Terms of Use

Acceptance of these Terms

By creating an account, accessing, browsing, or otherwise using the Service, you acknowledge that you have read, understood, and agree to be bound by these Terms and by our Privacy Policy, which is incorporated into these Terms by reference. If you are accepting these Terms on behalf of a firm, company, or other entity, you represent that you have the authority to bind that entity, and “you” refers to that entity.

If you do not agree with any part of these Terms, you must not access or use the Service.

Definitions

• “Account” means the registered account through which you access the Service.
• “Service” / “Platform” means the LaziLeo web application, its modules, APIs, documentation, exports, and related services made available by Nirrathna.
• “Module” means a functional area of the Platform (for example, FinStatements; and, when released, TDS, GST and ROC compliance modules).
• “User Content” means any data, files, or information you upload to or generate within the Service, including Trial Balances, mappings, journal adjustments, entity details, and generated statements and notes.
• “Client Data” means User Content that relates to your clients or to third parties whose affairs you process using the Service.
• “Firm Workspace” means a shared workspace in which multiple Users from the same firm collaborate, with roles such as admin, preparer, reviewer, or member.
• “DPDP Act” means the Digital Personal Data Protection Act, 2023 and the rules made under it.

About LaziLeo

LaziLeo is a software-as-a-service (SaaS) statutory compliance platform built for Indian Chartered Accountants, Company Secretaries, Cost Accountants, CA firms, and business owners. The Platform is organised into modules.

The FinStatements module (currently live) helps you convert a Trial Balance into signature-ready financial statements in three formats: Companies (Division I of Schedule III to the Companies Act, 2013), Limited Liability Partnerships (the ICAI LLP format), and Non-Corporate Entities (the ICAI Non-Corporate Entity format), together with applicable Accounting Standards. Features include Trial Balance upload and parsing, auto-mapping to statement heads, a visual ledger-flow audit trail, journal adjustments, generation of the Balance Sheet, Statement of Profit and Loss, Cash Flow Statement, notes, ratios and disclosures, and export to Indian-format Excel and PDF.

Additional modules for TDS, GST returns, and ROC (MCA) compliance are planned and are described on the Platform as “coming soon”. Such features are offered only when released, and these Terms will apply to them on release.

Eligibility & professional capacity

You may use the Service only if all of the following are true:

• You are at least 18 years of age and competent to contract under the Indian Contract Act, 1872.
• You have the legal authority to enter into these Terms (individually or on behalf of your firm/entity).
• You are not barred from receiving the Service under the laws of India or of any jurisdiction from which you access it.

The Service is intended for use by, or under the supervision of, persons qualified to prepare, review, and certify financial statements and statutory filings. Nothing in the Service confers any professional qualification, certification, membership, or authority on you, and the Service is not affiliated with, endorsed by, or certified by the Institute of Chartered Accountants of India (ICAI), the Ministry of Corporate Affairs (MCA), or any other regulator or statutory body.

Accounts, security & firm teams

• You must provide accurate, current, and complete information at signup and keep it up to date.
• You are responsible for maintaining the confidentiality of your login credentials and for all activity that occurs under your Account. Do not share your password or one-time codes with anyone.
• You must notify us promptly at support@lazileo.com of any actual or suspected unauthorised access to or use of your Account. We are not liable for losses caused by your failure to safeguard your credentials.
• Firm Workspaces: if you create or join a Firm Workspace, the firm administrator controls membership, roles, and access to companies and files within that workspace. By inviting a colleague, an administrator confirms it has the authority to grant that person access to the relevant Client Data. Roles and permissions are a convenience and do not, by themselves, allocate professional or legal responsibility among Users.
• One Account per individual. Accounts are personal to you and are not transferable without our prior written consent.

Licence to use the Service

Subject to your continued compliance with these Terms, Nirrathna grants you a limited, non-exclusive, non-transferable, non-sublicensable, revocable licence to access and use the Service for your internal professional or business purposes during the term of your subscription or use.

This licence does not include any right to, and you must not:

• copy, modify, translate, or create derivative works of the Service;
• reverse engineer, decompile, disassemble, or otherwise attempt to derive the source code, except to the extent expressly permitted by applicable law;
• rent, lease, lend, sell, sublicense, white-label, or otherwise make the Service available to any third party except as expressly permitted (for example, within your Firm Workspace);
• remove, obscure, or alter any proprietary notices; or
• use the Service to build a competing product or to benchmark it for a competitor.

