Terms of Service

1. LKP Securities Ltd is registered under the companies Act, 1956 and having its registered office at 203 Embassy Centre Nariman Point Mumbai- 400021 vide CIN: L67120MH1994PLC080039(herein after referred as “LKP”). LKP is a SEBI registered Research Analyst with registration number INH000001758.

2. Availing the research services: By accepting delivery of the research service, the client confirms that he/she has elected to subscribe the research service of the RA at his/her sole discretion. RA confirms that research services shall be rendered in accordance with the applicable provisions of the RA Regulations.

3. Obligations on RA: RA and client shall be bound by SEBI Act and all the applicable rules and regulations of SEBI, including the RA Regulations and relevant notifications of Government, as may be in force, from time to time.

4. Client Information and KYC: The client shall furnish all such details in full as may be required by the RA in its standard form with supporting details, if required, as may be made mandatory by RAASB/SEBI from time to time. RA shall collect, store, upload and check KYC records of the clients with KYC Registration Agency (KRA) as specified by SEBI from time to time.

5. Consideration and mode of payment: The client shall duly pay to RA, the agreed fees for the services that RA renders to the client and statutory charges, as applicable. Such fees and statutory charges shall be payable through the specified manner and mode(s)/ mechanism(s).

6. Conflict of interest: The RA shall adhere to the applicable regulations/ circulars/directions specified by SEBI from time to time in relation to disclosure and mitigation of any actual or potential conflict of interest. (A statement covering the mandatory disclosures to be added under this clause by the RA.

7. Termination of service and refund of fees: Disclosure that the RA may suspend or terminate rendering of research services to client on account of suspension/ cancellation of registration of RA by SEBI and shall refund the residual amount to the client. In case of suspension of certificate of registration of the RA for more than 60 (sixty) days or cancellation of the RA registration, RA shall refund the fees, on a pro rata basis for the period from the effective date of cancellation/ suspension to end of the subscription period.

8. Grievance redressal and dispute resolution: Any grievance related to (i) non-receipt of research report or (ii) missing pages or inability to download the entire report, or (iii) any other deficiency in the research services provided by RA, shall be escalated promptly by the client to Mr. Shashank Waghela at cs@lkpsec.com.

9. The RA shall be responsible to resolve grievances within 7 (seven) business working days or such timelines as may be specified by SEBI under the RA Regulations. RA shall redress grievances of the client in a timely and transparent manner. Any dispute between the RA and his client may be resolved through arbitration or through any other modes or mechanism as specified by SEBI from time to time.

10. Additional clauses: All additional voluntary clauses added by the RA should not be in contravention with rules/ regulations/ circulars of SEBI. Any changes in such voluntary clauses/document(s) shall be preceded by a notice of 15 days.

11. Mandatory notice: Clients shall be requested to go through Do’s and Don’ts while dealing with RA as specified in SEBI master circular no. SEBI/HO/MIRSD-POD-1/P/CIR/2024/49 dated May 21, 2024 or as may be specified by SEBI from time to time.

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

13. Optional Centralised Fee Collection Mechanism: RA Shall provide the guidance to their clients on an optional ‘Centralised Fee Collection Mechanism for IA and RA’ (CeFCoM) available to them for payment of fees to RA.

14. LKP shall provide technical and fundamental research reports/recommendations regarding particular industry, sector and companies for all individual as well as non–individual investors, which might commonly termed as securities analysis.

15. All investments in stock markets, commodities markets and any other financial instruments traded on the Exchange platforms are subject to the market risks and the returns may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates.

16. Investment in securities market are subject to market risks. Read all the related documents carefully before investing. The floating rate investments are subject to risks pertaining to Interest rate movement, spread movement, settlement and liquidity.

17. LKP research analyst and/or its associates do not have any financial interest in the subject company.

18. Further, LKP research analyst and/or its associates; do not have any material conflict of interest.

19. LKP research analyst certifies that no part of the compensation was, is, or will be directly or indirectly related to the specific recommendation(s) or view(s) in the recommendations provided.

20. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

21. The securities quoted are for illustration only and are not recommendatory.

22. Disclaimers are available on our website: https://www.lkpsec.com/disclaimer.