Term & Service

Payment to the Sellers will be made in only an online mode withinThe terms and conditions published herein are electronic records in terms of Information Technology Act, 2000 and rules there under as applicable and the amended provisions pertaining to electronic records in various statutes as amended by the Information Technology Act, 2000. These electronic records are generated by a computer system and do not require any physical or digital signatures. The terms and conditions published herein are in accordance with the provisions of Rule 3 (1) of the Information Technology (Intermediaries guidelines) Rules, 2011 which require publishing the rules and regulations, privacy policy and Terms and Conditions for access or usage of computer resource by any person.

1. WELCOME TO UNIZON

About “Unizon”

www.unizon.in is owned and managed by Unizon Fintech Private Limited a company duly incorporated under the provisions of the Companies Act, 2013 having its registered office at B-1/E-13 Mohan Co-operative Industrial Estate, Mathura Road, New Delhi-110044.

The Website provides Buyers and Sellers to purchase/ sell unlisted/ Pre-IPO securities from Unizon.

These terms and conditions shall be construed as contractual terms between the Buyers/ Sellers and Unizon and in case of any dispute between the Buyers / Sellers and Unizon, the provisions of Indian Contract Act, 1882 will be applicable.

1.1 Introduction

Welcome to Unizon's terms and conditions. These terms and conditions (“Terms and Conditions”), are between Unizon and Buyes/ Sellers. By accessing our website: www.Unizon.in and/or our app ‘Unizon’ (“App”), Website and App together shall be referred to as “Unizon Platform”, you agree to be bound by the provisions of these Terms and Conditions.

Buyers’ and Sellers’ use of the Website is governed by the following terms and conditions as applicable to the Website including the applicable policies which are incorporated herein by way of reference. If the Buyers / Sellers transact on the Website, they shall be subject to the policies that are applicable to the Website for such transaction and shall also be bound by the terms and conditions as well as these policies, which constitute a valid contract between Buyers/ Sellers and Unizon.

For the purposes of these Terms and Conditions, wherever the context so requires "Buyer" and “Seller” shall mean any natural or legal person who has agreed to become a buyer/ seller on the Website by providing data for registering on the Website as Registered Buyer/ Seller using the computer systems. Unizon allows a Buyer/ Seller to surf the Website without registering on the Website, however to make purchases/ sales, the Buyer / Seller must be registered on the Website. In the context of these Terms and Conditions, all terms used such as, including but not limited to, "digital signature", "data", "computer", "computer systems", "information", "electronic records" shall have similar meaning as prescribed under Information Technology Act, 2000.

When the Buyers / Sellers place an order for purchase/sale of securities through the Website, the Buyers/ Sellers will be subject to the rules, guidelines, policies, terms and conditions applicable to such purchase/sale of securities and they shall be deemed to be incorporated into these Terms and Conditions and shall be considered as part and parcel of these Terms and Conditions.

1.2. Modifications to Terms of Use

Unizon reserves the right, at its sole discretion, to change, modify, add or remove portions of these Terms and Conditions, at any time without any prior written notice to the Buyers/ Sellers. Any changes addressing new functions or Services (“Services catered through the Unizon platform”) or changes made for legal reasons will be effective immediately. It is Buyers’ / Sellers’ responsibility to review these Terms and Conditions periodically for updates / changes. Buyers’ / Sellers’ continued use of the Website following the posting of changes will mean that the Buyers/ Sellers accept and agree to the revisions. As long as the Buyers / Sellers comply with these Terms and Conditions, Unizon grants the Buyers/ Sellers a personal, non-exclusive, non-transferable, limited privilege to enter and use the Website.

1.3 Privacy

At Unizon, we respect the privacy of our Users. For details, please see our Privacy Policy. It is clarified that the Privacy Policy forms an integral part of these Terms and Conditions of Use and should be read contemporaneously with the Terms and Conditions. Illegality or unenforceability of one or more provisions of these Terms and Conditions shall not affect the legality and enforceability of the other Terms and Conditions. For the avoidance of doubt, if any of the provisions become void or unenforceable, the rest of the provisions of these Terms and Conditions shall be binding upon the User.

ACCESSING, BROWSING OR OTHERWISE USING THE SITE INDICATES BUYERS’ / SELLERS’ AGREEMENT TO ALL THE TERMS AND CONDITIONS, SO PLEASE READ THE TERMS AND CONDITIONS CAREFULLY BEFORE PROCEEDING. By impliedly or expressly accepting these Terms and Conditions, the Buyers/ Sellers also accept and agree to be bound by Unizon’s policies (including but not limited to Privacy Policy etc.) as amended from time to time.

