Please check the below mails which I sent ti NSE,SEBI and Religare Securities Grevience cell but no results till yet.
Please help consumer court people.



A gentle Reminder ..

From: Ashish Khurana04
Sent: Friday, May 21, 2010 8:25 AM
To: sundaresanvs@sebi.gov.in; saravanank@sebi.gov.in
Subject: FW: Please help me .. small investor

A Gentle Reminder . Please look into this matter ASAP. Kind Request.

From: Ashish Khurana04
Sent: Tuesday, May 11, 2010 12:22 PM
To: sundaresanvs@sebi.gov.in; saravanank@sebi.gov.in
Subject: FW: Please help me .. small investor

Hi Sebi people,

Please find below the mail as I was being cheated by Religare securities RMC So please look into this matter and help me for the same.
I am ready to provide more details including telecom calls received from religare. Attached trades description done without my consent where I lost my all hard-earned money.

Please look into this as soon as possible

Hoping for the positive reply soon

Thanks,
Ashish Khurana
9923002861

From: Ashish Khurana04
Sent: Saturday, May 08, 2010 10:53 AM
To: 'dwaipayan.majumdar@religare.in'; 'sanjay.periwal@religare.in'; 'igreligare@religare.in'; 'compliance@religare.in'
Subject: Please help me .. small investor

Hi Religare People ,

I am small and new investor (client Id Ak14408) working in Software company in Pune. I started trading in 2009 from telecom trading from one of the branch of religare in Aundh Pune.

I have invested all my hard-earned money in the trading account as I was new to share trading system So I faced a lot of losses and I beared and stopped trading in intra-day or short selling.

But yesterday ( 7th of May) I faced a issue when I lost all my portfolio share money without any notification or alert.

I bought a lott(3576 quantity) of RNRL in futures for safe trading (not Intraday) in the morning costing around 70rs per share. I was being informed from branch manager once that its (RNRL) going down so transfer some funds (20 thousand) to make sure of Margin money to hold futures till 27 may and I immediately transferred 20 thousand to Religare securities ( attaching the mail for proof) and branch manager assured me that he informed the RMC about the same to hold futures lott even I have following portfolio in my account and could transfer more funds if I was being INFORMED to hold that futures lot and to save huge loss .

Bharti Airtel -- 90 Shares
IndiaBulls Real Estate -- 50 shares
Cranes Software -- 125 shares
Venky India -- 11 shares
Filatex Fashions -- 700 shares.

But When I got the confirmation call from Religare branch and I was shocked to hear that all my portfolio shares adding 20000 being sold and that lott of Future shares of RNRL also being sold off at lowest prices by RMC without any alert/confirmation call/confirmation mail.

I called the Branch Manager Avinash Singh and asked about the same and he even did not about the same and then he checked and confirmed me that the company’s RMC end has problem that it did not pop any alert in ODIN software and did not get any mail from RMC.

Issue : Selling of all shares and futures lott without any alert as I had sufficient margin to hold .. (confirmed from Branch Manager)

So I want to request you to please highlight this matter on the social/personal grounds as I have lost ( rs 1 lac ) all my hard-earned money with which I supposed to support my family as recently I lost my father.

Avinash (branch Manager) supported me on my comments that from my end there is no mistake of insufficient funds at the time of selling by RMC.

Hoping to hear positive reply soon.

Thanks,
Ashish Khurana
Client Id -- AK14408
Cell – 7837627129
e - mail : ashish_khurana04@infosys.com

Mr ASHISH KHURANA CODE :AK14408
St No 21 Rattan Pura Phagwara
Kapurthala Pincode : 144440 INDIA

Dear Ashish,

We regret the inconvenience caused to you. We would request you to get in touch with our customer care department at 1860 – 25 – 88888. We assure you that your matter would be looked into and appropriate action will be taken, as at Religare we take these matters very seriously and make sure our clients enjoy satisfactory and comfortable services.

Regards,

Religare Customer Care

hi Religare people,

I have contacted grevience cell of religare but I got no result Please help me for this ..

Thanks,
Ashish

Originally Posted by Unregistered

Please check the below mails which I sent ti NSE,SEBI and Religare Securities Grevience cell but no results till yet.
Please help consumer court people.



