TERMS AND CONDITIONS FOR CRP

  1. Clients whose accounts are activated post 1st September, 2020 till 31st December 2020 will be eligible for this program.

  2. 20% of brokerage generated by referee on all trades will be shared for Lifetime.

  3. 20% brokerage shared will be credited to the referrer account by 5th of the next month after account activation & trades executed in a month.

  4. This offer is valid for Direct LKP Securities Limited Clients only.

  5. Referee should open an account in Direct Active Equity, FNO segment. The mobile number and Email ID at the time of referring and opening an account should be the same. It can be changed at a later stage once the account is opened.

  6. If a person is been referred by 2 individuals, then the person who has referred 1st will be considered.

  7. The mobile no at the time of referring and opening an account should be the same.

  8. 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.

  9. Account activated in equity segment will be considered.

  10. The Referrer confirms of having obtained the consent of the person referred for providing his/her details. Referrer is liable to settle any dispute with the prospective client till the onboarding process and no legal action can be taken against LKP Securities Limited by prospective clients.

  11. In case of any dispute, the decision of LKP Securities Limited management will be final and binding.

  12. No other offer can be clubbed with this Referrer program offer during opening and account.

  13. LKP Securities Limited reserves the rights to withdraw OR make any require changes to this offer any time before the validity period mentioned without any prior notice.

Agreement for CRP

  1. During the period of the contract, the Referrer will be paid referral reward as per the details given below:-

  2. 20% of brokerage generated by referee on executed trades will be shared for lifetime.

  3. 20% brokerage shared will be credited to the referrer account by 5th of the next month after account activation & trades executed in a month.

  4. The Referrer will abide by LKP Securities Limited code of conduct in force from time to time and shall not conduct himself/herself in any manner, which could conflict with the interest of LKP Securities Limited.

  5. The Referrer shall not solicit or endeavor to entice, directly or indirectly any client referred by him to LKP Securities Limited to obtain services of any competitor of LKP Securities Limited.

  6. The Referrer will not divulge to any person or utilize any of confidential information pertaining to the clients, details of Holding or Associate companies of LKP Securities Limited or any other information in connection with the business procedures etc., which he/she may possess by reason of his/her association with LKP Securities Limited to any person or entity outside LKP Securities Limited.

  7. The Referrer shall not use any material other than the written material provided by LKP Securities Limited for promotion of LKP Securities Limited products.

  8. The Referrer shall not assure any returns or make any presentation to the prospective clients, which is not authorized, approved and provided by LKP Securities Limited.

  9. The Referrer shall make aware the prospective client of all the terms and conditions as provided by LKP Securities Limited, for availing the products of LKP Securities Limited and shall not make any misrepresentation or false promises to the prospective client.

  10. The Referrer 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 LKP Securities Limited. The Referrer shall not make any false promises to the prospective clients with regard to the brokerage and other charges.

  11. LKP Securities Limited 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 referrer wish to terminate the contract he/she will also have to give one week’s written notice to LKP Securities Limited.

  12. LKP Securities Limited 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 Referrer. In case of termination of the contract by LKP Securities Limited, the referral rewards for the relevant previous month may not be paid by LKP Securities Limited at its sole discretion.

  13. LKP Securities Limited 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 Referrer if found making any misrepresentation to the prospective clients or existing clients.

  14. LKP Securities Limited 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 Referrer if found that the Referrer has provided false information about himself / herself or has forged and documents pertaining to the Referrer himself / herself or any of the clients / prospective clients.

  15. The Agreement is intended for the promotion of LKP Securities Limited products only.

  16. In case of any grievance/concerns raised by any reference, referrer will be liable and responsible for sharing the details without referee’s consent.