MFU - Distributor Sign-up Form
Contents
1. Telephone No Mobile Number Either Telephone Number or the Mobile Number have to be mandatorily provided Email ID 1 Email ID 2 Website Contact Address for all communication from MF Utility if different from AMFI ARN data City State Pincode 3 Pleasetick y the option under which you wish to sign up with MFUI If not specified Option I will be default Option Category Type please referto the instructions forthe facilities available under each option Please tick v i Basic Access Information Downloads Feeds etc ii Basic Access Transaction Data Entry amp Image scanning 4 Details of the User to whom Login ID has to be created Refer Terms of Service point no C User Name Date of Birth Mobile No Email ID 5 Declaration and Signature s I We hereby declare that the information in this form are complete true and correct I We undertake to notify the MFUI immediately of any change in the details and information given by me us Further I We hereby acknowledge that I We have read understood and agree to the Terms of Service annexed to this2. MFUI expressly disclaims all warranties of any kind whether express or implied b MFUI makes no warranty that i the Service will meet user requirements fully ii the Service will be uninterrupted timely secure or error free iii the results that may be obtained from the use of the Service will be accurate or reliable iv any errors inthe software will be corrected within a specified timeline 2 Ifanyprovision ofthese terms is held to be unenforceable such provision shall be limited modified or severed as necessary to eliminate its unenforceability and all other provisions shall remain unaffected 3 Failure or delay by any party in exercising any power right or privilege hereunder shall not operate as a waiver thereof and waiver by either party of any breach of these terms shall not constitute a waiver of any other or subsequent breach The rights and remedies herein provided shall be cumulative and exclusive of rights and remedies provided by law 4 These terms are subjectto Indian Law and Courts in Mumbai shall have jurisdiction Submissison of Sign Up Form 1 Please forward the duly filled form to MF Utilities India Private Limited No 103 105 1st Floor Orion Business Park Ghodbunder Road Kapurbawdi Thane W 400 607 2 Forany further queries clarifications please write to us at distributorconnect mfuindia com or call us at 91 22 3952 6363 kkk erpapp
3. Any other matter relating to the Service NOTIFICATION TO MFU 1 The User shall inform MFUI of any proposed changes in the contact details including telephone numbers email addresses mobile numbers etc and or addresses of the Registered Offices Corporate Office or any other office or location within a week after the date of such change 2 The User shall notify MFUI forthwith a Incase the Useris an individual in the event of its incapacity to act as such User In case the User is a partnership firm in the event of its dissolution In case the User is a body corporate when itis being wound up Upon it s becoming aware of the presentation of any petition for its bankruptcy liquidation or attachment of its property Upon it s becoming aware of any bankruptcy order against it or in the event of any distress execution or other process being levied or served upon or against its property Inthe case of any change in its financial conditions which may lead to its bankruptcy or if it suffers a composition with its creditors On the convening of any meeting to consider a resolution for the appointment or purported appointment of a receiver or administrator in respect of any of its property or any other change in circumstances material to its participation in the Service MISCELLANEOUS 1 User expressly understands and agrees that a Use ofthe Service is atthe sole risk of the User The Service is provided on an as is and as available basis
4. MF Utilities India Private Limited 103 105 Orion Business Park Ghodbunder Road Kapurbawdi Thane West 400 607 Tel 91 22 39526363 Fax 91 22 39526300 CIN U74120MH2013PTC242939 Email connect mfuindia com Website www mfuindia com Please read all the instructions carefully before filling the form Please fill in ENGLISH and in BLOCK LETTERS only Form Fields marked with are mandatory and if not filled the form may not be considered for sign up 1 AMFI Registration Details All information related to the ARN shall be fetched from the Central Distributor Management System CDMS managed by AMFI AMFI Registration No A R N Note a Individual ARN holders should attach a self attested copy ofthe ARN Registration Certificate issued by AMFI b Non Individuals ARN holders should submit Certified True Copy of i the ARN Registration Certificate issued by AMFI and ii a resolution authorising the Sign Up with MFUI iii the list of Authorized Signatories and their Specimen Signatures Forms which are not supported with the above documents may not be processed till they are submitted 2 Distributor Name and Contact Information Distributor Name Contact Person