2. ELIGIBILITY FOR REGISTRATION ON THE WEBSITE

Use of the Website is available only to persons who can execute legally binding contracts under Indian Contract Act, 1872. Persons who are "incompetent to contract" within the meaning of the Indian Contract Act, 1872 including minors, persons of unsound mind, un-discharged insolvents etc. are not eligible to use the Website. If a Buyer/ Seller is a minor i.e., under the age of 18 years, the Buyer/ Seller shall not register as a Buyer/ Seller on Website and shall not transact on or use the Website. As a minor if a Buyer/ Seller wishes to use or transact on the website, such use or transaction may be made by Buyer’s / Seller’s legal guardian or parents on the Website. You also acknowledge that Unizon does not have the responsibility of ensuring that you meet the aforesaid requirements. You agree to comply with all applicable laws when using the Services, and you may only use the Services for lawful purposes. Unizon reserves the right to terminate Buyers’ / Sellers’ registration/account and/or refuse to provide a Buyer/ Seller with access to the Website, if it is brought to Unizon’s notice or if it is discovered that the Buyer/ Seller is under the age of 18 years.

3. BUYERS’ / SELLERS’ ACCOUNT AND REGISTRATION OBLIGATIONS

If the Buyers/ Sellers use the Website and register as Buyers/ Sellers, they themselves shall be responsible for maintaining the confidentiality of their Display Name and Password and they themselves shall be responsible for all activities which occur under their Display Name and Password. The Buyers/ Sellers agree that if they provide any information that is untrue, inaccurate, not current or incomplete or Unizon has reasonable grounds to suspect that such information is untrue, inaccurate, not current or incomplete, or not in accordance with these Terms and Conditions, Unizon shall have the right to indefinitely suspend or terminate or block access of such Buyers’ / Sellers’ registration/account on the Website and refuse to provide such Buyers/ Sellers with access to the Website. As a registered User, in such an event, you may contact our support team to assist you/resolve the situation. Please note that if such situation arises, shares already procured by you, they would continue to remain in your DEMAT Account, and not accessible by Unizon.

4. BUYERS/SELLERS’ UNDERTAKING

When you use our website, you are representing to us that:

Your use of the website shall not violate any applicable law or regulation, and that you fulfil the eligibility criteria set forth under above stated point 2.
All registration information you submit is truthful, complete, and accurate and you agree to maintain accurate, complete, and up-to-date information in your Account.
You are responsible for all activity that occurs under your Account. Unless otherwise permitted by Unizon in writing, you may only possess one Account.
You are responsible for maintaining the confidentiality of the access Unizon credentials (login and/ or password) of your account and are fully responsible for all activities that occur under your Account. You agree to immediately notify us of any unauthorized use of your passcode or Account or any other breach of security.
Your use of the website, or its content is only for personal purposes. By using the website Services, you hereby agree that you are aware and responsible for all transactions taking place through your Account. This includes the payments made to Unizon under the selected payment methods that are not in the name of the Account Holder, but in the name of a family member, friend, or acquaintance. By making such payment that does not belong to You, you assume responsibility for the transactions that have taken place through the Unizon website for the payment that is made by You using the website Services.
Your personal and non-commercial use of the website prevents you from decompiling, reverse engineering, disassembling content, removing any intellectual property right associated with our website, including copyright, trademarks, trade secrets, designs, and patents, or other proprietary notices.
You shall not access or use the website in any manner that may be harmful to the operation of the App/web portal or its content.
You shall not use any product or Service available on the website for commercial purposes or use the website Services in any way that is unlawful, or harms Unizon or any other person or entity.
Your use of Unizon shall indicate that you have provided consent to automatically receive requested updates such as bug fixes, patches, enhanced functions, missing plug-ins, and new versions (collectively, ‘Updates’), for the purpose of effective delivery of website Services. Please note that your continued use of the App/web portal following such Updates would mean deemed acceptance by you of the same.
You understand and accept that not all products, Services and rewards offered on this website are available in all geographic areas and you may not be eligible for all the products, Services and rewards offered by Unizon on the application. Unizon reserves the right to determine the availability and eligibility for any product, Services and rewards offered on the website.
You shall request Unizon, to block the Account and change the passcode immediately for the Account, if your Device has been lost or stolen or hacked.

4. VIOLATION OF TERMS OF USE / SUSPICIOUS ACTIVITY

If we believe that you have violated any of the conditions as mentioned under these Terms or our Privacy Policy, we reserve the right to suspend your access to the website and/or delete your Account without prior notice to You. If we have reason to believe that there is suspicious or unusual activity being carried out through your account, we may temporarily or permanently suspend your access to the website Services. You may reach out to the Unizon support team to assist you with any query or question arising because of the afore-mentioned suspension/ deletion to resolve the same. You may end your legal agreement with Unizon at any time by discontinuing the use of the website Services.

5. COMMUNICATIONS

When the Buyers/ Sellers use the Website or send emails or other data, information or communication to us, the Buyers/ Sellers agree and understand that they are communicating with Unizon through electronic records and they consent to receive communications via electronic records from Unizon periodically and as and when required. Unizon may communicate with the Buyer/ Sellers by email or by such other mode of communication, electronic or otherwise.

