This is a discussion on Complaint against State Bank of India within the Stock Market forums, part of the Investment category; I am L K Chakraborty. My father bought equity share of State Bank of India during 1994. At that time ...
I am L K Chakraborty. My father bought equity share of State Bank of India during 1994. At that time State Bank of India send physical share certificate with only one name as "Name of Holder" i.e my fathers name.
My father has passed away on April 2010. Before that my father gave the share certificate of SBI (State Bank of India).
After my father's death when I sent application to know procedure to change holder name to my name to Financial Service Agent , Datamatics Financial Services Ltd., Mumbai. Then Datamatics Financial Services Ltd. informed me that share is alloted jointly with other person. and due to typographical error, during IPO, another name has not been printed on the original certificate.
IPO was distributed during 1994, but form 1994 to 2010 all communication from SBI was done only by MY FATHER'S NAME even on the dividend cheque. In this way SBI and his agent harassing me.
The above evidence shows that MY FATHER is the sole authority of that SBI Share.
Can any body advice me how can I get rid of this problem ASAP.
Thanks in advance