India Inx-India International Exchange IFSC Ltd, GIFT City, SEZ

> Board of Directors

Board of Directors

Directorship in other entities

Mr Sudarsanam Srinivasan
Chairman & Public Interest Director

Dr. Vinita Sahay
Public Interest Director

Dr. Ashok Jhunjhunwala
Public Interest Director

Shri. Sameer Patil
Shareholder Director

Shri Deepak Goel
Shareholder Director

Shri Sushil Kumar
Shareholder Director

Mr. V. Balasubramaniam (Bala) is the founding Managing Director and Chief Executive Officer of India International Exchange IFSC Ltd. (India INX) the first International Exchange from India in GIFT City International Financial Services Centre Special Economic Zone which started its operations from January, 2017 and a subsidiary of BSE (Asia's first stock exchange). He also holds board position in the following organizations –
- BSE Institute Limited
- India INX Global Access IFSC Limited
- India International Bullion Holding IFSC limited
- India International Bullion Exchange IFSC Limited
- India International Depository IFSC Limited
In addition to the above, he is also a member of following committees of IFSCA:
- Committee of Experts on Sustainable Finance
- Committee of Experts on Investment Funds
- Committee of Experts on positioning IFSC as a hub for offshore trading in INR
Prior to this, he was the Chief Business Officer of BSE heading the business development encompassing all business segments viz. Equities, Equity Derivatives, Debt, Interest Rate Futures, Currency Derivatives, Mutual Fund Distribution platform and SME platform. In addition to the markets business, he was also responsible for the listings and data business of BSE and managing the entire trading operations and membership operations.
He has over 31 years of experience in the Capital Markets industry and has previously worked with Reliance Group as Vice President and was also as co-founder of BSE Technologies Private Limited which was acquired by BSE.
He was also part of the core team involved in setting up the National Stock Exchange of India. He was instrumental in creating the Capital Market segment, Nifty Index creation, setup of NSCCL as the first clearing corporation in India, NCFM certification creation and the Futures and Options segment inter-alia.
He has served in the board of Central Depository Services (India) Limited, Futures Industry Association – Asia, Co-Chair of FICCI Capital Market Committee etc.
He has Masters in Commerce from the University of Mumbai, Rank holder from the Institute of Cost Accountants of India, Diploma from Institute of Chartered Financial Analysts of India and is a Certified Information Systems Auditor.

Shri Sudarsanam Srinivasan was born in January 1956 at Coimbatore, Tamilnadu, India. He graduated in Electronics Engineering from Indian Institute of Technology, Madras, (1979). Completed his Masters in Business Administration from Swinburne University, Melbourne, Australia (1998).

He joined the Indian Administrative Service (IAS) in 1980 and allotted to Odisha Cadre. He has served in diverse field and department assignments dealing with administration, finance, policy formulation, revenue, disaster management, industries, food management, vigilance, IT, education, technology, etc with considerable laurels. He has worked in interior tribal, naxal-affected areas, in Odisha. He held several decisive positions in the State Government and Government of India before joining Department of Space. He is widely travelled and read. His service spans over three decades, from 1979 to 2016.

He functioned in Department of Space from 2012 as Additional Secretary and Internal Financial Adviser and since then he has actively taken part in the overall development of space research particularly for societal applications. He has administered and monitored budget formulation, control and evaluation of contracts, projects, procurements and construction activities related to Space organizations. He has also been part of several review committees and has lent his wide experience and exposure in system improvements.

Before retirement, he was Secretary to GOI & Member (Finance) of Space Commission, Atomic Energy Commission and Earth Commissions. Council member of TIFR, INO (international Neutrino Observatory), Space Commission, Atomic Energy Commission, which are top policy making bodies in the respective sectors. He has expertise in appraisal of diverse project proposals of the Department of Space, Department of Atomic Energy and Ministry of Earth Sciences from the financial angle, in exercise of delegated powers and also recommending cases to the Finance Ministry as well as Prime Minister and for Cabinet Approval. Deeply involved in scrutiny of financial procedures, system improvements, and generating synergy between project formulation, implementation and monitoring.

He has a deep understanding of nuclear policy matters, atomic energy, space and societal applications. After retirement, he has functioned in several committees to lend his experience and guidance in resolution of various issues. He is keenly interested in chess, mathematical puzzles, literature, management issues, motivation roles, and strives to be a helpful asset in any assignment he is entrusted to handle.

