(Research Analyst)
SEBI Registration No. : INH000003630
PROPRIETOR OF SHREE INVESTMENT POINT
101, MADHAV COMPLEX, PATEL COLONY JAMNAGAR GUJARAT 361008
RESEARCH ANALYST AGREEMENT
Effective Date: 24-Feb-2025
Shree Investment Point is a Proprietorship firm having its registered office at 101, Madhav Complex, Patel Colony, opp. DKV College, Jamnagar – 361008, INDIA and Investment Point, a Gujarati weekly News Paper Registered With RNI is a division of Shree Investment Point and the owner and editor of Shree Investment Point Nikhil Bhatt is a SEBI registered Research Analyst under the SEBI (Research Analysts) Regulations, 2014 with registration number INH000003630.
These Terms and Conditions (“Terms”) govern your (“Client,” “You,” or “User”) usage of and access to the research services (“Services”) provided by Nikhil Bipinbhai Bhatt (Research Analyst) Proprietor of Shree Investment Point (referred to as “Research Analyst,” “We,” “Our,” or “Us” as the context may require).
The Research Analyst is registered with the Securities and Exchange Board of India (“SEBI”) as a Research Analyst (“RA”) under the SEBI (Research Analyst) Regulations, 2014. Please read these Terms carefully before subscribing to or using any of our Services. By accessing or using Our Services, you agree to be bound by these Terms. If you do not agree to these Terms, you may not access or use the Services.
1. RA REGISTRATION & REGULATORY INFORMATION
· SEBI Registration
We are duly registered with SEBI as a Research Analyst under Registration No. INH000003630, valid as of November 2016.
We comply with the SEBI (Research Analyst) Regulations, 2014 and other relevant SEBI guidelines/notices/circulars, as may be applicable from time to time.
· BSE Enlistment Number
Our BSE Enlistment Number (if applicable) is 5206.
· Scope of Registration
SEBI registration and any certifications (such as NISM) do not, in any way, guarantee the performance of the Research Analyst or assure returns to the client.
2. CLIENT DETAILS
Before availing of Our Services, the Client agrees to provide the following personal details as part of the registration process and Know Your Client (“KYC”) compliance:
Full Name |
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Permanent Account Number (PAN) |
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Date of birth: |
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Email Id: |
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S/O / D/O Mr. |
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Mobile: |
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Address: |
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You affirm that all details provided are true, accurate, and complete. Inaccurate or incomplete information may result in suspension or termination of your access to Our Services.
3. DEFINITIONS
· “Services”
Refers to the research content, research data, model portfolios of Indian-listed securities, and research reports provided by the Research Analyst, for which Users pay a research or subscription fee.
· “User” / “Client”
Any person/entity who subscribes to or avails of our paid Services after agreeing to these Terms, including any persons authorized to use the Services on their behalf.
· “Digital Platform”
Includes websites, mobile applications, third-party web applications, or any other online platforms, including payment gateways or processors (e.g., Instamojo, Cashfree, Razorpay, Stripe, Jodo, NEFT, IMPS, CeFCoM, Cheque, etc.) that we may use to provide Services or collect fees
· “Business Days”
Any day banks are open for business in Gujarat, India.
4. ELIGIBILITY
· Legal Capacity
Only individuals and entities who can form legally binding contracts under the Indian Contract Act, 1872 are eligible to register and avail of Our Services. Persons “incompetent to contract” (including minors, un-discharged insolvent, etc.) are not eligible.
· Age Requirement
If you are under 18, you shall not register for or access the Services. By registering, you represent that you are at least 18 years of age.
5. REGISTRATION & KYC
· Registration
To access Our Services, you must register by providing your correct and updated personal information (as listed in Section 2). By registering, you agree that all information provided is True and accurate. Failure to provide true and accurate information can result in immediate termination or refusal of Service.
· KYC Compliance
We may collect, store, upload, and/or verify KYC records with KYC Registration Agencies (“KRA”) as mandated by SEBI. You agree to furnish additional supporting documents as required.
6. CONSIDERATION & MODE OF PAYMENT
· Fees Structure
You agree to pay the fees as communicated and published by the Research Analyst for the chosen subscription or research plan.
The maximum fee charged by the Research Analyst, per SEBI (RA) Regulations, shall not exceed 1.50 lakhs per annum per family of clients, unless otherwise notified by SEBI.
· Payment Methods
Payment shall be made through recognized modes: NEFT, IMPS, payment gateways (Instamojo, Cashfree, Razorpay, Stripe, Jodo, Gpay, Phonepay and QR base), CeFCoM, cheque, or any other method communicated by us. We may collect up to three (3) months’ advance payment based on mutual agreement with the Client.
