WE STRONGLY ADVISE AND ENCOURAGE USERS TO CAREFULLY READ AND FULLY UNDERSTAND THESE TERMS AND CONDITIONS OF USE BEFORE AVAILING THEMSELVES OF THE SERVICES OFFERED ON OUR PLATFORM.
These Terms and Conditions set forth the rights and responsibilities of the users of LOZERSWIN, operated under M/S RAVEXIS PRIVATE LIMITED.
These Terms and Conditions, along with all other policies available and adhered to by our platform, constitute a legally binding agreement between the users and M/S RAVEXIS PRIVATE LIMITED.
To safeguard your personal information, avoid sharing sensitive details such as your social security number, credit card details, or bank account information with prospective employers.
2.1 These Terms of Use ("Terms") are binding on all users accessing LOZERSWIN for participation in various contests and games ("Services") provided on the platform. All users are subject to these Terms as well as any rules, regulations, and terms of use referenced or provided by LOZERSWIN. These Terms include LOZERSWIN’s Privacy Policy, which is incorporated by reference.
2.2 LOZERSWIN reserves the right to amend these Terms, rules, regulations, or any terms of use at any time by updating them on the platform. By continuing to use LOZERSWIN's services, users are deemed to accept such amendments. Additional rules may apply to specific services, and by using those services, users agree to abide by those additional rules. By using the services, users also consent to receiving communications, including announcements, administrative messages, and promotional emails from LOZERSWIN or its partners, licensors, and affiliates.
2.3 LOZERSWIN, at its sole discretion, may: (i) restrict, suspend, or terminate any user's access to services; (ii) amend, suspend, or discontinue any services; (iii) reject or remove material or information submitted by users; (iv) set general protocols for service use; (v) offer discounts as it deems appropriate; (vi) revise player lists for contests based on updates to relevant sports events.
2.4 If LOZERSWIN reasonably determines that a user has breached these Terms or engaged in illegal or improper use of services, LOZERSWIN reserves the right, without prior notice, restrict, suspend, or terminate the user’s access, deactivate or delete the user's account, remove any content posted by the user, and take any necessary technical or legal action.
2.5 If LOZERSWIN charges a fee for its services, users will be refunded if their account is suspended or removed due to negligence or deficiency on the part of LOZERSWIN, except where the suspension or removal is due to (i) the user breaching these Terms or (ii) circumstances beyond LOZERSWIN's control.
3.1 LOZERSWIN, at its sole discretion, may provide links to third-party websites and services. Users acknowledge and agree that LOZERSWIN has no control over, and is not responsible for, the content, products, or services offered by such third parties.
3.2 Any use of third-party websites by users is governed by the terms and conditions and privacy policies of those websites. Users are encouraged to review and understand these policies before using such services.
3.3 The inclusion of links to third-party websites or services on LOZERSWIN does not constitute an endorsement of such websites, services, content, or products by LOZERSWIN.
4.1 It is hereby declared that the entirety of content available on LOZERSWIN consists of materials created by LOZERSWIN, as well as contributions from its partners, affiliates, licensors, associates, and/or Users. All Intellectual Property Rights, including but not limited to the software underlying LOZERSWIN and its platform, and all materials distributed on the platform, including but not limited to games, Contests, software, advertisements, text, photographs, graphics, images, illustrations, trademarks, logos, audio and video content, and Flash animations, are the exclusive property of LOZERSWIN, its partners, licensors, and/or associates.
5.1 Adherence to Terms and Conditions: Users irrevocably agree to abide by the Terms and Conditions, as well as all other applicable rules, regulations, and terms governing the Website. In cases of non-compliance, LOZERSWIN reserves the unmitigated right, at its sole discretion, to take appropriate remedial actions.
5.2 Accurate Information: Users commit to providing accurate, complete, and up-to-date information both at the time of initial registration and on any subsequent occasion when requested by LOZERSWIN.
In adherence to these Conditions of Participation, Users shall bind themselves irrevocably to the guidelines of this platform and the decisions of LOZERSWIN. The App retains the unilateral authority to take the following actions in response to behaviour considered unfair, improper, or harmful to the Contest or to other participants:
The grounds for such actions include, but are not limited to:
Deliberately misrepresenting one’s details, such as name, email, bank information, or any other data required for Contest participation or claiming prizes.
Engaging in fraudulent financial activities, including unauthorized utilization of credit or debit instruments, payment wallet accounts, or any other such means, or misrepresentation to enter the Contest or claim prizes. Users bear sole responsibility for demonstrating the validity of transactions.
Collaborating with other Users or engaging in syndicate play to obtain an unfair advantage in the Contest.
Any breach of specific Contest guidelines or general Terms of Use governing the LOZERSWIN as a whole.
Gaining points or prizes through unauthorized means, such as using bots or other automation.
Using automated tools, encompassing but not limited to harvesting bots, robots, parsers, spiders, or screen scrapers to gather or access information on the platform or about other Users regardless of the intended purpose.
