http://www.consumercourtforum.in/ en Tue, 07 Sep 2010 06:54:27 GMT vBulletin 60 http://www.consumercourtforum.in/images/vbseo_skin_2.0/misc/rss.jpg http://www.consumercourtforum.in/ http://www.consumercourtforum.in/f35/india-advantage-securities-ltd-22738/ Sat, 04 Sep 2010 10:34:21 GMT this broker is not paying my brokerage and other dues. this broker is not paying my brokerage and other dues. ]]> Stock Market Unregistered http://www.consumercourtforum.in/f35/india-advantage-securities-ltd-22738/ http://www.consumercourtforum.in/f35/cheated-india-infoline-22691/ Sat, 04 Sep 2010 00:53:09 GMT Dear Sir, I opened my account with India Infoline in Dec. 09. I had told my agent at the out set that I did not know about the ABC of... Dear Sir,
I opened my account with India Infoline in Dec. 09. I had told my agent at the out set that I did not know about the ABC of the share trading and all my shares I had kept for last 15 – 16 years and did not trade in them for fear of not knowing enough about the ways and means of trading the representative assured me that I would earn minimum of 25% every year and that he could give in writing to me. Trusting him and the Big name of India Infoline I joined them. My agent (Mr. Maninder Singh, Senior relationship manager) closed my client ID no. 107537 with Master Capital and later on my fathers Client ID no. 10575 with Master Captial Servises, at Barakhamba road. At the time of joining he made me sign on so many papers and slips which as per him were required for the account opening formalities. I asked him to give me a copy of all the documents signed by me and he would always say they would be sent a set to me but I never received any. And soon after joining when he would do the intraday tradings. I asked my agent to play only in safe scripts he assured me that he would be playing safe and I need not worry about it. I felt it was safe. I was never informed that trading done could be above 5 or 7 times of the value of the shares and that he would be putting all my shares at such a high risk of trading. He would do trading in my account. Though for some shares he would inform me but he would trade for many with out informing me. I was never advised on the value of transactions or the profits or losses I was incurring. On my asking him several times during the period of Jan and July 2010 my agent would tell me that the value of my shares was between 2 to 2.5 Lakhs and I would ask him to send me a statement and he would tell me that he would arrange to send, but he never sent any. My agent had assured me at the time of joining them that I would be sent a trading account information giving complete information of the trading done and the account statements every 15 days but I did not receive the accounts statements giving me information about the value of my account. I never got any information on how much risk he was taking or the value of the shares he was trading in. I never had any clue that he would be risking my entire lot of shares in his daily trading. I was always under the impression that value of my account was between 2.00 to 2.5 Lakhs. But after around February he stopped trading in my account and after some inquiry I found out that his father had expired and he had gone to his native home. And after few weeks he joined office and I called him to know about my account status as the share market had begun to rise during that period he assured me that he would start trading in my account but nothing happened he did not trade in my account I kept patience for some
time thinking that he was taking some time to recover from grave loss of losing his father. But when quite some time elapsed I called him again and he assured me that he will start trading again. But again nothing happened meanwhile markets were rising and no trading was happening in my account and I would call my agent again and every time he would give some excuse that he was out of station and he shall start trading very soon. On 5th May 2010 he called me and said that he was sending me a ledger document thru e-mail and that I had to take a print out, sign on it and return to him after scanning the same. I agreed and then he sent me a mail but the attachment did not open. I called him and he said since the file was in a software that was in his office so he will send me a image of the last page of the document I received the document it showed a some figures (copy attached) of which I could not make any sense and asked him for a clarification to which he replied, pls. sign the documents as it was merely a formality.
In the month of July when I called him again and enquired the reason for not trading in my account he said that my position was a little tied up and that things were now clearing and he would start trading again. Fearing something a miss I asked him about my account balance and he said value of my shares was around 1.20 to 1.30 Lakhs. Though feeling bad about the value and status of my account and thinking that perhaps due to the losses my agent was not trading in my account. I asked him to start trading so that we may cover for the losses we incurred.
Around 3rd or 4th week of July my agent called me and said that he was booking Nifty for August in my account. I thought finally he was again going to start trading in my account but he never called again or nothing happened there after.

Out of frustration I called him on 9th August and told him I wanted to close my account with India Infoline, with out taking a second he said ok and he will do the paper formalities the next day. I was shocked at this behavior of him and felt very miserable at being treated like this.
Next day i.e on 10th August I wrote a mail to him on the subject and expressed my desire to have detailed account statement of all the transactions done against my account till date, and the opening balance and the current balance of my stocks. To misled me again he sent me a statement for the account of my father. and that too for a period for 01/04/2010 to 30/06/2010. but nothing before that and after that.

