We, "WealthBloomers Services Private Limited", create and head stock prices based games through mobile applications, collectively named as "WealthBloomers." From hereafter, any use of "WealthBloomers" should imply the WealthBloomers applications and the web portal.
1. Any person accessing WealthBloomers for participating in the various contests and games available on WealthBloomers platform ('WealthBloomers Services') will be bound by these Terms and Conditions, and all the rules, regulations and terms of usage referred to herein or provided by WealthBloomers in relation to any WealthBloomers Services.
2. We are entitled to modify the Terms and Conditions, rules, regulations and terms of usage referred to herein or provided by WealthBloomers in relation to any Services provided by WealthBloomers, at any time, by posting the same on any of the portals viz Web or Mobile Applications. Use of WealthBloomers constitutes the user's/contestent's acceptance of the Terms and Conditions, rules, regulations and terms of usage referred to herein or provided by WealthBloomers in relation to any WealthBloomers Services, as may be amended every once in a while. WealthBloomers may, at its sole discretion, also notify the User of any change or modification in these Terms and Conditions, rules, regulations and the terms of usage referred to herein or provided by WealthBloomers, by way of sending an email to the User's registered email address or posting notifications in the User accounts. The User may then exercise the options provided in such an email or notification to indicate non-acceptance of the modified Terms and Conditions, rules, regulations and terms of use referred to herein or provided by WealthBloomers. If such options are not exercised by the User within the time frame prescribed in the email or notification, the user will be deemed to have accepted the modified Terms and Conditions, rules, regulations and terms of use referred to herein or provided by WealthBloomers.
3. Some of the services provided on WealthBloomers may be subject to additional rules and regulations set down in that respect. Some of the Terms and Conditions here might be inconsistent with the additional conditions set down. In cases such as these the additional conditions shall be deemed prevalent.
4. To avail any of the WealthBloomers Services, the user is required to register on the WealthBloomers Platforms, which may involve without limitation, setting up of a profile; username and password, providing email ID; User's name and other personally identifiable information. The User will be solely responsible to ensure confidentiality of his/her username or passwords or account with WealthBloomers. By registering, the User would confirm their consent for being contacted via telephone or email based on the information furnished by the user either by us, or our Affiliates or third parties nominated in this regard for providing better services or for promotional activities related to the WealthBloomers. The User also agrees that the basic information, personal information, provided by them is true, complete and accurate. They agree not to submit any particulars which are false or any information to which they do not have any right or authority to provide. The user is solely responsible for maintaining the confidentiality and security of all activities that occur on or through their access to WealthBloomers. In order to use and/or register withFanfolium, the user must at least be 18 (Eighteen) years old.
5. At its sole discretion, WealthBloomers can and may:
a. Restrict, suspend, or terminate any user's access to all or any part of WealthBloomers;
b. Reject or remove any material that may be submitted by a user;
c. Alter or cease all or any part of the WealthBloomers Platform Services;
d. Move or remove any content that is available on WealthBloomers Platforms;
e. Deactivate or delete a user's account and all related information and files on the account;
f. Offer discounts to its users in ways it finds fit.
g. Revise or alter the list of stocks available for selection in a Contest.
h. Assign its rights and liabilities to all user accounts.In case of any such assignment intimation of such assignment shall be made to the user via messages and/or emails.
6. Legal actions might be taken against users who violate the Terms And Conditions of WealthBloomers. Their account might be cased and they can be indefinitely suspended.
1. WealthBloomers may interact and operate along with various Internet sites owned and operated by third parties. WealthBloomers does not exercise control over any Internet sites apart from WealthBloomers and will not be held responsible for any content residing in any third-party Internet site. Users visiting those sites will be bound by the Terms and Conditions of those sites. WealthBloomers's inclusion of third-party content or links to third-party Internet sites is not in any form their endorsement by WealthBloomers.
