1.1 Market Depth Technologies LLP offers a proprietary technology platform ("the Market Depth Platform") which comprises the web portal at www.marketdepth.in, and APIs, SDKs, tools, plugins, code, technology, content, and services linked thereto that, inter alia, facilitate through technology the interaction of the users of the Market Depth Platform with SEBI-registered research analysts and SEBI-registered stock brokers.
1.2 Market Depth Technologies LLP is a SEBI Registered Research Analyst having license number INH000013925 whereas Market Depth Wealth & Advisory Private Limited is not a SEBI-registered entity and it does not issue research reports or make recommendations. It is merely a technology company that facilitates coordination between its users and the abovementioned SEBI-registered entities.
1.3 The Market Depth Platform enables its users to subscribe to a series of the research reports issued by associated SEBI-registered research analysts under a particular research model or strategy or style of trading. A user may, if they so elect, act upon the recommendations contained in such research reports through the Market Depth Platform by placing orders for execution of transactions in Securities with their SEBI-registered stock brokers associated with Market Depth Platform.
1.4 These Terms contain the terms and conditions on which Market Depth offers the Market Depth Platform to you as a user of the Market Depth Platform.
2.1 These Terms include by reference Market Depth's entire legal infrastructure (including its Privacy Policy, Cookie Policy and Disclaimers), which are an integral part of these Terms. Market Depth's legal infrastructure that regulates a user's access and use of the Market Depth Platform is available at the URL https://www.marketdepth.in/terms-conditions.
2.2 Market Depth may revise these Terms from time to time, by uploading the updated version of these Terms at the URL https://www.marketdepth.in/terms-conditions and notifying its users of such revision. By continuing to access and/or use the Market Depth Platform, or by availing any of the services offered by Market Depth thereafter, a user will be considered to have accepted the provisions of these updated Terms.
2.3 The use by a user of the Investment Platform may involve services provided by third-party service providers ("Third-party Service Providers"). In respect of such services, the relevant service terms of the respective Third-party Service Providers will apply to such user.
2.4 The use of the Investment Platform may be subject to additional terms which may be associated with certain events (such as promotions) or to certain features (such as features in beta mode). Market Depth will notify these additional terms to the users from time to time and may be applicable to users who opt to participate in such events or to use such features.
3.1 The Market Depth Platform allows users to create a user account. A user may browse the Market Depth Platform over its website without creating a user account. However, some of the features of the Market Depth Platform may be not be available unless accessed through a user account over Market Depth's mobile app. At the time of creating a user account, the user will be required to submit certain information about themselves. Market Depth or Third-party Service Providers may not verify the information so provided; it is the user's responsibility to ensure that all information provided by them is true and accurate. It is recommended that users keep their account information current.
3.2 A user's access of their user account is based on a system of authentication using either a username and password, using an OAuth function, or using a one-time password linked to the user's phone number and/or email address (such authentication system in each case being referred to as "Access Protocol"). A user is solely responsible for ensuring the security and privacy of their Access Protocol. Market Depth will consider all actions conducted under an authenticated user account to have originated from the concerned user. A user must notify Market Depth immediately in writing if they believe that their Access Protocol is compromised, or if any unauthorised access has occurred of or through their user account, or if any other breach of security has occurred with respect to their user account. Notwithstanding such notification, Market Depth will not be liable for any loss that may be incurred by them as a result of an unauthorised access to their user account by reason of compromised Access Protocol.
3.3 Market Depth may use the details provided by a user to send announcements, messages, or other information. Users may elect to opt out of such communication, unless they pertain to delivery of services or associated matters.
3.4 Market Depth may, at its sole discretion, curtail a user's access to the Market Depth Platform without the need to assign a reason if
(a) the user is in breach of any provisions of these Terms.
(b) Market Depth is unable to verify or authenticate any information provided by the user.
(c) Market Depth has reason to believe that the user's actions may infringe on any third-party rights, breach any applicable law, or violate any order of a court or an executive authority, or are otherwise detrimental to its goodwill or may adversely affect the conduct of its business. If a user's access has been curtailed, withheld, suspended, or terminated, then such user shall not attempt to re-register themselves on the Market Depth Platform or to use the Market Depth Platform in any manner whatsoever.