I asked him to give me information on the stocks available under my father’s portfolio and their current value. But he never responded to this mail. I sent him a reminder on 11th but he responded to the second part of my mail but did not say anything on status of his stocks. There after I called him on his cell but he did not take my first call and did not pick my two calls later on. I wrote to him again to respond to my mails and next day he wrote to me that he was on leave the previous day (inspite of sending me a mail) and that he would send me the account statement I waited all day long nothing happened and then in the evening he called me informing that he has sent me the statement but and I told him at that instant that I had not received any as I was on the computer he replied that he had just sent it so I will receive it shortly but it did not come and I called him again he said it will reach me shortly but the mail never arrived. Finally I just could not bear this any more and discussed the problem with my friend who suggested me to call up their customer care department to know more about the situation and to complaint about him not taking interest in my account and his behaviour for not caring a bit about his customer. I called their customer care help line on 11th August at 2.00 pm and to my deep horror and disbelief the lady in the customer care told me that there was no balance in my account and that rather I owed India Infoline a sum of Rs. 164.00. That was the deepest shock of my life. She took my complaint and promised to forward it to the Investigation department. After that I received two calls from India infoline on 12th and 13th August. The 13th August call was from one Mr. Amardeep who introduced himself to me as Maninder’s friend to which I refused to speak with him but then he corrected himself and said that he was his senior and that he had to report to the Bombay office as they wanted to know from him about the situation. I told him the entire episode. But then every thing was quite from India Infoline’s side.
I called Maninder on his mobile and asked what had happened to my account and why it showed a negative balance when just one month back he confirmed that there was a balance of Rs. 1,20,000 in my account, he said he had converted my shares in to options and it resulted in losses but did not tell me on the amount of losses and telling me that he will tell me the amount once he reaches on his desk but after that neither he called nor did he pick up any of my several calls to him. I even asked my friend Mr. Dalbir Rawat to call him and raise my concern. He even did not pick up his calls. I was waiting for the investigation team of India Infoline to tell me something about how and what went wrong with me account. But instead, I got next big shock, on 18th August when I received a account ledger of my father’s account in my mail. It showed the credit balance of Rs. 193.92. He had done only one trading in his account and we never expected it to be zero in value, and It was such a deep shocking, and horrible experience of my life. I felt utterly cheated by these unscrupulous people and company. How meticulously they planned to reduce our balances to the last hundred rupees with out we knowing the actual status. I called Maninder on his phone several times again but he just did not pick any call utterly frustrated and infuriated I sent him a SMS on his mobile but he did not reply to it either.

Finally my friend Mr. Dalbir Rawat he managed to contact him on the landline of his office and on questioning and telling him that I was going to register a case against him, he said he had made mistakes and that he was ready for a compromise solution and was ready for reimbursement of money to me. On asking how in the world my father’s account was zero when there was only single trading done on his account he said that he had transferred his shares in to my account and traded in them too. It was truly amazing how neither me or my father was informed of this kind of trading being done on our accounts and not satisfied by making my account zero these people went on to make my father's account also zero, with out ever trading in his account. This is absolute cheating and fraud and it is very clear that by hook or crook they wanted to rip off both our accounts up to the last hundred rupee, other wise the account value should have been either negative or positive by few thousand or hundreds of rupees. Now I really don’t know if the way he has transferred shares from my father’s account to my account and traded he could have easily transferred mine or my father’s shares in to any body else’s account too with out ever asking us or we coming to know about it. How a company can handle its customer’s accounts with so much of incompetence.

one of his seniors who had earlier called me Mr. Amardeep called me and my friend Mr. Dalbir Rawat again and wanted us to reach a compromise at on a lesser amount with Maninder. He was acting like a agent broking the deal I asked them to reimburse my and my father's trade accounts as per their original value to which they did not agree. and wanted to settle at a lesser amount. At that time i felt that when the unscrupulous Junior and Senior are in complete collaboration and the company so careless about its clients portfolio's the clients will always get cheated just like me and my Father. For last 10 to 12 day I have been waiting to get any response from the company after lodging my complaint with customer care department but all they say is they are investigating.

I really don’t know how to break this news to my father who is old and has heart problems as he will get too stressed and it was me who forced him to open the account with India Infoline as he was not ready to. I am myself going thru soo much of stress and anxiety about the loosing our shares of hard earned money to these unscrupulous people..

After seeing the attitude of the people and the company I am hundred percent sure that I have been manipulated and me and my father have been cheated. I want to get back my original shares and close the account with this company for ever. And company should be made accountable for all the mental stress it has put us in to.

