REGISTRATION AS AGROY FRANCHISEE (NSE-BSE)

Check List of Documents to be submitted for FRANCHISEE

SN Document Individuals / HUF Partnership Company
1 Photograph Photo of Individual / Photo of Authorised Photo of Authorised Director
Karta Partner

2 Franchisee Application To be filled and signed by To be filled and signed by To be filled and signed by
Form individual / Karta authorized partner authorized director
(Annex-A)
3 Franchisee Agreement On a stamp paper of On a stamp paper of On a stamp paper of Rs.50/-
(Annex-B) along with Rs.50/- to be signed by Rs.50/- to be signed by to be signed by the auth.
Schedule I the individual / karta the auth. partner director

4 Declaration Letter To be given on the To be given on the To be given on the letterhead

(Annex-C) letterhead of the letterhead of the of the Company and signed
Individual / HUF and Partnership Firm and by auth. director
signed by individual / signed by auth. partner
karta
5 Authority Letter / Board Authority letter signed by Authority letter signed by Board Resolution signed by
Resolution individual/karta as per all partners as per Annex all Directors as per Annex E
(Annex-D / E) Annex D D
6 Premises NOC + To be signed by the To be signed by the To be signed by the owner of
Receipt (Annex F) owner of premises owner of premises premises
7 Letter of Authority From Authorised From Authorised From Authorised Signatory
(Annex G) Signatory Signatory
8 PAN Card Certified True copy of Certified True copy of Certified true copy of Pan
PAN card of Individual / PAN card of Firm and all card of Company and all
Karta Partners Directors

9 Proof of photo identity Certified true copy of Certified true copy of Certified true copy of either
and residence either of: either of: of:
a) Passport a) Passport a) Passport
b) Voter ID b) Voter ID b) Voter ID
c) Driving License c) Driving License c) Driving License
of Individual / Karta of all Partners of all Directors

10 Proof of Bank Account Attach cancelled cheque Attach cancelled cheque Attach cancelled cheque of
of Individual / HUF of Firm Company

11 Bio-data Of Individual / Karta Of Branch Head Branch Head

12 Financial Reports Copy of Income Tax Balance Sheet for last 2 Balance Sheet for last 2 years
Acknowledgments for last years of the firm certified of the Company certified by
2 years of Individual / by auth. partner auth. Director
Karta
13 Shareholding Pattern List of Members of HUF NA List of latest shareholders
with names and date of with respective number of
births shares

14 MOA / AOA / NA Certified true copy of Certified true copy of

Partnership deed Partnership Deed Memorandum and Articles of
Association

15 Client Registration Form From Individual / Karta From Firm From Company

Notes:
 In case of HUF / Partnership firm / Company, please affix rubber stamp with all signatures.
 Edit all the places highlighted in grey.
 Sign at all the places marked by ‘X’.

Ver. 2009.2
 Annex -A

For Office Use: Introduced By:……………. Branch:..… Group:…………

FI:………… SI:……………..

FRANCHISEE APPLICATION FORM

To
AGROY Finance & Investment Ltd, New Delhi.
I request you to register me/us as your Franchisee. I have read the Rules, Bye Laws and Regulations of the
Stock Exchanges and agree to abide by them. In this regard, I furnish the following information:

Affix Passport Size

Ind / HUF / Firm / Photo of Authorised
Company Name Signatory here and
Sign Across
Date of Formation/ / / Sex: Male / Female
Incorporation: (dd/mm/yyyy) (if individual)

Authorised Signatory
Name (First Name) (Middle Name) (Last Name)
Registered Address ………………………………………………………………………………….
………………………………………………………………………………….
City: ………………………… State: …………………… Pin: …………….
Phone ( ………. ) …………………… Fax: ( ……….. ) ……………………
Mobile: …………………… Email ID: ……………………………….….…
Correspondence / ………………………………………………………………………………….
Business Address
………………………………………………………………………………….
City: ………………………… State: …………………… Pin: …………….
Phone ( ………. ) …………………… Fax: ( ……….. ) ……………………
Mobile: …………………… Email ID: ……………………………….….…

Education Qualification
of Authorised Signatory

NCFM Certifications Module Reg.No. Date of Issue Date of Expiry Marks

(Attach Certificates &
Marksheets)
For Authorised Signatory

I hereby declare that all the information and particulars given by me in this application are true to the best of my
knowledge and belief. I agree to immediately inform you if there is any change in any of the information given in
this form or its annexures. I also declare and agree that if any of the above statements are found to be incorrect or
false or any information or particulars have been suppressed or omitted there from, I am liable to be debarred from
doing business on the stock exchange. I also agree to furnish such other information as you or the Exchange may
require from me from time to time and I agree that if I fail to give such information, you shall have the right to
cancel my registration and you or the Exchange shall have the right to debar me/us from doing business on the Stock
Exchange.

