Terms & Conditions for Research Services
- Availing Research Services
By accepting delivery of the research service, you (the “Client”) confirm that you have elected to subscribe to the research services of Jamnadas Virji Advisory at your sole discretion. The RA confirms that all research services will be rendered in accordance with the Securities and Exchange Board of India (Research Analysts) Regulations, 2014 (“RA Regulations”) and other applicable laws.
- Obligations of the Research Analyst
The RA and Client shall comply with the SEBI Act, 1992, RA Regulations, and all applicable rules, regulations, and government notifications in force from time to time.
- Client Information & KYC Requirements
- The Client shall provide complete and accurate details in the RA’s standard form, including supporting documents as mandated by SEBI/RAASB.
- The RA will collect, store, and verify KYC records with a SEBI-registered KYC Registration Agency (KRA).
- Standard Terms of Service
By consenting to these terms, the Client acknowledges:
“I/We understand that:
- Investments based on RA recommendations are subject to market risks.
- Recommendations do not assure returns.
- No recourse exists for losses incurred from acting on RA recommendations.”
Declaration by the RA:
- The RA is registered with SEBI (Registration No. INH000006697).
- The RA holds valid qualifications under RA Regulations.
- Services provided do not conflict with any laws, contracts, or regulations.
- Maximum Fee: ₹1,51,000 per annum per client family for Individuals & HUF clients (exclusive of statutory charges).
- For Individual RAs: Declares no conflicting professional/business activities to influence research independence.
- Consideration & Payment Terms
- Fees for services and statutory charges shall be paid through agreed modes (e.g., bank transfer, Online, CeFCoM).
- Advance payments, if any, shall not exceed fees for one quarter.
- Risk Factors
Investments in securities carry inherent risks, including market volatility, liquidity risks, and regulatory changes. Past performance is not indicative of future results.
- Conflict of Interest
The RA adheres to SEBI guidelines for disclosing and mitigating actual or potential conflicts of interest.
- Termination & Refund Policy
- The RA may suspend/terminate services if its registration is suspended/cancelled by SEBI.
- Pro-rata refunds will be issued for unexpired periods in case of termination.
- Grievance Redressal
- Clients may escalate grievances to [Mr.Sumit Hemnani] at [support@tradonomy.in].
- Resolution timelines: 7 business days or as per SEBI guidelines.
- Disputes may be resolved through arbitration or SEBI-specified mechanisms.
- Most Important Terms & Conditions (MITC)
““The terms and conditions and the consent thereon are for the research services
provided by the RA and RA cannot execute/ carry out any trade (purchase/ sell
transaction) on behalf of the client. Thus, you are advised not to permit RA to
execute any trade on your behalf.””
- Additional Clauses
Voluntary clauses added by the RA will not contravene SEBI regulations. Changes require 15 days’ prior notice.
- Mandatory Notice
Clients must review SEBI’s Do’s and Don’ts (Master Circular No. SEBI/HO/MIRSD-POD-1/P/CIR/2024/49) available at [www.sebi.gov.in].
- Centralised Fee Collection Mechanism (CeFCoM)
Clients may opt to pay fees via the optional CeFCoM platform, details of which will be provided separately.
Contact: [Jamnadas Virji Advisory, Brand Name “Tradonomy”], [support@tradonomy.in], [+919930076007]
This document is governed by Indian law. Jurisdiction for disputes lies in Mumbai, India.
End of Terms & Conditions