A gentle Reminder ..

From: Ashish Khurana04
Sent: Friday, May 21, 2010 8:25 AM
To: sundaresanvs@sebi.gov.in; saravanank@sebi.gov.in
Subject: FW: Please help me .. small investor

A Gentle Reminder . Please look into this matter ASAP. Kind Request.

From: Ashish Khurana04
Sent: Tuesday, May 11, 2010 12:22 PM
To: sundaresanvs@sebi.gov.in; saravanank@sebi.gov.in
Subject: FW: Please help me .. small investor

Hi Sebi people,

Please find below the mail as I was being cheated by Religare securities RMC So please look into this matter and help me for the same.
I am ready to provide more details including telecom calls received from religare. Attached trades description done without my consent where I lost my all hard-earned money.

Please look into this as soon as possible

Hoping for the positive reply soon

Thanks,
Ashish Khurana
9923002861

From: Ashish Khurana04
Sent: Saturday, May 08, 2010 10:53 AM
To: 'dwaipayan.majumdar@religare.in'; 'sanjay.periwal@religare.in'; 'igreligare@religare.in'; 'compliance@religare.in'
Subject: Please help me .. small investor

Hi Religare People ,

I am small and new investor (client Id Ak14408) working in Software company in Pune. I started trading in 2009 from telecom trading from one of the branch of religare in Aundh Pune.

I have invested all my hard-earned money in the trading account as I was new to share trading system So I faced a lot of losses and I beared and stopped trading in intra-day or short selling.

But yesterday ( 7th of May) I faced a issue when I lost all my portfolio share money without any notification or alert.

I bought a lott(3576 quantity) of RNRL in futures for safe trading (not Intraday) in the morning costing around 70rs per share. I was being informed from branch manager once that its (RNRL) going down so transfer some funds (20 thousand) to make sure of Margin money to hold futures till 27 may and I immediately transferred 20 thousand to Religare securities ( attaching the mail for proof) and branch manager assured me that he informed the RMC about the same to hold futures lott even I have following portfolio in my account and could transfer more funds if I was being INFORMED to hold that futures lot and to save huge loss .

Bharti Airtel -- 90 Shares
IndiaBulls Real Estate -- 50 shares
Cranes Software -- 125 shares
Venky India -- 11 shares
Filatex Fashions -- 700 shares.

But When I got the confirmation call from Religare branch and I was shocked to hear that all my portfolio shares adding 20000 being sold and that lott of Future shares of RNRL also being sold off at lowest prices by RMC without any alert/confirmation call/confirmation mail.

I called the Branch Manager Avinash Singh and asked about the same and he even did not about the same and then he checked and confirmed me that the company’s RMC end has problem that it did not pop any alert in ODIN software and did not get any mail from RMC.

Issue : Selling of all shares and futures lott without any alert as I had sufficient margin to hold .. (confirmed from Branch Manager)

So I want to request you to please highlight this matter on the social/personal grounds as I have lost ( rs 1 lac ) all my hard-earned money with which I supposed to support my family as recently I lost my father.

Avinash (branch Manager) supported me on my comments that from my end there is no mistake of insufficient funds at the time of selling by RMC.

Hoping to hear positive reply soon.

Thanks,
Ashish Khurana
Client Id -- AK14408
Cell – 7837627129
e - mail : ashish_khurana04@infosys.com

Mr ASHISH KHURANA CODE :AK14408
St No 21 Rattan Pura Phagwara
Kapurthala Pincode : 144440 INDIA

Hey Religare People,

As You asked me to contact through customer care of religare and I contacted and discussed my case but the care people has nothing to comment on it and he deliberately asked me to wait for 1-2 days and now its been a WEEK but I got nothing from religare side.

Originally Posted by Religare

Dear Ashish,

We regret the inconvenience caused to you. We would request you to get in touch with our customer care department at 1860 – 25 – 88888. We assure you that your matter would be looked into and appropriate action will be taken, as at Religare we take these matters very seriously and make sure our clients enjoy satisfactory and comfortable services.

Regards,

Religare Customer Care

After reading this ...i have stopped the opening the demat account in Religare today....whereas infosys giving the share and i need to open account of demat

Thanks for sharing the such incident.......The Company need to help this and to give the guidlines to customer....

My name is Krishnakumar
9096020241
kk699@rediffmail.com

HI There.



I am registered sub-broker with BSE and NSE and I own a franchise of RELIGARE SECURITIES LTD.

My franchise code is 5324, and my registered address is 10/150-A / SF-3 / sea face road, Nani Daman-396210 (U.T)



The matter is I am planning to disassociation with RELIGARE SECURITIES LTD and I am sending them mail asking regarding the paperwork involved since more then a month.

But I had not received any mail or call from them yet.

I had called the regional head office and had a telephonic conversation with the Franchise Co-Ordinater and he informed me that there is a client issue involved with your franchise so they need to resolve that matter first then and only they can proceed ahead with the disassociation issue.

I had submitted al my clarification to them regarding that client issue, but still they have not taken any steps to solve the problem.

I had produced them all the documents which shows and prove that I am not directly or indirectly involved in the client issue.

Even the client had accepted the fact that I do not have any involvement with the issue but still Religare Securities Ltd had taken no steps to solve this issue.

I am facing a great loss in business and also my business reputation is getting damaged.



Please advice me.



Many Thanks.



(Note: please find below all the mail transitions)





PATEL SNEHAL VANAMALI

MJ INFOLINE (5324)

DAMAN - 396210 (UT)

+91 999 866 0001



-----Original Message-----
From: 5324 [mailto:5324@religare.in]
Sent: Tuesday, August 03, 2010 11:14 AM
To: 'dilip.rana@religare.in'; 'ayub.quadri@religare.in'; 'shailesh.kheni@religare.in'
Cc: 'darshan.trivedi@religare.in'
Subject: FW: Important & urgent 03/08/2010







PATEL SNEHAL VANAMALI

MJ INFOLINE (5324)

DAMAN - 396210 (UT)

+91 999 866 0001



-----Original Message-----
From: 5324 [mailto:5324@religare.in]
Sent: Monday, August 02, 2010 11:22 AM
To: 'shailesh.kheni@religare.in'; 'darshan.trivedi@religare.in'
Subject: FW: Important & urgent





-----Original Message-----
From: 5324 [mailto:5324@religare.in]
Sent: Monday, August 02, 2010 11:01 AM
To: 'darshan.trivedi@religare.in'; 'dilip.rana@religare.in'; 'ayub.quadri@religare.in'; 'sailesh.kheni@religare.in'
Cc: 'shruti shah'
Subject: FW: Important & urgent



Dear All,



Its been more then a month now that I am quering about disassociation with religare but you people seems to be very busy to reply me.

I understand the issue of client Mr. M D Rizwan is not been solved yet, but I had made myself clear that I have no involvement in this issue, you can confirm the same with the client.

Please consider this mail as my last request and try to resolve this issue at your earliest.

I want to clear this issue as I want to clear my name from this and continue with my business.

If I will not receive an appropriate reply to this mail then I will be not left with any other option then taking this issue to SEBI.



Many Thanks







Dear All,

This mail is regarding the issue of Mr.M D Rizwan.Please update yourself with the latest developements.
I had a mobile conversation with the client while i was in vapi branch with the branch manager Mr.Shailesh Kheni and the minutes of the conversation are as follows.

1) Client had accepted the fact that he had not given the missing cheque of Rs.1,50,000.00 to MJ INFOLINE (5324).He had given the cheque to third party who had no association with RSL or MJ INFOLINE(5324).
(LEGAL DEPARTMENT CAN CONFIRM THE SAME WITH THE CLIENT.)

2) Client had also admitted to Mr.Sailesh Kheni that he was not having proper knowledge about how share trading or how the trading practise works and thats the reason he had been fraud by the third party.

3) RSL or MJ INFOLINE(5324) liability for the client starts from 05/11/2009 as this is the date when the client DP code was generated.I am surprised to know that why RSL is concerned about the client issues before this date ??? as the cheque was deposited into another deamt account on 22/10/2009 by the third party, MJ INFOLINE(5324) had no involvement in this.
(LEGAL DEPARTMENT PLEASE REPLY TO THIS)

4) this issue is between Mr M D Rizwan and client code AP 3118, (AS THE CHEQUE WAS DEPOSITED INTO THIS CLIENT)and that too before the client was legally a client with RSL.
(LEGAL DEPARTMENT PLEASE REPLY TO THIS)

5) Legal department can confirm all this points with Mr.M D Rizwan, as he had confessed that he had given the cheque to third party for his personal benefits.the third party had promised him a handsome amount of interest every month against this amount, and also the client had received interest for 3-4 months regularly, but when he didnt received the interest for couple of months he filed this falsed complaint.

Legal department please confirm all this things with the client as soon as possible as i had given more time then need for this issue.
I would also like to add that please issue me a N O C to switch the franchise as i dont wont to continue any business with RSL.
Also arrange to refund back my deposit at your earliest.

Feel free to call me for any queries.

CLIENT CONTACT DETAILS :

(Mob) 9898309964


Many Thanks



PATEL SNEHAL VANAMALI

MJ INFOLINE (5324)

DAMAN - 396210 (UT)

+91 999 866 0001



-----Original Message-----
From: 5324 [mailto:5324@religare.in]
Sent: Tuesday, July 20, 2010 5:32 PM
To: 'darshan.trivedi@religare.in'; 'dilip.rana@religare.in'; 'ayub.quadri@religare.in'
Subject: FW: Important



HI All,



As per telephonic conversation with Mr.Darshan, here in the attachment I am sending the letter communication for client Mr.M D Rizwan issue.

Please look into this matter and resolv my request to surrender franchise.



Many Thanks



PATEL SNEHAL VANAMALI

MJ INFOLINE (5324)

DAMAN - 396210 (UT)

+91 999 866 0001



-----Original Message-----
From: 5324 [mailto:5324@religare.in]
Sent: Tuesday, July 20, 2010 11:46 AM
To: 'darshan.trivedi@religare.in'
Cc: 'shruti shah'
Subject: FW: Important



HI Dashan,



As mention in earlier mail, I am planning to surrender my Religare securities franchise (5324)

Please advice me with the paperwork involved and also with the settlemet of clients so that I can get back my franchise deposit at earliest.

For more details please feel free to contact me.



Many Thanks



PATEL SNEHAL VANAMALI

MJ INFOLINE (5324)

DAMAN - 396210 (UT)

+91 999 866 0001



-----Original Message-----
From: 5324 [mailto:5324@religare.in]
Sent: Saturday, July 10, 2010 12:04 PM
To: 'darshan.tridevi@religare.in'
Cc: 'shruti shah'; 'jigna.patel@religare.in'
Subject: FW: Important







PATEL SNEHAL VANAMALI

MJ INFOLINE (5324)

DAMAN - 396210 (UT)

+91 999 866 0001

+91 9227678505



-----Original Message-----
From: 5324 [mailto:5324@religare.in]
Sent: Monday, June 28, 2010 12:40 PM
To: 'shruti shah'; 'jigna.patel@religare.in'
Subject: Important



HI All,



I am planning to surrender my frnachise for Religare securities ltd (5324)

Please provide me with all the imformation related to this.





Many Thnaks



PATEL SNEHAL VANAMALI

MJ INFOLINE (5324)

DAMAN - 396210 (UT)

+91 999 866 0001

+91 922 7678505

[QUOTE=Unregistered;48459]Please check the below mails which I sent ti NSE,SEBI and Religare Securities Grevience cell but no results till yet.
Please help consumer court people.


Below is the reply which I sent to Religare securities to clear all my doubt which I came across from the reply I got from Religare securities.

Hi Avinash/Religare/Kausahal A.Mehta,

Its regarding my complaint against RMC and Religare Securities as I want to clarify the below points that You people replied on your part :

1. I certainly agree to first point that It was well informed that a lot of RNRL is being bought in my account by branch manager Avinash kumar.
2. Now I again agree to second point that the status of script falling is told to me by manager again.
3. But as per Your reply I am not agreeing to this point :
Its also informed to you to arrange 20000 as after clearing all the positions in cash and Future segment by the risk team.

