MyMaster11 in compliance with Indian Cyber Laws
The issue of online privacy is extremely crucial for MyMaster11 which is committed to safeguarding the information provided by its members (registered users) and other visitors (unregistered users) logging on to its Web sites. MyMaster11 is dedicated to create a secure environment for internet. Respecting the privacy of its online visitors while providing top-of-the-line web and software development, games development, mobile app development and digital marketing to its registered user has remained the core of MyMaster11 strategy. Our Privacy Policy gives visitors a view of the Privacy Practices followed by MyMaster11 and assures them of safe passage through the website for building safe online community. At the same time, MyMaster11 would like to make it clear that its site provides links to other Web sites that are governed by their own Privacy Policies and does not take responsibility for the security provided by these sites. Visitors to the MyMaster11 site are urged to familiarize themselves with its Privacy Policy as well the policies of the sites that collect personally identifiable information. When you provide us with your personal data, you are agreeing to the rules and regulations stipulated under our Privacy Policy and are bound by it. If you do not agree to our Policy please do not use the Site. The Privacy Policy covers the following areas:
1. Type of information collected through the Web site Personal Information Users registering at the MyMaster11 sites are requested to provide some personally identifiable information which becomes the property of MyMaster11 and can be shared, disclosed or distributed to third parties only in accordance with the Privacy Policy. It must be clarified here that registration is not required for visitors to the site who do not require any specific services.
2. Use and Disclosure of personal information MyMaster11 will not sell or rent such personally identifiable information collected. The personally identifiable information is supplied voluntarily for some of the following purposes:
• Registration Data & Other Optional Information:
If you are merely a visitor to our site then MyMaster11 does not collect any personal information about you, except to the limited extent through the use of cookies, as described below. If you decide to use certain services offered on the site, you will be asked to register on registration link. During registration you will be requested to complete a registration form setting out basic online contact information about yourself. Such information includes Name, Email ID, skype ID, Company name, Contact Number.
• E-mail information:
When we receive e-mails from you, we may retain the content of any e-mail messages sent to us, as well as details of your e-mail address. • Use of web-based tracking mechanisms such as Cookies:
Cookies, which enable us to store small amounts of information contained in your Web site browser, may be used on some areas of our website. Cookies, that help us track your navigation, enable us to tailor our offerings to your needs. The kind of information that may be stored on a cookie includes registration data so that a user does not need to re-enter the information every time he/she visits a particular area, user IP address, user ISP details, user search track/log details and user browser details. Third party Websites which are accessible from our Site via links, click-through or banner advertising may use Cookies. However, it is important for us to inform you that we have no access or control over such Cookies and do not accept responsibility with regards to them. 3. Choice OR opt out
MyMaster11 gives you the choice regarding the collection and usage of your personally identifiable information. During registration for “joining our mailing list,” we request for contact information in order to send bulletins and for advertising purposes. Again, it is not necessary for you to register in order to access and use our Site. You may therefore choose to opt out of providing such information. Further, once you are registered at the MyMaster11 site, you will have the option at any stage to inform us that you no longer wish to receive future e-mails and you may “unsubscribe” by contacting on support@mastervert.com
4. Security Practices As per I.T. Act, 2000 and Rules of I.T. Act, 2000 (Upgraded as per Amendment in I.T. Act, 2000 and its rules) MyMaster11 has implemented stringent, internationally acceptable standards of technology and operational security in order to protect personally identifiable information from loss, misuse, alteration or destruction. The data resides behind a firewall, with access restricted to authorized MyMaster11 personnel. IDS, IPS and other state of the art security solutions through third party data center servers for a secured user experience.yudiz.com has implemented “Reasonable Security Practices” as required by the Information Technology Act,
2000 rules including any amendment in the said Act and rules. By complying with such provisions, MyMaster11 assures proper care and control over its I.T. and Security operations under sections 43, 43A, 45 & Section 85 of I.T. Act, 2000 including related rules. By using this site you agree that Yudiz.com shall not be held responsible for any uncontrollable security attack and in such cases, you agree that MyMaster11 shall not be held responsible for any type of financial, opportunity, legal, business and reputation losses that may occur to you under the Provisions of Section 43, 43A and 45 of Information Technology Act, 2000 and including any amendments in the said Act. You further agree that MyMaster11 management shall not be held responsible directly or indirectly for any cyber-crime related criminal liabilities under I.T.Act,2000 relating to your information as you agree and acknowledge that management of MyMaster11 complies with due diligence requirements of I.T.Act,2000 including its rules and amendments. For questions regarding the privacy statement, practices of the site, or any other transaction issue, please contact support@mastervert.com. We are very sensitive to the children privacy. If you come to know that your child has given wrong age information on MyMaster11 then please contact support@mastervert.com to remove such data.
5.The participants who are above the age of 18 years and have successfully completed their registration process by entering valid and adequate information in the registration form are sent a confirmation email comprising their login details.
6.In every "Discount Dhamaka" contest, you can use only a specified portion of your discount wallet balance, and any remaining amount needed to participate must be paid from your deposit wallet. Therefore, it is crucial to check the contest-specific limits on how much can be used from the discount wallet and ensure you have sufficient funds in your deposit wallet to cover the rest, ensuring smooth participation.
Using the Discount Wallet:
In each "Discount Dhamaka" contest, you are allowed to use only a specific portion of the funds from your discount wallet. This means that there is a limit to how much of your discount credits can be used for a single contest.
Supplementing with Deposit Wallet:
After utilizing the allowable amount from your discount wallet, the remaining required amount to participate in the contest must be supplemented using your deposit wallet. This ensures that the total entry fee or required amount is covered.
