Terms & Conditions
Legal Framework Governing Access To Research Services, Investor Responsibilities, Regulatory Compliance, Risk Disclosure And Platform Usage.
Effective Date
01/01/2024
Last Updated
01/01/2024
Version
1.0
1. Introduction
These Terms and Conditions ("Terms") govern access to and use of the website, services, research publications, subscription plans, investor education materials, onboarding processes and related facilities provided by Dipak Das, a SEBI Registered Research Analyst ("Research Analyst", "we", "our", "us").
By accessing this website, using any service, submitting information, completing onboarding procedures or subscribing to research-related services, users acknowledge that they have read, understood and agreed to be bound by these Terms and Conditions.
If any user does not agree with these Terms, access to the website and related services should be discontinued immediately.
2. Legal Identity of the Research Analyst
For all regulatory, compliance, onboarding and grievance-related matters, users are advised to communicate only through officially published contact details.
3. Acceptance of Terms
By accessing, browsing or using this website, users agree to comply with these Terms and Conditions and all applicable laws, regulations and regulatory requirements.
Continued use of the website following any update or modification to these Terms shall constitute acceptance of the revised Terms.
Users who do not agree with these Terms must refrain from using the website and associated services.
Collection, processing and protection of personal information are governed by the Privacy Policy published on this website.
Users are encouraged to review the Privacy Policy before using the services.
4. Nature of Services
The website may provide access to various research-related, educational and informational services including but not limited to:
- Research reports
- Market commentary
- Technical analysis publications
- Educational content
- Investor awareness material
- Research-based subscription services
- Market observations and analytical reports
- Risk profiling and onboarding facilities
- Regulatory disclosures
- Investor protection resources
All information, reports, observations and research publications are intended for informational and research purposes and shall not be interpreted as guaranteed investment outcomes.
5. Eligibility
Access to services is available only to individuals who are legally competent to enter into binding agreements under applicable law.
Users represent and warrant that:
- Information submitted is accurate and complete.
- Identity documents provided are genuine.
- They are legally permitted to participate in securities market activities.
- They shall not impersonate any other individual.
The Research Analyst reserves the right to reject, suspend or terminate access where eligibility requirements are not satisfied.
6. Research Analyst Capacity
The services offered through this website are provided solely in the capacity of a SEBI Registered Research Analyst.
The Research Analyst does not act as:
- Portfolio Manager
- Investment Manager
- Custodian
- Stock Broker
- Depository Participant
- Fund Manager
- Wealth Manager
- Distributor of financial products unless separately disclosed
Nothing contained on this website shall be interpreted as creation of a portfolio management, fund management or discretionary investment management relationship.
7. No Execution of Trades
The Research Analyst does not:
All investment and trading decisions are independently executed by the investor using their own judgment and discretion.
The Research Analyst does not possess authority to buy, sell or transact securities on behalf of any client.
8. Investor Responsibility
Investors remain solely responsible for:
- Investment decisions
- Trading decisions
- Risk management decisions
- Position sizing decisions
- Capital allocation decisions
- Evaluation of suitability
- Verification of research before acting upon it
The Research Analyst shall not be responsible for decisions independently taken by investors based upon research publications, market commentary or analytical observations.
Investors are encouraged to consult independent professional advisors whenever necessary.
9. Risk Disclosure
Market Risk Warning
Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
Market conditions can change rapidly and unpredictably.
Investments and trades may result in partial or complete loss of capital.
Past performance, historical market behavior or previous analytical outcomes are not indicative of future results.
Users should carefully evaluate risks before making any investment decision.
NO INVESTMENT ADVICE OR PERSONALIZED RECOMMENDATION
Research publications, reports, observations and educational materials are intended for research and informational purposes.
Unless specifically disclosed and permitted under applicable regulations, no content published through the website shall be construed as individualized investment advice, financial planning advice or portfolio management advice.
Investors should independently evaluate suitability before acting upon any research publication.
10. No Guaranteed Returns
The Research Analyst does not guarantee:
- Returns
- Profitability
- Capital appreciation
- Capital protection
- Accuracy of market movements
- Achievement of investment objectives
- Success of any strategy
No statement made on the website, through research reports, educational material, communication channels or onboarding procedures shall be interpreted as a promise, assurance or guarantee of profits.
Any examples, illustrations, case studies or historical market observations are provided solely for informational purposes.
11. Client Onboarding, Suitability Assessment and Risk Profiling
Investor suitability assessment and risk profiling form an essential part of the onboarding process.
Research access may be granted only after successful completion of applicable onboarding requirements.
Risk profiling information may be used to assess whether the proposed research service is appropriate for the investor's circumstances and objectives.
The Research Analyst reserves the right to:
- Request additional information
- Seek clarification regarding responses
- Refuse onboarding requests
- Delay activation of services
- Restrict access where suitability requirements are not satisfied
Failure to complete risk profiling, provide required information or cooperate with onboarding procedures may result in denial, suspension or termination of access to services.
