Terms & Conditions
Liquide is a web and app based social network that enables and provides its users with a community-based platform to discuss, exchange ideas and share views with respect to stocks and other securities issued by Indian companies and the securities markets in India. Liquide operates as a website and as a mobile application in the name and style of “Liquide” (collectively referred to as the “Liquide App”).
The Liquide App is owned, operated and maintained by Liquide Solutions Private Limited, a Company incorporated under the Companies Act, 2013 having CIN: U72200PN2021PTC204829, and having its Registered Office at 2407, Tower 12, Amanora, Hadapsar, Pune (“LSPL”).
If you downloaded Liquide App from the relevant application store (Apple App Store or Google Play Store) or accessed it through your browser, you will also be subject to the terms and conditions of the relevant application from where you downloaded or accessed the Liquide App.
READ THESE TERMS CAREFULLY BEFORE ACCESSING OR USING THE LIQUIDE APP AS THEY CONTAIN IMPORTANT INFORMATION REGARDING YOUR LEGAL RIGHTS, REMEDIES AND OBLIGATIONS. BY ACCESSING OR USING ANY PART OF THE APP, YOU AGREE TO BECOME BOUND BY THE TERMS AND CONDITIONS OF THIS AGREEMENT. IF YOU DO NOT AGREE WITH ALL OF THE TERMS AND THE ABOVE ELIGIBILITY REQUIREMENTS, THEN YOU MAY NOT ACCESS THE LIQUIDE APP OR USE ANY SERVICE AVAILABLE ON THE APP.
1. LICENSE AND WEBSITE ACCESS
Subject to your acceptance and compliance with these Terms, LSPL hereby grants you a limited, revocable, non-exclusive, non-transferable license to access and use the services and the content incorporated on the pages of the Liquide App (“Content”) solely for the purpose of your personal, non-commercial use and display. You may not modify, copy, distribute, transmit, post, display, perform, reproduce, publish, license, create derivative works from, transfer or sell any pages, Content, data, information, software, products or services obtained from the App, unless you have obtained the prior written permission of LSPL. LSPL expressly reserves the right to monitor any and all use of the Liquide App.
2. NO BROKERAGE OR ADVISORY SERVICES
LSPL IS NOT A TAX ADVISOR, BROKER, FINANCIAL ADVISOR OR RESEARCH ANALYST. LIQUIDE APP IS NOT INTENDED TO PROVIDE TAX, LEGAL OR FINANCIAL ADVICE AND NOTHING ON THE LIQUIDE APP SHOULD BE CONSTRUED AS AN OFFER TO SELL, A SOLICITATION OF AN OFFER TO BUY, OR A RECOMMENDATION FOR ANY SECURITY. The Liquide App may provide links to certain brokerage companies for your convenience only. LSPL is not a registered broker-dealer and does not endorse or recommend the services of any brokerage company. The brokerage company you select (and not LSPL) is solely responsible for its services to you. You alone are solely responsible for determining whether any investment, security or strategy, or any other product or service, is appropriate or suitable for you based on your investment objectives and personal and financial situation. You should also consult an attorney or tax professional regarding your specific legal or tax situation. LSPL, its affiliates, and partners shall not be liable for any damages or costs of any type arising out of or in any way connected with your use of the services of any brokerage company whose link has been provided on the Liquide App.
3. NO RECOMMENDATION OR ADVICE PROVIDED
LSPL IS NOT AN INVESTMENT ADVISOR. LIQUIDE APP IS NOT INTENDED TO PROVIDE ANY KIND OF INVESTMENT ADVICE, AND NOTHING ON THE LIQUIDE APP SHOULD BE CONSTRUED AS INVESTMENT ADVICE EXCEPT AS OTHERWISE MENTIONED IN THESE TERMS. Trading in such securities can result in immediate and substantial losses of the capital invested. You alone are solely responsible for determining whether any investment, security or strategy, or any other product or service, is appropriate or suitable for you based on your investment objectives and personal and financial situation. You should also consult an attorney or tax professional regarding your specific legal or tax situation.
