Terms and Conditions

IBG FINCON SOLUTIONS PVT LTD.

Terms & Conditions for Business Financial Planning Account Products

  1. Definitions & Applicability of terms

By signing the FAOF(Financial account opening form), customer hereby agrees to be governed by Terms & Conditions as mentioned below and amendments made from time to time and communicated through various means available to the company.

  • Account Opening form (AOF) – refers to the relationship opening form for Financial Planning Account in IBG Fincon Solutions Pvt. Ltd.

 

  • Customer – Refers to any person/entity (Individual/artificial person as per as per income tax act) holding an Financial Account with IBG Fincon Solutions Pvt Ltd

 

  • Quarter- Refers to the 4 financial quarters divided in one financial year i.e. month from April-may-June, July-Aug-Sep, Oct-Nov-Dec, Jan-Feb-Mar.

 

  • Half year-Refers to Part of Financial year includes the month of Apr to Sept (First half) and Oct to Mar (Second Half).

 

  • Services- Refers to all the product and services provided by IBG FINCON to its Financial Planning Account holding customers.

 

  • FPA-Refers to ‘Financial Planning Account’

 

  • HUF-Refers to ‘Hindu Undivided Family’

 

  • KYC-Refers to ‘Know Your Customer’

 

The Terms and Conditions is the forming part of the contract between the customer and IBG FINCON, and are subject to change from time to time as per the management of the company, laws of the statutory/regulatory bodies under the jurisdiction of Republic of India or any other rules and regulations may come into force and binding on both the parties..

Following are the applicable terms and conditions, detail description of all products and services specifically provided to  Financial Planning Account holders only.

 

  1. Financial Planning Account Opening

Opening of FPA – Individuals/all other artificial persons

First feature to open Financial Planning Accounts to avail services like Bookkeeping and Account Writing, Tax Planning, Capital Management, Investment Planning and Business Advisory etc. all the services depend on requirement and type of account opened by the customer and not simply available to all only because mentioned in agreement.

IBG FINCON Solutions Pvt. Ltd. provides its services to below mentioned classes of individuals and artificial entities.

  • Individual
  • Professionals
  • Proprietors
  • Self Employed Individuals
  • Partners / Partnership Firms
  • Directors
  • Private Limited Companies involved in various Business activities
  • Trust and Societies
  • Hindu Undivided Family
  • Any other association of persons or a body of individuals, whether incorporated or not,
  • A local authority, and
  • Every artificial juridical person, not falling within any of the preceding sub-clauses.

 

  1. Documentation Requirements/Liasining

In addition to the base services mentioned in clause 2 IBG provides liasoning, various govt registrations services only to its Customers opted services mentioned in clause 2 for that customer need to provide all required information and documents as per requirement, along with the copy of accepted Terms & Conditions indicated in additional internal documents attached with application form of AOF.

These are additional service given by IBG and Account Holder needs to make initial payment amount depend and as applicable for the service taken by him through NEFT/RTGS?, cheuqe or Demand Draft (in the name of entity) as initial Payment of Fees (Advance Fees)

The mere acceptance of application form of AOF / initial payment does not construe the opening of account with IBG and IBG FINCON reserves the right  to accept/reject an account depend on documents and information provided founds not satisfactory, or  failure in providing  any credentials at the time of verification by the customer.

Customer should note that the welcome letter having account number and customer ID in it will only be send to customer’s corresponding address that has been duly verified as a part of KYC norms and registered with IBG FINCON. Dispatches are made through authorized courier. If customer does not receive the welcome letter within specific duration, the same needs to be reported at the branch so that re-dispatch will be initiated.

  1. Charges and Fees

 

Charges in connection with the various facilities such as Bookkeeping and Accounts Writing, Tax Planning, Capital Management, Investment Planning and Business Advisory will be levied as detailed in the schedule of charges annexed along with the form of AOF. This are one time service charge and are Non Refundable at any cost and levied as per Financial Planning Account variant opted by customer. Any delay or Nonpayment of the committed charges as per variant / company / firm turnover would entail additional charges as per the schedule of charges.

The customer agrees and confirms that in the event any of services in connection with the Financial Planning Account are or become liable to tax under the applicable laws and regulations, the Customer shall bear all the taxes or duties in connection with such services.

