Terms and Conditions
TERMS AND CONDITIONS FOR APPOINTMENT AS RETAILER/DISTRIBUTOR/MASTER DISTRIBUTOR These terms and conditions (Terms and Conditions) shall apply to and govern the commercial arrangement between Shield Digital Payments Solution Pvt. Ltd. and the Retailer/Distributor/Master Distributor. These Terms and Conditions and any attachments hereto represent the entire agreement between Shield Digital Payments Solution Pvt. Ltd. and the Retailer/Distributor/Master Distributor and no changes to the same are binding unless they are in writing and intimated by the authorized representative of Shield Digital Payments Solution Pvt. Ltd..
“Shield Digital Payments Solution Pvt. Ltd.” is a digital financial facilitation service provider, a company in- corporated under the Companies Act, 2013 and having its registered office at 8-365, Plot - 232, 3nd floor, Kondapur, Near ICICI Bank, HYDERABAD - 500085. (hereinafter referred to as the Company/Shield Digital Payments Solution Pvt. Ltd. which expression shall unless repugnant to the context or meaning thereof mean and include its successors and permitted assigns).
1. OPERATION OF THE RETAIL /Distributor/Master Distributor OUTLET
1.1 During the Term, the Retailer/Distributor/Master Distributor shall render the services (“Services”) of Shei-ld Digital Payments Solution Pvt. Ltd, by and through such of its officers, employees, agents, representatives and affiliates as it shall designate, from time to time. Notwithstanding anything contrary contained in these Terms and Conditions, Shield Digital Payments Solution Pvt. Ltd shall have the right at any time, to modify, alter and amend the lists of Services, including the manner, procedure, process in which the Retailer/ Distributor/Master Distributor will be required to perform the Services and the Retailer/Distributor/Master Dis- tributor shall be bound by all such modifications, alterations and amendments made by Shield Digital Pay- ments Solution Pvt. Ltd.
1.2 The Retailer/Distributor/Master Distributor shall only market, distribute, sell or promote such Shield Digi- tal Payments Solution Pvt. Ltd. Services as are permitted expressly by Shield Digital Payments Solution Pvt. Ltd. The Retailer/Distributor/Master Distributor shall not automatically have the right to market, sell, distribute, or promote any product or service that may be provided by other retail outlets, whether in the present or in the future. In the event of any addition to the Services, Shield Digital Payments Solution Pvt. Ltd. may, at its sole discretion, intimate the Retailer/Distributor/Master Distributor that the Retailer/Distributor/Master Distributor is entitled to sell, market, distribute and promote such product or service. Shield Digital Payments Solution Pvt. Ltd. shall also have the right to direct the Retailer/Distributor/Master Distributor to discontinue providing any of the Shield Digital Payments Solution Pvt. Ltd. Services at the Retail Outlet without assigning any reason whatsoever.
1.3 Shield Digital Payments Solution Pvt. Ltd. shall specify to the Retailer/Distributor/Master Distributor, the necessary infrastructure and equipment including but not limited to computer terminals, peripherals attach- ments, internet and broadband connectivity, mobile device and/or any such device with GPRS connectivity, HTML enabled, which is compatible enough to run Shield Digital Payments Solution Pvt. Ltd. Software/ Services etc, for effectively providing the Shield Digital Payments Solution Pvt. Ltd. Services, which the Re- tailer/Distributor/Master Distributor shall acquire at its sole expense. In case of the MPOS Application, the Re- tailer/Distributor/Master Distributor shall be entitled to install the Shield Digital Payments Solution Pvt. Ltd. Software on that particular mobile device and/or any such other device, which is proposed to be registered with Shield Digital Payments Solution Pvt. Ltd. for availing Shield Digital Payments Solution Pvt. Ltd. Services, and no other mobile/device of the Retailer/Distributor/Master Distributor shall have such Software installed un- less registered under the terms and conditions of this Agreement. Further, the Retailer/Distributor/Master Dis- tributor shall prominently display the Shield Digital Payments Solution Pvt. Ltd. signage, signboards, logos, etc at a prominent place in the Retail Outlet, strictly in accordance with the directions issued by Shield Digital Payments Solution Pvt. Ltd. in this regard.
1.4 Upon satisfactory installation and operation of the necessary equipment and peripherals, Shield Digital Payments Solution Pvt. Ltd. shall, subject to these Terms and Conditions, install the necessary software and other Shield Digital Payments Solution Pvt. Ltd. Intellectual Property to enable the provision of the Services. All Services shall be provided solely through the portal of Shield Digital Payments Solution Pvt. Ltd. or are recorded therein and no offline transactions are permitted and/or no such fake/false receipts should be issued by the Retailer/Distributor/Master Distributor for the willful fraud transaction done by the Retailer/Distributor/ Master Distributor which are not transacted through Shield Digital Payments Solution Pvt. Ltd. Software/ portal. However, if any Retailer/Distributor/Master Distributor is found and/or discovered doing any such mali- cious/wrong/willful/fraudulent acts and/or offline transactions, it shall be liable and charged for such civil/penal and criminal acts by and under but not limited to the Indian Penal Code 1860 and Criminal Procedure Code
1973.
1.5 The Retailer/Distributor/Master Distributor shall obtain all necessary license(s), permits and approvals for selling, distributing, marketing and promoting the Services from the Retail Outlet and shall bear all costs and incidental expenses incurred in this regard, including without limitation all fees for application, license fees, charges and taxes.
1.6 The Retailer/Distributor/Master Distributor shall keep the Retailer/Distributor/Master Distributor Outlet open for business during normal business hours, or as permitted by law or such other time period as Shield Digital Payments Solution Pvt. Ltd. may specify from time to time.
1.7 The Retailer/Distributor/Master Distributor shall ensure that the Retail Outlet is utilized for the purpose of rendering the Services in accordance with these Terms and Conditions. The Retailer/Distributor/Master Distrib- utor shall further ensure that and shall not cause or permit (a) any material that may not be made available to the public under applicable law, including without limitation any vulgar, obscene, pornographic, misleading, de- famatory, libellous, offensive, derogatory, threatening, harassing, abusive or violent content, to be made availa- ble in the Retail Outlet or (b) any activities that are proscribed under law or reasonably considered to be immor- al or against public interest.
1.8 Shield Digital Payments Solution Pvt. Ltd. may, at its sole discretion and with or without consideration, provide training manuals, technology support, ongoing advice and assistance to the Retailer/Distributor/Master Distributor and designated employees of the Retailer/Distributor/Master Distributor, including, provision of bro- chures, pamphlets, charts, signboards, signage and other materials for the purposes of advertisement, promo- tion and marketing the Services. Any materials supplied by Shield Digital Payments Solution Pvt. Ltd. shall be utilized solely in relation to the provision of Services and the Retailer/Distributor/Master Distributor shall en- sure that such materials are not utilized for any other purpose.
