RA Client Consent & Terms of Service

Entity & Registration

1. Definitions

Owner / We / Us / Our

Refers to Rahul Ranka, the SEBI-registered Research Analyst entity providing research and advisory services, including its employees and affiliates.

User / Client / You / Your

Any individual or legal entity subscribing to or using the research services provided by Rahul Ranka.

Parties

Collectively refers to Rahul Ranka and the User/Client.

2. Assent & Acceptance

• By subscribing to or utilizing the research services, you confirm that you have read, understood, and agreed to these Terms of Service (TOS).
• If you do not agree with these terms, you should not avail the services and may seek a refund immediately if applicable.
• Access to research services is granted only upon acceptance of these Terms and any additional relevant terms associated with specific services.

3. Service Subscription & Obligations

• Subscription Confirmation: By accepting the research services from Rahul Ranka, you acknowledge voluntary subscription and acceptance of the terms complying with SEBI (Research Analyst) Regulations, 2014.
• Regulatory Compliance: Both the Client and Rahul Ranka must comply with all applicable SEBI laws, RA Regulations, and government notifications as amended from time to time.

4. Client Information & KYC

• Clients must provide complete and accurate personal and financial details as required by Rahul Ranka's standard KYC format.
• Supporting documentation as per SEBI and RAASB guidelines must be submitted and will be verified with the KYC Registration Agency (KRA) regularly.

This requirement is in accordance with SEBI RA regulations of 2014, aimed at protecting investor interests. Any inaccuracies or discrepancies in retrieving KYC from the KRA agency will result in immediate termination of research services, and removal from the group, without prior notice.

5. Research Report Terms & Conditions

• The recommendations provided in research reports are based on publicly available information believed to be reliable and accurate at the time of publication.
• Unless otherwise stated, recommendations are intended for a 12-month investment horizon.
• Ratings provided are based on absolute returns (positive or negative) and should be interpreted accordingly.
• Security prices may fluctuate due to market volatility or company-specific events, and returns may vary dramatically over time.
• We reserve the right to revise or withdraw ratings due to reassessment of valuation, market events, or lack of clarity.
• Opinions expressed are subject to change without notice, and we are under no obligation to inform clients of such changes.
• Clients are advised to carefully assess market risks, including the possibility of partial or permanent capital loss.
• There is no scope for refunding losses incurred from acting on any research report or commentary.
• While pro-rata refunds may be considered for subscriptions due to dissatisfaction, these are not tied to investment outcomes.
• Rahul Ranka, along with partners, employees, officers, and affiliates, expressly disclaims any liability for loss or damages arising from unintentional errors or omissions in any information or recommendations contained in the research reports.
• All reports, including third-party reports, are carefully reviewed prior to dissemination to ensure accuracy and to avoid misleading statements.
• A daily closing chart of securities is available on the NSE charting tool and the BSE charting tool.
• The view on securities is based on both technical and fundamental analysis.
• Rahul Ranka adheres strictly to SEBI (Research Analyst) Regulations, 2014, and does not offer investment advisory or Portfolio Management Services (PMS).
• All participants must follow the instructions provided during group calls. One-on-one investment or trading services are not offered, as this is against RA regulations.
• Personal queries related to group calls will not be entertained. Members are responsible for their own profits and losses.
• Copyright and Confidentiality: Research reports are issued for personal use only, and no part of a report may be reproduced, redistributed, or published without written authorization from Rahul Ranka.

Clients Agree and Certify

• (a) I / We have read and understood the provisions of the SEBI (Research Analyst) Regulations, 2014.
• (b) I / We have subscribed to the research service for personal use only and will exercise independent judgment before relying on the report's conclusions.

Awareness of Risk Factors and Disclaimers

• (a) Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
• (b) Holding open positions without stop-loss or target prices can lead to significant losses; clients should exit such positions if a 10-15% loss threshold is reached.
• (c) Market conditions can cause partial or total loss of invested capital.
• (d) Registration granted by SEBI, Enlistment with RAASB, and certification from NISM do not guarantee the performance of the intermediary nor assure returns to investors.
• (e) Past performance is not indicative of future results.
• (f) There is no guarantee of returns on recommendations.
• (g) No claims or compensation can be made for losses arising from acting on research recommendations.

6. Disclosures by Rahul Ranka

SEBI Registration Name

Rahul Ranka

SEBI Registration Number

INH000021085

Registration Date

17 June 2025

Trade Name / Website

Official Rahul Ranka website

Maximum Fee Charged

₹1.51 lakhs plus GST per annum, from individual clients only; not applicable to non-individual clients as per current SEBI RA regulations.

• No assurance or guarantee of return is provided on research recommendations.
• The Research Analyst declares no conflict of interest and no other professional businesses adversely affecting independence.

7. Payment Terms

• Fees for services must be paid promptly using the authorized modes and channels prescribed by Rahul Ranka.
• Accepted payment methods and details are available on the official website.
• Clients requesting service termination and refunds will be eligible for pro-rata refunds as per SEBI guidelines and Rahul Ranka's Refund Policy.
• If you engage with unauthorized persons, including our employees or associates, or accept return guarantees or personal trades from them without officially informing the company on carahulranka108@gmail.com, the company will not be liable for any resulting losses or liabilities.