The Content is to be used for informational purposes only and the Liquide App does not provide investment advice for any individual. LSPL specifically disclaims any and all liability or loss arising out of any action taken in reliance on Content, including but not limited to market value or other loss on the sale or purchase of any company, property, product, service, security, instrument, or any other matter.
At the time of execution of any mutual fund on Liquide App, RIA code of Vartul Advisory Private Limited (“VAPL”) shall be used to generate reverse feed that could be shared with LSPL in order to present real time, updated information in the user account.
You understand that use of RIA code for execution is only a technical requirement which does not amount to flow of investment advice from VAPL to the user who opts for mutual fund execution on the Liquide App.
You understand that an investment in any security is subject to a number of risks, and that discussions of any security published on the Liquide App will not contain a list or description of relevant risk factors.
We have done our best to ensure that the information (excluding user generated content) provided on the Liquide App are accurate and provides valuable information. Regardless of anything to the contrary, nothing available on or through this Liquide App should be understood as a recommendation that you should not consult with an appropriate licensed professional to address your particular information.
Neither LSPL nor any of its employees or owners shall be held liable or responsible for any errors or omissions on the Liquide App.
You must create and log into an account to access and use features of the Liquide App.
To create an account, you must provide some information about yourself. If you create an account, you agree to provide a valid phone number, select an user name and provide other information about your identity, your company or your investments and to keep that information up-to-date. You may close your account at any time by e-mailing at firstname.lastname@example.org
You agree to (a) provide accurate, current and complete registration data; (b) maintain the security of your password and user name; (c) maintain and promptly update the registration data and (d) be responsible for all action taken using your account, whether authorized by you or not, until you either close your account or notify LSPL that your account has been compromised. You agree to notify the company immediately if you suspect your account has been compromised. You agree to select a secure password for your account, and keep it secret.
LSPL reserves the right to anytime in its sole discretion, deny you access or suspend or close your account on the Liquide App without notice, according to its policy for handling copyright-related takedown requests, or if LSPL reasonably believes that you have violated any of the terms of this Agreement.
It is recommended that You do not share your account details, particularly your username and password with any third party. LSPL accepts no liability for any losses or damages incurred as a result of (i) your Account details being shared by you; or (ii) unauthorized access to your Account by a third party.
If you have reason to believe that your Account details have been obtained by another without consent, you should contact email@example.com immediately to suspend your Account.
You agree to receive periodic sms and Whatsapp alerts.
You agree to receive periodic newsletters.
5. PAYMENTS, CANCELLATION & REFUNDS
Some of features of the Services provided on Liquide App can be availed only upon payment of a certain fee payable on event basis or under a subscription model (“Subscription Fee”). In case you do not wish to pay the Subscription Fee, you will not be able to access these features of the Services on the Liquide App.
Before you pay any Subscription Fee, you will have an opportunity to review and accept the fees that you will be charged. All fees are in INR currency. The Subscription Fee shall be paid through a debit card, credit card, internet banking or any other payment method accepted by LSPL. We will use third party payment gateways to process and facilitate the payment of your Subscription Fees. On successful payment of Subscription Fee, LSPL will intimate you of the same.
You are responsible for the accuracy and authenticity of the payment information provided by you, including the bank account number/credit card details and any other information requested during the subscription process. You represent and warrant that you have the right to use any credit card or other payment information that you submit. You agree and acknowledge that LSPL shall not be liable and in no way be held responsible for any losses whatsoever, whether direct, indirect, incidental or consequential, including without limitation any losses due to delay in processing of payment instruction or any credit card fraud.
LSPL may provide you with different kind of subscription plans on Liquide App, each of which will be subject to different limitation and restrictions and LSPL reserves the right to determine the pricing for the Services at its discretion. LSPL will make reasonable efforts to keep pricing information published on the Liquide App. We encourage you to check our website periodically for current pricing information.
