These terms and conditions, and consent thereon are for the research services provided by the Research Analyst (RA) Vishal Trehan (SEBI Reg. No: INH000016816, BSE Enlistment No: 6214). 

1. The RA cannot execute or carry out any trade on behalf of the client. 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 amount prescribed by SEBI/RAASB from time to time (applicable only for Individual and HUF Clients).
   2.1. The current fee limit is INR 1,51,000/- per annum per family of the client for all research services.  

   2.2. The fee limit does not include statutory charges.

   2.3. The fee limits do not apply to non-individual clients/accredited investors.

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 year or 12 months. 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. RA will comply with SEBI and RAASB regulations regarding disclosure and mitigation of conflicts of interest and promptly inform clients of any conflicts.

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. We do not provide any guarantee returns, accuracy, or risk-free investments. Research opinions are based on available data and assumptions.

8. Investments made based on RA recommendations are subject to market risks. Clients rely on research reports at their own judgment.

9. SEBI registration, RAASB enlistment, and NISM certification do not guarantee RA performance or returns.

10. For any grievances:
  Step 1: Contact the RA using the details provided on its website or grievance matrix.
  Step 2: If unresolved, lodge a grievance through SEBI’s SCORES platform (www.scores.sebi.gov.in).
  Step 3: Alternatively, use the Smart ODR platform (https://smartodr.in) for online dispute resolution.

11. Clients must keep their contact details (email, mobile) updated with the RA.

12. RA will never request the client’s login credentials or OTP for trading, demat, or bank accounts. Clients should never share such information.