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Terms and Conditions As per Annexure-B of SEBI Circular (SEBI/HO/MIRSD/ MIRSD-PoD-1/P/CIR/2025/004)
By subscribing to the research services, clients acknowledge and agree to the following terms and conditions: 1. Availing the research services: By accepting delivery of the research service, the client confirms that he/she has elected to subscribe to the research service of the RA at his/her sole discretion. RA confirms that research services shall be rendered in accordance with the applicable provisions of the RA Regulations. 2. Obligation on Research Analyst: RA and client shall be bound by SEBI Act and all the applicable rules and regulations of SEBI, including the RA Regulations and relevant notifications of Government, as may be in force, from time to time. 3. Client Information and KYC: The client shall furnish all such details in full as may be required by the RA in its standard form with supporting details if required, as may be made mandatory by RAASB/SEBI from time to time. RA shall collect, store, upload and/or check KYC records with the KYC Registration Agency (KRA) as specified by SEBI from time to time. As a client, I provide my consent to commence the services after fully understanding the following: A) I / We have read and understood the terms and conditions applicable to a research analyst as defined under regulation 2(1)(u) of the SEBI (Research Analyst) Regulations, 2014, including the fee structure. B) I/We are subscribing to the research services for our own benefits and consumption, and any reliance placed on the research report provided by the research analyst shall be as per our own judgment and assessment of the conclusions contained in the research report. C) I/We understand that – i. Any investment made based on the recommendations in the research report is subject to market risk. ii. Recommendations in the research report do not provide any assurance of returns. iii. There is no recourse to claim any losses incurred on the investments made based on the recommendations in the research report. Declaration from Investa - X (“Research Analyst”): i). We are duly registered with SEBI as Research Analyst under Registration No. INH000022792 from Aug 20, 2025; BSE Enlistment No. 6643 and compliant with the SEBI (Research Analyst) Regulations, 2014. ii). Currently we have valid SEBI registration and have the required qualifications to render services contemplated under RA regulations. iii). We have no material adverse disciplinary history or any conflicts of interest that compromise the integrity of its recommendations. iv). The maximum fee charged by the Research Analyst shall not exceed ₹1.51 lakhs (Excluding GST) per annum per family of clients. v). The recommendations provided by us do not provide any assurance of returns. 5. Consideration and mode of payment: The client shall duly pay to RA, the agreed fees for the services that RA renders to the client and statutory charges, as applicable. Such fees and statutory charges shall be payable through the specified manner and modes communicated by the Research Analyst (including but not limited to payment gateways or processors like Cashfree, Razorpay, UPI, NEFT, IMPS, Centralised Fee Collection Mechanism for RA, Cheque, etc.). We may collect 3 months advance payment based on mutual agreement. 6. Risk Factors: Investments in securities markets are inherently risky and subject to market dynamics. Registration granted by SEBI, Enlistment as RA with Exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. 7. Conflict of Interest: The Research Analyst adheres to SEBI's guidelines on the disclosure and mitigation of actual or potential conflicts of interest. Full disclosures are provided in each research report. 8. Termination of service and refund of fees: The Research Analyst reserves the right to suspend or terminate the provision of research services to clients in the event of suspension or cancellation of its registration with SEBI. In case the certificate of registration of the Research Analyst is suspended for a period exceeding sixty (60) days or is cancelled, the Research Analyst shall refund the subscription fees to the client on a pro-rata basis for the period from the effective date of such suspension or cancellation to the end of the subscription period. 9. Grievance redressal and dispute resolution: For any support-related grievances, including issues related to non-receipt of reports or deficiencies in service, clients must email their concerns to info@investaxresearch.com. If unresolved, grievances must be escalated to the designated grievance officer. All grievances will be addressed within 7 (seven) business days or as per latest SEBI RA Regulations. please check the details of grievance redressel https://investaxresearch.com/grievance-redressal/ 10. Use of Research Reports: All research reports and related information are confidential and intended solely for the subscriber. Unauthorized distribution, reproduction, or use of these materials is strictly prohibited. Clients must independently assess all recommendations, and the Research Analyst assumes no responsibility for any losses incurred. 11. Mandatory Notice: Clients shall be requested to go through Do’s and Don’ts while dealing with RA as specified in SEBI master circular no. SEBI/HO/MIRSD-POD- 1/P/CIR/2024/49 dated May 21, 2024 or as may be specified by SEBI from time to time. 12. Most Important Terms and Conditions (MITC): The terms and conditions and the consent thereon are for the research services provided by the RA and RA cannot execute or carry out any trade (purchase/sell transaction) on behalf of the client. Thus, you are advised not to permit the Research Analyst to execute any trade on their behalf. Most Important Terms & conditions: 1. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. 2. Registration granted by SEBI, membership of a SEBI-recognized supervisory body (if any) and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors. 3. The Fees paid are Non-Refundable (unless the registration is suspended or cancelled by SEBI as per clause 8) 4. The securities quoted (if any) are for illustration only and are not recommendatory. The returns displayed (if any) are for informational purposes only and should not be considered advertisements or promotions influencing your subscription decisions. 5. Recommendations provided may not always result in profits. Not adhering to our recommendations or allocations may affect the profitability of your portfolio. 6. Investing in equity and related instruments involves uncertainties, including company-specific and market-related risks. We do not assure guaranteed returns as the value of assets may fluctuate based on market forces like de-listing of securities or market closures etc. 7. Past performance does not ensure future performance. Notwithstanding all the efforts to do the best research, clients should understand that investing in equities involves a risk of loss of both income and principal. Please ensure that you fully understand the risks involved in investing in equities. 8. There is a possibility of communication failures via electronic means such as E-mail/WhatsApp messages, which may be beyond our control. 9. The securities quoted (If any) on our website or in any of our advertisement are for illustration only and are not recommendator 10. As per SEBI regulations, we are committed to ensuring transparency in our research and trading services. Our offerings may include the use of Artificial Intelligence (AI) and Algorithmic Trading tools to provide research insights and facilitate trading decisions. However, it is important for investors to understand the following points: 1) No Assurance or Guaranteed Returns: Algorithmic trading tools, Algorithmic strategies and AI-based systems are designed to assist in data-driven decision-making but do not guarantee profits or assured returns. The performance of these tools depends on market conditions, which are inherently unpredictable. 2) Limitations of Algorithmic Trading: Despite the advanced capabilities of these tools, they come with certain limitations. a) Technical Errors, Software or API providers may encounter technical glitches that can lead to incorrect or unintended order execution. B) Broker-Related Issues, Errors originating from the broker's platform or infrastructure may affect the execution of orders. C) Market Conditions, Extreme market volatility may impact the effectiveness of algorithms. 3) No Liability for External Errors While we take all reasonable steps to ensure the robustness of our systems, we cannot be held responsible for errors or malfunctions arising from: Third-party software or API providers. Broker-related disruptions. Any external factors beyond our control. 4) Risk Acknowledgment Investors are advised to understand and accept the risks associated with algorithmic trading before using our services. We strongly recommend conducting thorough due diligence and consulting with a financial advisor to align these services with individual investment goals and risk tolerance. 5) By using our AI and Algorithmic Trading services, you acknowledge and accept the above limitations and disclaimers. This disclosure is in compliance with SEBI regulations to promote transparency and protect investor interests. Note: Please ensure to review all terms and conditions carefully before proceeding with any investment or trading activity.
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