2. WealthBloomers will have no say in any activity/interaction/transactions/offers/promises made between a third party that WealthBloomers takes services of viz Payment/Identity verification/data-vending, if ever, and the users themselves. Users' correspondence, transactions and usage of the services/offers of such third party shall be subject to the terms and conditions, policies and other service terms adopted/implemented by such third parties, and the user shall be solely responsible for due diligence on their part before availing the services/offers of such third parties. User agrees that WealthBloomers will not be responsible or liable for any loss or damage of any sort incurred as a result of any such transactions/offers with third parties.
3. WealthBloomers contains(may contain) contents created by WealthBloomers and contents provided by third parties. WealthBloomers does not guarantee the authenticity of the contents provided by third parties.
1. Users agree to not violate the Terms and Conditions and all other rules, regulations and terms of usage of the WealthBloomers platforms. In the unlikely event a user violating one/several of the Terms and Conditions and any other rules, regulations and terms of usage, WealthBloomers can/may/will, at its sole and absolute discretion, act in ways it may find fit.The remedial actions include but are not limited to:
a. restricting, suspending, or terminating the user's access to all or any part of WealthBloomers Services;
b. deactivating or deleting the user's account. Any amount remaining unused in the user's Game account or Winnings Account on the date of deactivation or deletion shall be transferred to the user's bank account on record with WealthBloomers subject to a processing fee (if any) applicable on such transfers as set out herein; or
c. refraining from awarding any prize(s) to the user.
2. Users agree to provide true, accurate, current and complete information at the time of registration and at all other times (as required by WealthBloomers). Users further agree to update any relevant information that has changed since the time of registration or is required by WealthBloomers.
3. A user shall not register or operate more than one User account with WealthBloomers.
4. Any password issued by WealthBloomers to a user can not be revealed to anyone else. Users can not use anyone else's password. Users are responsible for maintaining the confidentiality of their accounts and passwords. Users agree to immediately notify WealthBloomers of any unauthorised use of their passwords or accounts or any other breach of security.
5. Users will have to disclose their real age at the time of registration with WealthBloomers Platform.
6. Users agree not to use WealthBloomers for any of the following :
a. To engage in any vulgar, racial, communal, anti-national, anti-social defamatory or instigating actions or interactions;
b. To distribute or to cause to dispense in any form(electronic or physical), any defamatory, transgressive, obscene, profane, or illegal in any form, content through WealthBloomers services;
c. To threaten, disparage or otherwise violate any legal rights of any other individual/s;
d. To Transmit files that may contain viruses, corrupted files, or any software or programs that can/may damage or disrupt the operation of another person's computer, WealthBloomers, any software or hardware;
e. To advertise, offer or sell any goods or services for any commercial purpose on WealthBloomers without the prior written consent of WealthBloomers;
f. To deliberately misconstrue or falsify an author's attributions, legal or other proper notices or proprietary designations or labels of the origin or the source of software or other material;
g. To download any file, recompile or disassemble or otherwise affect our product/s that the user should reasonably know that they cannot be legitimately procured;
h. To impersonate any person or entity, including, but not limited to, a representative of WealthBloomers, or falsely state or otherwise misrepresent user's affiliation with a person or entity;
i. To collect or store personal information about other users;
j. To try to disrupt WealthBloomers, servers, or networks;
k. To try to manipulate data in order to disguise the origin of any content originating on or transmitted through WealthBloomers or to manipulate user's presence on WealthBloomers platforms;
l. To take any action that imposes an unreasonably or disproportionately large load on our infrastructure;
7. Users are expected not to access WealthBloomers by any means other than through the interface that is provided by WealthBloomers for use in accessing WealthBloomers. Any attempt at an illegal access to WealthBloomers is a breach of the Terms and Conditions. Users can not use any automated means, including, without limitation, robots, bots, scripts, or spiders, to access, monitor, or copy any part of our sites, except those automated means that we have approved in advance and in writing.
8. A chosen 'User Name' must not be communal or inciting or disparaging or derogatory in any form. It must also not have a preexisting copyright. WealthBloomers may, without prior notice to the user, restrict usage of such names, which in WealthBloomers's opinion fall within any of the said categories and/or change such username and intimate the User or delete such username and posts from WealthBloomers, deny such user access to WealthBloomers, or exercise any combination of these options.