5. UI has no control and if the User or the User authorised user employee are unable to access the MFU Portal at any point intime MFUI will not be liable for any loss suffered by the User directly or indirectly and that in such event the User shall revert to submitting transactions atthe nearest POS Agency NO MISUSE OF THE APPLICATION 1 The User understands that he would be allowed access only to the transactional level details which are carried out through his user ID or ARN Any investor related data request like account statement portfolio statement capital gain statement etc could be made through the MFU Portal by the User and the same would be emailed directly to the registered email address of the concerned investor 2 User indemnifies MFUI the AMCs the Mutual Funds its Trust and all the relevant stakeholders and shall not hold them responsible for any misuse on this account Any or all claims by the end investor on this account shall be fully borne and dealt with by the User 3 The User hereby agrees and knows that the statements obtained through MFU Portal provide only indicative valuations of the portfolio and it is not a legal statement from the respective Mutual Funds The User agrees to explicitly inform the investor of this disclaimer RIGHT TO MODIFY 1 MFUl reserves the right at any time and from time to time to modify or discontinue temporarily or permanently the Service or any part thereof with notice of 15 days except that wher
6. bmit to POS button 2 The User shall not be able to click the Submit to POS button unless there is a scanned image for the Request captured by the User Once the User clicks the Submit to POS button NO modifications or re scanning will be permitted INFRASTRUCTURE 1 The User in order to use the MFU Portal agrees to obtain access to the Internet either directly or through devices that access web based content and separately pay to respective service provider s any service fees associated with such access In addition the User agrees to obtain procure at his own cost all equipment necessary to make such connection to the Internet and use the Service including a computer scanner and modem or other access device 2 The User states that his own network is interconnected to the Internet and to other Private Networks The User confirms that all such points of interconnection are protected with Firewall Intrusion Detection and other means of Access Control which in their opinion are adequate and capable of protecting the network against unauthorized access 3 The User confirms that Virus Detection and Control measures are in effect throughout their network and in particular in the machines that will be used to access the MFU Portal and that the same will be kept current and will not be removed 4 The User agrees that should unauthorized access take place into their network they will immediately notify MFUI of such unauthorized access 5 The Use
7. delines or rules are hereby incorporated by reference into this TOS The Service includes all the activities as stated in the User Manual including the Service Levels as published in the MFU Portal which may be updated by MFUI from time to time and will deem to have taken effect from the date of implementation of the change with no necessity of individual notice tothe User 2 The User understands and agrees that the Service is provided AS IS and that MFUI assumes no responsibility or liability for the timeliness completeness uptime deletion or failure to store any user input data or settings These TOS apply only to the Service and do not apply to other services if any hosted by MFUI REGISTRATION 1 Application for registration would be approved by MFUI subject to the User providing all required information and the User shall be mapped to a specific category atthe discretion of MFUI Post registration and sign up the User shall be provided with a User ID as may be needed for the purpose chosen by the User 2 For Users who have chosen the Option Il under Section 3 the User can create futher User IDs for his their employees who will in turn access MFU Portal to input Requests received by them at their offices Such creation of further User IDs will be subjectto the Terms and Conditions of User creation 3 User andthe User authorized employees are responsible for maintaining the confidentiality of the User IDs and passwords and are fully respon
8. dures 2 The User agrees that the entered data or the Request image as scanned by User is being used as base for all processing at MFUI The User agrees that it will exercise diligence in the process of scanning and will diligently follow processes procedures set out in the User Manual to verify the integrity of the image vis a vis the physical Request document Specifically User agrees to have adequate controls to ensure that subscription Requests and their corresponding payment instruments are correctly paired and no intentional or accidental pairing of a Request takes place with an incorrect subscription instrument The User agrees that one of the reasons for rejection of an uploaded Request shall be reasonable ground for suspicion at MFUI of the integrity or quality of a Request image or data The User also agrees that if upon subsequent receipt of the physical Request by MFUI or its duly appointed representative for receipt of documents it is found to be substantially different from the scanned image or entered data the Request will at the option of MFUI or its duly appointed representative either be rejected reversed or be automatically reprocessed in accordance with the physical original document and all liability and costs shall be borne by User 3 The End of Day process procedure as set out in the User Manual is an important control measure to ensure that Requests are not missed and or are not double scanned entered The User ag
