[Resolved]  Religare Enterprises — complaint on misuse of share certificate provided for dematerialization.

Address:

Door No-2, 1st Cross Road, Gandhi Nagar, Opp. Women College, Ballari, Karnataka 583103, Bellary, Karnataka, 583101

I had contacted religare at bellari branch (Karnataka 583101) for dematerialization of share certificates last year november with hope that it will be a smooth transition. After creation of the trading account. I observed that many of the high value shares were missing.
On asking for details the response was they are struck at nsdl and they are getting processed and remaining shares were never to be seen.
As time passed, we grew suspicious with their activities. Also, we were not getting any mails or messages about the shares getting credited to account.

One fine day in september 2019 in my inbox there was a mail from karvy, hyderabad asking me to permit the transfer of 380 share to unknown person. On confronting religare bellary for details about this all i get in response is nice stories.
There are some high value shares struck in this mess. I do have all the duplicates and folio numbers of the share certificate that are missing.

I have been asking the religare here to provide me the copies of drf forms and other documents which were used for processing, but all i get is false promises. I need religare to give some clarity on this matter and cridit all the shares to trading account at the earliest.

Religare is cheating its costumers high time here.