LSPL, at its sole discretion, may make promotional offers with different features and different pricing to any of Liquide’s Users. These promotional offers, unless made to you, will not apply to your offer or these Terms.
The Subscription Fees billed are non-refundable irrespective of whether the subscription have been availed by you or not. Any request for change or cancellation in any Subscription plan prior to the expiration of the current Subscription plan period will not entail you with a refund for any portion of the Subscription Fee paid by You for the unexpired period, unless expressly specified otherwise by LSPL.
LSPL reserves the right to change, terminate or otherwise amend the subscription plans, Subscription Fees and billing cycles at its sole discretion and at any time. Such amendments shall be effective upon posting on the platform and your continued use of the Service shall be deemed to be your conclusive acceptance of such amendments however revised Subscription Fee shall only be applicable upon completion of the ongoing subscription term.
No fees/charges paid to LSPL shall be in the nature of consideration for investment advice. The fees/charges shall be purely for use of the social platform and/or its specific features which shall be clearly communicated to you at the time of purchase.
6. CONDITIONS FOR USE OF THE APP
You, being either or above eighteen years of age, agree to use the available on Liquide App in accordance with Acceptable Use.
Acceptable Use -
a) You will not violate any provision of Securities and Exchange Board of India (Investment Advisors) Regulations, 2013 (“Investment Advisors Regulations”), Securities and Exchange Board of India (Research Analyst) Regulations, 2014 (“Research Analyst Regulations”), SEBI (Prohibition of Insider Trading) Regulations, 2015, Securities and Exchange Board of (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003, Securities and Exchange Board of India (Stock Brokers) Regulations, 1992, Information Technology Act, 2000 (“IT Act”) , Information Technology (Reasonable Security Practices and Procedures and Sensitive Personal Data or Information) Rules, 2011 (“IT Rules”) and Information Technology (Intermediary Guidelines) Rules, 2011 (“IT Intermediary Guidelines Rules”), intellectual property laws, Indian Contract Act, 1872, and other applicable laws (hereinafter together referred as “Laws”), as and when applicable, while using the App. Laws can be accessed here.
b) Any user who makes recommendation or offers an opinion concerning securities or public offers through Liquide shall comply with all the provisions of regulations 16 of the Research Analyst Regulations on limitations on trading and Regulation 17 of Research Analyst Regulations on limitations on compensation and such user shall disclose his name, registration status and details of financial interest in the subject company. Further, if such user is also engaged in preparation and/or publication of research report or research analysis, he or the entity on whose behalf the he is acting as a research analyst, needs to get registered with SEBI.
c) You shall not copy the trading activity or portfolio of other users and are encouraged to conduct your own research before making any investments.
d) You may not use another’s account handle on the Liquide App without their specific permission.
e) You are responsible for keeping your device and your account safe and secure, and you must notify us promptly of any unauthorised use or security breach of your account or our services.
f) You may not send advertisements or chain letters through the Liquide App, or use the Liquide App to gather addresses or other personal data for commercial mailing lists or databases unless specifically permitted by LSPL.
g) You may not try to have an access to Content of Liquide App by way of web crawler, browser plug-in or add-on, or other computer program that is not a web browser(v) or falsely imply that you’re affiliated with or endorsed by Liquide.
h) You agree that you will neither charge nor pay any monetary, economic or any consideration of any nature to another user on Liquide, unless licensed to do so under relevant SEBI guidelines
Ownership Rights- Nothing in these terms gives LSPL any ownership rights in intellectual property that you share on the App, such as your account information, posts, or other Content you submit. Nothing in these terms gives you any ownership rights in the LSPL’s intellectual property, either.
