Terms & Conditions
1. Introduction
Welcome to the website of Mehta Vakil & Co. Pvt. Ltd. (“Mehta Vakil”, “Company”, “we”, “us”, or “our”), accessible at www.mehtavakil.com (the “Website”). Established in 1921, Mehta Vakil & Co. Pvt. Ltd. is one of the oldest members of the Bombay Stock Exchange (BSE) and is also a registered member of the National Stock Exchange (NSE). The Company is a recognised depository participant with CDSL and is an AMFI-registered mutual fund distributor.
By accessing or using this Website, you (“User”, “you”, or “your”) agree to be bound by these Terms and Conditions (“Terms”). If you do not agree with any part of these Terms, please discontinue use of the Website immediately.
These Terms shall be read together with our Privacy Policy, which is incorporated herein by reference.
2. Regulatory Information
Mehta Vakil & Co. Pvt. Ltd. is registered with and regulated by the following authorities:
• SEBI-registered Stock Broker (BSE & NSE)
• Depository Participant registered with Central Depository Services (India) Limited (CDSL)
• AMFI-registered Mutual Fund Distributor (ARN-registered)
Our registrations and relevant regulatory details are available for inspection at our registered office and, where required, are displayed on the Website in accordance with applicable regulations. Users are encouraged to verify all regulatory details directly with the relevant regulatory authority before engaging with our services.
3. Nature of Website Content
3.1 Informational Purpose Only
The content published on this Website is intended solely for general information and awareness purposes. It does not constitute financial advice, investment advice, trading advice, or any other professional advice. Nothing on this Website should be construed as a solicitation or offer to buy or sell any security, financial product, or instrument.
3.2 No Client Relationship
Accessing or browsing this Website does not create a client relationship, advisory relationship, or any other professional relationship between you and Mehta Vakil & Co. Pvt. Ltd. A formal client relationship is only established through the execution of requisite account-opening documentation, compliance with Know Your Customer (KYC) requirements, and acceptance of applicable agreements in accordance with SEBI regulations.
3.3 Accuracy of Information
While we endeavour to keep information on this Website accurate and up to date, we do not make any representations or warranties, express or implied, regarding the completeness, accuracy, reliability, suitability, or availability of the information, products, or services on this Website. Any reliance you place on such information is strictly at your own risk.
3.4 Market and Investment Risk
Investments in securities markets are subject to market risks. Please read all scheme-related documents carefully before investing. Past performance of any investment product is not indicative of future results. Mutual fund investments are subject to market risks. The NAV of units issued under schemes can go up or down depending on factors and forces affecting capital markets.
In particular, trading in Equity Futures and Options (F&O) and other derivative instruments carries a high degree of risk. In accordance with SEBI’s mandatory disclosure requirements, the following risk disclosures are displayed prominently on this Website:
• 9 out of 10 individual traders in the Equity Futures and Options Segment incurred net losses.
• On average, loss makers registered net trading losses close to ₹50,000.
• Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
• Those making net trading profits incurred between 15% to 50% of such profits as transaction costs.
Source: SEBI Circular dated January 23, 2025. Users are strongly advised to read and understand these disclosures in full before participating in derivatives trading.
4. Regulatory Disclosures and Disclaimers
In accordance with applicable SEBI regulations and the guidelines issued by AMFI and stock exchanges, the following disclosures are made:
• Mehta Vakil acts as a distributor/broker and not as an investment adviser under SEBI (Investment Advisers) Regulations, 2013, unless separately registered for such purpose.
• We may receive commissions, brokerage, trail fees, or other forms of remuneration from fund houses, or exchanges in connection with the products and services we distribute.
• Clients are advised to assess products based on their own individual risk appetite, financial goals, and investment horizon, and to seek independent professional advice where appropriate.
• Stock market investments are subject to market risk. Please read the risk disclosure document prescribed by SEBI before investing.
The following SEBI-mandated investor awareness and risk disclosure notices are displayed on this Website:
• A scrolling ticker on the homepage carrying the following SEBI-prescribed investor awareness messages: (i) a notice advising investors to keep their mobile numbers and email IDs updated with their stock broker to prevent unauthorised transactions and to receive end-of-day transaction alerts directly from the Exchange; (ii) a notice that KYC is a one-time exercise across all SEBI-registered intermediaries; and (iii) a notice regarding the ASBA-based IPO application process.
• A risk disclosure popup on the homepage presenting SEBI-mandated statistics on losses incurred by individual traders in the Equity Futures and Options segment, sourced from a SEBI Circular dated January 23, 2025
The Company’s Compliance Officer and Investor Grievance contact details are made available on the Website in accordance with applicable SEBI regulations.
5. Contact Form and User Submissions
5.1 Submission of Information
This Website includes a contact form through which you may voluntarily submit enquiries or requests to Mehta Vakil. By submitting the contact form, you provide us with certain personal information, which may include your name, email address, phone number, and the content of your message or enquiry.
