I am unable to demat some of the physical shares due to 'variation in signature'. This has become a stumbling block in getting shares demated. I need clarification on the following:
1. What is the level of official who authorises signatures authentication.
2. Are such officials trained in detecting fraudulent signature? A forensic study for instance.
3. Do they use scientific tools to arrive at approving or disapproving signature.
4. A signature done at the age of 20, 40, 60 and 80 years is bound to be different. But there are certain underlying attributes which can never change unless extreme medical issues occur. How is this tackled by your company.
5. Who pays for the umpteen courier charges when your firm returns documents?
Secondly, why should the onus of typographical error at data entry stage 30 years ago fall on the share holder? Your company is bound to go through the old records and correct it when your attention is drawn. Instead, why should the investor make a gazatte publication and submit a copy duly notarised. Why should investor spend money on getting documents corrected in the case of 'Penny stock'?
I request you to give proper explanation to my queries and also tell me the appropriate authorities for escalation, if I am unsatisfied.
The details of my share certificate will be informed upon satisfactory response.
Shareholders:
Prakash J. Nambiar [protected]
Shaileja P.Nambiar. Was this information helpful? |
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