Terms & Conditions

1

Introduction

These Terms & Conditions and Disclaimer govern your use of the patilresearch.in website, which provides independent research services to investors.

By accessing our website at patilresearch.in or using our services, you agree to be bound by these terms.

2

Domain Ownership and Registration

patilresearch.in is the domain owned by Abhijit Patil. He offers independent research services to investors under SEBI (Research Analysts) Regulations 2014, Registration No. INH000021304.

Important Notice

The SEBI registration, Enlistment with RAASB, and NISM certification do not guarantee the performance of the RA or assure any returns to the client.

3

Scope of Services & Important Disclaimers

The Research Analyst (RA) will publish research reports based on research activities and provide an independent, unbiased view on securities.
The RA offers unbiased recommendations, disclosing financial interests in recommended securities.
Research recommendations are based on analysis of publicly available information and known observations.

Risk Warning

Use of the information herein is at one's own risk. This is not an offer to sell or solicitation to buy any securities and Abhijit Patil will not be liable for any losses incurred or investment(s) made or decisions taken based on the information provided herein.

Key Disclaimers:

Any investment made based on recommendations are subject to market risks
Recommendations do not provide any assurance of returns
There is no recourse to claim any losses incurred on investments made based on recommendations
Information does not constitute personal recommendation or take into account individual circumstances

4

Investment Risks

Investments in equity and equity related securities involve high degree of risks
Clients should not invest funds unless they can afford to take the risk
Small and midcap stocks have high impact costs due to low liquidity
This might affect the ability to quickly take action on recommendations at stated prices

The RA will provide clear guidance and adequate caution notice to clients when providing recommendations for dealing in complex and high-risk financial products/services.

5

No Guaranteed Returns

Strict Policy

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.

Investors are not being offered any guaranteed or assured returns
Neither the principal nor appreciation on investments are guaranteed
Past performance does not guarantee future results
The RA cannot guarantee returns, profits, accuracy, or risk-free investments
All projections are based on analysis of available data under certain assumptions

Report SEBI violations: Inform SEBI about Research Analyst offering assured or guaranteed returns.

6

Professional Advice

Before acting on any recommendation, investors should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice.

7

Client Onboarding and Disclosures

The RA will ensure the following:

Share terms and conditions of research services and complete KYC of fee-paying clients
Disclose information material for informed decision-making
Disclose the extent of use of Artificial Intelligence tools in providing research services
Disclose any material conflict of interest when distributing third-party research reports
Distribute research reports and recommendations to clients without discrimination
Maintain confidentiality with respect to research reports until made public
Respect data privacy rights and protect confidential information
Disclose timelines for services and ensure adherence
Treat all clients with honesty and integrity

8

Fees and Payments

SEBI Fee Regulations

The current fee limit is ₹1,51,000/- per annum per family of client for all research services (applicable only for Individual and HUF Clients).

Fee charged will be subject to maximum amount prescribed by SEBI/RAASB
Fee limit does not include statutory charges
Fee limits do not apply to non-individual clients/accredited investors
RA may charge fees in advance if agreed by client (maximum one quarter)
In case of pre-mature termination, client entitled to proportionate refund for unexpired period
Payments accepted through cheque, online bank transfer, UPI, etc. Cash payment is not allowed
Optional payments through Centralized Fee Collection Mechanism (CeFCOM) managed by BSE Limited

Payment Security

Always pay your Research Analyst through banking channels only and maintain duly signed receipts mentioning the details of your payments.

9

Grievance Redressal Mechanism

Step 1: Direct Contact

Approach Research Analyst for grievances - resolved within 21 days of receipt.

Step 2: SMARTODR Platform

File complaints on SMARTODR platform for online conciliation or arbitration.

Step 3: SEBI SCORES

Lodge grievances through SEBI'S SCORES platform at scores.sebi.gov.in

Physical Complaints

Investors may send physical complaints to:
Office of Investor Assistance and Education
Securities and Exchange Board of India
SEBI Bhavan, Plot No. C4-A, 'G' Block
Bandra-Kurla Complex, Bandra (E)
Mumbai-400 051

10

Conflict of Interest

Abhijit Patil may hold shares in the company/ies discussed in research reports.

The RA is required to abide by applicable SEBI and RAASB regulations regarding disclosure and mitigation of conflicts of interest
The RA will promptly inform clients of any conflict of interest that may affect services being rendered

11

Account Usage Policy

Strict Account Policy

This is a single user account. Sharing of content or login details is strictly prohibited, failing to which account will be suspended.

Security Warning

The RA shall never ask for client's login credentials and OTPs for Trading Account, Demat Account and Bank Account. Never share such information with anyone including RA.

12

Communication Authorization

I authorize patilresearch.in to send informative updates (notifications) on my registered mobile number and email address.

Clients are required to keep contact details, including email id and mobile number/s updated with the RA at all times.

13

Investor Rights (As per SEBI Investor Charter)

Privacy & Confidentiality

Right to Privacy and Confidentiality of your personal information

Transparent Practices

Right to Transparent Practices in all dealings

Fair Treatment

Right to fair and Equitable Treatment without discrimination

Adequate Information

Right to Adequate Information about services and risks

Disclosure Rights

Right to Initial and Continuing Disclosure of all material information

Regulatory Information

Right to receive information about statutory and regulatory disclosures

Fair Advertisement

Right to Fair & True Advertisement without misleading claims

Service Awareness

Right to Awareness about Service Parameters and Turnaround Times

Grievance Redressal

Right to be Heard and Satisfactory Grievance Redressal

Exit Rights

Right to Exit from services in accordance with agreed terms and conditions

Risk Guidance

Right to receive clear guidance for Complex and High-Risk Financial Products

Timely Information

Right to be informed of the timelines for each service

14

Responsibilities of Investors (As per SEBI Investor Charter)

Verification Responsibilities

Always deal with SEBI registered Research Analyst
Ensure that the Research Analyst has a valid registration certificate
Check for SEBI registration number on SEBI website
Pay attention to disclosures made in research reports before investing

Investment Responsibilities

Check for research recommendations before buying/selling securities
Ask all relevant questions and clear doubts with your Research Analyst
Seek clarifications on recommendations, especially for complex and high-risk products
Be aware of your right to stop availing services as per agreed terms
Be aware of your right to provide feedback on services received

Safety Responsibilities

What NOT to Do

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 discounts or incentives offered by Research Analyst
Do not be bound by any clause that contravenes regulatory provisions

15

Jurisdiction

All disputes are subject to the jurisdiction of the courts of Mumbai, Maharashtra – 400032.