You represent and warrant that any information you submit through the contact form is accurate, complete, and not misleading, and that you have the right to provide such information to us.
5.2 Use of Submitted Information
Information submitted through the contact form will be used solely for the purpose of responding to your enquiry or request, and for any follow-up correspondence reasonably necessary in connection with that enquiry. We will not use your submitted information for unsolicited marketing communications without your prior consent.
5.3 No Confidentiality of General Enquiries
Please note that submission of a general enquiry through the contact form does not create a client relationship or any advisory or fiduciary duty on our part, and should not be treated as a confidential communication. If you are an existing client and wish to communicate regarding your account or holdings, please use the designated client login portals or contact your relationship manager directly.
6. Third-Party Portals and Login Services
This Website provides links or redirects to third-party client login portals including, but not limited to, the CDSL DEMAT account portal, equity back-office platforms, and mutual fund platforms. These third-party portals are operated by independent entities and are subject to their own terms of use, privacy policies, and security practices.
Mehta Vakil does not control, endorse, or accept responsibility for the content, security, or availability of any third-party portal. Your use of any such portal is entirely at your own risk and subject to the terms and conditions of the respective third-party operator. We strongly encourage you to review the privacy policies and terms of any third-party portal before submitting your personal or financial information.
7. Intellectual Property
All content on this Website, including but not limited to text, graphics, logos, button icons, images, data compilations, and software, is the property of Mehta Vakil & Co. Pvt. Ltd. or its content suppliers and is protected by applicable Indian intellectual property laws including the Copyright Act, 1957, and the Trade Marks Act, 1999.
You may access, browse, and download or print a copy of the Website content solely for your personal, non-commercial use, provided you do not modify the content and retain all copyright and proprietary notices. No content may be reproduced, republished, distributed, transmitted, displayed, or broadcast without the prior written consent of Mehta Vakil.
8. Prohibited Use
You agree not to use this Website in any manner that:
• Is unlawful, fraudulent, misleading, or harmful, or in furtherance of any illegal activity
• Involves the transmission of unsolicited commercial communications or ‘spam’
• Involves scraping, crawling, or the automated extraction of data from the Website without our prior written consent
• Interferes with or disrupts the integrity, security, or performance of the Website
• Attempts to gain unauthorised access to any portion of the Website or any system or network connected to it
• Infringes the intellectual property rights or privacy rights of Mehta Vakil or any third party
• Submits false or misleading information through the contact form or any other feature of the Website
9. Limitation of Liability
To the maximum extent permitted by applicable law, Mehta Vakil, its directors, officers, employees, agents, and successors shall not be liable for any direct, indirect, incidental, special, consequential, or punitive damages arising out of:
• Your use of, or inability to use, the Website
• Any reliance placed on the content of this Website
• Any errors, omissions, interruptions, or delays in the content or operation of the Website
• Any loss of data or unauthorised access arising from your use of third-party portals linked from this Website
10. Governing Law and Dispute Resolution
These Terms shall be governed by and construed in accordance with the laws of India. Any disputes arising in connection with these Terms or the use of this Website shall be subject to the exclusive jurisdiction of the competent courts in Mumbai, Maharashtra, India.
Any disputes relating to services provided by Mehta Vakil in its capacity as a SEBI-registered intermediary shall be subject to the dispute resolution mechanism prescribed by SEBI, the relevant stock exchange(s), or such other regulatory framework as may be applicable.
11. Investor Grievance Redressal
In accordance with SEBI regulations, Mehta Vakil has established a grievance redressal mechanism for investors. If you have a complaint or grievance relating to our services, you may:
• Contact our Investor Grievance Officer at the details displayed on the Website homepage
• Lodge a complaint on the SEBI SCORES portal
• Use the ODR (Online Dispute Resolution) portal as notified by SEBI
We are committed to resolving investor grievances in a timely and fair manner in accordance with the timelines prescribed by SEBI and the relevant stock exchanges.
12. Amendments to These Terms
Mehta Vakil reserves the right to modify or update these Terms at any time without prior notice. The date of the most recent revision will be indicated at the top of this page. Your continued use of the Website following any such modification shall constitute your acceptance of the revised Terms. We encourage you to review these Terms periodically.
13. Severability
If any provision of these Terms is found by a court of competent jurisdiction to be invalid, illegal, or unenforceable, the remaining provisions shall continue in full force and effect. The invalid or unenforceable provision shall be modified to the minimum extent necessary to make it valid, legal, and enforceable.
14. Contact Information
If you have any questions, concerns, or feedback regarding these Terms and Conditions, please contact us at:
Mehta Vakil & Co. Pvt. Ltd.
PG-11, Ground Floor, Stock Exchange Rotunda Building, B.S. Marg, Fort, Mumbai – 400001.
Maharashtra, India
Email: info@mehtavakil.com
Phone: +91-022-22722620