1.9 The Retailer/Distributor/Master Distributor shall not encroach/poach upon the areas of operation of other neighbouring Retailer/Distributor/Master Distributors appointed by Shield Digital Payments Solution Pvt. Ltd. or act in any manner which will prejudice the business prospects of neighbouring Retailer/Distributor/Master Distributors appointed by Shield Digital Payments Solution Pvt. Ltd.
2. DEFINITIONS AND INTERPRETATION
2.1. In this Terms of Use, unless the contrary intention appears and/or the context otherwise requires, capital- ised terms defined by: (i) inclusion in quotations and/ or parenthesis have the meanings so ascribed; and (ii) the following terms shall have the meanings assigned to them herein below:
“Applicable Law” includes all applicable Indian statutes, enactments, acts of the state legislature or parlia- ment, laws, ordinances, rules, bye-laws, regulations, notifications, guidelines, directions, directives and orders of any governmental authority, statutory authority, board, recognized stock exchange, as may be applicable including but not limited to Guidelines on Managing Risks and Code of Conduct in Outsourcing of Financial Services by Banks, Business Correspondent Guidelines issued by RBI from time to time, Payment & Settle- ment Systems Act, 2007, Payment & Settlement Systems Regulations, 2008, Policy Guidelines on Issuance and operation of Pre-paid Payment Instruments in India, and any other guideline in relation to pre-paid cards issued from time to time by Reserve Bank of India and in each case, any implementing regulation or interpreta- tion issued thereunder including any successor Applicable Law;
“Applicant” shall mean You or any individual person above the age of [18 (eighteen)] years, using an opera- tional mobile phone connection, who applies either on his owner approaches Retail Partner at the Retail Outlet locations and/or such other locations, for availing the Company Services;
“Company Rules” shall mean policies issued by the Company with respect to its strategic business partners, retail partners, distributors, Consumers including but not limited to the policy on the code of conduct and other sales and management policies as issued on the Website, Platform and/ or otherwise and amended from time to time;
“Consumer” shall mean an Applicant who upon submission of the CAF and upon completion of necessary for- malities, is found to be eligible by Company as per guidelines issued by RBI (if any), to avail the Company Ser- vices and has opened a Membership Account;
“Governmental Authority” means any nation, state, sovereign, or government, any federal, regional, state, local or political subdivision and any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government, constitutionally established and having jurisdiction over any of the par- ties (to the extent relevant to the transactions contemplated hereby) or the assets or operations of any of the foregoing or the transactions contemplated hereby;
“INR” or “RS” means Indian Rupees, the lawful currency of the Republic of India;
“Intellectual Property” shall mean all intellectual property used for the purpose of or in association with or in relation to providing the Company Services utilising the Platform and includes without limitation, (a) Software, operating manuals, software code, program, instructions, specifications, processes, input methods, data or in- formation used in relation to, in association with or for the operation of the software installed by Company ; (b) the trademarks, service marks, trade names, business names, logos, symbols, styles, colour combinations used by Company during the course of its business and all depictions, derivations and representations thereof; (c) all promotional material including without limitation, advertisements, literature, graphics, images, content and the „look and feel‟ of all of the above; and (d) all techniques, formulae, patterns, compilations, processes, inventions, practices, methodology, techniques,
“Tax” or “Taxes” shall mean any and all taxes, GST, cess, levies, imposts, duties, charges, deposits, fees, de- ductions or withholdings that are, or that are to be, imposed, levied, collected, withheld or assessed, together with any and all interest, penalties, claims or other liabilities arising under or relating thereto;
3. ACCEPTANCE AND APPOINTMENT AS RETAILER/DISTRIBUTOR/Master Distributor
3.1 These Terms and Conditions shall come into force from the date (Effective Date) of Retailer/Distributor/ Master Distributor Application Form attached herewith. Within 30 (thirty) days from the date of acceptance by Retailer/Distributor/Master Distributor, the Retailer/Distributor/Master Distributor shall commence business in accordance with these Terms and Conditions.
3.2 The Retailer/Distributor/Master Distributor acknowledges that it has read and understood these Terms and Conditions at the time of making an application to Shield Digital Payments Solution Pvt. Ltd. for operation of a retail outlet to provide the Services (as defined herein) under the name and style of “Shield Digital Pay- ments Solution Pvt. Ltd.” and that it has had sufficient time to evaluate the financial requirements, equipment required to conduct the business, services applicable/ enable in his area of operation and risks associated with the establishment and operation of the retail outlet.
3.3 : During the Term and subject to these Terms and Conditions, Shield Digital Payments Solution Pvt.Ltd hereby appoints the Retailer/Distributor/Master Distributor and the Retailer/Distributor/Master Distributor hereby accepts the appointment as a Shield Digital Payments Solution Pvt.Ltd Retailer/Distributor/Master Distribu- tor, to establish and operate a retail outlet at such address as specified in the Retailer/Distributor/Master Dis- tributor application form attached herewith for the purpose of marketing, selling and providing the Services (“Retail Outlet”). No changes to the address as mentioned in the Retailer/Distributor/Master Distributor Applica- tion form shall be permitted, except with the prior written consent from Shield Digital Payments Solution Pvt.Ltd whereas such consent shall be signed by the Authorized Representative of the level of Vice President or above.
3.4 The appointment of the Retailer/Distributor/Master Distributor under these Terms and Conditions shall re- main valid up to the termination (“Term”). Shield Digital Payments Solution Pvt.Ltd may exercise its right of withdrawal by giving a notice in writing to the Retailer/Distributor/Master Distributor 1 (one) month prior to with- drawal unless any breach of this agreement by the Retailer/Distributor/Master Distributor.
3.5 The Retailer/Distributor/Master Distributor may describe himself as an „authorized Retailer/Distributor/ Master Distributor‟ of Shield Digital Payments Solution Pvt.Ltd, but must not hold [itself/himself] out as being entitled to bind Shield Digital Payments Solution Pvt.Ltd in any way. The Retailer/Distributor/Master Distribu- tor shall not make, cause or permit, directly or indirectly, any description or projection of itself as a partner or employee or officer or representative of Shield Digital Payments Solution Pvt.Ltd.
3.6 Shield Digital Payments Solution Pvt.Ltd is in the business of facilitating/distributing/marketing/providing product(s)/service(s) of various service providers to enable them to expand the distribution networks for the services provided by them.
1. 3.7 The Retailer/Distributor/Master Distributor has understood the business model and is aware that Shil - ed Digital Payments Solution Pvt.Ltd is just a facilitator and distributor of products and services and does not own such services or products by itself. Shield Digital Payments Solution Pvt.Ltd takes reasonable efforts to make available the services and products, however, shall not be liable and responsible for any deficiency of such services and products. Shield Digital Payments Solution Pvt.Ltd further also takes reasonable efforts to provide its best uninterrupted services at best quality; however, technological systems are prone to interruption for upgradation, maintenance, break down of either the systems of Shield Digi- tal Payments Solution Pvt.Ltd or that of the Service Providers‟. The Retailer/Distributor/Master Distributor shall be managing his business considering such interruptions.
