Terms and Conditions

These Terms of Use set out the terms and conditions for use of this SHUBINVESTS ( “Website”) and any content, Public Forums, or services offered on or through the Website and/or through any mobile application(s) ( “Application”) (collectively referred to as the “Platform”).

These Terms of Use apply to "Visitor” or ”User” or "end users" of the Website (referred to as “Learners”, “You”, “Your”). These Terms of Use, including the Privacy Policy. and any other terms and conditions published on the Platform or communicated to you from time to time (collectively referred to as the “Agreement”), define the relationship and responsibilities between You and Creator (as defined herein) in using the Platform. Your access to the Platform is subject to Your acceptance of this Agreement. Hence, please take Your time to read this Agreement.

When we speak of the terms "We" / "Us" / "Our"/”Company”/”The Company'' we collectively mean Thakkar Finserv being the creator of this Platform and the content/materials/services contained therein.

By accessing this Platform, You are agreeing to be bound by the terms of this Agreement, all applicable laws and regulations. From time-to-time, versions of the above-mentioned policies and terms are made available on the Platform for Your reference and to understand how we handle Your personal information. By using or visiting the Platform and services provided to You on, from, or through the Platform, You are expressly agreeing to the terms of the Agreement and any other terms that are updated from time to time.

As mandated under SEBI (Research Analyst) Regulations, 2014

1. Availing the Research Services - By accepting delivery of the research service, the client confirms that he/she has elected to subscribe 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. Obligations on RA - 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 check KYC records of the clients with KYC Registration Agency (KRA) as specified by SEBI from time to time.

4. Standard Terms of Service - The consent of client shall be taken on the following understanding:

“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.
I/We are subscribing to the research services for our own benefits and consumption, and any reliance placed on the research report provided by research analyst shall be as per our own judgement and assessment of the conclusions contained in the research report.
I/We understand that –
i. Any investment made based on the recommendations in the research report are 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 of the RA that:

i. It is duly registered with SEBI as an RA pursuant to the SEBI (Research Analysts) Regulations, 2014 and its registration details are: (registration number, registration date);
ii. It has registration and qualifications required to render the services contemplated under the RA Regulations, and the same are valid and subsisting;
iii. Research analyst services provided by it do not conflict with or violate any provision of law, rule or regulation, contract, or other instrument to which it is a party or to which any of its property is or may be subject;
iv. The maximum fee that may be charged by RA is ₹1.51 lakhs per annum per family of client.
v. The recommendations provided by RA do not provide any assurance of returns.

Additionally, if RA is an individual:

i. It is not engaged in any additional professional or business activities, on a whole-time basis or in an executive capacity, which interfere with/influence or have the potential to interfere with/influence the independence of research report and/or recommendations contained therein.

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 mode(s)/ mechanism(s).

6. Risk Factors - (A statement covering the standard risks associated with investment in securities to be added under this clause by the RA)

7. Conflict of Interest - The RA shall adhere to the applicable regulations/ circulars/ directions specified by SEBI from time to time in relation to disclosure and mitigation of any actual or potential conflict of interest. (A statement covering the mandatory disclosures to be added under this clause by the RA.)

8. Termination of Service and Refund of Fees - Disclosure that the RA may suspend or terminate rendering of research services to client on account of suspension/ cancellation of registration of RA by SEBI and shall refund the residual amount to the client.
In case of suspension of certificate of registration of the RA for more than 60 (sixty) days or cancellation of the RA registration, RA shall refund the fees, on a pro rata basis for the period from the effective date of cancellation/ suspension to end of the subscription period.

9. Grievance Redressal and Dispute Resolution - Any grievance related to (i) non- receipt of research report or (ii) missing pages or inability to download the entire report, or (iii) any other deficiency in the research services provided by RA, shall be escalated promptly by the client to the person/employee designated by RA, in this behalf (RA to provide name and e-mail ID of the designated person/employee).
The RA shall be responsible to resolve grievances within 7 (seven) business working days or such timelines as may be specified by SEBI under the RA Regulations.
RA shall redress grievances of the client in a timely and transparent manner.
Any dispute between the RA and his client may be resolved through arbitration or through any other modes or mechanism as specified by SEBI from time to time.

