Governed by Indian Law, AMFI Code of Conduct & IRDA Regulations
1. Preamble & Acceptance of Terms
These Terms and Conditions ("Terms") constitute a legally binding agreement between you or the entity you represent ("Client", "Investor", "You") and Prosperis Financial Advisory ("Prosperis", "We", "Us", or "Practice"), founded and led by Mayank Verma (Master of Financial Planning & Master of Banking and Finance, Melbourne, Australia; AMFI ARN: 361974; IRDA IC38 Certified).
By accessing https://prosperisfa.com, requesting preliminary financial consultations, executing an advisory engagement, subscribing to our insights, or utilizing any of our advisory practice streams, you unconditionally agree to be bound by these Terms and our companion Privacy Policy and Cookie Policy.
2. Scope of Advisory Services & Engagement Framework
Prosperis Financial Advisory provides strategic financial advisory services across eight integrated practice streams:
- Business Funding: Advisory facilitation for debt syndication, working capital limits, term loans, venture debt, seed equity, and government subsidy/grant applications.
- Wealth Management & Financial Planning: Comprehensive financial planning, retirement roadmaps, asset allocation, cash flow optimization, and family wealth preservation.
- Mutual Funds Distribution & Advisory: Goal-linked Systematic Investment Plans (SIPs), Systematic Transfer Plans (STPs), debt funds, and hybrid schemes through AMFI Registration ARN: 361974.
- Mergers & Acquisitions (M&A): Transaction advisory, buy-side identification, sell-side mandate management, business valuations, and due diligence coordination.
- Insurance Advisory: Risk assessment and policy recommendations for Term Life, Family Health Floaters, Keyman Insurance, and Commercial Liability under IRDA IC38 certification.
- Accounting, GST & Tax Compliance: Bookkeeping, bank reconciliations, monthly GST filings, input tax credit (ITC) reconciliations, and Income Tax Return (ITR) filing support.
- Real Estate Advisory: Investment research, title diligence coordination, and acquisition structuring across Bhopal, Indore, and Madhya Pradesh commercial and residential corridors.
3. Client Representations & Document Veracity
The precision and efficacy of our financial plans, credit appraisal decks, valuation models, and compliance filings depend directly upon the integrity of information provided by the Client. You represent and warrant that:
- All financial statements, tax filings, banking statements, KYC proofs, and enterprise records provided to Prosperis are authentic, accurate, and complete.
- All transactions and funds channeled through investment or funding instruments represent legitimate, lawful commercial activities complying with Indian taxation and corporate regulations.
- You will promptly disclose any material changes in your financial situation, credit standing, legal disputes, or corporate shareholding that could impact ongoing advisory mandates.
4. Regulatory Disclaimers & Statutory Disclosures
Statutory Disclosures:
- Mutual Funds: Mutual fund investments are subject to market risks. Please read all scheme-related documents, offer documents, and Key Information Memorandums (KIM) carefully before investing. Past performance is not indicative of future returns. Prosperis acts as an AMFI-registered mutual fund distributor (ARN-361974).
- Business Funding: Prosperis acts as a professional advisory facilitator. Sanction, disbursal, interest rate, collateral terms, and equity valuation remain at the sole discretion of the lending institutions, commercial banks, venture funds, or angel syndicates. Prosperis does not guarantee funding sanction.
- Insurance: Insurance is the subject matter of solicitation. Policy terms, exclusions, premium rates, and claim settlements are strictly governed by the respective underwriting insurance companies as approved by the IRDAI.
- Taxation & Legal: Financial and tax advice provided is based on prevailing tax laws in India. Clients are advised to coordinate with their independent Chartered Accountants (CAs) or legal counsel for statutory certifications where required by law.
5. Anti-Money Laundering (AML) & KYC Verification
In strict compliance with the Prevention of Money Laundering Act, 2002 (PMLA), SEBI KYC Master Directives, and AMFI guidelines, Prosperis enforces mandatory onboarding compliance:
- Mandatory verification of Permanent Account Number (PAN), Aadhaar, proof of identity, and proof of address before initiating mutual fund or transaction advisory.
- Beneficial Ownership (UBO) declaration for private limited entities, partnerships, and trusts.
- Prosperis maintains the unconditional right to suspend advisory services and report suspicious transactions to relevant statutory authorities should unlawful activities be detected.
6. Professional Fees, Retainers & Billing Terms
Fees for professional advisory services are defined clearly prior to engagement commencement:
- Mutual Fund Distribution: Distributor commission is paid directly by Asset Management Companies (AMCs) in accordance with SEBI regulations. No entry load is charged to investors.
- Advisory Retainers & Mandate Fees: Business funding facilitation, M&A advisory, and accounting retainers are governed by individual Mandate Letters specifying upfront retainers, milestone fees, and success fees.
- Taxes: All quoted advisory fees are exclusive of Goods and Services Tax (GST @ 18%), which will be billed additionally as mandated by Indian tax law.
7. Confidentiality & Data Security
Prosperis Financial Advisory maintains the highest standards of commercial secrecy and client discretion:
- Non-Disclosure: All proprietary balance sheets, shareholder agreements, pitch decks, investor cap tables, and personal net worth figures disclosed to Prosperis are held in strict confidence.
- Information is shared only with accredited third parties (banks, AMCs, verified investors) upon explicit authorization by the Client.
- All electronic records are protected with bank-grade encryption and stored in compliance with the Digital Personal Data Protection Act, 2023 (DPDPA).
8. Limitation of Liability
To the maximum extent permitted by applicable Indian statutory law:
- In no event shall the total cumulative liability of Prosperis Financial Advisory, its founder Mayank Verma, or associates for any claim, whether in contract or tort, exceed the professional advisory fees actually received by Prosperis for the specific mandate giving rise to the claim over the preceding three (3) months.
- Prosperis shall not be liable for indirect, incidental, speculative, or consequential damages, including loss of profits, market downturns, lender rejections, or policy repudiations by insurance underwriters.
9. Indemnification
The Client agrees to defend, indemnify, and hold harmless Prosperis Financial Advisory and Mayank Verma from and against any third-party claims, liabilities, statutory penalties, and legal expenses arising out of:
- Fraudulent documentation or willful concealment of material facts by the Client.
- Non-compliance by the Client with statutory tax or regulatory filing deadlines.
- Breach of representations or warranties set forth under these Terms.
10. Termination & Professional Handover
Either party may terminate an ongoing advisory retainer by providing thirty (30) business days' written notice to mayank@prosperisfa.com. Upon termination and settlement of all outstanding invoices, Prosperis will coordinate an orderly handover of records and general ledger exports.
11. Governing Law & Bhopal Dispute Resolution
These Terms, engagement agreements, and any dispute arising out of them shall be governed by and construed in accordance with the substantive laws of the Republic of India.
Any dispute or claim shall first be submitted to mutual executive mediation in good faith. If unresolved within thirty (30) days, the matter shall be referred to arbitration in accordance with the Indian Arbitration and Conciliation Act, 1996. The seat and exclusive legal jurisdiction for arbitration and judicial proceedings shall be Bhopal, Madhya Pradesh, India. The proceedings shall be conducted in English or Hindi.
12. Practice Chambers Notice & Contact Details
Formal legal notices, regulatory inquiries, or contractual communications under these Terms must be directed in writing to:
