LAST REVISION: [14-December-2015]
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Mr. Ram availed subscription of 5 in 5 services on April 1 and paid the fees of Rs. 14,000 for two quarters in advance. Mr. Ram wishes to terminate the services and requests for refund of subscription amount on April 5.
Used period Fee deducted
Breakage Fee Deducted (One Quarter)
Mr. Rahul availed subscription of 5 in 5 services on April 1 and paid the fees of Rs. 14,000 for two quarters. Mr. Rahul wishes to terminate the services and requests for refund of subscription amount on May 5.
Used period Fee deducted
Breakage Fee Deducted (One Quarter)
Ms. Shreya availed subscription of 5 in 5 services on April 1 and paid the fees of Rs. 14,000 for two quarters. Ms. Shreya wishes to terminate the services and requests for refund of subscription amount on July 5.
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Equentis Wealth Advisory Services Private Limited (EWA) is a SEBI Registered Investment Adviser having registration no: INA000003874 dated December 8, 2015. The Client is desirous of obtaining Investment Advisory Services from EWA.
The Client has satisfied itself that EWA possesses requisite level of knowledge and competence to provide Investment Advisory Services and do hereby appoint EWA as an investment Advisor, which EWA has accepted it subject to terms and conditions as more particularly set out herein:
Client hereby appoints EWA to provide Investment Advisory Services from time to time in respect of the Funds and Securities held by the Client in accordance with the terms stipulated under this Agreement. EWA shall be acting solely in its capacity as an advisor and facilitator to the Client and shall not at any point in time accept or hold in its account any Funds or Securities from the Client and/ or Securities.
2.1 EWA agrees to provide the services as more particularly set out in Schedule A hereto (“Services”).
2.2 EWA shall, provide the Service to the Client on a continuous basis during the term of this Agreement.
3.1 This Agreement is deemed to have commenced on the date as mentioned hereinabove i.e. from the date of execution of this Agreement for the period of one year.
3.2 The Agreement will be deemed to be terminated after date of completion of the agreement term if not renewed for the subsequent year under the prevalent terms & conditions.
4.1 Notwithstanding the provisions of this Agreement, the Client may, if he so desires, seek advice on the Portfolio strategy, investment or disinvestments from any person other than EWA as it may deem fit, for the same Funds and Securities in respect of which the EWA has rendered its Services.
4.2 The Client has the sole discretion to decide on whether to act upon the advice tendered by the EWA and the EWA shall have no power, authority, responsibility or obligation to ensure or cause the Client to act upon the advice 4 tendered by EWA pursuant to this Agreement
The Asset Under Advisory (AUA) for initiating the services would be disclosed by the client at the time of execution of the agreement and the same on the good faith would be considered as the initial corpus for all calculation purposes including Fee / Charge Calculations, portfolio reports & future recommendations.
6.1 In consideration of EWA providing the Investment Advisory Services, the Client agrees to pay to EWA charges/fees as per EWA’s schedule of charges/fees (more particularly described in Schedule B) in advance before the commencement of services.
6.2 The schedule of charges/fees is subject to change by EWA with prior notice and consent of the Client to such changes. All sales and purchases and all other acts done by the Client pursuant to this Agreement shall be at the Client’s risk and cost and the consideration thereof shall be borne by the client.
6.3 The Client shall also pay any applicable taxes, levies or duties, including service tax, short term & or long term capital gains tax etc. that may be levied on any transactions undertaken pursuant to this Agreement.
7.1 The Client understands that the advisory recommended by “EWA” would be executed by Client himself. Client is free to implement their plan through any broker-dealers or custodial services of their choice. “EWA” does not possess or exercise any discretion with respect to client transactions.
7.2 The recommendations would be communicated to the Client and an acknowledgement of the same would be considered as a confirmation thus would be considered as executed on the closing price of that day.
It is expressly understood and agreed between the parties of this Agreement that “EWA” will not provide accounting or legal advice nor prepare any accounting or legal documents.
As the execution of the trade would be solely the responsibility of the client, EWA shall not be liable for any loss or damage caused by reason of failure or delay by the broker-dealer or custodian appointed by client.
10.1 Client understands that EWA serves as Investment Adviser for other clients and will continue to do so. Client also understands that EWA may give advice or take action in performing their duties to other clients, or for their own accounts, that differ from advice given to or acts taken for the Client, subject to meeting all applicable regulations.
10.2 The Client agrees that the EWA may refrain from rendering any advice or services concerning securities of companies of which any of the EWA’s or affiliates of the EWA’s officers, directors, or employees are directors or officers, or companies in which EWA or any of EWA’s affiliates or the officers, director and employees or any of them has or may have substantial economic interest. Such conflict of interest will be informed to the Client prior to rendering such advice or services with respect to the Portfolio.
EWA does not guarantee the future performance of the Account or any specific level of performance, the success of any investment decisions or strategy that EWA may use. Client understands that investment decisions made by EWA are subject to various market, currency, economic, political and business risks, and that those investment decisions will not always be profitable. Except as may otherwise be provided by law, EWA will not be liable to Client for (i) any loss that Client may suffer by reason of any investment decision made or other action taken or omitted in good faith by EWA with that degree of care, skill, prudence, and diligence under the circumstance that a prudent person acting in a fiduciary capacity would use (ii) any loss arising from EWA’s adherence to Client’s written or oral instructions; or (iii) any act or failure,to act by the Custodian, any broker or dealer to whom EWA directs transactions for the Account, or by any other third party.
