for payments and cards professionals · 2020. 7. 4. · page 1 of 22 for payments and cards...

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For Payments and Cards Professionals

MVL Consulting Private Limited #17, Laxman Villa, Near Jehangir Specialty Hospital,

Paud Road, Pune 411038, India.

Mobile: +91-91684 35350 | +91-97648 35350

Contact us at: [email protected]

Website: www.mvlco.com

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http://www.mvlco.com/

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Contents What is the Know|Edge Competition? ................................................................... 2

Who can participate? ............................................................................................... 2

Competition domains and categories: .................................................................... 2

Why should you participate? .................................................................................. 3

Prizes and awards: ................................................................................................... 3

How to register? ....................................................................................................... 3

Process and competition rounds: ............................................................................ 4

How Qualification Round will be conducted? ............................................... 4

When do you qualify for Pre-Final Round? ................................................... 4

The Pre-Final Round: ........................................................................................... 5

How Pre-Final Round will be conducted? ...................................................... 5

When do you qualify for the Final Round? .................................................... 6

The Final Round: .................................................................................................. 6

Time table and deadlines: ....................................................................................... 6

Jury Panel for Final Round: ................................................................................... 7

Terms and conditions: ............................................................................................. 8

Appendix 1- Details of topics for Qualification Round ........................................ 9

Appendix 2- Details of topics for Pre-Final Round ............................................11

Appendix 3- Terms and Conditions of Knowledge Competition ......................14

Appendix 4 – System Requirements .....................................................................22

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What is the Know|Edge Competition?

Over past few years, rapid progress is being made in the payments and cards

industry and it has seen major developments in products, technology and also

regulation. MVL Consulting Private Limited (MVLCO), established in 1996,

celebrates its silver jubilee year in 2020. On this occasion, MVLCO organizes its

first Knowledge Competition for Payment and Card Professionals. The MVLCO

Knowledge Competition takes this interesting subject and offers you an opportunity

to challenge others in this industry by joining this friendly three level online

competition. By participating, you also learn more about this interesting industry,

extend your knowledge horizon and may get an opportunity to interact with industry

experts.

Who can participate?

The competition is focused on payments industry professionals and cards industry

professionals. In order to participate in the competition, you should be working or

aspiring to work with any bank, financial institutions, clearing house or market

infrastructure, payment service provider, software technology company or an

organisation supporting the payments and cards industry.

There are no other restrictions and participants from all countries are invited to

participate!

There is no entry fee or participation fee. However, on registration, you have to

provide information required to check the eligibility as also to send contact details

in order to enable us to send the login particulars to enter the online competition.

Only one entry per participant is permitted. If a participant submits more than one

entries, the participant would be disqualified. Refer Appendix 3 for detailed rules to

participate in the competition.

Competition domains and categories:

The Knowledge competition is broadly divided into two domains and two groups.

Domain 1: Payments Industry Professional

• Black Belt (Senior group) Group Code - PB

• Green Belt (Junior group) Group Code - PG

Domain 2: Cards Industry Professional

• Black Belt (Senior group) Group Code - CB

• Green Belt (Junior group) Group Code - CG

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You can join any one or both the domains viz. Payments Industry Professional or

Cards Industry Professional. However, within a domain, you can join only one group

of your choice i.e. Black Belt or Green Belt.

Why should you participate?

The Knowledge competition gives you the unique opportunity to display your

domain skills and to apply to them to challenging problems. You can win awards,

prize certificates and most important, recognition of your knowledge!

Prizes and awards:

All participants, regardless of their results will receive digital participation

certificates to honour their efforts. They will also receive the results of their

performance in qualification round of Knowledge Competition.

The overall best participants from each of the groups can achieve First Prize, Second

Prize or Third Prize.

First Prize Amazon or similar coupon of USD 100 and Prize

Certificate, one recording of CIPSP program or CCPSP

program worth USD 700.

Second Prize Amazon or similar coupon of USD 50 and Prize


program worth USD 700

Third Prize Amazon or similar coupon of USD 25 and Prize



All participants: Official Participation certificate in digital format and a discount

coupon of 10% on any one of MVLCO certification course fees.

How to register?

You will need to fill up an online form on MVLCO website (www.mvlco.com) to

register for Knowledge competition. The forms must be submitted by 21th July, 2020

up to 10.00 PM Indian Standard Time.


