Upstox and RKSV Commodities: Key Details and Compliance Information
Upstox Securities Pvt. Ltd. operates under SEBI Registration No. INZ000315837 and holds the NSE TM Code: 13942 and BSE TM Code: 6155.
The organization is registered under CDSL with No. IN-DP-761-2024 and possesses a Corporate Identification Number (CIN) of U65100DL2021PTC376860. For compliance inquiries, Mr. Kapil Jaikalyani serves as the Compliance Officer.
Interested parties can reach the office at (022) 24229920 or via email at [email protected]. The registered office is situated at 809, New Delhi House, Barakhamba Road, Connaught Place, New Delhi – 110001.
Similarly, RKSV Commodities India Pvt. Ltd. retains SEBI Registration No. INZ000015837 and operates under the MCX TM Code: 46510. Its CIN is U74900DL2009PTC189166, with Mr. Amit Lalan designated as the Compliance Officer, reachable at the same telephone number and via email at [email protected].
The registered address mirrors that of Upstox in New Delhi, with a correspondence address at 30th Floor, Sunshine Tower, Senapati Bapat Marg, Dadar (West), Mumbai – 400013. For any grievances, contact [email protected] or [email protected].
To file a complaint through the SEBI SCORES portal, users must register and provide essential details, including name, PAN, address, mobile number, and email ID.
This facilitates efficient communication and swift resolution of complaints. It’s crucial to review the Risk Disclosure Document directed by SEBI, along with our Terms of Use and Privacy Policy.
Upstox Securities Private Limited serves as a wholly owned subsidiary of RKSV Securities India Private Limited, while RKSV Commodities India Private Limited is affiliated with the same parent company.
Disclaimer: Investing in the securities market entails inherent risks; thus, it is imperative to scrutinize all relevant documents prior to making any investment decisions.
*Brokerage fees will adhere to the limits set forth by SEBI.
Derivatives Risk Disclosures
- 90% of individual traders engaged in equity futures and options experienced net losses.
- On average, loss-incurring traders recorded net trading losses nearing ₹50,000.
- In addition to these losses, they expended an extra 28% as transaction costs.
- Profitable traders incurred transaction costs equivalent to 15%-50% of their profits.
Regarding mutual funds, it is essential to note that top-rated options do not constitute endorsement. Research data is powered by Morningstar, and investors should meticulously review offer documents before committing funds. Upstox disclaims any liability stemming from investment actions taken by its clients.
These are not exchange-traded products, and Upstox acts solely as a distributor. Disputes related to distribution activities are not eligible for exchange-related investor redressal or arbitration mechanisms.
Investor Advisory: Following notifications from the NSE and BSE, as of July 6, 2022, and MCX on July 11, 2022, investors are urged to refrain from engaging in unauthorized collective investment schemes or portfolio management services promising guaranteed returns. Caution is particularly emphasized regarding:
- Sharing trading credentials, including login IDs, passwords, and OTPs.
- Trading in leveraged products or derivatives like options without adequate understanding may yield significant losses.
- Engaging in option writing or trading based on unsolicited tips without comprehension of associated risks.
- Interacting with unsolicited tips through various communication platforms such as WhatsApp, Telegram, and social media.
- Trading in options based on advice from unregistered or unauthorized individuals.
Please consult the Advisory Guidelines for Investors issued by the Exchange for comprehensive insights regarding awareness and client asset protection, in line with circulars dated August 27, 2021.
Additionally, review the exchange’s advisory related to mandatory KYC updates by March 31, 2022: KYC Updation.
Investor Transactions and Security Measures
Investors are advised to prevent unauthorized activity in their Demat accounts by updating their mobile numbers with their depository participants. This ensures prompt alerts for debit transactions and other significant changes directly from CDSL on the same day.
Furthermore, ensure that mobile numbers and email addresses with stock brokers are current, so information regarding transactions reaches directly from the Exchange.
KYC compliance is a one-time obligation with SEBI-registered intermediaries. Once completed, there is no necessity to resubmit when engaging with other financial entities. Upstox does not provide stock recommendations or endorse any third-party services claiming affiliation.
Suspicions regarding such claims can be reported via email at [email protected] or [email protected].
There is no requirement for investors to issue cheques when subscribing for IPOs; simply providing the bank account number and authorization will suffice. Funds remain securely within the investor’s account until allotment.
Stockbrokers may only accept securities as margin through a pledge in the depository system, effective September 1, 2020.
Updating your email ID and mobile number with your stock broker/depository participant allows for the direct receipt of OTPs for pledge creation.
Regularly consult the Consolidated Account Statement (CAS) issued monthly by NSDL/CDSL to verify your holdings, be it securities, mutual funds, or bonds.
Investor Alert: SEBI has initiated an Online Dispute Resolution (ODR) Portal aimed at enhancing the dispute resolution framework within the Indian Securities Market. This new mechanism offers online conciliation and arbitration, promoting expedient resolutions for both investors and listed companies.
Source link: Upstox.com.
