Monday, October 10, 2011


Our client is a Global Engineering services and IT solution Company providing Engineering design related solution, IT consulting and outsourcing.
They are a team of Seasoned Engineers, Designers, Project Leaders, Consultants and Trainers with several hundreds of collective man-years experience in Oil & Gas, Marine, FPSO/FSO Design Operations, and Project Execution & Maintenance.
They are looking for candidate for the following
Position / Job Title: Ducting Supervisor
Candidate must possess at least a Bachelor's/College Degree, Engineering (Mechanical) or equivalent.
At least 5 year(s) of working experience in the related field is required for this position.
Good communication skills in English.
Must be hardworking, honest and responsible. Can work well with others.
Age: 27 - 45 years old Please send updated resume to
KBS Consultants deliver successful placements through policies of personalized service and confidentiality, coupled with the most ethical, professional standards in the recruiting industry. Our consultants working with clients in various industries in order to provide the best possible people for job positions. Our range of clients include multi-national corporations, to mid-size public and privately owned businesses, entrepreneurial start-ups and non-profits.
Contact us:
KBS Consultants
No, 5 Natesan Road
Ashoknagar, Chennai
600 083 India
Ph: +91 44 24895341 or
+91 44 23719622
Mobile: +91 9380633572
Email Address:

Monday, December 13, 2010

Indiainfoline Ltd. Policies & Procedures




India Infoline Limited (“IIL”) normally offers trading facility to its clients in all the compulsorily dematerialised stocks which are listed on the Stock Exchanges. However IIL discourages / restricts trading in penny stocks by the clients as they are susceptible to manipulation and risky for investors and in turn to IIL. “Penny Stocks” for this purpose shall include:
a. Stocks appearing in the list of illiquid securities issued by the Exchanges from time to time.
b. Stocks which are highly illiquid and have a low market capitalization and ‘Z’ Group Securities.
c. Any securities as may be restricted for trading by Exchanges.
d. Any other securities as may be restricted for trading by IIL based on its internal evaluation.

As a part of Risk Management System, IIL restricts clients to buy / sell in penny stocks only on the basis of 100% upfront margin and on delivery basis. Also the trading in penny stocks may be permitted only upto quantity / value together as notified by its extant circulars. Further in case of Internet Trading clients, IIL may at any time at its sole discretion block / restrict the client’s online trading terminal to prevent the client from placing orders in such penny stocks through the Online Trading Platform of IIL. Further in case the client is able to place an order for penny stocks which are restricted by IIL through Online Trading Platform or otherwise, IIL may not accept such order.

IIL shall not be held liable for restricting / prohibiting trade in penny stocks at any time. Further IIL shall not be held liable or responsible in any manner whatsoever for any refusal/cancellation of orders for trading in penny stocks/other securities and the Client shall indemnify IIL in respect of any loss caused to IIL by virtue of the Client trading in penny stocks.


As part of risk management, India Infoline Limited (“IIL”) shall set client’s exposure limits depending on the type of securities provided as Margin / available funds in the client’s ledger plus Fixed Deposits / Bank Guarantees provided by the client and the client profile/ financial status. Exposure limits are also set based on categories of stocks / position (derivatives) client can trade. Securities that are acceptable as margin and their categorization may be changed by IIL from time to time at its sole discretion. Further client categorization may also be changed based on various factors including trading pattern of clients, profile / residential status / financial status of client.

IIL from time to time shall apply such haircuts as may be decided by IIL on the approved securities against which the Exposure limits are given to the client. IIL may from time to time change the applicable hair cut or apply a haircut higher than that specified by the Regulators/Exchanges as part of its Risk Management System.

Subject to the client’s exposure limits, client may trade in securities and / or take positions in the futures and options segment. Client shall abide by the exposure limits, if any, set by IIL or by the Exchange or Clearing Corporation or SEBI from time to time. Limits/Exposure provided shall vary based on the intraday/ delivery / carry forward positions made by the client.

The exposure limits set by IIL does not by itself create any right for the Client and are liable to be withdrawn at any time without notice and the client shall bear the loss on account of withdrawal of such limits. The client agrees to compensate IIL in the event of IIL suffering any loss, harm or injury on account of exposure given and/or withdrawn.

