Policy on Limit Setting

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Policy on Limit Setting

The stock broker may from time to time impose and vary limits on the orders that the clients can place
through the stock brokers trading system (including exposure limits, turnover limits, limits as to number,
value and / or kind of securities in respect of which orders can be placed. The client is aware and agrees
that the stock broker may need to vary or reduce the limits or impose new limits urgently on the basis of
the stock brokers risk perception and other factors considered relevant by the stock broker including but
not limited to limits on account of exchange / SEBI directions / limits (such as broker level / market level
limits in security specific / volume specific exposures etc. and the stock broker may be unable to inform
the client of such variation, reduction or imposition in advance. The Client agrees that the stock broker
shall not be responsible for such variations, reduction or imposition of client’s inability to route any
order through the stock brokers trading system on account of such variation, reduction or imposition of
limits. The client further agrees that the stock broker may at any time, at its own discretion and without
prior notice, prohibit or restrict the clients ability to place orders or trade in securities through the stock
broker or it may subject any order placed by the client to a review before its entry into the trading
systems and may refuse to execute / allow orders. The client agrees that the losses if any on account of
such refusal or due to delay caused by such review, shall be borne exclusively by the client alone.