Skill, Couldn't Ask For More.
Are you ready to astound the world with your exceptional trading skills and prove that you're the one we've been searching for? Prepare yourself for the ultimate challenge as we proudly present the F/O Trading Competition , a platform designed to discover the finest and most determined traders who are ready to dominate the financial markets and seize the incredible opportunity to win + Cash 1st Prize 10,00,000 ₹
Join trading contest now and be a part of
prize pool worth 25,00,000 Rs.....
Tournament
Information...
→ Public Trading Contest : A Complete Guide :-
- Limited seats 1000.
- Start:– 1 st FEBRUARy.
- End:– 29th February.
- Duration – 1 Month
- Registration End:– 31st January.
- Entry Fees:- 99 RS.
- Segments :- Banknifty / Nifty50 / Sensex / Fin-Nifty / MidCap-Nifty......
→ Trading Rules
Brand & Marketing Central
- Fully F/O Based Tournament , so do it carefully. ( इसलिए ध्यान से करना )
- Fix Lot Size - आपको सिर्फ 1 Lot Size से Trade करना होगा :-( NIFTY - 50 Qty / BANKNIFTY -15 Qty / SENSEX - 10 Qty / FINNIFTY - 40 Qty )
- Daily Trade - Daily 3 Trade ही ले सकते हो , अगर 4 Trade किसी भी दिन ली गयी तो आप Disqualify हो जाओगे •
- Risk Disclosure:- you can take a loss under Rs 1000 every day . ( दिन में 1000 Rs से ज्यादा Loss लिया तो Disqualify )
- Duration - 30 दिनों तक 1 Lot Size से Trade करना होगा |
- You have to do trading on your Demat Account.
→ All information about the result ?
- Ranking will be decide from your ROI ( Return Of Investment ). जिसका जितना ROI होगा वो वैसी Rank पर होगा
- Results will come after the tournament ends. ( Tournament ख़त्म होने के 1-2 दिन बाद रिजल्ट आएगा )
- Everyone has to give us their (verified P/L link) immediately after the contest ends.( Contest End होने के तुरंत बाद सबको अपना- अपना Verified P/L Link हमे देना अनिवार्य है|)
IMPORTANT NOTICE
- Registrationकरने के बाद Private Group की Link मिलेगी जिसे आपको Join करना होगा। क्यूंकि Group पर Tournaments के Updates आएंगे |
- अगर Technical Issues की वजह से आप Join नहीं कर पाएंगे तो हमारी Team आपको Inform और Add कर लेगी |
→ Prize Money Withdrawal Process !
- Whose rank will appear on the leaderboard, our team will personally contact them.( जिस-जिस की Rank Leaderboard पर आएगी , हमरी टीम उनसे खुद Contact करेगी। )
- Prize Money - You will get it in your bank account within 1-2 days.(आपको Prize money 2 दिन में आपके बैंक अकाउंट में मिल जायेगे। )
- Payment Methode - Bank Transfer / Phonepe / Google Pay / Paytm .
WHY PARTICIPATE?
- Embark on this thrilling journey to unleash your full trading potential and gain the well-deserved recognition in the trading realm. It's a chance for traders of all backgrounds to prove their mettle, leveraging their expertise, analytical acumen, and impeccable decision-making skills to reach the pinnacle of success and claim a coveted spot among the winners.
SEBI (Securities and Exchange Board of India) guidelines participant eligibility
- Age limit - (18+)
- Trading Experience:- 3 To 5 month
- Financial Capability:- You verify that you are fully responsible in your financial decisions. If yes then join.
- Compliance with Applicable Laws:- You are assured that we will follow all applicable laws and regulations, such as SEBI guidelines, tax laws, and other relevant laws.
- Educational Requirements:-trading-related certifications.
- KYC Compliance:- Know Your Customer (KYC) norms ko follow karna bhi important hai. Participants se necessary KYC documents maangne ka option diya ja sakta hai.