Per-entity licence. Where the Service is licensed on a per-entity basis, each paid entity (identified by its CIN or PAN and financial year) is a separate, non-transferable workspace, and the statements, exports, and other outputs generated within it are licensed solely for that entity. You must not reuse a single paid entity to prepare, generate, or export statements for any other company, client, or entity — including by replacing its Trial Balance with another entity's data, or by editing a generated document to substitute a different entity's name or identifiers. Each additional entity requires its own licence and payment. Circumventing, or attempting to circumvent, per-entity licensing is a material breach of these Terms and may lead to suspension or termination of your Account under Suspension & termination, without refund.

Trial Balance update limit. To protect per-entity licensing, each entity permits a maximum of five (5) Trial Balance updates. A Trial Balance upload counts toward this limit when it varies from the entity's previously registered Trial Balance by more than 20%— measured on the entity's set of ledger accounts (chart of accounts) and/or the aggregate movement of ledger balances, as determined by the Service (the first upload always counts as one). Re-uploads within the 20% tolerance — routine corrections and revisions of the same entity's books — do not count toward the limit and remain unlimited. Once the limit is exhausted, the Service will reject further materially different Trial Balances for that entity; a different company's or entity's data must be processed in its own licensed entity. If a genuine engagement requires more than five materially revised Trial Balances for the same entity, contact support with the details and we may, at our discretion, extend the limit for that entity.

Your responsibilities & acceptable use

You agree that you will not, and will not permit anyone using your Account to:

• use the Service for any unlawful, fraudulent, or deceptive purpose, or in violation of any applicable Indian or foreign law, regulation, or professional standard;
• upload, store, or transmit any malicious code, virus, worm, or other harmful component;
• probe, scan, or test the vulnerability of the Service, or breach or circumvent any security or authentication measure;
• attempt to gain unauthorised access to any Account, workspace, server, or system, or to data you are not authorised to access;
• interfere with or disrupt the integrity or performance of the Service, including by imposing an unreasonable or disproportionately large load, scraping, or automated querying;
• upload content that is defamatory, obscene, infringing, or that you do not have the right to upload;
• misrepresent your identity, qualifications, or authority; or
• use the Service in any manner that could damage, disable, overburden, or impair it, or that could harm other Users.

We may, but are not obliged to, monitor use of the Service for compliance with these Terms, and we may investigate and take appropriate action against any suspected violation, including removing content, suspending access, and reporting to the authorities.

Client data & professional responsibility

• You control your inputs. You are solely responsible for the accuracy, completeness, legality, and quality of all User Content and Client Data, including Trial Balances, mappings, journal adjustments, basic details, and any selections you make. The Service processes what you provide; it does not audit, verify, or assure the underlying books of account.
• Outputs are drafts. Statements, notes, ratios, mappings, and other outputs generated by the Service are draft work-papers prepared from your inputs. Your independent professional judgment as a qualified professional is required to review, finalise, sign, and issue or file them. The Service does not replace the sign-off, certification, or attestation of a qualified professional.
• Authority and consent for Client Data. Where you upload Client Data, you represent and warrant that you have the authority to do so and have obtained all consents, authorisations, and engagement terms required from your clients and from any data principals under the DPDP Act and other applicable laws. As between you and Nirrathna, you are the controller of Client Data and Nirrathna acts as a processor on your documented instructions, as further described in the Privacy Policy.
• Statutory compliance remains yours. You remain solely responsible for compliance with the Companies Act, 2013, the Income-tax Act, 1961, the GST laws, ICAI and other professional standards, and all other applicable statutes, including the correctness and timeliness of any filing.

Intellectual property

• Our IP.The Service, including its software, source code, design, user interface, text, graphics, logos, the “LaziLeo” name and mark, and all related intellectual property, is owned by Nirrathna Technologies Private Limited or its licensors and is protected by Indian copyright, trademark, and other intellectual property laws and treaties. All rights not expressly granted to you are reserved.
• Your content. You retain all rights, title, and interest in your User Content and Client Data. You grant us a limited, worldwide, royalty-free licence to host, store, process, transmit, and display your User Content solely to the extent necessary to provide, secure, maintain, and improve the Service for you, and as otherwise described in the Privacy Policy.
• Feedback. If you provide suggestions, ideas, or feedback about the Service, you grant us a perpetual, irrevocable, royalty-free licence to use them without restriction or compensation to you.