12. Client Onboarding Requirements
Access to research services may be granted only after successful completion of applicable onboarding requirements.
Depending upon the nature of services, onboarding may include:
Completion of payment alone does not automatically create entitlement to research access.
The Research Analyst reserves the right to refuse, suspend or delay onboarding where compliance requirements remain incomplete.
13. Video Consent Acknowledgement
As part of investor onboarding, video consent procedures may be conducted for regulatory, compliance and investor protection purposes.
By participating in video consent procedures, the investor acknowledges and confirms that:
- They understand that investments in securities markets involve risks.
- They understand that research services do not guarantee profits or returns.
- They understand that losses may occur.
- They voluntarily choose to subscribe to research services.
- They have reviewed applicable disclosures and onboarding documents.
- They understand the nature of services being offered.
Video consent records may be retained for compliance, audit, regulatory inspection, dispute resolution and investor protection purposes.
14. Research Methodology Disclosure
Research publications, reports and market observations may utilize one or more analytical approaches including:
Methodologies may evolve over time as market conditions, technology and regulatory requirements change.
Research outputs represent analytical opinions and should not be interpreted as certainty regarding future market movements.
Educational Content and Analytical Tools
Any educational content, analytical dashboards, market scanners, quantitative tools or technology-assisted systems provided through the website are intended for informational and educational purposes only.
Such tools process and present market data and should not be interpreted as automated buy, sell or investment recommendations.
Investors remain solely responsible for all investment and trading decisions.
15. Technology and System Disclaimer
Research operations may rely upon various technologies and third-party infrastructure including:
Other infrastructure includes APIs, Internet Connectivity, Data Processing Tools, and Communication Systems.
Temporary interruptions, delays, technical failures, data feed disruptions, cyber incidents, infrastructure outages or vendor-related issues may affect service availability, delivery timelines or website functionality.
The Research Analyst shall not be responsible for losses arising solely from technical disruptions beyond reasonable control.
16. Subscription Plans
Research services may be offered through various subscription plans including:
1 Month
Plans
3 Month
Plans
6 Month
Plans
Features, duration, deliverables and access privileges may vary depending upon the selected subscription plan.
The Research Analyst reserves the right to modify, discontinue or introduce additional subscription plans at any time subject to applicable legal and regulatory requirements.
17. Fees and Payments
Fees applicable to research services shall be disclosed through official communication channels and website disclosures.
Payments shall be accepted only through officially authorized payment methods.
Users are advised to verify payment instructions only through officially published communication channels of the Research Analyst.
The Research Analyst does not authorize:
- Personal cash collections
- Unofficial payment requests
- Undisclosed third-party accounts
- Unauthorized collection agents
Payment confirmation may be required before activation of services.
Service Delivery
Users are solely responsible for verifying that payments are made only to officially disclosed payment channels published by the Research Analyst.
Research services, subscription access, reports, educational material and related content are delivered electronically through approved digital communication channels.
No physical shipment of goods is involved.
Access timelines may vary depending upon completion of onboarding, verification and compliance requirements.
18. Refund Policy Reference
Refund Policy
Refund requests, eligibility criteria, processing timelines and related conditions shall be governed by the separately published Refund Policy available through the website.
Unless otherwise specified under the applicable Refund Policy, fees paid for research services may be non-refundable.
Users are encouraged to carefully review the Refund Policy before subscribing to any service.
19. Intellectual Property Rights
All intellectual property associated with the website and services shall remain the exclusive property of the Research Analyst unless otherwise stated.
Protected materials may include:
All rights not expressly granted are reserved.
20. Restrictions on Use of Content
Users shall not:
- Copy research content for commercial purposes
- Redistribute research reports
- Republish paid content
- Resell subscription access
- Share restricted research with unauthorized persons
- Remove ownership notices
- Create derivative commercial products based upon proprietary content
Unauthorized use may result in suspension of access, legal action and regulatory reporting where appropriate.
21. Conflict of Interest Disclosure
The Research Analyst shall make disclosures regarding conflicts of interest, holdings, compensation arrangements and other required regulatory matters through the Research Disclosure section of the website or through other prescribed disclosure mechanisms.
Disclosure Awareness
Investors are encouraged to review such disclosures before acting upon any research publication.
View Research Disclosures22. Third-Party Platforms and External Services
The website may provide access to or references for third-party platforms including:
The Research Analyst does not control and shall not be responsible for the availability, content, privacy practices, security controls or performance of third-party platforms.
Use of such platforms shall remain subject to their respective terms, conditions and privacy policies.
The inclusion of any third-party link does not constitute endorsement, recommendation or warranty by the Research Analyst.