4. PAYMENTS AND COMMISSIONS
4.1 Non Refundable Registration Fee: The Retailer/Distributor/Master Distributor shall deposit such an amount (“Registration Fees”) by way of a non-refundable registration fee as per commercial terms defined by Shield Digital Payments Solution Pvt.Ltd on or before the Effective Date.
4.2 Working Capital: The Retailer/Distributor/Master Distributor shall maintain and deposit with Shield Digital Payments Solution Pvt.Ltd working capital (“Working Capital”) in a bank designated and intimated to the Retail- er/Distributor/Master Distributor for this purpose (“Designated Bank”) which will be an interest free deposit. The Working Capital limit may be increased from time to time by way of written intimation to the Retailer/Distributor/ Master Distributor. The Retailer/Distributor/Master Distributor shall immediately deposit such further amounts to ensure that the Working Capital is maintained at the aforementioned amounts at all times.
4.3 Working Capital Limit: The Retailer/Distributor/Master Distributor shall be entitled to a credit limit equivalent to the Working Capital balance in the books of Shield Digital Payments Solution Pvt.Ltd (“Credit Limit”). The Retailer/Distributor/Master Distributor may enter into transactions up to the value of the existing Credit Limit. In the event the value of the transactions exceed the Credit Limit, all further transactions exceeding the Credit Limit shall automatically be blocked until the Credit Limit is sufficient to permit further transactions. In the event the Retailer/Distributor/Master Distributor desires to enter into transactions in excess of the Credit Limit, the Retailer/Distributor/Master Distributor shall deposit the amount either with the Distributor or Shield Digital Payments Solution Pvt.Ltd as the case may be to increase its Credit Limit accordingly. The Distributor/ Shi - eld Digital Payments Solution Pvt.Ltd shall, at their sole discretion, permit enhancement of the Credit Limit. If the amount is deposited with the Distributor, the Retailer/Distributor/Master Distributor needs to obtain proper receipt and the limit gets enhanced from the Distributor. Shield Digital Payments Solution Pvt.Ltd shall not be responsible for any liabilities in such an event.4.4 Commission: The Retailer/Distributor/Master Distributor shall be entitled to commission, which shall be ad- justed on a daily basis/monthly basis/transaction basis, for the provision of the Services at a rate to be intimi- dated by Shield Digital Payments Solution Pvt.Ltd to the Retailer/Distributor/Master Distributor from time to time through its portal, either by way of credit to the Working Capital or the Retailer/Distributor/Master Distribu- tor may deduct the commission due to it, prior to depositing the proceeds of a transaction in the Current Ac- count. The Retailer/Distributor/Master Distributor shall be regularly updated on the Rates of Commission through the Portal. Shield Digital Payments Solution Pvt.Ltd, at its sole discretion shall decide the sharing of Gross Margin with the Retailer/Distributor/Master Distributors and its decision will be final. It is presumed that the Retailer/Distributor/Master Distributor has agreed to such commission / margin before the transaction. Any dispute in this regards will not be admissible by Shield Digital Payments Solution Pvt.Ltd.
4.5 Prices and discounts: All prices, charges, fees and discounts for all Shield Digital Payments Solution Pvt.Ltd Services shall be determined, and may from time to time be revised, by Shield Digital Payments So- lution Pvt.Ltd at its sole discretion. The Retailer/Distributor/Master Distributor shall not collect cash from the customers by offering discounts on the Services which do not have Shield Digital Payments Solution
Pvt.Ltd‟s sanction. The Retailer/Distributor/Master Distributor shall also not provide any incentives, subsidies or do any act/ omission or thing, which shall have the effect of providing incentives or subsidies on the Services. The Retailer/Distributor/Master Distributor acknowledges that Shield Digital Payments Solution Pvt.Ltd has the right to alter the prices or nullify any sales that have been entered in the portal.
4.6 Taxes: All current and/or future taxes or similar fees including without limitation GST, value added tax, ser- vice tax and other local or municipal taxes shall be payable by the Retailer/Distributor/Master Distributor. Such amounts shall not be retained by the Retailer/Distributor/Master Distributor while retaining its commission. Pay- ments made to the Retailer/Distributor/Master Distributor shall be subject to such withholdings as prescribed under applicable law. Subject to the aforesaid, Shield Digital Payments Solution Pvt.Ltd assumes no respon- sibility for the tax compliance of the Retailer/Distributor/Master Distributor.
4.7 Costs: All costs and expenses for operation of Shield Digital Payments Solution Pvt.Ltd Kiosk including but not limiting to electricity, telephone, staff salary, traveling, promotional activities and other similar out-of- pocket expenses incurred in the performance of the Services shall be borne by the Retailer/Distributor/Master Distributor.
4.8 Activity/Inactivity charges: A minimum monthly charges plus Taxes may be levied by Shield Digital Pay- ments Solution Pvt.Ltd and the same shall be deducted from the Retailer/Distributor/Master Distributor‟s Work- ing Capital balance. The Retailer/Distributor/Master Distributor hereby agrees and acknowledges to pay such charges as intimated to the Retailer/Distributor/Master Distributor from to time.
4.9 Set off: Shield Digital Payments Solution Pvt.Ltd may, deduct sums due from the Retailer/Distributor/ Master Distributor under these Terms and Conditions from any sums due to the Retailer/Distributor/Master Dis- tributor under the same and the Retailer/Distributor/Master Distributor hereby consents to such set off being made by Shield Digital Payments Solution Pvt.Ltd.
5. EMPLOYEES
5.1 The Retailer/Distributor/Master Distributor shall be solely responsible for all such personnel employed by it, including payment of wages, making of contributions under various labour laws, such as the Employees Provi- dent Fund and Miscellaneous Provisions Act, 1952, the Employees State Insurance Act, 1948, etc.
5.2 The Retailer/Distributor/Master Distributor acknowledges that it shall be responsible for all acts and omis- sions of its employees, subordinates, agents, aforesaid assignees or other personnel engaged by the Retailer/ Distributor/Master Distributor.
6. EXCLUSIVITY AND NON COMPETE
6.1 During the continuation Term of this agreement, the Retailer/Distributor/Master Distributor shall not, directly or indirectly, through any other person, firm, corporation or other entity (whether as an officer, director, employ- ee, partner, consultant, holder of equity or debt investment, lender or in any other manner or capacity):(a) market, offer and/or perform services similar to that being developed, offered or sold by Shield Digital Payments Solution Pvt.Ltd;
(b)solicit, induce, encourage or attempt to induce or encourage any employee or consultant of Shield Digital Payments Solution Pvt.Ltd to terminate his or her employment or consulting relationship with Shield Digital Payments Solution Pvt.Ltd, or to breach any other obligation to Shield Digital Payments Solution Pvt.Ltd; (c) solicit, interfere with, disrupt, alter or attempt to disrupt or alter the relationship, contractual or otherwise, be- tween Shield Digital Payments Solution Pvt.Ltd and any other person including, without limitation, any con- sultant, contractor, customer, potential customer, or supplier of Shield Digital Payments Solution Pvt.Ltd; or
(d) engage in or participate in any business conducted under any name that shall be the same as or similar to the name of Shield Digital Payments Solution Pvt.Ltd or any trade name used by Shield Digital Payments Solution Pvt.Ltd.
7. INTELLECTUAL PROPERTY
7.1 No license under any patents, copyrights, trademarks or any other intellectual property rights of Shield Digital Payments Solution Pvt.Ltd / its affiliates / its Service Provider(s) / third party(ies) is granted to or con- ferred upon to the Retailer/Distributor/Master Distributor by virtue of being the Retailer/Distributor/Master Dis- tributor of Shield Digital Payments Solution Pvt.Ltd. The Retailer/Distributor/Master Distributor shall not ac- quire any interest and right on the trademark(s), trade name(s), logo, etc. of other party including Shield Digi- tal Payments Solution Pvt.Ltd by virtue of this Agreement and shall not use the logos, trademark of Shield Digital Payments Solution Pvt.Ltd/owner of intellectual property on including interalia the Retailer/Distributor/ Master Distributor‟s Rubber stamps, letterheads, Visiting Cards, websites etc. and/or any such material in what- soever manner.
7.2. The Retailer/Distributor/Master Distributor agrees to protect the logo, trade name and trademark of Shi - eld Digital Payments Solution Pvt.Ltd and not use the same, in any unauthorised manner, whatsoever, includ- ing inter alia as a tool for acknowledging payments accepted by the Retailer/Distributor/Master Distributor/his representative, thereby creating false impression about the authenticity of such acknowledgment / receipt. The Retailer/Distributor/Master Distributor hereby undertakes to indemnify, defend and hold Shield Digital Pay- ments Solution Pvt.Ltd harmless for all loss(es) / damage(s) arising due to infringement of this clause.
The Retailer/Distributor/Master Distributor is aware of the consequences, if at all, the Retailer/Distributor/Master Distributor and/or his representative are found in unauthorized use of Shield Digital Payments Solution
Pvt.Ltd logo/ trade name(s) in any manner, then strict action shall be taken against the Retailer/Distributor/ Master Distributor, including permanent deactivation of his Services, but not limited to any other legal action which Shield Digital Payments Solution Pvt.Ltd may deem fit and proper, under the provisions of law.
8. CONFIDENTIALITY AND SECURITY
8.1 The Retailer/Distributor/Master Distributor agrees that all information disclosed by Shield Digital Pay- ments Solution Pvt.Ltd or which the Retailer/Distributor/Master Distributor gets in the course of negotiating this Agreement is confidential in nature and hence cannot be disclosed. Each Party may disclose the existence of this Agreement, but agrees that the terms and conditions of this Agreement will be treated as Confidential Infor- mation; provided, however, that each Party may disclose the terms and conditions of this Agreement: (a) as required by any court or other governmental body;
(b) as otherwise required by law; (c) to legal counsel of the Parties; (d) in confidence, to accountants, banks, and financing sources and their advisors; (e) in connection with the enforcement of this Agreement or rights under this Agreement; or (f) in confidence, in connection with an actual or proposed merger, acquisition or simi- lar transaction.
8.2 The Retailer/Distributor/Master Distributor also agrees that on and from the date of this Agreement all infor- mation, which the Retailer/Distributor/Master Distributor may obtain from Shield Digital Payments Solution Pvt.Ltd pursuant to this Agreement, shall be kept confidential by the Retailer/Distributor/Master Distributor and shall not be disclosed to any third party, save and except with the prior written consent of the Shield Digital Payments Solution Pvt.Ltd.SECURITY OF CONFIDENTIAL USER INFORMATION:-
8.3 Security of POS User ID and Password: The Retailer/Distributor/Master Distributor shall be solely, exclu- sively and absolutely responsible and liable for safe-guarding and/or securing the confidentiality of the user id and passwords relating to access of Shield Digital Payments Solution Pvt.Ltd Services and such other rele- vant information, in whatsoever name called pertaining to the Retailer/Distributor/Master Distributor/User Ac- count of the Retailer/Distributor/Master Distributor.
8.4 Unauthorized Access: The Retailer/Distributor/Master Distributor shall take all necessary precautions to prevent unauthorized and illegal use of Shield Digital Payments Solution Pvt.Ltd services and unauthorized access to the Retailer/Distributor/Master Distributor Accounts provided by Shield Digital Payments Solution Pvt.Ltd. The Retailer/Distributor/Master Distributor hereby agrees that Shield Digital Payments Solution Pvt.Ltd shall not be held liable and/or responsible for any wrong doings/ misappropriation/ misrepresentation/ any leakage of passwords and for any liability arising due to insufficient security maintained by the Retailer/ Distributor/Master Distributor with respect to the Retailer/Distributor/Master Distributor account. Shield Digital Payments Solution Pvt.Ltd shall take all commercially viable and/or reasonable care to, ensure the security of and to prevent unauthorized access, using commercially viable and reasonable technology available to Shi - eld Digital Payments Solution Pvt.Ltd.
8.5 Fraud/fake transactions: Shield Digital Payments Solution Pvt.Ltd shall not be liable and/or responsible for any fraud/fake transactions occurring from the Retailer/Distributor/Master Distributor id by any third party. Shield Digital Payments Solution Pvt.Ltd takes utmost care for encryption of the Retailer/Distributor/Master Distributor‟s personal details. However, Shield Digital Payments Solution Pvt.Ltd cannot control the misuse of the sensitive information like password/s once it is handed over to the Retailer/Distributor/Master Distributor. Retailer/Distributor/Master Distributors shall be responsible to follow standard guidelines for securing their id/ password for the Shield Digital Payments Solution Pvt.Ltd Software.