In case of sale of Securities, such sale may at the discretion of IIL be provided only to the extent of the availability of securities in the account of the client (DP free Stock, DP lien/hold marked securities, beneficiary and collateral stock). Further the credit received against sale may be used for exposure as may be decided by IIL from time to time.

In case of derivatives, Clients shall be allowed to trade only upto the applicable clientwise position limits set by the Exchanges/Regulators from time to time. IIL may from time to time demand additional margin from the client in the form of funds or securities if there is a requirement for the same and the client shall be required to provide the same.


The Schedule of Brokerage and other charges leviable by IIL on the clients are provide under the heading “Schedule of Brokerage and Other Charges” in this Form. Within the mentioned scale, the brokerage and other charges as agreed by the client is indicated and duly signed by the client in that section. If there is any upward revision of brokerage, the same will be informed to the client with 15 days prior notice. However all the brokerage and other charges are subject to the maximum limits as prescribed by SEBI / Exchanges/ Government and other Regulatory authorities from time to time.


The clients are required to settle the pay-in / provide margin within the time limits provided by Exchanges / SEBI/IIL risk management system. In case the client fails to provide the same within the prescribed time, delayed payment charges shall be levied on the client’s account on any delayed payments towards trading either in the cash or derivatives segments or on account of any other reason beyond the due date of payment as may be prescribed by IIL. Such delayed payment charges shall be directly debited to the account of the Client at the end of every month. This is only a penal measure and brings in discipline in the clients to clear the dues in time as IIL had to clear its obligations to the Exchange as per the time limits set by the Exchanges. IIL reserves the right of imposition of delayed payment charges on the client account and the client shall be liable for payment of such charges at such rate as may be prescribed by IIL from time to time.


As a part of its Risk Management System, IIL shall have the sole discretion to square off the open position of the Client and / or sell clients’ securities (including securities maintained as margin with IIL and securities lying in client’s beneficiary / demat account) in case the client fails to meet its settlement / margin obligations in time. The specific securities to be sold and the positions to be squared off shall be decided solely by IIL. Further, the square off of client’s open position or the selling of securities may be executed on such Exchanges and at such price as may be decided by IIL. IIL shall have no obligation of communicating the same to the Client. IIL shall not be responsible for any losses incurred by the client due to such squaring off of the open position of the client. IIL reserves the right to square off client’s open positions or sell clients’ securities under following circumstances:
a. where the limits given to the Client have been breached;
b. where the Client has defaulted on their existing obligation and / or have failed to make payments/deliver securities to IIL within the stipulated time period as may be prescribed by IIL.
c. In addition to above, in case of equity and currency derivatives transactions,
a. where the margin or security placed by the Client with IIL falls short of the applicable minimum margin as may be required to be maintained by the client;
b. where Mark to Market Loss on the open position has reached the stipulated % of the margins placed with IIL and the Client(s) have not taken any steps either to replenish the margin or reduce the Mark to Market Loss;
c. if the open position is neither squared off nor converted to Delivery by Client(s) within the stipulated time.

IIL reserves the right to square off the open position of client and / or sell client’s securities under the prescribed circumstances, however IIL is not obligated and does not guarantee to square off the open positions and / or sell client’s securities. The client shall be solely responsible for the trading decisions taken by the client. It shall be the responsibility of the client to make payments towards outstanding obligations and /or applicable margins to IIL in time irrespective of whether IIL exercises its right to square off the positions of the client in accordance with the provisions given herein above.

Client shall be solely responsible for any resultant losses incurred to client due to selling of client’s securities by IIL or squaring off the client’s open positions or for not doing so. All losses in this regard shall be borne by the CLIENT and IIL shall be fully indemnified and held harmless by the CLIENT in this behalf.

The CLIENT accepts to comply with IIL's requirement of payment of Margin/settlement obligations of the Client, immediately failing which IIL may sell, dispose, transfer or deal in any other manner the securities already placed with it as Margin/lying in the beneficiary account of IIL or square-off all or some of the outstanding F&O positions of the CLIENT as it deems fit at its sole discretion without further reference to the CLIENT and any resultant or associated losses that may occur due to such square -off/sale shall be borne by the CLIENT and IIL shall be fully indemnified and held harmless by the CLIENT in this behalf at all times.