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Process and competition rounds:

The knowledge competition consists of three rounds i.e. Qualification Round, Pre-

Final Round and Final Round.

The Qualification Round:

The Qualification Round is the first level and consists of 25 objective questions on

topics related to the domains to be answered in continuous 30 minutes. The

Qualification Test can be taken at any time from 24th July, 2020 up to 2nd August,

2020.

The details of topics for the Qualification Round for each domain are given under

Appendix 1. The questions may vary in difficulty levels. The problems can range

from knowledge skills to calculations to ensure that you find it interesting. The

questions will sharpen your mind and also challenge your domain knowledge.

How Qualification Round will be conducted?

The Qualifications Test will be conducted online at https://www.eklavvya.com/

(hereinafter referred to as “Quiz Portal”). Particulars of login details, test process

will be intimated on registration. The system requirements for accessing the Quiz

Portal are provided in Appendix 4.

Each question in the qualifying round will carry 1 mark. There is no negative

marking for incorrect answers. As soon as you submit your Qualifying Test, the

system will immediately announce your marks online.

The participants are allowed to use reference material while answering the questions.

However, taking help of other(s) is strictly prohibited. The activities of participants

would be automatically monitored through camera attached to device using which a

participant has accessed the quiz. Detailed terms regarding proctoring are explained

in Appendix 3. The quiz application also disallows use of key-board or any other

application while the participant is answering objective questions.

You will get only one attempt to appear for the Qualification Test.

When do you qualify for Pre-Final Round?

All the participants will be graded together and top 25 participants from each group

will qualify for the pre-final round.

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In order to avoid connection issues, upload errors, and other problems, we highly

recommend you to complete the Qualifying Test several days before the official

submission deadline!

The Pre-Final Round:

The Pre-Final Round is the second level. Top 25 participants from each group are

eligible to participate in the Pre-Final Round. The Pre-Final Round will be more

difficult with challenging problems. The Pre-Final Round can be taken at any time

from 5th August, 2020 up to 16th August, 2020.

The Pre-Final Round will consist of 10 different problems consisting of 4 basic level

problems, 4 advanced level problems and 2 problems requiring research.

4 Basic Level (lowest difficulty level) Problems

The basic level problems will require the participant to peruse the case studies and

provide answers to each of the problems. Each correct solution carries maximum 5

points.

4 advanced Level (higher difficulty level) Problems

The advanced level problems will require the participant to peruse the case studies

and provide a solution to each of the problems. Each correct solution carries

maximum 10 points.

2 Research Problems

The research problems will require the participant to study certain topics related to

the relevant domain and provide a solution to each of the problems. This will give

you a chance to conduct research and also help you in solving the problem. Each

correct solution carries maximum 20 points.

The Pre-Final Round will have both, subjective/descriptive and objective questions.

The Pre-Final Round may also require you to draw flow diagrams and upload the

images. The details of topics for the Pre-Final Round for each domain are given

under Appendix 2.

How Pre-Final Round will be conducted?

The Pre-Final Test will be conducted online at https://www.eklavvya.com/.

Particulars of login details, test process will be intimated if you have qualified for

pre-final round.

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The participants are allowed to use reference material while answering the questions.

However, taking help of other(s) is strictly prohibited. The activities of participants

would be automatically monitored through camera attached to device using which a

participant has accessed the quiz. Detailed terms regarding proctoring are explained

in Appendix 3. The quiz application also disallows use of key-board or any other

application while the participant is answering objective questions. The system

requirements for accessing the Quiz Portal are provided in Appendix 4.

You will get only one attempt to appear for the Pre-Final Test.

When do you qualify for the Final Round?

All the participants will be graded and top 10 participants from each group will

qualify for the Final Round.

The Final Round:

The Final Round is the last level and consists of a round of questions and interview

by our eminent panellists from the industry. The panellists will select the final 3

winners out of the participants. The scope of questions can be any topic from

Appendix 1 or Appendix 2.

The Final Round will be scheduled by MVLCO at any time from 21st August, 2020

and 23rd August, 2020. The time schedule for panel interview would be

communicated to the qualifying participants before 21st August, 2020. Any

participant who is unable to appear for panel interview at the scheduled time will be

considered to be disqualified. The system requirements for panel interview are given

in appendix 4.

