Demat account/unauthorize trading done and company money also invested in the account without permis
francis
(Querist) 29 December 2011
This query is : Resolved
i had invested money with india info line demat account,the regional manager of the company did trading without my permision,no permission was given, neither verbally nor writting nor any email also,he even invested company money into my account with out informing me,i complained to the main office about this,from 2months i was after them,then the concern person and the person incharge came for a settelement by paying 10000 to me,i had gone for a loss of 2000 but i had told them due to the harrasment made to me,and the money that i had to spend in calling them from my mobile to various branches of bombay and pune and having follow up with them to know what is being done and also send them mail from the cyber cafe,taking leave from my work place,travelling from one place to another on bike........they are ready to pay me 10000 could i have charged them more for this or 10000 is okay,the person has admitted that he used the company money into my account and i have also the contract notes with me regarding the shares taken and sold in my account..........the concern person told me that the company has a format typed on a 100 rs stamp paper regarding the settlement made should i sigh that or no, and what should i write on it before i sigh it,please suggest me,so that after i take the money from them,they cannot claim the money back from me by hook or crook,please suggest me or should i appeal in the consumer court to get a lum sum amount from them and how long will it take for the consumer court if this case is put,because in the settelment it is written that after we sign we cannot put a criminal nor a civil case against the company......so please suggest me....thank you they will be coming tommorow 30/12/11 around 1pm to meet me with the settlement cash or cheque and the settlement papers also......
Piyush Vaishnava
(Expert) 29 December 2011
take 10000 without giving any receipts. they cheat you and company also,
Deepak Nair
(Expert) 30 December 2011
Are you getting Rs.10,000/- as compensation?
Then taking the compensatin is OK.
But, regarding the settlement, please don't sign if there is a clause stopping you from taking any legal action againt the Company.
You can give a receipt of that 10,000/- if it is compensation.
if the settlemetn is regarding the current issue only, then there is no harm in signing the settlement. But it shall not take away the right to sue for any such misdeeds on their part.
RAJU O.F.,
(Expert) 30 December 2011
You may settle the matter by accepting Rs.10,000/- but before signing any further settlement documents get the assistance of a Company Secretary/ Chartered Accountant who is conversant with the procedures relating to demat accounts.
prabhakar singh
(Expert) 30 December 2011
I do not advise you to sign there ready made
specially tailored paper for them without looking what that mean to express.you can accept money against receipt or better proceed against them legally.
Devajyoti Barman
(Expert) 30 December 2011
It is always advisable to go through the each lines before putting the signature.
Devajyoti Barman
(Expert) 30 December 2011
It is always advisable to go through the each lines before putting the signature.
Shonee Kapoor
(Expert) 31 December 2011
Nothing more to add, you have been guided right by the experts.
Regards,
Shonee Kapoor
harassed.by.498a@gmail.com
V R SHROFF
(Expert) 26 February 2012
Francis
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You had invested money with india info line demat, and if he is willing to pay you Rs 10,000/- for your actual loss of 2000/-, and if you already received it on 31-12-2011,
You still can go to consumer court, and claim for your mental agony etc.