In case the client defaults on its existing obligation and in the event the trade has been internally netted off by IIL, there could be internal shortages. The internal shortages are marked against the client randomly at the sole discretion of IIL taking into account the delivery obligations through Exchanges. In case of failure of delivery the client marked for internal netting of trade, the same shall be met through fresh market purchases and the loss on account of the said purchases will be charged to the defaulting client’s account. However, defaulting client will not be eligible for any profit on account of this.

IIL shall not be responsible for losses to the Client on account of such shortages. All losses to the client on this account shall be borne solely by the client and the Client shall indemnify IIL in this respect.


In addition to the conditions as provided under the policy of right to sell securities and close out client’s open position as detailed in point 4 above, IIL shall have the right to refuse to execute trades/allow the client to take further positions and / or close out the existing positions of client under following circumstances:
a. As a result of any Regulatory directive / restriction;
b. Non-receipt of funds / securities and / or bouncing of cheque received from the client towards the obligations/ margin/ ledger balances;
c. Due to technical reasons;
d. securities breaching the limits specified by the Exchanges/regulators from time to time
e. in case of failure to meet margin including mark to market margins by the client;
f. In case securities to be transacted by client are not in dematerialized form
g. Any other conditions as may be specified by IIL from time to time in view of market conditions, regulatory requirements, internal policies etc and risk management system;
h. Due to any force majeure event beyond the control of IIL
IIL shall not be responsible for any loss incurred and the client shall indemnify IIL in this regard.


IIL may suspend or close the trading account of the client pursuant to SEBI or any other Regulatory directive for such period as may be prescribed by the respective Regulator. IIL may further at its sole discretion and with/ without information to the CLIENT, prohibit or restrict or block the CLIENT's access to the use of the web site or related services and the CLIENT's ability to trade due to market conditions and other internal policies including policy with respect to prevention of money laundering.

Client can initiate temporary suspension / closure of its account at any time by giving a request to IIL in writing 15 days in advance. However, such suspension / closure will be effected subject to clearance of all dues and settlement obligations by the client.

Trades in the account of the client during the period of such temporary suspension shall not be permitted.

Notwithstanding any such suspension / closure, all rights, liabilities and obligations of the parties arising out of or in respect of transactions entered into prior to such closure / suspension shall continue to subsist and binding on the client.

In case the account has been temporarily suspended at the request of the client, the account shall be reactivated only on submission of a written request for reactivation by the client.


Deregistration of the client /Termination shall be at the sole discretion of IIL. IIL may deregister the client if the client breaches the terms and conditions of the member–client agreement or provides any false information or declarations. Further IIL may deregister the client if the client is suspected to be involved in any activities in violation of applicable Rules and Regulations. Further the client may be deregistered due to any Regulatory directive, market conditions and other internal policies of IIL including policy with respect to prevention of money laundering. Such deregistration/termination shall not effect the rights and liabilities of the parties in respect of the transactions executed before the date of such deregistration/termination.


In case the Trading and / or demat account of the client is not operated by the client for a continuous period of six months the same will be considered to be ‘Inactive Account’. Such Inactive account will be blocked for further transactions by the client. The client will have to submit following documents / confirmation, for re-activation of such blocked account:
1. Call the Customer Care centre identifying himself (through validation questions) and requesting for activation of account for placing orders / transacting in the account; OR
2. Client can give the duly signed request in writing at any of the Branch offices of India Infoline Ltd.; OR
3. By placing request for re-activation of account through the Internet Trading portal.

During the blocked period if there is any debit / dues to India Infoline Ltd in client’s account, IIFL shall have the authority to liquidate the client’s position to the required extent during the block period.

During the block period if any corporate actions or pay-outs are due for return to the client, the same will be affected / returned by IIFL to the client’s account.

The above policies and procedures are subject to change / updation by IIFL from time to time. The updated policies and procedures of IIFL shall be posted on the website of IIFL . Clients are required to refer to the updated policies and procedures and abide by the same.

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