Dr. Vinita S Sahay is an Academic Leader and administrator, educator, researcher with global outlook and national focus. Currently she is Director & Professor of Marketing at Indian Institute of Management (IIM) Bodh Gaya

Dr. Sahay has 26 years of rich and varied experience in academics, research, training and consulting both in India and abroad. She secured first class with high ranks throughout her academic career. She did her PGDM with Marketing as a major concentration area. She secured first class first with Gold Medal in M.A. in Economics and has done Ph.D. on Customer Value. She was also a Visiting Professor at Aarhus University, Denmark for ten years (2009-2018). Dr. Sahay participated in ‘Global Colloquium on Participant- Centered Learning (GloColl)’ at the Harvard Business School, Boston, U.S. & Harvard Centre, Shanghai, China. She also participated in “Developing Leadership, Governance & Management in Higher Education” programme conducted by Leadership Foundation for Higher Education & UKIERI in Birmingham, UK.

As a Founder Director since 2018, Dr. Sahay is executing carefully prepared Strategic Plan of setting up a world class, state-of-the-art campus at IIM Bodh Gaya as a “research-based business school”. IIM Bodh Gaya has made remarkable progress under her leadership. She started two new programs, Ph.D. and Five-Year Integrated Programme in Management (BBA+MBA) and established ‘Samatvam: The Centre for Mindfulness’. She is also starting Off-Campus of IIM Bodh Gaya in Patna.

Prior to IIM Bodh Gaya, she was Professor of Marketing at IIM Raipur since 2012 holding several academic leadership positions including Chairperson (International Relations) and Chairperson (Doctoral Programmes) and membership of many committees. She was Professor & Chairperson, PGDM at IMT Ghaziabad from 2007. Her teaching, research and training interests include Marketing of Services/ Financial Services, Product and Brand Management, Retailing Management, Customer Value & CRM. She has conducted many Management Development Programmes for senior executives.

Dr. Sahay has published and presented over 70 research papers in International/National Journals/ Conferences and book chapters. She has organized three large international conferences and edited five books. As token of excellence of her work, she has received many academic awards including best paper award. Was an Editor of a Journal Special Issue. Other professional achievements include:

Member of All India Board of Management Studies, AICTE since 2018 till date
Member of the Committee to grant Graded Autonomy to Standalone Institutions under AICTE for 2019-20, 2020-21 & 2021-22, Member of Departmental Promotion Committee (DPC) of AICTE • Chairperson for Lilavati Award 2021-22 by AICTE for Women Empowerment
Member Internal Quality Assurance Cell (IQAC) of Central University of South Bihar in Oct 2020
Chairperson & Member Expert Committee of UGC for visit to different Universities for
Thesis Examiner for Ph.D. for several Central/Public Universities
Member Board of Recruitment for IIIT Raipur

Dr. Sahay has made significant contributions on the social welfare and community development front. She is also working in the areas of school and higher education leadership and quality management. She has worked towards health care and upliftment of the weaker sections of society including scheduled caste and scheduled tribes. She is closely working with Dr. Ambedkar International Centre under Ministry of Social Justice and Empowerment.

Ashok Jhunjhunwala, Institute Professor at IIT Madras, president, IITM Research park, IITM Incubation cell and RTBI, did his B. Tech degree from IIT Kanpur and MS and PhD from University of Maine, USA and was a faculty at Washington State University, USA for a year and half before joining as a faculty at IIT Madras in 1981. In 2017-18, he was on sabbatical from IITM and was Principal Advisor to Minister of Power, MNRE and Railways, Government of India, New Delhi.

Dr. Jhunjhunwala is considered a pioneer in nurturing Industry-Academia interaction in India towards R&D, Innovation and Product Development. He conceived and built India’s first university affiliated business park (IIT Madras Research Park) to promote Industry- Academia R&D collaboration and IITM Incubation Cell and Rural Technology and Business Incubator (RTBI) to drive innovation. TIE conferred him the title of Dronacharya for his contributions to the cause of entrepreneurship, as he incubated and nurtured more than 275 companies at IIT Madras with a current value of over ₹32,000 Crores.

Dr. Jhunjhunwala has been Chairman and member of various government committees and has been on boards of several education institutions in the country. At the same time, he has been on the boards of a number of public and private companies and has driven comprehensive changes, especially in the areas of technology, in these companies. He was on the board of State Bank of India, Bharat Electronics Ltd, HTL, NRDC, IDRBT, VSNL and BSNL as well as in Tata Communications, Mahindra Electric, Sasken, Tejas Networks, TTML, Intellect and Exicom. He was on the board of BIRAC and the Chairman of Technology Advisory Group of SEBI. Also, he is currently part of RBI Innovation Hub and Chairperson of College of Engineering, Trivandrum, Kerala and Board Member of National Rail and Transportation Institute (NRTI).

