Privacy Policy

Privacy Policy

1. Introduction

Welcome to Contestfyi.com (“we,” “our,” or “us”). Contestfyi is operated under the aegis of Cyan Event & hospitality management. We value your privacy and are committed to protecting your personal information. This Privacy Policy explains how we collect, use, and share your personal data when you visit our website and participate in our events.

2. Information We Collect

• Personal Information: We collect personal information that you provide to us, such as your name, email address, phone number, and payment information.
• Usage Data: We automatically collect information about your interactions with our website, such as IP addresses, browser type, pages visited, and the time and date of your visit.
• Cookies and Tracking Technologies: We use cookies and similar tracking technologies to enhance your experience on our website.

3. How We Use Your Information

• To Provide Services: We use your personal information to provide and manage our services, including event registration and customer support.
• To Improve Our Services: We analyze usage data to improve the functionality and user experience of our website.
• Marketing: With your consent, we may send you promotional materials and updates about our events and services.

4. Sharing Your Information

• Third-Party Service Providers: We may share your information with third-party service providers who perform services on our behalf, such as payment processing and email delivery.
• Legal Requirements: We may disclose your information if required by law or to protect our rights and the safety of others.

5. Your Rights

• Access and Correction: You have the right to access and correct your personal information.
• Data Deletion: You can request the deletion of your personal data, subject to legal and contractual restrictions.
• Opt-Out: You can opt-out of receiving marketing communications from us at any time.

6. Security

We implement appropriate security measures to protect your personal information from unauthorized access, use, or disclosure.

7. Changes to This Privacy Policy

We may update this Privacy Policy from time to time. We will notify you of any significant changes by posting the new policy on our website.

8. Contact Us

If you have any questions about this Privacy Policy, please contact us at info@contestfyi.com

Terms & Conditions

Effective Date: 03 July’2024

1. Acceptance of Terms

By accessing and using Contestfyi.com (“Website”), you agree to comply with and be bound by these Terms & Conditions. Contestfyi is operated under the aegis of Cyan Events. If you do not agree with these terms, please do not use our Website.

2. Use of the Website

• Account Registration: You may be required to create an account to access certain features. You are responsible for maintaining the confidentiality of your account information.
• Prohibited Conduct: You agree not to engage in any activity that is unlawful, harmful, or interferes with the operation of the Website.

3. Intellectual Property

All content on the Website, including text, graphics, logos, and software, is the property of ContestFYI.com or its licensors and is protected by copyright and trademark laws. You may not use any content without our prior written permission.

4. Event Participation

• Registration: To participate in our events, you must complete the registration process and pay 49 rupees
• Code of Conduct: Participants must adhere to our Code of Conduct, which prohibits harassment, cheating, and other unethical behavior.
• Disqualification: We reserve the right to disqualify participants who violate our Code of Conduct or these Terms & Conditions.
• Non-Refundable Payments: All payments made for event registration and participation are non-refundable. By registering for an event, you acknowledge and agree that no refunds will be issued for any reason, including but not limited to, cancellation, disqualification, or inability to attend the event.

5. Judging Criteria

• Leaderboard: Participants will be ranked on a leaderboard based on their performance during the event.
• Voting: In some events, winners may be determined through public or jury voting. Details of the voting process will be provided in the event-specific rules.
• Final Decision: The decision of the judges and/or voting outcomes are final and binding. No correspondence or discussion will be entered into regarding the decisions.

6. Winning and Prizes

• Winner Notification: Winners will be notified via email or through their registered account on the Website.
• Prize Distribution: Prizes will be distributed as per the details provided in the event description. Contestfyi reserves the right to substitute any prize with another prize or greater value.
• Claiming Prizes: Winners must claim their prizes within 30 days of notification. Failure to claim the prize within this period may result in forfeiture of the prize.

7. Tax Terms

• 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:
  1. 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
  2. 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
  3. 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”) and
     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 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.

8. Limitation of Liability

To the fullest extent permitted by law, ContestFYI.com shall not be liable for any indirect, incidental, special, or consequential damages arising out of or in connection with your use of the Website or participation in our events.

9. Indemnification

You agree to indemnify and hold ContestFYI.com and Cyan Events harmless from any claims, damages, losses, liabilities, and expenses arising out of your use of the Website or participation in our events.

10. Changes to Terms

We may update these Terms & Conditions from time to time. You can check website terms and condition.

Contestfyi has rights to change any winning amount at any time without notifying.

11. Governing Law

These Terms & Conditions shall be governed by and construed in accordance with the laws of India, without regard to its conflict of law principles.

12. Contact Us

If you have any questions about these Terms & Conditions, please contact us at info@contestfyi.com.