ICICI Prudential AMC — undue withholding of brokerage on aum of k. k. gupta individual

I hereby submit my grievances as under against icic mf
From 2007 to oct 2008 arn 46985 was in the name of krishan kumar gupta and in nov 2008 it was transferred to krishan kumar gupta huf, a separate entity. Accordingly in nov. 2008 every amc’s including icici mf were given letters along with all requisite documents in respect of transfer of arn number and aum at their local respective offices ie alwar/jaipur.
Following our request every amc started sending brokerage in huf bank account. Likewise icic mf which was sending earlier in individual account which was in icici bank, from nov 2008 started remitting brokerage in hdfc bank of krishan kumar gupta huf account.
As tax status had been changed, brokerage was to be given on transactions/holdings/aum relating to krishan kumar gupta but not given.

From nov 2008 we got change of banks for brokerage remittance three times ie nov 2008, june 2010 and dec 2015 and icicimf did it without any objection and brokerage were being remitted through neft as usual.
Surprisingly, in nov 2016 after a period of eight years of transfer, instead of sending brokerage through neft, we got remittance of brokerage through cheque in the name of krishan kumar gupta mentioning bank account of huf along with a copy of brokerage statement. The cheque was returned to amc on account of discrepancy in beneficiary name. The brokerage was later remitted in usual huf account and now are being remitted.
Perusing the statement we found that icic mf is not paying brokerage on the holdings/aum/ transactions of krishan kumar gupta form nov 2008 which is unethical and undue withholding.
The question arises that what circumstances led to issue cheque in the individual name after a lapse of eight yrs when the brokerage were being remitted through neft account in huf account. It clearly shows mistake somewhere at their end and when it came to someone’s in notice the cheque was issued in personal name. Their commission of mistake has put us in loss of brokerage on aum of individual which stands more than 30 lacs every time from 2008.'

With regards,

Krishan kumar gupta huf
.