Last Updated : 22nd July, 2025
Terms and Conditions for Research Analyst (RA) Services Provided by 'Basant Advisors'
Basant Advisors [Prop: Sakshi Gaurav Jalan] is a SEBI registered Research Analyst (RA) under Registration No. INH000021313 from June 24, 2025; BSE Enlistment No. 6581.
By subscribing to the research services, clients acknowledge and agree to the following terms and conditions: This agreement shall be effective from the date of the client's signature and remain valid for a period of 365 days. During this term, the client has the option to continue or renew the services as desired.
1. Availing the Research Services
By accepting delivery of the research service, the client confirms that he/she has elected to subscribe to 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.
2. 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.
3. 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.
4. 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, mode(s) and mechanism communicated by the Research Analyst (including but not limited to payment gateways or processors like NEFT, IMPS, Centralized Fee Collection Mechanism for RA, Cheque, etc.).
The maximum fee charged by the Research Analyst, per SEBI (RA) Regulations, shall not exceed ₹1.51 lakhs per annum per family of clients, unless otherwise notified by SEBI. The Research Analyst may collect one year advance payment based on mutual agreement.
5. Termination of Service and Refund of Fees
The Research Analyst can collect a maximum of One year advance fees, and as per your advance fees, the same validity is provided (if payment is partial, then a pro-rata basis validity of service will be allotted to the client).
The advance fees paid are non-refundable except if the Research Analyst's license is terminated or cancelled by SEBI or voluntarily surrendered by the Research Analyst. In such cases, a pro-rata basis refund will be initiated by the Research Analyst to the client.
The Research Analyst reserves the right to suspend or terminate the provision of research services to clients in the event of suspension or cancellation of its registration with SEBI. In case the certificate of registration of the Research Analyst is suspended for a period exceeding sixty (60) days or is cancelled, the Research Analyst shall refund the subscription fees to the client on a pro-rata basis for the period from the effective date of such suspension or cancellation to the end of the subscription period.
Termination by You (the Client):
We strive to provide a clear and fair refund policy for our clients. Please review the following terms:
Non-Refundable Fees
Certain fees, including but not limited to administrative, onboarding, Direct and Indirect taxes or setup charges, are non-refundable. These fees are expressly outlined in the service agreement and are not subject to refund under any circumstances.
No Refund for Partial Month Usage
Refunds will only be provided for full, unutilized months of service. In cases where a service agreement is terminated prior to the completion of a month, no refund will be issued for the partially utilized month.
Example:
If a client has paid for a service from February 1st to April 30th, and terminates the service on March 10th, no refund will be given for the unexpired month of March. A refund will only be issued for the full, unused month, which in this case would be for April.
Adverse Market Conditions or Losses Incurred
The RA does not guarantee any specific investment returns or profits. As investments are subject to market risks, the client acknowledges that financial losses may occur based on market conditions. Therefore, refunds will not be provided for any losses incurred due to investment decisions or market performance, even if these losses are based on recommendations provided by the RA.
Refund Policy:
| Subscription Type | Cancellation Period | Refund Details |
|---|---|---|
| One Month Subscription | Within 48 hours of payment | 100% refund of the subscription fee. |
| Three Month Subscription | Within 72 hours of payment | One month subscription fee retained by RA, remaining refunded |
| Twelve Month Subscription | Within 120 hours of payment | One month subscription fee retained by RA, remaining refunded |
Important Notes:
• Cancellation requests must be made within the specified time periods to qualify for a refund.
• If the cancellation request is made after the applicable time frame, no refund will be issued.
• Kindly note that refund requests must be submitted in writing with valid reasons and sent exclusively to the email address: basant.advisors@gmail.com
6. Risk Factors
Investments in securities markets are inherently risky and subject to market dynamics. Registration granted by SEBI, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to clients.
7. 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. Full disclosures are provided in each research report.