8. Risk Factors

• Investments carry inherent market, financial, operational, regulatory, litigation, and credit risks, among others, including fluctuations in market conditions, changes in laws, cyber risks, supply chain issues, and legal disputes.
• Market Risk Warning: Investment in securities markets is subject to market risks. Read all related documents carefully before investing.
• Open Positions Risk: Positions without specified stop-loss or target levels are riskier with significantly higher loss potential; clients should exit at a loss of 10-15%.
• Futures & Options Risk: High risk involved; suitable only for investors with appropriate risk appetite.
• Registration granted by SEBI, Enlistment with RAASB, and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
• There is no recourse or right to claim compensation for losses arising from investment decisions based on research recommendations or calls.

9. Additional Warnings & Disclaimers

• No warranties or guarantees are made regarding the accuracy, results, or reliability of research, including on social media platforms.
• AI and algorithmic tools are used occasionally to support fundamental and technical analysis; associated risks include data bias, system failures, and security breaches, which can cause investment or portfolio loss.
• Client confidentiality and data security are strictly maintained.

10. Conflict of Interest & Compliance

• Rahul Ranka fully complies with SEBI's disclosure and conflict of interest policies.
• There are no conflicts, financial interests, or compensation arrangements from subject companies influencing research reports.

11. Model Portfolio

When applicable, model portfolios will be recommended in strict adherence to SEBI guidelines, but should be used for informational purposes only.

12. Client-Level Segregation

• Existing clients cannot receive both research and distribution services from the same group or family.
• New clients must select only one service at onboarding: either research or distribution.

13. Service Suspension & Termination

Rahul Ranka reserves the right to suspend or terminate service with or without notice in case of:

• Violation of these Terms of Service.
• Regulatory direction.
• Non-payment beyond grace periods.

Refunds on termination or registration suspension will be made on a pro-rata basis as per applicable SEBI regulations.

14. Jurisdiction & Governing Law

• These Terms of Service are governed by Indian law, specifically SEBI regulations.
• Any disputes will be subject to the exclusive jurisdiction of courts located in Mumbai, Maharashtra.

15. Amendments

• The Owner may update or modify these Terms in accordance with SEBI regulations.
• Material changes will be notified on the website or via email.
• Continued use of services signifies acceptance of updated terms.

16. Indemnification

You agree to indemnify and hold harmless Rahul Ranka, its officers, and employees against all claims arising from your breach of these Terms or misuse of the service.

17. Residency & Tax Status Confirmation (FATCA Declaration)

• I am a resident of India.
• I am not politically exposed.
• I am a tax resident of India.
• Any changes in residency, tax status, or political circumstances must be updated promptly, usually within 30 days.
• The client bears full responsibility for any misrepresentation.
• Data will be disclosed to authorized Indian authorities upon request to ensure compliance.

Most Important Terms & Conditions (MITC) Summary

Applicable to research services provided by Rahul Ranka, SEBI Registration Number INH000021085. For the complete MITC, please see the dedicated MITC page.

• These terms and the client's consent apply to research services only; the Research Analyst cannot execute or carry out any trade (purchase or sell transaction) on behalf of the client, and clients are advised not to permit the RA to execute any trade on their behalf.
• Fees charged by the RA to the client are subject to the maximum amount prescribed by SEBI or the Research Analyst Administration and Supervisory Body (RAASB) from time to time, applicable only to individual and HUF clients. The current fee limit is ₹1,51,000 per annum per family of client for all research services of the RA. This limit excludes statutory charges and does not apply to non-individual clients or accredited investors.
• The RA may charge fees in advance if agreed by the client, not exceeding the period stipulated by SEBI (presently one year). On premature termination by either party, the client is entitled to a refund of proportionate fees for the unexpired period only.
• Fees may be paid through cheque, online bank transfer, UPI, or other specified modes; cash payment is not allowed. Clients may optionally pay through the Centralized Fee Collection Mechanism (CeFCoM) managed by BSE Limited, the currently recognized RAASB.
• The RA abides by applicable SEBI and RAASB regulations, circulars, and directions relating to disclosure and mitigation of any actual or potential conflict of interest, and will endeavor to promptly inform clients of any such conflict.
• Any assured, guaranteed, or fixed-return schemes are prohibited by law, and no such scheme will be offered to clients.
• The RA cannot guarantee returns, profits, accuracy, or risk-free investments. All opinions, projections, and estimates are based on analysis of available data under certain assumptions as of the date of preparation or publication of the research report.
• Any investment made based on research report recommendations is subject to market risks, with no assurance of returns and no recourse to claim losses. Reliance on a research report is at the client's own judgment and assessment.
• SEBI registration, RAASB enlistment, and NISM certification do not guarantee the RA's performance or assure returns to the client.

Grievance Redressal

For any grievance, clients should first contact Rahul Ranka directly. Issues such as non-receipt or deficiencies in reports can be reported to the designated personnel below.

Complaints will be addressed within 7 business days, or as per SEBI timelines. Unresolved complaints can be escalated to SEBI through:

• SEBI SCORES grievance portal
• SEBI SMART ODR online dispute resolution portal
• SEBI Toll-Free: 1800 22 7575 or 1800 266 7575

For impersonation fraud, report at the National Cyber Crime Reporting Portal, or call the National Cybercrime Helpline at 1930.

Additional Information

Full terms, disclaimers, disclosures, investor charters, MITC, refund policies, and regulatory disclosures are available on the official website.

• Verify registration at SEBI's official portal
• SEBI Investor Charter for Research Analysts circular
• SEBI MITC for Research Analysts circular
• SEBI Guidelines for Research Analysts circular

Registered Address: C-1802, Ekta Meadows, A to G, CHS Ltd, Off W E Highway, Borivali East, Siddharth Nagar, Thakur Village, Mumbai, Maharashtra, 400066.