Dr. Jhunjhunwala was conferred Padmashri, Shanti-Swarup Bhatnagar Award, Vikram Sarabhai Research Award, H. K. Firodia Award, Silicon India Leadership award, Millenium Medal at Indian Science Congress, UGC Hari Om Ashram Award, IETE’s Ram Lala Wadhwa Gold Medal, JC Bose fellowship, Bernard Low Humanitarian award “Dronacharya” and Lifetime Achievement Award by TIE, Chennai among many others. He is fellow of IEEE, INSA, NAS, IAS, INAE and WWRF and member of National Academy of Engineering (NAE), USA. He has also been conferred honorary Doctorate by University of Maine and Blekinge Institute of Technology, Sweden.

Shri Sameer has more than 23 years of experience with a deep understanding of traded equity and debt assets classes, underlying physical commodity markets, and global Index /FX / interest rate / commodity derivatives in both exchange and OTC markets. In his present role as Chief Business Officer, he spearheads the entire BSE group’s Business Development and Marketing function which includes trading and distribution functions, as strategic ventures of the exchange. Under his leadership, BSE has seen a revival of market share in tradition business segments such as equity, equity derivatives, currency derivatives and fixed income segments. He is also instrumental in BSE’s business expansion and leadership in newer areas such as interest rate options, and commodity derivatives markets.

He was instrumental in conceptualization and setting up of India’s first International Exchange in GIFT CITY IFSC – “ INDIA International Exchange “– where he oversees the Business Development and Marketing function. In a very short time period, India INX has witnessed a single day turnover of over US$ 30 billion and a market share of over 90 percent. He is also credited to launch first of its kind outbound platform India INX GA in GIFT CITY IFSC for Indian Investors to access Global Exchanges like CME, LME, ICE etc.

Due to his rich experience and professional skillset, he is part of various committees and working groups of the Government of India, regulatory bodies like SEBI / IFSCA / Niti Aayog and Global bodies and associations. In this role he has played a key role in the conceptualizing of Gold Spot Exchange in both GIFT city and India Domestic Zone and launch of World’s first ‘Options in Goods’ in commodity segment.

In his previous assignment as Senior Vice President (PKMT & Business Development) at MCX, where he was one of the core founding team Member responsible for the setup of the commodity exchange in India. He is credited for successful launch of the flagship contracts on MCX the Gold, Silver, WTI Crude Oil and Copper contracts. The Gold Petal contract launched on April 18, 2011 was awarded as the Best Innovative contract of the year by FOW Singapore. During his tenure at MCX, he was also instrument in successfully launching and heading business functions at domestic exchanges like MCX and MCX-SX, and International Exchanges including:

Dubai Gold and Commodities Exchange (DGCX - Dubai)
Singapore Mercantile Exchange (SMX – Singapore)
Bahrain Financial Exchange (BFX – Bahrain)
Global Board of Trade (GBoT – Mauritius)
Bourse Africa (Botswana)

He began his career with K J Investors Services (I) Pvt. Ltd., an affiliate of Cargill Investors Services, Illinois, Chicago, USA as Senior Financial Analyst.

He currently serves as the member of the Board of Directors of:

India INX Global Access IFSC Limited
Indian Clearing Corporation Limited
BSE E-Agricultural Markets Limited
BSE Sammaan CSR Limited
CDSL Commodity Repository Limited
India International Clearing Corporation (IFSC) Limited

He is considered a credible and trusted domain expert in a diverse areas ranging from commodities trading, Index development, Hedging Strategies, Financial Product Design & launch, and physical market outreach. He is awarded the “India UAE business Ambassador of the year 2018” at Abu Dhabi for his achievements in financial markets globally. He is Science Graduate from Mumbai University and MBA in finance.

