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1. kumar    I Like It. |Report Abuse|  Link|March 12, 2008 10:15:16 PMReply
Today i.e. on 07/03/2007, instead of selling the 30 shares of Reliance Capital in BSE, i sold them in the NSE (short selling) and i still hold the 30 share in my account, can this be adjusted for the said short selling.

Let me know at the earliest

regards

kumar
this mail was sent on 07, 08, 10, 11/03/2008 and i received this on 12/03/2008 at 12.47hrs

Dear Sir/ Madam,

Thanks for mail.

With regards to your mail, please note that you have done trading in different exchanges due to which we would not be able to adjust the shares short sold in your account. You need to transfer the undelivered shares in your account failing which an auction would be conducted by the exchange.

Assuring you of the best of our services at all times. Please get back to us for any clarifications.

Warm Regards,

Vikas

this was my reply

I appreiate you lazy reply.

This is very ridiculious on your buisness part its pure case of cheating, as i have already informed you through the damn mails daily and that I am holding the 30 shares of Reliance Capital right from the day this short selling was done 07/03/2008 but, you have not substituted the shares and i had to give a cheque no: 098977. dtd 10/03/08 of ICICI bank in the morning on 10/03/2008 and in the evening i was informed by you executive that the shares were being purchased.

As I understand this transatcion is of T+2 and that is yesterday on 11/03/2008.
So, i was confirmed that the india info bought the 30 shares of Reliance Cap and my existing would remain with my account. But, till last night before the TTA backup I have checked my account and the 30 shares of Reliance Cap were reflecting in account.
Today, in the morning i am surprised to see that the 30 shares of Reliance Cap were missing and the additinal margin of Rs. 35,000.00 is being added. If this the case, why in first you made me pay Rs. 45,000.00 (chq-35000 & fund trans Rs.10.00), and deduct the shares simultaniously.

showcause and clarify this at the earliest i.e today and include the said 30 shares of Reliance Cap in my account before the closing hours of the market if not i am forced to take up the issue with the investors help line

kumar

no reply and again i sent the following mail today

You have not explained me why the shares were substituted today 12/03/2008 in spite of my cheque being cashed into your account yesterday 11/03/2008 as per your late reply, it is a trick (cheat) you played to fool me around me with my money and also confused your sub office at secunderabad A.P. It shows that you are least bothered atleast to satisfy your customer by reply hence, if there is alternative to mend your customer relationship i have to windup the services you and your Big indiainfo provides.

so pl anyone could advice me on the moral and legal aspects of the issue.