This document constitutes a legally binding agreement governing the access and use of the website www.jbforex.in (hereinafter referred to as the "Website"), owned and operated by JB Forex (hereinafter referred to as the "Company"), in accordance with the applicable laws of India, including but not limited to the Foreign Exchange Management Act, 1999 (FEMA), rules, regulations, and guidelines issued by the Reserve Bank of India (RBI) from time to time.
By accessing, browsing, or using this Website and/or availing any services, the user ("User", "You") expressly agrees to be bound by the following Terms & Conditions.
Terms & Conditions
1. Legal Capacity
The User represents and warrants that they are legally competent to contract under the Indian Contract Act, 1872. Users below 18 years of age may avail services only through their legal guardians.
2. Nature of Services
JB Forex is engaged in providing foreign exchange-related services strictly in compliance with FEMA, RBI Master Directions, and other applicable statutory provisions.
3. Regulatory Compliance
All foreign exchange transactions are subject to RBI approval, FEMA regulations, and applicable KYC/AML norms.
4. No Investment or Trading Advice
Information provided on the Website shall not be construed as financial, investment, trading, or legal advice.
5. Mandatory KYC
Users are required to submit valid Know Your Customer (KYC) documents as prescribed under RBI and Prevention of Money Laundering Act, 2002.
6. Source of Payment
Payment for foreign exchange services must be made strictly from the bank account of the same individual whose name appears on the travel documents and who is undertaking the travel.
7. Payment for Minors
In the case of children below 18 years of age, payment may be made by their legal parents or court-appointed legal guardians, subject to submission of valid documentary proof.
8. Prohibition of Third-Party Payments
Third-party payments are strictly prohibited, except as permitted under Clause 7 of these Terms.
9. Purpose Declaration
Users must truthfully declare the purpose of foreign exchange as required under FEMA and RBI guidelines.
10. Indicative Exchange Rates
Exchange rates displayed are indicative and subject to real-time market fluctuations without prior notice.
11. Right to Refuse Service
The Company reserves the absolute right to refuse, suspend, or cancel services in case of non-compliance, suspicion of fraud, or violation of applicable laws.
12. Misrepresentation and Fraud
Any false representation, suppression of material facts, or fraudulent conduct may attract penalties under FEMA, Indian Penal Code, 1860, and other applicable laws.
13. Limitation of Liability
The Company shall not be liable for any direct, indirect, incidental, or consequential losses arising from the use of the Website or services.
14. Intellectual Property Rights
All content, trademarks, logos, and material on the Website are the exclusive property of JB Forex and protected under the Copyright Act, 1957.
15. User Obligations
Users agree not to misuse the Website or engage in activities punishable under the Information Technology Act, 2000 or Indian Penal Code, 1860.
16. Force Majeure
The Company shall not be liable for delays or failure in performance due to events beyond reasonable control.
17. Termination
JB Forex may terminate or restrict access to services without prior notice upon breach of these Terms.
18. Indemnity
Users agree to indemnify and hold harmless JB Forex against any claims, penalties, or proceedings arising from their violation of applicable laws.
19. Governing Law
These Terms shall be governed by and construed in accordance with the laws of India.
20. Jurisdiction
Courts situated in India shall have exclusive jurisdiction over disputes arising from these Terms.
21. Amendment
The Company reserves the right to amend these Terms & Conditions at any time, with updated versions published on the Website.