You agree to not to host, display, upload, modify, publish, transmit, update or share any information that post any such Content which:
belongs to another person and to which the user does not have any right;
is defamatory, obscene, pornographic, paedophilic, invasive of another's privacy, including bodily privacy, insulting or harassing on the basis of gender, libellous, racially or ethnically objectionable, relating or encouraging money laundering or gambling, or otherwise inconsistent with or contrary to the laws in force;
is harmful to child;
infringes any patent, trademark, copyright or other proprietary rights;
violates any law for the time being in force;
deceives or misleads the addressee about the origin of the message or knowingly and intentionally communicates any information which is patently false or misleading in nature but may reasonably be perceived as a fact;
impersonates another person;
threatens the unity, integrity, defence, security or sovereignty of India, friendly relations with foreign States, or public order, or causes incitement to the commission of any cognisable offence or prevents investigation of any offence or is insulting other nation;
contains software virus or any other computer code, file or program designed to interrupt, destroy or limit the functionality of any computer resource;
is patently false and untrue, and is written or published in any form, with the intent to mislead or harass a person, entity or agency for financial gain or to cause any injury to any person;
You acknowledge that Liquide does not pre-screen, endorse or approve user Content but that Liquide shall have the right (but not the obligation) in its sole discretion to refuse, delete or remove any user Content that is available via the Service, including in connection with violations of the letter or spirit of the Terms or for any other reason. You are solely responsible at your sole cost and expense for creating backup copies and replacing and Content you post or store on the Service or otherwise provide to the Company.
Do not submit any Content that you consider to be private or confidential.
You are entirely responsible for the content of, and any harm resulting from, that Content or your conduct. Others who receive content you post in the Liquide App may violate the terms on which you license your content. You agree that the company will not be liable to you for those violations or their consequences.
You remain solely responsible for content you post on the App. You agree not to wrongly imply that content you post on the Liquide App is sponsored or approved by the company. These terms do not obligate the company to store, maintain, or provide copies of content you submit, and to change it, according to these terms.
Content you submit, post or display on the Liquide App belongs to you, and you decide what permission to give others for it. This license is for the sole purpose of enabling Liquide to display, distribute and promote the exchange of ideas and views in relation to stocks and other securities.
We, in performing the required technical steps to provide the services to our users, may (a) transmit or distribute your Content over various public networks and in various media; and (b) make such changes to your Content as are necessary to conform and adapt that Content to the technical requirements of connecting networks, devices, services or media. You agree that this license shall permit Liquide to take these actions. When content you submit is removed from the App, whether by you or by us, our special license ends when the last copy disappears from our backups, caches, and other systems.
All the views posted on the Liquide App through chats or in any other manner by an individual, shall be the views of that individual and in no manner does Liquide subscribes / endorses to it.
Though it is not possible to approve all the user content, we may , may in our sole discretion, (i) refuse or remove any content that, in our reasonable opinion, violates any terms of the Agreement or is in any way harmful or objectionable, or (ii) terminate or deny access to and use of the Liquide App to any individual or entity for any reason, in our sole discretion.
We shall have the complete unrestricted discretion to use your views posted by you on the website in any manner as we may deem fit. Further, all views posted by you on the website may continue to be on the website till such time as deemed fit by us.
Liquide reserves the right to report objectionable behaviour and/or objectionable content to the relevant authorities.
You shall not provide any false personal information to Liquide, create a false identity or impersonate another person or entity in any way or perform any fraudulent activity including claiming a false affiliation, accessing any other Services account without permission, or falsifying your age or date of birth;
If you believe that your account is no longer secure, then you must immediately notify us at firstname.lastname@example.org
8. AFFILIATE LINKS OF BROKING SITES
Some of the links on this website including links to broker services are affiliate links, which means that we may charge a fee from them for hyperlinking their sites to the App.
10. COPYRIGHT & TRANSMISSION OF INFORMATION
Liquide as well as the design and information contained in the Liquide App is the valuable, exclusive property of LSPL, and nothing in this Agreement shall be construed as transferring or assigning any such ownership rights to you or any other person or entity.
