Most Important Terms & Conditions
The MITC every client must read — the standardised terms prescribed by SEBI/RAASB.
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Most Important Terms & Conditions (MITC)
Mekapotula Phanindra (“Research Analyst”) is registered with the Securities and Exchange Board of India (SEBI) as a Research Analyst under Registration No. Awaiting allotment from SEBI.
- These terms and conditions, and the consent thereon, are for the research services provided by the Research Analyst (RA). The RA cannot execute or carry out any trade (purchase/sell transaction) on behalf of the client. Clients are advised not to permit the RA to execute any trade on their behalf.
- The fee charged by the RA to the client will be subject to the maximum amount prescribed by SEBI/RAASB from time to time (applicable only for Individual and HUF clients).
- The current fee limit is ₹1,51,000 per annum per family (individual/HUF clients) for all research services of the RA.
- The fee limit does not include statutory charges.
- The fee limits do not apply to a non-individual client / accredited investor.
- The RA may charge fees in advance if agreed by the client. Such advance shall not exceed the period stipulated by SEBI (presently one year). In case of pre-mature termination by either party, the client shall be entitled to a refund of proportionate fees only for the unexpired period.
- Fees may be paid through any specified mode such as cheque, online bank transfer, UPI, etc. Cash payment is not allowed. Optionally, the client can pay through the Centralized Fee Collection Mechanism (CeFCoM) managed by BSE Limited (currently the recognised RAASB).
- The RA is required to abide by the applicable regulations/circulars/directions specified by SEBI and RAASB in relation to disclosure and mitigation of any actual or potential conflict of interest. The RA will endeavour to promptly inform the client of any conflict of interest.
- Any assured/guaranteed/fixed-return schemes, or any other schemes of a similar nature, are prohibited by law. No such scheme shall be offered to the client by the RA.
- The RA cannot guarantee returns, profits, accuracy or risk-free investments from the use of its research services. All opinions, projections and estimates are based on analysis of available data under certain assumptions as of the date of preparation/publication of the research report.
- Any investment made based on recommendations is subject to market risks, and recommendations do not provide any assurance of returns. There is no recourse to claim any losses. Any reliance placed on the research report shall be as per the client’s own judgement and assessment.
- The SEBI registration, enlistment with RAASB, and NISM certification do not guarantee the performance of the RA or assure any returns to the client.
- Clients are required to keep their contact details, including email ID and mobile number, updated with the RA at all times.
- The RA shall never ask for the client’s login credentials or OTPs for their Trading Account, Demat Account or Bank Account. Clients must never share such information with anyone, including the RA.
For any grievances
- Step 1: For any support-related grievances, including non-receipt of reports or
deficiencies in service, email your concerns to
support@rudratradingco.in. If unresolved, escalate to
the designated Compliance Officer. All grievances will be addressed within 7 business days or as per the
latest SEBI RA Regulations.
Compliance Officer: Mekapotula Phanindra (phanigoud123@gmail.com) · Contact: +91 9948884315 - Step 2: If the resolution is unsatisfactory, you can lodge grievances through SEBI’s SCORES platform at https://scores.sebi.gov.in/.
- Step 3: You may also consider Online Dispute Resolution (ODR) through the SMART ODR portal at https://smartodr.in/login.