Subscriptions, fees & taxes

• Certain features of the Service may be offered free of charge; others may require a paid subscription or per-use fee. The applicable pricing, billing cycle, and plan inclusions will be presented to you before you incur any charge.
• Where paid plans are introduced, fees are payable in advance through secure third-party payment processors. You authorise us and our payment processors to charge the payment method you provide.
• All fees are exclusive of applicable taxes (including GST), which will be added where applicable and are your responsibility.
• Where we charge you for the Service, we issue a GST-compliant tax invoice for that charge to the billing details you provide. Tax invoices are made available to you electronically.
• Except where required by law or expressly stated in a refund policy applicable to your plan, fees are non-refundable. In particular, fees for financial statements or other outputs already generated, and any prepaid credits already consumed, are non-refundable. We may change our prices prospectively on reasonable prior notice; price changes do not affect any period or entity for which you have already paid.
• Prepaid credit bundles.Where the Service offers prepaid credit bundles, each bundle grants a fixed number of entity–financial-year credits valid for a stated period (currently twelve months) from purchase. Unused credits lapse at the end of that period and are non-refundable; credits already consumed, and the statements or exports generated from them, are likewise non-refundable. Only one bundle is active per firm at a time. Where an upgrade to a higher bundle is offered, it is charged as the difference in bundle price, already-consumed credits carry over, and the upgrade does not reset or extend the original bundle's validity period. Ind AS entities are billed separately and are not covered by bundle credits.
• We may suspend or downgrade access for non-payment after giving you notice and a reasonable opportunity to cure.

Beta, free & preview features

From time to time we may offer features identified as beta, preview, early access, or “coming soon”. Such features are provided for evaluation, may be incomplete or unstable, may change or be withdrawn at any time, and are provided “as is” without any warranty or service commitment. Your use of beta features is at your own risk.

Third-party services

The Service relies on third-party infrastructure and tools, including hosting, database, authentication, and email-delivery providers (for example, Supabase, Vercel, and Render). The Service may also let you import data from, or interoperate with, third-party accounting software. Your use of those third-party services is governed by their own terms and privacy policies, and we are not responsible for their acts, omissions, availability, or content. We do not endorse, and are not liable for, any third-party website or service linked from the Service.

Availability, changes & maintenance

• We aim to keep the Service available but do not guarantee uninterrupted or error-free operation. The Service may be unavailable during planned maintenance, updates, or due to events beyond our control.
• We may add, modify, suspend, or discontinue any part of the Service, including any Module or feature, at any time. For material adverse changes to paid features we will give reasonable prior notice where practicable.
• We may set reasonable limits on usage, storage, file sizes, or request rates to protect the Service and other Users.

Disclaimers & no professional advice

THE SERVICE AND ALL OUTPUTS ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS, WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, WHETHER EXPRESS, IMPLIED, OR STATUTORY, INCLUDING ANY IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, ACCURACY, TITLE, AND NON-INFRINGEMENT, TO THE MAXIMUM EXTENT PERMITTED BY LAW.

• We do not warrant that the Service will be uninterrupted, timely, secure, error-free, or free of viruses or other harmful components, or that defects will be corrected.
• Outputs of the Service (statements, notes, ratios, mappings, calculations, and disclosures) are draft work-papers, not audited or certified financial statements, and do not constitute accounting, audit, legal, tax, or other professional advice.
• You must independently verify all outputs before relying on, signing, issuing, or filing them. Any reliance you place on the Service or its outputs is at your own risk.

Limitation of liability

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT WILL NIRRATHNA TECHNOLOGIES PRIVATE LIMITED OR ITS DIRECTORS, OFFICERS, EMPLOYEES, CONTRACTORS, OR LICENSORS BE LIABLE FOR:

• any indirect, incidental, special, consequential, exemplary, or punitive damages; or
• any loss of profits, revenue, goodwill, data, or anticipated savings; or business interruption; or any penalties, interest, or liabilities arising from a filing, statement, or return;
• any errors or omissions in outputs caused by inaccurate, incomplete, or unlawful inputs you provide, or by your failure to review outputs,

whether based in contract, tort (including negligence), strict liability, or otherwise, and even if we have been advised of the possibility of such damages.

OUR TOTAL AGGREGATE LIABILITY FOR ALL CLAIMS ARISING OUT OF OR RELATING TO THESE TERMS OR THE SERVICE WILL NOT EXCEED THE GREATER OF (A) THE TOTAL FEES YOU ACTUALLY PAID TO US FOR THE SERVICE IN THE TWELVE (12) MONTHS IMMEDIATELY PRECEDING THE EVENT GIVING RISE TO THE CLAIM, OR (B) ₹10,000 (RUPEES TEN THOUSAND). Nothing in these Terms excludes or limits liability that cannot be excluded or limited under applicable law.

Indemnification

You agree to indemnify, defend, and hold harmless Nirrathna Technologies Private Limited and its directors, officers, employees, and contractors from and against any claims, demands, liabilities, damages, losses, costs, and expenses (including reasonable legal fees) arising out of or related to:

• your breach of these Terms or the Privacy Policy;
• your use or misuse of the Service;
• your User Content or Client Data, including any claim that it infringes or misappropriates the rights of a third party or was processed without necessary rights or consents;
• your violation of any law or of the rights of any third party; or
• any financial statement, return, certificate, or filing that you prepare, sign, issue, or file using the Service.