Time table and deadlines:

Sr. Activity From To How

1 Registration 1st July, 2020 21th July, 2020 Online form

submission

2 Qualifying Round 24th July 2020 2nd Aug, 2020 Online –

Ekalavvya.com

3 Pre-Final Round 5th Aug 2020 16th Aug 2020 Online –

Ekalavvya.com

4 Final Round 21st Aug 2020 23rd Aug 2020 Panel interview

5 Prize declaration 25th Aug 2020 Online event

The Knowledge Competition, 2020

In alphabetical order

Channa de Silva

• Mr. Channa de Silva is Chief Executive Officer of LankaClear (the operator of Sri

Lanka’s National Payment Network – LankaPay).

• He has held various positions at Thakral One, IBM, Microsoft, ITABS and Lanka

Internet.

• He is alumnus of State University of New York, USA

Debjani Mohanty

• Ms. Debjani Mohanty has authored 5 internationally best-selling books on

blockchain and works as an independent consultant on blockchain projects.

• She is also associated as a mentor and honorable faculty at Amity University.

• She was associated with various multi-national companies such as NIIT

Technologies, Aviva Life Insurance and TCS.

Dr. Deepankar Roy

• Dr. Deepankar Roy is an honorable faculty at National Institute of Bank

Management (NIBM) and Symbiosis Center for Management and Human

Resource Development (SCMHRD).

• He has completed his doctoral research in Payment Systems and his focus areas

include digital payments, fintech and cyber-security.

Kathleen McCollough

• Ms. Kathleen McCollough is a global payment professional. As a thought leader,

she is looking for ways to leverage emerging tech in Fintech, blockchain and AI.

• She is associated with 7 – Eleven, USA as Senior Project Manager; Director and

prior to that, she owned the entire PSD2 initiative for Hertz Global Holdings, Inc

Rakesh Verma

• Mr. Rakesh Verma is Head of Payment Products, Government Relations,

Regulatory Affairs & Public Policy at Reliance Industries Limited.

• In the past, he has held various positions at Visa, KPMG, National Payments

Corporation of India, HDFC Bank and ICICI Bank in Payments domain.

• He is associated with implementation of multiple payment projects of national

importance and has won various awards for his contribution to payments domain.

Vipin Surelia (confirmation awaited)

• Mr. Vipin Surelia is Chief Risk Officer, India and South Asia, Visa. In the past he

was associated with Paytm Payments Bank, National Payments Corporation of

India, IBM and HSBC.

• He has experience of 10+ years of working with Reserve Bank of India.

• He is alumnus of Indian Institute of Technology (IIT)

Meet… The Members of Panel of Jury

https://www.linkedin.com/in/channadesilva/

https://www.linkedin.com/in/debajanimohantypmp/

https://www.linkedin.com/in/dr-deepankar-roy-6090333a/

https://www.linkedin.com/in/katmccullough/

https://www.linkedin.com/in/rakesh-verma-862789b/

https://www.linkedin.com/in/vsurelia/

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Terms and conditions:

The terms and conditions for the participants are given in Appendix 3.

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Appendix 1- Details of topics for Qualification Round

Domain 1: Payments

While the topics for Black Belt Group and Green Belt Group are identical, the

difficulty level and depth of questions will differ. The Black Belt Group will have

comparatively difficult questions as compared with questions for Green Belt Group.

The expected understanding of the participants in this round is elementary and

detailed understanding is not required in Qualification Round.

Electronic Payment Systems

• Real Time Gross Settlement System

• Automated Clearing Houses

• Real Time Net Settlement Systems

• Instant Payment Systems

Risks in Payment Systems and Risk Mitigation Techniques

• Settlement risk

• Herstatt risk

• Liquidity risk

• Operational risk

Types of Payments

• Interbank payments

• Customer payments

• Domestic payments

• Regional payments

• Cross border payments

Clearing and Settlements

• Gross settlement

• Net Settlement

Entities in Payment Systems

• Clearing house and its role

• Originating bank

• Beneficiary bank

• Correspondent bank

• Intermediary bank

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SWIFT Messaging

• SWIFT MT for payments (elementary knowledge)

• SWIFT MX/ISO 20022 for payments (elementary knowledge)

Compliance regulation applicable to payments

• FATF concepts

• OFAC concepts

Domain 2: Card Payments



more difficulty level as compared with Green Belt Group.