3.5 Market Depth reserves the right, at its sole discretion, to withhold, to suspend or to terminate a user's access to the Market Depth Platform without prior notice for any reasonable cause which may include routine maintenance activity and the findings of a fraud detection audit activity or violation of its community guidelines.
3.6 The remedies available to Market Depth hereunder are without prejudice to its entitlements under the law, including the right to recover any amount due to be paid by a user and to pursue such legal action as may be deemed necessary by Market Depth.
3.7 User Consent for Communication: By registering on the Market Depth Platform and submitting your contact information (such as phone number and/or email), you explicitly consent to receive important service-related notifications, account alerts, and promotional messages via SMS, Rich Communication Services (RCS), WhatsApp, email, phone calls, and other permitted communication channels. Some of these communications may be initiated using an auto-dialer system or include pre-recorded messages. You acknowledge that such communication is essential for account operation, service updates, and offers that may be relevant to your use of the platform. You may opt out of promotional messages at any time by using the opt-out mechanisms provided in those messages. However, transactional or critical service communications may continue as necessary.
4.1 A user may read the open content published on the Market Depth Platform and review the various products and services offered by or over the Market Depth Platform without any obligation.
4.2 A user may use the Market Depth Platform for the following purposes.
(a) To subscribe to the services of associated SEBI-Registered research analysts over the Market Depth Platform. The scope and the commercial terms associated with such subscriptions shall be as per the Terms of Service offered by the concerned Research Analyst which may include Market Depth Technologies LLP as well which is a SEBI Registered Research Analyst having license number INH000013925.
(b) To receive recommendations and research reports issued by the research analysts as per the terms of the services subscribed to by them. Users will be notified about the issue of a recommendation and about the publication of the corresponding research report through one or more of email, SMS message, WhatsApp message, or a notification over Market Depth's mobile app.
(c) To prompt the user to take action regarding a recommendation made under one or more research model or strategy or style of trading offered by research analyst, if the user so desires. Such prompt shall be enabled by the user by way of receiving a system notification generated by the Market Depth mobile app. It is clarified that such prompt is not a recommendation made by Market Depth Platform and is merely facilitation of communication between you and the SEBI-registered research analyst.
(d) To execute the recommendations contained in the research report. Market Depth will facilitate the placement of trading orders by a user with their associated stock broker through APIs provided by the stock broker. This facility will not be available in case where the user's stock broker is not associated with the Market Depth Platform or where the user's stock broker has not provided such APIs. It is hereby clarified that you will be able to transact in Securities only through your stock broker. You will be required to maintain adequate balance with your stock broker to execute a trade. Market Depth Platform is not a trading terminal, all the execution of the trade in stocks and securities is performed by stock brokers on their online trading platform. In order to transact in stocks and securities, you may be required to open a trading and/or a demat account with the concerned stock broker if you do not have such an account.
4.3 Some of the functions of the Market Depth Platform, by their very nature, are available exclusively over Market Depth's mobile app and require an internet connection to operate fully. For example, the generation of notifications depends on the system settings of the mobile device on which the Market Depth app is installed, and requires such device to be connected to the internet. Users must download the Market Depth mobile app to access the Market Depth Platform and should ensure that the concerned device has a stable access to internet for the functionalities to perform as intended.
4.4 While transacting in a Security or combination of Securities recommended by a SEBI-registered intermediary under a concerned research model or strategy or style of trading, you may be recommended to take certain action within a specified time or a price range, as the case may be. We are not responsible in case you fail to action the recommendations made in the research report in a timely manner. You are advised to read the research report and the recommendations made therein carefully before making any transaction in a Security or combination of Securities.
4.5 Market Depth Platform allows you to access an investment calculator which is an online tool that can help to calculate your investments while participating in a particular research model or strategy offered by the SEBI-registered research analyst. You may accept or fill-in an amount that you wish to invest in the research model offered by the SEBI-registered research analyst. You may note that the default amount flashed on the screen is merely an indicative number and is not recommendation made by the SEBI-registered research analyst and/or the Market Depth Platform. You are not required to make an actual investment for using the investment calculator. All transactions in Securities can be made only through your stock broker. You may please note that the performance of any investment strategy or securities are subject to market risk. Investments in the securities market are subject to market risks and you should read all the related documents carefully and make an independent evaluation before investing and past performance is not indicative of future performance.