· CeFCoM (Optional)
In line with SEBI guidelines, we offer an optional Centralized Fee Collection Mechanism (“CeFCoM”) for Clients who wish to use it. Instructions and guidance for using CeFCoM will be provided at the time of subscription.
7. PROVISION & USE OF SERVICES
· Service Description
Our Services include providing research reports, model portfolios, recommendations, and related content about Indian-listed securities.
We do NOT execute trades, invest funds, or carry out buy/sell orders on your behalf. You retain full control and discretion over any investment decision.
· No Assured Returns
All investments in securities markets are subject to market risks. Registration with SEBI and certifications from NISM do not guarantee returns. We do not offer any profit-sharing model or assure any returns.
· AI Tools
We may infrequently use Artificial Intelligence (“AI”) tools in delivering Our Services. However, we remain responsible for the security, confidentiality, and integrity of Client data used in conjunction with AI.
We ensure compliance with all applicable laws regarding the use of AI tools.
· Risk Factors
Market and economic conditions vary, and past performance is not indicative of future returns. Recommendations or research content are purely educational and do not serve as an absolute guarantee of performance.
8. USER OBLIGATIONS & RESTRICTIONS
· Usage
The Client agrees to use Our Services for personal benefit and consumption only. Unauthorized distribution or reproduction of our research reports or content is strictly prohibited
· No Representation on Our Behalf
You shall not describe yourself as our agent or make any representations or warranties on our behalf. You shall not permit execution of trades by the Research Analyst on your behalf.
· Accuracy of Information
All information provided by you must be accurate and complete. We are not liable for losses or damages arising from any inaccuracy in the data you provide.
· Confidentiality & IP Rights
All research reports, materials, and intellectual property provided by us remain Our property. Clients shall maintain the confidentiality of such materials and shall not share them without our explicit written consent.
9. CONFLICT OF INTEREST
We adhere strictly to SEBI’s guidelines on disclosure and mitigation of actual or potential conflicts of interest. Any conflict of interest, if existing, will be adequately disclosed in each research report. The Research Analyst or any of its officers/employees may be having a same position or same trade in his account.
10. DISCLAIMERS & LIMITATION OF LIABILITY
· Disclaimer of Warranties
Our Services are provided on an “as is” and “as available” basis, without warranties of any kind (express or implied).
We make no warranty that the Services will be uninterrupted, timely, secure, or error-free.
Any reliance on or use of our content, research reports, or recommendations is solely at your own risk.
The Research Analyst or any of its officers/employees may be having a same position or same trade in his account.
· Limitation of Liability
To the maximum extent permitted by law, We shall not be liable for any direct, indirect, incidental, special, or consequential damages (including lost profits, loss of goodwill, loss of data, or opportunity costs) arising out of or in connection with your use of, or inability to use, Our Services. Our liability shall not exceed the total subscription fee actually paid by you to us during the three (3) months preceding the event giving rise to liability.
11. MOST IMPORTANT TERMS & CONDITIONS (MITC)
[Forming part of the Terms and Conditions for providing research services]
· 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.
· 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). Note:
Ø The current fee limit is Rs 1,51,000/- per annum per family of client for all research services of the RA.
Ø The fee limit does not include statutory charges.
Ø The fee limits do not apply to a non-individual client / accredited investor.
· 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.
· 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).
· 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.
· 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.
· The RA cannot guarantee returns, profits, accuracy, or risk-free invest-ments 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.
· 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 judgment and assessment of the conclusions contained in the research report.
· The SEBI registration, Enlistment with RAASB, and NISM certification do not guarantee the performance of the RA or assure any returns to the client.
· For any grievances,
Ø 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’)
Ø Step 2: If the resolution is unsatisfactory, the client can also lodge grievances through SEBI’s SCORES platform at www.scores.sebi.gov.in
Ø Step 3: The client may also consider the Online Dispute Resolution (ODR) through the Smart ODR portal at https://smartodr.in
· Clients are required to keep contact details, including email id and mob-ile number/s updated with the RA at all times.
· 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.
12. TERMINATION & REFUND OF FEES
· Termination by Us
We reserve the right to terminate or suspend Our Services if: Our registration with SEBI is suspended or canceled for more than sixty (60) days;
You breach these Terms or provide false information;
You engage in illegal, fraudulent, or abusive use of the Services.
· Refund Policy
The Agreement may be terminated by the Client if the Research Analyst fails to provide the research recommendations. However, the Client cannot terminate the Agreement solely based on not achieving the desired returns or incurring losses from trading on the recommendations.
The RA may suspend or terminate the rendering of research services to the 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 the 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 the end of the subscription period.
13. GRIEVANCE REDRESSAL & DISPUTE RESOLUTION
· Grievance Redressal
For any service-related issues, including non-receipt of research reports or deficiency in service, please email: shreeinvestmentpoint@gmail.com.
If you are not satisfied with the resolution, escalate the matter to the designated Grievance Officer: Nikhil Bipinbhai Bhatt and shreeinvestmentpoint@gmail.com.
We aim to resolve all grievances within seven (7) business days or as mandated by SEBI from time to time.
· Regulatory Escalation
If your grievance is not addressed satisfactorily, you may escalate to SEBI’s SCORES portal as per the process laid out therein or pursue remedies under applicable law.
· Arbitration
In the event of any dispute or difference arising out of or relating to these Terms which cannot be resolved by mutual discussion, such disputes shall be referred to arbitration under the procedure specified by SEBI or as per the Arbitration & Conciliation Act, 1996, and amendments thereto, seated in Jamnagar, Gujarat.
14. MANDATORY NOTICES
· Do’s & Don’ts with RAs
Clients are urged to read SEBI’s master circular No.SEBI/HO/MIRSD-POD-1/P/CIR/2024/49 dated May 21, 2024 (and any subsequent directives) regarding “Dos and Don’ts” when dealing with Research Analysts.
· No Unauthorized Services
We do not provide any unauthorized services or undertake any direct trading activities. Our role is limited to publishing research analysis and/or investment strategies and commentary.
15. INDEMNITY
You agree to indemnify and hold harmless the Research Analyst, its affiliates, officers, employees, and agents from and against any and all losses, damages, liabilities, claims, costs, and expenses (including reasonable attorneys’ fees) arising out of or relating to : Your breach of these Terms; Your violation of any rights of a third party; Your use or misuse of the Services; or Your violation of any applicable laws or regulations.
16. MISCELLANEOUS
· Force Majeure
We shall not be liable for any delay or failure to perform resulting from events beyond Our reasonable control, including acts of God, fire, floods, earthquakes, strikes, war, riots, pandemics, or power failures.
· Severability
If any provision of these Terms is found invalid or unenforceable, the remaining provisions shall remain in full force and effect.
· No Waiver
Our failure to exercise or enforce any right or provision of these Terms shall not constitute a waiver of such right or provision.
· Governing Law & Jurisdiction
These Terms shall be governed by and construed in accordance with the laws of India. Subject to the arbitration clause herein, the courts in Jabalpur, Madhya Pradesh shall have exclusive jurisdiction over any disputes.
· Updates to Terms
We reserve the right to update or modify these Terms at any time. Material changes will be notified via email to your registered email address or by posting a notice on our website. Continued use of the Services after such modifications constitutes your acceptance of the revised Terms.
· Contact Information
For further details or updates, please visit our website: www.nikhilbhatt.in for clarifications or questions regarding these Terms, please email: shreeinvestmentpoint@gmail.com
17. DECLARATION & CONSENT
By signing, or otherwise indicating assent:
· You acknowledge that you have read, understood, and agree to these Terms, including the disclaimers and limitations of liability.
· You confirm that you have provided accurate personal details (Name, PAN, DOB, Email, City, State).
· You agree that no research service will be rendered, nor any fee charged, until your explicit consent to these Terms is received.
· You understand that any investments made pursuant to our research reports are at your sole discretion and risk, and no assurance or warranty of returns or profitability is provided.
FEES APPLICABLE TO THE CLIENT AND BILLING
Details of Service and Fees to be charged are following :
Plan Subscribed | Packages |
Validity of advisory services | Per Month |
Subscription Fee | As Per Plan |
Payment Date | 00.00.2025 |
Service Start date | 00.00.2025 |
Subscription Due Date | 00.00.2025 |
Please read and agree the terms and conditions for use of the website, www.nikhilbhatt.in and pages accessible there from (hereinafter referred to as the “Site”) and the Services provided by access and/or use of the Site as mentioned below.
By using the Site or downloading any information from the Site, you (User) agree to the terms and conditions, disclaimer listed herein including the modifications in respect of the same from time to time.
This Agreement applies to all Users who access the Site whether for their own use or on behalf of any legal entity and for any purpose whatsoever. This Agreement hereby includes and incorporates the policies and guidelines mentioned below.
