We are pleased to inform you that we are now Live for opening the online Trading and Demat (eKYC) Account of the clients through the NSDL web application known as “Instigo Do It Yourself (DIY)”  integrated on our website under the “Online A/c Opening”. The client will be required to visit our website, fill the desired details and authenticate the details from the UIDAI (Aadhaar) website and upload the necessary documents for the eKYC. There is no need for any physical submission of documents except Power of Attorney (POA) and Proof for addition of Nominee.

Important points to be noted for eKYC:

1.  POA from any client is required to be obtained physically on the stamp paper itself and the client is required to send the same in hard copy. POA will be activated only once we receive the original signed Physical copy, so for smooth operations respective RM/ Dealer/ AP should get it from his/ her client on priority basis.
2. Proof (Nomination Form with ID Proof) for addition of Nominee is required to be sent by the client on email id accountopening1@elitestock.com.
3. There is no option for upload of Address proof, therefore, till the time the said issue is resolved the client is required to send the scan copy of the Aadhaar card on the email id accountopening1@elitestock.com.
4. The above documents are required to be sent from the designated email id of the client which the client has submitted at the time of filling the details in the online application for account opening.
5.  The applicable Charges will be debited to the respective client ledger after opening of eKYC
6. Client is also required to keep all the following documents scanned and handy as there is a time limit of 45 minutes for the session:

• Online click of photograph through ekyc
• Signature on plain paper
• PAN Card
• Aadhaar Copy (For OTP, Mobile no. should be mapped with Aadhaar)
• Copy of cancelled Cheque

You all are requested to ensure that maximum accounts should be opened through the above facility. In case of any query, you may contact the undersigned.

Thanks & Regards

BA Support

Elite Wealth Advisors Limited

Elite Comtrade Private Limited

Member: NSE | BSE | MCX | NCDEX | CDSL | NSDL | NPS | PMS

Address : S-8,DDA Shopping Complex, Mayur Vihar-I, Delhi-110091

Phone : 011-42445757
Email Id: basupport@elitestock.com

Website : www.elitewealth.in

This is in reference to the trading account of the clients wherein debit balance is continuing even after T+5 as a result of which we are unable to transfer the shares to the Demat Account of the client mapped to their trading account and such shares are held with us.

You all are hereby informed that to request the client to clear the debit balance by 24.08.2019 otherwise, the shares which are held by us in our Bene Account will be compulsorily squared off without any further notice and the profit or loss arising out of such sale will be debited/credited to the account of the respective client.

This is for your information that the above action is being taken in view of SEBI Circular No. CIR/HO/MIRSD/DOP/CIR/P/2019/75 dated June 20, 2019, wherein SEBI has formulated new norms and introduced the concept of compulsorily square off of position of the client if the debit balance of the client is not cleared for T+2+5 days.

In case of any query, you may contact the undersigned.

Information about the new UPI-based IPO application process.

For more details, Click on below Link

IPO Process Through UPI

1. In order to protect clients’ funds and securities, The Securities Contracts (Regulation) Act, 1956 and Securities and Exchange Board of India (Stock-Brokers) Regulations, 1992 specifies that the stock broker shall segregate securities or moneys of the client or clients or shall not use the securities or moneys of a client or clients for self or for any other
2. Further, the following circulars were issued by SEBI from time to time detailing the operational modalities with respect to handling of client’s funds and securities by stock broker (hereinafter referred to as ‘Trading Member /Clearing Member’ or TM/CM):

a) Circular No. SMD/SED/CIR/93/23321 dated November 18, 1993:

In terms of clause 2 of the circular SEBI had inter alia specified that “it shall be compulsory for all member brokers to keep separate accounts for client’s securities and to keep such books of accounts, as may be necessary, to distinguish such securities from his/their own securities. Such accounts for client’s securities shall, inter-alia provide for the following:-

• Securities fully paid for, pending delivery to clients;
• Fully paid for client’s securities registered in the name of Member, if any, towards margin requirements

 b) SEBI Circular No. MRD/DOP/SE/Cir – 11/2008 dated April 17, 2008:

In the said circular, SEBI had inter-alia specified that ‘brokers should have adequate systems and procedures in place to ensure that client collateral is not

used for any purposes other than meeting the respective client’s margin requirements / pay-ins. Brokers should also maintain records to ensure proper audit trail of use of client collateral.

c) Circular no. SEBI/HO/MIRSD/MIRSD2/CIR/P/2016/95 dated September 26, 2016 and Circular no. CIR/HO/MIRSD/MIRSD2/CIR/P/2017/64 dated June 22, 2017:

In the said circulars, SEBI had specified that “stock brokers shall not grant further exposure to the clients when debit balances arise out of client’s failure to pay the required amount and such debit balances continues beyond fifth trading day, as reckoned from the date of pay-in, except in accordance with the margin trading facility provided vide SEBI circular CIR/MRD/DP/54/2017 dated June 13, 2017 or as may be issued from time to time”

d) Circular No. SEBI/HO/MRD/DP/CIR/P/2016/13 dated December 16, 2016:

In the said circular, SEBI had specified that “the member shall transfer securities from pool account to the respective beneficiary account of their client within 1 working day after the pay-out day. The securities lying in the pool account beyond the stipulated 1 working day shall attract a penalty at the rate of 6 basis point per week on the value of securities.”

Therefore, in terms of the above provisions, all TM/CM are required to transfer the clients securities received in pay-out to clients demat account within one working day. In case the client does not pay for such securities received in pay-out, then the TM/CM shall be entitled to retain those securities up to five trading days after pay-out. Further, where the client fails to meet its funds pay-in obligation within five trading days from pay- out day, the TM/CM shall liquidate the securities in the market to recover its dues. Under no circumstances, shall the securities of the clients received in pay-out be retained by the TM/CM beyond five trading days and be used for any other purpose.

For more details, Click on below Link

SEBI Circular: Handling of Clients’ Securities by Trading Members/Clearing Members

This is with reference to the SEBI circular no: SEBI/HO/MRD/DRMNP/CIR/P/2018/155 dated December 17, 2018, and National Stock Exchange Circular No.: NCL/CMPT/39766 dated December 26, 2018. We hereby inform you that the guidelines of Settlement Schedule and Margin on Equity Derivative Segment has been revised.

All other provisions with respect to settlement and margins shall continue to be applicable.

The provisions of the circular shall come into effect from January 21, 2019, and the copy of the Circular we have enclosed for your ready reference.

For Circular Details click Here

For any query contact:
Miss Chetna Shoor
Compliance Officer
Elite Wealth Advisors Limited
Elite Comtrade Private Limited
Member: NSE | BSE | MCX | NCDEX | CDSL | NSDL | NPS | PMS
Address : S-8,DDA Shopping Complex, Mayur Vihar-I, Delhi-110091
Phone : 011-42445701/545
Email Id: compliance@elitewealth.in
Website : www.elitewealth.in

In our constant endeavor to improve Stock Market penetration, We are please to launch once again CLASSIC 599, Rs.599 plan for Opening Trading and Demat Account with Lifetime Free AMC. This plan will enable any and everyone to keep a Demat Account for their multiple Investments needs. People looking to invest in stock markets may find this interesting and will seek to take advantage of market corrections. Moreover with continuous flow of IPOs, opting for opening Demat Account of their family members, friends, relatives and increase their chances of getting IPO Allotment.

You are requested to communicate the scheme to all your existing and well potential customers as well along with the masses at large.

Important Points:

1. The total cost of Trading and Demat Account with Lifetime AMC will be Rs.599 only.

2. The Validity of the Scheme starts form Today i.e Oct 13, 2018 till Nov 10, 2018. Account opened till Nov 10, 2018 will be considered in this scheme. Account reaching Elite Account Opening Team after Nov 10, 2018 or Accounts with deficiency will not be considered.

3. All Account Opening Forms coming under this scheme should be accompanied with a cheque of Rs.599 in favour of Elite Wealth Advisors Ltd. Also, “Classic 599” should be mentioned clearly on the KYC.

4. All other Account Opening Schemes will continue to exist in the similar manner.

5. Any kind of incentives / passback on Account Opening Charges will not be applicable on the accounts opened in these schemes.