Clarification Needed : I was not being told even once or informed once by the branch manager or any religare person that my cash positions are being cleared off. You can confirm same from the branch manager who was not even noticed till evening. Avinash Can You clear this point ?

4. My account was running on naked debit of 20000 and same was accepted by me and I agreed to immediately arrange Rs 20000.

Clarification Needed : I was not being informed by any person/manager that my cash projections are cleared off and I need to arrange 20000 to clear my debit INSTEAD I was being told by branch manager Avinash Kumar that I f I can transfer 20000 immediately to Religare securities then the lot of RNRL in Future Segment can be carried forward till its selling date. Avinash Can You again clear this point to kaushal Mehta ?

Avinash,Please clear all the clarification needed as You only know in my part that how I arranged all the funds including 20000 (as told by you) to save my cash and future projections but if I could arrange 20000 at that moment to save the loss I could arrange the whole lot size money at that moment if it was being informed to me once that I am running out of margins.

As per Religare Securities ltd Rules/Law that a customer/client should be well informed about any transaction done on its account but in this case I am not informed by anyone to furnish the transactions. So I would blame the Religare securities Ltd for all my loss in Cash and future segment. I even confirmed the same from SEBI (Sebi complaint number : ACK.REF.NO 2010/0025471/01 ) and NSE India. Please clarify my doubts ASAP as I am already in big mess due to this huge loss.


Thanks and Regards,
Ashish Khurana
Client Id : AK14408
Mobile : 7837627129

[QUOTE=Unregistered;79429]

Originally Posted by Unregistered

Please check the below mails which I sent ti NSE,SEBI and Religare Securities Grevience cell but no results till yet.
Please help consumer court people.


Below is the reply which I sent to Religare securities to clear all my doubt which I came across from the reply I got from Religare securities.

Hi Avinash/Religare/Kausahal A.Mehta,

Its regarding my complaint against RMC and Religare Securities as I want to clarify the below points that You people replied on your part :

1. I certainly agree to first point that It was well informed that a lot of RNRL is being bought in my account by branch manager Avinash kumar.
2. Now I again agree to second point that the status of script falling is told to me by manager again.
3. But as per Your reply I am not agreeing to this point :
Its also informed to you to arrange 20000 as after clearing all the positions in cash and Future segment by the risk team.

Clarification Needed : I was not being told even once or informed once by the branch manager or any religare person that my cash positions are being cleared off. You can confirm same from the branch manager who was not even noticed till evening. Avinash Can You clear this point ?

4. My account was running on naked debit of 20000 and same was accepted by me and I agreed to immediately arrange Rs 20000.

Clarification Needed : I was not being informed by any person/manager that my cash projections are cleared off and I need to arrange 20000 to clear my debit INSTEAD I was being told by branch manager Avinash Kumar that I f I can transfer 20000 immediately to Religare securities then the lot of RNRL in Future Segment can be carried forward till its selling date. Avinash Can You again clear this point to kaushal Mehta ?

Avinash,Please clear all the clarification needed as You only know in my part that how I arranged all the funds including 20000 (as told by you) to save my cash and future projections but if I could arrange 20000 at that moment to save the loss I could arrange the whole lot size money at that moment if it was being informed to me once that I am running out of margins.

As per Religare Securities ltd Rules/Law that a customer/client should be well informed about any transaction done on its account but in this case I am not informed by anyone to furnish the transactions. So I would blame the Religare securities Ltd for all my loss in Cash and future segment. I even confirmed the same from SEBI (Sebi complaint number : ACK.REF.NO 2010/0025471/01 ) and NSE India. Please clarify my doubts ASAP as I am already in big mess due to this huge loss.


Thanks and Regards,
Ashish Khurana
Client Id : AK14408
Mobile : 7837627129

Sir
i am noufal . I want a religare barnch in tirur . Please infrom your contioun 's . My ph- 9496525296.

Respected sir, i have a religare trading account. At the time of buying i was told that there will be no annual maintenance charges, but now suddenly they have started taking rs 30/- per month. So i want to launxh a complaint against them.