4.6 Please note that Market Depth Technologies LLP or its research analysts or associates will never guarantee returns or any assurance of guaranteed profit. Investments in securities are subject to market risk, and the user shall be responsible for any gain or loss arising from investments in securities. Past performance is not indicative of future performance. Registration granted by SEBI and certification from NISM in no way guarantees performance of the intermediary or provides any assurance of returns to investors.
5.1 Market Depth may charge the user a platform subscription fee ("Platform Fee") for the use by the user of the Market Depth Platform as listed in section 4.2 above. The Platform Fee will be applicable in respect of a subscription to one or more research models or strategies offered by research analysts and will be displayed at the time of subscription to such services. The Platform Fee will be charged for the period of the concerned subscription fully in advance as a flat-fee.
5.2 Research analysts registered on the Market Depth Platform may offer remissions on their fees in case of bundled subscriptions i.e., subscription to more than one particular research model or strategies under a particular subscription plan. The subscription fee payable in respect of such combination shall be displayed along with the Platform Fee to the user at the time of subscription to such bundled subscription. Subscription fee paid by you for a particular subscription plan is appropriated amongst the research analysts based on the research models or strategies offered by them under the particular subscription plan.
5.3 All fees are non-refundable and non-transferable, regardless of the circumstances in which a user may claim for a refund or transfer of credit of fees. All purchases made are full and final, and it shall not be refunded in any case.
5.4 In addition to the Platform Fees and subscription fees of a research analyst, the user may incur charges that are conventional in trading of Securities, such as brokerage, demat account fees, depository fees, securities transaction tax, etc., which are to be borne exclusively by the user in the course of their trading over the Market Depth Platform.
6.1 Any personal information or details belonging to a user that are provided by the user while availing or accessing the Market Depth Platform, belong solely to the concerned user.
6.2 In consideration of a user's acceptance and continuing compliance with the provisions of these Terms, Market Depth grants the user a restricted, revocable, non-exclusive, non-transferable license ("License") to access and use the Market Depth Platform. The License is revocable at-will, without issue of prior notice.
6.3 Market Depth (and its licensors, where applicable) own all right, title and interest, including all related intellectual property rights, in and to the content featured on the Market Depth Platform, the service rendered thereby. Market Depth exclusively owns all intellectual property rights in all suggestions, ideas, enhancement requests, feedback, recommendations or other information provided by a user or any other party to Market Depth. A user shall not create, prepare, distribute, exchange, copy, adapt, modify, sell, transmit, publicly display, publicly perform, broadcast any work which is a derivative of or which is based upon such intellectual property, doing so would levy a fine of Rs 5 Crores or the damage caused by such distribution, whichever is higher.
6.4 These Terms do not convey to a user any rights of ownership in or related to the Market Depth Platform or the intellectual property rights owned by Market Depth or by its licensors. The Market Depth name, the Market Depth logo, and the names associated with the Market Depth Platform are trademarks of Market Depth and other third parties, and no right of any nature therein is granted to a user.
6.5 The License granted by Market Depth to user to access and use the Market Depth Platform may be automatically revoked without any forenotice in case of the user attempts, indulges in, or encourages any of the following.
(a) a breach of any provisions of these Terms.
(b) a violation of any law or regulation or any order of a court or an executive authority that disallows or otherwise restricts the user from conducting transactions in Securities or in the capital markets.
(c) use of manual or automated software, devices, scripts robots, other means or processes to access, "scrape," "crawl" or "spider" any web pages or other assets of or related to the Market Depth Platform.
(d) use of the Market Depth Platform for any purpose that is not expressly permitted by these Terms.
(e) copying, storage or otherwise accessing of any information contained on or related to the Market Depth Platform for purposes not expressly permitted by these Terms.
(f) infringement of the rights of any person or entity, including without limitation, intellectual property rights, privacy rights, publicity rights or contractual rights.
(g) interference with the working of the Market Depth Platform, including, without limitation, through the use of viruses, cancel bots, trojans, harmful code, flood pings, denial-of-service attacks, packet or IP spoofing, forged routing or electronic mail address information or similar methods or technology.
