In consideration for providing the Services to the Client, the Investment Adviser will be entitled to receive and the Client will be obliged to pay the consideration of Rs.2,250/- (Rupees two thousand two hundred fifty only) on a monthly basis to the Investment Adviser, on or before the day of each month (“Service Fee”) the client has registered for the Catalyst Program . The Service Fee does not include applicable taxes which will be borne by the Client.
The Client shall transfer the Service Fee to the Investment Adviser’s designated bank account, using a payment gateway acceptable to the Investment Adviser (the details of which will be communicated separately). In the event, the Client does not desire to transfer the Service Fee through the approved payment gateway, it can do so through net banking or ECS or by issuing a cheque or demand draft in favour of the Investment Adviser (the details of which will be communicated separately).
The Service Fee will be inclusive of all costs and expenses which may be incurred by the Investment Adviser during and with regard to providing Services to the Client. It is clarified that service tax payable shall be to the account of the Client and such service tax will be in addition to the Service Fee set out in sub-clause (a) above.
The Client agrees and acknowledges that the Service Fee may be revised by the Investment Adviser after giving the Client a thirty (30) day notice in writing. [However, it is agreed that the Service Fee cannot exceed Rs. 5000/- (Rupees Five Thousand only.)].
The Client agrees and acknowledges that this a material term of the Agreement.