IBG FIncon holds all the rights to change fees and charges from time to time and will be binding on the Account holder.

  1. Grouping of Accounts

 

As per company’s internal policies, IBG FINCON makes best efforts to identify an individual / entity through a single identification number. Customers should note that all the Financial Planning Accounts of customer within the IBG FINCON will be linked and will have privileged services.

 

  1. Statement of Accounts

 

IBG FINCON provides statement for Financial Planning Account through email or physical statements will be sent to account holders mailing address as  provided  IBG record while email statements are sent to customer’s registered Email ID.

For email statements, customers are liable to verify the authentication of any emails received and the IBG will not be liable for any issues/loss arising out of any fraudulent email received by the customer. Email statements are sent to the registered email only, as specified by the customer from time to time.

 

Customer should intimate IBG in case statement is not received on time. IBG may issue a duplicate statement at free of cost.

 

  1. Holding of accounts

Financial Planning Account depends on the operating mandate as defined in the AOF.

FPA in the name of an individual can be operated only by the individual himself or by the POA (Power of Attorney) of such individual.

Joint accounts can be operated singly by any one or jointly by two or more or all of the FPA Holders together depending on the operating instructions given by all the account holders. Any change in the operating instruction though will require the authorization of all the account holders irrespective of the operating instruction.

FPA in the name of partnership firms, private limited and public limited companies, clubs & societies, trust etc shall be operated by authorised individuals of the respective entities, as specified in the AOF/ resolution submitted at the time of opening account or as amended from time to time. Amendments made should be supported with due credentials and to the satisfaction of IBG.

IBG as per its KYC requirement may ask customer to furnish some additional documents or may request for reverification of KYC. Customer will need to comply with such request, IBG will not be liable for any material/ non material inconvenience that may caused to the customer due to the customer non compliance to such request.

IBG may time to time send deliverables (account reports, important notification and other relevant items at the customer’s mailing address as maintained in IBG’s rescored. Hence customer needs to promptly notify us any change in mailing address. IBG will not be liable for any loss/damage/inconvenience that may cause to the customer due to loss/damage/failure/wrong delivery of such items due to non intimation of change in mailing address by the customer.

The customer will also need to maintain required balance before giving us a confirmation on payment of their service charges. Any failure, or bounce cheque will be tends to penalty on the part of customer. Customer will have to pay the penalty charges for this.

 

  1. Standing Instructions

With the conclusion of the Agreement, the Customer/account holder shall give the Bank the order to effect, during the term of the Agreement, payments to the IBG FIncon at the dates established by the Customer (hereinafter the Payment Date). With the conclusion of the Agreement, any payments effected on the basis of the Standing Order shall be considered as authorised in the meaning of the Law of Obligations Act.

 

 

  1. Extended Business Hours

 

IBG FINCON Branches remain closed on sunday and for the days specified in the holiday list or on  declared  govt holiday.

For customers benefit and easy reach IBG has initiated extended working hours in certain branches. During this extended hours, all customers can avail the financial services. IBG reserve right to discontinue extended service hours facility in certain branches without prior notice.

 

  1. Mobile Alerts

All customers having their mobile numbers registered with the IBG are entitled for receiving mobile alerts for various types of services. This alerts typically provided for monthly/quarterly/yearly reports, renewal of their policies (if any), and alerts regarding payment of service charges (Financial Planning fees) Customer will send alerts on a frequent basis for any financial events initiated by IBG

We will also send occasional best wishes message on birthdays, anniversaries.

However, IBG will not be liable for any information reaching customer after delay / nor receipt of information.

 

  1. Data Collection Facility

IBG offers data (documents or information provided to IBG for further working ) collection facility to its customers. All the data which is required for Bookkeeping and accounts writing, tax planning, Capital Management, Investment Advisory and Business Advisory process will be collected by our DCID (Document Collector and Informing Data/ Data Collection Executive).Our customers are privileged by this facility as they don’t have to rush to their concern branch now and then. Our DCID person will visit to registered address of the customer and will collect all the necessary documents. (Frequency decided by the company and mostly it depend on the type of account held by the account holder.)

