Doc Summary
Module: CrowdFunding (UTSAV DAAN™)
Document Type: Hybrid — Plain English + Legal Reinforcement
Trademark: UTSAV DAAN™ is a registered trademark of MyMahotsav Futuretech Ltd
Jurisdictions: Global (with India, UK, US, EU, Singapore, South Africa addendums)
Version: 1.0
Effective Date: 25th Feb 2026
PART A: PLAIN ENGLISH SUMMARY #
What Is UTSAV DAAN™? #
UTSAV DAAN™ (उत्सवदान) is MyMahotsav’s crowdfunding platform that brings together “Utsav” (celebration/festival) and “Daan” (giving/donation) . We help individuals, communities, and organizations raise funds for social causes, cultural preservation, temple restoration, and community projects.
The Simple Explanation #
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UTSAV DAAN™ is a platform, not a charity: We provide the technology for campaigns. We don’t collect donations on our own behalf.
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Your donations go to campaigns: When you donate, funds go to the specific Campaign you chose (held securely in escrow).
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Campaigns are created by users: Anyone can start a Campaign, subject to verification.
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We don’t guarantee Campaign success: We verify documents but cannot guarantee the genuineness of every cause—that’s where community validation helps.
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Money is protected: All funds sit in a separate Escrow Account, not mixed with company money.
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Fees are transparent: Platform fees, payment gateway fees, and transfer charges are clearly disclosed.
PART B: LEGAL DEFINITIONS #
1. DEFINITIONS (Capitalized Terms) #
For purposes of these UTSAV DAAN™ Terms and all related policies:
| Term | Definition |
|---|---|
| UTSAV DAAN™ | The crowdfunding platform operated by MyMahotsav Futuretech Ltd, accessible via website, mobile applications, and related services, bearing trademark registration [Insert Number] |
| Campaign | A fundraising initiative created on the Platform by a Fundraiser to solicit Contributions for a stated Cause |
| Fundraiser | The individual or entity who creates, manages, and operates a Campaign on UTSAV DAAN™ |
| Beneficiary | The ultimate recipient of funds raised through a Campaign (may be same as Fundraiser or a third party) |
| Contributor / Donor | Any person or entity that makes a Contribution to a Campaign |
| Contribution / Donation | Funds voluntarily provided by a Contributor to a Campaign, with or without expectation of a Reward |
| Support Group | A group of individuals designated by the Fundraiser who collectively vouch for, support, and assist in managing the Campaign to enhance trust and transparency |
| Reward | A tangible or intangible benefit offered by a Fundraiser to Contributors in acknowledgment of their Contribution (may include merchandise, acknowledgments, experiences, or symbolic tokens) |
| Cause | The stated purpose of a Campaign, which may include social, cultural, religious, charitable, educational, or community objectives |
| Target Amount | The specific fundraising goal set by the Fundraiser, which may be either: (a) Fixed Target: Funds must reach the Target to be released; OR (b) Flexible Target: Funds are released regardless of whether Target is achieved |
| Campaign Duration | The time period during which a Campaign accepts Contributions, with a specified Start Date and End Date |
| Escrow Account | A segregated bank account maintained by MyMahotsav Futuretech Ltd, separate from operating funds, holding all Contributions pending release to Beneficiaries |
| Platform Fee | The fee charged by MyMahotsav for use of UTSAV DAAN™ services, calculated as a percentage of total Contributions or fixed amount as disclosed on the Platform |
| Payment Processing Fee | Fees charged by third-party payment gateways, banks, and financial institutions to process Contributions |
| Transfer Fee | Fees associated with transferring funds internationally, including currency conversion charges, wire fees, and intermediary bank charges |
| Net Proceeds | The amount available for disbursement to the Beneficiary after deducting Platform Fees, Payment Processing Fees, Transfer Fees, and any applicable taxes from total Contributions |
| Campaign Failure | A Campaign that closes without reaching its Target Amount (if Fixed Target) or without disbursing funds due to fraud, misrepresentation, or violation of Terms |
| Material Change | Any significant alteration to a Campaign’s purpose, Beneficiary, fund utilization plan, or other material terms after Contributions have been received |
| Collaborative Validation | The process by which the UTSAV DAAN™ community reviews Campaign documentation, provides feedback, and flags concerns to assist in assessing Campaign legitimacy |
| Cooling-Off Period | The time during which Contributors may withdraw a Contribution without penalty, as specified in the Refund Policy |
| Disbursement | The transfer of Net Proceeds from the Escrow Account to the Beneficiary’s designated bank account |
| Force Majeure | Events beyond reasonable control including natural disasters, acts of God, war, terrorism, regulatory changes, banking system failures, or pandemics |
| KYC/AML | Know Your Customer and Anti-Money Laundering verification procedures required by applicable laws |
2. INTERPRETATION RULES #
2.1 Words importing the singular shall include the plural and vice versa.
2.2 References to “including” mean “including without limitation.”
2.3 Headings are for convenience only and do not affect interpretation.
2.4 In case of conflict between these Definitions and any other UTSAV DAAN™ policy, these Definitions control for interpretation purposes.
PART C: JURISDICTION-SPECIFIC DEFINITIONS ADDENDUMS #
INDIA ADDENDUM #
| Term | Additional Definitional Context |
|---|---|
| Charitable Purpose | As defined under Section 2(15) of the Income Tax Act, 1961, including relief of poor, education, medical relief, preservation of monuments, and advancement of any other object of general public utility |
| Foreign Contribution | As defined under Foreign Contribution (Regulation) Act, 2010 (FCRA), requiring specific registration for receipt of funds from foreign sources |
| NGO | A non-governmental organization registered as a Society under Societies Registration Act, 1860; or Trust under Indian Trusts Act, 1882; or Section 8 Company under Companies Act, 2013 |
| Temple | A religious institution as may be governed by respective State Hindu Religious and Charitable Endowments Acts or similar legislation |
UK ADDENDUM #
| Term | Additional Definitional Context |
|---|---|
| Charity | An institution established for charitable purposes and subject to the jurisdiction of the Charity Commission for England and Wales |
| Financial Promotion | As defined under Section 21 of the Financial Services and Markets Act 2000 (FSMA) |
US ADDENDUM #
| Term | Additional Definitional Context |
|---|---|
| Charitable Organization | As defined under Section 501(c)(3) of the Internal Revenue Code (for tax-exempt organizations) |
| Charitable Solicitation | Subject to state-level registration requirements in approximately 40 states |
EU ADDENDUM #
| Term | Additional Definitional Context |
|---|---|
| GDPR | General Data Protection Regulation (EU) 2016/679 governing processing of personal data |
| Consumer | A natural person acting for purposes outside their trade, business, craft, or profession |
PART D: ENTERPRISE INTERNAL MANUAL #
For UTSAV DAAN™ Operations Team #
A. Term Usage Guidelines #
| Internal Term | Preferred Usage | Avoid |
|---|---|---|
| UTSAV DAAN™ | Always with trademark symbol in first instance, then UTSAV DAAN | Misspelling as Utsav Daan |
| Campaign | For active fundraisers | “Project” (conflicts with other modules) |
| Contribution | Legal/formal documents | “Donation” in casual contexts (acceptable) |
| Fundraiser | The person/entity running Campaign | “Organizer” (conflicts with Events module) |
Responses