Thank You,
Devender Negi.
(9873674757) ]]> Stock Market devender1 http://www.consumercourtforum.in/f35/cheated-india-infoline-22691/ http://www.consumercourtforum.in/f35/religare-securities-ltd-product-rally-trading-id-mk8103-22471/ Thu, 02 Sep 2010 08:50:23 GMT List of addressees:- 1) Securities Exchange Board Of India Mr. Narendra Rawat narendrar@sebi.gov.in 2) Securities Exchange Board Of India... List of addressees:-
1) Securities Exchange Board Of India
Mr. Narendra Rawat
narendrar@sebi.gov.in

2) Securities Exchange Board Of India
Northern Regional Office, Delhi
sebinro@sebi.gov.in

3) Consumer Court of India, Delhi

4) Religare Customer Care Unit
Email id- wecare@religareonline.com

5) The Managing Director
Religare Enterprises Ltd.
Regd. Off. D-3 District Centre
Saket, New Delhi 110017

6) The Managing Director
Religare Securities Ltd.
A-3/4/5 GYS Global
Sec 125, Noida , 201301

7) Hon’ble Finance Minister of India
Email id- fm@finance.nic.in

8) Hon’ble Prime Minister of India
Room No.-148 B,
South Block, New Delhi-110001

9) Delhi Commissioner of Police
Email id- ys.dadwal@nic.in
Email id- delpol@vsnl.com


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Sir / mam,
Date : 28-08-2010
Subject: Complaint regarding financial cheating misrepresentation and fraud committed by Mr. Niranjan Kumar Nishant ( Dealer) ( Emp. ID- 42686), Mr. Vivek Kumar Singh ( Branch Manager) ( Emp. ID- 38870) and their team while working for and on behalf of the company M/s Religare Securities Limited at Gurgaon Branch Office SCO382, SEC-29, Gurgaon-122002 ; with its Regd. Office at - A-3/4/5 GYS GLOBAL, SECTOR 125, NOIDA 201301 against the Applicant Mohinder Kumar Rohilla, son of Shri Mam Chand Rohilla, R/o 118 Paschim Vihar Extension, New Delhi 110063.
Dear sir/ mam,
I Mohinder Kumar Rohilla, son of Shri Mam Chand Rohilla resident of 118 Paschim Vihar Ext. New Delhi – 63, opened my account with following details in Religare Securities Ltd. at Gurgaon Branch Office in Aug 2010. My details are:
Client Id no. 16477301 , Product - Rally
Trading user Id. No. - MK8103,
CRN no. – 1000984549.
On 26-8-2010 Mr. Niranjan Kumar Nishant (R.M.) and Mr. Vivek Kumar Singh (B.M.) and their team, of Gurgaon Branch did certain transactions in my absence without orders to benefit themselves for commission and their company Religare Securities Ltd. for brokerage.
Points by point, facts of the case have been enumerated in the following paragraphs, for your kind consideration and necessary action against the erring persons.
1) That on the first transaction day itself i.e. 26-8-2010 with Religare Securities Ltd. I have been cheated/deceived with an amount of Rs. 4, 12,709 approx. through the Branch Manager Mr. Vivek Kumar Singh, R.M. Mr Niranjan Kumar Nishant and their team.
2)That being a very small investor, I invested my hard earned money of Rs.1 lac with Religare Securities Limited on 25-08-2010, with its Gurgaon Branch with Trading A/C No. MK8103 with my clear instructions to my R.M. Mr. Niranjan and B.M. Mr. Vivek Kumar Singh to only guide me in my dealings in shares and stocks only.
3) That on 27-08-2010, I received a telephonic call on my mobile phone 9818729544 from Mr. Niranjan Kumar Nishant through Religares’ Gurgaon Branch Manager Mr. Vivek Kumar Singh’s mobile no.
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9650214455. I have been told by Mr. Niranjan Kumar Nishant that the Religare Team had executed some transactions on 26-08-2010. Due to these transactions STT (Securities Transaction Tax) has been levied on these transactions amounting a total Rs. 412708 approx. which has been debited in your account No.MK8103 for which you are liable to pay.
4) That after this conversation with Mr. Niranjan and B.M. Mr. Vivek Kumar Singh, I and my family suffered mental trauma. I failed to understand as to how these transactions took place without my orders, in my absence? How can there be a huge tax amounting to approx. Rs.4, 12,708 be levied on a capital base of Rs.1 lac?
5) That on checking my account details through email id ; I found that without my orders, in my absence the R.M. Mr. Niranjan Kumar Nishant and his Branch Manager (Mr. Vivek Kumar. Singh) had drawn a huge margin money to the extent of Rs. 1 crore 50 lacs approx. from the company ( Religare Securities Ltd.) which is approximately 150 times more than my capital base of Rs. 1 lac. They used this margin amount without my orders in my absence for unauthorized transactions.
6) That since I have no previous history of working with the company Religare securities Limited, and being the very first transaction day i.e. 26-08-2010 how can the company sanction a limit of 150 times more on a capital base of Rs. 1 lac to any R.M or B.M. without my specific prior orders /approval?
7) That I am shocked to learn that in clients’ absence and without client’s specific orders, Religare Securities ltd. has authorized its R.Ms. and B.Ms to sanction and use such high margin amounts on behalf of the client.
8) That being the client of the company, I want to know whether there exists any system in Religare Securities Limited for conducting business transactions? I further want to know whether the same system of transacting business has been followed in my case also?
9) That as per the statement provided by Religare in my email id , I found that in my absence and without my specific orders the R.M.Mr Niranjan Kumar Nishant and the B.M. Mr. Vivek Kumar Singh, have done a business of approx Rs. 50 crore both debits and credits in a single day in my account, which is approximately 5000 times of my capital base of Rs.1 lac . This is not possible without drawing the huge margin limits from the company i.e. 150 times more than my capital base of Rs. 1 lac which is beyond my credit limit and capacity to deal and repay.
10) That after knowing the Gross Transaction amount/volume and size, I and my family suffered mental trauma, stress and tension, as the drawn margin amount and the transaction values are far beyond my capacity to deal / repay. In case loss would have occurred in my account, then who should have been held responsible for such deception, The R.M., the B.M. or M/S Religare Securities Ltd.?
11) That since , all transactions done by the company officers mentioned above Mr. Niranjan and Mr. Vivek Singh, are in my absence and without my specific orders, therefore these have not been done
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for me and on my behalf. These have been done by them (Mr. Niranjan, Mr. Vivek and their religare team) in their personal capacities for which they and their company should be responsible.
12) Is there any security system that exists in the company for protecting and safeguarding client’s interest while transacting business? If so, has that Security System been followed in my case also?
13) That since I am naive and have no knowledge of nifty, future options, calls, puts, I specifically told my R.M. Mr. Niranjan and B.M. Mr. Vivek not to trade in these segments. But still in contravention to my orders, the R.M. and the B.M. Traded in these segments to my surprise.
14) That since these transactions have been performed in my absence without my orders, I want to know who all are involved in performing these transactions using my Name, Client ID, Security Password? Please give me a detailed call summary, of every phone call received by the order booking staff, the names of the callers, their addresses, their phone numbers, the security password used by them at the time of placing the orders and the ID Proofs of the respective callers.
15) Please also provide me the details of the persons who received the calls in question and booked these orders, what all checks and precautions were taken by the Company’s order booking staff to establish the authenticity and Identity of the caller and genuinity of the transaction ?
16) That I received my Welcome Kit on 27.08.2010 evening sent by Religare Securities ltd, through courier. I fail to understand, how the transactions in question, have been done in my absence and without my specific orders in my account MK8103 by R.M. and B.M. of the company without confirming my Security Password and other required precautions? If it is so what is the significance of this security password issued by the company to the client? Is this the kind of security Relegate provides to its clients? I apprehend, the Whole Gurgaon Branch is involved in these transactions.
17) That on 27.08.2010 late evening, The Branch Manager Mr. Vivek Kr Singh along with his team of five members (Mr. Niranjan Kumar Nishant R.M., Mr. Gyanendra Singh R.M., Mr. Sandeep Kumar R.M., and Mr. Narender Yadav R.M.)Of Gurgaon Branch, visited my residence- House No.118 Paschim Vihar Extension, New Delhi-110063 to collect the debit amount standing in my account by applying undue pressure. Even after a lot of requests none of them, explained the transactions and their consequential effects. Their only concern was to collect the debit amount.
18) That on nonpayment of the debit amount , they ( The B.M. along with his four team members) threatened me and my family to be ready to face the financial and legal consequences. He stated that Religare has many big and experienced advocates who daily tackle such situations and you (client) will stand to lose. In case you don’t pay the demanded amount you will be penalized with interest and other charges.
19) That during discussions, the B.M. Mr. Vivek Kumar Singh stated that he has many clients in his branch and has no time for very small investors / clients. I am pained to say that, Religare Securities
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Ltd. discriminate its clients on the basis of their size and the small investors are left at the mercy of their respective R.Ms.
20) That In order to earn maximum brokerage whether it is the Company’s Policy or is it that the Branch Manager forces his team members to do maximum transactions with very high volumes by using high margin money? In my case also in my absence and without my specific orders , the same high volume business with high value transactions using approx. margin of 150 times more than my capital base of Rs. 1 lac has been done, without regard to my Financial Position and their implications. What was the necessity and justification for these high volume and value transactions?
21) I request the concerned authorities to help provide me the amount of brokerage charged by the company on transactions in question and the commission earned by the various concerned officials / employees from the above stated transactions.
22) Since the transactions in question have been done in my absence without my orders I am not responsible and liable for the transactions performed by Religare’s Gurgaon Branch.
23) As this has been done with me on the very first transaction day i.e. 26.08.2010, I am concerned what all is being done with other clients?
24) Due to transactions done during the day by Gurgaon Branch Manager – Mr. Vivek Kr. Singh and Mr. Niranjan Kr. Nishant (R.M.) along with their team , I and my family suffered financial losses, physical and mental tortures.
25) I pray the concerned Authorities to declare all the above mentioned transactions in question, as illegal and fraudulent. And get me back my hard earned money invested with the company amounting to Rs.1 lac.
26) I also pray the concerned authorities to grant me and my family with sufficient liquidated damages for the financial losses and also the physical and mental tortures suffered due to their wrong and fraudulent doings.
27) I also pray the concerned authorities to take appropriate legal actions against all the erring employees/ persons involved, in committing fraud, cheating and misrepresentation.

Mohinder Kumar Rohilla
118 paschim vihar extn.
New delhi- 63
09818729544 / 011-25213173 ]]> Stock Market mohinder kumar http://www.consumercourtforum.in/f35/religare-securities-ltd-product-rally-trading-id-mk8103-22471/ http://www.consumercourtforum.in/f35/jrg-securities-22311/ Wed, 01 Sep 2010 06:20:07 GMT JRG Securities cheated me. They asked me to open account with 25k and they said they will be doing trading in Currency. Maximum loss which will... JRG Securities cheated me. They asked me to open account with 25k and they said they will be doing trading in Currency.
Maximum loss which will happen in month will not increase more than 2k and profit will vary from 2-5k. So I opened the account with 25k.
I never received the call from their Relationship manager for whatever transaction they did. And after one month their Relationship manager called up and said that amount has came down to 15k. I was shocked by this behavior of them. And that Relationship manager ask me to wait for one more month and he will make it 25 k again. He took the responsibility on him. Even he said that if he is not able to make it 25k by trading then he will pay by his pocket.
Now when I called after one more month, JRG securities representative told that my Relationship manager is on leave of marriage and will return in 15 days. And this went till one more month. After that JRG securities representative told that my Relationship manager has resigned. So now JRG cannot do anything about my loss. ]]> Stock Market chanchalk http://www.consumercourtforum.in/f35/jrg-securities-22311/ http://www.consumercourtforum.in/f35/reliance-mutual-fund-22237/ Tue, 31 Aug 2010 12:58:54 GMT Dear sir, This is Jayamanikandan. I had invested 15000 rs on reliance diversified power sector fund on 25/08/2008. My cheque 15000/- towards... Dear sir,

This is Jayamanikandan. I had invested 15000 rs on reliance diversified power sector fund on 25/08/2008. My cheque 15000/- towards cheque payment of reliance on 28/08/08. Cheque no:164856 debited from my account on 28/08/2008. But till now date no units purchased. While complainting in Reliance Customer service no: 180030011111 They didn't solve this issue more than one month. And they not ready to pay me compensation for my 15000 amount till date. My complaint no to Reliance customer care which is not solved more than one month is :10574667(15/07/2010).

Kindly do the needfull to solve this issue as early as possible.
Thank you,
Yours faithfully,
Gn.Jayamanikandan(9677289444) ]]> Stock Market jayamangai http://www.consumercourtforum.in/f35/reliance-mutual-fund-22237/ http://www.consumercourtforum.in/f35/shareindia-com-21838/ Mon, 30 Aug 2010 03:34:53 GMT mr. manoj gupta deler he have cheat with me against share dealing branch modeltoun trading account no is hw 16 mr. manoj gupta deler he have cheat with me against share dealing branch modeltoun trading account no is hw 16 ]]> Stock Market g_nirjhar@yahoo.com http://www.consumercourtforum.in/f35/shareindia-com-21838/ http://www.consumercourtforum.in/f35/religare-securities-ltd-product-rally-trading-id-mk8103-21788/ Sun, 29 Aug 2010 16:02:53 GMT Sir/ mam, Date : 28-08-2010 Subject: Complaint regarding financial cheating misrepresentation and fraud committed by Mr. Niranjan Kumar... Sir/ mam,

Date : 28-08-2010

Subject: Complaint regarding financial cheating misrepresentation and fraud committed by Mr. Niranjan Kumar Nishant ( Dealer) ( Emp. ID- 42686), Mr. Vivek Kumar Singh ( Branch Manager) ( Emp. ID- 38870) and their team while working for and on behalf of the company M/s Religare Securities Limited at Gurgaon Branch Office SCO382, SEC-29, Gurgaon-122002 ; with its Regd. Office at - A-3/4/5 GYS GLOBAL, SECTOR 125, NOIDA 201301 against the Applicant Mohinder Kumar Rohilla, son of Shri Mam Chand Rohilla, R/o 118 Paschim Vihar Extension, New Delhi 110063.

I Mohinder Kumar Rohilla, son of Shri Mam Chand Rohilla resident of 118 Paschim Vihar Ext. New Delhi – 63, opened my account with following details in Religare Securities Ltd. at Gurgaon Branch Office in Aug 2010. My details are:
Client Id no. 16477301 , Product - Rally
Trading user Id. No. - MK8103,
CRN no. – 1000984549.

On 26-8-2010 Mr. Niranjan Kumar Nishant (R.M.) and Mr. Vivek Kumar Singh (B.M.) and their team, of Gurgaon Branch did certain transactions in my absence without orders to benefit themselves for commission and their company Religare Securities Ltd. for brokerage.

Points by point, facts of the case have been enumerated in the following paragraphs, for your kind consideration and necessary action against the erring persons.

1) That on the first transaction day itself i.e. 26-8-2010 with Religare Securities Ltd. I have been cheated/deceived with an amount of Rs. 4, 12,709 approx. through the Branch Manager Mr. Vivek Kumar Singh, R.M. Mr Niranjan Kumar Nishant and their team.

2)That being a very small investor, I invested my hard earned money of Rs.1 lac with Religare Securities Limited on 25-08-2010, with its Gurgaon Branch with Trading A/C No. MK8103 with my clear instructions to my R.M. Mr. Niranjan and B.M. Mr. Vivek Kumar Singh to only guide me in my dealings in shares and stocks only.

3) That on 27-08-2010, I received a telephonic call on my mobile phone 9818729544 from Mr. Niranjan Kumar Nishant through Religares’ Gurgaon Branch Manager Mr. Vivek Kumar Singh’s mobile no.
9650214455. I have been told by Mr. Niranjan Kumar Nishant that the Religare Team had executed some transactions on 26-08-2010. Due to these transactions STT (Securities Transaction Tax) has been levied on these transactions amounting a total Rs. 412708 approx. which has been debited in your account No.MK8103 for which you are liable to pay.

4) That after this conversation with Mr. Niranjan and B.M. Mr. Vivek Kumar Singh, I and my family suffered mental trauma. I failed to understand as to how these transactions took place without my orders, in my absence? How can there be a huge tax amounting to approx. Rs.4, 12,708 be levied on a capital base of Rs.1 lac?

5) That on checking my account details through email id ; I found that without my orders, in my absence the R.M. Mr. Niranjan Kumar Nishant and his Branch Manager (Mr. Vivek Kumar. Singh) had drawn a huge margin money to the extent of Rs. 1 crore 50 lacs approx. from the company ( Religare Securities Ltd.) which is approximately 150 times more than my capital base of Rs. 1 lac. They used this margin amount without my orders in my absence for unauthorized transactions.

6) That since I have no previous history of working with the company Religare securities Limited, and being the very first transaction day i.e. 26-08-2010 how can the company sanction a limit of 150 times more on a capital base of Rs. 1 lac to any R.M or B.M. without my specific prior orders /approval?

7) That I am shocked to learn that in clients’ absence and without client’s specific orders, Religare Securities ltd. has authorized its R.Ms. and B.Ms to sanction and use such high margin amounts on behalf of the client.

8) That being the client of the company, I want to know whether there exists any system in Religare Securities Limited for conducting business transactions? I further want to know whether the same system of transacting business has been followed in my case also?

9) That as per the statement provided by Religare in my email id , I found that in my absence and without my specific orders the R.M.Mr Niranjan Kumar Nishant and the B.M. Mr. Vivek Kumar Singh, have done a business of approx Rs. 50 crore both debits and credits in a single day in my account, which is approximately 5000 times of my capital base of Rs.1 lac . This is not possible without drawing the huge margin limits from the company i.e. 150 times more than my capital base of Rs. 1 lac which is beyond my credit limit and capacity to deal and repay.

10) That after knowing the Gross Transaction amount/volume and size, I and my family suffered mental trauma, stress and tension, as the drawn margin amount and the transaction values are far beyond my capacity to deal / repay. In case loss would have occurred in my account, then who should have been held responsible for such deception, The R.M., the B.M. or M/S Religare Securities Ltd.?

11) That since , all transactions done by the company officers mentioned above Mr. Niranjan and Mr. Vivek Singh, are in my absence and without my specific orders, therefore these have not been done
for me and on my behalf. These have been done by them (Mr. Niranjan, Mr. Vivek and their religare team) in their personal capacities for which they and their company should be responsible.

12) Is there any security system that exists in the company for protecting and safeguarding client’s interest while transacting business? If so, has that Security System been followed in my case also?

13) That since I am naive and have no knowledge of nifty, future options, calls, puts, I specifically told my R.M. Mr. Niranjan and B.M. Mr. Vivek not to trade in these segments. But still in contravention to my orders, the R.M. and the B.M. Traded in these segments to my surprise.

14) That since these transactions have been performed in my absence without my orders, I want to know who all are involved in performing these transactions using my Name, Client ID, Security Password? Please give me a detailed call summary, of every phone call received by the order booking staff, the names of the callers, their addresses, their phone numbers, the security password used by them at the time of placing the orders and the ID Proofs of the respective callers.

15) Please also provide me the details of the persons who received the calls in question and booked these orders, what all checks and precautions were taken by the Company’s order booking staff to establish the authenticity and Identity of the caller and genuinity of the transaction ?

16) That I received my Welcome Kit on 27.08.2010 evening sent by Religare Securities ltd, through courier. I fail to understand, how the transactions in question, have been done in my absence and without my specific orders in my account MK8103 by R.M. and B.M. of the company without confirming my Security Password and other required precautions? If it is so what is the significance of this security password issued by the company to the client? Is this the kind of security Relegate provides to its clients? I apprehend, the Whole Gurgaon Branch is involved in these transactions.

17) That on 27.08.2010 late evening, The Branch Manager Mr. Vivek Kr Singh along with his team of five members (Mr. Niranjan Kumar Nishant R.M., Mr. Gyanendra Singh R.M., Mr. Sandeep Kumar R.M., and Mr. Narender Yadav R.M.)Of Gurgaon Branch, visited my residence- House No.118 Paschim Vihar Extension, New Delhi-110063 to collect the debit amount standing in my account by applying undue pressure. Even after a lot of requests none of them, explained the transactions and their consequential effects. Their only concern was to collect the debit amount.

18) That on nonpayment of the debit amount , they ( The B.M. along with his four team members) threatened me and my family to be ready to face the financial and legal consequences. He stated that Religare has many big and experienced advocates who daily tackle such situations and you (client) will stand to lose. In case you don’t pay the demanded amount you will be penalized with interest and other charges.

19) That during discussions, the B.M. Mr. Vivek Kumar Singh stated that he has many clients in his branch and has no time for very small investors / clients. I am pained to say that, Religare Securities
Ltd. discriminate its clients on the basis of their size and the small investors are left at the mercy of their respective R.Ms.

20) That In order to earn maximum brokerage whether it is the Company’s Policy or is it that the Branch Manager forces his team members to do maximum transactions with very high volumes by using high margin money? In my case also in my absence and without my specific orders , the same high volume business with high value transactions using approx. margin of 150 times more than my capital base of Rs. 1 lac has been done, without regard to my Financial Position and their implications. What was the necessity and justification for these high volume and value transactions?

21) I request the concerned authorities to help provide me the amount of brokerage charged by the company on transactions in question and the commission earned by the various concerned officials / employees from the above stated transactions.

22) Since the transactions in question have been done in my absence without my orders I am not responsible and liable for the transactions performed by Religare’s Gurgaon Branch.

23) As this has been done with me on the very first transaction day i.e. 26.08.2010, I am concerned what all is being done with other clients?

24) Due to transactions done during the day by Gurgaon Branch Manager – Mr. Vivek Kr. Singh and Mr. Niranjan Kr. Nishant (R.M.) along with their team , I and my family suffered financial losses, physical and mental tortures.

25) I pray the concerned Authorities to declare all the above mentioned transactions in question, as illegal and fraudulent. And get me back my hard earned money invested with the company amounting to Rs.1 lac.

26) I also pray the concerned authorities to grant me and my family with sufficient liquidated damages for the financial losses and also the physical and mental tortures suffered due to their wrong and fraudulent doings.

27) I also pray the concerned authorities to take appropriate legal actions against all the erring employees/ persons involved, in committing fraud, cheating and misrepresentation.

Mohinder Kumar Rohilla
118 paschim vihar extn
New delhi- 63
09818729544/ 011-25213173
Email Id- mk.rohilla52@yahoo.in ]]> Stock Market Unregistered http://www.consumercourtforum.in/f35/religare-securities-ltd-product-rally-trading-id-mk8103-21788/ http://www.consumercourtforum.in/f35/alice-blue-services-21743/ Sun, 29 Aug 2010 10:37:02 GMT sir i have taken branch of alice blue sevices in raipur (c.g) but before 2 month the companey director mr. raju shing gone and no return hed office... sir i have taken branch of alice blue sevices in raipur (c.g) but before 2 month the companey director mr. raju shing gone and no return hed office locked i dont know what can i do i have 2 lakh rpees deposite in this companey alice blue sevices mcx my name is sahil khanand companey director is mr. raju shing sie plaese help me my contect number is 09926906786 ]]> Stock Market sahil khan http://www.consumercourtforum.in/f35/alice-blue-services-21743/ http://www.consumercourtforum.in/f35/reliance-industries-limited-21730/ Sun, 29 Aug 2010 06:57:40 GMT One of my friend was working with Reliance Industries Limited (Textile Division-Ahmedabad) Since1975 and company alloted him ESOP shares in the year... One of my friend was working with Reliance Industries Limited (Textile Division-Ahmedabad) Since1975 and company alloted him ESOP shares in the year 2008. His first vesting was 2009 and first 10% he got from the total ESOP shares. The Second Vesting was April 2009 and company not given on that time and the second vesting taken place only in April 2010. My friend was retired from his long service in November 2009 and now company says he is not eligible for balance shares. The company given in writing to him that after retirement, he should take his balance shares with 12 months time. But now the management says RETIRED PERSONS ARE NOT ELIGIBLE FOR BALANCE SHARES. Please let me know is there is rule made by SEBI like that? Or what he should do for getting his balance shares. A line in confirmation will be highly appreciated. ]]> Stock Market ESOP http://www.consumercourtforum.in/f35/reliance-industries-limited-21730/ http://www.consumercourtforum.in/f35/vimalstocks-fraud-complaints-19lacs-loss-21452/ Fri, 27 Aug 2010 12:32:09 GMT Vimalstocks beware of this site this is 100% fruad what he has given on his site its all false. he said call put tips for intraday only 1-2 call btst... Vimalstocks beware of this site this is 100% fruad what he has given on his site its all false. he said call put tips for intraday only 1-2 call btst but his all call is btst he always said to buy a call or put for a month never gives a stoploss he wait for a whole month in tht time period trader can not come out from trade and atlast call or put goes zero (0) or expiry comes . so plz do not take his subscription he is totally fraud man his name is mr. gupta and he talks on phone very rudly . plz contact for more information call-9212320774 ]]> Stock Market Unregistered http://www.consumercourtforum.in/f35/vimalstocks-fraud-complaints-19lacs-loss-21452/ http://www.consumercourtforum.in/f35/dont-receipt-our-share-certificate-21365/ Thu, 26 Aug 2010 14:34:40 GMT Dear sir, I am 67 year old senior citizen. I send our share certificate for deletion of name after death of my son . We send our Reliance... Dear sir,
I am 67 year old senior citizen. I send our share certificate for deletion of name after death of my son .
We send our Reliance Industries Ltd. share certificate number 62229601 folio no. 050176924 & certificate no. 62229606 folio no. 050201996 to karvy computer shares pvt ltd ( registrar of Reliance Industries Ltd.) for deletation of name on 4/6/2010 . A mail received on my email id bharat5730@yahoo.in that your share certificates is send to you after objection (differ in signature ) through registered post no. 4007979, 4007998 dated 23/6/2010 . But till 26/8/2010 we do not receipt our share certificate . We intimate karvy computer share pvt ltd many times that we don't receipt your registered post and please check at your post department but the karvy did not give any suitable reply on this matter . So we can request to SEBI please give instruction to karvy ( Reliance Industries Ltd ) to give our share certificates as soon as possible
Thanking you
complainant
Ramphal
9213126069 ]]> Stock Market kumarsurender http://www.consumercourtforum.in/f35/dont-receipt-our-share-certificate-21365/ http://www.consumercourtforum.in/f35/account-not-closed-21130/ Wed, 25 Aug 2010 11:56:54 GMT I m having the share market account with Angel broking at surat and in this balance is 5000 but after that i shifted at gandhinagar so account is not... I m having the share market account with Angel broking at surat and in this balance is 5000 but after that i shifted at gandhinagar so account is not transfer here and i give to application to close it/

I have given application to close accounts before 2 months but till date he don't clsoe my accounts and i also call to branch but they did/t give reply properly. ]]> Stock Market Unregistered http://www.consumercourtforum.in/f35/account-not-closed-21130/ http://www.consumercourtforum.in/f35/complaint-against-arcadia-share-share-brokers-pvt-ltd-21027/ Wed, 25 Aug 2010 03:28:23 GMT r/sir my self kamal chawla from faridabad haryana have an account in arcadia share broker since november 2007 nd my code is sb 508 i had... r/sir

my self kamal chawla from faridabad haryana have an account in arcadia share broker since november
2007 nd my code is sb 508 i had deposted 7.5 lakhs rs in my account but the
sub broker she is sunaina bhatia (9810297282)every time refuse to give me the statement sevral time i go to the main office of aradia share brokers pvt ltd ,but they also refuse to give me the statement
nd also refuse to give my money back

plz help me save my hardwork money

thank you

kamal chawla
9999920361
reena1978_chawla@hotmail.com ]]> Stock Market Unregistered http://www.consumercourtforum.in/f35/complaint-against-arcadia-share-share-brokers-pvt-ltd-21027/ http://www.consumercourtforum.in/f35/sharekhan-ltd-not-transfering-my-aacount-one-franchisee-other-20964/ Tue, 24 Aug 2010 11:47:48 GMT My name is Hemant jakhotia, i am having my account with one of the franchisee of sharekhan and i want to transfer this account to other franchisee... My name is Hemant jakhotia,
i am having my account with one of the franchisee of sharekhan and i want to transfer this account to other franchisee but he is not giving the transfer.
what legal action can i take against him ]]> Stock Market Unregistered http://www.consumercourtforum.in/f35/sharekhan-ltd-not-transfering-my-aacount-one-franchisee-other-20964/ http://www.consumercourtforum.in/f35/about-deduction-money-rs-25000-my-account-20630/ Sat, 21 Aug 2010 13:00:37 GMT R/sir, I have an saving account in state bank of India chawla colony Ballabgarh, Faridabad. my acount number is 30476699897. on dated... R/sir,
I have an saving account in state bank of India chawla colony Ballabgarh, Faridabad. my acount number is 30476699897. on dated 25-09-2009 Rs. 25000 is deducted from my account. regarding this matter i complaint bank staff as well as bank manager 10 times. i also complaint this matter in SBI customer care and comlaint by mail to AGM/DGM and controller of state bank of India , local head office Delhi but even they did not able to give me a satisfactory answer about this matter. Approx 11 month has been passed but there is no response from concern departments.
So requested to you please take action immediately.
Thanking you.
Account number-30476699897
Regards,
Ravi Bhushan
H. no-2924, sector-3,
Ballabgarh , Faridabad-121004.
Mob-9971374266 ]]> Stock Market ravi bhushan http://www.consumercourtforum.in/f35/about-deduction-money-rs-25000-my-account-20630/