9. WealthBloomers is responsible and obligated to state's laws.The Terms and Conditions shall not prevent WealthBloomers from complying with governmental guidelines, courts, and law-enforcement requests or requirements relating to users' usage of WealthBloomers.
10.WealthBloomers may not be held responsible for any content contributed by Users on the WealthBloomers.
In order to notify users of any update/rewards/offers/change in terms and conditions, WealthBloomers will send emails/SMSs to the users. Users hereby agree to receive communications from WealthBloomers and not mark them as spam. It will not be WealthBloomers's responsibility in the event that the users miss any communication initiated by us.
Participants must accurately provide the following information to get themselves registered with WealthBloomers:
1. Their full name
2. Their Email address
3. Their state of residence
4. Their gender
5. Their date of birth
They will also need to choose a suitable password that is unique and not shared with any one.
A participant residing in the states of Assam, Nagaland, Telangana, Odisha and Sikkim must refrain from registering with the application as these states prohibit participation in games of skill for monetary gains. WealthBloomers will take no responsibility if the participant still goes ahead and registers with us.
Participants, before registering with WealthBloomers, confirm to have read all the Terms and Conditions and that they agree with them.
Creating and maintaining portfolios or seeking an expedient position in stocks or indices is a matter of skill acquired through focus, practice and attention to patterns and details.The honourable Indian Supreme Court in the cases of State of Andhra Pradesh v. K Satyanarayana (AIR 1968 SC 825) and KR Lakshmanan v. State of Tamil Nadu (AIR 1996 SC 1153) has held that a game in which success depends predominantly upon the superior knowledge, training, attention, experience and adroitness of the player shall be classified as a game of skill.
By participating in the Pool(s)/games of WealthBloomers, Participants understand and agree that they are participating in games of skill.
Contests Will be presented to participants in the form of Pools. Pools can be public or private. Each pool will be a representation of a variety of games that we offer to the contestants. The games are index based as well as based on stocks. The games are meant to test the market reading abilities of participants. Generally, the most skilled at understanding the underlying sentiment of stocks or indices will come out as winners. Winning isn't random though. Every contestant gets credits based on how their stocks perform or how well they anticipate the movement of prices or the indices i.e., NIFTY 50 and BANKNIFTY. We have explicitly explained the Rules of Participation for each Pool on the Pool page itself.
Users can participate in the contests by paying a pre-designated amount as asked for. The 'pre-designated amount' means and includes pre-determined platform fee for accessing WealthBloomers services and pre-determined participant contribution towards prize money pool. The Participant with the highest aggregate points at the end of the contest shall be eligible to win a prize which is disbursed out of prize money pool, as stated on the relevant Pool(s) page. In case of more than one participant aggregating the same points, the prize money will be distributed among them for their spot. The duration of the Pool(s) and the total number of allowed participants in the Pool(s) will vary but will be declared before letting the users join the Pool(s).
As of now, We don't guarantee, but we do endeavour to create pools that can remain in play even when it is joined by just one contestant. In Pools such as those the contestants will be awarded the Prize by WealthBloomers. It will be within the rights of WealthBloomers to continue or stop such Pools.
Also, WealthBloomers reserves the right to change the format/duration/prize of contests or completely cancel the contests as and when it finds necessary. WealthBloomers shall try to send notifications through emails and/or SMS communications, about any such changes, if they occur. WealthBloomers, however, doesn't guarantee to always inform the participants of all those changes well in advance.
WealthBloomers may provide information/data received through feed providers or publicly available information on securities/indices. Users must do a thorough research of their own from official sources and/or other available sources of information. WealthBloomers can't guarantee the accuracy of such information/data.
WealthBloomers doesn't charge any fee unless a user desires to play a paid contest/game. In order to give you access to games and to be able to organise them seamlessly WealthBloomers charges a certain amount of fee. The entry fees for any contest includes those fees.
The entry amount collected by users at the joining of contests isn't taken up by WealthBloomers. We earn no immediate interests on that. Only after distributing the prizes of the winners do we take our platform fee.