1. WARRANTIES AND CONVENANTS OF THE RETAILER/DISTRIBUTOR/Master Distributor
9.1 The Retailer/Distributor/Master Distributor hereby warrants, covenants and undertakes that it shall
(a) Promptly, effectively, efficiently and professionally sell, market, distribute and promote the Services and shall promptly respond to all inquiries by any customer or potential customer in relation to the Services;
(b) at all times co-operate with Shield Digital Payments Solution Pvt.Ltd‟s representative(s) and promptly report to Shield Digital Payments Solution Pvt.Ltd any complaints or customer feedback relating to the Ser- vices which may come to the Retailer/Distributor/Master Distributor‟s attention;
(c) Conduct its operations in compliance with applicable law, these Terms and Conditions and all guidelines and instructions that may be provided by Shield Digital Payments Solution Pvt.Ltd from time to time;
(d) Promote Shield Digital Payments Solution Pvt.Ltd‟s business interests;
(e) not do or omit, or cause to be done or omitted, any act, deed or thing, directly or indirectly which may poten- tially result in any damage to, loss of reputation of or any loss to Shield Digital Payments Solution Pvt.Ltd in any manner whatsoever; (f) employ sufficient number of personnel to provide the Services, who shall be ade- quately trained to provide the Services;
(g) Ensure all personnel employed by it comply with these Terms and Conditions and the Retailer/Distributor/ Master Distributor shall be solely responsible for all acts/omissions of such personnel;
(h) Not enter into any agreements with customers or any other third parties which are contrary to law or to the- se Terms and Conditions;
(i) adhere to and shall cause its employees, subordinates, agents, aforesaid assignees or other personnel en- gaged by the Retailer/Distributor/Master Distributor to provide the Services to adhere to the dress code and professional conduct and etiquette as prescribed by Shield Digital Payments Solution Pvt.Ltd from time to time;(j) ensure that none of the Services are denied to any person or group of persons or to any customer save and except with the express written consent and / or instructions of Shield Digital Payments Solution Pvt.Ltd;
(k) not engage in any unfair or unethical trade or practice; (l) not permit unauthorized persons entry into the Re- tail Outlet and shall, under no circumstance, permit any unauthorized person to access the computer/server located at the Retail Outlet or access to information, material, accounts and records in relation to Shield Digi- tal Payments Solution Pvt.Ltd Services;
(m) not permit any other person whosoever, to conduct any business, trade or profession of any nature at the Retail Outlet; and
(n) obtain and maintain all required necessary approvals, permits, waivers, consents, registrations and licenses from the relevant authority to perform all its obligations under these Terms and Conditions.
9.2 The Retailer/Distributor/Master Distributor agrees that it shall be solely liable and responsible for any sei- zure of instruments provided by Shield Digital Payments Solution Pvt.Ltd to it by any governmental authority for its actual or alleged illegal and unlawful act.
9.3 The Retailer/Distributor/Master Distributor agrees that it shall be solely liable and responsible for taking any type of Insurance including but not limited to Cash handling/transit Insurance, in accordance to provide protec- tion to Shield Digital Payments Solution Pvt.Ltd business accordingly from time to time.
9.4 The Retailer/Distributor/Master Distributor agrees and undertakes to ensure that the contact details includ- ing phone number and/or any other credentials of the consumer/s which needs to be captured on Shield Digital Payments Solution Pvt.Ltd platform for acknowledging the transaction done at Shield Digital Pay- ments Solution Pvt.Ltd network, should be genuinely of the customer and/or taken from the customer/s and the Retailer/Distributor/Master Distributor shall not put his own or any fake / wrong credentials on behalf of custom- er/s, in any manner whatsoever.
9.5 The Retailer/Distributor/Master Distributor also agrees that it shall during the Term of this Agreement, allow Shield Digital Payments Solution Pvt.Ltd and/or any other statutory authority/ person of its management, au- ditors, regulators and/or agents the opportunity of inspecting, examining, auditing and/or taking copies of any records with the Retailer/Distributor/Master Distributor in relation to the performance of the Services by the Re- tailer/Distributor/Master Distributor.
9.6 The Retailer/Distributor/Master Distributor shall co-operate with such internal or external auditors and/or as defined above to assure a prompt and accurate audit of the Retailer/Distributor/Master Distributor‟s records and data and shall also co-operate in good faith and in best efforts basis with Shield Digital Payments Solution Pvt.Ltd to correct any practices, which are found to be deficient as a result of any such audit within a reasona- ble time.
10. REPRESENTATIONS AND WARRANTIES
The Retailer/Distributor/Master Distributor represents and warrants that: (a) it has had a full and adequate op- portunity to read and review this Agreement and to be thoroughly advised of the terms and conditions of this Agreement by an attorney or other personal representative, and has had sufficient time to evaluate and investi- gate the provision of Services under this Agreement and the financial requirements and risks associated with the same; (b) Neither the execution of this Agreement nor the performance of the Retailer/Distributor/Master Distributor‟s obligations under this Agreement will result in a violation or breach of any other agreement by which the Retailer/Distributor/Master Distributor is bound; (c) it has and will continue to have the power and au- thority to be bound by these Terms and Conditions and to perform and fulfill all activities contemplated herein and that no other person or entity is required to consent or provide permission to the activities contemplated under these Terms and Conditions and the Retailer/Distributor/Master Distributor is not subject to any agree- ment, judgment or order inconsistent with these Terms and Conditions; (d) the entry into and performance of these Terms and Conditions in accordance therewith shall not result in a violation of applicable law, its charter documents or any other agreement by which it is bound; and (e) it is adequately insured for all liabilities speci- fied herein.10.1 The warranties provided herein by the Retailer/Distributor/Master Distributor are in addition to and do not exclude any of the implied warranties under the applicable law with respect to the activities contemplated under these Terms and Conditions.
11. MISCELLANEOUS
11.1 Governing Law: These Terms and Conditions shall be governed by, and construed in accordance with Indian law as such law shall from time to time be in effect, subject to Aurangabad Jurisdiction courts only.
11.2 Dispute Resolution: The Parties shall try and resolve disputes, if any, arising under these Terms and Con- ditions amicably failing which the same shall be referred to arbitration in accordance with the Arbitration and Conciliation Act, 1996 or any modifications or re-enactments thereof. The arbitration shall be conducted by a sole arbitrator agreed between both Parties. The venue of arbitration shall be New Delhi Only. The arbitration proceedings shall be in English. The award shall be final and binding on the Parties. A Retailer/Distributor/ Master Distributor is a business associate and the relationship is created under this agreement. In no way the Retailer/Distributor/Master Distributor is a customer of Shield Digital Payments Solution Pvt.Ltd and shall not be entitled to the remedy under consumer dispute Act. In the event of disputes between the Retailer/Distributor/ Master Distributor and any other operator of Shield Digital Payments Solution Pvt.Ltd Retail Outlet, such dis- putes shall be resolved by an officer of Shield Digital Payments Solution Pvt.Ltd, whose decision shall be final and binding.
11.3 Non-Exclusive Appointment: The Retailer/Distributor/Master Distributor hereby acknowledges that all of the rights provided under these Terms and Conditions including area of operation, without limitation, the limited license to use Shield Digital Payments Solution Pvt.Ltd Intellectual Property are non-exclusive in nature and nothing herein shall be read to prejudice any right that Shield Digital Payments Solution Pvt.Ltd to any other person any other right or permission to perform the activities contemplated under these Terms and Conditions.