This website, www.indiainx.com and any other regional language websites and the Windows Store Apps (hereinafter referred to as "the Website") are operated by India INX IFSC Limited, (hereinafter referred to as "India INX").
India INX does not offer any services to any person through the Website. Access to any information on or through the Website is provided only on an "as is where is basis" and "with all faults". All information or products available on or through the Website, and any software made available on the Website, are on the "best effort basis".
India INX does not, expressly or impliedly, warrant, guarantee or make any representations concerning the use, results of use or inability to use or access the information or contents of the Website, in terms of accuracy, reliability, completeness, correctness, functionality, performance, continuity, timeliness or otherwise, fitness for a particular purpose.. Any information or data available on the Website may contain inaccuracies and/or typographical errors. India INX does not warrant that the Website or functions thereof will be uninterrupted or free of any error or defect or that information on the Website will satisfy any intended purpose or requirement of the user.
The user assumes the entire risk with respect to the use, results of such use, in terms of accuracy, reliability, performance, completeness, comprehensiveness, correctness, functionality, performance, continuity, timeliness of the information, data or any content available on the Website.
India INX disclaims any and all liability, current or future, for any error made or omission committed with respect to the transmission of data, information or material available on the Website.
The user waives his or her right to any claim based on the detrimental effects or results of any reliance placed by the user on any information or data available on the Website.
The development of the Website with respect to the nature of the information or data available on the Website, is a continuous and ongoing process. India INX disclaims any and all liability and/or responsibility for loss of any information or data, or any consequence, intended or unintended, due to the operation of the Website. India INX does not assume or purport to assume any responsibility or liability to the user for failure or inability of the user to access or use the Website for any purpose. Published information or data available on the Website may not be current or up to date for any purpose
This Website is not to be and should not be construed as purporting to offer any information or services to citizens of such jurisdictions whose laws conflict with, differ from, or provide higher requirements than those necessitated by the laws of the Republic of India.
This Website may contain links to other websites operated by parties other than India INX. India INX is not responsible for the contents of or information offered by any linked website or any link contained in a linked website, or any changes or updates to such websites, irrespective of whether these websites are operated by members of India INX or other third parties. Inclusion of such a link on the Website does not imply any degree of endorsement by India INX, regarding the quality of information provided or the nature of content by such a linked website
The Website may contain information sourced from third parties. India INX is not responsible for the contents of or information offered by such third parties on the Website. Inclusion of such information on the Website does not imply any degree of endorsement by BSE, regarding the quality of information provided or the nature of content provided by the third party.
India INX neither endorses any product or service sold by its member-brokers, sub-brokers affiliated with its member brokers, or any other party nor makes any representation or warranty, express or implied, of any kind whatsoever, including but not limited to, warranties or merchantability or fitness for any particular purpose.
India INX does not provide any advice in this regard and shall not be liable to any person who enters into any business relationship with a member-broker/sub-broker, and / or any other party based on any information accessed from the Website or uses such information or is accessing any information for any investment, company affairs, legal, tax or accounting advice or advice regarding the suitability or profitability of a security or investment. Any information on the Website must not be construed as business/investment advice, and the user should exercise due caution and/or seek independent advice before the user enters into any business relationship with any member broker/sub-broker, and /or any other party or enters into any investment or financial obligation based on any information provided on the Website
Any person who is accessing or has accessed any information or data from the Website acknowledges and agrees that all proprietary rights, statutory or otherwise, in the information received by such person shall remain the exclusive property of India INX. Any reproduction, redistribution or transmission, for consideration or otherwise, of any such information contained in the Website is strictly prohibited and would constitute a breach of the laws of India.
India INX shall not be liable for any claims or losses of any nature, arising directly or indirectly, from the use or application of the data, information or material accessed from the Website. Any change or amendment to this disclaimer, altering any of the provisions set out herein, may be made at the sole discretion of India INX, without notice.