Abusing bonuses, referral programs, or other promotional offerings provided by LOZERSWIN.
Any attempt to interfere with Contest administration or the associated software and security measures.
Obtaining personal information of other Users without their express consent and knowledge.
Sending unsolicited emails or bulk communications to Users of LOZERSWIN.
Any abusive behaviour including but not limited to the use of unparliamentary language, slang, or disrespectful words on the App.
Any User found violating these Conditions may face civil or criminal consequences, as deemed appropriate by LOZERSWIN, which may include the forfeiture or recovery of any prizes awarded.
7.1 As a condition precedent to entry in the Contest(s), prospective Participants are hereby obligated to provide LOZERSWIN with the following information, ensuring its veracity and completeness:
Failure to provide the foregoing information, or the provision of inaccurate or incomplete information, may, at LOZERSWIN’s sole discretion, result in the Participant's disqualification from the Contest.
Upon successful registration, LOZERSWIN will dispatch a confirmation email verifying the Participant's successful registration and providing unique login credentials.
8.1 Within the Indian legal framework, games of skill occupy a distinct and legally protected status, standing beyond the reach of traditional gambling laws.
8.2 Accordingly, it is hereby declared that the Contest(s) offered across the LOZERSWIN platform are indeed games of skill rather than games of chance.
Eligibility for participation in the Contest(s) and the opportunity to win prizes is strictly limited to individuals who complete both Pre-Requisite and Contest-Specific Registration.
10.1 Authorization for Third-Party Fund Management: By participating in the Contest(s), Users grant LOZERSWIN the irrevocable authority to appoint a third-party Trustee or Escrow Agent to oversee and manage user funds in compliance with these Terms and Conditions.
10.2 Binding Payment Terms: Users agree to abide by these binding payment terms for any transactions conducted on the LOZERSWIN platform.
10.3 Payment Composition: The payment for Contest participation consists of a Platform Fee, if any, levied by LOZERSWIN for service access and a pre-determined contribution towards the Prize Money Pool.
Debits from the Amount Unutilized Account for Contest participation are executed chronologically, with the earliest credits debited first.
Users are bound to complete payment for transactions confirmed on LOZERSWIN.
All prizes awarded through LOZERSWIN Contests are subject to tax deduction at source (TDS) as per the Income Tax Act of 1961.
Effective from April 1, 2023, a 30% TDS rate applies to the Net Winnings (NW) associated with each user-initiated withdrawal request.
"Net Winnings" means the total prize amount won by the User after deducting any applicable charges, fees, or taxes, including TDS.
LOZERSWIN shall deduct the 30% TDS from the Net Winnings at the time of processing each withdrawal request, acting as the deductor of tax at source.
LOZERSWIN is responsible for depositing the deducted TDS with the Government of India in line with the Income Tax Act of 1961.
Users must declare and report their income from LOZERSWIN Contests in their income tax returns and comply with all applicable tax regulations.
Winners are responsible for any other applicable taxes on their Net Winnings, including income tax, gift tax, or other levies.
If a User’s Winning Account holds a Net Winning balance as of March 31st in any financial year, LOZERSWIN will deduct TDS at 30% from that balance, regardless of whether the User has requested a withdrawal.
If the Government of India updates the TDS rate or redefines Net Winnings, LOZERSWIN will adjust its TDS deductions to comply with the revised regulations.
LOZERSWIN will provide Winners with TDS certificates evidencing the tax deductions.
LOZERSWIN disclaims liability for Users' individual tax matters. Users must independently determine and fulfil their tax obligations in line with applicable laws.
By accepting a prize from LOZERSWIN, the Winner irrevocably grants LOZERSWIN and its affiliates a worldwide, perpetual, royalty-free license to use the Winner's name, likeness, voice, and comments for advertising and promotional purposes in any media format, without requiring further permission, consent, or additional compensation.
The license extends to all media formats globally and remains in effect indefinitely unless specified otherwise by governing agreements or applicable law.
In accepting the prize, the Winner acknowledges that no additional compensation will be provided for the use of their personal attributes for these promotional purposes.
By accepting the prize, the Winner waives any right to demand additional permission or consent for the use of their name, likeness, voice, or comments within the scope of this license.
The Winner grants these rights as an independent contractor and is not considered an employee or agent of LOZERSWIN or its affiliates.
Users explicitly acknowledge that their access to and use of LOZERSWIN Services, including participation in Contests and acceptance of prizes, is undertaken at their sole discretion and risk.
LOZERSWIN disclaims all liability for any loss or damage, whether direct, indirect, consequential, foreseeable, or otherwise, that may be suffered by Users or any third party as a result of:
Users agree to indemnify, defend, and hold harmless LOZERSWIN and M/S RAVEXIS PRIVATE LIMITED, its directors, employees, partners, associates, licensors, agents, sponsors, and representatives from any and all claims, liabilities, costs, losses, or expenses arising from: