Our Merger application has been Approved

 

 

Dear Valued Investor,

This correspondence is with reference to your Commodity Trading Account held with Goodwill Comtrades Pvt Ltd.

We are delighted to inform that as per SEBI Circular No. SEBI/HO/MIRSD/MIRSD1/CIR/P/2017/104 dated September 21, 2017; we have submitted our application for integrating broking activities in Equity Markets and Commodity Derivative Markets under a single entity to Multi Commodity Exchange of India Ltd (MCX).

Our Merger application has been approved by the exchanges and we are transferring the membership of commodity derivative business from M/s. Goodwill Comtrades Pvt Ltd. (Transferor) to M/s. Goodwill Wealth Management Pvt Ltd. (Transferee) and all client accounts and their positions at the end of 21st June 2019will be transferred to M/s. Goodwill Wealth Management Pvt Ltd.

WHAT CHANGES AND BENEFITS ARE THERE FOR YOU?

  • You can now provide security collateral for commodity trading.
  • You will be provided the option for moving funds between the segments which will be processed at the end of the day and balance will be available for the next trading day. Hence there will be no necessity to take a payout from
    Commodities segment and make payin to Equity/Currency segment.
  • If any shortfall in the margin, you may choose to move the funds between
    the segments.
  • Transfer of funds (NEFT/RTGS/Cheque) will be carried out through
    Goodwill Wealth Management Pvt Ltd Bank Accounts only.
  • For all segments, you can transfer funds in a single bank with new features
    via eCMs facility (To Refer user manual – CLICK HERE)
  • If you are an existing equity client and want to open commodities account,
    then there is no need for a separate KYC. A Consent letter alone will activate the commodity segment. ( CLICK HERE to Activate)

WHAT DOES NOT CHANGE FOR YOU?

  • There will be no change in your Unique Client Code.
  • There is no change in brokerage scheme opted by you.
  • Margins and Limits and RMS policies governing commodities trading will remain the same.

PLEASE NOTE THE FOLLOWING

  • All commodity ledger balances after the trading on 21st June 2019 will be
    transferred to the Transferee Company including margins if any.
  • All existing Open positions as of 21st June 2019 will be transferred to the
    Transferee Company.
  • Running Account Settlement will be effected with the maximum retainable balance of Rs.10,000/- as per the chosen periodicity (monthly / quarterly) at the time of
    account opening.
  • There is no change in the terms and conditions/policies and procedures
    published in our portal www.gwcindia.in.

No action required from your side, if you agree to transfer of your commodity
trading account to Goodwill Wealth Management Pvt Ltd.

It is our endeavor to ensure a seamless transition and we look forward to providing you with continued service. However, if you have any objection regarding the transfer of your commodity trading account, you may write to admin@gwcindia.in on or before 23rd June 2019.

If you require any further guidance/clarifications, please write to us on admin@gwcindia.in or call us on 044-4032 9999.

We thank you for your co-operation and look forward to your continued support.

Assuring you of our best services at all times.

 

For all segments, you can transfer funds in a single bank with new features
via eCMs facility (To Refer user manual – CLICK HERE)

 

Best Wishes,
Goodwill Team!

Leave a reply:

Your email address will not be published.

Site Footer

© 2018 GOODWILL - ALL RIGHTS RESERVED