9. e events of force majeure occur that such notice may not be given The User agrees that MFUI shall not be liable to User or to any third party for any modification suspension or discontinuance of the Service 2 Useris fully aware MFUI shall provide support only through its IT helpdesk through a telephone call email and shall not visitthe User s site for any or all service issues reported by the User INDEMNIFICATION 1 User agrees to indemnify and hold MFUI Mutual Funds AMCs and their subsidiaries affiliates officers agents co branders or other partners and employees harmless from any claim or demand including attorneys fees made by any third party due to or arising out of Content user view print submit post edit to or transmit through the Service User s use of the Service User s connection to the Service User s violation of the TOS or User s violation of any rights of another or for any reason whatsoever 2 User expressly understands and agrees that Mutual Funds AMCs or MFUI shall not be liable for any incidental special consequential or exemplary damages including but not limited to damages for loss of profits goodwill use data or other intangible losses even if MFUI has been advised of the possibility of such damages resulting from i The use orthe inability to use the Service ii Unauthorized access to or alteration of user transmissions or data ii Statements or conduct of any third party on the Service or iv
10. er copy or decompile the Application The User agrees that User and User authorised user employees shall report to MFUI any bugs errors and failures observed in the Application so that the same may be rectified at the earliest 2 Useragrees to notuse the Service to a Upload edit post or otherwise transmit any material that contains software viruses or any other computer code files or programs designed to interrupt destroy or limit the functionality of any computer software or hardware or telecommunications equipment b Interfere with or disruptthe Service or servers or networks connected to the Service or disobey any requirements procedures policies or regulations of networks connected to the Service 3 The User acknowledges and agrees that MFUI may preserve Content and may also disclose Content if required to do so by law or in the good faith belief that such preservation or disclosure is reasonably necessaryto a Comply with legal process b Enforce the TOS CONFIDENTIALITY 1 The User agrees that User and User authorised user employees shall keep confidential all information about the Application data and other technical details that were disclosed and will in future be disclosed by MFUI to User in order to establish the access to the MFU Portal 2 The User agrees to ensure that its employees respect the confidentiality obligations imposed by these terms maintain security of passwords and that it shall maintain adequate internal autho
11. hat should any unauthorized access occur into either network no liability of any sort shall resultto the other TERMINATION SUSPENSION OF ACCESS 1 Access and usage may be terminated at any time by either side with notice of one month provided in writing by the signatory by designation subjectto other terms 2 Inthe interest of the participating Mutual Fund AMCs access and usage may be suspended or terminated by MFUI at any time or access suspended for the User or for one or all User authorised User Employee if in the opinion of MFUI processes procedures laid in the User Manual are not being followed by User and the User has not corrected the same within 7 days of written notice delivered to the User s contact address In such an event the User shall return all documentation such as User Manual back to MFUI MFUI or AMC shall not be liable for any losses or claims on account of such termination or suspension 3 Inthe interest of the participating Mutual Fund AMCs access and usage may be terminated by MFUI at any time without notice if MFUI suspects or notices fraudulent intentions on the part of any access point and the User or User authorised user employee This would include an unusual percentage of erroneous transactions high percentage of refusals due to incorrect altered or delayed transaction documents high number of complaints from the User s customers etc 4 The User agrees that MFUI atits sole discretion may terminate the User or User au
12. ny time without any prior notice to the User Requests submitted by the user onthe MFU Portal could be amended by MFUI or its authorized agent in line with the Original transaction document or the scanned image at any time without prior notice to the User 2 The User understands that further processing of the Request is based on the scanned image and therefore the quality of the image is maintained at all times REQUEST VALIDATION 1 The User understands that a Request submitted via MFU Portal is only a request for a transaction and that MFUI will apply business rules agreed with respective AMCs as well as business rules generally in use to determine the validity of the Request and to either accept or reject the same The standard list of rejection reasons would be available on the MFU Portal MFUI can amend the said list any time without giving any prior notice Further a Request accepted by MFUI prima facie may be rejected by the respective AMC or its RTA for any reason and MFUI shall not have any liability on this account Further in case a Request is rejected the User shall intimate the investor of such rejection 2 MFUIwill accept Requests solely in accordance with procedure and service standards agreed with respective AMCs in respect of whose Mutual Fund scheme the Request is related TIME STAMP RULES 1 Each Request scanned and data captured in MFU Portal will be electronically time stamped with the time at which the User clicks on the Su
