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Terms of Usage

Astha Credit and Securities Private Limited (hereinafter referred to as “AsthaTrade”) and its affiliates with registered offices at F-01,138/42, Usha Preet, Malviya Nagar, Bhopal (MP) 462003.

We may refer to AsthaTrade as “We”, “Our”, or “Us”.AsthaTrade is a member of NSE, MCX exchanges, and is registered with the Securities & Exchange Board of India (SEBI) as a stockbroker with the SEBI registration numbers as stated below:

  • SEBI: INZ000187932
  • NSE: 12227
  • MCX: 40000
  • SEBI Depository Participant Reg No: IN-DP-611-2021

The Client is any individual or entity with an exchange approved UCC (Unique Client Code) account with AsthaTrade, able to trade various securities through AsthaTrade (in compliance with different exchange and SEBI regulations).

AsthaTrade Vortex API is a suite of APIs, developer services, and associated software offerings collectively referred to as “APIs”. The APIs provide programmatic access (including, but not limited to: placing, modifying and canceling orders; managing funds and portfolios; accessing market data, etc.) to various exchanges via AsthaTrade using a Client account.

The terms described in this document, and any additional terms, terms within the accompanying API documentation, and any applicable policies and guidelines concerning the use of the APIs are collectively referred to as the “Terms”. The terms described for the AsthaTrade clientele mentioned here, will be applicable as and so.

This agreement is between “You” (accessor and consumer of the APIs) and “AsthaTrade”, the stockbroker offering broking services via the APIs. You may be an AsthaTrade Client yourself, or You may be an entity offering the APIs in turn to other AsthaTrade Clients as end-users.

Affiliates: AsthaTrade affiliated legal entities throughout India. These companies may provide the APIs to You on behalf of AsthaTrade and the terms will also govern your relationship with these companies.

1. Account and registration

  • Accepting the Terms You may not use the APIs and may not accept the Terms if (a) You are not of legal age to form a binding contract with AsthaTrade, 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.

  • Entity Level Acceptance If You are using the APIs on behalf of an entity, You represent and warrant that You have 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).

  • 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 AsthaTrade will always be accurate and up to date and you’ll inform us promptly of any updates.

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 customizing 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 AsthaTrade. The development of trading platforms is bound by various norms and regulations stipulated by various exchanges and SEBI. You are responsible for ensuring 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 AsthaTrade’ in-house platform, AsthaTrade will provide the necessary assistance.

2.1 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.

2.2 API rate-limiting

AsthaTrade 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 AsthaTrade, You have to obtain express consent from AsthaTrade by writing to the relevant department (AsthaTrade may decline or accept such a request based on various factors).

2.3 Exclusivity

The API Terms are non-exclusive. You acknowledge that AsthaTrade 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.

2.4 Tracking and monitoring

By using the APIs, You agree that AsthaTrade may monitor, track, and record all interactions and requests happening via the API, your own and your end-users, to ensure stability, security, and reliability of the API.

2.5 Automated trades

The APIs are not meant for placing fully automated trades (without any manual intervention). If you wish to use the APIs for full automation, you should seek necessary approvals from the exchanges/regulators. AsthaTrade can provide the necessary assistance in obtaining approvals.

3. Your end-users

You may use the APIs to build platforms that You may, in turn, offer to other Clients of AsthaTrade (after obtaining the required exchange approvals). Neither AsthaTrade or anyone affiliated with the APIs may 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, AsthaTrade’ Clients, are bound primarily by the terms and conditions they agreed to at the time of their account registration with AsthaTrade, over and above the terms, they may have agreed to when starting to use your platforms.

3.1 Ownership

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

3.2 User Privacy

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

4. Prohibitions and confidentiality

4.1 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 AsthaTrade’ 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 AsthaTrade terms of service or any links to or notices of those terms.

4.2 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.

AsthaTrade communications to you may contain confidential information which includes any materials, discussions, and information that are marked confidential or that would typically be considered confidential under the circumstances. If you receive any such information, then you will not disclose it to any third party without AsthaTrade’ prior written consent.

Unless expressly permitted by AsthaTrade 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 the material.

5. Liability of the APIs

5.1 Uptime

The API response and account access times may vary due to a variety of factors. The uptime and availability of the APIs may be affected by technical or other factors within or outside of AsthaTrade’ or unforeseen circumstances, including natural disasters.

5.2 No guarantees or warranties

AsthaTrade doesn’t make any promises, commitments, guarantees about the APIs or related offerings. When permitted by law, AsthaTrade 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, AsthaTrade excludes all warranties, guarantees, conditions, representations, and undertakings.

5.3 Limitation of Liability

When permitted by law, AsthaTrade will not be responsible for lost profits, revenues, or data; financial losses; or indirect, special, consequential, exemplary, or punitive damages.

6. Termination

6.1 Termination

This agreement is effective until terminated. User rights under this agreement will terminate automatically or otherwise cease to be effective without notice from AsthaTrade if the User fails to comply with any terms and conditions under this agreement. AsthaTrade may terminate this agreement if User is in default of any of the terms and conditions of this agreement and fails to correct such default within one (1) day after written notice thereof from AsthaTrade. Upon termination, AsthaTrade does not hold any liability or other obligation to you If you want to terminate the Terms, you must provide AsthaTrade with prior written notice and upon termination, cease your use of the applicable APIs, use of AsthaTrade brand and delete any cached or stored content that was permitted by the cache header.

6.1 Surviving provisions

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

7. Indemnification

You agree to indemnify and hold AsthaTrade, members, subsidiaries, affiliates, 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. - Your violation or your end user’s breach of the Terms; or - Any content or data routed into or used with the APIs by you, those are acting on your behalf, or your end-users.

THIS AGREEMENT REQUIRES ACCEPTANCE TO PROCEED TO UTILISATION OF THE APIs; THE ACCEPTANCE SO GIVEN CONCLUDES THE AGREEMENT AND THIS AGREEMENT DOES NOT REQUIRE A PHYSICAL/DIGITAL SIGNATURE. THIS AGREEMENT SHALL NOT BE INVALIDATED SOLELY ON THE GROUND THAT IT IS NOT PHYSICALLY SIGNED.