The expected understanding of the participants in this round is elementary and

detailed understanding is not required in Qualification Round.

Card Payment Systems

• Different types of card e.g. debit card, credit card, prepaid card etc.

• Basics of end to end transaction process

o Card present transaction

o Card not present transaction

• Card issuer identification number and CVV

• Cardholder identification through PIN

Entities in Card Payment Systems

• Schemes/brands and their role

• Issuing bank

• Acquiring bank

• Processors

• Settlement bank

Messaging in Card Payment Systems

• ISO 8583 basics

• ISO 20022 basics

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Appendix 2- Details of topics for Pre-Final Round

Domain 1: Payments



more difficulty level as compared with Green Belt Group. The expected

understanding of the participants in this round is advanced.

Electronic Payment Systems

• Features of Real Time Gross Settlement System

o Message categories

o Intra-day liquidity management

• Features of Automated Clearing Houses

o Push and Pull transaction types

o Direct debit mandates

• Features of real Time Net Settlement Systems

• Instant Payment Systems

o Types of push payments

o Request to pay feature

Payment Transaction Flows

• Domestic payment message flow

• Cross border payment message flow

• R messages

Exceptions and Investigations

• Claim non-receipt

• Unable to apply

• Payment cancellation

• Payment modification

SWIFT /ISO 20022 messaging

• SWIFT MT series of payment messages MT1xx, MT2xx and MT9xx,

Common types

• ISO20022/SWIFT MX series of payment messages pain, pacs and camt (for

pull, push and request to pay transaction types)

• SWIFT Universal Confirmation

• SWIFT Global Payment Initiative

• SWIFT Payments Control

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Harmonisation and migration in messaging

• Cross Border Payments and Reporting CBPR+ Working Group

• High Value Payment Systems HVPS+ Working Group

• Real Time Payments Group RTPG

• Common Global Implementation (CGI) Market Practice Group

• Cross border payment migration

• High value payment systems migration

Alternatives to legacy payments

• Blockchain

• Cryptocurrency payments

• Ripple

Domain 2: Card Payments



more difficulty level as compared with Green Belt Group.

Card Payment Systems

• Overview Magstripe, contact, contactless and NFC cards

• Track data

• End to end card transaction process

• Advances/new concepts in card payment systems

Card Transaction Elements

• 3D secure process 1.0 and 2.0 e.g. Verified by Visa and MasterCard

SecureCode

• EMV online and EMV offline transactions

• Basic concept of tokenisation and payment account reference (PAR)

• Domestic and international transaction process

• Dynamic currency conversion (DCC)

Card Transaction Clearing and Settlement

• Single message and dual message system

• Clearing and settlement between issuer and acquirer

• Merchant settlements

• Cardholder billing, collection and recovery

Card Transaction Dispute and Problem Management

• Dispute resolutions/Chargebacks

• Visa VROL/VMPI, MasterCard MasterCom

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Standards for Card Payment Systems

• PCI DSS basics

• EMV basics

• Nexo basics

Remittances Using Cards

• Remittances using cards e.g. MasterCard MoneySend, Visa Direct

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Appendix 3- Terms and Conditions of Knowledge Competition

I. Background:

The Knowledge Competition (hereinafter referred to as “competition”) is organized

by MVL Consulting Private Limited (hereinafter referred to as “MVLCO”). The

Knowledge Competition is a skill-based online competition in which participants are

asked to submit correct answers to a set of questions using the platform mentioned

in the previous pages. The official language of communication for the competition

would be English (British) only.

II. Eligibility Criteria:

The contestants participating in the Knowledge Competition are hereinafter referred

to as the “Participants”. Contestants are eligible to participate in the Knowledge

Competition in accordance to the eligibility criteria specified below:

1. The To be eligible to take part in the Contest, the Participants need to conform to

all of the following eligibility criteria:

• an Individual;

• aged 18 years and above;

• legally eligible to enter into a contract;

• Working or wishing to work in either payments or card domain

2. This Knowledge Competition is open for the participation of individuals only.

Corporate, Agencies, and any non-human legal entities are not entitled to

participate in this Knowledge Competition.