10. Additional Clauses - All additional voluntary clauses added by the RA should not be in contravention with rules/ regulations/ circulars of SEBI. Any changes in such voluntary clauses/document(s) shall be preceded by a notice of 15 days.

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) - RA shall also disclose MITC to their clients which shall be standardised by Industry Standards Forum (ISF) in consultation with SEBI and RAASB.

RAs/research entity shall also include the following disclosure as part of the terms and conditions in their 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.”

Optional Centralised Fee Collection Mechanism (CeFCoM)

RA Shall provide the guidance to their clients on an optional ‘Centralised Fee Collection Mechanism for IA and RA’ (CeFCoM) available to them for payment of fees to RA.

Most Important Terms and Conditions (MITC)

[Forming part of the Terms and Conditions for providing research services]

1. These terms and conditions, and consent thereon are for the research services provided by the Research Analyst (RA) and RA cannot execute/carry out any trade (purchase/sell transaction) on behalf of, the client. Thus, the clients are advised not to permit RA to execute any trade on their behalf.

2. The fee charged by RA to the client will be subject to the maximum of amount prescribed by SEBI/ Research Analyst Administration and Supervisory Body (RAASB) from time to time (applicable only for Individual and HUF Clients).
   2.1. The current fee limit is Rs 1,51,000/- per annum per family of client for all research services of the RA.
   2.2. The fee limit does not include statutory charges.
   2.3. The fee limits do not apply to a non-individual client / accredited investor.

3. RA may charge fees in advance if agreed by the client. Such advance shall not exceed the period stipulated by SEBI; presently it is one quarter. In case of pre-mature termination of the RA services by either the client or the RA, the client shall be entitled to seek refund of proportionate fees only for unexpired period.

4. Fees to RA may be paid by the client through any of the specified modes like cheque, online bank transfer, UPI, etc. Cash payment is not allowed. Optionally the client can make payments through Centralized Fee Collection Mechanism (CeFCoM) managed by BSE Limited (i.e. currently recognized RAASB).

5. The RA is required to abide by the applicable regulations/ circulars/ directions specified by SEBI and RAASB from time to time in relation to disclosure and mitigation of any actual or potential conflict of interest. The RA will endeavor to promptly inform the client of any conflict of interest that may affect the services being rendered to the client.

6. Any assured/guaranteed/fixed returns schemes or any other schemes of similar nature are prohibited by law. No scheme of this nature shall be offered to the client by the RA.

7. The RA cannot guarantee returns, profits, accuracy, or risk-free investments from the use of the RA’s research services. All opinions, projections, estimates of the RA are based on the analysis of available data under certain assumptions as of the date of preparation/publication of research report.

8. Any investment made based on recommendations in research reports are subject to market risks, and recommendations do not provide any assurance of returns. There is no recourse to claim any losses incurred on the investments made based on the recommendations in the research report. Any reliance placed on the research report provided by the RA shall be as per the client’s own judgement and assessment of the conclusions contained in the research report.

9. The SEBI registration, Enlistment with RAASB, and NISM certification do not guarantee the performance of the RA or assure any returns to the client.

10. For any grievances,
    Step 1: the client should first contact the RA using the details on its website or following contact details:
    (RA to provide details as per ‘Grievance Redressal / Escalation Matrix’)
    Step 2: If the resolution is unsatisfactory, the client can also lodge grievances through SEBI’s SCORES platform at www.scores.sebi.gov.in
    Step 3: The client may also consider the Online Dispute Resolution (ODR) through the Smart ODR portal at https://smartodr.in

11. Clients are required to keep contact details, including email id and mobile number/s updated with the RA at all times.