Confidentiality

We treat your User Content and Client Data as confidential and will not access, use, or disclose it except to provide and support the Service, to comply with law, or as otherwise permitted by these Terms and the Privacy Policy. Likewise, any non-public information about the Service that we make available to you (including pricing, roadmaps, and unreleased features) is our confidential information, and you agree not to disclose it without our consent.

Suspension & termination

• By you. You may stop using the Service and delete your Account at any time from the Settings screen or by writing to support@lazileo.com.
• By us. We may suspend or terminate your access, in whole or in part, with or without notice, if we reasonably believe that you have breached these Terms or any law, that your use poses a security or legal risk, or that suspension is necessary to protect the Service or other Users. Where practicable and lawful, we will give you notice and an opportunity to cure.
• Effect. On termination, your right to use the Service ends. Sections relating to intellectual property, confidentiality, disclaimers, limitation of liability, indemnification, governing law, and any others that by their nature should survive, will survive termination.

Data export & deletion

While your Account is active you can export your statements and data using the Service's export features. Following termination or deletion, your data will be handled in accordance with the retention schedule in our Privacy Policy, after which it will be deleted or anonymised except where we are required or permitted by law to retain it. You are responsible for exporting and retaining copies of any data you need before deletion.

Force majeure

We will not be liable for any failure or delay in performance caused by events beyond our reasonable control, including acts of God, natural disasters, epidemics or pandemics, war, civil unrest, government action, changes in law, strikes, power or internet failures, or failures of third-party service providers or infrastructure.

Changes to these Terms

We may revise these Terms from time to time. For material changes, we will provide reasonable notice by email to your registered address or by an in-app notice, ordinarily at least seven (7) days before the changes take effect. The “Last updated” date and version number above always reflect the current Terms. Your continued use of the Service after the effective date constitutes your acceptance of the revised Terms. If you do not agree, you must stop using the Service.

Governing law & disputes

• These Terms are governed by and construed in accordance with the laws of India, without regard to conflict-of-laws principles.
• Amicable resolution first. Before commencing any formal proceeding, you agree to contact us at legal@lazileo.com and to attempt in good faith to resolve the dispute for a period of thirty (30) days.
• Arbitration. Any dispute that is not resolved amicably will be referred to and finally resolved by arbitration under the Arbitration and Conciliation Act, 1996, by a sole arbitrator appointed by mutual agreement of the parties. The seat and venue of arbitration will be Bengaluru, Karnataka, and the language will be English.
• Courts. Subject to the arbitration provision, the courts at Bengaluru, Karnataka will have exclusive jurisdiction over any matter arising out of or relating to these Terms.

Grievance redressal

In accordance with the Information Technology Act, 2000 and the rules made under it, and the Consumer Protection (E-Commerce) Rules, 2020, complaints regarding the Service or these Terms may be addressed to our Grievance Officer:

Grievance Officer: Sudheer Lokanadham, Nirrathna Technologies Private Limited
Email: grievance@lazileo.com
Response time: we aim to acknowledge complaints within 48 hours and resolve them within 30 days of receipt.

Notices

We may give notices to you by email to your registered address, by posting within the Service, or by any other reasonable means. You agree that electronic notices satisfy any legal requirement that a notice be in writing. You may give us notice at legal@lazileo.com.

Assignment

You may not assign or transfer these Terms or any of your rights or obligations under them without our prior written consent. We may assign these Terms, in whole or in part, to an affiliate or in connection with a merger, acquisition, reorganisation, or sale of assets, on notice to you. These Terms bind and benefit the parties and their permitted successors and assigns.

Severability, waiver & entire agreement

If any provision of these Terms is held to be invalid or unenforceable, that provision will be limited or severed to the minimum extent necessary, and the remaining provisions will remain in full force and effect. Our failure to enforce any right or provision is not a waiver of that right or provision. These Terms, together with the Privacy Policy and any plan-specific or order terms, constitute the entire agreement between you and Nirrathna regarding the Service and supersede all prior or contemporaneous agreements and understandings.

Contact us

Nirrathna Technologies Private Limited
CIN: U72900KA2022PTC165288
Registered office:1st Floor, 114/1, Unnathi, 5th Cross Road, Krishnarajapuram, Bengaluru, Bengaluru Urban, Karnataka – 560036, India.
General & product support: support@lazileo.com
Legal notices: legal@lazileo.com
Grievances: grievance@lazileo.com

These Terms are provided for general information and do not constitute legal advice. If you require legal advice about these Terms or your obligations, please consult a qualified Indian lawyer.