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I placed request on 13-5-2008 to buy 100 shares of a company,say X. Geojit issued contract note dated 13-5-2008. I made the cheque payment on the same date.
It was noticed that the holding statement for the date 20-5-2008(almost one week after trading)did not include shares of this company X. Moreover,what surprised me was,a statement was issued to me that 66nos of shares of this company X were sold and the corresponding credit was given to my account.I had not requested for any sale of this (X) company's shares!
I am not able to understand how the sale was effected without my request.On checking with the branch,I was informed that only 34 shares(of X)were allotted(from SEBI)instead of 100 nos applied for.It was also informed that it was due to 'bad delivery'.
I am still not clear about this. Can there be any convincing clarification? Thanks.