Users are free to withdraw any unused amount that they have deposited with WealthBloomers to be able to access multiple games. They are also free to withdraw any amount that they get as winners of contests.
Sometimes, WealthBloomers will provide bonus amounts to encourage contestants to participate. Those amounts are not withdrawable and can be utilised only on the platform while playing games within a definite time period as provided by WealthBloomers.
Any request for payouts will be completed only after a background checkup of authenticity( Pan/Adhar/ Bank account/ Identity). The payout processes often go through a banking procedure which may take from one to several working days on certain occasions. We do not guarantee immediate payout but we do ensure a payout if the user's authenticity is established and the banking procedures have been duly completed.
WealthBloomers provides two categories of accounts for processing and reconciliation of payments: (i) 'Credits' Account, (ii) 'Winnings' Account. We do not allow a transfer of any amounts in the user's accounts to any other category of account held by the user or any third party account, including a bank account held by a third party.
User's winnings in any Pool will reflect as credits to the User's Winnings Account.
User's remitting the amount through designated payment gateway shall be credited to the user's Credit Account.
Each time a user participates in any game on WealthBloomers, the pre-designated amount shall be debited in the user's account. This amount will be debited primarily from User's 'Credits' Account and thereafter, if there is still an amount of participation fee due, it shall be debited from the User's Winning Account.
In case there is still a due amount in relation to the user's participation in any Pool(s)/game(s), the user will be taken to the designated payment gateway to initiate such payment. In case any amount added by the user through such payment gateway exceeds the remaining amount of the pre-designated amount, the amount in excess shall be transferred to the user's 'Credits' Account and will be available for use in participation in other games or for withdrawal in accordance with these Terms and Conditions.
Each Game involves attributing credit scores to each participating individual based on the movement of stocks or indices or both(depending on the game). The method of credit attribution has been discussed in the Rules of Participation. Winners will be decided after sorting the credits of all participants in a particular pool.
1. As a general practice, winners will be required to provide following documents to vindicate their identity and authenticity :
Their PAN card
A government-issued proof of residence of the user
User's bank account details and proof of the same.
2. WealthBloomers shall not permit a Winner to withdraw his/her prize(s)/accumulated earnings unless the above-mentioned documents have been received and verified within the time-period stipulated by WealthBloomers. The participant must guarantee that the documents they present are the copies of authentic and original documents. If the case turns out to be otherwise WealthBloomers will not entertain any requests of payouts.
3. Participants are required to provide a comprehensive detail of their identity as mentioned in the Terms and Conditions, at the time of registration. WealthBloomers shall not be responsible for communication errors, commissions or omissions including those of the Participants.
4. Only the participants having successfully completed the verification process within the time limit specified by WealthBloomers shall be permitted to withdraw/receive their winning amount. WealthBloomers at its sole discretion and authority may or may not entertain any claims or requests for extension of time for submission of documents.
All prizes shall be subject to deduction of tax ("TDS") as per the Income Tax Act 1961. As of April 1, 2018, the TDS rate prescribed by the Government of India with respect to any prize money amount that is in excess of Rs. 10,000/- is 31.2% of the total prize money amount. In case of any revisions by the Government of India to the aforementioned rate in the future, TDS will be deducted by WealthBloomers in accordance with the then current prescribed TDS rate. Winners will be provided TDS certificates in respect of such tax deductions. The Winners shall be responsible for payment of any other applicable tax, including but not limited to, income tax, gift tax, etc. in respect of the prize money.
The decision of WealthBloomers with respect to the awarding of prizes shall be final, binding and non-debatable.
Participants joining the paid formats of the games must not be residents of any of Assam, Odisha, Sikkim, Nagaland or Telangana. If it is found that a Participant playing the paid formats of the games is a resident of any of the above mentioned states, WealthBloomers shall disqualify such Participant and forfeit any prize won by such Participant. Further WealthBloomers may, at its sole and absolute discretion, suspend or terminate such Participant's account with WealthBloomers. Any amount remaining unused in the User's Credits Account or Winnings Account on the date of deactivation or deletion shall be reimbursed to the User by an online transfer to the User's bank account on record with WealthBloomers, subject to the processing fee (if any) applicable on such transfers.