(Signature)
X
Date:_____________ Name: ……………………………………………..

Place:_____________
 Annex - B

(Print this page on a stamp paper of Rs.50)

This non-judicial Stamp Paper of Rs. 50/- form part and parcel of the Member-Franchisee
Agreement executed between M/s. AGROY FINANCE AND INVESTMENT LTD. and
__________________________________________________.

X (Signature)
 MEMBER – FRANCHISEE AGREEMENT

This Agreement is made at New Delhi on this _______________ day of _____________ between M/s AGROY

Finance & Investment Ltd. a company incorporated under the companies Act, 1956 and having its registered office at
X
B-7 Lajpat Nagar II, New Delhi - 110024. (hereinafter referred at as the “MEMBER”) of the first part; AND

Mr/Ms/M/s______________________________________________ an individual / HUF / Company / Partnership

Firm, residing at / having registered office at ___________________________________________ represented by Mr

/ Ms ______________________________ , the authorized signatory (hereinafter referred to as the “FRANCHISEE”)

of the second part.

WHEREAS the MEMBER is registered as Member Broker with the National Stock Exchange of India Limited (NSE)
and Bombay Stock Exchange Limited (BSE) (hereinafter referred to as “the Exchanges”) and carries on the business of
securities broking and allied activities, both in the primary and secondary markets;

WHEREAS the FRANCHISEE is affiliated with various clients who wish to deal in securities as defined under the
Securities Contract (Regulation) Act, 1956 and admitted for dealings on the Exchange(s) as defined in the Bye Laws of
the Exchange(s) where the MEMBER is a MEMBER / Dealer in the primary and secondary markets.

WHEREAS the FRANCHISEE is desirous of becoming affiliated with the MEMBER with the object of allowing such
clients to deal through the MEMBER in the primary and secondary markets and in such other products as permitted by
the MEMBER.

NOW THERFORE this agreement witnesseth and it is hereby agreed by and between the parties hereto as under:-

1. THE MEMBER hereby acknowledges and confirms that the FRANCHISEE is affiliated to him and the
FRANCHISEE shall within the scope of the authority given under these presents be entitled to act as an
intermediary between the said MEMBER and the clients for assisting the latter in dealing through the
MEMBER in primary and secondary markets, fixed deposits of the companies, units of mutual funds
and/or such other products(s) as permitted by the MEMBER in writing.
2. The FRANCHISEE shall conduct the business on behalf of his clients with the MEMBER as may be
mutually agreed between the MEMBER and the FRANCHISEE. Such agreement will, however, not
contravene any provision of these present.
3. The FRANCHISEE undertakes and warrants to:
a. Give an undertaking that there will not be any claim of permanent ownership over the said
business.
b. Guarantee total confidentiality and secrecy for the entire database, qualified research inputs and
systems support provided by the MEMBER.
c. Carry on the business from the address given below and not use the name of the MEMBER from or
in connection with any other location without prior written approval of the MEMBER.

Address____________________________________________________________
X
___________________________________________________________________
___________________________________________________________________

d. Refrain from appointing on its behalf any sub-agent or entering any arrangement which tantamount
to sub-agency.
e. Shall not act as a FRANCHISEE directly or indirectly, to any other MEMBER affiliated to NSE.
f. Use only in the manner permitted by the MEMBER, the name, logo, style and words, sign and
marks of or associated with the MEMBER.
g. Totally dedicate and exclusively use its premises for the business covered by this Agreement and
further undertake and warrant that the same shall not be leased or sub let or provided to anybody
else for any purpose whatsoever.
h. Shall carry out advertising and publicity campaigns in its area, if required, at its own expense, so
however, that all outgoing communications involving the Member’s name shall be with the prior
written approval of the MEMBER only.
i. Ensure the best possible conduct so as to maintain the reputation and goodwill associated with the
Member’s name.
X
 j. Provide to the MEMBER a copy of the database along with such developments, alternations,
modifications and additions made thereto from to time and permit the MEMBER to retain a copy
thereof on expiry or termination of this agreement.
k. Keep in safe custody all forms, cash cheques / other banking instruments and all other documents
in connection with or in respect to the collections / procurements and to duly deposit the same at
the earliest with the MEMBER / Member’s Bankers or authorised representative.
l. Be solely responsible for any loss or damage arising out of theft, misappropriations or otherwise of
the forms, cash cheques / other banking instruments and all other documents in connection with or
in respect to the collection / procurements.
m. Indemnify the MEMBER for any loss or damage caused to the MEMBER on account of any act or
omission or negligence by the FRANCHISEE or his / its employees.
n. Return forthwith to the MEMBER on expiry or termination of the Agreement, all information,
research inputs, records, databases and other documents that may have been provided by the
MEMBER to the FRANCHISEE during the continuance of this Agreement without retaining
copies thereof.
o. The FRANCHISEE shall not encourage sales / purchase with the object of generating brokerage /
Commission.
p. The FRANCHISEE shall not cross sell any product or service to the clients.
q. The FRANCHISEE shall not represent himself as an employee of the member to clients or third
parties.

4. The FRANCHISEE shall not advertise or issue price lists or circulars to entities other than its own
clients.

5. The FRANCHISEE shall in addition to the Margin paid by the Client, pay an interest free Fixed Deposit
of an amount mutually agreeable between the MEMBER and The FRANCHISEE as a security for
performance of the contract by the Client and hereby authorizes the MEMBER to adjust, in case of the
failure of the client to pay, any dues including Brokerage and other charges payable by the Client to the
MEMBER, out of the said Margin paid by the FRANCHISEE. In case of any shortfall, the
FRANCHISEE undertakes to replenish the same immediately on demand by the MEMBER After
adjusting any such dues, if the amount of Deposit is less than the amount of Deposit mutually agreed
between the MEMBER and the FRANCHISEE, the FRANCHISEE hereby undertakes to pay the
required amount to clear such shortfall within 24 hours from the time the MEMBER intimates the
FRANCHISEE of such shortfall.
Explanation: For the purpose of this Agreement 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, Service Tax, Auction Debits and Charges, Services Charges,
depository charges, interest charges and other amounts payable by the Client to the MEMBER.

6. In event of the MEMBER adjusting dues of the Client from the Margin placed by the FRANCHISEE,
the FRANCHISEE hereby undertakes to pay further margins to the extent of the amount appropriated X
for adjustment by the next business day from the day the FRANCHISEE gets intimation of the
adjustment. In respect of the trades of the Clients, the FRANCHISEE undertakes to remove objections
for bad delivery of shares, rectification of bad delivery, obtaining appropriate instruction forms from the
clients for transfer of shares and related matters in respect of shares and securities delivered / to be
delivered or received / to be received by the FRANCHISEE for and on behalf of the client, from the
MEMBER and vice-a-versa.

7. Trade Confirmations: The MEMBER shall send the trade confirmation directly to the CLIENT, in
form of contact note or otherwise via mail, e-mail, fax, courier, Registered AD., oral communication or
otherwise at the postal address, telephone / fax no’s, e-mail addresses intimated by the CLIENT to the
MEMBER. The FRANCHISEE shall be responsible to maintain record in form of voice recordings /
acknowledgement of client on trade confirmations/ contract notes/ financial statements as an evidence of
trades placed by the client. In the event of any dispute / complaint raised by any client with respect
to mismatch or discrepancies in his/her trades placed through the trading terminal allotted to the
FRANCHISEE, it shall be the sole responsibility of the FRANCHISEE to produce acknowledged
trade confirmations / contract notes / voice recordings to prove the authenticity of such
transactions and to indemnify the MEMBER of any losses / damages arising out of such claim /
dispute / complaint by the client.

8. The cost and the expenses incurred in sending the Printed Trade confirmation / contract notes / financial
statements to the clients directly by courier / post if any shall be borne by the FRANCHISEE.

