These Terms & Conditions govern the relationship between Minerva Capital Research Solutions (SEBI Registration Number: INH000018896 & BSE Enlistment No.: 6419) and its clients regarding research services, as mandated by the Securities and Exchange Board of India (SEBI).
By accepting delivery of the research service, the client confirms that he/she has elected to subscribe the services of the RA at his/her sole discretion. RA confirms that research services shall be rendered in accordance with the applicable provisions of the SEBI Research Analysts Regulations, 2014 ("RA Regulations").
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.
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 Research Analyst Administration and Supervisory Body (RAASB)/SEBI from time to time.
RA shall be free to collect, store, upload and check Know Your Customer (KYC) records of the clients with KYC Registration Agency (KRA) as specified by SEBI from time to time.
The client consents to 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:
The client shall duly pay to RA, the agreed advance fees for agreed duration, 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), including but not limited to payment gateways or processors like Razorpay, Credit/debit cards, UPI, NEFT, IMPS, Centralised Fee Collection Mechanism for RA, Cheque, wallets etc.
RA can revise subscription fees any time and will update the same on its website.
Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, enlistment of RA with Exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
Please note that past performance in equity markets is not indicative of future returns as market conditions always change and may not stay the same as in the past. The research recommendations or research content are purely educational and do not serve as any guarantee of performance.
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.
RA at all times shall maintain high standards of integrity in the conduct of its business. Research Analyst shall ensure fair treatment of their clients and not discriminate amongst them. RA shall ensure that its personal interest does not, at any time conflict with their duty to their clients and client's interest always takes primacy in their advice, investment decisions and transactions.
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.
RA may terminate services of client if he/she violates these terms & conditions or provides false information or engages in illegal, fraudulent, or abusive use of RA Services like unauthorised sharing of research report with others. In such cases, no refund of fees will be provided to the client.
We do not offer refund for any other reason apart from regulatory reasons/guidelines.
The RA may use Artificial Intelligence ("AI") tools like Perplexity etc. primarily to increase his knowledge and learning as well as to process and understand large amount of information. The RA remains responsible for the security, confidentiality, and integrity of Client data used in conjunction with AI and will ensure compliance with all applicable laws regarding the use of AI tools.
RA cannot execute/carry out any trade on behalf of the client. Clients are advised not to permit RA to execute any trade on their behalf.
Current fee limit is Rs 1,51,000/- per annum per family for Individual and HUF clients. Fee limits do not apply to non-individual clients.
Fees may be paid through cheque, online bank transfer, UPI, etc. Cash payment is not allowed.
RA cannot guarantee returns, profits, accuracy, or risk-free investments. SEBI registration does not guarantee performance.
RA shall never ask for login credentials and OTPs for Trading/Demat/Bank Accounts. Never share such information.
Clients are required to keep contact details, including email and mobile number updated with RA at all times.
Any grievance related to (i) non-receipt of research report or (ii) missing pages or (iii) any other deficiency in the research services provided by RA, shall be escalated promptly by the client to:
Nishant Gupta, Research Analyst
Email: guptanishant.iimi@gmail.com or nishant.gupta@mcapital.in
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.
First contact the RA using the details provided above
If resolution is unsatisfactory, lodge grievances at www.scores.sebi.gov.in
Consider ODR through Smart ODR portal at https://smartodr.in
nishant.gupta@mcapital.in
guptanishant.iimi@gmail.com
+91 81714 33387
87/29, Faridabad, Haryana - 121008
Monday - Friday: 9:00 AM - 6:00 PM IST
SEBI Registration Number: INH000018896
BSE Enlistment No: 6419
Registration Date: 19-Nov'24
Centralized Fee Collection: Available via BSE CeFCoM