WealthBloomers may, at its sole and absolute discretion, alter the prizes being offered to winners. Participants shall not raise any claim against WealthBloomers or question its right to modify such prizes being offered, prior to closure of the games.
The Winners shall bear the shipping, courier or any other delivery cost in the prizes are physical and require transportation.
WealthBloomers doesn't hold any responsibility for the transportation of prizes to the winners. WealthBloomers shall not be held liable for any loss or damage caused to any prizes at the time of any such transportation.
The Winners shall bear all transaction costs of cash prizes.
WealthBloomers may be required under certain legislations, to notify users of certain events. Users hereby acknowledge and consent that such notices will be effective upon WealthBloomers posting them on the WealthBloomers web portal or delivering them to the user through the email address provided by the user at the time of registration. Users may update their email address by logging into their account on the WealthBloomers. If they do not provide WealthBloomers with accurate information, WealthBloomers cannot be held responsible for failing to notify the user/s.
WealthBloomers shall not be held liable for any delay or for failing to perform as normally promised or expected resulting from events or causes outside its reasonable control, including but not limited to any failure at performance due to unforeseen circumstances, act of God, import/export prohibition, war, terrorism, riots, acts of civil or military authorities, fire, accidents, network infrastructure failures, strikes, or breaking of transportation facilities,scarcity energy, labor or materials or any other event to which can directly or indirectly affect the funnctioning or performance of WealthBloomers. In circumstances such as those, WealthBloomers shall be entitled to cancel any related games.
WealthBloomers's failure to exercise or enforce any right or provision of these Terms and Conditions shall not constitute a waiver of such right or provision.
Users agree that regardless of any statute or law to the contrary, any claim or cause of action arising out of or related to use of the WealthBloomers or these Terms must be filed within thirty (30) days of such claim or cause of action arising or be considered invalid.
If any part of the Terms and Conditions is determined to be indefinite, invalid, or otherwise unenforceable, the rest of the Terms and Conditions shall continue to be effective.
WealthBloomers is entitled to restrict or ban the use of the WealthBloomers, to any user, in regard to its policies, at its sole and absolute discretion and without any notice.
WealthBloomers may, at its sole and absolute discretion, permanently close or temporarily suspend any WealthBloomers Services (including any games/Pool(s)).
The courts of competent jurisdiction at Nawada, Bihar shall have exclusive jurisdiction to determine any and all disputes arising out of, or in connection with, the services provided by WealthBloomers (including the games/Pool(s)), the construction, validity, interpretation and enforceability of these Terms and Conditions, or the rights and obligations of the users or WealthBloomers, as well as the exclusive jurisdiction to grant interim or preliminary relief in case of any dispute referred to arbitration as given below. All such issues and questions shall be governed and construed in accordance with the laws of the Republic of India.
In the event of any legal dispute ( legal issue or question), the party raising the dispute shall notify the other party, in writing. On receipt of Notification, the parties shall first try to resolve the dispute through discussions. In the event that the parties are unable to resolve the dispute within fifteen (15) days of receipt of Notification, the dispute shall be settled by arbitration.
The place of arbitration shall be Nawada, Bihar, India. All arbitration proceedings shall be conducted in accordance with the provisions of the Arbitration and Conciliation Act, 1996, in its latest amended form.
The arbitration award will be final and binding on the Parties, and each Party will bear its own costs of arbitration unless the arbitral tribunal decides otherwise. The arbitrator shall be entitled to pass interim orders and awards, including the orders for specific performance and such orders would be enforceable in competent courts.
Nothing contained in these Terms and Conditions shall prevent WealthBloomers from seeking and obtaining interim or permanent equitable or injunctive relief, or any other relief available to safeguard WealthBloomers's interest prior to, during or following the filing of arbitration proceedings or pending the execution of a decision or award in connection with any arbitration proceedings from any court having jurisdiction to grant the same. The pursuit of equitable or injunctive relief shall not constitute a waiver on the part of WealthBloomers to pursue any remedy for monetary damages through the arbitration described herein.