In relation to any legal action or proceedings against India INX in a court of law regarding any matter connected or related to use or access of this Website, such person accessing this Website irrevocably submits to the exclusive jurisdiction of the courts of Ahmedabad and waives any objection to such proceedings on grounds of venue or on the grounds that the proceedings have been brought in an inconvenient forum. The governing law in such legal proceedings referred to above shall be the laws of the Republic of India.
Nothing contained in the Website or this Disclaimer may be construed to create a privity of contract between the user and India INX.
The contents of this disclaimer are also applicable to India INX's regional language websites and to any other facilities/tools as 'view only', 'download' or 'executable' offered through the Website that shall be subject to additional specified Terms and Conditions. India INX will make every effort to keep the Website current and to correct errors brought to the notice of India INX
The contents of this disclaimer are also applicable to India INX's regional language websites and to any other facilities/tools as 'view only', 'download' or 'executable' offered through the Website that shall be subject to additional specified Terms and Conditions. India INX will make every effort to keep the Website current and to correct errors brought to the notice of India INX
Trademark Notice. India INX is trademarks and/or service marks of India INX and all rights accruing from the same, statutory or otherwise, wholly vest with India INX. Any violation of the above would constitute an offence under the laws of India and international treaties governing the same.
India INX, or any of its affiliated companies, does not represent or endorse the accuracy or reliability of any of the advertisements (collectively), i.e. links, downloads, distributions or other information accessed directly or indirectly from host advertisements contained on this website nor the quality of any products, information or other materials displayed, purchased or obtained by any consumer, as a result of an advertisement or any other information or offer in connection with the service or products. The exchange shall not be responsible for any errors or omissions contained within any third party advertisement contained within this website. The exchange expressly clarifies that it is not providing any "co - branding" and is not associated in any way with any of parties that may choose to advertise in this website.
The exchange expressly disclaims any and all warranties, expressed or implied, including without limitation, warranties of merchantability and fitness for a particular purpose, and non-infringement, with respect to the service or any materials and products.
This site may contain links to other web sites operated by third parties ("linked sites"). The exchange neither endorses nor is affiliated with the linked site and is not responsible for any content of any linked site or any link contained in a link site, or any changes or updates to such sites.
In no event shall the exchange be liable for any damages, whatsoever, and in particular, shall not be liable for direct, indirect, consequential, incidental, or punitive damages, or damages of lost profits, loss of revenue, or loss of use, arising out of related to any advertisements on this website, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise. In particular the exchange shall not be responsible for or liable for any threatening, defamatory, obscene, offensive or illegal content appearing in the advertisements and further shall not be responsible for any infringement of another's rights, including intellectual property rights
THE India INX IFSC LIMITED ("EXCHANGE"), OR ANY OF ITS AFFILIATED COMPANIES, DOES NOT REPRESENT OR ENDORSE THE ACCURACY OR RELIABILITY OF ANY OF THE ADVERTISEMENTS (COLLECTIVELY), I.E. LINKS, DOWNLOADS, DISTRIBUTIONS OR OTHER INFORMATION ACCESSED DIRECTLY OR INDIRECTLY FROM HOST ADVERTISEMENTS CONTAINED ON THIS WEBSITE NOR THE QUALITY OF ANY PRODUCTS, INFORMATION OR OTHER MATERIALS DISPLAYED, PURCHASED OR OBTAINED BY ANY CONSUMER, AS A RESULT OF AN ADVERTISEMENT OR ANY OTHER INFORMATION OR OFFER IN CONNECTION WITH THE SERVICE OR PRODUCTS. THE EXCHANGE SHALL NOT BE RESPONSIBLE FOR ANY ERRORS OR OMISSIONS CONTAINED WITHIN ANY THIRD PARTY ADVERTISEMENT CONTAINED WITHIN THIS WEBSITE. THE EXCHANGE EXPRESSLY CLARIFIES THAT IT IS NOT PROVIDING ANY "CO – BRANDING" AND IS NOT ASSOCIATED IN ANY WAY WITH ANY OF PARTIES THAT MAY CHOOSE TO ADVERTISE IN THIS WEBSITE.
THE EXCHANGE EXPRESSLY DISCLAIMS ANY AND ALL WARRANTIES, EXPRESSED OR IMPLIED, INCLUDING WITHOUT LIMITATION, WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT, WITH RESPECT TO THE SERVICE OR ANY MATERIALS AND PRODUCTS.
THIS SITE MAY CONTAIN LINKS TO OTHER WEB SITES OPERATED BY THIRD PARTIES ("LINKED SITES"). THE EXCHANGE NEITHER ENDORSES NOR IS AFFILIATED WITH THE LINKED SITE AND ARE NOT RESPONSIBLE FOR ANY CONTENT OF ANY LINKED SITE OR ANY LINK CONTAINED IN A LINK SITE, OR ANY CHANGES OR UPDATES TO SUCH SITES.
IN NO EVENT SHALL THE EXCHANGE BE LIABLE FOR ANY DAMAGES, WHATSOEVER, AND IN PARTICULAR, SHALL NOT BE LIABLE FOR DIRECT, INDIRECT, CONSEQUENTIAL, INCIDENTAL, OR PUNITIVE DAMAGES, OR DAMAGES OF LOST PROFITS, LOSS OF REVENUE, OR LOSS OF USE, ARISING OUT OF RELATED TO ANY ADVERTISEMENTS ON THIS WEBSITE, WHETHER SUCH DAMAGES ARISE IN CONTRACT, NEGLIGENCE, TORT, UNDER STATUTE, IN EQUITY, AT LAW OR OTHERWISE. IN PARTICULAR THE EXCHANGE SHALL NOT BE RESPONSIBLE FOR OR LIABLE FOR ANY THREATENING, DEFAMATORY, OBSCENE, OFFENSIVE OR ILLEGAL CONTENT APPEARING IN THE ADVERTISEMENTS AND FURTHER SHALL NOT BE RESPONSIBLE FOR ANY INFRINGEMENT OF ANOTHER'S RIGHTS, INCLUDING INTELLECTUAL PROPERTY RIGHTS.
Copyright Notice. Except as otherwise noted on this Website, the contents of this Website are copyrighted © 2016 by India INX. All rights are reserved. No part of the information on this Website, including text, graphics and html code, may be reproduced or transmitted in any form by any means, without the express written consent of India INX.

