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LAST REVISION: [14-December-2015]


This Terms of Service Agreement (the “Agreement”) governs your use of this website, (R&R, the “Website”), Equentis Wealth Advisory Services Pvt. Ltd. (“EWASPL”, owner of the “Website”) offer of products for purchase on this Website, or your purchase of products available on this Website. Further, please note that the terms EWASPL and R&R may be used interchangeably throughout this agreement, as applicable. This Agreement includes, and incorporates by this reference, the policies and guidelines referenced below. EWASPL reserves the right to change or revise the terms and conditions of this Agreement at any time by posting any changes or a revised Agreement on this Website. EWASPL will alert you that changes or revisions have been made by indicating on the top of this Agreement the date it was last revised. The changed or revised Agreement will be effective immediately after it is posted on this Website. Your use of the Website following the posting any such changes or of a revised Agreement will constitute your acceptance of any such changes or revisions. EWASPL encourages you to review this Agreement whenever you visit the Website to make sure that you understand the terms and conditions governing the use of the Website. This Agreement does not alter in any way the terms or conditions of any other written agreement you may have with EWASPL for other products or services. If you do not agree to this Agreement (including any referenced policies or guidelines), please immediately terminate your use of the Website. If you would like to print this Agreement, please click the print button on your browser toolbar.

Terms of Offer. This Website offers for sale Research Reports via subscription and also Customized Research Reports (the “Products”). By placing an order for Products through this Website, you agree to the terms set forth in this Agreement.

Customer Solicitation: Unless you notify our third party call center reps or direct EWASPL/R&R sales reps, while they are calling you, of your desire to opt out from further direct company communications and solicitations, you are agreeing to continue to receive further emails and call solicitations EWASPL and its designated in house or third party call team(s) even if you are listed on the national DND list or any similar lists as available.

Opt Out Procedure: We provide 3 easy ways to opt out of from future solicitations.

  • You may use the opt-out link found in any email solicitation that you may receive.
  • You may also choose to opt out, via sending your email address to:
  • You may send a written remove request to – A-603 6th Floor, Mafatlal Mills Compound, N M Joshi Marg, Lower Parel East, Mumbai – 400013

Proprietary Rights: EWASPL has proprietary rights and trade secrets in the Products. You may not copy, reproduce, resell or redistribute any Product manufactured and/or distributed by EWASPL. EWASPL also has rights to all trademarks and trade dress and specific layouts of this webpage, including calls to action, text placement, images and other information.

Sales/Service Tax: If you purchase any Products, you will be responsible for paying any applicable sales/service tax.

Any returns on our investment strategy for all/any of our products does not account the charges you may incur for brokerage/s, our advisory fee, and taxes. The returns are calculated on absolute basis on our personalized portfolio and to get similar returns we recommend that you replicate our advise in a similar and timely manner with your Investment service provider (Broker / Bank). The customer will be responsible for any charges and taxes incurred by them on any type of capital gains in both the short or long term.

Content, Intellectual Property & Third Party Links: In addition to making Products available, this Website also offers information and marketing materials. EWASPL may not always create the information offered on this Website; instead the information may be gathered from other sources. To the extent that EWASPL does create the content on this Website, such content is protected by intellectual property laws of the India, foreign nations, and international bodies. Unauthorized use of the material may violate copyright, trademark, and/or other laws. You acknowledge that your use of the content on this Website is for personal, noncommercial use. Any links to third-party websites, if provided, are provided solely as a convenience to you. EWASPL does not endorse the contents on any such third-party websites. EWASPL is not responsible for the content of or any damage that may result from your access to or reliance on these third-party websites. If you link to third-party websites, you do so at your own risk.

Use of Website: EWASPL is not responsible for any damages resulting from use of this website by anyone. You will not use the Website for illegal purposes. You will (1) abide by all applicable local, state, national, and international laws and regulations in your use of the Website (including laws regarding intellectual property), (2) not interfere with or disrupt the use and enjoyment of the Website by other users, (3) not resell material on the Website, (4) not engage, directly or indirectly, in transmission of “spam”, chain letters, junk mail or any other type of unsolicited communication, and (5) not defame, harass, abuse, or disrupt other users of the Website.

License: By using this Website, you are granted a limited, non-exclusive, non-transferable right to use the content and materials on the Website in connection with your normal, noncommercial, use of the Website. You may not copy, reproduce, transmit, distribute, or create derivative works of such content or information without express written authorization from EWASPL or the applicable third party (if third party content is at issue).

Posting: By posting, storing, or transmitting any content on the Website, you hereby grant EWASPL a perpetual, worldwide, non-exclusive, royalty-free, assignable, right and license to use, copy, display, perform, create derivative works from, distribute, have distributed, transmit and assign such content in any form, in all media now known or hereinafter created, anywhere in the world. EWASPL does not have the ability to control the nature of the user-generated content offered through the Website. You are solely responsible for your interactions with other users of the Website and any content you post. EWASPL is not liable for any damage or harm resulting from any posts by or interactions between users. EWASPL reserves the right, but has no obligation, to monitor interactions between and among users of the Website.