  1. Door Step Services

IBG has extended some of its selected product and services to customer’s “Doorstep” through independent relationship officers appointed by IBG. This facility is provided only to Financial Planning Account holders registered address available within the city or branch limits of the area availed by the account holder this service may includes:

 

  • Document Collection
  • Reports delivering
  • Service charges collection
  1. Dormant Account

 

IBG may turn an account as dormant account where: Customer not induced to receive the services for more than 4 months.

  1. Nomination

Nomination facility is available for accounts operated by individual including Sole Proprietorship account. Nomination cannot be obtained for accounts held in representative capacity as the holder of any office.

Customer is advised to provide nomination details while opening of an account. Where customer does not wish to provide any nomination details, the same should be noted exclusively in the AOF and countersigned by the customer.

Customer can include nomination or can change/ modify existing nomination details in the account during his/her lifetime. In case of jointly operated accounts, authorization from all the account holders is necessary for any alternation to nomination details. A witness is required when making nomination or modifying / changing nomination details and the witness signature is mandatory in the nomination form.

Customer should ensure that he received the acknowledgement for all such Financial Planning services for new nomination or change / modification to exiting nominee details.

Nominee has the right to receive the applicable product and services from IBG only on the death of the account holder in sole individual account or all account holders in case of joint account.

  1. Special Accounts : IBG authorize to provide such special account approval to specific class or group of individual/artificial person. Account holder has no right to decide where he wants to apply special account may convert into normal account will be at the sole discretion of IBG Fincon.
  2. Closure Of Account

IBG reserves the right to close or freeze the account, after due notice to the Customer for reasons which may include, but not limited to, the following;

  • In case any of the documents furnished towards Identity and address proof are found to be fake / forged / defective
  • The account opening cheque (Advance Fees) is returned unpaid for financial reasons.
  • The account not operated for long time can be leads to close down.

 

  1. Change of Terms

Terms & Conditions are liable to change at any time without prior intimation to account holder and at the sole discretion of management of IBG or due to change in any rules/ regulations from GOI.IBG may change the Terms & Conditions from time to time at its own absolute discretion. Changes can be addition of new Terms & Conditions, deletion of existing terms & Conditions, modification to an existing term & conditions. IBG may communicate the changes either by hosting on its website, or through any other available mode of communication and will be binding on the account holders.

Non Transferability

The account and the services provided by IBG to its customers are non transferable under any circumstance and shall be used by the customer only. The IBG though reserves the right to transfer, assign, or sale it rights: benefits or obligations to any other person and these Terms & Conditions will continue to hold for the benefit of the successors and assign of IBG.

  1. Notice

Notice in respect of the Account, the services and facilities in connection with the Financial Planning Account may given by IBG either through e-mail at customers’ registered e-mail address or posting a letter to the Customer’ registered mailing address. IBG may also give any notice by posting the notice on the Website or by displaying at the branches and the same will be deemed to have been received by the Customer.

  1. Waiver

IBG FINCON levies charges to the account only as per the schedule of charges communicated to customer well in advance.  These charges cannot be waived under any circumstances.

  1. Indemnity

The Customer shall indemnify IBG from any loss that may occur arising from misuse of account or services.

IBG FINCON shall not be liable to the customer for any damages in connection with the account or the services or any failure to perform any obligation contained in these Terms or for any loss or damage whatsoever suffered or incurred by the customer.

The Customer shall solely be responsible for ensuring full compliance with all the applicable laws and regulations in any relevant jurisdiction in connection with establishment of his / her account with IBG and shall indemnify and keep indemnified IBG from all actions, proceedings claims, losses, damages, costs and expenses which may be incurred by IBG in connection with any failure to comply with any such applicable laws and regulations.

 

  1. No Encumbrance

Both the  Parties shall not, either directly or indirectly, create, assume, incur or suffer or permit to exist any Lien or charge of any kind or character upon any asset of the Credit Parties; whether owned at the Closing Date or hereafter acquired, except Permitted Liens or as otherwise authorized by parties in writing.

Customer will need to ensure that no encumbrance / third party interest is created/ permitted over the account held with IBG FINCON without explicit written agreement with the IBG.

  1. Governing Law & Legal Jurisdiction

This terms and conditions will be governed, construed, and enforced according to the laws of India. Each party hereby irrevocably consents to the [exclusive, non-exclusive] jurisdiction and venue of any court located in PUNE (MAHARASHTRA)] in connection with any matter arising out of this agreement or the transactions contemplated under this agreement.