Prize Rewards
RANKING | PRIZE |
1st Place | 10,00,000 ₹ |
2nd Place | 3,00,000 ₹ |
3rd Place | 1,00,000 ₹ |
4th-5th Place | 75,000 ₹ |
6th-10th Place | 25,000 ₹ |
11th-20th Place | 10,000 ₹ |
21st-50th Place | 5,000 ₹ |
51th-100th Place | 1,000 ₹ |
101th - 500th Place | 700 ₹ |
Total Prize Place Money 25,00,000 Rs
4
SEBI legal
guidelines or
regulations
1
SEBI (Securities and Exchange Board of India) guidelines participant eligibility
- Age limit - (18+)
- Trading Experience:- 3 To 5 month
- Financial Capability:- You verify that you are fully responsible in your financial decisions. If yes then join.
- Compliance with Applicable Laws:- You are assured that we will follow all applicable laws and regulations, such as SEBI guidelines, tax laws, and other relevant laws.
- Educational Requirements:-trading-related certifications.
- KYC Compliance:- Know Your Customer (KYC) norms ko follow karna bhi important hai. Participants se necessary KYC documents maangne ka option diya ja sakta hai.
3
Anti-Money Laundering (AML) AML, CDD, and KYC?
- Customer Due Diligence (CDD): - Financial institutions ko customers ke saath business relationships establish karte waqt unke identity ko verify karna hota hai. Yeh process Customer Due Diligence (CDD) ke roop mein jaana jata hai.
- KYC (Know Your Customer):- KYC norms ka palan karna important hai. Financial institutions ko customers ke personal information, address proof, aur identity proof ko verify karna hota hai.
- Transaction Monitoring:- Financial institutions ko apne systems mein transactions ko monitor karna padta hai. Anye unusual ya suspicious transactions ko identify karne ke liye advanced technology ka use hota hai.
- Suspicious Activity Reporting:- Agar kisi transaction mein suspicion hota hai, toh financial institutions ko woh report karna hota hai regulatory authorities ko. Is process ko Suspicious Activity Reporting (SAR) kehte hain.
- Record Keeping:- Financial institutions ko transactions ke records maintain karna hota hai taki regulatory bodies jab chahe, woh information access kar sakein.
- Employee Training: - Financial institutions apne employees ko AML laws aur procedures ke baare mein regularly train karte hain taki woh sahi taur par transactions ko monitor aur report kar sakein.
- AML laws ka main objective hai financial systems ko criminals aur illegal activities se bachana. Yeh laws not only financial institutions par lagu hote hain balki kai sectors, including trading tournaments, bhi inka palan karte hain.
2
Tax Regulations:
- The rate of tax - Awards which are not approved by the Government and prizes are taxed at the rate of 30%.
- TDS incidence - If the amount of the award or the prize is more than INR 10,000, TDS would have to be deducted from the winnings before paying it to the winner according to the provisions of Section 194B.
- Income from Other Sources: Lottery winnings or game show winnings are considered as "income from other sources" under the Income Tax Act.
- Taxable Amount: The entire amount won from a lottery or game show is taxable. It is included in the individual's total income for the relevant financial year.
- Tax Rate: Lottery or game show income is subject to income tax at the applicable slab rate. The tax rates vary based on the income slab the individual falls into, as per the prevailing income tax rates for the relevant financial year.
- TDS (Tax Deducted at Source): The payer or organizer of the lottery or game show is responsible for deducting TDS at the applicable rate before making the payment to the winner. They are required to deduct tax on the winnings and issue a TDS certificate to the winner.
- In the case of winnings from horse races, TDS will be applicable if the amount exceeds Rs 10,000.
- TDS Rate: The TDS rate for lottery winnings is 30% u/s 194B of the winning amount (plus applicable surcharge and cess). For game show winnings, the TDS rate is also 30% (plus surcharge and cess) unless the winner provides a valid Permanent Account Number (PAN), in which case the TDS rate is 31.2% (including surcharge and cess).
- Reporting and Filing of Income Tax Return: If the total income, including the lottery or game show winnings, exceeds the taxable income threshold, the individual is required to file an income tax return. The winnings should be reported as "income from other sources" in the income tax return.
- Deductions and Exemptions: No specific deductions or exemptions are allowed against lottery or game show income. The entire amount is subject to tax at the applicable rate.
- Record-keeping: It is important to maintain proper documentation and records of the lottery or game show winnings, including the TDS certificate received from the payer or organizer. These records should be retained for reference during income tax assessments or inquiries.
