Security protocol

Secrecy or Confidentiality

DIGITX takes all necessary steps to preserve and protect the details, particulars, data or information available in its Automated Trading System (ATS) and its computer systems. DIGITX causes its employees, who in the normal course of discharge of their duties, are likely to have access to details, particulars, data or information relating to any business transactions of the members of the DIGITX to maintain complete confidentiality in respect of all such details, particulars, data and information by those employees at all times.

DIGITX may provide or disclose such details, particulars, data or information relating to any business transactions of its members or in respect of any commodity or Digital Currency admitted to dealings on the DIGITX Trading Platform as may be required or directed in writing by any Court, Tribunal, Central or State Government, or any other competent regulatory or revenue authority empowered under any law or delegated legislation for the time being in force in that behalf.

No DIGITX member, approved user, authorized person or any of their employees shall be entitled to visit or inspect any premises of DIGITX, access whereto is restricted without prior written permission of the DIGITX or require discovery of any information with respect to any activities of DIGITX or any matter which is or may be in the nature of a trade secret, unknown of trade, secret process or any other matter which may relate to the conduct of business and which in the opinion of the Boardor Relevant Authority may not be expedient in the interest of the DIGITX to disclose.

Misconduct, UnBusiness like Conduct, Unprofessional Conduct and Prohibition of Fraudulent and Unfair Trade Practices: Members are liable to expulsion, suspension and / or withdrawal of all or any of its membership rights and / or to payment of a fine or Forfeiture of their Security Deposits/ Other Deposits and other amounts due and / or to be censured, reprimanded or warned for any misconduct, unbusiness like conduct or unprofessional conduct, fraudulent and unfair trade practices in the sense of the provision in that behalf contained herein.

Code Of Conduct

Misconduct:

Members shall be deemed guilty of misconduct for any of the following or similar acts or omissions namely:

Fraud:

If it is convicted of acriminal offence or commits fraud or afraudulentact which in the opinion of the Digitx and/or its Relevant Authority renders it unfit to be a Member.

Violation:

If it has violated provisions of any statute governing the activities, business and operations of DIGITX, Members and cryptocurrencies in general as in force at the relevant period of time when such activities are alleged

Improper Conduct:

If in the opinion of Digitx and /or its Relevant Authority, a member is guilty of dishonorable or disgraceful or disorderly or improper conducton DIGITX trading platform and / or will fully obstructing the business of the DIGITX.

Failure to Testify or Give Information:

If a Member neglects or fails or refuses to submit to the Relevant Authority or to a Committee or an Officer of DIGITX,authorized in that behalf, such books, correspondence, documents and papers or any part there of as maybe required to be produced or to appeal and testify be for ever cause any of its partners,attorneys, agents, authorized representatives or employees to appear and testify before the Relevant Authority or such Committee or officer of the DIGITX or any other person authorized in that behalf.

Failure to Submit Audited Accounts:

If it neglects or fails or refuses to submit it saudited accounts to the Relevant Authority within such time as may be prescribed by the Relevant Authority from time to time.

Failure to Compare or Submit Accounts with Defaulter’s Committee:

Ifthe Member neglects or fails to compare it's accounts with the Defaulter's Committee, if constituted or to submit to such committee a statement of its accounts with a defaulter or a certificate that it has no such account or if it makes a false or misleading statement there in.

Failure to Cooperate with Officials of the Regulators ( as and when constituted) DIGITX Inspection / Audit teams or Otherwise:

If a Member fails to cooperate with the Auditors/ officials of the Regulators/DIGITX inspection / audit team member, including system inspection/ Audit team members and or fails to furnish or submit any required documents, books of accounts, records, documents etc.

False or Misleading Returns:

If it neglects or fails or refuses to submit or makes any false or misleading statement in its clearing forms or returns required to be submitted to the Relevant Authority under the Bye- laws, Rules and Business Rules; as may be issued by DIGITX, from time to time.

Vexatious Complaints:

If it or its agent brings before the Relevant Authority or a Committee or an officer of DIGITX or other person authorized in that behalf, a charge, complaint or suit which in the opinion of the Relevant Authority is frivolous, vexatious or malicious.

Failure to Pay Dues and Fees:

If it fails to pay its subscription, fees, arbitration charges or any other money which may be due by it or any fine or penalty imposed on it.

Un-business like conduct

A Member shall be deemed guilty of un -business like conduct for any of the following or similar acts or omissions namely:

Fictitious Names:

If it transacts its own business or the business of its constituent in fictitious names.

