Privacy Policy
By visiting our site you are agreeing to be bound by the following terms and conditions. We may change these terms and conditions at any time. Your continued use of www.rscresearch.com means that you accept any new or modified terms and conditions that we come up with. Please revisit the `Terms of Use’ link at our site from time to time to stay abreast of any changes that we may introduce. The term www.rscresearch.com’ is used through this entire Terms of Use document to refer to the website, its owners and the employees and associates of the owner REGISTRATION: By registering, you certify that all information you provide, now or in the future, is consistent. www.rscresearch.com reserves the right, in its sole discretion, to deny you access to this website or any portion there of without notice for the following reasons
(a) immediately by www.rscresearch.com for any unauthorized access or use by you
(b) immediately by www.rscresearch.com if you assign or transfer (or attempt the same) any rights granted to you under this Agreement;
(c) immediately, if you violate any of the other terms and conditions of this User Agreement I agree to get periodic SMS alerts. I agree to get periodic newsletters.
LICENSE: Rajendra Singh Chawalkar, hereby grants you a limited, non-exclusive, non-assignable and non-transferable license to access www.rscresearch.com provided and expressly conditioned upon your agreement that all such access and use shall be governed by all of the terms and conditions set forth in this USER AGREEMENT.
DELAYS IN SERVICES: Neither www.rscresearch.com (including its and their directors, employees, affiliates, agents, representatives or subcontractors) shall be liable for any loss or liability resulting, directly or indirectly, from delays or interruptions due to electronic or mechanical equipment failures, telephone interconnect problems, defects, weather, strikes, walkouts, fire, acts of God, riots, armed conflicts, acts of war, or other like causes. www.rscresearch.com shall have no responsibility to provide you access to www.rscresearch.com while interruption of www.rscresearch.com is due to any such cause shall continue.
COPYRIGHT & NO RETRANSMISSION OF INFORMATION: www.rscresearch.com as well as the design and information contained in this site is valuable and exclusive property of RSC RESEARCH and nothing in this Agreement shall be construed as transferring or assigning any such ownership rights to you or any other person or entity. All stock call information on www.rscresearch.com is the proprietary and confidential property of www.rscresearch.com and cannot be repeated for any reason outside www.rscresearch.com . You agree not to repeat or rebroadcast in any way any of the stock call information made on www.rscresearch.com for any reason whatsoever. You agree that if you do repeat or re-post any of www.rscresearch.com calls by any mean, you will be liable for actual and punitive damages as determined by www.rscresearch.com and additional damages to be determined by a Indian court of Law You may not resell, redistribute, broadcast or transfer the information or use the information in a searchable, machine-readable database unless separately and specifically authorized in writing by www.rscresearch.com prior to such use. You may not rent, lease, sublicense, distribute, transfer, copy, reproduce, publicly display, publish, adapt, store or time-share www.rscresearch.com, any part thereof, or any of the information received or accessed therefrom to or through any other person or entity unless separately and specifically authorized in writing by www.rscresearch.com prior to such use. In addition, you may not remove, alter or obscure any copyright, legal or proprietary notices in or on any portions of www.rscresearch.com without prior written authorization Except as set forth herein, any other use of the information contained in this site requires the prior written consent of www.rscresearch.com managed or co-managed public offering of securities for the subject company in the past twelve months;
Limitations on trading by research analysts.
(1) Personal trading activities of the individuals employed as research analyst by www.rscresearch.com shall be monitored, recorded and whereever necessary, shall be subject to a formal approval process.
(2) Independent research analysts, individuals employed as research analyst by www.rscresearch.com shall not deal or trade in securities that the research analyst recommends or follows within thirty days before and five days after the publication of a research report.
(3) www.rscresearch.com shall not deal or trade directly or indirectly in securities that he reviews in a manner contrary to his given recommendation.
(4) www.rscresearch.com shall not purchase or receive securities of the issuer before the issuer’s initial public offering, if the issuer is principally engaged in the same types of business as companies that the research analyst follows or recommends. (5) www.rscresearch.com shall apply mutatis mutandis to a research entity unless it has segregated its research activities from all other activities and maintained an arms-length relationship between such activities.
(6) www.rscresearch.com restrictions to trade or deal in securities may not apply in case of significant news or event concerning the subject company or based upon an unanticipated significant change in the personal financial circumstances of the research analyst, subject to prior written approval as per the terms specified in the approved internal policies and procedures.
Limitations on publication of research report, public appearance and conduct of business
(1) www.rscresearch.com or research entity shall not publish or distribute research report or research analysis or make public appearance regarding a subject company for which he has acted as a manager or co-manager at any time falling within a period of:
(a) Forty days immediately following the day on which the securities are priced if the offering is an initial public offering; or
(b) Ten days immediately following the day on which the securities are priced if the offering is a further public offering: Provided that research analyst or research entity may publish or distribute research report or research analysis or make public appearance within such forty day and ten day periods, subject to prior written approval of legal or compliance personnel as specified in the internal policies and procedures.
(2) www.rscresearch.com has agreed to participate or is participating as an underwriter of an issuer’s initial public offering shall not publish or distribute a research report or make public appearance regarding that issuer before expiry of twenty five days from the date of the offering. Explanation.- For the purposes of sub-regulations (1) and (2), the date of the offering refers to the first date on which the security was offered to the public.
(3) www.rscresearch.com or research entity who has acted as a manager or co-manager of public offering of securities of a company shall not publish or distribute a research report Page 15 of 32 or make a public appearance concerning that company within fifteen days prior to date of entering into and fifteen days after the expiration/waiver/termination of a lock-up agreement or any other agreement that the research analyst or research entity has entered into with a subject company that restricts or prohibits the sale of securities held by the subject company after the completion of public offering of securities: Provided that www.rscresearch.com or research entity may publish or distribute research report or research analysis or make public appearance regarding that company within such fifteen days subject to prior written approval of legal or compliance personnel as specified in the internal policies and procedures.