(h) use of the Market Depth Platform to transmit, distribute, post or submit any information that may be immoral, illegal or otherwise undesirable.
(i) immoral, illegal or otherwise undesirable conduct in respect of the Market Depth Platform any person or entity associated therewith.
(j) registration for more than one user account or registration of a user account on behalf of another person without express permission of such other person.
(k) a probe, scan or test of vulnerability of the Market Depth Platform.
(l) a breach or bypass of any security or authentication measures.
(m) an action to decipher, decompile, disassemble or reverse engineer any of the software used in the Market Depth Platform, or to provide the services, products or content. This right of Market Depth is without prejudice to its other rights under the applicable law.
7.1 By accepting the provision of these Terms, the user represents to Market Depth that
(a) they are a person 'competent to contract' under the Indian Contract Act, 1872 and are not disqualified from accessing and using the Market Depth Platform as is generally expected by either operation of law (including by reason of their domicile or citizenship), by the order of a court or any statutory authority, or by provisions of any contract by which they are bound.
(b) they are not disqualified from transacting in Securities in the Indian capital markets.
(c) they have reviewed all the legal documents available at the URL https://www.marketdepth.in/terms-conditions and have satisfied themselves about their ability and willingness to comply with the provisions of these documents.
(d) they will not knowingly breach any of the aforementioned representations, and they will promptly cease their use of the Market Depth Platform if their position concerning any of the aforementioned representations changes in any manner.
7.2 Market Depth reserves the right to take suitable action without forenotice, which may include suspension or revocation of the user's account access and rights, in case any of these representation or warranties are found to be false or incorrect at any time.
8.1 Other than as expressly set out in these Terms, Market Depth and Third-party Service Providers make no specific promises, extend no assurances, and provide no guarantees about the services provided or about the outcome of such services.
8.2 Investments in Securities are subject to various risks, including market-related risks. Users must read and understand all investment-related documents carefully before making a decision to invest. Market Depth advises its users to obtain expert professional advice with regard to specific legal, tax and financial implications of any potential investment decision before investing.
8.3 Market Depth provides no guarantee to users of, and does not assure users of, any fixed return, or a return on investment at all or even a return of their principal investment.
8.4 The user acknowledges and agrees that the Market Depth Platform is provided on an "as-is," and "as-available" basis, without warranty of any kind, either express or implied, to the maximum extent permitted by applicable laws. Except as expressly set out in these Terms, Market Depth expressly disclaims any and all promises, representations and warranties, whether express or implied, including, but not limited to, any implied warranties of merchantability, fitness for a particular purpose, quiet enjoyment, system integration and/or data accuracy in connection with use of the Market Depth Platform. Market Depth does not warrant that the Market Depth Platform, any application service or any other services provided by Market Depth will meet the user's requirements or that the operation of the Market Depth Platform, any application service or any other services will be uninterrupted or error-free, or that all errors will be corrected. Market Depth makes no warranty regarding the quality of the Market Depth Platform and the associated services, or a user's ability to use the Market Depth Platform, or the timeliness, truthfulness, completeness or reliability of any information obtained through the Market Depth Platform.
8.5 Information is provided over the Market Depth Platform on a best-effort basis and should not be regarded as be verified by Market Depth for accuracy or completeness.
8.6 A user is solely responsible for all of their communications and interactions through the Market Depth Platform with a third-party, including, without limitation, research analysts and stock brokers. Market Depth makes no representations or warranties as the conduct or quality of services of such third-parties.
9.1 Notwithstanding anything to the contrary contained elsewhere, the total liability of Market Depth to a user for all claims arising from or relating to these Terms, including, without limitation, any claim for indemnification or any cause of action arising in contract, tort, or strict liability, will not exceed Rs. 1,000/- (Rupees One Thousand only). The user agrees that given the nature of services to be provided by Market Depth being merely those of a technology platform, this limitation of liability is fair, equitable and reasonable. The user acknowledges that their acceptance of this limitation of liability is the basis of the legally binding agreement constituted hereby and that absent such acceptance, this agreement would not have been consented to by Market Depth.