We are going to upgrade the existing version of trading software from 3.15.1 to 3.16.0 in Live on 3rd August 2018 (Friday) after market hours 3:30 PM.

So, you all are requested to coordinate with IT Team (011-42445746, 011-424457467, 011-42445710 ).

Note :- Old version will be not supported from Monday onward.

Kindly download upgraded version software from the website as given link

http://elitewealth.in/it-software/

This is with reference to SEBI circular no: SEBI/HO/MRD/DP/CIR/P/P/2018/67 dated April 11, 2018 and circular no. NSE/FAOP/37594 dated April 23, 2018, Please find attached NSE Circular on Physical Settlement in Equity Derivatives having details of
Procedure for Clearing, Settlement and Risk Management of contracts which shall be physically settled.

1. NSE Derivatives Segment scrips To Move To Physical Settlement From July
2. CMPT38039

This is in continuation to Compliance circular as issued by SEBI/Exchanges in the interest of investor from time to time; we hereby again inform you the preliminary requirements which must have at your (Branches / Sub-Broker’s / Authorised Person) locations:

1. DISPLAY OF NOTICE BOARD: All Notice Boards as per prescribed format are a mandatory display in the branch. (Kindly refer  Annexure-1 and Annexure-2) The ideal size should be 4‟× 3‟ but due to space constraints it can be reduced but in any case will not be in A4 size.

2. SEBI REGISTRATION CERTIFICATES TO BE DISPLAYED ON THE NOTICE BOARD: As per the Bye Laws of the Exchange all offices of the Broker/Sub-broker/Authorised Person have to display the SEBI Registration certificates on their Notice Board. With regards to the same, you are instructed to make sure that the certificates attached are displayed at your office. Therefore you are required to take the printouts and laminate the certificates before displaying on the notice board. 

3. STATUTORY REGISTERS: You are instructed to make sure that the Visitors Register and Complaint register are properly maintained at your office. 

4. TRADING TERMINALS:You are instructed to make sure that all the trading terminals are present at the registered location and are being operated by the authorized user having required NISM certificates. 

5.    ILLEGAL TRADING:You are instructed to make sure that No illegal trading or Dabba tradingis not being carried out at your location.

6. PMLA Policy:Pursuant to the recommendations made by the Financial Action Task Force on anti-money laundering standards, SEBI had issued the Guidelines on Anti Money Laundering Standards vide their notification No.ISD/CIR/RR/AML/1/06 dated 18th January 2006, vide letter No.ISD/CIR/RR/AML/2/06 dated 20th March 2006 and as per these SEBI guidelines, You are requested to adhere to PMLA Policy drafted under “Prevention of Money Laundering Act, 2002”.

Copy is PMLA Policy is attached for your reference and also available at our website i.e. www.elitewealth.in

7. EVIDENCE OF CLIENT PLACING ORDER: As per SEBI Circular reference No.CIR/HO/MIRSD/MIRSD2/CIR/P/2017/108 dated September 26, 2017, you shall execute trades of your clients only after keeping evidence of the client placing such order, it could be, inter alia, in the form of:

a. Physical record written & signed by client (Sample copy is attached)
b.Telephone recording,
c.Email from authorized email id,
d.Log for internet transactions,
e.Record of SMS messages,
f.Any other legally verifiable record

Hence your should have voice logger facility at your registered location and for walk-in clients, you should have maintain physical record of written request of client.

If any discrepancies with respect to above found during inspection carried out by us or Exchanges or SEBI, you, Inspecting Authorities will be constrained to initiate to impose huge penalty which shall be entirely at your cost and responsibility.

Further you are hereby confirm that in case of any investor grievance/complaint, legal case and/or arbitration matter of your clients, all expenses and penalty amount shall be entirely at your cost and responsibility.

Therefore it is requested to take a note of same and ensure all the above mentioned compliance. In case of any other query or clarification, you may contact to undersigned at 011-42445757 or mail us basupport@elitewealth.in or compliance@elitewealth.in .

Thanking You  

Sincerely,

(Sanjay Dutt Sharma)

Compliance Officer

Elite Wealth Advisors Limited