[Resolved]  Angel Broking — inordinate delays in transfer of securities to my demat account

Address:

Andheri East MIDC Mumbai

I am a member of angel broking firm.
The company has been delaying the transferring of securities for as many as 81- 10 days, inspite of receiving the payments against my securities the very next day itself. This means that the money is in their accounts by the t+2 in which case it is illegal for them to hold on to my securities beyond t+2.

https://economictimes.indiatimes.com/markets/stocks/news/sebi-tightens-rules-for-usage-of-client-funds-by-brokerages...⇄

Attached is a link to a page stating sebi guidelines for the same.

The major problem faced by me is keeping a track of securities which can be misused by the broker. Also, i am prevented from selling the same as i cannot deliver the same as they do not show in my demat account. My major fear is that the broker can retain any benefits which are rightfully mine in terms of dividends, bonus shares or splits announced by any company in which i have purchased securities.

Please help me to resolve this issue at the earliest.

Thanks in advance