Examples of Facsimile Instruction in a sentence
The Unit Holder / Investor further accept that the Facsimile Instruction shall not be considered until time stamped appropriately as a valid transaction request in the Scheme in line with the SEBI Regulations.
Any transaction entered into by the AMC/ Mutual Fund / Registrar pursuant to a Facsimile Instruction in good faith and in the absence of gross negligence, default or fraud shall be binding upon the Unit Holder / Investor whether made with or without his / her authority, knowledge or consent.
The AMC / Mutual Fund reserves the right to reject the application in case the original varies from the Facsimile Instruction received.
In case of Telex Instruction or Facsimile Instruction, such Instruction will only become valid until the Bank confirms the instructions with the Customer over the phone.
The Bank shall, however, be at liberty to require receipt by it of an original written confirmation of a Facsimile Instruction, Telex Instruction or Verbal Instruction from the Customer or Authorized Person prior to executing any instructions contained in such Facsimile Instruction, Telex Instruction or Verbal Instruction.
Thus, the Bank shall not be under any obligations to enquire into the genuineness of any Verbal Instruction, Telex Instruction or Facsimile Instruction nor into the good faith of the person giving any Verbal Instruction, Telex Instruction or Facsimile Instruction and such Facsimile Instruction, Telex Instruction or Verbal Instruction shall be binding on the Customer.
Further, the Bank shall be entitled to accept as genuine and act upon any signature which in the Bank's reasonable opinion appears to be the signature of the Customer or Authorized Person on a Facsimile Instruction or a Telex Instruction, whether or not it is in fact the signature of the Customer or Authorized Person.
In case of Initial Purchases, the transaction shall be processed and units allotted on the basis of the time stamped Facsimile Instruction, provided all requisite physical / original documents (subject to the same being in order) are submitted to the AMC / Mutual Fund / Registrar by 2.30 pm on the same day in case of JPMorgan India Liquid Fund and 5.30 pm on the same day in case of JPMorgan India Treasury Fund, JPMorgan India Active Bond Fund and JPMorgan India Short Term Income Fund.
Further, the Applicant agrees and declares that it is the Applicant’s sole responsibility to send the original hard copy of the Facsimile Instruction to the Bank.
Callbacks may be recorded by tape recording device and the Unit Holder / Investor consents to such recording and agrees to co-operate with the AMC / Mutual Fund / Registrar to enable confirmation of such Facsimile Instruction requests.