In order to notify users of any update/rewards/offers/change in terms and conditions, Fanfolium will send emails/SMSs to the users. Users hereby agree to receive communications from Fanfolium and not mark them as spam. It will not be Fanfolium’s responsibility in the event that the users miss any communication initiated by us.
Participants must accurately provide the following information to get themselves registered with Fanfolium:
They will also need to choose a suitable password that is unique and not shared with any one. A participant residing in the states of Assam, Nagaland, Telangana, Odisha and Sikkim must refrain from registering with the application as these states prohibit participation in games of skill for monetary gains. Fanfolium will take no responsibility if the participant still goes ahead and registers with us. Participants, before registering with Fanfolium, confirm to have read all the Terms and Conditions and that they agree with them.
Contests Will be presented to participants in the form of Pools or solo games. Pools can be
public or private. Each pool will be a representation of a variety of games that we offer to the
contestants. The games are index based as well as based on stocks and crypto currencies. The
games are meant to test the market reading abilities of participants. Generally, the most
skilled at understanding the underlying sentiment of stocks/crypto or indices will come out as
winners. Winning isn’t random though. Every contestant gets credits based on how their
stocks/crypto perform or how well they anticipate the movement of prices or the indices i.e.,
NIFTY 50 and BANKNIFTY. We have explicitly explained the Rules of Participation for each game in
How to Play section.
Users can participate in the contests by paying a pre-designated amount as asked for. The
‘pre-designated amount’ means and includes pre-determined platform fee for accessing Fanfolium
services and pre-determined participant contribution towards prize money pool. For pool
games(pools), the Participant with the highest aggregate points at the end of the contest shall
be eligible to win a prize which is disbursed out of prize money pool, as stated on the relevant
Pool(s) page. In case of more than one participant aggregating the same points, the prize money
will be distributed among them for their spot. The duration of the Pool(s) and the total number
of allowed participants in the Pool(s) will vary but will be declared before letting the users
join the Pool(s), not discounting Fanfolium’s right to change them anytime as deemed necessary.
Fanfolium offers another set of games which do not require multiple players. These games/pools
are called solo games (Solo). In the solo games, contestants will be awarded the Prize by
Fanfolium. The prizes will vary according to the time of joining and market conditions. It will
be within the rights of Fanfolium to continue or stop such games.
Also, Fanfolium reserves the right to change the format/duration/prize of contests or completely
cancel the contests as and when it finds necessary. Fanfolium shall try to send notifications
through emails and/or SMS communications, about any such changes, if they occur. Fanfolium,
however, doesn’t guarantee to always inform the participants of all those changes well in
advance.
Fanfolium may provide information/data received through feed providers or publicly available
information on securities/indices. Users must do a thorough research of their own from official
sources and/or other available sources of information. Fanfolium can’t guarantee the accuracy of
such information/data.
Fanfolium doesn’t charge any fee unless a user desires to play a paid contest/game. In order to give you access to games and to be able to organise them seamlessly Fanfolium charges a certain amount of fee. The entry fees for any contest includes those fees. The entry amount collected by users at the joining of contests isn’t taken up by Fanfolium. We earn no immediate interests on that. Only after distributing the prizes of the winners do we take our platform fee. Users are free to withdraw any unused amount that they have deposited with Fanfolium to be able to access multiple games. They are also free to withdraw any amount that they get as winners of contests, after the mandatory tax deductions. Sometimes, Fanfolium will provide bonus amounts to encourage contestants to participate. Those amounts are not withdrawable and can be utilised only on the platform while playing games within a definite time period as provided by Fanfolium. Any request for payouts will be completed only after a background checkup of authenticity( Pan/Adhar/ Bank account/ Identity). The payout processes often go through a banking procedure which may take from one to several working days on certain occasions. We do not guarantee immediate payout but we do ensure a payout if the user’s authenticity is established and the banking procedures have been duly completed. Fanfolium provides two categories of accounts for processing and reconciliation of payments: (i) ‘Credits’ Account, (ii) ‘Winnings’ Account. We do not allow a transfer of any amounts in the user's accounts to any other category of account held by the user or any third party account, including a bank account held by a third party. User's winnings in any Pool will reflect as credits to the User's Winnings Account. User’s remitting the amount through designated payment gateway shall be credited to the user's Credit Account. Each time a user participates in any game on Fanfolium, the pre-designated amount shall be debited in the user’s account. This amount will be debited primarily from User’s ‘Credits’ Account and thereafter, if there is still an amount of participation fee due, it shall be debited from the User’s Winning Account. In case there is still a due amount in relation to the user’s participation in any Pool(s)/game(s), the user will be taken to the designated payment gateway to initiate such payment. In case any amount added by the user through such payment gateway exceeds the remaining amount of the pre-designated amount, the amount in excess shall be transferred to the user’s ‘Credits’ Account and will be available for use in participation in other games or for withdrawal in accordance with these Terms and Conditions.