3. To participate in the Knowledge Competition, the contestant has to read these

terms and conditions completely. And if the terms and conditions are acceptable

to the contestant, the contestant should fill in and submit the requisite the

Knowledge Competition entry form. The link for registration form is available

on www.mvlco.com till the last date of registration.

4. By submitting the entry form, the contestants confirm that all information

provided in the form is complete, accurate and not misleading. No changes can

be made to an Entry once it has been submitted. All entries must be in English.

Incomplete, illegible or garbled entries will be disqualified. LIMIT ONE (1)

ENTRY PER PERSON. Entries will be deemed to have been submitted by the

authorized account holder of the e-mail address submitted at the time of the

entry. "Authorized account holder" is defined as the natural person who is

assigned to an e-mail address by an Internet access provider, online service

provider or organization (e.g., business, educational institution, etc.) that is

responsible for assigning e-mail addresses for the domain associated with the


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submitted e-mail address. The Participants can post only one entry and shall not

be using multiple IDs to participate in the Knowledge Competition. Any

participant found using or participating through multiple IDs in the Knowledge

Competition shall be disqualified immediately and shall not be entitled to win

any prizes and shall be barred from participating in any future

competitions/contests conducted by MVL Consulting Private Limited.

5. Only entries submitted electronically through the registration form in

accordance with these Official Rules will be eligible for consideration. All

entries and the information submitted in the registration form become the

exclusive property of MVLCO.

6. Participants may be subject to rules imposed by their institution or employer

relative to their participation in the competition and should check with their

institution or employer for any relevant policies. Participants are responsible for

determining if the competition is legal in their jurisdiction.

7. Any participation entry that violates these Official Rules, applicable laws or

regulations, or participant’s employer’s or institution’s policies will be deemed

ineligible.

8. MVLCO reserves the right in its sole discretion to disqualify any entrant that it

deems to be in breach of these Official Rules.

III. Authentic Information about the Knowledge Competition

Information as available on the official Knowledge Competition page on

www.mvlco.com is the only authentic and valid information about the

Knowledge Competition. MVLCO shall not be responsible for any

incorrect/misleading information relating to the Knowledge Competition,

presented/ displayed on any other source other than the Knowledge Competition

page available at www.mvlco.com and will not be liable for any loss suffered by

any Participant based on the representation, terms, conditions, information

presented / displayed on any other source other than the Knowledge Competition

page.



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IV. No Entry Fee / Participation Fee

There is no entry fee or participation fee payable by the Participant/s for

participating in this Knowledge Competition. MVL Consulting Private Limited

will not accept any form of payment from any of the Participant/s interested in

participating in the Knowledge Competition, further participation in the

Knowledge Competition will not in itself make the Participant eligible for the

Prize.

V. System Requirements

Internet access is required to participate in the Competition. It will be the sole

responsibility of the participant to ensure that uninterrupted internet connection

and prescribed system (details given in appendix 4) are available as and when

required, for the purpose of competition.

MVLCO shall not be responsible and/or liable in any manner whatsoever in case

any participant is unable to participate due to failure on part of the telecom

operator, Internet provider, facility provider, etc. Further, MVLCO will have no

liability, in case someone is not able to participate on account of his inability to

access the Knowledge Competition links.

VI. Proctoring for Qualifying Round and Pre-Final Round

As qualifying round and pre-final round will be conducted through an online

quiz portal (www.eklavvya.com), proctoring for the same would be done

through camera / web-camera of the device using which a participant has

appeared for the qualifying and pre-final rounds. The participants will have to

grant permission to the quiz portal (and its application) to access device camera

for proctoring.

Any participant who violates the terms of quiz (tries to communicate with

other(s) or tries to use any other application during quiz) will be disqualified.

Such a disqualification may be immediate by termination of quiz (when quiz

application identifies any prohibited activity) or before declaration of winners

(if MVLCO finds any prohibited activity through proctoring)

VII. MVLCO’s sole right to select winners

MVLCO’s decision on the selection of participants of each round and winner(s)

will be final and binding on all the Participant/s. No correspondence,

clarification, explanation in this regard will be entertained by MVLCO. Any

person or participant carrying out any correspondence or clarification or

tweeting or posting any negative comments about the decision of the Jury or

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MVLCO shall liable to MVLCO and shall be immediately disqualified by all

future competitions/contests conducted by MVLCO.