23. Limitation of Liability
To the maximum extent permitted under applicable law, the Research Analyst shall not be liable for:
- Trading losses
- Investment losses
- Capital erosion
- Opportunity losses
- Missed market opportunities
- Indirect damages
- Incidental damages
- Consequential damages
- Special damages
- Loss of business opportunities
- Loss of profits
- Loss of goodwill
- Loss arising from investor decisions
Investors acknowledge that all investments and trading activities involve market risk and that investment decisions are ultimately taken by the investor using their own judgment and discretion.
Nothing contained in these Terms shall exclude liability where such exclusion is prohibited by applicable law.
24. No Liability for Market Events
The Research Analyst shall not be responsible for losses arising from:
- Market volatility
- Gap-up or gap-down openings
- Black Swan events
- Economic disruptions
- Regulatory changes
- Political events
- Natural disasters
- Corporate announcements
- Exchange actions
- Market manipulation by third parties
- Liquidity events
- Global financial developments
Financial markets are inherently uncertain and no analytical framework can eliminate market risk.
25. Indemnity
Users agree to indemnify, defend and hold harmless the Research Analyst, employees, consultants, service providers and affiliates from and against any claims, liabilities, losses, damages, penalties, expenses or costs arising out of:
- Violation of these Terms
- Misuse of research services
- Misrepresentation of information
- Unauthorized use of website content
- Violation of applicable laws
- Third-party claims resulting from user conduct
This indemnity obligation shall survive termination of access to services.
26. Suspension or Termination of Access
The Research Analyst reserves the right to suspend, restrict or terminate access to services without prior notice where reasonably necessary.
Circumstances may include:
- False KYC information
- Misrepresentation of identity
- Regulatory concerns
- Non-compliance with onboarding requirements
- Misuse of research reports
- Unauthorized redistribution of content
- Fraudulent activity
- Breach of these Terms
- Legal or regulatory directives
Termination of access shall not affect obligations accrued prior to termination.
27. Investor Grievance Redressal Mechanism
Investors may raise complaints, concerns or grievances through the following escalation framework:
Level 1: Grievance Officer
Investors should first submit complaints directly to the designated Grievance Officer using officially published contact details.
Level 2: SEBI SCORES Platform
If the complaint remains unresolved, investors may escalate the matter through the SEBI SCORES platform in accordance with applicable procedures.
Level 3: SMART ODR Platform
Where applicable, disputes may be further escalated through the SMART Online Dispute Resolution (SMART ODR) mechanism.
Investors are encouraged to maintain records of communications and supporting documentation while pursuing grievance resolution.
28. Regulatory Compliance
Services provided through this website operate subject to applicable:
- SEBI Regulations
- Research Analyst Regulations
- Securities Market Regulations
- Investor Protection Requirements
- Anti-Fraud Requirements
- Data Protection Requirements
- Other Applicable Indian Laws
Nothing contained in these Terms shall be interpreted as limiting statutory rights available under applicable law.
Users agree to comply with all applicable legal and regulatory requirements while accessing the website and related services.
29. Force Majeure
The Research Analyst shall not be liable for failure or delay in performance caused by events beyond reasonable control including:
- Natural disasters
- Floods
- Earthquakes
- Fire
- War
- Civil unrest
- Government actions
- Regulatory restrictions
- Power failures
- Internet disruptions
- Telecommunications failures
- Cybersecurity incidents
- Exchange outages
- Third-party infrastructure failures
Performance obligations may be suspended for the duration of such events.
30. Changes to Terms and Conditions
These Terms and Conditions may be updated, modified or revised from time to time.
Updates may be required due to:
- Regulatory changes
- Operational changes
- Legal developments
- Technological developments
- Service enhancements
The latest version shall always be published on the website.
Continued use of services following publication of revised Terms shall constitute acceptance of the updated version.
31. Governing Law and Jurisdiction
These Terms and Conditions shall be governed by and construed in accordance with the laws of India.
Subject to applicable regulatory mechanisms, dispute resolution frameworks and statutory remedies, courts having jurisdiction over the location of the registered office of the Research Analyst shall have jurisdiction over disputes arising from these Terms.
Nothing contained herein shall restrict the authority of SEBI or any competent regulatory authority.
32. Severability
If any provision of these Terms is determined by a court, tribunal or regulatory authority to be invalid, unlawful or unenforceable, such provision shall be deemed severed from the remaining Terms.
The remaining provisions shall continue to remain valid and enforceable to the fullest extent permitted by law.
33. Contact Information
For questions regarding these Terms and Conditions, users may contact:
Research Analyst
Compliance Officer
Grievance Officer
Investors are advised to communicate only through officially published communication channels.
Investor Awareness Notice
Investors should carefully review all regulatory documents, disclosures, onboarding requirements, risk disclosures, refund policies, research disclosures and investor protection resources before subscribing to any research-related service.