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“AngelOne Limited” hereinafter referred to as “Angel”, having its registered office at 601, 6th floor, Ackruti Star, MIDC, Central Road, Andheri (E), Mumbai – 400 093, and is a member of NSE, BSE, MCX SX, NCDEX and MCX exchanges and is registered with Securities & Exchange Board of India (SEBI) as a stock broker under single SEBI registration number INZ000161534. Throughout these terms, Angel may also be referred to as “We”, “Our”, or “Us”.

“Policies” refer to the policies and procedures available on the websites and applications of Angel and its group companies.

"Client" is any individual or entity with an exchange approved UCC (Unique Client Code) account with Angel, eligible to trade various securities through Angel (in compliance with various exchange and SEBI regulations, and applicable laws).

“ Smart API” is a suite of API, developer services, and associated software offerings collectively referred to as "APIs". The APIs provide programmatic access (including, but not limited to placing, modifying and cancelling orders; managing funds and portfolios; accessing order and account related information etc.) to various exchanges via Angel using a Client account.

These terms and any additional terms within the accompanying API documentation, and any applicable policies and guidelines as concerning the use of the APIs are collectively referred to as the "Terms".

These Terms are an agreement between "You" (accessor and consumer of the APIs) and Angel, the stock broker offering broking services via the APIs. You may be an Angel Client yourself, or You may be an entity registered as Authorised Person (AP) with Angel and offering the APIs in turn to other Angel Clients as end users.

1) Account and registration

a) Accepting the Terms

You may not use the APIs and may not accept the Terms if You are not of legal age to form a binding contract with Angel, or (b) You are a person barred from using or receiving the APIs under the applicable laws of India or other countries including the country in which You are resident or from which You use the APIs.

b) Entity Level Acceptance

If You are using the APIs on behalf of an entity, you represent and warrant that You have the authority to bind that entity to the Terms and by accepting the Terms, you are doing so on behalf of that entity (and all references to "you" in the Terms refer to that entity).

c) Registration

In order to access certain APIs, You may be required to provide certain information (such as identification or contact details) as part of the registration process for the APIs, or as part of your continued use of the APIs. Any registration information you give to Angel will always be accurate and up to date and You'll inform us promptly of any updates. Angel can store and disseminate such information as per its Policies.

d) Representations and Undertakings

You hereby represent and warrant that, on or before the date of acceptance of these Terms, You have not:

engaged in providing recommendations, of any kind whatsoever, directly or indirectly, in respect of or related to a security or securities; and/or
made any claim, of returns or performance expressly or impliedly, in respect of or related to a security or securities; and/or
acted in any manner contrary to applicable laws, regulations, by-laws, circulars or guidelines issued by Securities and Exchange Board of India (“SEBI”) and relevant Stock Exchanges that Angel is affiliated with.

By agreeing to these Terms, You further agree and undertake that You shall not:

engage in any advisory activity or provide recommendations, of any kind whatsoever, directly or indirectly, in respect of or related to a security or securities unless duly registered with SEBI to provide such advice or recommendations; and/or
make any claim, of returns or performance expressly or impliedly, in respect of or related to a security or securities unless otherwise being permitted by SEBI to make such claims; and/or
act in any manner contrary to applicable laws, regulations, by-laws, circulars or guidelines issued by SEBI and relevant Stock Exchanges that AOL is affiliated with.

2) API usage

The APIs are meant to be used for building innovative investment and trading platforms ("IBT" - Internet Based Trading) with the greater goal of increasing capital market participation in India. This may be for personal use, where You, a Client, develops a private interface exclusively for customising personal trading and investment experience, or this may for building a trading platform which in term will be offered to the public, other Clients of Angel. Development of trading platforms are bound by various norms and regulations stipulated by various exchanges and SEBI. You are responsible for ensuring that you adhere to these platform guidelines and regulations, and seeking appropriate regulatory approvals if necessary. If You seek to obtain exchange approvals for your platform as Angel's in-house platform, Angel will provide the necessary assistance

a) Permitted access

You will only access (or attempt to access) an API by the means described in the documentation of that API. Any circumvention of the methods described in the documentation may result in the termination of your access to the APIs.

b) API rate-limiting

Angel may set limits on your use of the APIs (for instance, limiting the number of requests sent to a particular API) manually or via automated checks to ensure the stability of the APIs.