9. Payment : All payments for securities bought by clients shall be made in the name of “AGROY
FINANCE AND INVESTMENT LTD.” by way of Account Payee Cheque. The Cheque should be
issued directly from the bank account belonging to the client and in no circumstances should the
FRANCHISEE obtain a payment from the client in its favour and remit the proceeds to the MEMBER.
The FRANCHISEE is not authorized to collect or pay Cash to or from any Client on behalf of the
MEMBER. Any Demand Draft / Banker’s Cheque taken from any client must be accompanied by an
 undertaking from the client that such Demand Draft / Banker’s Cheque has been issued from his account
only.

10. For the payments due to the clients, the MEMBER will draw an account payee cheque drawn on a bank
in New Delhi payable to a specified bank account of the client to be intimated to the MEMBER in
advance. Payment will not be made in the name of the FRANCHISEE or a third party under any
circumstances.

11. Transfer of Securities: As is the case with funds, all securities which are sold by the clients in
dematerialized form should be delivered to the exchange in accordance with the settlement cycles.
Shares should be delivered to the Member’s pool account directly from the specified client’s account
and not from a third party account. Similarly, shares purchased will be delivered directly to the client’s
demat account (to be identified at the time of registration) and not to any other demat account or to the
Franchisee’s demat account.

12. The FRANCHISEE and the MEMBER hereby agree that they will assist and co-operate with each other
in ensuring quick settlement of any arbitration proceedings arising out of the transaction entered into on
behalf of the client.

13. The FRANCHISEE agrees not to deal with any other Broker for the transactions of the client till the
pendency of the various agreements executed between the MEMBER, the FRANCHISEE and various
Clients.

14. The MEMBER and the FRANCHISEE hereby mutually agree that all transactions in securities on
behalf of the clients, the FRANCHISEE, shall be settled by delivery and/or payment, between the
contracting parties in accordance with the provisions and bye-laws of the said exchange and subject to
the procedures for settlement of transactions laid down by the authorities of the said exchange from time
to time.

15. The FRANCHISEE shall satisfy itself as to the genuineness of the clients and the securities delivered by
them and the financial status of the clients and shall indemnify and keep indemnified the MEMBER of,
from and against any claim that may be made by any person, entity or regulatory authority relating to the
execution of the clients transactions. Notwithstanding what is stated in this Agreement, it shall be the
primary responsibility of the FRANCHISEE to ensure payment and effect timely and good delivery for
the financial and securities pay-in obligation of the client. In the case of bad delivery or delivery of fake
or forged shares and / non payment of the obligation dues and / or non delivery of the securities
obligation by the client, it shall be the primary responsibility of the FRANCHISEE to remedy the
situation failing which the losses on account of default shall be to the account of the FRANCHISEE.

16. The MEMBER shall not be liable for any losses that may be incurred by clients on account of their X
inability to square up positions or effect trades on a timely basis in the event of any of the following:
Inability to execute trades arising out of breakdown in connectivity between the Franchisee’s office and
the Member’s office or between the Member’s office and the exchange,
Inability to execute trades due to force majeure circumstances of the MEMBER.
Inability to execute transactions due to any restrictive action taken by the MEMBER on the
FRANCHISEE warranted by the formers risk management strategy.

17. Any and all disputes arising out of or in connection with this agreement or its performance shall be
settled by arbitration by a single Arbitrator to be appointed by the MEMBER. The arbitration shall be
held, in New DELHI in accordance with the provisions of the Arbitration and Conciliation Act, 1996, as
amended from time to time.
This document shall be subject to the jurisdiction of the Courts in New Delhi

18. The parties to this agreement undertake not to disclose any information gained during the course of this
assignment to any third party without the expressed written consent of the other party except to any
regulatory authority pursuant to any inquiry or investigation or by requirement of law or to an arbitrator
or a court of law in the course of proceedings in which both parties are involved. This obligation shall
continue even after the termination of this agreement.

19. This agreement may be terminated by either party by giving 30 days written notice to the other. Both the
parties hereby agree that such termination shall not effect the rights and liabilities of any party in
relation to any transaction effected prior to the date of termination and the parties shall be entitled to the
same rights and be liable for its obligations in respect of all such transactions of the agreement by efflux
of time or otherwise. The liability and indemnity of the FRANCHISEE for acts under this agreement
shall survive the expiry of this agreement.

20. The FRANCHISEE also agrees not to deal with any other Broker for the transactions of his client for the
next two months after the expiry or earlier termination of this agreement.

