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Complaint India infoline ltd

This is a discussion on Complaint India infoline ltd within the Stock Market forums, part of the Investment category; It is hereby stated that I am a client of India infoline ltd. , a share broker company. Due to ...

  1. #1
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    Default Complaint India infoline ltd

    It is hereby stated that I am a client of India infoline ltd. , a share broker company. Due to some problem with my broker when I requested to transfer my share to my new broker they refused. However on my request they transfer my share partially but some share transfer slip is still pending as the customer care executive told me that they want to debit some charges in my account when I request them to debit the charges on the same day the executive simply refuses that the charges will be debited only at the month end and till then I can not transfer my share to anywhere.

    They are just telling me that there is not sufficient fund in my account when I asked what is the sufficient fund they refused to tell me the same…

    I want to simply tell them that I am the owner of the share and they are not if the share price for the period goes down will they bear the loss??

    INDIA INFOLINE IS A GROUP OF WHITE COLLER VIKINGS.

    They have simply pledge my shares for their nominal charges.

    Please help me to come out from this harassment

    Sumit bareja
    Subareja clint id of India infoline
    (m) : 93549-04000

  2. #2
    advocate2help is offline Senior Member
    Join Date
    Mar 2011
    Posts
    330

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    In this case legal direction are required by appropriate authorities to solve your this problem along with compensation for your unnecessary harassment.

    In case if anyone here need any legal help you can contact us (via below email) by writing your problem on

    advocate2help@gmail.com

    we are ready to help you..
    Our dream is to form throughout India a consumerist culture and a consumer society

  3. #3
    brian nathaniel soans is offline Senior Member
    Join Date
    Nov 2010
    Posts
    362

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    Dear Client:
    India Infoline is a fraudlant company. But recently few staffs of internal wing of IndiaInfoline are placing complaints like above. When they are called and made to understand that the fraud takes place from within their IIFL as it is fully aware of the frauds ., they try to convince the legal counsel otherwise.
    IIFL has cheated so many people and there is documentry evidence for all frauds they have done.
    iifl utilises peoples share and trades on their account internally with full assistance of their RMS which is handinglove to create such crime and in addition the owners of IIFL especially Rajmani Venkatraman and Nirmal Bhawarlal Jain are ace fraudsters. I may also benoted in 2009 Rajmani venkatraman was arrested for his internal hand proved in cheating one lady Arti Gunjekar in mumbai of 13 lakhs by internal trading.It was in this case : IIFL immediately paid 13lakhs plus 5 lakhs as compensation under a settlement agreement to arti gunjekar so as to release Rajmani Venkatraman.After releasing him out on an clearly agreed settlement IIFL contrary to all that they agreed and settled arti gunjekar in agreement files case by emplying lawyers in order to get back the 18 lakhs back to their company.Thus it has to be noted that there is no principle with IIFL owners or their staff. They cheat the client -if rarely prosecuted they pay the client a settlement and then again harrasss the same client.

    Internal trading is a comman practise at IIFL to create revenue and Above all IIFL are stubborn bastards.
    They hold ontu cheated earnings of clients untill they are crucified by law. most of the times they pay up the beurocracy, the media and also SEBI , NSE, BSE officials who are paid servants of Iifl.
    This claim also can be substantiated with evidence.
    In such a scenerio of cheating prevalent in the STOCK MARKET wheras SEBI, NSE AND BSE also play foul in hands of Broking houses Like INDIA INFOLINE what is the dilema and where is the security for a stock investor.
    This states stock market- its principle regulatory body SEBI and broking principle house:NSE and BSE are corroded with corruption.
    Then where is the security for an investor in the STOCK MARKET. Will the indian Government: minstry of corporate affairs-economic offenses intervene to stop INDIA INFOLINE its frauds and its internal nexus in bribing and making SEBI ,NSE and BSE nincumproofs.

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