Board of Directors
Welcome Sub-Agent Partner
Terms & Conditions
Terms & Conditions
WSFL has launched and established an online portal service on its Website for its sub agents of western union bank (hereinafter referred to as the "Service"). WSFL declares that it has exclusive and sole discretion to select the Sub agents who would be entitled to use access and benefit out of the Service. WSFL also reserves the absolute right and discretion to decide on the criteria for selecting the Sub agents to participate in the Service offered hereunder. Sub agent agree to abide by the WSFL's Terms and Conditions and rules in force and the changes thereto in Terms and Conditions from time to time relating to their account as communicated and made available on the WSFL's website
The offering of the Service is subject to the requisite permissions, approvals, licenses and any other clearance from the appropriate regulatory authority viz., Reserve Bank of India, Securities and Exchange Board of India, BOMBAY Stock Exchange and also Western union of whom it is principal agent in India and any other relevant authority that may be the regulatory authority of the Service. It is agreed that the opening and maintenance of the account is subject to rules and regulations introduced or amended from time to time by the Reserve Bank of India
The Service offered by WSFL envisages a Sub agent opening an online login account. It is agreed that the WSFL before opening any deposit account, will carry out a due diligence as required under Know Your Customer guidelines of the WSFL and also western union from time to time. It would be required to submit necessary documents or proofs, such as identity, address, photograph and any such information to meet with KYC, AML or other statutory/regulatory requirements by sub agent to which you agree to provide from time to time otherwise the account shall be suspended without notification. Further, after the account is opened, in compliance with the extant regulatory guidelines, you agree to submit the above documents again at periodic intervals, as may be required by the Bank
By accessing and surfing this Website, the Sub agents agrees to be bound by the foregoing limitations.
No information, research report, etc. on the Website is to be construed as a representation with respect to currency, securities regarding the legality of an investment therein under the respective applicable investment or similar laws or regulations of any person or entity accessing the Website.
It is agreed that any change in sub agents account status or change of address will beimmediately informed to the WSFL failing which sub agent shall be responsible for any non-receipt of communication/deliverables or the same being delivered at his old address. It is further agree that all instructions relating to sub agents account will be issued to the WSFL as per acceptable mode of communication to the WSFL.
It is agreed that Sub agent shall be liable to pay all charges, fees, interest, costs wherever applicable, which the WSFL may levy with respect to thier account or any transaction or services rendered and the same may be recovered by the WSFL by a debit to sub agents account. It is agreed and acknowledged that in case of non-availability of adequate funds the charges will be debited to the account over a period of time till the entire amount is recovered.
It is agreed that the WSFL shall not be liable for any damages, losses (direct or indirect) whatsoever, due to disruption or non availability of any of services/facilities due to technical fault/error or any failure in telecommunication network or any error in any software or hardware systems beyond the control of the WSFL.
It is agreed that the WSFL may disclose, in strict confidence, to other institutions, such Personal Information as may be reasonably necessary for reasons inclusive of:
i. For participation in any telecommunication or electronic clearing network
ii. In compliance with a legal directive
iii. For credit rating by recognized credit rating agencies if applicable
iv. For fraud prevention purposes
v. To credit information bureaus if applicable.
All claims, matters and disputes are subject to the exclusive jurisdiction of the competent courts in Mumbai only. These Terms and Conditions and/or the operations in the accounts of the Sub agent maintained by the WSFL and/or the use of the services provided by the WSFL shall be governed by the laws of the Republic of India and no other nation. The Sub agent and the WSFL agree to submit to the exclusive Jurisdiction of the Courts located in Mumbai, India as regards any claims or matters arising under these Terms and Conditions.The WSFL accepts no liability whatsoever, direct or indirect, for non-compliance with the laws of any country other than the Republic of India. It is agreed sub agent shall indemnify and hold the WSFL harmless against all actions, claims, demands, proceedings, losses, damages, costs, charges and expenses whatsoever which the WSFL may at any time incur, sustain, suffer or be put to as a consequence of or by reason of or arising out of providing any of the services or due to any negligence/mistake/misconduct on sub agents part or breach or non-compliance by me of any of the Terms and Conditions relating to any of the services or by reason of the WSFL in good faith taking or refusing to take action on any instruction given by me
Incase of any grievance with respect to website and login by sub agents the same should be first referred to principal in head office through customer care provided on website at ______________ number. WSFL reserves the right to record telephonic conversations with sub agents for quality control purposes.
