Legal

Terms of Use

Last updated: 10 August 2026

These Terms of Use (“Terms”) govern your access to and use of this Website operated by Mrigashira Consultancy, the sole proprietorship of Ms. Anushri Shukla, a SEBI-registered Individual Investment Adviser bearing Registration No. INA000022817 (the “Investment Adviser”, “we”, “us”, “our”). By accessing or using the Website, you (the “User”, “you”) agree to be bound by these Terms, our Privacy Policy and all applicable laws and regulations. If you do not agree, you must not access or use the Website.

1. Acceptance of Terms and Electronic Record

This document is an electronic record in terms of the Information Technology Act, 2000 and the rules made thereunder, and the provisions relating to electronic records in various statutes as amended by that Act. It is generated by a computer system and does not require any physical, electronic or digital signature.

Your acceptance of these Terms may be evidenced by any of the following, each of which shall constitute valid and binding acceptance: (a) your continued access to or use of the Website; (b) your affirmative act of ticking the acceptance checkbox at the time of registration or on-boarding; or (c) your execution of the Investment Advisory Agreement. You agree that our server logs, timestamps and electronic records relating to such acceptance shall be admissible as evidence in any proceeding, and you shall not dispute their validity solely on the ground that they are in electronic form.

2. Eligibility, Jurisdictional Restrictions and On-boarding

Our services are available to persons who are at least eighteen (18) years of age and are competent to contract under Indian law, and who have not been debarred, restrained, suspended or otherwise prohibited by SEBI or any other regulatory or judicial authority from accessing the securities market or availing the services of a registered intermediary.

Before any advice is rendered, a client must complete the prescribed Know Your Client (KYC) process, undergo risk profiling and suitability assessment, and execute an Investment Advisory Agreement which incorporates the Most Important Terms and Conditions (MITC) specified by SEBI, duly acknowledged by the client.

We reserve the right to decline to on-board any person, or to refuse or discontinue services to any person, at our sole discretion, including where the prescribed KYC or risk-profiling process cannot be satisfactorily completed, where our services are not suitable for that person, or where on-boarding would be inconsistent with applicable law or our internal policies.

3. Nature and Scope of Services

Our services consist of providing investment advice in relation to securities and investment products, based on the risk profile and suitability of each client, pursuant to a written Investment Advisory Agreement. We operate on a fee-only model and do not earn any commission, brokerage, referral fee or other consideration from any product manufacturer, distributor or third party in respect of the advice rendered.

Content on the Website is provided for general information and educational purposes only. It does not constitute investment advice, an offer, solicitation, invitation or recommendation to buy, sell or deal in any security or investment product, nor does it take into account the particular investment objectives, financial situation or needs of any specific person. Personalised investment advice is provided only to clients who have completed on-boarding, risk profiling and suitability assessment and who have executed an Investment Advisory Agreement with us.

We do not, and shall not, offer, promise or hold out any assured, guaranteed, fixed or indicative returns, or any risk-free or profit-sharing scheme. Any scheme promising assured or guaranteed returns is prohibited under SEBI norms. All investments are subject to market risk, including the possible loss of principal. Past performance is not indicative of future results.

4. Fees, Taxes and Payments

Fees for advisory services are as set out in the Investment Advisory Agreement and are charged in one of the modes permitted under the SEBI (Investment Advisers) Regulations, 2013, within the fee limits prescribed by SEBI from time to time. No fee is payable for mere access to the Website or to its freely available content.

5. Communications, Recording and Record Retention

You consent to being contacted by us and our authorised representatives by telephone, SMS, email, WhatsApp and other electronic means in relation to your enquiry, registration, on-boarding, the advisory services and service-related updates. You shall not hold us liable for non-receipt or delayed receipt of any communication on account of registration on any Do Not Disturb or Do Not Call list, network failure, spam filtering, or an incorrect or outdated address or number furnished by you.

You consent to the recording of telephonic, video and other electronic interactions with us, including interactions prior to on-boarding, and to the maintenance of such records together with your KYC records, risk profile, consents and advice records, for such period as may be required under applicable law or any direction of a regulatory or judicial authority.

You may withdraw consent to receive promotional or marketing communications at any time by writing to us at anushrisshukla@gmail.com. Withdrawal of consent does not extend to communications that we are required to send, or records that we are required to maintain, under applicable law.

6. Conflict of Interest

We act in a fiduciary capacity towards our clients and seek to avoid conflicts of interest. We do not provide any distribution services and do not receive commissions or any consideration from third parties in respect of the advice rendered. Where any actual or potential conflict of interest arises, we will disclose it to the affected client.

7. Acceptable Use and Restrictions

You agree to use the Website only for lawful purposes and in a manner that does not infringe the rights of, or restrict or inhibit the use and enjoyment of the Website by, any third party. Without limitation, you must not:

8. Confidentiality and Data Protection

Your personal data is collected and processed in accordance with our Privacy Policy, which forms an integral part of these Terms and is available at mrigashiraconsultancy.in/privacy.

