Regulatory Information

A: – Mandatory Details to be updated on website

• Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.
• Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.
• Pay 20% upfront margin of the transaction value to trade in cash market segment.
• Investors may please refer to the Exchange’s Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard.
• Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month. ………. Issued in the interest of Investors

B:- PRECAUTIONS FOR CLIENTS DEALING IN OPTIONS

• Sharing of trading credentials – login id & passwords including OTP’s.
• Trading in leveraged products like options without proper understanding, which could lead to losses.
• Writing/ selling options or trading in option strategies based on tips, without basic knowledge & understanding of the product and its risks.
• Dealing in unsolicited tips through Whatsapp, Telegram, YouTube, Facebook, SMS, calls, etc.
• Trading in “Options” based on recommendations from unauthorised / unregistered investment advisors and influencers.

C: – ADVISORY KYC COMPLIANCE

• All investors are requested to take note that 6 KYC attributes i.e. Name, PAN, Address, Mobile Number, Email id and Income Range have been made mandatory. Investors availing custodian services will be additionally required to update the custodian details.
• Investors may contact their respective stockbrokers / depository participants for updation of details in their trading / demat account.
• The last date to update KYC is on or before March 31, 2022.
• Thereafter non-compliant trading accounts will be blocked for trading by the Exchange.
• The non-compliant demat accounts will be frozen for debits by Depository Participant or Depository.
• On submission of the necessary information to the stockbroker and updation of the same by the stockbroker in the Exchange systems and approval by the Exchange, the blocked trading accounts shall be unblocked by the Exchange on T+1 trading day.
• The demat account shall be unfreezed once the investor submits the deficient KYC details and the same is captured by the depository participant in the depository system.
• To ensure smooth settlement, the investors are requested to ensure that both the trading and demat accounts are compliant with respect to the KYC requirement.
• The investors are hereby requested to comply with the regulatory guidelines issued by Exchanges and Depositories from time to time with regard to KYC compliance and related requirements.

D:- ADVISORY FOR INVESTORS

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.
• 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:https://www.nseindia.com/invest/about-defaulter-sectionhttps://www.bseindia.com/static/investors/Claim_against_Defaulter.aspxhttps://www.mcxindia.com/Investor-Services/defaulters/sop-process-faqs-for-handling-of-claims-of-investors-of-defaulter-member
• 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)

E:- RISK DISCLOSURES ON DERIVATIVES

• 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
• On an average, loss makers registered net trading loss close to ₹ 50,000.
• Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
• Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.

Source:
1. SEBI study dated January 25, 2023 on “Analysis of Profit and Loss of Individual Traders dealing in equity Futures and Options (F&O) Segment”, wherein Aggregate Level findings are based on annual Profit/Loss incurred by individual traders in equity F&O during FY 2021-22.

F:- DETAILS OF BANK ACCOUNT:

“Investors are requested to note that M/s. Share India Algo Plus Private Limited (Formerly Known Total Commodities India Private Limited) is permitted to receive money from investor through designated bank accounts only named as Up streaming Client Nodal Bank Account (USCNBA). M/s Share India Algo Plus Private Limited is also required to disclose these USCNB accounts to Stock Exchange. Hence, you are requested to use following USCNB accounts only for the purpose of dealings in your trading account with us. The details of these USCNB accounts are also displayed by Stock Exchanges on their website under “Know/ Locate your Stock Broker.”

S. No	Name of Bank Account	Bank Account Number	IFSC
1	Share India Algo Plus Private Limited- USCNBA A/c	135205001048	ICIC0001352
2	Share India Algo Plus Private Limited- USCNBA A/c	57500000934001	HDFC0000003
2	Share India Algo Plus Private Limited- USCNBA A/c	923020062657598	UTIB0000723

Key Management Personnel and Compliance Officer

S. No	Name Of The Individual	Designation	Phone No	Email
1	Mr. Rajesh Harsukhlal Modi	Director	022-42644002	modirajesh009@gmail.com
2	Ms. Pooja Sehgal	Compliance Officer	0120-4910048	pooja.sehgal@shareindiaalgoplus.com

Head Regulatory Information

Details of Authorized Persons:

	List of Authorized Persons (AP)
Sr No	Authorised Person’s Name	Authorised Person Code (Exchange Wise)	Constitution	Status	Registered Address	Terminal Details
		—————–Nil—————————

List of Authorised Persons(AP) Cancelled by Members on Account of Disciplinary Reasons;

Sr. No.	Authorised Person’s Name)	Status	Authorised Person Cancellation Details
		—————–Na—————————

Procedure For Filing Compliant

Handling of all investor grievances for the Company’s Broking activities is centralized function and is being handled by Compliance department at corporate office.

Under the SEBI directives a designated e-mail id has been created namely pooja.sehgal@shareindiaalgoplus.com and the same has been displayed on our website www.shareindiaalgoplus.com This email id would be monitored by compliance department on daily basis.

The process involves centralizing the handling of investor grievances within the Compliance department at the corporate office.

1. Designated Email for Investor Grievances: Under the SEBI directive, the company has created a designated email address, pooja.sehgal@shareindiaalgoplus.com, for receiving investor grievances. This email address is prominently displayed on our website i.e. www.shareindiaalgoplus.com

2. Monitoring and Timelines: The Compliance department is responsible for monitoring the designated email address on a daily basis. All investor grievances received at this email id would be verified and scrutinize by the compliance department and it would initiate necessary steps to resolve the compliant within 1-2 working days.

3. Forwarding and Grievances: Investor grievances received at branches or by authorized associates should be forwarded to the Compliance Department within 2 working days of receiving the compliant. The branches/ associates are required to incorporate their comments or remarks before forwarding the grievances.

4. Grievance Register: All branches and associates are required to maintain an investor grievance register. This register records all the investor complaints and is subject to audit and inspection by the Compliance Officer.

5. Scrutiny and Resolution: After verification and scrutiny, the appropriate steps would be initiated to resolve the complaint at earliest. Therefore, compliance department will ensure that depending upon the type of the complaint, all the information i.e. i.e. from the receipt of the complaint till the status of being resolved would be updated in the register. The compliance officer would ensure that it gives its sign-off only after the complaint is resolved.

6. Recording and Tracking: The Compliance Department maintains a physical register to record all the investor grievances. This record is updated on the same day as the receipt of the complaint. The Compliance Officer reviews this record on daily basis.

7. Resolution Updates: The entire process of addressing a complaint, from its receipt to its resolution, is documented in the grievance register. The Compliance Officer ensures that each complaint’s status is updated in the register and signs off only after the complaint is resolved.

Company is following a structured and systematic approach to handling investor grievances, ensuring that all complaints are promptly addressed and well-documented throughout the process. This approach aligns with SEBI directives and emphasizes transparency, accountability, and effective resolution of investor concerns.