12. The RA shall never ask for the client’s login credentials and OTPs for the client’s Trading Account Demat Account and Bank Account. Never share such information with anyone including RA.
    
    

Disclosures

ShubInvests is a SEBI registered research analyst.

ShubInvests employs the SEBI registered research analysts and investment advisors, who do the research and publish stocks.

All information present on ShubInvests website and its mode of communicating via other mobile applications is to help investors in their decision-making process and shall not be considered as a recommendation or solicitation of an investment or investment strategy. Investors are responsible for their investment decisions and are responsible to validate all the information used to make the investment decision. Investor should understand that his/her investment decision is based on personal investment needs and risk tolerance, and performance information available on ShubInvests is one amongst many other things that should be considered while making an investment decision. Past performance does not guarantee future returns and performance stocks are subject to market risk. Investments in the securities market are subject to market risks and investors should read all the related documents carefully before investing.
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1. ShubInvests (Research Analyst) shall have no responsibility for any loss incurred from services, decisions/ actions taken on the market for stock transactions, the information provided here is based on our knowledge and we do not ask/force you to take market positions in any particular investment.

2. This is no guaranteed return product or service. Markets are of risk and can never be eliminated. As per SEBI guidelines, we cannot guarantee the returns too.
3. Our clients (Paid or Unpaid), Any third party or anyone else have no rights to forward or share our investment ideas or SMS or Report or Any Information provided by us to / with anyone which is received directly or indirectly by them. If found so then Legal Actions can be taken.

4. ShubInvests (Research Analyst) and its owners, directors, partners, employees, affiliates, agents, representatives or subcontractors) shall not be liable for any loss or liability resulting, directly or indirectly, from delays or interruptions due to electronic or mechanical equipment failures, telephone interconnect problems, defects, weather, strikes, walkouts, fire, acts of God, riots, armed conflicts, acts of war, or other like causes.

5. Handling complaints: if you have any complaints regarding Services received from us, please send us an email to support@shubinvests.com

6. Detailing the nature of your complaint. We will acknowledge the complaint within 7 working days and provide a likely timescale for resolving the dispute while keeping you informed about progress. All complaints will be considered highly confidential, and will be dealt as soon as possible.

7. Unauthorized attempts to upload information change or delete information on our website or small case or online are strictly prohibited and punishable under Indian IT Act.

REFUND & CANCELLATION POLICY:

All sales are final. There will be ABSOLUTELY NO REFUNDS and CANCELLATIONS

1. ShubInvests is SEBI registered Research Analyst registered under SEBI Regulations, 2013. Registration No. INH000016913

2. Payment of fee will only be through online or proper banking channel. No cash receipt will be accepted. The Amount of fee is the consideration for our services. We received your express and implied consent on the point that Fee is reasonable and fair for you.

3. We are not bound and liable for your market loss as profits and losses in equity are subjected to market risk. We are not responsible for any future liability arise under Prevention and Money Laundering Act, 2002 and other similar Act, Regulation, and rules.

4. Once the service starts then deposited fee is not refundable. Execution of services is not our concern.

5. We advise only in the stocks as of now and Client Specific Research calls for direct equity stocks only.

6. We provide advice through email or WhatsApp group and telegram from +91 8422990105 only. Please do not act on the advice which is not provided through registered email shuubham121@gmail.com or Any no. other than +91 8422990105.

7. We never provide service like profit sharing, guaranteed profit, Sure shot, Jackpot etc.

8. All research that we conduct is based on Fundamental studies, Technical analysis and Primary market analysis. It has a model and methods to decide upon stocks and their buy sell prices. Though this has worked well in the past doesn’t guarantee to work all the time or every time in future.

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SERVICE AGREEMENT DISCLOSURES

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The Research Analyst and the Client hereby confirm and agree that they shall execute an Terms of services as per the terms prescribed by the Securities and Exchange Board of India (SEBI), not later than 31st March 2021.

The Client hereby represents and warrants to the Research Analyst that he/she wants to avail the Research services only for himself / herself and not for any other person.