Client Consent & Terms of Service
Please read and accept the terms of service, disclosures, and consent declarations before proceeding with our research advisory services.
1. Introduction & Acceptance
Definitions
Owner / We / Us / Our: Refers to NITESHKUMAR SIDDHRAM SHENDRE, the SEBI-registered Research Analyst entity providing research and advisory services, including its employees and affiliates.
User / Client / You / Your: Any individual or legal entity subscribing to or using the research services provided by NITESHKUMAR SIDDHRAM SHENDRE.
Parties: Collectively refers to NITESHKUMAR SIDDHRAM SHENDRE and the User/Client.
Assent & Acceptance
By subscribing to or utilizing the research services, you confirm that you have read, understood, and agreed to these Terms of Service (TOS). If you do not agree with these terms, you should not avail the services and may seek a refund immediately if applicable. Access to research services is granted only upon acceptance of these Terms.
Service Subscription and Obligations
By accepting the research services, you acknowledge voluntary subscription and acceptance of the terms complying with SEBI (Research Analyst) Regulations, 2014. Both the Client and the Research Analyst must comply with all applicable SEBI laws, RA Regulations, and government notifications.
Client Information & KYC
Clients must provide complete and accurate personal and financial details as required by standard KYC format. Supporting documentation as per SEBI and RAASB guidelines must be submitted and will be verified with the KYC Registration Agency (KRA) regularly.
2. Standard Terms of Service
Research Report Terms & Conditions
- The recommendations provided are based on publicly available information believed to be reliable and accurate at the time of publication.
- Unless otherwise stated, our recommendations are intended for a 12-month investment horizon.
- Ratings provided are based on absolute returns (positive or negative) and should be interpreted accordingly.
- Security prices may fluctuate due to market volatility or company-specific events, and returns may vary dramatically over time.
- We reserve the right to revise or withdraw ratings due to reassessment of valuation, market events, or lack of clarity. Opinions expressed are subject to change without notice.
- Clients are advised to carefully assess market risks, including the possibility of partial or permanent capital loss.
- There is absolutely no scope for refunding losses incurred from acting on any research report or commentary.
- The Research Analyst, along with affiliates, expressly disclaims any liability for loss or damages arising from unintentional errors or omissions in any information.
- The view on securities is based on both technical and fundamental analysis.
- We do not offer investment advisory or PMS (Portfolio Management Services).
- All participants must follow the instructions provided. We do not offer any one-on-one investment or trading services, as this is against RA regulations.
- Research reports are issued for personal use only. No part of the report may be reproduced, redistributed, or published without written authorization.
3. Risk Factors & Disclaimers
Client Certification & Awareness
By proceeding, clients agree and certify that they have read and understood the provisions of the SEBI (Research Analyst) Regulations, 2014, and will exercise independent judgment before relying on any report.
- Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
- Holding open positions without stop-loss or target prices can lead to significant losses; clients should exit such positions if a 10-15% loss threshold is reached.
- Registration granted by SEBI, Enlistment with RAASB, and certification from NISM do not guarantee the performance of the intermediary nor assure returns to investors.
- Past performance is not indicative of future results. There is no guarantee of returns on recommendations.
- No claims or compensation can be made for losses arising from acting on research recommendations.
- AI and Algo Tools are used occasionally; risks include data bias, system failures, and security breaches, which can cause portfolio loss.
4. Disclosures & Compliance
- SEBI Registration Name: NITESHKUMAR SIDDHRAM SHENDRE
- SEBI Registration Number: INH000015020
- Maximum fee charged: ₹1.51 Lakhs plus GST per annum (from Individual clients, not applicable to non-individual clients as per current SEBI RA regulations).
- The Research Analyst declares no conflict of interest and no other professional businesses adversely affecting independence.
- Fees for services must be paid promptly using the authorized modes and channels prescribed on the official website.
- If you engage with unauthorized persons, including employees or associates, or accept return guarantees or personal trades from them without officially informing the company, the company will not be liable for any resulting losses.
Service Suspension & Termination
We reserve the right to suspend or terminate service with or without notice in case of violation of Terms, regulatory direction, or non-payment. Refunds on termination or registration suspension will be made on a pro-rata basis as per applicable SEBI regulations.
5. Most Important Terms and Conditions (MITC)
Applicable to Research Services by NITESHKUMAR SIDDHRAM SHENDRE (INH000015020).
6. FATCA Declaration & Client Consent
By proceeding, you confirm and declare the following regarding your residency and tax status:
Any changes in residency, tax status, or political circumstances must be updated promptly within 30 days. The client bears full responsibility for any misrepresentation. Data will be disclosed to the authorized Indian authorities upon request to ensure compliance.
Consent Acknowledgment: I/We have read and understood the Terms of Service, MITC, and Risk Disclosures. I/We agree to abide by them and subscribe to the research services for personal use only.