9.2 To the maximum extent permitted by law, the entire risks, damages and losses accruing to a user out of their use of the Market Depth Platform remains with the user, irrespective of the cause of such risk, damage or loss. Market Depth or its employees, representatives, agents, contractors, and licensors involved in creating or operating the Market Depth Platform are not liable for any losses, regardless of
(a) the basis of such losses including delay or non-performance by Market Depth or Third-party Service Providers, server error, service interruption, system failure, etc. and
(b) the nature of such losses such as lost profits, loss of data, loss of goodwill, computer damage, or the cost of substitute products or services, or personal or bodily injury or emotional distress arising out of or in connection with the user's use of the Market Depth Platform, etc., whether the claim for such losses is based on warranty, contract, law, tort (including negligence), product, content or service liability and irrespective of whether or not Market Depth has been informed of the possibility of such damage, even if a limited remedy set forth herein is found to have failed its essential purpose.
9.3 Notwithstanding any provision to the contrary, in respect of any loss or claims arising due to any deficiency or delay in rendering of the services related to the Market Depth Platform, the user's exclusive remedy and the entire liability of Market Depth shall be the correction of such deficiency or delay on a going forward basis.
9.4 In no event shall Market Depth or Third-Party Service Providers be liable to a user or to a third-party in respect of any matter arising from or incidental to the use of the Market Depth Platform for special, indirect, incidental or consequential damages.
9.5 Notwithstanding any provision to the contrary, in respect of any loss or claims arising due to any deficiency or delay in rendering of the services. The disclaimers, exclusions and limitations of liability set forth in herein form an essential basis of the contract between the user and Market Depth. Market Depth places reliance on the user's acceptance of these Terms (including disclaimers, exclusions and limitations of liability) to agree to the provisions of these Terms, and that absent such disclaimers, exclusions and limitations of liability, the agreement constituted hereby would not have been consented to by Market Depth.
10.1 The user agrees to release, defend, indemnify, and hold Market Depth and its affiliates and subsidiaries, officers, directors, employees, contractors, sub-contractors and agents, harmless from and against any claims including third-party claims, liabilities, damages, losses, and expenses, including, without limitation, legal fees, arising out of or in any way connected with the breach of any provision of these Terms by the user.
10.2 Market Depth acknowledges and agrees to defend, indemnify, and hold the user harmless from and against any third-party claims arising out of infringement of any third-party intellectual properties in respect of the Market Depth Platform ("Infringement Claims") if the user provides Market Depth with prior written notice of such third-party claims and gives Market Depth the control to defend and settle any claim as per its exclusive discretion. In such a case, Market Depth shall arrange for legal representative to defend the user and will hold the user harmless against any cost levied upon the user by the applicable judicial forum.
11.1 If Market Depth cannot perform its obligations hereunder due to an act of God such as a pandemic, an epidemic, government decisions, labour unrest, insolvency, business exigencies, operational and technical issues, international events, change in climate, change in laws, terrorist activity, refusal or delay in performance by Third-party Service Providers, technological issues, server failures, or any other reason beyond the control of Market Depth, then Market Depth will be excused from such performance to the extent of such prevention, restriction or interference for the period that it persists.
11.2 A user will not directly or indirectly, disparage or denigrate or encourage others to disparage or denigrate Market Depth or the Market Depth Platform. A user shall not do any act which would adversely affect Market Depth, the conduct of its business, or its business reputation. For purposes of this provision, the term "disparage" includes without limitation
(a) any comments or statements or inputs orally or in writing made in any matter or medium in the press or the media whether digital or otherwise or any other social networking sites.
(b) any publications, post, or otherwise release of any material in written, oral or electronic format.
(c) any speeches, interviews, or public statements that mentions Market Depth, its operations, clients, employees, products, or services.
11.3 A user will not, directly or indirectly solicit, encourage, facilitate, hire, engage, employ, coerce or induce any third party (including its employees) to curtail their business relationship with Market Depth. This restriction excludes recruitments conducted pursuant to a non-targeted, general campaign.
11.4 Nothing contained in these Terms constitute a relationship akin to a partnership or joint venture between Market Depth and a user or constitute one of them to be a representative or an agent of the other.