9. Intellectual Property

All content on the Website, including text, graphics, logos, the firm name and mark, trade names, layouts, designs, software, tools, reports and compilations, is owned by us. You may access and use the Website for your personal, non-commercial use only. You may not copy, reproduce, republish, distribute, modify, create derivative works from, transmit, sell or commercially exploit any part of the Website without our prior written consent.

10. Third Party Links and Data

The Website may contain links to, or content, data or feeds from, third-party websites, service providers, exchanges, depositories, rating agencies, industry bodies and data vendors. We do not endorse and are not responsible for the availability, accuracy, completeness, timeliness, content, products or services of any such third party. Your use of any third-party website is governed by the terms and policies of that website and is at your own risk.

11. Disclaimers

The Website and all content and services are provided on an “as is” and “as available” basis, without any warranties of any kind, whether express or implied, including any implied warranties of merchantability, fitness for a particular purpose, non-infringement, accuracy or availability.

We do not warrant that the Website will be uninterrupted, timely, secure or error-free, that defects will be corrected, or that the Website or the servers on which it is hosted are free of viruses or other harmful components. Access to the Website may be suspended, withdrawn or restricted at any time without notice. You access the Website, download material and rely on content entirely at your own discretion and risk.

Nothing in this clause operates to disclaim any liability or obligation which cannot lawfully be disclaimed, or which arises under the SEBI (Investment Advisers) Regulations, 2013 in respect of advice rendered to a client.

12. Indemnity

You agree to indemnify, defend and hold harmless the Investment Adviser, and its proprietor, employees and authorised representatives, from and against any claim, demand, loss, liability, cost or expense (including reasonable legal fees) arising out of your breach of these Terms, your violation of any applicable law, your misuse of the Website, any information furnished by you that is untrue, inaccurate, incomplete or misleading, or any unauthorised disclosure or circulation by you of any Deliverable. This clause survives termination.

13. Force Majeure

We shall not be liable for any failure or delay in performance, or for any unavailability of the Website or services, arising from events beyond our reasonable control, including acts of God, natural disasters, epidemics or pandemics, war, civil unrest, governmental or regulatory action, power or telecommunications failures, cyber-attacks, or failures of third-party service providers.

14. Termination and Suspension

We may, at our discretion and without prior notice, suspend or restrict access to the Website (in whole or in part) for maintenance, security or legal reasons, or where we reasonably believe a User has breached these Terms, has furnished false information, or has used the Website in a fraudulent, abusive or unlawful manner.

15. Amendments

We may revise these Terms from time to time to reflect changes in law, regulation or our practices. The revised Terms will be posted on the Website with an updated “Last Updated” date and will take effect upon posting. Your continued use of the Website after any revision constitutes acceptance of the revised Terms.

16. Assignment

You may not assign or transfer any of your rights or obligations under these Terms without our prior written consent.

17. Severability, Waiver and Survival

If any provision of these Terms is held to be invalid, illegal or unenforceable, that provision shall be severed and the remaining provisions shall continue in full force and effect. No failure or delay by us in exercising any right shall operate as a waiver of that right.

18. Entire Agreement and Precedence

These Terms, together with the Privacy Policy, constitute the entire agreement between you and us in relation to your use of the Website. In respect of clients, the Investment Advisory Agreement shall govern the advisory relationship, and in the event of any inconsistency between these Terms and the Investment Advisory Agreement, the Investment Advisory Agreement shall prevail.

19. Grievance Redressal Mechanism

We are committed to the prompt and fair redressal of investor grievances. In case of any grievance or complaint, you may first approach us at the contact details below. We shall acknowledge receipt within seven (7) working days and shall strive to redress the grievance as soon as possible and, in any event, not later than twenty-one (21) days from the date of receipt of the grievance.

If you are not satisfied with our response, or if your complaint is not resolved within the prescribed timeline, you may lodge your complaint with SEBI through the SEBI Complaint Redress System (SCORES 2.0) at scores.sebi.gov.in. You may also call the SEBI toll-free helpline numbers 1800 22 7575 / 1800 266 7575. Please first take up the grievance with us before approaching SCORES.

If you remain dissatisfied with the resolution, you may initiate dispute resolution through the Online Dispute Resolution portal (SMART ODR) at smartodr.in, which facilitates online conciliation and online arbitration for the resolution of disputes arising in the Indian securities market.

The status of complaints received by us is disclosed on the Website at our Complaints & Grievance page, and the Investor Charter for Investment Advisers issued by SEBI is available at our Investor Charter page.

20. Governing Law and Jurisdiction

These Terms shall be governed by and construed in accordance with the laws of India. Subject to the grievance-redressal and dispute-resolution mechanisms prescribed by SEBI (including SCORES and SMART ODR), and without prejudice to any forum whose jurisdiction cannot lawfully be excluded, including the jurisdiction available to a complainant under the Consumer Protection Act, 2019, the courts and tribunals at Raipur, Chhattisgarh shall have exclusive jurisdiction over any dispute arising out of or in connection with these Terms.