If You need to use the APIs beyond the limits imposed by Angel, you have to obtain express consent from Angel by writing to the relevant department (Angel may decline or accept such a request based on various factors).

c) Exclusivity

The API Terms are non-exclusive. You acknowledge that Angel may develop products or services that may be similar and may be in direct or indirect competition with any platform that is built using the APIs.

d) Tracking and monitoring

By using the APIs, you agree that Angel may monitor, track, and record all interactions and requests happening via the API, your own and your end users, for the purpose of ensuring stability, security, and reliability of the API.

e) Automated trades

The APIs are not meant for placing fully automating trades (without manual intervention). If you wish to use the APIs for full automation, you should seek necessary approvals from the exchange. Angel can provide the necessary assistance in obtaining approvals.

f)Real time price data

Any real time price data shared by Angel to You will be used for executing Your transactions in the securities market and You acknowledge that such data is required for orderly functioning of the securities market. Further, You agree and acknowledge that such real time price data share by Angel to You shall not be used for any virtual trading or gaming services that may be enabled through the API.

3) Your end users

You may use the APIs to build platforms which You may in turn offer to other Clients of Angel (after obtaining the required exchange approvals). Angel will not be held responsible for the losses suffered by the client or You, arising from technical malfunctions of your platform or the APIs. Your end users, Angel's Clients, are bound primarily by the terms and conditions they agreed to at the time of their account registration with Angel, over and above the terms they may have agreed to when starting to use your platforms.

a) Ownership

As the APIs are restricted to--and only work with--the accounts of Angel clients, all end users You offer your API-enabled platforms to, are Angel's Clients. Any new user that You may refer to Angel (who in turn opens an account with Angel on their own volition) for the purpose of offering your platform, is also Angel's Client. While You may promote your services to the Client, you may not claim any exclusivity to the Client or their data. Angel may offer any service or offering to any of its existing clients, including Clients referred by you, at any time.

b) User Privacy

You will comply with all the applicable privacy laws and regulations including those related to your end users. You will adhere to Angel’s privacy policy and provide a privacy policy for your end user that is clear and accurate.

4) Prohibitions and confidentiality

a) API Prohibitions

When using the APIs, you may not (or allow those acting on your behalf to):

Sublicense the APIs for use by a third party.
Perform an action with the intent of introducing to Angel’s products and services, any viruses, worms, defects, Trojan horses, malware, or any items of destructive nature.
Defame abuse, harass, stalk, or threaten others.
Interfere with or disrupt the APIs or the servers or networks providing the APIs
Promote or facilitate unlawful online gambling or disruptive commercial messages or advertisements.
Reverse engineer or attempt to extract the source code from any API or any related software, except to the extent that this restriction is expressly prohibited by applicable law
Use the APIs to process or store any data that will in turn invade the privacy of the end user.
Remove, obscure, or alter any Angel terms of service or any links to or notices of those terms.
Use the real time price data shared by Angel without prior consent of Angel.

b) Confidentiality

Your credentials (such as passwords, API keys and secrets, and Client IDs) are intended to be used only by you. You will keep your credentials confidential and make reasonable efforts to prevent and discourage other API Clients from using your credentials. Angel's communications to you may contain confidential information which includes any materials, communications, and information that are marked confidential or that would normally be considered confidential under the circumstances. If you receive any such information, then you will not disclose it to any third party without Angel’s prior written consent.

Unless expressly permitted by Angel or by the applicable laws, you will not, and will not permit your end users or others acting on your behalf to, do the following with content returned from the APIs

Scrape, build databases, or otherwise create permanent copies of such content, or keep cached copies with the intent of redistributing.
Copy, translate, modify, create a derivative work of, sell, lease, lend, convey, distribute, publicly display, or sublicense to any third party
Misrepresent the source or ownership; or
Remove, obscure, or alter any copyright, trademark, or other proprietary rights notices; or falsify or delete any author attributions, legal notices, or other labels of the origin or source of material.

5) Costs and revenue

a) Costs

Angel may charge You for using the APIs, or parts of it selectively. These charges may be fixed or variable, and are at the sole discretion of Angel. Angel may also propose additional charges to You, (based on your usage of the APIs and on a case-by-case basis) for the continued use of the APIs. You may write to the relevant department to discuss a pricing suitable for You (Angel may decline or accept such a request based on various factors).

b) Non-refundable charges

Any charges once paid (one-off or on-going) for the use of APIs or any of its subsets are non-refundable.

c) Sharing of revenue

Angel may share revenue with You (bound by the terms set forward by various exchanges and SEBI) for referring clients to Angel via the API, or for offering other services. You may write to the relevant department to discuss a revenue sharing model You desire (Angel may decline or accept such a request based on various factors).