8. Grievance Redressal and Dispute Resolution
For any support-related grievances, including issues related to non-receipt of reports, missing pages or inability to download the entire report or deficiencies in service, clients must email their concerns to basant.advisors@gmail.com.
If unresolved, grievances must be escalated to the designated grievance officer. All grievances will be addressed within 7 (seven) business days or as per the latest SEBI RA Regulations.
Grievance Contact Details:
Compliance Officer: Mr. Gaurav Jalan
Mobile: 9820101250
Email: gaurav82jalan@gmail.com
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.
9. Use of Research Reports
All research reports and related information are confidential and intended solely for the subscriber. Unauthorized distribution, reproduction, or use of these materials is strictly prohibited.
Clients must independently assess all recommendations, and the Research Analyst assumes no responsibility for any losses incurred.
10. 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.
11. Optional Centralised Fee Collection Mechanism
Basant Advisors [Prop: Sakshi Gaurav Jalan], in compliance with SEBI guidelines, informs clients about the availability of an optional Centralized Fee Collection Mechanism (CeFCoM) for the payment of fees. Clients opting for this mechanism will be provided with necessary guidance and instructions at the time of subscription.
12. Use of Artificial Intelligence
Basant Advisors [Prop: Sakshi Gaurav Jalan] may occasionally use Artificial Intelligence (AI) tools in its research services to enhance the quality and efficiency of the recommendations provided to clients.
In accordance with Regulation 24(7) of the SEBI (Research Analyst) Regulations, 2014:
• We take full responsibility for the security, confidentiality, and integrity of client data used in conjunction with AI tools.
• We ensure compliance with applicable laws regarding the use of AI tools.
13. Most Important Terms and Conditions (MITC)
Please refer to the detailed “Most Important Terms and Conditions (MITC)” section above in your shared draft. This section is retained word-to-word and follows all regulatory stipulations with paragraphing and bullet points formatted for clarity.
14. Standard Terms of Service
By subscribing to our services, the Client acknowledges and agrees to the following:
“I / We have read and understood the terms and conditions applicable to a research analyst as defined under regulation 2(1)(u) of the SEBI (Research Analyst) Regulations, 2014, including the fee structure.
I/We are subscribing to the research services for our own benefits and consumption, and any reliance placed on the research report provided by research analyst shall be as per our own judgement and assessment of the conclusions contained in the research report.
I/We understand that –
i. Any investment made based on the recommendations in the research report are subject to market risk.
ii. Recommendations in the research report do not provide any assurance of returns.
iii. There is no recourse to claim any losses incurred on the investments made based on the recommendations in the research report.”
15. Declaration from Basant Advisors [Prop: Sakshi Gaurav Jalan] (“Research Analyst”)
• We are duly registered with SEBI as a Research Analyst under Registration No. INH000021313 from Jun 24, 2025; BSE Enlistment No. 6581 and compliant with the SEBI (Research Analyst) Regulations, 2014.
• Currently, we have a valid SEBI registration and the required qualification to render services contemplated under RA regulations.
• We are not engaged in any additional professional or business activities, on a whole-time basis or in an executive capacity, which interfere with/influence or have the potential to interfere with/influence the independence of research report and/or recommendations contained therein.
• We have no material adverse disciplinary history or any conflicts of interest that compromise the integrity of our recommendations.
• The maximum fee charged by the Research Analyst shall not exceed ₹1.51 lakhs per annum per family of clients excluding any applicable statutory levies or taxes.
• The recommendations provided by us do not provide any assurance of returns.
For more detailed information about the terms and conditions, you may refer to the MITC section of our website: https://www.basantadvisors.com or contact us directly at basant.advisors@gmail.com
Thanks and Regards
For Basant Advisors
[Sakshi Gaurav Jalan]
SEBI Registered Research Analyst
SEBI Reg No.: INH000021313
BSE Enlistment No: 6581
I accept all terms and conditions above and I am providing my consent to it.
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