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M/s VINEET SECURITIES PVT LTD as a matter of policy accepts and realizes that the investor community is made of traders as well as investors. Whereas traders trade frequently, the investors trade with long gaps & long gaps communication with investors. The inactive client policy is framed keeping the same in mind:

What happens when a client is declared inactive?
On a client being declared inactive,

  • All the securities of the client are transferred into the last known demat account of
    the client.

  • All the funds of the client are returned to the client.

  • In case the demat account/ bank account details are not available and the client is
    not contactable, the securities/ funds are transferred into a separate account
    of VINEET SECURITIES PVT LTD and held till such time VINEET
    SECURITIES PVT LTD hears from the client or their representatives.

  • Trading in the client account is stopped.

Client declared inactive voluntarily

A client may write to Vineet Securities Pvt Ltd stating that he wishes to transfer his
account into an “inactive” status, based on which the account will be marked as such.

Client declared inactive by passage of time

Any client who has not traded continually for a period of 5 years and has also not renewed
his running account authorization for 5 continuous years will automatically be moved to
the “inactive” category.

Client declared inactive by law

Any client will be moved to the “inactive” category if required by law.

Procedure to activate the client

To reactivate the account;

  • the client is expected to write to the TM requesting for activation of the account.

  • based on which the account would be activated after due diligence by the TM. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Vineet Securities Pvt Ltd

Procedure for Inactive Clients

In case of dormant/inactive account, client in person present for requesting restart of trading
in his/her account in writing along with the identity proof at our office. Our official will verify
all the details of the client as filed at the time of account opening and in person verification. After verification & approved by the senior officer of the company, client can start trading in his /her account.

 

 
 
 
 
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