THE SOFTWARE IS PROVIDED BY BSE INTERNATIONAL IFSC LIMITED, ("India INX") THROUGH ITS WEBSITE/S ON "AS IS" AND "WITH ALL FAULTS" BASIS. India INX MAKES NO REPRESENTATIONS OR WARRANTIES OF ANY KIND CONCERNING THE QUALITY, SAFETY OR SUITABILITY OF THE SOFTWARE, EITHER EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION ANY IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON-INFRINGEMENT.
India INX MAKES NO REPRESENTATIONS OR WARRANTIES AS TO THE TRUTH, ACCURACY OR COMPLETENESS OF ANY STATEMENTS, INFORMATION OR MATERIALS CONCERNING THE SOFTWARE THAT IS CONTAINED ON AND WITHIN ANY OF THE WEBSITES OWNED AND OPERATED BY India INX.
IN NO EVENT WILL India INX BE LIABLE FOR ANY DIRECT, INDIRECT, PUNITIVE, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES HOWEVER THEY MAY ARISE AND EVEN IF India INX HAVE BEEN PREVIOUSLY ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
There are inherent dangers in the use of any software available for download on the Internet, and India INX cautions you to make sure that you completely understand the potential risks before downloading any of the software. You are solely responsible for adequate protection and backup of the data and equipment used in connection with any of the software, and India INX will not be liable for any damages that you may suffer in connection with using, modifying or distributing any of the software.
There are certain tools available as freeware. You may download and use these tools only if you agree with the terms & conditions given below. It is your responsibility to read it and understand its terms and conditions.
You may install and use the Software on any computer in your possession or under your control and copy and redistribute the Software provided it is not modified in any way and you do not charge for its distribution, without explicit prior written permission of India INX.
You may not: a. modify, translate, reverse engineer, decompile, disassemble, or create derivative works based on the Software; b. sell, rent, lease, or charge for access to the Software; c. remove any proprietary notices or labels on the Software. or distribute the Software for a fee, whether as a stand-alone product, or as part of a compilation or anthology, without India INX's prior written consent;
TITLE
Title, ownership rights, and intellectual property rights in and to the Software, and any copies of the Software shall at all times remain with India INX and/or its suppliers. The Software is protected by the copyright laws of India and international copyright treaties.
TECHNICAL SUPPORT AND UPDATES
This Agreement does not entitle you to receive from India INX printed manuals, technical support, phone support, updates, or enhancements to the Software. India INX may at its own discretion offer fee-based support, consulting and custom engineering services for the Software.
NO India INX's VENDOR OR AGENT IS AUTHORIZED TO MAKE ANY MODIFICATIONS, EXTENSIONS, OR ADDITIONS TO THIS DISCLAIMER.
LIMITATION OF LIABILITY
TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, UNDER NO CIRCUMSTANCES AND UNDER NO LEGAL THEORY, TORT, CONTRACT, OR OTHERWISE, SHALL India INX BE LIABLE TO YOU OR TO ANY THIRD PARTY FOR ANY DIRECT, INDIRECT, SPECIAL, INCIDENTAL, OR CONSEQUENTIAL DAMAGES OF ANY CHARACTER INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF GOODWILL, WORK STOPPAGE, COMPUTER FAILURE OR MALFUNCTION, OR ANY AND ALL OTHER COMMERCIAL DAMAGES OR LOSSES ARISING OUT OF THE USE OF OR INABILITY TO USE THE SOFTWARE, EVEN IF India INX SHALL HAVE BEEN INFORMED OF THE POSSIBILITY OF SUCH DAMAGES.
These terms & conditions are in addition to the 'Disclaimer' on the India INX website/s and supersede any other communications, advertisements, or understandings with respect to the Software.