Fictitious Dealings

If it makes a fictitious transaction or gives an order for the purchase or sale of cryptocurrencies, the execution of which would involve no change of ownership or executes such an order with knowledge of its character.

Circulation of Rumor's:

If it, in any manner, circulates or causes to be circulated, any rumor's,

Prejudicial Business:

If it makes or assists in making or with such knowledge is a party to or assists in carrying out any plan or scheme for the making of any purchases or sales or offers of purchase or sale of commodities /cryptocurrencies for the purpose of upsetting the equilibrium of the market or bringing about a condition in which prices will not fairly reflect market values.

Market Manipulation and Rigging:

If it, directly or indirectly, individually or in collusion with other persons, effects transactions in any commodity /cryptocurrencies to create actual or apparent active trading in such commodity/ cryptocurrencies or raising or depressing the prices of such commodity for the purpose of inducing purchase or sale of such commodity/goods /cryptocurrencies by others.

Unwarranted Business:

If it engages in reckless or unwarrantable or unbusiness like dealings in the market or effects purchases or sales for its constituent's account or for any account in which it is directly or indirectly interested, which purchases or sales are excessive in view of its constituent's or his own means and financial resources or in view of the market for such commodity /cryptocurrencies.

Compromise:

if it connives at a private failure of a member or accepts less than a full and bonafide money payment in settlement of a debt due by a member arising out of a transaction in contracts / commodities.

Dishonoured Cheque

if it issues to any other member or to its constituents a cheque which is dishonoured on presentation for whatever reasons.

Failure to carry trading with constituents:

If it fails in the opinion of the Relevant Authority to carry out its committed transactions with its constituents.

Unsatisfactory Financial Condition:

When in the opinion of the Relevant Authority it is in such financial condition that it cannot be permitted to do business with safety to its creditors or the DIGITX.

Unprofessional Conduct:

Members shall be deemed guilty of unprofessional conduct for any of the following or similar acts or omissions namely:

Business in cryptocurrencies in which Dealings Not Permitted:

If it deals or transacts business directly or indirectly or executes an order for a constituent who has within its knowledge failed to carry out engagements relating to commodities /cryptocurrencies and is in default to another Member unless such constituent shall have made a satisfactory arrangement with the Member who is it's creditor.

Business for Defaulting Constituent:

If it deals or transacts business directly or indirectly or executes an order for a constituent who has within its knowledge failed to carry out engagements relating to commodities /cryptocurrencies and is in default to another Member un less such constituent shall have made a satisfactory arrangement with the Member who is it's creditor.

Business for Insolvent:

If without first obtaining the consent of the Relevant Authority, it directly or indirectly is interested in or associated in business with or transacts any business with or for any individual who has been bankrupt or insolvent even though such individual shall have obtained his final discharge from an Insolvency Court.

Business without Permission when Under Suspension:

If with out the permission of the Relevant Authority,it does business on its own accountoron account of a principal with or through a Member during the period it is required by the Relevant Authority to suspend business on the DIGITX.

Business for or with Suspended, Expelled and Defaulter Members:

If without the permission of the Relevant Authority it shares brokerage with or carries on business or makes any deal for or with any Member who has been suspended, expelled or declared a defaulter.

Business for Employees of Other Members:

If it transacts business directly or indirectly for or with or executes an order for an authorized representative of another Member without the written consent of such employing Member.

Business for DIGITX’s Employees:

If it makes a speculative transaction in which an employee of DIGITX is directly or indirectly interested.

Advertisement:

If it advertises contrary to guidelines if any, issued by the Relevant Authority for advertisement by the Members.

Evasion of Margin Requirements:

If it will fully evades or attempts to evade or assists in evading the margin requirements prescribed by the Relevant Authority and/or in Bye Laws and Business Rules.

Brokerage Charge / Clearing Fees:

If it deviates from or evades or attempts to evade the Rules relating to charging and sharing of brokerage/clearing fees.

Dealings with entities prohibited to buy or sell or deal:

If it deals, directly or indirectly, in the course of its business with or transacts any business with or for any entity, which has been prohibited by the Regulatory Authority to buy or sell or deal in the commodity market / cryptocurrencies.

Note- The decision of the Board / Designated /Relevant Authority in this regard shall be final and binding upon the Members

*The term ‘Constituent’ / ‘Constituents’,shall mean and include a client or a customer or an investor, who deals with Digital / Cryptocurrencies for the purposes of acquiring and/or selling of Digital / Cryptocurrencies through DIGITX Trading Platform.

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