TERMS & CONDITIONS

By accessing and using our website, you agree to comply with the following terms and conditions. Please read them carefully.

1. 1. Consent and Availing Research Services

   By subscribing and accepting delivery of our research services, you confirm that you have elected to avail these services at your sole discretion, after reading and agreeing to the terms and conditions, fee structure, and rights and obligations as per SEBI (Research Analysts) Regulations, 2014.

   We shall not render any research service or charge any fee until we have received your consent on these terms.

2. 2. Obligations Under SEBI Regulations

   Both the Research Analyst (RA) and you, the client, shall be bound by the SEBI Act, applicable rules and regulations of SEBI including the RA Regulations and relevant government notifications as may be in force from time to time.

3. 3. Client Information and KYC

   You agree to provide all required KYC details in the standard form along with supporting documents. As per SEBI rules, we shall collect, store, and verify KYC records with the KYC Registration Agency (KRA) designated by SEBI.

4. 4. Standard Terms of Service & Client Declaration

   You declare:

   • You have read and understood applicable SEBI regulations, including the fee structure.
   • You subscribe to our research services solely for your own benefit and consumption.
   • Any investment made based on our recommendations is at your own judgment and subject to market risks.
   • Our recommendations do not assure any returns. You shall not claim any losses incurred from investments made based on these recommendations.

   We declare:

   • We are duly registered with SEBI as a Research Analyst under Reg. No. INH000022604.
   • We possess the required qualifications and valid registrations to render research services.
   • Our services do not conflict with or violate any applicable laws or regulations.
   • The maximum fee we may charge is ₹1.51 lakhs per annum per family of client, excluding statutory charges.
   • Our recommendations do not assure any returns.
   • As an individual RA, we confirm we are not engaged in any additional activities that interfere with the independence of our research reports.

5. 5. Fees and Mode of Payment

   You agree to pay the fees as agreed for our services, plus applicable statutory charges. Payments may be made via cheque, bank transfer, UPI, or other legally permitted modes. Cash payments are strictly prohibited.

   Optionally, you may pay through the centralized fee collection mechanism (CeFCoM) managed by BSE (RAASB).

6. 6. Standard Risk Factors

   Investing and trading in securities markets involves risks including possible loss of principal. Recommendations do not assure any returns. Past performance does not guarantee future results. Markets may be affected by economic, regulatory, or other developments.

   “Investments in securities market are subject to market risks. Read all related documents carefully before investing.”

7. 7. Conflicts of Interest

   We shall disclose and mitigate any actual or potential conflicts of interest as per SEBI regulations. We do not receive compensation from subject companies. Analysts certify the independence of their views.

8. 8. Termination & Refund of Fees

   If our SEBI registration is suspended or cancelled, research services shall be terminated and fees refunded on a pro-rata basis for the remaining subscription period.

   In case of pre-mature termination by either party, proportionate fees for the unexpired period shall be refunded. No breakage fee shall be charged.

9. 9. Grievance Redressal & Dispute Resolution

   For grievances regarding non-receipt or issues in downloading research reports, or any deficiency in our services, please contact:

   📧 Email: support@dhanresearch.com
   📞 Mobile: +91 7566368459
   📍 Address: “Maa Darshan”, 2nd Floor, 9/4 Dairy Compound, Manorama Ganj, Geeta Bhawan Square, Indore – 452001

   We aim to resolve grievances within 21 business days or as specified by SEBI. If unresolved, you may lodge complaints on SEBI SCORES or opt for ODR via Smart ODR.

10. 10. Additional Clauses & Notice

    Additional voluntary clauses shall not contravene SEBI rules. Any changes shall be preceded by a 15-day prior notice. Clients are advised to refer to SEBI master circulars as updated from time to time.

11. 11. Most Important Terms & Conditions (MITC)

    • We only provide research recommendations and do not execute trades.
    • Fees are capped at ₹1,51,000 per annum per family (excluding statutory charges).
    • Advance fees shall not exceed one quarter.
    • All payments must be non-cash modes only.
    • No assured or guaranteed returns are offered.
    • Never share Demat, trading, or banking credentials.

12. 12. Optional CeFCoM

    Clients are informed of the optional Centralised Fee Collection Mechanism (CeFCoM) available for payment of fees.

13. 13. Governing Law & Jurisdiction

    These Terms & Conditions shall be governed by Indian law. Any disputes shall fall under the exclusive jurisdiction of courts in Rajasthan only.