MITC Generator for Research Analysts
Every SEBI Research Analyst has to share the Most Important Terms and Conditions with each client. The clauses are standardised, so only your details change. Fill them in once and generate a clean draft to copy or download. It all runs in your browser, nothing is stored.
Your MITC draft
MOST IMPORTANT TERMS AND CONDITIONS (MITC) For research analyst services provided by [Your name or entity name] 1. Identity and SEBI registration These services are provided by [Your name or entity name], a SEBI-registered Research Analyst bearing registration number [SEBI RA registration number]. Contact: email [email]. 2. Scope of services The Research Analyst provides research and recommendations on equity securities listed on NSE and BSE. The engagement is limited to this scope. 3. Research is advisory, not a guarantee All recommendations are research opinions, not instructions. The client decides whether to act on them. The Research Analyst does not guarantee any outcome. 4. No assured or guaranteed returns The Research Analyst does not and cannot promise or guarantee any return. Past performance is not indicative of future results. 5. Fees and the SEBI fee limit Fees: [your fee, e.g. โนX per year payable annually in advance]. For individual and HUF clients, fees do not exceed the SEBI limit of โน1,25,000 per client per year across all fee structures combined. 6. Market risk Investments in securities are subject to market risk. The client may lose money. The client should read all related documents carefully before investing. 7. Conflict of interest and holdings The Research Analyst will disclose any financial interest or actual or beneficial ownership in the securities recommended, and any other material conflict of interest. 8. No access to funds, securities or credentials The Research Analyst will not seek trading or demat account access or login credentials, will not take custody of the client's funds or securities, and will not execute trades on the client's behalf. 9. Not portfolio management Recommendations are not portfolio management services and are not personalised investment advice tied to the client's complete financial position. 10. Grievance redressal For grievances, contact [Your name or entity name] at [email]. If unresolved, escalate to SEBI's SCORES portal (scores.sebi.gov.in) and thereafter the Online Dispute Resolution (ODR) portal (smartodr.in). 11. Termination Either party may terminate the engagement with written notice. Treatment of fees and access on termination will be as set out in the client agreement. Acknowledgement I / We acknowledge having read and understood these Most Important Terms and Conditions. Client name: _____________________ Date: _____________ Signature: _____________________ Note: This is a draft built on the standard MITC clause structure with your details filled in. Reconcile the clause wording with the current RAASB-issued standard text before sharing it with clients. Not legal advice.
This generator fills your details into the standard MITC clause structure. SEBI and RAASB issue standardised MITC wording through industry standards. Reconcile the clause wording with the current RAASB-issued text, and check the latest SEBI circular, before you share this with clients. This is a descriptive tool, not legal advice.
Use the standardised wording
The whole point of the MITC is that it reads the same for every analyst, so a client can recognise the terms. Do not paraphrase the standardised clauses into your own language. This generator drafts plain clauses on the standard structure with your details filled in; before you share it, reconcile the wording with the current RAASB-issued text. The full walkthrough is in the MITC template and format guide, and the background in the MITC explainer.
Keep proof you shared it
Sharing the MITC is only half of it. You also have to keep timestamped proof the client received and acknowledged it, retained for five years under Regulation 25. Share over a channel that records delivery, and store the acknowledgement somewhere retrievable. See how the Regulation 25 audit trail handles this, and check your fee against the cap with the fee-cap checker.
FAQ
What does this MITC generator do?
It fills your own details, your name, SEBI registration number, contact and fee terms, into the standard 11-clause MITC structure that every SEBI Research Analyst must share with clients, then lets you copy or download the draft. The clauses themselves are standardised; only your details change.
Is the generated MITC official?
No. SEBI and RAASB issue the standardised MITC wording through industry standards. This tool drafts plain-language clauses on that structure so you have a starting point. Reconcile the wording with the current RAASB-issued text and the latest SEBI circular before sharing it. It is not legal advice.
Do I need to send the MITC to every client?
Yes. The MITC must be shared with every client, in the standard wording, as a clear standalone document. Keep timestamped proof that the client received and acknowledged it, retained for five years under Regulation 25.
Is my data stored?
No. The generator runs entirely in your browser. Nothing you type is sent to a server or stored. Close the tab and it is gone.