SEBI (Securities and Exchange Board of India) guidelines participant eligibility
- Regulation of Payment Aggregator – Cross Border (PA - Cross Border) A reference is invited to the Reserve Bank of India (RBI) circulars on – a) ‘Guidelines on Regulation of Payment Aggregators and Payment Gateways’ – (a) DPSS.CO.PD.No.1810/02.14.008/2019-20 dated March 17, 2020 and (b) CO.DPSS. POLC. No.S33/02-14-008/2020-2021 dated March 31, 2021, b) ‘Processing and Settlement of Export related receipts facilitated by Online Payment Gateways’ - A.P. (DIR Series) Circular No. 17 dated November 16, 2010, c) ‘Processing and Settlement of Export related receipts facilitated by Online Payment Gateways – Enhancement of the value of transaction’ - A.P. (DIR Series) Circular No. 109 dated June 11, 2013, d) ‘Processing and settlement of import and export related payments facilitated by Online Payment Gateway Service Providers’ – A.P. (DIR Series) Circular No.16 dated September 24, 2015, and e) ‘Processing and settlement of small value Export and Import related payments facilitated by Online Export-Import Facilitators (OEIF) (erstwhile OPGSP)’ – draft circular issued on April 7, 2022 for seeking feedback from banks and other stakeholders. 2. All Payment Aggregators (PAs) which facilitate processing of domestic transactions in online mode are covered within the scope of the circulars referred to above at paragraph 1(a). Further, instructions for cross-border payment transactions are provided for in the circulars mentioned above at paragraphs 1(c) to 1(e) as well as through specific approval given by the RBI to banks for their collection agent arrangements.
- Keeping in view the developments that have taken place in the area of cross-border payments, it has been decided to bring all entities facilitating cross-border payment transactions for import and export of goods and services under direct regulation of the RBI. Such entities shall be treated as Payment Aggregator-Cross Border (PA-CB); details thereof are provided in Annex.
- 4. Entities, including Authorised Dealer (AD) banks, PAs and PAs-CB, involved in processing / settlement of cross-border payment transactions for import and export of goods and services, shall comply with these instructions (as updated from time to time).
- 5. This directive is issued under Section 10 (2) read with Section 18 of the Payment and Settlement Systems Act, 2007 (Act 51 of 2007), and, Section 10 (4) and Section 11 (1) of the Foreign Exchange Management Act (FEMA), 1999 (42 of 1999), and is without prejudice to permissions / approvals, if any, required under any other law
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Consumer Protection Laws in India
- Consumer Protection Act is one of the main laws that provide protection to consumers in India. The Act was introduced in the year 1986 and then amended in the year 2002 through the Consumer Protection Amendment Act, 2002. In this article, we look at the protection afforded to the consumers through the Act.
- Objective of the Consumer Protection Act
- The main objective of the Consumer Protection Act is to provide better protection of consumers and establish a strong mechanism for the settlement of consumer disputes. The Consumer Protection Act seeks right to:
- protect against the marketing of goods which are hazardous to life and property;
- inform about the quality, quantity, potency, purity, standard and price of goods to protect the consumer against unfair trade practices;
- assure, wherever possible, access to an authority of goods at competitive prices;
- hear and to assure that consumers interests will receive due consideration at appropriate forums;
- seek redressal against unfair trade practices or unscrupulous exploitation of consumers;
- consumer education.
- Consumer Definition
- The Consumer Protection Act defines a consumer as a person who buys goods or services for consideration (NOT for resale). Also, a consumer is who uses the goods and services with the permission of the person who purchases the goods or services. The Act covers all goods and services including banking, e-commerce, telecom, insurance, electricity, transportation in the private and public sector.
- How and When to Complain
- Under the Consumer Protection Act, the customer can raise a complaint in writing if:
- Adoption of any unfair trade practise or a restrictive trade practice by any trader or service provider;
- The goods bought by him or agreed to be bought by him suffer from one or more defects;
- The services hired or availed of or agreed to be hired or availed of by him suffer from a deficiency in any respect;
- Trader or the service provider, as the case may be, has charged for the goods or for the services mentioned in the complaint, a price in excess of the price:
- Fixed by or under any law for the time being in force;
- Displayed on the goods or any package containing such goods;
- Displayed on the price list exhibited by him by or under any law for the time being in force;
- Agreed between the parties;
- Offering goods for sale to the public which will be hazardous to life and safety when used.