  1. Sharing of Information/Disclosures

Both the parties shall maintain utmost secrecy with regard to confidential and proprietary information relating to the Company. This information includes and is not limited to trade secrets, technical processes, finances, dealings with information relating to suppliers, employees, agents, distributors and customers.

Both the parties shall not, without written consent of the management, during your employment and at all times thereafter directly or indirectly use or disclose   confidential information except for under legal obligation or for the sole benefit of the Company. You will take all appropriate measures necessary to keep trade secrets and confidential information from being disclosed to or received by third parties. Such trade secrets, proprietary technical data and specification etc at all times remain the property of Company.

Both the parties shall not take copies of confidential documents or information for      your own purposes and forthwith upon termination, you shall return to the Company       all documents records, and accounts in any from (including electronic, mechanical, photographic, and optic recording) relating to matters concerning the business or   dealings or affairs of the Company. You shall not during your employment and at all       times thereafter do or say anything that may injure or directly damage the business of    the Company.

  1. Termination of contract by either party: IBG can terminate this agreement at any time by giving valid reason for such termination. Account holder may terminate this agreement as per the manner specified by IBG.

 

  1. Responsibility to answer on notices by govt authorities for the reports or consultation given by IBG

 

  1. Account holder record maintenance period: IBG will maintain records as per the law’s requirement in applicable areas.
  2. Force Majeure Either Party shall be excused from performance and shall not be in default in respect of any obligation hereunder to the extent that the failure to perform such obligation is due to a Natural Force Majeure Event.

 

  1. LINKS FROM THE WEBSITE If the Website contains links to other sites and resources provided by third parties, these links are provided for your convenience only. We have no control over the contents of those sites or resources, and accept no responsibility for them or for any loss or damage that may arise from your use of them. If you decide to access any third-party websites linked to the Website, you do so entirely at your own risk and subject to the terms and conditions of use for such third-party websites.
  2. Remedy: IBG is free to take ask for remedy under any applicable laws for violation of all or any terms and conditions by account holder/prospect client or any visitor.

 

 

IBG FINCON SOLUTIONS PVT LTD.

Terms & Conditions for Business Financial Planning Account Products

  1. Definitions & Applicability of terms

By signing the FAOF(Financial account opening form), customer hereby agrees to be governed by Terms & Conditions as mentioned below and amendments made from time to time and communicated through various means available to the company.

  • Account Opening form (AOF) – refers to the relationship opening form for Financial Planning Account in IBG Fincon Solutions Pvt. Ltd.

 

  • Customer – Refers to any person/entity (Individual/artificial person as per as per income tax act) holding an Financial Account with IBG Fincon Solutions Pvt Ltd

 

  • Quarter- Refers to the 4 financial quarters divided in one financial year i.e. month from April-may-June, July-Aug-Sep, Oct-Nov-Dec, Jan-Feb-Mar.

 

  • Half year-Refers to Part of Financial year includes the month of Apr to Sept (First half) and Oct to Mar (Second Half).

 

  • Services- Refers to all the product and services provided by IBG FINCON to its Financial Planning Account holding customers.

 

  • FPA-Refers to ‘Financial Planning Account’

 

  • HUF-Refers to ‘Hindu Undivided Family’

 

  • KYC-Refers to ‘Know Your Customer’

 

The Terms and Conditions is the forming part of the contract between the customer and IBG FINCON, and are subject to change from time to time as per the management of the company, laws of the statutory/regulatory bodies under the jurisdiction of Republic of India or any other rules and regulations may come into force and binding on both the parties..

Following are the applicable terms and conditions, detail description of all products and services specifically provided to  Financial Planning Account holders only.

 

  1. Financial Planning Account Opening

Opening of FPA – Individuals/all other artificial persons

First feature to open Financial Planning Accounts to avail services like Bookkeeping and Account Writing, Tax Planning, Capital Management, Investment Planning and Business Advisory etc. all the services depend on requirement and type of account opened by the customer and not simply available to all only because mentioned in agreement.

IBG FINCON Solutions Pvt. Ltd. provides its services to below mentioned classes of individuals and artificial entities.

