Cancellation Policy
Advisory Engagement Cancellation & Cooling-Off Framework
MAHIR Investment Advisers Private Limited
U66190PN2025PTC244016
INA000022668
PL G/A-9/1 Shop 1, MIDC G Nr Moris So, Chinchwad East, Pune 411019, Maharashtra
1. Introduction
This Cancellation Policy ('Policy') governs the terms under which clients of MAHIR Investment Advisers Private Limited ('MIA (MAHIR Invest)', 'Company', 'we', 'us', 'our') may cancel their advisory engagement. This Policy is issued in compliance with the SEBI (Investment Advisers) Regulations, 2013 ('IA Regulations'), applicable SEBI Circulars, the Consumer Protection Act, 2019, and the Information Technology Act, 2000.
This Policy shall be read in conjunction with the Refund Policy, Terms and Conditions, Client Agreement, Privacy Policy, and SEBI Disclosures, all of which are incorporated herein by reference and form an integral part of this Agreement.
2. Definitions
In this Policy, the following expressions shall have the meanings assigned to them below:
- "Advisory Fee" means the fee charged by MIA for rendering investment advisory services, whether on a fixed fee basis or as a percentage of Assets Under Advice (AUA), as agreed upon in the Client Agreement.
- "Subscription Plan" means any periodic (monthly, quarterly, semi-annual, or annual) advisory service plan offered by MIA through the Platform.
- "Cooling-Off Period" means the initial period following the execution of the Client Agreement during which the Client may terminate the engagement without penalty, as prescribed under SEBI IA Regulations.
- "Client Agreement" means the formal agreement executed between MIA and the Client as mandated under SEBI IA Regulations, 2013.
3. Right to Cancel
Clients can cancel their subscription at any time during the subscription period by providing a written request to compliance@mahir.in or through the Platform settings.
4. Cancellation by MIA (MAHIR Invest)
MIA reserves the right to cancel or terminate the advisory engagement with a Client under the following circumstances:
- Non-compliance by the Client with KYC/AML requirements or provision of false/misleading information.
- Non-payment of advisory fees within the stipulated due date after reasonable reminders.
- Client's conduct that is in violation of Applicable Laws or poses a regulatory risk to MIA.
- Regulatory direction or order from SEBI or any competent authority requiring cessation of services.
- Any event of force majeure making continued advisory engagement impracticable.
In the event of cancellation by MIA, the Client shall be given at least 30 (thirty) days' prior written notice (except in cases of regulatory directives or fraud), and a pro-rata refund of any unused prepaid fees shall be processed in accordance with the Refund Policy.
5. Amendments to This Policy
MIA reserves the right to amend, modify, or update this Policy at any time. All amendments shall be published on the Platform and communicated to registered Clients via email at least 15 (fifteen) days prior to the update taking effect. Continued use of the Platform after publication of amendments constitutes your irrevocable acceptance of the amended Policy.
6. Contact Information
For cancellation requests or any questions regarding this Policy, please contact:
Bharat Makkar
compliance@mahir.in
+91 9084945151
PL G/A-9/1 Shop 1, MIDC G Nr Moris So, Chinchwad East, Pune 411019, Maharashtra
Within 30 days from date of receipt of complaint
If your cancellation grievance is not resolved within 30 days, you may escalate it to SEBI SCORES (scores.gov.in) or approach the competent courts at Pune, Maharashtra, India.