Checking Usable Amounts:
Before participating in a contest, you should verify the specific amounts that can be used from each wallet. Each contest might have different rules or limits regarding how much can be used from the discount wallet.
VIOLATION OF PLATFORM TERMS
a) You shall not engage in any Fair Play Violation.
b) You shall not violate any of the Terms in using and accessing Our Platform and Services.
c) You shall not misuse any Discount and/or any other offers or promotions given by Us.
d) You agree that you shall use the Platform and Our Services solely in Your personal capacity, and You will not engage in malpractices or collude with other Users in deriving any benefit and/or running any business in connection with the use of Our Platform and/or Services.
e) You shall not be engaged in any form of insider trading, i.e., illegally sharing and seeking non-public information, knowledge of participating teams in any given contest/match, strategies, organizing boards, leagues, etc., which may give You an unfair competitive advantage. (“Insider Trading”)
f) You shall not tamper, modify, or otherwise deal with our data, content, software, technology, and/or Intellectual Property by any means.
g) The corporation may take away all of your Real Money, Bonuses, and Giveaways if you engage in any form of misconduct.
h) If you commit any kind of wrongdoing, the company has the right to permanently terminate your user ID.
TAXES PAYABLE
From 01 October 2023, 28% GST is applicable on the amount deposited by You in Your Unutilised Account. You can view the GST paid on each deposit made by You in the Unutilised Account on the ‘My Transaction’ page on the Platform. The GST value listed on the invoice shall be the final GST amount charged to You.
All winnings shall be subject to deduction of tax (“TDS”) as per the Income Tax Act 1961. With effect from 1st April 2023, TDS of 30% shall be deducted from Net Winnings (“NW”) on each withdrawal request placed by You.
For the purpose of calculating NW:
calculation of NW for the first withdrawal during the Financial Year (“FY”):
NW = A - (B+C)
A = Aggregate amount withdrawn from the Winning Account;
B = Aggregate amount of non-taxable deposit made in the Unutilised Account till the time of withdrawal;
C = balance amount in the Unutilised Account and the Winning Account at the beginning of the FY (“Opening Balance”);
NW shall be Zero if the sum of B & C is equal to or greater than A.
calculation of NW during the FY in each subsequent withdrawal from the Winning Account:
NW =A-(B+C+E)
A = Aggregate amount withdrawn from the Winning Account till the time of such withdrawal including the amount of such subsequent withdrawal;
B = Aggregate amount of non-taxable deposit made in the Unutilised Account till the time of such subsequent withdrawal;
C = balance amount in the Unutilised Account and the Winning Account at the beginning of the FY (“Opening Balance”);
E = NW comprised in earlier withdrawal or withdrawals during the FY until this subsequent withdrawal if tax has been deduced on winnings comprised in such withdrawal or withdrawals;
NW shall be Zero if the sum of B, C & E is equal to or greater than A.
calculation of NW at the end of the FY:
NW =(A+D)-(B+C+E)
A = Aggregate amount withdrawn from the Winning Account during the FY;
B = Aggregate amount of non-taxable deposit made in the Unutilised Account during the FY;
C = balance amount in the Unutilised Account and the Winning Account at the beginning of the FY (“Opening Balance”);
D = balance amount in the Unutilised Account and Winning Account at the end of the FY (“Closing Balance”);
E = Net Winnings comprised in earlier withdrawal or withdrawals during the FY until this subsequent withdrawal if tax has been deduced on winnings comprised in such withdrawal or withdrawals;
NW shall be Zero if the sum of B, C & E is equal to or greater than the sum of A & D.
In the event, You do not withdraw any of Your winnings during a financial year and You have Net Winning balance as of 31 March of each year, then TDS of 30% shall be deducted on such Net Winnings balance from Your Winning Account as on 31 March as calculated above.
In case of any revisions by the Government of India to the aforementioned rate or the definition of Net Winnings in the future, TDS will be deducted by Us in accordance with the then-current prescribed TDS rate and the revised definition of Net Winnings. Winners will be provided TDS certificates in respect of such tax deductions. The Winners shall be responsible for payment of any other applicable taxes, including but not limited to, income tax, gift tax, etc. in respect of the Net Winnings. We shall not in any manner be responsible for users' individual tax matters.
ACCOUNT INFORMATION
a) You are permitted to create only one Account on Our Platform. When creating Your Account with Us (or updating Your Account information), You agree that You will provide true, accurate and updated information and documentation. You will not provide any false and/or incorrect information and documentation nor impersonate or attempt to impersonate and/or otherwise assume the identity of another person without due authority. You will not commit any such fraudulent act which amounts to forgery and/or involves the fabrication of documentation.
b) You agree and acknowledge that the address-related details provided by You shall be treated as Your “Address on record” for the purposes of the Goods and Service Tax Act.
c) You agree that You shall promptly update your Account related details on Our Platform in the event of any change in such details and/or write to Our Help and Support in the event of any; a) change in Your Account related details and/or; b) any unauthorised use of Your Account to enable us to take remedial action.
MAINTAIN CONFIDENTIALITY
a) You will maintain the confidentiality of all information relating to Your Account, and You will not share Your One Time Password (“OTP”) with any other person.
b) You will not engage in any fraudulent conduct in logging into another user’s account by asking for their account-related information or taking their OTP.
c) It is entirely your obligation to keep your password completely private after registering on our app. Be careful not to divulge your password to friends or anybody else. If someone else uses your password to enter into or access your user account, we are in no way liable.