We are SEBI Registered Research Analyst;
(SEBI No. - INH000028158)
Investment in securities market are subject to market risks. Read all the related documents carefully before
investing.
Registered Name: Vijay Porwal
Trade Name: Infoline Equity Research
Registration Status: SEBI Registered Research Analyst
SEBI Registration No.: INH000028158
BSE Enlistment No.: 7308
Website: www.infolineequity.com
Email: support@infolineequity.com
Contact No.: +91 91835 81161
Infoline Equity Research provides research and analysis relating to securities and financial markets in accordance with applicable laws, regulations, circulars and guidelines issued by the Securities and Exchange Board of India (SEBI) and other applicable authorities.
By accessing this website or subscribing to any research service, you acknowledge that you have read, understood and agreed to these Terms & Conditions.
These Terms & Conditions shall be read together with the following documents, wherever applicable:
Where any provision of these Terms conflicts with a mandatory requirement of SEBI or any other applicable law or regulation, the applicable regulatory requirement shall prevail.
Infoline Equity Research provides research services which may include, depending upon the selected service:
The specific scope of the service shall be communicated to the client before subscription.
The Research Analyst does not execute, carry out or manage transactions in securities on behalf of the client.
The client is responsible for placing and executing his/her own trades through the client’s own broker or other authorized intermediary.
Research reports, recommendations, market views, target prices, stop-loss levels or any other research communication do not constitute any assurance or guarantee of profit, return or performance.
Past performance, historical results or previously published recommendations should not be considered as an indication or guarantee of future performance.
Investment in securities market is subject to market risks.
The research provided by Infoline Equity Research is intended to assist clients in making informed decisions.
The client shall independently evaluate the suitability of any recommendation based on the client’s own:
The final investment or trading decision shall remain with the client.
Research reports and recommendations are prepared on the basis of information and analysis considered relevant by the Research Analyst at the time of preparation.
Market conditions, security prices, company fundamentals, economic conditions, government policies and other factors may change after publication of a research report.
Accordingly, a recommendation may change, be modified, withdrawn or become outdated without prior notice.
Clients should refer to the latest available research communication before taking any investment decision.
Reasonable care is taken in preparing research material and obtaining information from sources considered reliable.
However, Infoline Equity Research does not warrant that every piece of information will always be complete, accurate, current or free from errors.
Information obtained from third-party sources may be used where considered appropriate. The Research Analyst does not independently guarantee the accuracy of every third-party source.
Fees for research services shall be disclosed to the client before subscription.
The applicable fee, payment terms, taxes and other charges shall be governed by the applicable Service Agreement, MITC and the applicable SEBI/RAASB requirements.
Any fee-related requirement prescribed by SEBI or applicable regulatory authorities shall apply notwithstanding anything stated elsewhere on this website.
The Most Important Terms and Conditions (MITC) prescribed for Research Analysts form an integral part of the terms applicable to the research services.
The applicable Service Agreement, MITC, disclosures and other applicable documents shall be read together with these Terms & Conditions.
The client is advised to carefully read the MITC and Service Agreement before subscribing to the research services.
Where consent is required under applicable SEBI regulations, circulars or guidelines, the applicable terms and conditions, including the MITC, shall be disclosed to the client and the required consent shall be obtained before commencement of the applicable research service or charging of applicable fees.
For clients or categories of clients for whom signature-based consent is not mandatory under applicable SEBI requirements, the applicable terms and conditions shall nevertheless be disclosed as required by the regulatory framework.
Infoline Equity Research shall make applicable disclosures relating to conflicts of interest in accordance with applicable SEBI regulations, circulars and guidelines.
Where a conflict of interest is required to be disclosed in a research report, recommendation or other communication, the relevant disclosure shall be provided in the prescribed manner.
Infoline Equity Research shall make disclosures relating to its SEBI registration, conflicts of interest, financial interests and other matters as required under applicable SEBI regulations and circulars.
The applicable disclosures may be provided through the website, research reports, client communications or other prescribed means.
Infoline Equity Research does not execute trades on behalf of clients and does not operate or manage the client’s trading or investment account.
Clients are responsible for executing their own investment or trading transactions through their own authorized intermediary.
The client shall not provide trading credentials, passwords, OTPs or other confidential trading access information to Infoline Equity Research or its representatives.
All original content available on this website, including but not limited to:
shall remain the property of Infoline Equity Research or its respective licensors, unless otherwise stated.
Such material shall not be copied, reproduced, modified, republished, distributed, sold, transmitted or commercially exploited without prior written permission, except where permitted by applicable law.
Research reports, recommendations and other proprietary research material provided to a client are intended for the client for whom the service has been provided.
The client shall not knowingly:
This clause does not restrict any use permitted under applicable law.
The client shall:
Reasonable efforts shall be made to keep the website and online services available.
However, temporary interruption may occur due to:
Temporary unavailability of the website shall not by itself constitute a waiver of any regulatory or contractual right available to the client.
The website may contain links to third-party websites, platforms or services for convenience or reference.
Infoline Equity Research does not control third-party websites and is not responsible for their content, availability, privacy practices or terms.
Clients should review the applicable terms and privacy policies of third-party websites before using them.