VIII. Prize for Winners

All participants, regardless of their results will receive digital participation

certificates to honour their efforts. They will also receive the results of their

performance in qualification round of Knowledge Competition. The overall best

participants from each of the groups can achieve First Prize, Second Prize or

Third Prize.

First Prize Amazon or similar coupon of USD 100 and Prize


program worth USD 700.

Second Prize Amazon or similar coupon of USD 50 and Prize



Third Prize Amazon or similar coupon of USD 25 and Prize



All participants: Official Participation certificate in digital format and a

discount coupon of 10% on any one of MVLCO certification course fees.

Each winner of the Knowledge Competition will be entitled to win the

mentioned gratification based on the selection of the Jury only. The decision of

the Jury shall be final and binding on all the participants.

Under the circumstances of unavailability of prize, a prize of a similar value

shall be distributed to the winners for which he/she has been selected.

All winners will be notified via email by 25th August 2020.

Any participant taking part in the Knowledge Competition and declared the

winner of the Knowledge Competition by MVLCO and is unable to fulfil any

one or more eligibility requirements, as specified in abovementioned clauses of

these Terms and Conditions, on the date of closure of Knowledge Competition,

shall be disqualified from receiving any Knowledge Competition Prize under

this Knowledge Competition. Inability of the Participant to fulfil the eligibility

requirement, shall be construed as violating the terms and conditions of the

Knowledge Competition by such Participant.

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Any communication, clarification, query, dispute by the winner or any of the

legal heirs/guardians of the winner in any manner will not be entertained by

MVLCO.

The Prize/s shall be subject to the laws of India, including all the tax laws. All

applicable regulatory and statutory duties, cess, surcharges, taxes (including Tax

Deduction at Source), insurances, transfer fees, registration fees etc. that may be

applicable to avail/use the Prize/s will be borne by Winner.

Each winner should provide the following documents to MVLCO for enabling

them to gratify the winner:

• Name

• Complete postal address with pin code

• Photograph

• Age proof

• Residence proof

• Proof of identity

The winners should submit the necessary documentation / proof of identity and

other relevant documentation, within 7 days of receiving intimation of being

selected as winner of the Knowledge Competition by MVLCO.

The prizes are non-endorsable, not transferable and non-substitutable. MVLCO

will not entertain any requests for exchange in lieu of the prize/s. All prizes are

non-transferable. Cash will not be awarded in lieu of a prize, but MVLCO

reserves the right to substitute a prize of equal or similar value at its sole

discretion.

Apart from the entitlement to the above prize/s, the winners and/or their legal

heirs will have no other rights or claims against MVLCO.

MVLCO has sole discretion in the interpretation and enforcement of Knowledge

Competition rules, including but not limited to selection of winner,

disqualification of winner and suspension of response(s) or Participants.

IX. Action against Participants

Any status update, comment, post, tweets made/submitted by any Participant

against the Knowledge Competition, MVLCO, MVLCO employees or Jury shall

be invalid and participant will be liable to compensate MVLCO for losses, if

any, suffered by MVLCO. The concerned participant shall also be immediately

disqualified at the sole discretion of MVLCO.

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The response to this Knowledge Competition must be original and confirm to

decency guidelines. Any response deemed to contain content that depicts

violence, immoral, unethical, illegal, anti-social, racial, political, anti-religious,

sexual or any other inflammatory, defamatory or objectionable material will be

disqualified and removed. MVLCO reserves the right to initiate legal action

against such Participants. Interpretation of what is, and is not, appropriate

material is at the sole discretion of MVLCO.

The Participant shall indemnify MVLCO against any claims from any party and

consequent losses, damages, compensation, whatsoever, that may arise from any

use, including but not limited to, publication of response(s) submitted by the

Participant as a part of, or in association with the Knowledge Competition.

X. Right to Use Entries and Information

By entering the Knowledge Competition, participants grant MVLCO, an

exclusive, irrevocable, royalty-free, perpetual, worldwide right and license to

reproduce, publish, display, edit and otherwise use the submitted Entries, and

participant’s full name and city and state/province/country of residence, online

and in print or any other media for purposes of editorials, exhibition, advertising,

publicity and promotion of the Knowledge Competition and Sponsor’s

publications and products, without additional compensation or permission,

unless prohibited by law.