This Agreement does not alter in any way the terms or conditions of any other written agreement the Users may have with Shree Investment Point for other products or services. Shree Investment Point reserves the right to modify the terms and conditions of this Agreement in the manner mentioned below. If the Users do not agree to this Agreement / Disclaimer mentioned (including any referenced policies or guidelines), he/she shall immediately terminate the use of the Site.
SERVICES :-
The Site publishes information relating to financial and investment issues from time to time.
All information published and disseminated on the Site including the recommendations, blogs, contents of our newsletters, services, calculators, other tools and features provided on the Site are for information and educational purposes to enable the User(s) to make prudent financial decisions.
In case the User(s) avail the various membership services offered on the Site by Shree Investment Point, various recommendations, opinions, suggestions may be made available to such User(s) to enable them in taking relevant decisions.
The information including recommendations, opinions, suggestions disseminated on the Site being merely recommendatory in nature are aimed at providing mass customer customization service. The said recommendations, opinions, suggestions, trading idea made are based upon the calculations, opinions and analysis undertaken by Shree Investment Point and may be accompanied with analysis notes from time to time.
Shree Investment Point is not responsible for any damages resulting from use of this Site/services by anyone. The User(s) shall not use the Site/services for illegal purposes. The User(s) undertakes to (i) abide by all applicable local, state, national, international laws and regulations in the use of the Site/services (including laws regarding intellectual property) (ii) not resell material on the Site, (iii) not interfere with or disrupt the use and enjoyment of the Site by other User(s), (iv) not engage, directly or indirectly, in transmission of “spam”, chain letters, junk mail or any other type of unsolicited communication, and (v) not defame, harass, abuse, or disrupt other User(s) of the Site.
Shree Investment Point is neither a Portfolio Manager, Broker, Sub-broker and nor is it registered with any stock exchange. It does not manage the User’s funds but merely recommends Users to buy, sell or hold certain securities. Shree Investment Point does not come under the purview of the SEBI (Portfolio Managers) Regulations 1993 or SEBI (Stock Brokers and Sub Brokers) Regulations 1992.
ACTIVATION AND TERMINATION :–
1. Apart from the general informative content available on the Site which may be accessed for free by Users upon accessing the Site and subject to modifications made to the Site and/or the Services from time to time. Users are advised to read and agree disclaimer, terms & condition, private policy and all information before availing the membership services.
2. Shree Investment Point reserves the right to inspect the correctness of information if it deems necessary. Further, in case of suspicion in respect of any account, Shree Investment Point reserves the right to delay and/or deny the activation of the membership till such time its considers necessary, irrespective of receipt of payment by it.
3. Similarly, Shree Investment Point reserves the right to deactivate, suspend, restrict, and terminate any member in the interest of the Site or in the general interest without any prior notice without giving any reason whatsoever. It may also deactivate the service on grounds of non-payment, unauthorized use, illegal use and/or incorrect or incomplete and untrue disclosure of information in which case the Users shall not be entitled to any claim for refund upon deactivation, suspension or termination of the service. Shree Investment Point reserves the right to change features/functionalities/entitlement at any point without prior intimation to the Users.
NO WARRANTIES : –
1. The transmission of information from this Site to the Users is not intended to create nor does it create an advisor-client relationship between Shree Investment Point and the Users who access the Site for free, and for those availing the membership. Though certain recommendations, opinions and suggestions may be given to Users who avail the membership services, the same are non-binding and any decision making is subject to the sole discretion of the Users.
2. Though Shree Investment Point constantly strives to give accurate, reliable and current information on the Site. The guidance made by Shree Investment Point are true to its opinion and views and it makes no representation, warranty or claim, whether express or implied to the effect that the information available on the Site is accurate or suitable to the User’s needs.
3. Shree Investment Point does not warrant the correctness and accuracy of the information provided on, collected from or used from third party sites
4. It shall not be responsible for any errors or omissions therein.
5. Shree Investment Point makes no express representation or warranty as to whether information Users transmit to the Site will be intercepted by or otherwise be received by an unauthorized third party and Users transmit such information at their own risk.
6. Shree Investment Point does not warrant the uninterrupted and continuous provision and running of the Site and the same may be suspended or interrupted due to reasons beyond its control.
7. Shree Investment Point does not endorse the contents and comments posted by Users and the same are the personal views of the said Users.
8. Shree Investment Point reserves the right but is under no obligation to monitor the content uploaded by Users on the Site including interactions interest the Users and to remove any content that it deems objectionable at its discretion.
Name of Client : Shri AABBCC NIKHIL BIPINBHAI BHATT
Date: 24-Feb-2025
Date: 0000-00-00
00:00:00 IST