The collection, use, storage, protection and processing of personal information shall be governed by the Privacy & Refund Policy published on this website.
The Privacy & Refund Policy forms part of the overall terms applicable to the use of this website and the services, wherever applicable.
Infoline Equity Research may retain information where required for legal, regulatory, accounting, compliance, dispute-resolution or other legitimate purposes.
We may communicate with clients through permitted channels including email, telephone, SMS, messaging platforms or other permitted communication methods for:
Promotional communications, wherever applicable, shall be subject to applicable laws, consent requirements and telecom regulations.
Infoline Equity Research may suspend or terminate access to a particular service where permitted under the applicable Service Agreement, these Terms & Conditions or applicable law.
Termination or suspension shall not affect any rights or obligations that have already accrued under applicable law or contract.
Any applicable refund or adjustment shall be dealt with in accordance with the Service Agreement, MITC, Privacy & Refund Policy and applicable SEBI/RAASB requirements.
Cancellation and refund of research services shall be governed by the applicable Service Agreement, MITC, Privacy & Refund Policy and applicable SEBI/RAASB requirements.
Where a refund is applicable, it shall be processed in accordance with the applicable terms and regulatory requirements, including the applicable pro-rata basis, wherever applicable.
Refunds are not linked to the profit or loss arising from any investment or trading decision.
No provision of these Terms & Conditions shall be interpreted as excluding or restricting any refund or other right that is mandatorily available to a client under applicable law or regulatory requirements.
For complete details, clients should refer to the Privacy & Refund Policy published on this website.
Investment and trading in securities involve market risks.
The value of securities may rise or fall and clients may incur losses.
No research report, recommendation, target price, stop-loss, market view or other research communication should be interpreted as a guarantee of profit or protection against loss.
Infoline Equity Research does not offer or represent any scheme or service providing assured, guaranteed or fixed returns from investments or trading.
Any statement, representation or communication that may be interpreted as a guarantee of returns shall not form part of the research services offered by Infoline Equity Research.
Infoline Equity Research shall not be responsible for investment or trading losses arising solely from market movements or from investment or trading decisions independently taken by the client.
Nothing in these Terms & Conditions shall exclude or limit any liability, responsibility or obligation that cannot lawfully be excluded or limited under applicable law or regulatory requirements.
To the extent permitted by applicable law, the client agrees to indemnify Infoline Equity Research against losses, claims or liabilities arising from:
This clause shall not apply to the extent that the relevant loss or liability arises from any act or omission for which Infoline Equity Research is legally or regulatorily responsible.
Clients may raise complaints or grievances through the grievance redressal mechanism provided by Infoline Equity Research.
Complaints shall be handled in accordance with applicable SEBI regulations, circulars and prescribed procedures.
Clients may also use the applicable SEBI-prescribed grievance redressal and dispute-resolution mechanisms, where applicable.
The Research Analyst shall maintain and disclose the applicable grievance-redressal information as required under the regulatory framework. SEBI’s RA framework includes requirements concerning investor grievances and their redressal.
Any claim, difference or dispute between the Research Analyst and the client arising out of or relating to the research services shall be subject to the dispute-resolution mechanism prescribed by SEBI and applicable securities laws, including mediation, conciliation and/or arbitration, wherever applicable.
Nothing in these Terms & Conditions shall prevent a client from exercising any statutory or regulatory remedy available under applicable law.
These Terms & Conditions shall be governed by the laws of India.
Nothing contained in these Terms & Conditions shall restrict or exclude the jurisdiction, powers or requirements of SEBI, RAASB, stock exchanges, statutory authorities or any other competent regulatory authority.
Subject to the applicable regulatory dispute-resolution mechanism, courts having appropriate jurisdiction at Indore, Madhya Pradesh may have jurisdiction.
Infoline Equity Research shall not be responsible for delay or temporary failure in performance caused by circumstances beyond its reasonable control, including natural disasters, government or regulatory actions, technical failures, telecommunications or internet disruptions, cyber incidents, strikes, civil disturbances or other similar circumstances.
Nothing in this clause shall override any mandatory regulatory obligation or statutory right of a client.
Infoline Equity Research may update these Terms & Conditions from time to time to reflect:
The updated version shall be published on the website with the applicable effective date.
Where any change requires fresh client consent under applicable law or regulation, such consent shall be obtained in the prescribed manner.
If any provision of these Terms & Conditions is held to be invalid, unlawful or unenforceable under applicable law, such provision shall be modified or interpreted to the extent necessary to make it enforceable, and the remaining provisions shall continue to remain effective to the extent permitted by law.
Electronic communications may be used between Infoline Equity Research and its clients through permitted communication channels.
Electronic records, communications and consents shall be maintained and relied upon in accordance with applicable legal and regulatory requirements.
These Terms & Conditions, together with the applicable:
constitute the terms governing the relevant research services, subject to mandatory provisions of applicable law and SEBI regulations.
Infoline Equity Research is a SEBI Registered Research Analyst.
Registered Name: Vijay Porwal
Trade Name: Infoline Equity Research
SEBI Registration No.: INH000028158
BSE Enlistment No.: 7308
Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Research services are provided subject to applicable SEBI regulations, circulars, guidelines, MITC and the applicable Service Agreement.
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