Terms & Conditions for Refer and Earn Programme

All clients of LSFS Consultancy Services Pvt. Ltd. (LSFS) shall be eligible to receive rewards for referring friends/family and prospective clients at LSFS. Clients would earn reward points for all referred clients, if all the following conditions are met:

  • All such referred clients must complete their transaction within 30 days of being referred on LSFS website using the same contact number & email ID as the client referring had inputted during referring such client.
  • To encash reward points, an existing client would have at least accumulated 200 reward points. 1 Reward points is equivalent to 1 INR (Indian Rupee).
  • In case any client eligible to encash the reward point, he/she shall withdraw such amount within a period of 30 days from closure of this referral programme.
  • Participating in the referral programme would mean acceptance of all this Terms & Conditions.
  • All clients participating and requesting for withdrawal of any incentive pay-outs must abide by, declare and agree to all clauses stated below. In case any misrepresentation or incorrect declaration is provided, such clients shall indemnify LSFS for any such damages, direct or consequential, with respect to any violations of Circulars, Rules & Regulations, Bye-Laws of all Recognized Stock Exchanges (as defined by SEBI) and any such Applicable Law in India.

I/We, being client of LSFS Consultancy Services Pvt. Ltd. (hereinafter referred to as “LSFS”) hereby agree to and declare the below points with respect to accepting any payment/incentives from LSFS, with respect to any referral bonus or marketing fee or incentives from LSFS:

i. I/We am/are not forbidden to do any business under the Rules, Bye-Laws and Regulations of National Stock Exchange (NSE), Bombay Stock Exchange (BSE), and Multi Commodity Exchange (MCX) or any Recognized Stock Exchange as defined by SEBI;

ii. I/We have read and understood all the terms, conditions, clauses of the NSE, BSE, and MCX with respect to the “Byelaws” of all the Exchanges, “incentives/referral schemes” rules, and rules with respect to marketing and incentives. I/We understand that by receiving referral incentives from LSFS, I/We and LSFS are both bound by the rules of the Exchanges;

iii. I/We have read NSE Circular NSE/INSP/43029 dated December 26, 2019, and have clearly understood all the terms of the circular. Any dispute/grievance under this scheme cannot be referred to the Grievance Panel ofthe Exchange, SEBI or any court of law and will be resolved between me and LSFS, and any such dispute should not be made public;

iv. I/We are accepting this incentive from LSFS only for the referral of new clients/persons, and have not carried out any other activities, such as any financial advisory, inducing persons to use or trade/transact with LSFS, providing stock tips, managing portfolios etc;

v. I/We acknowledge that details of clients referred to by me/us, such as; contract notes, daily margin statement, statement of accounts, will not be sent to me/us from LSFS without the consent of the referred clients;

vi. I/We have not, since being eligible to receive any payment/pay-out from LSFS, entered into any contracts or published any marketing material/advertisement acting as LSFS or act as a referral agent of LSFS without the explicit written permission of LSFS. I/We understand that publishing any marketing or advertisement material requires permission/intimation towards the Exchanges. I/We will not & have not publish/’ed any marketing material without the explicit permission of LSFS;

vii. I/We are not an employee of LSFS or any associate/group entity of LSFS, and I/We are not a relative of an employee of LSFS.

viii. I/We hereby declare that I/We have read, understood and agree to abide by this Policy, LSFS’s terms & conditions, privacy policy and policies & procedures on LSFS’s websites.

ix. I/We hereby understand this policy, along with these terms & conditions with respect to all incentives from LSFS, regarding referrals towards LSFS may be changed from time to time by LSFS, at the sole discretion of LSFS; or by the Exchanges. Therefore, at all times, I/We shall abide by the change in such Policies and Procedures of LSFS & Exchanges without any objections in the future.

x. I/We hereby understand that LSFS’s management reserves all rights to withhold any such incentives to any such referrer, at its sole discretion, for any reason whatsoever.