Investment Terms & Regulatory Compliance
1. Regulatory Framework: This investment scheme is governed by the following applicable laws:
- Companies Act, 2013 - Section 73 & 76: Acceptance of deposits from members and public
- SEBI (Issue and Listing of Debt Securities) Regulations, 2008
- Income Tax Act, 1961 - Section 194A: TDS on interest payments
- Prevention of Money Laundering Act, 2002 (PMLA) - KYC compliance
- Indian Contract Act, 1872 - Legally binding agreement
- Information Technology Act, 2000 - Digital signatures and electronic records
2. Investment Terms:
- Interest Rate: 3% per month (36% per annum) - Simple Interest
- Minimum Lock-in Period: 3 months (1 quarter)
- Withdrawal Notice Period: 30 or 45 days as selected at investment time
- Partial Withdrawal: Allowed after lock-in period
- Emergency Withdrawal: Available with penalty of 2 months interest forfeiture
3. Tax Implications (Section 194A of Income Tax Act, 1961):
- TDS @ 10% will be deducted on interest exceeding ₹40,000 per annum (₹50,000 for senior citizens)
- Investors without PAN will be subject to TDS @ 20% as per Section 206AA
- Interest income is taxable under "Income from Other Sources"
- Form 15G/15H can be submitted for TDS exemption if applicable
4. KYC Compliance (PMLA, 2002): All investors must complete KYC by submitting:
- PAN Card (mandatory for all investors)
- Aadhar Card (for identity and address proof)
- Bank account details for interest payouts
5. Disclaimers:
- This is an unsecured investment and not covered by DICGC or any government guarantee
- The company reserves the right to modify interest rates with 30 days notice
- Jurisdiction for any disputes: Morbi, Gujarat
- All investments are subject to company's internal policies and regulatory changes
- Misrepresentation or fraudulent documents will lead to immediate termination
6. Investor Declaration: I hereby declare that:
- The information provided is true and correct to the best of my knowledge
- I have read and understood all terms and conditions
- The investment funds are from legitimate sources and not proceeds of crime
- I will inform the company of any changes in my personal or bank details
- I have not been declared insolvent or bankrupt
Last Updated: 04 June 2026