Terms of Use

These Terms of Use ("Terms") govern your access to and use of the website, research publications, reports, insights, signals, and all related services offered by “Raj Rupesh Shah” ("“Raj Rupesh Shah”", "we", "our", "us"), a SEBI-registered Research Analyst.

By accessing our website, subscribing to its research, or using any associated services, you acknowledge that you have read, understood, and agreed to these Terms.

If you do not agree with these Terms, you must discontinue use of our website and services.

1. About “Raj Rupesh Shah”

1.1 “Raj Rupesh Shah” is registered with the Securities and Exchange Board of India ("SEBI") as a Research Analyst under the SEBI (Research Analyst) Regulations, 2014.

1.2 We provide research services which includes:

1.2.a Equity Research

• • Company analysis and valuation
• • Sector-specific research reports
• • Fundamental analysis
• • Technical analysis and charting
• • Model-based insights
• • Signals derived from quantitative/technical/fundamental methods

1.2.b Fixed Income Research

• • Bond and debt instrument analysis
• • Credit risk assessment
• • Yield curve analysis
• • Macroeconomic impact studies

1.2.c Market Intelligence

• • Market trend analysis
• • Economic indicators tracking
• • Regulatory updates
• • Investment strategy recommendations

1.3 We do not: Provide personalised investment advice; Offer portfolio management or financial planning; Execute trades or handle client funds; Solicit or recommend purchase/sale of securities on an individual basis.

2. Eligibility

You may use our research services only if: You are at least 18 years old; You are legally capable of entering into a binding contract; You comply with mandatory KYC verification requirements; You do not fall under any SEBI prohibition or restriction.

We may refuse onboarding or terminate services at its discretion.

3. KYC Requirement for Research Subscription

3.1 Users of this website are not able to subscribe to research services or complete onboarding on this website. This website exists solely as a regulatory digital presence in compliance with SEBI Regulation 19A.

3.2 To subscribe to our research, you must undergo mandatory KYC verification as required under SEBI/PMLA. You must provide accurate, current, and complete information during onboarding. We may request additional information or documentation if required for compliance or risk assessment.

3.3 The website does not collect or process KYC documents, onboarding forms, subscription requests, or payment information.

3.4 We may decline onboarding through its formal onboarding channels if KYC verification is incomplete, inconsistent or unverifiable.

4. Nature of “Raj Rupesh Shah” Research Services

4.1 We provide general securities research intended for informational purposes only and does not constitute personalised investment advice.

4.2 Our research may include: Providing or issuing research report or research analysis; Making 'buy/sell/hold' recommendation; Giving price target or stop loss target; Offering an opinion concerning public offer; Recommending model portfolio; Providing trading calls; Technical analysis; Fundamental analysis; Quantitative model outputs; Reports, commentary, and risk notes.

4.3 All research is prepared independently and approved.

4.4 We do not tailor its research for your personal financial profile, investment objectives, risk appetite, or suitability.

4.5 This website does not deliver research content; research distribution occurs only through designated platforms and channels approved by us.

5. Use of Website and Research Content

5.1 You may access and use research strictly for personal, non-commercial purposes.

5.2 You shall not: Reproduce, sell, share, or distribute research; Forward or publish reports or trading signals; Provide advisory services using our research; Scrape, copy, or automate data extraction; Manipulate or misrepresent our content.

5.3 Any unauthorised use may result in immediate termination and legal action.

6. Subscription, Fees & Billing

6.1 Subscription fees, billing cycles, taxes and renewal terms will be clearly displayed before purchase.

6.2 Fees are collected only for research services and include no assurances or guarantees of performance.

6.3 All payments are final unless otherwise specified under a documented refund policy.

6.4 We reserve the right to modify fees or introduce new subscription tiers. Users will be notified in advance.

7. Risks & Performance Disclaimer

7.1 Investing in securities involves risk, including potential loss of capital.

7.2 Past performance is not indicative of future returns.

7.3 Quantitative models may fail in extreme market conditions.

7.4 We do not guarantee profits or accuracy of any research output.

7.5 Users must make independent investment decisions after considering their personal risk tolerance. We assume no responsibility for any investment loss.

8. Intellectual Property Rights

8.1 All content on our website — including research reports, charts, analysis, design, text, graphics — is our exclusive intellectual property.

8.2 You may not copy, modify, reverse-engineer, re-publish, or commercially exploit any content without express written permission.

9. Prohibited Conduct

You agree not to: Access or attempt to access non-public areas of the website; Interfere with website security; Upload malicious code or scripts; Impersonate another person; Misuse research for advisory/tipping services; Engage in market manipulation using our content; Violate SEBI rules while using our research.

10. Termination of Access

We may suspend or terminate your access if: KYC details are false or unverifiable; You misuse research content; You violate these Terms; Required by regulatory authorities; Fraud or misuse is detected. Upon termination, access to all research services shall cease immediately.

11. Limitation of Liability

To the fullest extent permitted by law:

11.1 We are not liable for: Trading losses; Market volatility; Inaccuracies in third-party data; Delay in research delivery; Loss of access due to maintenance or outages; Indirect, incidental, or consequential damages.

11.2 Our total aggregate liability shall not exceed the fees paid by you in the preceding 12 months.

12. Indemnification

You agree to indemnify, defend and hold harmless us from any claim, loss, liability or expense arising out of: Misuse of research; Violation of these Terms; Breach of law or SEBI regulations; Unauthorised distribution or reproduction of reports.

13. Privacy & Data Protection

Your personal data is processed according to our Privacy Policy, which forms part of these Terms. We comply with the SEBI RA Regulations, and applicable data security requirements.

14. Regulatory Cooperation

We may disclose personal or transactional data to: SEBI, KRA, RAASB, FIU-IND, Law enforcement, Courts - when legally required.

15. Governing Law & Jurisdiction

These Terms are governed by the laws of India. Courts in Surat, Gujarat shall have exclusive jurisdiction.