  • Individual
  • Professionals
  • Proprietors
  • Self Employed Individuals
  • Partners / Partnership Firms
  • Directors
  • Private Limited Companies involved in various Business activities
  • Trust and Societies
  • Hindu Undivided Family
  • Any other association of persons or a body of individuals, whether incorporated or not,
  • A local authority, and
  • Every artificial juridical person, not falling within any of the preceding sub-clauses.

 

  1. Documentation Requirements/Liasining

In addition to the base services mentioned in clause 2 IBG provides liasoning, various govt registrations services only to its Customers opted services mentioned in clause 2 for that customer need to provide all required information and documents as per requirement, along with the copy of accepted Terms & Conditions indicated in additional internal documents attached with application form of AOF.

These are additional service given by IBG and Account Holder needs to make initial payment amount depend and as applicable for the service taken by him through NEFT/RTGS?, cheuqe or Demand Draft (in the name of entity) as initial Payment of Fees (Advance Fees)

The mere acceptance of application form of AOF / initial payment does not construe the opening of account with IBG and IBG FINCON reserves the right  to accept/reject an account depend on documents and information provided founds not satisfactory, or  failure in providing  any credentials at the time of verification by the customer.

Customer should note that the welcome letter having account number and customer ID in it will only be send to customer’s corresponding address that has been duly verified as a part of KYC norms and registered with IBG FINCON. Dispatches are made through authorized courier. If customer does not receive the welcome letter within specific duration, the same needs to be reported at the branch so that re-dispatch will be initiated.

  1. Charges and Fees

 

Charges in connection with the various facilities such as Bookkeeping and Accounts Writing, Tax Planning, Capital Management, Investment Planning and Business Advisory will be levied as detailed in the schedule of charges annexed along with the form of AOF. This are one time service charge and are Non Refundable at any cost and levied as per Financial Planning Account variant opted by customer. Any delay or Nonpayment of the committed charges as per variant / company / firm turnover would entail additional charges as per the schedule of charges.

The customer agrees and confirms that in the event any of services in connection with the Financial Planning Account are or become liable to tax under the applicable laws and regulations, the Customer shall bear all the taxes or duties in connection with such services.

IBG FIncon holds all the rights to change fees and charges from time to time and will be binding on the Account holder.

  1. Grouping of Accounts

 

As per company’s internal policies, IBG FINCON makes best efforts to identify an individual / entity through a single identification number. Customers should note that all the Financial Planning Accounts of customer within the IBG FINCON will be linked and will have privileged services.

 

  1. Statement of Accounts

 

IBG FINCON provides statement for Financial Planning Account through email or physical statements will be sent to account holders mailing address as  provided  IBG record while email statements are sent to customer’s registered Email ID.

For email statements, customers are liable to verify the authentication of any emails received and the IBG will not be liable for any issues/loss arising out of any fraudulent email received by the customer. Email statements are sent to the registered email only, as specified by the customer from time to time.

 

Customer should intimate IBG in case statement is not received on time. IBG may issue a duplicate statement at free of cost.

 

  1. Holding of accounts

Financial Planning Account depends on the operating mandate as defined in the AOF.

FPA in the name of an individual can be operated only by the individual himself or by the POA (Power of Attorney) of such individual.

Joint accounts can be operated singly by any one or jointly by two or more or all of the FPA Holders together depending on the operating instructions given by all the account holders. Any change in the operating instruction though will require the authorization of all the account holders irrespective of the operating instruction.

FPA in the name of partnership firms, private limited and public limited companies, clubs & societies, trust etc shall be operated by authorised individuals of the respective entities, as specified in the AOF/ resolution submitted at the time of opening account or as amended from time to time. Amendments made should be supported with due credentials and to the satisfaction of IBG.

IBG as per its KYC requirement may ask customer to furnish some additional documents or may request for reverification of KYC. Customer will need to comply with such request, IBG will not be liable for any material/ non material inconvenience that may caused to the customer due to the customer non compliance to such request.

IBG may time to time send deliverables (account reports, important notification and other relevant items at the customer’s mailing address as maintained in IBG’s rescored. Hence customer needs to promptly notify us any change in mailing address. IBG will not be liable for any loss/damage/inconvenience that may cause to the customer due to loss/damage/failure/wrong delivery of such items due to non intimation of change in mailing address by the customer.