Participants shall assign the right to use the entries, in any media for brand,

products, business or any other objective by MVL Consulting Private Limited,

as deemed appropriate by them. Winner shall also assign the right to display the

details of winners on any medium (Online, TV, print etc.) or vehicle of MVLCO.

XI. Privacy

Participants personal details will be kept confidential at all times and in

accordance with the data protection act. MVL Consulting Private Limited will

use participant's personal information supplied when registering for current and

future marketing promotional uses.

XII. Sole right to modify, delete terms

MVLCO reserves the right to modify, add or delete any of the terms and

conditions or participation mechanics of the Knowledge Competition at any

point of time at its sole discretion without serving any prior intimation to the

Participants. Intimation of any change, modification, addition, deletion in the

terms and condition of the Contest will be served to the participation by posting

the revised terms and condition of the Contest on www.mvlco.com.


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XIII. Limitation of Liability

MVLCO is not responsible for Participant not being able understand the Contest

mechanics or for his misinterpretation of the same. No correspondence,

clarification, explanation in this regard will be entertained by MVLCO.

MVLCO shall not be liable for any failure to comply with its obligations caused

by pandemic, epidemic, weather conditions, fire, flood, strike, hurricane,

industrial dispute, war, hostilities, terrorist attack, political unrest, riots, civil

commotion, inevitable accidents, acts of God, government restrictions, legal

restrictions or any other circumstances amounting to Force Majeure.

MVLCO shall not be responsible for any loss or damage if it has to discontinue

or cancel this Knowledge Competition in compliance with any law, ruling, order,

regulation, requirement or instruction of any Central/State Government or for

any other unavoidable reason beyond its control. The Participant/s shall be

informed of such discontinuance/cancellation as soon as possible.

The aggregate liability of MVLCO in case of any damage, loss, cost, claim,

liability or expense (including legal costs and expenses) caused to or incurred by

any act, omission or representation in respect of the Prize of this Knowledge

Competition to any winner, shall not exceed the value of Prize. Further, MVLCO

will not be liable to share the invoice of the gratification unit with the winner at

any time whatsoever.

MVLCO will not be liable for any loss, claim, damage, expenses whether

expressed, implied, real, consequential incurred by the Participant due to

participation in the Contest. Once the Prize is accepted by the winner, MVLCO

will not be responsible for paying any other tax, fee, etc.

XIV. Governing Law and Jurisdiction

All issues and questions concerning the construction, validity, interpretation and

enforceability of these Official Rules, or the rights and obligations of the entrant

and MVL Consulting Private Limited in connection with the Knowledge

Competition, shall be governed by, and construed in accordance with, the laws

as applicable to District Pune, Maharashtra State, India, without giving effect to

its conflicts of law principles

Any disputes with respect to the Knowledge Competition shall be subject to the

sole jurisdiction of courts in Pune, India.

XV. Agreement to Official Rules

By submitting an entry form, each participant fully and unconditionally agrees

to and accepts these Official Rules and the decisions of MVLCO, which are final

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and binding in all matters relating to the Knowledge Competition. Winning a

prize is contingent upon fulfilling all requirements set forth within these Official

Rules. Participants represent that they meet all requirements for eligibility to

participate in the Knowledge Competition. Any participant found to be acting in

violation of these Official Rules may, in MVLCO’s sole discretion, be

disqualified. In the event of a dispute regarding the identity of participant, the

entry will be declared as null and void. Participants shall indemnify the

MVLCO, their respective parent companies, subsidiaries, affiliates, agents,

professional advisors, advertising and promotional agencies, and directors,

officers and employees thereof, representatives, associates and affiliates of any

of them, against any and all claim, losses, costs, damages, liability and expenses

arising out of the participant’s breach of any of these Official Rules.

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Appendix 4 – System Requirements

System requirements to participate in qualifying and pre-final round are as below:

• Latest Version of Google Chrome Browser

• Internet connection Speed at least 1 Mbps or More

• Web-Cam in working condition

• Windows or Android application (Not be able to appear from i-Phone or Mac-

book)

System requirements to participate in final round (panel interview) are as below:

• Webex application or browser which supports Webex meeting

• Internet connection Speed at least 2 Mbps or More

• Web-cam in working condition

• Audio system (microphone and speakers) in working condition

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