By registering for this facility you understand that NWIL and its group companies, affiliates, subsidiaries and associate companies (hereinafter jointly referred to as “Nuvama Group”) reserve the right, in their sole discretion, to deny you access to this Website or any portion thereof without notice for the following reasons (a) any unauthorized access or use by you (b) if you assign or transfer (or attempt the same) any rights granted to you under this User Agreement or any other agreement that you may have entered with any entity of Nuvama Group; (c) if you violate any terms and conditions of this User Agreement. Termination or cancellation of this User Agreement shall not affect any right or relief to which NWIL and/or Nuvama Group entities may be entitled, at law or in equity. Upon termination of this User Agreement, all rights granted to you will terminate and revert to NWIL and Nuvama Group.
Unauthorized use of this Website and systems, including, but not limited to, unauthorized entry into Nuvama Group’s systems, online accounts, client desks, partners & distributor desks, misuse of passwords or misuse of any other information, is strictly prohibited. You shall not use this Website in any manner that could damage, disable, overburden, or impair this Website or service or interfere with any other party’s use and enjoyment of this Website or service. You shall not attempt to gain unauthorized access to any of our site or service and computer systems or networks connected to it, through hacking. You agree that you will not engage in any activities related to this Website that are contrary to the applicable laws or regulations in force. The Users have the primary responsibility to keep their login-ids and passwords secure and to not display such crucial, important information to any third person. In case of any such leak of login-id & password, NWIL or Nuvama Group cannot be responsible for the loss of such information, or for any act, omission, damages, claims, loss of personal information, etc arising from the use of such leaked login-ids and passwords. NWIL may, at its own discretion, use certain technology on its Website to collect information from visitors and may compile aggregate statistical information about how visitors use its Website, including information relating to the frequency of visits, the average length of visits, which pages are viewed during a visit. No individually identifiable information is collected for this purpose and NWIL does not monitor individual visitor behavior.
NWIL reserves its right, in its sole discretion, without any obligation and without any notice requirement, to change, improve or correct the information, materials and descriptions on this Website and to suspend and/or deny access to this Website for scheduled or unscheduled maintenance, upgrades, improvements or corrections. NWIL may discontinue or change any service described in or offered on this Website or in any modules or parts thereof at any time if it deems fit and proper. NWIL, Nuvama Group (including its and their directors, employees, agents, representatives and subcontractors) shall not be liable for any loss or liability resulting, directly or indirectly, from delays or interruptions due to electronic or mechanical equipment failures, telephone interconnect problems, defects, epidemic, pandemic weather, strikes, walkouts, fire, riots, armed conflicts, acts of war, or other like causes. NWIL or Nuvama Group shall have no responsibility to provide you access to the Website while interruption of the Website due to any such cause shall continue.
With respect to the data from capital markets and the products made available on the Website by NWIL including but not limited to mutual funds, stocks, reports etc. YOU HEREBY AGREE THAT:
You have read and understood the contents of the offer document(s) and addendum(s) thereto of the respective mutual funds / financial products scheme(s) (“Scheme(s)”) and agree to abide by the terms, conditions, rules and regulations of the Scheme(s) applicable from time to time.
You have understood the details of the Scheme(s) and have not received nor been induced by any rebate or gifts, directly or indirectly, in making investment in such Scheme(s).
You confirm that in the event you are a non-resident Indian , that funds are remitted from abroad through approved banking channels or from the Non-Resident External (NRE) / Non-Resident Ordinary (NRO) / Foreign Currency Non-Resident (FCNR) Account.
You confirm that the details provided by you are true and correct.
You hereby declare that the amount being invested by you in the Scheme(s) is derived through legitimate sources and is not held or designed for the purpose of contravention of any Act, rules, regulations or any statute or legislation or any other applicable laws or any notifications, directions issued by any governmental, regulatory or statutory authority/ies from time to time.
You agree that NWIL sources the data from the capital markets namely NSE and BSE (collectively “Capital Markets”) and is therefore not responsible and/or should not be held liable by you for the incorrectness or inaccuracy of any information received in that regard from the Capital Markets.
You agree that the National Stock Exchange of India Limited (“NSE”) data displayed on the Website is always delayed by five (5) minutes whereas the Bombay Stock Exchange (“BSE”) data displayed on the Website is delayed by fifteen (15) minutes; and technical glitches if any, may further delay the data at times and that you will not hold NWIL or Nuvama Group responsible for any such delays in receiving the data / feeds from time to time.
You agree that the authenticity of the data received from Capital Markets is not guaranteed by NWIL or Nuvama Group and that NWIL or Nuvama Group shall assume no responsibility or liability in any manner whatsoever for such data and your subsequent trade, action etc. acting upon such data.
You agree that, NWIL and Nuvama Group (including its and their officers, directors, employees agents, representatives and subcontractors) shall not be, in any event, liable, whether in contract or tort, for any direct, special, indirect, consequential or incidental damages or other damages of any kind whatsoever arising out of the use or inability to use the Website for any purpose/reason whatsoever even if NWIL/Nuvama Group or any other such party has been advised of the possibility thereof. NWIL, Nuvama Group and its and their officers, directors, employees and agents shall have no liability in tort, contract, or otherwise to User of the Website and/or any third party. This limitation on liability includes, but is not limited to, the transmission of any viruses which may infect a User’s equipment, failure of mechanical or electronic equipment or communication lines, telephone or other interconnect problems (e.g., you cannot access your internet service provider), unauthorized access, theft, operator errors, strikes or other labor problems or any force majeure. NWIL and Nuvama Group cannot and do not guarantee continuous, uninterrupted or secure access to this Website.
