[Resolved]  India Infoline Limited — OVERRULING IN SPITE OF DEADLINE GIVEN AGAINST SHORTAGE SELL.

script:ASHAPURMIN (nsc code : 203 bsc code: 527001)

qty : 10 nos
date of sell : 12 may 2009.
date of purchase: 14 may 2009 at 09:55am
reason of delay: The software provided by The company did not take higher rate or any modification of and status shows: placed.

the company in email gives me deadline on 13th may 2009 that by next day 10:30 am i should submit details. Which i did before 10:00 am: The attached chain of emails is testimony. This morning when i was unable to contact their local representative at guwahati i entered into chat session with the company (agent 62993) who abruptly winded the sessionsaying there is time limit and ending. If i so desired can open another chat sessions. WHY THIS MANHANDLING ?

DETAILS OF EMAILS: (NOTE PICTURE ATTACHED to show buy)





[protected][protected][protected][protected]
From: [protected]@hotmail.com
To: [protected]@5pmail.com
CC: brahmanand.[protected]@indiainfoline.com
Subject: RE: Delivery Shortage in your account for Settlement2009083(NSE Normal)
Date: Thu, 14 May 2009 21:01:23 +0530

Dear Sir please note the shares are purchased before 10:am and details mailed to you.

A copy send to your Mr B Gupta at your guwahati office.

thanks

sajal das


> From: [protected]@5pmail.com
> To: [protected]@hotmail.com
> Subject: Re: RE: Delivery Shortage in your account for Settlement2009083(NSE Normal)
> Date: Thu, 14 May 2009 12:15:44 +0530
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> Dear Sir/ Madam,
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> With reference to your mail, kindly note that the shares which are not in your account and your have sold it, is called as delivery shortage, note that the shares which has been short sold by you, need to transfer that incase the shares are not transferred by you before or on the payin day (by 10.00am) to meet the market obligation, the shares will be auctioned by the exchange and the penalty will be levied for the same.
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> Please note that your shares will be auctioned by the exchange on T + 3 days. The entry for the same will be reflected in the ledger on T+4 (Fourth day).
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> Auction rate is decided by the exchange.
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> Assuring you of the best of our services at all times. Please get back to us for any clarifications.
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> Warm Regards,
>
> Muthu Raman.N
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> CASE :- 432393
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> Dear Sir
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> It is unfortunate that the said script was placed at higher values for BUY but it used to revert back to 35.75 (same as SALE). I reported the matter to your Guwahati Office (Mr B Gupta) but without any favourable response, though he too tried to help.
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> I somehow able to BUY 10 nos of the said script
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> date :may 14, 2009
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> other dtails: enclosed doc file
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> SAJAL438
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> sajal das
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