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Most Important Terms and Conditions (MITC)

This document sets out the most important terms and conditions governing the research services provided by CandleSignals, the research services brand of B-CUBE Consulting Private Limited.The same substantive MITC is presented to clients through the CandleSignals eKYC and onboarding portal for review and electronic acceptance and forms part of the contractual framework governing the relationship between the Client and the Research Analyst.

Estimated reading time: 20–25 minutes

ParticularDetails
DocumentMost Important Terms and Conditions (MITC)
Version1.0
Effective Date1st July 2026
Last Reviewed21 July 2026
Applicable ToAll clients availing research services
Regulatory FrameworkSEBI (Research Analysts) Regulations, 2014

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Access all regulatory disclosures, investor information, grievance mechanisms, statutory policies and accessibility documents published by CandleSignals.

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1. REGISTRATION DETAILS

The Research Analyst (“RA”) is registered with the Securities and Exchange Board of India (“SEBI”) under the SEBI (Research Analysts) Regulations, 2014 and is authorized to provide Research Analyst Services in accordance with applicable laws, regulations, circulars, guidelines, and directions issued by SEBI from time to time.

Research Analyst:
B-CUBE CONSULTING PRIVATE LIMITED

SEBI Registration No.: INH000027016

Registration granted by SEBI, certification from NISM, enlistment with the Research Analyst Administration and Supervisory Body (RAASB), or any other recognition shall not in any manner guarantee the performance of the Research Analyst or assure returns to investors.

2. NATURE OF RESEARCH SERVICES

Research Analyst Services may include:

  • Research Reports
  • Investment Recommendations
  • Market Analysis
  • Company Research
  • Sector Research
  • Fundamental Analysis
  • Technical Analysis
  • Model Portfolios
  • Investment Ideas
  • Other research-related services permitted under applicable regulations

 

Research recommendations represent professional opinions based upon information available at the time of issuance and should not be construed as guarantees of performance or returns.

3. RESEARCH ANALYST CANNOT EXECUTE TRADES

The Research Analyst cannot and shall not:

  • Execute trades on behalf of the Client;
  • Place orders on behalf of the Client;
  • Modify orders on behalf of the Client;
  • Square off positions on behalf of the Client;
  • Operate the Client’s bank account, trading account, or demat account.

 

All investment and trading decisions shall remain solely with the Client.

4. CLIENT'S INDEPENDENT JUDGMENT AND SUITABILITY

The Client acknowledges that:

  • All investment decisions shall be taken solely by the Client.
  • Research recommendations may not be suitable for every investor.
  • The Client shall independently assess the suitability of any recommendation before acting upon it.
  • The Client should consider personal financial circumstances, investment objectives, risk tolerance, liquidity requirements, and tax implications before making investment decisions.

5. NO ASSURANCE OF RETURNS

The Client understands and acknowledges that:

  • Investments in securities markets are subject to market risks.
  • Research recommendations do not assure returns.
  • The Research Analyst does not guarantee profits, returns, capital appreciation, capital protection, or achievement of investment objectives.
  • Market conditions may change without notice and may affect investment outcomes.

6. PAST PERFORMANCE DISCLAIMER

Past performance is not indicative of future performance.

Historical returns, back-tested performance, simulated performance, model portfolio performance, hypothetical returns, and historical analysis may differ significantly from future actual results.

7. FEES AND CHARGES

Fees shall be charged strictly in accordance with applicable SEBI regulations and circulars.

The Client understands that:

  • Fees charged by the Research Analyst shall be subject to limits and conditions prescribed by SEBI from time to time, including limits applicable to Individual and HUF Clients wherever prescribed.
  • Advance fees, if any, shall not exceed limits prescribed under applicable regulations.
  • Applicable taxes and statutory levies may be charged separately.

Detailed fee-related provisions are contained in the Fee Policy and Research Analyst Services Agreement.

8. REFUND POLICY

In case of premature termination of Research Services:

  • The Client shall be entitled to a proportionate refund for the unexpired period of subscription.
  • No breakage charges shall be levied.
  • If the registration of the Research Analyst is suspended, cancelled, surrendered, or otherwise becomes inoperative in circumstances requiring discontinuation of services, fees shall be refunded on a pro-rata basis for the balance subscription period, in accordance with applicable regulations.

Detailed refund provisions are contained in the Research Analyst Services Agreement and Fee Policy.

9. CLIENT CONSENT BEFORE SERVICE AND FEE COLLECTION

The Research Analyst shall not render Research Services or collect fees until:

  • The Client has accepted the applicable onboarding documents;
  • Required consents have been obtained; and
  • Applicable onboarding and compliance requirements have been completed.

Acceptance may be obtained through physical signature, electronic signature, Aadhaar-based e-sign, DigiLocker-enabled e-signature, OTP-based acceptance, or any other legally permissible mode.

10. PAYMENT SAFETY ADVISORY

The Client shall make payments only through officially communicated payment channels of the Research Analyst.

The Client is advised to verify:

  • Bank account details;
  • UPI IDs;
  • Payment links; and
  • QR codes

through official communication channels before making any payment.

The Research Analyst shall not be responsible for payments made to unauthorized persons, fraudulent accounts, fake payment channels, or third parties not officially designated by the Research Analyst.

11. NO PORTFOLIO MANAGEMENT SERVICES, NO CUSTODY, AND NO POWER OF ATTORNEY

The Client acknowledges that:

  • The Research Analyst is not providing Portfolio Management Services (PMS).
  • The Research Analyst shall not manage funds or securities on behalf of the Client.
  • The Research Analyst shall not exercise discretionary authority over the Client’s investments.
  • The Research Analyst shall not receive, hold, manage, or custody client funds or securities.
  • The Research Analyst shall not seek or accept any Power of Attorney from the Client.

12. RISK DISCLOSURE

The Client understands and acknowledges that:

  • Investments in securities markets are subject to market risks.
  • Recommendations do not assure returns.
  • The Client may suffer partial or complete loss of invested capital.
  • Securities markets are subject to various risks including market risk, liquidity risk, volatility risk, regulatory risk, economic risk, sectoral risk, company-specific risk, and other risks.

 

The Client is advised to carefully read the Risk Disclosure Document before availing Research Services.

13. GRIEVANCE REDRESSAL MECHANISM

For any grievance relating to Research Services, the Client may contact:

Compliance Officer

Name: Sailaja Boddu
Email: sailaja.b@b-cube.in
Mobile: +91 7680990168

If the grievance remains unresolved, the Client may approach:

  • SCORES (SEBI Complaints Redress System)
  • Research Analyst Administration and Supervisory Body (RAASB)
  • Online Dispute Resolution (ODR) Platform
  • Any other mechanism prescribed by SEBI from time to time

14. MANDATORY DISCLAIMER

Investments in securities markets are subject to market risks. Read all related documents carefully before investing.

15. CLIENT ACKNOWLEDGEMENT

I/We hereby acknowledge and confirm that:

  1. I/We have carefully read and understood this Most Important Terms and Conditions (MITC).
  2. I/We understand that investments in securities markets are subject to market risks.
  3. I/We understand that Research Analyst recommendations do not assure returns.
  4. I/We understand that the Research Analyst cannot execute trades on my/our behalf.
  5. I/We shall exercise independent judgment before making investment decisions.
  6. I/We voluntarily choose to avail Research Analyst Services after understanding the contents of this MITC.

Note: This page is published for transparency and investor reference. Clients subscribe to CandleSignals research services only after completing the electronic onboarding process on the CandleSignals eKYC platform, where acceptance of this Agreement and other applicable regulatory documents is obtained electronically.