6. PLATFORM FOR TRANSACTION AND COMMUNICATION

www.unizon.in is a platform that buyers/ sellers utilize to buy/sell securities of various unlisted/pre-IPO/start-up companies owned by Unizon Fintech Private Limited through its app/ website.

a. The Buyer/Seller can take a close look at the Website for a complete description of the securities. However, the data and information pertaining to securities available on the Website are extracted from the sources available on the public domain including official website of Ministry of Corporate Affairs (MCA) and other government websites. Despite all precautions by Unizon, there may be inadvertent errors, and Unizon shall not, under any circumstances, be held liable.

b. The Buyers/ Sellers shall be responsible for any non-performance or breach of any contract entered into between a Buyer/ Seller and Unizon.

c. Unizon attempts to keep the elements mentioned on its website accurate and complete. In Particular, the information about the quantity, DP ID, face value, pricing, mode, minimum lot size and other specifications is subject to change without notice. It is possible that there could be errors or omissions in the information provided on this website. The information could also be incomplete. Unizon is not responsible for any errors, omissions or representations on any of Unizon’s pages or any links on any of Unizon’s pages.

7. CHARGES

Registration on the Website is free for Buyers/ Sellers. Unizon does not charge any fee for browsing and buying on the Website, however Unizon will sell “Research Reports” on the portal on payment basis. Unizon reserves the right to change its Fee Policy from time to time. In particular, Unizon may at its sole discretion introduce new Services and modify some or all of the existing Services offered on the Website. In such an event, Unizon reserves the right to introduce fees for the new Services offered or amend/introduce fees for existing Services, as the case may be. Changes to the Fee Policy shall be posted on the Website and such changes shall automatically become effective immediately after they are posted on the Website.

7. CHARGES

8. TAX LIABILITY

You hereby agree to comply with all applicable tax laws in connection with your use of the website Services, including without limitation, the reporting and payment of any taxes arising in connection with payments made through the website, or funds/income received through the website Services.

9. LIMITATION OF LIABILITY

In no event shall Unizon, its officers, owners, directors, employees and agents, be liable to you or any third party for any special, incidental, indirect, consequential or punitive damages or losses whatsoever, or damages for loss of data or profits, goodwill, and/ or other intangible loss, whether or not foreseeable and regardless of whether Unizon has been advised of the possibility of such damages.

In no event shall Unizon’s total cumulative liability to You in connection with the website Services for all damages, losses and causes of action, arising from or relating to these terms and conditions exceed the net charges and profits Unizon has received and retained from your valid transactions during the 1 month period immediately preceding the date of the claim.

10. DISPUTES RESOLUTIONS POLICY

Generally, transactions are conducted smoothly on the website. However, there may be some cases where the Buyers/sellers and/or Unizon may face issues. Unizon provides Dispute Resolution process in order to resolve disputes between Parties. For detailed information, visit Policy document page.

11. INDEMNITY

You agree to release, indemnify and hold Unizon and its affiliates and their officers, employees, directors and agent harmless from any and all losses, damages, expenses, including reasonable attorneys' fees, rights, claims, arising out of or relating to your use of the Services.

12. OTHER BUSINESSES

Unizon does not take responsibility or liability for the actions, products, content and Services on the Website, which are linked to Affiliates and / or third-party websites using Website's APIs or otherwise. In addition, the Website may provide links to the third-party websites of Unizon’s affiliated companies and certain other businesses for which, Unizon assumes no responsibility for examining or evaluating the products and Services offered by them. Unizon does not warrant the offerings of, any of these businesses or individuals or the content of such third-party website(s). Unizon does not endorse, in any way, any third-party website(s) or content thereof.

13. CONTACT US

If you have any concerns, complaints or grievances about the terms and conditions, please feel free to contact the Grievance Officer any time at:

Email:

Additions

Unizon is NOT a stock exchange or a trading platform recognised by the Securities Exchange Board of India (SEBI) under the Securities Contract (Regulation) Act, 1956. Unizon is a platform to buy or sell unlisted shares of Pre-IPO companies and Startups in India from Proprietary books of Unizon fintech Pvt Ltd.
ALL MATERIALS ARE PROVIDED " AS IS," MAY NOT BE RELIED UPON FOR ANY PURPOSE, AND ARE NOT SUBJECT TO EXPRESS OR IMPLIED WARRANTIES OF ANY KIND. The information, content and/ or material available on this Website is solely for the purpose of general information and general interest. Unizon make no representations or warranties with regard to the Materials' accuracy, completeness, non-infringement or fitness for a particular purpose. User should be aware that a significant portion of the Materials include or consist of information that has been provided by third parties and has not been validated or verified by Unizon. In connection with our investment activities, Unizon often become subject to a variety of confidentiality obligations to funds, investors, portfolio companies and other third parties. Any statements we make may be affected by those confidentiality obligations, with the result that we may be prohibited from making full disclosures. Without limitation on the effect of other warnings and disclaimers set forth in these Terms, User should interpret any statements unizon make in that context
Nothing on this Website is intended to constitute (i) an offer, or solicitation of an offer, to purchase or sell any security, other asset or service, (ii) investment advice or an offer to provide such advice, or (iii) a basis for making any investment decision.