Terms and Conditions

By using the Services of Smart VERC, you agree to these Terms and Conditions-

  • Availing the research services: By accepting delivery of the research service, you confirm that you have elected to subscribe to Smart VERC's research service at your sole discretion. We at Smart VERC confirm that research services shall be rendered in accordance with the applicable provisions of the RA Regulations.
  • Obligations on RA: Smart VERC and I 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.
  • Client Information and KYC: I agree that I shall furnish all such details in full as may be required by the Smart VERC in its standard form with supporting details; if required, as may be made mandatory by RAASB/SEBI from time to time. Smart VERC will collect, store, upload and check KYC records of the clients with KYC Registration Agency (KRA) as specified by SEBI from time to time.
  • Standard Terms of Service: 
    • 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 –
    • Any investment made based on the recommendations in the research report are subject to market risk.
    • Recommendations in the research report 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.
  • Declaration of Smart VERC: 
    • I, Anil Kumar Asnani (Proprietor Smart VERC) is duly registered with SEBI as an RA pursuant to the SEBI (Research Analysts) Regulations, 2014 and my registration details are: (INH000000420, 06 May 2015);
    • I have the registration and qualifications required to render the services contemplated under the RA Regulations, and the same are valid and subsisting;
    • Research analyst services provided by me do not conflict with or violate any provision of law, rule or regulation, contract, or other instrument to which I am a party or to which any of my property is or may be subject;
    • The maximum fee that may be charged by me is Rs 1.51 lakhs per annum per family of client.
    • The recommendations provided by me do not provide any assurance of returns.
    • Additionally, I am 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.
  • Consideration and mode of payment: I shall duly pay to RA, the agreed fees for the services that RA renders to the me and statutory charges, as applicable. Such fees and statutory charges shall be payable through the specified manner and mode(s)/ mechanism(s).
  • Risk factors: Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
  • Conflict of interest: Smart VERC shall comply with all applicable regulations, circulars, and directions issued by SEBI regarding the disclosure and mitigation of any actual or potential conflict of interest. Smart VERC ensures full transparency by disclosing any material conflicts of interest, personal holdings, or any financial interests in the securities covered under the research recommendations, as mandated by SEBI regulations.
  • Termination of service and refund of fees: Smart VERC may suspend or terminate rendering of research services to you on account of suspension/ cancellation of registration of Smart VERC by SEBI and shall refund the residual amount to the you.
    In case of suspension of certificate of registration of the Smart VERC for more than 60 (sixty) days or cancellation of the RA registration, Smart VERC 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.
  • Grievance redressal and dispute resolution: Any grievance related to 
    • (i) nonreceipt 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 Smart VERC shall be escalated promptly by the client to Anil Kumar Asnani (support@smartverc.com). The Smart VERC 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.
  • Mandatory Notice: Clients are requested to go through Do’s and Don’ts as specified in SEBI master circular no. SEBI/HO/MIRSD-POD-1/P/CIR/2024/49 dated May 21, 2024
    • Expectations from the investors (Responsibilities of investors)
      • Do’s
        • Always deal with SEBI registered Research Analyst.  
        • Ensure that the Research Analyst has a valid registration certificate.  
        • Check for SEBI registration number. 
        • Please refer to the list of all SEBI registered Research Analysts which is  available on SEBI website in the following link:  https://www.sebi.gov.in/sebiweb/other/OtherAction.do?doRecognisedFpi=yes&intm Id=14)
        • Always  pay  attention  towards  disclosures  made  in  the  research  reports  before investing. 
        • Pay your Research Analyst through banking channels only and maintain duly signed receipts mentioning the details of your payments.  
        • Before buying securities or applying in public offer, check for the research  recommendation provided by your Research Analyst. 
        • Ask all relevant questions and clear your doubts with your Research Analyst  before acting on the recommendation.  
        • Inform SEBI about Research Analyst offering assured or guaranteed returns. 
      • Don’ts
        • Do not provide funds for investment to the Research Analyst.  
        • Don’t fall prey to luring advertisements or market rumors.  
        • Do not get attracted to limited period discount or other incentive, gifts, etc. offered by Research Analyst.  
        • Do  not  share  login  credential  and  password  of  your  trading  and  demat accounts with the Research Analyst. 
  • Most Important Terms and Conditions (MITC): “The terms and conditions and the consent thereon are for the research services provided by the Smart VERC and Smart VERC cannot execute/ carry out any trade (purchase/ sell transaction) on behalf of the client. Thus, you are advised not to permit Smart VERC to execute any trade on your behalf.”
  • Optional Centralised Fee Collection Mechanism: Smart VERC Shall provide 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.
  • Additional Clauses:
    • When you subscribe or log in to any of our products or services, you give Smart VERC your authorisation to contact you through phone calls, emails, SMS messages, WhatsApp, or our mobile app. This communication includes information related to the product and occasional articles, webinars, etc. This authorisation supersedes any registration you may have made for Do Not Call (DNC) or National Do Not Call (NDNC) lists.