YOU EXPRESSLY UNDERSTAND AND AGREE THAT, TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW: This Site, the services and other materials are provided “AS-IS”, without warranty of any kind, express, implied, statutory or otherwise, including the implied warranties of title, non-infringement, merchantability or fitness for a particular purpose and that we assume no responsibility for your (in)ability to (or any costs or fees associated with your (in)ability to) obtain access to Nor do we assume any liability for the failure to store or maintain any user communications or personal settings.
PROVIDED that the User agrees, accepts and understands that all Research Advisory Services related work is carried out on a good-faith basis and as per specific understanding / agreement by and between us and the party concerned.

The website makes no warranty that:

  • Your requirements will be met or that services provided will be uninterrupted, timely, secure or error-free;
  • Materials, information obtained and descriptions of services will be effective, accurate or reliable;
  •  any errors or defects in the website, services or other materials will be corrected;
  • The services availed shall be available throughout the year, or available at all times; or Your concerns will be addressed by us to your satisfaction.

No advice or information, whether oral or written, obtained by you from EWASPL/R&R or through or from its services shall create any warranty not expressly stated in these terms and conditions.
The user understands and agrees that any material or data downloaded or otherwise obtained through the website, including all services related work is done entirely at their own discretion and risk and they will be solely responsible for any damage to their computer systems or loss of data that results from the download of such material, data or service. The website accepts no liability for any errors or omissions, with respect to any information provided to you whether on behalf of itself or third parties.

EWASPL entire liability, and your exclusive remedy, in law, in equity, or othwerwise, with respect to the website content and products and/or for any breach of this agreement is solely limited to the amount you paid, less shipping and handling, for products purchased via the website.
EWASPL will not be liable for any direct, indirect, incidental, special or consequential damages in connection with this agreement or the products in any manner, including liabilities resulting from (1) the use or the inability to use the website content or products; (2) the cost of procuring substitute products or content; (3) any products purchased or obtained or transactions entered into through the website; or (4) any lost profits you allege.
Some jurisdictions do not allow the limitation or exclusion of liability for incidental or consequential damages so some of the above limitations may not apply to you.

You will release, indemnify, defend and hold harmless EWASPL and any of its contractors, agents, employees, officers, directors, shareholders, affiliates and assigns from all liabilities, claims, damages, costs and expenses, including reasonable attorneys’ fees and expenses, of third parties relating to or arising out of (1) this Agreement or the breach of your warranties, representations and obligations under this Agreement; (2) the Website content or your use of the Website content; (3) the Products or your use of the Products (including Trial Products/Offer); (4) any intellectual property or other proprietary right of any person or entity; (5) your violation of any provision of this Agreement; or (6) any information or data you supplied to EWASPL. When EWASPL is threatened with suit or sued by a third party, EWASPL may seek written assurances from you concerning your promise to indemnify EWASPL; your failure to provide such assurances may be considered by EWASPL to be a material breach of this Agreement. EWASPL will have the right to participate in any defense by you of a third-party claim related to your use of any of the Website content or Products, with counsel of EWASPL’s choice at its expense. EWASPL will reasonably cooperate in any defense by you of a third-party claim at your request and expense. You will have sole responsibility to defend EWASPL against any claim, but you must receive EWASPL’s prior written consent regarding any related settlement. The terms of this provision will survive any termination or cancellation of this Agreement or your use of the Website or Products.

EWASPL believes strongly in protecting user prBy using this Website or ordering Products, you acknowledge that you have read and agree to be bound by this Agreement and all terms and conditions on this Website.ivacy. Please refer to EWASPL privacy policy, incorporated by reference herein, posted on the Website.

By using this Website or ordering Products, you acknowledge that you have read and agree to be bound by this Agreement and all terms and conditions on this Website.

Force Majeure: EWASPL will not be deemed in default hereunder or held responsible for any cessation, interruption or delay in the performance of its obligations hereunder due to earthquake, flood, fire, storm, natural disaster, act of God, war, terrorism, armed conflict, labor strike, lockout, or boycott.

Cessation of Operation: EWASPL may at any time, in its sole discretion and without advance notice to you, cease operation of the Website and distribution of the Products.
Entire Agreement: This Agreement comprises the entire agreement between you and EWASPL and supersedes any prior agreements pertaining to the subject matter contained herein.

Effect of Waiver: The failure of EWASPL to exercise or enforce any right or provision of this Agreement will not constitute a waiver of such right or provision. If any provision of this Agreement is found by a court of competent jurisdiction to be invalid, the parties nevertheless agree that the court should endeavor to give effect to the parties’ intentions as reflected in the provision, and the other provisions of this Agreement remain in full force and effect.

Governing Law; Jurisdiction: This Website originates from Mumbai, Maharashtra. This Agreement will be governed by the laws of the State of Maharashtra without regard to its conflict of law principles to the contrary. Neither you nor EWASPL will commence or prosecute any suit, proceeding or claim to enforce the provisions of this Agreement, to recover damages for breach of or default of this Agreement, or otherwise arising under or by reason of this Agreement, other than in courts located in Mumbai, Maharashtra. By using this Website or ordering Products, you consent to the jurisdiction and venue of such courts in connection with any action, suit, proceeding or claim arising under or by reason of this Agreement.

