FAQs

Where are my funds held?

Your cash balance will be held by SAL SECURITIES PVT LTD in company's client account in the bank, and it will be reflected in your account statement.

Can I authorize someone else to trade in my account on my behalf?

Yes. This can be done through a Letter of Authority (LOA). A LOA addressed to SAL Securities Pvt Ltd. is provided with the account application form.

How can I place my orders?

Orders can be placed through logging on to your user account through KITS, if you have the connection or through the telephone call to our assigned equity dealer.

Am I able to change or cancel an order?

An order can be changed or cancelled through KITS or through equity dealer before trade execution.

How will I be notified of trade executions?

An email confirmation will be sent to you after the completion of back office process through the automated software on the same day. Alternatively, you can also make a telephone call to the assigned trade executor to confirm trade executions.

What is the Central Depositary Company (CDC)/Central Depository System (CDS)?

The CDC is a company that operates an electronic share register called the Central Depositary System (CDS). The CDS eliminates the need for physical movement of share certificates. It solves investor problems relating to stock handling on the settlement date, registration of shares, and corporate action. Clients are required to open a CDS sub-account with SAL SECURITIES PVT LTD, for which a form is included in the account application booklet.

How do I transfer my holdings in the CDS to a broker?

You are required to transfer your holding to the broker's CDS account. If you have a CDS Investor Account you can issue transfer instructions. Alternatively, you can instruct your custodian/existing broker holding your shares to transfer those shares. You will be able to trade those shares after its receipt by SAL Securities PVT LTD.

What taxes will I be liable to as an equity investor?

The following taxes are levied by Federal Government:

• Capital Value Tax (CVT) on the purchase value of shares.
• Federal Excise Duty
• Capital gains tax on income from equity trading
• Dividend income is subject to withholding tax; the paying company deducts the tax at source at various rates based on the recipient's status.
• Certain Muslim investors are subject to Zakat (an Islamic wealth tax) on the value of their equity holdings.

For further details you should seek professional tax guidance.