Dear Sir,
I WAS A SUB BROKER TO SMC GLOBAL SECURITIES LTD.UNDER THE NAME OF REYAZ GROUP ANANTNAG,I HAVE CLOSED MY OFFICE IN 28/07/2011 & SUCCESSFULLY TRANSFERRED ALL MY CLIENTS TO ANOTHER BROKER & GOT NOC FROM HIM,I SUBMITED THE NOC TO SMC GLOBAL AT THAT TIME THERE WAS AN AMOUNT OF 76000 AS MARGIN OF WHICH THERE WAS A DEBIT OF 8593.56 & THEY KEPT 5000 AS SEBI CANCELLATION CHARGES & REMANING AMOUNT OF 63391 WAS RECEIVED BY ME IN MY BANK ACCOUNT.AS I WAS WORKING THROUGH HCL VSAT THERE WAS AN AGREMET WITH THM THAT IF I WILL CLOSE MY OFFICE THEY WILL RECEIVE BACK THE VSAT & GIVE 50000 FOR THAT,BUT THEY REFUSED TO GIVE I TOOK THE MATTER WITH BSE & SEBI THROUGH MAIL THEY WROTE BACK TO BSE THAT VSAT IS THE SUB BROKER PROPERTY HE CAN DISPOSE THE SAME OR WE WILL HELP HIM TO SELL IT OUT ,I WILL ATTACH THE COPY PLEASE FIND,THEN IN MARCH I GOT A CALL FROM SMC THAT WE WILL SEND A PERSON TO COLLECT THE VSAT & WE WILL PAY 50000,THEY GOT THE VSAT ON 31/03/2012 NOW THEY ARE REFUSING TO PAY 50,000.