In multiplayer games, each Game involves attributing credit scores to each participating individual based on the movement of stocks/cryptos or indices or both(depending on the game). The method of credit attribution has been discussed in the Rules of Participation. Winners will be decided after sorting the credits of all participants in a particular pool. In solo games, the participant must make reasonable predictions within the limits provided by Fanfolium. Only the contestants having made correct predictions will be deemed winners. The rewards for winners will be visible to every contestant before they join the game.
As a general practice, winners will be required to provide following documents to vindicate their identity and authenticity :
Fanfolium shall not permit a Winner to withdraw his/her prize(s)/accumulated earnings unless the above-mentioned documents have been received and verified within the time-period stipulated by Fanfolium. The participant must guarantee that the documents they present are the copies of authentic and original documents. If the case turns out to be otherwise Fanfolium will not entertain any requests of payouts. Participants are required to provide a comprehensive detail of their identity as mentioned in the Terms and Conditions, at the time of registration. Fanfolium shall not be responsible for communication errors, commissions or omissions including those of the Participants. Only the participants having successfully completed the verification process within the time limit specified by Fanfolium shall be permitted to withdraw/receive their winning amount. Fanfolium at its sole discretion and authority may or may not entertain any claims or requests for extension of time for submission of documents.
All prizes shall be subject to deduction of tax ("TDS") as per the Income Tax Act 1961. As of April 1, 2018, the TDS rate prescribed by the Government of India with respect to any prize money amount that is in excess of Rs. 10,000/- is 31.2% of the total prize money amount. In case of any revisions by the Government of India to the aforementioned rate in the future, TDS will be deducted by Fanfolium in accordance with the then current prescribed TDS rate. Winners will be provided TDS certificates in respect of such tax deductions. The Winners shall be responsible for payment of any other applicable tax, including but not limited to, income tax, gift tax, etc. in respect of the prize money.
The decision of Fanfolium with respect to the awarding of prizes shall be final, binding and non-debatable. Participants joining the paid formats of the games must not be residents of any of Assam, Odisha, Sikkim, Nagaland or Telangana. If it is found that a Participant playing the paid formats of the games is a resident of any of the above mentioned states, Fanfolium shall disqualify such Participant and forfeit any prize won by such Participant. Further Fanfolium may, at its sole and absolute discretion, suspend or terminate such Participant's account with Fanfolium. Any amount remaining unused in the User's Credits Account or Winnings Account on the date of deactivation or deletion shall be reimbursed to the User by an online transfer to the User's bank account on record with Fanfolium, subject to the processing fee (if any) applicable on such transfers. Fanfolium may, at its sole and absolute discretion, alter the prizes being offered to winners. Participants shall not raise any claim against Fanfolium or question its right to modify such prizes being offered, prior to closure of the games. The Winners shall bear the shipping, courier or any other delivery cost in the prizes are physical and require transportation. Fanfolium doesn’t hold any responsibility for the transportation of prizes to the winners. Fanfolium shall not be held liable for any loss or damage caused to any prizes at the time of any such transportation. The Winners shall bear all transaction costs of cash prizes. Fanfolium may be required under certain legislations, to notify users of certain events. Users hereby acknowledge and consent that such notices will be effective upon Fanfolium posting them on the Fanfolium web portal or delivering them to the user through the email address or by texting on the phone number provided by the user at the time of registration. Users may update their email address by logging into their account on the Fanfolium. If they do not provide Fanfolium with accurate information, Fanfolium cannot be held responsible for failing to notify the user/s. Fanfolium shall not be held liable for any delay or for failing to perform as normally promised or expected resulting from events or causes outside its reasonable control, including but not limited to any failure at performance due to unforeseen circumstances, act of God, import/export prohibition, war, terrorism, riots, acts of civil or military authorities, fire, accidents, network infrastructure failures, strikes, or breaking of transportation facilities,scarcity energy, labor or materials or any other event to which can directly or indirectly affect the funnctioning or performance of Fanfolium. In circumstances such as those, Fanfolium shall be entitled to cancel any related games. Fanfolium's failure to exercise or enforce any right or provision of these Terms and Conditions shall not constitute a waiver of such right or provision. Users agree that regardless of any statute or law to the contrary, any claim or cause of action arising out of or related to use of the Fanfolium or these Terms must be filed within thirty (30) days of such claim or cause of action arising or be considered invalid. If any part of the Terms and Conditions is determined to be indefinite, invalid, or otherwise unenforceable, the rest of the Terms and Conditions shall continue to be effective. Fanfolium is entitled to restrict or ban the use of the Fanfolium, to any user, in regard to its policies, at its sole and absolute discretion and without any notice. Fanfolium may, at its sole and absolute discretion, permanently close or temporarily suspend any Fanfolium Services (including any games/Pool(s)).
The courts of competent jurisdiction at Nawada, Bihar shall have exclusive jurisdiction to determine any and all disputes arising out of, or in connection with, the services provided by Fanfolium (including the games/Pool(s)), the construction, validity, interpretation and enforceability of these Terms and Conditions, or the rights and obligations of the users or Fanfolium, as well as the exclusive jurisdiction to grant interim or preliminary relief in case of any dispute referred to arbitration as given below. All such issues and questions shall be governed and construed in accordance with the laws of the Republic of India. In the event of any legal dispute ( legal issue or question), the party raising the dispute shall notify the other party, in writing. On receipt of Notification, the parties shall first try to resolve the dispute through discussions. In the event that the parties are unable to resolve the dispute within fifteen (15) days of receipt of Notification, the dispute shall be settled by arbitration. The place of arbitration shall be Nawada, Bihar, India. All arbitration proceedings shall be conducted in accordance with the provisions of the Arbitration and Conciliation Act, 1996, in its latest amended form. The arbitration award will be final and binding on the Parties, and each Party will bear its own costs of arbitration unless the arbitral tribunal decides otherwise. The arbitrator shall be entitled to pass interim orders and awards, including the orders for specific performance and such orders would be enforceable in competent courts. Nothing contained in these Terms and Conditions shall prevent Fanfolium from seeking and obtaining interim or permanent equitable or injunctive relief, or any other relief available to safeguard Fanfolium's interest prior to, during or following the filing of arbitration proceedings or pending the execution of a decision or award in connection with any arbitration proceedings from any court having jurisdiction to grant the same. The pursuit of equitable or injunctive relief shall not constitute a waiver on the part of Fanfolium to pursue any remedy for monetary damages through the arbitration described herein.
Users agree that they will access the Fanfolium Services provided on Fanfolium voluntarily and at their own risk. Fanfolium shall, under no circumstances be held responsible or liable on account of any loss or damage sustained (including but not limited to any accident, injury, death, loss of property) by users or any other person or entity during the course of access to the Fanfolium or as a result of acceptance of any prize. By joining the games and accessing the Fanfolium platforms, users hereby agree to indemnify Fanfolium, and/ or any of its directors, employees, partners, associates and licensors, from and against all liability, cost, loss or expense arising as a result of their access to the Fanfolium Services including (but not limited to) personal injury and damage to property directly, indirectly, or as a result of negligence on the user’s part or omission on their part, or by any means either foreseeable or unforeseeable. Fanfolium accepts no liability, whether jointly or severally, for any errors or omissions, whether on behalf of itself or third parties in relation to the prizes. Fanfolium will not be held responsible for any consequences arising out of the users’ access to Fanfolium. The users can/shall be held accountable for acting illegally or for not acting in accordance with the Terms and Conditions. Users also undertake to indemnify Fanfolium and their respective officers, directors, employees and agents on the occurrence of such an event on full indemnity basis for any loss/damage suffered by Fanfolium. Users shall indemnify, defend, and hold Fanfolium harmless from any third party/entity/organisation claims arising from or related to the user's engagement with Fanfolium or participation in any contest. In no event shall Fanfolium be held liable to any user for acts or omissions arising out of or related to user's engagement with the Fanfolium or their participation in any contests.
Fanfolium endeavours to provide the users with seamless and hassle free services. Yet in the event of miscommunication or mistimed delivery of information, Fanfolium shall take no responsibility for any damages incurred by users/participants as a consequence, as permissible under law. Any material accessed, downloaded or procured in any form through Fanfolium is done at the user's and only user’s discretion, competence, acceptance and risk, and the user will be solely responsible for any damage or potential damage to their phone or tablet or computer or loss of data that results from the user's download of any such material. Fanfolium, its partners, licensors, employees, directors or officers will not accept any liability for any such damage/harm. In the event of an error in determination of Winners or in the transfer of amounts to a users’ accounts, Fanfolium reserves the right to rectify the error in ways as it may find proper, including through a set-off of the erroneous payment from amounts due to the users or deduction from the users’ account of the amount of erroneous payment. In case of exercise of remedies in accordance with this clause, Fanfolium agrees to notify the users of the error and of the rectification of the same. In the event of the organisation of a contest that requires a certain permission by respective authorities and in failure on the part of Fanfolium to acquire a favourable permission the contest/game/pool will stand cancelled/suspended even if it had been joined by participants and was completed on the application or Fanfolium platform.To the extent permitted under law, in the event of suspension/cancellation of any services, contest or games, users shall not be entitled to make any claims of any nature whatsoever.
Fanfolium isn’t just the application. It’s an all inclusive combination of the contests, animations, ideas, pictures, videos, audios, logos, writings and more present on any or all of the platforms associated with Fanfolium as owned by Fanfolium Services Private Limited. None of its contents can either be copied or modified or published or transported or displayed or disseminated either in part or in whole without an explicit in writing permission of Fanfolium Services Private Limited. Any material/content published on Fanfolium by users shall be the sole responsibility of users. Fanfolium will not be held liable for any publication made on Fanfolium by any of its users if such publication is found to be in violation of any copyright or any other legal binding. Users hereby grant to Fanfolium and its affiliates, licensors, associates and partners an irrevocable, royalty-free, non-exclusive, sub-licensable licence to store, use, publish, disseminate, display and transfer in any form original or derived, partly or completely, their(users’) contents across any platform electronic or physical.