Users agree that they will access the WealthBloomers Services provided on WealthBloomers voluntarily and at their own risk. WealthBloomers shall, under no circumstances be held responsible or liable on account of any loss or damage sustained (including but not limited to any accident, injury, death, loss of property) by users or any other person or entity during the course of access to the WealthBloomers or as a result of acceptance of any prize.
By joining the games and accessing the WealthBloomers platforms, users hereby agree to indemnify WealthBloomers, and/ or any of its directors, employees, partners, associates and licensors, from and against all liability, cost, loss or expense arising as a result of their access to the WealthBloomers Services including (but not limited to) personal injury and damage to property directly, indirectly, or as a result of negligence on the user's part or omission on their part, or by any means either foreseeable or unforeseeable.
WealthBloomers accepts no liability, whether jointly or severally, for any errors or omissions, whether on behalf of itself or third parties in relation to the prizes.
WealthBloomers will not be held responsible for any consequences arising out of the users' access to WealthBloomers. The users can/shall be held accountable for acting illegally or for not acting in accordance with the Terms and Conditions. Users also undertake to indemnify WealthBloomers and their respective officers, directors, employees and agents on the occurrence of such an event on full indemnity basis for any loss/damage suffered by WealthBloomers.
Users shall indemnify, defend, and hold WealthBloomers harmless from any third party/entity/organisation claims arising from or related to the user's engagement with WealthBloomers or participation in any contest. In no event shall WealthBloomers be held liable to any user for acts or omissions arising out of or related to user's engagement with the WealthBloomers or their participation in any contests.
1. WealthBloomers endeavours to provide the users with seamless and hassle free services. Yet in the event of miscommunication or mistimed delivery of information, WealthBloomers shall take no responsibility for any damages incurred by users/participants as a consequence, as permissible under law.
2. Any material accessed, downloaded or procured in any form through WealthBloomers is done at the user's and only user's discretion, competence, acceptance and risk, and the user will be solely responsible for any damage or potential damage to their phone or tablet or computer or loss of data that results from the user's download of any such material. WealthBloomers, its partners, licensors, employees, directors or officers will not accept any liability for any such damage/harm.
3. In the event of an error in determination of Winners or in the transfer of amounts to a users' accounts, WealthBloomers reserves the right to rectify the error in ways as it may find proper, including through a set-off of the erroneous payment from amounts due to the users or deduction from the users' account of the amount of erroneous payment. In case of exercise of remedies in accordance with this clause, WealthBloomers agrees to notify the users of the error and of the rectification of the same.
4. In the event of the organisation of a contest that requires a certain permission by respective authorities and in failure on the part of WealthBloomers to acquire a favourable permission the contest/game/pool will stand cancelled/suspended even if it had been joined by participants and was completed on the application or WealthBloomers platform.To the extent permitted under law, in the event of suspension/cancellation of any services, contest or games, users shall not be entitled to make any claims of any nature whatsoever.
1. WealthBloomers isn't just the application. It's an all inclusive combination of the contests, animations, ideas, pictures, videos, audios, logos, writings and more present on any or all of the platforms associated with WealthBloomers as owned by WealthBloomers Services Private Limited. None of its contents can either be copied or modified or published or transported or displayed or disseminated either in part or in whole without an explicit in writing permission of WealthBloomers Services Private Limited.
2. Any material/content published on WealthBloomers by users shall be the sole responsibility of users. WealthBloomers will not be held liable for any publication made on WealthBloomers by any of its users if such publication is found to be in violation of any copyright or any other legal binding.
3. Users hereby grant to WealthBloomers and its affiliates, licensors, associates and partners an irrevocable, royalty-free, non-exclusive, sub-licensable licence to store, use, publish, disseminate, display and transfer in any form original or derived, partly or completely, their(users') contents across any platform electronic or physical.
