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COMPLIANCE DOCUMENT

Terms & Conditions

Research Analyst–Client Agreement governing the use of services provided by Vishal Trehan · SEBI RA INH000016816

This agreement is entered into between Vishal Trehan (hereinafter "RA" or "Research Analyst"), registered with SEBI under Registration No. INH000016816, and the subscriber / user (hereinafter "Client") availing research services through the website vishaltrehan.in. By subscribing to any service, the Client agrees to be bound by these Terms & Conditions.

1. Definitions

1.1 "Research Analyst" refers to Vishal Trehan, SEBI Registered Research Analyst, Registration No. INH000016816, BSE Enlistment No. 6214.

1.2 "Client" refers to any individual or entity subscribing to or using services provided by the Research Analyst.

1.3 "Services" refers to research reports, model portfolios, newsletters, strategy videos, algo trading strategies, and any other investment research content provided by the Research Analyst.

1.4 "Agreement" refers to this Terms & Conditions document, which constitutes the Research Analyst–Client Agreement as required under SEBI (Research Analysts) Regulations, 2014.

2. Scope of Services

2.1 The Research Analyst provides investment research, analysis, and recommendations as a Research Analyst registered with SEBI. Services include equity research reports, model portfolios, weekly newsletters, strategy videos, and algo trading strategies.

2.2 The Research Analyst does not execute trades on behalf of clients. All investment decisions are made solely by the client at their own discretion and risk.

2.3 The Research Analyst does not provide discretionary portfolio management services.

2.4 Services are available to resident Indian clients who have completed the mandatory KYC process prior to subscription.

3. Fee Structure

3.1 Fees for each service are as communicated at the time of subscription. Current fee structure:

  • Equity Elite: ₹14,999 per quarter
  • Trading Pulse: ₹4,999 per quarter
  • Model Portfolio: As communicated at the time of subscription
  • Algo Trading Strategies: As communicated at the time of subscription

3.2 The maximum aggregate fee charged to a client (or family of clients) shall not exceed ₹1,51,000 (Rupees One Lakh Fifty-One Thousand) per annum, as prescribed by SEBI. This cap is subject to revision by SEBI, and clients will be duly notified.

3.3 All fees are exclusive of applicable taxes (GST), which shall be charged additionally as per prevailing rates.

3.4 Fees are payable in advance before the commencement of any service period. Payment must be made through legitimate banking channels (NEFT, RTGS, UPI, or other approved digital payment methods). Cash payments are not accepted.

3.5 Fee receipts and invoices will be provided for all payments.

4. KYC Requirements

4.1 As per SEBI guidelines, KYC (Know Your Customer) verification is mandatory for all clients before subscribing to any paid service.

4.2 The Client must provide valid identity proof, address proof, and other documents as required under applicable regulations.

4.3 The Research Analyst reserves the right to suspend or terminate services if KYC compliance is not maintained.

5. Nature of Research and Disclaimers

5.1 All research reports, recommendations, and analysis are prepared based on publicly available information and the Research Analyst's independent assessment. They are for informational purposes only and do not constitute investment advice.

5.2 Research recommendations do not provide any assurance or guarantee of returns. Past performance is not indicative of future results. Investment in securities is subject to market risks.

5.3 The Client acknowledges that all investment decisions are made at their own risk and discretion. The Research Analyst shall not be liable for any losses arising from the Client's reliance on research output.

5.4 The Research Analyst has no material adverse disciplinary history and no undisclosed conflicts of interest that may compromise the integrity of research recommendations.

5.5 The Research Analyst is not engaged in any full-time professional activity that may interfere with the independence of research.

6. Intellectual Property

6.1 All research reports, newsletters, strategy documents, videos, and other content provided by the Research Analyst are proprietary and protected by copyright.

6.2 The Client may not reproduce, distribute, resell, or publicly share any research content without explicit written consent from the Research Analyst.

6.3 Unauthorised distribution or resale of research content may result in immediate termination of services and legal action.

7. Term, Renewal and Termination

7.1 Services are provided on a subscription basis for the period specified at the time of subscription.

7.2 Subscriptions are renewed upon receipt of the applicable fee for the next period. The Research Analyst will notify clients of upcoming renewal at least 15 days in advance.

7.3 Either party may terminate this Agreement by providing written notice. In such cases, a pro-rata refund of unused subscription fees may be considered at the discretion of the Research Analyst, subject to SEBI guidelines.

7.4 The Research Analyst reserves the right to suspend or terminate services without notice in cases of violation of these Terms, fraudulent activity, or regulatory non-compliance by the Client.

8. Additional Clauses

8.1 Governing Law: This Agreement shall be governed by and construed in accordance with the laws of India. Any disputes shall be subject to the jurisdiction of courts in Gurgaon, Haryana.

8.2 Voluntary Clauses: Any additional voluntary clauses in this Agreement shall not conflict with SEBI regulations or circulars. Any changes to voluntary clauses shall be preceded by 15 days' written notice to the Client.

8.3 Mandatory Notice: Clients must refer to the Do's and Don'ts while dealing with Research Analysts as specified by SEBI (SEBI Master Circular No. SEBI/HO/MIRSD-POD-1/P/CIR/2024/49 dated May 21, 2024).

8.4 Most Important Terms & Conditions (MITC): The MITC is disclosed on this website as standardised by the Industry Standards Forum in consultation with SEBI. The MITC explicitly states that the Research Analyst cannot execute trades on behalf of clients.

8.5 CeFCoM: If and when the optional Centralised Fee Collection Mechanism (CeFCoM) becomes available, clients will be duly informed.

9. SEBI Registration Details

Disclaimer: Investment in securities market is subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.