The customer will also need to maintain required balance before giving us a confirmation on payment of their service charges. Any failure, or bounce cheque will be tends to penalty on the part of customer. Customer will have to pay the penalty charges for this.

 

  1. Standing Instructions

With the conclusion of the Agreement, the Customer/account holder shall give the Bank the order to effect, during the term of the Agreement, payments to the IBG FIncon at the dates established by the Customer (hereinafter the Payment Date). With the conclusion of the Agreement, any payments effected on the basis of the Standing Order shall be considered as authorised in the meaning of the Law of Obligations Act.

 

 

  1. Extended Business Hours

 

IBG FINCON Branches remain closed on sunday and for the days specified in the holiday list or on  declared  govt holiday.

For customers benefit and easy reach IBG has initiated extended working hours in certain branches. During this extended hours, all customers can avail the financial services. IBG reserve right to discontinue extended service hours facility in certain branches without prior notice.

 

  1. Mobile Alerts

All customers having their mobile numbers registered with the IBG are entitled for receiving mobile alerts for various types of services. This alerts typically provided for monthly/quarterly/yearly reports, renewal of their policies (if any), and alerts regarding payment of service charges (Financial Planning fees) Customer will send alerts on a frequent basis for any financial events initiated by IBG

We will also send occasional best wishes message on birthdays, anniversaries.

However, IBG will not be liable for any information reaching customer after delay / nor receipt of information.

 

  1. Data Collection Facility

IBG offers data (documents or information provided to IBG for further working ) collection facility to its customers. All the data which is required for Bookkeeping and accounts writing, tax planning, Capital Management, Investment Advisory and Business Advisory process will be collected by our DCID (Document Collector and Informing Data/ Data Collection Executive).Our customers are privileged by this facility as they don’t have to rush to their concern branch now and then. Our DCID person will visit to registered address of the customer and will collect all the necessary documents. (Frequency decided by the company and mostly it depend on the type of account held by the account holder.)

  1. Door Step Services

IBG has extended some of its selected product and services to customer’s “Doorstep” through independent relationship officers appointed by IBG. This facility is provided only to Financial Planning Account holders registered address available within the city or branch limits of the area availed by the account holder this service may includes:

 

  • Document Collection
  • Reports delivering
  • Service charges collection
  1. Dormant Account

 

IBG may turn an account as dormant account where: Customer not induced to receive the services for more than 4 months.

  1. Nomination

Nomination facility is available for accounts operated by individual including Sole Proprietorship account. Nomination cannot be obtained for accounts held in representative capacity as the holder of any office.

Customer is advised to provide nomination details while opening of an account. Where customer does not wish to provide any nomination details, the same should be noted exclusively in the AOF and countersigned by the customer.

Customer can include nomination or can change/ modify existing nomination details in the account during his/her lifetime. In case of jointly operated accounts, authorization from all the account holders is necessary for any alternation to nomination details. A witness is required when making nomination or modifying / changing nomination details and the witness signature is mandatory in the nomination form.

Customer should ensure that he received the acknowledgement for all such Financial Planning services for new nomination or change / modification to exiting nominee details.

Nominee has the right to receive the applicable product and services from IBG only on the death of the account holder in sole individual account or all account holders in case of joint account.

  1. Special Accounts : IBG authorize to provide such special account approval to specific class or group of individual/artificial person. Account holder has no right to decide where he wants to apply special account may convert into normal account will be at the sole discretion of IBG Fincon.
  2. Closure Of Account

IBG reserves the right to close or freeze the account, after due notice to the Customer for reasons which may include, but not limited to, the following;

  • In case any of the documents furnished towards Identity and address proof are found to be fake / forged / defective
  • The account opening cheque (Advance Fees) is returned unpaid for financial reasons.
  • The account not operated for long time can be leads to close down.

 

  1. Change of Terms

Terms & Conditions are liable to change at any time without prior intimation to account holder and at the sole discretion of management of IBG or due to change in any rules/ regulations from GOI.IBG may change the Terms & Conditions from time to time at its own absolute discretion. Changes can be addition of new Terms & Conditions, deletion of existing terms & Conditions, modification to an existing term & conditions. IBG may communicate the changes either by hosting on its website, or through any other available mode of communication and will be binding on the account holders.