13. r undertakes to deactivate the user IDs created immediately post resignation termination of services of the User employees In case such a person who is no more an employee of the User uses misuses the User IDs any cost and consequences thereto will be borne by the User ACCESS NON EXCLUSIVE amp NON TRANSFERABLE 1 The User agrees that their access to the MFU Portal is non exclusive and non transferable on an as is where is basis hosted on a Web Server at MFUI and which Portal shall be designed to reasonably meet the business requirements of User 2 The User agrees that in utilizing the access to the MFU Portal they will conform to the instructions contained in User Manual will follow product licensing norms and conform to MFUI s IT Security Policy as published in the MFU Portal from time to time The User should ensure that he creates a separate user id for every individual requiring access and obtains written requests in formats as specified in the User Manual for creation modification deletion of users 3 The User agrees that all Requests submitted by a User or User authorised user employee shall be final and not be disputed by User so long as MFUI is able to provide electronic logs evidencing the Request submission OTHER USAGE CONDITIONS 1 The User agrees that User and User authorised user employees shall make no attempts to exceed the privileges provided to them and shall make no attempts directly or indirectly to reverse engine
14. rcial Transactions etc MFU Portal means www mfuonline com or such other domain name as may be decided by MFUI from time to time The term MFU Portal and Application are used interchangeably Service would mean and include the facility provided to the User through the MFU Portal for maintaining their branch masters branch Users and User access controls Request data capturing uploading downloading facilities banking facilities reporting facilities scanning facilities mail back facilities etc 5 User in this context means the distributor as an Individual or an Entity who signs up with MFUI for availing the above mentioned Service from MFUI 6 User Employee inthis context means a person employed and authorized by the Userto access the MFU Portal to perform the activities related to the Service offered by MFUI 7 Content means and includes but not limited to any information captured uploaded or deleted by the User or its authorized User Employee on the MFU Portal G 1 APUN ENERAL MFUI provides the Distributor User access to the MFU Portal to facilitate submission of the Requests of its customers investors subject to the following Terms of Service TOS which may be updated by MFUI from time to time by publication in the MFU Portal and will deem to have taken effect from the date of implementation of the change with no necessity of individual notice to the User All such amended gui
15. rees that he shall follow the End of Day process procedure diligently 4 The physical document related to a Request is an important legal document The User Manual sets out a process procedure to be followed to send the physical documents to MFUI or its duly appointed representative for receipt of documents The User specifically agrees that he will remain liable for all consequences of not despatching the physical document in accordance with the laid down process procedure MFUI reserves the right to reject reverse a Request in respect of which the original physical document is not received from User in the timeframe and in the manner set outin the User Manual and all costs on account of such non adherence shall be to the account of User CONDITIONS FOR REQUEST SUBMISSION 1 The User shall use the Service strictly for submitting Requests in specified participating Mutual Funds that have signed up with MFUI In order to use the Service the User agrees to obtain access to the Internet either directly or through devices that access web based content and separately pay to respective service provider s any service fee as is associated with such access In addition the User agrees to obtain procure at his own cost all equipment necessary to make such connection to the Internet including a computer and modem or other access device The list of Request Types enabled through the MFU Portal would be hosted on the MFU Portal and could be amended by MFUI at a