Waiver of Class Action Rights: By entering into this agreement, you hereby irrevocably waive any right you may have to join claims with those of other in the form of a class action or similar procedural device. Any claims arising out of, relating to, or connection with this agreement must be asserted individually.

Termination: EWASPL reserves the right to terminate your access to the Website if it reasonably believes, in its sole discretion, that you have breached any of the terms and conditions of this Agreement. Following termination, you will not be permitted to use the Website and EWASPL may, in its sole discretion and without advance notice to you, cancel any outstanding orders for Products. If your access to the Website is terminated, EWASPL reserves the right to exercise whatever means it deems necessary to prevent unauthorized access of the Website. This Agreement will survive indefinitely unless and until EWASPL chooses, in its sole discretion and without advance to you, to terminate it.

Domestic Use: EWASPL makes no representation that the Website or Products are appropriate or available for use in locations outside India. Users who access the Website from outside India do so at their own risk and initiative and must bear all responsibility for compliance with any applicable local laws.

Assignment: You may not assign your rights and obligations under this Agreement to anyone. EWASPL may assign its rights and obligations under this Agreement in its sole discretion and without advance notice to you.



Successful Payment

After a successful payment of Annual, 2 Years or 5 Years R&R subscription, client will get an email from R&R (as per details on R&R website) to inform of the Gift Shares facility

Client Master Report

You will email a scanned copy of the latest Client Master Report (CMR)/Client Master List (CML) of your Demat Account in your Registered Name (as per our records) where the shares will be transferred; preferably signed & stamped by the Depository Participant (DP) with DP logo, for verification purposes (also see Pt. 6).
Note: (CMR/CML is a statement of your Demat account, provided by your DP).

Clear and legible scanned image

We will accept a clear and legible scanned image of CMR/CML. R&R will take all due care to ensure transfer of shares as per the details provided by you via CMR/CML statement. However, R&R will bear no responsibility If any CMR/CML details, provided by you, are erroneous & results in transfer of shares to an unrelated/third party. R&R will not be liable to make good any such losses due to subscriber’s errors/omissions.


INR 5,000/- (For One Year Subscription) OR INR 10000/-(For Two Years Subscription) OR INR 25000/-(For Five Years Subscription) valuation of shares to be transferred, will be calculated approximately as per the closing price (NSE/BSE) on any day between 1-3 business days* immediately preceding the date of off-market transfer. In other words, if Jan 2nd is the date of transfer then the closing price of ABC Ltd (Gift Share) on NSE on any day between Dec 31st – Dec 29th (assuming Jan 1st, is a holiday) will be considered, say it was INR 101.50; then the number of shares sent to your Demat via Off-market transfer will be: 5,000/101.50 = 49.26 ~ 49 shares.


The entire process of share transfer may take up to 7-10 business days from the date of receipt of your CMR/CML copy – Signed & Stamped (by DP official) with DP logo, by R&R. (Client Master Report/ Client Master List is a statement provided by your DP – Depository Participant).


We will accept a clear and legible scanned image of CMR/CML for this purpose via an email. However, for compliance reasons &/or due to illegible/unclear scan image or wrong/erroneous details, we reserve the right to request you to courier the original copy of the CMR/CML. If the CMR/CML copy is not duly received at our end, we reserve the right to hold the transfer of Gift Shares & may also block your online access to our services until the required documents are submitted.

Gift Share Facility

The Gift Share facility is extended to the client to inculcate the habit of long term equity investments. As such, no complaints will be entertained in case of any delays in the receipt of shares by the client. All efforts will be made by R&R team to ensure timely share transfer at R&R’s sole discretion.

Gift Share Belongs to

The Gift Shares will belong to a single company and will be chosen at the sole discretion of R&R Research Team based on our medium-long term view on the company.

Gift Share Stock

Depending upon the price movements, our views, availability of stock at the desired price etc, R&R reserves the right to replace the Gift Share Stock A (if decided by R&R/informed to client, before the transfer) at the time of transfer and instead, send/transfer out Stock B to the client.

Long Term

All Gift Shares should ideally be held by the client for a medium to long term view and R&R will, on a best effort basis, strive to provide a Hold/Exit recommendation in due course as per its sole discretion. However, R&R will not be responsible for the overall stock performance of these Gift Shares.


R&R will not be held liable/responsible under any scenario where client sells off the Gift Shares earlier/at/later than the date of our Hold/Exit recommendation.


All Short Term & Long Term tax and/or any other charges/levies/tax accruing to a client owing to acceptance of the Gift Shares, will be client’s sole responsibility.


R&R reserves all rights with regards to the “Gift Shares” plan which may be altered/changed/modified/stopped/discontinued/Re-started etc at the sole discretion of R&R without any prior notice to any existing/potential customers.

Terms & Conditions

For a comprehensive reading of our Terms & Conditions – including our Privacy Policy, Legal Disclaimer, Terms Of Service, Website Disclaimer & Refund/Cancellation Policy – pls visit:




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