a notice posted by reliance money(effective july 22/07/09 minimum order size accepted would be rs.600/- through reliance money portal. now see the falacies of this notice. supopse i am having 30 shares of a company now having rate rs.5/. ibought them at reliance money portal at rs.20/. i can not sale because order size is rs.150/. if iwant to sale i have to buy few more to make the trade value rs.600/. so buy more for sale proves the revival of mohd tuglak in reliance money. salaam anil bhaiya you have left your company exlusively on your workers. they wiill make yopu mohd. tughlak. enjoy.

Thanks for sharing your experience, hope this will help other consumers to choose the right product/services.

KEEP POSTING

Originally Posted by shashigupta

a notice posted by reliance money(effective july 22/07/09 minimum order size accepted would be rs.600/- through reliance money portal. if iwant to sale i have to buy few more to make the trade value rs.600/. so buy more for sale proves the revival of mohd tuglak in reliance money. salaam anil bhaiya you have left your company exlusively on your workers. they wiill make yopu mohd. tughlak. enjoy.

.it is a chor co. bach ke rahna dost. it will suck your money.

Unethical rs 15 / each trade charges by reliance money



I my self Ashish Bordiya do on line share trade by Reliance Money Plat form.



My point is that if online share trade generates thousands of crores turn over in a
single day then it has to be clear & secure by Online operators (Brokers) other wise
its just like an online gamble which is worst then a casino gamble because in casino
gamble you know why you have lost the money. But in online trade you won’t know why
you have lost the money when broker creates some thing unusual by showing their un
usual legal boundaries & suck the crores (Very Huge) of amount of money in 2 / 3
days times form consumers pocket & SEBI or else were sleeping to wait for an another
events like “Sataym”.



(a) What BSE Says for online trades



"The Bombay Stock Exchange Limited is not in any manner answerable, responsible or
liable to any person or persons for any acts of omission or commission, errors,
mistakes and/or violation, actual or perceived, by us or our partners, agents,
associates etc., of any of the Rules, Regulations, Bye-Laws of The Bombay Stock
Exchange Limited , SEBI Act or any other laws in force from time to time. The Bombay
Stock Exchange Limited is not answerable, responsible or liable for any information
on this website or for any services rendered by us, our employees and our servants."



(b) What Reliance Money Says for online trades



Although Reliance Securities Limited tries to ensure that all information and
materials, whether in relation to the products, services, facilities, offerings or
otherwise (hereinafter "Information") provided as part of this website is correct at
the time of inclusion on the web site, it does not guarantee the accuracy of the
Information. Reliance Securities makes no representations or warranties as to the
completeness or adequacy or accuracy of Information and expressly disclaims
liability for any errors or omissions or delays in updating this information.



According to them they can launch products for trading like limit cards(1 moth to 1
year limit) & collect crores of amount then before expiry of these product with
ought giving any advance information’s they introduce another brokerage plan & and
make limit card plan use less by charging rs 15 per executive trade, they stars to
charge rs 15 per executive 20/07/09 and announcing about this on 23/07/09 on their
web site that moment they sucked crores (very huge) of amount from customers pockets
by the name of rs 15/- each trade & limit card



And clients are calling, mailing again & aging but they are not giving any response.



Means they can make any rules & regulations by their own any time they feel that
they need money “example” -: 200 crore they can change the plan or else quite
normally to gain the same.



Sebi or Indian judicial system sleeps to see all these kinds of bluff with their
consumers

If any responsible person of sebi or Indian judicial system will just search over
the internet they can find thousands of complain against online brokers.



Is it a chit fund organization or an organization of mr. jadeja which is declaring
they are no liable for anything



I want to know what consumer protection act does for above mentions situations



(a) Is that they can revert back the amount to the consumers from the faulty company?



(b) How may days it will take?



(c) Is there any online plat form to get back the money?



(d)How much penalty it can provide to consumer (10 times or 20 times or more then of
actual amount) why huge penalty is needed? answer if penalty will be on actual basis
then no body can control these kinds of situations company appointed is legal
adviser who is getting salary for these issues then actual basis solution will be
the write choice for them. And 100 out of 2 persons will get hedge to get back their
money and problem wont be solved





(e)If same case of a person solved then this will be applied on every suffering
consumer?

If sebi, Indian Judicial System, Consumer Protection Act won’t stop these kinds
of

unethical Practices permanently then stop online trading



Just see the reliance capitals turn over, branches its days turn over, monthly
profit & very importantly administrative expenses then the situation will be cleared
very vastly

[QUOTE=shashigupta;9399]a notice posted by reliance money(effective july 22/07/09 minimum order size accepted would be rs.600/- through reliance money portal. now see the falacies of this notice. supopse i am having 30 shares of a company now having rate rs.5/. ibought them at reliance money portal at rs.20/. i can not sale because order size is rs.150/. if iwant to sale i have to buy few more to make the trade value rs.600/. so buy more for sale proves the revival of mohd tuglak in reliance money.

write to CB Bhave, chairman SEBI. chairman@sebi.gov.in