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Last updated: 2025-09-24

ALGOKART — TERMS OF USE

 

These Terms of Use (the “Terms” or “Agreement”) govern access to and use of the AlgoKart platform, websites, mobile applications, interfaces, and related services (collectively, the “Platform”). The Platform is owned and operated by Neelamay Technologies Private Limited, an Indian company incorporated under the Companies Act, 2013 (“Neelamay,” “we,” “us,” “our”). “AlgoKart” is a brand/product of Neelamay.

By accessing or using the Platform in any manner—including browsing, creating an account, uploading or listing strategies, subscribing to strategies, or integrating a broker account—you agree to be bound by these Terms. If you do not agree, do not access or use the Platform.

1. DEFINITIONS

  • “Investor/User” means a natural person or entity accessing the Platform to view, evaluate, subscribe to, or execute signals from strategies.

  • “Vendor/Strategy Provider” (“Vendor”) means a natural person or entity listing, publishing, or distributing algorithmic trading strategies, content, signals, research, or related materials on or through the Platform.

  • “Strategy” means any algorithm, rules, parameters, signals, alerts, documentation, research, code, models, or materials published or made available by a Vendor.

  • “Broker Integration” means any connection between the Platform and third-party brokerage or execution systems (e.g., Zerodha, Upstox, Angel, Dhan) through APIs or otherwise.

  • “Backtest(s)” means performance simulations computed on historical data subject to the assumptions stated on the Platform.

  • “Services” means the features and functionalities provided by the Platform, including discovery, subscription, portfolio visualizations, alerts, analytics, payments facilitation, and community features.

2. ABOUT ALGOKART; NO ADVISORY; NEUTRAL MARKETPLACE

2.1 Ownership. AlgoKart is a product of Neelamay Technologies Private Limited.

2.2 Neutral Technology Facilitator. We operate a technology marketplace where independent Vendors list Strategies. We are not a broker, investment adviser, portfolio manager, research analyst, or fiduciary.

2.3 No Advice or Recommendations. Content, Backtests, scores, ratings, risk labels, and analytics are informational only and not investment advice, solicitation, or recommendation. No performance or return is guaranteed.

2.4 No Discretion; No Execution. The Platform does not automatically execute trades. Signals/alerts are read-onlyprompts; any order placement occurs via your broker and at your sole discretion and risk.

2.5 Regulatory Positioning. Vendors are solely responsible for complying with SEBI and exchange regulations applicable to their activities.

3. ELIGIBILITY; ACCOUNT; KYC/AML

3.1 You must be 18+ and legally competent.

3.2 You agree to provide accurate, current, and complete information and keep it updated. You are responsible for your account security.

3.3 We may perform KYC/AML checks (PAN, Aadhaar, SEBI registration, etc.). Non-compliance may result in suspension or termination.

4. VENDORS; ZERO LIABILITY STRUCTURE

4.1 Vendors are independent third parties solely responsible for their Strategies, representations, and compliance.

4.2 Vendors must accept the Vendor Agreement (Zero Liability) and Risk Disclosure & Waiver Agreement, which allocate liability to Vendors to the maximum extent permitted by law.

4.3 We may moderate, delist, or suspend Strategies or Vendors at our discretion, without liability.

5. BACKTESTS; LIMITATIONS

5.1 Backtests are hypothetical and may differ materially from live results.

5.2 Unless stated, dividends, borrow costs, corporate actions, and variable fees may be excluded.

5.3 Metrics like CAGR, Sharpe, or risk scores are derived indicators and not advice.

6. ALERTS; CONNECTIVITY; THIRD PARTIES

6.1 Alerts may be delayed or lost due to internet/device/provider issues.

6.2 Market data is from third parties and may be inaccurate or incomplete.

6.3 Broker Integrations are third-party systems; execution is your broker’s responsibility.

6.4 Payments are processed by regulated third-party providers.

7. PAYMENTS; TAXES; REFUNDS

7.1 We act as a payment facilitator, collecting fees on behalf of Vendors.

7.2 Vendors are responsible for GST/income tax. Investors are responsible for their own tax positions.

7.3 Unless explicitly stated, fees are non-refundable.

7.4 Chargebacks may result in suspension and recovery of costs.

8. PERMITTED USE; PROHIBITIONS

You shall not:
(a) copy, scrape, or reverse engineer the Platform;
(b) tamper with signals or metrics;
(c) upload malware;
(d) impersonate others;
(e) infringe IP or privacy rights;
(f) engage in market manipulation, spoofing, or SEBI-prohibited conduct;
(g) provide unregistered investment advice;
(h) bypass technical limits or abuse APIs.

9. INTELLECTUAL PROPERTY

  • The Platform, logo, and branding belong to Neelamay.

  • Vendors retain their IP but grant us a license to host, display, and market strategies.

  • User-generated content grants us a license to operate and display it.

10. PRIVACY; DATA; MONITORING

We process data per our Privacy Policy. By using the Platform, you consent to logging, monitoring, and lawful data use.

11. INTERMEDIARY DUE DILIGENCE (INDIA)

We comply with the Information Technology Act, 2000 and the Intermediary Guidelines Rules 2021. We acknowledge grievances within 24 hours and resolve them within 15 days.

12. DISCLAIMERS

  • Platform is provided “as-is” and “as-available.”

  • No guarantees of accuracy, uninterrupted service, or returns.

  • We are not providing investment, tax, or legal advice.

13. LIMITATION OF LIABILITY

Our aggregate liability is limited to the fees you paid us in the preceding 12 months, excluding amounts collected for Vendors.

14. INDEMNIFICATION

You agree to indemnify and hold harmless Neelamay, AlgoKart, and affiliates from claims arising from your use, content, or violations.

15. TERMINATION

We may suspend or terminate accounts at our discretion for risk, fraud, non-compliance, or legal reasons.

16. MODIFICATIONS

We may update these Terms. Continued use after updates constitutes acceptance.

17. GOVERNING LAW; DISPUTE RESOLUTION

These Terms are governed by the laws of India.

Any dispute, claim, or controversy arising out of or relating to these Terms or the Platform shall be resolved by binding arbitration in accordance with the Arbitration and Conciliation Act, 1996. The seat and venue of arbitration shall be Jaipur, Rajasthan, India. The proceedings shall be conducted in English before a sole arbitrator mutually appointed by the parties. If the parties fail to agree on an arbitrator within thirty (30) days, the arbitrator shall be appointed in accordance with the Act.

Interim, emergency, or injunctive relief may be sought before the competent courts at Jaipur, Rajasthan, which shall have exclusive jurisdiction.

All claims must be brought within one (1) year after the cause of action accrues.

18. FORCE MAJEURE

We are not liable for delays or failures caused by events beyond reasonable control.

19. NOTICES; GRIEVANCE OFFICER

Neelamay Technologies Private Limited
Registered Office: Mansarovar, Jaipur, Rajasthan 302020, India
Email: connect@algokart.in
Mr. Yudhisther Bhargava,Director

We will acknowledge valid grievances within 24 hours and aim to resolve them within 15 days, in compliance with the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021.

20. ACKNOWLEDGEMENT

By using the Platform, you confirm you have read, understood, and agreed to these Terms, including disclaimers and arbitration. Vendors additionally agree to the Vendor Agreement (Zero Liability) and Risk Disclosure & Waiver Agreement.

Annex A — Risk Disclosures (Summary)

  • No guarantee of returns.

  • Dependence on internet, market data, and brokers.

  • Execution risk (delays, rejections, fills).

  • Model risk (overfitting, regime change, data errors).

  • Regulatory/tax compliance is your responsibility.