Minimum 2 Systems required) o Operating System : Windows XP (Service Pack 2), Win XP Professional o CPU : P IV, Quadra Duo o HDD : 40 GB o RAM : 512 mb or 1 GB Telephone lines with voice logger. The Outlook & feel of the business associates office premises should be in accordance with the policies laid down by Wellindia. Separate Broad band connection for Back office reports. 4. All the trading clients will be registered separately under client registration agreement with Wellindia. Business associate would ensure that all clients complete the registration form (KYC) and send it to Wellindia head office. 5. The client requires to deposit an upfront margin amount with Wellindia (Subject to requirements of Regulatory Authorities, Stock Exchange or Market Conditions)and the gross exposure would be provided by Wellindia to the client accordingly. 6. No Cash Transactions are allowed at any point of time. All pay-ins whether cheques or deliveries would be in favor of Wellindia and all pay-outs would be paid by Wellindia. 7. No payments would be made or accepted to/ by the business associate directly indirectly on behalf of the client. 8. All securities that are sold by the client, should be delivered directly from the demat account mentioned in the Client Registration Form (KYC) to the MEMBERS DP account. Similarly, shares purchased will be delivered to the clients DP Account in the demat account mentioned in the CRF. 9. It is the responsibility of the business associate to collect / pay WELLINDIA the payin/pay-out and margin obligations levied by the stock exchange from time to time. 10. Business associate has to comply with rules, bye laws, regulations of all the stock exchange /Depository/ SEBI / FMC and follow them religiously. 11. The Business Associate / his employees should hold valid NCFM certificates for NSE/BSE- Cash, F&O & Currency segments and ensure that NCFM certificate holder in person has to sit on trading terminals in whose name the terminal ID has been generated. It is SEBIs mandatory requirement that every business associate should have atleast one trained person for each exchange who should verify the identity and

documents of the individual In- person. Notice Board, SEBI certificates must be displayed in the office as per exchange rules (Provided by WELLINDIA). 12. It is compulsory to install signage in front of Business associate premises. Flex of the sign board (As per requirement) will be provided by WELLINDIA installation would be done by the business associate himself. 13. Every business associate should employ adequate staff to make in-person verification of the prospective clients. It will be the responsibility of the staff to verify the client personally and confirm the same. 14. Cost of the stationary will be borne by the business associate. 15. It is the sole responsibility of the business associate for all bad-debts. However we will assist to recover the amount through our legal desk. 16. As a business associate of Wellindia you are required to sell all the products promoted by the company which includes IPO/MF/Insurance/financial education/tours & travels, etc. exclusively for WELLINDIA. 17. Limits will be given on the basis of the margin as per exchange (VaR, SPAN, etc.) on clients deposit. 18. Payment has to be made on T+2 basis, on all the late payments penalty @ 21% will be debited as Late Payment Charges for all segment. However any further delay, the amount will be adjusted from Business Associate account. 19. We expect brokerage of Rs.1,00,000/- from your branch from 3rd month of starting of business. 20. In case of security deposit from payout, you will have to give refundable branch level security Deposit of Rs.1,00,000/-. This will be generated within maximum 2 months from starting of business from your part of earned brokerage. No Gross Exposure limit will be provided against this security deposit. 21. You will give us cheques of Rs.5,00,000/- to keep with us, those can be only used against any debits in branch or we can provide up to Rs.2.5 lakhs m to m in one or more accounts for overnight. Next day you will give that amount of m to m from respective accounts to us. 22. Auto square off in respect of M to M will be applicable. (a) In case M to M reaches 70% of the margin, then, margin call will be given to client and at 80%, the transaction will be squared off. (b) There will be no timer but 80% M to M clause will remain there in every account but has to remove in specific account for which you will confirm us that you have already got the further amount of security and the same will be deposited in our account next day to the tune of Rs2.5 lakh. (c) Intraday trading limit will be given 4 times of the margin deposited in clients A/c. (d) In capital market, the Delivery can be taken equivalent to margin amount lying the client A/c.

23. Deliveries payin & payout will be taken care by us, but deliveries of clients having credit balance and no margin liabilities, will be transferred to their DP A/c on your instructions. Inter-settlement charges would be Rs.12/- per Instructions. 24. Every client has to open Demat a/c with our DP. D.P AMC & Transaction charges will be as follows: a) We will charge Rs.12/-+S.T per transaction on sale side done through us. b) AMC will be Rs.300/-p.a + Rs.50/- (Stamp paper charges) total Rs.350/- +ST to take at the time of opening. We will give you Rs.100/- from AMC to you as incentive.

Youre requested to kindly confirm and in case of any discrepancy, please let us know. Thanking you, Yours truly,