11.4 Force Majeure: If Shield Digital Payments Solution Pvt.Ltd is prevented from performing any of its obli- gations under this Agreement due to any cause beyond Shield Digital Payments Solution Pvt.Ltd‟s reasona- ble control, including, but without limitation to, any act of God, fire, flood, explosion, war, strike, embargo, gov- ernment authority / regulation, civil or military authority, acts or omissions of carriers, transmitters, providers, vandals, or hackers, major system break down and data loss beyond recoverable (a “Force Majeure Event”) the time for Shield Digital Payments Solution Pvt.Ltd‟s performance will be extended for the period of the delay or inability to perform due to such occurrence; provided, however that if Shield Digital Payments Solu- tion Pvt.Ltd is unable to cure that event within 30 (thirty) days of the Force Majeure Event ceasing, or such fur- ther time as may be granted by Shield Digital Payments Solution Pvt.Ltd, Shield Digital Payments Solu- tion Pvt.Ltd may terminate the Retailer/Distributor/Master Distributor‟s appointment without any compensation or damages.
11.5 Injunctive Relief: Shield Digital Payments Solution Pvt.Ltd shall be entitled to injunctive relief in the event of breach of the terms of these Terms and Conditions by the Retailer/Distributor/Master Distributor to pre- vent or curtail any actual or threatened breach by the Retailer/Distributor/Master Distributor of the express pro- visions of these Terms and Conditions or purpose fundamental (though not expressed) to signing of these Terms and Conditions.
11.6 Relationship: The Services rendered by the Retailer/Distributor/Master Distributor under this Agreement shall be provided to Shield Digital Payments Solution Pvt.Ltd on “Principle to Principle” basis, and nothing in this Agreement creates or shall be deemed to create the relationship of partners, a joint venture, employer- employee, or principal-agent between the Parties. The Retailer/Distributor/Master Distributor shall not, without Shield Digital Payments Solution Pvt.Ltd‟s prior written approval, either on its invoices, letterheads or any other place or by any other means, orally or in writing, make any statement or representation, calculated or lia- ble to induce others to believe that the Retailer/Distributor/Master Distributor is the agent of Shield Digital Payments Solution Pvt.Ltd or do any act, deed or things to bind Shield Digital Payments Solution Pvt.Ltd in any way in dealing with any third party (ies). The Retailer/Distributor/Master Distributor is providing services to the customers and any dispute with the consumer shall be sole responsibility of the Retailer/Distributor/Master Distributor.
11.7 Notice: Any notice required to be provided hereunder by one Party to the other shall be given in writing and shall be delivered by (i) personal messenger, (ii) proof of delivery requested courier service or (iii) facsimi- le. All notices shall be delivered to the address of the Parties as provided in the Retailer/Distributor/Master Dis- tributor Application Form.11.8 Assignment: The Retailer/Distributor/Master Distributor may not assign or delegate any of its rights or obli- gations hereunder without a prior written consent from Shield Digital Payments Solution Pvt.Ltd. Subject to the foregoing, the rights and obligations under these Terms and Conditions shall ensure to the benefit of, and shall be binding upon, the heirs, legatees, successors, representatives, and permitted assigns of the respective Parties.
11.9 For the purpose of this Agreement, the term “Software” shall include custom built software that is owned by Shield Digital Payments Solution Pvt.Ltd, or software that has been licensed from third party suppliers by Shield Digital Payments Solution Pvt.Ltd and in relation to which Shield Digital Payments Solution Pvt.Ltd has obtained the right to sub license from such third party suppliers.
11.10 The Retailer/Distributor/Master Distributor shall not sublicense, assign or otherwise transfer the said Soft- ware to any person and/or any third party and is expressly prohibited from distributing, sublicensing, assigning, transferring or otherwise, the Software, or other technical documentation /information pertaining thereto, or any portions thereof in any form.
11.11 The Retailer/Distributor/Master Distributor shall not make any changes / modifications / alterations in en- tire / any part of Software / Intellectual Property of Shield Digital Payments Solution Pvt.Ltd.
11.12 Severability: If for any reason whatsoever any provision of these Terms and Conditions is or becomes, or is declared to be, invalid, illegal or unenforceable under applicable law, then the Parties will negotiate in good faith to agree on one or more provisions to be substituted therefor, which provisions shall, as nearly as practi- cable, leave the Parties in the same or nearly similar position to that which prevailed prior to such invalidity, illegality or unenforceability. Such invalidity, illegality or unenforceability shall not affect any other provisions of these Terms and Conditions, and these Terms and Conditions shall be construed as if such invalid, illegal or unenforceable provision had never been contained in these Terms and Conditions, and the remaining provi- sions of these Terms and Conditions shall be given full force and effect.
11.13 Amendment: No change, alteration, modification or addition to these Terms and Conditions shall be valid unless in writing and properly executed by Shield Digital Payments Solution Pvt.Ltd.
11.14 Waiver: A waiver by Shield Digital Payments Solution Pvt.Ltd in respect of a breach of a provision of these Terms and Conditions by the Retailer/Distributor/Master Distributor will not be deemed to be a waiver in respect of any other breach and the failure of Shield Digital Payments Solution Pvt.Ltd to enforce at any time a provision of these Terms and Conditions will in no way be interpreted as a waiver of such provision.
11.15 Third Parties: Nothing in these Terms and Conditions, unless expressly provided for herein, is intended to confer upon any person, other than the Parties hereto and their permitted successors and assigns, any rights or remedies under or by reason of these Terms and Conditions.
11.16 Further Actions: The Parties shall do or cause to be done such further acts, deeds, matters and things and execute such further documents and papers as may be reasonably required to give effect to the terms of these Terms and Conditions.
11.17 Costs: The Retailer/Distributor/Master Distributor shall bear all taxes, fees, levies and other expenses in relation to its appointment pursuant to these Terms and Conditions.
11.18 Rights Cumulative: The rights, powers, privileges and remedies provided in these Terms and Conditions are cumulative and are not exclusive of any rights, powers, privileges or remedies provided by applicable law or otherwise. No failure to exercise nor any delay in exercising any right, power, privilege or remedy under these Terms and Conditions shall in any way impair or affect the exercise thereof or operate as a waiver thereof in whole or in part. Similarly, no single or partial exercise of any right, power, privilege or remedy under these Terms and Conditions shall prevent any further or other exercise thereof or the exercise of any other right, pow- er, privilege or remedy.
12. CHANGE IN RETAILER/DISTRIBUTOR/Master Distributor
12.1 If the Retailer/Distributor/Master Distributor is an individual, in the event of his/her death, incapacity or ina- bility to operate the Retail Outlet, his/her successor or assignee shall continue to operate the Retail Outlet only after obtaining a prior written consent from Shield Digital Payments Solution Pvt.Ltd.
