Refer & Earn

TERMS AND CONDITIONS

1. Reward for Referrer *
Incentives will be given for opening trading account subject to minimum of Rs.10,000/- Cash margin.
a. 3 Accounts = Rs.225/- per A/c.
b. 10 Accounts = Rs.250/- per A/c.
c. 20 Accounts = Rs.300/- per A/c.
2. Referee account has to be activated within 30 days of referral given.
3. Cash margin added on the referee account activation date will only be considered.
4. All the rewards will be credited to the referrer/ referee account within 45 days of account activation.
5. This offer is valid for Direct Clients w.e.f. 16th January, 2021
6. If a person has been referred by 2 individuals, then the person who has referred 1st will be considered.
7. No family accounts are considered for referral contest.
8. The mobile no at the time of referring and opening an account should be the same.
9. Margin amount cannot be withdrawn within 1 month of account activation.
10. Account activated in equity and commodity segment will be considered.
11. If the details provided for referrals are incomplete/ incorrect/ invalid, the Referrer who has provided a reference shall not be entitled to any reward under the Referral Program
12. The Referrer confirms of having obtained the consent of the person referred for providing his/her details.
13. In case of any dispute, the decision of LABDHI management will be final and binding.
14. No other offer can be clubbed with this Referrer program offer during opening an account.
15. LABDHI reserves the rights to withdraw this offer any time before the validity period.

Agreement applicable to Introducer / Referrer

1. During the period of the contract, the Introducer will be paid referral reward as per the details given below:-
a. Lifetime 10% Brokerage sharing in the form of incentive given if Referee account is activated with minimum Rs.10000 cash margin/minimum Rs.2000 brokerage within 30 days of account activation (any one)
2. The referring person should not undertake any form of selling/advisory activities w.r.t securities and should not manage the portfolio of any person who is being referred. He/she should strictly limit his/her role to “Referral” only.
3. The referred client shall not be subjected to any kind of trade inducement by the referring person and it shall be ensured that all instructions for placement of orders are obtained from the respective clients only.
4. All the details/information pertaining to the client shall be maintained confidentially and the same should not be disclosed to any person except as required under any law/regulatory requirements or with the express written permission of the client.
5. All correspondences viz. contract notes, daily margin statement, statement of accounts, Annual global transaction statements etc. should be sent to the respective client only and under no circumstances will go to the referring person.
6. The referring person cannot conduct IPV/OSV.
7. Incentive amount should not be recovered from the client being referred and no obligation whatsoever should be cast on such client. There should be no financial transaction between the referred client and the referring person under the arrangement.
8. Member shall be directly and wholly liable in case of any dispute w.r.t. referral program/incentive scheme or calculation of referral income between broker-referred/ referring person.
9. The Introducer shall not solicit or endeavour to entice, directly or indirectly any client introduced by him to LABDHI to obtain services of any competitor of LABDHI.
10. The Introducer will not divulge to any person or utilize any of confidential information pertaining to Holding or Associate companies of LABDHI or any other information in connection with the business procedures etc., which he/she may possess by reason of his/her association with LABDHI to any person or entity outside LABDHI.
11. The Introducer shall not use any material other than the written material provided by LABDHI for promotion of LABDHI products.
12. The Introducer shall not assure any returns or make any presentation to the prospective customers, which is not authorized, approved and provided by LABDHI.
13. The Introducer shall make aware the prospective customer of all the terms and conditions as provided by LABDHI, for availing the products of LABDHI and shall not make any misrepresentation or false promises to the prospective customer.
14. The Introducer shall have no authority to prescribe the brokerage rates applicable to the clients and shall have no authority to change the brokerage rates as prescribed by LABDHI. The Introducer shall not make any false promises to the prospective customers with regard to the brokerage and other charges.
15. LABDHI shall be entitled at its discretion to terminate the contract at any time without assigning any reason whatsoever, by giving one week’s notice. In case the Introducer wish to terminate the contract he/she will also have to give one week’s written notice to LABDHI.
16. LABDHI shall be entitled to terminate the contract forthwith and without any notice or payment in lieu of notice on account of moral turpitude, dishonesty, wrong selling, fraud, forgery, and unbecoming conduct on the part of the Introducer. In case of termination of the contract by LABDHI, the referral rewards for the relevant previous month may not be paid by LABDHI at its sole discretion.
17. LABDHI shall be entitled to terminate the contract forthwith and without any notice or payment in lieu of notice and take necessary legal action against the Introducer if found making any misrepresentation to the prospective customers or existing clients.
18. LABDHI shall be entitled to terminate the contract forthwith and without any notice or payment in lieu of notice and take necessary legal action against the Introducer if found that the Introducer has provided false information about himself / herself or has forged and documents pertaining to the Introducer himself / herself or any of the clients / prospective customers.
19. The arrangement is intended for the promotion of LABDHI products only.