21. This agreement shall forthwith terminate:

 a) On the violation of any of the terms of this agreement either not rectifiable or which is not rectified
even after one month’s written notice by the party aggrieved by the violation to the other party.
b) Upon the demise / insolvency of either party.
c) If the MEMBER for any reason ceases to be a MEMBER of the respective stock exchange
including cessation of Memberships by reason of the expulsion or if the registration issued by SEBI
is cancelled or suspended.

22. On termination of the agreement, deposit, if any, shall be refunded to the FRANCHISEE after
adjustment of dues if any. If the MEMBER wants to retain a part of the deposit to meet the anticipated
future liabilities on account of past transactions of the FRANCHISEE, the same shall be retained by the
MEMBER and the FRANCHISEE shall be intimated accordingly.
On Termination of the agreement the FRANCHISEE shall not solicit business for any product or service
from the clients who were serviced by it and shall forthwith dissociate itself from all the client of the
MEMBER.

23. In the event of any failure, interruption or delay in performance of the obligations of the MEMBER X
resulting from acts, events or circumstances not reasonably within its control including but not limited
to, act of God, fire, civil commotion, insurrection, embargo, industrial disputes, acts or regulations of
any governmental or supranational bodies or authorities, breakdown, failure or malfunction of any
telecommunications or computer services, the MEMBER shall not be liable or have any responsibility of
any kind for any loss or damage thereby incurred or suffered by the Client or the FRANCHISEE.
The MEMBER reserves the right to inspect the premises, books, records and documents of the
FRANCHISEE. The FRANCHISEE agrees to co-operate with the MEMBER in such an event and
provide all assistance and co-operation that may be required by the MEMBER to complete the security
or examination of records.

24. The rights and remedies herein are cumulative and not exclusive of any rights or remedies provided by
law. No failure to exercise or delay in exercising the same shall operate as a waiver thereof, nor shall
any single or partial exercise thereof preclude any other or further exercise thereof.
a) In event of the death or insolvency of the FRANCHISEE or his otherwise becoming incapable of
conducting business as such, MEMBER may cease to deal with the FRANCHISEE and the
FRANCHISEE or his/its legal representative shall be liable for any losses, costs which may result there
from to the same extent that the FRANCHISEE would otherwise have been liable.
b) The FRANCHISEE, shall indemnity and shall always keep indemnified the MEMBER harmless
from and against all claims, demands, actions, proceedings, loss damages, liabilities, charges and / or
expenses that are occasioned or may be occasioned to the MEMBER directly or indirectly, owing to the
transactions undertaken for the Client by the MEMBER.

IN WITNESS WHEREOF, the parties hereto have set their hands and signatures on the day month and year first
above written.

Signed for and on behalf of Signed for and behalf of

AGROY FINANCE & INVESTMENT LTD FRANCHISEE

By _________________________ By _____________________

Signature………………………… Signature …………………… X

Title:……………….

Witness:

1)

2)
 Annex - C

To,

AGROY Finance & Investment Ltd.

B-7 Lajpat Nagar II
New Delhi – 110024

Dear Sir,

With reference to the appointment of

Mr/Ms/M/s._______________________________________ as a Franchisee of AGROY
Finance & Investment Limited, I wish to inform you that:

1. He / she / they have not been convicted of any criminal offence involving any
moral turpitude and neither is any legal proceedings pending in any court of Law.

2. I/we also wish to inform you that I/we am/are not registered / affiliated /
associated with any other broker / sub-broker in the securities business.
Or
I/we wish to inform you that I/we am/are registered / affiliated / associated with
M/s__________________________ as __________________________ in the
securities business and undertake to discontinue such registration / affiliation
association with in a period of 1 month from date.

3. I/we also hereby undertake that I/we shall deal directly with the investors and not
through any other person.

X
(Signature)

Name: …………………….……

Date: __________
Place: __________
 Annex- D
(On Letterhead of the Firm/HUF)

To,

AGROY Finance & Investment Ltd.

B-7 Lajpat Nagar II
New Delhi – 110024

Dear Sir,

We wish to carry out stock broking related activity and seek franchise of AGROY
FINANCE AND INVESTMENT LTD in this regard. We hereby exclusively authorize
Mr./Ms.__________________________________, S/o __________________________,
Partner of the firm/my authorized representative, whose specimen signature is affixed below,
to sign, execute and submit such applications, undertakings, agreements and other requisite
documents, writings and deeds as may be deemed necessary or expedient to become the
franchisee.