Liquide logo, and all other trademarks, service marks, graphics and logos used on Liquide App are registered trademarks of LSPL. Other trademarks, service marks, graphics and logos used in connection with the Linked Websites may be the trademarks of other third parties. Your use of the Liquide App grants you no right or license to reproduce or otherwise use any Liquide or third-party trademarks.
If you believe that material located on or linked to Liquide App violates your copyright, you are encouraged to notify Liquide at email@example.com. Liquide will respond to all such notices, including as required or appropriate by removing the infringing material or disabling all links to the infringing material.
The Liquide App is a social investing platform aiming to create awareness and increase interaction with respect to stocks and share market. We are not licensed to provide investment advice, tax advice, broking services or financial advice.
The function of Liquide is limited to providing access to a communication system over which information made available by users is transmitted amongst users or hosted by way of posts by the users. The Liquide App does not–
(i) initiate the transmission,
(ii) select the receiver of the transmission, and
(iii) select or modify the information contained in the transmission.
The views expressed by the users on the Liquide App are their own, and not that of LSPL or its management.
If any user takes action or makes decisions based on the information on the Liquide App without prior consultation with a qualified, licensed professional, the user does so at his or her own risk and agrees that LSPL shall have no financial liability whatsoever to any user on account of the use of information provided on the App.
LSPL, its affiliates, and partners shall not be liable for any damages or costs of any type arising out of or in any way connected with your use of any service of the Liquide App being provided through Linked Website available on the App. Use of services run by others may be governed by other terms between you and the one running service. Please verify the veracity of all information on your own before undertaking any alliance.
The information and commentaries if any, posted on the App, are not meant to be an endorsement or offering of any stock purchase. They are meant to be a guidance only, which must be treated for information purpose only. The user should use the Information only as a starting point for doing additional independent research in order to allow themselves to form their opinion regarding investments. The Liquide App or any of its employees do not represent themselves as acting in the position of an investment advisor or research analyst for the use of the information in this service. The materials and information in and provided by, the Liquide App are not, and should not be construed as an offer to buy or sell any of the securities named in the posts.
The Content on the Liquide App may include inaccuracies and typographical errors. Liquide does not guarantee the accuracy, adequacy, correctness, lack of viruses or other harmful components or adequacy of any information shared on the Liquide App and is not responsible for any errors or omissions for the results obtained from the use of such information.. Users are expected to refer to other investment resources to verify the accuracy of the data posted on the Liquide App on their own.
The information posted on the Liquide App are compiled from various sources which are not in control of LSPL. Such information is provided "as is” basis, without warranty or condition of any kind, either express or implied. We, expressly disclaim any and all warranties, whether express, oral, implied, statutory or otherwise, of any kind to the users and/or any third party, including any implied warranties of accuracy, timeliness, completeness, merchantability and fitness for a particular purpose, as well as any warranties arising by virtue of custom of trade or course of dealing and any implied warranties of title or non-infringement.
Disclosure of any personal data by you while communicating with other users are at your sole risk. We specifically disclaim any and all liability or loss arising out of wrongful disclosure of your personal data.
Under this Agreement, you assume all risk of errors and/or omissions in the posts of the App, including the transmission or translation of information. You assume full responsibility for implementing sufficient procedures and checks to satisfy your requirements for the accuracy and suitability of the Content available on the App, including the information, and for maintaining any means, which you may require for the reconstruction of lost data or subsequent manipulations or analyses of the information under the Agreement. You agree that LSPL (including its and their officers, directors, employees, affiliates, group companies agents, representatives or subcontractors) shall not in any event be liable for any special, incidental or consequential damages arising out of the use or inability to use the Liquide App for any purpose whatsoever. LSPL and it's affiliates, officers, directors, employees and agents shall have no liability in tort, contract, or otherwise to user and/or any third party.