12.2 If the Retailer/Distributor/Master Distributor is a partnership or a company, in the event of a change in con- trol of the partnership or company, due to a change in the partnership or change in management or majority shareholding of the company, as the case may be, the successors in interest or permitted assigns of the part- nership or the company, as the case, may continue to operate the Retail Outlet only after obtaining a prior writ- ten consent from Shield Digital Payments Solution Pvt.Ltd.
13. TERMINATION
13.1 These Terms and Conditions shall cease to have effect upon expiry of the Term.
13.2 Either Party hereto shall have the right to terminate the Agreement without cause by written notice of 30 days to the other Party.
13.3 Shield Digital Payments Solution Pvt.Ltd shall be entitled to terminate the appointment of the Retailer/ Distributor/Master Distributor by written notice of Thirty [30] days to the Retailer/Distributor/Master Distributor in the following circumstances: (a) the Retailer/Distributor/Master Distributor commits any breach of any of the provisions of these Terms and Conditions and, in the case of a breach capable of remedy, fails to remedy the same within 15 (fifteen) days after receipt of a written notice giving particulars of the breach and requiring it to be remedied; (b) the Retailer/Distributor/Master Distributor at any time breaches any obligation in relation to Shield Digital Payments Solution Pvt.Ltd Intellectual Property; (c) repeated failure to deposit the proceeds of transactions on a daily basis; (d) Shield Digital Payments Solution Pvt.Ltd, subsequent to ascertaining the commercial viability of continuing the appointment of the Retailer/Distributor/Master Distributor, determines that the Retailer/Distributor/Master Distributor is not a fit person to carry out the obligations imposed on it;
(e) the Retailer/Distributor/Master Distributor assigns its rights and obligations under these Terms and Condi- tions in an unauthorized
manner; or (f) immediately upon the occurrence of: (i) the Retailer/Distributor/Master Distributor becomes the subject of a voluntary petition in bankruptcy or any voluntary proceeding relating to insolvency, receivership, liquidation, or composition for the benefit of creditors; or
13.4 Shield Digital Payments Solution Pvt.Ltd shall be entitled to terminate the Appointment without notice: (a) if, by the acts or default of the Retailer/Distributor/Master Distributor, Shield Digital Payments Solution Pvt.Ltd suffers damage to its name and reputation; (b) in the circumstance described in Clause 13.4 (Force Majeure); (c) a change in control or management of the Retailer/Distributor/Master Distributor;(d) any event that would affect the ability of the Retailer/Distributor/Master Distributor to perform its obligations; (g) any of the di- rectors/partners/proprietor of the Retailer/Distributor/Master Distributor are convicted of any criminal charge; or (e) the Retailer/Distributor/Master Distributor is certified and declared to be of unsound mind.
13.5 Shield Digital Payments Solution Pvt.Ltd shall be entitled to terminate the appointment of the Retailer/ Distributor/Master Distributor by giving written notice of seven [7] days to the Retailer/Distributor/Master Distrib- utor, with or without assigning any reasons.
13.6 The right to terminate the appointment of the Retailer/Distributor/Master Distributor under this Clause shall be without prejudice to any other right or remedy of Shield Digital Payments Solution Pvt.Ltd in respect of the breach concerned, if any, or any other breach.Upon termination of appointment of the Retailer/Distributor/Master Distributor (a) within Fifteen (15) days from the date of termination, should clear all amounts due to Shield Digital Payments Solution Pvt.Ltd under the- se Terms and Conditions; (b) immediately return to Shield Digital Payments Solution Pvt.Ltd all Confidential Information provided to the Retailer/Distributor/Master Distributor under this Agreement; (c) immediately return to Shield Digital Payments Solution Pvt.Ltd all material provided to the Retailer/Distributor/Master Distributor under this Agreement; (d) immediately discontinue and cease to use the Shield Digital Payments Solution Pvt.Ltd Intellectual Property and shall immediately hand over any and all copies or documentation of such Intel- lectual Property, including POPs and other manuals, the terminal and software supplied by Shield Digital Payments Solution Pvt.Ltd, if any; (e) immediately and permanently remove the software or cause it to be re- moved from all human and machine readable media (or other memory devices); (f) return all originals and/or copies of the Confidential Information, including the publicity and marketing materials in its possession; (g) pro- vide remote access to Shield Digital Payments Solution Pvt.Ltd to disable any software that Shield Digital Payments Solution Pvt.Ltd had installed; (h) remove all sign boards, banners, glow signboards of Shield Dig- ital Payments Solution Pvt.Ltd from its office and also all such material, which will indicate any association with Shield Digital Payments Solution Pvt.Ltd;
(i) cease to promote, market or advertise Shield Digital Payments Solution Pvt.Ltd or its products/services; and (j) the Retailer/Distributor/Master Distributor shall grant Shield Digital Payments Solution Pvt.Ltd, its em- ployees or agents, access to its information technology systems for a period of Ninety (90) working days after termination.
13.7 Upon Shield Digital Payments Solution Pvt.Ltd serving a notice of termination, or upon expiry of the Term, the Retailer/Distributor/Master Distributor shall ensure that during the period of 1 (one) month leading to the termination, all systems and procedures will be strictly adhered to and all customers are handled properly. All enquiries from customers will be diverted to Shield Digital Payments Solution Pvt.Ltd.
13.8 Notwithstanding the above, the Retailer/Distributor/Master Distributor shall not, if so directed by Shield Digital Payments Solution Pvt.Ltd, discontinue the Services during the notice period and shall continue to pro- vide the Services as per these Terms and Conditions until indicated otherwise by Shield Digital Payments Solution Pvt.Ltd.
13.9 In the event of termination of these Terms and Conditions, the Parties shall settle all claims existing be- tween them, after reconciliation of the accounts. Thereafter, the Retailer/Distributor/Master Distributor shall have no right or claim or entitlement of any kind of compensation or any other payment and Shield Digital Payments Solution Pvt.Ltd shall not, under any circumstances, be liable or responsible, individually or collec- tively or fully or partly, for any kind of loss or expenses incurred by the Retailer/Distributor/Master Distributor including any loss of profits, opportunity cost.