Non Transferability

The account and the services provided by IBG to its customers are non transferable under any circumstance and shall be used by the customer only. The IBG though reserves the right to transfer, assign, or sale it rights: benefits or obligations to any other person and these Terms & Conditions will continue to hold for the benefit of the successors and assign of IBG.

  1. Notice

Notice in respect of the Account, the services and facilities in connection with the Financial Planning Account may given by IBG either through e-mail at customers’ registered e-mail address or posting a letter to the Customer’ registered mailing address. IBG may also give any notice by posting the notice on the Website or by displaying at the branches and the same will be deemed to have been received by the Customer.

  1. Waiver

IBG FINCON levies charges to the account only as per the schedule of charges communicated to customer well in advance.  These charges cannot be waived under any circumstances.

  1. Indemnity

The Customer shall indemnify IBG from any loss that may occur arising from misuse of account or services.

IBG FINCON shall not be liable to the customer for any damages in connection with the account or the services or any failure to perform any obligation contained in these Terms or for any loss or damage whatsoever suffered or incurred by the customer.

The Customer shall solely be responsible for ensuring full compliance with all the applicable laws and regulations in any relevant jurisdiction in connection with establishment of his / her account with IBG and shall indemnify and keep indemnified IBG from all actions, proceedings claims, losses, damages, costs and expenses which may be incurred by IBG in connection with any failure to comply with any such applicable laws and regulations.

 

  1. No Encumbrance

Both the  Parties shall not, either directly or indirectly, create, assume, incur or suffer or permit to exist any Lien or charge of any kind or character upon any asset of the Credit Parties; whether owned at the Closing Date or hereafter acquired, except Permitted Liens or as otherwise authorized by parties in writing.

Customer will need to ensure that no encumbrance / third party interest is created/ permitted over the account held with IBG FINCON without explicit written agreement with the IBG.

  1. Governing Law & Legal Jurisdiction

This terms and conditions will be governed, construed, and enforced according to the laws of India. Each party hereby irrevocably consents to the [exclusive, non-exclusive] jurisdiction and venue of any court located in PUNE (MAHARASHTRA)] in connection with any matter arising out of this agreement or the transactions contemplated under this agreement.

  1. Sharing of Information/Disclosures

Both the parties shall maintain utmost secrecy with regard to confidential and proprietary information relating to the Company. This information includes and is not limited to trade secrets, technical processes, finances, dealings with information relating to suppliers, employees, agents, distributors and customers.

Both the parties shall not, without written consent of the management, during your employment and at all times thereafter directly or indirectly use or disclose   confidential information except for under legal obligation or for the sole benefit of the Company. You will take all appropriate measures necessary to keep trade secrets and confidential information from being disclosed to or received by third parties. Such trade secrets, proprietary technical data and specification etc at all times remain the property of Company.

Both the parties shall not take copies of confidential documents or information for      your own purposes and forthwith upon termination, you shall return to the Company       all documents records, and accounts in any from (including electronic, mechanical, photographic, and optic recording) relating to matters concerning the business or   dealings or affairs of the Company. You shall not during your employment and at all       times thereafter do or say anything that may injure or directly damage the business of    the Company.

  1. Termination of contract by either party: IBG can terminate this agreement at any time by giving valid reason for such termination. Account holder may terminate this agreement as per the manner specified by IBG.

 

  1. Responsibility to answer on notices by govt authorities for the reports or consultation given by IBG

 

  1. Account holder record maintenance period: IBG will maintain records as per the law’s requirement in applicable areas.
  2. Force Majeure Either Party shall be excused from performance and shall not be in default in respect of any obligation hereunder to the extent that the failure to perform such obligation is due to a Natural Force Majeure Event.

 

  1. LINKS FROM THE WEBSITE If the Website contains links to other sites and resources provided by third parties, these links are provided for your convenience only. We have no control over the contents of those sites or resources, and accept no responsibility for them or for any loss or damage that may arise from your use of them. If you decide to access any third-party websites linked to the Website, you do so entirely at your own risk and subject to the terms and conditions of use for such third-party websites.
  2. Remedy: IBG is free to take ask for remedy under any applicable laws for violation of all or any terms and conditions by account holder/prospect client or any visitor.