Liability clause in Zerodha's agreement

#1
@zerodha: Your "SUPPLEMENTARY AGREEMENT BETWEEN STOCK BROKER & CLIENT" says:
16. Notwithstanding anything contained in these presents, any amounts which are overdue from the client or a member of the client's family towards trading either in the cash, F&O or derivatives segments or on account of any other reason to the Stock Broker or to any of the Stock Broker's group or associate companies will be charged delayed payment charges at the rate of 1.5% per month or such other rate as may be determined by the Stock Broker. The client hereby authorizes the Stock Broker to directly debit the same to the account of the Client at the end of each month. The client also authorizes the Stock Broker to debit charges for depository services to the trading account.
a. The client also agreed that any outstanding amount in his account or his spouse/relative or any company in which he is director or substantial share holder, shall be adjusted by the stock broker out of credit balance/shares or securities in any other aforesaid account.
What exactly is meant by:
  1. member of the client's family
  2. Stock Broker's group
  3. associate companies
  4. relative
  5. substantial share holder

:confused: :confused: I'm hesitant to sign here because the scope of liability seems to be broad and ill-defined.

@other readers: Do other brokers also have a similar clause in their agreements? I know nobody here can offer legal advice, but an informal discussion on this issue will be helpful for the community.
 
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