14. INDEMNITY
The Retailer/Distributor/Master Distributor hereby undertakes to indemnify, defend and hold harmless Shield Digital Payments Solution Pvt.Ltd, its affiliates, officers, directors, employees, agents, successors and assign- ees (collectively the “Indemnified Parties”) from and against all claims, damages (special or consequential), losses and expenses, including court costs and reasonable fees and expenses of attorneys, expert witnesses and other professionals, arising out of or resulting from: (a) any action by a third party against the Indemnified Parties that is based on any negligent act, material omission or wilful misconduct of the Retailer/Distributor/ Master Distributor or its employees, personnel, officers or agents and which results in: (i) any bodily injury, sick- ness, disease or death; (ii) any injury or destruction to tangible or intangible property (including computer pro- grams and data) or any loss of use resulting thereof; or, (iii) any violation of any statute, ordinance, or regula- tion; (b) any loss, damage or prejudice suffered by any of the Indemnified Parties due to the breach by the Re- tailer/Distributor/Master Distributor of any applicable laws, by-laws, regulations and guidelines; (c) any loss, damage or prejudice suffered by any of the Indemnified Parties due to the Retailer/Distributor/Master Distribu- tor representing/providing wrong information to third parties in an unauthorized manner on behalf of Shield Digital Payments Solution Pvt.Ltd; (d) any loss, damage or prejudice suffered by reason of any claim or pro- ceeding by any third party against any of the Indemnified Parties due to the infringement of Shield Digital Payments Solution Pvt.Ltd Intellectual Property by the Retailer/Distributor/Master Distributor during the provi- sion of the Services; (e) any loss, damage or prejudice suffered by any of the Indemnified Parties due to any claim made by the Retailer/Distributor/Master Distributor‟s employees against Shield Digital Payments Solu- tion Pvt.Ltd for non-compliance with any labour laws; and (f) any misrepresentation of any representation or warranty of the Retailer/Distributor/Master Distributor under these Terms and Conditions.15. Declaration
15.1 I/We certify that the above information is correct and true to the best of my knowledge and belief. I/We further confirm that I/We have read and understood all the terms and conditions governing my engagement as Retailer/Distributor/Master Distributor. I/We shall abide by these terms and conditions and do understand that these may be amended by the Company from time to time and the same would be acceptable to me all the time as long as I work as an Retailer/Distributor/Master Distributor. I/We confirm having received a copy of the- se terms and conditions and have also pursued these terms and conditions on the website of the Company “www.shieldpe.com”. I/We shall keep myself abreast of all the changes to be made by the Company in the terms and conditions from time to time and the same would be obtained by me directly from the website of the Company. I/We have fully understood that the one time registration fee paid by me is not refundable. No cash has been paid by me to any employee of the Company.
15.2 I/we undertake to always display the rate list of the applicable charges on domestic remittance and shall not overcharge the customers under any circumstances. I/we shall be responsible for payment of all kinds of the taxes including the GST in respect of any charges released from the customers/Retailer/Distributor/Master Distributors/end users on the domestic remittance.
15.3 I/We hereby undertake that I have resigned from all other BCs wherever I had worked previously and am not working with any other BC or any money transfer agency.
15.4 I/We further declare that I will exclusively work with Shield Digital Payments Solution Pvt.Ltd, In respect of Money Transfer till the pleasure of the Shield Digital Payments Solution Pvt.Ltd Or till my services/ association is withdrawn/discontinued by the Shield Digital Payments Solution Pvt.Ltd Or upto the time I re- sign from Shield Digital Payments Solution Pvt.Ltd.
15.5 I have read and fully understood and hereby confirm to undertake, accept and abide by the contents of these Terms and Conditions.
15.5 Communication Disclaimer:-
The Retailer/Distributor/Master Distributor hereby understands and agrees that being a Shield Digital Pay- ments Solution Pvt.Ltd Retailer/Distributor/Master Distributor, Shield Digital Payments Solution Pvt.Ltd may communicate include communications including but not limited to voice, SMS, digital, video, and/or any other mode of innovative communication method, as deemed fit and proper by the Company and that these commu- nications are considered as part and parcel of the Services. The Retailer/Distributor/Master Distributor shall not be able to opt out of receiving these messages and/or communication in any way whatsoever and the Retailer/ Distributor/Master Distributor hereby agrees to receive any communication from the Company. The Retailer/ Distributor/Master Distributor also understands that the communication may include and contain advertise- ments.
I/we hereby also declare that I have also been apprised that these terms and conditions are also available on the website of the Shield Digital Payments Solution Pvt.Ltd –“www.shieldpe.com” which have been duly perused by me on the website of the Company. I/We also undertake that and any change in the terms and con- ditions governing my/our appointment may not be notified by Shield Digital Payments Solution Pvt.Ltd to me/ us but shall be binding on me/us if the change in the terms and conditions are made online by Shield Digital Payments Solution Pvt.Ltd. I/We undertake to keep myself/ourselves updated in respect of change in the Terms and Conditions initiated/made by Shield Digital Payments Solution Pvt.Ltd in its Website-
www.shieldpe.com.
I/We undertake to immediately inform the Company of all my cash deposits and transfer of funds into the desig- nated Bank Accounts of the Company and shall get the limit from the Company thereafter. I/We will ensure my- self that the working limit in the portal by the Company against the cash deposit/fund transfer is made available to me immediately and this will remain as my/our basic responsibility. I /we have noted that the Company will not be held responsible for not assigning of any working limit against my cash deposits/fund transfer if I fail to inform the Company immediately after the deposits and do not get my working limit within two hours of cash deposit/fund transfers made by me/us. I/We have understood very well that in case of any negligence on my/ our part in this regard, may lead to the working limit to someone else by mistake knowingly or unknowingly, for which the Company will not be held responsible under any circumstances. I/we will ensure at my/our own that the proper communication is received at the Company and any failure in this regard would be my/our own re- sponsibility and Company will not be held responsible for that. I/we shall always remain abide by all the terms and conditions as specified above and as may be changed from time to time by the Company in respect of use of the portal and in respect of the domestic money transfer. I/we shall inform immediately in case any excess amount is received in my portal by any means including by the distributor. I/we expressly authorise to the Company for withdrawing any excess amount given by mistake by the Company or by the distributor. I/we expressly accept the right of the Company to adjust any amount which I/we may owe to the Company at any point of time and even for the accrual of all kinds of liabilities which may fall upon me/us due to any kind of claim of the Company.
I/we shall always remain vigil in respect of my/our statement of transactions and balances in the statement and shall report any discrepancy therein to the Company immediately and not later than 24 hours from the time of discrepancy. I/we shall not hold the Company responsible on account of any lapse on my/our part in this re- gard.
I/we undertake to always display the rate list of the applicable charges on domestic remittance and shall not overcharge the customers under any circumstances. I/we shall be responsible for payment of all kinds of the taxes including the service tax in respect of any charges released from the customers/Retailer/Distributor/ Master Distributors/end users on the domestic remittance.
I/We have read and fully understood and hereby confirm to undertake, accept and abide by the contents of the- se Terms and Conditions.
When you visit www.shieldpe.com or send emails to us, you are communicating with us electronically. You will be required to provide a valid phone number. We may communicate with you by email, SMS, phone call or by posting notices on the website or by any other mode of communication.