16. rization procedures for transactions that the User nominated users may effect using the Application INTELLECTUAL PROPERTY amp DATA SECURITY 1 The User agrees that the Intellectual Property contained in the Application including but not limited to the underlying database structure the User manual of Service processes procedures the application web help document the look and feel of the screens the reports reconciliation reports the banking and reporting process the unique investor statements etc belongs to MFUI and the User shall not dispute the same at any time The User agrees that its Directors officers and employees and whoever was in the know shall not disclose or pass on the same to any other entity or individual or use the same to their own advantage to set up a similar or competing system and this clause shall survive the termination of access and usage 2 The User agrees that in the interest of data security should MFUI observe or apprehend a risk of unauthorized access MFUI may atits sole discretion terminate access to MFU Portal with without notice to User SURVIVAL OF CLAUSES 1 The clauses on Confidentiality and Intellectual Property shall survive the termination of access and usage 2 The access control measures and virus detection measures in place at User end and at MFU Portal are adequate to the best of respective parties knowledge However both parties acknowledge that access control cannotbe totally guaranteed and t
17. sible for all activities that occur under all the User IDs created by the User USAGE FOR OWN PURPOSES 1 The User shall use the Service strictly for submitting Requests of his own clients in respect of which he is entitled to receive brokerage and commission in terms of the distribution agreement with the related Mutual Fund or to submit Requests where they have a specific request or authority from the investor to do so The User confirms that each such investor has consented or has not provided any negative consent on disclosing of all transaction and master data of the investor by MFUI to the User and User shall indemnify MFUI and the related AMC against any claims on this account The User agrees that MFUI may independently verify the intention of the investor to transact by contacting the investor but shall be under no obligation to do so and shall be entitled to rely on the Request placed by the user 2 Notwithstanding the foregoing itis clarified that the User can input data for investments made under his ARN or under DIRECT mode ADHERENCE TO USER MANUAL 1 The User shall exactly follow the detailed processes procedures laid in the User Manual which is accessible on the MFU Portal once the User logs into the same The User shall be deemed to be bound by the said processes procedures upon successfully logging into the same The User shall ensure that all employees for whom User ID has been created by the User shall also follow these processes proce
18. sign up form and abide by the same am We are completely aware that the said Terms of Service may be amended from time to time and the updation thereof on the MFU Portal shall constitute due notice to me us Itis my our responsibility to periodically review these Terms of Service Signature s of Distributor Authorized Signatories with Official Stamp AA e ee ee ae ACKNOWLEDGEMENT SLIP to be filled in by the Distributor For any queries please write to us atthe address below or email us at distributorconnect mfuindia com or callus at 91 2239526363 MF UTILITIES INDIA PVT LTD Regd Office 103 105 1st Floor Orion Business Park Ghodbunder Road Kapurbawdi Thane West 400 607 Maharashtra India Received from Mr Ms M s the application for sign up with MFUI FOR OFFICIAL USE BY MFUI MFUI stamp amp signature TERMS OF SERVICE DEFINITIONS 1 MFU means and represents MF Utilities India Pvt Ltd a private limited company incorporated under the Companies Act 1956 The MFUI is providing a Common Request Submission facility to enable Mutual Fund distributors and Financial Advisors to submit Requests oftheirinvestors in various schemes ofthe participating Mutual Funds Request of from Investors would mean Purchase Redemption Switch Systematic Registrations Non Comme
19. thorised user employee password account or any part thereof or use of the Service and remove and discard the Service for any reason including without limitation for lack of payments for the Service or if MFUI believes that the User or User authorised user employee have violated or acted inconsistently with the letter or spirit of the TOS MFUI may also in its sole discretion and at any time discontinue providing the Service or any part thereof with or without notice The User agrees that any termination of access to the Service under any provision of this TOS may be effected without prior notice and acknowledges and agrees that MFUI may immediately deactivate or delete User account and all related information and files in User account and or bar any further access to such files or the Service Further User agrees that MFUI shall not be liable to User or any third party for any termination of User access to the Service The User shall destroy the Passwords in the event of the termination of the Service MFUI s RIGHT TO VERIFY MFUI reserves the right to verify the adherence of the User to these terms either via own employees or via an audit or consulting or professional firm APPLICATION PROVIDED ON BEST EFFORT BASIS The User agrees that the Application is being provided by MFUI on a best effort basis and that there is dependency on the services provided by various third parties such as telecom and Internet Service Providers over whose actions MF
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