validity of a letter without signature of sender
pkpworld..
(Querist) 10 November 2009
This query is : Resolved
One person received some letters (ledger copy of share transaction, notice for payment of arrear payment, show cause notice for legal action for non payemnt of money) from a share broker companty i.e. ITI Financial Services Ltd, Kolkata. All the letters and documents are being printed by computer printer on plane ordinary papers. But all these documents did not bear signature of the sender and bear footnote that:
"This is a computer gnerated report, hence does not require any signature".
I want to know whether these correspondences are authentic and valid?
If yes, please give details with supporting laws in force.
If not, what would be the consequenes? & what to do against the broker?
Raj Kumar Makkad
(Expert) 10 November 2009
Authentication is a legal requirement without which sent documents cannot be relied upon in the eyes of law so either get those documents authenticated from sender or discard them.
pkpworld..
(Querist) 10 November 2009
That Financial institution is a reputed institution. I want to know what is basis on which they written such foot note:
"This is a computer gnerated report, hence does not require any signature"
in every documents. I think there must be some basis because how can a reputed institution does this practice since long days.