You shall indemnify, defend and hold harmless LSPL, its affiliates and their respective officers, directors, managers, employees and agents, from any and all claims and losses imposed on, incurred by or asserted as a result of or related to:
(a) your access and use of the App; or
(b) any non-compliance by you with the terms and conditions hereof; or
(c) any third party actions related to your receipt and use of the information.
The information posted on the Liquide App is compiled from various users which are not in control of Liquide and the Liquide App does not pre-screen, approve or endorse any user content. However, upon receiving actual knowledge of any unlawful information on its Liquide App in the form of an order by a court of competent jurisdiction or on being notified by the Appropriate Government or its agency or on being notified by the appropriate Government or its agency in relation to any information which is prohibited under any law for the time being in force, such information shall be removed within thirty-six hours or such other time as stipulated in law from the receipt of the court order or on being notified by the Appropriate Government or its agency, as the case may be.
Further, upon receiving any complaint by the user or any other person on the behalf of user or upon receiving actual knowledge on voluntary basis proper investigation shall be conducted by us in this regard within the timeline stipulated in law.
If, upon investigation, such allegation is found to be true and it is found that the Liquide App was/is being used to commit an unlawful act, then such post shall be expeditiously removed without vitiating the evidence and strict action including suspension of account may be taken against the user who posted the said content.
The Terms are exclusively based on and subject to Indian law. You hereby consent to the exclusive jurisdiction and venue of courts in Mumbai, India in all disputes arising out of or relating to the use of this application. Use of the Liquide App is unauthorized in any jurisdiction that does not give effect to all provisions of these Terms, including without limitation this paragraph.
15. Attorney Fees
If LSPL takes action to enforce any of the provisions of this Agreement, including collection of any amounts due hereunder, We shall be entitled to recover from you (and you agree to pay), in addition to all sums to which it is entitled or any other relief, at law or in equity, reasonable and necessary attorney's fees and any costs of any litigation.
a) unauthorized access
b) if you assign or transfer (or attempt the same) any rights granted to you under this Agreement;
c) if you violate any of the other terms and conditions of this User Agreement
This User Agreement and the license rights granted hereunder shall remain in full force and effect unless terminated or cancelled for any of the following reasons:
Upon termination of this User Agreement, all rights granted to you will terminate and revert to Liquide.
We welcome your feedback, comments and suggestions. If you choose to contribute by sending LSPL or our employees any ideas for products, services, features, modifications, enhancements, content, refinements, technologies, content offerings, promotions, strategies or product/feature names or any related documentation, artwork, computer code, diagrams or other materials (collectively “Feedback”), then regardless of what your accompanying communication may say, you hereby grant Liquide an unrestricted, perpetual, irrevocable, non-exclusive, free of charge, royalty-free right to exploit the Feedback in any manner and for any purpose, including to improve the Services and create other products and services. Feedback is provided on a non-confidential basis, and Liquide is not under any obligation to keep any Feedback you send confidential or to refrain from using or disclosing it in any way. Liquide has no obligation to review, consider or implement your Feedback, or to return to you all or part of any Feedback for any reason.
LSPL reserves the right, at its sole discretion, to modify or replace any part of this Agreement. We will provide you notice of amendments to our terms and update the “Last Modified” date at the top of our Terms. Once we modify the Terms and provide an intimation to you, you shall be required to accept the said revised Terms. If you do not agree to our Terms, as amended, you must stop using our services. Please review our Terms from time to time. Liquide may also, in the future, offer new services and/or features through the Website (including, the release of new functionality, features, tools and resources). Such new functionality/features and/or services shall be subject to the Terms of this Agreement.
19. Refund & cancellation policy
The Refund & Cancellation policy for all payments made towards account opening or any other services using any mode of payment shall stand as under:
- The Fees paid towards account opening charges for enabling access to any services is non-refundable.
- Liquide’s decision on refunds shall be final and binding.
20. Termination of Service