Legal Disclaimer
Below is a professionally drafted Legal Disclaimer for the CYD Prize Scheme for Catch Your Dream Pvt. Ltd. (CYD). You should have this vetted by your company’s legal advisor before publishing to ensure compliance with Indian laws (including lottery, consumer protection, and promotional scheme regulations).
Catch Your Dream Pvt. Ltd. (CYD) – Assured Prizes
This Prize Scheme (“Scheme”) is organized and promoted by Catch Your Dream Pvt. Ltd. (CYD), having its registered office at Masjid Bunder, Mumbai, Maharashtra, India.
1. Eligibility
The Scheme is open to legal residents of India aged 18 years and above.
Employees, directors, distributors, retailers, and immediate family members of Catch Your Dream Pvt. Ltd. are not eligible to participate.
Participation in the Scheme is voluntary.
2. Scheme Period
The Scheme is valid for a limited promotional period as declared by the Company.
The Company reserves the right to extend, modify, or withdraw the Scheme without prior notice.
3. Prize Details
A total of 50,000 customers will receive assured prizes, subject to verification.
Prizes include gold coins, silver coins, CYD AirPods, and other promotional items.
The total prize pool value is up to ₹10 Crores (approximate and subject to change based on market value).
The weight, purity, and design of gold/silver coins shall be determined solely by the Company.
4. Prize Distribution
Prizes are non-transferable and cannot be exchanged for cash.
Prize claims are subject to submission of valid proof of purchase and verification by the Company.
The Company reserves the right to substitute any prize with another of equal or greater value without prior notice.
5. Warranty & Product Policy
All CYD AirPods are covered under a 3-month replacement warranty from the date of purchase against manufacturing defects only.
Physical damage, water damage, mishandling, or unauthorized repair attempts will void the warranty.
6. Fraud & Misuse
The Company reserves the right to disqualify any participant found tampering, misrepresenting information, or violating the terms of the Scheme.
In case of disputes, the decision of Catch Your Dream Pvt. Ltd. shall be final and binding.
7. Tax Liability
Any applicable taxes, including TDS (Tax Deducted at Source), GST, or other statutory levies on prizes shall be borne by the winner as per Indian law.
The Company may deduct applicable taxes before releasing the prize.
8. Limitation of Liability
The Company shall not be responsible for any loss, damage, delay, or technical failure related to participation in the Scheme.
The Company makes no warranties beyond those expressly stated.
9. Governing Law & Jurisdiction
The Scheme shall be governed by the laws of India.
Any disputes arising shall be subject to the exclusive jurisdiction of courts in Mumbai, Maharashtra.
⚖️ IMPORTANT LEGAL NOTE
In India, prize schemes must comply with:
The Consumer Protection Act, 2019
The Legal Metrology Act (for MRP compliance)
Prize Chits and Money Circulation Schemes (Banning) Act, 1978
GST and Income Tax regulations
⚠️ It is strongly recommended that your legal consultant review this scheme to ensure it does not qualify as a lottery or money circulation scheme under India.