- Offering services which will be hazardous to life and safety of the public when used.
- Note: Such service given by the service provider are the person who could have known with due diligence to be injurious to life and safety.
- Procedure to File Consumer Case
- Any consumer complaint relating to a good or service must be filed in writing with a District Forum by the consumer along with the fee. On receipt of a complaint, the District Forum may reject or approve the complaint, usually within 21 days from the date of complaint. On the other hand, a copy of the complaint will reach the opposite party for the approval to be made within 45 days.
- The effort is taken to hear all consumer cases as expeditiously as possible. Further, it is endeavoured to decide the complaint within a period of three months from the date of receipt of notice by the opposite party. Hence, if during the proceedings, the complainant fails to appear on the date of hearing before the District Forum, the District Forum may either dismiss the complaint about default or decide it on merits.
- To engage a Lawyer to file a consumer case or to respond to a consumer case, visit IndiaFilings.com
- Related
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Data Protection Laws:
- Data protection laws in India are primarily governed by the Personal Data Protection Bill, which aims to regulate the processing of personal data and protect the privacy rights of individuals. As of my last knowledge update in January 2022, the bill was under consideration, and there might have been developments since then. Here are some key aspects of the proposed data protection framework in India:
- Personal Data:-The bill defines personal data broadly and includes categories such as sensitive personal data, critical personal data, and non-personal data.
- Data Processing:-It outlines principles for the processing of personal data, including the purpose of processing, consent requirements, and the storage limitation principle.
- Data Localization:-The bill proposes restrictions on the cross-border transfer of certain categories of sensitive personal data, emphasizing data localization.
- Data Protection Authority:-The bill establishes the Data Protection Authority of India (DPA) to oversee and enforce data protection regulations.
- Consent Mechanism:-Individuals' consent is a crucial element of the proposed framework, and data controllers are required to obtain explicit and informed consent for processing personal data.
- Data Subject Rights:-The bill grants individuals certain rights, including the right to access, correct, erase, and port their data. It also introduces the right to be forgotten.
- Data Breach Notification:-The bill mandates the reporting of data breaches to the DPA and affected individuals under certain circumstances.
- Impact Assessments:-Data protection impact assessments (DPIA) are required for certain types of data processing activities that involve high risks to individuals' rights.
- It's essential to stay updated on the status of the Personal Data Protection Bill and any subsequent developments in data protection laws in India. Additionally, organizations, including those involved in trading tournaments, need to be mindful of these regulations and ensure compliance with data protection principles to safeguard participants' personal information.
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Contractual Agreements:
- In India, contractual agreements are governed by the Indian Contract Act, 1872. This act outlines the legal principles and rules regarding contracts, providing a framework for the formation, execution, and enforcement of contracts. Here are key aspects related to contractual agreements in India:
- Offer and Acceptance:-A valid contract requires a lawful offer and its acceptance. The terms of the offer and acceptance must be clear, certain, and communicated between the parties.
- Intention to Create Legal Relations:-Parties must have a genuine intention to create legal relations for the agreement to be considered a valid contract.
- Lawful Consideration:-Every contract must be supported by lawful consideration, which means there must be something of value exchanged between the parties.
- Capacity of Parties:-The parties entering into a contract must have the legal capacity to do so. Minors, individuals of unsound mind, and those disqualified by law cannot enter into a valid contract.
- Free Consent:-Consent must be given freely without coercion, undue influence, fraud,misrepresentation, or mistake for the contract to be valid.
- Lawful Object:-The purpose and object of the contract must be lawful. Contracts with illegal or immoral objectives are void.
- Certainty and Possibility of Performance:-The terms of the contract must be certain and capable of performance. Vague or uncertain terms may make the contract void.
- Enforceability:-Contracts that are not expressly declared void by law are enforceable through legal remedies in case of a breach.
- Written and Oral Contracts:-While many contracts can be oral, certain types of contracts, such as those related to real estate, must be in writing to be legally enforceable.
- Void and Voidable Contracts:-Void contracts are those that are inherently unenforceable, while voidable contracts are valid but can be voided under certain conditions, such as fraud or coercion.
- Performance and Discharge:-Contracts are discharged when parties fulfill their obligations (performance) or by other means like mutual agreement, impossibility of performance, or breach.
