Terms & Conditions

1. Referred clients from one Client ID are not transferable to another Client ID in any way possible.
2. Commission/s are posted in the Ledger of the Referral on daily basis.  They can place the withdrawal request after a month at any point of time.
3. All payouts made to such clients under this Referral Incentive Scheme shall be post Tax Deducted at Source (TDS) which shall be at 5% or as per Applicable Income-tax Law.
4. The breakup of the brokerage generated from each Completed Referral will not be shown to referees/clients, and only a total of all brokerage generated from all Completed Referrals will be shown to clients/referees referring prospective clients under this Referral Incentive Scheme.
5. Only 50% brokerage generated from such Completed Referrals shall be shared, and this shall not include any other charges, such as; taxes, transaction charges, SEBI/Exchange related charges and such other charges.
6. If a client is not in compliance with Sec 206 AB & 206 CCA Income Tax Act 1961, or if the PAN & Aadhar have not been linked/furnished to the satisfaction of SKY, TDS will be applied at the rate of 10%

All clients requesting for withdrawal of any incentive payouts must abide by, declare and agree to all clauses stated below
I / we confirm and declare that there is no bar on me imposed by any Exchange or any Regulatory and / or Statutory authority to deal in Commodities directly or indirectly.
I / we am / are not a trading member or employee in the employment of another trading member;
I / we am / are not a SEBI Debarred entities as per data available in Exchange/s Website
I/We are accepting this incentive from SKY Broking only for the referral of new clients/persons, and have not carried out any other activities, such as any financial advisory, inducing persons to use or trade/transact with SKY Broking, providing stock tips, managing portfolios etc;
I/We understand that publishing any marketing or advertisement material requires permission/intimation towards the Exchanges. I/We will not & have not publish any marketing material without the explicit permission of SKY Broking.
I/We hereby declare that all the information and particulars given by me/us in this application and declaration are true to the best of my/our knowledge and belief. I/We agree to immediately inform you if there is any change in any of the information given in this form or its annexures. I/We also declare and agree that if any of the above statements are found to be incorrect or false or any information or particulars have been suppressed or omitted there from, I am / We are liable to be debarred from doing business on the stock exchange including stop sharing the commission/s.  I/We also agree to furnish such other information as you or the Exchange may require from me/us from time to time and I/We agree that if I/We fail to give such information, you shall have the right to cancel my/our Referral arrangement.