The WSFL shall not be liable if any transaction does not fructify or may not be completed or for any failure on part of the WSFL to perform any of its obligations under these Terms and Conditions or those applicable specifically to its services/facilities if performance is prevented, hindered or delayed by a Force Majeure event (defined below) and in such case its obligations shall be suspended for so long as the Force Majeure event continues.
Force Majeure Event" means any event due to any cause beyond the reasonable control of the WSFL, including without limitations, unavailability of any communication systems, breach, or virus in the processes or payment or delivery mechanism, sabotage, fire, flood, explosion, acts of god, civil commotion, strikes or industrial action of any kind, riots, insurrection, war, acts of government, computer hacking, unauthorised access to computer data and storage devices, computer crashes, malfunctioning in the computer terminal or the systems getting affected by any malicious, destructive or corrupting code or program, mechanical or technical errors/failures or power shut down, faults or failures in telecommunication etc.
Sub agent hereby grant and confirm the existence of the right of lien and set-off with the WSFL, which the WSFL may at any time without prejudice to any of its specific rights under any other agreements with them, at its sole discretion and without notice to them utilize to appropriate any moneys belonging to them and lying/deposited with the WSFL or due by the WSFL to sub agent, towards any of the WSFL’s dues and outstandings under or in respect of a loan facility, including any charges/fees/dues payable under these Terms and Conditions.
Use of the Service is at any persons, including a Sub agent's own risk. The data and information provided on the Website is not advice, professional or otherwise, and should not be relied upon as such. Neither the information, nor any opinion contained in this Website constitutes a solicitation or offer by WSFL and information with respect to sub agents may vary from actual account maintained by Wall Street Finance Limited and should be verified from head office by sub agents. Users are advised to peruse the information articles and other data in the Website only as information and to rely on their own judgment while use.
WSFL along with its directors, employees, associates or other representatives and its Affiliates along with its directors, employees, associates or other representatives shall not be liable for damages or injury arising out of or in connection with the use of the Website or its non-use including non-availability, compensatory, direct, indirect or consequential damages, loss of data, income or profit, loss of or damage to property (including without limitation loss of profits, loss or corruption of data, loss of goodwill, work stoppage, computer failure or malfunction, or interruption of business; under any contract, negligence, strict liability or other theory arising out of or relating in any way to the Website, site-related services, or any products or services and claims of third parties damages or injury caused by any performance, failure of performance, error, omission, interruption, deletion, defect, delay in operation or transmission, computer virus, communications line failure, theft or destruction or unauthorized access to, alteration of, or use of information, whether resulting, in whole or in offered or displayed by WSFL on the Website.
WSFL makes no guarantees or representations as to, and shall have no liability for, any electronic content delivered by any third party, including, without limitation, the accuracy, subject matter, quality or timeliness of any electronic content on the Website. WSFL shall not be responsible for the contents of any linked site or any link contained in a linked site, or any changes or updates to such sites. The links being provided to the WSFL are only for convenience, and the inclusion of any link does not imply endorsement by WSFL of the site, or its content or the sponsoring organization. By providing access to other websites, WSFL is not recommending the purchase or sale of the securities issued by it nor is it an endorsement of services provided by its sponsoring organization.
The maximum liability of WSFL and its Affiliates to the Sub agent shall be subject to the amount of fees paid by the agents for the services that he/she may have availed of through the Website or in pursuance of the Offer or the Service.
WSFL shall not be liable if the Sub agent downloads any information or software from this Website. Further, WSFL or its Affiliates shall not be liable if the sub agent makes a copy, modifies, downloads, transmits, (re) publishes it or removes or obscures any information or intellectual property, including trademarks, copyright or other notices or legends contained in any such information or otherwise distributes any service or content from this Website and can be prosecuted for their action therein by WSFL. The sub agent shall access the information at their own risk and account shall be secured through login id & password which once created by sub agent shall be at their own sole risk and security.
The Terms of this agreement will continue to apply in perpetuity until terminated by either party without notice at any time for any reason. Terms that are to continue in perpetuity shall be unaffected by the termination of this agreement. WSFL reserves the right to modify these Terms from time to time at our sole discretion and without any notice. Changes to our Terms become effective on the date they are posted and your continued use of www.________ after any changes to Terms will signify your agreement to be bound by them.
Board of Directors
Phase II, CTS R-10
Anand Nagar New link Road Jogeshwari (West)
Tel +91 22 61119600
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