The links in this Website will allow you to leave the Website. The linked sites are not under the control of the Website/NWIL/Nuvama Group. NWIL/Nuvama Group have not reviewed, nor approved these sites and are not responsible for the contents or omissions of any linked site or any links contained in a linked site. The inclusion of any linked site does not imply endorsement by NWIL or Nuvama Group of the site.
You shall indemnify, defend and hold harmless NWIL, Nuvama Group (including its and their officers, directors, employees, agents, representatives and subcontractors) from any and all claims and losses imposed on, incurred by or asserted as a result of or related to: (a) your access and use of the Website (b) any non-compliance by you with the terms and conditions of the User Agreement hereof; or (c) any third party actions related to your receipt and use of the Information, whether authorized or unauthorized.. If NWIL takes action (by itself or through Nuvama Group companies) to enforce any of the provisions of this User Agreement, including collection of any amounts due hereunder, NWIL shall be entitled to recover from you (and you agree to pay), in addition to all sums to which it is entitled or any other relief, at law or in equity, reasonable and necessary attorney’s fees and all costs of any litigation.
This User Agreement constitutes the entire agreement between you and NWIL, and is inclusive of any other written agreement existing between you and NWIL. By using the information on the Website (“Information”), you assume full responsibility for any and all gains and losses, financial, emotional or otherwise, experienced, suffered or incurred by you. NWIL does not guarantee the accuracy, completeness or timeliness of, or otherwise endorse in any way, the views, opinions or recommendations expressed in the Information displayed on the Website, does not give investment advice, and does not advocate the purchase or sale of any security or investment by you or any other individual. The Information displayed on the Website is not intended to provide tax, legal or investment advice, which you should obtain from your professional advisor prior to making any investment of the type discussed in the Information. The Information does not constitute a solicitation by the information providers, NWIL nor offer for the purchase or sale of securities by NWIL. The access to Website is provided “as is,” without warranty of any kind, either express or implied, including without limitation, any warranty for Information, data, services, uninterrupted access, provided through or in connection with the Website. Specifically, NWIL disclaims any and all warranties, including but not limited to: (i) any warranties concerning the availability, accuracy, usefulness, of content of Information, products or services; and (ii) any warranties of title, warranty of non-infringement, warranties of merchantability or fitness for a particular purpose. This disclaimer of liability applies to any damages or injury caused by any failure of performance, error, omission, interruption, deletion, defect, delay in operation or transmission, computer virus, communication line failure, theft or destruction or unauthorized access to, alteration of, or use of record, whether for breach of contract, tort, negligence, or under any other cause of action. Neither NWIL, Nuvama Group nor any of its and their employees, agents, successors, assigns, or content or service providers shall be liable to you or other third party for any direct, indirect, incidental, special or consequential damages arising out of use of services provided via the Website or inability to gain access to or use such service or out of any breach of any warranty.. Further, you agree and understand that all services provided are non-refundable and that you should carefully consider whether our services are able to meet your needs. Transactions between User of this Website and NWIL shall be governed by and construed in accordance with the Securities and Exchange Board of India (“SEBI”) regulations and laws of India, without regard to the laws regarding conflicts of law.. Any clause hereof declared invalid shall be deemed severable and not affect the validity or enforceability of the remainder provisions hereof.
The terms of this User Agreement are exclusively based on and subject to Indian law. You hereby consent to the exclusive jurisdiction and venue of courts in Mumbai, Maharashtra, India in case of any and all disputes arising out of or relating to the use of this Website. Use of this Website is unauthorized in any jurisdiction that does not give effect to all provisions of the User Agreement, including without limitation this paragraph.
The provisions of this risk management policy (“Risk Management Policy”) shall be applicable to you if you are a client of NWIL availing stock broking services from NWIL pursuant to the contractual arrangement between you and NWIL.
You unconditionally and irrevocably acknowledge and agree that:
(i) NWIL reserves the right in its sole and absolute discretion to sell your securities or close your existing position , without giving notice to you.
(ii) As per clause 5 of the agreement entered between you and NWIL, NWIL is entitled to liquidate/close-out all or any of your positions for non-payment of margins or other amounts, outstanding debts, etc. and adjust the proceeds of such liquidation/close-outs, if any, against your liabilities/obligations.
(iii) If you have negative ledger due to MTM losses or unsettled obligation you will have to regularize the same by transferring funds or selling off collaterals by T+2 (T+1 in case of MTM obligations) failing which necessary action will be taken by NWIL to regularize the account.
(iv) Also, in the event of persisting margin shortfall / ledger debits the Futures & Options (F&O) position would be squared off and later on adequate collaterals will be squared off to recover the Mark to Market (MTM) losses in case no action is initiated by you or your authority.
(v)For the above purpose, risk management team of NWIL will take into consideration the applicable margin/collateral requirement based on the set standards considering the risk element involved in the same. The applicable haircuts for acceptable scrips for the margin/collateral by NWIL are available for the clients in the trading section under Stock List under collateral master.
(vi) This Risk Management Policy is applicable for overdue and/ or shortage in payment not made by you whether arising out of margin shortfall or on account of pay/ in payout obligations. Your margins will be monitored intra-day during the market hours, and your position or collaterals may be liquidated, at the discretion of NWIL, in case of any shortfall without any notice to you. While arriving at the amount of margin shortfall or obligation due, NWIL reserves the right to consider/disregard cheques and securities under clearance. You are requested to keep a track of your margin positions and ensure that appropriate margins are placed with NWIL at all points of time to avoid any forceful square up. NWIL, at its discretion may in addition or on a standalone basis levy delayed payment charges and/ or additional penalties.
(vii) In terms of the above Risk Management Policy, any and all losses and financial charges on account of such liquidation/closing-outs shall be charged to and borne by you.