Without prejudice to the right of indemnity available to EWA under any law, the Client agrees to indemnify and hold EWA harmless to the full extent against:
12.1 Any and all lawful claims, losses, damages, liabilities, costs and expenses as incurred in connection with investigation of, preparation for and defense of any pending or threatened claim and any litigation or other proceeding arising out of or related to any actual or proposed acts done or not done or EWA ‘s engagement hereunder.
12.2 For any negligence/mistake or misconduct by the Client.
12.3 For any breach or non-compliance by the Client of the rules/terms and conditions stated in this Agreement.
Each party shall treat as confidential all information obtained from the other pursuant to the Agreement and shall not divulge such information to any person (except only to those representatives/employees who need to know the same in due course of its business or required to be disclosed legally) without the other party’s prior written consent provided that this clause shall not extend to information which was rightfully in the possession of such party prior to the commencement of the negotiations leading to the ; Agreement or which information is available in public domain or becomes available at a future date (other than as a result of a breach of this clause).
This Agreement will be governed by the Laws of India and any disputes arising herein shall be subject to the exclusive jurisdiction of the Courts of Mumbai.
In view of the individual nature of tax benefits, each Client is advised to consult his or her own tax adviser with respect to the specific tax implications arising out of his or her investments.
16.1 Equentis Wealth Advisory Services Pvt. Ltd. (EWASPL) is a SEBI Registered Investment Advisor (Regn. No. INA000003874). The Investment Advisory activities are carried on through a separately identifiable division of the company "Investment Advisory Division". By virtue of this Registration, the Company is entitled to carry on the business of Research Entity in a separate designated Research Division of the Company. Equentis Capital Private Limited (ECPL) is an associate company. ECPL is registered as an Authorised Person with Stock Exchanges through Shri Parasram Holdings Private Limited (SPHPL), a New Delhi based Stock Broker. [SPHPL’s SEBI REGN. NO. NSE(cash)- INB230814036, (F&O)- INF230814036; BSE(cash)- INB010814037, (F&O)- INF010814037; NSDL IN-DP-NSDL-194-2001 DP ID- IN302365; CDSL DPID- 12058200; FMC REGN. NO. NCDEX/TCM/CORP/0572; MCX/TCM/CORP/0828; AMFI REGN. No.ARN- 35616, CURRENCY REGN. NO.- INE230814036)]
16.2 There has been no adverse business & disciplinary history in respect of any of the aforesaid entities
16.3 Neither EWASPL nor ECPL is engaged in any type of distribution services. While EWASPL does not earn any brokerage on any stock broking transactions by ECPL; ECPL earns brokerage from SPHPL, subject to the broker limits imposed by SEBI/Exchanges, in respect of the stock broking transactions executed by it on behalf of its clients.
16.4 The client notes and acknowledges that, based on the Investment Advisory Services offered by us, the client may chose and utilize the services of any stock broker or any other intermediary to execute such transactions. EWASPL does not promote the services offered by ECPL to any of its clients. In case the client chooses to avail of the services of ECPL for executing any stock broking transaction, the client shall do the same at his own volition and free will. In such a case, such transactions will be at an arms-length and independent of the Investment Advisory Services provided by EWASPL.
16.5 At EWASPL, there exist 2 separately identifiable divisions namely "Investment Advisory Division" and "Research Division", which provide Investment Advisory Services and Research Analysis respectively to the clients. EWASPL, its Investment advisory Division and/or its Research Division may hold and/or be involved in proprietary trading of stocks. Consequently there could be long or short positions in the financial products or securities that are subject matter of advice. However, due care will be taken to ensure that any such investments/holdings do not violate any SEBI Regulations in letter and spirit. EWASPL will not execute any transactions in its own account(s) which are contrary to advice given to clients for a period of fifteen days from the day of such advice. Provided that during the period of such fifteen days, if we are of the opinion that the situation has changed, then we may enter into such a transaction after giving such revised assessment to the client at least 24 hours in advance of entering into such transaction.
16.6 The Research Analysis service of EWASPL is based on rigorous fundamental research carried out for all the companies/stocks for which Research reports are made. This Reports are prepared on the basis of publicly available information, internally developed data and other sources believed by EWAPL to be reliable. Trading and investment in securities are subject to market risks. There are no assurances or guarantees that the objectives of any of trading / investment in securities will be achieved. The trades/ investments referred to herein may not be suitable to all categories of traders/investors. The names of securities mentioned herein do not in any manner indicate their prospects or returns. The value of securities referred to herein may be adversely affected by the performance or otherwise of the respective issuer companies, changes in the market conditions, micro and macro factors and forces affecting capital markets like interest rate risk, credit risk, liquidity risk and reinvestment risk.
16.7 Clients are advised to understand risks associated with stock market, the details of which and the disclaimers thereof are mentioned in the respective research reports. Clients are required to mandatorily assess their risk appetite by filling out our investment Risk Profiler and read all the Research Reports thoroughly before arriving at their independent investment decisions.