6) Liability of the APIs

a) Uptime

The API response and account access times may vary due to a variety of factors, including, but not limited to, trading volumes, market conditions, system performance, technical and other factors. Market volatility, volume and system availability may delay account access and trade executions. The uptime and availability of the APIs may be affected by technical or other factors within or outside of Angel's control, or unforeseen circumstances including natural disasters.

b) No guarantees or warranties

Angel does not make any promises, commitments, guarantees about the APIs or related offerings. When permitted by law, Angel will not be responsible for lost profits, revenues, or data; financial losses; or indirect, special, consequential, exemplary, or punitive damages. To the extent permitted by law, Angel exclude all warranties, guarantees, conditions, representations, and undertakings.

c) Limitation of Liability

When permitted by law, Angel, will not be responsible for lost profits, revenues, or data; financial losses; or indirect, special, consequential, exemplary, or punitive damages. In all cases, Angel will not be held liable for expense, loss or damage that is not reasonably foreseeable.

7) Termination

a) Termination

These Terms shall remain valid and continue to be operative for the entire duration during which You access or use the APIs, or until terminated by Angel, whichever is earlier. Your rights under these Terms will terminate automatically or otherwise cease to be effective without notice from Angel if You fail to comply with any terms and conditions under these Terms.

You agree and acknowledge that, in addition to any other remedy or recourse in law, Angel reserves the right to terminate these Terms and any other arrangements with You with immediate effect and without You having any recourse to Angel as a consequence thereof: (i) if it is determined by Angel in its sole discretion that You have failed to adhere with and undertake Your obligations under these Terms, or (ii) if any the representations or declarations made by You are at any point in time found to be untrue, or (iii) if Angel is mandated to do so by an order of any statutory, regulatory or judicial body, including but not limited to SEBI and/or any Stock Exchange.

b) Surviving provisions

When the Terms come to an end, those terms that by their nature are intended to continue indefinitely will continue to apply.

8) Indemnification

You agree to indemnify and hold Angel service providers, syndicators, distributors, licensors, officers, directors and employees, against all liabilities, damages, losses, costs, fees (including legal fees) and expenses relating to any allegation or third – party legal proceeding to the extent arising from:

Technical faults or the limitations of the APIs.
Your misuse or your end user's misuse of the APIs including any real time price data shared by Angel.
Your violation or your end user's violation of the Terms; or
Your breach of any of Your representations, warranties or undertakings; or
Any content or data routed into or used with the APIs by you, those acting on your behalf, or your end users.

9) Governing law/forum

These Terms shall be governed and interpreted by the laws of the Union of India. Only courts in Mumbai (Maharashtra) shall have the jurisdiction for the resolution of any disputes hereunder. Both parties hereby consent to such personal and exclusive jurisdiction

10) Disclaimer

‘Investments in securities market are subject to market risks, read all the related documents carefully before investing.’

Brokerage will not exceed the SEBI prescribed limit.

Statutory Levies and Taxes will be levied to the clients as prescribed by the regulators.

AngelOne Limited (formerly known as Angel Broking Private Limited), Registered Office: 601, 6th floor, Ackruti Star, MIDC, Central Road, Andheri (E), Mumbai - 400 093. Tel: (022)42319600 .Fax: (022) 42319607, CIN: L67120MH1996PLC101709, SEBI Regn. No.: INZ000161534-BSE Cash/F&O/CD (Member ID: 612), NSE Cash/F&O/CD (Member ID: 12798), MSEI Cash/F&O/CD (Member ID: 10500), MCX Commodity Derivatives (Member ID: 12685) and NCDEX Commodity Derivatives (Member ID: 220), CDSL Regn. No.: IN-DP-384-2018, PMS Regn. No.: INP000001546, Research Analyst SEBI Regn. No.: INH000000164, Investment Adviser SEBI Regn. No.: INA000008172, AMFI Regn. No.: ARN–77404, PFRDA Registration No.19092018. Compliance officer: Mr. Bineet Jha, Tel: (022) 39413940 Email: compliance@angelbroking.com

THESE TERMS REQUIRE ACCEPTANCE TO PROCEED TO UTILISATION OF THE APIs. YOU HEREBY AGREE, UNDERTAKE AND ACKNOWLEDGE THAT YOU HAVE CAREFULLY READ, UNDERSTOOD AND AGREED TO COMPLY WITH THESE TERMS AT ALL TIMES. BY CONTINUING FURTHER, YOU AGREE THAT THESE TERMS WILL FORM A LEGALLY BINDING DOCUMENT BETWEEN YOU AND ANGEL AND THESE TERMS DOES NOT REQUIRE A PHYSICAL/DIGITAL SIGNATURE. THESE TERMS SHALL NOT BE INVALIDATED SOLELY ON THE GROUND THAT IT IS NOT PHSYICALLY SIGNED.