(4) www.rscresearch.com or individuals employed as research analyst by research entity shall not participate in business activities designed to solicit investment banking or merchant banking or brokerage services business, such as sales pitches and deal road shows.
(5) www.rscresearch.com or individuals employed as research analyst by research entity shall not engage in any communication with a current or prospective client in the presence of personnel from investment banking or merchant banking or brokerage services divisions or company management about an investment banking services transaction.
(6) Investment banking or merchant banking or brokerage services division‟s personnel of www.rscresearch.com shall not direct the individuals employed as research analyst to engage in sales or marketing related to an investment banking or merchant banking or brokerage services and shall not direct the research analyst to engage in any communication with a current or prospective client about such division‟s transaction: Provided that sub-regulations (4) to (6) shall not prohibit research analyst or research entity from engaging in investor education activities including publication of pre-deal research and briefing the views of the research analyst on the transaction to the sales or marketing personnel.
(7) www.rscresearch.com or research entity shall have adequate documentary basis, supported by research, for preparing a research report.
(8) www.rscresearch.com or research entity shall not provide any promise or assurance of favourable review in its research report to a company or industry or sector or group of companies or business group as consideration to commence or influence a business relationship or for the receipt of compensation or other benifits.
(9) www.rscresearch.com or research entity shall not issue a research report that is not consistent with the views of the individuals employed as research analyst regarding a subject company.
(10) www.rscresearch.com shall ensure that the individuals employed as research analyst are separate from other employees who are performing sales trading, dealing, corporate finance advisory or any other activity that may affect the independence of its research report: Provided that the individual employed as research analyst by research entity can receive feedback from sales or trading personnel of brokerage division to ascertain the impact of research report.
Disclosures in research reports Recommendations in public media.
(1) www.rscresearch.com or research entity including its director or employee shall disclose the registration status and details of financial interest in the subject company, if he makes public appearance.
(2) If any person including a director or employee of www.rscresearch.com or credit rating agency or asset management company or fund manager, makes public appearance or makes a recommendation or offers an opinion concerning securities or public offers through public media, all the provisions of regulations 16 and 17 shall apply mutatis mutandis to him and he shall disclose his name, registration status and details of financial interest in the subject company at the time of, –
(i) making such recommendation or offering such opinion in personal capacity;
(ii) responding to queries from audiences or journalists in personal capacity;
(iii) communicating the research report or substance of the research report through the public media. Distribution of research reports
(1) A research report shall not be made available selectively to internal trading personnel or a particular client or class of clients in advance of other clients who are entitled to receive the resear ch report.
(2) or research entity who distributes any third party research report shall review the third party research report for any untrue statement of material fact or any false or misleading information.
(3) www.rscresearch.com or research entity who distributes any third party research report shall disclose any material conflict of interest of such third party research provider or he shall provide a web address that directs a recipient to the relevant disclosures .
(4) Provisions of sub-regulations (2) and (3) shall not apply to awww.rscresearch.com or research entity if he has no direct or indirect business or contractual relationship with such third party research provider.
General responsibility.
(1) www.rscresearch.com or research entity shall maintain an arms-length relationship between its research activity and other activities.
(2) www.rscresearch.com or research entity shall abide by Code of Conduct as specified in Third Schedule.
(3) In case of change in control of the research analyst or research entity, prior approval from the Board shall be taken.
(4) www.rscresearch.com or research entity shall furnish to the Board information and reports as may be specified by the Board from time to time.
(5) It shall be the responsibility of the www.rscresearch.com or research entity to ensure that its employees or partners, as may be applicable, comply with the certification and qualification requirements under regulation 7 at all times Maintenance of records.
(1) www.rscresearch.com or research entity shall maintain the following records:
(i) research report duly signed and dated;
(ii) research recommendation provided;
(iii) rationale for arriving at research recommendation;
(iv)record of public appearance.
(2) All records shall be maintained either in physical or electronic form and preserved for a minimum period of five years: Provided that where records are required to be duly signed and are maintained in electronic form, such records shall be digitally signed.
(3) Research analyst or research entity shall conduct annual audit in respect of compliance with these regulations from a member of Institute of Chartered Accountants of India or Institute of Company Secretaries of India Disclosures & Disclaimer
- www.rscresearch.com or its associates have not received any compensation from the subject company in the past twelve months;
- www.rscresearch.com or its associates have not managed or co-managed public offering of securities for the subject company in the past twelve months;
- www.rscresearch.com or its associates have not received any compensation for investment banking or merchant banking or brokerage services from the subject company in the past twelve months;
- www.rscresearch.com or its associates have not received any compensation or other benefits from the subject company or third party in connection with the research report
The information contained in this report is for general purposes only. The information is provided by www.rscresearch.com, and while we Endeavor to keep the information up to date and correct, but we do not take any responsibility for error of fact and opinion. We make no representation of any kind, expression or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information. Trading can be challenging and potentially profitable opportunity for investors. However, before deciding to participate in the market, investor should carefully consider investment objective, level of experience, and risk appetite. We strongly suggest that do not invest money in the market that cannot be afford to lose. Trading carries high level of risk and trades or investors can lose his capital. Most importantly, we highly recommend to follow trading principle rules. The information contained herein is based on the analysis and past record but future result may be different. News, views, opinions, recommendation and other information obtained from reliable sources, but we cannot guarantee their accuracy or completeness. All the information is subject to change at time without prior notice.