- When entering into contractual agreements, it is crucial to ensure that the terms are clear, fair, and comply with the relevant laws. Seeking legal advice and drafting contracts carefully can help prevent disputes and ensure the enforceability of agreements.
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Legal Advice:
- As of my last knowledge update in January 2022, legal advice in India is typically sought from qualified legal professionals, including lawyers and advocates. If you are in need of legal advice in India in 2023, here are some general steps you can take:
- Lawyer or Law Firm:-Identify a lawyer or law firm that specializes in the area of law relevant to your issue. Lawyers often have specific expertise in areas such as civil law, criminal law, family law, corporate law, etc.
- Bar Council of India:-Verify that the lawyer is registered with the Bar Council of India. Each state in India has its own Bar Council, and lawyers must be enrolled with the respective Bar Council to practice law.
- Consultation:-Schedule a consultation with the lawyer to discuss your legal issue. During the consultation, you can explain your situation, ask questions, and get an initial understanding of the legal aspects involved.
- Legal Aid Clinics:-If you are facing financial constraints, you may explore legal aid clinics or organizations that provide free or low-cost legal assistance to those in need.
- Online Legal Platforms:-There are online legal platforms where you can connect with lawyers for virtual consultations. Ensure that these platforms adhere to legal and ethical standards.
- Referrals:-Seek referrals from friends, family, or colleagues who may have had positive experiences with lawyers in similar legal matters.
- Local Bar Association:-Contact the local bar association in your area for recommendations or information about lawyers specializing in your type of legal issue.
- Legal Directories:-Utilize legal directories that list lawyers based on their practice areas, experience, and client reviews.
- Document Preparation:-If you need assistance with document preparation, lawyers can guide you in drafting legal documents, contracts, or any paperwork required for your specific case.
- Clear Fee Structure:-Discuss the lawyer's fee structure during the initial consultation. Ensure that the terms of engagement, including fees, are clear and documented.
Remember that legal advice is specific to individual situations, and it's important to consult with a qualified legal professional to get accurate guidance tailored to your circumstances. Since legal regulations and circumstances can change, it's advisable to consult with a legal expert in 2023 for the most current information.
Withdrawal Process
Choose your platform.
BENEFITS OF THIS CHALLENGE...
- This Competitions will reduces people's losses,because most losses make small Traders.
- People's won't be too greedy,Patience level will increase.
- Now people's mentality has become such tha they use all the capital they have,And this challenge will give them an limitation, will keep them within a limit so that they will develop a habit of how to take profit at low lots size in the whole month.
- When people are not talked about for their benefit, they do not improve their behavior, so this can be very beneficial for them.
- I don't know whether it is legal or illegal but I need your help in this mission, so that I can make people a true trader.
About Us...
SeaBorn is a financial technology business that serves users in India countries with a range of stock-related services. SeaBorn's enables its users to earn an additional income through online trading. It serves those who know how to trade, as well as those who are new in the field of online trading.SeaBorn's provides a diversity of assets in order to make the investment.SeaBorn focuses on education, specifically in the domain of stock trading and investing. The company offers a trading platform where users can learn about stock market trading and investing from industry experts, build their portfolios, and engage in social trading.
Email - Seabornfund@gmail.com
About the Competition
During this exhilarating month-long competition, your mission is crystal clear: achieve unprecedented profits and demonstrate your trading brilliance in the face of rapid-fire, demanding market conditions. This is your moment to shine and showcase your extraordinary trading prowess, earning the recognition you truly deserve in the dynamic world of trading.
our thoughts
Education and Practice - The main objective of the trading tournament is for traders to improve and test their trading skills in a simulated environment. Here are some main ideas:
Competition -
By competing in trading tournaments, traders have to face competition with each other. This gives them the experience of how to compete in the market.
Risk Management -
Tournaments provide traders with an opportunity to learn risk management techniques and how to handle their trades safely.
Goal Setting -
Participants get the opportunity to set their own trading goals. This helps them create a realistic and achievable trading plan.
Community Building -
Participants get the opportunity to set their own trading goals. This helps them create a realistic and achievable trading plan.
SeaBorn Fund
Office
F-712, M.P.E.B ,PRAKASH NAGAR, BIRSINGHPUR
Contact
Email:seabornfund@gmail.com
Whatsapp No : +919340076419
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