    • Subscription and Access: You must be at least 18 years old to use the Services. You must provide accurate and complete information during the registration for a subscription. You may not make your access credentials or account available to others, and you are responsible for all activities that occur using your credentials. Smart VERC will not refund subscription fees under any circumstances. If, after payment and deduction from your account, the information for successful payment is not received from the bank to our portal, the subscription will not be enabled. Please get in touch with us before continuing to pay again.
    • Existing and old subscribers can renew or subscribe to a new service only from their dashboard area. Subscription switchover from one product to another is not permitted.
    • When you subscribe, you get access to all the past recommendations for at least two years. On the completion of your subscription, you will stop receiving notifications from Smart VERC, even for the stock publications made at the time of your subscription. It is a subscription service. The access to “Recommended Stocks” will expire after the subscription period gets over unless a renewal is done.
    • Service Continuity and Unforeseen Circumstances: Smart VERC is committed to providing uninterrupted services, including stock recommendations, research reports, and updates, during the subscription period. However, in the event of unforeseen circumstances such as the unavailability, incapacitation, or passing of key personnel, or any other event beyond our reasonable control, Smart VERC will make reasonable efforts to ensure the continuity of services. In cases where continuation of stock recommendations becomes unfeasible, subscribers will retain access to all previously provided research and recommendations for the remainder of the subscription period. Limitation of Liability: Smart VERC shall not be held liable for any interruption, delay, or inability to provide stock recommendations due to such unforeseen events. By subscribing, you acknowledge and accept this potential risk. Refunds or compensation will not be provided for any services already delivered or accessible during the subscription period.
    • Fees and Billing. You will pay all fees charged to your account. We have the right to correct pricing errors or mistakes even if we have already issued an invoice or received payment.
    • Smart VERC uses the name and address in your account registration as the place of supply for tax purposes, so you must keep this information accurate and up-to-date.
    • Subscription Price Changes. We may change product prices by posting a notice to your account and/or to our website.
    • If you want to dispute any Fees or Taxes, please contact support@smartverc.com within thirty (30) days of the date of the disputed invoice.
    • Dashboard: A subscriber's subscription is automatically enabled upon successful payment completion, granting access to their dashboard area and all past publications. The dashboard area is user-friendly, offering FAQs and a helpful video for further assistance.
    • Stock recommendations are shared exclusively through WhatsApp, the Mobile App, and Emails to ensure consistent and reliable communication. Please note that recommendations will not be provided over phone calls.
    • Research Reports: All recommendations are supported with research reports available on the subscriber’s dashboard area. The latest research report is view-only and cannot be downloaded. Research reports are published during market trading hours. If a research report's scheduled release date falls on a holiday, it will be published on the previous working day. The data used in research reports are sourced from company websites, annual reports, investor conference calls, company presentations, results, and BSE and NSE websites.
    • Any significant changes to a company's, sector's, or the economy's fundamentals are updated on the website and mobile app. Any necessary changes to recommended stocks are communicated to all subscribers, but individual subscribers should not expect personalized recommendations.
    • Smart VERC is dedicated to complying with SEBI's rules, regulations, and guidelines. We reserve the right to modify product contents in accordance with SEBI's guidelines and will keep clients informed of any changes. We take responsibility for any violations of SEBI's regulations.
    • Security. You must implement reasonable and appropriate measures to help secure your access to and use of the Services. If you discover any vulnerabilities or breaches related to your use of the Services, you must promptly contact Smart VERC with details.
    • If we find you guilty of forwarding our research reports to others, we shall terminate your services immediately without refunding any money.
    • We may terminate or suspend access to our Service immediately, without prior notice or liability, for any reason whatsoever, including without limitation if you breach the Terms.
    • Indemnity. You will defend, indemnify, and hold harmless us from and against any claims, losses, and expenses (including attorneys’ fees) arising from or relating to your use of the Services and your breach of these Terms or violation of applicable law.
    • Informal Dispute Resolution. We would like to understand and address your concerns before formal legal action. Before filing a claim against Smart VERC, you agree to try to resolve the dispute informally by sending us a complaint at support@smartverc.com of your name, a description of the dispute, and the relief you seek. If we are unable to resolve a dispute within 21 days, you may bring a formal proceeding by lodging your complaint at the SCORES portal. https://scores.sebi.gov.in A common Online Dispute Resolution Portal (“ODR Portal”), which harnesses conciliation and online arbitration for resolution of disputes arising in the Indian Securities Market, has been established. ODR Portal can be accessed via the following link - https://smartodr.in
    • Modifications. We may amend these Terms occasionally by posting a revised version on the website. All subscribers will be informed of the change in Terms and Conditions via Email and WhatsApp. All the changes will be effective immediately. Your continued use of the Services after any change means you agree to such change.
    • Equitable Remedies. You acknowledge that violating or breaching these Terms may cause irreparable harm to us. Smart VERC shall have the right to seek injunctive relief against you in addition to any other legal remedies.
    • Jurisdiction. All disputes are subject to Bhopal jurisdiction only.

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