Terms and Conditions for Subscription

This term of sale governs the sale and subscription of Motilal Oswal Financial Services Ltd (MOFSL) Research360 subscription plans (R360).

In addition to this Terms of Sale, by subscribing to this TnC and using it, you also agree to MOFSL

Terms of Use, Disclaimer, Privacy Policy and the Cookie Policy (Collectively referred to as 'R360 Terms').

MOFSL may change these R360 Terms at any time. Your continued use of R360 or other products of MOFSL means that you accept any new or modified R360 Terms that MOFSL come up with. Please re-visit the 'Terms of Use' link at MOFSL website from time to time to stay abreast of any changes that MOFSL may introduce.

1.R360

By subscribing to R360, you will gain access to: Research report of Motilal Oswal Financial Services Limited and much more for a duration, as stated in the respective R360 plan opted by you.

2.Subscription

• • Auto-Renewal Subscription: Unless you opt-out of auto-renewal or cancel your subscription, which can be done through your account setting research360@motilaloswal.com, R360 subscription will be automatically extended for successive renewal periods of the same duration as the subscription term originally selected, at the then-current non-promotional rate. You will not receive a notice from us that your promotional period has ended or that your subscription has auto-renewed.
• Differing Subscriptions/Promotions. MOFSL may offer a number of types of subscriptions and special promotions. Any materially different terms from those described in this R360 Terms will be disclosed at the time of purchase or in other communications made available to you. MOFSL reserve the right to change or terminate any offered subscriptions/plans or promotions at any time.

3.Payment

• Billing. You can pay for your subscription with the payment instrument accepted by payment gateway/processor (‘’Payment Processors’) appointed by MOFSL . The processing of payments will be subject to the terms, conditions and privacy policies of the Payment Processor in addition to these R360 Terms. MOFSL is not responsible for error by the Payment Processor. By choosing R360 Terms, you agree to pay MOFSL , through the Payment Processor, all charges at the prices then in effect for any use of R360 including for Auto -Renewals in accordance with the applicable payment terms and you authorize MOFSL , through the Payment Processor, to charge your chosen payment provider (your “Payment Method”). You agree to make payment using that selected Payment Method. MOFSL reserve the right to correct any errors or mistakes that the Payment Processor makes even if it has already requested or received payment. If your payment is unsuccessful by reason of insufficient funds, expiration, or otherwise, you remain responsible for any uncollected amount.
• Payment Method. The terms of your payment will be based on your Payment Method and may be determined by agreements between you and the financial institution, credit card issuer or another provider of your chosen Payment Method. If MOFSL , through the Payment Processor, do not receive payment from you, you agree to pay all amounts due on your billing account upon demand.
• Recurring Billing. By placing an order for a subscription, you authorize MOFSL to charge you the subscription fee then in effect at the beginning of each billing period, plus applicable taxes, to your Payment Method. You acknowledge that the amount charged each billing period may vary for reasons that may include price changes, changing your subscription, or changes in applicable taxes, and you authorize us to charge your Payment Method for such varying amount each billing period. Applicable taxes may vary. For example, you authorize us to charge your Payment Method the promotional rate disclosed on the subscription screen in the initial billing period (if applicable) and the regular subscription rate in subsequent billing periods, each with applicable taxes. MOFSL automatically bill your Payment Method on the first day of each billing period. MOFSL reserve the right to change the timing of MOFSL billing, in particular, in the event your Payment Method has not successfully settled.
• Current Information Required. You must provide current, complete and accurate information for your billing account. You must promptly notify us or our payment processor if your payment method is cancelled (e.g., for loss or theft) or if you become aware of a potential breach of security, such as the unauthorized disclosure or use of your user name or password. Changes to such information can be made in your account settings. If you fail to provide any of the foregoing information, you agree that MOFSL may continue charging you for any use of R360 under your billing account unless you have cancelled your R360 subscription.
• Price Changes. MOFSL reserve the right to charge subscription fees for any of ITS subscriptions at any time. MOFSL will notify you of any changes if the regular fee for your subscription changes from what was stated at the time of your initial order. You will have an opportunity to cancel your subscription at that time. If you do not cancel your subscription, you will be charged the new subscription fee at your next billing period.
• Billing Period. MOFSL will charge the subscription fee at the commencement of your subscription or, if applicable, at the end of your free trial period (if any), and automatically on the first calendar day of each billing period thereafter unless and until your subscription is cancelled.

4.Cancellations and Refunds

• Cancellations. You can cancel your subscription at any time by writing email to research360@motilaloswal.com__. You must cancel your subscription at least 5 (five) Business working days before it renews each billing period to avoid billing of the next billing period’s subscription fees to your Payment Method. Accordingly, when you cancel, you cancel only future charges associated with your subscription, and you will not receive a refund for the current billing period. Your cancellation will become effective at the end of your current billing period, and you will continue to have access to your subscription for the balance of the billing period.
• Refunds. Payments are non-refundable, and there are no refunds or credits for partially used billing periods. Disclosure and Consent. By purchasing a R360 subscription and/or clicking on the box at subscription account / account opening, you consent to receive notices, disclosures, agreements, policies, receipts, confirmations, transaction information, account information, other communications, and changes or updates to any such documents electronically (collectively, the “Electronic Communications”). MOFSL will provide these Electronic Communications to your “My Account” page, and/or emailing them to your primary email address associated with your R360 subscription.

5.KYC Procedure

6.Motilal Oswal Financial Services Limited - Terms and Conditions for RA Client

7. Most Important Terms and Conditions (MITC)

• These terms and conditions, and consent thereon are for the research services provided by the Research Analyst (RA) and RA cannot execute/carry out any trade (purchase/sell transaction) on behalf of, the client. Thus, the clients are advised not to permit RA to execute any trade on their behalf.
• The fee charged by RA to the client will be subject to the maximum of amount prescribed by SEBI/ Research Analyst Administration and Supervisory Body (RAASB) from time to time (applicable only for Individual and HUF Clients).
  Note:
  The current fee limit is Rs 1,51,000/- per annum per family of client 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.
• 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 the RA services by either the client or the RA, the client shall be entitled to seek refund of proportionate fees only for unexpired period.
• 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 Centralized Fee Collection Mechanism (CeFCoM) managed by BSE Limited (i.e. currently recognized RAASB).
• 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 to the client.
• 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.
• The RA cannot guarantee returns, profits, accuracy, or risk-free investments from the use of the RA's research services. All opinions, projections, estimates of the RA are based on the analysis of available data under certain assumptions as of the date of preparation/publication of research report.
• 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 judgement and assessment of the conclusions contained in the research report.
• The SEBI registration, Enlistment with RAASB, and NISM certification do not guarantee the performance of the RA or assure any returns to the client.
• For any grievances,
  the client should first contact the RA using the details on its website or following contact details:
  (RA to provide details as per 'Grievance Redressal / Escalation Matrix')
  If the resolution is unsatisfactory, the client can also lodge grievances through SEBI's SCORES platform at www.scores.sebi.gov.in. The client may also consider the Online Dispute Resolution (ODR) through the Smart ODR portal at https://smartodr.in.
• Clients are required to keep contact details, including email id and mobile number/s updated with the RA at all times.
• The RA shall never ask for the client's login credentials and OTPs for the client's Trading Account Demat Account and Bank Account. Never share such information with anyone including RA.

Grievance Redressal/ Escalation Matrix (Research Analyst)