11.5 No third-party shall be entitled to make a claim under these Terms against Market Depth.
11.6 If a court finds any provision of these Terms, or portion thereof to be unenforceable, then
(a) the remainder of these Terms shall continue in full force and effect, and
(b) the impugned provision will be modified to the least extent possible so as to render it enforceable. The invalidity or unenforceability of any provisions of these Terms in any jurisdiction shall not affect the validity, legality or enforceability of these Terms in any other jurisdiction.
11.7 All disputes arising out of or in connection with these Terms shall be resolved by arbitration as per the Indian Arbitration and Conciliation Act, 1996 (as amended). The arbitration shall be conducted in Jodhpur by a sole arbitrator jointly appointed by the concerned user(s) and Market Depth. If these parties are unable to decide on an arbitrator within thirty (30) days, then any of them may apply to the Hon'ble Rajasthan High Court under section 11 of the Arbitration and Conciliation Act, 1996 for such appointment. The arbitration shall be conducted in the English language. The arbitral award shall be final and binding upon Market Depth and the concerned user(s).
11.8 These Terms are subject to the exclusive jurisdiction of the tribunals and courts in Jodhpur, Rajasthan.
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. The RA confirms that the research services shall be rendered in accordance with the applicable provisions of the RA Regulations.
2. Obligation on Research Analyst: RA and the 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/or check KYC records with the KYC Registration Agency (KRA) as specified by SEBI from time to time.
4. 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"
Declarations from Market Depth Technologies LLP (Parang Mehta)
i. We are duly registered with SEBI as Research Analyst under Registration No. INH000013925 on 04 December 2023 and BSE Enlistment No. 5940 and compliant with the SEBI (Research Analyst) Regulations, 2014.
ii. Currently we have valid SEBI registration and have required qualification to render services contemplated under RA regulations.
iii. We have no material adverse disciplinary history or any conflicts of interest that compromise the integrity of its recommendations.
iv. The maximum fee charged by the Research Analyst shall not exceed ₹1.51 lakhs per annum per family of clients.
v. The recommendations provided by us do not provide any assurance of returns.
vi. We have other business verticals which includes courses, software and brokerage commission fees which are segregated as separate business divisions with appropriate client level segregations in place.
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 modes communicated by the Research Analyst (including but not limited to payment gateways or processors like Instamojo, Cashfree, Razorpay, Stripe, Jodo, NEFT, IMPS, Centralised Fee Collection Mechanism for RA, Cheque, etc.). We may collect 12 months advance payment based on mutual agreement.
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 performance of the intermediary or provide any assurance of returns to clients.
7. Conflict of Interest: The Research Analyst adheres to SEBI's guidelines on the disclosure and mitigation of actual or potential conflicts of interest. Full disclosures are provided in each research report.
8. Termination of service and refund of fees: 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, the Research analyst shall refund the residual amount to the client. 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.
9. Grievance redressal and dispute resolution: For any support-related grievances, including issues related to non-receipt of reports or deficiencies in service, clients must email their concerns to help@marketdepth.in. If unresolved, grievances must be escalated to the designated grievance officer. All grievances will be addressed within 7 (seven) business days or as per latest SEBI RA Regulations. For grievances and dispute resolution, please contact: Email of compliance and grievance officer parang@marketdepth.in. For more details regarding grievance-related matters, please refer to the grievance redressal section of our website: https://www.marketdepth.in/
10. 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.
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. Most Important Terms and Conditions (MITC): The terms and conditions and the consent thereon are for the research services provided by the RA and RA cannot execute or carry out any trade (purchase/sell transaction) on behalf of the client. Thus, you are advised not to permit the Research Analyst to execute any trade on your behalf.
To review the details of Most Important Terms and Conditions (MITC), please refer to the MITC section of our website: https://marketdepth.in/terms_nd_conditions.html/
We will revise MITC based on changes standardised by Industry Standards Forum (ISF) in consultation with SEBI and RAASB. This is will be updated on our website.
13. Optional Centralised Fee Collection Mechanism: Market Depth Technologies LLP is in compliance with SEBI guidelines, informs clients about the availability of an optional Centralised 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. Kindly contact the research analyst on 08065919278 to make the payment via CeFCoM.
14. Use of Artificial Intelligence: We may infrequently 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. Neither any research service will be rendered nor any fee will be charged until consent is received from client on these terms and conditions.
Version: 1.2 | Last updated: 29 April 2025
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