MITC

Most Important Terms & Conditions

Nooresh Merani (“Research Analyst”) is registered with the Securities and Exchange Board of India (SEBI) as a Research Analyst under Registration No. INH000008075; BSE Enlistment No. 5420

1. Research Services

The terms and conditions and the consent thereon are for the research services provided by the RA, and the RA cannot execute or carry out any trade (purchase/sell transaction) on behalf of the client.
Thus, you are advised not to permit the Research Analyst to execute any trade on your behalf.

2. Fee Regulations

The fee charged by the RA to the client will be subject to the maximum amount prescribed by SEBI / Research Analyst Administration and Supervisory Body (RAASB) from time to time (applicable only for Individual and HUF Clients).

3. Current Fee Limit

The current fee limit is Rs. 1,51,000/- per annum per family of client for all research services of the RA.

4. Statutory Charges

The fee limit does not include statutory charges.

5. Non-Individual Clients

The fee limits do not apply to a non-individual client / accredited investor.

6. Advance Fee and Refund Policy

RA may charge fees in advance if agreed by the client. Such advance shall not exceed the period stipulated by SEBI; presently it is one year.
In case of pre-mature termination of RA services by either the client or the RA, the client shall be entitled to seek a refund of proportionate fees only for the unexpired period.

7. Payment Modes

Fees to RA may be paid by the client through any of the specified modes like cheque, online bank transfer, UPI, etc.
Cash payment is not allowed.
Optionally, the client can make payments through the Centralized Fee Collection Mechanism (CeFCoM) managed by BSE Limited (i.e. currently recognized RAASB).

8. Conflict of Interest

The RA is required to abide by the applicable regulations/circulars/directions specified by SEBI and RAASB from time to time in relation to disclosure and mitigation of any actual or potential conflict of interest.
The RA will endeavor to promptly inform the client of any conflict of interest that may affect the services being rendered.

9. Prohibition of Assured Return Schemes

Any assured / guaranteed / fixed return 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.

10. No Guarantee or Assurance

The RA cannot guarantee returns, profits, accuracy, or risk-free investments from the use of the RA’s research services.
All opinions, projections, and estimates of the RA are based on analysis of available data under certain assumptions as of the date of preparation/publication of the research report.

11. Market Risk Disclaimer

Any investment made based on recommendations in research reports are subject to market risks, and recommendations 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.
Any reliance placed on the research report provided by the RA shall be as per the client’s own judgment and assessment of the conclusions contained in the research report.

12. SEBI Registration Disclaimer

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

13. Grievances and Dispute Resolution

Step 1:
For any support-related grievances, including issues related to non-receipt of reports or deficiencies in service, clients must email their concerns to noorrock2002@gmail.com.
If unresolved, grievances must be escalated to the designated grievance officer.
All grievances will be addressed within 7 (seven) business days or as per latest SEBI RA Regulations.

Contact Details:

Step 2:
If the resolution is unsatisfactory, the client can also lodge grievances through SEBI’s SCORES platform at www.scores.sebi.gov.in

Step 3:
The client may also consider the Online Dispute Resolution (ODR) through the Smart ODR portal at https://smartodr.in

14. Client Information

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

15. Confidentiality & Security

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

16. Use of Artificial Intelligence (AI)

Our research services are conducted with a human-driven approach.
We do not rely on AI for generating research insights, analysis, or recommendations.
However, AI may be used selectively for editing language, data checks, etc.

17. License Type

Individual