Specimen Signature of the Authorised Partner/Person:…………………………… X

We further authorise AGROY FINANCE AND INVESTMENT LTD. to accept the oral / written
instructions of Mr./Ms. ________________________, whose specimen signature is affixed
above, for the activities to be carried out by the Firm under the Member Franchisee Agreement
and for the appointment of Approved Users for operating the Trading Terminal provided by
AGROY FINANCE AND INVESTMENT LTD.

X (Proprietor/Karta/First Partner) (Second Partner) (Third Partner)

Name:…………………… Name:……………. Name:…………….

Date: __________
Place: __________

* In case of Partnership, To be signed by all the partners

 Annex- E

(On letterhead of the Company)

EXTRACTS OF MINUTES OF MEETING OF BOARD OF DIRECTORS OF M/s

_______________________________________________ HELD ON
_______________ AT ______________________________

RESOLVED THAT the company is authorized vide object No. ___________________ of the
Memorandum and Articles of Association to undertake stock broking related activities and to
enter into a Member Franchisee agreement with “AGROY FINANCE AND INVESTMENT
LTD”

RESOLVED FURTHER that Mr./Ms. ____________________________, Director of the

Company whose specimen signature is affixed below, be and is hereby authorized to sign,
execute and submit such applications, undertakings, agreements and other requisite documents,
writings and deeds as may be deemed necessary or expedient to give effect to this resolution.

Specimen Signatures of Authorised Director: ………………………………….. X

RESOLVED FURTHER that AGROY FINANCE AND INVESTMENT LTD. be and is hereby
authorized to accept the oral/ written instructions of Mr./Ms. ________________________,
Director of the Company, whose specimen signature is affixed above, for the activities to be
carried out by the Company under the Member Franchisee Agreement and for the appointment of
Approved Users for operating the Trading Terminal provided by AGROY FINANCE AND
INVESTMENT LTD.

FURTHER RESOLVED THAT the Common Seal of the Company be affixed, wherever
necessary, in the presence of any two Directors or of any one Director and Company Secretary,
who shall sign the same in token of their presence.

For ___________________________ Ltd.

X
Director Director Director

Date: __________
Place: __________

* To be signed by all the Director

 Annex - F

NO OBJECTION CERTIFICATE

I/We ________________________________ (Name of Owner of premises) owner of

premises situated at _____________________________________________
_____________________________________________(Address) have no objection in
allowing the aforesaid premises to be put to use in the business of AGROY FINANCE
AND INVESTMENT LTD by Mr./Ms./M/s _________________________ as a
franchisee of M/s AGROY FINANCE AND INVESTMENT LTD till the tenure of the
franchise agreement.

Place: X
Dated: _____________________________________
(Signature of Owner)
Name:

Received with thanks from M/s AGROY FINANCE AND INVESTMENT LTD a sum of
Rs.500/- towards the leave and license fee for use of my premises situated at
_______________________________________________ for their business for the
month of __________

X
Dated: (Signature of Owner)
 Annex - G

To,

AGROY Finance & Investment Ltd.

B-7 Lajpat Nagar II
New Delhi – 110024

Dear Sir,

Letter of Authority / Undertaking

With respect to the clients introduced by me to open a trading account with you and
where I am the authorized representative of such clients, I hereby undertake and authorize
you as follows:

1. You are authorized to square off all the outstanding position any time on my behalf in
any trading account introduced and being represented by me, where the Mark-to-
Market Loss exceeds 80% of free cash deposit in such account.

2. I shall be responsible for giving trade confirmations and account statements to the
clients introduced and being represented by me.

3. I undertake to maintain order and trade logs, trade confirmations, acknowledgement

of clients on trade confirmations or voice recordings as an evidence of all trades
placed on the trading terminal allotted by you to us.

4. I shall not accept or pay cash to any client on behalf of the Company.

5. I shall ensure personal verification of all clients and authenticity of trades placed by
them or on their behalf by me. I will ensure that terms laid down in accounting
opening form are clearly read and understood by the clients introduced by me.

X
(Signature)

Name: …………………….……

Date: __________
Place: __________